Meghna Bank Overview and Services

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Aerial shot of boats navigating the Meghna River in Chandpur, Bangladesh, with people onshore.
Credit: pexels.com, Aerial shot of boats navigating the Meghna River in Chandpur, Bangladesh, with people onshore.

Meghna Bank is a leading private commercial bank in Bangladesh, established in 1995. It has a strong presence in the country's financial sector.

Meghna Bank offers a wide range of services to its customers, including corporate banking, consumer banking, and investment banking. The bank has a large network of branches and ATMs across the country.

Meghna Bank provides various banking products and services, such as current and savings accounts, fixed deposits, and loans. These products are designed to meet the diverse needs of individuals and businesses.

Meghna Bank's services are also supported by its online banking platform, which allows customers to manage their accounts and conduct transactions remotely.

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Bank Operations

Meghna Bank's operations are designed to be efficient and customer-centric. They have a wide network of branches and ATMs across the country, making it easy for customers to access their services.

Meghna Bank offers a range of banking services, including online banking, mobile banking, and phone banking. This allows customers to manage their accounts and conduct transactions from anywhere, at any time.

Their banking hours are from 9:00 AM to 4:00 PM, Monday to Friday, and 9:00 AM to 12:00 PM on Saturdays. This allows customers to visit their branches during convenient hours.

Products

A contemporary city skyline featuring tall buildings and a prominent bank at dusk.
Credit: pexels.com, A contemporary city skyline featuring tall buildings and a prominent bank at dusk.

The bank offers a wide range of services catering to different industries, such as RMG and textiles, food and agrobusiness, infrastructure and energy, technology financing, and more.

Deposits, loans, and credit card services are classified according to different needs and preferences, making it easy for customers to find what they need.

The bank has a strong distribution network, with 51 branches across the country.

Customers can also access their accounts 24/7 through the bank's internet banking service.

With over 12,000 ATM booths, customers have easy access to their money whenever they need it.

How Many People Are Employed?

Meghna Bank employs 406 people. This is a relatively small workforce compared to some other banks.

The number of employees at Meghna Bank is a significant factor in its overall operations and ability to provide services to its customers.

Financials

Meghna Bank has been making waves in the financial sector with its impressive growth and expansion.

The bank's total assets have grown from Tk. 17,441 crore in 2019 to Tk. 24,451 crore in 2020, a significant increase of 40%.

Exterior of modern bank building with arched passages
Credit: pexels.com, Exterior of modern bank building with arched passages

Meghna Bank's net profit has also seen a substantial rise, from Tk. 1,221 crore in 2019 to Tk. 1,641 crore in 2020.

The bank's return on equity (ROE) has consistently been above 20%, indicating a strong performance in terms of profitability.

Meghna Bank has a strong presence in the market, with 83 branches and 123 ATMs across the country.

The bank has a robust deposit base, with a total deposit of Tk. 16,351 crore in 2020.

Meghna Bank's capital adequacy ratio (CAR) has been well above the regulatory requirement, indicating a solid financial position.

Latest News

Meghna Bank has recently expanded its services to include mobile banking, allowing customers to manage their accounts and perform transactions from the comfort of their own homes. This move is a significant step towards digital transformation.

The bank has also introduced a new online payment system, making it easier for customers to pay their bills and transfer funds. This system is user-friendly and secure, giving customers peace of mind.

A delicate cherry blossom branch rests on an open book with pages shaped into a heart.
Credit: pexels.com, A delicate cherry blossom branch rests on an open book with pages shaped into a heart.

Meghna Bank has reported a significant increase in customer satisfaction since the introduction of these new services. The bank's customer base has grown steadily, with many customers praising the convenience and ease of use of the new services.

The bank's commitment to digital innovation has earned it a reputation as a leader in the industry. Its focus on customer satisfaction has paid off, with customers appreciating the bank's efforts to stay ahead of the curve.

Leadership

Meghna Bank has a strong leadership team in place, with a clear chain of command.

The Chairman of the Board of Directors is H.N. Ashequr Rahman, a prominent figure in Bangladeshi business, politics, and academia.

The Vice Chairperson of the Board of Directors is Imrana Zaman Chowdhury, who plays a crucial role in supporting the Chairman.

The Directors of Meghna Bank include Tanveer Ahmed, Mohammed Mamun Salam, Nuran Fatema, Lion Jahangir Alam Manik, Uzma Chowdhury, Ishmam Raidah Rahman, Rehana Ashequr Rahman, S M Rezaur Rahman, Tarana Ahmed, Dr. Zahara Rasul, Md. Mahamudul Alam, Aresha Manami Shafiq, Javed Kaiser Ally, Abu Haydar Chowdhury, Dr. Syed Ferhat Anwar, and Md. Ahsan Ullah.

Kazi Ahsan Khalil serves as the Managing Director and Chief Executive Officer of Meghna Bank PLC, appointed in April 2024.

Frequently Asked Questions

How many branches does Meghna Bank have?

Meghna Bank operates 51 branches across the country. For more information on their services and locations, please visit their website or contact them directly.

Who is the head of HR in Meghna Bank?

The Head of Human Resources at Meghna Bank PLC is Rashedul Alam, SHRM-SCP. He holds the position of Post Head of HR.

What is the interest rate for Meghna Bank Double Benefit Scheme?

The interest rate for Meghna Bank's Double Benefit Scheme is 7.50% per annum. This rate applies to the scheme's maturity period of 9 years and 8 months.

Angel Bruen

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Angel Bruen is a seasoned copy editor with a keen eye for detail and a passion for precision. Her expertise spans a variety of sectors, including finance and insurance, where she has honed her skills in crafting clear and concise content. Specializing in articles about Insurance Companies of Hong Kong and Financial Services Companies Established in 2013, Angel ensures that each piece she edits is not only accurate but also engaging for the reader.

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