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Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance specialized community development bank founded in Bangladesh. [ 4 ] [ 5 ] It provides small loans (known as microcredit or "grameencredit") [ 6 ] to the impoverished without requiring collateral .
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.
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. [ 3] and financial inclusion policy and is an important member of the Alliance for Financial ...
The Bangladeshi passport is an ICAO compliant, machine-readable and biometric e-passport issued for the purpose of travel to foreign countries by the passport holder. Bangladesh is the first country in South Asia to issue e-passports for all eligible citizens. The passport booklet is manufactured, printed and issued by the Department of ...
As a consequence, Islami Bank Bangladesh Limited, the first shari'ah compliant bank in Bangladesh started operations on 30 March 1983. [11] It was founded by Saudi and Kuwaiti investors who provided 70 per cent of the initial capital. [6] [11] It is a public limited company registered under the Indian Companies Act of 1913. IBBL is a joint ...
BRAC Bank PLC [4] is a private commercial bank in Bangladesh, founded in 2001. The bank is a subsidiary of BRAC, a leading development organization in the country. BRAC Bank is known for its focus on small and medium-sized enterprises (SMEs). [5] The bank has a network of over 187 branches, 457 SME unit offices, and over 329 ATMs, 10 CDMs, 68 ...
Bangladesh Saving Certificates- This five year saving scheme provides return of around 12.2% at maturity with varying degree of returns for premature withdrawal depending on the duration of investment. Maximum allowable investment in this scheme is capped to Tk 30,00,000/- for individual investors and Tk 60,00,000/- for joint investors.
Bangladesh Bank approved the license application of the Bank in October 2018. The Bank was officially listed on 4 November 2018. [7] Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited , and People's Bank Limited. [8]