May 29, 2016 4:35 AM ET

Banks

Company Overview of Bangladesh Development Bank Limited

Company Overview

Bangladesh Development Bank Limited, a development financial institution, provides financial and technical assistance to private and public sector industries, and partnership and proprietorship concerns. It offers long and medium term loans; working capital loans to industrial units; equity support services; and commercial banking services, such as deposit mobilization, forex business, letter of credit handling, and forex remittances, as well as issues guarantees on behalf of borrowers for repayment of loans. The company also provides industrial credit programmes, equity entrepreneurship fund programmes, share trading services, incentive programmes for loan recovery, rehabilitation programme...

8, Rajuk Avenue

Dhaka,  1000

Bangladesh

Founded in 1972

Phone:

880 2 955 6786

Fax:

880 2 956 2061

Key Executives for Bangladesh Development Bank Limited

Managing Director
Age: 61
Deputy Managing Director
General Manager of Human Resources and Administration Division
General Manager
Compensation as of Fiscal Year 2015.

Bangladesh Development Bank Limited Key Developments

Bangladesh Development Bank Privatization Plan

The government has decided to privatize Bangladesh Development Bank Limited amid deteriorating financial conditions. In October, 2015, Prime Minister Nawaz Sharif approved the proposal to initiate the privatization process. The PC Board is likely to give go ahead of initiating the privatization process, said the sources. They said the Commission may set a condition that only those parties can acquire that have experience with the financial sector and a successful track record for turning around a financial sector institution.

Bangladesh Development Bank Appoints Mohammad Jalaluddin as its Deputy Managing Director

Bangladesh Development Bank has announced the appointment of Mohammad Jalaluddin as its deputy managing director on March 1. Before his appointment in the BDB, Jalaluddin worked at Sonali Bank as its deputy managing director.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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