Ansar-VDP Unnayan Bank is a specialized government owned bank in Bangladesh. The bank was founded to provide financial services to the paramilitary

Bangladesh Ansar The Bangladesh Ansar and Village Defence Party (; also known as the Ansar Bahini or Ansar VDP) is a paramilitary auxiliary force responsible for the preservation of internal security and law enforcement in Bangladesh. It is administered by the ...

and

Village Defence Party The Bangladesh Ansar and Village Defence Party (; also known as the Ansar Bahini or Ansar VDP) is a paramilitary auxiliary force responsible for the preservation of internal security and law enforcement in Bangladesh. It is administered by the ...

. Major General

AKM Nazmul Hasan A.K.M Nazmul Hasan is a retired major general in the Bangladesh Army and was Commandant of East Bengal Regimental Centre. Prior to that, he served as the Director General of the Special Security Force. Before that, he was the 24th Director Gener ...

is the chairman of this bank. The bank has 259 branches across the country under 18 regions. It is one of four specialized banks owned by the government of Bangladesh; the rest are

Bangladesh Krishi Bank Krishi Bank () is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry. Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank i ...

, Karmasangsthan Bank, and Rajshahi Krishi Unnayan Bank.

History

The bank was established in 1995 through an act of parliament. Despite being a bank for

and

members, it has failed to attract adequate interest from them. It was founded after the 1994 Bangladesh Ansar mutiny as part of reforms after the mutiny. The bank started operations in 1996 with 25 per cent owned by the government of Bangladesh and 75 per cent belong to the members of Bangladesh Ansar and Village Defence Party. In 2015, the Ansar-VDP Unnayan Bank asked the government to increase its stake in the bank from 25 per cent to 75 per cent as members of the Ansar and Village Defence Party were not interested in purchasing the shares available to them. In 2019, Md Mosaddake-Ul-Alam was appointed the managing director of Ansar-VDP Unnayan Bank. Ansar-VDP Unnayan Bank paid 435.1 million in taxes in 2021. Md Mosaddake-Ul-Alam was re-elected managing director of Ansar-VDP Unnayan Bank in June 2022. Major General AKM Nazmul Hasan was appointed chairman of Ansar-VDP Unnayan Bank on 24 August 2022.

Bangladesh High Court The High Court Division, Supreme Court of Bangladesh (), popularly known as High Court, is one of the two divisions of the Supreme Court of Bangladesh, the other division being the Appellate Division. It consists of the Chief Justice of Bangla ...

appointed the former managing director of Ansar-VDP Unnayan Bank, Mohammad Jalal Uddin, to the board of directors of

People's Leasing and Financial Services Limited People's, branded as ''People's ViennaLine'' until May 2018, and legally ''Altenrhein Luftfahrt GmbH'', is an Austro-Swiss airline headquartered in Vienna, Austria. It operates scheduled and charter passenger flights mainly from its base at St. ...

References

Banks of Bangladesh Banks established in 1995 Bangladesh Ansar Bangladeshi companies established in 1995 {{Bangladesh-stub