Today, Dutch-Bangla Bank Ltd (DBBL) announced its plans to invest in a digital bank and establish two subsidiaries. This strategic move aims to enhance the bank’s presence in the capital market and further expand its business.
DBBL has recently announced that its board has approved a groundbreaking plan to invest a substantial amount of Tk 12.5 crore in the highly-anticipated Digi10 Bank PLC. This remarkable move by DBBL involves joining forces with a consortium of 10 prominent banks. The bank will have 10 percent share in the proposed virtual bank.
Additionally, the private bank announced its board’s decision to establish a complete merchant bank named Dutch-Bangla Bank Investment Limited, with an intended paid-up capital of Tk 25 crore.
Furthermore, DBBL is planning to establish a brokerage house called Dutch-Bangla Bank Securities Limited. This new entity will serve as a stock dealer and broker.