4 SOCBs to be listed in capital market by Oct: Finance Minister

Finance Minister AHM Mustafa Kamal on Sunday said the government is planning to offload the shares of four state-owned commercial banks (SOCBs) by October in a bid to give a boost to the stock market.

“We’ll bring in four more state-owned commercial banks -- Bangladesh Development Bank Limited (BDBL), Agrani Bank Limited, Janata Bank Limited and Sonali Bank Limited -- into the capital market. Rupali Bank is already there and the offloading of its shares will be raised to 25 percent,” he said.

The Finance Minister came up with the information after a meeting with stakeholders of state-owned commercial banks at the Secretariat.

Kamal said the meeting decided to bring BDBL into the capital market first which will be followed by Agrani Bank, Janata Bank and lastly Sonali Bank.