Bangladesh Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry.
Rajshahi Krishi Unnayan Bank is the other state owned agriculture bank in Bangladesh.
History
Bangladesh Krishi Bank was established in 1973.
Bangladesh Krishi Bank is one of seven state owned banks in Bangladesh. In 2006, the bank was ordered to ensure 2 per cent interest on loans to farmers. On 16 November 2006, M Fazlul Haque was appointed managing director of the Bank.
On 30 January 2008,
Khondkar Ibrahim Khaled was appointed chairman of the Bangladesh Krishi Bank and Md Mukter Hussain was appointed the managing director of Bangladesh Krishi Bank. In 2009, it had 952 branches which is the highest number of branches for banks in Bangladesh.
The bank was asked to stop providing loans to non-agricultural purposes.
The Bank provided 19.26 billion taka loans for non-agricultural purposes from 2010 to 2013.
In December 2014, four Bangladesh Krishi Bank officials have faced investigations from the
Anti-Corruption Commission.
The four were accused of providing a fraudulent loan to restaurateur Wahidur Rahman, owner of Firoz Group, for 1.52 billion taka.
In 2015, the Bangladesh Krishi Bank incurred a loss of 1589.3 million taka. The Bank worked with the
Department of Agricultural Extension
Department of Agricultural Extension ( bn, কৃষি সম্প্রসারণ অধিদপ্তর) is a government department responsible for agricultural research in Bangladesh. It is located in Dhaka.
History
The Agriculture Dire ...
in
Netrokona District
Netrokona ( bn, নেত্রকোণা) is a district of the Mymensingh Division in northern Bangladesh.
Etymology
The headquarters of Netrokona District was located at the end of the Mogra River and was called Natorkona. Many people believe ...
to provide loans to Boro rice Cultivators. The
Moulvibazar branch of the bank was robbed of over 600 thousand taka.
On 23 November 2016, Muhammad Awal Khan was appointed managing director of Bangladesh Krishi Bank.
In November 2017, Anti Corruption Commission sued six including three officers of the bank for embezzling 4.3 billion taka with the owners of M/S RN Sweaters.
Anti-Corruption Commission sued 6 officials of Bangladesh Krishi Bank and Wahidur Rahman in August 2018 for embezzling 1.52 billion taka from 2009 to 2013.
Justices
M Enayetur Rahim
M Enayetur Rahim is a justice on the Appellate Division (Bangladesh), Appellate Division of Bangladesh Supreme Court. Earlier, he was justice of the High Court Division, Bangladesh Supreme Court. He also served as the chairman of the International ...
and
Sardar Md Rashed Jahangir asked the bank to explain why the bank had waived 480 taka interest on a loan to businessman and Bangladesh Nationalist Party politician Abbas Ali in May 2021. It was one of nine banks making a loss in the first quarter of 2021 in Bangladesh.
It had the highest loss at 7.74 billion taka.
The other banks were
BASIC Bank Limited
BASIC Bank Limited (founded as Bangladesh Small Industries and Commerce Bank) is a fully government owned bank in Bangladesh which was founded on 2 August 1988. The bank was founded to finance small enterprises. Abul Hashem is chairman of the ban ...
,
Bangladesh Commerce Bank Limited,
Bangladesh Development Bank,
ICB Islamic Bank,
Meghna Bank,
NRB Bank,
Padma Bank Limited, and
Rajshahi Krishi Unnayan Bank.
On 16 August, Shirin Akhter was appointed managing director of the bank. After Shirin retired, she joined the
Karmasangsthan Bank
Karmasangsthan Bank () () is a specialised government owned bank in Bangladesh. The bank was founded to finance the unemployed to set up small enterprises. Ansar-VDP Unnayan Bank and the Probashi Kallyan Bank are two specialised banks like the K ...
in December 2021.
Bangladesh Krishi Bank asked for deposits from State owned enterprises. In June 2022, it had the highest capital shortfall in Bangladesh with 128.77 billion taka. It received an appreciation letter for distributing loans from the Bangladesh Bank. The Bank donated 10 million taka to the relief fund of Prime Minister
Sheikh Hasina.
Board of directors
References
External links
BB intelligence digs into traffickers’ bank accounts.Accumulated bad loans of 56 banks in Bangladesh over Tk 546.57 billion
{{Banks in Bangladesh
Banks of Bangladesh
Companies listed on the Dhaka Stock Exchange
Banks established in 1973
Agriculture in Bangladesh
Agricultural finance