Photo: Collected
The Exim Bank has decided to merge with the Padma Bank Limited to form a single entity, a source at the bank's board meeting confirmed.
"We already finalised the draft of the MoU that will be signed on Monday (18 March) in the presence of the Bangladesh Bank governor," said Nazrul Islam Majumder, chairman of Exim Bank.
This will be the first voluntary merger in the country. While there were mergers before, this will be the first voluntary merger.
The decision was made this morning at the Exim bank's board meeting, where it was also decided that a
The Padma Bank name will no longer exist. The new single entity's name will be Exim Bank.
Messenger/Mumu
