THE BANGLADESH

Details & Description

Establishment / History:

Bangladesh Association of Banks (BAB) is an advisory service organization for the private sector commercial banks. It has now emerged as an effective forum for exchanging views on problems being faced by the banking sector of Bangladesh and for formulating common policy guidelines in addressing such problems.

Established under Companies Act- 1913, BAB started its activities in 1993 with 9 (nine) Private Commercial Banks which increased to 38 at the end of the year 2018.

Vision of BAB:

Bangladesh Association of Banks’ vision is to guide its member banks to inject dynamism and innovative banking practices in Bangladesh, ensuring competitiveness that is at par with global practices. Our challenge for this millennium is to bring forth new ideas in banking, create new strategies for member banks to develop transparency and initiate concerted efforts for coordinated growth of the banking sector.

BAB is determined to work in close proximity and guidance of Bangladesh Bank and play a pioneer role in strengthening the banking sector. The Association offers to implement the present day concepts of corporate culture in the banking institutions and automated banking through online and internet based banking. The Association was formed with the main objective of taking common approach towards solving the problems faced by the banking sector. Keeping this objective in view the Executive Committee of the Association reviews the important issues affecting the banking sector. The members of the Executive Committee, both collectively and individually, take up the issues with the Ministry of Finance, the Governor, Bangladesh Bank, International Agencies like the World Bank, the IMF etc. and other appropriate authorities for making realistic solutions in order to tide over the difficulties faced by the banking sector. In short, the Association ensures stability and sound growth whilst enhancing the value of shareholders investments.

Mission of BAB:

Bangladesh Association of Banks (BAB) is an advisory service organisation for the private sector commercial Banks. It has now emerged as an effective form for exchanging views on problems being faced by the banking sector of Bangladesh and for formulating common policy guidelines in addressing such problems. Above all, BAB will become most caring, focused for equitable growth of the Banking sector by providing advisory service with policy guideline to address any sort of problem and help the Banks to be gainfully profitable for contributing to the economy of the Country.

Chairman Message:

It is my great pleasure to mention that from the very beginning Bangladesh Association of Banks (BAB) as the only registered Association of Private Sector Banks in Bangladesh is always proactive for betterment of the Country’s Banking Industry. The idea to promote inter-bank cooperation and to provide an institutional forum for private commercial banks as well as to exchange opinion on various problems faced by them in particular and lead all banks to form an Association for Chairmen and Directors of the Banks namely “Bangladesh Association of “Bangladesh Association of Banks” (BAB) in 1993. Initially members of BAB were 9 (nine) Private Commercial Banks. By the grace of Almighty, the numbers of Member Banks of BAB have increased to 38 at the end of 2018. Bangladesh Association of Banks (BAB) is now an active organization in the Banking arena of Bangladesh. Besides contribution to the Banking industry of the County, BAB highly concentrates also on CSR (Corporate Social Responsibility) activities widely.

In order to enhance efficiency, professionalism and capacity building BAB has developed a Research and Training Centre at BAB Secretariat. To remove the knowledge gap among the different level of bank officials BAB has set up a reference library at RTC of BAB.

Under the leadership of BAB, performance of the banks in the private sector has improved considerably. Private sector Banks have been successful in giving a direction to the economy on how to reach its desired goal and, in fact, BAB has been playing an important role towards the development of the Banking sector in Bangladesh.

In fine, I would like to acknowledge the contributions made by former Chairmen and record may deep sense of gratitude to the members of the Executive

Committee of BAB towards strengthening the Association. I am confident that through our sincere and collective endeavors, BAB will be progressively in a position to make a greater impact on the improvement of the Banking sector and to face the challenge of the 21st Century.

Phone: 02222263478, 02222298885, 02222260301

Email: info@bab-bd.com