Govt ownership stake in Grameen Bank could be reduced

Govt ownership stake in Grameen Bank could be reduced

A significant restructuring is on the horizon for Nobel Prize-winning microfinance institution Grameen Bank, with plans to reduce the governments ownership stake and reshape its board management structure.
According to a draft ordinance recently published on the Financial Institutions Division website under the Ministry of Finance, the government stake in Grameen Bank is set to decrease from 25 percent to 5 percent. The ordinance also proposes amendments to the Grameen Bank Act of 2013.