The Bank made a net profit (after adjustment)
of Tk. 335.05 million during FY 2005-06 as against
Tk.219.62 million (after adjustment) in the previous
During FY 2005-06, the Bank tried to meet its
fund requirement from various sources for lending
and investment. The Bank emphasized more on no
cost and / or low cost deposit mobilization during
the period. Total actual deposit collection was
Tk. 569 million on June 30, 2006.
During the period under review, the Bank has accepted
96 new loan proposals after proper scrutiny.
of Term Loans
The Bank continued sanctioning of term loans during
FY 2005-06. This year local currency loan of Tk
1311 million was sanctioned to 52 projects. Of
the total sanctioned amount, Tk 1183 million was
for 45 new projects and an additional loan of
Tk 122 million for 5 existing projects. Tk. 6
million was sanctioned for 2 BMRE projects.
and Disbursement of Term loans
During FY 2005-06, the Bank made commitment of
Tk 765 million in local currency to 36 projects.
During the period, the Bank disbursed term loans
of Tk 485 million in local currency to 43 projects.
and Disbursement of Working Capital
During FY 2005-06, the Bank sanctioned
working capital loans of Tk 232 million to 9 projects
and disbursed TK 32 million to 7 projects. The
Bank sanctioned Tk. 15 million to 3 project and
disbursed Tk 21 million to 5 projects in the last
During FY 2005-06 the Bank invested Tk
34.81 million to purchase shares from the primary
and secondary market and the Bank earned an amount
of Tk.10.53 million as capital gain, dividend
and commission from share trading.
The Bank intensively monitors and supervises implementation
of its financed projects. During FY 2005-06, 12
projects commenced commercial production. Besides,
25 projects were under construction, 24 were documented
and 11 were awaiting documentation.
Loan recovery is a crucial index to measure the
success of a lending organisation. Like previous
years, this year too, the Bank has strengthened
its recovery drive for realising loans and dues
from its borrowers and significant success was
recovery target of loans during FY 2005-06 was
Tk 1200 million against which actual cash recovery
was Tk 1158.85 million constituting 97 per cent
of the target.
Actions Taken for Recovery of Loans
|Position of projects under litigation
|Legal Notice Issued
|Filing of suit
|| 23 Projects
|Cashes settle outside report
|Sale/issuance of auction notieces
During FY 2005-06, the Bank has written off Tk.
830 million of loan.
from identification and development of viable
projects, the Bank assists the interested entrepreneurs
in selecting industrial projects having appropriate
technology and potential market by providing advisory
services and various information.
upgrading the professional competence and skills
of its employees, the Bank is continually arranging
training programs both at home and abroad. During
FY 2005-2006, 430 officers and staff were provided
in-house and local training. Besides, 1 officer
was sent abroad for the purpose.
To improve the working efficiency and to provide
better customer service, computerisation of Bank's
activities is on. In this regard, the Bank has
undertaken a far-flung action plan. The implementation
of the network based computerisation is complete.