A central bank official said the four state-owned banks and the ICB will buy Farmers Bank shares for Tk 7.15 billion. The four banks will pay Tk 1.65 billion each and the ICB will account for Tk 550 million of the fund. Its authorised capital is Tk 15 billion and paid-up capital Tk 4.01 billion. The bank is trying to increase its paid-up capital to Tk 15 billion. The government report said the Farmers Bank situation put Bangladesh’s entire financial sector at risk.

Source: bd News24 May 08, 2018 14:15 UTC