# Bangladesh Commerce Bank

Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.

## History

The bank can trace its origins to the former Bangladesh Commerce and Investment Limited, set up on 27 January 1986. It was a non-bank financial institution. In April 1992, its activities were suspended by Bangladesh Bank due to a liquidity crises. A public limited company incorporated in Bangladesh on June 01, 1998 under the Companies Act 1994, the Bank Company Act 1991 and Act 12 of 1997.
In August 2004, Bangladesh Bank placed in a watchlist of "problem banks". The bank donated to Prime Minister Khaleda Zia's relief fund. Md Enayet Ullah was appointed managing director of the bank.
Bangladesh Commerce Bank Limited is known as a commercial bank. Like all commercial banks BCBL’s core business is obtaining deposit and providing loans. It is a financial institution providing services for businesses, organizations and individuals. Service includes offering different types of deposit account such as current deposit accounts, saving deposit accounts and other scheme accounts as well as giving out loans to businesses and individuals.
BCB make its profit by taking small, short-term, relatively liquid deposits and transforming these into small, medium, larger loans for short, medium and longer maturity loans. These processes of asset transformation generate net income for BCB. BCB also does investment banking though it is not considered its main business area.
However, BCB is primarily engaged in deposit and lending activities to private and corporate clients in wholesale and retail banking. Other services typically include credit cards, mobile banking, custodial service and guarantees, cash management and settlement as well as trade finance.
| Authorized Capital | BDT 10,000 Million |
| Paid up Capital | BDT 1,989 Million |
| Face Value per Share | BDT 100 per share |
| Company Registration Number | C-35510(2286)/98 |
| Bangladesh Bank License Number | BRPD(P)744(KHA)/99-2842 |
| Registered Head Office | Eunoos Trade Center (Level-22), 52-53 Dilkusha C/A, Dhaka – 1000, PABX: 9559831,Fax: 9568218 |
In 2021, Bangladesh Commerce Bank Limited had found it difficult to recover 5.02 billion taka it had deposited with six non bank financial institutions. The institutions were Bangladesh Industrial Finance Company Limited, FAS Finance and Investment Limited, First Finance Limited, International Leasing and Financial Services Limited, Peoples Leasing and Financial Services Limited, and Premier Leasing and Finance Limited. Some of the institutions funds were embezzled by Prashanta Kumar Halder.
On 28 June 2022, Bangladesh Bank allowed Bangladesh Commerce Bank Limited to reschedule a 1.99 billion taka defaulted loan to SB Exim, which is owned by Shahjahan Bablu who faces allegations of money laundering through fake invoicing exports from the Bangladesh Financial Intelligence Unit. The bank overspent corporate social responsibility fund on disaster management. In July the bank launched sharia based banking services. Bangladesh Commerce Bank Limited filed a check dishonour case against Marrin Vegetable Oils Limited, a subsidiary of Nurjahan Group. The chairman of the group, Tipu Sultan and managing director, Jahir Ahmed, were sentenced to one year in jail in the case.

## Board of directors

| Name | Position | Profession |
| Md Ataur Rahman | Chairman | Former Executive Director, Bangladesh Bank |
| Shaikh Ashafuzzaman FCA | Independent Director | Chartered Accountant |
| Md Mohsin Miah | Independent Director | Additional Managing Director, Meghna Bank |
| Kamrul Hoque Maruf | Director | Joint Secretary, Financial Institutions Division, Ministry of Finance |
| Md Golam Mortuza | Director | Deputy Managing Director, Janata Bank |