The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh.[3][4] Dr. H. B. M. Iqbal is the Chairman[5] and Shafiqur Rahman is one of the founders and director of this Bank.[6] M. Reazul Karim, FCMA is the current managing director & CEO.[7]
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| Company type | Public Limited Company |
|---|---|
| Industry | Banking |
| Founded | 1999 |
| Headquarters | 42 Kemal Ataturk Avenue, Banani, , Bangladesh |
Number of locations | 118 Branches, 10 Sub-Branches, 186 Agent Outlets |
Area served | Bangladesh |
Key people |
|
| Services | Retail banking, corporate banking, credit cards |
| Revenue |  ৳12,951.78 million (2019)[2] |
| ৳7,317.46 million (2019)[2] | |
| Total assets | ৳261,900,49 million (2019)[2] |
Number of employees | 1,947 (2019)[2] |
| Subsidiaries | Premier Bank Securities Limited [2] |
| Website | www |
History
The Premier Bank Limited was incorporated on 10 June 1999.[3][8] Bangladesh Premier league sold its tickets in 2013 from branches of the bank.[9]
In June 2005, Bangladesh Bank fined Premier Bank Limited for failing to comply with Know Your Client (KYC) requirements.[10] Bangladesh Securities and Exchange Commission sued HBM Iqbal for using fake accounts in the stock market.[11] Bangladesh Bank carried out its investigation of the accounts.[12]
Khondker Fazle Rashid was appointed managing director of Premier Bank in October 2007.[13]
In February 2008, M Shah Alam Sarwar was appointed managing director of Premier Bank.[14]
In 2013, Bangladesh Bank launched an investigation into an allegations against Bank's then vice chairman Bazlul Haque Haroon.[15] A client of the bank, Khalilur Rahman, claimed that bank's then vice chairman BH Haroon, stole Tk 134 crore from his account in 2008 in collusion with some bank officials. Khalilur, got a Tk 203 crore work order for building 15,000 houses in Sidr affected areas in southern Bangladesh in June 2008. The project was funded by the Saudi government. Khalilur opened an account with Bangshal branch of Premier Bank to make transactions for the project. He received Tk 203.06 crore from the Saudi government through seven cheques. Khalilur withdrew Tk 69.11 crore from the account, and kept the remaining Tk 133.95 crore deposited in his account.[16] After primary investigation, The Anti-Corruption Commission has found evidence of embezzlement of Tk 62 crore from the account of a client of Premier Bank's Bangshal branch.[17] Premier Bank sued nine bank officials accusing them of embezzling about 593.4 million BDT from bank along with Bismillah Towels Group.
In 2014 the Bank was fined 2 million Bangladesh taka for money laundering along with seven other banks.[18]
In 2016, money 4 million taka was stolen from ATMs of the bank using cloned Saudi Arabian credit cards.[19]
National Board of Revenue moved to freeze the accounts of Premier Bank in November 2017 over allegations of tax embezzlement.[20]
The Anti-Corruption Commission summoned Bazlul Haque Haroon in 2018, director of Premier Bank, over the 2013 Bangladesh Bank investigation.[21]
In December 2022, Premier Bank announced plans to raise six billion BDT through the sale of bonds.[22]
Premier Bank announced a 10.24 billion year profit in January 2023.[23] Premier Bank donated 40 million BDT to Prime Minister Sheikh Hasina's Ashrayan-2 project.[24]
Board of directors
| Name | Designation | Reference |
|---|---|---|
| H. B. M. Iqbal | Chairman | [25] |
| Moin Iqbal | Vice-Chairman | [25] |
| B. H. Haroon | Director | [25] |
| Abdus Salam Murshedy | Director | [25] |
| Mohammad Imran Iqbal | Director | [25] |
| Shafiqur Rahman | Director | [25] |
| Jamal G Ahmed | Director | [25] |
| Nahyan Haroon | Director | [25] |
| Shaila Shelley Khan | Director | [25] |
| Yeh Cheng Min | Director | [25] |
| Naba Gopal Banik | Independent Director | [25] |
| Kaiser Ahmed Chowdhury | Independent Director | [25] |
| M. Reazul Karim | Chief Executive Officer and Managing Director | [25] |
References
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