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BANGLADESH'S STATE-OWNED SONALI, JANATA, AGRANI BANKS TURN INTO PLCs.

Publication: AsiaPulse News
Publication Date: 16-NOV-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DHAKA, Nov 16 Asia Pulse - State-owned Sonali, Janata and Agrani banks formally emerged as Public Limited Company (PLC) with the signing of separate vendor agreements to this effect Thursday.

The nationalised commercial banks (NCBs), after necessary gazette notification, will be operated by independent management and Board of Directors in accordance with the Banking Companies Act of 1994.

Having 100 per cent share of the PLCs, the...

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