AB Bank Limited - News & Events

November 24, 2009
Under the lead of AB Bank Limited a fund raising ceremony for BDT 1,910 million held to finance WiMAX project of Banglalion Communications Ltd

Under the arrangement of AB Bank Limited a fund raising ceremony for BDT 1,910 million was held today at Raddisson Hotel, Dhaka to finance the WiMAX project of Banglalion Communications Ltd. A Syndicate of 11 Banks and Financial Institutions committed to finance BDT 1,910 million to finance the local company to launch its WiMAX operation. AB Bank Limited (Arranger and Agent), Sonali Bank Limited, Janata Bank Limited, Agrani Bank Limited, Infrastructure Development Company Limited, Bangladesh Commerce Bank Limited, Mercantile Bank Limited, United Commercial Bank Limited, Standard Bank Limited and Saudi Bangladesh Industrial and Agricultural Investment Company Limited.

The total cost of the project is BDT 3700 million. It will be financed at 60: 40 debt:eqity ratio.

In the occasion Maj (Retd) Abdul Mannan, Chairman of Banglalion Communications Limited, Mr Kaiser A. Chowdury, President and Managing Director of AB Bank Limited, Mr S. A Chowdhury, Managing Director of Sonali Bank Limited, Mr S.M. Aminur Rahman, Managing Director of Janata Bank Limited, Mr. Syed Abu Naser Bukhtear Ahmed, Managing Director & CEO of Agrani Bank Ltd, Mr. Islam Sharif
Executive Director & CEO of Infrastructure Development Company Ltd (IDCOL), Mr. S.A. Farooqui, Managing Director of Standard Bank Ltd, Mr. Md. Farhad Hossain, Managing Director of Bangladesh Commerce Bank Ltd, Mr. Quazi Shairul Hassan, Managing Director of Saudi-Bangladesh Industrial and Agricultural Investment Company Ltd (SABINCO), Mr. A.K.M. Shahidul Haque, Additional Managing Director of Mercantile Bank Ltd, Mr. Shafiqul Alam, Deputy Managing Director of United Commercial Bank Ltd. Mr M. Fazlur Rahman, Deputy Managing Director of AB Bank Limited and other high officials of all the participating lenders and the borrowing company were present.

In his welcome speech Mr Kaiser A. Chowdhury, President and Managing Director of AB Bank Limited mentioned that this a public-private collaboration of Syndicate finance. In his speech Mr Chowdhury also mentioned that this is a giant leap forward towards Digital Bangladesh as it will create the platform for high speed internet penetration in Bangladesh.

November 22, 2009
Merchant bankers join forces, 11-member executive committee formed

After remaining inactive for 12 years, merchant bankers yesterday regrouped and pledged to turn the stock market into a major source of finance for industrialization.

They said they would work together to bring more new issues to the capital market to meet huge demand from investors.

The merchant bankers made the promises after reformatting their association through their first-ever election since 1997, when Bangladesh Merchant Bankers Association (BMBA) was launched. It has now 26 members.

An 11-member executive committee under the leadership of M Fazlur Rahman, head of the investment banking division of AB Bank, was put in place yesterday.

"As an institution, the merchant bankers or the association could not play its due role in developing the capital market," said Rahman in his immediate reaction to the election.

"We want to help develop our stock market. We want industrialization through capital market and to bring new issues to the market and create a balance between money and capital markets," he said.

Rahman said the association under the new leadership would closely work with the regulatory body and investors to take the market to a new height.

Sheikh Mortuza Ahmed, head of the merchant banking division of Prime Bank, and who was elected as vice-president of BMBA, said the merchant bankers have no institutional representation in the market. The election will help merchant bankers work as an institution, he added.

November 08, 2009
ABBF received "Top Brokers' Award 2008" from CSE

Press Release

Mr. M Fazlur Rahman, DMD, AB Bank Limited received “Top Brokers’ Award 2008” from Chittagong Stock Exchange Limited (CSE) on November 08, 2009 on behalf of Arab Bangladesh Bank Foundation (ABBF). ABBF ranked 4th among the 129 members at CSE.

