AB Bank Limited
AB Bank Limited info
Name of the Company: AB Bank Limited (ABBL)
Legal Form: Public Limited Company
Date of Incorporation: 31st December 1981
Commencement of Business: 27th February 1982
Registered Office: BCIC Bhaban, 30-31, Dilkusha C/A Dhaka 1000, Bangladesh
Telephone: (+8802) 9560312
SWIFT Code: ABBLBDDH
Web Page: www.abbl.com
AB Bank Limited is the pioneer in commercial banking under private ownership in Bangladesh. It started functioning as Arab Bangladesh Bank Ltd. on 12 April, 1982. ‘To be the trendsetter for innovative banking with excellence and perfection’ was pronounced as the banks vision. Side by side it spoke out about its mission, ‘To be the best performing bank in the country’.
Since inception AB Bank Limited has spread over the country through 82 branches at all economically potential locations. ABBL has established a foreign branch in Mumbai, India and a subsidiary finance company in Hongkong.
AB Bank Limited provides all commercial banking services like Current and Savings accounts, fund transfer, and utility bills receiving. In addition it presents a good number of deposit and credit schemes for the clients. All its services may be classified as follows:
- Retail Banking
- Corporate Banking
- SME Banking
- NRB Banking
- Islami Banking
Under Retail Banking head AB Bank offers some attractive deposit schemes mainly for limited income groups of the society. These schemes are listed below:
>> Family Savings Plan
>> Notice Deposit
>> Security Deposit Receipt
>> Fixed Deposit
>> Monthly Savings Deposit
>> Monthly Income Deposit
>> Deposit Double Scheme
>> Foreign Currency Deposit
All these schemes return competitive profit for the incumbent. You may choose some as per your requirement and ability.
The loan products for personal purposes of AB Bank are Personal Loan, Auto Loan, and Education Loan (for parents and for executives). These loan products demand a nominal personal guarantee and are secured by hypothecation of the commodity to be purchased. The interest rates are reasonable and competitive.
AB Bank manages a complete solution for your corporate business issues, whether you are a local trader or engaged in export and import businesses or you are an entrepreneur in industrial sector. The products and service available at ABBL for corporate people are numerous. Some of the major products are:
- Project Finance
- Working Capital Finance
- Trade Finance
- Cash Management
- Syndicated Finance, both on-shore & off-shore
- Equity Finance, both on-shore & off-shore
- Corporate Advisory Service
AB Bank Limited has developed expertise in syndication and structuring your loan for heavy projects and also for other financial assistance you may need for the development of your business of any size. Just pay a visit at the Corporate Head office of the bank and ask for what you need as a corporate client.
The contribution of SMEs in national GDP growth and employment generation during last 20 years is huge. Taking the facts in consideration AB Bank has rightly converged 54% of its total credit volume to this sector. The bank addresses multi disciplined small and medium scale enterprises of the country. It provides different types of programs for SMEs. The major fields of investment are apprised below:
- Agro machinery Poultry
- Animal Feed
- Dairy Product
- Fruit Preservation
- Hotel & Restaurant
- Garment Accessories
- Leather Product
- Plastic Product
- Furniture, Wood & Metal
- Printing & Packaging
- Wire & Cable
- Cement & Lime Plaster
- Clinics & Hospitals
- Engineering & Scientific Instruments
It’s clear from the above that AB Bank attends most of our small and medium entrepreneurs. If you are a deserving candidate, you may approach any of its 82 branches for necessary service.
A nonresident Bangladeshi may have a FC account at AB Bank. If you are one of them you may have a fixed deposit in foreign exchange also. Different foreign currency bonds are issued by the bank. This bank maintains a wide spread network with foreign banks and money exchanges for easy transfer of home coming remittances.
Islami Banking is the demand of many people in present days. AB Bank responded to the demand in right time. A Shariah Council is constituted by Islamic scholars and bankers to scrutinize each and every Islami banking product and service before presenting it to the clients. Almost all products of ABBL have an equivalent Islami Banking product. So the customers having this channel of service are not deprived of any thing. An individual branch of the bank is completely dedicated for Islami banking service.
Further to the above products and services AB Bank presented Card service with both Debit and Credit cards. Wide spread network of POS and ATMs are all over the country to make your life easy and risk free. So it’s evident that ABBL is marching towards the visionary goals it set 30 years back.
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