News & Events
 
 
June 19 2014
A seminar on Good Governance



A seminar on Good Governance was run by Iclif Leadership and Governance Center at the Ruposhi Bangla Hotel on 19 June 2014. Based in KL, Malaysia Iclif is an international, Asia-focused center of excellence delivering practical leadership and practical corporate governance programmes.

Participated by Board and management members of various banking and non-banking financial instituions, the event was inaugurated by the Governor of Bangladesh Bank, Dr. Atiur Rahman. Professor Nabil El-Hage, Chairman of Executive Education, USA and adjunct faculty of Iclif facilitated the seminar. Mr. M. Wahidul Haque, Chairman, AB Bank Limited, Mr. Alauddin A. Majid, Chairman, Bangladesh Krishi Bank, and Director of Financial Institutions Directors’ Education, Icif also spoke at the inaugural session.

The seminar jointly organized by Eshna Management Services and AB bank Limited.


June 4, 2014
AB Bank Opens 89th Branch at Bashundhara Residential Area, Dhaka



AB Bank Limited, the first private sector Bank of the country, opened its 89th branch at Green Cornet, Plot No: 7, Block: A, Bashundhara Residential Area, Dhaka on June 4, 2014. Director of AB Bank Mr. Faheemul Huq along with the President and Managing Director of AB Bank Mr. Shamim Ahmed Chaudhury inaugurated the branch. Other Senior Executives of the Bank were also present on the inauguration ceremony.


May 12, 2014
AB Bank and Mosabbir Cancer Care Centre jointly arranged an orientation workshop



Prevention of matador Disease Cancer is a widely discussed issue in modern world. Bangladesh is not also free from the ravages of cancer. Women in developing countries like Bangladesh mostly suffer from Cervical and Breast Cancer. If these diseases detected at an early stage; almost 95% patients can be cured with complete remission. To create health awareness about this matter AB Bank and Mosabbir Cancer Care Centre jointly arranged an orientation workshop. The female employees of AB Bank Limited took part in the workshop; which took place on the AB Bank Training Academy. President and Managing Director Mr. Shamim Ahmed Chaudhury and Chairman of Mosabbir Cancer Care Centre Lt Col Mudassir Hossain Khan (Retd) was present on the occasion. High officials from both of the organizations were present on the occasion.


April 21, 2014
EGM & 32nd AGM of AB Bank Limited



AB Bank approves 7% Stock & 5% Cash Dividend.

AB Bank Limited approved 7% Stock & 5% Cash Dividend for its shareholders at the 32nd Annual General Meeting (AGM) of the Bank held on April 21, 2014 (Monday) at the Bashundhara Convention Centre-2, Dhaka. The AGM approved the Annual Report and the audited Financial Statements of the Bank for the year 2013.

Earlier an Extra-Ordinary General Meeting (EGM) of the Bank was held on the same day at 9.00 am at the same venue. A Special Resolution was approved in the EGM for issuance of ‘AB Bank Subordinated Bond’ up to BDT 250.00 crore for raising Tier-II Capital subject to approval of the concerned Regulatory Authorities. Total capital of Bank now stands at Tk.1915 Crore.

AB Bank Limited completed its 32nd year of successful banking on April 12, 2014. Net Asset Value (NAV) stood at Tk.1,731 crore in 2013 which is 7% higher than 2012. Total Asset of the Bank stood at Tk.20,975 crore at the end of 2013 reflecting a growth of 20% over last year.

As per provisions of SEC 15(10) of Bank Company (Amendment) Act-2013, no more than two persons of the same family shall be entitled to hold the post of Director at the same time. Therefore, contest between Mr. Salim Ahmed and Mr. Sajedur Seraj was resolved through secret ballot. Election Commissioner Advocate Muhammad Mohsen Rashed declared Mr. Salim Ahmed as elected Director of AB Bank Limited who bagged a total of 11.40 crore votes while his contestant Mr. Sajedur Seraj got only 57 thousand of the casted votes.

The 32nd AGM was presided over by the Chairman of the Bank, Mr. M. Wahidul Haque. Vice-Chairman Mr. Salim Ahmed and other Directors, President and Managing Director Mr. Shamim A. Chaudhury were present at the Annual General Meeting which witnessed a good turn-out of shareholders, patrons, clients and well-wishers.


April 12, 2014
AB Bank Celebrates its 32nd Founding Anniversary



AB Bank Limited, the first private commercial bank of the country celebrated its 32nd founding anniversary on April 12, 2014.  All the 89 branches of the Bank observed the day in a befitting manner.

To celebrate this occasion AB Bank organized a friendly cricket match at BKSP, Savar. M. Wahidul Haque, Chairman of AB Bank accompanied by the Directors attended the programme. Shamim Ahmed Chaudhury, President and Managing Director of the Bank greeted all those present on the occasion.

Chairman of AB Bank expressed his gratitude to all shareholders, clients, well wishers and regulators for their continued support and trust in AB Bank.  He also thanked the Bank’s employees who are present and also to them who retired from their services for their dedicated services.

AB Bank operates 89 online branches including  an Islamic Banking Branch  and one branch in Mumbai,, 11 SME centers, two independent subsidiaries AB Investment Limited and AB Securities Limited  and a  wholly owned Subsidiary(ABFIL)  in Hong Kong.  AB Bank also has an Exchange house wholly owned in London, a representative office in UK and also a representative office in Yangon, Myanmar.

AB Bank has contributed in all spheres of National Development in its 32 years of existence. It participates actively in all fields of Corporate Social Responsibility like autistic children, blindness, cancer, natural calamities etc.


April 9, 2014
AB Bank Limited and Chandraboti Academy jointly organized a reception to congratulate Dr. Anisuzzaman for being awarded this prestigious "Padmabhushan" award



Eminent educationist of Bangladesh Professor Emeritus Dr. Anisuzzaman has been awarded India's third-highest civil award "Padmabhushan". He received this award from the President of India Mr. Pranab Mukherjee recently. He is the first Bangladeshi to receive such award. AB Bank Limited and Chandraboti Academy jointly organized a reception to congratulate Dr. Anisuzzaman for being awarded this prestigious "Padmabhushan" award. Honorable Finance Minister of Bangladesh Mr. Abul Maal Abdul Muhith was present as the Chief Guest of the program. Famous Novelist Ms. Selina Hossain was present as Special Guest. Chairman of AB Bank Limited Mr. M. Wahidul Haque presided over the program. Among others the President and Managing Director of AB Bank Limited Mr. Shamim Ahmed Chaudhury and Executive Director of Chandraboti Academy Mr. Kamruzzaman Kajol were also present on the occasion.


