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Agrani Bank Limited, a leading commercial bank with 876 outlets strategically
located in almost all the commercial areas throughout Bangladesh, overseas
Exchange Houses and hundreds of overseas Correspondents, came into being as
a Public Limited Company on May 17, 2007 with a view to take over the
business, assets, liabilities, rights and obligations of the Agrani Bank which
emerged as a nationalized commercial bank in 1972 immediately after the
emergence of Bangladesh as an independent state. Agrani Bank Limited started
functioning as a going concern basis through a Vendors Agreement signed
between the ministry of finance, Government of the People's Republic of
Bangladesh on behalf of the former Agrani Bank and the Board of Directors of
Agrani Bank Limited on November 15, 2007 with retrospective effect from 01
July, 2007.
Agrani Bank Limited is governed by a Board of Directors consisting of 13
(thirteen) members headed by a Chairman. The Bank is headed by the
Managing Director & Chief Executive Officer; Managing Director is assisted by
Deputy Managing Directors and General Managers. The bank has 11 Circle
offices, 25 Divisions in head office, 54 zonal offices and 876 branches including
27 corporate and 40 AD (authorized dealer) branches.
1
Board of Director
Director
Director
2
Hierarchy of Agrani Bank Ltd.
3
Bank Divisions
Branch & Subsidiaries / Unit Control Division
Company Affairs & Board Division
Credit Policy & Credit Risk Management Division
Establishment & Engineering Division
HR Discipline, Grievances & Appeal Division
HR Planning, Deployment & Operations Division
HR Training, Research & Development Division
Industrial Credit Division
Information Technology & MIS Division
Internal Control & Compliance Division
Planning, Co-Ordination & Marketing Division
Procurement & Common Services Division
Recovery and NPA Management Division
Rural Credit Division
SME Credit Division
Treasury Division
Vigilance Division
International Trade & Foreign Currency Management Division Foreign
Remittance & Card Division
Law Division
Central Accounts Division
Reconciliation Division
Audit & Inspection Division
Public Relation Division
Core Risk Management & Basel-2 Implementation Division
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Online Banking:
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22 Court Road Corp. Branch, 52/1 Court Road, br3322@bangla.net
Narayanganj Narayangonj-1400.
23 Jessore Branch, Jessore Shahid Road, Sadar, br1162@bangla.net
Jessore-7400.
24 Bara Bazar Branch, Kustia N.S Road (Bara Bazar), br2600@bangla.net
Kustia-7000
25 Clay Road Corp. Branch, Khulna Khan A Sobur Road, br2584@bangla.net
Khulna City, Kotowali,
Khulna-9100.
26 Asadganj Corp. Branch, Chittagong Ram Joy Mahajan Lane, br2783@bangla.net
G.P.O.Chittagong.
Kotwali, Chittagong.
27 B. WAPDA Corp. Branch, Dhaka WAPDA, G.P.O, br2791@bangla.net
Motijheel, Dhaka-1000
28 Laldighi East Corp. Branch, 1012-1013 Laldighi East ldeastbr@agranibank.o
Chittagong Side, G.P.O. Chittagong, rg, br2454@bangla.net
Kotwali, Chittagong-4000
29 Moulvi Bazar Corp. Branch, Dhaka Al-Falah Market, 144, br2507@bangla.net
Mitford Road, Chawk
Bazar, Lalbag, Dhaka
30 Nowabpur Corp. Branch, Dhaka 243-244, Nawabpur Road, br2515@bangla.net
Nawabpur, Kotwali,
Dhaka.
31 Sadarghat Corp. Branch, Dhaka Greatwall Shopping br2542@bangla.net
complex, Sadarghat,
Sutrapur, Dhaka.
32 Strand Road Corp. Branch, 15, Strand Road, br2462@bangla.net
Chittagong G.P.O.Chittagong.
Kotwali, Chittagong-
4000.
33 WASA Corp. Branch, Dhaka Kawran Bazar, Dhaka. br4786@bangla.net
34 Foreign Exchange Branch, Dhaka 1/D, DIT Avenue, GPO, br6009@bangla.net
Motijheel, Dhaka-1000.
