BB revises profit decision: Sammilito Bank customers to get 4pc profit

Business Desk :

Bangladesh Bank has revised its earlier decision on profit payments by Sammilito Islami Bank, allowing only individual depositors to receive a 4 percent return on their deposits for 2024 and 2025.

As part of the resolution process of troubled Islamic banks, Bangladesh Bank has moved away from its previous decision not to pay profit on deposits for 2024 and 2025.

According to the new decision, profit will be paid at an annual rate of 4 percent on term and scheme-based deposits of individual customers for those two years.

The Bank Resolution Department (BRD) of Bangladesh Bank gave this instruction in a letter sent to Exim Bank PLC on Wednesday. The letter said that profit will be paid as per bank rate on personal (non-institutional) term deposits and various savings schemes for the period from January 1, 2024 to December 28, 2025.

The central bank said that earlier in the directive issued on January 14, 2026, it was said that profit would not be paid on deposits during that period in the interest of the formation of Sammilito Islami Bank PLC and the resolution of five troubled Islamic banks.

However, the decision has been changed considering the benefits of depositors and the long-term financial stability of the new bank.

According to the new instructions, banks will have to recalculate the deposit balance as of December 28, 2025.
The revised deposit and profit information along with an adjustment statement showing the effect of the recalculation will have to be submitted to Bangladesh Bank within three working days.

The letter further states that in cases where more than 4 percent profit have already been paid in 2024 and 2025, the excess amount paid will have to be adjusted in the form of installments from the profit payable in the future.

The schedule for this adjustment will be determined by the concerned bank. However, Bangladesh Bank has said that the previous decision will remain in force for all other types of deposits except personal term and scheme-based deposits.

Bangladesh Bank says that this process of recalculating deposits and profits is an important part of the Resolution Scheme 2025 and the formation of the financial structure of Sammilito Islami Bank. Therefore, the concerned banks have been asked to follow the instructions properly.