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Pubali Bank
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Pubali Bank PLC. () is the largest in Bangladesh. It has more branches than any other autonomous bank in the country. Monzurur Rahman is the present chairman of the bank.


History
Pubali Bank was started in as Eastern Mercantile Bank Limited in 1959 under the Bank Companies Act 1913 by businessmen. After the independence of Bangladesh in 1971 the bank was nationalized under 's (nationalisation) Ordinance and renamed as Pubali Bank.

Subsequently, Pubali Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited.

The bank signed a loan agreement with Uttara Finance and Investments Limited in 2007.

In 2009, Pubali Bank had reserves worth . It's non-performing loans went from 18.4 per cent in 2004 to 2.96 per cent.

In February 2014, High Court Division, Supreme Court of Bangladesh removed eight members of the board of directors including chairman Hafiz Ahmed Mazumder for not possessing the minimum required shares in response to a petition filed by Shafee Ahmed Chowdhury, a shareholder of the bank.

million went missing in the bank's branch in [[Chittagong]] in 2016 following which five employees of the bank were arrested. Three employees of the bank in Chittagong were jailed for embezzling  million from the bank. In January, Safiul Alam Khan Chowdhury was appointed managing director of Pubali Bank. In May, Habibur Rahman was appointed chairman of the bank. That's It Fashions Limited, a subsidiary of [[Ha-Meem Group]], announced plans to purchase 11 million shares of Pubali Bank.
     

In May 2019, Azizul Huq was elected chairman of the Pubali Bank.

In 2021, Bangladesh Securities and Exchange Commission approved billion of the bank. It signed a loan agreement with .

The Pubali Bank donated million to Bishwo Shahitto Kendro in October 2022. It received million from the British International Investment.


Board of directors
+ !Name !Position !Reference
Monzurur RahmanChairman
Moniruddin AhmedDirector
Habibur RahmanDirector
Ahmed Shafi ChoudhuryDirector
Fahim Ahmed Faruk ChowdhuryDirector
Rumana SharifDirector
M. Kabiruzzaman YaqubDirector
Musa AhmedDirector
Azizur RahmanDirector
Md. Abdur Razzak MondalDirector
Rana Laila HafizDirector
Mustafa AhmedDirector
Independent Director
Mohammad Naushad Ali ChowdhuryIndependent Director
Mohammad AliManaging Director


External links

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