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Midland Bank Plc (Bangladesh)

Main Activities: Other Depository Credit Intermediation
Full name: Midland Bank Plc Profile Updated: October 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company was incorporated on March 20, 2013 under the Companies Act 1994 as a public company limited by shares forcarrying out all types of banking activities with Paid-up Capital of Tk. 400,00,00,000 divided into 40,00,00,000 ordinary shares of Tk.10 each.
The Bank started its commercial operation on 20 June 2013 with a corporate slogan “Bank for inclusive growth”. Entitled to carry out all types of commercial banking activities, MDB stepped in the industry through Dilkusha Corporate Branch in Dhaka. Since then, the Bank has been constantly expanding far and wide in both network and business. Now it has a total of 24 Branches including 12 Rural Branches and 26 ATMs across the country.
The principal activities of the Bank are to provide all types of commercial banking services to customers through its branches and SME centers. The Bank is also entitled to provide money market operations, investment in merchant banking activities, financial intermediary services and any related financial services.
The Company (Bank) operates through its Head Office at Gulshan, Dhaka City and 20 branches. The Company (Bank) carries out international business through a Global Network of Foreign Correspondent Banks.
The bank s name change from Midland Bank Ltd to Midland Bank PLC on 2024-31-03
Midland Bank Asset Management Company Ltd was registered as a new formed subsidiary of Midland Bank.

Headquarters
N. B. Tower (Level 6 - 9), 40/7, Gulshan Avenue, Gulshan-2
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.midlandbankbd.net

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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88.29%
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10.97%
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0.74%
Subsidiaries
Midland Bank Asset Management Company Ltd
Company Performance
Financial values in the chart are available after Midland Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net interest income
67.31%
Operating profit (EBIT)
17.32%
Net Profit (Loss) for the Period
101.64%
Total assets
4.46%
Total equity
19.67%
Total Assets Trend
-11.26%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
1.77%
Loans to Asset Ratio
-0.34%

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