|Luna Shamsuddoha  (Chairman) and Md. Abdus Salam Azad (CEO & Managing Director)|
|Products||Banking services |
Number of employees
|Website||Janata Bank Limited|
Janata Bank Ltd. (Bengali: জনতা ব্যাংক লিমিটেড) is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh.
- 1 History
- 2 Bank at a Glance
- 3 Corporate Social Responsibility
- 4 References
- 5 External links
Bank Nationalisation Ordinance of 1972 was used to form Janata Bank by merging the assets of United Bank Limited and Union Bank Limited.
With the emergence of Bangladesh as an independent, sovereign state in 1971 after a devastating nine-month war against the West Pakistani occupation army, a war, full of blood and tears, trauma and pain of millions of our beloved ones, the legacy of rebuilding the already broken financial base of the country was felt as an urgent call of the day against a collapsed economic reality of a newly born state.
In this backdrop, in order to rebuild the country's economy, measures had been taken to merge a number of banks previously operated in this region and make new banks and this initiatives led to formation of Janata Bank in 1972 by combining the erstwhile United Bank Limited and Union Bank Limited under the Banks Nationalization Order (President's Order No. 26) of 1972.
In 15 November 2007 Janata Bank got registered with the Joint Stock of Registrars and restructured it as a public limited company with the name Janata Bank Limited.
Including 4 overseas branches in United Arab Emirates Janata Bank runs its business with 912 branches across the country having a big family of around 12,391 (As on 31.12.2017) employees with its head office located at Janata Bhaban at Motijheel C/A, the heart of the capital city, Dhaka.
At the end of 2017 the Bank held Deposit BDT 649,440.78 million, Advance BDT 459,580.05 million with Authorized capital BDT 30,000 million and Paid-up Capital BDT 19,140 million.
Janata Bank Limited, a corporate body trusted over the years, the 2nd largest (in respect of Deposits/Assets) commercial bank in Bangladesh, has been playing pivotal role in overall financial activities of the country and is possessing a long heritage of discharging laudable services to the society since her embankment immediately after the emergence of this verdant rich alluvial soil as a sovereign, independent state.
The contribution of the Bank to the national economy and social reform has set standard bar so high that others in this business can’t help aspire touching the benchmark of success earned by JBL. More so a matter of great honour is that the contribution, commitment and success of the Bank have been recognized with a number of prestigious awards by national and international organizations of repute.
Bank at a Glance
|Name||Janata Bank Limited|
|Genesis||Janata Bank Limited, the 2nd largest State Owned Commercial Bank (SCB) in Bangladesh, is playing pivotal role in overall financial activities of the country. The Bank emerged as ‘Janata Bank’ by combining the erstwhile United Bank Limited and Union Bank Limited under the Banks Nationalization Order (President's Order- 26) of 1972 and was restructured as a limited company in November, 2007. Since inception in 1972 the Bank has commendably contributed to the socio-economic development of Bangladesh and helped structuring solid financial ground of the country as well. Janata Bank runs its business with 912 branches across the country including 4 overseas branches in United Arab Emirates.|
|Registered Address||Janata Bhaban, 110, Motijheel Commercial Area Dhaka - 1000, Bangladesh.|
|Legal Status||Public Limited Company|
|CEO & Managing Director||Md. Abdus Salam Azad (F.F.)|
|Company Secretary||Hussain Yeahyea Chowdhury|
|Authorized Capital||BDT 30,000 Million|
|Paid up Capital||BDT 19,140 Million|
|Shareholding Pattern||100% Share owned by the Government of Bangladesh|
|Number of Employees||12,391 (As on 31.12.2017)|
|Phone||+88 02-9560000, 9566020, 9556245-49, 9565041-45, 9560027-30|
|Fax||88-02-9554460, 9553329, 9552078|
|Head Office Divisions||14|
|Head Office Departments||50|
|Number of Divisional offices||12|
|Number of Area Offices||49|
|Branches including Overseas||912|
|Corporate-1 Branches (Including JBCB & LO)||30|
|Name of Overseas Office||Address|
|Chief Executive Office, UAE||Obied Sayah Al-Mansuri Building, Electra Road, Post Box No. 2630, Abu Dhabi, U.A.E|
