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Agent Banking: Spearheading financial inclusion in Bangladesh

Agent Banking has been a catalyst in financial inclusion in Bangladesh. According to a report by the Bill & Melinda Gates Foundation, participation in financial services in the country has increased to reach an all-time high of 47 percent in 2018 as a result of a 5 percentage-point surge (20% to 25%) in registered bank […]
Report
LightCastle COVID 19 Series – 2020
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The Covid-19 pandemic is having a major impact on the world we live in. The virus has not only wreaked havoc on our healthcare system, but has devastated the global economy. Amid the economic maelstrom, the Bangladesh economy finds itself in a precarious state, especially due to sagging apparel sales, declining remittances, soaring job losses, […]

  • Published on: June 11, 2020

IMF Highlights Weak Financial Sector Against Strong Economy

The state of the Bangladeshi economy has been under increased scrutiny in recent times. The reasons include the due graduation from low-income to middle-income country status and the potential upcoming global recession that may dampen this progress. The International Monetary Fund (IMF) does regular surveillance of its member countries’ economic and financial policies, as per […]

Making a Dent in Poverty through Microfinance

With the turn of the new decade, the global agenda of poverty eradication remains just as important a pursuit now as it ever was. The world continues to move towards an age in which the social business model is being reinvented with innovation at regular intervals, and industries are actively encouraged by their governments to […]

[Infographic] The Financial Market in Bangladesh

Bangladesh’s formal financial sector can be broadly segmented into two buckets: formal and others. The formal sector can again be subdivided into four categories. Microfinance, Insurance, Banks and NBFIs. As of today, the sector consists of 59 scheduled commercial banks with 3 new banks recently approved by the Bangladesh Bank, taking the tally up to […]
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Overview of Non-Life Insurance Sector

Currently there are 78 insurance companies including two previously mentioned government owned corporations. Among these, 47 are non-life insurance companies and 31 are life insurance companies. 35 non-life and 12 life insurance companies are listed in the capital market. However, Insurance sector is still undergrown considering the age of privatization and comparing with other constituents […]

  • Published on: October 17, 2019

The Untapped Potential of the Insurance Industry

Risk is one of its most challenging and constant aspects of the human experience. By providing financial backing in case of unexpected events, insurance attempts to reduce the impact of risk on our health, belongings, and businesses. The insurance industry is not only central to the creation of a stable business environment but also critical […]

Banking Sector: Turbulence in Disguise

Bangladesh is one of the fastest growing economies in Asia-Pacific. The country is aspiring to gain the status of a middle income country very soon and has been making great strides in terms of social, economic and technological transformation. It recorded a commendable GDP growth rate of 7.86% in 2018. All these being said, a […]
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Potential for Growth: Transforming Bangladesh’s Insurance Sector

The role of insurance in managing risks in an economy cannot be overstated. At a micro level, insurance safeguards households and companies from a myriad of risks. From a macro perspective, it reduces the financial burden on a government and creates a stable environment in which businesses can thrive and succeed. While Bangladesh has taken […]

  • Published on: July 24, 2019

FinTech – Creating New Opportunities for MFIs in Bangladesh

FinTech has strongly emerged in developed markets FinTech, the emerging sector that uses technology to revamp financial services for both businesses and consumers, can have prodigious impact on economic activities. FinTech encompasses products and services within the categories of lending, personal finance, retail and institutional investments, equity financing, consumer banking and many more. Today’s digital […]

DFS in Bangladesh: Beyond Coffee Shops and Consumer Purchase

Munad, a PayPal engineer and a non-residential Bangladeshi, has come to visit Bangladesh after a long time and is in constant awe of the amount of transformation the country has gone through in the last decade. From technology integration to developed infrastructure, he was hard-pressed to find similarities between the Bangladesh he had lived in […]
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Digitizing Merchant Payments in Bangladesh

Since mobile money was introduced in Bangladesh in 2010, there has been a rapid increase in the use of mobile financial services. Today, the mix of a large population without access to financial services, a limited financial infrastructure, and a relatively high penetration rate of mobile phones has ensured that mobile payments have the potential to reshape the way Bangladeshis do business.

  • Published on: April 24, 2019
Report
The State of Digital Microfinance in Bangladesh

The Microfinance industry in Bangladesh is growing amidst renewed competition from the banking sector and new agent banking initiatives. As the industry tackles challenges of high cost of borrowings and expansion of business, digitization of transactions is gradually starting to take precedence. Digitizing transaction has the potential to reduce cost components, increase efficiency and streamline […]

  • Published on: April 23, 2019
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