Midland Bank PLC
DDSE:MIDLANDBNK16.60
BDT
+0.50
(+3.11%)
Midland Bank PLC
DSE:MIDLANDBNK
(Dhaka Stock Exchange)
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16.60
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- Business
- Midland Bank PLC is a Bangladesh-based commercial banking institution that provides a comprehensive range of conventional, Islamic, and digital financial products and services to retail, small and medium-sized enterprise (SME), institutional, and corporate clients. Founded in 2013 and headquartered in Dhaka, Bangladesh, the bank operates across various commercial banking segments with a nationwide network of branches, sub-branches, Islamic banking windows, agent banking centers, and automated teller machines (ATMs). The bank organizes its operations into core business areas comprising Retail Banking, Corporate Banking, SME and Agricultural Banking, Islamic Banking, Treasury Operations, and Digital Financial Services. Its primary products and services include deposit products such as current accounts, savings accounts, fixed deposit receipts (FDR), recurring monthly deposit schemes, foreign currency accounts, and specialized senior citizen and student accounts; consumer credit facilities including personal loans, home loans, auto loans, and secured overdrafts; card products comprising EMV chip and contactless credit, debit, and prepaid cards; corporate and institutional financing including working capital finance, term loans, project and syndication financing, structured finance, and supply chain finance; international trade and transaction banking services such as letters of credit (LC), export financing, bank guarantees, bills discounting, and cross-border settlement solutions; SME and microfinance facilities including commercial vehicle loans, equipment financing, woman entrepreneur loans, and seasonal agricultural credit; Shariah-compliant Islamic banking solutions under the MDB Saalam brand, featuring Mudaraba-based deposit accounts and asset financing modes such as Murabaha, Ijara, Bai-Muajjal, and Diminishing Musharaka; treasury and foreign exchange services encompassing money market trading, government securities dealing, liquidity management, and foreign exchange hedging; and digital banking platforms including the midland online internet and mobile banking application, digital e-saver account opening, e-KYC solutions, and real-time electronic fund transfer integration with national payment switches and mobile financial service providers. In recent developments, the bank completed its transition from Midland Bank Limited to Midland Bank PLC following regulatory alignment with the Companies Act in Bangladesh. The company successfully executed its initial public offering (IPO) and formally listed its shares on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker MIDLANDBNK, enhancing its capital adequacy and institutional shareholder base. Operationally, Midland Bank has significantly accelerated its digital transformation agenda by expanding automated loan processing platforms, deploying agent banking outlets in underserved regions, and integrating instant payment gateways with major mobile financial service networks such as bKash and Nagad. Additionally, the bank has expanded its dedicated Islamic banking footprint through the rollout of new MDB Saalam service desks across its conventional branch network and broadened its green and sustainable financing portfolio in compliance with central bank sustainable finance guidelines.