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Sammilito Islami Bank PLC

socb · partial (verified 2026-05-18)

Profile

Total assets
—
Deposits
৳1,420,000,000,000
Gross NPL
84.23%
CRAR
— (n/a)
Net profit
—
Chairman
—
MD/CEO
—
Rating
—

As of May 2026, Sammilito Islami Bank PLC is operationally active across 761 branches but faces a leadership vacuum (both chairman and MD/CEO posts vacant since March 2026), legal uncertainty over the merger (SIBL and EXIM Bank seeking to exit under the Bank Resolution Act 2026), and an unresolved Tk 165,781 crore NPL burden (84.23% of gross loans) being progressively transferred to BAMCO. Depositor repayment is underway for accounts up to Tk 2 lakh; larger depositors are subject to the 24-month quarterly drawdown schedule. No permanent MD/CEO has been appointed as of verification date.

Recent activity

Provenance & notes

Branch count 761 is the sum of the five predecessor banks as of late 2025: EXIM 155 + FSIB 206 + GIB 105 + SIBL 181 + Union 114; source: Bonikbarta analysis confirmed by multiple outlets. Employee count 18,081 is the verified sum of staff across all five banks (EXIM 3,487 + FSIB 5,996 + SIBL 4,039 + GIB 2,486 + Union 2,073); annual salary bill approximately Tk 1,977 crore (Tk 19.77 billion). Government ownership 57.14% computed as Tk 20,000 crore government Class A shares divided by Tk 35,000 crore total paid-up capital; remaining 42.86% held by institutional depositors (bail-in Class B and C shares at Tk 7,500 crore each). Paid-up capital BDT 350,000,000,000 = Tk 35,000 crore; authorized capital BDT 400,000,000,000 = Tk 40,000 crore. Total deposits Tk 142,000 crore sourced from Dhaka Tribune ('44 crore in two days') context plus the widely-cited '7.5 million depositors' figure; confirmed by BSS and multiple outlets. NPL ratio 84.23% and NPL of Tk 165,781 crore from search-cited pre-merger combined data (combined gross loans Tk 196,827 crore); Bonikbarta data (end-2024 per-bank) is consistent: EXIM NPL Tk 149.03B, FSIB Tk 559.20B, GIB Tk 130.88B, SIBL Tk 236.33B (Union Bank figure not available in Bonikbarta table). Total assets field set null because Union Bank's asset figure was not available in sources; partial four-bank total from Bonikbarta is Tk 198,781 crore (EXIM 626.27B + FSIB 692.17B + GIB 192.2B + SIBL 477.17B). DSE listing: the five predecessor banks' shares were suspended by DSE ahead of the merger; none of their shares are currently trading; Sammilito Islami Bank itself is not listed; delisting process of the five banks was not completed as of search date. Official website: no confirmed URL found in primary sources; no domain could be verified. Chairman and MD/CEO both vacant as of May 2026: founding chairman Ayub Mia resigned March 16 2026; first designated MD Nabil Mustafizur Rahman declined March 8 2026; fresh recruitment was underway. Legal status of five predecessor banks: all ceased independent operations January 1 2026; their individual bank licences were surrendered/cancelled under the resolution process; shares declared void; however the Bank Resolution Act 2026 provision for owner reclamation has created legal ambiguity, with SIBL and EXIM Bank former owners challenging the merger structure as of May 2026.

Sources