Banking History In Bangladesh

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Bangladesh came into being in 1971. Since then a branch of the state bank of Pakistan stationed at Dhaka was declared Central Bank of Bangladesh named Bangladesh Bank under Special Act. Accepting other Banks, Head offices of 2 banks e.g. Eastern Mercantile Bank Limited (1959) and Eastern Banking Corporation Limited (1965) was at Dhaka which was renamed Public Bank Limited and Uttara Bank Limited respectively. With two banks as above many branches of more than 10 banks were located in Bangladesh. When the Non-Bengali owners had left the country the condition of banks in Bangladesh was poor because most of them were Non-Bengalis. Consequently, the management and central of all such banks were maintained by Bangladeshi Government. In 1972, the Government had nationalized all banks. Bangladeshi banks are maintained through the "Bank Company Act 1991". After nationalization, the bank's was renamed,

Renamed Bank Names After Nationalization:


Source: NRB Commercial Bank Ltd.

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