September 3, 2008
AB Bank syndicates Tk 920m to Venture Energy Resources Ltd.

AB Bank arranged a syndicated term loan of Tk 920m for Venture Energy Resources Ltd. to set up a power plant at Bhola and sell 34.50 MW electricity to Bangladesh Power Development board. Infrastructure Development Company Limited was the co-arranger of the syndication. The other participating banks and financial institutions are Bangladesh Commerce Bank, Mutual Trust Bank, National Bank, Pubali Bank, Saudi Bangladesh Industrial and Agricultural Investment Company, and Uttara Bank. The agreement was signed at a local hotel in Dhaka on August 31, where Kaiser A Chowdhury, President and Managing Director of AB Bank, Vice Chairman of Venture Energy Resources Ltd. Arifur Rahman Sinha and managing directors and senior executives of other participating lenders were present.

September 2, 2008
AB Bank lends Tk. 1.81b to Ananda Shipyard

AB Bank has signed a Tk. 1.81b loan facility agreement with Ananda Shipyard and Slipways Ltd. (ASSL) on Thursday at the Banks’s corporate head office in Dhaka. ASSL, the largest shipyard in the private sector in Bangladesh, has undertaken an US$12.50 million shipyard expansion project. With the completion of the expansion programme, expected to be done by February 2009, the shipyard’s output will reach to 30000 tonnes from existing 10000 tonnes. Currently ASSL has export orders of 22 vessels worth of US $ 150m. Out of them one ship has already been handed over to its German buyer, six more are expected to be delivered to Ministry of Transportation and Communication, Govt. of Republic of Mozambique by September 2008 and the rest by 2012. With global rise in the demand for new ships, especially smaller ones with a capacity below 15,000 dead weight tons (DWT), Bangladesh has immense potential to earn billions of foreign currency. As traditional shipbuilding countries such as Japan, China, South Korea and Vietnam are no longer interested in building ships less than 20,000 DWT Bangladesh has come to international attention for shipbuilding option. President and Managing Director of AB Bank Kaiser A. Chowdhury and ASSL group Managing Director Afruja Bari signed the agreement on behalf of their respective companies. Chairman of ASSL Dr. Abdullah Bari, Deputy Managing Directors of AB Bank Niaz Habib and Faruq M Ahmed were present during the signing ceremony. Senior official of both the companies were also present at the signing ceremony.

August 27, 2008
AB Bank syndicates Tk 126 crore for Esquire Group

AB Bank arranged a syndicated term loan of Tk 126 crore for Esquire Group to set up a Tk 180 crore chemical plant in Gojaria, Munshiganj. The other participating banks and financial institutions are Bank Asia Ltd, Bangladesh Commerce Bank Ltd, LankaBangla Finance, Mutual Trust Bank, ONE Bank, Phoenix Finance and Investment, Pubali Bank, Saudi Bangladesh Industrial and Agricultural Investment Company (SABINCO), Southeast Bank, and The City Bank. The agreement was signed in Dhaka on August 19, when Kaiser A Chowdhury, managing director of AB Bank, managing directors and senior executives of other participating lenders were present. ECIL officials said the company wants to produce 20,000 tonnes of Hydrogen per Oxide annually with the completion of the project next year. The chemical is used as a bleaching or cleaning agent in textile, dyeing, pulps and paper industries. Industry people said a new plant to manufacture the chemical would reduce the country's dependency on the import of the product.

August 10, 2008
AB participats in the Bank and Non Bank Financial Institutions Fair 2008

Dr. Hossain Zillur Rahman, Honorable Advisor, Ministry of Commerce and Education and Dr. Salehuddin Ahmed, Governor, Bangladesh Bank pay a visit to AB Bank stall on the inaugural day at the three-day Bank and Non Bank Financial Institutions Fair 2008 held at Dhaka Sheraton. The Fair ended on Saturday, August 9, 2008.

July 17, 2008
AB declares 200 percent stock dividend

AB Bank Limited has declared a 200 percent stock dividend to its Shareholders at the Bank's 26th Annual General Meeting held at Bangladesh-China Friendship Conference Centre on Wednesday, July 16, 2008.

A first in private sector banking, AB turned 26 this year with a marked overall growth. The Bank registered an Operating Profit of Tk. 332.53 crore in 2007 which is more than three and a half times compared to last year. An all round growth has also been the hallmark for the year 2007. Operating Income in the last year has been Tk. 465.66 crore thereby exceeding the previous year's income by Tk. 200.64 crore and in the process recording a growth of 75.71 percent. Net Interest Income also registered an increase of 133.84 percent over the preceding year. Total Assets of the Bank at the end of 2007 stands at Tk. 6,354.99 crore as against Tk. 4,798.93 crore in 2006 registering a growth of 32.43 percent. The growth of Earning Per Share has been healthy in 2007. The Earning Per Share stands at Tk. 256.10 compared to Tk. 93.08 of the previous year.

