Premier Bank Limited

Bangladeshi commercial bank

The Premier Bank LimitedType| Public Limited Company

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Traded as

* DSE: PREMIERBAN

Industry| Banking
Founded| 1999
Headquarters| 42 Kemal Ataturk Avenue, Banani,

Dhaka

Bangladesh

Number of locations

| 118 Branches, 10 Sub-Branches, 186 Agent Outlets

Area served

| Bangladesh

Key people

* HBM Iqbal (Chairman)
* Shafiqur Rahman (Founder & Director) M. Reazul Karim, (MD & CEO)

[1]
Services| Retail banking, corporate banking, credit cards
Revenue|  ৳12,951.78 million (2019)[2]

Operating income

|  ৳7,317.46 million (2019)[2]
Total assets|  ৳261,900,49 million (2019)[2]

Number of employees

|  1,947 (2019)[2]
Subsidiaries| Premier Bank Securities Limited [2]
Website| www.premierbankltd.com

The Premier Bank Limited (PBL) is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh.[3][4] Dr. H. B. M. Iqbal is the Chairman[5] and Shafiqur Rahman is one of the founder & Director of this Bank.[6] M. Reazul Karim, FCMA is the current Managing Director & CEO.[7]

Agrabad Corporate Branch, Chittagong.

## History[edit]

The bank was incorporated on June 10, 1999.[3] Bangladesh Premier league sold its tickets in 2013 from branches of the bank.[8] In 2014 the Bank was fined 2 million Bangladesh taka for money laundering along with seven other banks.[9] In 2016, money 4 million taka was stolen from ATMs of the bank using cloned Saudi Arabian credit cards.[10]

Premier Bank Limited is operating all over Bangladesh with 119 branches, 123 agent banking outlets and 81 ATMs as of 31 December 2020. Premier Bank Limited offers card services which includes automated teller machine (ATM), debit and credit cards. Premier Bank Limited also offers various fund transfer services like core banking system, Bangladesh automated clearing house, real-time gross settlement, national payment switch Bangladesh, SWIFT, electronic funds transfer (electronic bill payment, mobile payment), cheque and EDS Money which is an electronic trading platform. Customer service facilities includes call centre and help desk are also available.

## Controversy[edit]

In 2013, Bangladesh Bank launched an investigation into an allegations against Bank's then vice chairman BH Haroon.[11] A client of the bank, Khalilur Rahman, claimed that bank's then vice chairman BH Haroon, stole Tk 134 crore from his account in 2008 in collusion with some bank officials. Khalilur, got a Tk 203 crore work order for building 15,000 houses in Sidr affected areas in southern Bangladesh in June 2008. The project was funded by the Saudi government. Khalilur opened an account with Bangshal branch of Premier Bank to make transactions for the project. He received Tk 203.06 crore from the Saudi government through seven cheques. Khalilur withdrew Tk 69.11 crore from the account, and kept the remaining Tk 133.95 crore deposited in his account.[12] After primary investigation, The Anti-Corruption Commission has found evidence of embezzlement of Tk 62 crore from the account of a client of Premier Bank's Bangshal branch.[13]

## References[edit]

* Banks portal

1. ^ "Management". Premier Bank.
2. ^ a b c d e "Annual Report 2019" (PDF). The Premier Bank Ltd. Retrieved 13 February 2021.
3. ^ a b Mazid, Muhammad Abdul. "Premier Bank Limited". Banglapedia. Retrieved 31 October 2016.
4. ^ "Premier Bank signs MoU with CPTU". The Financial Express. Dhaka. Retrieved 31 October 2016.
5. ^ "Chairman - Home". premierbankltd.com. Retrieved 2021-11-06.
6. ^ "Director's Profile - Home". premierbankltd.com. Retrieved 2021-11-06.
7. ^ "Reazul Karim, reappoints as MD & CEO of Premier Bank". The Business Standard. 2021-04-21. Retrieved 2021-11-06.
8. ^ "Premier Bank to sell BPL tickets". The Daily Star. 14 January 2013. Retrieved 31 October 2016.
9. ^ "Eight banks fined under money laundering act". bdnews24.com. Retrieved 31 October 2016.
10. ^ "Another ATM fraud". The Daily Star. 3 March 2016. Retrieved 31 October 2016.
11. ^ Report, Star Online (2018-04-03). "Premier Bank scam: ACC summons AL MP Haroon". The Daily Star. Retrieved 2021-11-07.
12. ^ "Allegation of cheque fraud of Tk134cr against MP Harun". Dhaka Tribune. 2017-05-20. Retrieved 2021-11-07.
13. ^ Rahman, Sajjadur (2014-07-04). "Tk 134 crore vanishes". The Daily Star. Retrieved 2021-11-07.

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List of banks in Bangladesh

Central bank|

* Bangladesh Bank

Commercial|

| State-owned|

* Agrani Bank
* Sonali Bank
* Rupali Bank
* Janata Bank
* Bangladesh Development Bank
* BASIC Bank Limited

|

Private|

* AB Bank
* Bangladesh Commerce Bank
* Bank Asia
* BRAC Bank
* Community Bank
* Dhaka Bank
* Dutch Bangla
* Eastern Bank
* Global Islami Bank
* IFIC Bank
* Jamuna Bank
* Meghna Bank
* Mercantile Bank
* Modhumoti Bank
* Mutual Trust Bank
* National Bank
* NCC Bank
* NRB Bank
* One Bank
* Padma Bank
* Premier Bank
* Prime Bank
* Pubali Bank
* Shimanto Bank
* South Bangla Agriculture and Commerce Bank
* Southeast Bank
* Standard Bank
* The City Bank
* Trust Bank
* United Commercial Bank
* Uttara Bank

Islamic|

* Al-Arafah Islami Bank Limited
* Export Import Bank of Bangladesh Limited
* First Security Islami Bank Limited
* Islami Bank Bangladesh Ltd
* Shahjalal Islami Bank Limited
* Social Islami Bank Limited
* Union Bank Limited

Foreign|

* Bank Alfalah
* Citibank
* Commercial Bank of Ceylon
* Habib Bank Limited
* HSBC
* National Bank of Pakistan
* Standard Chartered
* State Bank of India
* Woori Bank

Specialized|

* Bangladesh Krishi Bank
* Rajshahi Krishi Unnayan Bank
* Probashi Kallyan Bank

Non-scheduled|

* Grameen Bank
* Karmasangsthan Bank
* Ansar-VDP Unnayan Bank
* Jubilee Bank
* Palli Sanchay Bank

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