The bank can trace its origins to the former Bangladesh Commerce and Investment Limited, set up on 27 January 1986.

In April 1992, its activities were suspended by Bangladesh Bank due to a liquidity crises.

[4] The bank donated to Prime Minister Khaleda Zia's relief fund.

6 members Jama'atul Mujahideen Bangladesh (JMB) and Ansarullah Bangla Team were sentenced to death in the case and others were imprisoned.

[17] The chairman of the group, Tipu Sultan and managing director, Jahir Ahmed, were sentenced to one year in jail in the case.