The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh.[3][4] Dr. H. B. M. Iqbal is the Chairman[5] and Shafiqur Rahman is one of the founders and director of this Bank.[6] M. Reazul Karim, FCMA is the current managing director & CEO.[7]
The Premier Bank Limited was incorporated on 10 June 1999.[3][8] Bangladesh Premier league sold its tickets in 2013 from branches of the bank.[9]
In June 2005, Bangladesh Bank fined Premier Bank Limited for failing to comply with Know Your Client (KYC) requirements.[10] Bangladesh Securities and Exchange Commission sued HBM Iqbal for using fake accounts in the stock market.[11] Bangladesh Bank carried out its investigation of the accounts.[12]
Khondker Fazle Rashid was appointed managing director of Premier Bank in October 2007.[13]
In February 2008, M Shah Alam Sarwar was appointed managing director of Premier Bank.[14]
In 2013, Bangladesh Bank launched an investigation into an allegations against Bank's then vice chairman Bazlul Haque Haroon.[15] A client of the bank, Khalilur Rahman, claimed that bank's then vice chairman BH Haroon, stole Tk 134 crore from his account in 2008 in collusion with some bank officials. Khalilur, got a Tk 203 crore work order for building 15,000 houses in Sidr affected areas in southern Bangladesh in June 2008. The project was funded by the Saudi government. Khalilur opened an account with Bangshal branch of Premier Bank to make transactions for the project. He received Tk 203.06 crore from the Saudi government through seven cheques. Khalilur withdrew Tk 69.11 crore from the account, and kept the remaining Tk 133.95 crore deposited in his account.[16] After primary investigation, The Anti-Corruption Commission has found evidence of embezzlement of Tk 62 crore from the account of a client of Premier Bank's Bangshal branch.[17] Premier Bank sued nine bank officials accusing them of embezzling about 593.4 million BDT from bank along with Bismillah Towels Group.
