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South Bangla Agriculture and Commerce Bank Public Limited Company (SBACBPLC) is a private commercial bank headquartered in Dhaka, Bangladesh. [1] It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. [2] The bank has network of 88 branches and 25 sub-branches around the ...
As of 2019, Sylhet's per capita GDP is $3,050 in nominal terms and 6,250 in purchasing power parity terms, which is the second highest in Bangladesh. [citation needed] According to the World Bank, Sylhet and Chittagong have the lowest incidence of poverty in Bangladesh. [3]
S. Alam Group bought 50 per cent of the shares of Social Islami Bank Limited through 19 subsidiaries violating the Banking Company Act, 1991 in the process in 2017 achieving a hostile takeover. [1] The same year the company took over Islami Bank Bangladesh Ltd and appointed Arastoo Khan chairman. [ 13 ]
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, [1] was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh ...
The Bangladesh Today is a daily newspaper in Bangladesh, published from Dhaka in English language. [1] It started on 26 January 2002. The current circulation of this newspaper is 22,500.
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.
M Amanullah was elected chairman of Mercantile Bank. [11] Bangladesh Bank appointed an observer to Mercantile Bank in November 2014. [12] In January 2016, Kazi Masihur Rahman was appointed managing director of Mercantile Bank. [13] Bangladesh Bank investigation in February 2018 found that the bank violated rules regarding cash incentive for ...
There are 166 tea estates in Bangladesh, covering almost 280,000 acres of land. Bangladesh is the 9th largest Tea producer, producing around 2% of the world’s Tea production. Because of Bangladesh's fertile soil and normally ample water supply, rice can be grown and harvested three times a year in many areas. [3]