Bangladesh Bank plans mergers of troubled banks, NBFIs

 The banks are Social Islami Bank, Global Islami Bank, ICB Islamic Bank, EXIM Bank, First Security Islami Bank, and Union Bank, according to BB officials.

They said that global audit firms Ernst & Young and KPMG have already completed asset quality reviews of these commercial lenders. Based on their findings, the central bank is expected to proceed with the merger.

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