Dhaka Bank

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Dhaka Bank PLC
Company typePrivate (Non-Government)
DSE: DHAKABANK
IndustryBanking
FoundedJuly 5, 1995; 28 years ago (1995-07-05)
FounderMirza Abbas
HeadquartersDhaka, Bangladesh
Number of locations
82
ProductsBanking services
IncreaseUS$220 million (2018)
IncreaseUS$67 million (2018)
Total assetsIncreaseUS$3.3 billion (2018)
Websitedhakabankltd.com

Dhaka Bank PLC is a private limited commercial bank in Bangladesh.[1] Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country.

History[edit]

The bank was founded in 1995 by Bangladeshi politician Mirza Abbas. Founder Chairman of the Board of Directors of this Bank is Abdul Hai Sarker.[2]

In July 2009, Altaf Hossain Sarker was re-elected chairman of Dhaka Bank Limited.[3]

Reshadur Rahman Shaheen was elected chairman of Dhaka Bank Limited in April 2010.[4]

Bangladesh Bank refused to approve the reappointment of Mirza Abbas as director of Dhaka Bank in September 2015 after being absent in 11 out of 12 board meetings.[5] Bangladesh Nationalist Party described his removal from the board as political vendetta by the government.[6] On 11 November, Syed Mahbubur Rahman was appointed managing director of Dhaka Bank Limited.[7] Reshadur Rahman was elected chairman of Dhaka Bank Limited.[8]

In March 2017, Dhaka Bank signed an agreement with International Finance Corporation to receive US$55 million loan.[9]

The Anti-Corruption Commission arrested an official of Dhaka Bank Limited from Feni District for embezzling 78 million BDT from the bank in April 2019.[10] He admitted to embezzling 55 million BDT from the bank.[11]

In August 2020, Abdullah Al Ahsan was appointed vice-chairman of Dhaka Bank Limited.[12] Abdul Hai Sarker was elected chairman of the board.[13] Bangladesh High Court denied bail to a former VP of the bank on accusations of embezzling 220 million BDT from the bank.[14]

Two officials of the bank were detained for misappropriating 37.7 million BDT from Dhaka Bank.[15] Abdul Hai Sarker was re-elected chairman of Dhaka Bank Limited in July 2021.[16]

Dhaka Bank arranged a 5.2 billion BDT syndicated loan for Chandpur Power Generations Limited of Doreen Group.[17] It also US$40 million for the powerplant from banks in Germany.[18] In April it signed an agreement with Canadian University of Bangladesh.[19] In October 2022, Dhaka Bank received an award from JP Morgan.[20] It raised 9 billion BDT syndicated loan for Bashundhara Oil and Gas Company Limited of Bashundhara Group.[21]

Awards[edit]

In SME Banking Award 2014, Dhaka Bank was awarded the best manufacturing-friendly bank.[22]

See also[edit]

References[edit]

  1. ^ "Dhaka Bank Limited". Banglapedia. Archived from the original on 2016-05-09. Retrieved 2016-05-09.
  2. ^ "Mr. Abdul Hai Sarker Re-Elected as the Chairman of Dhaka Bank Limited". Dhaka Bank Limited. Archived from the original on 2023-06-10. Retrieved 2023-12-06.
  3. ^ "Dhaka Bank chairman re-elected". The Daily Star. 2009-07-08. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  4. ^ "Dhaka Bank gets new chairman". The Daily Star. 2010-04-09. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  5. ^ Rahman, Sajjadur (2015-09-07). "BB rejects Dhaka Bank's proposal to reappoint Mirza Abbas as director". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  6. ^ Report, Star Online (2015-09-08). "Abbas' removal from Dhaka Bank political vengeance: BNP". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  7. ^ "Mahbubur Rahman joins Dhaka Bank as its MD". The Daily Star. 2015-11-11. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  8. ^ "Dhaka Bank elects chairman". The Daily Star. 2015-05-22. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  9. ^ "Dhaka Bank to get $55m from IFC for expansion". The Daily Star. 2017-03-29. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  10. ^ Report, Star Online (2019-04-02). "Dhaka Bank official held for embezzling Tk 7.8 crore". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  11. ^ Correspondent, A.; Feni (2019-04-05). "Arrested Dhaka Bank official confesses to embezzling Tk 5.5 crore". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  12. ^ "Abdullah Al Ahsan, new vice chairman of Dhaka Bank". The Daily Star. Archived from the original on 26 November 2021. Retrieved 20 August 2020.
  13. ^ "Abdul Hai Sarker elected as chairman of Dhaka Bank". The Daily Star. Archived from the original on 18 September 2020. Retrieved 12 August 2020.
  14. ^ Report, Star Online (2020-08-20). "Tk 22cr embezzlement: Dhaka Bank vice president Aminul denied bail". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  15. ^ Report, Star Digital (2021-06-21). "Misappropriation of Tk 3.77cr: 2 Dhaka Bank officials shown arrested". The Daily Star. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  16. ^ "Dhaka Bank reelects chairman". The Daily Star. 2021-07-12. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  17. ^ "Dhaka Bank arranges Tk 520 crore for Chandpur Power". The Daily Star. 2022-01-19. Archived from the original on 2022-11-04. Retrieved 2023-02-14.
  18. ^ "Dhaka Bank arranges $40m in foreign financing". The Daily Star. 2021-06-10. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  19. ^ "Dhaka Bank, Canadian University of Bangladesh sign agreement". The Daily Star. 2022-04-07. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  20. ^ "Dhaka Bank wins JP Morgan award". The Daily Star. 2022-10-30. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  21. ^ "Dhaka Bank raises Tk 900cr for Bashundhara Oil". The Daily Star. 2022-10-16. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
  22. ^ "MTB, IDLC get SME Banking Award". The Financial Express. Dhaka. Archived from the original on 31 January 2016. Retrieved 25 January 2016.

External links[edit]


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