April 6, 2014
10th anniversary of Autism Welfare Foundation (AWF) program sponsored by AB Bank Limited



In observance of 7th world autism awareness day and 10th anniversary of Autism Welfare Foundation (AWF); a day long cultural program held on 4th April, 2014 at Bangladesh Shilpakala Academy (BSA) graced by the performance of the autistic students of AWF's school for special children - 'Kanan'. Dr. Ranjit Kumar Biswas, Secretary, Ministry of Cultural Affairs, Nasima Begum, Secretary, Ministry of Social Welfare, Mr. B.B Shaha Roy, Director of AB Bank Limited, Mr. Hafizur Rahman Khan, Chairman, Runner group of companies attended the cultural event as Special Guest. The whole program was sponsored by AB Bank Limited. Autism Welfare Foundation (AWF) also arranged Handicraft Fair where the stuffs are crafted by the autistic students of 'Kanan' - special school of Autism Welfare Foundation from 6th April to 13th April, 2014. Shamim Ahmed Chaudhury, President and Managing Director of AB Bank Limited inaugurated the fair as Chief Guest in presence of the members, guardians and students of Autism Welfare Foundation (AWF).


March 18, 2014
Director of AB Bank Limited Barrister Syed Afzal Hasan Uddin recently handed over a cheque for "Lakho Konthe Jatiyo Songit" programme



Director of AB Bank Limited Barrister Syed Afzal Hasan Uddin recently handed over a cheque of Tk. 10 million at Gono Bhaban to Prime Minister Sheikh Hasina for "Lakho Konthe Jatiyo Songit" programme.


March 14, 2014
Notice Of The Extra-Ordinary General Meeting

Notice is hereby given that an Extra-Ordinary General Meeting (EGM) of AB Bank Limited will  be held on April 21, 2014 (Monday) at 9:00 a.m. at the at the Bashundhara Convention Centre-2, Block-C, Umme Kulsum Road, Bashundhara R/A., Baridhara, Dhaka to transact the following:

The following Special Resolution to be placed for consideration and approval of the Members of the Company:

"Resolved that consent for issuance of 'AB Bank Subordinated Bond' up to BDT 250.00 crore for Tier-II Capital subject to approval of the concerned Regulatory Authorities."

By order of the Board
Sd/-
Company Secretary

NOTES:
1. 'Record Date' is 25th March, 2014 (Tuesday).
Shareholders' names appearing in the Share Register of the Company or in the Depository on the 'Record Date' will be eligible to attend the meeting.
2. A  Member entitled to attend and vote at the above EGM can appoint a proxy to attend and on a poll to vote on his/her behalf. Form of Proxy duly stamped must be deposited at the Company’s Registered Office not later than forty eight hours before the time fixed for the meeting and in default, Form of Proxy will not be treated as valid.

March 14, 2014
Notice of the 32nd (Thirty Second) Annual General Meeting

Notice is hereby given that the 32nd (thirty-second) Annual General Meeting (AGM) of AB Bank Limited will  be held on April 21, 2014 (Monday) at 9:15 a.m. at the Bashundhara Convention Centre-2, Block-C, Umme Kulsum Road, Bashundhara R/A., Baridhara, Dhaka, to transact the following business:

Agenda
1. To receive and adopt the Directors’ Report, the Audited Financial Statements for the year ended 31st December, 2013 and the Auditors’ Report thereon.
2. To declare the Dividend for the year ended 31st December, 2013 as recommended by the Board of Directors.
3. To elect / re-elect Directors.
4. To appoint / re-appoint Auditor for the year 2014 and fix their remunerations.

By order of the Board
Sd/-
Company Secretary

NOTES:
1.

'Record date' is 25th March, 2014 (Tuesday).
The Shareholders whose names appeared in the Register of Members the Company or in the Depository Register on the 'Record Date' will be eligible to attend the AGM and will qualify for the Dividend.

2. A Member entitled to attend and vote at the Annual General Meeting can appoint a proxy to attend and on a poll to vote on his/her behalf.  Form of Proxy duly stamped must be deposited at the Company’s Registered Office not later than forty eight hours before the time fixed for the meeting and in default, Form of Proxy will not be treated as valid.
3. Members are requested to notify change of address, if any, well ahead. For BO Account holders, the same to be rectified through their respective Depository Participants.
4. Admission into the Venue of the AGM will be allowed on production of the Attendance Slip sent with the Annual Report.
5. Shareholders are requested to register their names in the counter at the AGM Venue from 7:00 a.m. to 9:30 a.m.
   
N.B. As per BSEC Directive No. SEC/CMRRCD/2009-193/154 dated 24.10.2013, “No benefit in cash or kind, other than in the form of cash dividend or stock dividend, shall be paid to the holders of equity securities”, in the ensuing 32nd AGM of the Bank.

March 13, 2014
The Governor of Bangladesh Bank recently inaugurated the "Women Entrepreneurs' Conference & Product Display-2014"



The Governor of Bangladesh Bank Dr. Atiur Rahman recently inaugurated the "Women Entrepreneurs' Conference & Product Display-2014" held at Ruposhi Bangla Hotel, Dhaka. "North Bengal Food Village Protina Home Made" led by Mrs. Masuda Islam and "Tripura Hasta Shilpa Kendra" led by Mrs. Ambalika Deb Barma, financed by AB Bank Limited exhibited their products at the event. Mr. Shamim Ahmed Chaudhury, President & Managing Director of AB Bank Limited, Mr. Ahsan Afzal, DMD-Business & Commercial Banking, and Mr. Iftekhar Enam Awal, Head of SME were present at the conference.


March 12, 2014
Price Sensitive Information

Board of Directors of AB Bank Limited (ABBL) in it’s 546th  Meeting held on March 12, 2014 (Wednesday) at  ABBL Head Office, Dhaka, considered and approved the Audited Financial Statements for the year ended December 31, 2013 and also resolved to hold  following as per the schedule below:

A) Recommendation of Dividend, holding of 32nd AGM of the Bank & other related issues:
  Date and Time of AGM : April 21, 2014 (Monday)  at  9:15 a.m.
  Venue of AGM : Bashundhara Convention Centre-02, Block–C, Umme Kulsum Road, Bashundhara R/A., Baridhara, Dhaka.
  Dividend recommended :

i)   Cash Dividend @5.00%  (five per cent) and
ii)  Stock Dividend @ 7.00% (seven percent).

i) Record Date : March 25, 2014 (Tuesday)
ii) Board also declared the following information in compliance with the BSEC Notification dated June 1, 2009.
 

