Dhaka Bank

This article is about the bank founded in 1995. For the first bank in the Bangladesh region founded in 1846, see The Dacca Bank (1846).

Dhaka Bank PLC

Company type	Private
Traded as	DSE: DHAKABANK
Industry	Banking
Founded	July 5, 1995; 29 years ago (1995-07-05)
Founder	Mirza Abbas
Headquarters	Dhaka, Bangladesh
Number of locations	82
Products	Banking services
Operating income	US$220 million (2018)
Net income	US$67 million (2018)
Total assets	US$3.3 billion (2018)
Website	dhakabankltd.com

Dhaka Bank PLC is a private limited commercial bank in Bangladesh.[1] Its headquarters are situated in Dhaka. 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.[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] The 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] The 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

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

See also

• List of banks in Bangladesh

References

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. "Abbas' removal from Dhaka Bank political vengeance: BNP". The Daily Star. 2015-09-08. 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. "Dhaka Bank official held for embezzling Tk 7.8 crore". The Daily Star. 2019-04-02. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
11. "Arrested Dhaka Bank official confesses to embezzling Tk 5.5 crore". The Daily Star. 2019-04-05. 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. "Tk 22cr embezzlement: Dhaka Bank vice president Aminul denied bail". The Daily Star. 2020-08-20. Archived from the original on 2023-02-14. Retrieved 2023-02-14.
15. "Misappropriation of Tk 3.77cr: 2 Dhaka Bank officials shown arrested". The Daily Star. 2021-06-21. 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

• Official website
• Company Information – DHAKA BANK LIMITED (DHAKABANK) Archived 2012-08-20 at the Wayback Machine — Chittagong Stock Exchange
• Top Ten Asian Banks — toptenbank.com
• Brief profile of the Bank. — Bangladesh Association of Banks
• Bangladesh money laundering inquiry — BBC