Everything is ready to merge six banks by July: Governor

Bangladesh Bank (BB) is all set to merge six banks by July this year, which were weakened due to irregularities and loan frauds, the central bank Governor Dr. Ahsan H Mansur said on Monday (26 May 2025).

After the merger, Dr. Ahsan H. Mansur said, the banks will temporarily be placed under the ownership of the state umbrella.

In a recent interview with a private television channel, BB Governor said, "We hope to bring the six banks under government ownership by July and provide the necessary capital. The central bank has already extended liquidity support to these banks."

"However, the banks will remain in government hands temporarily. Later, we will transfer their shares to the public and to international strategic investors. But this will only happen after the banks are reorganized" Dr. Ahsan H. Mansur further said.

The banks which are going to be merged are - First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, Exim Bank and National Bank. Out of these six banks, five were under the control of infamous financial

syndicator S. Alam Group, while the remaining bank was manipulated by another banking bandit Nazrul Islam Mazumder.