Premier Bank Limited

The Premier Bank Limited (PBL) is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh.[3][4] Dr. H. B. M. Iqbal is the Chairman[5] and Shafiqur Rahman is one of the founder & Director of this Bank.[6] M. Reazul Karim, FCMA is the current Managing Director & CEO.[7]

Agrabad Corporate Branch, Chittagong.
The Premier Bank Limited
TypePublic Limited Company
IndustryBanking
Founded1999
Headquarters42 Kemal Ataturk Avenue, Banani,
Dhaka
,
Bangladesh
Number of locations
118 Branches, 10 Sub-Branches, 186 Agent Outlets
Area served
Bangladesh
Key people
  • HBM Iqbal (Chairman)
  • Shafiqur Rahman (Founder & Director) M. Reazul Karim, (MD & CEO)
[1]
ServicesRetail banking, corporate banking, credit cards
Revenue ৳12,951.78 million (2019)[2]
৳7,317.46 million (2019)[2]
Total assets ৳261,900,49 million (2019)[2]
Number of employees
 1,947 (2019)[2]
SubsidiariesPremier Bank Securities Limited [2]
Websitewww.premierbankltd.com

History

The bank was incorporated on June 10, 1999.[3] Bangladesh Premier league sold its tickets in 2013 from branches of the bank.[8]

In 2013, Bangladesh Bank launched an investigation into an allegations against Bank's then vice chairman BH Haroon.[9] A client of the bank, Khalilur Rahman, claimed that bank's then vice chairman BH Haroon, stole Tk 134 crore from his account in 2008 in collusion with some bank officials. Khalilur, got a Tk 203 crore work order for building 15,000 houses in Sidr affected areas in southern Bangladesh in June 2008. The project was funded by the Saudi government. Khalilur opened an account with Bangshal branch of Premier Bank to make transactions for the project. He received Tk 203.06 crore from the Saudi government through seven cheques. Khalilur withdrew Tk 69.11 crore from the account, and kept the remaining Tk 133.95 crore deposited in his account.[10] After primary investigation, The Anti-Corruption Commission has found evidence of embezzlement of Tk 62 crore from the account of a client of Premier Bank's Bangshal branch.[11]

In 2014 the Bank was fined 2 million Bangladesh taka for money laundering along with seven other banks.[12]

In 2016, money 4 million taka was stolen from ATMs of the bank using cloned Saudi Arabian credit cards.[13]

References
  1. "Management". Premier Bank.
  2. "Annual Report 2019" (PDF). The Premier Bank Ltd. Retrieved 13 February 2021.
  3. Mazid, Muhammad Abdul. "Premier Bank Limited". Banglapedia. Retrieved 31 October 2016.
  4. "Premier Bank signs MoU with CPTU". The Financial Express. Dhaka. Retrieved 31 October 2016.
  5. "Chairman - Home". premierbankltd.com. Retrieved 2021-11-06.
  6. "Director's Profile - Home". premierbankltd.com. Retrieved 2021-11-06.
  7. "Reazul Karim, reappoints as MD & CEO of Premier Bank". The Business Standard. 2021-04-21. Retrieved 2021-11-06.
  8. "Premier Bank to sell BPL tickets". The Daily Star. 14 January 2013. Retrieved 31 October 2016.
  9. Report, Star Online (2018-04-03). "Premier Bank scam: ACC summons AL MP Haroon". The Daily Star. Retrieved 2021-11-07.
  10. "Allegation of cheque fraud of Tk134cr against MP Harun". Dhaka Tribune. 2017-05-20. Retrieved 2021-11-07.
  11. Rahman, Sajjadur (2014-07-04). "Tk 134 crore vanishes". The Daily Star. Retrieved 2021-11-07.
  12. "Eight banks fined under money laundering act". bdnews24.com. Retrieved 31 October 2016.
  13. "Another ATM fraud". The Daily Star. 3 March 2016. Retrieved 31 October 2016.


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