Dhaka, Oct. 31 -- United Commercial Bank (UCB) has ruled out any discussion regarding a possible merger, saying that no such initiative is under consideration by either Bangladesh Bank (BB) or the bank itself.

The country's first-generation private commercial bank (PCB) also reaffirmed that there is no merger issue involving UCB on the central bank's agenda.

"Any suggestion of a potential merger involving UCB is entirely incorrect," the bank said in a clarification on a news report under the headline 'Next IMF loan tranche uncertain for unfinished banking reforms, published by The Financial Express on its October 29 issue.

The ongoing merger discussions within the banking sector pertain to a few other institutions, as has been well-doc...