Bangladesh Commerce Bank Limited

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Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.

The bank can trace its origins to the former Bangladesh Commerce and Investment Limited, set up on 27 January 1986.[2] It was a non-bank financial institution. In April 1992 its activities were suspended by Bangladesh Bank due to a liquidity crises.[2] To protect the banking sector, the employees, and customers of the firm, it was changed into a bank by Bangladesh Bank.[2] Bangladesh Commerce Bank Limited was incorporated on 1 June 1998.[2] S Alam Group is an investor in the bank.[3]

In August 2004, Bangladesh Bank placed in a watchlist of "problem banks".[4] The bank donated to Prime Minister Khaleda Zia's relief fund.[5] Md Enayet Ullah was appointed managing director of the bank.[6]

A branch of the bank in Ashulia, Bangladesh was robbed on 21 April 2015. Nine people including the bank manager were killed.[7] One of the robber was killed and 2 were captured out of an estimated 8-9 robbers.[8] The attack was blamed on Islamic militants. 6 members Jama’atul Mujahideen Bangladesh (JMB) and Ansarullah Bangla Team were sentenced to death in the case and others were imprisoned.[7][9][10]

In 2018, Bangladesh Commerce Bank Limited had 31.6 per cent bad loans.[11]

In 2021, Bangladesh Commerce Bank Limited had found it difficult to recover 5.02 billion taka it had deposited with six non bank financial institutions.[12] The institutions were Bangladesh Industrial Finance Company LimitedFAS Finance and Investment LimitedFirst Finance LimitedInternational Leasing and Financial Services LimitedPeoples Leasing and Financial Services Limited, and Premier Leasing and Finance Limited.[12] Some of the institutions funds were embezzled by Prashanta Kumar Halder.[12]

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