Management Pattern of Pubali Bank Ltd
The Government of the People’s Republic of Bangladesh handed over all assets and liabilities of the then Pubali Bank to Pubali Bank Limited. Since then Pubali Bank Limited has been rendering all sorts of commercial Banking services as the largest bank in the private sector through its branch network all over the country. Pubali Bank Limited provides mass banking services to the customers through its 410 branch network all over the country.
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This bank has been playing a vital role in socio-economic, industrial and agricultural development as well as in the overall economic development of the country since its inception through savings mobilization and investment of funds. During the last 5 years the growth rate of bank’s earnings is more than 50 % on average. 1. 2 Vision and Mission of Pubali Bank Ltd. •To become the best Bank in Bangladesh within 2013. •To provide excellent quality Customer service •To maintain Corporate and business ethics. •To become a trusted repository of customers’ money and their financial advisor. To provide high quality financial services in export and import trade. •To make our stock superior and rewarding to the customers/share holders. •To display team spirit and professionalism. •To have a Sound Capital Base. This bank is one of the most disciplined Banks with a distinctive corporate culture. Here we believe in shared meaning, shared understanding and shared sense making. Our people can see and understand events, activities, objects and situation in a distinctive way. They mould their manners and etiquette, haracter individually to suit the purpose of the Bank and the needs of the customers who are of paramount importance to us. The people in the Bank see themselves as a tight knit team/family that believes in working together for growth. The corporate culture we belong has not been imposed; it has rather been achieved through our corporate conduct. 1. 3 Objectives of Pubali Bank Ltd. 01. To carry on, transact, undertake and conduct the business of banking in all its branches and transact and do all matters and things incidental thereto in Bangladesh and abroad; 02.
To receive, borrow, or raise money on deposit, loan or otherwise, upon such terms as the Company may approve and to give guarantees and indemnities in respect of all debts and contracts; 03. To advance, deposit and lend money on real, personal and mixed securities, on cash, credit or other accounts, on policies, bonds, debentures, bills of exchange, promissory notes, letter of credits, or other wares and merchandise, bills of sale and lading, delivery orders, or other mercantile indicia or tokens, bullion stocks and shares; 04.
To establish, maintain, carry on, transact and undertake all kinds of investment, merchant and financial business, including underwriting, managing and distributing the issue of stocks, shares, bonds, debentures, import permits and other securities directly or through jointly with one or more banks or financial institutions; 05. To advance, deposit or lend money to or with such persons, firms or bodies corporate or un-incorporate and so on such terms as may seem expedient; 06.
To carry on the business of discounting, dealing in exchanges in specie and securities and all kinds of mercantile banking; 07. To carry on business of dealers in foreign exchange including buying and selling of foreign exchange, dealing in foreign currency notes, granting and issuing of letters of credits, traveler’s cheques, circular notes and negotiating and discounting of export documents and all other matters related to foreign exchange notes; 08.
To carry on the business of buying and selling bullion, gold, and other valuables species’ 09. To provide for safe-deposit vaults and safe custody of valuables of all kinds’ 10. To act as agents for the sale and purchase of any stocks, shares or securities or for any other monetary or mercantile transaction; 11. To invest money in such manner as may from time to time be thought proper; 12. To carry on business as financiers, promoters, capitalists, financial and monetary agents, concessionaries, brokers and merchants’ 13.
To guarantee or become liable for the payment of money or for the performance of any obligation and generally to transact all kinds of guarantee business and also to transact all kinds of agency business; 14. To promote, effect ensure, guarantee, underwrite, participate in management and carry out any issue, public or private, or state, municipal, or others loans, or shares, stocks, debentures or debentures stock of any company, corporation or association and to lend money for the purpose of any such issue; 15.
To form, promote and establish companies and associations for execution of undertaking, works, projects, or enterprises of any description, whether of a private or public character and to acquire, underwrite and dispose of shares and interest in such companies or associations or in any other company or association or in the undertakings thereof; 16. To promote or take part in the formation, management, supervision or control of the business or operations of any company or undertaking in Bangladesh or elsewhere and to render all assistance in this regard’ 17.
To form, manage, join or subscribe to any syndicate, consortium or any holding company or trust and to carry on business of an investment trust company; 18. To carry on business or undertaking and executing of trusts and also to act as executor, trustee or otherwise; 19. To act as executors and trustees of wills, settlements and trust deeds of any kind made by customers and others and any other matters related thereto; 20.
To act as official liquidator and receiver; 21. To contract or negotiate all kinds of loan, aid or assistance, private or public, from any source, local or foreign and take all such steps as may be required to complete and effectuate such deals; 22. To draw, make, accept, endorse, discount, negotiate, execute and issue bills of exchange, promissory notes and other negotiable or transferable instruments including notes, warrants and coupons; 23.
To borrow or raise money or secure the payment of money by issue or sale shares, stocks, bonds, debentures, other securities and obligations, either perpetual or terminable and or redeemable or otherwise, and to charge or secure the same by trust deed or otherwise on the undertaking of the company or upon any specific property and rights, present or future, of the company; 24. To carry on the business of leasing lant or machinery, tools, apparatus, vehicles, ships, office & professional equipment, medical and scientific apparatus etc. on such terms/covenants and conditions and on such rentals as may be thought fit and alter, repair and maintain the same; 25. To purchase, or otherwise acquire and undertake, the whole or any part of, or any interest in the business, goodwill, property, contracts, agreements, rights, privileges, effects and liabilities of any other company; 26.
To acquire, construct, maintain, or alter any immovable or movable property, rights or privileges which the company may think necessary; 27. To invest the capital and other moneys of the company not immediately required in the purchase, exchange or upon the security of shares, stocks, debentures, debenture stocks and so on; 28. To carry on any other business, which in the opinion of the company is incidental or conducive to the promotion or advancement of the business of the company; 29.
To pay all expenses incidental to the formation or promotion of this or any other company, organization, bank, body corporate and the conduct of its business and remunerate any person, company or body for services rendered or assisting to place or guarantying the placing of nay of shares or debentures; 30. To appoint officers, staffs, experts, advisors, consultants, auditors, legal advisors and to provide for their suitable remunerations; 31.
To provide for and to establish and support or aid in the establishment or support of any association, institution, fund trust or contributing to the building of houses and convenience calculated to the benefit of the employees and staffs, former or present and their dependents; 32. To amalgamate with or construct or reorganize any company, bank or body corporate or association in cooperation with any other person, company, bank or association; 33. To establish and open offices and branches to carry on all or any of the above business abroad and within country provided prior permission is obtained from the Bangladesh Bank; 34.