Pubali Bank deposits up 90-fold in four decades
Pubali Bank had deposits amounting to Tk 54,994 crore and current capital of approximately Tk 4,322 crore as of June this year.
When it had begun its journey as a privatised bank less than four decades ago, its deposits stood at Tk 614 crore, as per a board meeting of the lender at its head office in Dhaka recently.
Pubali Bank is operating at home and abroad with 501 branches, 170 sub-branches, 17 Islamic banking windows and a workforce of around 9,000 employees.
"This achievement reflects our commitment to good governance and our unwavering pursuit of growth," said Monzurur Rahman, the bank's chairman, while presiding over the meeting.
"We dedicate this occasion to our customers and reaffirm our dedication to contributing to Bangladesh's prosperity," he said in a press release of the commercial bank.
"Today's 1,400th board meeting demonstrates Pubali Bank's dedication to excellence and innovation. Our experience, values and ethics motivate us to take decisions that are in the best interests of our customers," said Mohammad Ali, managing director and CEO.
Hafiz Ahmed Mazumder, former chairman of the bank, Fahim Ahmed Faruk Chowdhury, Azizur Rahman, Md Abdur Razzak Mondal and Arif Ahmed Choudhury, directors, and Shahdeen Malik and Mohammad Naushad Ali Chowdhury, independent directors, were present.