First Security Islami Bank has assured its depositors that their funds will be fully secured and, to demonstrate this commitment, the bank will begin making regular payments of the minimum due amounts starting next month. The newly appointed administrator, Mohammad Badiuzzaman Didar, Executive Director of Bangladesh Bank, urged depositors to be patient as the process gets underway.

Didar gave this assurance during a meeting with depositors at the bank’s corporate branch in Mohakhali on Tuesday afternoon. The meeting, which also involved a delegation from Bangladesh Bank, was attended by senior officials including Masud Parvez, Maruf Hasan, and the branch manager, Khalid Taimur Rana.

Depositors’ Concerns
During the meeting, depositors shared their distress, highlighting the difficulties they faced due to the inability to withdraw funds despite having deposited their hard-earned money. Many expressed how this situation had affected their personal and family lives, with some sharing their struggles in managing critical financial needs.

One of the largest clients at the branch, businessman Abdul Awal, shared his experience of suffering significant business losses after being unable to open a letter of credit (LC) due to the bank’s financial troubles.

Administrator’s Assurance
In response to the grievances, Administrator Badiuzzaman Didar expressed solidarity with the customers and reassured them that payments would begin gradually from next month, with further improvements expected by January. He emphasised that the bank would recover from this crisis in the shortest possible time, but also urged depositors to be cooperative. He requested that customers avoid withdrawing all their funds out of fear, ensuring that the bank could stabilise and continue to serve them.

He concluded by assuring the depositors that there was no need to worry about their deposited funds.