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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.
The bank currently provides a diverse range of services, categorized as follows: 1. Commercial Banking 2. Foreign Trade The bank offers comprehensive foreign trade financing solutions, including: - Export Cash Credit - Packing Credit - Purchase of Documentary Bills (Local and Foreign) - Payment Against Bills - Import Trade Loans - Loans Against Trust Receipts - Foreign Exchange Business ...
Meghna Bank PLC. is a fourth-generation bank headquartered in Gulshan, Dhaka, Bangladesh. Established on May 9, 2013, [ 2 ] by entrepreneur and politician H. N. Ashequr Rahman , the bank has been in operation for a decade.
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 December 1971. Other than Bangladesh Bank, banks in Bangladesh are primarily categorized into two types: Scheduled ...
In June 2021, IFIC Bank announced plans to raise 10 billion BDT from perpetual bonds, nine billion BDT from private placement, and one billion BDT by public offer to meet the requirements of BASEL-III. [18] IFIC Bank announced plans to divest from Nepal Bangladesh Bank and sell its share, 40 per cent, in the bank to Nabil Bank in January 2022. [5]
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [2]It includes functions for universal banking, core banking, payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
BASIC Bank Limited was established on 2 August 1988 began operations from 21 January 1989. [3] It was owned by BCC Foundation, which owned 70 percent of the shares, and the government of Bangladesh, which owned the remaining 30 percent of the shares. [3]
It is the new version of the previously introduced Postal Cash Card and Electronic Money Transfer System (EMTS) of the Bangladesh Post Office. [4] Its headquarters is located at 36 Kemal Ataturk Avenue, Banani, Dhaka — 1213, Bangladesh. [5] Nagad is the first digital bank in the country. [6]