Niko Resources started drilling in that location. Another blowout occurred at the same field on 24 June, while Niko was trying to contain the fire from the first blowout. The gas field was ablaze for years, causing significant loss of resources for Bangladesh and damaging the environment of surrounding areas. The Government went into a lengthy legal battle with Niko for adequate compensation. Financial services As of 2008, in addition to the money and capital markets, the financial sector of Bangladesh included a number of insurance, pensions, and microfinance institutions. However, the sector was dominated by the banking industry, which consisted of 4 state-owned commercial banks (SCBs), 5 state-owned specialized banks, 30 domestic private commercial banks (PCBs), 9 foreign commercial banks, and 29 non-bank financial institutions (NBFIs) under the supervision of Bangladesh Bank, the central bank of the country. In the insurance sub-sector, 21 companies provided general insurance while 6 other provided life insurance; but most of the assets in the sector was commanded by the two large, state-owned companies— the Sadharan Bima Corporation for general insurance and the Jiban Bima Corporation for life insurance. In order to reinforce the Government's ongoing financial sector reform programs from earlier decade (see here), Bangladesh bank administered the World Bank's Financial Institutions Development Project from 2000 to 2006, which, according to Asian Development Bank, enabled "substantial progress towards sustainable financing of private sector initiatives to accelerate industrial growth in the country". There were developments in the Capital Market as well. In the beginning of the decade, shares and debentures of 442 companies were traded in the equity market (258 in Dhaka Stock Exchange and 184 in Chittagong Stock Exchange). The listing and trading of debt securities were minimum. The market capitalisation on 30 June 2000 in the two stock exchanges was Tk 80.86 billion and Tk 53.12 billion, equivalent to about $1.62 billion and $1.06 billion respectively. The establishment and incorporation of the Central Depository Bangladesh Ltd (CDBL) as a public limited company in August 2000 and the incorporation of the Central Depository System (CDS) as an independent company in January 2004 helped increase operational efficiency of the stock markets. From 2007 onwards, in the aftermath of the largest IPO at the time, that of Grameenphone Ltd., the market began to appreciate culminating in a significant bubble in 2010. In 2010 alone, the DSE was the second-highest performing market globally, with the general