November 02, 2009
3rd Quarter Financial Statements for the period ended on September 30, 2009 (Un-audited)

To: All Shareholders

Third Quarter Financial Statements for the period ended on September 30, 2009 (Un-audited).

As per Securities Exchange Commission (SEC) Notification No SEC/CMRRCD/2008-183/Admin/03-34 dated September, 2009, we are pleased to enclose the financial statements showing Balance Sheet on September 30, 2009, Profit & Loss Account, Cash Flow Statement and Changes in Equity and Notes thereon for the 3rd Quarter ended September 30, 2009.

Credit Rating Agency of Bangladesh Ltd. (CRAB) has assigned 'AA₃' rating in the long term and ST-1 in the short term to AB Bank Limited for the half Year ended June 30, 2009 (based on unaudited financials.

Company Secretary
AB Bank Limited

October 28, 2009
Syndicated Finance of BDT 650 million in favor of Fiber@Home Ltd.

A signing ceremony of Syndicated Finance of BDT 650 million in favor of Fiber@Home Limited was held at a city hotel on October 28, 2009. AB Bank Limited arranged the syndication and seen as sitting in the picture from right to left are:

Mr. Arif Khan- CEO & MD (CC), IDLC Finance Ltd.; Mr. Kaiser A. Chowdhury- President & MD, AB Bank Ltd.; Mr. Moynul Haque Siddiqui- MD, Fiber@Home Limited; Mr. Islam Sharif- Executive Director & CEO, IDCOL and Mr. Quazi Shairul Hasan, MD, SABINCO.

Mr. Faruq M. Ahmed, DMD, AB Bank Limited alongwith officials from AB Bank, other lenders and the borrower were also present in the occasion.

Fiber@Home Limited is set to construct and develop Nationwide Telecommunication Transmission Network [NTTN] by deploying optical fiber throughout the country- a very vital platform for digitization.

October 16, 2009
Shareholders' Information

Board of Directors of AB Bank Limited (ABBL) in it's 447th Meeting held on 15th October, 2009 (Thursday) at 4.15 p.m. resolved on the following:

"The Board of Directors of AB Bank Limited has decided to sponsor a Mutual Fund in the name of "AB Bank 1st Mutual Fund" to the tune of Tk. 350 crore.

AB Bank Limited will subscribe 20% of the fund as Sponsor and the rest will be raised through pre-IPO placement and IPO subject to approval of the Security & Exchange Commission."

Sd/-
Company Secretary
AB Bank Limited

October 16, 2009
Shareholders' Information

Subsequent to AB Bank Limited's appeals and submissions regarding the legality of Arab Bangladesh Bank Foundation (ABBF) and ceasing of IFIC Bank Limited shares etc., Bangladesh Bank has now agreed to release the IFIC Bank Limited shares ceased earlier subject to certain terms and conditions.

Board of Directors of AB Bank Limited (ABBL) considered the above, in it's 447th meeting held on October 15, 2009 (Thursday) at 3.45 p.m.

Sd/-
Company Secretary
AB Bank Limited

October 15, 2009
Credit Rating Report

Credit Rating Agency of Bangladesh ltd (CRAB) has assigned 'AA3' in the long term and 'ST-1' in the short term to AB Bank Limited for the Half Year ended June 30, 2009 (based on unaudited financials).

By order of the Board
Sd/-
Company Secretary
AB Bank Limited

October 10, 2009
Training Program on AML organized by ABBL at Cox's Bazar as Lead Bank

AB Bank Limited as lead Bank organized a day long training program on AML at Cox's Bazar. The training program was held on October 10, 2009 at Hotel Seagull, Cox's Bazar. The training program was inaugurated by Mr. Ziaul Hasan Siddiqui Deputy Governor, Bangladesh Bank, Dhaka.

