Rupali Bank Limited Bangladesh

Rupali Bank Ltd. was constituted with the merger of 3 (three) erstwhile commercial banks i.e. Muslim Commercial Bank Ltd., Australasia Bank Ltd. and Standard Bank Ltd. operated in the then Pakistan on March 26, 1972 under the Bangladesh Banks (Nationalization) Order 1972 (P.O. No. 26 of 1972), with all their assets, benefits, rights, powers, authorities, privileges, liabilities, borrowings and obligations. Rupali Bank worked as a nationalized commercial bank till December13, 1986. Rupali Bank Ltd. emerged as the largest Public Limited Banking Company of the country on December 14, 1986.


::Present Capital Structure::


Authorized Capital
:
Tk. 7000 million (US$ 120.70 million)


Paid up Capital
:
Tk. 1250 million (US$ 21.55 million)


::Break up of paid up Capital::


Government shareholding
:
93.11%


Private shareholding
:
06.89 %


::Present Share Structure::


Total Number of share (Each lot 10)
:
1,25,00,000


Share Demated by shareholders as on 31.03.2010
:
749306



::Financial Statement::



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::Number of Branches::



Rupali Bank operates through 504 branches. It is linked to its foreign correspondents all over the world.



::Number of Zones and Corporate Offices::



The Corporate Head Office of the Bank is located at Dhaka with one local office (Main Branch), four corporate branches at Dhaka, one in Chittagong and twenty-five zonal offices all over the country.



::Number of Employees::



The total number of employees is 4293.



::Mission of the Bank::



The bank participates actively in socio-economic development of the country by performing commercially viable and socially desirable banking functions.



::Board of Directors::



The Board of Directors is composed of eight members headed by a Chairman and the directors comprised of representatives from both public and private sectors and shareholders.



::Chief Executive::



The Bank is headed by the Managing Director (Chief executive) who is a reputed professional Banker.