Company type | State owned |
---|---|
Industry | Banking |
Founded | Dhaka, Bangladesh |
Headquarters | Dhaka, Bangladesh |
Key people | Major General AKM Aminul Haque (Chairman) Mosaddeq-ul-Alam (Managing Director & CEO) |
Products | Banking services Consumer Banking Corporate Banking Investment Banking |
Website | ansarvdpbank |
Ansar-VDP Unnayan Bank is a specialized government owned bank in Bangladesh. [1] The bank was founded to provide financial services to the paramilitary Bangladesh Ansar and Village Defence Party. [2] [3] Major General AKM Nazmul Hasan is the chairman of this bank. [4] The bank has 259 branches across the country under 18 regions. [5] It is one of four specialized banks owned by the government of Bangladesh; the rest are Bangladesh Krishi Bank, Karmasangsthan Bank, and Rajshahi Krishi Unnayan Bank. [6]
The bank was established in 1995 through an act of parliament. Despite being a bank for Bangladesh Ansar and Village Defence Party members, it has failed to attract adequate interest from them. [2] It was founded after the 1994 Bangladesh Ansar mutiny as part of reforms after the mutiny. [7] [8] [9] The bank started operations in 1996 with 25 per cent owned by the government of Bangladesh and 75 per cent belong to the members of Bangladesh Ansar and Village Defence Party. [2]
In 2015, the Ansar-VDP Unnayan Bank asked the government to increase its stake in the bank from 25 per cent to 75 per cent as members of the Ansar and Village Defence Party were not interested in purchasing the shares available to them. [2]
In 2019, Md Mosaddake-Ul-Alam was appointed the managing director of Ansar-VDP Unnayan Bank. [10]
Ansar-VDP Unnayan Bank paid 435.1 million in taxes in 2021. [11]
Md Mosaddake-Ul-Alam was re-elected managing director of Ansar-VDP Unnayan Bank in June 2022. [10] Major General AKM Nazmul Hasan was appointed chairman of Ansar-VDP Unnayan Bank on 24 August 2022. [12] Bangladesh High Court appointed the former managing director of Ansar-VDP Unnayan Bank, Mohammad Jalal Uddin, to the board of directors of People's Leasing and Financial Services Limited. [13]
The International Finance Investment and Commerce Bank PLC. commonly known as IFIC Bank is a first generation Bangladeshi private commercial bank. IFIC Bank PLC is a banking company incorporated in the People's Republic of Bangladesh with limited liability. It was set up at the instance of the Government in 1976 as a joint venture between the Government of Bangladesh and Sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions aboard. In 1983 when the Government allowed banks in the private sector, IFIC was converted into a full-fledged commercial bank. The Government of the People's Republic of Bangladesh holds 32.75% of the share capital of the Bank and the rest is held by Institutions both Local & Foreign and General Shareholders. The Government is being represented by two nominated Directors on the Board of the Bank. Among them, the current Board of Directors are formed by Bangladesh Bank with four Independent Directors came from different sectors with vast knowledge and experience.
Rajshahi Krishi Unnayan Bank is a state-owned specialized bank in Bangladesh, a specialized financial institution for financing the farmers of the 16 districts of Rajshahi and Rangpur. The headquarters of the bank is in Rajshahi.
The Bangladesh Ansar and Village Defence Party is a paramilitary auxiliary force responsible for the preservation of internal security and law enforcement in Bangladesh. It is administered by the Ministry of Home Affairs of the government of Bangladesh. It has 6 million active and reserved members. It is the largest paramilitary force in the world.
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Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry. Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.
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Mijanur Rahman Khan is a retired major general in the Bangladesh Army. He was the director general of national paramilitary Bangladesh Ansar and Village Defence Party.
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Jubilee Banks is one of the oldest commercial banks in Bangladesh. It is a non-scheduled bank, one of five in Bangladesh. The others are Ansar-VDP Unnayan Bank, Grameen Bank, Karmasangsthan Bank, and Palli Sanchay Bank. It is scheduled for liquidation in 2022.
The Bangladesh Ansar mutiny was a mutiny staged from 1 December to 4 December 1994, in Shafipur and Khilgaon by a section of the Bangladesh Ansar, a paramilitary force tasked with providing security to government installations and aiding law enforcement in Bangladesh. The mutiny prompted a series of reforms by the government.
Sheikh Pasha Habib Uddin OSP, SGP, BAMS, afwc, psc is a retired two-star rank Bangladesh Army officer whose last appointment was director general of the Bangladesh Institute of International and Strategic Studies (BIISS). Prior to join BIISS, he was senior directing staff at the National Defense College. Earlier, he was commandant, Bangladesh Ordnance Factories (BOF) and the director general of Bangladesh Ansar and Village Defence Party. He also served as the chairman of Ansar-VDP Unnayan Bank.
Community Bank Bangladesh PLC. is one of the newly approved Scheduled Banks of Bangladesh. This bank is fully owned by Bangladesh Police Welfare Trust. Masihul Huq Chowdhury is the CEO and Managing Director of the Bank. The board meetings of the bank is held at the headquarters of Bangladesh Police. The Inspector General of Police, Chowdhury Abdullah Al-Mamun, is the chairman of the bank.
Mizanur Rahman Shamim is a Lieutenant General in the Bangladesh Army and incumbent Chief of General Staff at army headquarters. Prior to join CGS, he was the Principal Staff Officer of the Prime Minister's Office, Armed Forces Division. He had served as General Officer Commanding (GOC) of the 9th Infantry Division and Area Commander of the Savar Area.
A.K.M Aminul Haque is a major general of the Bangladesh Army and former director general of the Bangladesh Ansar and Village Defence Party. He was the chairman of the Ansar-VDP Unnayan Bank.
A.K.M Nazmul Hasan is a major general in the Bangladesh Army and Commandant of East Bengal Regimental Centre. Prior to that, he served as the Director General of the Special Security Force. Before that, he was the 24th Director General of the Border Guards Bangladesh (BGB). He also served as the Director General of the Bangladesh Ansar and the Village Defence Party. He was General Officer Commanding (GOC) of the 11th Infantry Division and Area Commander, Bogura Area.