Dr. Ahsan H. Mansur, Governor of Bangladesh Bank (BB), announced today that the merger process for five financially struggling Shariah-based banks is in its final stages. He provided assurance that no employees would face job losses as a result of these consolidations.
Speaking at a press conference held in the central bank’s boardroom, Governor Mansur stated, “Five Islamic banks are expected to complete the merger within the next few months. Employees have no reason to worry.”
The five banks involved in the merger are First Security Islami Bank, Global Islami Bank, Union Bank, Social Islami Bank, and EXIM Bank.
Governor Mansur expressed his expectation that the next government would continue to support this ongoing merger process.
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