Friday, August 19, 2011

Banks of Bangladesh


Banks of Bangladesh
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:
§  A central bank circulates money on behalf of a government and acts as its monetary authority by implementing monetary policy, which regulates the money supply.
§  A commercial bank accepts deposits and pools those funds to provide credit, either directly bylending, or indirectly by investing through the capital markets. Within the global financial markets, these institutions connect market participants with capital deficits (borrowers) to market participants with capital surpluses (investors and lenders) by transferring funds from those parties who have surplus funds to invest (financial assets) to those parties who borrow funds to invest in real assets.
§  A savings bank (known as a "building society" in the United Kingdom) is similar to a savings and loan association (S&L). They can either be stockholder owned or mutually owned, in which case they are permitted to only borrow from members of the financial cooperative. The asset structure of savings banks and savings and loan associations is similar, with residential mortgage loans providing the principal assets of the institution's portfolio.
Because of the important role depository institutions play in the financial system, the banking industry is generally regulated with government restrictions on financial activities by banks varied over time and by location. Current global bank capital requirements are referred to as Basel II. In some countries, such as Germany, banks have historically owned major stakes in industrial companies, while in other countries, such as the United States, banks have traditionally been prohibited from owning non-financial companies. In Japan, banks are usually the nexus of a cross-share holding entity known as the "keiretsu". In Iceland, banks followed international standards of regulation prior to the recent global financial crisis that began in 2007.
The oldest bank still in existence is Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
A Bank's main source of income is interest. A bank pays out at a lower interest rate on deposits and receives a higher interest rate on loans. The difference between these rates represents the bank's net income.


Bank of Bangladesh

1.Central Bank

Bangladesh Bank

Bangladesh Bank is the Central bank of Bangladesh and is a member of theAsian Clearing Union.
After the liberation war, and the eventual independence of Bangladesh, the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it Bangladesh Bank. This reorganization was done pursuant to Bangladesh Bank Order, 1972, and the Bangladesh Bank came into existence with retrospective effect from 16 December 1971.
The 1971 Mujib regime ran a pro-socialist agenda – in 1972, the government decided to nationalize all banks in order to channel funds to the public sector and to prioritize credit to those sectors that sought to reconstruct the war-torn country – mainly industries and agricultural sectors. However, government control at the wrong sectors prevented these banks from functioning well. This was compounded by the fact that loans were handed out to the public sector without commercial considerations, that banks had poor capital lease, provided poor customer services and didn’t have any market-based monetary instruments. But mostly, because loans were given out without commercial sense, and because they took a long time to call a loan non-performing, and once they did so, recovery under the erstwhile judicial system was so abjectly expensive, their loan recovery was abysmally poor. While the government made a point of intervening everywhere, it didn’t set up a proper regulatory system that would diagnose such problems and correct them. Hence, banking concepts like profitability and liquidity was alien to bank managers, and capital adequacy took backseat.
In 1982, the first reform program was initiated, where the government denationalized two of the six nationalized commercial banks and permitted local private banks to create competition in the banking sector. In 1986, a National Commission on Money, Banking and Credit was appointed to recover the problems of the banking sector and a number of steps were taken for the recovery targets for the nationalized commercial banks and development financial institutions and prohibiting defaulters from getting new loans, yet, the efficiency of the banking sectors could not be improved.
The Financial Sector Adjustment Credit (FSAC) and Financial Sector Reform Programme (FSRP) were formed in 1990, upon contracts with the World Bank with the objective to remove government distortions and lessen the financial repression. The policies made use of the McKinnon-Shaw hypothesis which stated that removing distortions will augment efficiency in the credit market and increase competition.[1] The policies therefore involved banks to provide loans on commercial basis, enhance banks’ efficiency and to limit government control to the monetary policy only. FSRP forced banks to have a minimum capital adequacy, to systematically classify loans and to implement modern accounting systems and computerized systems. It forced the central bank to free up interest rates, revise financial laws, and to increase supervision in the credit market. The government also developed the capital market, which too was performing poorly.
However, FSRP was expired in 1996 and afterward the Government of Bangladesh formed a Bank Reform Committee (BRC) whose recommendations were largely remained unaddressed by the then government.
Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s foreign exchange and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries, exercises monopoly over the issue of currency and the banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of Bangladeshi Taka.
The highest official in the bank is the Governor (currently Dr. Atiur Rahman). His seat is inMotijheel, Dhaka. The Governor chairs the Board of Director. The Executive Staff, also headed by the Governor, are responsible for the day to day affairs.
The Bank also has a number of departments under it, namely Debt Management Dept, Law Dept, and so on, each headed by one or more General Managers.[3] The Bank has nine physical branches in Bangladesh, in Motijheel, Sadarghat, Barisal, Khulna, Sylhet, Bogra,Rajshahi, Rangpur and Chittagong, each headed by a General Manager (the Motijheel branch, the HQ, has two GMs).
The executive staff are responsible for daily affairs, and involves the governor, and the four deputy governors under him. Under the governors, there are the executive directors and the economic analyst.
The general managers of the departments come under the directors, and are not part of the executive staff.
The four deputy governors are Md. Nazrul Huda, Ziaul Hasan Siddiqui, Murshid Kuli Khan and Md. Abul Quasem.
The board of directors consist of the governor of the bank and eight other members. They are responsible for the policies undertaken by the Bank. The list of current members can be found here.
§  A.N.M. Hamidullah 1972-1974
§  A.K.N. Ahmed 1974-1976
§  M. Nurul Islam 1976-1987
§  Shegufta Bakht Chaudhuri 1987-1992
§  Khorshed Alam 1992-1996
§  Lutfar Rahman Sarkar 1996-1998
§  Dr. Mohammed Farashuddin 1998-2001
§  Dr. Fakhruddin Ahmed 2001-2005
§  Dr. Salehuddin Ahmed 2005-2009
§  Dr. Atiur Rahman 2009-

2.State-owned Commercial Banks

With the objective of alleviating poverty of the unemployed population, especially the unemployed youths, of the country by involving them in economic development activities through providing them with employment opportunities, Karmasangsthan Bank was established under the Karmasangsthan Bank Act, 1998 (Act No. 7 of 1998) which was enforced on 30 June, 1998 by the Government of the People’s Republic of Bangladesh. The Bank went on operation on 22 September, 1998 by disbursing the first loan from its Main Branch, Dhaka.
The major occupation of the people of Bangladesh is "Krishi". The Bengali term Krishi means "Agriculture". About 85% of the population depends directly or indirectly on agriculture which contributes a significant portion to GDP. Bangladesh Krishi Bank (BKB) has been established under the Bangladesh Krishi Bank order 1973 (President's Order No 27 of 1973).BKB is a Banking Company under the Banking Company Act-1991. Its Head Office is located at Krishi Bank Bhaban, 83-85 Motijheel Commercial Area, Dhaka-1000, Bangladesh. The primary objective of BKB is to provide credit facilities to the farmers for the development of agriculture i.e. Crop production, Fish culture, Animal Husbandry etc, entrepreneurs engaged in development of agro-based and cottage industries. The Bank is guided in accordance with the policies and principles of the Government of the Peoples Republic of Bangladesh. BKB has an authorized capital of Tk. 15,000 Million (Taka Fifteen thousand Million) only and paid up capital of Tk. 9,000 Million (Taka Nine thousand Million) only which is fully paid by the Government. The Bank started commercial functioning since 1977 to generate more loanable fund from the idle rural and urban savings and invest them for the betterment of our economy. The Bank operates its function through its 972 branches (except Rajshahi Division). It has 16 foreign exchange (Authorized dealer) branches. In the field level the Bank has 9 Divisional, 29 Chief Regional and 24 Regional offices for close supervision of the branch activities. For smooth operation, as a part of internal control and compliance system, the bank has also 63 field level audit offices of which 9 at Divisional and 54 at Regional levels. In the Head Office the Bank has 4 Divisions headed by General Managers, 28 Departments and a Training Institute headed by Deputy General Managers. Local Principal Office of BKB is headed by a General Manager. The existing strength of Bank's manpower is 9430 against the approved strength of 13680 as on 31 December, 2010.The Bank has a Board of Directors comprising of 11 members. The Board is headed by the Chairman. The Board Chairman is generally an experienced professional/ex-professional who has wide acceptability and rapport. The Directors represent both public and private sectors and are appointed by the Government.The Managing Director is the Chief Executive of the Bank. He is appointed by the Government. The Bank has two posts of Deputy Managing Directors and they are appointed by the Government. The Bank has 14 posts of General Managers. They are also appointed by the Government.
Sonali Bank was established in 1972 under the Bangladesh Banks (Nationalisation) Order, through the amalgamation and nationalisation of the branches of National Bank of Pakistan, Bank of Bhowalpur and Premier Bank branches located in East Pakistan until the 1971 Bangladesh Liberation War. When it was established, Sonali Bank had a paid up capital of 30 million taka. In 2001, its authorised and paid up capital were Tk 10 billion and Tk 3.272 billion respectively. The bank's reserve funds were Tk 60 million in 1979 and Tk 2.050 billion on 30 June 2000.
Sonali Bank has a total of 1186 branches. Out of them, 488 are located in urban areas, 696 in rural areas, and 2 are located overseas. It also operates the Sonali Exchange Company Inc. in USA and Sonali Bank (UK) Ltd., United Kingdom, to facilitate foreign exchange remittances. Sonali Bank UK remits up to to 14 destinations across Bangladesh directly, these include Dhaka, Chittagong, Sylhet, Maulvibazar, Beanibazar, Balaganj, Biswanath, Jagannathpur, Sunamganj, Golapganj, Nabigonj, Habigonj, Kulaura or Tajpur. There are currently three branches in the UK, one located in Brick Lane, London, another in Small Heath, Birmingham and in Manchester.
Sonali Bank Limited operates the following services
  • Corporate Banking
  • Project Finance
  • SME Finance
  • Consumer Credit
  • International Trade
  • Trade Finance
  • Loan Syndication
  • Foreign Exchange Dealing
  • Rural and Micro credit
  • NGO-Linkage Loan
  • Investment
  • Government Treasury Function
  • Money Market Operation
  • Capital Market Operation
  • Remittance
Janata Bank  is a state-owned commercial bank of Bangladesh established in 1971. Its headquarter is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh.

