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    Ariful Islam
    Pubali Bank Limited began in 1959 as the Eastern Mercantile Bank in East Pakistan, was nationalized as Pubali Bank after Bangladesh's independence in 1972, and was then denationalized and became a private bank called Pubali Bank Limited in 1983. The Bangladeshi government transferred all assets and liabilities of the original Pubali Bank to the new private Pubali Bank Limited. Since then, Pubali Bank Limited has provided commercial banking services across Bangladesh and has become the largest private sector bank.

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    06 History

    Uploaded by

    Ariful Islam
    26 views1 page
    Pubali Bank Limited began in 1959 as the Eastern Mercantile Bank in East Pakistan, was nationalized as Pubali Bank after Bangladesh's independence in 1972, and was then denationalized and became a private bank called Pubali Bank Limited in 1983. The Bangladeshi government transferred all assets and liabilities of the original Pubali Bank to the new private Pubali Bank Limited. Since then, Pubali Bank Limited has provided commercial banking services across Bangladesh and has become the largest private sector bank.

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    Pubali Bank Limited began in 1959 as the Eastern Mercantile Bank in East Pakistan, was nationalized as Pubali Bank after Bangladesh's independence in 1972, and was then denationalized and became a private bank called Pubali Bank Limited in 1983. The Bangladeshi government transferred all assets and liabilities of the original Pubali Bank to the new private Pubali Bank Limited. Since then, Pubali Bank Limited has provided commercial banking services across Bangladesh and has become the largest private sector bank.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    26 views1 page

    06 History

    Uploaded by

    Ariful Islam
    Pubali Bank Limited began in 1959 as the Eastern Mercantile Bank in East Pakistan, was nationalized as Pubali Bank after Bangladesh's independence in 1972, and was then denationalized and became a private bank called Pubali Bank Limited in 1983. The Bangladeshi government transferred all assets and liabilities of the original Pubali Bank to the new private Pubali Bank Limited. Since then, Pubali Bank Limited has provided commercial banking services across Bangladesh and has become the largest private sector bank.

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    HISTORY OF THE PUBALI BANK LIMITED

    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 enterpreneurs in the year 1959 under Bank Companies Act 1913 . After independence of Bangladesh in 1972 this Bank was nationalised as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalised in the year 1983 as a private bank and renamed as Pubali Bank Limited. The Government of the People's Republic of Bangladesh handed over all assets and liabilities of the then Pubali Bank to the Pubali Bank Limited. Since then Pubali Bank Limited has been rendering all sorts of Commercial Banking services as the largest bank in private sector through its branch network all over the country.

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