Bangladesh Krishi Bank
{{Short description|Government owned bank in Bangladesh}}
{{Update|date=December 2024}}
{{Infobox company
| name = Krishi Bank
| logo = Bangladesh Krishi Bank logo.png
| type = Government owned
| foundation = 1973 and Dhaka, Bangladesh
| location = Dhaka, Bangladesh
| key_people = Md. Zahid Hossain (Chairman)
MD. Shawkat Ali Khan (Managing Director)
| industry = Banking
| products = Banking services
Consumer Banking
Corporate Banking
Investment Banking
| net_income = {{profit}}
| homepage = [http://www.krishibank.org.bd/ Bangladesh Krishi Bank]
}}
Krishi Bank ({{Langx|bn|কৃষি ব্যাংক}}) is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry.{{cite web|title=About Us|url=http://www.krishibank.org.bd/showDocument.php?documentid=1215|website=krishibank.org.bd|access-date=3 February 2016|archive-url=https://web.archive.org/web/20160105112416/http://www.krishibank.org.bd/showDocument.php?documentid=1215|archive-date=2016-01-05|url-status=dead}} Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.{{Cite news |last=Uddin |first=AKM Zamir |date=2020-11-26 |title=BKB, Rakub asked to reduce default loans, boost capital base |url=https://www.thedailystar.net/business/news/bkb-rakub-asked-reduce-default-loans-boost-capital-base-2001205 |access-date=2022-11-09 |work=The Daily Star |language=en}}{{Cite news |title=Rural businesses, farmers hit by lack of finance |url=https://archive.thedailystar.net/2007/05/08/d70508050255.htm |access-date=2022-11-09 |work=The Daily Star}}
History
Krishi Bank was established in 1973.{{Cite web |title=BKB AT A GLANCE - Bangladesh Krishi Bank |url=https://www.krishibank.org.bd/bkb-at-a-glance/ |access-date=2022-11-09 |website=www.krishibank.org.bd}}
Krishi Bank is one of six state owned banks in Bangladesh.{{cite news |title=State-owned banks in Bangladesh cut interest rates|url=http://bdnews24.com/business/2016/02/03/state-owned-banks-in-bangladesh-cut-interest-rates|work=bdnews24.com|access-date=3 February 2016}} In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers.{{Cite news |title=Ensure 2pc lending rate for Rabi crop farmers |url=https://archive.thedailystar.net/2006/10/23/d61023050153.htm |access-date=2022-11-09 |work=The Daily Star}} On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank.{{Cite news |title=New MD of Krishi Bank |url=https://archive.thedailystar.net/2006/11/16/d61116051382.htm |access-date=2022-11-09 |work=The Daily Star}}
On 30 January 2008, Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank.{{Cite news |date=2008-01-30 |title=Krishi Bank gets new chairman, MD |url=https://www.thedailystar.net/news-detail-21252 |access-date=2022-11-09 |work=The Daily Star |language=en}}{{Cite news |last=Rashid |first=Mamun |date=2011-05-05 |title=Sorry Mr. Ibrahim Khaled! |url=https://www.thedailystar.net/news-detail-184241 |access-date=2022-11-09 |work=The Daily Star |language=en}} In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh.{{Cite news |last=Rahman |first=Sajjadur |date=2009-08-15 |title=Krishi Bank to go more commercial |url=https://www.thedailystar.net/news-detail-101582 |access-date=2022-11-09 |work=The Daily Star |language=en}}
The bank was asked to stop providing loans to non-agricultural purposes. The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to 2013.{{cite news |title=Govt orders Krishi Bank to stop giving loans for non-agricultural purposes|url=http://bdnews24.com/economy/2015/05/30/govt-orders-krishi-bank-to-stop-giving-loans-for-non-agricultural-purposes|work=bdnews24.com|access-date=3 February 2016}}
In December 2014, four Bangladesh Krishi Bank officials have faced investigations from the Anti-Corruption Commission.{{cite news |title=ACC grills 4 Krishi Bank officials over embezzlement|url=http://www.thedailystar.net/acc-grills-4-krishi-bank-officials-over-embezzlement-53986|work=The Daily Star|access-date=3 February 2016}} The four were accused of providing a fraudulent loan to restaurateur Wahidur Rahman, owner of Firoz Group, for 1.52 billion taka.{{Cite news |date=2019-02-21 |title=Graft Case: Six former bank officials sent to jail |url=https://www.thedailystar.net/business/banking/misappropriation-of-bangladesh-krishi-bank-6-ex-officials-sent-jail-1704808 |access-date=2022-11-09 |work=The Daily Star |language=en}}
In 2015, the Bangladesh Krishi Bank incurred a loss of 1589.3 million taka.{{cite news |title=Tk 1 crore or more in 1.14 lakh accounts|url=http://www.thedailystar.net/frontpage/tk-1-crore-or-more-114-lakh-accounts-207514|work=The Daily Star|access-date=3 February 2016}} The Bank worked with the Department of Agricultural Extension in Netrokona District to provide loans to Boro rice Cultivators.{{cite news |title=Massive Boro cultivation in Netrakona |work=The Financial Express |location=Dhaka |url=http://www.thefinancialexpress-bd.com/2016/01/22/11993 |url-status=dead |access-date=3 February 2016 |archive-url=https://web.archive.org/web/20161220070047/http://www.thefinancialexpress-bd.com/2016/01/22/11993 |archive-date=20 December 2016}} The Moulvibazar branch of the bank was robbed of over 600 thousand taka.{{cite news |title=Moulvibazar Krishi Bank branch robbe|url=http://bdnews24.com/bangladesh/2015/10/21/moulvibazar-krishi-bank-branch-robbed|work=bdnews24.com|access-date=3 February 2016}}
On 23 November 2016, Muhammad Awal Khan was appointed managing director of Bangladesh Krishi Bank.{{Cite news |date=2016-11-23 |title=New managing director for Bangladesh Krishi Bank |url=https://www.thedailystar.net/business/new-managing-director-bangladesh-krishi-bank-1319026 |access-date=2022-11-09 |work=The Daily Star |language=en}}
In November 2017, Anti Corruption Commission sued six including three officers of the bank for embezzling 4.3 billion taka with the owners of M/S RN Sweaters.{{Cite news |date=2017-11-28 |title=Loan scam: Ex-Krishi Bank DGM lands in jail |url=https://www.thedailystar.net/country/loan-scam-ex-krishi-bank-dgm-lands-jail-1497649 |access-date=2022-11-09 |work=The Daily Star |language=en}}
Anti-Corruption Commission sued 6 officials of Bangladesh Krishi Bank and Wahidur Rahman in August 2018 for embezzling 1.52 billion taka from 2009 to 2013.
