Pubali Bank PLC.
Pubali Bank PLC. (Bengali: পূবালী ব্যাংক) is the largest commercial bank in Bangladesh. It has more branches than any other autonomous bank in the country.[3] Monzurur Rahman is the present chairman of the bank.
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Company type | Public limited company |
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Industry | Banking, financial services |
Founded | 1959 |
Headquarters | 26 Dilkusha Commercial Area Dhaka, Bangladesh |
Number of locations | 491 |
Area served | Bangladesh |
Key people | Monzurur Rahman (Chairman) |
Products | Retail banking, corporate banking, mortgage loans, banking, credit cards, finance and insurance |
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Total assets | ![]() |
Number of employees | 1229[1] (2023) |
Website | https://www.pubalibankbd.com/ http://www.pubalibangla.com/ |
Footnotes / references [2] |
History
Pubali Bank was started in East Pakistan as Eastern Mercantile Bank Limited in the year 1959 under Bank Companies Act 1913 by Bengali businessmen.[4] After independence of Bangladesh in 1971 this Bank was nationalized under Bangladesh Bank's (nationalisation) Ordinance and renamed as Pubali Bank.[4]
Subsequently, Pubali Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited.[3]
The Bank signed a 100 million taka loan agreement with Uttara Finance and Investments Limited in 2007.[5]
In 2009, Pubali Bank had reserves worth 88.89 billion taka.[6] It's non-performing loans went from 18.4 per cent in 2004 to 2.96 per cent.[6]
In February 2014, Bangladesh High Court Division remove eight members of the board of directors including chairman Hafiz Ahmed Mazumder for not possessing the minimum required shares in response to a petition filed by Shafee Ahmed Chowdhury, a shareholder of the bank.[7][8]
Five million taka went missing in the bank's branch in Chittagong in 2016 following which five employees of the bank were arrested.[9][10] Three employees of the bank in Chittagong were sent to jail for embezzling 128.6 million taka from the bank.[11] In January, Safiul Alam Khan Chowdhury was appointed managing director of Pubali Bank.[12] In May, Habibur Rahman was appointed chairman of the bank.[13] That's It Fashions Limited, a subsidiary of Ha-Meem Group, announced plans to purchase 11 million shares of Pubali Bank.[14]
In May 2019, Azizul Huq was elected chairman of the Pubali Bank.[15]
In 2021, Bangladesh Securities and Exchange Commission approved 5 billion taka perpetual bonds of the bank.[16] It signed a 52 million USD loan agreement with Bank Muscat.[17]
The Pubali Bank donated one million taka to Bishwo Shahitto Kendro in October 2022.[18] It received 50 million USD from the British International Investment.[19]
Board of directors
Name | Position | Reference |
---|---|---|
Monzurur Rahman | Chairman | [20] |
Moniruddin Ahmed | Director | [20] |
Habibur Rahman | Director | [20] |
Ahmed Shafi Choudhury | Director | [20] |
Fahim Ahmed Faruk Chowdhury | Director | [20] |
Rumana Sharif | Director | [20] |
M. Kabiruzzaman Yaqub | Director | [20] |
Musa Ahmed | Director | [20] |
Azizur Rahman | Director | [20] |
Md. Abdur Razzak Mondal | Director | [20] |
Rana Laila Hafiz | Director | [20] |
Mustafa Ahmed | Director | [20] |
Shahdeen Malik | Independent Director | [20] |
Mohammad Naushad Ali Chowdhury | Independent Director | [20] |
Mohammad Ali | Managing Director | [20] |
References
- https://www.linkedin.com/company/pubalibanklimited
- "Balance Sheet as on 31 December 2018" (PDF). Pubali Bank Limited. 31 December 2018.
- "Pubali Bank Limited". Banglapedia. Retrieved 2016-05-09.
- "Bank Profile & History". Pubali Bank Limited. Retrieved 26 November 2022.
- "Pubali Bank, Uttara Finance ink Tk10cr term loan agreement". The Daily Star. 2007-09-25. Retrieved 2022-11-26.
- "Pubali Bank to expand horizon". The Daily Star. 2010-02-09. Retrieved 2016-05-09.
- "Posts of eight Pubali Bank directors vacant: HC". The Daily Star. 2014-02-26. Retrieved 2022-11-26.
- "Pubali Bank loses Chairman, directors". bdnews24.com. Retrieved 2022-11-26.
- "Tk 50 lakh of Pubali Bank missing mysteriously in Ctg". The Daily Star. 2016-02-11. Retrieved 2016-05-09.
- "Pubali Bank's missing Tk 50 lakh in Ctg yet to be traced". The Daily Star. 2016-02-13. Retrieved 2022-11-26.
- "Pubali Bank Scam: Branch manager, two others sent to jail". The Daily Star. 2019-01-15. Retrieved 2022-11-26.
- "Pubali Bank gets new additional MD". The Daily Star. 2016-01-03. Retrieved 2016-05-09.
- "Pubali Bank elects new chairman". The Daily Star. 2016-05-02. Retrieved 2016-05-09.
- "That's It Fashions to buy 1.1cr shares of Pubali Bank". The Daily Star. 2017-09-12. Retrieved 2022-11-26.
- "Pubali Bank gets new chairman". The Daily Star. 2019-05-21. Retrieved 2022-11-26.
- "Pubali Bank's Tk 500 crore perpetual bond gets go-ahead". The Daily Star. 2021-12-07. Retrieved 2022-11-26.
- "Pubali Bank, Bank Muscat in $52m deal". The Daily Star. 2021-09-08. Retrieved 2022-11-26.
- "Pubali bank donates BDT 10 lakhs to Bishwo Shahitto Kendro". The Daily Star. 2022-10-16. Retrieved 2022-11-26.
- "Pubali Bank to get $50m loan from British lender". The Daily Star. 2022-11-06. Retrieved 2022-11-26.
- "Pubali Bank Limited". www.pubalibangla.com. Retrieved 2022-11-26.