Dutch Bangla Bank | banks in bangladesh

Dutch Bangla Bank Limited (DBBL) is a bank in Bangladesh. DBBL is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed (Founder & Chairman) and a Dutch company FMO. DBBL was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh. DBBL commenced formal operation on June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.

The bank is often colloquially referred to as “DBBL”, “Dutch Bangla” and “Dutch Bangla Bank”. (DBB. Limited )

Dutch Bangla Bank

Dutch-Bangla Bank started operation as Bangladesh’s first joint venture bank. The bank was an effort by local shareholders spearheaded by M Sahabuddin Ahmed (founder chairman) and the Dutch company FMO.

From the onset, the focus of the bank has been financing high-growth manufacturing industries in Bangladesh. The rationale is that the manufacturing sector exports Bangladeshi products worldwide. Thereby financing and concentrating on this sector allows Bangladesh to achieve the desired growth. Dutch Bangla Bank’s other focus is Corporate Social Responsibility (CSR). Even though CSR is now a cliche, Dutch-Bangla Bank is the pioneer in this sector and termed the contribution simply as ‘social responsiblity’. Due to its investment in this sector, Dutch-Bangla Bank has become one of the largest donors and the largest bank donor in Bangladesh. The bank has won numerous international awards because of its unique approach as a socially conscious bank.

Dutch Bangla Bank

Dutch-Bangla Bank was the first bank in Bangladesh to be fully automated. The Electronic-Banking Division was established in 2002 to undertake rapid automation and bring modern banking services into this field. Full automation was completed in 2003 and hereby introduced plastic money to the Bangladeshi masses. Dutch Bangla Bank also operates the nation’s largest ATM fleet and in the process drastically cut consumer costs and fees by 80%. Moreover, Dutch Bangla Bank choosing the low profitability route for this sector has surprised many critics.

Dutch Bangla Bank had pursued mass automation in Banking as a CSR activity and never intended profitability from this sector. As a result, it now provides unrivaled banking technology offerings to all its customers. Because of this mindset, most local banks have joined the Dutch Bangla Bank banking infrastructure instead of pursuing their own.

Even with a history of hefty technological investments and even larger donations, consumer and investor confidence has never waned. Dutch-Bangla Bank stock set the record for the highest share price on the Dhaka Stock Exchange in 2008.

Dutch Bangla Bank

( Dutch Bangla Bank ) ATM network/DBBL Nexus participating banks

DBBL maintains its network and automation. DBBL has over 4,930 ATMs installed all over Bangladesh, making it the largest network in Bangladesh. On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong.

Internet payment for Dutch Bangla Bank 

On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers’ Visa, Masters, DBBL Nexus, and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants. Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.

Social work of Dutch Bangla Bank 

Dutch Bangla Bank supports social work and is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs and medical and educational fields.

Dutch Bangla Bank

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