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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 ...
The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. [ 7 ] [ 8 ] H. B. M. Iqbal is the Chairman [ 9 ] Mohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.
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.
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.
Prime Bank is the title sponsor of the 2013 edition of Bangladesh Premier League cricket tournament. [12] They are also the owners of Prime Bank Cricket Club . In July 2014, Anti-Corruption Commission sued eleven staff of the bank who had embezzled 926.5 million taka from customers using forged papers.
People gather to celebrate the fall of Bangladesh Prime Minister Sheikh Hasina in Dhaka on Aug. 5, 2024. ... Bank of America CEO: The Federal Reserve may have to respond to Trump. Finance.
On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited. The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018. [6] The Bank was officially listed on 4 November 2018. [7]
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]