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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 ...
Dhaka Mercantile Co-Operative Bank Limited had 9.81 billion BDT in deposits and 10.79 billion BDT in loans. [3] Dhaka Mercantile Co-Operative Bank Limited was using the word bank in its name violating the Co-operative Societies (Amendment) Act, 2013 through securing an injunction from Bangladesh High Court. [3]
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.
BASIC Bank Limited is one of seven state owned banks in Bangladesh. [9] In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. [10] Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. [11]
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]
A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures ...
In March 2024, The EXIM Bank and Padma Bank signed a MoU at the Bangladesh Bank (BB) headquarters, under which the EXIM Bank will 'take over' the Padma Bank. [30] It is learnt that after the merger it will operate under the name EXIM Bank. [31] [32] However on 24 December 2024, EXIM Bank and Padma Bank called off planned merger. [33]
Ansar-VDP Unnayan Bank is a specialized government owned bank in Bangladesh. [1] The bank was founded to provide financial services to the paramilitary Bangladesh Ansar and Village Defence Party. [2] [3] Major General AKM Nazmul Hasan is the chairman of this bank. [4] The bank has 259 branches across the country under 18 regions. [5]