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Bangladesh Economy

Five Shariah-Based Banks to Merge Before Bangladesh Election, Says Central Bank Governor

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1Nojor Desk
  • 16 Jun 25
  • 04:26 PM

Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that five Shariah-based banks will be merged into one before the national election. No employees will lose their jobs, though some branches may be relocated. The decision follows major financial irregularities and high default rates — 76.69% of loans are non-performing. The merger excludes Islami Bank Bangladesh PLC, which will remain separate. Legal efforts to recover laundered money abroad are ongoing, with a focus on both court proceedings and out-of-court settlements.

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Bonik Barta 16 Jun 25

Governor at Press Conference: Five Shariah-Based Banks to Merge Before Election

Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that the process of merging five Shariah-based banks into a single entity is at its final stage and will be completed before the upcoming national election. He also assured that no employees will lose their jobs as a result of this merger. The announcement was made during a press conference at the central bank's boardroom yesterday.

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