Pubali Bank
Encyclopedia
Pubali Bank is a private commercial bank in Bangladesh
. It has more branches than any other private bank in the country.
as Eastern Mercantile Bank Limited in 1959, under the Bank Companies Act of 1913. Bangladesh became independent in 1972 Eastern Mercantile Bank Limited was nationalized and renamed as Pubali Bank. The bank was denationalized in 1983, and was renamed as Pubali Bank Limited. The People's Republic of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then Pubali Bank Limited has been involved in Commercial Banking services as the largest bank in the private sector of Bangladesh
having 400 branches.. Mr. Hafiz Majumder is the present Chairman of Pubali Bank.
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
. It has more branches than any other private bank in the country.
History
Pubali Bank Limited was initially established in East PakistanEast Pakistan
East Pakistan was a provincial state of Pakistan established in 14 August 1947. The provincial state existed until its declaration of independence on 26 March 1971 as the independent nation of Bangladesh. Pakistan recognized the new nation on 16 December 1971. East Pakistan was created from Bengal...
as Eastern Mercantile Bank Limited in 1959, under the Bank Companies Act of 1913. Bangladesh became independent in 1972 Eastern Mercantile Bank Limited was nationalized and renamed as Pubali Bank. The bank was denationalized in 1983, and was renamed as Pubali Bank Limited. The People's Republic of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then Pubali Bank Limited has been involved in Commercial Banking services as the largest bank in the private sector of Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
having 400 branches.. Mr. Hafiz Majumder is the present Chairman of Pubali Bank.