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Midland Bank PLC

pcb_conventional · DSE: MIDLANDBNK · partial (verified 2026-05-20)

Profile

Total assets
৳102,757,000,000
Deposits
৳75,187,000,000
Gross NPL
3.78%
CRAR
16.78% (compliant)
Net profit
৳814,120,000
Chairman
Ahsan Khan Chowdhury
MD/CEO
Imtiaz U. Ahmed
Rating
A+

Midland Bank ended FY2024 with a relatively healthy NPL ratio of 3.78% and strong CAR of 16.78%, ranking 14th (11th on 5-indicator scale) in the Bonik Barta 2024 composite bank ranking — 3rd in CAR, 4th in NPL, 6th in ROA among listed private banks. However, H1 2025 profit declined 58% YoY to BDT 11.87 crore, with Q2 2025 (April-June) profit collapsing 93% YoY to BDT 1.48 crore due to rising loan-loss provisions; this raises concerns about 2025 asset quality trajectory. The bank's chairman transitioned from Nilufer Zafarullah (re-elected June 30, 2024) to Ahsan Khan Chowdhury (elected March 20, 2025). New MD Imtiaz U. Ahmed took charge February 26, 2026.

Recent activity

Provenance & notes

Establishment: incorporated 20 March 2013; banking operations commenced 20 June 2013 per Banglapedia and Wikipedia; established_year set to 2013 (operational start). Branch count: 35 branches reported in the Midland Bank search results (Banglapedia 34 as of 2020); current count not confirmed from a primary source with a clear date, set to null pending verification from annual report. ATM/CRM count: 69 per search result citing bank statistics. Employee count 1,102 from stockanalysis.com company profile. Paid-up capital BDT 6,397 million from stockanalysis.com FY2024 balance sheet 'Common Stock' line; this is consistent with the IPO raising BDT 700 million (Tk70cr BSEC-approved IPO per TBS 2022) on top of pre-IPO capital; Banglapedia cites initial paid-up capital of BDT 4,000 million; authorized capital BDT 10,000 million from Banglapedia. Total assets BDT 102,757 million, deposits BDT 75,187 million, net loans BDT 63,277 million, shareholders' equity BDT 9,673 million all from stockanalysis.com FY2024 balance sheet (consolidated Dec 31, 2024). Net profit BDT 814.12 million from stockanalysis.com income statement FY2024. NPL BDT 2,390 million (approximately Tk239 crore) at 3.78% per press reports from search results referencing audited FY2024 data; NPL figure calculated as 3.78% of gross loans (63,277M × 0.0378 ≈ 2,391M, consistent with the Tk239cr reported figure). CAR 16.78% per Midland Bank's own statement in response to BCB claims per Financial Express. Chairman transitions: Nilufer Zafarullah re-elected for 2-year term at 155th board meeting June 30, 2024; Ahsan Khan Chowdhury elected at 165th meeting March 20, 2025 (Nilufer stepped down between June 2024 and March 2025, exact date not confirmed in public sources); chairman_since set to 2025-03-20 per confirmed election date. Prior MD Md Ahsan-uz Zaman; new MD Imtiaz U. Ahmed effective February 26, 2026; md_ceo_since set to 2026-02-26. ECRL rating A+/ST-2 valid until June 30, 2026 per BB ECAI rating document. Ahsan Khan Chowdhury is Chairman and CEO of PRAN-RFL Group (145,000 employees); included in Bangladesh's first Private Sector Advisory Council (PSAC) formed by the BNP government (April 2026). H1 2025 and Q2 2025 profit data from TBS article on the 93% profit collapse. verification_status=partial: branch count not confirmed for current date; ROA/ROE not found in press summaries; CET1 not disclosed; foreign ownership not found; some 2024 balance sheet items from secondary aggregator (stockanalysis.com) not cross-checked with official audited statement (PDF too large to fetch).

Sources