Agrani Bank

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Agrani Bank Limited
Public Limited Company
IndustryBanking, Financial services
FoundedMarch 26, 1972 (1972 -03-26)
Headquarters,
Area served
Bangladesh
Key people
Zaid Bakht (Chairman) [1]
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Increase 2.646 billion (US$31 million) 2008[2]
Number of employees
13,269[3] (2009)
Websitewww.agranibank.org

Agrani Bank (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

History[edit]

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 Agrani Bank Cricket Club.

Controversy[edit]

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]

See also[edit]

References[edit]

  1. ^ "New Agrani Bank chairman Zaid Bakht to focus on internal audit". bdnews24.com. 18 November 2014.
  2. ^ "Independent Auditors' Report" (PDF). Agrani Bank Ltd.
  3. ^ "Agrani Bank". Banglapedia. Retrieved 2 October 2009.
  4. ^ a b c "Agrani Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 28 July 2016.
  5. ^ "Agrani Bank Limited". BusinessWeek. Retrieved 5 October 2009.
  6. ^ a b "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.

External links[edit]