hisory of BDBL & its banking

Topics: Loan, Chittagong, Bangladesh Pages: 26 (4456 words) Published: March 27, 2014


Bangladesh Development Bank LTD.

1.Introduction:

Bangladesh Development Bank Limited (BDBL) is a fully state owned Commercial Bank of Bangladesh. In addition commercial banking, BDBL provides financial and technical assistance to broaden the private as well as public sector industrial base of the country. It prioritizes, especially, Export Oriented/Export Linkage industrial units, Efficient Import Substitution, Joint Ventures, Commercialization of local technology and promotion of agro-based industry.

2.Establishment and Status of the Bank:
Bangladesh Development Bank Limited (“BDBL” or the “Bank”) was incorporated under the Companies Act, 1994. On 16 November 2009 to acquire and take-over, as going concern, the undertakings and businesses of statutory bodies of Bangladesh Shilpa Bank(BSB) and Bangladesh Shilpa Rin Sangstha (BSRS) constituted respectively under the Bangladesh Shilpa Bank Order, 1972 (President Order No.129 of 1972) and Bangladesh Shilpa Rin Sangstha Order, 1972 (President Order No.128 of 1972) with all of their assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations and to carry on with the same business. Two vendors agreement was executed between the Government of the people’s Republic of Bangladesh and Bangladesh Development Bank Limited on 31 December 2009 in this regard. The registered office of the Bank is located at 8 Rajuk Avenue, Motijheel, Dhaka-1000. BDBL established a security company named BDBL Securities Limited, a fully owned subsidiary company which was incorporated on 23 May, 2011 with the Registrar of Joint Stock Companies & Firms with paid up capital of Tk. 100.00 million. The company is a member of Dhaka Stock Exchange Ltd. (DSE) and Chittagong Stock Exchange Ltd. And obtained Stock Broker and Stock Dealer License of DSE on 18.01.2012

3.concise information of BDBL

Name

:

Bangladesh Development Bank, a state-owned commercial Bank (formed through merger of Bangladesh Shilpa Bank & Bangladesh Shilpa Rin Sangstha) Legal Status
:
Public Limited Company
Date of incorporation
:
November 16, 2009
Banking License obtained
:
November 19, 2009 issued by Bangladesh Bank
Vendors Agreement Signed
:
December 31, 2009 between the Government and Board of Directors of BDBL nominated by the Government. Formal Inauguration
:
January 03, 2010
Registered Office
:
BDBL Bhaban, 8, Rajuk Avenue, Dhaka-1000
Authorized Capital
:
Tk.10000 million
Paid Up Capital
:
Tk. 4000 million
Reserve (As on 01.01.2010)
:
Tk. 2270 million
Total Assets (As on 01.01.2010)

Tk. 16747 million
Total Human Resource
:
781
Number of Zonal Office
:
4
Number of Branch Office
:
17
Membership
:
Dhaka Stock Exchange & Chittagong Stock Exchange Ltd.

4.Management and Administration of BDBL:
The overall policy formation and the general direction of BDBL operation vest on a board of directors appointed by the government. The board of directors consists of nine members including the Chairman and Managing Director .Non government shareholder subscribing to the capital of the bank shall eventually elect 4 Directors from amongst themselves. The managing director in chief conducting the overall banking issues. In every branch there has branch manager who controls the branch and under them several employee works in an branch. They are cashier, SME officer, executive officer etc.

5.Vision ,Mission ,Strategic priorities of BDBL:
VISION

To emerge as the country’s prime Financial Institution for supporting private sector industrial and other projects of great significance to the country’s economic development. Also be active participant in commercial banking by introducing new lines of product and providing excellent services to the customers.

MISSION
To be competitive with other Banks and Financial Institutions in rendering services ; To contribute to the country’s...
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