AB Bank PLC Overview

AB Bank 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 bank’s vision. Side by side it spoke out about its mission, ‘To be the best performing bank in the country’.

Since inception it 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.

It 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

AB Bank PLC Overview: Retail Banking

Under the 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 a 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 PLC Overview : Corporate Banking

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 the industrial sector. The products and services 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.

AB Bank PLC Overview: SME Banking

The contribution of SMEs in national GDP growth and employment generation during last 20 years is huge. Taking the facts into 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
• Ink
• Paint
• Printing & Packaging
• Wire & Cable
• Aluminum
• 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.

NRB Banking

A non-resident Bangladeshi may have an 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 widespread network with foreign banks and money exchanges for easy transfer of homecoming remittances.

Islami Banking

Islami Banking is the demand of many people in the present day. AB Bank responded to the demand in the 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 anything. An individual branch of the bank is completely dedicated to Islami banking service.

Further to the above products and services AB Bank presented Card service with both Debit and Credit cards. Widespread 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.

History of AB Bank PLC

1982
First Private Commercial Bank
First Private Commercial Bank to start Banking Operation

1996
First ATM
First ATM at Gulshan Club

1982
First Teller System
First Teller System in Branches

2009
First in syndication Finance
First in syndication Finance to BIMAN

2009
First financing in Ship building
First financing in Ship building : Western Marine

1999
First in using SWIFT
First in using SWIFT

2008
First Multi Bank
First Multi Bank owned Switching network : CBL

2002
First in Merchant Banking
First in opening Merchant Banking Wing

1995
First to have a Financial House abroad
First to have a Financial House abroad at Hong Kong

1996
First to open overseas Branch
First to open overseas Branch at Mumbai

2009
First subsidiary for Merchant Banking
First subsidiary for Merchant Banking: AB Investment Limited

2010
First to have a office in Myanmar
First to have a representative office in Myanmar

2011
First to invest in Sri Lanka
First to invest in Sri Lanka – Amana Bank Ltd.

2011
First Solar Power ATM
First Solar Power ATM at Uttara

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