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The minister also said the Deposit Protection Act, 2026, raised the limit of protected deposits from Tk 1 lakh to Tk 2 lakh.

He added that Tk 12,000 crore has already been transferred from Sammilito Islami Bank’s current account to the Deposit Protection Fund (Bank Companies).

Responding to a question from MP Mostafizur Rahman Babul, the finance minister said the government had appointed the chairman of Sammilito Islami Bank, who has already taken charge. Directors have also been appointed to the bank’s board.

“The nomination for the post of managing director has been finalised, and the appointment process is underway,” he said.

He said the newly formed board is working under the close supervision of the relevant department to make the bank fully operational as quickly as possible.

As part of the process, work is underway to prepare the organisational structure and service rules, integrate IT systems and core banking services, merge manpower and branches, and appoint key officials, including the company secretary, chief financial officer and chief technology officer.

“Once these steps are completed, the bank will be able to resume normal business operations,” the minister said.