Awards
  • Best Bank-Bangladesh 2008 by Global Finance" magazine
  • Best Bank-Bangladesh 2007 by Global Finance magazine
  • Best Bank-Bangladesh 2006 by Global Finance magazine
  • Asian Banking Awards 2005 by Asian Bankers Association (ABA)
  • Asian Banking Awards 2004 by Asian Bankers Association (ABA)
  • The bank of the year 2004 in Bangladesh by the London based financial magazine The Banker of the Financial Times Group.
  • The bank of the year 2003 in Bangladesh by the London based financial magazine The Banker of the Financial Times Group.
  • The bank of the year 2002 in Bangladesh by the London based financial magazine The Banker of the Financial Times Group.
  • The bank of the year 2001 in Bangladesh by the London based financial magazine The Banker of the Financial Times Group.
Rupali Bank is a commercial bank in Bangladesh. It was established as a nationalised bank in 1972 under the Bangladesh Banks Nationalisation Order, through the amalgamation of the branches of Muslim Commercial Bank, Australasia Bank and Standard Bank that were operating in East Pakistan, following the 1971 Bangladesh Liberation War. The bank was denationalised in 1986, and reorganised as a limited company, with the Government of Bangladesh holding 51% shares. However, after the year 2000, the Government divested of its shares, and the privatization of the bank was complete.
Agrani Bank  is a state-owned commercial bank of Bangladesh established in 1972 . Its headquarter is situated at Motijheel in Dhaka, the capital city of Bangladesh.
It started functioning as nationalised commercial bank taking over assets and liabilities of the erstwhile Habib Bank ltd and commerce Bank ltd. functioning in the East Pakistan. It has been privatized on 15th November 2007 and emerged as Agrani Bank Limited (ABL) taking over assets, liability and goodwill of Agrani Bank. The authorized capital of the Bank is Tk. 800 crore.
b)Private Commercial Banks
BRAC Bank is the last organization to have received a commercial banking license from Bangladesh Bank, making it the youngest private commercial bank in Bangladesh. Its headquarters are based in the capital Dhaka. The bank is partially owned by BRAC, the largest non-government organization in the world, International Finance Corporation, the private sector arm of The World Bank Group and ShoreCap International.
Though BRAC Bank was formed with the aim to serve the millions of small and medium enterprises (SMEs) in the country. Having pioneered the concept of SME financing in Bangladesh, it is the fourth largest SME bank globally. The company also provides services within corporate and institutional banking, retail banking, as well as probashi banking, which specifically caters to non-resident Bangladeshis abroad. Other areas include customized treasury and foreign exchange solutions, and custody services. It ranks amongst the top banks nationally that processes remittances from abroad.


With a vision to become the bank of choice and to be the most valuable financial brand in Bangladesh, Eastern Bank Ltd. (EBL) began its journey in 1992. Over the years EBL has established itself as a leading private commercial bank in the country with undisputed leadership in Corporate Banking and a strong Consumer and SME growth engines. EBL’s ambition is to be the number one financial services provider, creating lasting value for its clientele, shareholder, employees and above all for the community it operates in.
Dutch-Bangla Bank Limited (the Bank, DBBL) is a scheduled joint venture commercial bank between local Bangladeshi parties spearheaded by M Sahabuddin Ahmed (Founder & Chairman) and the Dutch company FMO. DBBL was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh with the primary objective to carry on all kinds of banking business in Bangladesh. DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.
DBBL is most widely recognized for its donations to social causes and its IT investment (largest ATM network). However it has recently stated that it will stop expansion on its ATM network as the current numbers have exceeded demand and hence diminishing returns (if any). Although it is widely believed it is a loss-making/subsidized unit which DBBL rationalizes as quasi CSR.
The bank is often colloquially referred to as "DBBL", "Dutch Bangla" and "Dutch Bangla Bank".
Bangladesh economy has been experiencing a rapid growth since the '90s. Industrial and agricultural development, international trade, inflow of expatriate Bangladeshi workers' remittance, local and foreign investments in construction, communication, power, food processing and service enterprises ushered in an era of economic activities. Urbanization and lifestyle changes concurrent with the economic development created a demand for banking products and services to support the new initiatives as well as to channelize consumer investments in a profitable manner. A group of highly acclaimed businessmen of the country grouped together to responded to this need and established Dhaka Bank Limited in the year 1995.

The Bank was incorporated as a public limited company under the Companies Act. 1994. The Bank started its commercial operation on July 05, 1995 with an authorized capital of Tk. 1,000 million and paid up capital of Tk. 100 million. The paid up capital of the Bank stood at Tk 2,659,597,763 as on March 31, 2010. The total equity (capital and reserves) of the Bank as on March 31, 2010 stood at Tk 6,036,368,754.

The Bank has 54 Branches, 4 SME Service Centers, 5 CMS Units, 2 Offshore Banking Unit across the country and a wide network of correspondents all over the world. The Bank has plans to open more Branches in the current fiscal year to expand the network.

The Bank offers the full range of banking and investment services for personal and corporate customers, backed by the state–of–the-art technology and a team of highly motivated Professionals.

As an integral part of our commitment to Excellence in Banking, Dhaka Bank now offers the full range of real-time online banking services through its all Branches, ATMs and Internet Banking Channels. 

Dhaka Bank Ltd. is the preferred choice in banking for friendly and personalized services, cutting edge technology, tailored solutions for business needs, global reach in trade and commerce and high yield on investments.
Islami Bank Bangladesh Ltd. (IBBL) is one of the pioneer of Islamic Banking in Bangladesh. It became incorporated on March 13, 1983. It has 41.77% local and 58.23% foreign shareholders. With 251 branches and 10,068 staffs, IBBL is the largest private banking network in Bangladesh.
The social welfare projects of Islami Bank Foundation includes:
  • Islami Bank Hospitals
  • Islami Bank Medical College, Rajshahi
  • Community Hospitals
  • Monoram: Islami Bank Crafts & Fashion Houses
  • Service Centres
  • Islami Bank Institutes of Technology
  • Islami Bank International School and College
  • Islami Bank Physiotherapy and Disabled Rehabilitation Centre
  • Centre for Development Dialogue
  • Bangladesh Sangskritic Kendra (Cultural Centre)
As per Bankers' Almanac (January 2001 edition) published by the Reed Business Information, Windsor Court, England, IBBL's world Rank is 1771 among 3000 banks selected by them. This position was 1902 among 4500 selected banks as on January 1999 edition. IBBL's country Rank is 5 among 39 banks as per ratings made by the above Almanac on the basis of IBBL's Financial Statements of the year 2001.
The Global Finance, a reputed London based quarterly magazine, awarded IBBL as the best bank of Bangladesh for the year 1999, 2000, 2004, 2005 to 2010 and the best Islamic financial institution in 2008.
Pubali Bank  is a private commercial bank in Bangladesh. It has more branches than any other private bank in the country.Pubali Bank Limited was initially established in East Pakistan as Eastern Mercantile Bank Limited in 1959, under the Bank Companies Act of 1913. Bangladesh became independent in 1972 Eastern Mercantile Bank Limited was nationalized and renamed as Pubali Bank. The bank was denationalized in 1983, and was renamed as Pubali Bank Limited. The People's Republic of Bangladesh handed over all assets and liabilities of Pubali Bank to Pubali Bank Limited. Since then Pubali Bank Limited has been involved in Commercial Banking services as the largest bank in the private sector of Bangladeshhaving 400 branches.. Mr. Hafiz Majumder is the present Chairman of Pubali Bank.
Uttara Bank Limited (UBL) is a private commercial bank in Bangladesh established in 1965 with the head office located at Motijheel in Dhaka, the capital city of Bangladesh. At the time of its establishment in 1965, it was named "Eastern Banking Corporation". After the liberation war of Bangladesh, the bank was nationalized. In 1983, it became the first privatized bank of Bangladesh.
UBL has 212 branches in Bangladesh. More than 3500 employees work for the bank. It is also affiliated with nearly 600 financial institutions worldwide. Though it is a private bank but still their manpower is developed by their educational background and resources. but now they are trying.

