Bangladesh, July 30 -- Administrators appointed to the five merging Islamic banks will be withdrawn shortly to help accelerate operations of the newborn Sammilita Islami Bank led by a new managing director.

Advertisement Bangladesh Bank (BB) has made the decision on withdrawal of the administrators of the five and charge handover to the emerging bank's MD, sources said.

The decision was taken at a meeting of the board of directors of the BB on Wednesday with its governor Md. Mostaqur Rahman in the chair.

Seeking anonymity, a BB official confirmed the decision, saying that withdrawal of administrators will possibly begin within a couple of days and charge handover to a full-time managing director takes place soon.

Apart from that, he ...