Dutch-Bangla Bank
{{Short description|Private-sector bank in Bangladesh}}
{{Infobox company
| name = Dutch-Bangla Bank PLC.
| image = Dutch-bangla bank limited.svg
| image_size = 250px
| type = Public Limited Company
| industry = {{Unbulleted list | Banking | Financial services }}
| traded_as = {{Dse|DUTCHBANGL}}
{{Chittagong Stock Exchange|DUTCHBANGL}}
| founded = {{Start date and age|1996}}
| location = Motijheel, Dhaka, Bangladesh
| area_served = Bangladesh
| key_people = Ms. Sadia Rayen Ahmed (Chairman)
| products = Retail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking
| operating_income = {{increase}} {{BDTConvert|14.536|b|lk=yes}} (2023)|
| net_income = {{profit}} {{BDTConvert|8.017|b|lk=yes}} (2023)|
| assets = {{increase}} {{BDTConvert|593.883|b|lk=yes}} (2023)|
| revenue = |
| num_locations = 241 branches
| num_employees = 8060
| num_employees_year = 2023
| parent =
| ratio =
| homepage = {{URL|dutchbanglabank.com}}
}}
Dutch-Bangla Bank PLC. ({{langx|bn|ডাচ্-বাংলা ব্যাংক পিএলসি.}}), one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Dutch financial company FMO.{{cite web | last=Parvez | first=Sohel | title=Aromatic rice exporters may get more time | website=The Daily Star | date=July 26, 2015 | url=https://www.thedailystar.net/business/aromatic-rice-exporters-may-get-more-time-116740 | access-date=June 26, 2024}}{{cite web | title=Customer Satisfaction of DBBL (Dutch-Bangla Bank Ltd.) | website=Assignment Point | date=June 3, 1996 | url=https://assignmentpoint.com/customer-satisfaction-of-dbbl-dutch-bangla-bank-ltd/ | access-date=June 26, 2024}}
History
Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996.{{Cite news |title=Winners of Bangladesh Business Awards 2006 |url=https://archive.thedailystar.net/2007/03/31/d70331050268.htm |access-date=2023-03-30 |work=The Daily Star}} It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh.{{Cite news |date=2019-11-03 |title=Dutch investor sells entire stake in DBBL |url=https://www.thedailystar.net/business/news/dutch-investor-sells-entire-stake-dbbl-1822279 |access-date=2023-03-30 |work=The Daily Star |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022058/https://www.thedailystar.net/business/news/dutch-investor-sells-entire-stake-dbbl-1822279 |url-status=live }} DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.{{cite book |last=Mazid |first=Muhammad Abdul |year=2012 |chapter=Dutch-Bangla Bank Limited |chapter-url=http://en.banglapedia.org/index.php?title=Dutch-Bangla_Bank_Limited |editor1-last=Islam |editor1-first=Sirajul |editor1-link=Sirajul Islam |editor2-last=Jamal |editor2-first=Ahmed A. |title=Banglapedia: National Encyclopedia of Bangladesh |edition=Second |publisher=Asiatic Society of Bangladesh |archive-date=2016-04-01 |access-date=2016-05-09 |archive-url=https://web.archive.org/web/20160401132746/http://en.banglapedia.org/index.php?title=Dutch-Bangla_Bank_Limited |url-status=live }}
In November 2007, Md Yeasin Ali was reappointed managing director of Dutch-Bangla Bank Limited.{{Cite news |title=DBBL MD reappointed |url=https://archive.thedailystar.net/newDesign/cache/cached-news-details-11148.html |access-date=2023-03-30 |work=The Daily Star}}
Robbers in Gazipur stole 12 million BDT from an ATM of Dutch-Bangla Bank.{{Cite news |date=2016-03-03 |title=Tk 1.2cr looted from DBBL ATM booth in Gazipur |url=https://www.thedailystar.net/city/tk-12cr-looted-dbbl-atm-booth-gazipur-785680 |access-date=2023-03-30 |work=The Daily Star |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022126/https://www.thedailystar.net/city/tk-12cr-looted-dbbl-atm-booth-gazipur-785680 |url-status=live }} Abul Kashem Md Shirin was appointed managing director of Dutch-Bangla Bank replacing KS Tabrez in November 2016.{{Cite news |date=2016-11-02 |title=Shirin new CEO of Dutch-Bangla Bank |url=https://www.thedailystar.net/business/shirin-new-ceo-dutch-bangla-bank-1308160 |access-date=2023-03-30 |work=The Daily Star |language=en}}
In June 2019, a group of foreign hackers stole 1.6 million BDT from ATMs of Dutch-Bangla Bank in Dhaka.{{Cite news |date=2019-06-11 |title=9 DBBL ATMs victims of int'l fraud gang |url=https://www.thedailystar.net/frontpage/9-dutch-bangla-bank-atms-victim-of-international-fraud-gang-1755148 |access-date=2023-03-30 |work=The Daily Star |language=en}} In June, it emerged that the bank lost 3 million USD to cyberattacks which also targeted NCC Bank Limited, and Prime Bank Limited.{{Cite news |last=Rahman |first=Sajjadur |date=2019-06-22 |title=Three banks hit by cyberattacks |url=https://www.thedailystar.net/frontpage/news/three-banks-hit-cyberattacks-1760629 |access-date=2023-03-30 |work=The Daily Star |language=en}} In July, Abedur Rashid Khan, a director of Dutch-Bangla Bank Limited, transferred his shares of bank to Horizon Associates.{{Cite news |date=2019-07-29 |title=DBBL sponsor transfers his entire shares |url=https://www.thedailystar.net/business/news/dbbl-sponsor-transfers-his-entire-shares-1778515 |access-date=2023-03-30 |work=The Daily Star |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022100/https://www.thedailystar.net/business/news/dbbl-sponsor-transfers-his-entire-shares-1778515 |url-status=live }} The Netherlands Development Finance Company sold their entire stake in Dutch-Bangla Bank in November 2019.
