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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
Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries. [ citation needed ] The U.S. branches are concentrated in six metropolitan areas, New York City , Chicago , Los Angeles , San Francisco , Washington, D.C. , and Miami .
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City Bank and United Commercial Bank were also targeted in the hacks. [11] A security guard at an ATM of Eastern Bank PLC. in Dhaka Cantonment was killed on duty in May 2018. [12] A. M. Shaukat Ali, Director of Eastern Bank and chairman of Chairman of Engineering Consultants and Associates Limited, died in August 2020. [13] Eastern Bank ...
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]
Romo Rouf Chowdhury, chairman of Rangs Group, was elected chairman of the bank in August 2022. [12] On 10 February 2024, Sohial R K Hussain was appointed managing director of Bank Asia Limited. [13] The bank distributed loans to 220 women farmers in June. [14] On 16 April 2024, Bank Asia Limited has changed its name to 'Bank Asia plc'. [15]
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]