Pubali Bank PLC.

Commercial bank in Bangladesh

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

Pubali Bank was started in East Pakistan as Eastern Mercantile Bank Limited in the year 1959 under Bank Companies Act 1913 by Bengali businessmen. After independence of Bangladesh in 1971 this Bank was nationalized under Bangladesh Bank's (nationalisation) Ordinance and renamed as Pubali Bank. In 2009, Pubali Bank had reserves worth 88.89 billion taka. It's non performing loans went from 18.4 per cent in 2004 to 2.96 per cent. Five million taka 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 sent to jail for embezzling 128.6 million taka 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 5 billion taka perpetual bonds of the bank. It signed a 52 million USD loan agreement with Bank Muscat. The Pubali Bank donated one million taka to Bishwo Shahitto Kendro in October 2022. It received 50 million USD from the British International Investment.

+NamePositionReferenceMonzurur RahmanChairmanMoniruddin AhmedDirectorHabibur RahmanDirectorAhmed Shafi ChoudhuryDirectorFahim Ahmed Faruk ChowdhuryDirectorRumana SharifDirectorM. Kabiruzzaman YaqubDirectorMusa AhmedDirectorAzizur RahmanDirectorMd. Abdur Razzak MondalDirectorRana Laila HafizDirectorMustafa AhmedDirectorShahdeen MalikIndependent DirectorMohammad Naushad Ali ChowdhuryIndependent DirectorMohammad AliManaging Director