Pubali Bank Limited

At Present, Pubali Bank is the largest private commercial bank having 410 branches and it has the largest real time centralized online banking network. The Bank was initially emerged in the Banking scenario of the then East Pakistan as Eastern Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in the year 1959 under Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions. After independence of Bangladesh in 1972 this Bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited. Since inception this Bank has been playing a vital role in socio-economic, industrial and agricultural development as well as in the overall economic development of the country through savings mobilization and investment of funds. At Present, Pubali Bank is the largest private commercial bank having 410 branches and it has the largest real time centralized online banking network.
Message from the Chairman
Dear Shareholders, At Present, Pubali Bank is the largest private commercial bank having 410 branches and it has the largest real time centralized online banking network.  It is indeed my great pleasure, on behalf of me and my fellow colleagues of the Board of Directors to welcome you all at the 29th Annual General Meeting of Pubali Bank Limited. Your bank has been steadily making progress in almost every sphere of its business in spite of intensified competition in the banking sector amid the economic challenges. In 2011 bank earned operating profit of taka 548 crore and non-performing loan has been reduced to 2.02%. We are putting extra emphasis on SME sector, small loans and remittance business for keeping pace with the steady growth and expansion of national economy. Every year we are increasing our branch network with modern technology to provide better customer services to our clients. Right now Pubali Bank Limited has the largest network of real time online banking in Bangladesh. I firmly believe by the end of 2012 all of our branches will come under this online network. With an established brand image, large network and attractive product portfolio, we are always vigilant to provide better services to our valued customers. I would take this opportunity to thank the regulators; Bangladesh Bank, Securities and Exchange Commission, Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited and Registrar of Joint Stock Companies & Firms for their prudent guidelines and support. Once again my thanks to all the honourable shareholders, clients and well-wishers without whom this success would not be possible. I strongly believe we are marching to a bright future with the continuous support of our shareholders and all other stakeholders.  With thanks   Hafiz Ahmed Mazumder MP Chairman  Source: Pubali Bank Ltd Website