Dhaka, Dec. 31 -- Sammilito Islami Bank, which emerged from the merger of five Islamic banks, will decide whether to close the banks' subsidiaries or keep their businesses running, according to the central bank.

The decision will be based on a feasibility study, sources at the Bangladesh Bank (BB) said.

"The subsidiaries, which will have prospects, will definitely continue operations," said Md. Jahir Uddin, a director of the Bank Regulation Department (BRD) of the central bank.

The five cash-trapped banks - Exim Bank, First Security Islami Bank (FSIBL), Social Islami Bank (SIBL), Union Bank, and Global Islami Bank - have recently been merged into Sammilito Islami Bank. Of them, Union Bank and Global Islami Bank have no subsidiaries.

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