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]

Meghna Bank Limited
TypeCommercial Bank
IndustryBanking
Founded21 April 2013
HeadquartersDhaka, Bangladesh
Area served
Bangladesh
Key people
H. N. Ashequr Rahman[1] (Chairman)
ProductsBanking services, ATM services

Consumer Banking
Corporate Banking

Investment Banking
Increase
Number of employees
890
Websitehttps://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

  1. "Board of Directors". basicbanklimited.com. Archived from the original on 17 July 2016. Retrieved 28 July 2016.
  2. "Meghna Bank opens ATM booth in Rangpur". The Financial Express Online Version. Retrieved 25 January 2016.
  3. "Meghna Bank celebrates 9th anniversary". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-02-03.
  4. Limited, Meghna Bank. "Meghna Bank Limited". Meghna Bank Limited. Retrieved 2023-02-03.
  5. "Meghna Bank plans transformation: Sohail RK Hussain". New Age. Retrieved 2023-02-03.
  6. Limited, Meghna Bank. "Meghna Bank Limited". Meghna Bank Limited. Retrieved 2023-02-03.
  7. "New chief joins Meghna Bank". The Daily Star. 2014-06-23. Retrieved 2023-02-03.
  8. "Banks sitting on Tk 1tn idle money". Prothom Alo. 2 December 2015. Archived from the original on 30 January 2016. Retrieved 25 January 2016.
  9. "Banks borrow from BB after a four-year gap". The Daily Star. Retrieved 25 January 2016.
  10. "Operating profits of most banks rise in 2015". Bdnews24.com. Retrieved 25 January 2016.
  11. "Meghna Bank gets new CEO". The Daily Star (Bangladesh). Retrieved April 22, 2018.
  12. Uddin, AKM Zamir (2019-03-03). "14 banks see unusual rise in default loans". The Daily Star. Retrieved 2023-02-03.
  13. Uddin, AKM Zamir (2018-08-14). "BB to block funds of 10 banks". The Daily Star. Retrieved 2023-02-03.
  14. "Meghna Bank gets new MD". The Daily Star. 2020-04-22. Retrieved 2023-02-03.
  15. "Meghna Bank wins The Global Economics' 'Fastest Growing Corporate Bank In Bangladesh' Award". The Daily Star. 2021-12-10. Retrieved 2023-02-03.
  16. "Meghna Bank gets ISO certificate". The Daily Star. 2022-11-20. Retrieved 2023-02-03.
  17. "Meghna Bank gets 3 new directors". The Daily Star. 2022-11-23. Retrieved 2023-02-03.
  18. "Meghna Bank gets three new directors". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-02-03.
  19. "Paramount Textile to sell its shares of Meghna Bank". The Business Standard. 2022-09-28. Retrieved 2023-02-03.
  20. "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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.