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In 2011, ASA, together with Grameen Bank and BRAC, accounted for 62 per cent of Bangladesh's 18.5 million micro-borrowers and 69 per cent of the sector's gross loan portfolio. [17] At the industry level, overall average borrower numbers and portfolios have been rising steadily, ASA's active borrower accounts in 2008 and 2009 fell by 32 percent.
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.
In July 2009, Altaf Hossain Sarker was re-elected chairman of Dhaka Bank Limited. [3] Reshadur Rahman Shaheen was elected chairman of Dhaka Bank Limited in April 2010. [4] Bangladesh Bank refused to approve the reappointment of Mirza Abbas as director of Dhaka Bank in September 2015 after being absent in 11 out of 12 board meetings. [5]
Bangladesh Association of Banks was established in 1993 by nine private banks. The founding members were Al Baraka Bank Pakistan, AB Bank, The City Bank, IFIC Bank, National Bank Limited, United Commercial Bank Ltd, and Uttara Bank Limited. The first meeting was held on 12 December 1993 at the Hotel Sheraton (currently the InterContinental Dhaka).
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 ...
Bangladesh Bank Building is a high-rise building located in Dhaka, Bangladesh. It is located in Motijheel, the central business district. It rises to a height of 115 metres (377 ft) [1] and has 31 floors. It houses the headquarters of Bangladesh Bank. The building is one of the earliest high-rises in the city.
The group had taken the loans violating banking rules of Bangladesh. [26] Around same time large amount of deposits were withdrawn from the bank feeding into a liquidity shortage. [27] Bangladesh Bank appointed an observer to the bank and began an investigation into irregular loans worth 72.46 billion BDT.
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]