The President and Managing Director of ABBL Mr. Kaiser A. Chowdhury presided over the inaugural function and welcome the participants and guest. Mr. M. Mahfuzur Rahman, General Manager, AML dep't, Bangladesh Bank was the special guest speaker.

Mr. Shamim A. Chaudhury DMD (Operations), Mr. Faruk M. Ahmed DMD (Credit), Mr. K.A.M Majedur Rahman DMD (Business), Mr. B.H. Khan, SEVP and CFO, Mr. M. Mozammel Hoque VP (CCU) and Mr. Shahnawaj Chowdhury VP (Operations) HO, Branch Relationship Manager, Cox's Bazaar Branch and Branch Operations Manager, Cox's Bazar Branch also attended the inaugural function.

The training was attended by 54 (fifty four) officers from 27 Banks under Cox's Bazaar district. Mr. Shamim A. Chaudhury DMD (Operations) distributed prize among the winners of Quiz test and closed the day long session with thanks to all the guests and participants. The program was organized by our Cox's Bazar Branch.

September 9, 2009
Bangladesh Bank Governor visits AB Bank - Mumbai Branch, India

Dr. Atiur Rahman, Governor, Bangladesh Bank made a courtesy visit to AB Bank Mumbai branch recently. Seen here in the picture Mr. Faruq Mainuddin, Deputy Managing Director, AB Bank welcoming the honorable Governor at the branch premises along with Md. Hafizur Rahman, General Manager, AB Bank, Mumbai Branch, India.

July 25, 2009
Summer Cup Golf Tournament 2009

The AB BANK Summer Cup Golf Tournament 2009, amid much enthusiasm and festivity, ended at the Shaheed Salahuddin Cantonment Ghatail Golf Club on Saturday, July 25. Nearly 100 local golfers took part in the two-day event which was sponsored by AB Bank Limited.

On the concluding day, Major General Abu Belal Muhammad Shafiul Huq, NDC, PSC, General Officer Commanding 19 INF Division and Area Commander, Ghatail and Senior Vice President, Ghatail Golf Club, gave away prizes among the winners as the chief guest. As special guest, Mr. Kaiser A. Chowdhury, President and Managing Director of AB Bank Ltd. along with other executives of the Bank were also present on the occasion.

July 20, 2009
5th AB Bank SME Center at Bogra

AB Bank Limited has inaugurated its 5th SME Center at Bogra on July 20th, 2009. The SME Center was inaugurated by AB Bank President & Managing Director Mr. Kaiser A. Chowdhury. Mr. Moshiur Rahman Chowdhury, EVP & Head of SME, Mr. Md. Abdul Maleque, SAVP & Cluster Head-North Bengal, Mr. Md. Idrish Ali Joarder, SAVP & Manager-Bogra Branch, Mr. Md. Faruque Ahmmed, AVP-SME, along with Branch Managers of North Bengal Region & other officials were also present at the opening ceremony.

In this picture, AB Bank SME Center Bogra is being inaugurated by AB Bank President & Managing Director Mr. Kaiser A. Chowdhury. Along with him Mr. Moshiur Rahman Chowdhury, EVP & Head of SME, Mr. Md. Abdul Maleque, SAVP & Cluster Head-North Bengal, Mr. Md. Idrish Ali Joarder, SAVP & Manager-Bogra Branch, Mr. Md. Faruque Ahmmed, AVP-SME are also seen in the picture.

July 10, 2009
Guni Lekhok Award Giving Ceremony

The National Press club has recently accorded an award giving ceremony honoring renowned poets & litterateurs of the country with the support of AB Bank.

Seen here in the picture are president of National Press Club Mr. Shaukat Mahmood, Mr. Kaiser A. Chowdhury, President & Managing Director AB Bank along with award recipients and senior officials of national press club.

July 09, 2009
Arab Bangladesh Bank Foundation donated TK.9,50,000/=

As part of its corporate social responsibility initiatives The Arab Bangladesh Bank Foundation donated TK.9,50,000/= to Bangladesh Organization for Disabled Advancement (BODA), a non-political, non governmental voluntary organization working for the betterment of persons with disabilities since its inception in 1994.

