November 10, 2026 || Sammilito Islami Bank Launches First Integration Initiative, Unifying Legal and Investment Recovery Divisions of Five verticals
Sammilito Islami Bank PLC has launched the integrated operations of the Legal Divisions and Investment Recovery Divisions of its five verticals. The five separate Legal Divisions of EXIM Bank, Social Islami Bank, First Security Islami Bank, Union Bank and Global Islami Bank have been consolidated into one central Legal Division. Similarly, the five Investment Recovery Divisions have been brought together under one central Investment Recovery Division.
The integrated Legal Division and Investment Recovery Division were formally inaugurated on 10 November 2026 at the head office of the SIBL Unit at City Centre, Motijheel, Dhaka. Quazi Shairul Hassan, Chairman of Sammilito Islami Bank PLC, inaugurated the integrated divisions. Abedur Rahman Sikder, Managing Director and CEO of the Bank and Barrister Firoz Hasan, Legal Adviser to Bangladesh Bank, were also present on the occasion.
Speaking at the event, Chairman Quazi Shairul Hassan said that Sammilito Islami Bank is the largest bank in the country in terms of size and paid-up capital. He expressed optimism that the Bank would achieve its desired goals through collective efforts and the coordinated contributions of its skilled workforce. He also called upon everyone to work together to take the Bank forward on its journey towards prosperity.
Managing Director and CEO Abedur Rahman Sikder said that the Legal and Investment Recovery Divisions of the five banks had now started working under a unified structure. He described the integration of these two divisions as the first integration initiative of Sammilito Islami Bank. Highlighting the importance of investment recovery, he said that recovery of investments must remain the Bank's top priority. He emphasized that the officials working in the Legal and Investment Recovery Divisions would play a particularly significant role in this process. Their dedication, expertise and collective efforts would be instrumental in achieving the Bank's desired progress.
Barrister Firoz Hasan, Legal Adviser of Bangladesh Bank, said that the integration of the five banks had been a challenging process and far from easy. He expressed his sense of honor at being associated with this challenging initiative.
Heads of the respective Legal and Investment Recovery Divisions of the five verticals and other officials were also present at the event.
