One Bank PLC. provides a wide range of commercial banking services.
Business Segments
The company operates through Retail Banking, Corporate Banking, and Off-Shore Banking segments.
Retail Banking
This segment offers savings accounts, current accounts, fixed deposits, personal loans, home loans, and credit cards for individual customers and small businesses.
Corporate Banking
This segment provides working capital financing, term loans, trade finance, cash management services, and treasury...
One Bank PLC. provides a wide range of commercial banking services.
Business Segments
The company operates through Retail Banking, Corporate Banking, and Off-Shore Banking segments.
Retail Banking
This segment offers savings accounts, current accounts, fixed deposits, personal loans, home loans, and credit cards for individual customers and small businesses.
Corporate Banking
This segment provides working capital financing, term loans, trade finance, cash management services, and treasury solutions for large corporations, medium-sized enterprises, and institutional clients.
Off-Shore Banking
This segment offers various commercial banking services in foreign currency; and facilitates international trade and finance.
Loans
Personal Loans
The company offers personal loans to cater the individual financial needs of customers for managing personal expenses, medical emergencies, educational needs, and other financial requirements.
Home Loans
The company offers home loans to individuals looking to purchase, construct, or renovate residential properties.
Corporate Loans
The company provides corporate loans, such as working capital financing, term loans, project financing, and trade finance for the financial needs of large corporations, medium-sized enterprises, and institutional clients for managing their cash flow, expand operations, and undertake new projects.
Specialized Loan Products
The company offers specialized loan products to cater to specific sectors and industries. These include loans for agriculture, small and medium enterprises (SMEs), and other targeted sectors.
Agricultural Loans: The company provides agricultural loans to support farmers and agribusinesses. These loans are designed to finance agricultural activities, such as crop production, livestock farming, and agro-processing. The company’s agricultural loans help farmers invest in modern farming techniques, purchase equipment, and manage their agricultural operations more efficiently.
SME Loans: The company offers working capital, equipment financing, and other financial support for small and medium enterprises (SMEs).
Investment Portfolio
The investment portfolio includes various types of securities, such as government bonds, treasury bills, corporate bonds, and equity investments.
Government Securities
The company’s government securities include treasury bills, treasury bonds, and government Islamic bonds.
Treasury Bills: Treasury bills are short-term government securities with maturities of up to one year.
Treasury Bonds: Treasury bonds are long-term government securities with maturities ranging from one year to thirty years.
Government Islamic Bonds: The company invests in government Islamic bonds, which are Shariah-compliant securities. These bonds provide an alternative investment option for the company, aligning with the principles of Islamic finance. The income from government Islamic bonds is derived from profit-sharing arrangements rather than interest, making them suitable for customers seeking Shariah-compliant investment options.
Corporate Bonds and Debentures
Corporate bonds and debentures are another essential component of the company's investment portfolio. These securities are issued by corporations to raise capital and typically offer higher returns compared to government securities.
Subordinated Bonds: The company holds investments in subordinated bonds, which are a type of corporate bond that ranks below other debts in case of liquidation. Subordinated bonds offer higher interest rates to compensate for the increased risk. The interest income from subordinated bonds contributes to the company's overall investment income.
Equity Investments
The company’s investment portfolio includes equity investments in various companies. Equity investments provide the company with an opportunity to participate in the growth and profitability of these companies. The company’s equity investments are diversified across different sectors.
Deposits
The company’s deposit products include savings accounts, current accounts, fixed deposits, and specialized deposit schemes.
Savings Accounts
The company offers various types of savings accounts. These provide additional benefits, such as ATM cards, internet banking, and mobile banking services.
Regular Savings Account: This account is designed for individual customers looking to save money while earning interest. It offers a nominal interest rate and easy access to funds through various banking channels.
Premium Savings Account: This account is targeted at high-net-worth individuals, offering higher interest rates, personalized banking services, and additional benefits, such as free checkbooks and higher transaction limits.
Student Savings Account: This account is tailored for students, providing them with an opportunity to save money while earning interest. It offers lower minimum balance requirements and additional benefits, such as educational loans and scholarships.
Current Accounts
The company offers current accounts are designed for businesses and individuals that require frequent access to their funds. The company’s current accounts are for businesses that need to manage their cash flow and conduct numerous transactions daily.
Business Current Account: This account is designed for businesses of all sizes, offering features, such as overdraft facilities, checkbooks, and online banking services. It helps businesses manage their daily financial transactions efficiently.
Corporate Current Account: This account is targeted at large corporations, providing them with comprehensive banking services, including cash management, trade finance, and treasury solutions. It offers higher transaction limits and personalized banking services to meet the complex financial needs of corporate clients.
Individual Current Account: This account is designed for individual customers who require frequent access to their funds. It offers features, such as checkbooks, debit cards, and internet banking services.
Fixed Deposits
The company provides fixed deposits for customers with a secure and stable investment option. Customers can choose from various tenure options, ranging from a few months to several years.
Regular Fixed Deposit: This product is designed for individual customers looking for a safe and stable investment option.
Corporate Fixed Deposit: This product is targeted at businesses and institutional clients, providing them with a secure investment option to park their surplus funds. It offers higher interest rates and flexible tenure options, ensuring that businesses can maximize their returns while maintaining liquidity.
