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Bangladesh Association of Banks (BAB) is an advisory service organisation for the private commercial banks. It has now emerged as an effective forum for exchanging views on problems being faced by the banking sector of Bangladesh and for formulating common policy guidelines in addressing such problems.
Established under Companies Act, 1913, BAB started its activities in 1993 with 9 (nine) commercial banks which increased to 36 (thirty-six) at the end of the year 2014 & it stands 38 (thirty eight) at the end of December, 2015.
The Management of BAB is vested in its Executive Committee. The Chairman and the Vice Chairmen of the Association are elected by the Members of the Executive Committee. The Executive Committee consists of nominees of the member banks, each bank nominating one member. The term of such Executive Committee is for two years.
Since its establishment in 1993, the Bangladesh Association of Banks (BAB) has played a crucial role in advancing the private sector banking industry in Bangladesh. It offers a platform for collaboration among private banks, drives improved performance, and emphasizes Corporate Social Responsibility (CSR) activities. BAB’s growth, expanding from 9 to 38 member banks by 2018, highlights its significance. Through initiatives like its Research and Training Centre, BAB enhances knowledge-sharing and efficiency. Under BAB’s leadership, private banks have positively impacted the economy. The association’s dedication to development and readiness for future challenges positions it for ongoing success.