Governor Outlines Plan to Return Deposits of Merging Banks

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Governor Outlines Plan to Return Deposits of Merging Banks

B Mirror Report : Bangladesh Bank Governor Dr. Ahsan H. Mansur has presented a framework for returning deposits of five merging banks, while adhering to Shariah principles and accounting for the banks’ losses.

Addressing ongoing public concerns about the repayment of funds to depositors, the Governor said at a press conference at Bangladesh Bank on Thursday that the central bank is working to protect the interests of the general public while following Islamic financial guidelines.

He explained that a key decision regarding deposit returns was made based on the recommendations of the Shariah Council. According to these guidelines, profits cannot be distributed during periods when a bank incurs significant losses. This specific policy adjustment was necessary due to the major losses identified in the revised accounts for the 2024–25 fiscal years, he noted.

While media reports highlighted the absence of profit for 2024, the Governor emphasized that depositors will still receive their principal amounts. He added that all accrued interest and investment returns up to 2023 will be paid in full. “If someone made a deposit ten years ago, they will receive their full return, including investment profits, up until the end of 2023,” he said.

 

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