The bank offers a variety of services, including Commercial Banking, SME Banking, and Developmental Banking.
History
Bangladesh Development Bank was established on 16 November 2009 as a Public Limited Company by merging the state owned Bangladesh Shilpa Bank and Bangladesh Shilpa Rin Sangstha, both which were established on 31 October 1972. Bangladesh Development Bank started in 2010 with 534 court cases concerning 21 billion taka and 24.6 billion taka in written off liabilities. The bank has had issues with loan defaulting, as of 2018, the total defaulted loans at the bank stood at 23.32 billion taka. On 11 June 2019, the Anti-Corruption Commission sued for officials of the bank for allegedly embezzling 250 million taka from the bank.
Financial services
The bank offers a variety of services, including Commercial Banking, SME Banking, and Developmental Banking.
Branches
There are currently 46 branches of BDBL banking across the country. The bank provides all kinds of commercial banking services to its customers through its 46 branch network in the country. The 46th branch of Bangladesh Development Bank Limited has been inaugurated at Tamalatla Bazar in Bagatipar, Natore. Bangladesh Development Bank Limited operates online banking activities. BDBL SWIFT Code is BDDBBDDH.
Technological banking
CBS has begun on-line banking activities to control banking transactions as well as overall operations from the beginning of July 2015. Besides, all transactions are done through core banking software from any branch of BDBL, through Bangladesh Automated Check Clearing House. Inter-bank transactions of the kind are settled. Next is the inter-banking transaction across the country Under the Naden Bangladesh Electronic Funds Transfer Network or 'Electronic Funds Transfer System', inter-bank electronic debit-credit transaction process is performed smoothly and fastest from any bank branch without any charges or fees at any time. Rapid and risk-free solutions using real time gross settlement From anywhere in the country amounts to one million or more to immediate payment. The fastest repayment of the inter-bank payment system is through RTGS. Customers and banks from anywhere in the world are able to make this transaction.
Management
The managing director controls the overall activities of the bank. The Managing Director is assisted by the General Manager and Department Heads working at the central office. Bank branch managers report the activities related to the matter directly to the managing director and to the department head. According to Article 95 of the Articles of Association of the Bank, there shall be a ten-member board of directors with the chairman as its chairman. The current chairman of the board of directors is former senior secretary Mohammad Mejbahuddin.
