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As of 2017, Islamic banking, led by Islami Bank Bangladesh Ltd, controls 20% of deposits in Bangladesh. [12] Bangladesh operates the world's biggest Islamic microfinance scheme. [ 12 ] According to Bangladeshi government polling, Islamic banking has an overall approval rating of 84% among the country's population.
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 ...
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. [4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. [4] [5] DBBL commenced formal operation from June 3, 1996.
The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
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This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non-governmental organizations (NGOs) and discrete government programs. The informal sector includes private intermediaries which are completely unregulated.
The former governor of the central bank, Fakhruddin Ahmed, was appointed as the Chief Advisor and the cabinet was reshuffled with many technocrats. The military-backed caretaker government started an anti-corruption drive, which saw the arrest of over 160 politicians, businessmen and bureaucrats, including former prime ministers Khaleda Zia and ...
Bangladesh Bank Building in Motijheel commercial area, Dhaka. Bangladesh Bank (Bengali: বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green banking.