Background of AB Bank Limited

Introducing Bangladesh to its very first private sector bank; AB Bank Limited was
incorporated on 31st December, 1981. Arab Bangladesh Bank as formerly known started its
effective operation from 12th April, 1982 with the mission to be the best performing bank of
the country.
With an ambition to secure its place as the leading service provider, creating lasting value
for its clientele, shareholder, and employees and particularly for the community it operates
in, AB has formulated a golden heritage and an envious legacy that may not be imitated by
many. Achieving plenty of milestones and incorporating numerous changes over the last 34
years, AB has always been authentic to its desire of being the technology driven innovative
bank of Bangladesh. To excel this new era of technological triumph, AB has successfully
introduced internet banking, SMS banking, cutting edge ICT, state-of-art network solution,
24/7 ATM service and many other e-products.
AB has extensively widened its services over the last three decades in both home and
abroad. The bank opened its very first branch at Karwan Bazar on 12th April 1982 and now
has a successful footprint of 101 branches including one overseas branch in Mumbai, India
and 260 plus ATMs spread across the country. it has associated 6 subsidiary companies
including one exchange company in UK, Off-shore Banking Unit and Custodial services with
its core banking activities. The Bank opened its Representative Office at Yangon, Myanmar
and at London, UK for extending its foreign operations.

The Rebranding
AB took a conscious effort to rejuvenate its past identity; that is carried as Arab Bangladesh
Bank Limited for 25 long years. Hence it chose to rename itself as AB Bank Limited and
Bangladesh Bank put its affirmative stamp on November 14, 2007. The banks new logo
symbolizes the blend of bonding and trust. It developed its logo with the auspicious of its
vision and mission and core values with contemporary theme. The new logo represents our
cultural "Sheetal pati" as it reflects the bonding with its clientele and fulfilling their every
need. Thus the new spirit of AB is "Bonding".

Product Gallery
Through its wide slew of diversified product and services, now AB has affirmed its position to
the top rated banks of the country. AB offers a wide range of depository and loan products to
cater virtually for every customer segment. From Student Banking to Priority Banking AB

approximately has all banking products in its repertoire. The product gallery is rich in
content and innovative products and services are introduced in the field of Small and
Medium Enterprise (SME) credit, Women's Entrepreneur, Consumer Loans, Debit and Credit
Cards (Local & International), ATMs, Internet and SMS Banking, Remittance Services,
Treasury Products and Services, Structured Finance for Corporate, strengthening and
expanding its Islamic Banking activities, Investment Banking, specialized products and
services for NRBs, Priority Banking, and Customer Care. AB has High quality products and
services and dedicated Relationship Managers who are committed to financial health
management, preserve lifestyle and maintain priorities of the customers wherever life takes
them.

First of Many Firsts:

First Private Commercial Bank to start Banking Operation (1982)

First ATM at Gulshan Club (1996)

First Teller System in Branches (1982)

First in syndication Finance to BIMAN (2009)

First financing in Ship building : Western Marine (2009)

First in using SWIFT (1999)

First Multi Bank owned Switching network : CBL (2008)

First in opening Merchant Banking Wing (2002)

First to have a Financial House abroad at Hong Kong (1995)

First to open overseas Branch at Mumbai (1996)

First subsidiary for Merchant Banking: AB Investment Limited (2009)

First to have a representative office in Myanmar (2010)

First to invest in Sri Lanka Amana Bank Ltd. (2011)

First Solar Power ATM at Uttara (2011)

Throughout the journey of excellence, AB Bank has been a genuine care giver in the Health,
Education and sports sectors. As Bangladeshs benchmark bank it has always been at the
forefront to assist during critical moments like donating to help the victims of Rana Plaza,
standing beside the families affected by BDR Tragedy, distributing warm cloths among the
victims of Ramu, contributing to the patients of the devastating Nimtoli fire at old Dhaka etc.
Trust and integrity have been the key value components when meeting the expectations of
every stakeholder. As such, AB Bank has molded an exceptionally talented team of
employees helping them reach their optimum potential. Precisely understanding the needs

of customers, the bank has provided new and imaginative schemes that has altogether
redefined convenience in financial services and revolutionized the nature of banking in
Bangladesh.