Audited Financial Statements Information
(for the year 2013)

AB Bank Limited
(Consolidated)
(Taka)

AB Bank Limited (Solo)
(Taka)

Net Asset Value(NAV) 17,308,687,827 16,940,049,066
Net Asset Value Per Share (NAVPS) 34.78 34.04
Earnings Per Share (EPS) 2.20 2.03
Net Operating Cash Flow Per Share (NOCFPS) 1.03 0.50
B) To issue ‘AB Bank Subordinated Bond’ up to BDT 250.00 crore for Tier-II Capital  subject to approval of the concerned Regulatory Authorities and holding of Extra-Ordinary General Meeting of the Bank :
  Date and Time of EGM : April 21, 2014 (Monday)  at  9:00 a.m.
  Venue of EGM : Bashundhara Convention Centre-02, Block–C, Umme Kulsum Road, Bashundhara R/A., Baridhara, Dhaka.
  Record Date : March 25, 2014 (Tuesday)

Sd/-
Mahadev Sarker Sumon FCA
Company Secretary


March 5, 2014
AB Bank receives NRB Branding Bangladesh Award



AB Bank got NRB award for supporting initiatives of Branding Bangladesh. Mr. Shamim Ahmed Chaudhury, President and Managing Director of AB Bank Limited, receives award from Dr. Atiur Rahman, Governor, Bangladesh Bank at a function in Dhaka recently.US Ambassador Dan W Mozena and European Ambassador William Hanna were also present on the occasion.


March 2, 2014
Prime Minister Sheikh Hasina handing over a cheque of Tk. 4.80 lac as part of the yearly contribution provided by AB Bank Limited



Prime Minister Sheikh Hasina handing over a cheque of Tk. 4.80 lakh as part of the yearly contribution provided by AB Bank Limited to the family of late Col. B. M. Zahid Hossain who was killed on BDR carnage of 2009 at a simple ceremony held at the Prime Minister’s office. Worth to mention AB Bank Ltd will provide financial assistance for 10 consecutive years to his family. Mr. Selim Ahmed, Vice Chairman of AB Bank Limited and Barrister Syed Afzal Hasan Uddin, Director of AB Bank Limited were also present at the cheque handover ceremony.


February 27, 2014
Bangladesh Bank Governor hands over a cheque of loan from AB Bank



Bangladesh Bank Governor Dr. Atiur Rahman hands over a cheque of loan from AB Bank to one of the creative publishers – Chandraboti Academy at Hotel Ruposhi Bangla in Dhaka recently. The President & Managing Director of AB Bank Limited Mr. Shamim Ahmed Chaudhury and Head of SME Mr. Iftekhar Enam Awal were also present on the occasion.


February 20, 2014
Mr. Shamim Ahmed Chaudhury appointed President and Managing Director of AB Bank



Mr. Shamim Ahmed Chaudhury has been appointed as President and Managing Director of AB Bank Limited. Prior to his present position Mr. Chaudhury was working as President and Managing Director (Acting) in AB Bank Limited.

Mr. Shamim Ahmed Chaudhury, Masters of Business Administration with major in Finance started his banking career as a Management Trainee with American Express Bank Limited in 1980. During his over 33 years of experience, he also served in Bank of Credit & Commerce International (Overseas) Limited, Bank of Small Industries & Commerce, Union Bank of Zambia Limited, Al Rajhi Banking & Investment Corporation, CIT Financial Limited, BPB North American Financial Services  from 1988 to 2005. He served in ONE Bank Limited as Deputy Managing Director from October 2005 to March 2008.

Mr. Chaudhury joined AB Bank on March, 2008 as Deputy Managing Director and was promoted to the rank of Additional Managing Director in October 2013.


February 6, 2014
Sajjad Hussain joins AB Bank as DMD



Mr. Sajjad Hussain has joined AB Bank as its Deputy Managing Director - Head of Operations and Chief Risk Officer. Prior to his new assignment, he was serving Dhaka Bank Limited as Deputy Managing Director & Head of Operations.

Mr. Hussain has thirty years of experiences in the banking arena and worked with leading local and multi-national commercial banks in Bangladesh and abroad.

Mr. Hussain started his career in American Express Bank Ltd., Chittagong as Head of Loan Administration in 1984. He worked in different capacities over a period of fourteen years and lastly, he held the position of Senior Director & Country Operations Officer in the same organization prior to migrating to the USA in 1998. Mr. Hussain also worked with American Express Bank Ltd., USA as Manager Operations in Miami and Operations Consultant in New York. Prior to Dhaka Bank Ltd. , Mr. Hussain worked for ONE Bank Ltd. as Sr. Executive Vice President & Head of Operations.

Mr. Hussain holds a BA (with Honors) and MA in English Literature from the University of Dhaka.


February 5, 2014
AB Bank distributes warm clothes at Godagari, Rajshahi



AB Bank Limited has recently distributed blankets among the deprived population. Under the Corporate Social Responsibility Program; Mr. Shamim Ahmed Chaudhury, President and Managing Director (Acting) of AB Bank Limited has distributed the blankets among the poor people at Godagari, Rajshahi. Executive Vice President & Head of GSSP Mr. Mahbub-E-Sobhani, Vice President Mr. Md. Abdul Maleque and other officials of AB Bank Limited were also present on the occasion.


January 20, 2014
AB Bank distributes warm clothes



AB Bank limited under its Corporate Social Responsibility distributed 5000 blankets as warm clothes to help and stand beside the deprived population affected by the fierce winter through Bangladesh Bank. Mahbub-E-Sobhani, EVP & Head of GSSP, AB Bank Limited handed over the blankets to A.F.M Asaduzzaman, General Manager, Bangladesh Bank on a simple occasion. Among others Tania Sattar, AVP and In-Charge Corporate Affairs, S.M. Abul Kalam Azad Azad, Principal Officer, Corporate Affairs were present in the occasion.


January 12, 2014
AB Bank distributes warm clothes



AB Bank Limited has recently distributed blankets as warm clothes to help and stand beside the deprived population affected by the fierce winter. Under the Corporate Social Responsibility Program; AB Bank Ltd distributed blankets at Pakundiya, Kishorganj. Executive Director of Bangladesh Bank Mr. M. Mahfuzur Rahman Rahman was the chief guest for this event. Vice President Mr. Monoranjan Dutta and Senior Assistant Vice President Mr. Md. Saiful Islam Khan of AB Bank Limited were also present on the occasion.


January 1, 2014
Mr. Shamim Ahmed Chaudhury appointed President and Managing Director (Acting) of AB Bank



Mr. Shamim Ahmed Chaudhury has been appointed as President and Managing Director (Acting) of AB Bank Limited with effect from 01 January, 2014.Prior to his present position Mr. Chaudhury was working as Additional Managing Director in AB Bank.

Mr. Shamim Ahmed Chaudhury, Masters of Business Administration with major in Finance started his banking career as a Management Trainee with American Express Bank Limited in 1980.During his career spanning more than three decades, Mr. Chaudhury has served in various capacities at home and abroad with national and multinational financial institutions.

