Bangladesh Bank has rescinded the appointment of a temporary administrator and five supporting officials tasked with overseeing the merger of EXIM Bank PLC.
The central bank issued an official order withdrawing the oversight team, effectively halting the current phase of the bank resolution process for the lender.
The move marks a significant pivot in the regulator's approach to restructuring the state-owned bank.
By removing the administrator, Bangladesh Bank appears to be stepping back from direct operational control, potentially paving the way for a different resolution path or a return of governance to existing stakeholders.
The decision comes amid broader efforts to stabilize the country's financial sector.
This development follows a pattern of regulatory intervention and subsequent recalibration in Bangladesh's banking industry.