Six SB, BKB branches facing axe in CHT

Six loss-making branches of Sonali Bank and Bangladesh Krishi Bank (BKB) are facing axe in Chittagong hill tracts.

The branches are running with acute shortage of clients, making approximately annual loss of Tk five lakh each, according to official sources.

The Sonali Bank branches likely to be shut down include Jurachhari, Bilaichhari and Borkol in Rangamati district and Lakshmichhari in Khagrachhari district. The BKB branches are bank Borkol and Jurachari in Rangamati, according to officials.

In November last year, higher authorities conveyed the decision to the regional principal offices of the banks that the branches would be closed down unless they made profit.

The branch of BKB at Kaptai is also failing to run satisfactory, Mujibur Rahman, BKB assistant general manager (AGM) in Rangamati, said.

The branches of the banks were opened in the CHT during the Ershad regime.