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Question
The first private sector bank in Bangladesh is ---
AB Bank Ltd.
Agrani Bank Ltd.
National Bank Ltd.
Trust Bank Ltd.
ANSWER : 1
Descrption
<p>AB Bank (formerly Arab Bangladesh Bank) is a leading private sector bank in Bangladesh established on 31 December 1981.</p> <p>This was the first joint venture private bank in Bangladesh. On 14 November 2007 Bangladesh bank approved the name change to AB Bank from Arab Bangladesh Bank.</p> <p>A former deputy managing director was charged with embezzling 3.25 billion taka from the bank.</p> <p>In 2014 AB bank completed its acquisition of Cashlink Bangladesh Limited.</p> <p>A former vice president and his wife were sentenced to prison terms for embezzlement from the bank in 2016.[7</p>
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