Bangladesh`s Grameen Bank to raise funds from market by zeenews.com


Dhaka, May 24: Bangladesh’s pioneering rural banking network Grameen has been given government approval to open branches in cities and raise money from the market through bonds and debentures but it would have to stick to distributing rural credit.

The Grameen Bank, that shared the Nobel Peace Prize with its founder Muhammad Yunus last year, wanted to enter the urban banking sector. [Read more]