Company type | Public Limited Company |
---|---|
DSE: DUTCHBANGL | |
Industry | |
Founded | 1996 |
Headquarters | Motijheel, Dhaka, Bangladesh |
Number of locations | 241 branches |
Area served | Bangladesh |
Key people | Ms. Sadia Rayen Ahmed (Chairman) |
Products | Retail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking |
৳14.536 billion (US$140 million) (2023) | |
৳8.017 billion (US$75 million) (2023) | |
Total assets | ৳593.883 billion (US$5.5 billion) (2023) |
Number of employees | 8060 (2023) |
Website | dutchbanglabank |
Footnotes /references [1] |
Dutch-Bangla Bank PLC., one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Dutch financial company FMO. [2] [3]
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. [4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. [4] [5] DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. [6]
In November 2007, Md Yeasin Ali was reappointed managing director of Dutch-Bangla Bank Limited. [7]
Robbers in Gazipur stole 12 million BDT from an ATM of Dutch-Bangla Bank. [8] Abul Kashem Md Shirin was appointed managing director of Dutch-Bangla Bank replacing KS Tabrez in November 2016. [9]
In June 2019, a group of foreign hackers stole 1.6 million BDT from ATMs of Dutch-Bangla Bank in Dhaka. [10] In June, it emerged that the bank lost 3 million USD to cyberattacks which also targeted NCC Bank Limited, and Prime Bank Limited. [11] In July, Abedur Rashid Khan, a director of Dutch-Bangla Bank Limited, transferred his shares of bank to Horizon Associates. [12] The Netherlands Development Finance Company sold their entire stake in Dutch-Bangla Bank in November 2019. [5]
Detective Branch arrested four people, including an IT personnel of Dutch-Bangla Bank Limited, for embezzling 25.7 million BDT from the bank in June 2021. [13] [14]
In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market. [15]
In March 2023, 112.5 million BDT from a transport van of the bank in Uttara Model Town. [16] [17] An agent banker of Dutch-Bangla disappeared from Kishoreganj District with 200 million BDT in clients money. [18]
DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it the largest network in Bangladesh. [19] [20] On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong. [21]
On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants. [22] Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers. [23]
Dutch Bangla Bank supports social work and is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs, medical and educational fields. [24] [25] [26] [27]
The International Finance Investment and CommerceBank PLC is a first generation Bangladeshi private commercial bank. It has joint ventures and subsidiaries in Nepal, Oman and the UK. IFIC Bank has decided to become a full-fledged Islamic or Shariah-based bank in November 2013.
Uttara Bank PLC. is one of the largest and oldest private sector commercial banks in Bangladesh. There are 243 branches at home and 600 affiliates worldwide. Azharul Islam, chairman of Aftab Group, is the chairman of Uttara Bank PLC.
Prime Bank PLC. is a public limited commercial bank in Bangladesh with its headquarters in Dhaka. With 146 branches and 170 ATM the bank has operation in corporate, consumer, MSME and sustainable banking. Tanjil Chowdhury, managing director of East Coast Group, is chairman of Prime Bank.
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Islami Bank PLC (IBPLC) is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. When IBPLC was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.
Jamuna Bank PLC is a commercial bank in Bangladesh registered under the Companies Act 1994. Jamuna Bank had 132 branches as of March 2019. Its head office is located at Plot No. 14, Bir Uttam A. K. Khandaker Road, Block# C, Gulshan-1, Dhaka, Bangladesh. Jamuna Bank Ltd is a 3rd generation private commercial bank, was established by a group of local entrepreneurs. The bank, aside from conventional, also provides Islamic banking through designated branches. The Bank has real-time online banking branches network to provide online banking.
Bashundhara Group is a Bangladeshi conglomerate and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). After its first project turned out to be successful, the company grew quickly. It presently owns more than 50 major concerns throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year. In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.
ONE Bank PLC (OBPLC) is a public limited commercial bank in Bangladesh. It is in the business of taking deposits from public through various saving schemes and lending the fund in various sectors at a higher margin. A.S.M. Shahidullah Khan is chairman and Md. Monzur Mofiz is the managing director of One Bank PLC.
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Export Import Bank of Bangladesh PLC. is one of the leading private commercial banks in Bangladesh. The Bank came into operation as a commercial bank on 3 August 1999 as per rules and regulations of Bangladesh Bank. From its establishment the bank was known as BEXIM Bank Limited. But due to legal constraints, the bank was renamed as EXIM Bank, which stood for Export Import Bank of Bangladesh Limited.
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