| |
 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:
- 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).
- 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).
- 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. |
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