Bangladesh Bank is developing a special payment scheme to safeguard depositors of five Islamic banks that are in the process of merging.
According to data from the central bank, the merging banks hold a combined deposit of Tk 1.52 lakh crore, including nearly Tk 46,000 crore in personal deposits. Meanwhile, their outstanding loans have already exceeded Tk 2.0 lakh crore.
Under the plan, deposits of up to Tk 2.0 lakh will be promptly refunded through an insurance scheme, ensuring that small and medium depositors remain protected.
A Bangladesh Bank official said, “We want to make sure that ordinary depositors are not affected in any way. This special arrangement will restore confidence among the public.”
Analysts note that the move is a crucial step to maintain stability in the banking sector and preserve trust among depositors during the merger process.