“Weaker banks can be merged with better-performing ones”
Desk Report || risingbd.com
Finance Minister Abul Hassan Mahmood Ali has given his opinion in favor of merging the weak commercial banks.
He said it is better to merge weak bank with the better-performing ones. So, it can be done.
The minister said this while addressing newsmen after a meeting with IMF Resident Representative in Dhaka Jayendu De and Lilly Nicholls, High Commissioner for Canada in Bangladesh on Thursday (February 8).
He also said that in the countries where free economy prevails, merging takes place in those nations. It is better to merge with work banks rather not working at all. That’s the idea. It is certainly possible.
However, we have not received any proposal yet for merging any banks in Bangladesh, he added.
Mesbah/Nasim