Bangladesh Bank’s board of directors’ meeting, which was slated to be the first meeting of the New Year on Tuesday, has been postponed as many directors were unavailable for the meeting.
The board meeting had an agenda on approving three proposed new banks.
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. Now, it depends solely on the board to finally approve the new bank.
“When the two other banks (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.
