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For now, no more banks will be merged

by endroar
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Bangladesh Bank said that no more banks will be merged for now. The regulatory body says that the decision to merge any other weak banks will be made after reviewing the results and experience of the five banks that have already started the process. Already, the process of reducing public-private 10 banks to five by merging them has started.

Bangladesh Bank Spokesperson Majbaul Haque Prothom-aloK said, 'Outside these five banks, no new banks will be voluntarily merged. Because, how much capacity we have in this matter is also important. Three audit firms are needed to audit a bank. There is a dearth of good auditing institutions in the country. Taking experience from these five banks, a decision may be made to merge more banks in the coming days.'

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