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ICB Islamic Bank Limited is facing significant uncertainty over its ability to continue as a “going concern” due to mounting accumulated losses, a large capital shortfall and a high volume of classified investments, according to a disclosure issued by the Dhaka Stock Exchange (DSE) on Tuesday.
The disclosure highlighted an “Emphasis of Matter” paragraph included in the auditor’s report for the year ending on December 31, 2025, drawing attention to several financial indicators that raise substantial doubt about the bank’s future operations.
According to the auditor, the bank's accumulated loss stood at Tk 21,80.61 crore at the end of 2025, while its negative equity reached Tk 14,62.39 crore. The bank also reported a capital adequacy ratio of negative 291.87 percent against the regulatory minimum requirement of 12.50 percent.
The auditor further noted that profit-paying deposits amounted to Tk 6,80.44 crore, exceeding the bank's profit-earning investments of Tk 6,32.6 crore. In addition, 84.29 percent of the bank’s total investments were classified as of December 31, 2025.
“These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the bank’s ability to continue as a going concern,” the auditor said, adding that the audit opinion was not modified in respect of the matter.
The auditor also raised concerns over the verification of fixed assets. Although the bank reported fixed assets worth Tk 15.41 crore on a written-down value basis, their existence could not be verified due to an incomplete fixed asset register lacking identification numbers and location details.
The DSE published the disclosure to inform investors of the auditor’s observations regarding the bank’s financial position and operational sustainability.
