Bangladesh Development Bank

Bangladesh Development Bank Ltd
Type	State owned bank
Industry	Development bank Insurance Capital Markets and allied industries
Founded	Dhaka, 3 January 2009
Key people	Mr. Nazem Ahamed Chowdhury Chairman Mr. Mohammad Mizanur Rahaman Managing director Agriculturist Moshiur Rahaman (Humayun) Director Professor Santi Narayan Gosh Director Mr. Dewan Nurul Islam Director Mr. Niaz Rahim Director Mr. Omolendu Mukharzi Director Mr. Humayun Kabir Director Mr. Khalilur Rahan Director Mr. Mohammad Khalilur Rahaman Director Mr. M. Ishaque Bhuyian Director Mrs. Salima Ahmed Director
Products	Loans Credit Cards, Savings Investment vehicles SBI Life (Insurance) etc.
Total assets	$144.3 million^[1]

Bangladesh Development Bank Ltd is a state owned specialized development bank of Bangladesh. The bank came into effect with the merger of ailing Shilpa Bank and Shilpa Rin Sangstha, which were established in 1972 to provide loans and facilities to industrial units, help set up new industries and expand investment in Bangladesh.^[2]

History

With the decision of the Government, Bangladesh Development Bank Ltd. (BDBL) was incorporated on 16 November 2009 as a Public Company Limited by shares under the Companies Act, 1994 by amalgamation of former Bangladesh Shilpa Bank (BSB) and Bangladesh Shilpa Rin Sangstha (BSRS), two Development Financial Institutions (DFIs) in the public sector.

Bangladesh Shilpa Bank (BSB) was established on October 31, 1972 for accelerating the industrial pace of the country through providing loan and equity to the industrial projects as per Bangladesh Shilpa Bank Order, 1972 (President’s Order No. 129 of 1972). With the same objective, Bangladesh Shilpa Rin Sangstha (BSRS) was also established on October 31, 1972 as per Bangladesh Shilpa Rin Sangstha Order, 1972 (President’s Order No. 128 of 1972).

In order to carry on business of BDBL, Bangladesh Bank issued banking licence on

19-11-2009.

Two Vendors’ Agreements were signed between the Government of the People’s Republic of Bangladesh and the BDBL on 31 December 2009 to acquire and take-over all of their (BSB & BSRS) assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations and to carry on with the same business.

As a Public Limited Company, BDBL formally embarked its journey on January 3, 2010. It extends financial assistance for setting up industries and provides all kinds of commercial banking services to its customers through its branch network in Bangladesh.

The BDBL also inherited membership of Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE). In order to contribute to the capital market, it acts as stock dealer and stock broker and operates a brokerage houses, at Motijheel to provide services to the small and medium investors. BDBL also established a fully owned subsidiary company namely BDBL Securities Limited and transferred its one membership with DSE and another membership with CSE. It acts stock dealer and stock broker and operate brokerage House At 12, Karwan Bazar Dhaka to provide Investors. The BDBL is also managing a close-end Mutual Fund with paid up capital of Tk. 5.00 crore.

References

↑ "New development bank begins operations". BDnews24.com. Retrieved 4 January 2010.
↑ "Development Bank takes off". The Daily Star. Retrieved 4 January 2010.

List of banks in Bangladesh

Central bank	Bangladesh Bank

State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank

Private commercial banks	AB Bank Limited Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited Farmers Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Midland Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank Limited NRB Bank Limited NRB Commercial Bank Limited NRB Global Bank Ltd One Bank Limited Prime Bank Limited Pubali Bank Limited South Bangla Agriculture and Commerce Bank Ltd Southeast Bank Limited Standard Bank Limited The City Bank The Premier Bank Limited Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited

Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited ICB Islamic Bank Islami Bank Bangladesh Ltd Shahjalal islami bank Limited Social Islami Bank Limited Union Bank Limited

Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank

Specialized banks	Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank Ltd BASIC Bank Limited Probashi Kallyan Bank

Official Web Site of Bangladesh Development Bank Limited is www.bdbl.com.bd

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