General investors face bleak prospects with their investments in ICB Islamic Bank unless the government intervenes and provides necessary funding for a complete overhaul. Currently, general investors hold a 25.42% stake in the bank, but the stock has consistently traded below face value for two years, closing at Tk 3.5 per share, the lowest among bank stocks. The bank has not issued dividends for over two decades and has not issued rights shares since 2003.
The bank’s dire situation, with 87% of its outstanding loans classified as non-performing, has led to discussions about potential foreign financial support. However, the likelihood of such support is low due to significant risks involved. Despite efforts from the bank’s management to secure government assistance, the future remains uncertain.
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