Mr. Chaudhury’s contribution at AB Bank Limited in Operation, Information Technology, Treasury Back Office, Credit Administration & Monitoring, Central Compliance Unit (CCU) and Corporate & Structured Finance Division over the last five years is commendable and praiseworthy.


December 26, 2013
AB Bank Opens 88th Branch at Banani, Dhaka



AB Bank Limited, the first private sector Bank of the country, opened its 88th branch at S.R.R. Commercial tower, Plot 50, Road 11, Banani, Dhaka on December 26, 2013. Mr. M. A. Awal, Director of AB Bank Limited has inaugurated the branch. Other Board of Directors graced the occasion with their presence.  Mr. Ahsan Afzal, President & Managing Director (Current Charge) and Senior Executives of the Bank were also present on the inauguration ceremony.


December 19, 2013
AB Bank Opens 87th Branch at Chaturi, Anowara, Chittagong



AB Bank Limited opened its 87th branch at Chaturi, Anowara, Chittagong on December 19, 2013. Senior Executive Vice President and Regional Relationship Manager Chittagong Mohammed Ishaque Chowdhury inaugurated the branch as the Chief Guest. Among other senior officials Senior Executive Vice President and Regional Relationship Manager Syed Aminul Islam and Branch Relationship Manager, Md. Salahuddin Chy were also present on the opening ceremony.


November 29, 2013
AB Bank 23rd President Cup Golf Tournament held



AB Bank 23rd President Cup Golf Tournament, amid much enthusiasm and festivity, ended at the Bhatiary Golf & Country Club on Friday, November 29. All most 150 golfers took part in the event which was sponsored by AB Bank Limited.

On the prize distribution ceremony, Major General Sabbir Ahmed, ndc, psc General Officer Commanding 24 Infantry Division & Senior Vice President Bhatiary Golf & Country Club, gave away prizes among the winners as Chief Guest. As special guest, Shamim Ahmed Chaudhury, Additional Managing Director of AB Bank Ltd. along with other executives of the Bank were also present on the occasion.


November 03, 2013
AB Bank signs Short-Term Finance (STF) facility and Global Trade Finance Program (GTFP) with International Finance Corporation (IFC)



AB Bank Limited, country’s first private commercial bank signed a Memorandum of Understanding (MOU) regarding “Registration with Electronic Government Procurement (e-GP) System” with Central Procurement Technical Unit (CPTU), Ministry of Planning recently. The signing ceremony took place at Ministry of Planning, Agargaon, Dhaka.

Under the MOU, CPTU will provide E-GP Portal Dashboard and training to nominated focal persons of the bank in e-GP portal link as the e-payment service provider. As member bank AB Bank will provide services like registration/re-registration of bides/tenders and sell tender documents on behalf of Procuring Agencies (Pas) and Procuring Entities (PEs) within the territorial jurisdiction of the bank.

Mr. Shamim Ahmed Chaudhury,  President & Managing Director(Current Charge) AB Bank Limited and Mr. Amulya Kumar Debnath, Director General ,CPTU,  Ministry of Planning, Government of Bangladesh signed the MOU on behalf of their respective organizations.

Mr. Mohammad Mejbahuddin, Secretary IMED, Ministry of Planning, Government of Bangladesh attended the MOU signing ceremony and presided over this function.


July 10, 2013
AB Bank signs Short-Term Finance (STF) facility and Global Trade Finance Program (GTFP) with International Finance Corporation (IFC)



AB Bank Ltd., country’s leading Financial Institution signed agreements for Short-Term Financing(STF) facility and Global Trade Finance Program(GTFP) with International Finance Corporation(IFC). IFC, a member of the World Bank Group, is the largest global development institution focusing exclusively on the private sector financing needs in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines their policies.

The agreements were signed in presence of Mr. M Wahidul Haque, Chairman of AB Bank Limited,    Mr. M. Fazlur Rahman, President & Managing Director, AB Bank Limited and Mr. Kyle F. Kelhofer, Country Manager, International Finance Corporation(IFC) along with other Senior Executives of both the organizations paving the way for AB Bank Limited to avail Short-Term Finance(STF) facility of US$35.00 Million for its Off-Shore Banking Unit(OBU) operations and US$45.00 Million under Global Trade Finance Program(GTFP) for the Bank (totaling US$80.00 Million). The above agreements will have a significant contribution towards better Trade Financing ability of Bangladesh and thereby help speedy development.

July 10, 2013
AB Bank approves 12.50% Stock dividend



AB Bank Limited approved 12.50 percent Stock Dividend for its shareholders at the 31st Annual General Meeting (AGM) of the Bank held on July 07, 2013 (Sunday) at the Bashundhara Convention Centre-2, Bashundhara R/A, Baridhara, Dhaka.  The AGM also approved the Annual Report and the audited accounts of the Bank for the year 2012.

AB Bank Limited completed its 31st years of successful banking on April 12, 2013. Net Asset Value (NAV) stood at Tk.1,622 crore in 2012 which is 8% higher than 2011. Earnings Per Share (EPS) was Tk.3.32 in 2012 which was Tk.3.15 in 2011. Total Asset of the Bank stood at Tk.17,552 crore at the end of 2012 reflecting a growth of 14%.

Deposit of the Bank rose by Tk.13,991 crore i.e. 21% while its diversified loan portfolio grew by Tk.1,119 crore i.e. around 11%. Foreign Trade Business handled by the Bank reached Taka 16,615 crore in 2012 showing a growth of 21%.

The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the Bank an AA3 in the Long Term and ST-2 Rating in the Short Term indicating the Bank’s very strong capacity to meet financial commitments and its commendable position in terms of liquidity and internal fund generation.

The Bank invested in developing it’s Alternate Delivery Channel with a network of 231 ATMs across the country and is aiming to increase it to 300 by 2013. The Bank will also introduce Credit Cards in 2013. The Bank also went for Off-shore Banking automation in 2012.

AB Bank in the year 2012 contributed significantly to the Government Exchequer by paying tax of Tk.370 crore.

During last 31years 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.

Beside sustainable business growth AB Bank also focus on socially responsible activities through prioritizing export promotion, employment generation, import substitution, development of agriculture, women entrepreneurs and standing beside people through Corporate Social Responsibility (CSR) in health, education, sports and natural disasters.

The 31st AGM was presided over by the Chairman of the Bank, Mr. M. Wahidul Haque. Vice Chairman Mr. Salim Ahmed and other Directors, President and Managing Director Mr. M. Fazlur Rahman were present at the Annual General Meeting which witnessed a good turn-out of shareholders, patrons, clients and well-wishers.

June 10, 2013
AB Bank re-opens office in London



AB Bank Limited, Bangladesh has re-opened its representative office in the name of AB Bank (UK Representative Office) Ltd recently at 69 Whitechapel High Street, London. AB Bank (UK Representative Office) Ltd will be engaged in promotion/marketing of foreign trade, other non funding trade activities, carrying out public relation work with individuals, companies or corporate bodies and Banks and will contact potential investors to invest in the UK and Bangladesh.

