IFIC Bank the two state-owned financial institutions and private are going to get recapitalization funds in the revised budget, official sources said.

At present, a total of Tk2,000 crore has been allocated for recapitalization of the state-run banks.

They said only Tk1,365.50 crore is left for recapitalization which is likely to be disbursed among seven state-owned banks suffering capital shortfalls, including BASIC Bank and Sonali Bank.

Probashi Kallyan Bank will get Tk250 crore while Bangladesh House Building Finance Corporation will be given Tk200 crore.

At present, a total of Tk2,000 crore has been allocated for recapitalization of the state-run banks.

Finance ministry will provide Tk184.65 crore for the IFIC as the private commercial bank earlier decided to increase paid-up capital through issuance of rights share after considering bonus shares for stock dividend.

The bank will issue one right share against one existing share at a price of Tk10 each on paid-up capital after considering bonus shares for stock dividend.

The IFIC Bank was listed on the Dhaka Stock Exchange in 1986. The bank belongs to the “A” category.

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