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National Bank to be merged with UCBL

 VB  Desk

VB Desk

National Bank Limited is set to be merged with United Commercial Bank Limited.

The decision came at a meeting of the stakeholders on Tuesday (9 April), officials of both banks confirmed.

Bangladesh Bank Governor Abdur Rauf Talukdar chaired the meeting.

National Bank's paid-up capital is Tk3,219 crore and its shares closed at Tk6.90 each on Tuesday at the Dhaka Stock Exchange.

UCB's paid-up capital is Tk1,476 crore and its shares closed at Tk11.40 each on Tuesday at the Dhaka Stock Exchange.

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