GovTwin / Institution

Sammilito Islami Bank PLC

Soe

State-resolution vehicle created by merging five failed Sharia-based banks (EXIM Bank PLC, Social Islami Bank PLC, First Security Islami Bank PLC, Global Islami Bank PLC, Union Bank PLC) under the Bank Resolution Ordinance 2025; mandated to protect 7.5 million depositors, wind down Tk 165,781 crore of classified loans via BAMCO, and restore Sharia-compliant banking services across the combined 761-branch network.

Financial performance

New state-controlled Shariah bank that commenced operations on 2 December 2025 as the 62nd scheduled bank, formed by merging five troubled Islamic banks (First Security Islami, Global Islami, Social Islami, EXIM, Union). Paid-up capital Tk 35,000 crore (Tk 20,000 crore govt + Tk 15,000 crore depositor shares), authorized capital Tk 40,000 crore; legacy shareholders' paid-up capital wiped out. No full-year audited financials exist yet (formed FY2025-26), so all financial fields are null.

Source: state-owned enterprise financial reporting. All SOEs →