The Central Bank has issued a press release to clear the confusion and clarify the public about the merger of banks. In the press release sent to the media on Tuesday (April 23), Bangladesh Bank says that recently it has been observed that various types of news about bank mergers have been published in various electronic, print and social media, which in many cases are not based on real information. As a result, various types of confusion are being created in the public mind regarding bank merger.
According to Bangladesh Bank, Bangladesh Bank is working on “Bank Consolidation” with two main objectives:
One. Bangladesh will be established as a developing economy in 2026. As a result, more capable banks and financial institutions will be required in the country to provide effective banking services to the developing economies so that there is no hindrance in the investment in economic development.
Two. Strengthening the financial sector by solving the existing problems of relatively weak banks and at the same time developing the activities of relatively strong banks so that the merged bank-company can provide more services in the public interest. In order to remove the confusion created in the public mind, Bangladesh Bank informs everyone about the purpose and results of the bank merger that,
1. Deposits of individual and institutional depositors in the banks undergoing merger process will be completely safe and secure. Even after the completion of the merger, the current account of the account holders of respective banks will continue as before.
2. The merger process will be completed based on the consent of the entrepreneurial directors, current boards and common shareholders of the banks covered by the merger.
3. All activities of the merger will be carried out following the policy issued by Bangladesh Bank on April 4 this year.
Bangladesh Journal/TR
Tags: Confusion bank merger Bangladesh Bank
