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This time Basic Bank is merging with City Bank

by endroar
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This time, the troubled Basic Bank is merging with City Bank, which is in the list of good private sector banks. This decision was taken in a meeting held at Bangladesh Bank on Monday.

This information is known from Central Bank sources. Officials of the central bank said that the merger of Basic Bank with City Bank will be voluntary. With this, Basic Bank is merging with another bank as the second private sector bank.

It is known that this decision was taken in the meeting of Bangladesh Bank Governor Abdur Rauf Talukdar with City Bank Chairman Aziz Al Qaiser and Managing Director (MD) Masrur Arefin. Earlier on March 19, the board of City Bank recommended the merger of Basic Bank. Then the matter was discussed between the board of City and Basic Bank. Officials of the two banks discussed this among themselves. Even if the two banks are merged, they will report separate financials for the next three years


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