December 31, 2007
AB Bank launches new logo

Kaiser A. Chowdhury, Managing Director and President of the bank unveiled its new logo

AB Bank, the first private commercial bank in the country, has launched its new logo with a renewed pledge to provide its clients better service.

"The new logo in scarlet red is a major shift from the old olive green colour. Red symbolises rebirth and rejuvenation," said Kaiser A Chowdhury Managing Director and President of the bank while announcing the new road map for the bank at the unveiling ceremony of the logo at the Bangladesh-China Friendship Center in the city on Monday.

Highlighting the vision of the bank that turned 25 this year Kaiser said, 'Time has now arrived for AB to look forward and to greet the decades in-waiting with a new look with a fresh appearance donning a new attire.'

Explaining the meaning of the new logo, he said, "The coat of arms of the new logo is inspired by traditional 'shital paati' or 'sleeping mat'. The knit and the pattern of interlace in the new logo that echoes the intricate weave of shital paati symbolises bonding."

This bonding reflects the new sprit of AB Bank, he added.

Founded on 12th April, 1982, AB Bank is celebrating its silver jubilee with 81 branches spread all over the country. AB Bank earlier this year assumed a new name AB Bank instead of Arab Bangladesh Bank.

November 27, 2007
JV Agreement - AB, Euronet and Networld

EFT agreement

AB Bank Ltd, Networld Bangladesh Ltd and Euronet Worldwide Inc., a NASDAQ listed company’s  subsidiary – EFT Services Holding BV have signed a joint venture agreement for setting up a company to provide an electronic fund transfer and payment system network in Bangladesh. The joint venture company will be known as CASHLINK BANGLADESH LTD and is expected to commence operations in early 2008.

This joint venture is expected to provide significant benefit to banking customers across the country through the creation of a state-of-the-art network of 500 ATMs and 10,000 POS devices in the country in the coming years.

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. Euronet serves clients in approximately 130 countries. Networld Bangladesh Ltd is a company engaged in the business of information communication technology products.