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With the emergence of Bangladesh as an independent, sovereign state in 1971 after a devastating nine month war against the West Pakistani occupation army, a war, full of blood and tears, trauma and pain of millions of our beloved ones, the legacy of rebuilding the already broken financial base of the country was felt as an urgent call of the day against a collapsed economic reality of a newly born state.
Inception
In this backdrop, in order to rebuild the country’s economy, measures had been taken to merge a number of banks previously operated in this region and make new banks and this initiatives led to formation of Janata Bank in 1972 by combining the erstwhile United Bank Limited and Union Bank Limited under the Banks Nationalization Order (President’s Order No. 26) of 1972.
Corporatization
In 15 November, 2007 Janata Bank got registered with the Joint Stock of Registrars and restructured it as a public limited company with the name Janata Bank Limited.
Roundup
Including 4 overseas branches in United Arab Emirates Janata Bank runs its business with 912 branches across the country having a big family of around 12,939 (As on 31.03.2017) employees with its head office located at Janata Bhaban at Motijheel C/A, the heart of the capital city, Dhaka.
At the end of 2016 the Bank held Deposit BDT 641,819.15 million, Advance BDT 403,037.41 million with Authorized capital BDT 30,000 million and Paid-up Capital BDT 19,140 million.
Janata Bank Limited, a corporate body trusted over the years, the 2nd largest (in respect of Deposits/Assets) commercial bank in Bangladesh, has been playing pivotal role in overall financial activities of the country and is possessing a long heritage of discharging laudable services to the society since her embankment immediately after the emergence of this verdant rich alluvial soil as a sovereign, independent state.
The contribution of the Bank to the national economy and social reform has set standard bar so high that others in this business can’t help aspire touching the benchmark of success earned by JBL. More so a matter of great honour is that the contribution, commitment and success of the Bank have been recognized with a number of prestigious awards by national and international organizations of repute.
