History
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 entrepreneurs in the year 1959 under Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions. After independence of Bangladesh in 1972 this Bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank PLC. Since inception this Bank has been playing a vital role in socio-economic, industrial and agricultural development as well as in the overall economic development of the country through savings mobilization and investment of funds.
At Present, Pubali Bank is the largest private commercial bank having
508 Branches,
207 Sub-Branches,
25 Islamic Banking Windows and Branches
and it has the largest real time centralized online banking network.
Business Growth
Pubali Bank PLC. has achieved dynamic profit growth over the period. It has observed profit growth in 2023 by 35.42% compared to last year and Compound Average Growth Rate (CAGR) during last 10 (ten) years is 8.05%. Deposit and advances has also increased consistently over 10 years by 12.12% and 13.97% respectively. Following table summarizes the performance of the key financial indicators of the Bank.
(Taka in Crore)
| Year |
Deposit |
Advance |
Import |
Export |
Profit |
Classified Advances |
Remittance |
NPL |
| 2014 |
19,309.02 |
14,997.45 |
9,751.69 |
7,707.13 |
708.14 |
937.76 |
4,354.17 |
6.25% |
| 2015 |
22,480.86 |
17,312.54 |
11,256.43 |
8,574.04 |
733.41 |
921.84 |
4,380.70 |
5.32% |
| 2016 |
24,727.85 |
20,301.12 |
12,185.20 |
8,676.41 |
655.65 |
1,092.15 |
3,775.70 |
5.38% |
| 2017 |
27,160.58 |
23,953.96 |
14,167.02 |
9,612.75 |
818.49 |
2,078.69 |
3,659.30 |
8.68% |
| 2018 |
30,889.98 |
27,090.95 |
15,571.37 |
10,486.16 |
885.77 |
1,477.83 |
4,056.50 |
5.46% |
| 2019 |
35,941.89 |
28,703.46 |
15,698.01 |
10,038.19 |
945.78 |
1,256.06 |
5,265.69 |
4.38% |
| 2020 |
42,934.30 |
31,557.89 |
16,424.04 |
8,734.01 |
837.96 |
862.20 |
5,211.34 |
2.73% |
| 2021 |
46,240.02 |
37,665.64 |
27,978.00 |
12,979.94 |
944.35 |
1,148.01 |
6,050.00 |
3.05% |
| 2022 |
51,083.65 |
46,188.41 |
27,438.30 |
18,317.49 |
1,133.75 |
1,212.12 |
8,681.34 |
2.62% |
| 2023 |
60,629.64 |
55,449.55 |
29,544.60 |
19,674.70 |
1,535.31 |
1,586.20 |
12,300.00 |
2.86% |