Marketing Mix AB Bank Limited

Compensation System of an industrial enterprise in Bangladesh A case study of AB pious platitude Limited. 1. Historical Background of AB trust AB margin Limited, the first private sector brim under joint venture with Dubai entrust Limited. UAE incorporated in Bangladesh on 31st December 1981 & started its operation with effect from April 12, 1982.Dubai situate Limited ( anticipate by and by changed to Union Bank of the Middle east Limited) decided to off-load their investment in AB Bank Limited with a view to concentrate their activities in the UAE in early part of 1987 & in teams of Articles 23 A & 23B of the Articles of tie beam of the company & with the necessary approval of the relevant authorities, the shargons held by them in the Bank were sold & transferred to Group A Shareholders, i. e.Bangladesh Sponsor Shareholders. As of December 31, 2006 the trustworthy capital & the equity (paid up capital & reserve) of the bank are BDT 2000 cardinal & BDT 2582. 76 million resp ectively. The sponsor-shareholder holds 50% of the share capital the General humans Shareholders hold 49. 43% & the rest 0. 57% shares are held by the organisation of the Peoples Republic of Bangladesh. However, on individual sponsor shareholder of more past 10% of its total shares.Since beginning, the bank acquired confidence & trust of the public & seam houses by rendering high quality services in assorted areas of banking operations, professional competence & employment of state of art technology. During the last 27 years, AB Bank Limited has opened 73 Branches in contrary Business centers of the country, one foreign Branch in Mumbai, India, two Representatives officeholder in London & Yangon, Myanmar respectively & also established a entirely owned subsidiary finance. Company in Hong Kong in the name of AB Bank International Finance Limited.To facilitate cross border plow & payment related services, the Bank has correspondent relationship with over 220 transnational ba nks of repute across 58 countries of world. 1. 2 Corporate Slogan Of AB Bank Ltd. First Of Many Firsts 1. 3Vision To be the trendsetter for innovative banking with excellence & nonpareil 1. 4 Mission To be the best per piddleing bank in the country 1. 5 Change Of Name Arab Bangladesh Bank Limited changed its name to AB Bank Limited(ABBL) with effect from 14 November 2007 vide Bangladesh Bank BRPD circular letter no. 10 dated 22 November 2007. Prior to that shareholders of the bank authorise the change of name in the Extra-Ordinary General Meeting held on 4 September 2007. 1. 6 Birth Of the Logo The coat of arms of the late logo is inspired by traditional Shital pati or Sleeping sweep up. The knit and the pattern of interlace in the new logo that echoes the manifold weave of Shital pati symbolizes bonding. This bonding reflects the new spirit of AB Bank. 1. 7 overlap and do of AB Bank The product and services of AB Bank are exposing the table Product Services Retail Banking Locker Service Corporate Banking Internet Banking SME Banking SMS Banking Deposits Rate New Cheque Book bills Transfer Lost ChequeBook Islami Banking Lost Credit/Debit lineup AB Securities Limited Fund Transfer Cards Account porta SME Banking Address Change Loan Syndication Signature Change NRB Banking Account closure Project Finance 1. 8 Organ Gram Of AB Bank Limited 1. 9 Corporate Information at a survey Name Of the BankAB Bank Of Bangladesh Limited Status unrestricted Limited Company Date Of Incorporation31 december 1981 arising of the Jubilee Road Branch 26th July , 1994. Head Office, BCIC Bhaban, 30-31, Dilkusha Commercial Area, Dhaka enrolment No C281461 (1992)/95 Chairman Mr. M. Wahidul Haque Vice chairman Salim AhmedPresident & Managing theatre director Fazlur Rahman real Capital TK. 800 Million Director11 Number Of Employees3342 1. 10 stipend Structure of AB Bank Bangladesh Limited The net profit structure of AB Bank mention to the stage of employee . Now describe the allowance of AB Bank bangladesh limited Basic Pay Basic pay is the resolution compensation which paid to the employee in depends on job responsibilities. House payment AB Bank supplys 40 to 50 percent house pay and it depends on the level of employees position. Medical Allowance AB Bank provide medical allowance for every employees. Lunch AB Bank bring home the bacon the Lunch for employees 20 to 35 minute.Education AB Bank provide education for employees childrens who are bright result in school collage and University. train Hours AB Bank are houner training hours. Utility Allowance AB Bank are provide the utility allowance for an employees. pay for fourth dimension not at work of AB Bank Sick Lecve when an employee bead in sick for that reason an employee does not work that measure AB Bank are granted the leave without panishment. Holidays holidays are included his salary for that reason an employee get 100% salary. Casual intrust An employee can po sit a casual leave 8 days in a year but not hampered in his salary. Emergency Leave AB Bank are pay the salary when anybody die in employees family.Earn Leave When an employees performance is very well that time bank authority are given reword by the leave that time AB Bank are paid the full salary. Other Leave The AB Bank are declear different kinds of leave that time pay the full salary. pregnancy Leave it only for pregnent women are take a leave that time moth off with pay. Non Financial compensation of AB Bank non financial compensation means incentives that are provided to employees by AB Bank in the form of indirect pay. Chairman Vice Chairman Board of Director Managing Director & President SEVP SEVP SEVP SEVP EVP EVP EVP EVP SVP SVP SVP SVP VP VP VP VP SAVP SAVP SAVP SAVP AVP AVP AVP AVP SPO SPO SPO SPO PO PO PO PO SO SO SO SO OFFICER OFFICER OFFICER OFFICER