Regulatory Alerts2023-08-22
Added
DOS Circular Letter No. 22: Intermission of Banking Operations of Global Islami Bank PLC. due to Data Migration to New Core Banking Software.
The Department of Offshore Supervision grants consent for Global Islami Bank PLC to temporarily suspend all banking operations for a total of 120 hours (five days) from September 1, 2023, to September 5, 2023. This suspension is authorized to facilitate data migration to a new version of the bank's core banking system under Section 45 of the Bank Company Act, 1991.
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