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'''Pubali Bank Limited'''  is the largest commercial bank in private sector. It is the successor of the former Eastern Mercantile Bank Limited incorporated in 1959 under the Companies Act 1913. After the independence of Bangladesh in 1971, Eastern Mercantile Bank Ltd was nationalised under Bangladesh Bank's (nationalisation) Ordinance 1971 and was renamed as Pubali Bank. As per Bangladesh Bank's (nationalisation) Amendment Ordinance 1983, the bank was denationalised on 30 June 1983 and giving its original name Pubali Bank Limited. The government of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then Pubali Bank Limted has been involved in commercial banking services as the largest bank in the private sector of Bangladesh. The bank is registered and enlisted at [[Dhaka Stock Exchange, The|dhaka stock exchange]] and [[Chittagong Stock Exchange|chittagong stock exchange]].
'''Pubali Bank Limited'''  largest commercial bank in private sector in Bangladesh. It is the successor of the former Eastern Mercantile Bank Limited incorporated in 1959 under the Companies Act 1913. After the independence of Bangladesh in 1971, Eastern Mercantile Bank Ltd was nationalized under Bangladesh Bank’s (nationalization) Ordinance 1971 and was renamed as Pubali Bank. As per Bangladesh Bank’s (nationalization Amendment Ordinance 1983, the bank was denationalized on 30 June 1983 and giving its original name Pubali Bank Limited. The government of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then, Pubali Bank Limited has been involved in commercial banking services as the largest bank in the private sector of Bangladesh. The bank is registered and enlisted at [[Dhaka Stock Exchange, The|dhaka stock exchange]] and [[Chittagong Stock Exchange|chittagong stock exchange]].  
 
The pubali bank takes an initiative to alleviation poverty, unemployment and backwardness rate in socio-economic sectors giving assistance to agriculture and large, medium and small-scale industries entrepreneurs. Moreover, the bank also promotes financing of infrastructure and industry establishments. The bank is offering incentive to generate new industrial entrepreneurs’. Pubali bank also plays a creative role to improve health sector.
The main functions of the bank include deposit mobilization, financing productive activities, conducting foreign exchange business and providing various types of banking services to its customers. The lending were mostly in jute, textile, readymade garments and other large, medium and small scale industries, transport, housing, small and medium enterprise financing, rural and agricultural credit, working capital financing, micro credit, credit to trade and commerce and export-import financing. The bank established correspondent relationships with 357 foreign banks and different international financial institutions. Investments of the bank on 31 December in 2019 stood at Tk 147,906 million in government securities, income tax bond, treasury bills, loans to government, national investment bond, bridge financing, shares and debentures of companies and national prize bonds.
 
Pubali Bank Ltd takes different programs to develop economy including foreign currency income. To avoid difficulties and disquieting situations in sending remittances of Bangladeshi expatriate people and to reach their money to their relatives, the Pubali Bank has set up a network with 357 representative institutions and Western Union Bank. The bank is rendering swiftly such money through its 482 branches network all over the country. Moreover, SWIFT division of the bank is connected with 100 banks over the world. The bank offers a project named Non-resident Credit Scheme to the expatriate wage earners. Under this programme, the people who want to go abroad as an employee can receive loan in easy terms from this bank.
 
Basic Facts and Economic Indicators (In Million Taka)


