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History and Founding
EXIM Bank was founded in 1999 by the following individuals:

Nazrul Islam Mazumder

Late Shahjahan Kabir

Nazrul Islam Mazumder served as the first Chairman of the Bank.
Key milestones:

Founded in 1999 as BEXIM Bank Limited

Started operations on August 3, 1999

Initial authorized capital of Tk 1 billion (US$12.87 million)

Initial paid up capital of Tk 225 million (US$2.9 million)

Advisor Alamgir Kabir and Managing Director Mohammad Lakiotullah appointed

July 2004 - First bank in Bangladesh to fully convert to shariah-based banking

December 2000 - Authorized and paid up capital increased:| Authorized Capital | Paid Up Capital | |-|-| |Tk.16.12 billion |Tk.9.22 billion|

2009 - Opened first exchange house in UK

The bank has grown significantly since its founding over 20 years ago. Some key figures:

60+ branches across Bangladesh

Over 2000 employees

More than 500,000 customers

Tk 25 billion in deposits (2018)

Tk 20 billion in advances (2018)

The bank has positioned itself as a leading private commercial bank in the country through steady growth and adoption of new technologies and services. Its founding as the first fully shariah-based bank paved the way for Islamic banking in Bangladesh.

Growth and Expansion

Since its founding, EXIM Bank has experienced significant growth and expansion:

Branches
- Expanded branch network to 60+ branches
- Covering major cities and commercial areas
Digital Services
- Implemented core banking software TEMENOS T24
- Added alternate delivery channels:
  - ATMs
  - SMS banking
  - Mobile banking
- Modernized IT infrastructure
Leadership
- Managing Directors:
  - Mohammed Lakiotullah (1999 - 2004)
  - Kazi Masihur Rahman (2006 - 2011)
  - Mohammed Haider Ali Miah (2012 - present)
- Current MD Miah is first ever in-house appointment
International
- 2009 - Opened first exchange house in UK
- Expanded correspondent banking and remittance channels
Capital and Funding
- Authorized capital increased from Tk 1 billion to Tk 16.12 billion
- Bond issuance approved:
  - 2019: Tk 6 billion
  - 2021: Tk 6 billion (perpetual bond)

Other Expansions

Large agricultural lending portfolio
Major SME and retail lending activities
Ventured into investment banking
Expanded CSR activities:
- Scholarships
- Hospitals
- Agricultural university

The bank aims to continue expanding in Bangladesh and internationally to cement its position as a leading private bank.

Products and Services

EXIM Bank offers a wide range of corporate and retail banking products and services:

Corporate Banking

Working capital finance
Term loans
Trade finance
- LC, bank guarantees
- Import and export handling
Corporate deposits
Cash management
Supply chain financing
Investment banking

Retail Banking

Deposits
- Savings accounts
- Term deposits
- Non-resident accounts
Lending
- Consumer loans
- Auto loans
- Mortgages
- SME loans
Digital Services
- Mobile banking
- Internet banking
- ATM network

Treasury

Money market operations
Investment in securities
Foreign exchange

Islamic Banking

Deposits
- Al Wadiah current accounts
- Mudaraba savings accounts
Financing
- Murabaha
- Ijara
- Musharaka
Other shariah-compliant products

Distribution Network

60+ branches
200+ ATMs
Thousands of POS terminals
Mobile banking app

EXIM Bank aims to be a one-stop provider for banking services in Bangladesh. It will continue enhancing its products and channels to best serve customers.

EXIM Bank engages in many corporate social responsibility (CSR) initiatives:

Education

EXIM Bank Scholarship Program
- Launched in 2006
- Has provided scholarships to over 2000 students
- Partnered with 350+ educational institutions
EXIM Bank Agricultural University
- Established private agricultural university
- Located in Chapainawabganj, Rajshahi

Healthcare

EXIM Bank Hospital
- 10,000 square feet facility in Dhaka
- Will provide affordable healthcare services

Community Development

City Beautification Project
- Sponsored project by Dhaka City Corporation
- Aims to improve infrastructure and environment of Dhaka
Youth and sports sponsorship
- Sponsored Bangladesh Special Olympics team
- Supported events like SAFF Women's Championship

Arts and Culture

Amar Ekushey Book Fair
- Key sponsor of the annual book fair
- Sets up large interactive booth
Bengal Classical Music Festival
- Sponsors annual classical music festival
- Showcases Bangladeshi and Indian artists

EXIM Bank sees CSR as an important part of its identity. It aims to continue supporting impactful initiatives in education, health, sports, culture and communities.

