Revised decision will apply only to individual depositors

The Bangladesh Bank (BB) will not change its decision about paying no profits on deposits for 2024 and 2025 at five shariah-based banks now undergoing a merger, even as depositors staged protests at a number of branches.

Most branches of the five lenders reported normal banking activity, hinting at growing depositor confidence in the newly formed Sammilito Islami Bank PLC

The application for a three-year contract should be submitted by December 22 this year

The Bangladesh Bank (BB) wants to bring in strategic foreign investors for the new shariah-based Sammilito Islami Bank, which is being created through the merger of five troubled Islamic lenders, according to BB Governor Ahsan H Mansur..Days after the central bank gave the preliminary appr