|Name of Overseas Branch||Address|
|Abu Dhabi Branch||Obeid Sayed Al-Mansoori Building, Zayed the 1st Street (Electra Road), P.O Box No.-2630, Abu Dhabi, United Arab Emirates (UAE)|
|Al Ain Branch||Sheikh Khalifa Bin Mohammad Al-Nahyan Building, P.O Box No.-1107, Main Market Centre, Main Street, Al-Ain, United Arab Emirates (UAE)|
|Dubai Branch||Baniyas Complex Building, Baniyas Square (Naser Square), Al Maktum Hospital Road, Deira, P.O Box No.-3342, Dubai, United Arab Emirates (UAE)|
|Sharjah Branch||Saqer Bin Rashid Al-Quassim Building, P.O Box No.-5303, Al-Shuaiheen Street, Sharjah, United Arab Emirates (UAE)|
|Janata Capital & Investment Limited (JCIL)||48, Motijheel Commercial Area, Dhaka-1000|
|Janata Exchange Co. SRL, Milan Branch, Italy||Janata Exchange Co. Srl. Milan Via Franchi no Gaffurio 5, 20124 Milan, Italy|
|Janata Exchange Co. SRL, Rome Branch, Italy||Janata Exchange Co. Srl. Rome Via Ricasoli, 15, 00185-Rome, Italy|
|Janata Exchange Company Inc. USA||37-18, 73rd Street, Suit No. 1R, 1st Floor, Jackson Heights, NY 11372, New York, USA|
Corporate Rating Status
|Entity Rating||"A +" in the long run
ST - 2 in the short run
|As govt. owned Bank||"AAA" in the long run
ST - 1 in the short run
Corporate Social Responsibility
JBL sees CSR activities as a critical component of continuous improvement, like the overall effort to be a more socially responsible and sustainable organization.
Being one of the leading state-owned commercial banks in Bangladesh, Janata Bank Limited, with its branches has also realized its responsibilities to the society and is contributing to the amelioration of the social life of the destitute people, infra-structure, environment etc. Not only that, it has stepped forward to introduce interest-free loans to the poor and marginal farmers in the Aila-Sidr-Monga unit areas.
According to the CSR policy of Janata Bank Limited, the CSR activities are performed in the following fields:
Education and Research
It is universally acknowledged that there is no alternative to education. So, keeping this in mind, it has stretched its helping hands towards the financially deprived meritorious and those who have great inclination to be benefited with education. Not only that, it is imparting in different types of conferences, symposiums, workshops etc. related to education and research.
Health and treatment
JBL has been treating this sector as the second most important one. In the last decade, diabetes, heart diseases, cancer, liver syrocis etc. have taken an epidemic form. For building up a healthy nation, as a bank of the people, JBL, both singly and cooperatively is playing an important role.
Poverty Reduction and Rehabilitation
To make the people free from the curse of poverty and lessen the gap between the poor and the rich, JBL has considered street people, landless, handicapped etc. as its target field to develop.
Though our country is a gifted child of nature, it is not free from the calamities like flood, cyclone, earth quack, cranes, road accidents etc. Considering the humanitarian traits, JBL stands as a friend to the hopeless people.
History, culture, tradition, sports etc
Aiming at imprinting the consciousness of the war of liberation into the heart of the people, JBL takes initiatives to uphold our glorious history, culture etc. by sponsoring related organizations arranging different programmer on these subjects.
Now-a-days, pollution of environment has become a burning issue. For sustainable development, JBL considers the matter as an important issue and is devoting a handsome amount in tree plantation, forestation and other environment friendly activities for better, pollution free environment.
Expansion of Information Technology
With a view to building "Digital Bangladesh" within 2021, JBL has been trying to bring all organizations irrespective of types, by providing computers and other scientific equipments for expansion of Information Technology.
Apart from these, sovereignty of the country, protection, discipline, economic freedom, ensuring justice etc. are also been considered in CSR activities practiced by the bank. Least but not the last, for the amelioration of the economic condition of those great-hearted freedom-fighters who laid their lives for the sake of this independent Bangladesh. JBL is committed to remain by their side always.