Mohammad Ayub Miah, chairman of the state-owned Samilit Islami Bank, formed by merging five banks, has resigned. He submitted his resignation to the Secretary of the Financial Institutions Department of the Ministry of Finance on Monday.
Confirming the matter, Mohammad Ayub Mia said, ‘I have resigned today due to personal reasons. Now that I am old, I don’t want to take responsibility anymore, I want to relax for the rest of my retirement.’
The government appointed Mohammad Ayub Miah as the first chairman of the board of directors of this bank on December 7 last year. He is a former secretary.
On August 5, 2024, the interim government formed after the fall of the Awami League government failed to return the depositors’ money – Exim, Social Islami, First Security Islami, Union and Global Islami Bank merged to form Sammilit Islami Bank.
The new bank started its journey with a total capital of 35 thousand crore rupees. Out of this, the government has given 20 thousand crore rupees. The remaining Rs 15,000 crore funds will be given to depositors. Apart from this, an initiative has been taken to pay a total of Tk 12 thousand crore by Tk 2 lakh from the deposit insurance fund of about 78 lakh depositors.
