Question 1

What is Agrani Bank?

Accepted Answer

Agrani Bank is a state-owned commercial bank of Bangladesh and one of the country's largest banking institutions. Established in 1972, Agrani Bank operates as a public limited company fully owned by the Government of Bangladesh. The bank is headquartered in Motijheel, Dhaka, and serves over 130,000 customers through an extensive network of branches, exchange houses, and correspondent banking relationships.

With a balance sheet exceeding Tk 1 trillion and more than 11,000 employees, Agrani Bank plays a crucial role in Bangladesh's financial system, providing comprehensive banking services to individuals, businesses, and government entities across the country.

Question 2

When was Agrani Bank founded?

Accepted Answer

Agrani Bank was established on March 26, 1972, following the Bangladesh Banks (Nationalization) Order 1972 under President's Order No. 26. The bank was created by combining two abandoned Pakistani banks—Commerce Bank Limited and Habib Bank Limited—after Bangladesh gained independence.

M. Fazlur Rahman served as the first managing director of the newly established bank. On May 17, 2007, Agrani Bank was corporatized and transformed into a public limited company, emerging as Agrani Bank Limited (later Agrani Bank PLC) while taking over the assets, liabilities, rights, and obligations of the original nationalized bank. The authorized capital was set at Tk 8 billion (later increased to Tk 25 billion).

Question 3

Where is Agrani Bank headquartered?

Accepted Answer

Agrani Bank is headquartered at 9/D Dilkusha Commercial Area, Motijheel, Dhaka 1000, Bangladesh. Motijheel is Dhaka's primary commercial and financial district, positioning the bank at the heart of Bangladesh's banking sector.

The head office includes 34 divisions managing various aspects of the bank's operations across Bangladesh and internationally.

Question 4

Where does Agrani Bank operate?

Accepted Answer

Agrani Bank operates throughout Bangladesh through a comprehensive network of 960 branches (as of 2020) including 27 corporate branches and 40 authorized dealer (AD) branches for foreign exchange operations. The bank maintains 11 Circle offices and 62 zonal offices coordinating regional operations across all divisions of Bangladesh.

Internationally, Agrani Bank has established remittance houses in Singapore, Malaysia, and Canada through wholly-owned subsidiaries including Agrani Exchange House Pte. Limited in Singapore, Agrani Remittance House SDN. BHD. in Malaysia, and Agrani Exchange House (Canada) Inc. The bank maintains correspondent banking relationships with over 346 financial institutions worldwide, facilitating international trade and remittance services for Bangladeshi expatriates.

Question 5

What services does Agrani Bank offer?

Accepted Answer

Agrani Bank provides comprehensive commercial banking services including various deposit accounts (call deposits, term deposits, savings accounts), loans and advances across multiple sectors (agriculture, industry, trade and commerce, construction, transport, poverty reduction), and specialized credit programs for agricultural development and industrial growth.

The bank offers international banking services including import and export financing, foreign exchange trading, international remittance collection, and trade finance solutions. Agrani Bank operates an Off-shore Banking Unit at Chittagong EPZ Branch, handling foreign currency transactions under Bangladesh Bank guidelines. The bank also operates five Islamic Banking Windows located at Motijheel Branch, Gulshan Branch, Agrabad Branch, Laldighipar Branch, and Maizdee Court Branch, providing Shariah-compliant banking services.

Additional services include inland travelers cheques, pension funds, industrial development bonds, inland remittance, bill acceptance and discounting, and school banking schemes. Agrani Bank was the first bank in Bangladesh to install an automated teller machine (ATM) at the Jatiya Press Club in 1995. The bank served as the sole supplier of foreign exchange to the Padma Bridge construction project, paying over $1.2 billion to suppliers and contractors.

Question 6

What makes Agrani Bank unique?

Accepted Answer

Agrani Bank holds historical significance as one of the first banks established in independent Bangladesh, playing a foundational role in the country's post-independence financial development. The bank pioneered ATM technology in Bangladesh in 1995, demonstrating early adoption of banking innovation.

As a state-owned institution, Agrani Bank serves strategic national interests including major infrastructure projects like the Padma Bridge. The bank's extensive branch network of 960 locations provides one of the widest reaches in Bangladesh, serving both urban centers and rural areas. Agrani Bank maintains domestic subsidiaries (Agrani Equity and Investment Limited, Agrani SME Financing Company Limited) and international remittance operations supporting millions of Bangladeshi expatriate workers globally.

Question 7

What type of financial institution is Agrani Bank?

Accepted Answer

Agrani Bank is a State-Owned Commercial Bank (Nationalized Commercial Bank) in Bangladesh, operating as a public limited company under the Companies Act 1994. The bank is fully owned by the Government of the People's Republic of Bangladesh, with nine other shareholders nominated by the government.

As a nationalized commercial bank, Agrani Bank serves both commercial banking functions and development objectives aligned with government priorities. The bank is governed by a Board of Directors consisting of 12 members headed by a Chairman, and operates under the regulatory supervision of Bangladesh Bank, the central bank of Bangladesh. The bank's public ownership structure enables it to support critical national development initiatives while providing comprehensive commercial banking services to all sectors of the economy.

Agrani Bank

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About Agrani Bank in Bangladesh