Detective Branch arrested four people, including an IT personnel of Dutch-Bangla Bank Limited, for embezzling 25.7 million BDT from the bank in June 2021.{{Cite news |date=2021-06-16 |title=Tk 2.57cr embezzled from DBBL; IT officer who led racket fled country |url=https://www.thedailystar.net/crime/news/tk-257cr-embezzled-dbbl-it-officer-who-led-racket-fled-country-2112241 |access-date=2023-03-30 |work=The Daily Star |language=en}}{{Cite news |date=2021-06-17 |title=4 arrested for siphoning Tk 2.57cr through bank's ATM |url=https://www.thedailystar.net/city/news/bank-it-officer-arrested-siphoning-tk-257cr-2112569 |access-date=2023-03-30 |work=The Daily Star |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022051/https://www.thedailystar.net/city/news/bank-it-officer-arrested-siphoning-tk-257cr-2112569 |url-status=live }}
In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market.{{Cite news |last=Uddin |first=AKM Zamir |date=2022-09-27 |title=9 banks hold over 60% of excess liquidity |url=https://www.thedailystar.net/business/banking/news/9-banks-hold-over-60-excess-liquidity-3129281 |access-date=2023-03-30 |work=The Daily Star |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022051/https://www.thedailystar.net/business/banking/news/9-banks-hold-over-60-excess-liquidity-3129281 |url-status=live }}
In March 2023, 112.5 million BDT from a transport van of the bank in Uttara Model Town.{{Cite news |title=Tk11.25cr looted from DBBL armoured car |url=https://www.risingbd.com/english/national/news/94125 |access-date=2023-03-30 |work=Risingbd.com |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022059/https://www.risingbd.com/english/national/news/94125 |url-status=live }}{{Cite news |title=Police retrieve part of Tk 112m Dutch Bangla Bank funds robbed from van in Uttara |url=https://bdnews24.com/bangladesh/t0g9loth9f |access-date=2023-03-30 |work=bdnews24.com |language=en |archive-date=2023-03-30 |archive-url=https://web.archive.org/web/20230330022051/https://bdnews24.com/bangladesh/t0g9loth9f |url-status=live }} An agent banker of Dutch-Bangla disappeared from Kishoreganj District with 200 million BDT in clients money.{{Cite news |title=DBBL agent disappears with Tk 200m from clients in Kishoreganj |url=https://en.prothomalo.com/bangladesh/local-news/g3m2cjuhlx |access-date=2023-03-30 |work=Prothom Alo |language=en}}
ATM network/DBBL Nexus participating banks
Image:Dutch Bangla Bank ATM.jpeg
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.{{cite news |title=DBBL branches to reach 79, ATMs 850 by yr-end
|url=http://www.thefinancialexpress-bd.com/2009/09/29/80133.html |newspaper=Financial Express |archive-url=https://web.archive.org/web/20110421075617/http://www.thefinancialexpress-bd.com/2009/09/29/80133.html |archive-date=2011-04-21 |access-date=2 September 2009}} On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong.{{cite news |title=DBBL's ATM taps 1000 |url=http://www.dhakamirror.com/business/dbbl%E2%80%99s-atm-taps-1000/ |newspaper=Dhaka Mirror |date=2016-08-05 |archive-date=2016-06-03 |access-date=2016-05-09 |archive-url=https://web.archive.org/web/20160603003858/http://www.dhakamirror.com/business/dbbl%E2%80%99s-atm-taps-1000/ |url-status=live }}
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.{{cite web|url=http://thehungrycoder.com/general/dbbl-introduced-internet-payments-in-bangladesh.html|title=DBBL Introduced Internet Payments in Bangladesh|date=2010-06-08|website=The HungryCoder|language=en-US|access-date=2016-05-09|archive-date=2016-05-23|archive-url=https://web.archive.org/web/20160523081940/http://thehungrycoder.com/general/dbbl-introduced-internet-payments-in-bangladesh.html|url-status=usurped}}
Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.{{cite web|url=https://www.dutchbanglabank.com/nexuspay/nexusPay-home.html|title=DBBL Introduced Nexus Pay Application.|date=2019-01-01|website=DBBL Nexus Pay|language=en-US|access-date=2019-10-16|archive-date=2019-10-16|archive-url=https://web.archive.org/web/20191016125554/https://www.dutchbanglabank.com/nexuspay/nexusPay-home.html|url-status=live}}
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.{{cite news |title=Tk 31 lakh Dutch-Bangla aid for acid, dowry victims |url=http://archive.thedailystar.net/2006/04/06/d60406061477.htm |newspaper=The Daily Star |access-date=2016-05-09}}{{cite news |title=Dutch-Bangla Bank distributes blankets |url=http://archive.thedailystar.net/2003/12/23/d31223100473.htm |newspaper=The Daily Star |access-date=2016-05-09}}{{cite news |title=Tk 4 crore Dutch-Bangla donation for Cancer Hospital |url=http://archive.thedailystar.net/2004/07/13/d40713100689.htm |newspaper=The Daily Star |access-date=2016-05-09}}{{cite news |title=Dutch-Bangla Bank stands by acid victims, divorcees |url=http://archive.thedailystar.net/2005/04/03/d50403061280.htm |newspaper=The Daily Star |access-date=2016-05-09 |archive-date=2016-05-09 |archive-url=https://web.archive.org/web/20160509100231/http://archive.thedailystar.net/2005/04/03/d50403061280.htm |url-status=live }}
References
{{reflist}}
{{Portal|Banks}}
{{Banks in Bangladesh}}
Category:Banks established in 1996