United Commercial Bank is bearing the burden of losing concern National Bank, in line with banking sector reform.
The official announcement of the UCB-National merger will come after the Eid holidays.
United Commercial Bank is going to take over the responsibility of National Bank, which is sinking under the burden of bad governance and defaulted loans.
These two privately owned banks are being merged. According to the data of Bangladesh Bank, 29 percent of the loans of the National Bank, which is in crisis of family dominance and good governance, are in default.
According to the latest report published by the Central Bank, the amount of defaulted loans of the National Bank is about a quarter of 12 thousand crores.
Along with this, the amount of provision or safety reserve deficit of the bank is about 12 thousand crores.
On the other hand, the amount of loan forgiven by UCB is about Tk 50 thousand crores.