Bengal Commercial Bank Limited
| Company type | Commercial bank |
|---|---|
| Industry | Banking |
| Founded | 23 February 2020 |
| Headquarters | Dhaka, Bangladesh |
Key people | (Chairman)Jashim Uddin |
| Products | Banking services Consumer Banking Corporate Banking Agent Banking Islamic Banking |
| Website | bgcb |
Bengal Commercial Bank Limited is a fifth generation private commercial bank in Bangladesh. Md. Jashim Uddin, Vice Chairman of Bengal Group of Industries, and Chairman of Bengal Commercial Bank Limited.[1] Ghulam Mohammed Alomgir, the chairman of Max Group, is the Vice Chairman of Bengal Commercial Bank Limited.[2]
History
Bangladesh Bank provided a letter of intent to Bengal Commercial Bank Limited in February 2019 along with two other banks, Community Bank Bangladesh and Citizens Bank PLC.[3][4] Bengal Commercial Bank Limited was established on 23 February 2020 by the Bengal Group of Industries.[5][6] The Bank was originally called Bengal Bank.[6] Bangladesh Bank initially opposed the license of the new bank as it believed the market was oversaturated.[6] It relented following pressure from the government and the minister of finance, A. M. A . Muhith.[6] In March 2021, the Minister of Finance, AHM Mustafa Kamal, inaugurated the bank at the Pan Pacific Sonargaon.[7] Tarik Morshed was the first managing director of the bank and Md Jasim Uddin the chairman of the bank.[7] KM Awlad Hossain was appointed the deputy managing director of the bank.[8] It was the 60th bank in Bangladesh.[9]
In May, chairman of the bank, Md. Jashim Uddin, was elected President of Federation of Bangladesh Chambers of Commerce and Industry.[10] Bengal Commercial Bank Limited signed an agreement with Credit Rating Information and Services Limited in August for a credit rating of the bank.[11] The bank had a net loss of 188 million taka in 2021.[12]
Bengal Commercial Bank held their annual business conference in their headquarters in Gulshan in January 2022.[13] Bengal Commercial Bank Limited signed an agreement with Jamuna Bank in June over licensing Visa.[14] It signed an agreement with Bengal Islami life Insurance Limited in June.[15] On 19 September 2022, Bengal Commercial Bank Limited signed a deal with Trust Bank to transfer money using Ria Money Transfer.[16][17] It is also linked to the money transfer service of Nagad.[18] In October Bengal Commercial Bank Limited signed an agreement with Babuland.[19] It opened its' 12 branch in Chittagong.[20] It's 13th branch is in Keraniganj.[21] It had a capital shortfall of 23 million taka.[22]
References
- ^ "Bengal Group Vice Chairman Md Jashim Uddin receives prestigious honour from New York State Assembly". The Business Standard. 2 October 2022. Retrieved 29 November 2022.
- ^ "Tour for Social Goods". The Daily Star. 10 September 2022. Retrieved 29 November 2022.
- ^ "Peoples Bank fails to win BB nod". The Daily Star. 21 January 2022. Retrieved 29 November 2022.
- ^ Uddin, AKM Zamir (8 December 2020). "Bangladesh Bank approves new bank". The Daily Star. Retrieved 29 November 2022.
- ^ "About Us || Bengal Commercial Bank". bgcb.com.bd. Retrieved 29 November 2022.
- ^ a b c d Report, Star Business (10 February 2020). "Another lender enters the fray". The Daily Star. Retrieved 29 November 2022.
{{cite web}}:|first=has generic name (help) - ^ a b "Bengal Commercial Bank starts its journey". The Daily Star. 10 March 2021. Retrieved 29 November 2022.
- ^ Desk, Star Business (8 February 2021). "Bengal Commercial Bank appoints DMD". The Daily Star. Retrieved 29 November 2022.
{{cite web}}:|first=has generic name (help) - ^ "Bengal Commercial Bank gets BB approval". Dhaka Tribune. 9 February 2020. Retrieved 29 November 2022.
- ^ "Md Jashim Uddin, new president of FBCCI". The Daily Star. 9 May 2021. Retrieved 29 November 2022.
- ^ "Bengal Commercial Bank signs credit rating deal". The Daily Star. 25 August 2021. Retrieved 29 November 2022.
- ^ Uddin, AKM Zamir (12 April 2022). "Scams, higher expenses keep 9 banks in the red". The Daily Star. Retrieved 29 November 2022.
- ^ "Bengal Commercial Bank holds first annual business conference". www.dhakatribune.com. 25 January 2022. Retrieved 29 November 2022.
- ^ Desk, Star Business (23 June 2022). "Jamuna Bank, Bengal Commercial Bank sign deal". The Daily Star. Retrieved 29 November 2022.
{{cite web}}:|first=has generic name (help) - ^ "Bengal Commercial Bank and Bengal Islami Life Insurance sign MoU". The Business Standard. 6 June 2022. Retrieved 29 November 2022.
- ^ "Bengal Commercial Bank, Trust Bank sign deal". The Daily Star. 19 September 2022. Retrieved 29 November 2022.
- ^ "Bengal Commercial Bank, Trust Bank sign agreement". www.dhakatribune.com. 18 September 2022. Retrieved 29 November 2022.
- ^ "Nagad launches add-money service from Meghna Bank". The Daily Star. 16 July 2022. Retrieved 29 November 2022.
- ^ Desk, Star Business (6 October 2022). "Bengal Commercial Bank, Babuland sign deal". The Daily Star. Retrieved 29 November 2022.
{{cite web}}:|first=has generic name (help) - ^ "Bengal Commercial Bank opens its 12th branch at Chittagong". www.dhakatribune.com. 27 October 2022. Retrieved 29 November 2022.
- ^ "Bengal Commercial Bank opens 13th Branch at Hasnabad in South Keraniganj". The Business Standard. 23 November 2022. Retrieved 29 November 2022.
- ^ "NRB Bank Limited opens another sub-branch at Sonaimuri, Noakhali". www.dhakatribune.com. 29 October 2022. Retrieved 29 November 2022.
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