Arab Bangladesh Bank Limited

Arab Bangladesh Bank Limited (AB Bank Limited) the first joint venture private sector bank. It was incorporated in Bangladesh on 31 December 1981 and started its operation with effect from 12 April 1982 with 200 million and 85 million Tk. as authorized and paid-up capital respectively. The bank renamed itself as AB Bank Limited and Bangladesh Bank approved it on 14 November 2007. As at the end of 2020 its authorized and paid-up capital and reserve fund stood at Tk. 15000 million, Tk. 7960 million and Tk. 16527 million respectively. In December 2020 the bank had 105 branches and a total of 2202 employees including 2047 officers.

A 5-member board of directors including the chairman governs the overall affairs of the bank. The chief executive of the bank is its managing director and president who is assisted by two additional managing directors and two deputy managing directors. The bank is listed with both Dhaka and Chittagong Stock Exchange.

AB Bank Limited has opened one foreign branch in Mumbai and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited.

AB Bank Limited operates small and medium enterprise (SME) credit, women’s entrepreneurship, consumer loans, debit and credit cards (local & international), ATMs, Internet and SMS banking, remittance, deposit mobilization, servicing import and export, investment, treasury products and services, corporate finance, Islamic banking, specialized products and services for NRBs, priority banking, and customer care.

Basic facts and Economic Indicators (In Million Taka).

Indicators 2018 2019 2020
Authorized Capital 15000 15000 15000
Paid up Capital 7581 7581 7960
Reserved Fund 15069 15296 16527
Deposits 235444 279458 290719
a) Call Deposits 28396 31464 38235
b) Term Deposits 207049 247994 252484
Loans and Advances 241070 256513 274830
Investment 53594 61579 63437
Total Asset 322526 364712 385763
Total Income 8648 12884 12146
Total Expenditure 5573 6433 5678
Foreign Currency Trading 190767 134349 97653
a) Export 73450 64024 46796
b) Import 89630 47370 32647
c) Remittance 27687 22955 18209
Total Manpower 2310 2210 2202
a) Officers 2140 2045 2047
b) Staff 170 165 155
Correspondent Banks 392 371 334
Total Branches (in numbers) 105 105 105
a) Domestic 104 104 104
b) Overseas 1 1 1
Agriculture Credit
Loan Disbursed 2998.1 1583 1490.4
Realised 1568 3148 1775
Industrial Credit
Loan Disbursed 35423 25911 14646
Realsied 34659 29248 11457
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 4338 2966 3294
Industry 80835 99756 103398
Trade and Commerce 41253 64391 73022
Poverty Reduction 0 0 0
CSR 172 39 170

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

AB Bank Limited launched the new logo on the 25th anniversary of its birth. It represents sheetal pati of Bangladesh as it reflects the bonding with the bank’s clientele and fulfilling their every need. AB Bank has reached its current stage after passing through so many changes during the last 39 years. [Muhammad Abdul Mazid]