Citizens Bank PLC
Profile
- Total assets
- ৳19,100,000,000
- Deposits
- ৳14,290,000,000
- Gross NPL
- —
- CRAR
- 46.00% (compliant)
- Net profit
- ৳39,500,000
- Chairman
- Chowdhury Mohammed Hanif Shoeb
- MD/CEO
- Alamgir Hossain
- Rating
- BBB+
Smallest of the three 2020-vintage banks by balance sheet; paid-up capital Tk 400 crore (below the Tk 500 crore BB requirement not fully met at launch); 2025 operating profit up 21%, deposit growth 30%, NPL 0.20%; 22 branches and 8 sub-branches as of early 2026; former chairman Towfika Karim (Aftab) under CID money-laundering investigation linked to ex-law minister Anisul Huq; current leadership (Hanif Shoeb/Alamgir Hossain) installed post-August 2024
Recent activity
- 2026-01-17 other Annual Business Conference 2026 held in Munshiganj; chairman Hanif Shoeb presided; MD reported 21% operating profit growth and 30% deposit growth in 2025 with NPL ratio of 0.20% ↗
- 2026-01-27 branch_expansion Kawran Bazar sub-branch (code 5006) inaugurated in Dhaka Division ↗
- 2026-02-02 branch_expansion Baligaon sub-branch (code 5007) inaugurated in Munshiganj by MD Alamgir Hossain ↗
- 2026-02-03 branch_expansion Agla Bazar sub-branch (code 5008) inaugurated in Nawabganj, Dhaka by MD Alamgir Hossain ↗
- 2026-04-04 other Quarterly Business Review Meeting for Q1 2026 held at head office Motijheel to assess Q1 performance and set strategy for business challenges ↗
Provenance & notes
PARTIAL status: authorized_capital_bdt, atm_count, agent_banking_outlets, CET1 ratio, ROA, ROE, and NPL absolute amount not found in public sources; paid-up capital Tk 400 crore confirmed as of Dec 31 2024 (Daily Star; 3 independent sources corroborate) despite BB requirement of Tk 500 crore set at license approval -- the bank appears to have not fully met that target. Employee count 274 from Daily Star article referencing Dec 2024 data. CRISL rating BBB+ / ST-3 (Stable) dated Aug 21 2023 was valid to Aug 20 2024; renewal status not confirmed in public sources post Aug 2024 -- rated_as_of reflects the last verified date. Malkhanagar branch (branch 21) inaugurated 29 Dec 2025; Lohagara branch (branch 22) listed on official website but inauguration date not found. Former chair Towfika Karim (Aftab) fled to Canada July 26 2024; CID money-laundering case open. Anisul Huq (ex-law minister, founding shareholder) arrested in money-laundering case post-Aug 2024.
Sources
- https://www.citizensbankbd.com/information-of-branches
- https://www.citizensbankbd.com/information-of-sub-branches
- https://www.citizensbankbd.com/board-of-director
- https://www.citizensbankbd.com/news-events/mr-alamgir-hossain-has-recently-joined-citizens-bank-plc-as-managing-director
- https://www.newagebd.net/post/mis/245472/hanif-elected-citizens-bank-chairman
- https://today.thefinancialexpress.com.bd/trade-market/citizens-banks-operating-profits-grow-by-21pc-deposits-by-30pc-1768928199
- https://www.thedailystar.net/business/news/citizens-bank-targets-rural-unbanked-growth-push-3931251
- https://www.crislbd.com/latest-rating-news
- https://www.tbsnews.net/economy/banking/bb-issues-licence-citizens-bank-168586
- https://www.newagebd.net/article/123682/bangladesh-bank-issues-final-approval-to-law-ministers-citizen-bank
- https://www.newagebd.net/article/92768/proposed-bengal-citizens-banks-fail-to-raise-tk-500cr-paid-up-capital
- https://bdnews24.com/bangladesh/0786fadae676
- https://www.tbsnews.net/economy/corporates/citizens-bank-opens-baligaon-sub-branch-munshiganj-1353881
- https://www.tbsnews.net/economy/corporates/citizens-bank-inaugurates-aglabazar-sub-branch-nawabganj-1356056
- https://www.tbsnews.net/economy/corporates/citizens-bank-opens-malkhanagar-branch-munshiganj-1322521