Exim Bank (Bangladesh)

Last updated

Export Import Bank of Bangladesh
Type Private
DSE:  EXIMBANK
CSE:  EXIMBANK
IndustryBanking
Founded3 August 1999 (1999 -08-03)
FounderShahjahan Kabir
Headquarters Dhaka, Bangladesh
Area served
145 branches & 56 sub branches in Bangladesh(November 2022) [1]
Key people
[2]
ServicesBanking
Financial services
Number of employees
3242 (2021) [3]
Website www.eximbankbd.com

Export Import Bank of Bangladesh Limited [4] (EXIM Bank) 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. [5] 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. [4]

Contents

History

EXIM Bank Limited was established in 1999 by Shahjahan Kabir, founder chairman. [6] Nazrul Islam Mazumder became the new chairman after the founding chairman died. [7] The bank started functioning from 3 August 1999 with Alamgir Kabir, as the adviser and Mohammad Lakiotullah as the managing director. The bank started its operation with an initial authorised capital of Taka 1 billion (US$12.87 million) and paid up capital of Taka 225 million (US$2.9 million). [8]

EXIM bank is the first bank in Bangladesh to have converted all of its operations of conventional banking into shariah-based banking, since July/2004. [9] In 2007 about 80 students of different institutions like (DU, BUET, DMC, VNCS, and NDC) have taken scholarship. [10] The bank sponsored the "Beautification Project" of Dhaka mega city conducted by Dhaka City Corporation. [11] [12] It organized a 630 million BDT loan for Outpace Spinning Mills Limited in October 2007. [13] On 2009, the bank made history for being the first privately owned bank in Bangladesh to open an exchange house in the UK. [14]

Since then the authorised and paid up capital remained unchanged till December 2000. Later, both were increased from time to time and their amounts stood at Tk.16.12 billion (US$207.31 million) and Tk.9.22 billion (US$118.7 million) respectively on 31 December 2011. [8]

Mohammed Haider Ali Miah was appointed managing director of EXIM Bank in July 2012. [15]

Mohammed Haider Ali Miah was reappointed managing director of EXIM Bank in July 2015. [16]

In February 2019, Bangladesh Securities and Exchange Commission approved a 6 billion BDT bond issue by EXIM Bank. [17] Mohammed Haider Ali Miah was reappointed managing director of EXIM Bank in July. [18]

In May 2020, EXIM Bank sued two directors of Sikder Group, Ron Haque Sikder, and Dipu Haque Sikder, for assaulting two officials of the bank over a loan dispute. [19] [20] After an investigation by Detective Branch, the names of the two directors were dropped from the criminal case. [21]

In March 2021, EXIM Bank announced plans to issue 6 billion BDT through issuing mudaraba perpetual bond. [22]

Mohammad Firoz Hossain was appointed managing director of EXIM Bank in September. [23] According to Bangladesh Bank in December 2022, Nazrul Islam Mazumder, chairman of EXIM Bank and Nassa Group, took 11.49 billion BDT loan from Islami Bank Bangladesh Limited. [24]

EXIM Bank Foundation

EXIM Bank Scholarship Program was launched in the year 2006 with 61 poor meritorious students selected from different reputed educational institutions of Dhaka City including Government Laboratory High School, Viqarunnisa Noon School and College, Dhaka University, BUET, Dhaka Medical College, etc. Till 30 April 2013, they have enrolled as many as 2100 students from around 350 reputed educational institutions across the country. [25]

EXIM Bank set up EXIM Bank Agricultural University Bangladesh (EBAUB), [26] a private agricultural university at Chapainawabgang, Rajshahi.

A 5-storied building having 10,000 square feet of floor space at 840 Kazi Para, Rokeya Sarani, Mirpur, Dhaka-1216 has been hired to set up Exim Bank Hospital. [27]

Awards and achievements

See also

Related Research Articles

<span class="mw-page-title-main">IFIC Bank</span> Bangladeshi private commercial bank

The International Finance Investment and CommerceBank Limited is a first generation Bangladeshi private commercial bank. The bank is ensuring cutting edge service with skilled workforce and revolutionary fintech support through more than 1240 modern business centers. It has extended its global corporate footprint in the form of Joint ventures and subsidiaries in Nepal, Oman and the UK

Prime Bank Limited is a private 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.

