Question 1

What is Midland Bank?

Accepted Answer

Midland Bank Limited is a fourth-generation private commercial bank in Bangladesh. Established in 2013, it operates as a scheduled commercial bank offering comprehensive banking services to retail, corporate, and SME customers across the country. The bank pursues an "inclusive growth" strategy, aiming to provide accessible financial services to diverse customer segments.

Question 2

When was Midland Bank founded?

Accepted Answer

Midland Bank Limited was incorporated on March 20, 2013, under the Companies Act 1994. The bank received its banking license from Bangladesh Bank on April 9, 2013, and commenced commercial operations on June 20, 2013, starting with its Dilkusha Corporate Branch in Dhaka. The bank was one of nine fourth-generation banks approved by Bangladesh Bank during this period.

Question 3

Where is Midland Bank headquartered?

Accepted Answer

Midland Bank is headquartered at N.B. Tower (Levels 6-9), 40/7 Gulshan Avenue, Gulshan-2, Dhaka. The registered office is located in the Gulshan business district, one of Dhaka's premier commercial areas.

Question 4

Where does Midland Bank operate?

Accepted Answer

Midland Bank operates 24 branches across Bangladesh, including 12 rural branches, along with 26 ATM centers strategically positioned throughout the country. The bank's network spans major cities and rural areas, providing accessible banking services to customers nationwide. The head office in Gulshan, Dhaka, coordinates operations across all branches.

Question 5

What services does Midland Bank offer?

Accepted Answer

Midland Bank provides comprehensive commercial banking services including savings and current accounts, fixed deposits, consumer loans, home loans, car financing, SME financing, trade finance, and money market operations. The bank offers digital banking services through Midland Online, which was enhanced during the COVID-19 pandemic to provide expanded online services. Additional services include investment banking activities, financial intermediary services, prepaid cards (available in local currency and US dollars), and participation in Bangladesh's electronic funds transfer networks (BACH, BEFTN).

Question 6

What makes Midland Bank unique?

Accepted Answer

Midland Bank distinguishes itself through its partnership with Mastercard, establishing itself as a Mastercard-affiliated member authorized to issue Mastercard credit cards. In June 2021, Bangladesh Bank included Midland Bank in its Interoperable Digital Transaction Platform and Bangladesh Electronic Funds Transfer Network, enabling enhanced digital payment capabilities. The bank also operates a subsidiary, Midland Bank Asset Management Company Ltd, expanding its financial services portfolio.

Question 7

What type of financial institution is Midland Bank?

Accepted Answer

Midland Bank Limited is a scheduled commercial bank in Bangladesh, operating as a private sector bank. It is structured as a public limited company and holds a full commercial banking license from Bangladesh Bank. As a fourth-generation bank, it represents the newer wave of private commercial banks established in Bangladesh during the 2010s.

Midland Bank

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About Midland Bank in Bangladesh