Bangladesh Ranks 10th in Global Corruption Index

Industry: Financial

Bangladesh has landed among the top ten most corrupt nations globally, securing the 10th position in Transparency International’s Corruption Perceptions Index (CPI) 2023. With a score of 24 out of 100, the country slipped two notches from the previous year, marking its highest corruption level in the last era.

The report highlights pervasive issues such as bribery, misappropriation of government funds, and abuse of public office, attributing the rise to uncontrolled red tape and challenges in the state’s functioning. The Transparency International Bangladesh (TIB) Executive Director expressed disappointment, citing weak law enforcement and infrastructure contributing to the serious corruption problem.

To address this, recommendations include depoliticizing state institutions, tackling political influence, and ensuring freedom for media and civil society. In the South Asian context, Bangladesh stands as the second-lowest among eight countries, emphasizing the need for systemic reforms to improve its standing.

Source for more details:

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

Related News

Jamuna Bank Appoints Md Shahidul Islam as DMD

May 25, 2025

Md Shahidul Islam has been promoted to Deputy Managing Director of Jamuna Bank PLC, effective April 28, 2025. With over 30 years in banking, he oversees key areas like corporate, SME, retail, Islamic banking, and more. Previously with Prime Bank and Islami Bank, he holds a degree from the University of Dhaka and has undergone specialized training in multiple countries.

Rashedul Amin Named DMD of Southeast Bank

May 25, 2025

Mohammed Rashedul Amin has been promoted to Deputy Managing Director (DMD) of Southeast Bank. Previously the Senior Executive Vice President and Agrabad branch head, he joined the bank in 2019 after serving at IFIC Bank, DBBL, and One Bank.

Islami Bank Sacks MD Amid Loan Fraud Allegations

May 25, 2025

Islami Bank removed its Managing Director, Muhammad Monirul Moula, over loan irregularities revealed in an external audit. Approved by Bangladesh Bank on May 20, the decision follows Moula’s earlier three-month leave. He, along with others, faces embezzlement charges linked to Tk 109.2 crore.

Eastern Bank Declares 35% Dividend at 33rd AGM

May 25, 2025

Eastern Bank PLC declared a 35% dividend (17.5% in cash) for 2024 at its 33rd virtual AGM, chaired by Md Showkat Ali Chowdhury. Shareholders praised the bank's strong financial performance, notably its Islamic banking launch, amid economic challenges.

BB Eases Course Fee Rules

May 22, 2025

Bangladesh Bank has allowed banks to remit fees for overseas correspondence courses without prior approval. This applies to one course at a time and is intended to support professional skill development. Students can pay foreign institutions for courses like CFA or ACCA, with remittances subject to applicable tax deductions.

Premier Bank Introduces Bancassurance Services

May 22, 2025

Premier Bank PLC has officially launched its bancassurance services at its head office in Dhaka, partnering with LIC Bangladesh and Pragati Insurance Limited. The initiative, inaugurated by CEO Mohammad Abu Jafar, aims to offer integrated life and non-life insurance products through its branch network.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here