Bangladesh Bank has provided Tk 2,721 crore in short-term liquidity support to the newly formed Sammilit Islami Bank, created through the merger of five struggling Islamic banks. The three-month loan was issued after deposit withdrawals surged during merger discussions, forcing the central bank to inject funds. The merged institutions include First Security Islami Bank, Social Islami Bank, EXIM Bank, Union Bank, and Global Islami Bank.
According to official data, EXIM Bank received the largest share of Tk 1,564 crore, followed by Social Islami Bank with Tk 482 crore, First Security Islami Bank with Tk 416 crore, Union Bank with Tk 161 crore, and Global Islami Bank with Tk 98 crore. The merged bank has an authorized capital of Tk 40,000 crore and paid-up capital of Tk 35,000 crore, with the government contributing Tk 20,000 crore. Around 7.8 million depositors are being compensated through an insurance fund totaling Tk 12,000 crore.
Bangladesh Bank Governor Md. Mostakur Rahman recently directed administrators to recover embezzled funds by April through foreign legal assistance. As of December, the merged banks held Tk 196,827 crore in total loans, with 84.23 percent classified as non-performing.