The Central Bank (BDL) will allow banks to increase the number of branches to three per year, up from two currently, provided that at least one of the new branches uses modern technology, according to BDL's intermediate circular 467.
BDL said it may even allow a bank to exceed the three-branch-a-year ceiling if it finds a good reason for that, especially if the bank plans to open branches outside big cities.
The Central Bank has also issued another intermediate circular, numbered 4...
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