Generally, the representative office shall be the contact point and one stop service in London to inform customers particularly non-resident Bangladeshi in UK about the banking services and products rendered in AB Bank Limited, Bangladesh. Moreover this office shall be engaged in marketing of selling Bangladesh Government Bonds such as Wage Earners Development Bond, US Dollar Premium Bonds, US Dollar Investment Bonds.

April 30, 2013
Price Sensitive Information

The Board of Directors of AB Bank Limited in its 523rd Meeting held on April 29, 2013 at 4.30 p.m. approved the un-audited Financial Statements for the 1st Quarter (January-March), 2013.

Financial Highlights of the Bank:

Taka in Crore
  AB Bank Ltd.
(Consolidated)
AB Bank Ltd.
January - March January - March
  2013 2012 2013 2012
● Profit before Tax & Provision 112.40 120.60 104.47 101.29
● Profit after Tax (PAT) 20.53 50.12 15.14 37.42
● Net Asset Value (NAV) 1,641.50 1,622.25 1,617.50 1,603.38
Amount in Taka
● Net Asset Value Per Share 37.11 36.67 36.57 36.25
● Earnings Per Share (EPS) 0.47 1.14 0.34 0.85

● Net Operating Cash Flow Per Share
(NOCFPS)

4.35 5.10 4.76 4.45


By order of the Board
Sd/-
Company Secretary

March 30, 2013
Price Sensitive Information

Board of Directors of AB Bank Limited (ABBL) in it’s 521st Meeting held on March 28, 2013 (Thursday) at 7:30 p.m. at ABBL Head Office, Dhaka, considered and approved the Audited Financial Statements for the year ended December 31, 2012 and recommended 12.50% Stock Dividend for distribution of Dividend for the year ended December 31, 2012 to the Shareholders.

Board also decided to hold the 31st Annual General Meeting (AGM) of the Company (ABBL) as per the schedule below:

1.
31st Annual General Meeting (AGM) of AB Bank Ltd :
-- Date : July 07, 2013 (Sunday)
-- Time : 11:00 a.m.
-- Venue : Bashundhara Convention Centre,
Block–G, Bashundhara R/A.,
Baridhara, Dhaka.
2.
Record Date : April 30, 2013 (Tuesday)
3. Dividend Entitlement: The Shareholders whose names would appear in the Register of Members of the Company (ABBL) and / or in the Depository on the ‘Record Date’ will be eligible to attend the AGM and entitled to the Dividend recommended by the Board.
4. Board also declared the following information in compliance with the SEC Notification dated June 1, 2009.
 
Audited Financial Statements
Information (for the year 2012)
AB Bank Ltd.
(Taka)
AB Bank Ltd. (Consolidated)
(Taka)
Net Asset Value (NAV)  16,033,805,870 16,222,502,086
Net Asset Value Per Share (NAVPS) 36.25 36.67
Earnings Per Share (EPS) 3.25 3.32
Net Operating Cash Flow PerShare (NOCFPS) 20.68 20.62

Above is in compliance with the SEC Directives No. SEC/SRMID/2000-85/2248-PRA-02/1 dated December 19, 2000 and SEC/CMRRCD/2009-193/Admin/03-31 dated June 1, 2009.

-sd-
Mahadev Sarker FCA
Company Secretary

October 30, 2012
Price Sensitive Information

Board of Directors of AB Bank Limited in its 508th Meeting held on October 30, 2012 at 6:30 p.m. approved the unaudited Financial Statements for the 3rd Quarter ended (January- September), 2012.

Financial Highlights of the Bank: Amount in Taka (Crore)
  AB Bank Ltd & it's subsidiaries AB Bank Ltd
  January - September January - September
  2012 2011 2012 2011
Profit before Tax & Provision 346.19 350.89 292.54 246.86
Profit after Tax (PAT) 103.60 136.69 70.85 70.02
Net Asset Value (NAV) 1,585.81 1,499.11 1,536.43 1,420.09
Amount in Taka
Net Asset Value Per Share 35.85 33.89 34.73 32.10
Earnings Per Share (EPS) 2.28 3.11 1.60 1.58
Net Operating Cash Flow Per Share 8.02 21.17 7.00 19.32

By the order of the Board
Sd/-
Company Secretary

October 15, 2012
AB's "Mutual Learning and Sharing of Experience" with Myanma Economic Bank



AB Bank organized a five day long Training program on International Trade, Foreign Exchange and Information Technology for the delegates of Myanma Economic Bank, Myanmar.  Mr. M. Wahidul Haque, Chairman of AB Bank inaugurated the training program which covered important topics on International Trade, Foreign Exchange and Information Technology. Mr. Than Lwin Oo, General Manager, Ms. Tin Nwe Yee, Assistant General Manager, Mr. San Aye, Assistant General Manager and Ms. The Su Hlaing, Assistant Manager of Myanma Economic Bank, Myanmar attended the training program. The main objective of the training program is mutual learning and sharing of experience regarding International Trade with Myanma Economic Bank.

Mr. M. Fazlur Rahman, President and Managing Director of AB Bank Limited, Mr. Shamim Ahmed Chaudhury, DMD, Mr. Badrul Haque Khan, FCA, DMD and other senior officials of AB Bank also attended the inaugural ceremony and exchanged gifts.

October 08, 2012
Microsoft and AB Bank has renewed Enterprise Agreement



AB Bank Limited, first private commercial bank in the country, has renewed the Enterprise Agreement and Select agreement with the world-leading software company, Microsoft on 7th October, 2012 at Westin hotel in Dhaka. Mr. M. Fazlur Rahman, President & Managing Director of AB Bank Limited and Mr. Sriyan De Silva Wijeyeratne, Country Manger of Microsoft Bangladesh signed the Agreements on behalf of their respective organizations. AB Bank management officials, officials from IT department and others were present during the event. Mr. Pubudu Basnayake Chief Operating Officer, Mr. Mohammed Asif, Head of Enterprise Sales and other officials from Microsoft Bangladesh also attended the program. These frames of agreements demonstrates AB Bank’s commitment and respect for IPR law to use  legitimate Microsoft software as well as strengthening the technology partnership between the two organizations.

Under these agreements, Microsoft will deliver various applications and servers software to AB Bank to use for their Office productivity, identity and network management, virtualization environment management, IT security, advance messaging and collaboration solutions across the organization. A significant number of applications will be used under Microsoft platform using Windows Server and SQL Server database.

