Annual gathering of AB Bank's management and shareholders takes place for the 43rd time
AB Bank PLC Celebrates 43rd Year, Embraces Digital Transformation and Financial Stability
AB Bank PLC, the pioneer of private sector banking in Bangladesh, recently held its 43rd Annual General Meeting (AGM) on 5 August 2025. The event, chaired by Kaiser A Chowdhury, was attended by the Board of Directors, Managing Director Syed Mizanur Rahman, CEO Syed Mizanur Rahman, and a large number of shareholders.
During the meeting, several key decisions were made, including the re-election and appointment of directors. Shajir Ahmed was re-elected as a director, and Dr. Nasima A Rahman was appointed as an independent director. The shareholders also approved the Directors' Report and the Audited Financial Statements for the year ending 31 December 2024.
M M Rahman & Co, Chartered Accountants, were appointed as the statutory auditor, and SF Ahmed & Co, Chartered Accountants, as the corporate governance compliance auditor for 2025.
In its 43rd year, AB Bank expressed gratitude to regulators, depositors, shareholders, and sponsors for their continued support. The bank outlined a renewed focus on digital transformation, targeting improved operational readiness and alignment with revised loan classification and provisioning norms. This includes strengthening credit risk frameworks, borrower engagement, and monitoring to minimize non-performing loans.
To overcome liquidity challenges and boost depositor confidence, AB Bank has adopted a multi-pronged strategy. This includes diversifying funding sources, launching interest-bearing accounts for business clients, and expanding Islamic banking services to cater to Shariah-compliant financial needs.
These developments mark AB Bank's commitment to regulatory compliance, digital modernization, and financial stability as it enters its 44th year of operation. The bank's strategic focus on digital transformation and financial stability is a testament to its dedication to providing superior services to its customers and stakeholders.
[1] The Financial Express. (2025, August 6). AB Bank appoints M M Rahman & Co as statutory auditor for 2025. Retrieved from https://www.financialexpress.com.bd/banks-finance/ab-bank-appoints-m-m-rahman-co-as-statutory-auditor-for-2025-1596780083
[2] The Daily Star. (2025, August 6). AB Bank outlines digital focus, liquidity strategy at 43rd AGM. Retrieved from https://www.thedailystar.net/business/ab-bank-outlines-digital-focus-liquidity-strategy-at-43rd-agm-1999440
[3] The Financial Express. (2025, August 6). AB Bank thanks stakeholders at 43rd AGM. Retrieved from https://www.financialexpress.com.bd/banks-finance/ab-bank-thanks-stakeholders-at-43rd-agm-1596780157
[4] The Daily Star. (2025, August 6). Kaiser A Chowdhury presides over AB Bank's 43rd AGM. Retrieved from https://www.thedailystar.net/business/kaiser-a-chowdhury-presides-over-ab-banks-43rd-agm-1999439
- The bank significantly emphasized its strategic focus on digital transformation, which aligns well with its business operations and ensures financial stability.
- To maintain financial stability and improve business performance, AB Bank adopted a multifaceted approach, including diversifying funding sources and launching interest-bearing accounts for business clients.
