Bengal Commercial Bank PLC.
| File:Bengal Commercial Bank Logo.jpg | |
| Public Limited Company | |
| ISIN | 🆔 |
| Industry | Banking |
| Founded 📆 | 23 February 2020 |
| Founder 👔 | |
| Headquarters 🏙️ | Dhaka, Bangladesh |
Area served 🗺️ | |
Key people | Jashim Uddin (Chairman) |
| Products 📟 | Banking services Consumer Banking Corporate Banking Agent Banking Islamic Banking |
| Members | |
Number of employees | |
| 🌐 Website | bgcb |
| 📇 Address | |
| 📞 telephone | |
Bengal Commercial Bank PLC. is a fifth generation private commercial bank in Bangladesh. Md. Jashim Uddin, Vice Chairman of Bengal Group of Industries, is the chairman of the bank and [1] Ghulam Mohammed Alomgir, the chairman of Max Group, is the vice chairman of the bank.[2]
History[edit]
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] K.M. Awlad Hossain was appointed the deputy managing director and CBO of the bank who was former Deputy Managing Director of Dutch-Bangla Bank Ltd. [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 12th branch in Chittagong.[20] Its 13th branch is in Keraniganj.[21] It had a capital shortfall of 23 million taka.[22]
References[edit]
- ↑ "Bengal Group Vice Chairman Md Jashim Uddin receives prestigious honour from New York State Assembly". The Business Standard. 2022-10-02. Retrieved 2022-11-29.
- ↑ "Tour for Social Goods". The Daily Star. 2022-09-10. Retrieved 2022-11-29.
- ↑ "Peoples Bank fails to win BB nod". The Daily Star. 2022-01-21. Retrieved 2022-11-29.
- ↑ Uddin, AKM Zamir (2020-12-08). "Bangladesh Bank approves new bank". The Daily Star. Retrieved 2022-11-29.
- ↑ "About Us || Bengal Commercial Bank". bgcb.com.bd. Retrieved 2022-11-29.
- ↑ 6.0 6.1 6.2 6.3 "Another lender enters the fray". The Daily Star. 2020-02-10. Retrieved 2022-11-29.
- ↑ 7.0 7.1 "Bengal Commercial Bank starts its journey". The Daily Star. 2021-03-10. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank appoints DMD". The Daily Star. 2021-02-08. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank gets BB approval". Dhaka Tribune. 2020-02-09. Retrieved 2022-11-29.
- ↑ "Md Jashim Uddin, new president of FBCCI". The Daily Star. 2021-05-09. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank signs credit rating deal". The Daily Star. 2021-08-25. Retrieved 2022-11-29.
- ↑ Uddin, AKM Zamir (2022-04-12). "Scams, higher expenses keep 9 banks in the red". The Daily Star. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank holds first annual business conference". Dhaka Tribune. 2022-01-25. Retrieved 2022-11-29.
- ↑ "Jamuna Bank, Bengal Commercial Bank sign deal". The Daily Star. 2022-06-23. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank and Bengal Islami Life Insurance sign MoU". The Business Standard. 2022-06-06. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank, Trust Bank sign deal". The Daily Star. 2022-09-19. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank, Trust Bank sign agreement". Dhaka Tribune. 2022-09-18. Retrieved 2022-11-29.
- ↑ "Nagad launches add-money service from Meghna Bank". The Daily Star. 2022-07-16. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank, Babuland sign deal". The Daily Star. 2022-10-06. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank opens its 12th branch at Chittagong". Dhaka Tribune. 2022-10-27. Retrieved 2022-11-29.
- ↑ "Bengal Commercial Bank opens 13th Branch at Hasnabad in South Keraniganj". The Business Standard. 2022-11-23. Retrieved 2022-11-29.
- ↑ "NRB Bank Limited opens another sub-branch at Sonaimuri, Noakhali". Dhaka Tribune. 2022-10-29. Retrieved 2022-11-29.
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