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Bangladesh Association of Banks was established in 1993 by nine private banks. The founding members were Al Baraka Bank Pakistan, AB Bank, The City Bank, IFIC Bank, National Bank Limited, United Commercial Bank Ltd, and Uttara Bank Limited. The first meeting was held on 12 December 1993 at the Hotel Sheraton (currently the InterContinental Dhaka).
It is the new version of the previously introduced Postal Cash Card and Electronic Money Transfer System (EMTS) of the Bangladesh Post Office. [4] Its headquarters is located at 36 Kemal Ataturk Avenue, Banani, Dhaka — 1213, Bangladesh. [5] Nagad is the first digital bank in the country. [6]
In February 2005, the chairman of the bank, Abu Zafar Chowdhury, defended the bank from Bangladesh Bank which questioned the use of bank in the name of Dhaka Mercantile Co-Operative Bank Limited. [6] On 11 July 2007, Group Captain Abu Zafar Chowdhury was re-elected chairman of Dhaka Mercantile Co-Operative Bank Limited. [7]
BASIC Bank Limited is one of seven state owned banks in Bangladesh. [9] In 2016 the finance minister in a statement described the state of the bank as weak due to graft by top officials of the bank and would require some time for improvement. [10] Sonali Bank UK Ltd and other international banks had censured Basic bank over irregularities. [11]
South Bangla Agriculture and Commerce Bank Public Limited Company (SBACBPLC) is a private commercial bank headquartered in Dhaka, Bangladesh. [1] It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. [2] The bank has network of 88 branches and 25 sub-branches around the ...
Islami Bank Bangladesh Ltd: Financials Banks Dhaka: 1983 Private bank P A Jaaz Multimedia: Consumer services Broadcasting & entertainment Dhaka: 2011 P A Jaijaidin: Consumer services Publishing Dhaka: 2006 Newspaper P A Jamuna Bank: Financials Banks Dhaka: 2001 Private commercial bank P A Jamuna Group: Conglomerates - Dhaka: 1974
City Bank PLC is a Bangladeshi private commercial bank headquartered in Dhaka. [3] The bank provides products and services in retail banking, corporate finance, SME finance, digital banking, asset management, equity brokerage, and securities.
Bangladesh Telecommunication Company Limited recovered 350 million taka from The Farmers Bank Limited on 1 November 2017 after the bank refused twice to allow them access to the funds. [8] The Bank sought support from Bangladesh Bank due to a liquidity crisis. [8] Bangladesh Bank refused to help until there was a change in the board of ...