{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
| colspan="7" | Basic facts and economic indicators (in million Taka)
| Indicators || 2018 || 2019 || 2020
|-  
|-
| Indicators || 2004 || 2005 || 2006 || 2007 || 2008 || 2009
|Authorized Capital || 20000 || 20000 || 20000
|-  
|-
| Authorised capital || 5000 || 5000 || 5000 || 5000 || 5000 || 5000
|Paid up Capital || 9983.4 || 10282.9 || 10282.2
|-  
|-
| Paid up capital || 200 || 400 || 1200 || 2100 || 2940 || 3822
|Reserved Fund || 17393.7 || 18528.6 || 28905.1
|-  
|-
| Reserved Fund || 2108 || 2481 || 3328 || 3663 || 4607 || 5687
|Deposits || 308899.8 || 359418.9 || 429343
|-  
|-
| Deposits || 39789 || 44503 || 48676 || 57987 || 73016 || 88466
|a) Call Deposits || 56513 || 63047 || 73384.3
|-  
|-
| (a) Call Deposits || 10113 || 13159 || 15408 || 17966 || 22389 || 27432
|b) Term Deposits || 252386.8 || 296371.6 || 355958.7
|-  
|-
| (b) Term Deposits || 29676 || 31344 || 33268 || 40020 || 50627 || 61034
|Loans and Advances || 270909.5 || 287034.7 || 315578.9
|-  
|-
| Loans and Advance || 27543 || 32640 || 40387 || 50530 || 61788 || 74204
|Investment || 57660.2 || 100603.9 || 147906
|-  
|-
| Investment || 5742 || 5537 || 4982 || 5557 || 8376 || 12169
|Total Asset || 409744.1 || 473467.7 || 565032
|-  
|-
| Total Asset || 46593 || 52671 || 58401 || 71561 || 89885 || 107580
|Total Income || 32225.7 || 36313 || 38175.9
|-  
|-
| Total income  || 3455 || 4436 || 5494 || 7088 || 9009 || 10664
| Total Expenditure || 23368 || 27153.3 || 29164.8
|-  
|-
| Total Expenditure || 2830 || 3063 || 3684 || 4336 || 5563 || 6824
|Foreign Currency Trading || 308272.8 || 319094.8 || 303693
|-  
|-
| Foreign Currency Trading || 43448 || 56615 || 70957 || 92343 || 110995 || 120484
|a) Export || 104835.1 || 100381.5 || 87340
|-  
|-
| a) Export || 13670 || 15721 || 17702 || 19908 || 24796 || 24740
|b) Import || 155713.7 || 156984.3 || 164240
|-  
|-
| b) Import || 18024 || 26034 || 37317 || 48345 || 58009 || 60494
|c) Remittance || 47724 || 61729 || 52113
|-  
|-
| c) Remittance || 11754 || 14860 || 15938 || 24090 || 28190 || 35250
|Total manpower || 7587 || 8153 || 8118
|-  
|-
| Total Manpower || 4797 || 5088 || 5141 || 5270 || 5321 || 5115
|a) Officers || 5507 || 6146 || 6139
|-  
|-
| a) Officers || 3050 || 3319 || 3474 || 3633 || 3703 || 3554
|b) Staff || 2080 || 2007 || 1979
|-  
|-
| b) Staff || 1747 || 1769 || 1667 || 1637 || 1618 || 1561
|Correspondent Banks || 347 || 339 || 357
|-  
|-
| Correspondents Banks || 435 || - || - || 367 || 368 || 270
|Total Branches (in numbers) || 473 || 482 || 482
|-  
|-
| Total Branches (in numbers) || 350 || 350 || 365 || 361 || 371 || 386
|a) Domestic || 473 || 482 || 482
|-  
|-
| a) Domestic || 350 || 350 || 356 || 361 || 371 || 386
|b) Overseas || 0 || 0 || 0
|-  
|-
| b) Overseas || - || - || - || - || - || -
|Agriculture Credit
|-  
|-
| Agriculture Credit ||  ||  ||  ||  ||  ||
|Loan Disbursed || 2118.6 || 3972.4 || 3291.4
|-  
|-
| Loan Disbursed || - || - || - || - || 4 || 5
|Realised || 777 || 3930.3 || 4417.2
|-  
|-
| Realised || 176 || 8 || 8 || 8 || 2 || 2
|Industrial Credit
|-  
|-
| Industrial Credit ||  ||  ||  ||  ||  ||
|Loan Disbursed || 49564.6 || 48402.1 || 45332.5
|-  
|-
| Loan Disbursed || 2625 || 7632 || 11174 || 9159 || 23806 || 27052
|Realsied || 32572.4 || 43044.1 || 33648.2
|-  
|-
| Realsied || 1198 || 4253 || 8136 || 3471 || 6514 || 7402
|Loan Outstanding by Sector
|-  
|-
| Loan Outstanding by Sector ||  ||  ||  ||  ||  ||
|Agriculture and Fisheries and Forestry || 4951.6 || 5031.6 || 6078.9
|-  
|-
| a) Agriculture and Fisheries || 8 || 204 || 246 || 221 || 232 || 279
|Industry || 35565.4 || 45251.4 || 57982.3
|-  
|-
| b) Industry || 2382 || 3875 || 6640 || 7336 || 5934 || 7126
|Trade and Commerce || 84324.1 || 90420.7 || 96738.8
|-  
|-
| c) Trade and Commerce || 15299 || 13946 || 19532 || 26029 || 31838 || 38236
|Poverty Reduction || 218.5 || 43.3 || 56.7
|-  
|-
| d) Poverty Reduction || 111 || 51 || 51 || 126 || 154 || 185 |-
|CSR || 91.4 || 73.4 || 241.6
|}
|}


