Dhaka Bank Company

Dhaka Bank Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Dhaka Bank Limited was founded on April 6, 1995, by Bangladeshi politician Mirza Abbas. The bank emerged during a period of significant reform in the Bangladeshi banking sector, aiming to provide modern banking solutions while retaining a strong connection to the local community and culture.

Parent Company/Ownership Structure

Dhaka Bank operates as a private limited commercial bank. The bank is publicly traded, with a diverse ownership structure that includes institutional and individual shareholders.

Headquarters Location

The headquarters of Dhaka Bank is situated in Dhaka, Bangladesh, specifically at 71 Purana Paltan Ln, Dhaka, Dhaka 1212.

Global Business Scope

While primarily focused on the Bangladeshi market, Dhaka Bank offers a range of services that cater to both local and international clients. It has established a network of branches and service centers across the country, enhancing its ability to serve a broad customer base.

Main Regulatory Bodies

Dhaka Bank is regulated by several key bodies, including:

• Bangladesh Bank (the central bank of Bangladesh)
• Bangladesh Securities and Exchange Commission (BSEC)
• Dhaka Stock Exchange (DSE)
• Chittagong Stock Exchange (CSE)

2. Company History and Development

Key Milestones

• 1995: Dhaka Bank was incorporated and commenced operations.
• 2000: The bank was listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.
• 2003: Expansion of services with the establishment of multiple branches across Bangladesh.
• 2010: Transitioned to a public limited company, enhancing its capital base and market presence.

Business Expansion Journey

Over the years, Dhaka Bank has expanded its operations significantly, growing from a single branch to a network of over 100 branches and multiple service centers. This expansion has been driven by a commitment to providing quality banking services and a focus on customer satisfaction.

Customer Base Growth

Dhaka Bank has successfully built a diverse customer base that includes individual retail clients, small and medium enterprises (SMEs), and large corporations. The bank's emphasis on personalized service and community engagement has been crucial in attracting and retaining customers.

Platform Development History

The bank has continuously invested in technology to enhance its service delivery. This includes the development of online banking platforms, mobile banking applications, and automated teller machines (ATMs) to facilitate easy access to banking services.

Important Awards or Recognitions Received

Dhaka Bank has received various awards for its service quality and corporate governance practices. These accolades reflect the bank's commitment to excellence and its reputation in the industry.

3. Trading Services Offered

Forex Trading Options

Dhaka Bank provides forex trading services, offering a variety of currency pairs for trading. The specific number of currency pairs available may vary, but the bank aims to cover major global currencies to facilitate international transactions for its clients.

Stock Trading Options

As a member of the Dhaka Stock Exchange, Dhaka Bank offers comprehensive stock trading services. Clients can buy and sell shares of listed companies, benefiting from the bank's expertise and support.

CFD Trading Products

Dhaka Bank also offers Contracts for Difference (CFDs), allowing clients to trade on the price movements of various financial instruments without owning the underlying assets. This service provides clients with opportunities to profit from both rising and falling markets.

Other Financial Instruments

In addition to forex and stock trading, Dhaka Bank provides access to other financial instruments, including:

• Cryptocurrencies: The bank is exploring options to offer cryptocurrency trading, aligning with global market trends.
• Commodities: Clients can trade in various commodities, providing a diversified investment portfolio.

Special Services or Unique Advantages

Dhaka Bank differentiates itself by offering personalized financial advisory services, competitive pricing, and a strong focus on compliance and regulatory standards. The bank's commitment to customer service and satisfaction is a key advantage in the competitive banking landscape.

4. Regulatory and Legal Background

Detailed Regulatory Information

Dhaka Bank operates under the supervision of several regulatory bodies, including:

• Bangladesh Bank: Responsible for regulating the banking sector.
• Bangladesh Securities and Exchange Commission (BSEC): Oversees securities and capital markets.
• Dhaka Stock Exchange (DSE): Provides the platform for trading stocks.
• Chittagong Stock Exchange (CSE): Another platform for stock trading.

Legal Entity Structure by Region

Dhaka Bank is incorporated as a private limited company in Bangladesh, with its operations governed by the Companies Act of 1994 and banking regulations set forth by Bangladesh Bank.

Client Fund Protection Measures

The bank adheres to strict compliance measures to protect client funds. This includes maintaining adequate capital reserves and following regulatory guidelines to ensure the safety of customer deposits.

Countries/Regions Served

While primarily serving clients in Bangladesh, Dhaka Bank also caters to non-resident Bangladeshis (NRBs) and international clients, offering a range of services tailored to their needs.

Compliance History

Dhaka Bank has maintained a solid compliance history, consistently meeting regulatory requirements and standards. The bank's commitment to transparency and ethical practices has contributed to its positive reputation in the industry.

5. Competitive Landscape

3-5 Main Competitors

Dhaka Bank operates in a competitive landscape that includes several key players:

1. BRAC Bank Limited: A leading bank in Bangladesh known for its innovative banking solutions.
2. City Bank Limited: Offers a wide range of financial services and has a strong retail banking presence.
3. Eastern Bank Limited: Known for its customer-centric approach and diverse product offerings.
4. Dutch-Bangla Bank Limited: A pioneer in mobile banking and technology-driven services.

Positioning in the Industry

Dhaka Bank positions itself as a reliable and customer-focused bank, emphasizing quality service and community engagement. Its extensive branch network and commitment to technological advancement enhance its competitive edge.

Market Differentiation Factors

Key factors that differentiate Dhaka Bank from its competitors include:

• A strong focus on customer service and satisfaction.
• Continuous investment in technology and digital banking solutions.
• A diverse range of financial products catering to various customer segments.

For more information about Dhaka Bank and its services, learn more.

This article provides a detailed overview of Dhaka Bank Company, covering its history, services, regulatory framework, and competitive landscape. The bank's commitment to excellence and customer service continues to drive its success in the dynamic banking sector of Bangladesh.