DhakaSunday, 16 March 2025

Sonali, BDBL sign MoU for merger process

Rtv news

Sunday, 12 May 2024 , 04:54 PM


loading/img

State-owned Sonali Bank and Bangladesh Development Bank PLC (BDBL) have decided to start the merger process.

Advertisement

A memorandum of understanding (MoU) was signed between the two banks at the Bangladesh Bank on Sunday (May 12).

This initiative has been taken after the approval of the Board of Directors of BDBL to merge with Sonali Bank in April this year.

Advertisement

Bangladesh Bank Governor r Abdur Rouf Talukder, Sonali Bank Chairman Ziaul Hasan Siddiqui, Managing Director and CEO Md Afzal Karim and BDBL Chairman Shamima Nargis and Managing Director Md Habibur Rahman Gazi and other concerned officials were present on the occasion.

iaul Hasan Siddiqui said, "Time has been taken to scrutinise the agreement thoroughly before signing the deal. We made our own decisions without any influence. Then I contacted the governor of Bangladesh Bank and told him that we want to merge with BDBL."

According to Bangladesh Bank, Tk 13,150 crore of Sonali's disbursed loans are at risk; Which is 14.1 percent of the total distributed loans.

Advertisement


 

Follow google news channel to get RTV news

Advertisement


© All Rights Reserved 2016-2025 | RTV Online | It is illegal to use contents, pictures, and videos of this website without authority's permission