| Jamuna Bank Limited | |
| Type: | Public Limited Company |
| Founded: | in Dhaka, Bangladesh |
| Hq Location City: | Dhaka |
| Hq Location Country: | Bangladesh |
| Areas Served: | --> |
| Industry: | Banking |
| Profit Year: | --> |
Jamuna Bank PLC is a commercial bank in Bangladesh registered under the Companies Act 1994. Jamuna Bank had 132 branches as of March 2019 .[1] Its head office is located at Plot No. 14, Bir Uttam A. K. Khandaker Road,Block# C, Gulshan-1, Dhaka, Bangladesh. Jamuna Bank Ltd is a 3rd generation private commercial bank, was established by a group of local entrepreneurs. The bank, aside from conventional, also provides Islamic banking through designated branches. The Bank has real-time online banking branches (of both urban and rural areas) network to provide online banking.
Jamuna Bank was established on 3 June 2001.[2] M. A. Khayer was the founding chairman of Jamuna Bank,[3] Sakhawat Abu Khair Mohammad was elected chairman in April 2009,[4] Md Belal Hossain was elected chairman in April 2011,[5] Md Mahmudul Hoque was elected chairman in May 2012.[6]
Borak Real Estate sued the former chairman Arifur Rahman on a 150 million BDT cheque forgery case in 2012.[7] In January 2016, Rahman was sentenced to one year imprisonment which was upheld by the Bangladesh High Court in 2017.
In April 2013, the Anti-Corruption Commission interrogated officials of Jamuna Bank over the loan scams of Bismillah Group.[8] The group had used forgery to secure 11 billion BDT from Jamuna Bank, Janata Bank, Premier Bank, Prime Bank, and Shahjalal Islami Bank Limited.
In August 2014, Bangladesh Supreme Court asked Mozammel Hossain to surrender before lower court over two money laundering cases from 12 filed over Bismillah Group loan scam.[9] Shaheen Mahmud was elected chairman of Jamuna Bank.[10]
Md Sirajul Islam Varosha was elected chairman of Jamuna Bank in April 2015 and had previously served as vice-chairman of the bank from 2007 to 2008.[11] In May 2015, Bangladesh Anti Corruption Commission filed cases against Mohammad Yusuf Hossain(Managing Director of Raihan Packaging Industries Limited), Md Belal Hossain (Jamuna Bank Shantinagar branch former executive vice president and current principal at Jamuna Bank Training Institute), AKM Shah Alam (assistant vice president) and Biplab Kumar Chakrabarty (former first assistant vice president and currently assistant vice president at Jamuna Bank head office). They were charged with embezzling money worth Tk 80 million.[12]
Shafiqul Alam was re-appointed managing director of Jamuna Bank in January 2016.[13] Gazi Golam Murtoza was elected chairman of Jamuna Bank in May 2016.[14]
Md Ismail Hossain Siraji was elected chairman of Jamuna Bank in May 2017.[15]
In January, Bangladesh High Court summoned the managing director of Jamuna Bank, Shafiqul Alam, for failing to return money to a client despite the client getting a verdict from the court in his favor in 2017.[16] This eventually led to the High Court issuing a contempt of court verdict against bank officials, governor of Bangladesh Bank, and the Finance Secretary of Bangladesh.[17] A security guard was found dead inside an ATM booth of Jamuna Bank in Baridhara.[18] Md Atiqur Rahman was elected chairman of Jamuna Bank in April 2019.[19] Mirza Elias Uddin Ahmed was appointed managing director of Jamuna Bank in October.[20]
In 2020 Jamuna Bank has turned into a full-fledged Shariah-based bank.[21] Anti-Corruption Commission arrested three banks of Jamuna Bank for embezzling 158.6 million BDT in December in Bogura.[22] Fazlur Rahman was elected chairman of Jamuna Bank in May 2020.[23]
In May 2021, Gazi Golam Ashria, son of Golam Dastagir Gazi, was appointed chairman of Jamuna Bank.[24]
Shakib Al Hasan sued Jamuna Bank for using his image without licensing.[25] In April, Nur Mohammed was elected chairman of Jamuna Bank.[26] In July Jamuna Bank announced plans to issue five billion BDT in bonds.[27] In November 2022, an inspection by Bangladesh Bank found seven fake notes in the vault of Jamuna Bank's branch in Bogura District.[28] It received permission from Bangladesh Bank to establish an exchange house in Spain.[29]
Jamuna Bank donated 15 million taka to the Prime Minister Sheikh Hasina's relief fund for victims of election related violence in Bangladesh.[30]