Probashi Kallyan Bank is a state-owned bank in Bangladesh, a specialized financial institution for non-resident Bangladeshis.[1][2][3]
The Bank was started in 2010 by the Government of Bangladesh to provide financial services to oversea Bangladeshis.[4] It had a start up capital of 1 billion taka. 95 percent of the capital came from Wage Earners' Welfare Fund and five percent from the government of Bangladesh.[5]
On 11 September 2016, Md Wahiduzzaman Khandaker was appointed Managing Director of Probashi Kallyan Bank.[6]
The bank has faced allegations of corruption and nepotism.[7] The bank also faced manpower shortages in 2020 harming daily operations of the bank.[8]
Expatriates' Welfare Minister Imran Ahmad is March 2021 announced plans to establish branches of the bank in every Upazlia in Bangladesh.[9] In August 2021, Probashi Kallyan Bank signed an agreement with NCC Bank to cooperate in remittance disbursement.[10]
Probashi Kallyan Bank established a currency exchange booth at the Hazrat Shahjalal International Airport in June 2022.[11] In September 2022, Md Mazibur Rahman was appointed Managing Director of Probashi Kallyan Bank.[12][13] The previous Managing Director of the Bank, Md Zahidul Haque, was appointed Managing Director of Rajshahi Krishi Unnayan Bank.[14]
