Dhaka Bank Limited a private sector commercial bank. It was incorporated as a public limited company on 6 April 1995 under the companies act 1994. It started commercial banking operations on 5 July 1995 with an authorised capital of Tk 1000 million, divided into 10 million ordinary shares of Tk 100 each. The issued, subscribed, and paid up capital of the bank in 1995 was Tk 100 million, which was paid fully by the sponsors. In 2000, the paid up capital of the bank increased to Tk 275.88 million. In 1999, the bank's total equity (capital and reserves) was Tk 338.30 million the amount of its reserves (statutory and general reserves and dividend equalisation fund) was Tk 62.42 million. The reserves declined to Tk 44.22 million in 2000. Every year the Dhaka Bank, like other scheduled commercial banks in Bangladesh, provides a general provision @ 1% on unclassified loans. The provisions are treated as supplementary capital of the bank.
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