Dhaka Bank PLC is a private limited commercial bank in

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

. Its headquarters are situated in

Dhaka Dhaka ( or ; , ), List of renamed places in Bangladesh, formerly known as Dacca, is the capital city, capital and list of cities and towns in Bangladesh, largest city of Bangladesh. It is one of the list of largest cities, largest and list o ...

. The bank has 100 branches and 3 SME service centers around the country.

History

The bank was founded in 1995 by Bangladeshi politician Mirza Abbas. The founder chairman of the board of directors of this bank is

Abdul Hai Sarker Abdul Hai Sarker () is a Bangladeshi businessman. He is the Chairman and CEO of Purbani Group, one of the largest and oldest established textile conglomerates in Bangladesh, and former president of Bangladesh Textile Mills Association. He is th ...

. In July 2009, Altaf Hossain Sarker was re-elected chairman of Dhaka Bank Limited. Reshadur Rahman Shaheen was elected chairman of Dhaka Bank Limited in April 2010. 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. The Bangladesh Nationalist Party described his removal from the board as political vendetta by the government. On 11 November, Syed Mahbubur Rahman was appointed managing director of Dhaka Bank Limited. Reshadur Rahman was elected chairman of Dhaka Bank Limited. In March 2017, Dhaka Bank signed an agreement with

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...

to receive US$55 million loan. The Anti-Corruption Commission arrested an official of Dhaka Bank Limited from

Feni District Feni District () is a coastal Districts of Bangladesh, district situated in the south-east of Bangladesh, within Chittagong Division. One of Bangladesh's smallest districts, it is strategically located along the N1 (Bangladesh), Dhaka–Chittago ...

for embezzling 78 million BDT from the bank in April 2019. He admitted to embezzling 55 million BDT from the bank. In August 2020, Abdullah Al Ahsan was appointed vice-chairman of Dhaka Bank Limited. Abdul Hai Sarker was elected chairman of the board. The Bangladesh High Court denied bail to a former VP of the bank on accusations of embezzling 220 million BDT from the bank. Two officials of the bank were detained for misappropriating 37.7 million BDT from Dhaka Bank. Abdul Hai Sarker was re-elected chairman of Dhaka Bank Limited in July 2021. Dhaka Bank arranged a 5.2 billion BDT syndicated loan for Chandpur Power Generations Limited of

Doreen Group Doreen Group () is a Bangladeshi diversified conglomerate based in Dhaka. Nur-E-Alam Siddique is chairperson of the group. Parveen Alam Siddique is the senior vice chairperson. Tahzeeb Alam Siddique is the managing director and Tanzeer Alam Sid ...

. It also US$40 million for the powerplant from banks in Germany. In April it signed an agreement with Canadian University of Bangladesh. In October 2022, Dhaka Bank received an award from

JP Morgan JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance corporation headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by mar ...

. It raised 9 billion BDT syndicated loan for Bashundhara Oil and Gas Company Limited of

Bashundhara Group Bashundhara Group LTD () is a Bangladeshi conglomerate based in Dhaka. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). It presently owns more than 50 major concerns throughout Bangl ...

Awards

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

References

External links

Official website

Company Information – DHAKA BANK LIMITED (DHAKABANK)
—

Chittagong Stock Exchange The Chittagong Stock Exchange () is a stock exchange based in the port city Chittagong, Bangladesh. It is one of the twin financial hubs of the country, alongside the Dhaka Stock Exchange. Established in 1995, the exchange is located in the A ...

Top Ten Asian Banks
— ''toptenbank.com''

— Bangladesh Association of Banks
Bangladesh money laundering inquiry
—

BBC The British Broadcasting Corporation (BBC) is a British public service broadcaster headquartered at Broadcasting House in London, England. Originally established in 1922 as the British Broadcasting Company, it evolved into its current sta ...

{{Banks in Bangladesh Banks established in 1995 Banks of Bangladesh Companies listed on the Dhaka Stock Exchange Companies based in Dhaka Banks of Bangladesh with Islamic banking services 1995 establishments in Bangladesh

History

Awards

See also

References

External links