// Workers AI · dad joke modeWhy Midland Bank go to doctor? Had a little "withdrawal" symptom.
 | |
| Type | Public limited company |
|---|---|
| Industry | Banking |
| Founded | 2013 |
| Headquarters | Dhaka, Bangladesh |
Area served | Bangladesh |
Key people | [1][2] |
| Services | Banking Financial services |
| Website | www |
Midland Bank PLC. is a fourth generation private commercial bank in Bangladesh.[3] Ahsan Khan Chowdhury is chairman of the bank.[4] Imtiaz U. Ahmed is the managing director and CEO of Midland Bank PLC.[5]
History
[edit]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]
Board of directors
[edit]| Sl # | Name | Designation | Reference |
|---|---|---|---|
| 1 | Ahsan Khan Chowdhury | Chairman | [21] |
| 2 | Md. Shamsuzzaman | Vice Chairman | [21] |
| 3 | Master Abul Kashem | Director | [21] |
| 4 | Rezaul Karim | Director | [21] |
| 5 | A.K.M. Badiul Alam | Director | [21] |
| 6 | Hafizur Rahman Sarker | Director | [21] |
| 7 | Dr. Mostafizur Rahman | Director | [21] |
| 8 | Shahnaj Parveen | Director | [21] |
| 9 | Mohammed Jamal Ullah | Director | [21] |
| 10 | Alhaj Mohammad Helal Miah | Director | [21] |
| 11 | Md. Kamal Hossain | Director | [21] |
| 12 | Riaz Ahmed Choudhury | Independent Director | [21] |
| 13 | Imtiaz U. Ahmed | Managing Director & CEO | [21] |
References
[edit]
- ↑ "AHSAN KHAN CHOWDHURY ELECTED CHAIRMAN OF MIDLAND BANK PLC". midlandbankbd.net. Retrieved 15 July 2026.
- ↑ "MIDLAND BANK PLC. APPOINTS MR. IMTIAZ U. AHMED AS NEW MANAGING DIRECTOR & CEO TO LEAD NEXT PHASE OF GROWTH". midlandbankbd.net. Retrieved 15 July 2026.
- ↑ "Midland Bank opens branch in Sylhet". Dhaka Tribune. 21 January 2018. Retrieved 24 June 2022.
- ↑ "AHSAN KHAN CHOWDHURY ELECTED CHAIRMAN OF MIDLAND BANK PLC". midlandbankbd.net. Retrieved 15 July 2026.
- ↑ "MIDLAND BANK PLC. APPOINTS MR. IMTIAZ U. AHMED AS NEW MANAGING DIRECTOR & CEO TO LEAD NEXT PHASE OF GROWTH". midlandbankbd.net. Retrieved 15 July 2026.
- ↑ "MDB Profile – Midland Bank Ltd". midlandbankbd.net. Retrieved 24 June 2022.
- ↑ "Does Bangladesh need more banks?". Dhaka Tribune. 1 November 2017. Retrieved 24 June 2022.
- ↑ "Midland Bank to raise Tk 70 crore thru IPO". New Age. Retrieved 24 June 2022.
- 1 2 "Md Ahsan-uz Zaman reappointed as Midland Bank managing director". The Daily Star. 26 July 2020. Retrieved 24 June 2022.
- ↑ "Nine fourth generation banks continue to bleed". Dhaka Tribune. 1 November 2018. Retrieved 24 June 2022.
- 1 2 Hasan, Mahmudul (20 June 2021). "Midland Bank riding on digital tech for steady growth". The Daily Star. Retrieved 24 June 2022.
- ↑ "Midland Bank re-elects chair, elects vice chair". The Daily Star. 25 September 2020. Retrieved 24 June 2022.
- ↑ "Midland Bank launches self-registration for its Internet Banking Application". The Financial Express. Retrieved 24 June 2022.
- ↑ "Some of Bangladeshi private banks make better operating profit". The Financial Express. Retrieved 24 June 2022.
- ↑ "Midland Bank, USHA Foundation disburses loans to Narayanganj's Jamdani cluster". The Daily Star. 13 June 2022. Retrieved 24 June 2022.
- ↑ "Midland Bank distributes CMSME Stimulus Loan in Narayanganj's Jamdani Cluster". The Business Standard. 8 June 2022. Retrieved 24 June 2022.
- ↑ "BSEC asks 5 more banks to go public". Dhaka Tribune. 20 February 2022. Retrieved 24 June 2022.
- ↑ "Midland Bank to go public". The Financial Express. Retrieved 24 June 2022.
- ↑ "Midland Bank issues rejoinder". Dhaka Tribune. 1 April 2021. Retrieved 24 June 2022.
- ↑ "Anwar Ispat swindles Tk 50cr out of Midland Bank". Priyo.com. Retrieved 24 June 2022.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 "Board of Directors – Midland Bank PLC". Retrieved 15 July 2026.