AB Bank

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]

AB Bank
Public Limited Company
Traded asDSE: ABBANK
IndustryBanking
FoundedApril 2, 1982 (1982-04-02) in Dhaka, Bangladesh
Headquarters
Dhaka
,
Bangladesh
Number of locations
104
ProductsConsumer Banking
Corporate Banking
Websiteabbl.com

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 8 September 2016.
  3. "Arab Bangladesh Bank Limited - Banglapedia". en.banglapedia.org. Retrieved 8 September 2016.
  4. "Ex-AB Bank DGM held for amassing Tk 325cr". The Daily Star. 17 July 2016. Retrieved 8 September 2016.
  5. "BB general manager arrested". The Daily Star. 17 July 2016. Retrieved 8 September 2016.
  6. "AB Bank completes Cashlink acquisition". The Daily Star. 18 October 2014. Retrieved 8 September 2016.
  7. "Ex-AB Bank official, wife get life term imprisonment". Dhaka Tribune. Archived from the original on 18 September 2016. Retrieved 8 September 2016.


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