Bank merger in Bangladesh
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.
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.
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.
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.
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.
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.
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.
Directors, top officials of merged banks can’t hold posts in acquiring entity
The guideline comes four months after the BB issued the Prompt Corrective Action (PCA) framework to give a procedural direction for mergers and acquisitions amidst the deteriorating financial condition of some banks and financial institutions.
Forced bank mergers could be counterproductive
The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
Forced bank mergers may be counterproductive: World Bank
The WB said before initiating any merger processes, detailed guidelines on mergers and acquisitions need to be issued, allowing banks a clear idea about the process involved
When does a bank fail?
There are four main reasons why banks fail: credit risk, interest rate risk, foreign exchange risk, and liquidity risk (bank run).
Merger of banks: Who wins, who loses?
Initially, it is the general stock investors who might be at the receiving end of the process while the loan defaulters, whose misdeeds are largely responsible for Padma Bank’s current misfortunes, might come out victorious.
Hasty bank mergers to bring no good
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.
EXIM-Padma Bank 'merger': Turning rotten apples into fresh oranges?
Bangladesh Bank deserves credit for forging the deal of signing the MoU between EXIM Bank and Padma Bank on March 18.
Exim-Padma Bank merger to take at least 18 months
The planned merger of Shariah-based Exim Bank and struggling Padma Bank is likely to take between 18 months to two-and-a-half years to complete, according to central bank officials.
