2015
DOI: 10.3329/iiucs.v9i0.24143
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Economic Development of Bangladesh: The Role of IBBL

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“…The establishment of the "Mitghamar Local Savings Bank" in 1963 is said to be a milestone for the modern Islami Banking system (Sultana, 2010 IBBL is the largest bank among the private conventional and Islamic banks in Bangladesh and its contribution to the country's economic growth and development is significant. The bank has a substantial contribution in different economic sectors, such as employment generation, remittance collection, rural economic development, ecology and green environment, small and medium-sized industrialization, foreign trade (import-export), housing sector, entrepreneur development, and women empowerment (Rahman and McDonald, 2012;Akhtaruzzaman et al, 2016). Statistics of IBBL (2016) reveal that the bank holds about 8% of the country's total bank deposit and the average deposit growth is 21%.The market share of IBBL in investment in the garments and textile sector stands at 21%, and it disburses 9% of the total investment/credit of the entire banking system of the country.…”
Section: A Brief History Of Ibbl and Its Contribution To The Country'mentioning
confidence: 99%
“…The establishment of the "Mitghamar Local Savings Bank" in 1963 is said to be a milestone for the modern Islami Banking system (Sultana, 2010 IBBL is the largest bank among the private conventional and Islamic banks in Bangladesh and its contribution to the country's economic growth and development is significant. The bank has a substantial contribution in different economic sectors, such as employment generation, remittance collection, rural economic development, ecology and green environment, small and medium-sized industrialization, foreign trade (import-export), housing sector, entrepreneur development, and women empowerment (Rahman and McDonald, 2012;Akhtaruzzaman et al, 2016). Statistics of IBBL (2016) reveal that the bank holds about 8% of the country's total bank deposit and the average deposit growth is 21%.The market share of IBBL in investment in the garments and textile sector stands at 21%, and it disburses 9% of the total investment/credit of the entire banking system of the country.…”
Section: A Brief History Of Ibbl and Its Contribution To The Country'mentioning
confidence: 99%
“…Financial institutions, especially banks play a significant role in matching a depositor and lenders, channeling money and making the economy more efficient (Werner, 2014). Banks in Bangladesh play a significant role compared to other financial institutions (Rahman & McDonald, 2012). Since the oncoming of internet, the large planet has become a smaller one.…”
Section: Introductionmentioning
confidence: 99%