The signing is part of phase II project of ‘Mainstreaming of Persons with Disabilities through Applied ICT Training’. Notably, Arab Bangladesh Bank Foundation did finance Phase I of the said training program as well.

The donation will be used for providing special training to the disabled persons to enhance their skills and make them self reliant.

Mr. Kaiser A. Chowdhury, Director of Arab Bangladesh Bank Foundation & Mr. M. Khalilur Rahman, Executive Director, BODA inked a memorandum of understanding on the donation, at a ceremony held at bank’s head office in the city recently.

The ceremony was also graced by Ms. Runa Zakia Shahrood Khan
Director of AB Bank Limited. Senior officials from Arab Bangladesh Bank Foundation and AB Bank Limited were also present at the signing ceremony.

July 08, 2009
Distribution of Dividend 2008

Honorable Shareholders of AB Bank Limited are hereby informed that Stock Dividend for the year 2008 has already been credited to respective BO A/c on 8th July, 2009.

Cash Dividend 2008 will be directly credited to the respective Bank Account (as mentioned in the Shareholders BO Account). Bank has obtained necessary approval from the Securities and Exchange Commission for distribution of Cash Dividend, 2008 in this manner.

July 07, 2009
Remittance Service Agreement with Buro Bangladesh

AB Bank Ltd., country’s leading financial institution signed a Remittance Service Agreement with Buro Bangladesh, one of the front ranking specialized microfinance organizations in Bangladesh. Mr. Kaiser A. Chowdhury, President and Managing Director of AB Bank and Mr. Zakir Hossain, Executive Director, BURO Bangladesh signed the Agreement on behalf of their respective organization. Other senior executives of both the organizations were present during the event.

Under this agreement, BURO Bangladesh will act as a Representative for AB Bank Limited and disburse inward remittances to its recipients in the remote and remotest areas of the country through their 393 Branches from the Bangladeshi residents residing abroad. The above agreement will have a significant contribution towards better customer service and substantially increase the flow of inward remittance through AB Bank from Bangladeshi expatriates.

June 30, 2009
AB Bank approves 15 pc cash dividend and 15 pc stock dividend

AB Bank Limited approved 15% cash dividend and 15% stock dividend for its shareholders at the Bank’s 27th Annual General Meeting (AGM) held at Bangladesh-China Friendship Conference Centre on Monday, 29 June 2009. The AGM also approved the report on the audited financial accounts of the Bank for the financial year 2008.

In spite of adverse market conditions, AB Bank Limited which turned 27 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008.

The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30% during the year and recorded a Tk 1579 cr increase. Foreign Trade Business handled was Tk 9,898 cr indicating a growth of over 40% in 2008.

The Bank maintained its sound credit rating in 2008 to that of the previous year. The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the Bank an A1 rating in the long term and ST-2 rating in the short Term.

The Bank also approved that the Authorised Capital of the Company be increased to Tk. 600,00,00,000/- (Taka Six hundred crores).

Consequent upon unveiling of the fresh logo and assumption of a new name in January 2008, AB opened four new branches, firmed up its on-line and real time banking services across all its branches, introduced Customer Service Desks, automated Trade Finance, established a state-of-the-art Data Centre, launched a new corporate website, and re-structured and strengthened the Bank’s in-house Training Institute.

The AGM, presided over by the Chairman of the Bank, Mr. M. Wahidul Haque, witnessed a good turn-out of shareholders, patrons, clients and well wishers. Mr. Salim Ahmed, Vice Chairman, Directors of the bank, and President and Managing Director Mr. Kaiser A. Chowdhury were also present at the meeting.

June 28, 2009
AB Bank inks with Infrasoft Tech

AB Bank recently signed a contract with AgreeYa Solutions Bangladesh Ltd., in partnership with Infrasoft Technologies Ltd., India, for Internet Banking Solution.

