Probashi Kallyan Bank

Last updated

Probashi Kallyan Bank
TypeGovernment
Industry Banking
Founded2010;13 years ago (2010) in Dhaka, Bangladesh
Headquarters,
Bangladesh
Key people
Dr. Ahmed Munirus Salehin (Chairman) Md Mazibur Rahman (MD)
Products Consumer Banking
Corporate Banking
Investment Banking
Website pkb.gov.bd

Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis. [1] [2] [3]

Contents

History

The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Bangladeshis. [4] It had a start up capital of 1 billion taka. 95 percent of the capital came from Wage Earners' Welfare Fund and five percent from the government of Bangladesh. [5]

On 11 September 2016, Md Wahiduzzaman Khandaker was appointed Managing Director of Probashi Kallyan Bank. [6]

The bank has faced allegations of corruption and nepotism. [7] The bank also faced manpower shortages in 2020 harming daily operations of the bank. [8]

Expatriates' Welfare Minister Imran Ahmad is March 2021 announced plans to establish branches of the bank in every Upazlia in Bangladesh. [9] In August 2021, Probashi Kallyan Bank signed an agreement with NCC Bank to cooperate in remittance disbursement. [10]

Probashi Kallyan Bank established a currency exchange booth at the Hazrat Shahjalal International Airport in June 2022. [11] In September 2022, Md Mazibur Rahman was appointed Managing Director of Probashi Kallyan Bank. [12] [13] The previous Managing Director of the Bank, Md Zahidul Haque, was appointed Managing Director of Rajshahi Krishi Unnayan Bank. [14]

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References

  1. "Probashi Kallyan Bank will move to BB for soft loan to help overseas job seekers". The Financial Express. Dhaka. Archived from the original on 10 May 2017. Retrieved 2 October 2016.
  2. "Central bank opposes plan for new specialised bank". Dhaka Tribune. Retrieved 2 October 2016.
  3. "Make getting loans easy for overseas job-seekers: PM". The Business Standard. 7 February 2022. Retrieved 2 October 2022.
  4. "Coming Back Home". The Daily Star. 30 January 2016. Retrieved 2 October 2016.
  5. "International labour migration". The Daily Star. 5 February 2016. Retrieved 2 October 2016.
  6. "New chief for Probashi Kallyan Bank". The Daily Star. 11 September 2016. Retrieved 2 October 2022.
  7. "Nepotism widespread in Probashi Kallyan Bank". Dhaka Tribune. Retrieved 2 October 2016.
  8. Mahmud, Jamil (21 November 2020). "Probashi Kallyan Bank: Crippled by manpower shortage". The Daily Star. Retrieved 2 October 2022.
  9. "Plan to establish branches of Probashi Kallyan Bank in each upazila: Expatriates' welfare minister". The Daily Star. 24 March 2021. Retrieved 2 October 2022.
  10. "Probashi Kallyan Bank signs deal with NCC Bank for remittance disbursement". The Daily Star. 16 August 2021. Retrieved 2 October 2022.
  11. "Probashi Kallyan Bank sets up forex booth at Dhaka airport". The Daily Star. 11 June 2022. Retrieved 2 October 2022.
  12. "Probashi Kallyan Bank gets new MD". The Daily Star. 8 September 2022. Retrieved 2 October 2022.
  13. "Mazibur joins Probashi Kallyan Bank as MD". New Age. Retrieved 2 October 2022.
  14. "Zahidul joins RAKUB as MD". New Age. Retrieved 2 October 2022.