Dhaka, Nov. 29 -- The new bank born out of the merger of five severely liquidity-starved unconventional banks will be launched this week, Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur informed Thursday, on an upbeat note about its strong start-up capital base.

The process of launching the much-talked-about Sammilito Islami Bank begins today, incidentally amid a crisis stemming from bad-loan burdens on banks.

Speaking as the chief guest at the 4th Bangladesh Economic Conference 2025, he said five struggling Islamic banks are being merged into the country's biggest commercial bank under the bank resolution ordinance.

"This newborn bank will be launched next week (the week begins today)," he told the audience at the conference hosted b...