Dutch-Bangla Bank

Dutch-Bangla Bank PLC.
Company typePublic Limited Company
DSE: DUTCHBANGL
CSE: DUTCHBANGL
Industry
Founded1996 (1996)
HeadquartersMotijheel, Dhaka, Bangladesh
Number of locations
243 branches, 332 sub-branches and 5,620 Agent Outlets .
Area served
Bangladesh
Key people
Ms. Sadia Rayen Ahmed (Chairman), Mr. Md Ahteshamul Haque Khan (Managing Director & CEO)
ProductsRetail banking, corporate banking, mortgage loans, private banking, credit cards, mobile banking
৳22.362 billion (US$180 million) (2024)
৳4.734 billion (US$39 million) (2024)
Total assets ৳679.875 billion (US$5.6 billion) (2024)
Number of employees
8060 (2023)
Websitewww.dutchbanglabank.com
Footnotes / references
[1]

Dutch-Bangla Bank PLC. (Bengali: ডাচ্-বাংলা ব্যাংক পিএলসি.), one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed (Founder Chairman) and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.(FMO), the Netherlands Development Finance Company.[1]

History

Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996.[2] It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh.[2][3] DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.[4]

In 2002, Dutch-Bangla Bank PLC established the Electronic Banking Division to accelerate banking automation and introduce modern electronic banking services in Bangladesh.[5]

In 2003, The bank completed full banking automation, becoming the first fully automated bank in Bangladesh and introducing electronic banking and plastic card services to the mass market.[6]

In 2004, The bank introduced real-time online “Any Branch Banking”, enabling customers to conduct transactions from any branch nationwide. It also expanded digital infrastructure by launching Internet Banking, establishing a centralized Data Center, and introducing Debit Cards, ATM services, and POS terminals, which significantly expanded electronic payment facilities in Bangladesh.

In 2007, The bank expanded its card portfolio by launching Credit Card services, further strengthening electronic payment solutions.

In 2008, Fast Track self-service banking centers were introduced to provide customers with 24/7 automated banking facilities through integrated ATM and self-service kiosks.

In 2010, The bank launched the country’s first Internet Payment Gateway (IPG) named Nexus Payment Gateway, enabling merchants to accept Visa, MasterCard, and Nexus card payments online, thereby facilitating e-commerce in Bangladesh. Later, Rocket account also incorporated in Nexus Payment Gateway. In the same year, the bank received approval from Bangladesh Bank to introduce Mobile Financial Services (MFS).[7][2]

In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of the excess liquidity in the Bangladeshi market.[8]

Networks

DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it the largest network in Bangladesh.[9] On 10 October 2010, DBBL inaugurated its 1000th ATM at the factory premises of the GlaxoSmithKline, Chittagong.[10]

Internet payment

On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants.[11] Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.[12]

Rocket (mobile financial service)

Rocket is a mobile financial service, which pioneered the service in Bangladesh.[13][14] The service is the third most popular MFS provider, with 18.1% market share as of FY 2022.[15][16]

Social work

Dutch Bangla Bank supports social work and is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs, medical and educational fields.[17][18][19][20]

References

  1. ^ "Annual Report 2024" (PDF). Dutch-Bangla Bank Limited. 31 December 2024.
  2. ^ a b "Winners of Bangladesh Business Awards 2006". The Daily Star. Retrieved 30 March 2023.
  3. ^ "Dutch investor sells entire stake in DBBL". The Daily Star. 3 November 2019. Archived from the original on 30 March 2023. Retrieved 30 March 2023.
  4. ^ Mazid, Muhammad Abdul (2012). "Dutch-Bangla Bank Limited". In Islam, Sirajul; Jamal, Ahmed A. (eds.). Banglapedia: National Encyclopedia of Bangladesh (Second ed.). Asiatic Society of Bangladesh. Archived from the original on 1 April 2016. Retrieved 9 May 2016.
  5. ^ "Introduction to Electronic Banking". Dutch-Bangla Bank.
  6. ^ "Introduction to Electronic Banking". Dutch-Bangla Bank.
  7. ^ "Dutch-Bangla Bank". www.dutchbanglabank.com. Retrieved 22 March 2026.
  8. ^ Uddin, AKM Zamir (27 September 2022). "9 banks hold over 60% of excess liquidity". The Daily Star. Archived from the original on 30 March 2023. Retrieved 30 March 2023.
  9. ^ "DBBL branches to reach 79, ATMs 850 by yr-end". Financial Express. Archived from the original on 21 April 2011. Retrieved 2 September 2009.
  10. ^ "DBBL's ATM taps 1000". Dhaka Mirror. 5 August 2016. Archived from the original on 3 June 2016. Retrieved 9 May 2016.
  11. ^ "DBBL Introduced Internet Payments in Bangladesh". The HungryCoder. 8 June 2010. Archived from the original on 23 May 2016. Retrieved 9 May 2016.
  12. ^ "DBBL Introduced Nexus Pay Application". DBBL Nexus Pay. 1 January 2019. Archived from the original on 16 October 2019. Retrieved 16 October 2019.
  13. ^ bdnews24.com. "Bangladesh MFS accounts surge by 20 million in a year, transactions up 32pc". MFS sees over 20mn new accounts in a year. Retrieved 17 January 2026.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ^ "Rocket". www.dutchbanglabank.com. Retrieved 17 January 2026.
  15. ^ Express, The Financial. "Competition landscape of the MFS Industry in Bangladesh". The Financial Express. Retrieved 17 January 2026.
  16. ^ Governance Challenges in Mobile Financial Services Sector in Bangladesh - Transparency International Bangladesh on 17 January, 2026. Archived
  17. ^ "Tk 31 lakh Dutch-Bangla aid for acid, dowry victims". The Daily Star. Retrieved 9 May 2016.
  18. ^ "Dutch-Bangla Bank distributes blankets". The Daily Star. Retrieved 9 May 2016.
  19. ^ "Tk 4 crore Dutch-Bangla donation for Cancer Hospital". The Daily Star. Retrieved 9 May 2016.
  20. ^ "Dutch-Bangla Bank stands by acid victims, divorcees". The Daily Star. Archived from the original on 9 May 2016. Retrieved 9 May 2016.
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