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Bangladesh Krishi Bank Limited
Bangladesh Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry. Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh. History Bangladesh Krishi Bank was established in 1973. Bangladesh Krishi Bank is one of seven state owned banks in Bangladesh. In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers. On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank. On 30 January 2008, Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank. In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh. The bank was asked to stop providing loans to non-agricultural purposes. The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capital and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BASIC Bank Limited
BASIC Bank Limited (founded as Bangladesh Small Industries and Commerce Bank) is a fully government owned bank in Bangladesh which was founded on 2 August 1988. The bank was founded to finance small enterprises. Abul Hashem is chairman of the bank. Md. Anisur Rahman is the managing director of the bank. More than 45 billion taka loan was defaulted from the bank, many of the loans were to companies that existed on paper only, with the support of former chairperson Sheikh Abdul Hye Bachhu. 100 borrowers accounted for 86 percent of the defaulted loans. History BASIC Bank Limited was established on 2 August 1988 began operations from 21 January 1989. It was owned by BCC Foundation, which owned 70 percent of the shares, and the government of Bangladesh, which owned the remaining 30 percent of the shares. On 4 June 1992, BCCI, which owned BCC Foundation, closed and the government of Bangladesh took over 100 percent ownership. In December 2003, Basic Bank signed an agreement with Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1973
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Dhaka Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bangladesh
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheikh Hasina
Sheikh Hasina Wazed (''née'' Sheikh Hasina ; ; bn, শেখ হাসিনা ওয়াজেদ, Shēkh Hasinā, , born 28 September 1947) is a Bangladeshi politician who has served as the Prime Minister of Bangladesh, Prime Minister of Bangladesh since January 2009. Hasina is the daughter of the founding father and first President of Bangladesh, President of Bangladesh, Bangabandhu Sheikh Mujibur Rahman. She previously served as prime minister from June 1996 Bangladeshi general election, June 1996 to 2001 Bangladeshi general election, July 2001. She is the longest serving prime minister in the History of Bangladesh (1971–present), history of Bangladesh, having served for a combined total of over 18 years. As of , she is the world's longest-serving female Head of government, Head of Government in history. Hasina's term as the Prime Minister witnessed worsening security situation that includes the Bangladesh Rifles revolt in 2009 which killed 56 officers of Banglades ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karmasangsthan Bank
Karmasangsthan Bank () () is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises. Ansar-VDP Unnayan Bank and the Probashi Kallyan Bank are two specialised banks like the Karmasangsthan Bank in Bangladesh. MD. Nurul Amin is the present chairperson of the Karmasangsthan Bank. History The bank was founded in 1998 by the Awami League government, with an approved capital of 3 billion taka. The Karmasangsthan Bank was established as per Karmasangsthan Bank Act No.7 of 1998. The bank was founded to increase income of people in rural areas of Bangladesh. According to Sahara Khatun the bank was neglected after the Bangladesh Nationalist Party came to power. Dewan Mujibur Rahman was appointed managing director of Karmasangsthan Bank in September 2004. In August 2007, Karmasangsthan Bank donated 416 thousand taka to the Chief Adviser's Relief and Welfare Fund. The highest interest rate charged by the bank in 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Padma Bank Limited
Padma Bank Limited, formerly known as The Farmers Bank Limited, is a private commercial bank headquartered in Gulshan-1, Dhaka, Bangladesh. The bank was established in 2013. The fourth generation bank commenced its banking operation on June 3, 2013. By an order On 29 January 2019 Bangladesh Bank has changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due numerous bad loans and embezzlements. Chowdhury Nafeez Sarafat is the Chairperson of Padma Bank Limited. History The Farmers Bank Limited was established in 2013 and was granted a licence due to the political links of its founder Muhiuddin Khan Alamgir. In January 2016, Bangladesh Bank appointed an observer to The Farmers Bank Limited who had found evidence of irregularities with the distribution of 4 billion taka loans. Farmers Bank used its security deposit money with Bangladesh Bank to payback interbank short-term loans to four banks for a total of 7 billion tak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRB Bank
NRB Bank is one of the third generation private banks in Bangladesh. Mohammed Mahtabur Rahman, chairman of Al Haramain Perfumes, is the chairman of the NRB Bank. Mohammed Jamil Iqbal and Tateyama Kabir are vice-chairmen of the NRB Bank. Mehmood Husain is the CEO and Managing Director of NRB Bank. History Migrants Bangladeshis were demanding such type of bank since 1990s. However, Md. Bayazid Sarker an economist and Central Bank official of Bangladesh first develop a theoretical structure of the bank and officially floated the idea in his research paper titled "Alternative Resource of World Bank for External Financing in Bangladesh: A Foreign Remittance Approach" on 15 December 2007 in Dhaka. Bangladesh Bank called for NRB bank applications in 2011 and finally issued three NRB Bank (Non-resident Bangladeshis Bank) licenses in 2013; the NRB Banks are NRB Commercial Bank Limited, NRB Bank Limited and NRB Global Bank Limited Global Islami Bank, former known as NRB Global Bank, is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meghna Bank
Meghna Bank Limited is a bank in Bangladesh founded on 21 April 2013. H. N. Ashequr Rahman, Awami League member of parliament, is the chairman of Bank. The managing director is Sohail R K Hussain. History Meghna Bank was established on 21 April 2013 as a fourth generation private bank in Bangladesh. Mohammed Nurul Amin was appointed CEO and managing director of Meghna Bank in June 2014. Mohammad Nurul Amin, managing director of bank, said the bank had excess liquidity in December 2015. In January 2016, Meghna Bank took 350 million BDT from Bangladesh Bank as emergency cash due to a liquidity shortage along with AB Bank and Farmers Bank Limited. In January 2018, operating profit of the bank increased according to managing director Nurul Amin. Adil Islam was appointed CEO and managing director of Meghna Bank in April 2018. The Bank also saw an unusual increase in defaulted loans in 2018. This led to Bangladesh Bank announcing punitive actions against the bank. Sohail RK Hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICB Islamic Bank
ICB Islamic Bank is a second generation commercial Islamic Bank in Bangladesh listed on the Dhaka Stock Exchange. Muhammad Shafiq Bin Abdullah is the Managing Director of ICB Islamic Bank Limited. History ICB Islamic Bank was established in 1987 and started operations on 20 May 1987 as Al-Baraka Bank. The bank listed on Dhaka Stock Exchange in 1990. By 1994, the bank ran into financial troubles. In 2004, the bank was reorganized and renamed to Oriental Bank. In 2006, Bangladesh Bank dissolved Oriental Bank's board of directors and auctioned majority of the shares. The ICB Banking Group bought majority of the shares and renamed it ICB Islamic Bank in 2008. In 2014, Bangladesh Bank rescheduled the payment plan of ICB Islamic Bank to the depositors' of Oriental Bank. By 2018, ICB Islamic Bank had failed to return 4.44 billion taka to the depositors' of Oriental Bank, a condition set by Bangladesh bank, and sought a change in the repayment plan from the central bank. In January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Development Bank
Bangladesh Development Bank is a state-owned specialised commercial bank in Bangladesh. The bank has one of the highest loan default rate in Bangladesh. Shamima Nargis is the chairperson of the bank. Kazi Alamgir is the Chief Executive Officer and managing director of the bank. History Bangladesh Development Bank was established on 16 November 2009 as a Public Limited Company by merging the state-owned Bangladesh Shilpa Bank with the Bangladesh Shilpa Rin Sangstha; both were established on 31 October 1972. Bangladesh Development Bank started in 2010 with 534 court cases concerning 21 billion taka and 24.6 billion taka in written off liabilities. Santi Narayan Ghosh was appointed chairperson of the Bangladesh Development Bank in September 2012. In 2016, former managing director of Karmasangsthan Bank, Mushtaque Ahmed, and former deputy managing director of Rupali Bank Limited, Md Abu Hanif Khan, were appointed directors of Bangladesh Development Bank. The bank has had issues ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
