With a gross domestic product growth rate of nearly 5.8 percent in 2023, Bangladesh is one of the fastest-growing economies in the world. Driving Bangladesh’s prospects is our extremely active domestic consumer market, which accounts for nearly 70 percent of GDP and is rapidly expanding on the back of a growing middle and affluent class. Fuelling this growth is a digital economy that is also expanding rapidly.

The system of selling insurance services to bank customers will ultimately expand financial inclusion.

Bancassurance will help banks improve their profitability and boost liquidity, in addition to making them more responsible towards clients, said Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC

To be eligible, banks have to show positive net profit for three consecutive years