{{Short description|Bangladeshi financial institution}} {{Use dmy dates|date=November 2019}} {{Infobox company | name = NRB Bank | logo = Logo of NRB Bank.svg | image = | image_caption = | type = Public | traded_as = | industry = Banking | founder = Mr. Iqbal Ahmed (OBE) DBA | area_served = Bangladesh | key_people = {{unbulleted list|Iqbal Ahmed (Chairman)|Mr. Tarek Reaz Khan (MD and CEO)}}<ref>{{Cite news |title=Mr. Iqbal Ahmed (OBE) DBA new chairman of NRB Bank |url=https://www.nrbbankbd.com/chairmans-message/ |newspaper=The Independent |location=Dhaka |access-date=2017-03-29}}</ref> | products = | services = Banking<br />Financial services | revenue = | operating_income = | net_income = | assets = | equity = | num_employees = | parent = | subsid = | motto = | foundation = 2013 | location = Dhaka, Bangladesh | parent_organization = | homepage = {{URL|www.nrbbankbd.com}} }}
'''NRB Bank''' is one of the fourth-generation private banks in Bangladesh. Iqbal Ahmed, OBE, DBA, founder chairman of the bank and chairman & chief executive of Seamark Group, is the chairman of the NRB Bank.<ref name="again" /> Md Quamrul Islam Chowdhury is the chairman of the executive committee of the bank.<ref name="tbs12May2025" /> Tarek Reaz Khan is the managing director and chief executive officer of NRB Bank.<ref name="management" />
== History == Migrants Bangladeshis had been demanding such a bank since the 1990s. However, Md. Bayazid Sarker, an economist and Central Bank official of Bangladesh, first developed a theoretical structure of the bank and officially floated the idea in his research paper titled "Alternative Resource of World Bank for External Financing in Bangladesh: A Foreign Remittance Approach" on 15 December 2007 in Dhaka.<ref>Sarker, M.B. (2010). Bangladesh Economic Association Samoiki 2010. pp 689–701. thesteps.org</ref> Bangladesh Bank called for NRB bank applications in 2011 and finally issued three NRB Bank (Non-resident Bangladeshis Bank) licenses in 2013; the NRB Banks are NRB Commercial Bank Limited, NRB Bank Limited and NRB Global Bank Limited.<ref>{{Cite news |date=2013-04-03 |title=First NRB bank starts journey |url=https://www.thedailystar.net/news/first-nrb-bank-starts-journey |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref><ref>{{Cite news |date=2013-05-29 |title=NRB Bank takes off |url=https://www.thedailystar.net/news/nrb-bank-takes-off |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref> There is no difference between the operations of a regular bank and a NRB bank.<ref>{{Cite news |date=2017-12-12 |title=No clear BB guideline for NRB banks |url=https://www.thedailystar.net/business/no-clear-bb-guideline-nrb-banks-1503703 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref>
In 2014, NRB Bank provided a loan to Mohammad Shahed, Chairman of Regent Hospital, without proper collateral.<ref name=":0">{{Cite news |last=Khan |first=Mahbubur Rahman |date=2020-07-22 |title=Loan from NRB Bank: No rules meant for Shahed |url=https://www.thedailystar.net/frontpage/news/loan-nrb-bank-no-rules-meant-shahed-1934245 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref> The Anti-Corruption Commission filed two cases over the loans in 2020 against Shahed and bank officials.<ref name=":0" /><ref>{{Cite news |date=2020-07-23 |title=Shahed accused in NRB Bank scam case |url=https://www.thedailystar.net/city/news/shahed-accused-nrb-bank-scam-case-1934581 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref>
In May 2015, Bangladesh Bank provided NRB Bank permission to operate agent banking.<ref>{{Cite news |date=2014-05-30 |title=Bank Asia, NRB Bank get approval for agent banking |url=https://www.thedailystar.net/bank-asia-nrb-bank-get-approval-for-agent-banking-26341 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref>
Md Mehmood Husain was appointed managing director of NRB Bank on 1 August 2016.<ref name="The Daily Star">{{Cite news |date=2016-08-03 |title=Mehmood Husain, new CEO of NRB Bank |url=https://www.thedailystar.net/business/mehmood-husain-new-ceo-nrb-bank-1263457 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref> Md Mukhter Hossain, CEO and managing director of NRB Commercial Bank, was appointed an advisor to NRB Bank on 5 May 2021.<ref>{{Cite news |date=2021-05-05 |title=NRB Bank gets adviser |url=https://www.thedailystar.net/business/news/nrb-bank-gets-adviser-2088377 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref>
