Today, Sonali and BDBL signed an agreement at the Bangladesh Bank. This happened because the state-run bank got permission from its board last month to merge with Sonali Bank, the biggest bank in Bangladesh.
At the event, important people like Bangladesh Bank Governor Abdur Rouf Talukder, Sonali Bank Chairman Ziaul Hasan Siddiqui, its Managing Director and CEO Md Afzal Karim, BDBL Chairman Shamima Nargis, and its Managing Director Md Habibur Rahman Gazi were present. Ziaul Hasan Siddiqui said they carefully looked at the agreement before signing it.
“We decided by ourselves and without any pressure. Then we told the Bangladesh Bank governor that we want to merge with BDBL.”
In 2009, Bangladesh Shilpa Bank and Bangladesh Shilpa Rin Sangstha merged to make BDBL. But BDBL still has a problem with a lot of loans not being paid back.
In December, BDBL’s unpaid loans were Tk 982 crore, which was 42.46 percent of all the loans given out.
On the other hand, Sonali had loans of Tk 93,096 crore by December 2023.
Of that, Tk 13,150 crore wasn’t paid back, which was 14.1 percent of all the loans given out, according to Bangladesh Bank data.
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