Wikipedia

Probashi Kallyan Bank

Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis.[1][2][3]

Probashi Kallyan Bank
Company typeGovernment
IndustryBanking
Founded2010; 14 years ago (2010) in Dhaka, Bangladesh
Headquarters
Dhaka
,
Bangladesh
Key people
Dr. Ahmed Munirus Salehin (Chairman) Md Mazibur Rahman (MD)
ProductsConsumer Banking
Corporate Banking
Investment Banking
Websitepkb.gov.bd

History

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The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Bangladeshis.[4] It had a start up capital of 1 billion taka. 95 percent of the capital came from Wage Earners' Welfare Fund and five percent from the government of Bangladesh.[5]

On 11 September 2016, Md Wahiduzzaman Khandaker was appointed Managing Director of Probashi Kallyan Bank.[6]

The bank has faced allegations of corruption and nepotism.[7] The bank also faced manpower shortages in 2020 harming daily operations of the bank.[8]

Expatriates' Welfare Minister Imran Ahmad is March 2021 announced plans to establish branches of the bank in every Upazlia in Bangladesh.[9] In August 2021, Probashi Kallyan Bank signed an agreement with NCC Bank to cooperate in remittance disbursement.[10]

Probashi Kallyan Bank established a currency exchange booth at the Hazrat Shahjalal International Airport in June 2022.[11] In September 2022, Md Mazibur Rahman was appointed Managing Director of Probashi Kallyan Bank.[12][13] The previous Managing Director of the Bank, Md Zahidul Haque, was appointed Managing Director of Rajshahi Krishi Unnayan Bank.[14]

References

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  1. ^ "Probashi Kallyan Bank will move to BB for soft loan to help overseas job seekers". The Financial Express. Dhaka. Archived from the original on 10 May 2017. Retrieved 2 October 2016.
  2. ^ "Central bank opposes plan for new specialised bank". Dhaka Tribune. Retrieved 2 October 2016.
  3. ^ "Make getting loans easy for overseas job-seekers: PM". The Business Standard. 7 February 2022. Retrieved 2 October 2022.
  4. ^ "Coming Back Home". The Daily Star. 30 January 2016. Retrieved 2 October 2016.
  5. ^ "International labour migration". The Daily Star. 5 February 2016. Retrieved 2 October 2016.
  6. ^ "New chief for Probashi Kallyan Bank". The Daily Star. 11 September 2016. Retrieved 2 October 2022.
  7. ^ "Nepotism widespread in Probashi Kallyan Bank". Dhaka Tribune. Retrieved 2 October 2016.
  8. ^ Mahmud, Jamil (21 November 2020). "Probashi Kallyan Bank: Crippled by manpower shortage". The Daily Star. Retrieved 2 October 2022.
  9. ^ "Plan to establish branches of Probashi Kallyan Bank in each upazila: Expatriates' welfare minister". The Daily Star. 24 March 2021. Retrieved 2 October 2022.
  10. ^ "Probashi Kallyan Bank signs deal with NCC Bank for remittance disbursement". The Daily Star. 16 August 2021. Retrieved 2 October 2022.
  11. ^ "Probashi Kallyan Bank sets up forex booth at Dhaka airport". The Daily Star. 11 June 2022. Retrieved 2 October 2022.
  12. ^ "Probashi Kallyan Bank gets new MD". The Daily Star. 8 September 2022. Retrieved 2 October 2022.
  13. ^ "Mazibur joins Probashi Kallyan Bank as MD". New Age. Retrieved 2 October 2022.
  14. ^ "Zahidul joins RAKUB as MD". New Age. Retrieved 2 October 2022.
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