Dutch-Bangla Bank
Private-sector bank in Bangladesh
From Wikipedia, the free encyclopedia
Dutch-Bangla Bank PLC. (Bengali: ডাচ্-বাংলা ব্যাংক পিএলসি.), one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.(FMO), the Netherlands Development Finance Company.
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| Company type | Public Limited Company |
|---|---|
| DSE: DUTCHBANGL CSE: DUTCHBANGL | |
| Industry | |
| Founded | 1996 |
| Headquarters | Motijheel, Dhaka, Bangladesh |
Number of locations | 243 branches, 332 sub-branches and 5,620 Agent Outlets . |
Area served | Bangladesh |
Key people | Ms. Sadia Rayen Ahmed (Chairman), Mr. Md Ahteshamul Haque Khan (Managing Director & CEO) |
| Products | Retail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking |
 ৳22.362 billion (US$180 million) (2024) | |
| ৳4.734 billion (US$39 million) (2024) | |
| Total assets | ৳679.875 billion (US$5.6 billion) (2024) |
Number of employees | 8060 (2023) |
| Website | www |
| Footnotes / references [1] | |
History
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996.[2] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh.[2][3] DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.[4]
In 2002, Dutch-Bangla Bank PLC established the Electronic Banking Division to accelerate banking automation and introduce modern electronic banking services in Bangladesh.[5]
In 2003, The bank completed full banking automation, becoming the first fully automated bank in Bangladesh and introducing electronic banking and plastic card services to the mass market.[6]
In 2004, The bank introduced real-time online “Any Branch Banking”, enabling customers to conduct transactions from any branch nationwide. It also expanded digital infrastructure by launching Internet Banking, establishing a centralized Data Center, and introducing Debit Cards, ATM services, and POS terminals, which significantly expanded electronic payment facilities in Bangladesh.
In 2007, The bank expanded its card portfolio by launching Credit Card services, further strengthening electronic payment solutions.
In 2008, Fast Track self-service banking centers were introduced to provide customers with 24/7 automated banking facilities through integrated ATM and self-service kiosks.
In 2010, The bank launched the country’s first Internet Payment Gateway (IPG) named Nexus Payment Gateway, enabling merchants to accept Visa, MasterCard, and Nexus card payments online, thereby facilitating e-commerce in Bangladesh. Later, Rocket account also incorporated in Nexus Payment Gateway. In the same year, the bank received approval from Bangladesh Bank to introduce Mobile Financial Services (MFS).[7]
In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market.[8]
Networks
Internet payment
On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants.[11] Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.[12]
