Bangladesh's EXIM Bank Limited and Padma Bank Limited to merge, forming a single entity named EXIM Bank.
Bangladesh's EXIM Bank Limited and Padma Bank Limited are set to merge in the first voluntary merger in the country's banking sector. The merger aims to improve the financial stability of both banks, with Padma Bank facing financial difficulties despite state-owned investments. The new single entity will be named EXIM Bank, marking a significant step in Bangladesh's financial landscape.
March 14, 2024
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