Dutch-Bangla Bank Limited (DBBL) is a bank in Bangladesh. DBBL is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed and a Dutch company FMO. The bank is often colloquially referred to as "DBBL", "Dutch Bangla" and "Dutch Bangla Bank".

<span class="mw-page-title-main">National Bank Limited</span> Bank in Bangladesh

The National Bank Limited is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank.

<span class="mw-page-title-main">Eastern Bank Ltd (Bangladesh)</span>

Eastern Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh. It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991. Its share are listed in the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank provides products and services in retail banking, corporate finance, asset management, equity brokerage and security. It has 85 branches and 214 ATMs in Bangladesh and employs around 3000 employees.

Dhaka Bank Limited is a private limited commercial bank in Bangladesh. Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country.

The Habib Group is a prominent Bangladeshi industrial conglomerate. Founded in Chittagong in 1947, it employs over 20,000 people and has various interests in textiles, aviation, cement, steel, real estate, insurance and banking. It is the parent company of Regent Airways, a Bangladeshi private airline, and Regent Power Limited, a power generating company. the company is also one of the oldest cement manufacturers of Bangladesh.

Islami Bank Bangladesh Ltd. (IBBL) 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. IBBL maintains its own ATM Booths with a country-wide shared ATM network. IBBL has been the largest private banking network in Bangladesh. When IBBL 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 Limited 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.

Southeast Bank Limited is a private commercial bank in Bangladesh. Alamgir Kabir is chairman of the bank and M Kamal Hossain is the managing director of the bank.

Al-Arafah Islami Bank Limited is an Islamic bank in Bangladesh. The Bank is controlled by S. Alam Group of Industries.

ONE Bank Limited (OBL) is a private sector 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 Limited.

<span class="mw-page-title-main">The City Bank</span> Bank in Bangladesh

The City Bank Limited is a Bangladeshi private commercial bank headquartered in Dhaka. The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security. It has 132 branches. The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh.

Mutual Trust Bank Limited is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairmanSheltech Consultants (Pvt) Ltd, is the chairman of Mutual Trust Bank Limited.

First Security Islami Bank Limited is a public limited bank in Bangladesh which was founded on 29 August 1999 provides sharia compliant banking. Mohammed Saiful Alam, chairman of S. Alam Group of Industries, is the chairman of First Security Islami Bank Limited. The bank experienced a cash crunch in 2022 after proving large unsecured loans.

<span class="mw-page-title-main">Premier Bank Limited</span> Bangladeshi commercial bank

The Premier Bank Limited (PBL) is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. Dr. H. B. M. Iqbal is the Chairman and Shafiqur Rahman is one of the founder & Director of this Bank. M. Reazul Karim, FCMA is the current Managing Director & CEO.

Shahjalal Islami Bank Limited (SJIBL) is a sharia compliant private sector commercial bank headquartered in Dhaka, Bangladesh.

<span class="mw-page-title-main">Standard Bank Limited</span>

Standard Bank Limited is a private commercial bank in Bangladesh. Khondokar Rashed Maqsood is the managing director and CEO of the bank as January 2020. Touhidul Alam Khan is the additional managing director of the bank as of 24 November 2020. Kazi Akram Uddin Ahmed is the founder chairman of the bank and Kamal Mostafa Chowdhury is the founder vice-chairman and director of the bank.

South Bangla Agriculture and Commerce Bank Limited(SBAC) is a private commercial bank headquartered in Dhaka, Bangladesh. It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. The bank has network of 85 branches and 24 sub-branches around the country.

Midland Bank Limited is a fourth generation private commercial bank in Bangladesh. Nilufer Zafarullah is chairperson of the bank. Md Ahsan-uz Zaman, is the managing director and CEO of Midland Bank Limited.

