Exim Bank
Exim Bank suffers a massive Tk 566 crore loss in Q3
The decline in NOCFPS was primarily due to increased investments in customers and a fall in deposits
Nazrul Islam Mazumder removed from Exim Bank board
BB forms new five-member board for Exim, keeping three shareholder directors unchanged
Banks asked to freeze accounts of Exim Bank chairman, wife
The anti-money laundering agency instructed the lenders to keep the accounts frozen for the next 30 days
All that is wrong with the proposed bank mergers
Mergers cannot be based on the arbitrary decisions of authorities. This amounts to an imposition of the liability of poor banks on well performing banks.
Exim Bank’s profit dropped 9.4% in 2023
Exim Bank's profit declined 9.4 percent year-on-year to Tk 337 crore in 2023, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.
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.
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 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.
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.
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
Exim Bank moves to bring remittance from UK faster
The investment (overdrawn) facility will facilitate the execution of inward remittance on time, said the bank in a filing on the Dhaka Stock Exchange.
Exim Bank’s profit surges 72% in 2022
The bank reported consolidated earnings per share of Tk 2.57 for the last financial year compared to Tk 1.49 in 2021.
Joint panel for fast execution
Dhaka and New Delhi are going to take some fresh measures, including formation of a joint monitoring committee, to quickly