AB Bank Limited – The Leading Bank in Bangladesh
AB Bank Limited is a well-known commercial bank in Bangladesh, providing a wide range of banking products and services to its customers. The bank has been serving the nation for more than three decades and has emerged as a leading financial institution in the country. In this article, we will explore AB Bank Limited, its history, products, services, and achievements.
Introduction: A Brief Overview of AB Bank Limited
AB Bank Limited was established in 1982 as Arab Bangladesh Bank Limited, a joint venture between Arab and Bangladeshi investors. In 2007, the bank changed its name to AB Bank Limited to reflect its growing national identity and to expand its services. Today, AB Bank Limited operates through a network of 103 branches across Bangladesh and employs more than 2,000 people.
AB Bank Limited – Products and Services
AB Bank Limited offers a wide range of products and services to its customers, including:
Retail Banking
AB Bank Limited provides a comprehensive range of retail banking services to its customers. These include savings accounts, current accounts, fixed deposit accounts, personal loans, auto loans, credit cards, and debit cards.
Corporate Banking
AB Bank Limited provides a range of corporate banking services to its customers. These include term loans, working capital finance, project finance, syndicated loans, and trade finance.
SME Banking
AB Bank Limited is committed to supporting the growth and development of small and medium-sized enterprises (SMEs) in Bangladesh. The bank offers a wide range of SME banking services to help these businesses achieve their goals.
AB Bank Limited – SME Banking Services
AB Bank Limited offers the following SME banking services:
Business Loans
AB Bank Limited provides business loans to SMEs to help them finance their operations, expand their business, or invest in new projects. The bank offers both secured and unsecured loans, with flexible repayment terms and competitive interest rates.
Working Capital Finance
AB Bank Limited offers working capital finance to help SMEs manage their day-to-day cash flow needs. This type of finance can be used to purchase raw materials, pay suppliers, or cover other operating expenses.
Trade Finance
AB Bank Limited provides trade finance solutions to SMEs engaged in import or export activities. The bank offers a range of trade finance products, including letters of credit, guarantees, and export finance.
Supply Chain Finance
AB Bank Limited offers supply chain finance solutions to help SMEs improve their cash flow and working capital management. This type of finance can be used to provide financing to suppliers or buyers in the supply chain, thereby improving liquidity for all parties involved.
Cash Management Services
AB Bank Limited provides cash management services to SMEs to help them manage their cash flow more efficiently. The bank offers a range of cash management products, including collections, payments, and account reconciliation.
Why Choose AB Bank Limited for SME Banking?
AB Bank Limited is committed to providing personalized and innovative banking solutions to its SME customers. The bank has a dedicated team of professionals who understand the needs and challenges of SMEs and are committed to helping them succeed.
In addition, AB Bank Limited has a strong track record of supporting SMEs in Bangladesh. The bank has received numerous awards and recognitions for its outstanding performance in SME banking, including the Best SME Bank Award by Global Finance.
Frequently Asked Questions (FAQs)
Q: What is the maximum amount of business loan that AB Bank Limited provides to SMEs?
A: The maximum amount of business loan that AB Bank Limited provides to SMEs varies depending on the business’s financials and creditworthiness. Please visit the bank’s website or contact your nearest branch for more information.
Q: Can I apply for a business loan with AB Bank Limited online?
A: No, currently AB Bank Limited does not offer online application for business loans. However, you can visit the bank’s website to find out what documents you need to apply for a business loan and then visit your nearest branch to complete the process.
Q: What is AB Bank Limited’s interest rate for business loans?
A: AB Bank Limited’s interest rate for business loans varies depending on the loan type, amount, and repayment period. Please visit the bank’s website or contact your nearest branch for more information.
Q: Does AB Bank Limited offer Islamic banking services for SMEs?
A: Yes, AB Bank Limited offers Islamic banking services for SMEs through its AB Bank Islami division. Please visit the bank’s website or contact your nearest branch for more information.
