Agrani Bank Limited (ABL) In Bengali: অগ্রণী ব্যাংক, is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh.
History of agrani Bank
agrani-Bank Limited was established on 26 March 1972 by combining two abandoned Pakistani banks, Commerce Bank and Habib Bank. The Government of Bangladesh fully owns the bank. agrani-Bank is governed by a board of directors consisting of 12 members headed by a chairman.
As of 2009, the bank has 11 Circle offices, 34 Divisions in head office, 62 zonal offices, and 941 branches including 27 corporate and 40 AD (authorized dealer) branches. It has been corporatized on 15 November 2007 and emerged as agrani-Bank Limited (ABL) taking over the assets, liability, and goodwill of Agrani Bank. The authorized capital of the Bank was Tk 8 billion. They are also the owners of the football club Agrani-Bank Ltd and Agrani-Bank Cricket Club.
Controversy against Agrani Bank
In June 2016, Syed Abdul Hamid, the managing director of Agran- Bank was removed by Bangladesh Bank for providing 7.92 billion taka worth of loans against rules. Deputy Managing Director Mizanur Rahman Khan was arrested by Anti Corruption Commission of Bangladesh. Following these removals, Mohammad Shams-Ul Islam was appointed the new managing director in August 2016.
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