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The bank was incorporated on 26 June 1983. The government owns shares in the bank. The bank was listed in the Dhaka Stock Exchange (DSE) by 1986 and Chittagong Stock Exchange (CSE) by 1995. [11] [14] On 8 April 1993, Humayun Zahir, the first chairman of the United Commercial Bank was murdered following a dispute with other bank directors. [15]
To protect the banking sector, the employees, and customers of the firm, it was changed into a bank by Bangladesh Bank. [2] Bangladesh Commerce Bank Limited was incorporated on 1 June 1998. [2] S Alam Group is an investor in the bank. [3] In August 2004, Bangladesh Bank placed in a watchlist of "problem banks". [4] The bank donated to Prime ...
Uttara Bank PLC. is one of the largest and oldest private sector commercial banks in Bangladesh. [4] There are 243 branches at home and 600 affiliates worldwide. [ 4 ] Azharul Islam , chairman of Aftab Group , is the chairman of Uttara Bank PLC.
It was established by Vanik Incorporation Limited of Sri Lanka with Bangladesh partners. [8] Sampath Bank and Chinkara Capital (Singapore) Pte Ltd were partners in the venture as well. [8] In September 2007, Bangladesh Bank warned One Bank Limited for hiring a former managing director of the bank as a consultant violating banking rules. [9]
The Bank maintained a capital adequacy ratio at 11.46 percent as on December 31, 2011, against requirement of 10 percent set by Bangladesh Bank. Credit Rating Information and Services Limited (CRISL) rated the Bank AA− (Double A Minus) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2010.
The Department of Cooperatives considered liquidating the bank. [3] In January 2020, the Anti-Corruption Commission filed a case against three officials of Dhaka Mercantile Co-Operative Bank Limited, including the former chairman, vice chairman, and managing director of the bank, for embezzling 92.5 million BDT from the bank. [9] [10]
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 87 branches [4] and 214 ATMs in Bangladesh and employs around 3000 employees. [5] Eastern Bank PLC. is going to open its first overseas full-fledged branch in Calcutta, India. [6]