Bangladesh Bank Takes Control of Five Private Islamic Banks Ahead of Merger The Bangladesh Bank (BB) has taken control of the five private Islamic banks slated for a merger. The central bank has appointed five officials to manage each of the banks, and the existing Boards of Directors have been declared dissolved. Consequently, the five banks—First Security Islami Bank, Global Islami Bank, Union Bank, EXIM Bank, and Social Islami Bank (SIBL)—will now be managed by the administrator teams appointed by the Bangladesh Bank. This decision was formally communicated to the…
Read MoreBangladesh Bank Takes Control of Five Private Islamic Banks
