Company type | State owned |
---|---|
Industry | Banking |
Founded | Dhaka, Bangladesh |
Headquarters | Dhaka |
Key people | MD. Nurul Amin (Chairman) Shirin Akhter (Managing Director) |
Products |
Banking services Consumer Banking Corporate Banking Investment Banking |
![]() | |
Website | Karmasangsthan Bank |
Karmasangsthan Bank ( lit. 'Employment Bank') ( Bengali: কর্মসংস্থান ব্যাংক) is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises. [1] [2] [3] Ansar-VDP Unnayan Bank and the Probashi Kallyan Bank are two specialised banks like the Karmasangsthan Bank in Bangladesh. [4] MD. Nurul Amin is the present chairperson of the Karmasangsthan Bank.
The bank was founded in 1998 by the Awami League government, [5] with an approved capital of 3 billion taka. [1] The Karmasangsthan Bank was established as per Karmasangsthan Bank Act No.7 of 1998. [1] The bank was founded to increase income of people in rural areas of Bangladesh. [6] According to Sahara Khatun the bank was neglected after the Bangladesh Nationalist Party came to power. [5]
Dewan Mujibur Rahman was appointed managing director of Karmasangsthan Bank in September 2004. [7]
In August 2007, Karmasangsthan Bank donated 416 thousand taka to the Chief Adviser's Relief and Welfare Fund. [8]
The highest interest rate charged by the bank in 2010 was 10 per cent. [9]
Maniruzzaman Khandker, tax advisor to Prime Minister Sheikh Hasina and director of Midland Bank Limited, was the managing director of the bank in 2012. [10] [11]
In January 2014, Bangladesh Bank ordered Karmasangsthan Bank to not open new branches and set a series of conditions the bank must meet. [12]
Kaniz Fatema was appointed chairman of the bank in April. [13] Kazi Sanaul Hoq was appointed managing director of Karmasangsthan Bank in August 2019. [14] It provides funding to workers training institutes. [15]
Md Tajul Islam was appointed managing director of Karmasangsthan Bank in January 2020. [16] The government of Bangladesh announced a loan of 20 billion taka to be distributed to Karmasangsthan Bank, Palli Sanchay Bank, Palli Karma Sahayak Foundation, and Probashi Kallyan Bank. [17]
Prime Minister Sheikh Hasina said the bank was providing interest free loans to unemployed youth to start businesses in May 2021. [18] It received part of a 15 billion taka grant from the government of Bangladesh. [19]
Shirin Akhtar was appointed managing director of the bank in January 2022. [20] Md Nurul Amin was appointed chairman of Karmasangsthan Bank in May 2022. [21]
Mr. Md. Sayedul Islam, Former Secretary of the People's Republic of Bangladesh appointed as the Chairman of Karmasangsthan Bank and joined on 18 May 2023.
Name | Position | Reference |
---|---|---|
Mr. Md. Sayedul Islam | Chairman | [22] |
Mr. Arijit Chowdhury | Director | [22] |
Mr. Md. Saidur Rahman | Director | [22] |
Dr. Gazi Md. Saifuzzaman | Director | [22] |
Mr. Abu Saleh Mohammed Ferdous Khan | Director | [22] |
Mr. Mohammad Mamunul Hoque | Director | [22] |
Mr. Arun Kumar Chowdhury | Managing Director | [22] |
Mrs. Jebunnahar Nasrin | Secretary | [22] |
Company type | State owned |
---|---|
Industry | Banking |
Founded | Dhaka, Bangladesh |
Headquarters | Dhaka |
Key people | MD. Nurul Amin (Chairman) Shirin Akhter (Managing Director) |
Products |
Banking services Consumer Banking Corporate Banking Investment Banking |
![]() | |
Website | Karmasangsthan Bank |
Karmasangsthan Bank ( lit. 'Employment Bank') ( Bengali: কর্মসংস্থান ব্যাংক) is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises. [1] [2] [3] Ansar-VDP Unnayan Bank and the Probashi Kallyan Bank are two specialised banks like the Karmasangsthan Bank in Bangladesh. [4] MD. Nurul Amin is the present chairperson of the Karmasangsthan Bank.
The bank was founded in 1998 by the Awami League government, [5] with an approved capital of 3 billion taka. [1] The Karmasangsthan Bank was established as per Karmasangsthan Bank Act No.7 of 1998. [1] The bank was founded to increase income of people in rural areas of Bangladesh. [6] According to Sahara Khatun the bank was neglected after the Bangladesh Nationalist Party came to power. [5]
Dewan Mujibur Rahman was appointed managing director of Karmasangsthan Bank in September 2004. [7]
In August 2007, Karmasangsthan Bank donated 416 thousand taka to the Chief Adviser's Relief and Welfare Fund. [8]
The highest interest rate charged by the bank in 2010 was 10 per cent. [9]
Maniruzzaman Khandker, tax advisor to Prime Minister Sheikh Hasina and director of Midland Bank Limited, was the managing director of the bank in 2012. [10] [11]
In January 2014, Bangladesh Bank ordered Karmasangsthan Bank to not open new branches and set a series of conditions the bank must meet. [12]
Kaniz Fatema was appointed chairman of the bank in April. [13] Kazi Sanaul Hoq was appointed managing director of Karmasangsthan Bank in August 2019. [14] It provides funding to workers training institutes. [15]
Md Tajul Islam was appointed managing director of Karmasangsthan Bank in January 2020. [16] The government of Bangladesh announced a loan of 20 billion taka to be distributed to Karmasangsthan Bank, Palli Sanchay Bank, Palli Karma Sahayak Foundation, and Probashi Kallyan Bank. [17]
Prime Minister Sheikh Hasina said the bank was providing interest free loans to unemployed youth to start businesses in May 2021. [18] It received part of a 15 billion taka grant from the government of Bangladesh. [19]
Shirin Akhtar was appointed managing director of the bank in January 2022. [20] Md Nurul Amin was appointed chairman of Karmasangsthan Bank in May 2022. [21]
Mr. Md. Sayedul Islam, Former Secretary of the People's Republic of Bangladesh appointed as the Chairman of Karmasangsthan Bank and joined on 18 May 2023.
Name | Position | Reference |
---|---|---|
Mr. Md. Sayedul Islam | Chairman | [22] |
Mr. Arijit Chowdhury | Director | [22] |
Mr. Md. Saidur Rahman | Director | [22] |
Dr. Gazi Md. Saifuzzaman | Director | [22] |
Mr. Abu Saleh Mohammed Ferdous Khan | Director | [22] |
Mr. Mohammad Mamunul Hoque | Director | [22] |
Mr. Arun Kumar Chowdhury | Managing Director | [22] |
Mrs. Jebunnahar Nasrin | Secretary | [22] |