Bangladesh Development Bank

From Wikipedia, the free encyclopedia
Bangladesh Development Bank Limited
TypeState-owned bank, Public Limited Company
IndustryDevelopment Bank
Bank
Capital Markets and allied industries
FoundedDhaka, 16 November 2009
Number of locations
48
Key people
ProductsRetail banking, private banking, corporate banking, deposits, mortgage loan, savings scheme, Sanchay Scheme, trade and retail forex
Total assets৳54.55 billion (US$650 million)
Number of employees
About 745
ParentGovernment of Bangladesh (100%)
Subsidiaries
Websitewww.bdbl.com.bd

Bangladesh Development Bank is a state-owned specialised commercial bank in Bangladesh.[1]

History[]

Bangladesh Development Bank was established on 16 November 2009 as a Public Limited Company by merging the state-owned Bangladesh Shilpa Bank with the Bangladesh Shilpa Rin Sangstha; both were established on 31 October 1972.[2][3] Bangladesh Development Bank started in 2010 with 534 court cases concerning 21 billion taka and 24.6 billion taka in written off liabilities.[4]

The bank has had issues with loan defaulting, as of 2018, the total defaulted loans at the bank stood at 23.32 billion taka.[5] On 11 June 2019, the Anti-Corruption Commission sued for officials of the bank for allegedly embezzling 250 million taka from the bank.[6]

References[]

  1. ^ "Development Bank takes off". The Daily Star. Retrieved 4 January 2010.
  2. ^ "BDBL | Objectives". www.bdbl.com.bd. Archived from the original on 2014-09-07. Retrieved 2019-08-03.
  3. ^ "Bangladesh Development Bank starts journey Jan 3". The Daily Star. 2009-12-08. Retrieved 2019-08-03.
  4. ^ "Development Bank takes off". The Daily Star. 2010-01-04. Retrieved 2019-08-03.
  5. ^ "A loan defaulting epidemic: Over two lakh privileged institutions!". The Daily Star. 2018-09-18. Retrieved 2019-08-03.
  6. ^ "4 BDBL officials sued for embezzling Tk 25cr". The Daily Star. 2019-06-11. Retrieved 2019-08-03.
Retrieved from ""