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Pubali Bank |
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Pubali Bank |
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Pubali Bank Limited, is the
largest Commercial Bank in Private Sector in Bangladesh. It provides mass
banking services to the customers through its branch network all over the
country. This Bank has been playing a vital role in socio-economic,
industrial and agricultural development as well as in the overall economic
development of the country since its inception through savings mobilization
and investment of funds.
The Bank was initially
emerged in the Banking scenario of the then East Pakistan as Eastern
Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in
the year 1959 under Bank Companies Act 1913 . After independence of
Bangladesh in 1972 this Bank was nationalized as per policy of the
Government and renamed as Pubali Bank. Subsequently due to changed
circumstances this Bank was denationalized in the year 1983 as a private
bank and renamed as Pubali Bank Limited.
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The bank has focused to bring services at the doorstep of its customers, and
to bring millions into banking channels those who are outside the mainstream
banking arena. Besides commercial banking, which includes
deposit taking, the provision of cheque services and lending, Pubali Bank may
also carry on any other business which is regulated or authorized by
Bangladesh Bank, including financial advisory services, trade finance, short
term investing and short-term foreign exchange. |
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Pubali Bank
Category : Local Private Commercial Bank
SWIFT Code : PUBABDDH
Address :
26, Dilkusha Commercial Area
Dhaka 1000
Bangladesh
Telephone : +880 2 955 1614
Facsimile : +880 2 956 4009
Website : www.pubalibangla.com |
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The Government of the
People's Republic of Bangladesh handed over all assets and liabilities of
the then Pubali Bank to the Pubali Bank Limited. Since then Pubali Bank
Limited has been rendering all sorts of Commercial Banking services as the
largest bank in private sector through its branch network all over the
country. Pubali Bank commits to nation to take a lead in the Banking sector
through not only its strong financial position, but also through innovation
of products and services. It also ensures creating higher value for its
respected customers and shareholders.
Bangladesh
Bank, as the central bank, has legal authority to supervise and regulate
all banks and non-bank financial institutions. Bank Company Act, 1991,
empowers
Bangladesh Bank to issue licenses to carry out banking business in
Bangladesh. Given some broad policy goals and objectives, it formulates and
implements monetary policy, manages foreign exchange reserves and lays down
prudential regulations and conduct monitoring thereof as they apply to the
entire banking system. The
Bangladesh
Bank has the power to impose penalties for non-compliance and also to
intervene in the management of a bank if serious problem arise. It also has
the delegated authority of issuing policy directives regarding the foreign
exchange regime. |
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