About Pubali Bank Ltd and Its Operations

Pubali Bank Ltd is one of the largest commercial banks in Bangladesh, with a rich history dating back to 1959. It was established by a group of Bangladeshi entrepreneurs and has since grown to become a major player in the country's banking sector.

The bank offers a wide range of financial services, including corporate and retail banking, investment banking, and Islamic banking. Its corporate banking services cater to the needs of large and medium-sized enterprises, while its retail banking services provide financial solutions to individual customers.

Pubali Bank Ltd operates through a network of over 800 branches across Bangladesh, with a team of highly skilled and dedicated professionals. Its commitment to customer satisfaction and innovative banking practices has earned it a reputation as a reliable and trustworthy financial institution.

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Pubali Bank has been making headlines with some significant appointments and approvals. Pubali Bank Plc. appointed Sultana Sarifun Nahar as Deputy Managing Director on Jan. 15.

The bank has also received consent from the Bangladesh Securities and Exchange Commission to issue its 4th subordinated bond, announced on Nov. 14.

Our bank is a financial institution that provides a wide range of banking services to individuals and businesses.

It offers various types of accounts, including checking and savings accounts, which can be opened online or in-person at one of its many branches.

The bank has a strong presence in the community, with a long history of supporting local economic development.

Its services include online banking, mobile banking, and bill pay, making it easy for customers to manage their finances on the go.

The bank has a team of experienced financial advisors who can provide personalized advice on investments, loans, and other financial products.

It also offers a variety of credit cards, loans, and mortgages to help customers achieve their financial goals.

Pubali Bank PLC is one of the major commercial banks in Bangladesh, with a strong presence in the country's financial sector.

The bank has been making headlines in recent times, with the appointment of Sultana Sarifun Nahar as its Deputy Managing Director on January 15.

Pubali Bank PLC has also received consent from the Bangladesh Securities and Exchange Commission to issue its 4th subordinated bond on November 14.

In terms of market performance, Pubali Bank PLC has shown a -1.01% change in the past 5 days, with a 1-year change of +1.38% and a 3-year change of +17.29%.

The bank's capitalization stands at $282 million, making it a significant player in the market.

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Pubali Bank's financial performance is a testament to its stability and growth. The bank's sales by activity show a steady increase in revenue over the years.

In 2019, Pubali Bank's sales were 13.91 billion, which rose to 15.47 billion in 2020. This represents a significant growth of 1.56 billion, or 11.2%, in just one year.

The bank's conventional banking segment contributed the most to its revenue, accounting for the majority of its sales. The segment's sales were 13.91 billion in 2019 and 15.47 billion in 2020.

Here's a breakdown of Pubali Bank's sales by activity in 2019 and 2020:

The bank's sales by activity demonstrate its diversified revenue streams, which contribute to its overall financial performance.

Pubali Bank is owned by a diverse group of shareholders, with several key individuals holding significant stakes in the company.

Rumana Sharif holds the largest stake, with 5.025% of the company, valued at 14 million BDT.

Mohammed Mondal, Mustafa Ahmed, and Moniruddin Ahmed also hold notable stakes, with 3.111%, 3.099%, and 2.904% respectively, all valued at 9 million BDT.

Here's a breakdown of the top shareholders:

Azizur Rahman rounds out the top shareholders with 1.932% of the company, valued at 5 million BDT.

Pubali Bank was started in East Pakistan as Eastern Mercantile Bank Limited in 1959 under the Bank Companies Act 1913 by Bengali businessmen.

The bank was nationalized in 1971 under Bangladesh Bank's (nationalisation) Ordinance and renamed as Pubali Bank. This marked a significant shift in the bank's ownership.

In 1983, Pubali Bank was denationalized as a private bank and renamed as Pubali Bank Limited. This change allowed for greater autonomy and flexibility in its operations.

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The bank's reserves worth ৳88.89 billion in 2009 demonstrate its financial stability. This is a testament to the bank's prudent management and sound financial planning.

After a petition filed by a shareholder, the High Court Division, Supreme Court of Bangladesh removed eight members of the board of directors in February 2014. This move aimed to ensure that the board members possessed the minimum required shares.

In May 2019, Azizul Huq was elected chairman of the Pubali Bank. This appointment marked a significant change in the bank's leadership.

The board of directors at Pubali Bank PLC is comprised of experienced and dedicated individuals who have been serving the bank for various lengths of time. The Chairman of the board is Habibur Rahman, who has been in the position since 2016-04-27.

Monzurur Rahman, the other Chairman, has been with the bank since 1985-01-23, making him one of the longest-serving members of the board. Rumana Sharif, a Director/Board Member, is 62 years old and has been serving since 2007-12-17.

Here are the board members with their titles and ages:

Moniruddin Ahmed has been a Director/Board Member since 1985-01-23, while Fahim Chowdhury has been serving in the same capacity since 1996-09-02.

Pubali Bank PLC has a diverse group of shareholders.

Rumana Sharif holds the largest share of equities, with 58,134,515 shares valued at 14 million BDT.

Mohammed Mondal, Mustafa Ahmed, and Moniruddin Ahmed are among the top shareholders, each holding over 30 million BDT in valuation.

Their share percentages are 5.025%, 3.111%, 3.099%, and 2.904% respectively.

Here is a breakdown of the top shareholders:

Azizur Rahman holds the smallest share, with 1.932% of the total shares valued at 5 million BDT.

Pubali Bank has undergone a significant change in its name, as it will now be known as Pubali Bank PLC. This change took place on November 02, 2023.

The bank has appointed several key individuals to its leadership team. Sultana Sarifun Nahar was appointed as Deputy Managing Director, and Mohammad Ali was appointed as Managing Director and CEO.

Pubali Bank has also been reporting its earnings results on a quarterly basis. For the Third Quarter and Nine Months Ended September 30, 2024, the bank reported its earnings results on October 31, 2024. Similar reports were also made for the Second Quarter and Six Months Ended June 30, 2024, and the First Quarter Ended March 31, 2024.

Here is a list of the bank's earnings results reports:

The bank has also been involved in other significant events, such as the appointment of Saiful Alam Khan Chowdhury as Managing Director and CEO, effective April 11, 2021.