Bangladesh Association of Banks is an industry trade body of private banks in Bangladesh that represents the interests of the banking industry. Nazrul Islam Mazumder, the chairperson of Exim Bank, is the Chairman of the Bangladesh Association of Banks.
Bangladesh Association of Banks’ vision is to guide its member banks to inject dynamism and innovative banking practices in Bangladesh, ensuring competitiveness that is at par with global practices. Our challenge for this millennium is to bring forth new ideas in banking, create new strategies for member banks to develop transparency, and initiate concerted efforts for coordinated growth of the banking sector.
BAB is determined to work in close proximity and guidance of Bangladesh Bank and play a pioneering role in strengthening the banking sector. The Association offers to implement the present-day concepts of corporate culture in the banking institutions and automated banking through online and internet-based banking. The Association was formed with the main objective of taking a common approach to solving the problems faced by the banking sector.
Keeping this objective in view the Executive Committee of the Association reviews the important issues affecting the banking sector. The members of the Executive Committee, both collectively and individually, take up the issues with the Ministry of Finance, the Governor, Bangladesh Bank, International Agencies like the World Bank, the IMF, etc., and other appropriate authorities for making realistic solutions in order to tide over the difficulties faced by the banking sector. In short, the Association ensures stability and sound growth whilst enhancing the value of shareholders’ investments.
Bangladesh Association of Banks (BAB) is an advisory service organization for the private sector commercial Banks. It has now emerged as an effective forum for exchanging views on problems being faced by the banking sector of Bangladesh and for formulating common policy guidelines for addressing such problems. Above all, BAB will become most caring, and focused on the equitable growth of the Banking sector by providing advisory services with policy guidelines to address any sort of problem and help the Banks to be gainfully profitable for contributing to the economy of the Country.
History of Bangladesh Association of Banks
Bangladesh Association of Banks was established in 1993 by nine private banks. The founding members were Al Baraka Bank Pakistan, AB Bank, The City Bank, IFIC Bank, National Bank Limited, United Commercial Bank Ltd, and Uttara Bank Limited. The first meeting was held on 12 December 1993 at the Hotel Sheraton (currently the InterContinental Dhaka). By 2018, membership had risen to 38 private banks. In 2020, the Bangladesh Association of Banks proposed to set up Mujib corners in the headquarters of all private banks in Bangladesh.