Ab Bank

Powerful Essays
I-Part 1:
1.0 Organizational Overview:
AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time.
In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008.
The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30% during the year and recorded a Tk 1579 cr increase. Foreign Trade Business handled was Tk 9,898 cr indicating a growth of over 40% in 2008.
AB Bank believes in modernization. The bank took a conscious decision to rejuvenate its past identity – an identity that the bank carried as Arab Bangladesh Bank Limited for twenty five long years. As a result of this decision, the bank chose to rename itself as AB Bank Limited and the Bangladesh Bank put its affirmative stamp on November 14, 2007. AB Bank has continuously invests into its biggest asset, the human resource to drive forward with its mission “to be the best performing bank in the country.” The bank has introduced Dress Code for its employees. Male employees wear designed ties and females wear Sharee or Salwar Kamiz, all the dresses are consisted with the unique AB Bank logo.

1.1 History of ABBL:
AB Bank Limited (ABBL), the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982.
During the last 28 years, AB Bank Limited has opened 77 Branches

You May Also Find These Documents Helpful

  • Powerful Essays

    Over all performance of AB bank Background of the Study The dissertation program is a connected part of the MBA program that all the students have to submit. The students are sent to various organizations where they are assigned to one or more projects. At the end of the program, the internees are required to place the accomplishments and findings of the project through the writing of the dissertation report covering the relevant topics. During this program, supervisor guilds each student- one…

    • 7621 Words
    • 31 Pages
    Powerful Essays
  • Satisfactory Essays

    for special blessing in completing the report. Because I think it is very difficult task to prepare on “Human Resource Division of AB Bank Limited” and procedures for a student capitalizing only three months practical experience. My along cherished dreams to prepare a report on professional banking activities come into reality by getting an opportunity to work at AB Bank Limited. My sincere gratitude goes to my honorable teacher Professor Md. Ashraf Hossain, Dean School of Business of Asian University…

    • 1637 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    procedure is the most important part for any financial institution like bank. Banks are also the principal source of credit (loanable fund) for millions of individual & families & for many units of governments. Another contribution of bank make their willingness to accept risky loan from borrower, while issuing low risk securities to their depositors. Bank also satisfies the strong need of much customer liquidity. So bank is a powerful force for the economy of the nation, stimulating economic…

    • 3587 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    1. Introduction The word “Bank” refers to the financial institution deals with money. Commercial banks are the primary contributor to the economy of the country. They are borrowing money from the locals and lending the same to the business as loans and advances. So the people and the government are very much dependent on these banks as the financial intermediary. Moreover, banks are profit -earning concern, as they collect deposits at the lowest possible cost and provide loans and advances at…

    • 14277 Words
    • 58 Pages
    Good Essays
  • Satisfactory Essays

    Resource Management Practices of AB Bank Ltd. Group Name: Skylark Member of Skylark Name ID# Md. Touheydul Islam Rafy 11102100 Avijit Saha 13202090 Farzana Islam 13302187 Hosna Aktar Shima 13102661 Shahinur Akter 13302107 Overview of ABBL  Arab Bangladesh Bank Limited, The first private sector Bank under joint Venture with Dubai Bank Limited.  Arab Bangladesh Bank Ltd. Started its journey on 12thApril 1982. Company Profile Name of the company : AB Bank Limited(ABBL) Legal Form :…

    • 337 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Ab Workout

    • 344 Words
    • 2 Pages

    The Abdominal workouts help strengthen your lower and upper abdominal muscles to build core strength and endurance. In order to maintain a good workout you need to do 3-5 Ab exercises 3-5 times a week and you need proper nutrition routine. The best 5 techniques are: 1. Bicycle-it uses every muscle in your abs to create a strong, lean torso. Do 10-16 reps. 2. The Plank-challenges your Transverse Abdominis as well as the muscles of your back. Position yourself as though you're about to do…

    • 344 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The Abs Tour

    • 334 Words
    • 2 Pages

    media industry after we went to ABS-CBN for a studio tour which aims to educate us all about the ground that some of us would take in the future. The tour started with a short introduction about the network ABS-CBN, a video clip was played showing its achievements as being one of the first successful networks in Asia. We are all guided to different studios used in shows. One of those was Studio 10, as our tour-guide said this studio was definitely the largest studio in ABS. It was also the studio where…

    • 334 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ABS CBN

    • 537 Words
    • 8 Pages

    Financial and Operating Results 1 ABS-CBN Investor Presentation Recent Developments Financial and Operating Results 2 ABS-CBN Investor Presentation Recent Developments 3 ABS-CBN Investor Presentation Recent Developments Financial and Operating Results 4 ABS-CBN Investor Presentation 2013 Financial Results Summary - REPORTED 5 ABS-CBN Investor Presentation 2013 Financial Results Summary - Recurring 6 ABS-CBN Investor Presentation 2013 Income…

    • 537 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    AB 109

    • 1130 Words
    • 4 Pages

    AB 109 David Chapman CJA234 November 18, 2013 Sidney Hammond AB 109 The prison systems in the world always need to change to support society or the prison systems. Assembly Bill 109 was signed by Governor Edmund Brown Jr. and implemented on October 1, 2011 to close the revolving door of low-level inmates cycling in and out of state prisons. It was a way to reduce the number of inmates in the overpopulated prisons. The California criminal justice system is undergoing substantial changes with the…

    • 1130 Words
    • 4 Pages
    Good Essays
  • Good Essays

    ab inbev

    • 8179 Words
    • 33 Pages

    Innovation and renovation are key elements for any company to build and enhance brand health, but demand for AnBev’s new products may be adversely affected by changes in consumer preferences and tastes. Innovation faces inherent risks; new products that AnBev introduces may not be successful, while competitors may be able to respond quicker to the emerging trends, such as the increasing consumer preference for “craft beers” that are produced by smaller microbreweries. Today’s consumers are looking…

    • 8179 Words
    • 33 Pages
    Good Essays