References

  1. ↑ "Exim Bank Branch List". EXIM Bank. 21 November 2022.
  2. ↑ "EXIM Bank Board of Directors". EXIM Bank. 7 May 2006. Retrieved 28 May 2014.
  3. ↑ "Financial Highlights". EXIM Bank. 16 April 2014. Retrieved 31 December 2021.
  4. 1 2 "Export Import Bank of Bangladesh Limited". Banglapedia. Retrieved 10 May 2016.
  5. ↑ "BankInfo". EXIM Bank. 11 November 2010. Retrieved 10 May 2014.
  6. ↑ "EXIM bank's history". EXIM Bank. 11 November 2010. Retrieved 10 May 2014.
  7. ↑ "BEXIM Bank founder passes away". southeastbank.com.bd. 11 November 2010. Retrieved 7 June 2014.
  8. 1 2 "EXIM BANK – BRAC University Institutional Repository" (PDF). BRAC University. 11 November 2012. Retrieved 7 June 2014.
  9. ↑ "EXIM Bank converts to Shariah based banking". LankaBangla Financial Portal. 11 November 2013. Archived from the original on 6 August 2013. Retrieved 8 June 2014.
  10. ↑ "Review of CSR Initiatives in Banks (2008 & 2009)" (PDF). Bangladesh Bank. April 2010. Archived from the original (PDF) on 13 August 2017. Retrieved 8 June 2014.
  11. ↑ "Massive beautification of city for Saarc Summit". The Daily Star. 1 November 2004. Retrieved 8 June 2014.
  12. ↑ "City greening moves fast". News from Bangladesh. 16 October 2004. Retrieved 8 June 2014.
  13. ↑ "Tk125cr syndicated loans arranged for spinning, composite textile mills". The Daily Star. 24 October 2007. Retrieved 16 April 2023.
  14. ↑ "3 more banks to offer offshore banking". Priyo News. 23 August 2011. Archived from the original on 15 February 2014. Retrieved 16 June 2014.
  15. ↑ "Exim Bank gets new MD". The Daily Star. 26 July 2012. Retrieved 16 April 2023.
  16. ↑ "Exim Bank reappoints MD". The Daily Star. 26 July 2015. Retrieved 16 April 2023.
  17. ↑ "BSEC approves Tk600cr Exim Bank bond". The Daily Star. 21 February 2019. Retrieved 16 April 2023.
  18. ↑ "Exim Bank MD reappointed". The Daily Star. 25 July 2019. Retrieved 16 April 2023.
  19. ↑ Report, Star Online (27 May 2020). "Case filed over attempt to shoot Exim Bank top officials". The Daily Star. Retrieved 16 April 2023.
  20. ↑ Staff correspondent (29 May 2020). "Case filed over 'torturing 2 top bank officials'". The Daily Star. Retrieved 16 April 2023.
  21. ↑ "Torturing Exim Bank officials: DB submits report dropping names of Ron Sikder, his brother". The Daily Star. 9 August 2021. Retrieved 16 April 2023.
  22. ↑ "EXIM Bank to raise Tk 600cr through Mudaraba bond". The Daily Star. 22 March 2021. Retrieved 16 April 2023.
  23. ↑ "Exim Bank gets new managing director". The Daily Star. 18 September 2022. Retrieved 16 April 2023.
  24. ↑ Uddin, AKM Zamir (18 December 2022). "Bangladesh Bank looked away as tycoons borrowed at will from 2 banks". The Daily Star. Retrieved 16 April 2023.
  25. ↑ "EXIM includes 580 more students in regular scholarship programme". The Financial Express. 4 July 2013. Retrieved 11 June 2014.
  26. ↑ "PM opens Exim Bank Agricultural University". Bangladeshinfo.com. 11 October 2013. Archived from the original on 14 July 2014. Retrieved 11 June 2014.
  27. ↑ "Healthcare service". EXIM Bank. 11 October 2011. Retrieved 30 June 2014.
  28. ↑ "ICMAB awards best corporate players". The Daily Star. 13 January 2013. Retrieved 8 June 2014.
  29. ↑ "Exim Bank gets BIZZ Award −2013". The News Today. 14 January 2014. Retrieved 8 June 2014.
  30. ↑ "Exim Bank gets int'l award". Daily Sun. 10 December 2012. Retrieved 8 June 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.