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In April 2024, the central bank of Bangladesh issued banking merger policy for merger of weak banks with strong banks – both voluntary and mandatory. [2] Following merger process are ongoing: [3] Padma Bank Limited merged with EXIM Bank PLC; National Bank Limited did not merge with United Commercial Bank PLC; BASIC Bank PLC merged with City ...
Eastern Bank PLC. (Bengali: ইস্টার্ণ ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh.[1] [2] [3] It was established on 8 August 1992, as a public limited company with limited liability under the Bank Companies Act of 1991.
In 2015, the bank became one of two local partners of Life Insurance Corporation of India in Bangladesh. [10] The Daily Star 15th Bangladesh Business Awards described the bank as "one of the best-run banks in Bangladesh". [11] Anis A Khan was re-appointed managing director of Mutual Trust Bank Limited in 2015 for a four year term. [8]
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral. Grameen Bank is a statutory public authority.
The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. [7] [8] H. B. M. Iqbal is the Chairman [9] Mohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.
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.
He was also the president of Bangladesh Bank Employees Federation and joint secretary of the Bangladesh Jatyatabadi Sramik Dal. [13] In 2009, Quazi Baharul Islam was appointed chairman of Sonali Bank. [14] On 2 October 2010, Sonali Bank filed a loan default case against Dandy Dyeing Limited and its ten directors with Artha Rin Adalat-1. [15]
Meghna Bank PLC. is a fourth-generation bank headquartered in Gulshan, Dhaka, Bangladesh. Established on May 9, 2013, [ 2 ] by entrepreneur and politician H. N. Ashequr Rahman , the bank has been in operation for a decade.