Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka TribuneFirst meeting of central bank in New Year to discuss approving three new banksIn the first meeting of Bangladesh Bank’s board of directors’ meeting, scheduled for Tuesday, discussion on approval of three new banks is to be the main agenda, according to central bank sources. The proposed three banks are Bengal Commercial Bank, People’s Bank and Citizen Bank. Last month, the central bank’s board had decided to issue a letter of intent (LoI) in favour of Bengal Commercial Bank. Executive Director of Bangladesh Bank Md Serajul Islam told the Dhaka Tribune on Monday that the board had found all the documents provided by Bengal Commercial Bank to be accurate. “When thetwo otherbanks (People’s Bank and Citizen Bank) will submit necessary documents to become eligible to receive LoI, their cases are expected to be considered,” he said.

Source: Dhaka Tribune January 07, 2019 16:07 UTC