Justices M Enayetur Rahim and Sardar Md Rashed Jahangir asked the bank to explain why the bank had waived 480 taka interest on a loan to businessman and Bangladesh Nationalist Party politician Abbas Ali in May 2021.{{Cite news |date=2021-05-24 |title=HC wants documents of Krishi Bank's Tk 48 crore interest waiver for BNP leader |url=https://www.thedailystar.net/law-our-rights/law-news/news/hc-wants-documents-krishi-banks-tk-48-crore-interest-waiver-bnp-leader-2098029 |access-date=2022-11-09 |work=The Daily Star |language=en}} It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh.{{Cite news |last=Uddin |first=AKM Zamir |date=2021-06-02 |title=Nine banks incur net losses in Q1 |url=https://www.thedailystar.net/business/news/nine-banks-incur-net-losses-q1-2103277 |access-date=2022-11-09 |work=The Daily Star |language=en}} It had the highest loss at 7.74 billion taka. The other banks were BASIC Bank Limited, Bangladesh Commerce Bank Limited, Bangladesh Development Bank, ICB Islamic Bank, Meghna Bank, NRB Bank, Padma Bank Limited, and Rajshahi Krishi Unnayan Bank. On 16 August, Shirin Akhter was appointed managing director of the bank.{{Cite news |date=2021-08-16 |title=Shirin MD of current charge at Krishi Bank |url=https://www.thedailystar.net/business/economy/banks/news/shirin-md-current-charge-krishi-bank-2153211 |access-date=2022-11-09 |work=The Daily Star |language=en}} After Shirin retired, she joined the Karmasangsthan Bank in December 2021.{{Cite news |title=Shirin becomes Karmasangsthan Bank MD |url=https://www.newagebd.net/article/160059/shirin-becomes-karmasangsthan-bank-md |access-date=2022-11-09 |work=New Age |language=en}}
Bangladesh Krishi Bank asked for deposits from State owned enterprises.{{Cite news |title=Krishi Bank seeks deposits from state entities |url=https://thefinancialexpress.com.bd/trade/bangladesh-krishi-bank-seeks-deposits-from-state-entities-1642391363 |access-date=2022-11-09 |work=The Financial Express |language=en}} In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka.{{Cite news |last=Uddin |first=AKM Zamir |date=2022-06-09 |title=Ten banks face capital shortfall of Tk 27,051cr |url=https://www.thedailystar.net/business/economy/banks/news/ten-banks-face-capital-shortfall-tk-27051cr-3042936 |access-date=2022-11-09 |work=The Daily Star |language=en}} It received an appreciation letter for distributing loans from the Bangladesh Bank.{{Cite news |date=2022-05-18 |title=Bangladesh Krishi Bank receives appreciation letter from BB governor |url=https://www.tbsnews.net/economy/corporates/bangladesh-krishi-bank-receives-appreciation-letter-bb-governor-422466 |access-date=2022-11-09 |work=The Business Standard |language=en}} The Bank donated 10 million taka to the relief fund of Prime Minister Sheikh Hasina.{{Cite news |date=2022-07-07 |title=Bangladesh Krishi Bank donates Tk1cr to PM's Relief & Welfare Fund |url=https://www.tbsnews.net/economy/corporates/bangladesh-krishi-bank-donates-tk1cr-pms-relief-welfare-fund-455038 |access-date=2022-11-09 |work=The Business Standard |language=en}}
Board of directors
{{Update section|date=December 2024}}
| class="wikitable"
|+ !Name !Position !Reference |
| Md. Zahid Hossain
|Chairman |
| Md. Shawkat Ali Khan
|Managing Director |
| Md. Hamidur Rahman
|Director |
| Mrityunjoy Saha
|Director |
| Tahmid Hasnat Khan
|Director |
| Abdus Salam
|Director |
| Benojir Alam
|Director |
| Kazi Mohammad Nozre Moin
|Secretary |
References
{{Reflist|30em}}
External links
{{Portal|Banks}}
- [http://www.dhakatribune.com/bangladesh/2015/jul/16/bb-intelligence-digs-traffickers-bank-accounts BB intelligence digs into traffickers’ bank accounts.]
- [http://bdnews24.com/economy/2015/06/27/accumulated-bad-loans-of-56-banks-in-bangladesh-over-tk-546.57-billion Accumulated bad loans of 56 banks in Bangladesh over Tk 546.57 billion]
{{Banks in Bangladesh}}
Category:Companies listed on the Dhaka Stock Exchange
Category:Banks established in 1973