The board of First Security Islami Bank has agreed to the merger plan proposed by Bangladesh Bank, confirmed Chairman Mohammad Abdul Mannan after a meeting with the central bank on Tuesday.
The meeting, originally scheduled for 11am, commenced at 1pm. Bangladesh Bank’s Governor participated online due to health issues, while Chairman Abdul Mannan chaired the session.
All board members, including the Managing Director and Head of Treasury, were present, alongside senior officials from Bangladesh Bank, including Deputy Governors Dr Kabir Hossain, Dr Nurun Nahar, Dr Habibur Rahman, and Zakir Hossain Chowdhury.
Bangladesh Bank had informed the bank’s board members about the meeting in a letter dated August 26, requesting them to discuss and decide on their stance regarding the merger.
Following the meeting, Chairman Abdul Mannan confirmed that the board had agreed with Bangladesh Bank’s decision regarding the merger.