The International Finance Investment and Commerce (IFIC) Bank Limited is a private commercial bank in Bangladesh.
IFIC was setup as a joint government-private finance company in 1976. The government held a 49% stake in the firm. On June 24, 1983, IFIC became a private commercial bank. While the bank is currently listed on the Dhaka Stock Exchange the government retains a 40% stake in it to this day
IFIC has over 98 branches in Bangladesh & 5 SME Centre.
National Bank Limited is one of the leading private commercial bank having a spread network of 130 branches and 15 SME/Agri Branches (total 145 service locations) across Bangladesh and plans to open few more branches to cover the important commercial areas in Dhaka, Chittagong, Sylhet and other areas in 2010.
National Bank Limited has been licensed by the Government of Bangladesh as a Scheduled commercial bank in the private sector in pursuance of the policy of liberalisation of banking and financial services and facilities in Bangladesh. In view of the above, the Bank within a period of 25 years of its operation achieved a remarkable success and met up capital adequacy requirement of Bangladesh Bank.
National Bank Limited is a customer oriented financial institution. It remains dedicated to meet up with the ever growing expectations of the customer because at National Bank, customer is always at the center.
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010[update], Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.
Citibank has retail banking operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, Washington, DC and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, and Dallas metropolitan areas.
In addition to the standard banking transactions, Citibank offers insurance, credit cards and investment products. Their online services division is among the most successful in the field, claiming about 15 million users.
As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion.Since this time, Citibank has repaid its government loans in full.
Sponsored by some dynamic and reputed entrepreneurs and eminent industrialists of the country and also participated by the Government, UCB started its operation in mid 1983 and has since been able to establish one of the largest network of 110 branches among the first generation banks in the private sector.
With its firm commitment to the economic development of the country, the Bank has already made a distinct mark in the realm of Private Sector Banking through personalised service, innovative practices, dynamic approach and efficient Management. The Bank, aiming to play a leading role in the economic activities of the country, is firmly engaged in the development of trade, commerce and industry thorough a creative credit policy.
The Bank has in its Management a combination of highly skilled and eminent bankers of the country of varied experience and expertise successfully led by Mr. M. Shahjahan Bhuiyan, a dynamic banker, as its Managing Director and well educated young, energetic and dedicated officers working with missionary zeal for the growth and progress of the institution.
NCC Bank Limited (NCC) started its business in Bangladesh in 1985
as a financial institution. The company operated up to 1992 with 16
branches and thereafter with the permission of the Central Bank
converted in to a full fledged private commercial Bank in 1993.
Currently has 65 branches all over Bangladesh.
In 2008 Bank entered into a joint venture with TMMS– an NGO
working for empowerment of women folks of the country under
DFID funded projects. Now NCC can reach remote area of
Bangladesh by using 250 branches of TMSS.
NCC has managed impressive growth in loan portfolio, total assets
and fee income while maintaining capital adequacy, asset quality,
sound management and profitability. NCC has diversified its
business over the years and offers different types of commercial
banking, retail, treasury and  capital market services.  The bank has
significant non-funded income (40% of total operating income).
NCC has achieved five years Cumulative Annual Growth Rate (CAGR)
of 29.24% in loans & advances. The bank achieved average ROE and
ROA of 25.53% and 1.63% respectively in the  last five years, which
is quite impressive in the industry. We expect the bank to continue
these levels in future  years.
We initiate coverage of NCC Bank Limited with an
OUTPERMFORM rating and a 12-month target price of BDT 800.
Our rating takes into account the impressive growth and
profitability the bank has achieved over the years. We also
considered the asset quality and the management practices of
the bank, addition of new lines of business and investment mix.
Our target price implies a forward P/E ratio of 12.5x with
expected 2010 EPS of BDT 76.60.
Prime Bank Limited is a private commercial bank in Bangladesh. It was established on April 17, 1995. It is now one of the banks in Bangladesh which follows international standard in Banking and Finance.
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc.
Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society. Diversification of products and services include Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture, and real state to software.
Southeast Bank Limited was established in 1995 with a dream and a vision to become a pioneer banking institution of the country and contribute significantly to the growth of the national economy. The Bank was established by leading business personalities and eminent industrialists of the country with stakes in various segments of the national economy. The incumbent Chairman of the Bank is Mr. Alamgir Kabir, FCA, a professional Chartered Accountant. Mr. M. A. Kashem a member of the Board and Mr. Yussuf Abdullah Harun were past Presidents of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI).
Southeast Bank is run by a team of efficient professionals. They create and generate an environment of trust and discipline that encourages and motivates everyone in the Bank to work together for achieving the objectives of the Bank. The culture of maintaining congenial work - environment in the Bank has further enabled the staff to benchmark themselves better against management expectations. A commitment to quality and excellence in service is the hallmark of their identity. Southeast Bank takes pride for bringing women into the banking profession in a significant number for gender equality. At present, 32% of SEBL's employees are women that will rise to 45% over the next five years.
Islam provides us a complete lifestyle. Main objective of Islamic lifestyle is to be successful both in our mortal and immortal life. Therefore in every aspect of our life we should follow the doctrine of Al-Qur'an and lifestyle of Hazrat Muhammad (Sm.) for our supreme success. Al-Arafah Islami Bank started its journey in 1995 with the said principles in mind and to introduce a modern banking system based on Al-Qur’an and Sunnah.
A group of established, dedicated and pious personalities of Bangladesh are the architects and directors of the Bank. Among them a noted Islamic scholar, economist, writer and ex-bureaucrat of Bangladesh government Mr. A.Z.M Shamsul Alam is the founder chairman of the bank. His progressive leadership and continuous inspiration provided a boost for the bank in getting a foothold in the financial market of Bangladesh
A group of 20 dedicated and noted Islamic personalities of Bangladesh are the member of Board of Directors of the bank. They are also noted for their business acumen. Al-Arafah Islami Bank Ltd. has 78 braches and a total of 1711 employees (upto December 2010). Its authorized capital is Taka 5000 millions and the paid-up capital is Taka 4677.28 millions.
Wisdom of the directors, Islamic bankers and the wish of Almighty Allah make Al-Arafah Islami Bank Ltd. most modern and a leading bank in Bangladesh.
The formal corporate sector, this Bank would, among others, offer the most up-to date banking services through opening of various types of deposit and investment accounts, financing trade, providing letters of guarantee, opening letters of credit, collection of bills effecting domestic and international transfer, leasing of equipment and consumer durables, hire purchase and installment sale for capital goods, investment in low-cost housing and management of real estates, participatory investment in various industrial, agricultural , transport, educational and health projects and so on.
In the Non-formal non-corporate sector, it would, among others, involve in cash Waqf Certificate and development and management of WAQF and MOSQUE properties, and Trust funds.
Our Mission
o    High quality financial services the latest technology.
o    Fast, Accurate and Satisfactory customer service.
o    Balanced & sustainable growth strategy.
o    Optimum return on shareholders' equity.
o    Introducing innovative Islamic Banking products.
o    Attract and retain high quality human resources.
o    Empowering real poor families and create local income opportunities.
o    Providing support for social benefit organizations - by way of mobilizing funds and social services.
Our Vision
Social Islami Bank Ltd started its journey with the concept of 21st Century Islamic participatory three sector banking model: i) Formal Sector- Commercial Banking with latest technology; ii) Non-Formal Sector - Family Empowerment Micro-Credit & Micro-enterprise program and iii) Voluntary Sector - Social Capital mobilization through CASH WAQF and others. Finally, "Reduction of Poverty Level" is our Vision, which is a prime object as stated in Memorendum of Association of the Bank with the commitment "Working Together for a Caring Society".
Standard Bank Limited (SBL) was incorporated as a Public Limited Company on May 11, 1999 under the Companies Act, 1994 and the Bank achieved satisfactory progress from its commercial operations on June 03, 1999. SBL has introduced several new products on credit and deposit schemes. It also goes for Corporate and Retail Banking etc. The Bank also participated in fund Syndication with other Banks. Through all these myriad activities SBL has created a positive impact in the Market.

Objectives

·         To be a dynamic leader in the financial market in innovating new products as to the needs of the society.
·         To earn positive economic value addition (EVA) each year to come.
·         To top the list in respect of cost efficiency of all the commercial Banks.
·         To become one of the best financial institutions in Bangladesh economy participating in the most significant segments of business market that we serve.

Core Values

·         Our Shareholders: By ensuring fair return on their investment through generating stable profit.
·         Our customer: To become most caring bank by providing the most courteous and efficient service in every area of our business.
·         Our employee: By promoting the well being of the members of the staff.
·         Community: Assuring our socially responsible corporate entity in a tangible manner through close adherence to national policies and objectives.
ONE Bank Limited was incorporated in May, 1999 With the Registrar of Joint Stock Companies under the Companies Act. 1994, as a commercial bank in the private sector. 

The Bank is pledge-bound to serve the customers and the community with utmost dedication. The prime focus is on efficiency, transparency, precision and motivation with the spirit and conviction to excel as ONE Bank in both value and image. 

The name 'ONE Bank' is derived from the insight and long nourished feelings of the promoters to reach out to the people of all walks of life and progress together towards prosperity in a spirit of oneness. 

THIRD GENERATION PRIVATE COMMERCIAL BANK

OBL is a private sector commercial bank dedicated in the business line of taking deposits from public through its various saving schemes and lending the fund in various sectors at a higher margin. However, due attention is given in respect of risk undertaking, risk hedging and if not appropriately hedged, reflection of the same in pricing. In the financing side, the bank's major concentration is in trade finance covering about 20.88% of total financing as on YE2006 which is mainly a short-term investment. The banks financing concentrate in both, working capital finance and long-term finance. OBL has major concentration of financing in medium and large industries. Since the short-term finance carries low risk compared to long-term finance; the financing strategy of OBL will assist the bank to keep the risk at minimal. 

