Depositors of Sammilito Islami Bank staged a sit-in in front of the Bangladesh Bank (BB) on Tuesday, demanding the return of their money and the cancellation of “haircuts” regarding the reduction of market value of loan collateral or profit amounts.
The protesters took a position on the road in front of the central bank in Motijheel at around 12pm. These five banks serve a combined total of around 7.5 million customers.
They also called for the normalisation of transactions at the five banks under the Sammilito Islami Bank – EXIM Bank, Social Islami Bank, First Security Islami Bank, Union Bank, and Global Islami Bank.
Since August 2024, depositors at these institutions have been unable to withdraw money according to their requirements.
