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In 2016, Rupali Bank's top loan defaulter was AHZ Agro. [19] 10 branches of the bank made a loss in 2016. [20] Rupali Bank had distributed 137.71 billion taka of which 15.49 billion taka was bad loans, defaulted, and 10.19 billion taka in loans were written. [20] It had a capital shortfall of 1.45 billion taka. [21]
In 2006, Arif Habib acquired Rupali Bank and renamed it as Arif Habib Bank. [3] In 2007, Arif Habib was considered a fairly large financial services conglomerate in Pakistan. [3] [4] It owned one large asset management company, a big investment bank, a securities brokerage firm and a retail bank. [3]
Bank Makramah Limited's origins go back to Rupali Bank Limited, which had a limited presence as a foreign bank.Due to an increase in paid-up capital requirements by the State Bank of Pakistan, it became difficult for the bank to operate as a stand-alone entity. [4]
On 21 August 2019, he was appointed Managing Director of Rupali Bank and Ataur Rahman Prodhan replaced him as the Managing Director of Sonali Bank. [8] He retired from Rupali Bank on 27th August 2022. [9] Masud represents Rupali Bank at the Metropolitan Chamber of Commerce and Industry. [10] During his tenure, Rupali Bank received criticism for ...
Kazi Sanaul Hoq is a Bangladeshi banker and former Chairman of Rupali Bank Limited. [1] [2] He is a former managing director of Investment Corporation of Bangladesh. [3]His the former managing director of Dhaka Stock Exchange. [4]
However, the funds were still transferred out of the country, with Bangladesh Bank approving payments to SS Power’s Chinese partner, SEPCO, based on fake invoices and fabricated documents. An investigation by The Daily Star revealed that 184 fraudulent invoices were uploaded on the Bangladesh Bank server via Rupali Bank, which managed the LCs ...