FROM PAGE B1

Global Islami Bank 95 percent, while Social Islami Bank and Exim Bank recorded 62.3 percent and 48.2 percent, respectively.

As of May this year, combined deposits at these banks stood at over Tk 1.36 lakh crore, according to the Bangladesh Bank.

After the political changeover in August last year, the central bank dissolved the boards of these banks and formed new ones. The forensic audit findings prompted the interim government to move ahead with the merger plan.

In a parallel move, the draft of the Depositor Protection Ordinance will be presented before today’s advisory council meeting.

The draft law proposes the creation of a Depositor Protection Fund to be managed through a designated account at the Bangladesh Bank.

All banks will contribute annually through risk-based and special premiums. The fund will also receive money from penalties and other sources, with investment earnings reinvested into the scheme.

From the fund, the draft act proposes an initial protection ceiling of Tk 2 lakh per depositor, subject to review every three years by a board led by the central bank governor.

Officials said a separate managing board will oversee the fund.