Grameen Bank
Badge of Grameen Bank | |
Native name | গ্রামীণ ব্যাংক |
|---|---|
| Company type | Statutory public authority[1] |
| Industry | Bank |
| Founded | 2 October 1983 |
| Founder | Muhammad Yunus |
| Headquarters | Dhaka, Bangladesh |
Number of locations | 2,568 branches (2022)[2] |
Area served | Bangladesh |
Key people | Abdul Hannan Chowdhury[3] (Chairman) Sarder Akhter Hamed[4] (Managing Director) |
| Products | Microfinance Banking services Consumer Banking Investment Banking |
| ৳2360.49 million[2] (2022) | |
| AUM | ৳169.251 billion (members), ৳74.94 billion (non-members)[2] |
| Total assets | ৳301.05 billion[2] (2022) |
| Total equity | ৳26.920 billion[2] (2022) |
Number of employees | 18,203[2] (2022) |
| Website | grameenbank |
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh.[5][6] It provides small loans (known as microcredit or "grameencredit")[7] to the impoverished without requiring collateral.
Grameen Bank is a statutory public authority. It is originated in 1976, in the work of Muhammad Yunus, a professor at the 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 authorized 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.[8]
The bank's success has inspired similar projects in more than 64 countries around the world, including a World Bank initiative to finance Grameen-type lending systems.[9]
- ^ "Grameen Bank Act 2013". Grameen Bank Act 2013. Archived from the original on 1 February 2024. Retrieved 30 December 2013.
- ^ a b c d e f "Annual Report 2022" (PDF). Grameen Bank.
- ^ "Professor Abdul Hannan made Grameen Bank chairman". The Business Standard. 3 September 2024.
- ^ "Grameen Bank appoints Sardar Akhtar Hamid as Managing Director". The Business Standard. 8 April 2025.
- ^ Cosic, Miriam (29 March 2017). "'We are all entrepreneurs': Muhammad Yunus on changing the world, one microloan at a time". The Guardian. Archived from the original on 26 June 2024. Retrieved 9 August 2017.
- ^ "About us". Grameem Bank. 2 March 2015. Retrieved 9 August 2017.
- ^ Cite error: The named reference
What is Microcreditwas invoked but never defined (see the help page). - ^ "The Nobel Peace Prize for 2006". The Nobel Peace Prize for 2006. 13 October 2006. Retrieved 13 October 2006.
- ^ Khandker, Shahidur R.; Baqui, M. A.; Khan Z. H. (1995). Grameen Bank: Performance and Sustainability. World Bank Publications. p. vi. ISBN 978-0-8213-3463-8.