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Bangladesh Bank plans five-bank merger by November - The New Nation
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Bangladesh Bank plans five-bank merger by November - The New Nation
NN ONLINE: Bangladesh Bank has said the process of merging five debt-ridden banks linked to S Alam Group is moving fast and is expected to be completed by mid-November this year. Earlier this week, the finance ministry approved a draft proposal to merge Exim Bank, Social Islami Bank, First Security Islami Bank, Global Islami Bank and Union Bank into a single state-owned entity. Work on the consolidation has already started, according to central …
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