AB Bank
 | |
| Company type | Public Limited Company |
|---|---|
| DSE: ABBANK | |
| Industry | Banking |
| Founded | April 2, 1982 in Dhaka, Bangladesh |
| Headquarters | , Bangladesh |
Number of locations | 104 |
| Products | Consumer Banking Corporate Banking |
| Website | abbl |
AB Bank (formerly Arab Bangladesh Bank) is a leading[1] private sector bank in Bangladesh established in 31 December 1981.[2] This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank.[3] A former deputy managing director was charged with embezzling 3.25 billion taka from the bank.[4][5] In 2014 AB bank completed its acquisition of Cashlink Bangladesh Limited.[6] A former vice president and his wife were sentenced to prison terms for embezzlement from the bank in 2016.[7]
See also
References
- ^ "Bangladeshi officials, executives choose to learn Chinese to get ahead".
- ^ "Background of AB Bank Limited - AB Bank Limited". Abbl.com. Retrieved 8 September 2016.
- ^ "Arab Bangladesh Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 8 September 2016.
- ^ "Ex-AB Bank DGM held for amassing Tk 325cr". The Daily Star. 17 July 2016. Retrieved 8 September 2016.
- ^ "BB general manager arrested". The Daily Star. 17 July 2016. Retrieved 8 September 2016.
- ^ "AB Bank completes Cashlink acquisition". The Daily Star. 18 October 2014. Retrieved 8 September 2016.
- ^ "Ex-AB Bank official, wife get life term imprisonment". Dhaka Tribune. Archived from the original on 18 September 2016. Retrieved 8 September 2016.
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