Bangladesh Bank is scrutinising CIB (Credit Information Bureau) reports on the sponsor directors of the new five banks awaiting final clearance from the central bank for starting operation, BB sources said.

At the same time, the National Board of Revenue (NBR) is examining whether taxes are paid of Tk 4 billion deposited by each bank with BB as paid-up capital for having the licence.

The five banks are South Bangla Agricultural and Commerce Bank (SM Amzad Hossain), Midland Bank (M Moniruzzaman Khandker), Union Bank (former President H M Ershad), Meghna Bank (H N Ashiqur Rahman MP) and NRB Bank (Farasat Ali).

A senior BB official told BSS the central bank has been investigating whether there is any default loan in the name of sponsor directors.

News: The Daily Sun/Bangladesh/5th-Dec-12