Bangladesh Bank Governor Dr. Ahsan H Mansur announced on Sunday that five private Islamic banks will be merged in the coming months, assuring that no employees will lose their jobs in the process.
Speaking at a press conference held at the central bank’s boardroom, the governor emphasized that the decision is part of an ongoing financial restructuring initiative, not connected to the upcoming national elections. “This is a continuous institutional process. We expect the next government to carry it forward,” said Dr. Mansur.
He noted that although employee positions are secure, branch relocations may occur to better serve rural areas. “Branches may be shifted to villages with underserved populations, especially where there is a concentration of branches in city areas,” he explained.
Addressing questions from the press, Dr. Mansur discussed efforts to recover trafficked assets, stressing that legal proceedings are essential for legitimate claims. “We can’t recover any asset without a final court verdict. Solid information and documentation must be submitted first,” he stated.
He added that both judicial processes and Alternative Dispute Resolution (ADR) mechanisms are under consideration for asset recovery. “The government will decide the path — whether to pursue through courts or ADR. Bangladesh Bank will prepare accordingly and appoint legal counsel,” he said.
For domestic recoveries, cases will be handled in local courts, while international claims will proceed in the respective countries’ courts. Preparations are already underway, according to the governor.
Bd-pratidin English/ Jisan
