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The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like banks, non-bank financial institutions (FIs), insurance companies, capital market Intermediaries like brokerage houses, merchant banks etc.; micro finance institutions (MFIs).
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that is not legally a bank; it does not have a full banking license or is not supervised by a national or international banking regulatory agency.
Non-bank financial institutions (NBFIs), known as financial institutions (FIs), are those types of financial institutions that are regulated under the Financial Institution Act, of 1993 and controlled by Bangladesh Bank. Now, 34 FIs operate in Bangladesh while the maiden one was established in 1981.
(also known as DBH) is a private sector non-bank financial institution in Bangladesh. It is a public limited company listed in Dhaka Stock Exchange and Chittagong Stock Exchange. It was established in 1996 by an international joint venture [1] and started its operation in 1997. DBH specialises in real estate finance and is the largest ...
IDLC was established in 1985 by the initiation of IFC of the World Bank. [9] The company was formed via collaboration of International Finance Corporation, German Investment and Development Company, Korea Development Financing Corporation, Aga Khan Fund for Economic Development, Kookmin Bank, IPDC Finance Limited of Bangladesh and Sadharan Bima Corporation.
Bangladesh Finance and Investment Company Limited, also known as BD Finance or Bangladesh Finance Limited, is a non-bank financial institution in Bangladesh. [1] [2] Manwar Hossain is the chairman Bangladesh Finance and Investment Company Limited and Md Kyser Hamid is the CEO and managing director. [3]
Among them, 335 microcredit institutions have been licensed until September 2008. Applications by 438 institutions could not be considered. 2,599 small institutions are advised to fulfil minimum criteria of obtaining a licence (either minimum balance of outstanding loan at field level BD taka four million or minimum borrower 1,000) within June ...
Bangladesh Industrial Finance Company Limited is a major non-bank financial institution in Bangladesh. In 2021 the company got into financial trouble due to embezzlement by its former chairman Abdul Mannan. [2] The company had given large loans that were not performing to Sunman Group subsidiaries, owned by Abdul Mannan. [3]