Midland Bank (Bangladesh)

Midland Bank Limited was established on 20 March 2013.^[6] It was one of nine 4th generation bank approved all of whom have strong ties with Awami League, the government party.^[7] Bangladesh Bank approved Midland Bank Limited on the condition that the bank would eventually list on the stock market.^[8]

Md Ahsan-uz Zaman joined Midland Bank Limited in July 2014 as its chief executive officer and managing director.^[9]

In 2018, defaulted loans of Midland Bank Limited rose from 220 million taka to 650 million taka.^[10]

In July 2020, Md Ahsan-uz Zaman reappointed Midland Bank Limited's Chief Executive Officer and Managing Director^[9] On 20 June 2021, Bangladesh Bank included Midland Bank Limited in its Interoperable Digital Transaction Platform and Bangladesh Electronic Funds Transfer Network.^[11] In 2020 Midland Bank had 45.06 billion taka in deposits and 37.86 billion in loans.^[11] In September 2021, Nilufer Zafarullah was elected chairman of Midland Bank Limited and Md Shamsuzzaman was elected vice-chairman.^[12] It launched Midland Online in an attempt to provide more online services during the COVID-19 pandemic in Bangladesh.^[13] The bank made 1.62 billion taka in operating profit in 2021 and an increase from 1.25 billion taka it made in 2020.^[14]

Midland Bank distributed loans worth 45 million taka to Jamdani weavers in Narayanganj in collaboration with the USHA Foundation.^[15][16]

Bangladesh Securities and Exchange Commission asked Midland Bank Limited to list on the stock market.^[17] In June 2020, the Midland Bank Limited announced plans to list on the Dhaka Stock Exchange through Initial Public Offering and raise 7 billion taka from the capital market.^[18] The Dhaka Tribune reported that Anwar Ispat embezzled 500 million taka from the Gulshan branch of the bank which was denied by the bank.^[19][20]