Bangladesh Bank has withdrawn the administrator from EXIM Bank, one of five banks merged into Sammilito Islami Bank. The move means EXIM Bank’s operations will now be run through Sammilito Islami Bank’s board of directors and managing director. Administrator Shawkatul Alam and his representatives were withdrawn on Thursday, according to a report published on July 30.

During the interim government period, EXIM Bank, Social Islami Bank, First Security Islami Bank, Union Bank and Global Islami Bank were merged to form Sammilito Islami Bank. The boards of the banks were dissolved and their managing directors were removed. Bangladesh Bank subsequently appointed administrators to oversee the banks’ operations.

In June, the government appointed Kazi Shayrul Hasan as chairman of Sammilito Islami Bank’s board and Abedur Rahman Shikdar as managing director. After the new board and management assumed responsibility, Bangladesh Bank decided to withdraw administrators in stages. Relevant central bank officials said administrators would also be withdrawn from the remaining four merged banks by August.