UCB to form a subsidiary | The Daily Star
12:00 AM, November 20, 2018 / LAST MODIFIED: 12:10 AM, November 20, 2018

NEWS IN brief

UCB to form a subsidiary

United Commercial Bank has decided to form a subsidiary to provide mobile financial services (MFS). The initial authorised and paid-up capital company will be Tk 500 crore and Tk 50 crore respectively. The bank will hold at least 51 percent stakes in the subsidiary while the rest will be offered to national or international MFS providers.

 

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