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Bengal Commercial Bank PLC

pcb_conventional · partial (verified 2026-05-18)

Profile

Total assets
—
Deposits
৳20,983,400,000
Gross NPL
0.80%
CRAR
— (n/a)
Net profit
—
Chairman
Md. Jashim Uddin
MD/CEO
Tarik Morshed
Rating
A

BGCB is expanding steadily (34 branches as of May 2026, 2 more imminent) and maintaining a very low NPL ratio (0.80% in FY2024). The bank faces governance headwinds: founding promoter Morshed Alam (Bengal Group chairman, Awami League MP) was arrested in April 2025 on murder and ACC embezzlement charges; Chairman Jashim Uddin (his brother) remains in post but faces political scrutiny under the BNP-Tarique government. The bank has not been named in any BB merger or consolidation action as of May 2026, but its paid-up capital compliance with the BB-raised Tk 500 crore minimum remains an unresolved question from 2023.

Recent activity

Provenance & notes

BGCB is one of three banks licensed by Bangladesh Bank in February 2020 (the others are Citizens Bank and Community Bank Bangladesh). It is the only one among the 2020 cohort sponsored by a private industrial conglomerate (Bengal Group of Industries). The bank operates 4 Islamic banking windows among its 34 branches but is classified as conventional (not fully Sharia-compliant). Chairman Jashim Uddin is the younger brother of Bengal Group chairman Morshed Alam, who was arrested April 8, 2025 on charges related to the July 2024 anti-discrimination student movement killings and an ACC embezzlement case; his son Saiful Alam and brother Jashim Uddin were named in the ACC matter. Jashim Uddin has continued as bank chairman as of May 2026. Paid-up capital and authorized capital figures could not be confirmed from a public primary source (the 2024 annual report PDF was inaccessible for extraction); the BB minimum requirement as of 2023 was Tk 500 crore; exact paid-up capital left null. Total deposits Tk 2,098.34 crore and loans Tk 1,619.53 crore are from FY2024 annual report data cited in press (TBS News); converted to BDT at 1 crore = 10,000,000. Employee count 425 from the 2024 annual report at-a-glance section. ATM count 2 per banksbd.org (both in Dhaka). Sub-branch count 10 per official branch page. Rating: CRISL A / ST-2 per BB ECAI list 2025-26, validity December 28, 2026; an AA- figure cited by tob.news (March 2026 anniversary piece) is unverified and contradicts the BB official list, so A is used. Operating profit Tk 75.59 crore for FY2024; net profit figure not separately confirmed. verification_status=partial due to: paid-up capital unconfirmed, total assets unconfirmed, CAR unconfirmed, NPL in BDT not stated, and Morshed Alam / Jashim Uddin governance risk requiring ongoing monitoring.

Sources