Background of AB Bank Limited
 
 

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 banks of the country since its commencement 32 years ago. Our continuous focus devolves our best efforts to make available the latest products and services considering our valued customers and client perspectives and needs with our experience, passion, dedication and quality standards. Being the market leader in the private banking industry of Bangladesh, AB Bank has thus been able to keep its consumer's and client's trust upholding its reliability and strong footage.

During last three decades AB Bank has been extending 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 its Representative Office at Yangon, Myanmar and at London, UK extending its foreign operations.

Despite the adverse market conditions, AB Bank Limited concluded the 2013 financial year with good results. The Bank's consolidated profit after taxes amounting to Taka 146 cr which is 5% higher than that of previous year. The asset base of AB Bank Limited and Its subsidiaries grew by 14% from 2012 to stand at over Tk 17,552 cr at the end of 2013.

The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 2,408 cr i.e. 21% while the diversified Loan Portfolio grew by over 11% during the year and recorded an increase of Tk 1,119 cr. Foreign Trade Business (Import & Export) handling stood at Tk 16,615 cr resulting a growth of over 21% in 2013.

The Bank maintained its sound credit rating in 2013. The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the Bank an AA3 rating on long term and ST-2 rating on short Term.

AB Bank believes in modernization. The bank took a conscious effort to rejuvenate its past identity – an identity that the bank carried as Arab Bangladesh Bank Limited for twenty five long years. As a result, the bank chose to rename itself as AB Bank Limited and Bangladesh Bank put its affirmative stamp on November 14, 2007.

The Bank decided to change its traditional color and logo to bring about a fresh and dynamic appearances in the financial arena; an approach, which like its new logo symbolizes the blend of bonding and trust. The bank developed its logo with the auspicious of its vision and mission and core values with contemporary theme. The new logo represents our cultural "Sheetal pati" as it reflects the bonding with its clientele and fulfilling their every needs. Thus the new spirit of AB is "Bonding". The Logo is primarily "red" symbolizes velocity/speed and purity. The new logo represents bonding of its affiliates that generates changes considering its customer demands. AB Bank launched the new Logo on its 25th founding Anniversary.

AB Bank commits to the nation taking a lead in the Banking sector through not only its strong financial position, but also through innovation on products and services. It also ensures creating value added services for its respected customers and shareholders. The bank has been focusing to bring the 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 and products within the comfort of their homes and offices.

AB Bank has been continuously very keen on investing its greatest asset, the human resources 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 dresses are designed and marked 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!