Bank merger in Bangladesh

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.

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.

March 23, 2024
March 23, 2024

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.

March 19, 2024
March 19, 2024

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.

March 18, 2024
March 18, 2024

Exim Bank, Padma sign MoU for merger

The MoU will open the process of merger

March 17, 2024
March 17, 2024

Can mergers heal banking sector’s wounds?

The news that Shariah-based Exim Bank is going to merge with troubled commercial lender Padma Bank has taken the financial sector of Bangladesh by surprise.

March 14, 2024
March 14, 2024

Padma Bank to merge with EXIM Bank: official 

Padma Bank, which has been struggling with the burden of toxic loans for years, will merge with EXIM Bank. It will be the first bank merger in Bangladesh

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