Dhaka Bank
Private Bank in Bangladesh
From Wikipedia, the free encyclopedia
Dhaka Bank PLC is a private limited commercial bank in Bangladesh.[1] Its headquarters are situated in Dhaka. The bank has 116 branches and multiple SME service centers around the country.
Financial services
 | |
| Type | Public Limited Company |
|---|---|
| DSE: DHAKABANK CSE: DHAKABANK | |
| Industry | Banking Financial services |
| Founded | July 5, 1995 |
| Founder | Mirza Abbas |
| Headquarters | Dhaka, Bangladesh |
Number of locations | 82 |
Area served | Bangladesh & overseas |
Key people | Abdul Hai Sarker (Chairman) Osman Ershad Faiz (Managing Director & CEO) |
| Products | Banking services, ATM/CRM services, Internet Banking, Payment Gateway, Mobile Banking, Consumer Banking Corporate Banking Investment Banking Foreign Exchange Banking |
 US$149 million (2024) | |
| US$10.5 million (2024) | |
| Total assets |  US$3.5 billion (2024) |
Number of employees | 2,070 (2022) |
| Website | dhakabank |
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]
