Bangladesh Development Bank Limited (BDBL)is fully state owned Bank of Bangladesh which came to effective at 3rd January

2010. Bangladesh Shilpa Bank (BSB) and Bangladesh shilpa Rin Songstha (BSRS) were merge into Bangladesh Development Bank ltd (BDBL) at 16th November 2009 and come to effective at 3rd January 2010. In addition commercial Banking, BDBL provides financial and technical assistance to broaden the private as well as public sector industrial base of the country. It prioritizes, especially, export oriented/export linkage industrial units, efficient import substitution, joint ventures, commercialization of local technology and promotion of agro-based industry. Bangladesh Shilpa Bank (BSB) and Bangladesh shilpa Rin Songstha (BSRS), with almost similar functions, were established on 31st December, 1972 under the presidential order no. 129to provide loans and facilities to industrial institutions, help failed to meet expectations. In 1992, the government moved to privatize BSRS, which remained unaccomplished due to some complexities, the companys board sat on December 8 to fix a vendor agreement schedule with the government, the BDBL organ gram, employee pay structure and select office space for the banks headquarter. As per merger plans, the accounts of the two organizations consolidated by December 2009. The paid up capital of the merged company will amount to 400 cores. Before merged the paid up capital of BSB was tk. 200 core was tk.70 core for BSRS. Making adjustment to the reserve to the reserve funds of the two companies will raise the capital. In the meaning, BSRS raised its funds to taka. 200 core. As per BDBL operational plans, the bank will operate across the country by setting up branches at district levels. At present, BSB has 15 branches while BSRS has 2. Vision of BDBL: To emerge as the countrys prime financial institution for supporting private sector industrial and other projects of great significance to the countries economic development. Also be active participant in commercial banking by introducing new lines of product and providing excellent service to the customer.

Mission of BDBL: To be competitive with other Banks and Financial Institution in rendering services ; To contribute to the countrys socio-economic development by identifying new and profitable areas for investment ; To mobilize deposit for productive investment ; To expand branch network in commercially and geographically important places ; To employ quality human resources and enhance their capability through motivation and right-type of training at home and abroad; To delegate maximum authority ensuring proper accountability ; To maintain continuous improvement and up gradation in business policies and procedures ; To adopt and adapt to new technology ; To maximize profit by strong, efficient and prudent financial performance; and