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The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector. [2]
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", [3] since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.
In 2009, United Commercial Bank signed a contract with the Bangladesh Cricket Board to become the official sponsor of the Bangladesh national cricket team. [34] In September 2015, United Commercial Bank launched a new logo, designed by Rafiqun Nabi and Mustafa Manwar. [35] Mobile financial service (MFS), Ucash, was introduced in 2013. [36]
The bank was placed under the East Pakistan provincial co-operatives ministry in Dhaka and renamed East Pakistan Provincial Co-operative Bank Ltd on 31 March 1948. [2] It was renamed Bangladesh Jatiya Samabaya Bank Ltd after the independence of Bangladesh. [2] It was renamed to Bangladesh Samabaya Bank Ltd in 1977. [3]
bKash started in 2011 as a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, United States of America. In April 2013, International Finance Corporation (IFC), a member of the World Bank Group, became an equity partner, in March 2014, Bill & Melinda Gates Foundation became an investor in the company, [10] and in April 2018 Ant Financial, the operators of Alipay (an ...
Rupali Bank PLC. (Bengali: রূপালী ব্যাংক পিএলসি.) is a state owned commercial bank in Bangladesh. [1] Its headquarters is in 34 Dilkusha, Dhaka. [2] Md. Nazrul Huda is the chairman of the bank. [3] Kazi Md. Wahidul Islam is the managing director of the bank. [4]
Bangladesh Bank appointed an observer to the bank and began an investigation into irregular loans worth 72.46 billion BDT. [ 28 ] [ 29 ] In December, Justices Md Nazrul Islam Talukder and Khizir Hayat Lizu of the High Court Division ordered an investigation into the irregular loans at Islami Bank and sought an explanation from S. Alam Group on ...