Bangladesh Association of Banks explained

Bangladesh Association of Banks
Formation:1993
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali
Website:Bangladesh Association of Banks

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, chairperson of Exim Bank, is the Chairman of the Bangladesh Association of Banks.[1] [2]

History

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 38 private banks.[3] In 2020, Bangladesh Association of Banks proposed to set up Mujib corners in the headquarters of all private banks of Bangladesh.[4]

Notes and References

  1. News: Bangladesh Association of Banks (BAB) Chairman Nazrul Islam Mazumder . 29 March 2020 . The Daily Observer.
  2. News: Nazrul re-elected BAB chairman . 29 March 2020 . Daily Sun . en.
  3. News: Directed Interest Rate Reduction: Will it be counterproductive? . The Daily Star . Opinion . 29 March 2020 . en . 4 July 2018.
  4. News: Central bank to release Tk 200 bank note . 29 March 2020 . bangladeshpost.net . en.