Finance and Banking  
     
     
     
   
   
     
   
   
   
   
   
   
   
   
   
     
   
 








Bangladesh economy has continued to show resilience in terms of macro-economic stability. The economy registered an average growth of more than 5% during the last 5 years and the trend persists.



The Money Market comprising 4 Nationalized Commercial Banks (NCBs), 26 Private Banks, 11 Foreign Banks and 9 Specialized Banks function under the guidance and general supervision of Bangladesh Bank, the central Bank of the country. A large number of NGOs are also involved in micro financing. All banks together have about 6,000 branches across the country.

While all commercial banks are involved in the money market, the 4 NCBs account for the lion's share of long-term investment.



The financial system of Bangladesh being small but growing, is reflected in the steady expansion of the economy.






Two Capital Markets - Dhaka Stock Exchange and another Chittagong Stock Exchange -- are operating in two big cities under the supervision and control of the Securities & Exchange Commission. The capital markets are open to foreigners who are treated at par with domestic investors. Central Depository system enabling scripless transaction has also been installed to minimize risks of forgery and save time in deals.



The Bangladesh currency is freely convertible on current account transactions. Foreigners are free from any restrictions repatriate profits along with investment.

 


 
             
             
             
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