While financing the industrial sector, the major concentration of the bank appeared to be in the textile and RMG sector; both the above sectors cover 30.89% of the total portfolio. OBL also involved in cement construction and transport sector financing. In the investment portfolio, OBL have substantial investment in quoted and non-quoted shares of different organization including some very prospective financial institutions. The bank has shown its acumen in reducing its exposure from ship scrapping sector, steel re-rolling where the bank had investment earlier. With the increase in exposure to RMG, the bank has increased its non-funded business income substantially. With an age of only 8 years, the OBL has taken initiative to launch IT based banking products like ATM facilities, E-banking etc that are praiseworthy. 

Our Vision Statement
To establish ONE Bank Limited as a Role Model in the Banking Sector of Bangladesh.
To meet the needs of our Customers, Provide fulfillment for our People and create Shareholder Value.

Our Mission Statement 
To constantly seek to better serve our Customers.
Be pro-active in fulfilling our Social Responsibilities.
To review all business lines regularly and develop the Best Practices in the industry.
Working environment to be supportive of Teamwork, enabling the Employees to perform to the very best of their abilities.
EXIM Bank Limited was established in 1999 under the leadership of Late Mr. Shahjahan Kabir, Founder Chairman who had a long dream of floating a commercial bank which would contribute to the socio-economic development of our country. He had a long experience as a good banker. A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialize his dream. In deed, all of them proved themselves in their respective business as most successful star with their endeavor, intelligence, hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder became the Honorable Chairman after the demise of the honorable founder chairman. 

This Bank starts functioning from 3rd August, 1999 with its name as Bengal Export Import Bank Limited. On 16th November 1999, it was renamed as Export Import Bank of Bangladesh Limited with Mr. Alamgir Kabir as the Founder Advisor and Mr. Mohammad Lakiotullah as the Founder Managing Director respectively. Both of them have long experience in the financial sector of our country. By their pragmatic decision and management directives in the operational activities, this bank has earned a secured and distinctive position in the banking industry in terms of performance, growth, and excellent management. The authorized capital and paid up capital of the bank are Tk. 1000.00 Crore and Tk 683.22 Crore respectively.

The Bank has migrated all of its conventional banking operation into Shariah Based Islami Banking since July/2004.

Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999.

The Bank provides a broad range of financial services to its customers and corporate clients. The Board of Directors consists of eminent personalities from the realm of commerce and industries of the country.
Bangladesh Commerce Bank Limited (BCBL) was established by the act no. I2 of 1997, passed by the Parliament of the People’s Republic of Bangladesh. Subsequently on February 8, 1998 as per clause 7(7) of act 12 of 1997, the Government constituted an 11 member Board of Directors to organize BCBL and administer the affairs of the Bank in accordance with the Act.
Bangladesh Commerce Bank Limited was incorporated on June 1, 1998 as a public limited company under the company act 1994, Banking Companies act 1991 and in accordance with the act no. 12 of 1997. The Bank formally started operation from September 16, 1999 with the slogan of “A People’s Bank with a Mission”.
The Authorized and the Paid-up capital of the Bank is Tk.2000 million and Tk.920 million respectively. Out of Tk.920 million, the Government contributed Tk.300 million and the depositors of former BCI contributed Tk.520 million as their equity share. The balance Tk.100 million is subscribed by 3 nationalized Bank
Having been registered with the Registrar of Joint Stock Companies (RJSC) and Firms with the prior approval of Securities and Exchange Commission (SEC) Bangladesh Commerce Bank Limited commenced banking operation with the opening of its Principal Branch at 19, Rajuk Avenue, Motijheel Commercial Area, the financial hub of the capital city Dhaka on September 16, 1999. By the end of the accounting year1999, the other 23 branches in Dhaka, Chittagong, Khulna, Sylhet metropolitan area and Bogra, Naogaon, Narayangonj started functioning. At present BCBL is successfully running operation in 25 branches with its last branch opened in Comilla. Export/Import/Foreign Exchange business is being done through our A/D Branches. We are also member of SWIFT. Import-Export, Foreign exchange, remittance related activities are performed with SWIFT.
The Board of Directors is constituted with 11 members, 7 of them nominated by the Government & other 4 members from private equity holders as per the memorandum and article of association & as a public-private partnership. The Board of Directors meets at least once in a month to consider and review various important policy matters relating to its operation and management. Besides, EC & Board Audit committee meetings are also held regularly.
The Company was incorporated on September 29, 1999 under the Companies Act 1994 as a public company limited by shares for carrying out all kinds of banking activities with Authorised Capital of Tk. 38,00,000,000 divided into 38,000,000 ordinary shares of Tk.100 each.

The Company was also issued Certificate for Commencement of Business on the same day and was granted license on October 05, 1999 by Bangladesh Bank under the Banking Companies Act 1991 and started its banking operation on October 24, 1999. As envisaged in the Memorandum of Association and as licensed by Bangladesh Bank under the provisions of the Banking Companies Act 1991, the Company started its banking operation and entitled to carry out the following types of banking business:

(i) All types of commercial banking activities including Money Market operations.
(ii) Investment in Merchant Banking activities.
(iii) Investment in Company activities.
(iv) Financiers, Promoters, Capitalists etc.
(v) Financial Intermediary Services.
(vii) Any related Financial Services.

The Company (Bank) operates through its Head Office at Dhaka and 68 branches. The Company/ Bank carries out international business through a Global Network of Foreign Correspondent Banks.

Memberships
  http://www.mutualtrustbank.com/images/pfeil2.gifMetropolitan Chamber of Commerce and Industry, Dhaka (MCCI, D)
  http://www.mutualtrustbank.com/images/pfeil2.gifThe Institute of Banker’s Bangladesh (IBB)
  http://www.mutualtrustbank.com/images/pfeil2.gifBangladesh Foreign Exchange Dealer’s Association (BAFEDA)
  http://www.mutualtrustbank.com/images/pfeil2.gifBangladesh Institute of Bank Management (BIBM)
  http://www.mutualtrustbank.com/images/pfeil2.gifInternational Chamber of Commerce Bangladesh Limited (ICCB)
  http://www.mutualtrustbank.com/images/pfeil2.gifAssociation of Bankers Bangladesh Limited (ABB)
  http://www.mutualtrustbank.com/images/pfeil2.gifBangladesh Association of Publicly Listed Companies (BAPLC)
  http://www.mutualtrustbank.com/images/pfeil2.gifAmerican Chamber of Commerce in Bangladesh (AMCHAM)
First Security Islami Bank Limited ( FSIB) was incorporated in Bangladesh on 29 August 1999 as a banking company under Companies Act 1994 to carry on banking business. It obtained permission from Bangladesh Bank on 22 September 1999 to commence its business. The Bank carries banking activities through its Fifty Three (53) branches in the country. The commercial banking activities of the bank encompass a wide range of services including accepting deposits, making loans, discounting bills, conducting money transfer and foreign exchange transactions, and performing other related services such as safe keeping, collections and issuing guarantees, acceptances and letter of credit.
Prime Bank Limited is a private commercial bank in Bangladesh. It was established on April 17, 1995. It is now one of the banks in Bangladesh which follows international standard in Banking and Finance.
Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc.
Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society. Diversification of products and services include Corporate Banking, Retail Banking and Consumer Banking right from industry to agriculture, and real state to software.
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. The management of the Bank consists of a team led by senior bankers with decades of experience in national and international markets. The senior management team is ably supported by a group of professionals many of whom have exposure in the international market.
It set milestone by acquiring the business operations of the Bank of Nova Scotia in Dhaka, first in the banking history of Bangladesh. It again repeated the performance by acquiring the Bangladesh operations of Muslim Commercial Bank Ltd. (MCB), a Pakistani bank.
In the year 2003 the Bank again came to the limelight with oversubscription of the Initial Public Offering of the shares of the Bank, which was a record (55 times) in our capital market's history and its shares commands respectable premium.
The asset and liability growth has been remarkable. Bank Asia has been actively participating in the local money market as well as foreign currency market without exposing the Bank to vulnerable positions. The Bank's investment in Treasury Bills and other securities went up noticeably opening up opportunities for enhancing income in the context of a regime of gradual interest rate decline.
Bank Asia Limited started its service with a vision to serve people with modern and innovative banking products and services at affordable charge. Being parallel to the cutting edge technology the Bank is offering online banking with added delivery channels like ATM, Tele-banking, SMS and Net Banking. And as part of the bank's commitment to provide all modern and value added banking service in keeping with the very best standard in a globalize world.
Trust Bank Limited is a private commercial bank established in 1999 in Bangladesh. The bank is sponsored by the Army Welfare Trust (AWT). It is one of the leading private commercial banks having a network of 39 branches across Bangladesh and plans to open few more branches to cover the important commercial areas in Dhaka, Chittagong, Sylhet and other areas in 2008. The bank, sponsored by the Army Welfare Trust (AWT), is first of its kind in the country.
In 2001, the bank introduced automated branch banking system. In the year 2005, the bank introduced ATM services for its customers.
In January 2007, Trust Bank launched Online Banking Services. Customers can now deposit or withdraw money from any branch of Trust Bank nationwide without needing to open multiple accounts in multiple branches.
Shahjalal Islami Bank Limited (SJIBL) commenced its commercial operation in accordance with principle of Islamic Shariah on the 10th May 2001 under the Bank Companies Act, 1991. During last ten years SJIBL has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Islamic Banking, in essence, is not only INTEREST-FREE banking business, it carries deal wise business product thereby generating real income and thus boosting GDP of the economy. Board of Directors enjoys high credential in the business arena of the country, Management Team is strong and supportive equipped with excellent professional knowledge under leadership of a veteran Banker Mr. Md. Abdur Rahman Sarker.
Vision
To be the unique modern Islami Bank in Bangladesh and to make significant contribution to the national economy and enhance customers' trust & wealth, quality investment, employees' value and rapid growth in shareholders' equity.

