Dhaka, Bangladesh (BBN)– The central bank of Bangladesh is likely to issue licences to two more proposed commercial banks next week for taking preparations to start their businesses, officials said.
The two are Meghna Bank Limited and Midland Bank Limited.
“We’re now scrutinizing different documents of the proposed banks,” a senior official of the Bangladesh Bank (BB) said, adding that the central bank may issue licences to two banks as bank companies shortly.
The proposed banks earlier applied to the BB seeking licences as bank companies to start their businesses.
On the other hand, Modhumoti Bank Limited is likely to get clearance from the next meeting of the BB board of directors, scheduled to be held on April 10, for starting business on its compliance with all the pre-conditions.
“We’re now working to place a proposal of the Modhumoti Bank Limited at the next meeting for final clearance,” the BB official said.
The central bank will issue no-objection certificate (NOC) to the proposed bank once the BB board gives the final clearance, he added. Meanwhile, the proposed NRB Global Bank Limited has applied to the BB for licence after complying with the letter of intent (LoI).
“We’ve received documents from the proposed bank on March 25, six days before the deadline,” another BB official said. The BB board earlier allowed the bank to submit documents for complying with the requirements of the LoI by March 31 last.
“Our team is now conducting a pre-licence inspection on the NRB Commercial Bank Limited,” the central banker said while replying to a query.
He also said same inspections will be conducted on South Bangla Agriculture and Commerce Bank Limited and Union Bank Limited respectively before issuing operational licences.
The BB officials are checking different polices including risk management, internal control, staff regulations, treasury and credit for running the bank properly during the inspections, according to the BB officials.
BBN/SSR/AD-05Apr13-12:50 pm (BST)
