Bangladesh, July 24 -- Pubali Bank is set to acquire a five-star hotel, being constructed by Bengal Group in the capital, for Tk 8.0 billion as it plans to establish its new corporate headquarters there.

Advertisement The decision was disclosed through a price-sensitive information (PSI) notice approved by the bank's board of directors and published on Thursday.

According to the disclosure, the bank has decided to purchase a 95.10-decimal plot along with the 26-storey under-construction building, including three basement floors, known as Swiss Tower.

It is located at 208 Bir Uttam Mir Shawkat Sarak (Tejgaon Link Road).

Mohammad Ali, managing director and CEO of the bank, has confirmed to The Financial Express that they have completed...