Staff Reporter
Switzerland-based ICB Financial Group Holdings AG has been declared qualified for purchasing more than 50 per cent share of the problem-ridden Oriental Bank Limited.
Bangladesh Bank yesterday announced the ICB Financial Group Holdings AG as the “preferred bidder” and apprised the bid winner of their becoming qualified.
“ICB Financial Group Holdings AG will have to deposit the offered money to Bangladesh Bank before signing a sale and purchase agreement (SPA), scheduled on February 28,” Bangladesh Bank Deputy Governor Murshid Kuli Khan told reporters after the announcement. [Read more]
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