VISION STATEMENT
To be the trendsetter for innovative banking with excellence & perfection

MISSION STATEMENT
To be the best performing bank in the country

Core Values
Our Compliances
We consider adherence to national policies and objectives a priority for giving our customers
the best financial support with corporate integrity, meaning a fully compliant bank along
with involvement in social development.

Our Customers
We give the best priority on our customer demand and through our endless effort we assure
the best satisfaction to our customers.

Our Shareholders
We assure the best return to our shareholders by commenced performance over a rolling
year.

Our Team Members

We provide secure, satisfying employment, ensuring the contribution of each individual to
the success of ABBL.

M. Wahidul Haque

Chairman

Shamim A. Chaudhury
President & Managing Director

Corporate Finance
Project Finance

Project financing arrangements serve to provide financial resources for specific projects,
which are operated as individual business entities, and the income and cash flows
generated by these projects are used to repay their financial obligations. At AB Bank
Limited, our clients have the advantage of the extensive support of an experienced
team, with innovative financing solutions and access to capital, to meet all the financing
requirements however complex. Dominant sectors in the AB Banks project finance
exposure include Readymade Garments, Textiles, Steel and Engineering, Ship Building,
ICT, Telecom, Power, Food Processing, Pharmaceuticals, Electronics and Light
Engineering.
Working Capital Finance

With over 33 years of experience, AB Bank Limited has unique range of working capital
facilities to meet the requirement of its wide range of client base. AB Bank offers
following affordable, convenient financial solutions which are of paramount importance
in running an efficient enterprise:

Overdraft
Overdraft, a convenient and flexible form of financing is allowed to meet working capital
needs for purchasing of raw materials/inventory, financing receivables, meeting routine
operating expenses and overheads of a business.
Time Loan
Time Loan facility is allowed to meet different short-term working capital requirements
(for tenors up to 12 months) of the client.
LTR

Loan against Trust Receipt popularly known as LTR is allowed as a post import finance
for retirement of LC documents. This allows an importer to sell the goods/consignment
within a specified time and repay the Banks dues.
Packing Credit
Packing Credit popularly known as PC is allowed to finance exporters only to procure
raw materials against respective export orders.
EDF Loan
Loan under Export Development Fund provides an easy access to cheaper financing in
foreign exchange for input procurements by manufactures producing final output for
direct export, and also by producers of intermediate outputs to manufacturers of the
final export to meet their short term liquidity requirements. AB Bank facilitates this
financing to its eligible clients to gain competitiveness in global market.
Bank Guarantee
A Bank Guarantee represents an irrevocable obligation of the bank to pay a specified
amount of money if the party for which the bank is giving the guarantee does not fulfil

its contractual obligations. Types of Bank Guarantee include:

Bid Bond is issued for helping Contractors/Suppliers to participate in different
Tenders.

Performance Guarantee (PG) is issued to ensure Contractors /Suppliers

performance against assigned contracts.

Advance Payment Guarantee (APG) is issued to help Contractors /Suppliers

secure advance against the awarded contracts to ease their financial constraints.

Security Bond (Payment Guarantee) is issued in favor of various utility

companies, customs authorities, shipping agents, airlines etc. within the purview of
regulatory rules & regulations.

Guarantees against Counter Guarantee of any reputable and rated foreign banks
are also issued to meet different business needs.
Foreign Bill Purchase (FDBP)
Foreign Bill Purchase (FDBP) is allowed at the request of the Exporter against complied
export documents or against acceptance to improve the cash flow of the client.
Inland Bill Purchase (IBP)
Inland Bill Purchase (IBP) is allowed as finance against deferred inland bills duly
accepted by reputed banks and to improve the cash flow so that clients propensity to do
increased business is facilitated.
Buyers Credit

Buyers Credit is a short term credit available to an importer (Buyer) from overseas
Lenders such as Banks and other Financial Institutions for goods they are importing. The
overseas Banks usually lend the Importer (Buyer) based on the Letter of Comfort (a
Bank Guarantee) issued by the Importers Bank. AB Banks global reputation and
acceptance provides its Clients easy access to cheaper foreign funds.
Trade Finance

