Professional Documents
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DBBL
SWIFT Code
DBBLBDDH
Stock Code
DUTCHBANGL
Category
Commercial
Type
Private
Origin
Local
Description
Stock Exchange
DBBL is listed with both the stock exchanges in Bangladesh, the Dhaka Stock Exchange
Limited (DSE) and the Chittagong Stock Exchange Limited (CSE).
DBBL is most widely recognized for its donations to social causes and its IT investment
(largest ATM network). However it has recently stated that it will stop expansion on its
ATM network as the current numbers have exceeded demand and hence diminishing
returns (if any). Although it is widely believed it is a loss-making/subsidized unit which
DBBL rationalizes as quasi CSR.
After instability and frequent management changes in its initial years, DBBL overcame
these obstacles to establish rapid growth since the year 2000. The bank grew its
reputation through social work rather than profits. The bank's conservative nature, long-
term strategies, hefty social donations and technology investments have always led to
modest but steady profits. DBBL has been known to be overly conservative in its
banking practices. Much of the success and strategy has been attributed to the leadership
of the founder chairman, M Sahabuddin Ahmed.
Despite being the largest corporate donor in Bangladesh, investor confidence was
unhindered. In March 2008, DBBL share prices reached Tk. 14325.80 in the Dhaka Stock
Exchange, setting the record for the highest stock price in the history of Bangladesh. It is
also one of the few banks that does not participate in merchant/investment banking
(which can lead to sporadic growth).
ATM Networks
With more than 1000 of ATM booths all over the country, DBBL's has the largest ATM
networks in Bangladesh. DBBL offering free access to its ATM network for its
subscriber. This network helped DBBL gaining more popularity and confidence among
subscriber and expanding banking opportunity to mass people. This entire network is
being maintained by its own IT staff without any 3rd party dependency.
With this vast number of ATMs installed, Dutch-Bangla Bank initiated a co-branded
ATM initiative in Bangladesh where the bank would provide ATMs and networking free
of charge to any bank's branches. Mutual Trust Bank was the first bank to take the
advantage and the first co-branded ATM in Bangladesh started operation on 28 May
2008.
Fast Track
In 2010, Dutch Bangla Bank Limited (DBBL) introduced "Fast Track" in the country
which is the first of its kind in the country that is like a mini branch. Along with the
generic ATM withdrawal service, it lets the customer deposit small amounts of money to
DBBL account with a limit of 20,000 BDT. Moreover, the Fast Track also provides some
account opening service and loan information. By 2010, DBBL has installed 50 Fast
Tracks in Dhaka, Chittagong and Sylhet cities.
Mobile Banking
Dutch-Bangla Bank Limited (DBBL) is the first bank in Bangladesh, who introduced
mobile banking service to bring poor people from remote area under smart banking
service. Bangladesh Bank has already allowed 10 banks to initiate mobile banking with
the aim to connect the deprived section of the society with the modern banking system,
DBBL is the first runner among of them.
DBBL is operating this new innovative banking service through Banglalink and Citycell
mobile operator and their approved agents through out the country. One can create a bank
account visiting any of the approved agents showing proper documents with a fee of Tk
10. Subscriber must own a mobile phone to get the service. Once the account is created, a
4 digit mobile banking PIN code will be provided to perform all sort of banking activities
securely and secretly. Subscriber can withdraw and deposit cash amount from his mobile
going to the agents and agents will guide and help the customers if there is any difficulty.
Since, mobile network is extremely insecure and data are sent unencrypted, a customer
can deposit or withdraw money five times a day and he can deposit or draw Tk 5,000 per
day. One percent of the transaction amount or Tk 5, whichever is higher, will be taken as
cash-in-charges. In case of cash out the charge will be 2 percent of the transaction amount
or Tk 10. However, the registration fee, salary and remittance disbursement services will
be provided free of cost.
Source: Wikipedia
Established
1996
Website
http://www.dutchbanglabank.com
Mission
Dutch-Bangla Bank engineers enterprise and
creativity in business and industry with a
commitment to social cause. "Profits alone" do
not hold a central focus in the Banks operation;
because "man does not live by bread and butter
alone".
Core
objectives
Dutch-Bangla Bank believes in its
uncompromising commitment to fulfill its
customer needs and satisfaction and to become
their first choice in banking. Taking cue from its
pool of esteemed clientele, Dutch-Bangla Bank
intends to pave the way for a new era in
banking that upholds and epitomizes its vaunted
marques "YOUR TRUSTED PARTNER."