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Bangladesh Development Bank PLC.

Type	State-owned bank, Public Limited Company
Industry	Development Bank Bank Capital Markets and allied industries
Founded	Dhaka, 16 November 2009
Number of locations	51
Key people	Ahmed Ismat (Chairman) Md Jashim Uddin(MD & CEO)
Products	Retail banking, private banking, corporate banking, deposits, mortgage loan, savings scheme, Sanchay Scheme, trade and retail forex
Total assets	৳64.57 billion (US$530 million)
Number of employees	About 651
Parent	Government of Bangladesh (100%)
Subsidiaries	BDBL Securities Limited (BSL) BDBL Investment Services Limited (BISL)
Website	bdbl.com.bd

Bangladesh Development Bank PLC. (Bengali: বাংলাদেশ ডেভেলপমেন্ট ব্যাংক পিএলসি.) is a state-owned commercial bank in Bangladesh. The Bangladesh Development Bank Limited (BDBL), a public limited company, was formally established on January 3, 2010. It extends financial assistance for setting up industries and provides commercial banking services to its customers through its branch network in Bangladesh.

Formation of Bangladesh Development Bank PLC

With the decision of the Bangladesh government, the Bangladesh Development Bank Limited (BDBL) was incorporated on 16 November 2009 as a Public Company Limited by shares under the Companies Act 1994 by the merging of the former Bangladesh Shilpa Bank (BSB), and the Bangladesh Shilpa Rin Sangstha (BSRS), which are two Development Financial Institutions (DFIs) in the public sector.

The Bangladesh Shilpa Bank (BSB), established on 31 October 1972, was tasked with increasing the industrial pace of the country by providing loans and equity to upcoming industrial projects, which was put into force via the President's Order 129 of 1972.^[1]

Following the same premise, the Bangladesh Shilpa Rin Sangstha (BSRS) was also established on the same day via the President's Order 128 of 1972.^[2]

In order to carry on the business of BDBL, Bangladesh Bank issued a banking license for BDBL on 19 November 2009. Following this, two Vendors' Agreements were signed between the Government of the People's Republic of Bangladesh and the BDBL on 31 December 2009 to acquire and merge all of the BSB and BSRB's assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations and to carry on with their duties.

As a Public Limited Company, BDBL started its services on January 3, 2010. It extends financial assistance for setting up industries and provides all kinds of commercial banking services to its customers through its branch network in Bangladesh.^[3]

Services

The bank currently provides a diverse range of services, which are as follows:

1. Commercial Banking
2. Foreign Trade

Within foreign trade, BDBL also offers:

1. Export Cash Credit and Packing Credits
2. Purchase of Documentary Bills (local and foreign)
3. Payment against Bill Dues
4. Import Trade Loans, Loans against Trust Receipts
5. Foreign Exchange Business
6. Local Letters of Credit
7. Import local Letters of Credit / Export Bill Collection / Back to Back Letters of Credit
8. Foreign Remittance Services

BDBL also serves as a major development partner to both the public and private financial sectors by providing long, medium and short-term loans. Additionally, it also offers services such as industrial loans, equity capital supply programs, capital market participation, loan recovery incentives, rehabilitation programs, and capital mobilization for loan investments.^[4]

BDBL also supports Public-Private Partnership projects for sectors such as power, energy and telecommunications, as well as within government projects such as development of ports and transport and renewable energy infrastructure. It has also financing options for SMEs, loans for agro-based entrepreneurs and green banking initiatives.^[5]

Branches

BDBL currently has 51 banking branches across the country. The bank provides all types of commercial banking services to its customers through its 51 branch network within the country. The latest is the 51st branch of BDBL in Chitalmari Branch, Bagerhat, which was inaugurated on 16 January 2025.^[6] Bangladesh Development Bank PLC (BDBL) also operates its banking operations online through its Mobile App and Internet Banking services.^[5]

Technological Banking

Since July 2015, the Bangladesh Development Bank Limited (BDBL) has implemented the Core Banking System (CBS) to centralize banking transactions and overall operations. This system enables seamless transactions from any BDBL branch through the core banking software. Additionally, two types of inter-bank transactions are facilitated:

1. Bangladesh Automated Check Clearing House (BACH): This system handles the clearing and settlement of inter-bank checks.

2. Bangladesh Electronic Fund Transfer Network (BEFTN): Also known as the 'Electronic Fund Transfer System,' this network enables nationwide inter-bank debit and credit transactions. These transactions are processed easily, quickly, and free of charge from any bank branch.

BDBL is also the first government bank to connect with the National Payment Switch Bangladesh (NPSB), enabling users to transfer funds instantly and conveniently.^[7]

Achievements

In 2014, BDBL won two awards (from ICAB and ICMAB in recognition of corporate governance) for presenting the best annual report. Bangladesh Development Bank Limited (BDBL) was also ranked 2nd in the government bank category.^[8]

Board of directors

See also

• List of national development banks
• List of banks in Bangladesh

References