Business Desk :
PADMA Bank Limited, a fourth generation bank, has formally started its operation on Saturday after its new logo was unveiled at Hotel Westin in the capital Dhaka.
Mashiur Rahman, the Economic Affairs Adviser of the Prime Minister, was the chief guest at the coloruful logo unveiling ceremony. Mr. Md. Ashadul Islam Secretary, Financial Institutions Division, Ministry of Finance was also present in the ceremony. Padma Bank Limited Chairman Chowdhury Nafeez Sarafat was also present.
Senior bank officials including Padma’s, MD Md. Ehsan Khasru, dignitaries and representatives of the state-run banks, which have owning stakes in Padma Bank, attended the ceremony.
The launching came after the Bangladesh Bank approved Padma Bank’s new name on January 29, 2019.
Padma is a unique bank in the country’s history with 68 percent of its shares being owned by four state-run banking giants – Sonali, Janata, Agrani and Rupali – and state-owned financial institution, Investment Corporation of Bangladesh (ICB).
Padma started its new journey with 57 branches which provide most modern banking services to clients across the country.
Bank chairman Nafiz Sarafat and CEO Ehsan Khosru highlighted the bank’s recent achievement and its future course of action. They said the Padma has launched a new array of attractive banking products and many more in the pipeline.
“The new programmed we have initiated in the bank are already bearing fruits. We are confident Padma Bank will be a front-ranking bank in the country in a very short time,” Sarafat said.
PADMA Bank Limited, a fourth generation bank, has formally started its operation on Saturday after its new logo was unveiled at Hotel Westin in the capital Dhaka.
Mashiur Rahman, the Economic Affairs Adviser of the Prime Minister, was the chief guest at the coloruful logo unveiling ceremony. Mr. Md. Ashadul Islam Secretary, Financial Institutions Division, Ministry of Finance was also present in the ceremony. Padma Bank Limited Chairman Chowdhury Nafeez Sarafat was also present.
Senior bank officials including Padma’s, MD Md. Ehsan Khasru, dignitaries and representatives of the state-run banks, which have owning stakes in Padma Bank, attended the ceremony.
The launching came after the Bangladesh Bank approved Padma Bank’s new name on January 29, 2019.
Padma is a unique bank in the country’s history with 68 percent of its shares being owned by four state-run banking giants – Sonali, Janata, Agrani and Rupali – and state-owned financial institution, Investment Corporation of Bangladesh (ICB).
Padma started its new journey with 57 branches which provide most modern banking services to clients across the country.
Bank chairman Nafiz Sarafat and CEO Ehsan Khosru highlighted the bank’s recent achievement and its future course of action. They said the Padma has launched a new array of attractive banking products and many more in the pipeline.
“The new programmed we have initiated in the bank are already bearing fruits. We are confident Padma Bank will be a front-ranking bank in the country in a very short time,” Sarafat said.
Managing director and CEO of Sonali Bank Obayed Ullah Al Masud, managing director and CEO of Janata Bank Mohammad Abdus Salam Azad, managing director and CEO of Agrani Bank Mohammad Shams-ul Islam, managing director and CEO of Rupali Bank Ataur Rahman and managing director of ICB Kazi Saanul Haq also attended the logo unveiling ceremony.
Farmers Bank changed its name Padma Bank for image crisis. More than Tk 3,500 crore was siphoned off from the bank, according to Bangladesh Bank. For this reason, the Bank was unable to repay most of the depositors’ money since November 2017.
