Rupali Bank Limited In Bengali: রূপালী ব্যাংক) is a state-owned commercial bank in Bangladesh.
History of Rupali Bank Limited
Rupali-Bank Limited was constituted with the merger of 3 erstwhile commercial banks i.e. Muslim Commercial Bank Limited, Australasia Bank Limited, and Standard Bank Limited which operated in the then East Pakistan on March 26, 1972, under the Bangladesh Banks (Nationalization) Order 1972. Rupali-Bank worked as a nationalized commercial bank till December 13, 1986. When the Bank went public but the majority of the shares are still retained by the Government.
Rupali-Bank Ltd. emerged as the largest Public Limited Banking Company in the country on December 14, 1986.
Bank At a Glance:
Rupali Bank Ltd. was constituted with the merger of 3 (three) erstwhile commercial banks i.e. Muslim Commercial Bank Ltd., Australasia Bank Ltd. and Standard Bank Ltd. operated in the then Pakistan on March 26, 1972 under the Bangladesh Banks (Nationalization) Order 1972 (P.O. No. 26 of 1972), with all their assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations. Rupali Bank worked as a nationalized commercial bank till December13, 1986. Rupali Bank Ltd. emerged as the largest Public Limited Banking Company of the country on December 14, 1986.
Present Capital Structure ::
Authorized Capital : Tk. 7000 million (US$ 88.66 million)
Paid up Capital : Tk. 2760.39 million (US$ 35.39 million)
Break up of paid up Capital ::
Government shareholding : 90.19%
Private shareholding : 09.81 %
Present Share Structure ::
Total Number of share (Each TK 10) : 276038812
Share Demated by shareholders as on 25.07.2016 : 275452502
Financial Statement ::
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Number of Branches :: 586
Rupali Bank operates through 586 branches. It is linked to its foreign correspondents all over the world.
Number of Employees ::
The total number of employees is 7052.
Chief Executive ::
The Bank is headed by the Managing Director & CEO who is a reputed professional Banker.