Senior Citizen Fixed Deposit: This product is designed for senior citizens, offering them higher interest rates and additional benefits, such as monthly interest payouts and flexible tenure options. It provides a safe and stable investment option for senior citizens to earn a regular income.
Specialized Deposit Schemes
The company offers various specialized deposit schemes to cater to the unique financial needs of different customer segments. These schemes are designed to provide customers with additional benefits and features.
Recurring Deposit Scheme: This scheme allows customers to save a fixed amount of money regularly, earning interest on their deposits. It is designed to encourage regular savings and provides a disciplined approach to saving money.
Child Savings Scheme: This scheme is designed for parents looking to save money for their children’s future. The company offers higher interest rates and additional benefits, such as educational loans and scholarships, ensuring that parents can secure their children’s financial future.
Marriage Savings Scheme: This scheme is targeted at individuals looking to save money for their marriage expenses. The company offers higher interest rates and additional benefits, such as wedding loans and discounts on wedding-related services, ensuring that customers can save money for their special day.
Products and Services
Corporate Banking
The provides corporate banking services to the financial needs of large corporations, medium-sized enterprises, and institutional clients. The company offers a range of corporate banking products and services, including:
Working Capital Financing: The company provides working capital loans to help businesses manage their short-term financial needs and maintain smooth operations.
Term Loans: The company offers term loans for various business purposes, including expansion, modernization, and capital expenditures. These loans are tailored to meet the specific financial requirements of corporate clients.
Trade Finance: The company’s trade finance services include letters of credit, bank guarantees, and export-import financing, helping businesses manage their international trade transactions efficiently.
Cash Management Services: The company offers comprehensive cash management solutions to help businesses optimize their cash flow and manage their liquidity effectively.
Treasury Solutions: The company provides a range of treasury services, including foreign exchange management, interest rate risk management, and investment advisory services, to help corporate clients manage their financial risks.
International Banking
The company’s international banking services include:
Trade Finance: The company provides trade finance solutions, including letters of credit, documentary collections, and export-import financing, to support international trade transactions.
Foreign Exchange Services: The company offers foreign exchange services, including currency exchange, foreign currency accounts, and foreign exchange risk management to help clients manage their international transactions.
Remittance Services: The company provides remittance services to facilitate the transfer of funds across borders, ensuring that customers can send and receive money conveniently and securely.
Specialized Financial Services
The company offers specialized financial services. These services include:
Investment Banking: The company’s investment banking services include underwriting of securities, issue management, portfolio management, and corporate advisory services. These services are designed to help clients raise capital and manage investments.
Brokerage Services: The company provides brokerage services comprising buying, selling, and dealing in shares, stocks, debentures, and other securities helping clients manage their investments in the capital markets.
Islamic Banking: The company offers Shariah-compliant banking products and services. These products include Islamic savings accounts, Islamic fixed deposits, and Islamic financing solutions, ensuring that customers seeking Islamic banking options have access to suitable financial products.
Digital Banking Services
Internet Banking: The company’s internet banking platform allows customers to access their accounts, transfer funds, pay bills, and manage their deposits online. It provides a secure and convenient way for customers to manage their finances from the comfort of their homes.
Mobile Banking: The company’s mobile banking app provides customers with access to their accounts on their smartphones. It offers features, such as fund transfers, bill payments, and account management.
ATM Services: The company’s extensive network of ATMs provides customers with easy access to their funds. Customers can withdraw cash, check account balances, and perform other banking transactions at ATMs.
Geographical Markets
The company operates in Bangladesh, including urban markets comprising Chattogram, Rajshahi, Khulna, Sylhet, Rangpur, and Barishal; and rural markets consist of Dhaka, Chattogram, Rajshahi, Khulna, Sylhet, Rangpur, and Barishal.
Marketing and Distribution
Traditional Media: The company uses traditional media channels, such as newspapers, magazines, television, and radio to advertise its products and services. These channels help in reaching a broad audience and creating brand awareness.
Digital Media: The company leverages digital media channels, including social media platforms (Facebook, Twitter, LinkedIn), email marketing, and online advertisements. Digital media allows the company to engage with customers in real-time and provide them with relevant information about its products and services.
Events and Sponsorships: The company participates in financial fairs, trade shows, and community events to promote its products and services. Sponsorship of events and community programs helps in enhancing the company’s brand visibility and reputation.
Branch Network: The company’s extensive branch network is a primary distribution channel for its products and services.
Digital Banking Platforms: The company’s digital banking platforms, including internet banking and mobile banking, serve as key distribution channels. These platforms provide customers with 24/7 access to banking services, enabling them to manage their finances conveniently.
ATM Network: The company’s ATM network provides customers with easy access to cash withdrawal and other banking services. The ATMs are strategically placed to ensure coverage in various regions.
Government Regulations
The company is primarily governed by the regulations and banking laws of Companies Act 1994; Bank Company Act 1991; the Bangladesh Bank; and Securities and Exchange Rules 1987.
Environmental Laws
The company is subject to various environmental laws and regulations, including Environmental Conservation Act 1995; Environmental Conservation Rules 1997; and Bangladesh Bank’s Green Banking Guidelines.
History
The company was founded in 1999. The company was incorporated in 1999. The company was formerly known as ONE Bank Limited and changed its name to One Bank PLC.
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