5 shariah-based banks to be merged soon

Staff Reporter:

Bangladesh Bank (BB) Governor Dr Ahsan H Mansur yesterday said that the process of merging five shariah-based banks that are struggling financially is at its final stage assuring no employees would lose their jobs as a result of this merger.
“Five Islamic banks are expected to complete the merger within the next few months. Employees had no reason to worry,” he said while speaking at a press conference held at the central bank’s boardroom in the city.
The five banks are- First Security Islami Bank, Global Islami Bank, Union Bank, Social Islami Bank and EXIM Bank.
Mansur expected that the next government to continue this process as it is an ongoing process.