Mission

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To provide quality services to customers.
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To set high standards of integrity.
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To make quality investment.
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To ensure sustainable growth in business.
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To ensure maximization of Shareholders' wealth.
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To extend our customers innovative services acquiring state-of-the-art technology blended with Islamic principles.
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To ensure human resource development to meet the challenges of the time.
Strategies

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To strive for customers best satisfaction & earn their confidence.
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To manage & operate the Bank in the most effective manner.
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To identify customers needs & monitor their perception towards meeting those requirements.
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To review & updates policies, procedures & practices to enhance the ability to extend better services to the customers.
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To train & develop all employees & provide them adequate resources so that the customers needs are reasonably addressed.
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To promote organizational efficiency by communicating company plans, polices & procedures openly to the employees in a timely fashion.
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To cultivate a congenial working environment.
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To diversify portfolio both the retail & wholesale markets.
 Motto

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Committed to Cordial Service.
Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 with its Head Office at Chini Shilpa Bhaban, 3, Dilkusha C/A, Dhaka-1000. The Bank started its operation from 3rd June 2001. 
The Bank undertakes all types of Banking transactions to support the development of trade and commerce of the country. JBL's services are also available for the entrepreneurs to set up new ventures and BMRE of industrial units. Jamuna Bank Ltd., the only Bengali named new generation private commercial  bank was established by a group of winning local entrepreneurs conceiving an idea of creating a model banking institution with different outlook to offer the valued customers,  a comprehensive range of financial services and innovative products for sustainable mutual growth and prosperity. The sponsors are reputed personalities in the field of trade, commerce and industries. 
The Bank is being managed and operated by a group of highly educated and professional team with diversified experience in finance and banking.  The Management of the bank constantly focuses on understanding and anticipating customers' needs. The scenario of banking business is changing day by day, so the bank's responsibility is to device strategy and new products to cope with the changing environment. Jamuna Bank Ltd. has already achieved tremendous progress within only eight years. The bank has already ranked as one of top quality service providers & is known for its reputation. 
At present the Bank has real-time centralized Online banking branches (Urban & Rural) throughout the Country having smart IT-Backbone. Besides these traditional delivery point, the bank has ATM of its own, sharing with other partner banks & Consortium throughout the Country.
The operation hour of the Bank is 10:00 A.M. To 6:00 P.M. from Sunday to Thursday with transaction hour from 10:00 A.M. to 4:00 P.M. The Bank remains closed on Friday including government holidays.
The Bank has been incorporated on April, 1987 as a public limited company under the Companies Act, 1913 to undertake and carry out all kinds of banking, financial and business activities, transactions and operations in strict compliance with the principles of Islamic Law (Shariah)  relating to business  activities in  particular  avoiding  usury  in credit and sales transactions  and  any practice which amounts to usury.  Certificate for commencement of business has been issued to the bank on April, 30, 1987. The Bank has been authorized by the Bangladesh Bank to carry on the banking business in Bangladesh with effect from May 4, 1987. However, actual banking operations commenced on May 20, 1987.
Nature of Business :
All kinds of commercial banking services are provided by the bank to the customers observing the provisions of the Bank Company Act 1991, Bangladesh Bank's directives and the principles of Islamic Shariah.
Significant Accounting Polices Basis of Accounting :
The accompanying financial statements, comprising Balance Sheet, Profit and Loss Account and Notes thereto have been prepared according to Banking Companies Act, 1991 and  Bangladesh  Bank circulars  applicable to  accounts, on  a going concern basis, under historical cost convention and are based on generally accepted accounting
principles.
Consolidation :
A separate set of records for consolidating the Statement of Affairs and Income and Expenditure Statements of the branches are maintained at the Head Office of the bank in Dhaka from which these financial statements are drawn up. Branch managers of respective bank branches  have  certified the statement  of affairs  for the year ended December 31, 2001.
Balance with other banks and exchange gains or losses :
Balances with foreign banks at year-end are translated at the average of telegraphic transfer of buying and selling rates. Excess/shortage of translated figures over book figures at year-end is transferred to Profit and Loss Account.
Investments :
Investment are stated at amount as reduced by balance of Profit suspense account and provision for bad and doubtful debts; Profit is not charged on bad and doubtful investments from the date of filing money suits against the borrowers; Income which were charged on Investment classified by Bangladesh Bank Inspection Team  and  by  the Bank management as sub-standard, doubtful and bad were kept in profit suspense account as per Bangladesh Bank BCD Circulars and such income is not accounted for as profit until realized from borrowers.
AB Bank Limited, the first private sector bank was incorporated in Bangladesh on 31st December 1981 as Arab Bangladesh Bank Limited and started its operation with effect from April 12, 1982.

AB Bank is known as one of leading bank of the country since its commencement 29 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time.

During the last 29 years, AB Bank Limited has opened 82 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World.

In spite of adverse market conditions, AB Bank Limited which turned 28 this year, concluded the 2008 financial year with good results. The Bank’s consolidated profit after taxes amounted to Taka 230 cr which is 21% higher than that of 2007. The asset base of AB grew by 32% from 2007 to stand at over Tk 8,400 cr as at the end of 2008.

The Bank showed strong growth in loans and deposits. Deposit of the Bank rose by Tk. 1518 cr ie., 28.45% while the diversified Loan Portfolio grew by over 30% during the year and recorded a Tk 1579 cr increase. Foreign Trade Business handled was Tk 9,898 cr indicating a growth of over 40% in 2008.

The Bank maintained its sound credit rating in 2008 to that of the previous year. The Credit Rating Agency of Bangladesh Limited (CRAB) awarded the Bank an A1 rating in the long term and ST-2 rating in the short Term.

AB Bank believes in modernization. The bank took a conscious decision to rejuvenate its past identity – an identity that the bank carried as Arab Bangladesh Bank Limited for twenty five long years. As a result of this decision, the bank chose to rename itself as AB Bank Limited and the Bangladesh Bank put its affirmative stamp on November 14, 2007.

The Bank decided to change its traditional color and logo to bring about a fresh approach in the financial world; an approach, which like its new logo is based on bonding, and trust. The bank has developed its logo considering the contemporary time. The new logo represents our cultural “Sheetal pati” as it reflects the bonding with its clientele and fulfilling their every need. Thus the new spirit of AB is “Bonding”. The Logo of the bank is primarily “red”, as red represents velocity of speed and purity. Our new logo innovates, bonding of affiliates that generate changes considering its customer demand. AB Bank launched the new Logo on its 25th Anniversary year.

AB Bank commits to nation to take a lead in the Banking sector through not only its strong financial position, but also through innovation of products and services. It also ensures creating higher value for its respected customers and shareholders. The bank has focused to bring services at the doorstep of its customers, and to bring millions into banking channels those who are outside the mainstream banking arena. Innovative products and services were introduced in the field of Small and Medium Enterprise (SME) credit, Women’s Entrepreneur, Consumer Loans, Debit and Credit Cards (Local & International), ATMs, Internet and SMS Banking, Remittance Services, Treasury Products and Services, Structured Finance for Corporate, strengthening and expanding its Islamic Banking activities, Investment Banking, specialized products and services for NRBs, Priority Banking, and Customer Care. The Bank has successfully completed its automation project in mid 2008. It envisages enabling customers to get banking services within the comfort of their homes and offices.

AB Bank has continuously invests into its biggest asset, the human resource to drive forward with its mission “to be the best performing bank in the country.” The bank has introduced Dress Code for its employees. Male employees wear designed ties and females wear Sharee or Salwar Kamiz, all the dresses are consisted with the unique AB Bank logo.

AB is recognized as the people’s choice, catering to the satisfaction of its cliental. Their satisfaction is AB’s success.

BASIC Bank Limited
BASIC Bank Limited (Bangladesh  Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January ,1989. It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs). At the outset, the Bank started as a joint venture enterprise of the BCC Foundation with 70 percent shares and the Government of Bangladesh (GOB) with the remaining 30 percent shares. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the bank on 4th June 1992. Thus the Bank is state-owned. However, the Bank is not nationalized; it operates like a private bank as before.

BASIC Bank Limited is unique in its objectives. It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of  loanable funds shall be invested in small and cottage industries sector.

Capital Position

Authorized capital
Tk. 2000.00 million
Paid up capital
Tk. 1964.65 million
Total Reserve and Surplus up to 31.12.2010
Tk. 2509.78 million
The Bank is required to transfer 20 percent of its net profit before Tax to Capital Fund as per the Banking Companies Act 1991.

