Janata Bank Ltd. In Bengali: জনতা ব্যাংক লিমিটেড is a state-owned commercial bank in Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second-largest commercial bank in Bangladesh.
History of Janata Bank
Following the independence of Bangladesh from Pakistan in the Bangladesh Liberation War of 1971, Janata-Bank Limited was formed combining the then United Bank Limited and Union Bank Limited under the Bank Nationalization Ordinance of 1972 (President’s Order 26).
With the emergence of Bangladesh as an independent, sovereign state in 1971 after a devastating nine month war against the West Pakistani occupation army, a war, full of blood and tears, trauma and pain of millions of our beloved ones, the legacy of rebuilding the already broken financial base of the country was felt as an urgent call of the day against a collapsed economic reality of a newly born state.
In this backdrop, in order to rebuild the country’s economy, measures had been taken to merge a number of banks previously operated in this region and make new banks and this initiatives led to formation of Janata Bank in 1972 by combining the erstwhile United Bank Limited and Union Bank Limited under the Banks Nationalization Order (President’s Order No. 26) of 1972.
In 15 November, 2007 Janata Bank got registered with the Joint Stock of Registrars and restructured it as a public limited company with the name Janata Bank Limited. Under the 2020 amendment of the Companies Act 1994, the bank is named by Janata Bank PLC.
The management of Janata-Bank has been transferred to Janata-Bank Limited after transforming the bank into a company following the existing company act under the Enterprise Growth and Bank Modernization Project’ (EGBMP) which has been taken in 2004–05 in order to reform the nationalized commercial banks. Janata-Bank Limited started its operation on 15 November 2007.
JBL Vision:
To become the effective largest commercial bank in Bangladesh to support socio-economic development of the country and to be a leading bank in South Asia.
JBL Mission:
Janata Bank PLC. will be an effective commercial bank by maintaining a stable growth strategy, delivering high quality financial products, providing excellent customer service through an experienced management team and ensuring good corporate governance in every step of banking network.
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