Q: Can I get trade finance from AB Bank Limited for exports to countries other than Bangladesh?
A: Yes, AB Bank Limited provides trade finance solutions for exports to countries other than Bangladesh. Please visit the bank’s website or contact your nearest branch for more information.
Q: Does AB Bank Limited offer any training or support for SMEs?
A: Yes, AB Bank Limited provides training and support for SMEs through its AB Business School program. The program offers a range of courses and workshops on business management, financial planning, marketing, and more.
AB Bank Limited – The Leading Bank in Bangladesh
AB Bank Limited – Online Banking
AB Bank Limited offers online banking services to its customers through its AB Direct platform. With AB Direct, customers can manage their accounts, pay bills, transfer funds, and more, all from the comfort of their own homes. AB Direct is available 24/7 and is easy to use.
AB Bank Limited – Mobile Banking
In addition to online banking, AB Bank Limited also offers mobile banking services to its customers. With AB Direct Mobile, customers can access their accounts, make payments, transfer funds, and more, all from their smartphones. AB Direct Mobile is available for both iOS and Android devices.
AB Bank Limited – Corporate Social Responsibility
AB Bank Limited is committed to giving back to the community through its corporate social responsibility initiatives. The bank supports various social causes, including education, health, and the environment. AB Bank Limited also has a program called ABBL Shikha, which provides financial support to underprivileged students to help them continue their education.
AB Bank Limited – Awards and Recognitions
Over the years, AB Bank Limited has received numerous awards and recognitions for its outstanding performance in the banking industry. Some of the awards include:
- Best Bank Award by FinanceAsia
- Best Bank Award by Euromoney
- Best Bank Award by The Banker
- Best Corporate Social Responsibility Award by AsiaMoney
- Best SME Bank Award by Global Finance
AB Bank Limited – The Leading Bank in Bangladesh
Frequently Asked Questions (FAQs)
Q: What is the interest rate for AB Bank Limited’s savings account?
A: The interest rate for AB Bank Limited’s savings account varies depending on the account type and balance. Please visit the bank’s website or contact your nearest branch for more information.
Q: Does AB Bank Limited offer loans to non-resident Bangladeshis?
A: Yes, AB Bank Limited offers loans to non-resident Bangladeshis. Please visit the bank’s website or contact your nearest branch for more information.
Q: What is AB Bank Limited’s SWIFT code?
A: AB Bank Limited’s SWIFT code is ABBLBDDH.
Q: Can I open an account with AB Bank Limited online?
A: No, currently AB Bank Limited does not offer online account opening. However, you can visit the bank’s website to find out what documents you need to open an account and then visit your nearest branch to complete the process.
Q: What is AB Bank Limited’s customer service number?
A: AB Bank Limited’s customer service number is +880 2 9560312-13.
Q: Does AB Bank Limited have any job openings?
A: AB Bank Limited regularly posts job openings on its website. Please visit the bank’s website to see if there are any job openings that match your skills and qualifications.
AB Bank Limited is a trusted partner for SMEs in Bangladesh. With its wide range of banking solutions and dedicated support, the bank has helped numerous SMEs achieve their business goals.
Whether you need financing to expand your operations, manage your working capital, or improve your supply chain, AB Bank Limited has the expertise and resources to help you succeed. The bank’s personalized approach to SME banking ensures that each customer receives tailored solutions that meet their unique needs and requirements.
In addition, AB Bank Limited is committed to promoting sustainable business practices and social responsibility. The bank has implemented a number of initiatives to support environmental sustainability, promote financial literacy, and empower women entrepreneurs.
If you are an SME in Bangladesh looking for a reliable and innovative banking partner, look no further than AB Bank Limited. Contact the bank today to learn more about its SME banking solutions and how it can help you grow your business.
Conclusion
AB Bank Limited has come a long way since its inception in 1982. Today, it is one of the leading banks in Bangladesh, offering a wide range of banking products and services to its customers. With its commitment to innovation and customer service, AB Bank Limited is poised to continue its success in the years to come.