Janata Bank Limited (JBL) is the second largest commercial bank in Bangladesh with 851 branches and an asset base of Tk. 282 billion. The Bank is fully owned by Government of Bangladesh. The mission of the bank is to actively participate in the socio-economic development of the nation by operating a commercially sound banking organization. The Bank received operational autonomy in
2007 after it became a public limited company under a World Bank financed program. Realizing the potential of our capital market, Janata Bank Limited expanded into stock markets in 2009 through launching its own merchant banking operations. Given the scarcity of mutual funds in the Bangladesh stock market, Janata Bank Limited has decided to sponsor the First Janata Bank Mutual Fund. The Bank also realizes that mutual fund is the need of the hour to make our stock market more vibrant and efficient – furthermore First Janata Bank Mutual Fund will expand the bank’s product offerings to clients. In order to efficiently launch First Janata Bank Mutual Fund, the Bank has appointed RACE Management, a second-generation asset management company that has already made its mark in the local market by becoming the largest private Asset Management Company in Bangladesh in a little more than year.