Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
2017
Tax-evasion allegations
The National Board of Revenue moved to freeze Premier Bank accounts amid allegations of tax evasion.
2016
ATM theft using cloned cards
Approximately BDT 4 million was reportedly stolen from the bank's ATMs using cloned Saudi Arabian credit cards.
2014
Money-laundering compliance fine
The bank was fined BDT 2 million in a money-laundering-related regulatory matter.
2013
Alleged customer-account embezzlement
A customer alleged that funds connected with a Saudi-funded housing project were diverted from a Premier Bank account. The Anti-Corruption Commission reported preliminary evidence of embezzlement, and related investigations and litigation followed.
2005
KYC compliance penalty
Bangladesh Bank fined Premier Bank for failing to comply with Know Your Customer requirements.