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BDBL gives Tk10cr as dividend for FY15

Update : 08 Feb 2016, 06:46 PM

Finance Minister AMA Muhith said the government was facing difficulties to run large state-owned banks although small and specialised banks and financial institutions were “doing well”.

He was talking to journalists at a function organised to hand over dividends of the state-run specialsied bank - Bangladesh Development Bank Ltd to government at the Finance Division auditorium in Dhaka yesterday. 

Bank Division Secretary M Aslam Alam,  BDBL Chairman of Board of Directors Md Yeasin Ali and Managing Director Md Zillur Rahman also attended the event.

After receiving a Tk10 crore dividend from BDBL for the fiscal year 2014-15, finance minister said BDBL deposited small amount of fund to the government exchequer as dividend when the financial state of the big state-run banks were bad and more public funds were being given to big state-run banks to improve their financial condition.

BDBL is a state-owned specialised development bank of Bangladesh. The bank came into effect with the merger of ailing Shilpa Bank and Shilpa Rin Sangstha, which were established in 1972 to provide loans and facilities to industrial units, help set up new industries and expand investment in Bangladesh. 

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