Social media was abuzz yesterday with news of actress Tama Mirza joining the Brand Communication Department of AB Bank. While the announcement drew considerable attention, it also prompted speculation over whether she was stepping away from acting.

AB Bank has made a decisive strategic shift toward micro, small and medium enterprises (MSMEs), moving away from its earlier concentration in large corporate lending, said Reazul Islam, acting managing director and CEO.

AB Bank’s bad loans have ballooned to an unprecedented level, with nearly 84 percent of its total loans in default, a sign of severe financial distress caused by years of irregularities at the country’s first private commercial lender.

He submitted his resignation letter to the bank's board of directors on Friday from the US, senior bank officials confirmed to The Daily Star today. 

Once a reputable private commercial lender, AB Bank’s financial health is now deteriorating gradually due to boardroom mismanagement, loan irregularities, illegal facilities availed by its sponsors and inaccurate measures by the central bank.

The board of the private commercial lender has approved the tier-II equivalent subordinated bonds named “AB Bank Subordinated Bonds-V”.

Its EPS rose to Tk 0.43 in 2023's H1 from Tk 0.41 in 2022's H1

AB to give 2% stock dividend, NRBC 4.5%

AB Bank disburses Tk 1 lakh each as loan to 1,500 farmers in Madhupur, Dhanbari

The deadline for the public offer subscription portion of AB Bank Ltd’s perpetual bond has been extended up to August 22.

The burden of a dead mobile operator, widespread loan fraudulence, mismanagement and influence of a sponsor director were what dragged the once sound AB Bank into the reds.

The Anti-Corruption Commission (ACC) files a case accusing three people including an official of AB Bank for misappropriating Tk 133 crore.

A three-judge High Court bench yesterday delivered a dissenting verdict on the legality of bail of two former AB Bank officials in a money laundering case.

The Anti-Corruption Commission (ACC) has quizzed three high officials of the AB Bank yesterday over allegations of embezzling Tk 165 crore and smuggling it to United Arab Emirates (UAE).

Anti-Corruption Commission (ACC) is quizzing six former and current directors of AB Bank and a businessman over a Tk 165 crore money laundering scam which took place in 2014.

The Anti-Corruption Commission starts interrogating former chairman of AB Bank M Wahidul Haque this morning over “laundering Tk 165 crore” to UAE.

AB Bank Chairman M Wahidul Haque, along with its vice chairman and a director, resigned from the bank's board of directors yesterday amid allegations of money laundering by the bank.

AB Bank Chairman M Wahidul Haque and its two other directors step down from the bank’s board.

The Anti-Corruption Commission is going to press charges against BNP Joint Secretary General Aslam Chowdhury and three others for misappropriation of about Tk 325 crore from AB Bank in Chittagong between 2011 and 2013, ACC officials said