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Dutch-Bangla Bank

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Dutch-Bangla Bank PLC. (Bengali: ডাচ্-বাংলা ব্যাংক পিএলসি.), one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Dutch financial company FMO.[2][3]

Dutch-Bangla Bank PLC.
ডাচ বাংলা ব্যাংক পিএলসি
Company typePublic Limited Company
DSE: DUTCHBANGL
Industry
Founded1996; 28 years ago (1996)
HeadquartersMotijheel, Dhaka, Bangladesh
Number of locations
241 branches
Area served
Bangladesh
Key people
Ms. Sadia Rayen Ahmed (Chairman)
ProductsRetail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking
Increase ৳14.536 billion (US$120 million) (2023)
Increase ৳8.017 billion (US$67 million) (2023)
Total assetsIncrease ৳593.883 billion (US$5.0 billion) (2023)
Number of employees
8060 (2023)
Websitedutchbanglabank.com
Footnotes / references
[1]

History

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Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996.[4] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh.[4][5] DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.[6]

In November 2007, Md Yeasin Ali was reappointed managing director of Dutch-Bangla Bank Limited.[7]


Robbers in Gazipur stole 12 million BDT from an ATM of Dutch-Bangla Bank.[8] Abul Kashem Md Shirin was appointed managing director of Dutch-Bangla Bank replacing KS Tabrez in November 2016.[9]

In June 2019, a group of foreign hackers stole 1.6 million BDT from ATMs of Dutch-Bangla Bank in Dhaka.[10] In June, it emerged that the bank lost 3 million USD to cyberattacks which also targeted NCC Bank Limited, and Prime Bank Limited.[11] In July, Abedur Rashid Khan, a director of Dutch-Bangla Bank Limited, transferred his shares of bank to Horizon Associates.[12] The Netherlands Development Finance Company sold their entire stake in Dutch-Bangla Bank in November 2019.[5]

Detective Branch arrested four people, including an IT personnel of Dutch-Bangla Bank Limited, for embezzling 25.7 million BDT from the bank in June 2021.[13][14]

In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market.[15]

In March 2023, 112.5 million BDT from a transport van of the bank in Uttara Model Town.[16][17] An agent banker of Dutch-Bangla disappeared from Kishoreganj District with 200 million BDT in clients money.[18]

ATM network/DBBL Nexus participating banks

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A DBBL Nexus ATM booth.

DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it the largest network in Bangladesh.[19][20] On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong.[21]

Internet payment

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On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants.[22] Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.[23]

Social work

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Dutch Bangla Bank supports social work and is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs, medical and educational fields.[24][25][26][27]

References

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  1. ^ "Annual Report 2018" (PDF). Dutch-Bangla Bank Limited. 31 December 2018.
  2. ^ Parvez, Sohel (July 26, 2015). "Aromatic rice exporters may get more time". The Daily Star. Retrieved June 26, 2024.
  3. ^ "Customer Satisfaction of DBBL (Dutch-Bangla Bank Ltd.)". Assignment Point. June 3, 1996. Retrieved June 26, 2024.
  4. ^ a b "Winners of Bangladesh Business Awards 2006". The Daily Star. Retrieved 2023-03-30.
  5. ^ a b "Dutch investor sells entire stake in DBBL". The Daily Star. 2019-11-03. Retrieved 2023-03-30.
  6. ^ Mazid, Muhammad Abdul (2012). "Dutch-Bangla Bank Limited". In Islam, Sirajul; Jamal, Ahmed A. (eds.). Banglapedia: National Encyclopedia of Bangladesh (Second ed.). Asiatic Society of Bangladesh.
  7. ^ "DBBL MD reappointed". The Daily Star. Retrieved 2023-03-30.
  8. ^ "Tk 1.2cr looted from DBBL ATM booth in Gazipur". The Daily Star. 2016-03-03. Retrieved 2023-03-30.
  9. ^ "Shirin new CEO of Dutch-Bangla Bank". The Daily Star. 2016-11-02. Retrieved 2023-03-30.
  10. ^ "9 DBBL ATMs victims of int'l fraud gang". The Daily Star. 2019-06-11. Retrieved 2023-03-30.
  11. ^ Rahman, Sajjadur (2019-06-22). "Three banks hit by cyberattacks". The Daily Star. Retrieved 2023-03-30.
  12. ^ "DBBL sponsor transfers his entire shares". The Daily Star. 2019-07-29. Retrieved 2023-03-30.
  13. ^ "Tk 2.57cr embezzled from DBBL; IT officer who led racket fled country". The Daily Star. 2021-06-16. Retrieved 2023-03-30.
  14. ^ "4 arrested for siphoning Tk 2.57cr through bank's ATM". The Daily Star. 2021-06-17. Retrieved 2023-03-30.
  15. ^ Uddin, AKM Zamir (2022-09-27). "9 banks hold over 60% of excess liquidity". The Daily Star. Retrieved 2023-03-30.
  16. ^ "Tk11.25cr looted from DBBL armoured car". Risingbd.com. Retrieved 2023-03-30.
  17. ^ "Police retrieve part of Tk 112m Dutch Bangla Bank funds robbed from van in Uttara". bdnews24.com. Retrieved 2023-03-30.
  18. ^ "DBBL agent disappears with Tk 200m from clients in Kishoreganj". Prothom Alo. Retrieved 2023-03-30.
  19. ^ "DBBL branches to reach 79, ATMs 850 by yr-end". Financial Express. Archived from the original on 2011-04-21. Retrieved 2 September 2009.
  20. ^ "Bilbet বাংলাদেশ: ডিপোজিট ও উত্তোলন পদ্ধতি 2022" (in Bengali). 2022-09-27. Retrieved 2022-11-30.
  21. ^ "DBBL's ATM taps 1000". Dhaka Mirror. 2016-08-05.
  22. ^ "DBBL Introduced Internet Payments in Bangladesh". The HungryCoder. 2010-06-08. Retrieved 2016-05-09.
  23. ^ "DBBL Introduced Nexus Pay Application". DBBL Nexus Pay. 2019-01-01. Retrieved 2019-10-16.
  24. ^ "Tk 31 lakh Dutch-Bangla aid for acid, dowry victims". The Daily Star. Retrieved 2016-05-09.
  25. ^ "Dutch-Bangla Bank distributes blankets". The Daily Star. Retrieved 2016-05-09.
  26. ^ "Tk 4 crore Dutch-Bangla donation for Cancer Hospital". The Daily Star. Retrieved 2016-05-09.
  27. ^ "Dutch-Bangla Bank stands by acid victims, divorcees". The Daily Star. Retrieved 2016-05-09.
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