Probashi Kallyan Bank

Probashi Kallyan Bank
Government
Industry Banking
Founded Dhaka, Bangladesh
Headquarters Dhaka, Bangladesh
Key people
Md Wahiduzzaman Khandaker[1] (Managing Director)
Products Banking services
Consumer Banking
Corporate Banking
Investment Banking
Increase
Website www.pkb.gov.bd

Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis.[2][3]

History

The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Bangladeshis.[4] It had a start up capital of 1 billion taka. 95 percent of the capital came from Wage Earners' Welfare Fund and five percent from the government of Bangladesh.[5] The bank has faced allegations of corruption and nepotism.[6]

References

  1. "New chief for Probashi Kallyan Bank". thedailystar.net. The Daily Star. 11 September 2016. Retrieved 2 October 2016.
  2. "Probashi Kallyan Bank will move to BB for soft loan to help overseas job seekers :: Financial Express :: Financial Newspaper of Bangladesh". print.thefinancialexpress-bd.com. The Financial Express. Retrieved 2 October 2016.
  3. "Central bank opposes plan for new specialised bank". archive.dhakatribune.com. Dhaka Tribune. Retrieved 2 October 2016.
  4. "Coming Back Home". thedailystar.net. The Daily Star. 30 January 2016. Retrieved 2 October 2016.
  5. "International labour migration". thedailystar.net. The Daily Star. 5 February 2016. Retrieved 2 October 2016.
  6. "Nepotism widespread in Probashi Kallyan Bank". archive.dhakatribune.com. Dhaka Tribune. Retrieved 2 October 2016.
This article is issued from Wikipedia - version of the 10/2/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.