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Bangladesh Association of Banks was established in 1993 by nine private banks. The founding members were Al Baraka Bank Pakistan, AB Bank, The City Bank, IFIC Bank, National Bank Limited, United Commercial Bank Ltd, and Uttara Bank Limited. The first meeting was held on 12 December 1993 at the Hotel Sheraton (currently the InterContinental Dhaka).
In 2015, the bank became one of two local partners of Life Insurance Corporation of India in Bangladesh. [10] The Daily Star 15th Bangladesh Business Awards described the bank as "one of the best-run banks in Bangladesh". [11] Anis A Khan was re-appointed managing director of Mutual Trust Bank Limited in 2015 for a four year term. [8]
Islami Bank Bangladesh Ltd: Financials Banks Dhaka: 1983 Private bank P A Jaaz Multimedia: Consumer services Broadcasting & entertainment Dhaka: 2011 P A Jaijaidin: Consumer services Publishing Dhaka: 2006 Newspaper P A Jamuna Bank: Financials Banks Dhaka: 2001 Private commercial bank P A Jamuna Group: Conglomerates - Dhaka: 1974
Bangladesh Telecommunication Company Limited recovered 350 million taka from The Farmers Bank Limited on 1 November 2017 after the bank refused twice to allow them access to the funds. [8] The Bank sought support from Bangladesh Bank due to a liquidity crisis. [8] Bangladesh Bank refused to help until there was a change in the board of ...
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]
City Bank PLC is a Bangladeshi private commercial bank headquartered in Dhaka. [3] The bank provides products and services in retail banking, corporate finance, SME finance, digital banking, asset management, equity brokerage, and securities.
In 2015, Bangladesh Anti-Corruption Commission sued Bismillah Group’s Managing Director Khaza Solaiman Anwar Chowdhury for embezzling 1.1 billion Taka from Shahjalal Islami Bank Limited and 14 others including four employees of the bank. [8] In June, AK Azad, chairman of Ha-Meem Group, was elected chairman of Shahjalal Islami Bank. [9]
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.