Dhaka, Dec. 2 -- Bangladesh Bank Governor Dr Ahsan H Mansur will formally inaugurate the newly formed Sammilito Islami Bank PLC on Thursday, marking a significant step towards the restructuring of the country's Islamic banking sector.

Talking to reporters, a Bangladesh Bank official on Tuesday confirmed that Governor Ahsan Mansur will inaugurate the new bank on Thursday.

The bank began operations on Tuesday, following the final approval and licensing from the central bank on Monday.

The new bank, formed by merging five struggling Islamic banks, aims to stabilise the sector and restore public confidence under the leadership of its chairman, former Secretary Dr Mohammad Ayub Mia, who has pledged to rebuild depositor trust.

"The launch o...