Dutch Bangla Bank

Dutch-Bangla Bank Limited (DBBL) is a bank in Bangladesh. DBBL is a scheduled joint venture private commercial bank between local Bangladeshi parties by M Sahabuddin Ahmed (Founder & Chairman) and a Dutch company FMO.[2] DBBL was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on a full array of banking business in Bangladesh. DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.[2]

Dutch-Bangla Bank Limited
TypePublic
DSE: DUTCHBANGL
Industry
Founded1995 (1995)
HeadquartersMotijheel, Dhaka, Bangladesh
Number of locations
195 branches
Area served
Bangladesh
Key people
Sayem Ahmed (Chairman)
ProductsRetail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking
Revenue ৳29.216 billion (US$350 million) (2018)
৳7.224 billion (US$86 million) (2018)
৳4.201 billion (US$50 million) (2018)
Total assets ৳346.469 billion (US$4.1 billion) (2018)
Number of employees
1661 (2018)
ParentFMO
SubsidiariesRocket Ltd.
Capital ratio15.6% (2018)
Websitedutchbanglabank.com
Footnotes / references
[1]

The bank is often colloquially referred to as "DBBL", "Dutch Bangla" and "Dutch Bangla Bank". (DBB. Limited )

ATM network/DBBL Nexus participating banks
A DBBL Nexus ATM booth.

DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it the largest network in Bangladesh.[3] On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong.[4]

Internet payment

On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants.[5] Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.[6]

Social work

Dutch Bangla Bank supports social work and is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs, medical and educational fields.[7][8][9][10] DBBL has the largest scholarship program in Bangladesh. In 2007, the bank won the Bangladesh Business Awards for being the 'Best Financial Institution' mainly for its commitment to technology and community service.[11][12][13]

References
  1. "Annual Report 2018" (PDF). Dutch-Bangla Bank Limited. 31 December 2018.
  2. Mazid, Muhammad Abdul (2012). "Dutch-Bangla Bank Limited". In Islam, Sirajul; Jamal, Ahmed A. (eds.). Banglapedia: National Encyclopedia of Bangladesh (Second ed.). Asiatic Society of Bangladesh.
  3. "DBBL branches to reach 79, ATMs 850 by yr-end". Financial Express. Archived from the original on 2011-04-21. Retrieved 2 September 2009.
  4. "DBBL's ATM taps 1000". Dhaka Mirror. 2016-08-05.
  5. "DBBL Introduced Internet Payments in Bangladesh". The HungryCoder. 2010-06-08. Retrieved 2016-05-09.
  6. "DBBL Introduced Nexus Pay Application". DBBL Nexus Pay. 2019-01-01. Retrieved 2019-10-16.
  7. "Tk 31 lakh Dutch-Bangla aid for acid, dowry victims". The Daily Star. Retrieved 2016-05-09.
  8. "Dutch-Bangla Bank distributes blankets". The Daily Star. Retrieved 2016-05-09.
  9. "Tk 4 crore Dutch-Bangla donation for Cancer Hospital". The Daily Star. Retrieved 2016-05-09.
  10. "Dutch-Bangla Bank stands by acid victims, divorcees". The Daily Star. Retrieved 2016-05-09.
  11. "127 students get DBBF scholarships". The Daily Star. Retrieved 2016-05-09.
  12. "Dutch-Bangla Bank support to HIV positives". The Daily Star. Retrieved 2016-05-09.
  13. "Dutch-Bangla Bank Foundation awards scholarship". The Daily Star. Retrieved 2016-05-09.
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