BM Desk:

Exim Bank and Padma Bank have signed a memorandum of understanding (MoU) to merge on Monday. This MoU has been signed in a program at Bangladesh Bank in accordance with the Bangladesh Bank’s vision for more integration and dynamism in the banking sector of Bangladesh.

Bangladesh Bank Governor Abdur Rouf Talukdar was present as the chief guest in the program. In the presence of Exim Bank Chairman Nazrul Islam Majumdar and Padma Bank Acting Chairman Afzal Karim, the MoU was signed by Exim Bank Managing Director Feroz Hossain and Padma Bank Managing Director Tarek Riaz Khan.

Bangladesh Bank Governor Abdur Rouf Talukder and the chairmen of both banks said in their speech that customers are the life of the bank and their interests will be given priority. Therefore, as a result of the merger, the customers, depositors, shareholders and employees of the two banks will be safe fully.

Bangladesh Bank Deputy Governors Kazi Sayedur Rahman, Nurun Nahar, Khurshid Alam, and Dr. Habibur Rahman, managing directors of Janata Bank, Agrani Bank, Rupali Bank, and Investment Corporation of Bangladesh, executives of various departments of Bangladesh Bank as well as senior executives from Exim Bank and Padma Bank also were present in the program.