AB Bank

AB Bank
Public Limited Company
Traded as DSE: ABBANK
Industry Banking
Founded April 2, 1982 (1982-04-02) in Dhaka, Bangladesh
Headquarters Dhaka, Bangladesh
Number of locations
 86
Products Consumer Banking
Corporate Banking
Website abbl.com

AB Bank (formerly Arab Bangladesh Bank) is a leading[1] private sector bank in Bangladesh established in 31 December 1981.[2] This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank.[3] A former deputy managing director was charged with embezzling 3.25 billion taka from the bank.[4][5] In 2014 AB bank completed its acquisition of Cashlink Bangladesh Limited.[6] A former vice president and his wife were sentenced to prison terms for embezzlement from the bank in 2016.[7]

See also

References

  1. ↑ "Bangladeshi officials, executives choose to learn Chinese to get ahead".
  2. ↑ "Background of AB Bank Limited - AB Bank Limited". Abbl.com. Retrieved 2016-09-08.
  3. ↑ "Arab Bangladesh Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 2016-09-08.
  4. ↑ "Ex-AB Bank DGM held for amassing Tk 325cr". 2016-07-17. Retrieved 2016-09-08.
  5. ↑ "BB general manager arrested". 2016-07-17. Retrieved 2016-09-08.
  6. ↑ "AB Bank completes Cashlink acquisition". 2014-10-18. Retrieved 2016-09-08.
  7. ↑ "Ex-AB Bank official, wife get life term imprisonment". Dhaka Tribune. Retrieved 2016-09-08.


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