AB Bank, one of the first private sector banks in Bangladesh, has seen a phenomenal growth in its operations over the years. With a vision to provide innovative services to its customers, the bank is keen to implement an advanced internet banking solution now.

Infrasoft Technologies Ltd. is one of the partner organizations of AgreeYa that focuses on delivering high quality IPR based software products, solutions & specialized software services in the domains of retail banking, investment banking, eChannels, trading, wealth management, Islamic finance and anti money laundering.

AB Bank’s President and Managing Director Mr. Kaiser A. Chowdhury and Co-founder & Managing Partner of AgreeYa Solutions, USA Mr. Ajau Kaul signed the agreement on behalf of their respective organizations. Senior executives from both the organizations were also present at the ceremony.

AB Bank feels that in the increasingly virtual world of banking, internet banking has become a minimum necessity for valued customers while selecting their banks.

After the implementation of Internet Banking Solution, AB Bank will be able to provide its clients various services like bills payment, inter-account & inter-bank fund transferring, standing instructions & ad-hoc payment instructions, received/issued cheque tracking, loan account access, request for issuance of ATM/Debit Cards (including lost/stolen cards), request for bank guarantee, request for letter of credit through internet.

Senior executives from both of the organizations were also present at the ceremony.

May 11, 2009
Microsoft and AB Bank signed Enterprise Agreement

AB Bank, country’s leading financial institution signed an Enterprise Agreement with the world-leading software company, Microsoft. Mr. Kaiser A. Chowdhury, President and Managing Director of AB Bank and Mr. Feroz Mahmud, Country Manager, Microsoft Bangladesh signed the Enterprise Agreement on behalf of their respective organization in presence Mr. Saw Ken Wye, President, Southeast Asia, Microsoft Asia Pacific. Other senior executives of both the organizations were present during the event.

AB Bank is the first private bank in the country entering into the Enterprise Agreement with Microsoft with a commitment of using only genuine Microsoft software and maintaining its leadership position in the industry through effective use of Information technology.

Under the agreement, Microsoft will deliver different applications, servers and systems software to AB Bank for standardization of their desktop computers with operating system, office productivity tools and server-client management across the entire bank. AB Bank will use legitimate Microsoft software technologies for their IT operation management, banking application database, information security, virus protection, identity and network management, advance messaging, audio-video communication and collaboration and business work-flow automation in their native and overseas branches gradually.

As per the agreement, AB Bank will also get direct technical support and consulting services from Microsoft to deploy latest Microsoft technologies in different business areas of the bank following internationally proven best-practices.

In the signing ceremony, Feroz Mahmud, Country Manager, Microsoft Bangladesh said," AB Bank has demonstrated a vision of truly responding to the requirements of their customers today. Microsoft feels proud to be partnering with a customer with such a focused vision in enabling a Digital Bangladesh. Through the use of genuine Microsoft software, AB Bank is helping to ensure the security of the assets of their valued clients and prompt responsiveness through a highly-skilled, productive workforce equipped to handle the challenges of tomorrow."

Mr. Kaiser A. Chowdhury, President & Managing Director of AB Bank Limited said, “The Enterprise Agreement with Microsoft will provide us with exciting new technologies to enable faster business communication, provide high level information security, automate work processes, centralize operation management and more than that, will ultimately help to serve our customers better."

May 04, 2009
President & Managing Director gets "Bazlur Rahman Sritipodok" Award

Mr. Kaiser A. Chowdhury, President & Managing Director of the Bank has received the distinguished award "Bazlur Rahman Sritipodok" for his literary works. The award which is given in the memory of Late Mr. Bazlur Rahman, past Editor of Dainik Sangbad & founder of Khelagor, was handed over to Mr. Chowdhury at Khelagor’s 57th Anniversary Ceremony held on Saturday, May 02, 2009. Mr. Chowdhury, a gifted writer of children novels, has written over 30 books.

