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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]
In June, the Bank had 19.54 billion BDT in bad loans accounting for 9.63 per cent of all loans of the bank. [20] In November, Bangladesh Bank appointed Md Shazzad Hossoin, an official of Bangladesh Bank, to one bank as an observer. [20] One Bank reduced their CEO pay following decline in profit in 2021. [21]
On 7 April 1972, after the Bangladesh Liberation War and the eventual independence of Bangladesh, the Government of Bangladesh passed the Bangladesh Bank Order, (P.O. No. 127 of 1972), reorganising the Dhaka branch of the State Bank of Pakistan as Bangladesh Bank, the country's central bank and apex regulatory body for the country's monetary and financial system.
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.
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 ...
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 ...
Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh. [1] This bank is fully owned by Bangladesh Police Welfare Trust. [2] Masihul Huq Chowdhury is the CEO and Managing Director of the Bank. [3] The board meetings of the bank is held at the headquarters of Bangladesh Police. [4] The Inspector General of ...