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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 Institute of Bank Management was established in 1974 to train officials of banks and financial institutions of Bangladesh. Since then, BIBM has extended its scope to include providing Masters in Bank Management (MBM) and Evening MBM (EMBM) degrees, carrying out research in banking and finance, holding seminars and round table discussions, and aiding financial institutions in their ...
In September 2021, a special internal audit of NRB Bank found that the bank engaged in "unethical" investments in the stock marketing causing harm to both the bank, a loss of 1.03 billion taka, and the stock market. [13] [14] Bangladesh Bank finned the bank 4.9 million taka over the investments and market manipulation.
It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh. [20] It had the highest loss at 7.74 billion taka. [20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank. [20]
Bangladesh Bank Building in Motijheel commercial area, Dhaka. 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.
On 5 September 2021, Bangladesh Securities and Exchange Commission approved the Union Bank PLC plan to go for IPO. [8] Union Bank 4.28 billion taka from the stock market which would make it the fourth largest IPO in the history of Bangladesh and the largest for the banking sector in the country. [8] [9]
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 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.