AB Bank

AB Bank (formerly Arab Bangladesh Bank) is a leading[1] private sector bank in Bangladesh. AB Bank Limited was incorporated on 31st December, 1981 and its the first commercial private bank in Bangladesh.[2]

AB Bank Limited
Native name
এবি ব্যাংক লিমিটেড
FormerlyArab Bangladesh Bank Limited
TypePublic Limited Company
DSE: ABBANK
IndustryBanking
FoundedApril 12, 1982 (1982-04-12) in Dhaka, Bangladesh
HeadquartersThe Skymark, 18 Gulshan Avenue, Gulshan 1,
Dhaka 1212
,
Bangladesh
Number of locations
104
Area served
Bangladesh, Mumbai, India
Key people
  • Barrister Khairul Alam Choudhury (Chairman)
  • Tarique Afzal (President & Managing Director)
ProductsConsumer Banking
Corporate Banking
Retail Banking
SME Banking
Islamic Banking
Credit Cards
ServicesLocal & Foreign Cashless Transactions, Debit & Credit Cards, Retail Banking, Loan & Deposits
Number of employees
2,300+
SubsidiariesLocal

AB Securities Limited, AB Investment Limited, Cashlink Bangladesh Limited

Foreign

AB International Finance Limited
Websiteabbl.com

History

AB Bank was established on 31 December 1981.[3] [4] This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank.[5]

AB Bank Limited able to show a substantial improvement during the calendar year 2019 because of the efforts of its board of directors and management and placed in the "B" category on the stock market upgraded from "Z" category.[6]

AB Bank in National News

The board of directors of AB Bank Ltd has decided to issue a subordinated bond worth Tk500 crore, with the objective of bolstering its Tier-2 capital, according to company disclosure. [7]

Bangladesh Bank governor Fazle Kabir handed an appreciation letter to AB Bank president and managing director Tarique Afzal for exceeding the disbursement target of working capital in agriculture sector refinance scheme of Taka 5,000 crore under the government’s special stimulus package during the breakout of Novel Coronavirus. [8]

AB Bank received appreciation letter from Bangladesh Bank as they have successfully disbursed 100 percent farm loans during the coronavirus pandemic.[9]

AB Bank President and Managing Director Tarique Afzal received the Award for being one of the highest taxpayers in banking sector for 2021-22 fiscal year at the Large Taxpayers Unit.[10]

AB Bank and the central committee of Bangabandhu Shishu kishor Mela at Tungipara, Gopalganj celebrated Prime Minister Sheikh Hasina's 76th Birth Anniversary.[11]

Tarique Afzal, president and managing director of AB Bank received "2022 US Dollar Clearing Quality Recognition Award" certificate and crest from JP Morgan Bank.[12]

AB Bank Limited disbursed loans to small entrepreneurs at initiative under Skills for Employment Investment Program (SEIP).[13]

AB Bank has won awards in three categories at Mastercard Excellence Awards 2022 in Dhaka recently. The categories are MasterCard Business Growth, Credit Card Business (Domestic) and MasterCard Credit Card Business (International).[14]

AB Bank Limited inaugurated a Rupatoli sub-branch, in Barishal.[15]

AB Bank arranged a daylong workshop on "The responsibilities of SME entrepreneurs and the role of Banks to develop SME business" in Jashore.[16]

AB Bank arranged a daylong workshop on "The responsibilities of SME entrepreneurs and the role of Banks to develop SME business" at Chattogram.[17]

AB Bank Limited held the 753rd meeting of its Board of Directors in Chattogram. Chairman of the bank Khairul Alam Choudhury presided over the meeting. All the Directors along with President & Managing Director and members of Senior Management Team of the bank attended the meeting.[18]

References
  1. "Bangladeshi officials, executives choose to learn Chinese to get ahead". Xinhua News Agency. Archived from the original on 31 August 2016.
  2. "Arab Bangladesh Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 13 October 2022.
  3. "Background of AB Bank Limited". AB Bank Limited. Retrieved 8 September 2016.
  4. "AB Bank aims to expand services to every corner of Bangladesh". The Business Standard. 12 April 2022. Retrieved 13 October 2022.
  5. "Arab Bangladesh Bank Limited". Banglapedia. Retrieved 8 September 2016.
  6. "AB Bank moves to 'B' category at bourses". The Business Standard. Retrieved 5 September 2020.
  7. "AB Bank to issue Tk500cr subordinated bond". The Business Standard. Retrieved 21 September 2023.
  8. "AB Bank gets Bangladesh Bank's recognition". New Age Limited. Retrieved 22 May 2022.
  9. "17 banks get appreciation letter from BB". Daily Sun. Retrieved 24 May 2022.
  10. "AB Bank receives award from Large Taxpayers Unit". The Business Standard. Retrieved 3 August 2022.
  11. "AB Bank, Bangabandhu Shishu kishor Mela celebrates PM Sheikh Hasina's 76th Birthday". The Daily Observer. Retrieved 30 September 2022.
  12. "AB Bank gets JP Morgan award". The Business Standard. Retrieved 16 October 2022.
  13. "AB Bank disbursed loans to small entrepreneurs". The Financial Express. Retrieved 3 November 2022.
  14. "AB Bank wins three at Mastercard Excellence Awards 2022". The Daily Star. Retrieved 28 November 2022.
  15. "AB Bank opened Rupatoli sub-branch at Barishal". The Financial Express. Retrieved 7 December 2022.
  16. "AB Bank organises training workshop for SME entrepreneurs in Jashore". The Business Standard. Retrieved 30 December 2022.
  17. "AB Bank organises training workshop for SME entrepreneurs in Chattogram". The Business Standard. Retrieved 5 January 2023.
  18. "AB Bank Limited held the 753rd meeting of its Board of Directors in Chattogram". The Financial Express. Retrieved 5 January 2023.
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