Merged lenders to be named United Islami Bank; ordinances on bank merger and depositor insurance to be placed at advisory council meeting today

BB to appoint administrative teams

The five banks slated for consolidation are First Security Islami Bank, Union Bank, Global Islami Bank, Social Islami Bank and Exim Bank.

BB officials said the central bank decided to set up an office at Sena Kalyan Bhaban in Motijheel to oversee the process.