Awards and Recognition

EXIM Bank has received numerous awards and recognition over the years:

ICMAB Best Corporate Award 2013
- Received from Institute of Cost and Management Accountants of Bangladesh
- Recognizes overall management performance and corporate success
International BIZZ Award 2013
- Worldwide business award program
- Honors outstanding companies globally across all sectors
International Diamond Prize for Excellence in Quality
- Received prestigious international quality award
Best Retail Bank Bangladesh 2018
- Awarded by Global Banking and Finance Review
- Recognizes leadership in retail banking
Fastest Growing Bank Asia 2018
- Conferred by Global Brands Magazine
- Honors rapid growth and strong performance
Best Employer Brand Awards 2019
- Awarded by employer branding institute
- Recognizes excellent HR practices and workplace culture
Best Corporate Governance Bank 2019
- Awarded by Institute of Chartered Secretaries of Bangladesh
- Recognizes strong governance and transparency
Best Sustainability Report Award
- For its 2019 Sustainability Report
- Honors high quality sustainability disclosures

These awards validate EXIM Bank's position as one of the leading private commercial banks in Bangladesh. They recognize its financial performance, governance, workplace culture, brand reputation and commitment to sustainability. The bank will continue striving for excellence in all areas to uphold its standards.

Conclusion

Over the past 20+ years, EXIM Bank has established itself as one of the leading private commercial banks in Bangladesh. It has achieved steady growth and made major contributions to the banking sector:

Pioneered Islamic banking by being the first fully shariah-based bank
Expanded nationwide network of branches
Implemented cutting edge banking technologies
Maintained strong corporate governance and performance
Introduced innovative products and services
Developed robust risk management and compliance
Demonstrated commitment to ethics and sustainability
Led various impactful CSR initiatives

Despite intense competition, EXIM Bank has built significant brand equity and trust. It strives to be a world-class financial services provider that contributes to the economic development of Bangladesh.

With its strong foundations and customer-centric approach, the bank is well-positioned for the future. It will continue adapting to emerging trends and achieving new milestones. Under prudent leadership and governance, EXIM Bank aims to deliver value to its customers, employees, shareholders and society at large.

FAQs

1. When was EXIM Bank established?

EXIM Bank was established in 1999 under the leadership of Chairman Nazrul Islam Mazumder and founder Shahjahan Kabir. It started operations on August 3, 1999.

2. What are some key products and services of EXIM Bank?

EXIM Bank provides a full range of corporate banking, retail banking, SME banking, investment services, trade financing, treasury, and Islamic banking services. Key products include loans, deposit accounts, trade financing, supply chain financing, mobile/digital banking, debit/credit cards, and more.

3. How many branches does EXIM Bank have?

As of 2022, EXIM Bank has over 60 branches covering major cities and commercial areas across Bangladesh. It also has over 200 ATMs.

4. What are some major awards won by EXIM Bank?

Some key awards include Best Corporate Award 2013 from ICMAB, International BIZZ Award 2013, Best Retail Bank Bangladesh 2018, and Best Sustainability Report Award 2019. This recognizes EXIM Bank's strong performance, governance, and commitment to sustainability.

5. What CSR initiatives does EXIM Bank engage in?

EXIM Bank runs large scholarship programs supporting over 2000 students yearly. It also sponsors an agricultural university, hospitals, city beautification projects, book fairs, and cultural events. CSR is a key focus area.

References

0. https://en.wikipedia.org/wiki/Exim_Bank_(Bangladesh)

1. https://en.wikipedia.org/wiki/Exim_Bank

2. https://en.wikipedia.org/wiki/Sonali_Bank#:~:text=Sonali%20Bank%20PLC%20(Public%20Limited,the%20chairman%20of%20the%20Bank.

3. https://en.wikipedia.org/wiki/Exim_Bank#:~:text=Exim%20Bank%20(Bangladesh)%2C%20one,Bank%20of%20India%20Act%201981

4. https://www.bb.org.bd/en/index.php/financialactivity/bankfi#:~:text=These%20banks%20are%20also%20fully,by%20individuals%2Fthe%20private%20entities.

5. https://mybangla24.com/banks-bangladesh

6. https://assignmentpoint.com/overview-of-the-exim-bank-limited/

7. https://www.wikiwand.com/en/Exim_Bank_(Bangladesh)

8. https://www.bartleby.com/essay/Exim-Bank-A-Case-Study-Of-Exim-PCCR7CWPJU

9. https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=18827

10. https://dergipark.org.tr/en/download/article-file/2939423