The Bank has been awarded a sound credit rating for 2007. The Credit Rating Agency of Bangladesh Limited (CRAB) has assigned A2 rating in the long term and ST-2 in the short term. Performance of the Bank in the International Trade has been noteworthy in 2007. Both Imports and Exports in the year experienced double digit growth keeping in pace with the overall business growth. Imports at the end of the year stands at Tk. 4,844.14 crore while Exports reached Tk. 2,067.66 crore.

The AGM, presided over by the Vice Chairman of the bank, Sajedur Seraj, witnessed a good turn-out of shareholders, patrons, clients and well-wishers. The Directors of the Bank and President and Managing Director Kaiser A. Chowdhury were also present at the Meeting.

July 14, 2008
Islamic Branch Launches 3 New Products

AB Bank Islamic Branch brings three new attractive products in the market on Sunday, July 13. The products specially designed for Islamic banking customers will be popular among its clients. This was expressed by the President and Managing Director of AB Bank Kaiser A. Chowdhury the product launching ceremony held at the Bank’s Islamic Branch at Kakrail.

The new Islamic Banking products are, namely, Mudaraba Millionaire Scheme, Mudaraba Quarterly Profit Scheme and Mudaraba Hajj Deposit Scheme.

AB Bank Islamic Banking Branch also went online yesterday. Vice Chairman of the Bank Sajedur Seraj formally inaugurated the online facilities of the Bank. With the introduction of the new facility AB Bank Islamic Branch is now integrated to the Bank’s online services, as the Branch will have connectivity with seven of its conventional branches across the country.

Members of the board of AB Bank and other senior official of the bank were also present at the launch.

July 02, 2008
Niaz Habib hands away the Seraj Memorial Cricket Tournament 2008

Mr. Niaz Habib, Deputy Managing Director of AB bank Limited, hands away the Seraj Memorial Cricket Tournament 2008 trophy to the captain of the winning team AKM Shamsuzzoha Eleven at Osmani Stadium in Narayangany on June 26.

July 01, 2008
Niaz Habib elected VP of IBA Alumni Association

Mr. Niaz Habib, Deputy Managing Director of AB Bank Limited, has recently been elected Vice President of the IBA Alumni Association.

Nazmul Hassan, chief executive officer of Beximco Pharmaceuticals Ltd (BPL) and secretary general of Bangladesh Association of Pharmaceutical Industries (BAPI), and M Rafiqul Islam, CEO of Management Consulting Group, have been elected president and general secretary of the Association respectively, says a press release.

Other office-bearers of the Executive Committee are Vice President Johra Bebe, Joint Secretary Md Kamrul Ahsan, Treasurer Shariful Moslemin Khan, Organising Secretary M Salahuddin Chowdhury, Seminar Secretary Asif Touhid, Publication Secretary James Jakob Ribero, Cultural and Sports Secretary Afzalul Hasan Khan and Members Syed Monzurul Huq, Neaz Ahmed, Nurul Haq Majumder, M Shakil Wahed, Shoeb Ahmed Masud, Syed Masud Hossain, Masudul Haque Bhuiyan, Sk Shabab Ahmed, Quazi Mahmud Ahmed, Gazi Munir Uddin, Mohammad Emran and Rahat Khan.

June 01, 2008
AB launches new products campaign

AB Banks has launched a basket of ten new distinctive SME and Liability products. This was disclosed at a press conference by President and Managing Director of the Bank Kaiser A. Chowdhury.

Of the ten new products, 7 have been Small and Medium Enterprise (SME) sector and the rest are liability products.

AB bank has continuously given special attention to the SME sector and is expressed committed to further cause this burgeoning sector. The Bank’s pledge to support the SME sector has been well-expressed with its bowl of new SME products. The products are Shathi Reen, Prasar Reen, Uddog Reen, Aparajita Reen, Gati Reen, Digun Reen, and Chhoto Puji Reen. The products have been specifically designed and bear hassle free, easy-to-get, and flexible repayment characteristics.

Considering the need of the customers, AB Bank has also launched deposit products to help the depositors’ money grow. It is felt that these three products will gain popularity among the customers.

Apart from the senior executives of the Bank, Deputy Managing Directors of the Bank Niaz Habib, Shamim A. Chowdhury and Faruq M. Ahmed were also present at the press conference held at the AB Bank’s Corporate Head Office in Dilkusha.

