AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982.
AB Bank is known as one of leading bank of the country since its commencement 31 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer's and client's trust while upholding their reliability, across time.
During last 31 years AB Bank extended services at home and abroad. Currently AB Bank has 86 local branches, one foreign branch in Mumbai, India; 6 subsidiary companies including one exchange company in UK, Off-shore Banking Unit and Custodial services. The Bank re-opened the Bank’s Representative Office at Yangon, Myanmar and at London, UK extending its foreign operations.
In spite of adverse market conditions, AB Bank Limited which turned 31 this year, concluded the 2012 financial year with good results. The Bank's consolidated profit after taxes amounting to Taka 146 cr which is 5% higher than that of 2011. The asset base of AB Bank Limited and Its subsidiaries grew by 14% from 2011 to stand at over Tk 17,552 cr as at the end of 2012.
The Bank decided to change its traditional color and logo to bring about a fresh approach in the financial world; an approach, which like its new logo is based on bonding, and trust. The bank has developed its logo considering the contemporary time. The new logo represents our cultural "Sheetal pati" as it reflects the bonding with its clientele and fulfilling their every need. Thus the new spirit of AB is "Bonding". The Logo of the bank is primarily "red", as red represents velocity of speed and purity. The new logo innovates, bonding of affiliates that generate changes considering its customer demand. AB Bank launched the new Logo on its 25th Anniversary year.
The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 2,408 cr ie., 21% while the diversified Loan Portfolio grew by over 11% during the year and recorded a Tk 1,119 cr increase. Foreign Trade Business (Import & Export) handled was Tk 16,615 cr indicating a growth of over 21% in 2012.
The Bank maintained its sound credit rating in 2012. The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the Bank an AA3 rating in the long term and ST-2 rating in the short Term.
AB Bank believes in modernization. The bank took a conscious decision to rejuvenate its past identity – an identity that the bank carried as Arab Bangladesh Bank Limited for twenty five long years. As a result of this decision, the bank chose to rename itself as AB Bank Limited and the Bangladesh Bank put its affirmative stamp on November 14, 2007.
AB Bank commits to nation to take a lead in the Banking sector through not only its strong financial position, but also through innovation of products and services. It also ensures creating higher value for its respected customers and shareholders. The bank has focused to bring services at the doorstep of its customers, and to bring millions into banking channels those who are outside the mainstream banking arena. Innovative products and services were introduced in the field of Small and Medium Enterprise (SME) credit, Women's Entrepreneur, Consumer Loans, Debit and Credit Cards (Local & International), ATMs, Internet and SMS Banking, Remittance Services, Treasury Products and Services, Structured Finance for Corporate, strengthening and expanding its Islamic Banking activities, Investment Banking, specialized products and services for NRBs, Priority Banking, and Customer Care. The Bank has successfully completed its automation project in mid 2008. It envisages enabling customers to get banking services within the comfort of their homes and offices.
AB Bank has continuously invests into its biggest asset, the human resource to drive forward with its mission "to be the best performing bank in the country." The bank has introduced Dress Code for its employees. Male employees wear designed ties and females wear Sharee or Salwar Kamiz, all the dresses are consisted with the unique AB Bank logo.
AB is recognized as the people's choice, catering to the satisfaction of its cliental. Their satisfaction is AB's success.