Functions

The Bank Offers:
  • Term loans to industries especially to small-scale enterprises.
  • Full-fledged commercial banking service including collection of deposit, short term trade finance, working capital finance in processing and manufacturing units and financing and facilitating international trade.
  • Technical support to Small Scale Industries (SSls) in order to enable them to run their enterprises successfully.
  • Micro credit to the urban poor through linkage with Non- Government Organizations (NGOs) with a view to facilitating their access to the formal financial market for the mobilization of resources.
In order to perform the above tasks, BASIC Bank works closely with its clients, the regulatory authorities, the shareholders (GOB), banks and other financial institutions.

Corporate Strategy

Financing establishment of small units of industries and business and facilitate their growth
Small Balance Sheet size composed of quality assets.
  • Steady and sustainable growth.
  • Investment in a cautious way.
  • Adoption of new banking technology.
  • To employ funds for profitable   purposes in various fields with special emphasis on small scale industries.
  • To undertake project promotion on identify profitable areas of investment.
  • To search for newer avenues for investment and develop new products to suit such needs.
  • To establish linkage with other institutions which are engaged in financing micro enterprises.
  • To cooperate and collaborate with institutions entrusted with the responsibility of promoting and aiding SSI sector.
c)Foreign Commercial Banks
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010[update], Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.
Citibank has retail banking operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, Washington, DC and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, and Dallas metropolitan areas.
In addition to the standard banking transactions, Citibank offers insurance, credit cards and investment products. Their online services division is among the most successful in the field,claiming about 15 million users.
As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion.Since this time, Citibank has repaid its government loans in full.
In Bangladesh, the HSBC Group's history dates back to 1996 when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first branch. Today, the HSBC Group offers a comprehensive range of financial services in Bangladesh including commercial banking, consumer banking, payments and cash management, trade services, treasury, and custody and clearing.
General Background
  • Opened first Bangladesh branch in December 1996
  • Network of 13 offices, 39 ATMs, 9 Customer Service Centres, an offshore banking unit, and offices in 7 EPZs.
  • 1051 employees as of December 2010
Key business areas:
  • Retail Banking and Wealth Management
  • Commercial Banking
  • Corporate and Institutional banking
  • Global Markets
  • Shariah Compliant Banking
Today, Standard Chartered Bank is the largest international bank in Bangladesh with 26 Branches, 57 ATMs and 7 Financial Kiosks; employing over 1,300 people. We are the only foreign bank in the country with presence in 6 cities – Dhaka, Chittagong, Khulna, Sylhet, Bogra and Narayanganj; including the country's only offshore banking units inside Dhaka Export Processing Zone (DEPZ) at Savar and Chittagong Export Processing Zone (CEPZ).
The acquisitions of Grindlays bank (in 2000) and the commercial banking business of American Express Bank in Bangladesh (in 2006) are reflections of the Bank’s increasing commitment to Bangladesh. The bank increasingly invested in people, technology and premises as its business grew in relation to the country's thriving economy. We currently provide both Consumer Banking and Wholesale Banking Services, ranging from Personal & Corporate Banking to Institutional Banking, Treasury and Custodial services. Extensive knowledge of the market and essential expertise in a wide range of financial services underline our strength to build business opportunities for corporate and institutional clients in Bangladesh. Continuous upgrading of technology and control systems has enabled the bank to offer new and improved services such as Phonebanking, I-banking, e-Lending.
  • Country Chief Executive Officer: Jim McCabe
  • Local time: GMT +6 hours
  • Language: Bengali, English
  • Population: 164 million (July 2010 est.)
  • Currency name: Taka (BDT)
  • No. of branches: 26
  • Established: 1905 (including ANZ Grindlays experience; Standard Chartered Bank originally established its first branch in Chittagong in 1948)
  • We are the oldest and largest foreign bank in Bangladesh
  • Only bank that never closed its doors over 100 years of banking operation in the country
  • First international bank to extend credit lines to Bangladesh and open the first external letter of credit (LC) in Bangladesh in 1972
  • Financial Institutions business is the largest contributor to USD Clearing in New York
  • A leading price player in treasury instruments and foreign currencies
  • Leader and pioneer in Consumer Banking
Principal Office Address: 67 Gulshan Avenue, Gulshan, Dhaka 1212, Bangladesh Tel: + 880 2 8833003 - 4
Recent Achievements
  • First commodity derivatives in Bangladesh and cotton hedge for the Group for Square Textiles
  • Joint lead arranger for country’s first 5 year Asset backed Securitization (ABS)
  • Record Call Account growth in RAJUK fund – Ranked first among all collecting banks
  • Enhancement of Microfinance: BRAC, BURO, Shakti
  • First country to go live with IFRS compliant IMEX
  • Consumer Banking new asset product system e-Lending introduced
  • Rolled out RCMS on eBBS, first time in Group
  • Pioneer country in e-CDD rollout
  • ‘Best Bank’ for Corporate Social Responsibility for 2006 by Bankers’ Forum
  • ‘Best Retail Bank in Bangladesh’ award in The Asian Banker Excellence in Retail Financial Services programme for its performance in 2007
  • ‘National Best Corporate’ Award 2007 by Institute of Cost Management Accountants
  • "Best IT Use Award 2007" by Bangladesh Association of Software & Information Services (BASIS)
  • ‘Best Employer of IBA Graduates’ in 2008 by IBA Alumni Association
  • "Best Foreign Commercial Bank in Bangladesh" by FianaceAsia in 2009 & 2010
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Points of interest
  • Flagship country for the Seeing is Believing initiative where we built an Operation Theatre and Children’s Ward at Islamia Eye Hospital to provide cataract surgery to at least 12,000 patients per annum
  • We jointly initiated the 'Standard Chartered-Financial Express Corporate Social Responsibility Award' in 2006
  • Leading bank in community activities (please refer to CSR Activities below for details)
Corporate Social Responsibility at Standard Chartered Bank, Bangladesh
At Standard Chartered, in addition to contributing to economic growth through our core business activities, we want to have a broader positive impact on the communities in our markets; the bank is committed globally to uphold high standards of Corporate Social Responsibility. There are numerous ways we are striving to be a force for good; globally as well as in Bangladesh.
Under our ‘Seeing is Believing’ Project, Standard Chartered helps restore eyesight of the underprivileged. The fourth phase of Seeing is Believing – A New Vision aims to raise USD 20 million to develop comprehensive, sustainable eye care for 20 million people in less advantaged areas of 20 cities across the world, including Dhaka. In Dhaka, we have committed USD 1 million to Dhaka Urban Comprehensive Eye Care project that will serve over 270,000 visually impaired people. Standard Chartered Bangladesh has built an Operation Theatre and children’s Ward at Islamia Eye Hospital and provides for its maintenance since 2003.
Through our ‘Living with HIV’ programme we help educate not only our staff but the youth in our communities about HIV and its prevention. We have organized eighteen seminars titled “Confronting AIDS Challenge in the 21st Century” in different universities and cities to spread awareness about HIV /AIDS amongst the younger generation in Bangladesh.
We have also focused our efforts in the areas of history, culture and art, seeking to make a difference and surface little known events and artwork. Recent works have included publications of books such as ‘Dhaka alias Jahangirnagar: 400 years’; ‘Street Traders of Bangladesh’; ‘Ekush’; and “Rare Photographs of East Bengal 1880-1940.” Standard Chartered - The Daily Star “Celebrating Life” Contest is a platform for new talents across the country to pursue their artistic and career goals in Film, Photography & Lyrics.
We also encourage development of youth through education scholarships and sports sponsorships. Our efforts include ‘Governor Scholarship’ in partnership with Dhaka University Economics Department Alumni Association (DUEDAA), Standard Chartered Young Tigers U -16 National Cricket Tournament, Standard Chartered School Chess Tournament and Standard Chartered National School Kabaddi Tournament.
We also encourage all corporate bodies in Bangladesh to uphold high standards of social responsibility. We recognize exemplary work in the field of CSR through Standard Chartered - Financial Express Corporate Social Responsibility Award.
With a presence in Bangladesh that spans over 100 years we believe Standard Chartered is very much a part of the heritage. We believe that Standard Chartered has been a partner in progress for the nation and its people. At Standard Chartered, we are committed to be here for people, here for progress, here for the long run - Here for good.
Commercial Bank of Ceylon PLC (CBC) is one of the leading commercial banks in Sri Lanka with 200 branches and more than 400 ATM's.The bank has a subsidiary in Bangladesh. It has been rated as the Best Bank in Sri Lanka by "Global Finance" for the 13th consecutive year and also as the Bank of the Year by "The Banker" Magazine on seven occasions.
History
CBC can trace its history back to 1920 when Eastern Bank, a British overseas bank, opened a branch in Ceylon. In 1957, Chartered Bank (another British overseas bank; see below) acquired Eastern Bank but ran it separately. Four years later, the Government of Ceylon forbade foreign banks to accept deposits from Ceylonese nationals. In response, Eastern Bank incorporated its branch under the name, Commercial Bank of Ceylon and took 40% of the equity. CBC got Mercantile Bank of India’s branches in Kandy, Galle andJaffna as part of a deal that would remove the government’s limit on deposit taking in Mercantile’s remaining branches in Colombo and Pettah. The branches actually transferred in 1973. (HSBC had acquired Mercantile in 1959.) Then in 1971 Eastern bank amalgamated with Chartered Bank, which four years later merged with Standard Bank to form Standard Chartered Bank.
In 1997 Standard Chartered divested itself of its 40% stake in CBC. DFCC Bank (formerly Development Finance Corporation of Ceylon) acquired 29.5%.
In 2003, CBC acquired Credit Agricole Indosuez's two branches in Bangladesh at Dhaka and Chittagong to become the first Sri Lankan bank to establish operations outside the country. (Banque Indosuez had opened its branches in Bangladesh in 1980.) Also in 2003, theIFC bought 15% of the bank's share capital from Sri Lanka Insurance Corporation.
State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profit, number of branches and number of employees. SBI is the only Indian bank to rank among the top 100 banks in the world and is also among the top 20 banks in Asia according to The Banker (UK) magazine.
The origin of State Bank of India dates back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. Subsequently, Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. Reserve Bank of India acquired controlling interest in the Imperial Bank of India and SBI was created in 1955 by an act of Parliament to succeed the Imperial Bank of India.
The SBI group, consisting of SBI, six associate banks and SBI Commercial and International Bank Ltd., is engaged in the business of commercial banking globally. The group has an extensive network, with over 15700 branches and 93 foreign offices in 32 countries across the world. As of 31st  March 2009, the group had assets worth USD 257 billion and deposits of USD 199 billion and capital & reserves in excess of USD 14 billion. The group commands nearly 25% share of the domestic Indian banking market with a customer base of over146 million. Over 70% of large Indian corporates and 50% of mid-sized corporates bank with SBI. 
SBI’s non-banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India’s financial icon.


