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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.
Banking-Company Act, 1991; Specification (Supplementary) Act, 1991; Specification (Advance Granting) Act, 1991; Finance Act, 1991; Value Added Tax Act, 1991 [Repealed] Referendum Act, 1991; Specification (Advance Granting) Act, 1991; Presidential Election Act, 1991; Bangladesh Space Research and Remote Sensing Institutions Act, 1991; 1992
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. [4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. [4] [5] DBBL commenced formal operation from June 3, 1996.
A computer lab in Bangladesh. The information technology sector in Bangladesh had its beginnings in nuclear research during the 1960s. Over the next few decades, computer use increased at large Bangladeshi organizations, mostly with IBM mainframe computers. However, the sector only started to get substantial attention during the 1990s.
The number of Internet subscriptions in Bangladesh grew from 186,000 in 2000 to 617,300 in 2009. [4] However, only 0.4% of the population used the Internet in 2009 giving Bangladesh one of the lowest usage percentages in the world, ahead of only North Korea, Myanmar, and Sierra Leone. [5]
There are three types of financial markets in Bangladesh. They are: Money Market : Banks, Non-bank Financial Institutions, and Primary Dealers; Capital Market : Investment Banks, Credit Rating Companies, and Stock Exchanges; Foreign Exchange Market : Authorized Dealers.
Digital Bangladesh implies the broad use of computers, and embodies the modern philosophy of effective and useful use of technology in terms of implementing the promises in education, health, job placement and poverty reduction. The party underscored a changing attitude, positive thinking and innovative ideas for the successes of "Digital ...
It is a public limited company registered under the Companies Act of 1994 and regulated by Bank Company Act 1991. The bank is an Islamic bank, based on Islamic Sharia law forbidding usury. [6] In 2009, the bank changed their name from Social Investment Bank Limited to Social Islami Bank Limited. [7]