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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 ...
Martell is a cognac house founded in 1715 by Jean Martell. It is the oldest of the "big four" cognac houses (the others are Hennessy , Rémy Martin and Courvoisier ), who together produce most of the world's cognac. [ 1 ]
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.
It was established by Vanik Incorporation Limited of Sri Lanka with Bangladesh partners. [8] Sampath Bank and Chinkara Capital (Singapore) Pte Ltd were partners in the venture as well. [8] In September 2007, Bangladesh Bank warned One Bank Limited for hiring a former managing director of the bank as a consultant violating banking rules. [9]
Bangladesh Bank provided a letter of intent to Bengal Commercial Bank Limited in February 2019 along with two other banks, Community Bank Bangladesh and Citizens Bank PLC. [3] [4] Bengal Commercial Bank Limited was established on 23 February 2020 by the Bengal Group of Industries. [5] [6] The Bank was originally called Bengal Bank. [6]
In February 2005, the chairman of the bank, Abu Zafar Chowdhury, defended the bank from Bangladesh Bank which questioned the use of bank in the name of Dhaka Mercantile Co-Operative Bank Limited. [6] On 11 July 2007, Group Captain Abu Zafar Chowdhury was re-elected chairman of Dhaka Mercantile Co-Operative Bank Limited. [7]
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.
Ansar-VDP Unnayan Bank is a specialized government owned bank in Bangladesh. [1] The bank was founded to provide financial services to the paramilitary Bangladesh Ansar and Village Defence Party. [2] [3] Major General AKM Nazmul Hasan is the chairman of this bank. [4] The bank has 259 branches across the country under 18 regions. [5]