Dhaka, Jan. 29 -- Depositors in the five Islamic banks merged into the newly formed Sammilito Islami Bank will receive profits at market rates of up to 9.5 per cent, says the regulator.
But depositors in nine non-bank financial institutions (NBFIs) up for liquidation would receive only their principal amounts -- no interest or profit.
Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur came up Thursday with the latest depositor-compensation packages for the investors in the imperilled banks and nonbanks.
The announcement came at an emergency briefing convened at the BB headquarters amid growing concerns and what the governor described as "rumours and misinformation" surrounding the merged bank.
The governor said the decision applies to s...
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