35 Purana Paltan Corp. Branch, Dhaka 56, Purana paltan, GPO, br6423@bangla.net
Dhaka-1000
36 Amin Court Corp. Branch, Dhaka 62/63, Motijheel C/A, br1242@bangla.net
Motijheel, Dhaka-1000
37 Jahan Building Corp. Branch, Jahan Building, 24, br1016@bangla.net
Chittagong. Agrabad, Bandar, Double
Mooring, Chittagong-
4100
38 Gazipur Branch, Gazipur Majeda Complex, br3502@bangla.net
Joydebpur, Gazipur-1700
39 Dhammondi Branch, Dhaka. H#2, R#14, Sobhanbagh, br8052@bangla.net
Mirpur Road, Zigatola,
Dhanmondi, Dhaka-1209
40 Gulshan Branch, Dhaka. Gulshan, Dhaka br9787@bangla.net
41 Dhaka University Branch, Dhaka. Karzon Hall, GPO, br9612@bangla.net
Shahbag, Dhaka-1000
42 Jatrabari Branch, Dhaka. Jatrabari, Dhaka-1204 br9328@bangla.net
43 Uttara Model Town Branch, Dhaka. Uttara, Dhaka br8002@bangla.net
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Corporate Social Responsibility
Focus
As an integrated part of the Corporate Social Responsibility (CSR), Agrani
Bank Limited is much aware in support of environmentally sustainable social
development since its introduction. The Bank is committed to CSR towards the
community. Our ethics are clear i.e. not to earn excessive profits, our vision is
to build up a society where human dignity and human rights receive the highest
consideration and evaluation. Our motto is also to improve the society and its
culture by means of CSR. Its activities are related to the needs of our valued
customers, shareholders, the employees and communities.
a) Shareholders
The bank is fully committed to the interest of our shareholders .We increase our
shareholders value by optimizing financial performance at least cost.
b) Valued Customers
Our customers are our business partners and we sincerely strive to improve our
business relationship with our customers for our mutual benefits. We are
offering different financial products and services to meet their need with the
higher degree of ethics. We feel proud to provide our services to our valued
customers without any hidden cost.
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c) Environment
d) Business Partners
e) Regulators
f) Employees
Human resources are the key to our success .We consider the human resources
as a tool for development. As usual, the Staff Welfare fund which is run by
Bank's employees out of their regular contribution, continued to stand by its
members for their well being. There is a Board of Trustees to provide financial
support to the staff members as admissible under the rules on their termination
or retirement from the bank services or to their nominee's or legal heirs in case
of death. To this end, two trusts Agrani Bank Limited Employees provident
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fund Trust and Agrani Bank Limited Super Annuation Fund Trusts are in
operation. For the recreational programme the Bank patronizes sports and
cultural events with a very spontaneous fervour.
g) Community
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Sectors facilitated against CSR is appended below:
Figure in lac
Sl. No. of
Nature of Work Amount
No. beneficiaries
01 Education 344.55 38
02 Health 51.81 82
03 Natural Disaster 2.00 7
04 Sports 20.10 9
05 Art & Culture 79.46 28
Muktijoddha
06 30.00 1
Jadughor
07 Others 43.81 17
Total: 571.73 182
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Services
Cash Services
ATM Services
Cheque Encashment
Foreign Currency
Fund Transfer
Inter-branch Money Transfer
Swift
Telegraphic Transfer
Issuing & Enchasing Foreign Drafts
Value Added Services
Locker Services
Agency Services
Inland Remittance
LOCKER SERVICE :
Nature of
Nature of Service Rate of Charges
Charges
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Personal Banking
Savings Accounts:
Savings Bank Account can be opened in any branch of Agrani Bank by any
Bangladeshi citizen in the name of an individual or a group of individuals which
can be operated singly or jointly:
A Savings Bank Account may also be opened in the name of a minor which
has to be operated by the minor's guardian.
