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The Institute of Bankers was registered on the 6 February 1973 as an association under the Societies Registration Act, 1660 (Act No. XXI of 1660). [2] Before that some eminent bankers and other professionals decided, in a meeting held on 26 July 1972, to establish the institute as a professional body of banks and financial institutions in Bangladesh.
In 2021, Bangladesh Securities and Exchange Commission announced it is investigating Padma Bank following a complaint by Mohiuddin Khan Alamgir, founding chairman of the bank, and letter against him from the bank. [13] Bangladesh Securities and Exchange Commission approved Bashundhara Group's request to purchase a 25 percent stake in the ...
Bangladesh Bank Building in Motijheel commercial area, Dhaka. Bangladesh Bank (Bengali: বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green banking.
It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh. [20] It had the highest loss at 7.74 billion taka. [20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank. [20]
In September 2021, a special internal audit of NRB Bank found that the bank engaged in "unethical" investments in the stock marketing causing harm to both the bank, a loss of 1.03 billion taka, and the stock market. [13] [14] Bangladesh Bank finned the bank 4.9 million taka over the investments and market manipulation.
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The Bank maintained a capital adequacy ratio at 11.46 percent as on December 31, 2011, against requirement of 10 percent set by Bangladesh Bank. Credit Rating Information and Services Limited (CRISL) rated the Bank AA− (Double A Minus) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2010.
In June, the Bank had 19.54 billion BDT in bad loans accounting for 9.63 per cent of all loans of the bank. [20] In November, Bangladesh Bank appointed Md Shazzad Hossoin, an official of Bangladesh Bank, to one bank as an observer. [20] One Bank reduced their CEO pay following decline in profit in 2021. [21]