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Specialist Business & Professional Service Sector Reviews

Synopsis

Definition and scale of sector

Why the sector was chosen in the West Midlands

Finance sector review from European Commission Asia Investment Facility

The financial services sector in Bangladesh has been in distress for a number of years now, remaining underdeveloped and only contributing about 2% to GDP in 1997/98, with growth consistently lagging behind GDP growth throughout the 1990s.

The banking system dominates the financial sector in Bangladesh, accounting for about 97% of the market in terms of assets, according to the International Monetary Fund. The sector is dominated by four nationalised commercial banks (NCBs) which account for over 60% of assets, private domestic banks (PDBs), which account for about 32% of assets and foreign banks accounting for the remaining 6-7% of assets.

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