 | Report Broken URL |  |  | Agrani Bank | |  | | |  | Agrani Bank, a leading nationalized commercial bank with 870 outlets strategically located in almost all the commercial areas throughout Bangladesh, overseas Exchange Houses and hundreds of overseas Correspondents, came into being on March 26, 1972 with the promulgation of Presidential Order no 26 of 1972. Under the Order Agrani Bank took over assets and liabilities of the erstwhile Habib Bank Ltd. and Commerce Bank Ltd. functioning in the then East Pakistan.
The Bank enjoys the status of a company and functions in terms of the Banking Company Ordinance and regulations of Bangladesh Bank (the Central Bank) and upon such directions as may be changed from time to time by the Government of the People's Republic of Bangladesh.
The Bank, in 1972, started operation with only 249 branches with its Head Office in Dhaka. There was hardly any liquid asset to run the operation of the Bank smoothly. The Bank resumed its operational activities with an authorized capital of Tk. 5.00 crore and paid-up capital of Tk. 1.00 crore. Initially the Bank had deposit of Tk. 96.17 crore, advances of Tk. 76.56 crore, borrowings of Tk. 29.48 crore and investment of Tk. 11.00 crore. The Bank had commercial relationship with only 41 overseas correspondents in 1972.
As on Dec, 2004 the Bank has 870 Branches. Authorized capital of Agrani Bank stands at Tk. 800.00 crore and Paid-up captal at Tk. 248.42 crore at the end of 2003. Besides commercial relationship with 399 overseas correspondents Agrani Bank has also Special Taka Drawing Arrangements with 20 Exchange Houses including Agrani Exchange House Pte. Ltd. in Singapore, a subsidiary company fully owned by Agrani Bank. |
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