"The challenge we have is to convince the shareholders. We want to merge through a true integration."
Commercial Bank already has a presence in Bangladesh after it acquired a former Credit Agricole lndosuez branch in 2003.
A 30 percent stake of Commercial Bank is held by DFCC Bank, but attempts to combine the operations through a complex holding structure fell through earlier.
Marrying Commercial
Both DFCC and NDB, were set up as development banks to give medium term capital to using state-guaranteed refinance from abroad has faced growth constraints with concessionary credit lines drying up.
After failing to consolidate with Commercial Bank, DFCC went ahead with buying up a small commercial bank.
NDB also acquired a foreign bank and later merged with it. However the bank does not have a large branch network to mobilize deposits unlike commercial bank.