AB Bank Limited offers a comprehensive range of trade finance products designed to aid
trade (Both local and international). The extensive choice of products comprises of the
following:

Trust Receipt
Loan against Trust Receipt popularly known as LTR is allowed as a post import
finance for retirement of LC documents. This allows an importer to sell the
goods/consignment within a specified time and repay the Banks dues.
Packing Credit
Packing Credit popularly known as PC is allowed to finance exporters only to
procure raw materials against respective export orders.
EDF Loan
Loan under Export Development Fund provides an easy access to cheaper
financing in foreign exchange for input procurements by manufactures producing
final output for direct export, and also by producers of intermediate outputs to
manufacturers of the final export to meet their short term liquidity requirements.
AB Bank facilitates this financing to its eligible clients to gain competitiveness in
global market.
Import Letters of Credit
A Letter of Credit is a payment undertaking of the issuing/Opening Bank to the
Beneficiary against complying presentation. In case of Letters of Credit, AB Bank
makes payment only after presentation of complying documents as per the terms
of the Credit which ensures a safer and cheaper alternative to making advance
payments or deposits.
Export Letters of Credit
AB Bank ensures prompt advising of Export Letters of Credit which are received
from a wide network of International Banks, to the Beneficiaries.
Shipping Guarantee
The Shipping Guarantee is issued upon the customers request for the purpose of
receiving goods which has reached the port, while the original Transport
Document under the L/C has not been received. The customer can take the
delivery of goods from the carrier with the shipping guarantee, then exchange
with the shipping guarantee upon receiving the original Transport Document.
This minimizes the warehousing costs due to the deferred delivery of goods at
port and avoids losses as a result of the changes in market conditions and in the

quality of goods. It also enables customers to reduce the fund occupation and
improve cash flow.
Foreign Bill Purchase
Foreign Bill Purchase (FDBP) is allowed at the request of the Exporter against
complied export documents or against acceptance to improve the cash flow of
the client.
Inland Bill Purchase

Inland Bill Purchase (IBP) is allowed as finance against deferred inland bills duly
accepted by reputed banks and to improve the cash flow so that clients propensity to do
increased business is facilitated.
Foreign Documentary Bill Collection

Foreign Documentary Bill Collection is a trade transaction in which the exporter hands
over the task of collecting payment for goods supplied under Letter of Credit to his or
her bank, which sends the shipping documents to the importers bank together with
payment instructions. AB Banks skilled manpower makes the process easy for its
clients.
Bank Guarantee

A Bank Guarantee represents an irrevocable obligation of the bank to pay a specified

amount of money if the party for which the bank is giving the guarantee does not fulfil
its contractual obligations. Types of Bank Guarantee include:

Bid Bond is issued for helping Contractors/Suppliers to participate in different

Tenders.

Performance Guarantee (PG) is issued to ensure Contractors /Suppliers

performance against assigned contracts.

Advance Payment Guarantee (APG) is issued to help Contractors /Suppliers

secure advance against the awarded contracts to ease their financial constraints.

Security Bond (Payment Guarantee) is issued in favor of various utility

companies, customs authorities, shipping agents, airlines etc. within the purview of
regulatory rules & regulations.

Guarantees against Counter Guarantee of any reputable and rated foreign banks
are also issued to meet different business needs.

Standby Letter Of Credit

Standby Letter of Credit is a guarantee (undertaking) of payment issued by a bank on

behalf of its client that is used as a safety net, should the client fail to perform a
contractual obligation with a third party. Standby letter of credit is issued as a sign of
good faith in business transactions, and serves as a testimony to a buyers
creditworthiness and repayment abilities.
Buyers Credit

Buyers Credit is a short term credit available to an importer (Buyer) from overseas
Lenders such as Banks and other Financial Institutions for goods they are importing. The
overseas Banks usually lend the Importer (Buyer) based on the Letter of Comfort (a
Bank Guarantee) issued by the Importers Bank. AB Banks global reputation and
acceptance provides its Clients easy access to cheaper foreign funds.
Offshore Banking

