Executive Director and Spokesman for Bangladesh Bank (BB), Mezbaul Haque, announced today that the regulator intends to combine ten banks in less than a year.
“Following the merger, the weak bank can become the strong bank while strong banks can be stronger banks,” he told reporters in a press briefing at BB headquarters in the city.
According to Mezbaul Haque, BB’s numerous departments routinely evaluate various elements for financial risk management.
However, he went on, it is not a true health indicator.
He said, “We developed a Prompt Corrective Action (PCA) framework to classify banks. As a result, banks will be evaluated in four categories. This will be done based on the balance sheet of 2024. It will be implemented from May 2025.”
