Government to take charge of six troubled banks through merger, says Governor MansurBangladesh Bank Governor Ahsan H Mansur has announced that six financially distressed banks will be consolidated and brought under state ownership as part of a sweeping reform to stabilise the banking sector. The banks in question are Social Islami Bank Limited (SIBL), First Security Islami Bank, Global Islami Bank, Union Bank, Exim Bank, and National Bank. Toward the end of the ousted Awami League government's term, S Alam also gained indirect control of the National Bank board through beneficiaries. Speaking to Channel 24, the governor said, “By July, these banks will be brought under state ownership and recapitalised. Later, Bangladesh Bank gave the green light for National Bank (NBL) to merge with United Commercial Bank (UCB), but the plan was shelved after National Bank objected to the merger.

Source: bd News24 May 26, 2025 20:02 UTC