Modhumoti Bank Limited

Modhumoti Bank Limited is a private limited commercial bank in Bangladesh.[1] The bank was established in 2013. Md Shafiul Azam is the Chief Executive Officer of the Bank.[2] Humayun Kabir is the chairperson and Sheikh Salahuddin Jewel is the Vice Chairman of the Bank.[3] Sheikh Fazle Noor Taposh is a director of the Bank.[3]

Modhumoti Bank Limited
TypePublic Limited Company
IndustryBank
HeadquartersDhaka,
Bangladesh
Key people
Mr. Humayun Kabir (Chairman)
Websitewww.modhumotibankltd.com

History

Modhumoti Bank Limited was established on 19 September 2013.[4] Md Shafiul Azam was appointed managing director of the bank in August 2016.[5]

In 2018, Modhumoti announced plans to focus on becoming a bank for Small Middle Enterprise in rural areas.[6]

In August 2019, Md Shafiul Azam was re-appointed managing director of Modhumoti Bank Limited.[7] From 2018 to 2019, non performing loans at the bank increased by 555 per cent to 580 million taka.[8]

Former Mayor of Dhaka South City Corporation, Sayeed Khokon, accused the incumbent mayor of North Dhaka and Modhumoti Bank Limited director, Sheikh Fazle Noor Taposh, of hording illegal wealth at the Bank in January 2021.[9] Khokon was sued for defamation by lawyers aligned with Taposh.[10] In June 2021, The Credit Rating Agency of Bangladesh rated the bank as A1 category.[11] Manwar Hossain, son of Anwar Hossain and chairman of Anwar Group of Industries in a director of the Bank.[12]

Board of directors
Name Position Representing Reference
Humayun Kabir Director [13]
Shaikh Salahuddin Director [13]
Sheikh Fazle Noor Taposh Director [13]
Mohammad Ismail Hossain Director Sharmin Apparels Limited [13]
Nemai Kumer Saha Director Sandhani Life Insurance Company Limited [13]
Salahuddin Alamgir Director [13]
Mostafa Kamal Director Tanveer Oils Limited [13]
Tanjima Binthe Mostafa Director Everest Power Generation Co. Limited [13]
Humayun Kabir Bablu Director [13]
Shahana Yasmin Director [13]
Sultana Jahan Director [13]
A Mannan Khan Director [13]
Ferdousi Islam Director Azbal International Limited [13]
Manwar Hossain Director Anwar Jute Spinning Mills Limited [13]
Tanveer Ahmed Mostafa Director Meghna Flour & Dal Mills Limited [13]
Md. Mahbubur Rahman Director [13]
Didarul Alam Director [13]
Syeda Sharmin Hossain Director Sharmin Fashions Limited [13]
Yusuf Hussain Humayun Independent Director [13]
Shaheduzzaman Choudhury Independent Director [13]
Md. Shafiul Azam CEO and Managing Director [13]

References
  1. "Modhumoti Bank opens Digital Point in Gazipur". Daily Sun. Retrieved 2019-04-13.
  2. "Md Shafiul Azam, new CEO of Modhumoti Bank". The Daily Star. 2016-08-10. Retrieved 2019-04-13.
  3. "Board of Directors". Retrieved 2021-01-13.
  4. "Modhumoti Bank Limited". www.modhumotibankltd.com. Retrieved 2019-04-13.
  5. "Md Shafiul Azam, new CEO of Modhumoti Bank". The Daily Star. 2016-08-10. Retrieved 2022-12-06.
  6. "Modhumoti Bank puts thrust on SME, digitisation". The Financial Express. Dhaka. Retrieved 2019-04-13.
  7. "Shafiul Azam reappointed Modhumoti Bank MD". The Daily Star. 2019-08-08. Retrieved 2022-12-06.
  8. Uddin, AKM Zamir (2019-03-03). "14 banks see unusual rise in default loans". The Daily Star. Retrieved 2022-12-06.
  9. "Taposh deposited embezzled money in Modhumoti Bank, ex-DSCC mayor alleges". The Financial Express. Dhaka. Retrieved 2021-01-13.
  10. "Incumbent vs Ex-Dscc Mayor: Verbal spat now moves to court". The Daily Star. 2021-01-12. Retrieved 2021-01-13.
  11. "Modhumoti Bank gets 'A1' rating". The Daily Star. 2021-06-27. Retrieved 2022-12-06.
  12. "Anwar Group of Industries gets new chairman". The Daily Star. 2021-09-16. Retrieved 2022-12-06.
  13. "Board of Directors". Retrieved 2023-02-12.


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