The newly-formed Sammilito Islami Bank, created by merging five banks, will continue its operations without disruption, Bangladesh Bank Governor Md Mostaqur Rahman said on Tuesday.
The governor made the assurance at a meeting with the banks' administrators and senior officials of the central bank, held at its headquarters in Dhaka.
The central bank chief also said the process of appointing a managing director (MD) at Sammilito Islami Bank will be completed as quickly as possible, while the current board of directors will remain in place, according to officials.
The Sammilito Islami Bank has been formed by merging Exim, Social Islami, First Security Islami, Union, and Global Islami banks, with a total capital of Tk 350 billion, of which the government contributed Tk 200 billion.
Bangladesh Bank Governor Md Mostaqur Rahman assured that the newly formed Sammilito Islami Bank, created by merging five banks, will continue its operations without disruption, during a meeting today (March 3) with the banks' administrators and senior Bangladesh Bank officials.
According to officials present, the governor emphasised that measures taken regarding the banks during the interim government will remain in force and must be implemented swiftly.
He added that those responsible for embezzling funds from the banks would face appropriate action, with the government ensuring accountability for misappropriated funds from the period of the previous Awami League government.
Md Mostaqur Rahman also stated that the MD appointment process at the Sammilito Islami Bank will be completed as quickly as possible, and the current board of directors will remain in place.
He called for initiatives to revive factories under the five banks' portfolios and to ensure that they resume production.
Any outstanding foreign obligations of these enterprises will also be addressed promptly.
