Deal on Oriental share transfer by Feb end

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FE Report
The name of preferred bidder for purchasing the shares of troubled Oriental Bank Limited will be announced Thursday next, officials said.
"We are working on the completion of the entire process through signing a sale and purchase agreement (SPA) by February 28 next," a senior official of the BB told the FE Monday.
He also said a high-profile team of the ICB Financial Group Holdings is likely to arrive in Dhaka shortly to finalise all official procedurals for inking the SPA.
The Swiss-based ICB Financial Group has emerged as the highest bidder for over 50 per cent shares of the bank. It has offered Tk 3.506 billion for the shares.
The Financial Group Holdings AG is a holding company for several banks operating in Eastern Europe, Africa and Indonesia.
The Shariah-based private commercial bank that suffered a severe financial crisis was taken over by the central bank on June 19, 2006 to protect the depositors' interest. The central bank then appointed an administrator to run the bank temporarily.