Meghna Bank

Meghna Bank Limited is a renowned fourth-generation bank headquartered in Gulshan, Dhaka, Bangladesh. Established on May 9, 2013,[2] by entrepreneur and politician H.N. Ashequr Rahman MP, the bank has been in operation for a decade.[3]

Meghna Bank Limited
TypeCommercial Bank
IndustryFinancial services
Banking
Founded21 April 2013
HeadquartersSuvastu Imam Square (level 3 & 6) |
65, Gulshan Avenue (Gulshan-1)
Dhaka-1212
Bangladesh |
Contact Center: 16735 Local & +8809610016735 (Overseas)
Number of locations
51
Area served
Bangladesh
Key people
H. N. Ashequr Rahman[1] (Chairman)
Sohail R. K. Hussain (MD & CEO)
ProductsBanking services, ATM services

Consumer Banking
Corporate Banking

Investment Banking
ServicesConventional, Islamic Banking
Increase
Number of employees
1000+ (2023)
Websitehttps://www.meghnabank.com.bd

History and Vision

Meghna Bank Ltd. (MGBL) is a scheduled commercial bank established as a public limited company in Bangladesh in March 2013. It officially commenced banking operations on May 9, 2013, holding a license from Bangladesh Bank.

The bank currently operates 51 branches, 10 Islamic banking windows, 18 agents,[4] and 18 own ATM booths strategically located across the country, with free access to 12,000 ATM booths nationwide.

In February 2020, Meghna Bank obtained permission to operate an Islamic Banking Unit, and in October 2020, it established an Off-shore Banking Unit (OBU) for foreign currency services.[5][6] The bank also has subsidiary investments in Meghna Bank Securities Limited.[7]

Founder

H. N. Ashequr Rahman MP is a prominent figure in Bangladeshi business, politics, and academia. Born on December 11, 1941,[8] he pursued his academic journey at Rajshahi University. Later in 1972, he played a vital role as the Administrator of Dhaka Municipality. Beyond his career, Mr. Rahman is a successful businessman, co-founded East West University[9] and is the founder and chairman of Meghna Bank Limited Mr. Rahman has had a noteworthy political career, serving in multiple parliamentary sessions, including as State Minister for Environment and Forests, and as Treasurer of the Awami League since 1993.

Leadership
Name Role[10]
H.N. Ashequr Rahman, MP Chairman of the Board of Directors
Imrana Zaman Chowdhury Vice Chairperson of the Board of Directors
Tanveer Ahmed Director
Mohammed Mamun Salam Director & Chairman, Executive Committee
Nuran Fatema Director
Lion Jahangir Alam Manik Director
Uzma Chowdhury Director
Ishmam Raidah Rahman Director
Rehana Ashequr Rahman Director & Chairperson, Risk Management Committee
S M Rezaur Rahman Director & Chairman, Audit Committee
Tarana Ahmed Director
Dr. Zahara Rasul Director
Md. Mahamudul Alam Director
Aresha Manami Shafiq Director
Javed Kaiser Ally Director
Abu Haydar Chowdhury Director
Dr. Syed Ferhat Anwar Independent Director
Md. Ahsan Ullah Independent Director
Sohail R. K. Hussain Managing Director & CEO

Managing Director & CEO

Mr. Sohail R. K. Hussain became the Managing Director and CEO of Meghna Bank Ltd. on April 22, 2020,[11] with over 30 years of expertise in banking and finance. He contributed to Corporate, SME, Green, Retail, and infrastructure financing.

During his tenure as CEO of The City Bank, the bank earned prestigious awards and built strong partnerships with major multilateral organizations.[12]

Products

The bank provides a wide range of services catering to different industries, such as RMG and Textiles, Food and agrobusiness, Infrastructure and Energy, Technology Financing, and more. Deposits, loans, and credit card services for different consumer segments are classified according to different needs and preferences.[13][14][15]

Distribution Network: 51 Branches, 24/7 Internet Banking, and access to more than 12,000 ATM booths.[16]

Expansion

With 51 branches spread across Bangladesh, including key locations in Dhaka, Meghna Bank is also currently expanding its branches/, sub-branches/, gent banking outlets/Mobile Financial Service Meghna Pay’s cash-in, cash and out points.[17]

See also

List of banks in Bangladesh

References
  1. "Board of Directors". basicbanklimited.com. Archived from the original on 17 July 2016. Retrieved 28 July 2016.
  2. "A fourth generation Bank, Meghna Bank Limited commenced its operation from May 09, 2013"". www.meghnabank.com.bd.
  3. "Meghna Bank celebrated its 10th anniversary. | The Financial Express". The Financial Express.
  4. "Meghna Bank Agent Banking".
  5. ""We've already launched OBU (Offshore Banking Unit) to facilitate foreign currency unit trade support for domestic customers." The Financial Express".
  6. ""Meghna Bank Limited Launches Offshore Banking Operations."".
  7. "Meghna Bank Securities Limited".
  8. "H. N. Ashequr Rahman MP biography".
  9. "Member, Board of Trustees, EWU".
  10. "Meghna Bank Ltd. Board of Directors".
  11. "Meghna Bank has appointed Sohail RK Hussain as its managing director and CEO." | The Daily Star". The Daily Star.
  12. ""Sohail RK Hussain, Managing Director and CEO of City Bank, receiving the Best Bank in Bangladesh' award"". The Daily New Nation.
  13. ""Meghna Bank unveils four new deposit products."". The Daily Star.
  14. "Bangladesh Bank Info".
  15. "Meghna Bank Ltd. Products".
  16. "Meghna Bank opens ATM Booth in Rangpur". The Financial Express BD.
  17. "All Branch and ATM Location of Meghna Bank Ltd".
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