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The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security. It has 133 branches. [ 1 ] The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh.
Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
However, recently Bangladesh has seen growth in internet usage. Due to government various initiatives known as a2i project (open Hotspot zone, government offices with internet facility, Reduce bandwidth price etc.) have impacted the growth of users. [10] As of April 2019, internet subscribers have reached 93.702 million users. [1]
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 ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
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The city corporation government is elected by popular vote every five years. Each city corporation is headed by a mayor, who presides over the councillors. The City Corporations operates under the provisions of The City Corporation act, 2009. There are 12 city corporations in Bangladesh. [1] Two of them are present in the capital Dhaka.
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