In September 2021, a special internal audit of NRB Bank found that the bank engaged in "unethical" investments in the stock market, causing a loss of 1.03 billion taka to the bank and adversely affecting the stock market.<ref>{{Cite news |last=Uddin |first=AKM Zamir |last2=Habib |first2=Ahsan |date=2021-09-29 |title=NRB Bank deliberately loses Tk 103cr to favour stock gamblers |url=https://www.thedailystar.net/business/economy/banks/news/nrb-bank-deliberately-loses-tk-103cr-favour-stock-gamblers-2186416 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref><ref>{{Cite news |date=2021-10-18 |title=NRB Bank involved in stock market scandal? |url=https://www.thedailystar.net/star-multimedia/business-multimedia/news/nrb-bank-involved-stock-market-scandal-2201141 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref> Bangladesh Bank fined the bank 4.95 million taka over the investments and market manipulation.<ref>{{Cite news |last=Habib |first=Ahsan |date=2021-09-17 |title=NRB Bank fined for breaking stock investment rules |url=https://www.thedailystar.net/business/economy/banks/news/nrb-bank-fined-breaking-stock-investment-rules-2177866 |access-date=2025-08-14 |work=The Daily Star |language=en}}</ref><ref>{{Cite news |date=2021-09-16 |title=NRB Bank fined Tk49.50 lakh for share price manipulation |url=https://www.tbsnews.net/economy/banking/nrb-bank-fined-tk4950-lakh-share-price-manipulation-303610 |access-date=2025-08-14 |work=The Business Standard |language=en}}</ref><ref>{{Cite news |title=NRB Bank gets the regulator's stick for overreaching investment ceiling |url=https://thefinancialexpress.com.bd/trade/nrb-bank-gets-the-regulators-stick-for-overreaching-investment-ceiling-1631851054 |access-date=2025-08-14 |work=The Financial Express |language=en}}</ref> The chief financial officer of NRB Bank was terminated.<ref>{{Cite news |date=2021-09-13 |title=How banks fuelled stock prices |url=https://www.tbsnews.net/economy/stocks/how-banks-fuelled-stock-prices-302062 |access-date=2025-08-14 |work=The Business Standard |language=en}}</ref> In the same month, the bank announced its intention to start an IPO.<ref>{{Cite news |date=2021-09-14 |title=NRB Bank to go public |url=https://www.tbsnews.net/economy/stocks/nrb-bank-go-public-302512 |access-date=2025-08-14 |work=The Business Standard |language=en}}</ref> On 27 September 2021, the Anti-Corruption Commission filed charges against M Badiuzzaman, Director of NRB Bank, and his wife for allegedly embezzling 25.3 million taka from the bank.<ref>{{Cite news |title=Case filed by ACC against NRB Bank director and his wife |url=https://www.unb.com.bd/category/Bangladesh/case-filed-by-acc-against-nrb-bank-director-and-his-wife/79572 |access-date=2025-08-14 |work=UNB |language=en}}</ref>
In November 2021, the Bangladesh Securities and Exchange Commission began an investigation into the activities of NRB Bank.<ref>{{Cite news |title=Probe body formed to investigate against NRB Bank |url=https://www.risingbd.com/english/business/news/83352 |access-date=2025-08-14 |work=Risingbd.com |language=en}}</ref>
In March 2025, Iqbal Ahmed, OBE, DBA, was elected chairman of the Board of Directors of NRB Bank, replacing Mohammed Mahtabur Rahman.<ref name="again">{{Cite web |date=2025-03-23 |title=Iqbal Ahmed elected chairman of NRB Bank |url=https://www.nrbbankbd.com/portfolio/iqbal-ahmed-obe-dba-again-elected-as-chairman-of-nrb-bank-plc/ |access-date=2025-08-14 |work=NRB Bank PLC |language=en}}</ref> In May 2025, Md Quamrul Islam Chowdhury was elected chairman of the Executive Committee of the Board.<ref name="tbs12May2025">{{Cite press release |date=2025-05-12 |title=NRB elects new chairman of executive board of directors |url=https://www.tbsnews.net/economy/corporates/nrb-elects-new-chairman-executive-board-directors-1140301 |access-date=2025-08-14 |work=The Business Standard |language=en}}</ref> In mid-2025, Tarek Reaz Khan was appointed as managing director and chief executive officer of NRB Bank for a three-year term.<ref name="management">{{Cite web |title=Tarek Reaz Khan joins as MD & CEO |url=https://www.nrbbankbd.com/management-committee/ |access-date=2025-08-14 |website=NRB Bank PLC}}</ref>
== References == {{Reflist}}
{{Banks in Bangladesh}}
Category:Banks of Bangladesh Category:Banks established in 2013 Category:2013 establishments in Bangladesh