Company type | Public limited company |
---|---|
Industry | Banking |
Founded | 2013 |
Headquarters | Dhaka, Bangladesh |
Area served | Bangladesh |
Key people |
|
Services |
Banking Financial services |
Website |
www |
Midland Bank PLC. is a fourth generation private commercial bank in Bangladesh. [3] Nilufer Zafarullah is chairperson of the bank. [4] Md Ahsan-uz Zaman, is the managing director and CEO of Midland Bank Limited. [5]
Midland Bank Limited was established on 20 March 2013. [6] It was one of nine 4th generation bank approved all of whom have strong ties with Awami League, the government party. [7] Bangladesh Bank approved Midland Bank Limited on the condition that the bank would eventually list on the stock market. [8]
Md Ahsan-uz Zaman joined Midland Bank Limited in July 2014 as its chief executive officer and managing director. [9]
In 2018, defaulted loans of Midland Bank Limited rose from 220 million taka to 650 million taka. [10]
In July 2020, Md Ahsan-uz Zaman reappointed Midland Bank Limited's Chief Executive Officer and Managing Director [9] On 20 June 2021, Bangladesh Bank included Midland Bank Limited in its Interoperable Digital Transaction Platform and Bangladesh Electronic Funds Transfer Network. [11] In 2020 Midland Bank had 45.06 billion taka in deposits and 37.86 billion in loans. [11] In September 2021, Nilufer Zafarullah was elected chairman of Midland Bank Limited and Md Shamsuzzaman was elected vice-chairman. [12] It launched Midland Online in an attempt to provide more online services during the COVID-19 pandemic in Bangladesh. [13] The bank made 1.62 billion taka in operating profit in 2021 and an increase from 1.25 billion taka it made in 2020. [14]
Midland Bank distributed loans worth 45 million taka to Jamdani weavers in Narayanganj in collaboration with the USHA Foundation. [15] [16]
Bangladesh Securities and Exchange Commission asked Midland Bank Limited to list on the stock market. [17] In June 2020, the Midland Bank Limited announced plans to list on the Dhaka Stock Exchange through Initial Public Offering and raise 7 billion taka from the capital market. [18] The Dhaka Tribune reported that Anwar Ispat embezzled 500 million taka from the Gulshan branch of the bank which was denied by the bank. [19] [20]
Sl # | Name | Designation | Reference |
---|---|---|---|
1 | Nilufer Zafarullah | Chairperson | [21] |
2 | Md. Shamsuzzaman | Director | [21] |
3 | Abul Kashem | Director | [21] |
4 | Kazi Omar Zafar | Director | [21] |
5 | Ahsan Khan Chowdhury | Director | [21] |
6 | Rezaul Karim | Director | [21] |
7 | Mostafizur Rahman | Director | [21] |
8 | Anushka Mehreen Zafar | Director | [21] |
9 | Md. Wahid Miah | Director | [21] |
10 | Mahbubul Hady Fazle Rab | Independent Director | [21] |
11 | Nazimuddin Chowdhury | Independent Director | [21] |
12 | Khandhaker Thanveer Shamsul Islam | Independent Director | [21] |
13 | Md. Ahsan-uz Zaman | CEO and Managing Director | [21] |
Company type | Public limited company |
---|---|
Industry | Banking |
Founded | 2013 |
Headquarters | Dhaka, Bangladesh |
Area served | Bangladesh |
Key people |
|
Services |
Banking Financial services |
Website |
www |
Midland Bank PLC. is a fourth generation private commercial bank in Bangladesh. [3] Nilufer Zafarullah is chairperson of the bank. [4] Md Ahsan-uz Zaman, is the managing director and CEO of Midland Bank Limited. [5]
Midland Bank Limited was established on 20 March 2013. [6] It was one of nine 4th generation bank approved all of whom have strong ties with Awami League, the government party. [7] Bangladesh Bank approved Midland Bank Limited on the condition that the bank would eventually list on the stock market. [8]
Md Ahsan-uz Zaman joined Midland Bank Limited in July 2014 as its chief executive officer and managing director. [9]
In 2018, defaulted loans of Midland Bank Limited rose from 220 million taka to 650 million taka. [10]
In July 2020, Md Ahsan-uz Zaman reappointed Midland Bank Limited's Chief Executive Officer and Managing Director [9] On 20 June 2021, Bangladesh Bank included Midland Bank Limited in its Interoperable Digital Transaction Platform and Bangladesh Electronic Funds Transfer Network. [11] In 2020 Midland Bank had 45.06 billion taka in deposits and 37.86 billion in loans. [11] In September 2021, Nilufer Zafarullah was elected chairman of Midland Bank Limited and Md Shamsuzzaman was elected vice-chairman. [12] It launched Midland Online in an attempt to provide more online services during the COVID-19 pandemic in Bangladesh. [13] The bank made 1.62 billion taka in operating profit in 2021 and an increase from 1.25 billion taka it made in 2020. [14]
Midland Bank distributed loans worth 45 million taka to Jamdani weavers in Narayanganj in collaboration with the USHA Foundation. [15] [16]
Bangladesh Securities and Exchange Commission asked Midland Bank Limited to list on the stock market. [17] In June 2020, the Midland Bank Limited announced plans to list on the Dhaka Stock Exchange through Initial Public Offering and raise 7 billion taka from the capital market. [18] The Dhaka Tribune reported that Anwar Ispat embezzled 500 million taka from the Gulshan branch of the bank which was denied by the bank. [19] [20]
Sl # | Name | Designation | Reference |
---|---|---|---|
1 | Nilufer Zafarullah | Chairperson | [21] |
2 | Md. Shamsuzzaman | Director | [21] |
3 | Abul Kashem | Director | [21] |
4 | Kazi Omar Zafar | Director | [21] |
5 | Ahsan Khan Chowdhury | Director | [21] |
6 | Rezaul Karim | Director | [21] |
7 | Mostafizur Rahman | Director | [21] |
8 | Anushka Mehreen Zafar | Director | [21] |
9 | Md. Wahid Miah | Director | [21] |
10 | Mahbubul Hady Fazle Rab | Independent Director | [21] |
11 | Nazimuddin Chowdhury | Independent Director | [21] |
12 | Khandhaker Thanveer Shamsul Islam | Independent Director | [21] |
13 | Md. Ahsan-uz Zaman | CEO and Managing Director | [21] |