Habib Bank Limited a Pakistani commercial bank that started business in Bangladesh on 9 July 1976 with two branches, one at dhaka and the other atchittagong. The assigned capital of the bank at the time of commencing business in Bangladesh was Tk 2 million, which was later increased in different times and stood at Tk 116.40 million on 31 December 1999. In 2000, bangladesh bank re-fixed the amount of required capital for foreign banks in Bangladesh at $10 million (equivalent to Tk 540 million). Total shareholders' equity of Habib Bank in Bangladesh was valued at Tk 462.94 million in 2000, when its total liabilities were Tk 1,614.70 million.
Total deposits of the bank in December 2000 amounted to Tk 923.18 million, which comprised fixed, current, savings and other deposits including bills payable. The interest offered by the bank on various types of its deposits varied between 6.5% and 10%. Total loans and advances of the bank in Bangladesh stood at Tk 819.02 million on 31 December 2000. Major areas of lending of the bank were small, medium and large scale industries, working capital financing, exports and import servicing, trade and other commercial loans. The lending rates were between 10% and 15.5%. In 2000, the bank had classified loans of Tk 72.4 million.
Foreign exchange business handled by the bank in 2000 amounted to Tk 3,718 million, which comprised export servicing Tk 912 million, import financing Tk 2,700 million and remittance services Tk 106 million. Investments of the bank throughout the whole period of its operations in Bangladesh were mostly in government treasury bills of different maturities and prize bonds and in 2000, they totaled Tk 320.07 million. That year the total assets of the bank were valued at Tk 1,614.70 million and the off-balance sheet items accounted for Tk 813.08 million. In 2000, Habib Bank earned a net profit of Tk 40.28 million.
The executive vice president of the bank, designated as country manager, is the chief executive officer. In December 2000, the bank had 70 employees. Its main office in Bangladesh is at Dhaka.
National Bank of Pakistan (NBP) a banking company incorporated in Pakistan. It commenced banking operations in Bangladesh as a foreign commercial bank on 31 August 1994 with a total paid up capital of Tk 100 million. On 31 December 2000, the total capital and reserves of the bank stood at Tk 136.2 million, which was not adequate in terms of the capital adequacy ratio requirements of the taka equivalent of $10 million. The only branch of the bank in Bangladesh is at Dhaka.
In December 2000, the bank had total deposits of Tk 242.8 million and the deposit-mix comprised fixed, savings, current and other deposits, bills payable, and certificates of deposits. Its interest rate on deposits varied between 7.25% and 9.50% depending upon the nature and term of deposit holdings. Loans and advances of the bank (Tk 121.60 million in 2000) were mostly in large, medium, and small and cottage industry sectors in the form of term and working capital financing. During its operations in Bangladesh, the bank provided financing to 10 industrial projects of different category and size. In addition, the bank provided credit facilities to trade and commerce, exports and imports, housing and other trade related activities. Interest rates charged by the bank on its lending varied between 10% and 17% depending upon the nature and conditions of lending. The bank does not have any classified loans.
The foreign exchange business handled by the bank in 2000 amounted to Tk 440 million, which comprised export credit (Tk 230 million) and import financing (Tk 210 million). Investments of the bank were only in government treasury bills during the entire period of its operations in Bangladesh and had a very insignificant contribution to the total volume of assets. The assets of the bank excluding off-balance-sheet items stood at Tk 387.8 million in 2000. The off-balance-sheet items were valued at Tk 178.97 million. The bank took 3 years to offset and adjust preliminary expenses. The net profits of the bank on 31 December 2000 were Tk 17 million.
The management of the bank is headed by a general manager, appointed by its parent office in Pakistan. He is assisted by its 12 employees of different categories.
Woori Bank, Dhaka branch is a branch of Woori Bank, Seoul, Korea ("Head Office"). Our branch was established in September 21, 1996 with a view to providing generous support to foreign investors, Korean investors in particular as well as to the prospective customers from all across the globe in general. Our vision is to emerge as the dominant banking institution in Bangladesh having a fast & visible presence in the region in the days to come.
The branch plays a leading role in Bangladesh's financial industry in terms of customer service, high speed operation, systematic loan procedure and the cutting edge superior IT platform to provide information & services to our customers.
In Bangladesh we offer a wide range of cash financing, working capital, short and medium term loans & guarantee facilities. We have been providing both Domestic and Offshore banking service since 1996. Our Offshore banking unit provides US Dollar denominated working capital as well as short term and medium term financing to eligible business.
Our mission is to deliver optimum values to our customers, employees and to the nation.
Bank Alfalah Limited is a private bank in Pakistan owned by the Abu Dhabi Group. Bank Alfalah was incorporated on June 21, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1, 1992. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962.
Bank Alfalah Limited was launched on June 21, 1992 as a public limited company under the Companies Ordinance 1984. The bank commenced its operations on November 1, 1992. The bank introduced commercial banking and related services as defined in the Banking companies ordinance, 1962.
After a few years, the bank introduced its new identity of H.C.E.B after the privatization in 1997. The management of the bank had implemented strategies and policies so the bank would become a major player in the market. With a partnership with the Abu Dhabi Group the position of the bank became stronger which allowed the bank to invest more in revolutionary technology to increase its range of products and services.
On the 16th of May, 2005 Bank Alfalah formally took over the Bangladesh operations of Shamil Bank of Bahrain for US $17.88 million and renamed it to Bank Alfalah. This was the first branch of the bank outside Pakistan.
To develop and deliver the most innovative products, manage customer experience, deliver quality service that contribute to brand strength, develop a competitive advantage and enhance profitability, thus providing value to the stakeholders of the bank.
Functions

3.Specialized Development Banks

The origin of Grameen Bank can be traced back to 1976 when Professor Muhammad Yunus, Head of the Rural Economics Program at the University  of Chittagong, launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor. The Grameen Bank Project (Grameen means "rural" or "village" in Bangla language) came into operation with the following objectives:
extend banking facilities to poor men and women;
eliminate the exploitation of the poor by money lenders;
create opportunities for self-employment for the vast multitude of unemployed people in rural Bangladesh;
bring the disadvantaged, mostly the women from the poorest households, within the fold of an organizational format which they can understand and manage by themselves; and
reverse the age-old vicious circle of "low income, low saving & low investment", into virtuous circle of "low income, injection of credit, investment, more income, more savings, more investment, more income".
The action research demonstrated its strength in Jobra (a village adjacent to Chittagong University) and some of the neighboring villages during 1976-1979. With the sponsorship of the central bank of the country and support of the nationalized commercial banks, the project was extended to Tangail district (a district north of Dhaka, the capital city of Bangladesh) in 1979. With the success in Tangail, the project was extended to several other districts in  the country. In October 1983, the Grameen Bank Project was transformed into an independent bank by government legislation. Today Grameen Bank is owned by the rural poor whom it serves. Borrowers of the Bank own 90% of its shares, while the remaining 10% is owned by the government.
Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. At GB, credit is a cost effective weapon to fight poverty and it serves as a catalyst in the over all development of socio-economic conditions of the poor who have been kept outside the banking orbit on the ground that they are poor and hence not bankable. Professor Muhammad Yunus, the founder of "Grameen Bank" and its Managing Director, reasoned that if financial resources can be made available to the poor people on terms and conditions that are appropriate and reasonable, "these millions of small people with their millions of small pursuits can add up to create the biggest development wonder." As of June, 2011, it has 8.37 million borrowers, 97 percent of whom are women. With 2,565 branches, GB provides services in 81,379 villages, covering more than 97 percent of the total villages in Bangladesh.

