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With the decision of the Government, Bangladesh Development Bank Limited. (BDBL) was incorporated on 16 November 2009 as a Public Company Limited by shares under the Companies Act, 1994 by the amalgamation of former Bangladesh Shilpa Bank (BSB) and Bangladesh Shilpa Rin Sangstha (BSRS), two Development Financial Institutions (DFIs) in the public sector.
The government of Bangladesh announced a loan of 20 billion taka to be distributed to Karmasangsthan Bank, Palli Sanchay Bank, Palli Karma Sahayak Foundation, and Probashi Kallyan Bank. [17] Prime Minister Sheikh Hasina said the bank was providing interest free loans to unemployed youth to start businesses in May 2021. [18]
Bangladesh Krishi Bank asked for deposits from State owned enterprises. [23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka. [24] It received an appreciation letter for distributing loans from the Bangladesh Bank. [25] The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina ...
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
In 2020, the bank introduced Grain Stock Loan to provide finance to farmers facing difficulty in selling their produce during the COVID-19 pandemic in Bangladesh. The loans considers grain stock as collateral. [10] Palli Sanchay Bank had 34.45 billion taka in 2021 which was a decrease of 2.74 billion taka from 37.19 billion taka in 2020. [11 ...
Ansar-VDP Unnayan Bank is a specialized government owned bank in Bangladesh. [1] The bank was founded to provide financial services to the paramilitary Bangladesh Ansar and Village Defence Party. [2] [3] Major General AKM Nazmul Hasan is the chairman of this bank. [4] The bank has 259 branches across the country under 18 regions. [5]
Bangladesh Infrastructure Finance Fund Limited was established in 2011 with the Ministry of Finance being a shareholder. [1] It was created with the aim to invest in large infrastructure projects like power plants, roads, ports, etc. [4] On 11 March 2011, the company was incorporated with a paid up capital of 16 billion taka and obtained its license on 16 October from Bangladesh Bank.
BASIC Bank Limited is one of seven state owned banks in Bangladesh. [9] In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. [10] Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. [11]