The merger idea was floated after the IMF suggested that the central bank prepare a road map to reduce default loans as part of the conditions for its $4.7 billion loan package.
Questions have been raised as to why so many banks in Bangladesh are being merged at the same time. Some indicate that given the size of the Bangladesh economy, the number of banks in the country has exceeded the optimal level.
Bangladesh s Banking Sector Heading For Collapse? – OpEd – Eurasia Review eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
Nine banks were in BB red zone | The Daily Star thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.