AB Bank Limited commenced operation of its Off-Shore Banking Unit (OBU) located at
EPZ Branch of the Bank at Halishahar, Chittagong under the license issued by
Bangladesh Bank.
In line with the Bangladesh Bank Guideline, AB OBU offers following products &
services:
Foreign Currency Time Loan/Term Loan

Foreign currency Loans are available to both resident (with BOI permission) and foreign
owned companies under a set of agreed terms and conditions.
Buyers Credit

Companies may avail Foreign Currency refinance against Deferred Export

L/Cs/Orders/Bills to offset import constraints and to ease cash flows.
Bill Discounting (Import Bills)

OBU offers bill discounting facility against import bills to secure clients business growth
and improve their negotiating base with suppliers. This discounting is against import

L/Cs originating in Bangladesh for a minimum period of 180 days (raw materials) at
LIBOR ++ and 360 days for capital machineries upon acceptance from reputed and
rated Banks.
Discounting of Export Bill

An exporter derives benefit from interest rate differential when discounting export bills
including Deferred Payment (DP) Bills by OBU.
Add Confirmation to L/Cs Issued

Confirmation of L/Cs to Foreign Suppliers Assist in the smooth execution of L/C Term. AB
OBU adds confirmation to Deferred Credits issued by other Banks or Branches of AB
Bank Conveniently like any offshore Foreign Bank.
International Banking

Mumbai Branch, India.

AB Bank Limited established its first full-fledged overseas branch at Mumbai, India in the year 1996 as a
foreign company under the provisions of the Companies Act, 1956 of India. The Indian Branch of the Bank
encompasses all the conventional banking facilities like General Banking, Credit and Trade Finance. The
branch focuses more on the Correspondent banking business which facilitates Indo-Bangla trade to increase
business relationship between India & Bangladesh for mutual economic benefits of both the countries. The
branch is awarded with Authorized Dealer (AD) category one Bank and has a Real-time On-line link with
Head Office in Dhaka, Bangladesh and also a member of SWIFT. Though the branch concentrates on IndoBangla trade, the same has become the center of excellence for business as well as point of contact for the
people of both the country over the years.
PRODUCTS:
Mumbai Operations include a wide variety of products in line with Reserve Bank of Indias (RBI) instructions
to meet the changing need and demand of the customers as under;
Correspondent Banking

Mumbai Branch maintaining account relationship with renowned financial conglomerate

like Jpmorgan Chase Bank, HSBC, Commerz Bank AG to facilitate its trade related
services. It also maintains VOSTRO accounts under Asian Clearing Union (ACU)
mechanism with a number of banks and handling good volume of trade finance related

business. The branch is manned and managed by an experienced and potential

professional team committed to provide efficient and quality services to our
correspondents. Correspondent banking business includes;
Islami Banking Finance

AB Banks Sharia compliant Islamic products and services cater for various aspects of
banking ranging from everyday transactions to financing, investments for individuals,
and corporate customers.
AB Bank Islamic Banking Branch is a professional set-up who are responsible for
providing appropriate solutions, consultations for planning, following-up execution and
developing Islamic banking activities. Moreover that occurs in coordination with the
relevant bodies in line with the strategic trends and business plans. In addition to
developing and offering Sharia compliant banking products and services, AB Bank
follows up implementation by the assistance of pioneer professionals.
Sharia Committee

AB Banks Sharia compliant Islamic products:

Hire Purchase under Shirtatul Melk

HPSM Facility allows the client to procure assets such as machinery, land, car etc. on
equity participation basis. The Bank rents out its portion of assets to the client for a
certain period. The client pays the rental with a part of principal amount on monthly /
quarterly basis. The client gets its proportionate ownership with the payment of monthly
/ quarterly installments. On maturity, total ownership of the assets automatically
transfers to the client as and when final payment of the account is made.
Bai Muajjal/Bai-Murabaha

These products are for the clients who are seeking working capital finance. Under these
schemes bank purchases goods / raw materials as per requirement of the client. In case
of Bai-Muajjal bank receives the sales proceeds on deferred payment basis And in case
of Bai-Murabaha, Bank receives the sale price at the time of delivery of the goods / raw
materials. Before handing over the goods / raw materials the bank generally keeps the
same in its custody under pledge.

