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City Bank became the third bank in Bangladesh to offer UnionPay debit cards in August 2020. [19] In July 2021, CDC Group provided a US$30 million loan to City Bank. [20] Since the new offshore banking law was passed in March 2024, City Bank has managed to build offshore deposits of nearly US$21 million within two months.
In April 2024, the central bank of Bangladesh issued banking merger policy for merger of weak banks with strong banks – both voluntary and mandatory. [2] Following merger process are ongoing: [ 3 ] Padma Bank Limited merged with EXIM Bank PLC
The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. [3] [4] H. B. M. Iqbal is the Chairman [5] and Shafiqur Rahman is one of the founders and director of this Bank. [6] Mohammad Abu Jafar, is the current managing director & CEO. [7] Agrabad Corporate Branch, Chittagong.
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]
As of October 2024, Shimanto Bank PLC has 25 branches, [14] 7 sub-branches and 28 ATM booths. In August 2022, Rafiqul Islam was appointed the chief executive officer and managing director of the bank [15] Bangladesh Securities and Exchange Commission has asked Shimanto Bank to make preparations for an initial public offering. [16]
Bangladesh Krishi Bank asked for deposits from State owned enterprises. [23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka. [24] It received an appreciation letter for distributing loans from the Bangladesh Bank. [25] The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina ...
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ICB Islamic Bank was established in 1987 and started operations on 20 May 1987 as Al-Baraka Bank. [5] [6] The bank listed on Dhaka Stock Exchange in 1990. [7] By 1994, the bank ran into financial troubles. [6] In 2004, the bank was reorganized and renamed to Oriental Bank. [6]