Sonali Bank, BDBL Bank sign MoU on merger bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
The board of directors of BDBL approved the merger plan in an emergency meeting on April 8, said Md Habibur Rahman Gazi, managing director and CEO of the bank.
Economic challenges in Bangladesh : Speaking about the future of the economy, he said there is a possibility of Bangladesh transforming into a dynamic developed country on the back of its population’s entrepreneurial spirit.
Merging a weak bank with a strong bank without addressing the issues that caused the weak banks to fail in the first place might bring down both the banks
Bangladesh Development Bank awaits merger with Sonali Bank after boards sanction marriage bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
The most recent bank merger proposal in Bangladesh reflects a pressing need for action due to Bangladesh Bank's determination to instill essential discipline and oversight in the financial sector, which is plagued by widespread irregularities.
Bangladesh Development Bank Ltd (BDBL) will be merged with Sonali Bank while Rajshahi Krishi Unnayan Bank (Rakub) will be taken over by Bangladesh Krishi Bank (BKB), according to a central bank official.
Merger of banks: who wins, who loses? 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.
Both banks are weak as per a Bangladesh Bank health index of banks and it is very difficult to get any positive result by merging two weak banks, said Fahmida Khatun, executive director of the Centre for Policy Dialogue.The decision taken by Exim Bank and Padma Bank on March 18 to merge appears to have been taken hastily without adequate preparation, for which the desired