Ijara or Leasing

This product is similar to HPSM. In this case equity participation may or may not exist.
Ownership of the asset is not automatically transferred to the Client with the payments
of installments. On maturity, the Bank transfers the ownership to the Client on payment
of certain transfer fees
Musharaka

This product allows the Bank and the client to jointly participate in a scheme or project.
Profit is shared between the Bank and the concerned client as per the pre-agreed ratio.
On the other hand loss is shared according to the capital ratio.
Mudaraba

Through Mudara Facility Bank finances the scheme as a Shaheb-Al-Maal (owner of the
capital). Profit is shared between the two sides as per pre-agreed ratio.
Foreign Trade

Foreign Trade is facilitated by complying , Shariah principles and concerned rules &
regulations of the country provides the following services at its foreign trade desks:

Opening of LCs

Post-Import Finance

Export bill purchase and negotiation

Pre-shipment financing etc

AB Bank Limited has a proven track record as bookrunner, mandated lead arranger and
underwriter of Syndicated loans. Due to the long experience and flexible handling the Bank
can offer clients tailored loans as well as a complete service for complex transactions
through Syndication.
As an unwavering financial partner with substantial underwriting capacity, the Bank offers
clients the following facilities:

Structured Finance

Deal Structuring

AB Bank Limited through its Structured Finance Division helps customization of the
terms of a Syndicated Finance, providing flexibility to suit the requirement justified by
Cash flow forecast of the project. AB Bank Limited has successfully structured a number
of deals in various business sectors as follows:

ITC (International Terrestrial Cable) Industry.

Garments Industry.

Power Plant.

Effluent Treatment Plant.

AB Bank Limited welcomes any eligible, potential investor in any business segment
(Infrastructure, Manufacturing Sectors are preferred) to provide tailor made solutions to
its financial needs.
Equity Financing

Equity financing is an alternative to debt financing and is basically formation of capital

by offering participation in preferred or common stock institutional investors. Depending
on the clients need, AB Bank Limiteds Structured Finance Division arranges Equity
Financing Support.
Corporate Advisory Services

AB Bank Limited offers a host of consulting services which includes preparing Feasibility
Report, providing complete financial solutions to diversified business entities to meet
the challenges with efficiency and achieve their business goals.

SME Loan Products

Gati
A loan facility for meeting regular as well as additional requirements of businesses; i.e. i..

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Proshar

It is long term finance for infrastructure development /capacity building etc.; i.e. term..

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Digun
Double amount of loan against value of the savings instrument (ABBL FDR, DDS) to..

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Sathi
Term loan for CNG Refueling conversion/ Light Engineering/ project finance..

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Chhoto Puji
Collateral free loan for working capital/fixed investment requirement

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Uddog
Loan for new entrepreneur/ business.(for working capital as well as fixed capital
investment)..

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Awparajita
A loan facility for meeting working capital requirement as well as fixed investment..

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Uttaran

Deposit Products
Savings Accounts

Boost your bank balance with AB Bank's savings account...

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Current Account
Suit your business needs with AB bank's current account...

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FDR Account
Grow Your Money with attractive inrest rate with AB Bank's FDR Account...

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Deposit Double Scheme

Doubling your investment

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Monthly Income Deposit

Fixed deposit scheme with monthly returns...

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Scheme Deposit
Magic of turning customers monthly small amount of savings...

Loan Products
Personal Loan
Personal Loan may be availed for any purpose...

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Auto Loan

Purchase of Brand new cars. Purchase of Re-conditioned cars...

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Home Loan
Fullfill your dream of owning a home...

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Local Subsidiaries
AB Securities
AB Securities Limited (ABSL), a wholly owned subsidiary of AB Bank Limited...

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AB Investment
AB Investment Limited (ABIL), a company limited by shares has incorporated...

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Foreign Subsidiaries
AB International Finance Limited
AB International Finance Limited is a limited...

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AB Exchange (UK) Limited

AB Exchange (UK) L
To meet the financial requirement of any dealers/ suppliers/ agent/ distributors..