As per the agreement, AB Bank will get new/upgrade version of Microsoft software, direct technical support, online and class-room training for IT Pro and users, round-the-clock web supports and other admissible benefits. Microsoft will provide particular consulting services to deploy latest Microsoft technologies following the international standard best-practices. The agreement benefit will allow AB Bank employees to use genuine licensed Microsoft product at their home computers and free software for bank’s disaster recovery sites.

Through these agreements AB Bank can use genuine and upgraded/new Microsoft technologies that will enable them faster business communication, reduce operational cost, provide strong data security and will help to develop a productive workforce to smartly handle today’s modern operation of a financial institute; this will ultimately support for better banking service to bank’s large number of valued clients.

June 25, 2012
Credit Rating Report: Still Standing Strong
Credit Rating Agency of Bangladesh Limited (CRAB) has affirmed 'AA3' rating in the long term and 'ST-2' rating in the short term to AB Bank Ltd. for the year ended 31 December 2011 (based on audited financials).

Entity Rating December 2010 Entity Rating December 2011 Definition
Long Term Long Term Banks rated AA3 in the long term belong to "Very strong capacity & Very high quality" cohort. Bank has very strong capacity to meet their financial commitments. Bank is judged to be of high quality and is subject to low credit risk.
AA3 AA3
Short Term Short Term The bank rated ST-2 in the short term is considered to have strong capacity for timely repayment. Bank is characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds.
ST-2 ST-2
Date of Rating 21 June, 2012

By the order of the Board
Sd/-
Company Secretary

June 06, 2012
AB Bank Limited inaugurated ‘Representative Office’ in Yangon, Myanmar


AB Bank Limited inaugurated its “Representative Office” in Yangon, Myanmar on 6th of June, 2012.The inauguration ceremony was held at Sedona Hotel, Yangon. Honorable Chairman of AB Bank Limited Mr. M Wahidul Haque, President & Managing Director Mr. M Fazlur Rahman, Director Mr. M A Awal, Director Mr. Feroz Ahmed, Director Mr. Faheemul Huq, Head of Yangon Representative Office Mr. Mohammed Mahmudur Rahman along with Deputy Minister Mr. U Win Than, Ministry of Finance of Myanmar, Yangon Region Chief Minister U Myint Swe, Region Development Affairs Minister Yangon Mayor U Hla Myint and Ambassador of Bangladesh to Myanmar Major General Anup Kumar Chakma, ndc, psc were present at the inaugural function.

Honorable Chairman of AB Bank Mr. M Wahidul Haque in his welcome speech stated that Myanmar holds significant importance in the context of Trade and Business. AB Bank feels honored to have the opportunity to open its “Representative office” in Myanmar. Mr. M Wahidul Haque expressed gratitude towards Government of Myanmar for allowing AB Bank to open its Representative office in Yangon. He also thanked Bangladesh Bank for providing the permission of doing business abroad.
President & Managing Director M Fazlur Rahman conveyed vote of thanks at the inaugural function. He also mentioned in his speech that AB Bank started operation earlier in the international arena through its operation at India Hong Kong and United Kingdom. Through the opening of our Representative Office in Myanmar, AB Bank will contribute towards business relationship between Bangladesh and Myanmar by utilizing the opportunity of trade & business between our two countries.


April 18, 2012
Notice of the 30th Annual General Meeting

Notice is hereby given that the 30th (thirtieth) Annual General Meeting (AGM) of AB Bank Limited will  be held on May 02, 2012 (Wednesday) at 11:00 a.m. at the Bashundhara Convention Centre-2, Bashundhara R/A., Baridhara, Dhaka, to transact the following business:

Agenda

1.

To receive and adopt the Directors’ Report, the Audited Accounts for the year ended 31st December, 2011 and  the Auditors’ Report thereon.

2.

To declare the Dividend for the year ended December 31, 2011 as recommended by the Board of Directors.

3.

To elect Directors.

4.

To appoint Auditors for the year 2012 and fix their remunerations.


By order of the Board
Sd/-
Company Secretary

Notes:

  • Record date’ was March 01, 2012 (Thursday)
    Shareholders’ names appearing in the Register of Members the Company as at the close of business on the ‘Record Date’ will be eligible to attend the AGM and will qualify for the Dividend.

  • A Member entitled to attend and vote at the Annual General Meeting (AGM) can  appoint a proxy to attend and on a poll to vote on his/her behalf.  Form of Proxy duly stamped must be deposited at the Company’s Registered Office not later than forty eight hours before the time fixed for the meeting and in default, Form of Proxy will not be treated as valid.

  • Members are requested to notify change of address, if any, well ahead.  For BO Account holders, the same to be rectified through their respective Depository Participants.

  • Admission into the Venue of the AGM will be allowed on production of the Attendance Slip sent with the Annual Report.

  • hareholders are requested to register their names in the counter at the AGM Venue from 9:00 a.m. to 11:30 a.m.

April 18, 2012
Date and Venue Change for the 30th (Thirtieth) Annual General Meeting

Due to some unavoidable circumstances, Board of Directors of the Bank has decided to re-fix the date and Venue for holding of 30th AGM of the Bank, as below:

AGM Date May 02, 2012 (Wednesday)
AGM  Venue

Bashundhara Convention Centre-2,
Bashundhara R/A., Baridhara, Dhaka.

AGM Time At 11:00 a.m.

Record date shall remain unchanged as declared earlier, which was  01st March, 2012.  Other information shall also remain unchanged as per our earlier Notice dated 19th February, 2012 regarding 30th AGM.

In this respect, all our earlier notifications shall be treated as cancelled.

By order of the Board
Sd/-
Company Secretary

April 12, 2012
Chairman's Speech on 30th anniversary celebration
Dear members of AB family,



Today is a very special day for AB Family. We are proud to be associated with the 30th anniversary celebration of the Bank today.

On this occasion, I recall with gratitude the initiative of the pioneers of this Bank who had not only set up the first private sector Bank of the country but had a vision to build it up not only as the best performing bank of the country but a trend setting bank in Bangladesh. The endeavor of the sponsors, the Board, all levels of management, the patrons and the valued clientele earned for the Bank an enviable position.

I take this opportunity to extend my heartfelt felicitations to the Board of Directors for their invaluable guidance and directions. My appreciation for the contribution of all our colleagues must also be put on record. On this auspicious day, I recall the contributions of all members of the AB family who are with us and also to those who are not with AB, but their contributions are remembered with gratitude.

It is the right moment for us all today to renew our pledge to further strengthen the position of our Bank. To remain in the position of a leading bank in the coming days will demand innovation, dedication, best technology backed customer service but above all abundance of personal contact with our business partners, regulator and the shareholders.

AB must continue to play a leading role in Nation Building process in the future as AB has done in the past.

You are the key to our success in AB and it is you, who have made it possible for our business partners, shareholders and stakeholders to place their faith and trust on us – we must strengthen this faith, trust and mutual bonding.