''Source'' 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.
''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 pubali bank takes an initiative to alleviation poverty, unemployment and backwardness rate in socio-economical sectors giving assistance to agriculture and large, medium and small-scale industries entrepreneurs'. Moreover, the bank also promotes financing of infrastructure and industry establishments. The bank is offering incentive to generate new industrial entrepreneurs'. Pubali bank also plays a creative role to improve health sector.
 
The main functions of the bank include deposit mobilisation, financing productive activities, conducting foreign exchange business and providing various types of banking services to its customers. The lending were mostly in jute, textile, readymade garments and other large, medium and small scale industries, transport, housing, small and medium enterprise financing, rural and agricultural credit, working capital financing, micro credit, credit to trade and commerce and export-import financing. The bank established correspondent relationships with 368 foreign banks and different international financial institutions. Investments of the bank on 3 December in 1999 stood at Tk 3,318 million in government securities, income tax bond, treasury bills, loans to government, national investment bond, bridge financing, shares and debentures of companies and national prize bonds. The bank earned net profits after taxes but before adjusting provision requirements in all years from 1984, except 1990 and 1991.


Pubali Bank Ltd takes different programmes to develop economy including foreign currency income. To avoid difficulties and disquieting situations in sending remittances of Bangladeshi expatriate people and to reach their money to their relatives, the Pubali Bank has set up a network with 57 representative institutions and Western Union Bank. The bank is rendering swiftly such money through its 386 branches network all over the country. Moreover, SWIFT division of the bank is connected with 100 banks over the world. The bank offers a project named Non-resident Credit Scheme to the expatriate wage earners. Under this programme, the people who want to go abroad as an employee can receive loan in easy terms from this bank.
The management of the bank is vested in a 17-member board of directors with the managing directors as its chief executive. Besides, the three high officers include managing director and CEO, deputy managing director, general manager and consultant. At present, there are four hundred branches in different district of Bangladesh.  


The management of the bank is vested in a 14-member board of directors with the managing directors as its chief executive. Besides, the three high officers include managing director and CEO, deputy managing director, general manager and consultant. At present, there are four hundred branches in different district of Bangladesh. The growth of annual profit of the bank was on average more than 25% in last five years. Pubali Bank achieved DUBLE in Credit Rating based on the review of audited financial report in 2009 conducted by Credit Rating Agency of Bangladesh. The Credit Rating Agency declared as DUBLE A 3 to the pubali bank in long-term business and ST 1 in short term transaction sector. It means that the capability of the bank in paying off financial liabilities is high and able to faces whatever catastrophes. In 2008, the bank also attained Credit Rating A. Pubali Bank Limited got Daily Star DHL 2010 reward as the best-unbeaten bank for the performance of previous year. [Muhammad Abdul Mazid]
In 2019, bank deposits accounted for 2.8 per cent of total banking sector deposits and loans and advances accounted for 2.6per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.3 percent. [Muhammad Abdul Mazid]


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


[[bn:পূবালী ব্যাংক লিমিটেড]]
[[bn:পূবালী ব্যাংক লিমিটেড]]

