Bangladeshi expats intend to purchase Oriental Bank
Star Business Report
International Expatriate Welfare Society (IEWS), a forum for expatriate Bangladeshis in around 30 countries in the world, has expressed its intent to buy the troubled Oriental Bank. The officials of Dhaka branch of IEWS met with Board of Investment (BoI) Executive Chairman Nazrul Islam at his office recently and placed the proposal to buy it, which turned a problem bank following massive irregularities and liquidity crisis, a BoI handout said. The expression of intent came following an investment campaign by the BoI officials in different countries, including Canada and the UK. Considering the gravity of the proposal, the BoI chairman has apprised also the Chief Adviser of the proposal.
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