The Premier Bank PLC. is a private commercial bank with its registered office in
Banani, Dhaka, Bangladesh.
resigned from the post of the Chairman on January 12, 2025. Imran Iqbal has been made the new chairman. Mohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.
History
The Premier Bank Limited was incorporated on 10 June 1999.
Bangladesh Premier league sold its tickets in 2013 from branches of the bank.
In June 2005,
Bangladesh Bank
Bangladesh Bank (BB; ) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Bangladesh, Government of Bangladesh.
The bank is active in developing green banking. and financial inclusion poli ...
fined Premier Bank Limited for failing to comply with Know Your Client (KYC) requirements.
Bangladesh Securities and Exchange Commission
The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...
sued HBM Iqbal for using fake accounts in the stock market. Bangladesh Bank carried out its investigation of the accounts.
Khondker Fazle Rashid was appointed managing director of Premier Bank in October 2007.
In February 2008, M Shah Alam Sarwar was appointed managing director of Premier Bank.
In 2013, Bangladesh Bank launched an investigation into an allegations against Bank's then vice chairman
Bazlul Haque Haroon
Bazlul Haque Haroon (born 1 March 1954) is a Bangladesh Awami League politician and a former Jatiya Sangsad member representing the Jhalokati-1 constituency since 2008.
Early life
Haroon was born on 1 March 1954. He holds B.A. and M.A. degrees. ...
. A client of the bank, Khalilur Rahman, claimed that bank's then vice chairman
BH Haroon, stole Tk 134 crore from his account in 2008 in collusion with some bank officials. Khalilur, got a Tk 203 crore work order for building 15,000 houses in Sidr affected areas in southern Bangladesh in June 2008. The project was funded by the Saudi government. Khalilur opened an account with Bangshal branch of Premier Bank to make transactions for the project. He received Tk 203.06 crore from the Saudi government through seven cheques. Khalilur withdrew Tk 69.11 crore from the account, and kept the remaining Tk 133.95 crore deposited in his account. After primary investigation, The
Anti-Corruption Commission has found evidence of embezzlement of Tk 62 crore from the account of a client of Premier Bank's Bangshal branch. Premier Bank sued nine bank officials accusing them of embezzling about 593.4 million BDT from bank along with
Bismillah Towels Group
Bismillah Group is terry towel producer and exporter that embezzled 9.9 billion Taka from five separate banks and is located in Dhaka, Bangladesh
Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It ...
.
In 2014 the Bank was fined 2 million
Bangladesh taka
The taka (, , sign: , code: BDT, short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at .
Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 govt. notes are the responsibility of the ...
for money laundering along with seven other banks.
In 2016, money 4 million taka was stolen from ATMs of the bank using cloned Saudi Arabian credit cards.
National Board of Revenue
The National Board of Revenue (NBR; ) is the central authority for tax administration in Bangladesh. It is a statutory authority attached with the Internal Resources Division of the Ministry of Finance. The NBR collects almost 97% of tax revenue ...
moved to freeze the accounts of Premier Bank in November 2017 over allegations of tax embezzlement.
The Anti-Corruption Commission summoned Bazlul Haque Haroon in 2018, director of Premier Bank, over the 2013 Bangladesh Bank investigation.
In December 2022, Premier Bank announced plans to raise six billion BDT through the sale of bonds.
Premier Bank announced a 10.24 billion year profit in January 2023.
Premier Bank donated 40 million BDT to Prime Minister
Sheikh Hasina
Sheikh Hasina (''née'' Wazed; born 28 September 1947) is a Bangladeshi politician who served as the tenth prime minister of Bangladesh from June 1996 to July 2001 and again from January 2009 to August 2024. Premiership of Sheikh Hasina, Her ...
's Ashrayan-2 project.
Services
On April 2019 Premier Bank launches Pmoney app. The pmoney app is a mobile banking app from Premier Bank Limited that offers a range of services, including:
Banking, Bills pay, Fund transfers, Mobile top-up, Service request, Beneficiary management, Locate PBL, Information and links and
Mail notification.
Premier Bank, Mastercard launch prepaid card for travel agents on September 2023. The card will offer special benefits, including seamless visa fee payments not requiring any endorsement that affects personal travel quotas, no expense limit for single transactions and zero annual fees.
Premier Bank launches ‘Premier Bank Quick Account Service’ on August 2024. Premier Bank Quick Account is the latest addition to Premier Bank’s digital services, enabling users to instantly open a bank account with just a few clicks.
Premier Bank launches 'Premier Bank Green PIN' service on October 2024. This new service allows customers to instantly activate their debit, credit, or pre-paid cards, or generate a new PIN for their cards, via the bank's website or its mobile banking app, Pmoney.
[https://www.tbsnews.net/economy/corporates/premier-bank-launches-premier-bank-green-pin-service-956826]
Board of directors
References
{{DEFAULTSORT:Premier Bank PLC.
Banks established in 1999
Banks of Bangladesh
Companies listed on the Dhaka Stock Exchange
Companies listed on the Chittagong Stock Exchange
Banks of Bangladesh with Islamic banking services
1999 establishments in Bangladesh