Bangladesh Bank will appoint an external firm within days to conduct a forensic audit of the five private banks recently merged into Sammilito Islami Bank. Governor Ahsan H. Mansur announced

Sammilito Islami Bank, the newly formed entity resulting from the merger of five Islamic banks—Exim Bank, First Security Islami Bank (FSIBL), Social Islami Bank (SIBL), Union Bank, and Global Islami

The grand merger of five struggling Shariah-based banks into the state-owned Sammilito Islami Bank PLC has so far failed to resolve the liquidity crisis, leaving thousands of depositors unable to

Bangladesh Bank has officially listed the newly-formed Sammilito Islami Bank PLC as a scheduled bank.

The central bank (Bangladesh Bank) approved a fresh Tk 350 crore in liquidity support for the five banks today, exclusively earmarked for paying employee salaries.

The Bangladesh Bank (BB) has initiated a major overhaul of the country's troubled Islamic banking sector by merging five failed lenders—First Security Islami Bank, Union Bank, Global Islami Bank, Social