Five weak banks are to be merged into a larger ‘Islami’ bank. The banks to be merged are Exim Bank, Social Islami Bank, First Security Islami Bank, Union Bank and Global Islami Bank. Bangladesh Bank officials said that the paid-up capital of the proposed merged bank has been set at Tk 350 billion. “Among the five banks, Exim Bank does not want to be merged. Stating that efforts are being made to bring in foreign investors, he said: "After the merger, it will be a bigger bank than 'Islami Bank Bangladesh'.

Source: bd News24 September 05, 2025 02:00 UTC