Dhaka, Bangladesh (BBN)-Bangladesh Bank (BB) has approved one more scheduled bank –Shimanta Bank– aiming to help Border Guard Bangladesh (BGB) members through providing financial supports, officials said.
The decision came at a meeting of the BB’s board of directors, held at Habiganj district on Friday, with BB Governor Atiur Rahman in the chair.
“The BB board has decided to issue letters of intent (LoI) to Shimanta Bank,” SK Sur Chowdhury, deputy governor of BB, told BBN from Habiganj over phone.
The central bank will issue licenses to Shimanta Bank after comply with all conditionalities properly, another BB official explained.
The authorities concerned of the approved scheduled bank will have to deposit the amount of paid-up capital worth BDT 4.0 billion with the central bank, before starting its operation, the central banker added.
The main objective of the bank is to provide easy-term loan to the BGB members for better livelihood, housing, pension scheme, agriculture loan, marriage loan and medical purposes.
Currently, a total of 56 commercial banks are in operation in Bangladesh.