Banking abbreviations and acronyms are a common aspect of the financial industry, often used to simplify complex terms and concepts. These abbreviations can be found on bank statements, financial documents, and various financial websites, making it essential for individuals to understand their meanings to navigate the world of banking effectively. This blog post will provide an overview of some of the most common banking abbreviations and acronyms, helping you decipher the language of the financial world.
Acronyms vs Abbreviations
Acronyms and abbreviations are both shortened forms of words or phrases, but they differ in some key ways:
Formation:
- Acronyms: Formed by taking the initial letters or syllables of words and combining them into a new, pronounceable word. Some acronyms become words in their own right, and their original meaning may be less emphasized over time. Examples: BACH (Bangladesh Automated Clearing House), BRAC (Bangladesh Rural Advancement Committee).
- Abbreviations: Abbreviations are shortened forms of single words or phrases. They may consist of the initial letters, a combination of letters, or a series of characters that represent the full word or phrase. Examples: Pvt. (Private), Ltd. (Limited), etc. (et cetera)
Pronunciation:
- Acronyms: Pronounced as a single word.
- Abbreviations: Usually pronounced by saying each letter individually (e.g., D-R, L-T-D). Some exceptions exist, like “PhD” being pronounced “pee-aitch-dee”.
Banking Acronyms In Bangladesh
The list of banking abbreviations and acronyms provided in this blog post mainly focuses on Bangladesh. Therefore, this blog post will be particularly useful for individuals who are interested in understanding the banking industry in Bangladesh and its associated acronyms. Some acronyms are used in other sectors and even may seem unrelated but they are listed here for somehow being used in the banking industry. The list is alphabetically arranged to let you easily find the terms you are looking for. So, let’s start exploring!
AACOBB Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh
A/C Account
ACD Agriculture Credit Department
ACS Automated Challan System
ACU Asian Clearing Union
ACUD Asian Clearing Union Dollar
ADB Asian Development Bank
ADC Alternate Delivery Channels
ADP Annual Development Programme
ADR Advance Deposit Ratio
ADs Authorised Dealers
AFI Alliance for Financial Inclusion
AFD Agence Francaise de Developpement
AGDs Authorized Gold Dealers
AGM Annual General Meeting
AIIB Asian Infrastructure Investment Bank
AIT Advance Income Tax
ALCO Asset Liability Management Committee
ALM Asset-Liability Management
AML Anti Money Laundering
APA Annual Performance Agreement
APG Asia Pacific Group on Money Laundering
APTA Asia Pacific Trade Agreement
ASA Association for Social Advancement
ASEAN Association of South East Asian Nations
ATDTL Average Total Demand and Time Liabilities
ATM Automated Teller Machine
B2B Business to Business
B2P Business to Person
BAC Board Audit Committee
BACH Bangladesh Automated Clearing House
BACPS Bangladesh Automated Cheque Processing Systems
BADC Bangladesh Agricultural Development Corporation
BAFEDA Bangladesh Foreign Exchange Dealers Association
BAMLCO Branch Anti-Money Laundering Compliance Officer
BANBEIS Bangladesh Bureau of Educational Information and Statistics
BARD Bangladesh Academy for Rural Development
BAS Bangladesh Accounting Standards
BASIC Bangladesh Small Industries and Commerce
BAU Business As Usual
BB Bangladesh Bank
BBMC Bangladesh Bank Musharaka Certificate
BBS Bangladesh Bureau of Statistics
BBTA Bangladesh Bank Training Academy
BCBS Basel Committee on Banking Supervision
BCG Boston Consulting Group
BCIC Bangladesh Chemical Industries Corporation
BCO Branch Compliance Officer
BCP Business Continuity Plan
BCP Basel Core principles
BCR Bangladesh Compounded Rate
BDBL Bangladesh Development Bank Limited
BDT Bangladesh Taka
BEPZ Bangladesh Export Promotion Zone
BEZA Bangladesh Economic Zones Authority
BEFTN Bangladesh Electronic Fund Transfer Network
BEPZA Bangladesh Export Processing Zone Authority
BFIU Bangladesh Financial Intelligence Unit
BFRS Bangladesh Financial Reporting Standards
BGIIB Bangladesh Government Islamic Investment Bond
BGIS Bangladesh Government Investment Sukuk
BGITB Bangladesh Government Islamic Treasury Bill
BGTBs Bangladesh Government Treasury Bonds
BHBFC Bangladesh House Building Finance Corporation
BHI Bank Health Index
BIA Bangladesh Insurance Academy
BIBM Bangladesh Institute of Bank Management
BREN Bangladesh Research and Education Network.
BGMEA Bangladesh Garments Manufactures and Exporters Association
BHTPA Bangladesh Handloom Board Bangladesh Hi-tech Park Authority
BIDA Bangladesh Investment Development Authority
BIDS Bangladesh Institute of Development Studies
BIMSTEC Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
BIS Bank for International Settlements
BJMC Bangladesh Jute Mills Corporation
BKB Bangladesh Krishi Bank
BKMEA Bangladesh Knitwear Manufacturers and Exporters Association
BLPA Bangladesh Land Port Authority
BO Beneficiary Owners BO Beneficial Owner
BOI Board of Investment
BOSEL Bangladesh Overseas Employment and Service Limited
BoP Balance of Payments
BPC Bangladesh Petroleum Corporation
BPC Bangladesh Parjatan Corporation
BPSSR Bangladesh Payment and Settlement Systems Regulations
BPDB Bangladesh Power Development Board
BRAC Bangladesh Rural Advancement Committee
BRDB Bangladesh Rural Development Board
BRMC Board Risk Management Committee
BRPD Banking Regulation & Policy Department
BRTA Bangladesh Road Transport Authority
BSBL Bangladesh Samabaya Bank Limited
BSC Bangladesh Shipping Corporation
BSCCL Bangladesh Submarine Cable Company Limited
BSEC Bangladesh Steel and Engineering Corporation
BSEC Bangladesh Securities and Exchange Commission
BSFIC Bangladesh Sugar and Food Industries Corporation
BSCIC Bangladesh Small and Cottage Industries Corporation
BSI Banking Soundness Index
BSRD Bangladesh Systemic Risk Dashboard
BSS Bangladesh Secretarial Standards
BTCL Bangladesh Telecommunication Company Limited
BTMC Bangladesh Textile Mills Corporation.
BTRC Bangladesh Telecommunication Regulatory Commission
BTMC Bangladesh Textile Mills Corporation
BURO Basic Unit for Resources and Opportunities of Bangladesh
c&f cost and freight
CA Certifying Authority
CA Chartered Accountant
CAMD Capital Adequacy and Market Discipline
CAMEL Capital Adequacy, Asset Quality, Management, Earnings and Liquidity
CAMELS Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Market Risk
CAMLCO chief Anti-money Laundering Compliance Officer
CASA Current Account, Savings Account
CASPI CSE all share price Index
CAR Capital Adequacy Ratio
CBS Core Banking Solution CBS Core Banking Software
CCA Controller of Certifying Authority
CCB Capital Conservation Buffer
CCB Counter-cyclical Capital Buffer
CCC Central Compliance Committee
CCTG Coordination Committee Technical Group
CCTV Closed-circuit Television
CDBL Central Depository Bangladesh Limited
CDLC Central Depository for Large Credit
CECRFP COVID-19 Emergency and Crisis Response Facility Project
CEO Chief Executive Officer
CET1 Common Equity Tier-1
CETP Central Effluent Treatment Plant
CEU Chief Economist’s Unit
CEZL City Economic Zone Limited
CFC Cyber Fusion Center
CFP Contingency Funding Plan
CFR Cost and Freight
CFSI Composite Financial Stability Index
CFT Combating the Financing of Terrorism
CGC Corporate Governance Code
CGS Credit Guarantee Scheme
CIB Credit Information Bureau
CIF Cost, Insurance and Freight
CIC Central Intelligence Cell
CICO Cash In/ Cash Out
CIDD Center for Inclusive Development Dialogue
CIP Commercially Important Person
CIPC Customers Interest Protection Centre
CIRDAP Centre on Integrated Rural Development for Asia and the Pacific
CIT Cheque Imaging and Truncation
CMMS Corporate Memory Management System
CMS Cottage, Micro and Small Enterprise
CMSME Cottage, Micro, Small and Medium Enterprises
CNY Chinese Yuan Renminbi
COVID-19 Corona Virus Disease of 2019
CP Commercial paper
CPI Consumer Price Index
CRAB Credit Rating Agency of Bangladesh
CRAR Capital to Risk-weighted Asset Ratio
CRISL Credit Rating Information and Services Limited
CRM Credit Risk Management
CRMs Cash Recycler Machines/Cash Recycling Machine
CRMR Comprehensive Risk Management Report
CRR Cash Reserve Requirement
CSE Chittagong Stock Exchange
CSP Customer Security Program
CSR Corporate Social Responsibility
CYFI Child and Youth Finance International
DBI-1 Department of Banking Inspection-1
DBI-2 Department of Banking Inspection-2
DBI-3 Department of Banking Inspection-3
DBI-4 Department of Banking Inspection-4
DBI-5 Department of Banking Inspection-5
DBI-6 Department of Banking Inspection-6
DBI-7 Department of Banking Inspection-7
DBI-8 Department of Banking Inspection-8
DCFCL Departmental Control Function Checklist
DEI Diversity, Equity and Inclusion
DFEI Department of Foreign Exchange Inspection
DFIM Department of Financial Institutions & Market
DFS Digital Financial Services
DIB Dollar Investment Bond
DID Deposit Insurance Department
DIS Deposit Insurance System
DITF Deposit Insurance Trust Fund
DMBs Deposit Money Banks
DMD Debt Management Department
DMS Document Management System
DNC Department of Narcotics Control
DNS Deferred Net Settlement
DOMS Digital Office Management System
DOS Department of Off-site Supervision
DP Depository Participant DPs Depository Participant
DPA Domestic Processing Areas
DPB Dollar Premium Bond
DSE Dhaka Stock Exchange
DSEX Dhaka Stock Exchange Broad Index
D-SIBs Domestic Systemically Important Banks
DTA Deferred Tax Assets
DTH Direct to Home
DVS Document Verification System
EAR Early Alert Review
EBCP Enterprise Business Continuity Plan
EBITDA earnings before interest, taxes, depreciation and amortization
EC Executive Committee
ECB European Central Bank
ECAI External Credit Assessment Institutions
ECF Extended Credit Facility
ECL Expected Credit Loss
ECRL Emerging Credit Rating Limited
EDF Export Development Fund
EDS Electronic Dealing System
EDW Enterprise Data Warehouse
EEF Equity and Entrepreneurship Fund
EFD Electric Fiscal Device
EFT Electronic Fund Transfer
EGBMP Enterprise Growth and Bank Modernization Programme
EI Expenditure-Income
EMI Equated Monthly Installments
EMT Executive Management Team
EMV EuroPay, MasterCard and VISA
EOI Expression of Interest
EoP End of Period
EPB Export Promotion Bureau EPZ Export Processing Zone
EPS Earnings Per Share
ERAF Enterprise Risk Associates Forum
ERGF Enterprise Risk Governance Forum
ERM Enterprise Risk Management
ERMC Executive Risk Management Committee
ERP Enterprise Resource Planning
ERQ Exporters’ Retention Quota
ESCAP the United Nations Economic and Social Commission for Asia and the Pacific
ESDD Environmental and Social Due Diligence
ESF Entrepreneurship Support Fund
ESG Environmental, Social & Governance
ESRM Environmental and Social Risk Management
ESRR Environmental and Social Risk Rating
ETP Effluent Treatment Plant
EU European Union
EVA Economic Value Added
EXIM Export Import Bank of Bangladesh
FAO Food and Agriculture Organisation
FATF Financial Action Task Force
FC Foreign Currency
FCA Financial Conduct Authority
FCD Forreign Currency Deposit
FCBs Foreign Commercial Banks
FCK Fixed Chimney Kiln
FCY Foreign Currency
FDI Foreign Direct Investment
FEPD Foreign Exchange Policy Department
FFD Freedom Fixed Deposit
FIs Financial Institutions
FICSD Financial Integrity and Customer Service Department
FID Financial Inclusion Department
FIID Financial Institutions Inspection Department
FIU Financial Intellligence Unit
FMI Financial Market Infrastructure
FPMU Food Planning and Monitoring Unit
FoB Free on Board FPM Financial Projection Model
FRC Financial Reporting Council
FRS Financial Stability Report
FRTB Floating Rate Treasury Bond
FRTMD Foreign Reserve and Treasury Management Department
FSD Financial Stability Department
FSM Financial Stability Map
FSR Financial Stability Report
FSs Financial Statements
FSSSPD Financial Sector Support and Strategic Planning Department
FSSP Financial Sector Support Project
FUM Fund Under Management
FVI Financial Vulnerability Index
FX Foreign Exchange
FY Financial Year (July- June)
G2P Government to Person
G-7 Group of Seven
GABV Global Alliance for Banking on Values
GCRM Guidelines on Country Risk Management
GDE Gross Domestic Expenditure
GDP Gross Domestic Product
GDS Gross Domestic Savings
GF Green Finance
GFSR Global Financial Stability Report
GFET Guidelines for Foreign Exchange Transactions
GHG Green House Gas
GIIB Government Islamic Investment Bond
GIZ German Agency for International Cooperation
GNI Gross National Income GNS Gross National Savings
GPF General Provident Fund
GoB Government of Bangladesh
GRA General Resources Account
GRI Global Reporting Initiative
GS Govornor Secretariat
GSIMS Government Savings Instrument Management System
GTF Green Transformation Fund
GVA Gross Value Added
H1 First Half
H2 Second Half
HBFC House Building Finance Corporation
HFT Held for Trade
HHK Hybrid Hoffman Kiln
HRD Human Resources Department
HTM Held to Maturity
HQLA High Quality Liquid Asset
IAD Internal Audit Department
IADI International Association of Deposit Insurers
IAMCL ICB Asset Management Company Ltd
IAR Integrated Annual Report
IAS International Accounting Standards
IASB International Accounting Standards Board
IB Islamic Banking
IBF Islamic Bond Fund
IBFT Internet Banking Fund Transfer
IBRD International Bank for Reconstruction and Development
IBS Islamic Banking System
ICAAP Internal Capital Adequacy Assessment Process
ICAB International Chartered Accountants of Bangladesh
ICB Investment Corporation of Bangladesh
ICC Internal Control and Compliance
ICCD Internal Control and Compliance Division
ICMAB Institute of Cost and Management Accountants of Bangladesh
ICML ICB Capital Management Ltd
ICSB Institute of Chartered Secretaries of Bangladesh
ICT Information and Communication Technology
ID Identity Document
IDA International Development Association/ International Development Agency
IDLC Industrial Development Leasing Company
IDR Investment Deposit Ratio
IDRA Insurance Development and Regulatory Authority
IESBA International Ethics Standards Board for Accountants’
IFC International Finance Corporation
IFRS International Financial Reporting Standards
IFF Illicit Financial Flow
IIFM Islamic Inter-bank Fund Market
IIRC International Integrated Reporting Council
IMF International Monetary Fund
IMTOs International Money Transfer Operators
IOSCO International Organization of Securities Commissions
IPDC Industrial Promotion and Development Company
IPFF Investment Promotion and Financial Facility IPFF Investment Promotion and Financing Facilities
IPO Initial Public Offering
IR Investor Relations
IRF Incident Response Forum
IRM Investment Risk Management
IRIDP-3 ‘Important Rural Infrastructure Development Project on Priority Basis-3
ISAs International Standards on Auditing
ISDSD Information Systems Development and Support Department
ISMD Integrated Supervision Management Department
ISO International Organisation for Standardisation
ISS Integrated Supervision System
ISSP Information System Strategy Paper
ISTCL ICB Securities Trading Company Ltd.
IT Information Technology
ITC-ILO International Training Centre of the International Labour Organisation
ITES Information Technology Enabled Services
ITM Interbank Transaction Matrix
JBC Jibon Bima Corporation
JICA Japan International Cooperation Agency
JPY Japanese Yen
KPI Key Performance Indicators
KRI Key Risk Indicator
KSA Kingdom of Saudi Arabia
KYC Know Your Customer
LC Letter of Credit
LCR Liquidity Coverage Ratio
LDCL Loan Documentation Checklist
LDPE Low-Density Polyethylene
LEA Law Enforcement Agencies
LED Light Emitting Diode
LF-I-SME Local Finance Initiatives Support to SMEs
LFSSP Line of Finance to Support SMEs Project
LIBOR London Interbank Offered Rate
LOS Loan Originating System
LPG Liquefied Petroleum Gas
LS Liquidity Support
LSF Liquidity Support Facility
LTD. Limited
LTFF Long Term Financing Facility
M1 Narrow Money
M2 Broad Money
MANCOM Management Committee
MCR Minimum Capital Requirements
ME Mutual Evaluation
MF-CIB Credit Information Bureau for Micro Finance Institutions
MFIs Microfinance Institutions
MFS Mobile Financial Services
MFSPs Mobile Financial Service Providers
MI Market Infrastructure M
MICR Magnetic Ink Character Recognition
MIMAP Micro Impact of Macroeconomics and Adjustments Policies
ML Money Laundering
MLT Medium to Long Term
MoF Ministry of Finance
MoU Memorandum of Understanding
MPD Monetary Policy Department
MPI Murabaha Post Import
MPS Monetary Policy Statement
MPSA Microsoft Product and Services agreement
MRA Microcredit Regulatory Authority
MSI Monetary Sector Index
MSMEs Micro, Small and Medium Enterprises
MTMF Medium Term Macroeconomic Framework
MTR Murabaha Trust Receipt
MVA Market Value-added
NAFTA North American Free Trade Agreement
NAV Net Assets Value
(NBDCs Non- bank Depository Corporations
NBFIs Non-Bank Financial Institutions
NBR National Board of Revenue
NCI Non-controlling Interest
NDA Net Domestic Assets
NEER Nominal Effective Exchange Rate
NFA Net Foreign Assets
NFAs No-Frill Accounts
NFC Near Field Communication
NFCD Non-Resident Foreign Currency
NFCs Non Financial Corporations
NFIS National Financial Inclusion Strategy
NGOs Non-Governmental Organisations
NIA Negotiable Instruments Act
NIBM National Institute of Bank Management
NII Net Interest Income
NIM Net Interest Margin
NIS National Integrity Strategy
NITAs Non-resident Investor’s Taka Accounts
NOPAT Net Operating Profit After Tax
NPA Non-performing Asset
NPI Non-performing Investment
NPL Non-performing Loan
NPLs Non-performing Loans
NPSB National Payment Switch, Bangladesh
NRB Non-resident Bangladeshi
NSDS National Sustainable Development Strategy
NSFR Net Stable Funding Ratio
OBO Off-shore Banking Operation
OBU Off-shore Banking Unit
ODA Official Development Assistance
ODB Overdraft-block
ODC Overdraft- current
OFC Other Financial Corporations
OIC Organization of Islamic Cooperation
OMO Open Market Operation
OMOF Open Market Operations Fund
OMS Open Market Sales
OPGSPs Online Payment Gateway Service Providers
OTC Over the Counter P2B Person to Business
P2G Person to Government
P2P Person to Person
PAT Profit After Tax
PBT Profit Before Tax
PBV Price-to-book Value
PCB Printed Circut Board
PCBs Private Commercial Banks
PCIDSS Payment Card Industry Data Security Standard
PDs Primary Dealers
PESTEL Political, Economic, Social, Technological, Legal, and Environment.
PET Polyethene Terephthalate
PFDS Public Food Distribution System
PF Proliferation Financing
PFI Participating Financial Institution
PGL Portfolio Guarantee Limit
PIF Post Import Financing
PKSF Palli Karma Sahayak Foundation
PLS Profit and Loss Sharing
PMBF Professional Masters in Banking and Finance
PMFIs Participating Microfinance Institutions
PMS Performance Management System
PN Policy Note
POL Petroleum, Oil and Lubricants
POs Partner Organisations
POS Point of Sale
PPE Personal Protective Equipment
PP&E Property, Plant and Equipment
PPG Product Program Guideline
PSD Payment Systems Department
PSO Payment Systems Operator
PSP Payment Services Providers
PSR Profit Sharing Ratio
PV Photovoltaic
PVC Polyvinyl Chloride
QFSAR Quarterly Financial Stability Assessment Report
QIIP Quantum Index of Industrial Production
QOR Quarterly Operations Report
QR Quick Response
RAKUB Rajshahi Krishi Unnayan Bank
RAM Random Access Memory
RAS Risk Appetite Statement
RBCA Risk Based Capital Adequacy
RBS Risk Based Supervision
RBIA Risk Based Internal Audit
RCDM Real-time Cash Deposit Machine
RCF Rapid Credit Facility
RFCD Resident Foreign Currency Deposit
RECI Regional Economic Climate Index
REER Real Effective Exchange Rate
REPO Repurchase Agreement
RFFO Regulatory Fintech Facilitation Office
RFI Rapid Financing Instrument
RHS Right Hand Side
RICO Racketeer Influenced and Corrupt Organizations Act
RJSC & F Registrar of Joint Stock Companies & Firms
RM Reserve Money
RMD Risk Management Division
RMG Ready Made Garments
RMU Risk Management Unit
ROA Return on Assets
ROC Regional Operating Centre
ROE Return on Equity
RoI Return on Investment
RPO Repeat Public Offering
RTDM Real Time Deposit Machine RTDM
RTGS Real Time Gross Settlement
RTI Right to Information
RTL Raw Tech Limited
RWA Risk Weighted Assets
SAARC South Asian Association for Regional Cooperation
SABINCO Saudi-Bangladesh Industrial & Agricultural Investment Company Limited
SAFA South Asian Federation of Accountants
SAM Special Asset Management
SAP Systems, Applications and Products in data processing
SARs Suspicious Activity Reports
SBs Specialized Banks
SBC Shadharan Bima Corporation
SCBs State -owned Commercial Banks
SCDP Second Crop Diversification Project
SCF Supply Chain Finance Solution
SCT Strategic Communication Team
SD Statistics Department
SD Secure Digital
SDC Sales Data Controller
SDC Swiss Agency for Development and Cooperation
SDGs Sustainable Development Goals
SDP Skills Development Program
SDR Special Drawing Rights
SEC Securities and Exchange Commission
SEF Small Enterprise Fund
SEIP Skills for Employment Investment Programme
SEK Singapore Dollar SF Sustainable Finance
SFD Sustainable Finance Department
SFU Sustainable Finance Unit
SGD Singapore Dollar
SIM Subscriber Identity Module
SLR Statutory Liquidity Ratio
SMA Special Mention Account
SMAP Small and Marginal Sized Farmers Agricultural Productivity Improvement and Diversification Financing Project
SMEs Small and Medium-sized Enterprises
SMESDP Small and Medium-sized Enterprise Sector Development Project
SMESPD SME & Special Programmes Department
SMS Short Message Service
SOC Security Operation Centre
SOCBs State Owned Commercial Banks
SOICs State Owned Insurance Companies
SP Special Publication
SPCBL Security Printing Corporation (Bangladesh) Ltd.
SPCSSECP Supporting Post COVID-19 Small Scale Employment Creation Project
SPM Suspended Particulate Matter
SPS Service Process Simplification
SPTB Special Treasury Bonds
SPV Special Purpose Vehicle
SREP Supervisory Review Evaluation Process
SRF Socially Responsible Finance
SQAT Software Quality Assurance and Testing
SRP Supervisory Review Process
SREP Supervisory Review Evaluation Process
SREUP Safety Retrofits and Environment Upgrades in RMG Project
SRF Socially Responsible Financing
SSD Solid State Drive
STP Straight-Through-Processing
STRs Suspicious Transaction Reports
SWIFT Society for Worldwide Interbank Financial Telecommunication
TA Technical Assistance
TAT Turnaround Time
TBS Triple Benefit Savings
TF Terrorist Financing
TDS Tax Deducted at Source
TIN Tax Identification Number
TMS Treasury Management System
TMSS Thengamara Mohila Sabuj Sangha
ToR Terms of Reference
ToT Terms of Trade
TSEL Technaf Solar Tech Energy Limited
TSS Technical Support Services
UAE United Arab Emirates
UBSP Urban Building Safety Project
UK United Kingdom
UNCDF United Nations Capital Development Fund
UNCTAD United Nations Conference on Trade and Development
UNODC United Nations Office on Drugs and Crime
UNSDGs United Nations’ Sustainable Development Goals
US United States
USA United States of America
USB Universal Serial Bus
USD US Dollar
USDOJ US Department of Justice
VAS Value Added Service
VAT Value Added Tax
VDP Village Defense Party
VoC Voice of Customers
VSBK Vertical Shaft Brick Kiln
WAR Weighted Average Resilience
WAR-WIR Weighted Average Resilience-Weighted Insolvency Ratio
WDV Written Down Value
WEDB Wage Earner Development Board
WEF Women Entrepreneur Fund
WEO World Economic Outlook
WFH Working From Home
WHO World Health Organization
WHT Withholding Tax
WP Working Paper
WTO World Trade Organisation
YLP Young Leaders’ Programme
YoY Year on Year
Conclusion
Understanding banking abbreviations and acronyms is crucial for navigating the complex world of finance. By familiarizing yourself with these terms, you can better comprehend financial documents, statements, and conversations. The more you learn about these abbreviations and acronyms, the more informed decisions you can make about your financial matters. So, take the time to explore the list of abbreviations and acronyms provided in this blog post, and empower yourself to better understand and manage your finances.