May 02, 2009
Price Sensitive Information

Board of Directors of AB Bank Limited (ABBL) in it's 438th meeting held on May 02, 2009 (Saturday) at 12:45 p.m. resolved on the following:

"The Board of Directors of the Bank approved its participation as a sponsor in the "LR Global Bangladesh Mutual Fund One" by Tk.10(ten) crore at a face value of Tk.10(ten) per share subject to approval of the regulatory authorities."

April 05, 2009
3rd SME Centerer inaugurated at Garden Tower Branch, Sylhet

We are pleased to inform you that AB Bank has formally inaugurated its 3rd SME Center at Garden Tower Branch, Sylhet on April 05th, 2009. The SME Centers was inaugurated by our honorable Deputy Managing Director-Credit, Mr. Faruq M. Ahmed.

Mr. Moshiur Rahman Chowdhury, EVP & Head of SME, Mr. Golam Mahmud Rizvi, SVP & Regional Head-Sylhet, Mr. Ambarish Datta, VP & Manager-Modhuban Branch, Mr. Md. Abdus Salam, VP & Manager-Dargah Gate Branch, Mr. Md. Faruque Ahmmed, AVP-SME, along with other officials were present at the opening ceremony.

March 31, 2009
SME Centers inaugurated at Principal and Islampur Branch

We are pleased to inform you that AB Bank has formally inaugurated its 1st and 2nd SME Centers at Principal and Islampur branch on March 29th and 30th, 2009 respectively. The SME Centers was inaugurated by our honorable Managing Director & President Mr. Kaiser A. Chowdhury.

Mr. Niaz Habib, DMD-Business, Mr. Faruq M. Ahmed, DMD-Credit, Mr. Shamim Ahmed Chaudhury, DMD-Operation, Mr. B.H Khan, SEVP & CFO, Mr. Akhtar Hamid Khan, EVP & Head of CRM, Mr. Moshiur Rahman Chowdhury, EVP & Head of SME, Mr. Ehsan K Shoaib, EVP & Head of Retail Banking, Mr. Md. Azad Hossain, EVP & Regional Head - Dhaka, along with other officials were present at the opening ceremony.

March 29, 2009
Price Sensitive Information

Board of Directors of AB Bank Limited (ABBL), in its 436th meeting held on March 28, 2009 (Saturday) at 1:30 p.m. resolved on the following with regard to the:

27th Annual General Meeting (AGM) of the Bank for the year ended 31st December, 2008
Date and Time of AGM	29th June, 2009 (Monday) at 11:30 a.m.
Venue of AGM	Bangladesh-China Friendship Conference Center, Sher-e-Bangla Nagar, Dhaka.
Dividend recommended	@ Cash Dividend 15% and Stock Dividend (Bonus share) 15%
Record Date	28th May, 2009 (Thursday) 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	29th June, 2009 (Monday) at 11:00 a.m.
Venue of EGM	Bangladesh-China Friendship Conference Center, Sher-e-Bangla Nagar, Dhaka.
Record Date	28th May, 2009 (Thursday)

By the order of the Board
Sd/-
Company Secretary

March 23, 2009
Mymensingh Branch Relocated

Our Mymensingh Branch moved to a new address today, March 23, 2009.

The new address is:
52, Dr. Bipin Sen Road
Choto Bazar, Kotowali
Mymensingh

All previous contacts of the Branch remain the same.

The new premises of the branch was inaugurated by our President & Managing Director, Mr. Kaiser A. Chowdhury. Among others Deputy Managing Directors, Mr. Niaz Habib & Mr. Shamim A. Chaudhury, EVP & Regional Head - Dhaka, Mr. Md. Azad Hossain and VP Operations, Mr. Shahnawaj Chowdhury were present at the program.

February 25, 2009
Opening of ABBL Tangail Branch, Tangail

We are very pleased to inform you that our 74th Branch at Tangail was formally inaugurated today, February 25, 2009.

