Arab Bangladesh Bank Limited: Difference between revisions

VisualWikitext
(Content Updated.)
 
No edit summary
 
Line 1: Line 1:
'''Arab Bangladesh 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 authorised and paid up capital respectively. The bank renamed itself as AB Bank Limited and Bangladesh Bank approved it on 14 November 2007. On 31 December 2009 its authorized and paid-up capital and reserve fund stood at Tk. 6000 million, Tk. 2564 million and Tk. 3983 million respectively. In December 2009 the bank had 78 branches and a total of 1952 employees including 1751 officers. The Bank has correspondent relationship with over 450 international banks across 58 countries of the world.
'''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).
Basic facts and Economic Indicators (In Million Taka).
{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
|
| Indicators || 2018 || 2019 || 2020
Indicators
|-
|
| Authorized Capital || 15000 || 15000 || 15000
2004
|
2005
|
2006
|
2007
|
2008
|
2009
|-
|-
|
| Paid up Capital || 7581 || 7581 || 7960
Authorised Capital
|
800
|
800
|
2000
|
2000
|
3000
|
6000
|-
|-
|
| Reserved Fund || 15069 || 15296 || 16527
Paid up Capital
|
495
|
520
|
572
|
743
|
2230
|
2564
|-
|-
|
| Deposits || 235444 || 279458 || 290719
Reserved Fund
|
569
|
826
|
1456
|
2073
|
2703
|
3983
|-
|-
|
| a) Call Deposits || 28396 || 31464 || 38235
Deposits
|
27965
|
27361
|
42077
|
53375
|
68560
|
83087
|-
|-
|
| b) Term Deposits || 207049 || 247994 || 252484
a) Call Deposits
|
5811
|
5415
|
6336
|
8143
|
8763
|
11483
|-
|-
|
| Loans and Advances || 241070 || 256513 || 274830
b) Term Deposits
|
22154
|
21946
|
35711
|
45232
|
59797
|
71604
|-
|-
|
| Investment || 53594 || 61579 || 63437
Loans and Advance
|
10832
|
21385
|
31289
|
40915
|
56709
|
70880
|-
|-
|
| Total Asset || 322526 || 364712 || 385763
Investment
|
6628
|
4061
|
6301
|
8885
|
11409
|
16369
|-
|-
|
| Total Income || 8648 || 12884 || 12146
Total Asset
|
32674
|
33065
|
47964
|
63550
|
84054
|
106902
|-
|-
|
| Total Expenditure || 5573 || 6433 || 5678
Total Income
|
2884
|
3149
|
5030
|
8487
|
11485
|
14187
|-
|-
|
| Foreign Currency Trading || 190767 || 134349 || 97653
Total Expenditure
|
2328
|
2394
|
3503
|
5162
|
7187
|
8510
|-
|-
|
| a) Export || 73450 || 64024 || 46796
Foreign Currency Trading
|
34374
|
43360
|
69686
|
79840
|
110255
|
109213
|-
|-
|
| b) Import || 89630 || 47370 || 32647
a) Export
|
10100
|
12595
|
17876
|
20677
|
28940
|
30640
|-
|-
|
| c) Remittance || 27687 || 22955 || 18209
b) Import
|
19267
|
23151
|
42860
|
48441
|
70040
|
65960
|-
|-
|
| Total Manpower || 2310 || 2210 || 2202
c) Remittance
|
5007
|
7614
|
8950
|
10722
|
11275
|
12613
|-
|-
|
| a) Officers || 2140 || 2045 || 2047
Total Manpower
|
1726
|
1525
|
1590
|
1725
|
1804
|
1952
|-
|-
|
| b) Staff || 170 || 165 || 155
a) Officers
|
1381
|
1318
|
1382
|
1520
|
1602
|
1751
|-
|-
|
| Correspondent Banks || 392 || 371 || 334
b) Staff
|
344
|
207
|
208
|
205
|
202
|
201
|-
|-
|
| Total Branches (in numbers) || 105 || 105 || 105
Correspondent Banks
|
342
|
321
|
328
|
334
|
370
|
450
|-
|-
|
| a) Domestic || 104 || 104 || 104
Total Branches (in numbers)
|
70
|
67
|
68
|
71
|
72
|
78
|-
|-
|
| b) Overseas || 1 || 1 || 1
a) Domestic
|
69
|
66
|
67
|
70
|
71
|
77
|-
|-
|
| Agriculture Credit
b) Overseas
|
1
|
1
|
1
|
1
|
1
|
1
|-
|-
|
| Loan Disbursed || 2998.1 || 1583 || 1490.4
Agriculture Credit
|
|
|
|
|
|
|-
|-
|
| Realised || 1568 || 3148 || 1775
a) Loan Disbursed
|
679
|
513
|
765
|
2225
|
658
|
1210
|-
|-
|
| Industrial Credit
b) Realised
|
791
|
318
|
153
|
1007
|
722
|
575
|-
|-
|
| Loan Disbursed || 35423 || 25911 || 14646
Industrial Credit
|
|
|
|
|
|
|-
|-
|
| Realsied || 34659 || 29248 || 11457
a) Loan Disbursed
|
18973
|
11908
|
18169
|
25248
|
29257
|
29568
|-
|-
|
| Loan Outstanding by Sector
b) Realsied
|
18881
|
9988
|
12846
|
14393
|
19771
|
19544
|-
|-
|
| Agriculture and Fisheries and Forestry || 4338 || 2966 || 3294
Loan Outstanding by Secto
|
|
|
|
|
|
|-
|-
|
| Industry || 80835 || 99756 || 103398
a) Agriculture and Fisheries
|
436
|
160
|
351
|
851
|
802
|
1067
|-
|-
|
| Trade and Commerce || 41253 || 64391 || 73022
b) Industry
|
1118
|
950
|
2221
|
4912
|
7916
|
11568
|-
|-
|
| Poverty Reduction || 0 || 0 || 0
c) Trade and Commerce
|
9124
|
8249
|
12732
|
20291
|
23965
|
27566
|-
|-
|
| CSR || 172 || 39 || 170
d) Poverty Reduction
|
115
|
185
|
177
|
876
|
817
|
1237
|}
|}
''Sources'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli ''Annual Report on Banks and Financial Institutions'', 2004-05 to 2009-10.
A 14-member board of directors including the chairman and a vice 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| 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 and international), ATMs, Internet and SMS banking, remittance, deposit mobilisation, servicing import and export, investment, treasury products and services, corporate finance, Islamic banking, specialized products and services for NRBs, priority banking, and customer care.
''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.


The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the bank an A1 rating in the long term and ST-2 rating in the short Term in 2008.
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]


AB Bank Limited launched the new logo on the 25th anniversary of its birth. It represents our sheetal pati as it reflects the bonding with the bank's clientele and fulfilling their every need. [Muhammad Abdul Mazid]


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]

Latest revision as of 20:29, 13 October 2023

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]

Retrieved from "http://en.banglapedia.org/index.php?title=Arab_Bangladesh_Bank_Limited&oldid=14423"