3/5/2023 0 Comments Multimode cocoaPragati Life, in the process of materializing its vision, has been developing new customer oriented and innovative products developed by its own Actuarial Department. Pragati Life was established with the vision of participating effectively in the process of providing financial security to the clients as well as to facilitate creation of long term capital in the market. went for public issue in 2005 and are listed in both Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. ![]() Pragati Life has been sponsored by some renowned business entrepreneurs of the country linked with different industrial groups. Pragati Life Insurance Limited was established on Januas a public limited company under the Companies Act, 1994 with the philosophy of maintaining competitiveness, balanced with prudent management and fairness to all policyholders. ![]() Now the present paid up capital stands to Tk. The Company started with a paid up capital of Tk.30 million against an authorized capital of Tk. The company obtained registration from the Department of Insurance on Apunder the Insurance Act, 1938 to carry out insurance business. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country." When the nation was in the grip of severe recession, the government took the farsighted decision to allow the private sector to revive the economy of the country. The emergence of National Bank Limited in the private sector was an important event in the Banking arena of Bangladesh. In addition, our effective and diversified approach to seize the market opportunities is going on a continuous process to accommodate new customers by developing and expanding rural, SME financing and offshore banking facilities. The expectation of all class businessmen, entrepreneurs, and the general public is much more to NBL. ![]() Moreover, considering its forth-coming future, the infrastructure of the Bank has been rearranging. ![]() To keep pace with time and in harmony with national and international economic activities and for rendering all modern services, NBL, as a financial institution, automated all its branches with computer networks in accordance with the competitive commercial demand of time. The members of the board of directors are creative businessmen and leading industrialists of the country. "Established as the first private sector bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector Bank with the passage of time after facing many stress and strain. The bank is publicly listed in the Dhaka and Chittagong Stock Exchanges. National Bank wants to continue its high standard of clientele services and contribution to the national economy and by establishing themselves firmly as the front ranking bank of the country. At present, National Bank has been carrying on business through its 106 branches spread all over the country. Abdul Awal Mintoo, CEO Multimode Group is the founding Chairman of National Bank. Established as one of the first private sector bank, fully owned by Bangladeshi entrepreneurs, National Bank has now become the largest private sector bank in Bangladesh.
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