May Allah shower His Mercy on us all and give us the strength and capacity to make our future dream come true.

Allah Hafez.

M. Wahidul Haque
Chairman

April 05, 2012
AB Bank Will Continue Participation in Industry Investment towards National Development

Bank Chairman M Wahidul Haque declares on 30th Anniversary Celebration



AB Bank, the first private sector bank of the country, has achieved its customers’ satisfaction for the last 30 years. The Bank started its commercial operation back in 1982. Within this period the bank has played a vital role in the development of the private sector and in the development of the country. In the near future, the bank has plans to provide the customers with new and innovative services, the Chairman says. He also says the bank intends to enhance its participation in national development through having more share of investment in commerce and industry. On this occasion he thanked the sponsor shareholders for taking the first bold step in setting up the bank. He on behalf of all in the Bank specially thanked and expressed gratitude to Mr. M Morshed Khan and his family for their visionary and bold step to establish the Bank.

He said all these at the press conference that was arranged at a local hotel on the eve of 30th Anniversary celebration. Directors of the bank among with the President and Managing Director M. Fazlur Rahman, Deputy Managing Directors Shamim A. Chaudhury, Badrul H Khan, Ahsan Afzal were present on the occasion.

AB Bank chairman M Wahidul Haque said, ‘Taking into consideration the world economy, AB will step forward through creating newer opportunities for itself with its unique features and stature, meeting domestic demands and aligning with the government policy and programs for economic development. AB Bank since its inception has been continuing moving forward integrating these and ensuring banking for all.  The bank is conducting its operation considering the shareholders and depositors interest as its core obligations religion’. He also said, ‘The customer-friendly initiatives we took have created a unique place for us in the competitive market’. AB Bank has moved a step forward in banking activities through taking its operation in the international arena crossing national boundaries’.

Bank’s Chairman M Wahidul Haque has also expressed gratitude towards all customers, shareholders, regulatory bodies and all patrons in mass media on the occasion of celebrating 30th anniversary of the bank. Being the 1st Private commercial bank in the country, AB Bank is celebrating its 30th anniversary by organizing different events countrywide. Bank has created an education trust fund worth of Tk. 50.00 lac for children of its non-cadre employees to keep them with their higher education. To rejoice the anniversary, Painting & Essay competition ‘Ronger Khela’ and ‘Lekhar Utshab’ had been organized for younger members of AB family. The bank has always been concerned about its CSR (Corporate Social Responsibility) activities. In addition to this, bank is also arranging Blood Donation Program with ‘Shandhani’, providing food in different orphanages throughout the country and giving computers in 30 educational institutions to ensure use of information technology. Bank also introduced a stipend program named ‘Morshed Khan Education Stipend’ for the students of Chittagong Collegiate School & College, which will play a pivotal role in our education sector.  Bank also plans to continue and strengthen its participate in the educational development of Autistic Children and blind students. It also plans to initiate destitute women help fund with a local NGO.

Other than these, the bank has also arranged different programs in different regions to recognize its customer’s contribution.

March 06, 2012
Opening and Maintaining of Foreign Currency Account with Authorized Dealer Branches of AB Bank Limited


Procedures and key information for opening of Foreign Currency (FC) accounts with AB Bank Limited is appended below:

  1. Private Foreign Currency (FC) Account:
    • Private FC Account may be opened in our Authorized Dealer branches by (a) Bangladeshi nationals working/residing abroad (b) Foreign nationals residing abroad or in Bangladesh (c) Foreign missions and their expatriate employees (d) Foreign firms registered abroad and operating in Bangladesh or abroad (e) Bangladeshi nationals working in foreign/international organizations in Bangladesh with entitlement to receive salary in foreign currency.
    • Bangladeshi nationals proceeding abroad for employment/immigration/self-employment may open this account even without initial deposits.
    • The account opened by non-resident Bangladeshis may be maintained as long as the account holder desires even after their return. Account holders may operate the accounts themselves or nominate other persons in Bangladesh for this purpose.
    • Remittance from abroad through banking channel may be sent to this account. This account may be credited with transfer of fund from other foreign currency accounts. In addition, cash foreign currency brought into Bangladesh by the account holder while on visit may be deposited in this account.
    • FC account is in the nature of savings. However, the account may be maintained in the form of term deposits.
    • FC account holder will get interest if the deposit is maintained in the form of term deposits for the period of one/three/six/twelve months at prevailing deposit rate. Accounts not specifically mentioned as term deposit (for balances not less than USD 1,000/=, Pound Sterling 500/= or equivalent in other currency lying in the accounts for minimum one month or longer) may get the interest.
    • Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies).
  2. Resident Foreign Currency Deposit (RFCD) Account:
    • Persons ordinarily resident in Bangladesh may open RFCD account with foreign exchange brought in at the time of their returns from travel abroad.
    • Resident persons may open this account at any time after their return to Bangladesh. However, amount in excess of USD 5,000/= or its equivalent brought in with declaration to customs authority in FMJ Form should be deposited in this account within 30 days of arrival. Up to USD 5,000/= or its equivalent may be deposited in this account at any time after return to Bangladesh.
    • Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies).
  3. Non-Resident Foreign Currency Deposit (NFCD) Account:
    • NFCD account may be opened in our Authorized Dealer branches by (a) Bangladeshis working/residing abroad (b) Bangladeshis having dual nationality residing abroad (c) Bangladeshi nationals serving with missions of Bangladesh in foreign countries (d) Officers/staff of the government/semi-government organizations/nationalized banks and employees of corporate body posted abroad or deputed with international and regional agencies in foreign countries against foreign currency remitted through banking channel or brought in cash.
    • NFCD account is in the nature of term deposit maturing after one month, three months, six months and one year. This account may be opened in US Dollar, Pound Sterling, Euro or Japanese Yen with a minimum deposit of USD 1,000/= or Pound Sterling 500/= or equivalent.
    • Foreign nationals/firms/investors may open this account with a minimum deposit of USD 25,000/= or its equivalent.
    • This account is interest bearing. The interest is exempted from tax.
    • Foreign currency deposited in this account is freely convertible into Taka. Deposited foreign currency may easily be sent abroad through banking channel. Moreover, foreign currency in cash may be taken from this account while visiting abroad (up to USD 2,000/= in the form of cash and remaining in the form of TC, Card & other currencies).
Eligible Bangladeshis may open such Accounts with Authorized Dealer Branches of AB Bank Limited in Bangladesh by filling-up the prescribed Application Form alongwith submission of other required documents such as photograph, photocopy of passport etc.

