BDBL approves merger with Sonali Bank

The BDBL board recently approved a proposal of merging with Sonali Bank, and subsequently sent a letter to the central bank regarding its interest to complete the process.

Two of the country’s debt-burdened state banks took the preliminary decision to merge on 3 April at the Bangladesh Bank headquarters in the capital. Sonali Bank had approved the proposal the very next day.

In December, BDBL's non-performing loans stood at Tk982 crore, which is 42.46% of disbursed loans.

At the same time, Sonali Bank’s bad loans were Tk13,150 crore, which was 14.1% of its total disbursed loans, Bangladesh Bank data showed.