Bank merger in Bangladesh

Three banks agree to merge, two oppose

Among the five Shariah-based banks slated for merger by the central bank, three have agreed to the regulator’s plan, while two have opposed it during separate meetings in the last three days..Those that agreed are First Security Islami Bank PLC (FSIB), Global Islami Bank PLC (GIB), and Uni

Shareholders urge BB not to merge SIBL

Social Islami Bank's (SIBL) founding shareholders have urged the central bank and the Ministry of Finance not to involve the bank in any merger with other ailing banks.

Bangladesh Bank plans mergers of troubled banks, NBFIs

Six Islamic banks are likely to be merged initially, said central bank officials.

Some Islamic banks to merge: Governor

He assured depositors their funds would remain safe during the transition, as the government would take over the merged banks

Forceful bank merger not the right step, says former governor Farashuddin

Forceful mergers of banks will not be the right step and banks should agree for the consolidation in the first place, said Mohammed Farashuddin, a former governor of the Bangladesh Bank

Nat’l Bank not up for merger

National Bank officials do not want the bank to merge with another entity.

Deposits safe in banks being merged: BB

Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.

Halt bank mergers

The Transparency International Bangladesh has urged the central bank to stop the process of merging weaker banks with the relatively stronger ones.

Opinion / Bank mergers: All dimensions must be considered

In general, five issues need to be borne in mind when it comes to bank mergers in Bangladesh.

April 24, 2024
April 24, 2024

Deposits safe in banks being merged: BB

Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.

April 24, 2024
April 24, 2024

Halt bank mergers

The Transparency International Bangladesh has urged the central bank to stop the process of merging weaker banks with the relatively stronger ones.

April 21, 2024
April 21, 2024

Bank mergers: All dimensions must be considered

In general, five issues need to be borne in mind when it comes to bank mergers in Bangladesh.

April 21, 2024
April 21, 2024

Basic, National Bank Mergers: People withdrawing money in panic

A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.

April 17, 2024
April 17, 2024

BASIC Bank officials ‘terrified’ by impending merger

As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.

April 16, 2024
April 16, 2024

No more bank merger proposals for now: BB

Bangladesh Bank will focus on five merger or amalgamation proposals it has already received and not accept any other proposals for the time.

April 9, 2024
April 9, 2024

UCB plans to take over troubled National Bank  

United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders. 

April 9, 2024
April 9, 2024

City Bank likely to take over BASIC Bank

Troubled state-owned BASIC Bank is likely to be acquired by private sector lender City Bank as the central bank is forging full steam ahead with its plan to engineer the takeover of weak banks with stronger ones.

April 7, 2024
April 7, 2024

Can merger be panacea for banking sector’s ills?

The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.

April 5, 2024
April 5, 2024

BDBL to be merged with Sonali Bank, Rakub with Krishi Bank

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.