Dhaka, Nov. 5 -- Bangladesh Bank (BB) has dissolved the boards of the five liquidity-crisis-ridden Islamic banks facing mergers.

The central bank called the board of directors of the struggling unconventional banks on the day and shared the decision to dissolve their boards as part of the ongoing merger move by the regulator.

The BB high-ups congratulated the board members for their time and energy in operating the banks in this critical period of time.

Emerging from the meeting, the chairman of the just-expired board of directors of First Security Islami Bank, Abdul Mannan, told the reporters that the banking regulator dissolved the bank's board like others with floral appreciation for their responsibilities.

"From now on, we have a ...