THE Bangladesh Bank is the central bank of the country, responsible for promoting healthy growth and development of the banking system.
Banks and insurance companies, both in the private and public sectors, are operating freely and contributing to the economy.
American Express, Chartered Bank, Grindlays Bank and Indosuez Bank are also functioning in Bangladesh.
There are other specialised financial institutions such as the Bangladesh Shilpa Bank, an industrial bank; Bangladesh Shilpa Rin Sangstha, an industrial credit organisation; Krishi Bank, an agriculture bank; House Building Finance Corp; Grameen Bank, a rural bank; and several co-operative banks.
The Industrial Promotion and Development Corporation (IPDC) of Bangladesh and the Investment Corp of Bangladesh (ICB) provide equity support to public limited companies in the private sector.
The banking and insurance network encompasses the entire country and has become one of the largest sources of employment as Bangladesh pursues a liberal market economy.