Eligible Bangladeshis residing abroad may send the Application Form to AD Branches of AB Bank Limited in Bangladesh along-with set of required documents duly verified and attested by Bangladesh Mission abroad, or a reputable bank or any other person known to the AD of AB Bank Limited, Bangladesh to open such accounts. Submission of Employment Certificate/ Business Registration Certificate is not necessary for opening of such accounts of Bangladeshis residing abroad.

Mentionable here that Non-resident Bangladeshi and other non-resident foreign nationals may, besides opening of private FC accounts and NFCD accounts as stated above, invest in US Dollar Premium Bond, Investment Bond and Treasury Bond (in Taka) of Bangladesh Government. In addition, investment may be made in shares/securities listed in stock exchanges through opening of Non-Resident Investor’s Taka Account (NITA). Non-resident Bangladeshis may also invest in Wage Earner’s Development Bond in Taka.

Bangladesh Bank website [www.bb.org.bd, Guidelines for Foreign Exchange Transaction, (Vol-I, Ch-13)] may be visited for additional information and relevant explanation. In addition, Authorized Dealer branches or Mr. Md. Ashiqul Islam, Officer, Retail Banking Division.

Head Office, AB Bank Limited, Phone: 88-02-9560312, Cell No. 880-1722788408 Fax: 88-02-9564123 may be contacted for further details.

March 01, 2012
Bangladesh Sports Directory



The launching of the 1st ever “Bangladesh Sports Directory” was held at the Monalisa Ballroom at the La Vinci Hotel, Dhaka on February 27, 2012 with the patronization of AB Bank Limited and the initiation of Sports Vision Limited. The Chief Guest of the ceremony was Mr. G M Quader, Commerce Minister, Government of the People’s Republic of Bangladesh. The honorable Chairman of AB Bank Limited Mr. M.  Wahidul Haque has graced the occasion with his presence as Special Guest. Mr. M. Fazlur Rahman, President and Managing Director (Acting) and Mr. B. H. Khan, Deputy Managing Director of AB Bank Limited along with Mr. Saiful Bari, Chief Advisor, ATN Bangla, Mr. Mahbubul Anam, Senior Vice President, Bangladesh Cricket Board, Mr. Motiur Rahman Chowdhury, Editor, The Daily Manab Zamin, Captain Saifur Rahman, Chairman, Sports Vision Limited and Dr. Anupam Hossain, Managing Director, Sports Vision Limited and Editor, Bangladesh Sports Directory, were also present at the ceremony.

“Bangladesh Sports Directory” highlighted the persons associated with the Ministry of Youth & Sports, National Sports Council (NSC), Olympic Association, Bangladesh Krira ShikhaProtishtan (BKSP), Sports Federations & Associations, Divisional & District Sports Association, Leading Sporting Clubs as well as Sports Journalists of Print and Electronic Media, Sports Analysts and Commentators, Trainers of physical education department of Leading Universities, Schools.

The Chief Guest honorable Commerce Minister of Bangladesh ascribed the importance of public and private support in the sports sector and requested everyone associated with sports sector to work together to bring significant changes in the Sports sector and thus enhance the country’s image.  He believes “Bangladesh Sports Directory” is an outstanding effort that will establish a wonderful and strong network among the people of the Sports sector of Bangladesh. In the speech of Special Guest, Honorable Chairman of AB Bank Limited, Mr. M. Wahidul Haque vastly admired excellent steps of Sports Vision Limited in eccentric sportive activities such as Adventure Sports, Sports Tourism and so on in his speech.

Fecruary 13, 2012
Monetary Policy of Bangladesh Bank and Macro Economic Issues, AB Bank Perspective



AB Bank Limited arranged a day long discussion session on "Monetary Policy of Bangladesh Bank and Macro Economic Issues, AB Bank Perspective".

On 4th February, 2012 AB Bank Limited arranged a day long workshop on "Monetary Policy of Bangladesh Bank and Macro Economic Issues, AB Bank Perspective". Dr. Hassan Zaman, Senior Economic Advisor to the Governor of Bangladesh Bank was the keynote speaker of the said workshop. Mr. Shameem A. Raihanuddin, CEO, Eshna Management Services conducted the discussion session. Mr. M. Wahidul Haque, Chairman, AB Bank Limited; Mr. B. B. Saha Roy, Director, AB Bank Limited and Mr. M. Fazlur Rahman, Acting President & Managing Director of AB Bank Limited were also present at the workshop. Besides, more than 90 officers including Senior Executives, Regional Managers from Dhaka, Chittagong, Rajshahi, Khulna and Sylhet of the Bank participated in the workshop.

Fecruary 13, 2012
AB Bank celebrates 200 VISA ATMs



AB Bank Limited, with a vision to expand its alternate delivery channel introduced its 200th ATM today at Banani, Dhaka . The ATM was inaugurated by world renowned Cricketer Chris Gayle along with Md. Mesbahul Hoque, Director of AB Bank Limited, Badrul H. Khan, DMD (Credit) and Ahsan Afzal, DMD (Business and Commercial) of AB Bank Limited. Shahnawaj Chowdhury, Head of Cashlink Bangladesh Limited was also present at the inauguration ceremony. The ATMs operate under the Cashlink network.

All Visa cardholders local or international will be able to avail 24 hour cash withdrawal facility from these 200 ATMs. AB Bank plans to establish ATM network throughout the country in the near future.

AB Bank has plans to install more ATMs, POS terminals and electronic banking solutions to offer its customers.

Fecruary 01, 2012
Listing of "AB Bank 1st Mutual Fund"



Listing of AB Bank 1st Mutual Fund
was inaugurated on Dhaka Stock Exchange at a simple ceremony. AB Bank is a Sponsor of the "AB Bank 1st Mutual Fund".

Trading of "AB Bank 1st Mutual Fund" started under 'A' category. DSE Trading Code for "AB Bank 1st Mutual Fund" is "ABB1STMF" and DSE company code # 12189. The Net Asset Value (NAV) of "AB Bank 1st Mutual Fund" is Tk. 10.30 per unit on the basis of current market price and Tk. 10.31 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,544,896,246.11 on the basis of current market price and Tk. 1,545,964,034.92 on the basis of cost price after considering all assets and liabilities of the Fund as on January 25, 2012.

President & Managing Director (Acting) Mr. M. Fazlur Rahman, Deputy Managing Director Mr. B. H. Khan, Senior Executive Vice President Mr. Moshiur Rahman Chowdhury of AB Bank Limited, Chief Executive Officer Mr. Hasan Imam and Chief of Operations Mr. Shariful Islam of RACE Management PCL along with Chief Executive Officer Dr. Musharraf M. Hussain, General Manager (admin) & Secretary Mr. Shaikh Mohammadullah, Chief Financial Officer Mr. Shuvra Kanti Choudhury and Manager, Listing Affairs Mr. Md. Shafiqul Islam Bhuiyan of Dhaka Stock Exchange Limited were present on the occasion.