Friday, October 3, 2008

Sri Lanka's National Development Bank To Start Business in Bangladesh


The National Development Bank of Sri Lanka To Setup Business in Bangladesh

Sri Lanka's National Development Bank has received approval to establish an investment bank in Bangladesh, media reports said Friday.

In a stock exchange filing, NDB said it had got approval from the Central Bank of Sri Lanka, and was now awaiting approval from the finance ministry and regulatory authorities in Sri Lanka including the Controller of Exchange, as well as Bangladeshi authorities.

The bank's statement to the stock exchange said it had already carried out a feasibility study on operating an investment bank in Bangladesh, with the objective of having a majority shareholding.

NDB has also been negotiating with a prospective investee company and its shareholders, it said.

The statement said the transaction will take place after it gets the required approvals and completes the terms and conditions of a joint venture agreement between NDB, the prospective investee company and its shareholders.

The National Development Bank is the third Sri Lankan bank to set up business in Bangladesh, after Commercial Bank and Sampath Bank.

0 comments:

Other Posts

Labels / Category

2013 (1) 3G (4) Adsense (2) AKTEL (2) Amateur Radio (3) APNIC (5) Bajaj Discovery (1) Bajaj Pulsar (1) Bangla News (5) Bangladesh (29) Bangladesh Computer Market (1) Bangladesh Cricket (2) Bangladesh earthquake (3) Bangladesh Educational Board (1) Bangladesh Energy (4) Bangladesh ICT (15) Bangladesh Internet Service (15) Bangladeshi Credit Card (3) Bangladeshi News Site (3) Bank in Bangladesh (7) Bank of Bangladesh (10) Banking in Bangladesh (10) BGMEA Bulding (1) Big File Download (3) blackhat (1) BLOG (6) Bogon (3) bot (2) BTCL (3) BTRC (14) BTTB Internet (10) BTTB Submarine Cable (9) Byke Hijack (1) Cacti (1) Call Block (1) Carbon Credit (1) CentOs (2) CentOs Bangladesh (2) Charity (2) Chrome (2) Computer Booting (1) Credit Card (10) Credit Card in Bangladesh (8) Crime (3) CyberCrime (11) Cyclon (1) DDoS (8) Dengue (1) Denmark (1) Dhaka earthquake (5) DNS (3) DNSSEC (2) Domain (9) DoS (4) dot bd domain (3) Dot CO.CC (2) Download (4) Drive not opening on click (1) DV Lottery 2010 (2) E-Learning (1) earthquake (5) EARTHQUAKE BANGLADESH (2) EARTHQUAKE DHAKA (2) earthquake in Bangladesh (5) earthquake in Dhaka (5) Email (7) Email Full Header (3) Email Sender Identify (4) Entertainment (2) Fake Email Sender (5) Firefox (8) FTP (1) Funny (4) GMail (4) Google (18) GPRS Settings (1) GrameenPhone (1) HAM (4) Health (3) Hobby (1) IGW (3) IIG (3) India (1) Indian ICT (1) Indian IT (1) Internet (19) Internet Mail (1) Internet Security (9) iPhone (3) iPhone Bangla (2) iPhone Bangladesh (2) iPhone in Dhaka (2) iPod (1) IPv4 Allocation (8) ipv6 (10) islam (4) ISOC (3) Linux Articles (6) Metal News (1) Microsoft (4) Microsoft buy Yahoo (1) Mirror Server (1) Mobile Phone (3) Mobile Phone Internet (1) Mobile Phone News (3) Mobile Phone Operator (6) Mobile Phone User (3) Mozilla (8) Mozilla Firefox (8) Myself (1) Mystery (1) Netcraft (4) Network Monitoring (4) neverBot (2) News Site (1) Nokia (3) Oil Price (2) Online Security (7) Paypal in Bangladesh (6) Personal View (1) Phishing (2) Pigeons (1) Postfix (7) PSTN (2) RANGS Bulding (1) Relay Host (2) robot.txt (1) robots.txt (2) Scour (2) Scour.com (2) Second submarine cable (3) Sendmail (4) Share Market (4) Smart Relay (3) SSC Result (1) SSC Result 2008 (1) Stock Market (3) Technology (1) Ubuntu (4) UCB (5) UCBL (5) URL Redirect (2) Virus (3) Virus Infected Windows (3) Virus Information (3) Warid (2) Web Spider (3) Webhosting (6) Wimax (4) Windows (1) Windows Problems (1) Wireless Internet in Bangladesh (5) Yahoo (4) Yahoo Sold (1)

Share it