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The President of the COUNCIL is the Honorable Governor of Bangladesh Bank. The Vice-President is the CEO & Managing Director of Sonali Bank PLC, the largest state-owned commercial bank operating in Bangladesh. The Chief Executive Officer/ Director General of IBB will be appointed by the COUNCIL for 02 (two) years on contractual basis.
Bangladesh Institute of Bank Management was established in 1974 to train officials of banks and financial institutions of Bangladesh. Since then, BIBM has extended its scope to include providing Masters in Bank Management (MBM) and Evening MBM (EMBM) degrees, carrying out research in banking and finance, holding seminars and round table discussions, and aiding financial institutions in their ...
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral. Grameen Bank is a statutory public authority.
The latest is the 51th branch of BDBL in Chitalmari Branch, Bagerhat. The bank's new branch, Amin Tower, 1st Floor, Upozilla Road, Chitalmari, Bagerhat, the 51th branch of Bangladesh Development Bank PLC (BDBL), was inaugurated in Chitalmari, Bagerhat on 16-01-2025.[1] Bangladesh Development Bank PLC (BDBL) operates its banking operations online.
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.
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]
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 ...
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.