Latest revision as of 20:31, 13 October 2023

Pubali Bank Limited largest commercial bank in private sector in Bangladesh. It is the successor of the former Eastern Mercantile Bank Limited incorporated in 1959 under the Companies Act 1913. After the independence of Bangladesh in 1971, Eastern Mercantile Bank Ltd was nationalized under Bangladesh Bank’s (nationalization) Ordinance 1971 and was renamed as Pubali Bank. As per Bangladesh Bank’s (nationalization Amendment Ordinance 1983, the bank was denationalized on 30 June 1983 and giving its original name Pubali Bank Limited. The government of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then, Pubali Bank Limited has been involved in commercial banking services as the largest bank in the private sector of Bangladesh. The bank is registered and enlisted at dhaka stock exchange and chittagong stock exchange.

The pubali bank takes an initiative to alleviation poverty, unemployment and backwardness rate in socio-economic sectors giving assistance to agriculture and large, medium and small-scale industries entrepreneurs. Moreover, the bank also promotes financing of infrastructure and industry establishments. The bank is offering incentive to generate new industrial entrepreneurs’. Pubali bank also plays a creative role to improve health sector.

The main functions of the bank include deposit mobilization, financing productive activities, conducting foreign exchange business and providing various types of banking services to its customers. The lending were mostly in jute, textile, readymade garments and other large, medium and small scale industries, transport, housing, small and medium enterprise financing, rural and agricultural credit, working capital financing, micro credit, credit to trade and commerce and export-import financing. The bank established correspondent relationships with 357 foreign banks and different international financial institutions. Investments of the bank on 31 December in 2019 stood at Tk 147,906 million in government securities, income tax bond, treasury bills, loans to government, national investment bond, bridge financing, shares and debentures of companies and national prize bonds.

Pubali Bank Ltd takes different programs to develop economy including foreign currency income. To avoid difficulties and disquieting situations in sending remittances of Bangladeshi expatriate people and to reach their money to their relatives, the Pubali Bank has set up a network with 357 representative institutions and Western Union Bank. The bank is rendering swiftly such money through its 482 branches network all over the country. Moreover, SWIFT division of the bank is connected with 100 banks over the world. The bank offers a project named Non-resident Credit Scheme to the expatriate wage earners. Under this programme, the people who want to go abroad as an employee can receive loan in easy terms from this bank.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital 20000 20000 20000
Paid up Capital 9983.4 10282.9 10282.2
Reserved Fund 17393.7 18528.6 28905.1
Deposits 308899.8 359418.9 429343
a) Call Deposits 56513 63047 73384.3
b) Term Deposits 252386.8 296371.6 355958.7
Loans and Advances 270909.5 287034.7 315578.9
Investment 57660.2 100603.9 147906
Total Asset 409744.1 473467.7 565032
Total Income 32225.7 36313 38175.9
Total Expenditure 23368 27153.3 29164.8
Foreign Currency Trading 308272.8 319094.8 303693
a) Export 104835.1 100381.5 87340
b) Import 155713.7 156984.3 164240
c) Remittance 47724 61729 52113
Total manpower 7587 8153 8118
a) Officers 5507 6146 6139
b) Staff 2080 2007 1979
Correspondent Banks 347 339 357
Total Branches (in numbers) 473 482 482
a) Domestic 473 482 482
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 2118.6 3972.4 3291.4
Realised 777 3930.3 4417.2
Industrial Credit
Loan Disbursed 49564.6 48402.1 45332.5
Realsied 32572.4 43044.1 33648.2
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 4951.6 5031.6 6078.9
Industry 35565.4 45251.4 57982.3
Trade and Commerce 84324.1 90420.7 96738.8
Poverty Reduction 218.5 43.3 56.7
CSR 91.4 73.4 241.6

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 management of the bank is vested in a 17-member board of directors with the managing directors as its chief executive. Besides, the three high officers include managing director and CEO, deputy managing director, general manager and consultant. At present, there are four hundred branches in different district of Bangladesh.

In 2019, bank deposits accounted for 2.8 per cent of total banking sector deposits and loans and advances accounted for 2.6per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 4.3 percent. [Muhammad Abdul Mazid]

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