Merged banks' depositors to get no profit for 2024, 2025

Depositors of five banks undergoing merger will not receive any profit on their deposits for 2024 and 2025, as the central bank has directed the banks to recalculate deposit balances under the approved resolution scheme.
The banks-First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and EXIM Bank-are being merged into a new state-run entity, Sammilito Islami Bank PLC.
In letters sent to the banks, the central bank said deposit balances would be recalculated based on their position as of December 28, 2025. No profit will be considered on deposits for the period from January 1, 2024 to December 28, 2025.
Earlier, depositors were expected to receive profit at the prevailing bank rate of 4.0 per cent.