Standard Bank Limited

Last updated
Standard Bank Limited Bangladesh
Company typePrivate commercial bank
Industry Financial services
Banking
Founded Dhaka, Bangladesh
Headquarters Dhaka, Bangladesh
Key people
Kazi Akram Uddin Ahmed [1] (Founder & Chairman)
Kamal Mostafa Chowdhury [2] (Founder & Director)
Gulzar Ahmed (Director) [3]
Habibur Rahman, Managing Director(CEO)
Products Banking services
Consumer Banking
Corporate Banking
Investment Banking
Decrease2.svg
Website www.standardbankbd.com

Standard Bank Limited is a private commercial bank in Bangladesh. [4] founder by Kazi Akram Uddin Ahmed chairman of the bank and Kamal Mostafa Chowdhury is the founder vice-chairman and director of the bank. [5] It stands among the least proficient banks in its performance.

Contents

History

The bank was founded on 3 June 1999, with an approved capital of 750 million taka. [4] Kazi Akram Uddin Ahmed was the founding chairman of the bank. [6]

In July 2004, Standard Bank provided 100 million BDT credit to International Leasing and Financial Services Limited. [7]

The Bank decided provide a 12 per cent dividend in 2007 at the 9th annual general meeting at the BDR Darbar Hall presided by chairman Kazi Akramuddin Ahmed. [8]

Mamun-Ur-Rashid was appointed managing director of the bank in October 2016. [9]

The Anti-Corruption Commission filed a case against former managing director of Standard Bank Limited, Mamun Ur Rashid, and seven other officials of Sachetan Sahajjo Songstha and Standard Bank Limited for misappropriating 40 million BDT from the Bank in February 2021. [10] Senior Special Judge Md Asaduzzaman of the Dhaka Metropolitan Court sent former managing director of Standard Bank Limited, Mamun Ur Rashid, to jail in a case over the embezzlement of 40 million BDT from the bank in October 2022. [11]

Standard Bank Limited decided to switch to Sharia complaint banking from traditional banking; it remained close for four days in December 2020 to make the transition. [12]

Standard Bank comes to sport 2020 when its layoff employees during the pandemic. [13]

In 2021, a group of Standard Bank employees filed a complaint with the Bangladesh Bank alleging that the bank was violating labor laws. The complaint alleged that Standard Bank was forcing employees to work overtime without pay and that it was discriminating against pregnant women and women with young children. The Bangladesh Bank is still investigating the complaint.

In 2022, a group of Standard Bank employees staged a protest against the bank's management. The protesters alleged that the bank was failing to pay overtime wages to employees and that it was providing inadequate training and support to employees. The protest was eventually resolved, but it highlighted the concerns that some employees have about the way they are treated at Standard Bank.[ citation needed ]

In January 2023, Standard Bank Limited donated 40 million takas to the relief fund of Prime Minister Sheikh Hasina. [14] Kazi Khurram Ahmed, son of the Kazi Akram Uddin Ahmed, chairman of Standard Bank Limited, was elected vice-chairman of the bank. [15]

Financial services

Related Research Articles

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

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.

Pubali Bank PLC. is the largest commercial bank in Bangladesh. It has more branches than any other autonomous bank in the country. Monzurur Rahman is the present chairman of the bank.

Dutch-Bangla Bank PLC. (DBBPLC.) is a bank in Bangladesh. DBBPLC. 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">Janata Bank</span> State-owned commercial bank of Bangladesh

Janata Bank PLC. is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh. In 2019, Janata Bank had a fiscal deficit of 82.56 billion taka, the highest of any bank in Bangladesh ever. It's the best performing public bank in Bangladesh.

<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 PLC. (Bangladesh)</span> Bank in Bangladesh

Eastern Bank PLC. 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 PLC 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.

Islami Bank Bangladesh PLC. (IBBPLC.) 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 IBBPLC 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.

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

Mercantile Bank PLC is a commercial bank headquartered in Dhaka, Bangladesh.

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

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.

NCC Bank Limited or National Credit and Commerce Bank Limited is a Bangladeshi private commercial bank. Mohammad Mamdudur Rashid is the present Managing Director and CEO of the bank.

National Sports Awards are given by the Ministry of Youth and Sports, Government of Bangladesh for specific contributions in the field of games and sports. The award was introduced in 1976. As of 2011, total 175 sports personalities won the award.

Bangladesh 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.

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

Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.

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

The Premier Bank PLC. 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 founders and director of this Bank. M. Reazul Karim, FCMA is the current managing director & CEO.

Bangladesh Samabaya Bank Limited is a cooperative bank located in Dhaka, Bangladesh.

<span class="mw-page-title-main">South Bangla Agriculture and Commerce Bank Limited</span> 4th Generation Private commercial bank of Bangladesh

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 88 branches and 25 sub-branches around the country.

Uttara Finance and Investments Limited, also known as UFIL, is a major non-bank financial institution in Bangladesh. Major General (retired) Mohammad Maksudur Rahman is the chairman of Uttara Finance and Investments Limited. It is owned by the owners of Uttara Group of Companies.

References

  1. ↑ "Standard Bank plans big". The Daily Star.
  2. ↑ "Board of Directors". Standard Bank.
  3. ↑ "Gulzar Ahmed elected chairman of Executive Committee (EC) of Standard Bank Limited". The Business Standar. 4 April 2023.
  4. 1 2 Rahman, S M Mahfuzur. "Standard Bank Limited". Banglapedia. Retrieved 17 November 2016.
  5. ↑ "Standard Bank plans big". Standard Bank.
  6. ↑ "Southeast University and chakri.com Present Job Fair 2017". The Daily Star. 2017-11-24. Retrieved 2023-01-15.
  7. ↑ "Standard Bank extends Tk 150m credit facility to Int'l Leasing". The Daily Star. Retrieved 2023-01-15.
  8. ↑ "Standard Bank declares 12pc dividend". The Daily Star. 2008-08-03. Retrieved 2023-01-15.
  9. ↑ "New MD of Standard Bank". The Daily Star. 2016-10-03. Retrieved 2023-01-15.
  10. ↑ "Misappropriation of Tk 4 crore: ACC sues Standard Bank ex-MD, 7 others". The Daily Star. 2021-02-04. Retrieved 2023-01-15.
  11. ↑ "Embezzlement of Tk 4 crore: Standard Bank Limited ex-MD sent to jail". The Daily Star. 2022-10-30. Retrieved 2023-01-15.
  12. ↑ "Standard morphing into Shariah-based bank". The Daily Star. 2020-12-28. Retrieved 2023-01-15.
  13. ↑ "3,313 bankers quit in 19 months". Dhaka Tribune. 15 September 2021.
  14. ↑ "Standard Bank donates Tk4 crore to PM's shelter scheme". The Business Standard. 2023-01-15. Retrieved 2023-01-15.
  15. ↑ "Kazi Khurram Ahmed elected vice chairman of Standard Bank". The Business Standard. 2023-01-04. Retrieved 2023-01-15.
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.