Meghna Bank
Meghna Bank Limited is a bank in Bangladesh founded on 21 April 2013.[2][3] H. N. Ashequr Rahman, Awami League member of parliament, is the chairman of Bank.[4] The managing director is Sohail R K Hussain.[4][5]
Type | Commercial Bank |
---|---|
Industry | Banking |
Founded | 21 April 2013 |
Headquarters | Dhaka, Bangladesh |
Area served | Bangladesh |
Key people | H. N. Ashequr Rahman[1] (Chairman) |
Products | Banking services, ATM services Consumer Banking |
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Number of employees | 890 |
Website | https://www.meghnabank.com.bd |
History
Meghna Bank was established on 21 April 2013 as a fourth generation private bank in Bangladesh.[6] Mohammed Nurul Amin was appointed CEO and managing director of Meghna Bank in June 2014.[7]
Mohammad Nurul Amin, managing director of bank, said the bank had excess liquidity in December 2015.[8]
In January 2016, Meghna Bank took 350 million BDT from Bangladesh Bank as emergency cash due to a liquidity shortage along with AB Bank and Farmers Bank Limited.[9]
In January 2018, operating profit of the bank increased according to managing director Nurul Amin.[10] Adil Islam was appointed CEO and managing director of Meghna Bank in April 2018.[11] The Bank also saw an unusual increase in defaulted loans in 2018.[12] This led to Bangladesh Bank announcing punitive actions against the bank.[13]
Sohail RK Hussain was appointed CEO and managing director of Meghna Bank in 2022.[14]
In December 2021, Meghna Bank was identified as one of the top performing banks of Bangladesh according to the Global Economics Limited.[15]
Meghna Bank received the International Organization for Standardization certification in 2022.[16] Tarana Ahmed, director of Navana Pharmaceuticals Limited, Imrana Zaman Chowdhury, director of Navana Pharmaceuticals Limited, and SM Rezaur Rahman, director of Square Pharmaceuticals, were appointed directors of Meghna Bank.[17][18] Paramount Textile PLC, a subsidiary of Paramount Group, decided to sell 2,268,400 shares of Meghna Bank, its total shares of the bank, to Imrana Zaman Chowdhury.[19] It donated 20 million taka to the Prime Minister Sheikh Hasina's relief fund.[20]
References
- "Board of Directors". basicbanklimited.com. Archived from the original on 17 July 2016. Retrieved 28 July 2016.
- "Meghna Bank opens ATM booth in Rangpur". The Financial Express Online Version. Retrieved 25 January 2016.
- "Meghna Bank celebrates 9th anniversary". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-02-03.
- Limited, Meghna Bank. "Meghna Bank Limited". Meghna Bank Limited. Retrieved 2023-02-03.
- "Meghna Bank plans transformation: Sohail RK Hussain". New Age. Retrieved 2023-02-03.
- Limited, Meghna Bank. "Meghna Bank Limited". Meghna Bank Limited. Retrieved 2023-02-03.
- "New chief joins Meghna Bank". The Daily Star. 2014-06-23. Retrieved 2023-02-03.
- "Banks sitting on Tk 1tn idle money". Prothom Alo. 2 December 2015. Archived from the original on 30 January 2016. Retrieved 25 January 2016.
- "Banks borrow from BB after a four-year gap". The Daily Star. Retrieved 25 January 2016.
- "Operating profits of most banks rise in 2015". Bdnews24.com. Retrieved 25 January 2016.
- "Meghna Bank gets new CEO". The Daily Star (Bangladesh). Retrieved April 22, 2018.
- Uddin, AKM Zamir (2019-03-03). "14 banks see unusual rise in default loans". The Daily Star. Retrieved 2023-02-03.
- Uddin, AKM Zamir (2018-08-14). "BB to block funds of 10 banks". The Daily Star. Retrieved 2023-02-03.
- "Meghna Bank gets new MD". The Daily Star. 2020-04-22. Retrieved 2023-02-03.
- "Meghna Bank wins The Global Economics' 'Fastest Growing Corporate Bank In Bangladesh' Award". The Daily Star. 2021-12-10. Retrieved 2023-02-03.
- "Meghna Bank gets ISO certificate". The Daily Star. 2022-11-20. Retrieved 2023-02-03.
- "Meghna Bank gets 3 new directors". The Daily Star. 2022-11-23. Retrieved 2023-02-03.
- "Meghna Bank gets three new directors". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-02-03.
- "Paramount Textile to sell its shares of Meghna Bank". The Business Standard. 2022-09-28. Retrieved 2023-02-03.
- "Meghna Bank donates Tk 2 crore to PM's relief fund". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-02-03.