Padma Bank
Padma Bank PLC is one of the private commercial banks in Bangladesh that has experienced significant transformation in its history. The bank was originally established in 2013 under the name Farmers Bank Limited with the objective of providing modern and customer-oriented banking services throughout the country. It began its operations with the vision of contributing to economic growth and financial development by offering diversified banking products and services. However, after facing financial and operational challenges during its early years, the bank underwent major restructuring and reforms. In 2019, Farmers Bank Limited was officially renamed Padma Bank Limited, and later became Padma Bank PLC according to updated corporate regulations. The restructuring process aimed to restore customer confidence and strengthen the bank's operational and financial performance.
The history of Padma Bank reflects a journey of recovery, modernization and institutional development. After its transformation, the bank focused on improving corporate governance, strengthening financial management and adopting modern banking technology. It expanded its digital banking facilities and introduced customer-focused services to improve operational efficiency. Through strategic planning and support from different stakeholders, Padma Bank gradually worked toward building a stable and trusted position in Bangladesh's banking sector.
Padma Bank PLC offers a wide range of financial services for individuals, businesses and institutions throughout Bangladesh. Its retail banking services include savings accounts, current accounts, fixed deposit schemes, personal loans, debit cards, credit cards and remittance services. Customers can access convenient banking facilities through ATM services, internet banking, mobile banking, SMS banking and online transaction systems, ensuring fast and secure financial activities.
Apart from retail banking, the bank offers comprehensive corporate banking services, including trade finance, project financing, working capital loans, treasury services and cash management solutions for businesses and industries. Padma Bank also actively supports small and medium enterprises (SMEs) by providing specialized loan products and financial assistance to entrepreneurs and small business owners. Additionally, the bank is involved in foreign exchange operations and international remittance services to facilitate international transactions and support expatriate Bangladeshis.
In conclusion, Padma Bank PLC has undergone significant changes and development throughout its history. Through modernization, improved management and diversified banking services, the bank continues to strengthen its role in Bangladesh's banking sector and contribute to the country's economic growth and financial development.
| Registered Name | Padma Bank PLC | |
| Legal Status | Public Limited Company | |
| Logo |  | |
| Established | 2019 | |
| Type | Private Bank | |
| Category | Commercial Bank | |
| Origin | Local Bank | |
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| Corporate Address | Lotus kamal Tower 2, Level 3, 59-61 Gulshan South Avenue, Circle 1, Gulshan, Dhaka 1212, Bangladesh. | |
| Telephone | +880 2 222293375, 222293410, 222288068 | |
| Fax | +880 2 222298053 | |
| Call Center | 16612 | |
| E-mail Address | info@padmabankbd.com | |
| Website | www.padmabankbd.com | |
| SWIFT Code | FRMSBDDH | |
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| Rate this Bank |
Rating 2.5, based on 594 votes.
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