Meghna Bank PLC
Profile
- Total assets
- ৳109,640,000,000
- Deposits
- ৳86,840,000,000
- Gross NPL
- —
- CRAR
- — (n/a)
- Net profit
- ৳465,000,000
- Chairman
- Uzma Chowdhury
- MD/CEO
- Syed Mizanur Rahman
- Rating
- —
Meghna Bank is under a reconstituted Bangladesh Bank-supervised board since March 2025 after board dissolution; Syed Mizanur Rahman as new MD from December 2025 aims to reach top 15 banks; NPL reportedly in single digits vs. sector average of 36%, and bank avoided the massive NPL spikes seen in S Alam/Salman-controlled peers.
Recent activity
- 2025-03-12 regulatory_action Bangladesh Bank dissolved Meghna Bank's board along with those of NRB Bank and NRBC Bank due to governance deterioration and policies working against depositors' interests; all three are fourth-generation banks that commenced operations in 2013. ↗↗
- 2025-03-16 appointment Uzma Chowdhury, CPA (Director of Finance at PRAN-RFL Group, Texas-registered CPA), elected Chairperson of Meghna Bank at the 185th Board Meeting of the reconstituted board. ↗↗
- 2025-12-04 appointment Syed Mizanur Rahman appointed Managing Director of Meghna Bank PLC effective 4 December 2025; formerly MD and CEO of AB Bank; brings nearly three decades of banking experience. ↗
- 2026-01-19 digital_launch Meghna Bank commercially launched Visa Direct for Account — the first bank in Bangladesh to implement this product — enabling real-time push payments into accounts; event held in Dhaka on 19 January 2026. ↗
Provenance & notes
Establishment: Meghna Bank incorporated 20 March 2013; banking operations commenced 21 April 2013 per Banglapedia. established_year set to 2013 (operational start). Authorized capital BDT 20,000 million (Tk 2,000 crore) per Banglapedia; paid-up capital was BDT 4,699 million (Tk 469.9 crore) as of 2018-2020 per Banglapedia; the 2024 paid-up capital figure was not found in a primary accessible source and is set to null to avoid guessing. Total assets BDT 109,640 million and deposits BDT 86,840 million and loans BDT 67,720 million for FY2024 derived from a search result summary referencing the bank's 2024 annual report data showing 31.4% asset growth from BDT 83,450 million in 2023; these figures are from secondary reporting and not cross-verified from the official audited PDF (which is binary and non-extractable). Net profit BDT 465 million approximately (Tk 46.5 crore) for FY2024 per search result citing The Banker Database and press sources noting ~40% profit decline from Tk 778 million in 2023; The Banker Database confirmed ROA 0.46% for 2024. NPL reportedly in single digits (below 10%) per multiple press sources; the exact FY2024 NPL ratio not confirmed from primary source — set to null. CAR not found from primary source — set to null. Chairperson history: (1) H.N. Ashequr Rahman was founder-chairman; (2) Kazi Ahsan Khalil appointed MD/CEO April 2024; (3) Bangladesh Bank dissolved the entire board on 12 March 2025; (4) reconstituted board elected Uzma Chowdhury chairperson on 16 March 2025; (5) Kimiwa Saddat had been acting MD/CEO after the board change; (6) Syed Mizanur Rahman appointed permanent MD effective 4 December 2025. Current chairman_since = 2025-03-16. Current MD Syed Mizanur Rahman since 2025-12-04. Branch count 51 per Wikipedia 2024 data; 74 branches/sub-branches combined per some operational descriptions; 51 set as branch count. ATM booths 18 own per Wikipedia; agent banking 18 per Wikipedia. Credit rating: CRAB is agency per annual report publication; actual rating grades not extractable from binary PDF. DSE listing: Meghna Bank is not listed on DSE as of 2026-05-20. verification_status=partial because (1) paid-up capital not confirmed for 2024, (2) NPL and CAR not confirmed from primary source, (3) CRAB rating grades not confirmed, (4) financial figures (assets/deposits/loans) are from secondary press sources referencing annual report and not independently cross-verified against the PDF.
Sources
- https://en.wikipedia.org/wiki/Meghna_Bank
- http://en.banglapedia.org/index.php?title=Meghna_Bank_Limited
- https://www.meghnabank.com.bd/public/images/MeghnaBankPLC_Annual_Report_2024.pdf
- https://www.tbsnews.net/economy/banking/cenbank-dissolves-boards-meghna-nrb-nrbc-bank-1091011
- https://www.jagonews24.com/en/business/news/81251
- https://www.dhakatribune.com/business/banks/376438/meghna-bank-elects-uzma-chowdhury-new-chairperson
- https://www.tbsnews.net/economy/corporates/syed-mizanur-rahman-appointed-managing-director-meghna-bank-1302921
- https://www.newagebd.net/post/banking/233277/kazi-ahsan-khalil-meghna-banks-new-md-and-ceo
- https://www.thedailystar.net/business/banking/news/ahsan-khalil-becomes-new-md-meghna-bank-3593056
- https://thefinancialexpress.com.bd/trade/meghna-bank-launches-visa-direct-for-account-a-first-in-bangladesh
- https://www.thebankerdatabase.com/index.cfm/banks/8504/Meghna-Bank
- https://www.meghnabank.com.bd/public/images/742633_Credit%20Rating%20of%20MGBL%202024%20(Website).pdf
- https://bdnews24.com/business/8db53aeb222a
- https://www.tbsnews.net/interviews/meghna-aims-be-among-top-15-banks-1336921