Agrani Bank

Agrani Bank Limited (ABL) (Bengali: অগ্রণী ব্যাংক) is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh.[4]

Chittagong University Branch, Hathazari

Agrani Bank Limited
TypePublic Limited Company
IndustryBanking, Financial services
Founded26 March 1972 (1972 -03-26)
Headquarters
Dhaka
,
Bangladesh
Number of locations
962 (2021)
Area served
Bangladesh
Key people
Zaid Bakht (Chairman)[1]
Mohammad Shams-Ul Islam (Managing Director & CEO)[2]
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
US$86.4 million (2020)
Total assets US$12.7 billion (2020)
Number of employees
11,389 (2020)
Websitewww.agranibank.org
Footnotes / references
[3]

History

Agrani Bank Limited was established on 26 March 1972 by combining two abandoned Pakistani banks, Commerce Bank and Habib Bank. The bank is fully owned by the Government of Bangladesh.[4] Agrani Bank is governed by a board of directors consisting of 12 members headed by a chairman.

As of 2009, the bank has 11 Circle offices, 34 Divisions in head office, 62 zonal offices and 941 branches including 27 corporate and 40 AD (authorized dealer) branches.[4] It has been corporatized on 15 November 2007 and emerged as Agrani Bank Limited (ABL) taking over assets, liability and goodwill of Agrani Bank.[5] The authorized capital of the Bank was Tk 8 billion. They are also the owners of the football club Agrani Bank Ltd and Agrani Bank Cricket Club.

Controversy

In June 2016, Syed Abdul Hamid, the managing director of Agrani Bank was removed by Bangladesh Bank for providing 7.92 billion taka worth of loans against rules.[6] Deputy Managing Director Mizanur Rahman Khan was arrested by Anti Corruption Commission of Bangladesh.[6][7][8][9] Following these removals, Mohammad Shams-Ul Islam was appointed the new managing director in August 2016.[10]

See also

References
  1. "New Agrani Bank chairman Zaid Bakht to focus on internal audit". bdnews24.com. 18 November 2014.
  2. "Top Management". Agrani Bank.
  3. "Annual Report 2020" (PDF). Agrani Bank. p. 20.
  4. "Agrani Bank Limited". Banglapedia. Retrieved 28 July 2016.
  5. "Agrani Bank Limited". BusinessWeek. Retrieved 5 October 2009.
  6. "Agrani Bank MD axed for Tk 792cr loan irregularities". The Daily Star. 30 June 2016. Retrieved 28 July 2016.
  7. "State-owned Agrani Bank's MD Syed Abdul Hamid sacked". bdnews24.com. Retrieved 28 July 2016.
  8. "Agrani Bank acting MD arrested hours after taking charge". Business News 24 BD. Retrieved 28 July 2016.
  9. "Agrani Bank boss arrested on first day of job". Dhaka Tribune. Retrieved 28 July 2016.
  10. "New managing directors appointed to state-owned Sonali, Agrani and Rupali banks". bdnews24.com. 16 August 2016.


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