Ansar-VDP Unnayan Bank

Ansar-VDP Unnayan Bank is a specialised government owned bank in Bangladesh.[1] The bank was founded to provide financial services to the paramilitary Bangladesh Ansar and Village Defence Party.[2][3] Major General AKM Nazmul Hasan is the chairman of this bank.[4] The bank has 259 branches across the country under 18 regions.[5] It is one of four specialized banks owned by the government of Bangladesh; the rest are Bangladesh Krishi Bank, Karmasangsthan Bank, and Rajshahi Krishi Unnayan Bank.[6]

Ansar-VDP Unnayan Bank
TypeState owned
IndustryBanking
FoundedDhaka, Bangladesh
HeadquartersDhaka, Bangladesh
Key people
Major General A K M Nazmul Hasan (Chairman) Mosaddeq-ul-Alam (Managing Director)
ProductsBanking services
Consumer Banking
Corporate Banking
Investment Banking
Increase
Websiteansarvdpbank.gov.bd

History

The bank was established in 1995 through an act of parliament. Despite being a bank for Bangladesh Ansar and Village Defence Party members, it has failed to attract adequate interest from them.[2] It was founded after the 1994 Bangladesh Ansar mutiny as part of reforms after the mutiny.[7][8][9] The bank started operations in 1996 with 25 per cent owned by the government of Bangladesh and 75 per cent belong to the members of Bangladesh Ansar and Village Defence Party.[2]

In 2015, the Ansar-VDP Unnayan Bank asked the government to increase its stake in the bank from 25 per cent to 75 per cent as members of the Ansar and Village Defence Party were not interested in purchasing the shares available to them.[2]

In 2019, Md Mosaddake-Ul-Alam was appointed the managing director of Ansar-VDP Unnayan Bank.[10]

Ansar-VDP Unnayan Bank paid 435.1 million in taxes in 2021.[11]

Md Mosaddake-Ul-Alam was re-elected managing director of Ansar-VDP Unnayan Bank in June 2022.[10] Major General AKM Nazmul Hasan was appointed chairman of Ansar-VDP Unnayan Bank on 24 August 2022.[12] Bangladesh High Court appointed the former managing director of Ansar-VDP Unnayan Bank, Mohammad Jalal Uddin, to the board of directors of People’s Leasing and Financial Services Limited.[13]

References
  1. "Improving performance of state-owned banks". The Financial Express (Opinion). Dhaka. Archived from the original on 18 November 2016. Retrieved 17 November 2016.
  2. Rahman, Sajjadur (6 September 2015). "Ansar-VDP Unnayan Bank seeks change in ownership". The Daily Star. Retrieved 17 November 2016.
  3. "Bangladesh Navy, Air Force want government's clearance to run commercial bank". bdnews24.com. Retrieved 17 November 2016.
  4. "Chairman of Ansar-VDP Unnayan Bank". The Financial Express. Retrieved 6 November 2021.
  5. "Ansar Vdp Bank at a glance". Archived from the original on 3 June 2019.
  6. "Specialised banks face restrictions in opening branches". The Daily Star. 2 January 2014. Retrieved 9 November 2022.
  7. "Chronology of Events" (PDF). justice.gov. Retrieved 12 December 2016.
  8. Chowdhury, Afsan (April 2009). "What Lies Below". Forum. The Daily Star. Retrieved 12 December 2016.
  9. Nabi, Khondaker Md Nur Un. "Ansar and Village Defence Party". Banglapedia. Retrieved 12 December 2016.
  10. "Alam re-elected Ansar-VDP Unnayan Bank MD". New Age. Retrieved 9 November 2022.
  11. "Ansar-VDP Unnayan Bank pays Tk 43.51cr tax". New Age. Retrieved 9 November 2022.
  12. "Nazmul joins Ansar-VDP Unnayan Bank as chairman". New Age. Retrieved 9 November 2022.
  13. "HC unhappy with performance of People's Leasing board". The Financial Express. Retrieved 9 November 2022.


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