Dutch Bangla Bank

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Dutch Bangla Bank Limited
Type	Private (Non-Government), DSE DUTCHBANGL
Founded	Dhaka, Bangladesh (1995)
Headquarters	Dhaka, Bangladesh
Key people	M Sahabuddin Ahmed, Founder & Chairman, FMO
Industry	Banking
Products	Banking services
Employees	1600
Website	[1]

Dutch-Bangla Bank Limited (the Bank, DBBL) is a scheduled joint venture commercial bank. DBBL was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.

DBBL commenced formal operation from June 3, 1996. The head office of the Bank is located at Senakalyan Bhaban (4th floor),195, Motijheel C/A, Dhaka, Bangladesh. The Bank commenced its banking business with one branch on 4 July 1996.

[edit] Banking

Dutch Bangla Bank is the only local bank in Bangladesh to have an automated banking system. This automation took place in 2003 whereby services of the bank were available uniformly though any branch, ATM and internet. Currently the bank is ranked #1 in the CAMEL ratings.

In several respects DBBL has set trends in the Bengali banking market. The private banking sector in Bangladesh has developed strongly in the last few years. The model, the working methods and the management of DBBL have served as an example for other institutions, such as prohibiting its shareholders from holding accounts or entering into loans with DBBL itself. FMO's guidelines in the areas of operations and corporate governance are employed to a large extent as general guidelines by DBBL

Dutch Bangla Bank recently has ventured into the realm of personal credit.

[edit] Social Work

Dutch Bangla Bank supports social work extensively and is one of the largest private donors in Bangladesh. It contributes extensively through its foundation Dutch Bangla Bank Foundation. This has been one of the biggest priority for the bank since its inception. As a result the organization has been granted numerous national and international awards for its role in the development of Bangladesh.

DBBL has introduced new forms of financial services in Bangladesh. Such as the bank's provision of loans to several hundred couriers, rickshaw drivers (bicycle taxis) and small shopkeepers, thanks to a contribution from the Small-Scale Enterprise Fund. Investment credits for local exporting companies in American dollars are another new activity, particularly beneficial for local textile and bicycle businesses. These investments provide a stimulus for the economic growth of the local private sector.

The bank donates mainly towards social awareness programs, medical and educational fields. DBBL also maintains the largest scholarship program in Bangladesh whereby college/university education tuition and expenses are fully paid for unconditionally by the bank.

[edit] References

1. Dutch Bangla Bank official site.
2. "127 students get DBBL scholarships", The Daily Star.
3. "Dutch-Bangla Bank support to HIV positives", The Daily Star.
4. "Dutch Bangla Bank grants scholarhips", The Daily Star.
5. "Tk 31 lakh Dutch-Bangla aid for acid, dowry victims", The Daily Star.
6. "Dutch-Bangla Bank distributes blankets", The Daily Star.
7. "Tk 4 crore Dutch-Bangla donation for Cancer Hospital", The Daily Star.
8. "Dutch-Bangla Bank stands by acid victims, divorcees", The Daily Star.
9. "Dutch-Bangla Bank distributes blankets", The Daily Star.