May 13, 2008
AB signed a facility agreement of Tk.955 million with Energypac

The President and Managing Director of the bank Kaiser A. Chowdhury (in black suit) and Energypac Managing Director Enamul Haque Chowdhury exchange documents after signing a facility agreement of Tk. 955m on Tuesday, May 13 at the Corporate office of the bank in Dhaka. During the signing ceremony, among others, Energypac Director and CEO Engr. Rabiul Alam, Corporate Director and CEO Humayun Rashid and Deputy Managing Directors of the bank Niaz Habib, Shamim A. Choudhury and Faruq M. Ahmed were present.

May 11, 2008
Service Excellence Program

AB Bank, in association with Amplitude Solutions Ltd., launched a two day training program on “Service Excellence in Banking” on May 11, 2008 at it’s Training Academy, Head Office, Dhaka. Presently, Operation Managers of 25 Branches of the Dhaka Region are participating in the program. However, through conducting of similar workshops periodically in the future, the Bank’s entire front office team’s participation will be ensured. The Bank is committed to consistently provide ‘quality service’ to it’s customers and the two day “Service Excellence” program has been accordingly designed.

Mr. Shamim A Chaudhury, Deputy Managing Director (Operations) inaugurated the training program. Amongst others, the inaugural session was attended by the Bank’s Management Committee Members and facilitators from Amplitude Solutions Ltd.

April 28, 2008
AB to operate securities for Trust Bank

Trust Bank Limited has enlisted AB Bank Foundation as one of its brokerage houses to operate securities in the Dhaka Stock Exchange and Chittagong Stock exchanges.

An agreement in this regard was signed between AB Bank Ltd. and Trust Bank Ltd. for Launching Operations of Securities through Dhaka and Chittagong Stock exchanges.

Kaiser A. Chowdhury, President and Managing Director, AB Bank Limited. and Iqbal U. Ahmed, Managing Director, Trust Bank Limited signed the agreement on behalf of their respective company at a simple ceremony held at a city hotel on Monday.

April 24, 2008
Agreement signing between AB and Bangladesh Table Tennis Federation

AB Bank Limited signs an agreement with Bangladesh Table Tennis Federation for arranging Age Group National Table Tennis Training Camps to improve the technique & skill of Table Tennis players of the country and for scouting new talents. The sponsor partner AB Bank Limited will provide clothing and other sports gears for the event. BTTF will also arrange display of AB Bank's Logo on the Clothing of National Table Tennis Team and top 4 teams of each of the National Ranking Teams for Men, Women, Boys and Girls of Bangladesh.

At the signing ceremony on 27th April’08, Mr. Kaiser A Chowdhury, President & Managing Director of AB Bank Limited signed the agreement with Mr. Md. Abu Solaiman Chowdhury, President of Bangladesh Table Tennis Federation, in the presence of other officials of both the organizations. A press conference was organized at a city hotel to brief about the preparation for the upcoming event.

April 24, 2008
AB sponsor of women cricket team for Asia Cup

Bangladesh Women's National Cricket team for Asian Cup gets AB Bank sponsorship. The first Women's Asia Cup beginning Colombo on first of May also involves India, Sri Lanka and Pakistan.

Under the sponsorship the women tigers will wear jersey featuring AB Bank corporate logo. The bank will provide the team with cricketing gears. The sponsorship amount is Tk six hundred thousand.

At a press conference on Thursday the President and Managing Director of AB Bank said that it was a matter great pride that women are taking up cricket seriously. We are very to support the cause of women sport in Bangladesh.

The press conference was also attended by Niaz Habib, Deputy Managing Director, AB Bank Ltd., Mrs Monoar Anis Khan, Chairman, Women Wing, Bangladesh Cricket Board, Salma Kutun, Captain, Bangladesh Women National Crickets Team.

March 27, 2008
Shamim Ahmed Chaudhury joins as DMD

AB Bank Limited has recently appointed Mr. Shamim Ahmed Chaudhury as Deputy Managing Director. Prior to his present position, Mr. Chaudhury was working in ONE Bank Limited as Deputy Managing Director and Head of Operations. Mr. Chaudhury started his banking career as a Management Trainee with American Express Bank Limited in 1980.During his career spanning nearly three decades, Mr. Chaudhury has served in various capacities at home and abroad with national and multinational financial institutions.

A widely traveled person Mr. Chaudhury loves playing Golf and Squash.

March 23, 2008
AB Bank wins Century ERA, Award in Geneva

AB Bank has been awarded this year's prestigious Century ERA Award at the 10th BID Quality Convention in Geneva. Companies of 43 countries from America, Europe, Asia and Africa attended the Convention.

President and Managing Director of AB Bank Kaiser A. Chowdhury received the award from the Executive President of Business Initiative Directions (BID) Jose E. Prieto on March 10, 2008 at the Intercontinental Geneva Convention Hall.

