Question

write short note on Bangladesh grameen bank?

Answer 1

The Grameen Bank (Bengali: গ্রামীণ বাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit")[5] to the impoverished without requiring collateral.

Grameen Bank

Type

Body Corporate (Bank Law)[1]IndustryFinancial servicesFoundedOctober,1983FounderMuhammad YunusHeadquartersDhaka, Bangladesh

Number of locations

2,568 branches (July 2017)[2]

Area served

Bangladesh

Key people

Ratan Kumar Nag, Acting managing directorProductsMicrofinanceRevenue 12,435,830,045 Taka (176.67 million USD) (2010)[3]

Operating income

 8,513,832,110 Taka(120.95 million USD) (2010)[3]

Net income

 757,241,322 Taka(10.76 million USD) (2010)[3]Total assets125,396,957,972 Taka(2010)[4]

Number of employees

20138 '(July 2017)[2]Websitegrameen.com

Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank. In 1998 the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize.[6]

Answer 2

Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank.