Nobel Prize winner retired from the bank he founded

Nobel Laureate in Economics Muhammad Yunus, has resigned from his post as manager of the Bangladesh Bank, Grameen. It is reported on Friday, May 13, Lenta.ru quoting the press release of the credit institution. In his address, Yunus said that he was leaving of his own volition, to prevent the harm that can be applied to the bank and eight million customers because of its presence at the helm. Prosecution of Professor Yunus started when banker clashed with the Government of Bangladesh. In 2007, the banker attempted to create a political party. Decision of the Bank of Bangladesh, and then the Supreme Court, Yunus was removed from the leadership of his own bank in March 2011, but retained the post until retirement. Then the Bangladeshi authorities to reconsider proposed ownership structure of the bank, where they owned only five percent of the capital. Bank Grameen (literally translated as "village bank") became the first financial institution in the world, which gave out micro-the poorest. During his 28-year history of the bank acquired great political influence in Bangladesh, one of the world's poorest countries. Now the example of Grameen Bank created thousands of micro-credit banks in many countries around the world. However, the industry is actively criticized in Bangladesh and beyond for the high interest rates on loans and unacceptable methods of collecting debts. Muhammad Yunus won the Nobel Prize for creating a system of microcredit.