Economic functions depend on Banking System mainly. It is an important arena for a nation. A banking institution (financial intermediary) is an integral part for a modern society. It plays a vital role in the economic development of a country. It is also the base to make the money market in an advanced country. In Bangladesh banking sector is lagging far behind in adopting the changes of deregulation, technological innovation, and globalization. To prosper well in this changing environment professionalism in banking service is essential. The Banking sector is governed by the rules and regulation of Central Bank of the country i.e. Bangladesh Bank.
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Showing posts with label AIBL. Show all posts
Showing posts with label AIBL. Show all posts
Internship Report On Investment Management of SIBL and AIBL- A Comparative Study
Social Islami Bank Limited is a commercial bank with 64 branches across major cities in Bangladesh and 1252 full time employees on year end 2010. It was incorporated as a Public Limited Company under Companies Act, 1994 on July 5, 1995 as an interest-free Shariah bank in Bangladesh. The Bank started commercial banking operations from November 22, 1995 with an authorized capital of Tk 1,000 million divided into 1 million ordinary shares of Tk 1,000 each. The initial paid up capital was Tk 118.36 million fully subscribed by its 38 sponsors including 3 Arab nationals.
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