Baku:Standard Islami Bank PLC will halt all banking activities and services from 10 p.m. on October 20 to 1159 a.m. on October 23 to upgrade its Core Banking System (CBS).
According to Bangladesh Sangbad Sangstha, the Bangladesh Bank's Supervision Data Management and Analytics Department issued a circular granting permission for this upgrade. The bank will enhance its CBS database servers, CBS Application Framework, and database management system.
As part of the upgrade, the bank plans to update its CBS Application Framework from version 11g to 12c and its Oracle database management system from version 11g to 19c. This initiative aims to improve the bank's core banking technology infrastructure.
The circular, signed by Bangladesh Bank SDAD Director Mohammad Abdul Mannan, stated that the permission was granted under Section 45 of the Bank Company Act, 1991. During this period, all types of banking operations and services of Standard Islami Bank will be completely suspended.