AB Bank received the award in the Gold Category in recognition of its 'commitment to quality, leadership, technology and innovation.' Among the outstanding companies including AB Bank at this year's convention were: Emak (Egypt), Golden Meditech Company (China), Jordan Securities Commission (Jordan), Kreka (Greece), SVG Exports (India), Jack Sound Systems (Thailand), International joint Stock Aviation Company 'Urga' (Ukraine), The Prosperity Trading & Contracting Est. (Bahrain), Alpine Bau-Zagreb (Croatia), Gabriel Kafati SA (Honduras), Matena Associates (Tanzania), Romaqua Group corporation (Romania), Dar Al Arkan Real Estate Development Co. Ltd. (Saudi Arabia), and Ecobank Senegal.

Jose E. Prieto said at the award presentation ceremony, 'the awarded companies are symbols of commitment to leadership, technology and innovation which make them models for other companies of their sectors.'

March 10, 2008
Shareholders' Information: Price Sensitive Information

Board of Directors of AB Bank Limited (ABBL) in it’s 411th meeting held on March 10, 2008 (Monday) at 4:15 p.m. resolved on the following with regard to the:

26th Annual General Meeting (AGM) of the Bank for the year ended 31st December, 2007
Date and Time of AGM	6th July, 2008 (Sunday) at 11:30 a.m.
Venue	Bangladesh-China Friendship Conference Centre, Sher-e-Bangla Nagar, Dhaka
Dividend recommended	@ 200(two hundred)% Stock Dividend (Bonus Shares)
Record Date	01st June, 2008 (Sunday) Shareholders' names appearing in the Share Register of the Company or in the Depository on the 'Record Date' will be eligible to attend the meeting and will qualify for the Dividend.

Extra-Ordinary General Meeting (EGM) of the Bank
Date and Time of EGM	6th July, 2008 (Sunday) at 11:00 a.m.
Venue	Bangladesh-China Friendship Conference Centre, Sher-e-Bangla Nagar, Dhaka
Record Date	01st June, 2008 (Sunday)

March 09, 2008
Shareholders' Information: Authorized Capital

Further to our Notice published on March 05, 2008, this is for information of all concerned that we have obtained "No Objection" from the Bangladesh Bank on 09th March, 2008 to amend the Clause VI of the Memorandum and Article 4(a) of the Articles of Association of the Bank, respectively.

Bangladesh Bank also gave approval to raise the Authorized Capital of the Bank to Tk.300,00,00,000/-(Taka three hundred crore) instead of our earlier proposal of Tk.400,00,00,000/-(Taka four hundred crore).

March 05, 2008
Shareholder's Information: Emergency Board Meeting

Board of Directors of AB Bank Limited (ABBL) in an Emergency Board Meeting held on March 05, 2008 at 3:00 p.m. resolved that the Authorised Capital of the Company be increased to Tk.400,00,00,000/- (Taka Four hundred crore) divided into 4,00,00,000 (four crore) ordinary shares of Tk.100/- each from the existing Tk.200,00,00,000/-(Taka Two hundred crore).

Board also approved necessary amendments to relevant clauses / articles of the Memorandum and Articles of Association of the Bank.

Above is subject to the clearance from Bangladesh Bank.

January 10, 2008
Niaz Habib joins, AB Bank as DMD

Mr. Niaz Habib has joined AB Bank as its Deputy Managing Director. Prior to his new assignment, he was serving United Commercial Bank as its DMD. Mr. Habib’s banking career spans nearly three decades. He served the first 21 years of his career in American Express Bank in various capacities at home and abroad.

He is a member of the Bangladesh Bank Coordination Committee for Basel II Compliance, and has also served as a member of Core Risk Management accredited by Bangladesh Bank. He has lectured widely on banking operations and credit training programmes organized by leading banks and financial institutions including Standard Chartered, Citi Bank NA and various NCBs.

A widely traveled person, Mr. Niaz Habib loves playing billiard and watching cricket matches.

January 3, 2008
Faruq Mainuddin, New DMD of AB Bank

Faruq Mainuddin has been promoted as the Deputy Managing Director of AB Bank. Prior to this position he has been working as the Head of Credit Risk Management division of the Bank. Upon completion of his studies in Economics from Dhaka University, he joined the bank in 1984 as Probationary Officer. He was posted at the Bank’s India operation in Mumbai in 1999 and served as the Country Manager till 2004. He was awarded with Bangladesh Bank Gold Medal and BCCI Bank (now defunct) Gold Medal for securing first position in the Banking diploma examination. He is the author of ten numbers of books on literature, travel, economy and banking.