The address of the branch is:
Tangail Branch
702, Sabur Khan Tower, Kalibari Road, Tangail Sadar,
Tangail

Contacts:
Branch Landline Number: (0921) 61582
Branch Fax Number: (0921) 61508
Mr. Bijoy Kumar Roy, AVP & Branch Relationship Manager, Mobile: 017-11822366
Mr. Mirza Shameem Al Mamun, SPO, Branch Operations Manager, Mobile: 017-46228902

The Branch was inaugurated by Mr. Md. Maksudur Rahman Patwary, Deputy Commissioner, Tangail district. Inauguration ceremony was also attended by Special Guest Mr. Md. Jamilur Rahman Miron, Mayor, Tangail Municipality.

Our President & Managing Director Mr. Kaiser A. Chowdhury, Deputy Managing Directors Mr. Faruq M. Ahmed, Mr. Shamim A. Chaudhury & Mr. Niaz Habib, EVP & Head of Retail Banking, Mr. Ehsan K Shoaib, EVP & Regional Head - Dhaka, Mr. Md. Azad Hossain, VP Operations, Mr. Shahnawaj Chowdhury along with other HO officials were present at the opening ceremony.

February 17, 2009
2nd AB Bank Cup Golf Tournament, Bogra

The 2nd AB Bank Cup Golf Tournament was held, amid much enthusiasm and festivity, at Bogra Golf Club recently.

Major General Muhammad Firdus Mian, PSC & GOC, Bogra Cantonment and Senior Vice President, Bogra Golf Club formally inaugurated the tournament as the Chief Guest, and later, distributed prizes among the winners. Mr. Shamim A. Chaudhury Deputy Managing Director AB Bank along with other executives of the Bank and a number of guests were present on the occasion.

February 16, 2009
Opening of ABBL Dinajpur Branch, Dinajpur

We are very pleased to inform you that our 73rd Branch at Dinajpur was formally inaugurated today, February 16, 2009.

The address of the branch is given below:
Dinajpur Branch
189, Zabed Super Market, Bahadur Bazar, Dinajpur

Contacts:
Branch Landline Number: (0531) – 62030 & 62031
Branch Fax Number: (0531) - 62031
Mr. M.A. Sadique Khan Majlish, Branch Relationship Manager, Mobile: 01716444949
Mr. Md. Rabiul Haque, Branch Operations Manager, Mobile: 01712587907

The Branch was inaugurated by Mr. Md.Nabiul Haque Mollah, Deputy Commissioner, Dinajpur. Inauguration ceremony was also attended by following Special Guests:
Mr. Md. Shafiqul Haque Chhutu, Mayor, Dinajpur Municipality and
Mr. Md. Rafiqul Islam, President, Dinajpur Chamber of Commerce & Industry

Our President & Managing Director Mr. Kaiser A. Chowdhury, Deputy Managing Directors Mr. Shamim A. Chaudhury & Mr. Niaz Habib, EVP & Head of Retail Banking, Mr. Ehsan K Shoaib, EVP & Regional Head - Dhaka, Mr. Md. Azad Hossain, EVP & Head of SME, Mr. Moshiur Rahman Chowdhury, VP Operations, Mr. Shahnawaj Chowdhury along with other officials were present at the opening ceremony.

February 08, 2009
AB Bank Opens 72nd Branch at Savar

President & Managing Director of AB Bank Mr. Kaiser A. Chowdhury inaugurated the 72nd Branch of the bank at Polash Bari, Savar, Dhaka. Other Senior Executives of the Bank were also present at the opening ceremony.

January 29, 2009
Authorised Capital to Tk.600,00,00,000/- (Taka six hundred crore)

Board of Directors of the Bank in it's 433rd Board Meeting held on January 29, 2009 at 2:30 p.m. resolved to raise the Authorised Capital to Tk.600,00,00,000/- (Taka six hundred crore) divided into 6,00,00,000 (Six crore) ordinary shares of Tk.100/- each from the existing level of Tk.300,00,00,000/- (Taka Three hundred crore).

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

Above is subject to the clearance from Bangladesh Bank