Three existing nationalized commercial banks (NCBs)- Sonali Bank, Janata Bank and Agrani Bank, will go for divestment as suggested by the International Monetary Fund (IMF).
The suggestion by IMF came in the wake of decision by Cabinet Committee on Economic Affairs to divest a major part of the Government's equity in Rupali Bank to a wealthy Saudi prince.
Furthermore, the multilateral donor agency has also suggested the Government to sell off the jute and textile mills - that have long been closed - as well as the non-profitable ones.
The suggestion was made during a meeting between a visiting IMF delegation and the Privatisation Commission (PC) at the office of the PC Chairman Enam Ahmed Chowdhury.
The Commission received the highest accolades from the IMF for its efficient handling of selling process of Rupali Bank.
The IMF mission would also help Government to privatize the national flag carrier, the Biman, if Government so decides.
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