Grameen Bank

Bank and microfinancer in Bangladesh

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2024 Professor Abdul Hannan Chowdhury was appointed as the new Chairman of Grameen Bank, with a proposed ordinance aiming to reduce government stake and modify the bank's governance structure.
2023 The Sixteen Decisions were updated to Eighteen Decisions, reinforcing the bank's social and community-oriented principles for borrowers.
2021 Bank expanded its coverage to 81,678 villages out of 87,223 total villages in the country, achieving approximately 94% national coverage. Cumulative loan disbursements exceeded 2.5 trillion taka (US$33.767 billion).
2011 The Bangladesh government forced Muhammad Yunus to resign from Grameen Bank, citing he was beyond the legal age limit for his position at 72 years old.
2010 Government's ownership of the bank dropped to a single-digit percentage.

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See Also

Muhammad Yunus

Chief Adviser of Bangladesh

Microfinance

Provision of microloans to small scale entrepreneurs and small businesses

University of Chittagong

Public university in Bangladesh