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NRB Bank Limited
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, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Limited Company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, ''société à responsabilité limitée'' in France, and ''sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreeme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
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 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iqbal Ahmed
Iqbal Ahmed ( bn, ইকবাল আহমেদ; born 4 August 1956) is a Bangladesh-born British entrepreneur. Based in Manchester, he made his fortune importing shrimp. His two companies, Seamark and Ibco, have extensive interests in shipping, hotel and real estate development, hospitality, and food. Their success turned him into one of the United Kingdom's richest men. He is also the highest ranked British Bangladeshi to be featured on the ''Sunday Times'' Rich List. Early life Ahmed was born in Balaganj Thana, Sylhet District, East Pakistan (now Bangladesh). In 1971, at the age of 15, he moved to the United Kingdom. He attended the City College in Westminster, and a few years later he joined his family's business located in Oldham, which his brothers Kamal and Bilal joined later after the business expanded. Career Since March 1992, Ahmed has been CEO of the Seamark Group, which he founded with his brothers. The company Ibco is a supplier to the catering trade, and S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Director (business)
The term director is a title given to the senior management staff of businesses and other large organizations. The term is in common use with two distinct meanings, the choice of which is influenced by the size and global reach of the organization and the historical and geographic context. Further to this, the term is also used in reference to various technical (legal) definitions specific to corporate governance legislation in individual countries. Thus, a director can be any of: * A person appointed to act as the most senior manager of the company itself (managing director) or of a key function (finance director, operations director, etc.), in which case the title is analogous to and replaces the "C-Suite" titles, this might be considered as the British English meaning of the word. * A person from a group of managers who leads or supervises a particular area of a company, which might be considered to be the American English meaning of the word. * A person holding a "director ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...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] |
Mohammed Mahtabur Rahman
Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monotheistic teachings of Adam, Abraham, Moses, Jesus, and other prophets. He is believed to be the Seal of the Prophets within Islam. Muhammad united Arabia into a single Muslim polity, with the Quran as well as his teachings and practices forming the basis of Islamic religious belief. Muhammad was born approximately 570CE in Mecca. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father Abdullah was the son of Quraysh tribal leader Abd al-Muttalib ibn Hashim, and he died a few months before Muhammad's birth. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal uncle, Abu Talib. In later years, he would periodically seclude himse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bayazid Sarker
Muhammad Bayazid Sarker (born 1 January 1971) is a Bangladeshi economic researcher and central banker. He has been working in Bangladesh Bank (BB) since 1999 and his current position is joint director in the Chief Economist's Unit. He is also an adjunct assistant professor of business school of Southeast University. In 2007, Sarker developed a theoretical structure of migrants’ sponsored bank SBas an alternative source of external financing for developing economies like Bangladesh. The idea of MSB also presented by Sarker in Kuala Lumpur, April 15, 2008. According to Sarker's developed concept, MSB banking model is equally applicable for developing or emerging economies deficient in both capital and foreign exchange coupled having a good base of non-residents earning abroad. Early life and education The sixth of nine children, Sarker was born on 1 January 1971 to a Muslim family in the village of Sarkerpara under Cahapai Nawabganj district, a west-northern part of Bangladesh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-resident Bangladeshi
The Bangladeshi diaspora ( bn, প্রবাসী বাংলাদেশী) are people of Bangladeshi birth or descent who live outside of Bangladesh. First-generation migrants may have moved abroad from Bangladesh for various reasons including better living conditions, to escape poverty, to support their financial condition, or to send money back to families there. The Ministry of Expatriates' Welfare and Overseas Employment estimates there are 13 million Bangladeshis living abroad, the fourth highest among the top 20 countries of origin for international migrants. Annual remittances transferred to Bangladesh were almost $22.1 billion in 2021, the seventh highest in the world and the third highest in South Asia. There is a large Bangladeshi population in Saudi Arabia. There are also significant migrant communities in various Arab states of the Persian Gulf, particularly the United Arab Emirates and Oman, where Bangladeshis are mainly classified as foreign workers. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRB Commercial Bank Limited
NRBC Bank PLC. is a bank in Bangladesh. SM Parvez Tamal is the chairperson of the bank. The bank is listed on the Dhaka and Chittagong stock exchanges. Golam Awalia is the CEO and managing director of the bank. History NRBC Bank PLC. was established on 2 April 2013. It was launched at Sonargaon Hotel and at the time was the first NRB bank of Bangladesh. In April 2016, Farasath Ali was re-elected chairman of the bank and Toufique Rahman Chowdhury, founder of Metropolitan University, Sylhet, was reelected vice chairman of the bank. In October 2017, the Parliamentary Standing Committee on the finance ministry expressed deep concerns over the activities of NRB Commercial Bank Limited and The Farmers Bank Limited and called for protecting them from bankruptcy. An investigation by Bangladesh Bank had found massive irregularities against the two banks. Chairman of NRB Commercial Bank Limited, Farasath Ali, did not attend the meeting of the Parliamentary Standing Committee on the finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
