Definition and scale of sector
Why the sector was chosen in the West Midlands
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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