Exim Bank (Bangladesh) Overview and Operations

Exim Bank (Bangladesh) is a leading financial institution in the country, providing a wide range of services to its customers. It was established in 1995 as a joint venture between the government of Bangladesh and a private sector entity.

Exim Bank's primary objective is to promote exports and import of goods and services. This is reflected in its name, which stands for Export Import Bank of Bangladesh.

The bank has a strong presence in the country, with a network of branches and sub-branches across major cities and towns. Exim Bank's services include trade finance, remittances, and foreign exchange.

For more insights, see: Banks and Banking Services

The Exim Bank Foundation has been a driving force in supporting education in Bangladesh. It launched the EXIM Bank Scholarship Program in 2006.

This initiative has had a significant impact, with 61 poor meritorious students selected from various reputable educational institutions in Dhaka City in the program's first year.

As of 2013, the program had enrolled a total of 2100 students from around 350 reputed educational institutions across the country.

The Exim Bank Foundation's commitment to education is truly commendable, and its efforts have made a tangible difference in the lives of many students.

Exim Bank (Bangladesh) has its headquarters in Dhaka, the capital city of Bangladesh, and is located at Motijheel, the central business district of the city.

The bank has a total of 83 branches across the country, with a significant presence in major cities like Chittagong, Sylhet, and Khulna.

Exim Bank's operations are spread across Bangladesh, with a strong focus on serving the country's export-oriented businesses.

The bank's network of branches allows it to cater to the diverse financial needs of its customers across the country.

Exim Bank has a robust online banking system, enabling customers to manage their accounts and conduct transactions from the comfort of their own homes.

The bank's ATM network is also extensive, with over 200 ATMs located across the country, providing customers with easy access to their cash.

Exim Bank's commitment to providing excellent customer service has earned it a reputation as one of the leading banks in Bangladesh.

A different take: City Bank (Bangladesh)

The Board of Directors at Exim Bank (Bangladesh) is responsible for overseeing the bank's operations and making key decisions.

The board is composed of experienced individuals with diverse backgrounds, including Shariah Board Members and a Chairman.

Mohammad Nazrul Islam Swapan serves as the Chairman, bringing his expertise to the role.

The Shariah Board Members are responsible for ensuring that the bank's operations comply with Islamic principles.

Here is a list of the Shariah Board Members:

A. K. M. Nurul Fazal Bulbul is one of the Shariah Board Members, and at 65 years old, he brings a wealth of experience to the role.

The Bangladesh Bank recently made a significant move by dissolving the board of the Export Import Bank of Bangladesh, effectively ending the 16-year tenure of Nazrul Islam Mazumder as chairman.

Mazumder had been holding this position since 2007 and was a close ally of Salman F Rahman, the Private Industry and Investment adviser to the deposed prime minister Sheikh Hasina.

The central bank stated that the dissolution of the board was necessary to protect depositors' money and serve the public interest.

The new board includes former Bangladesh Bank executive director SM Rezaul Karim and chartered accountant Khandaker Mamun as independent directors.

Mazumder's wife, Nasreen Islam, was also removed from the board as part of this decision.

The central bank has now dissolved the boards of seven banks, including Islami Bank, Social Islami Bank, Global Islami Bank, Union Bank, National Bank, United Commercial Bank, and EXIM Bank.

This move comes after the Bangladesh Financial Intelligence Unit froze bank accounts of Nazrul Islam Mazumder and his wife Nasrin Islam on August 25.

The new board members are expected to bring a fresh perspective and help stabilize the banking sector.

Three shareholders have been appointed as directors, including Md Nazrul Islam Shopon, Md Nurul Amin, and Anjan Kumar Saha.

Suggestion: Global Islami Bank

The Board of Directors composition of the Export Import Bank of Bangladesh PLC is a diverse group of individuals with various roles and ages. Mohammad Nazrul Islam Swapan serves as the Chairman.

The Board consists of several Directors/Board Members, including Mohammad Nurul Amin and Anjan Kumar Saha, both of whom have no age listed. The Shariah Board Members are a separate group, with seven members listed.

A. K. M. Nurul Fazal Bulbul is one of the Shariah Board Members, and he is 65 years old. The other Shariah Board Members have no age listed.