Dhaka, Nov. 27 -- Bangladesh Bank has ordered a reduction in the salaries of employees from the five banks that have been merged to form the new 'Sammilito Islami Bank' (Combined Islamic Bank).

Sammilito Islami Bank's Assistant Spokesperson Shahriar Siddiqui on Thursday said, "The decision to cut the salaries of employees of the five banks included in the new Sammilito Islami Bank was taken while allocating Tk350 crore in liquidity support."

He explained that the salaries of the banks' employees depend on the depositors' funds, citing an example, "Last year, First Security's income was negative. Yet, they paid salaries amounting to Tk650 crore from depositors' funds. Employees of FSIB and SIBL are currently able to withdraw only a porti...