Grameen Bank's positive impact on its poor and formerly poor borrowers has been documented in many independent studies carried out by external agencies including the World Bank, the International Food Research Policy Institute (IFPRI) and the Bangladesh Institute of Development Studies (BIDS).
The major occupation of the people of Bangladesh is "Krishi". The Bengali term Krishi means "Agriculture". About 85% of the population depends directly or indirectly on agriculture which contributes a significant portion to GDP. Bangladesh Krishi Bank (BKB) has been established under the Bangladesh Krishi Bank order 1973 (President's Order No 27 of 1973).BKB is a Banking Company under the Banking Company Act-1991. Its Head Office is located at Krishi Bank Bhaban, 83-85 Motijheel Commercial Area, Dhaka-1000, Bangladesh. The primary objective of BKB is to provide credit facilities to the farmers for the development of agriculture i.e. Crop production, Fish culture, Animal Husbandry etc, entrepreneurs engaged in development of agro-based and cottage industries. The Bank is guided in accordance with the policies and principles of the Government of the Peoples Republic of Bangladesh. BKB has an authorized capital of Tk. 15,000 Million (Taka Fifteen thousand Million) only and paid up capital of Tk. 9,000 Million (Taka Nine thousand Million) only which is fully paid by the Government. The Bank started commercial functioning since 1977 to generate more loanable fund from the idle rural and urban savings and invest them for the betterment of our economy. The Bank operates its function through its 972 branches (except Rajshahi Division). It has 16 foreign exchange (Authorized dealer) branches. In the field level the Bank has 9 Divisional, 29 Chief Regional and 24 Regional offices for close supervision of the branch activities. For smooth operation, as a part of internal control and compliance system, the bank has also 63 field level audit offices of which 9 at Divisional and 54 at Regional levels. In the Head Office the Bank has 4 Divisions headed by General Managers, 28 Departments and a Training Institute headed by Deputy General Managers. Local Principal Office of BKB is headed by a General Manager. The existing strength of Bank's manpower is 9430 against the approved strength of 13680 as on 31 December, 2010.The Bank has a Board of Directors comprising of 11 members. The Board is headed by the Chairman. The Board Chairman is generally an experienced professional/ex-professional who has wide acceptability and rapport. The Directors represent both public and private sectors and are appointed by the Government.The Managing Director is the Chief Executive of the Bank. He is appointed by the Government. The Bank has two posts of Deputy Managing Directors and they are appointed by the Government. The Bank has 14 posts of General Managers. They are also appointed by the Government.



Bangladesh Development Bank Limited (BDBL) is fully state owned Commercial Bank of Bangladesh. In addition commercial banking, BDBL provides financial and technical assistance to broaden the private as well as public sector industrial base of the country. It prioritizes, especially, Export Oriented/Export Linkage industrial units, Efficient Import Substitution, Joint Ventures, Commercialization of local technology and promotion of agro-based industry.
VISION

To emerge as the country’s prime Financial Institution for supporting private sector industrial and other projects of great significance to the country’s economic development. Also be active participant in commercial banking by introducing new lines of product and providing excellent services to the customers.



MISSION
  • To be competitive with other Banks and Financial Institutions in rendering services ;
  • To contribute to the country’s socio-economic development by identifying new and profitable areas for investment ;
  • To mobilise deposit for productive investment ;
  • To expand branch network in commercially and geographically important places ;
  • To employ quality human resources and enhance their capability through motivation and right –type of training at home and abroad.
  • To delegate maximum authority ensuring proper accountability ;
  • To maintain continuous improvement and up-gradation in business policies and procedures ;
  • To adopt and adapt to new technology ;
  • To maximize profit by strong, efficient and prudent financial performance ; and
  • To introduce new product lines according to market needs.


VALUES

Customer focus
Provide smart, efficient, transparent and courteous services.
Social Responsibility
Practise corporate social responsibility.



STRATEGIC PRIORITIES
  • Invest in Eco – friendly industries that help mitigate environmental degradation by lending more for renewable energy, and effluent treatment plants and other projects that employ energy efficient low-emission technologies including agro-based industries, small power projects, ICT, transport and infrastructure projects.
  • Select and invest industrial projects where locational advantages like local availability of raw materials, good infrastructural facilities (road communication, transport facilities, etc.) and utilities (power, gas, water, etc.) shall be available.
  • Limit project loan to Tk. 15 crore maximum and Tk.2 crore minimum (for large projects). Arrange and participate in syndicated loan for projects above Tk. 15 crore.
  • Identify prospective and potential entrepreneurs and investors/ clients and motivate, guide and help them select profitable industrial venture for investment.
  • Regularly publish financial disclosures.
  • Undertake from time to time SWOT (Strength, Weakness, Opportunity and Threats) analysis for reviewing bank’s market position.
Rajshahi Krishi Unnayan Bank is a state-owned bank in Bangladesh specialized financial institution for financing development of agriculture and its backward and forward linkage industries in the Rajshahi division of the country. The bank was established on 15 March 1987.[1]
The bank emerged as the government's plan of intensive care to agriculture of Rajshahi division providing livelihood to 35 million people of the area. The region is less developed compared to other parts of the country, yet full of potentials in agriculture.
BASIC Bank Limited (Bangladesh  Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January ,1989. It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs). At the outset, the Bank started as a joint venture enterprise of the BCC Foundation with 70 percent shares and the Government of Bangladesh (GOB) with the remaining 30 percent shares. The BCC Foundation being nonfunctional following the closure of the BCCI, the Government of Bangladesh took over 100 percent ownership of the bank on 4th June 1992. Thus the Bank is state-owned. However, the Bank is not nationalized; it operates like a private bank as before.
BASIC Bank Limited is unique in its objectives. It is a blend of development and commercial banks. The Memorandum and Articles of Association of the Bank stipulate that 50 percent of  loanable funds shall be invested in small and cottage industries sector.

Capital Position

Authorized capital
Tk. 2000.00 million
Paid up capital
Tk. 1964.65 million
Total Reserve and Surplus up to 31.12.2010
Tk. 2509.78 million
The Bank is required to transfer 20 percent of its net profit before Tax to Capital Fund as per the Banking Companies Act 1991.

Functions

The Bank Offers:
  • Term loans to industries especially to small-scale enterprises.
  • Full-fledged commercial banking service including collection of deposit, short term trade finance, working capital finance in processing and manufacturing units and financing and facilitating international trade.
  • Technical support to Small Scale Industries (SSls) in order to enable them to run their enterprises successfully.
  • Micro credit to the urban poor through linkage with Non- Government Organizations (NGOs) with a view to facilitating their access to the formal financial market for the mobilization of resources.
In order to perform the above tasks, BASIC Bank works closely with its clients, the regulatory authorities, the shareholders (GOB), banks and other financial institutions.

Corporate Strategy

Financing establishment of small units of industries and business and facilitate their growth
Small Balance Sheet size composed of quality assets.
  • Steady and sustainable growth.
  • Investment in a cautious way.
  • Adoption of new banking technology.
  • To employ funds for profitable   purposes in various fields with special emphasis on small scale industries.
  • To undertake project promotion on identify profitable areas of investment.
  • To search for newer avenues for investment and develop new products to suit such needs.
  • To establish linkage with other institutions which are engaged in financing micro enterprises.
  • To cooperate and collaborate with institutions entrusted with the responsibility of promoting and aiding SSI sector.
Ansar VDP Unnayan Bank Ordinance, 1995. The bank commenced its activities in November 1996 with an authorised and paid up capital of Tk 1,000 million and Tk 100 million respectively through opening a local office in Dhaka. Of its total paid up capital, 25% was paid by the government of Bangladesh and the remaining 75% by members and officials of Ansar and VDP and the employees of the bank itself. On 30 June 2000, the bank's paid up capital increased to Tk 130 million. The bank was set up basically to provide microcredit facilities to Ansar-VDP members for house building and other economic activities with or without collateral and for performing other activities under specific instruction of bangladesh bank.
In March 2000, the bank had 72 branches with a total of 388 employees, including 325 officers working under the overall governance of the managing director at its head office at Dhaka. A manager accountable to the managing director, the chief executive officer of the bank, heads each branch. The bank follows group-based multipurpose micro-credit lending policies to finance various rural income generating activities. List of these activities includes beef fattening, poultry farming, fish and shrimp culture, small and cottage industries, light engineering workshops, trade in grocery items, buying sewing machines and marketing of agricultural products. The bank plans to expand credit facilities to at least 60 types of income generating activities. To avail the credit facilities of the bank, a borrower must be a member of a group of five. A member is given a maximum loan of Tk 15,000 without any security or collateral, but the group is to provide a guarantee for the credit. It has been made mandatory for every member of a group to make a compulsory weekly deposit of Tk 5 with the bank. The bank pays interest @ of 7% per annum on group savings.
The principal objective of such savings schemes is to let members understand the impact of savings in the long run and develop their savings habit. In addition to its group-based micro credit facilities, Ansar VDP Unnayan Bank also provides project loans with or without equity participation and collateral depending upon the feasibility of projects. Up to March 2000, the bank disbursed a total of Tk 470 million as credit to its 78,633 members throughout the country. The installment-based recovery of these credits in the mean time stood at Tk 37 million registering a 99% recovery rate.
The bank started its operations in 1996 with total assets of Tk 31.87 million. The value of the bank's total assets stood at Tk 185.46 million on 30 June 1999. The investment of the bank is its balance with other banks and financial institutions kept in various savings accounts and stood at Tk 39.75 million on 30 June 1999 compared to Tk 27.90 million in 1996. Major sources of operating funds of the bank are savings from its members and loans from the PKSF (Palli Karma Sahayak Foundation, the apex government organisation to promote micro-credit programmes). In 1998-99, the bank earned an income of Tk 27.11 million against its total expenses of Tk 30.79 million. Up to 30 June 2000, accumulated losses of the bank amounted to Tk 8.94 million.
Reference:
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