The government has decided to sell out 26pc shares of the bank for $128 million against the backdrop of increased government borrowing from banks amid a fund crisis for Annual Development Programme (ADP) implementation.

Privatisation of Rupali Bank is in the final stage and steps will be taken soon for corporatisation of four nationalised commercials banks. About the sale of Rupali Bank the government agreed to sell the banks 67 percent share to the Saudi prince for $330 million. Later, the buyer offered the government to buy another 26 percent share for $128 million. The government is considering the proposal positively.

The Bangladesh Banks in its recent economic policy statement also suggested the government to take immediate steps to sell Rupali Bank.