How 'forced' bank merger initiatives backfire
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.
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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.
In fact, the reactions of the associated bankers and directors, circumstances centring the meetings where the decisions were taken alongside protests in one case confirmed that these had been decided by the government and relayed through the central bank.
UCB Merger with National Bank: United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders.
In a move aimed at boosting operational efficiency and reaffirming its dedication to superior client service, United Commercial Bank PLC (UCB) orchestrated a pivotal business meeting for the managers overseeing the Khulna, Barisal, and Faridpur regions. This significant...
United Commercial Bank (UCB) recently organised a "Business Meeting" for employees of Dhaka and Cumilla regions of the bank at a hotel in Dhaka.