Tuesday, April 07, 2020, 06:50:42 AM

4 state-owned banks to join capital market by September

Staff Correspondent | banglanews24.com
Update: 2020-02-09 8:50:04 PM
4 state-owned banks to join capital market by September
Finance Minister AHM Mustafa Kamal

DHAKA: Finance Minister AHM Mustafa Kamal said the government decided to bring four more state-owned commercial banks (SOCBs) into the capital market by September.

“We’ll bring in four more state-owned commercial banks–BDBL, Agrani Bank Ltd, Janata Bank Ltd and Sonali Bank Ltd– into the capital market. Rupali Bank is already there and its offloading of shares will be raised to 25 percent (from existing 9.91pc). It could take place in one go or in two phases subject to the demand of the market,” he said.

The Finance Minister was briefing reporters after chairing a meeting on offloading of shares by the SOCBs held at the Finance Division conference room at Bangladesh secretariat here today.

Bangladesh Bank Governor Fazle Kabir, Financial Institutions Division Secretary Md Ashadul Islam, Finance Division Secretary Abdur Rauf Talukder, Chairman of the Bangladesh Securities and Exchange Commission (BSEC) Md Khairul Hossain, Chief Executives of the four state-owned commercial banks, among others, attended the meeting.

BDST: 2050 HRS, FEB 9, 2020

AH/SMS

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