AB Bank

AB Bank (formerly Arab Bangladesh Bank) is a leading[1] private sector bank in Bangladesh established in 31 December 1981.[2] This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB bank from Arab Bangladesh bank.[3] A former Deputy Managing Director was charged with embezzling 3.25 billion taka from the bank.[4][5] In 2014 AB bank completed its acquisition of Cashlink Bangladesh Limited.[6] A former Vice president and his wife were sentenced to prison terms for embezzlement from the Bank in 2016.[7]

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