History
Krishi Bank was established in 1973. [4]
Krishi Bank is one of six state owned banks in Bangladesh. [5] In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers. [6] On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank. [7]
On 30 January 2008, Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank. [8] [9] In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh. [10]
The bank was asked to stop providing loans to non-agricultural purposes. [11] The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to 2013. [11]
In December 2014, four Bangladesh Krishi Bank officials have faced investigations from the Anti-Corruption Commission. [12] The four were accused of providing a fraudulent loan to restaurateur Wahidur Rahman, owner of Firoz Group, for 1.52 billion taka. [12] [13]
In 2015, the Bangladesh Krishi Bank incurred a loss of 1589.3 million taka. [14] The Bank worked with the Department of Agricultural Extension in Netrokona District to provide loans to Boro rice Cultivators. [15] The Moulvibazar branch of the bank was robbed of over 600 thousand taka. [16]
On 23 November 2016, Muhammad Awal Khan was appointed managing director of Bangladesh Krishi Bank. [17]
In November 2017, Anti Corruption Commission sued six including three officers of the bank for embezzling 4.3 billion taka with the owners of M/S RN Sweaters. [18]
Anti-Corruption Commission sued 6 officials of Bangladesh Krishi Bank and Wahidur Rahman in August 2018 for embezzling 1.52 billion taka from 2009 to 2013. [13]
Justices M Enayetur Rahim and Sardar Md Rashed Jahangir asked the bank to explain why the bank had waived 480 taka interest on a loan to businessman and Bangladesh Nationalist Party politician Abbas Ali in May 2021. [19] It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh. [20] It had the highest loss at 7.74 billion taka. [20] The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank. [20] On 16 August, Shirin Akhter was appointed managing director of the bank. [21] After Shirin retired, she joined the Karmasangsthan Bank in December 2021. [22]
Bangladesh Krishi Bank asked for deposits from State owned enterprises. [23] In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka. [24] It received an appreciation letter for distributing loans from the Bangladesh Bank. [25] The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina. [26]
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