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transaction of the Account the illiterate Account Holder has to present
himself/herself before the concerned Branch officials.
Interest for the Account is applied in June and December on monthly product
basis.
Loans:
1. Home Loans
2. Consumers Loans
3. Loan for Overseas Employee
4. Loans against salary
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ATM Services
Agrani Bank Limited has launched Debit card under a shared system. The
shared ATM system is maintained by Cash Link Bangladesh Limited (CBL).
The following banks are in the said shared ATM system.
Cash transactions.
Balance inquiry.
For Customer:
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Cards:
Debit cards:
Agrani Bank Limited has launched Debit card under a shared system. The
shared ATM system is maintained by Cash Link Bangladesh Limited (CBL).
The following banks are in the said shared ATM system.
15
Foreign Remittance Exchange House List:
SL No. Name of Exchange House Country Address
1 Mr. M. Wahidul Haque Chairman AB Bank Ltd.
2 Mr. M. Wahidul Haque Director AB Bank Ltd.
3 Mr. M. Wahidul Haque Director AB Bank Ltd.
4 Mr. M. Wahidul Haque Director United Commercial Bank Ltd.
5 Mr. M. Wahidul Haque Director United Commercial Bank Ltd.
6 Mr. M. Wahidul Haque Director Southeast Bank Ltd.
7 Mr. M. Wahidul Haque Director Southeast Bank Ltd.
8 Mr. M. Wahidul Haque Director Networld Bangladesh Ltd.
9 Mr. M. Wahidul Haque Director Networld Bangladesh Ltd.
10 Mr. M. Wahidul Haque Director Euronet Worldwide Inc.
11 Mr. M. Wahidul Haque Managing Director CashLink Bangladesh Ltd.
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Commercial Banking:
Current Account:
Current account means any account which pays little or no interest but form
which the customer can withdraw money when he wants by writing cheque
during a working day. This type of accounts may be established in the name of
individual or firms. This account is best suited for a business man.
Investment Banking:
Loan Syndication:
Agrani Bank Limited as a state owned commercial bank has to play important
role in translating the Governments development plans in terms of growth in
industrial, commercial and agricultural sector in Bangladesh. Accordingly the
bank has formulated its credit policy under the guidelines of Bangladesh Bank
the Central Bank of Bangladesh.
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against any insidious transaction. For reduction the lending risk Syndication
Finance is most popular financing system.
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Chemical
Power, etc
List of Syndication financed by Agrani Bank Limited.
As Lead Arranger our Bank has financed 13 (Thirteen) nos. of large projects &
as participating member bank has financed 55 (fifty Four) nos.of successful
projects.
A. As Lead Arranger:
SL No Name of the Borrower
01. Hotel Saint Martin Ltd.
02. The Dacca Dyeing & Manufacturing Co. Ltd.
03. East West Property Developments (Ptv.) Ltd.
04. Shahabuddin Medical College & Hospital Ltd.
05. Heart Beat Clinic Ltd.
06. BSRM Steels Ltd.
07. Green Life Hospital Ltd.
08. Wisteria Textile Ltd.
09. Energis Power Corporation Ltd..
10. Bashundhara Food & Beverage Industries Ltd.
11. Dutch Bangla Power & Associates Ltd.
12. IEL Consortium & Associates Ltd.
13. Power Pac Motiara Keranigong Power Plant Ltd..
B. As Participating Member Bank:
SL No Name of the Borrower
01. Tairunnessa Memorial Medical Center Ltd.
02. Shamim Composite Textile Mills Ltd.
03. Aegis Cotton Mills Ltd.
04. Anlima Textile Ltd.
05. K Y C R Coil Ind. Ltd.
06. Beximco Pharmaceuticals Ltd.
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07. Jamuna Spinning Mills Ltd.
08. Silver line Composite Mills Ltd.
09. Diabetic Association of Bangladesh Health Care Development
Program (DABHCDP)
10. Karim Spinning Mills Ltd.
11. Becon Pharmaceuticals Ltd.
12. Padma Weaving Ltd.
13. Lina Paper Mills Ltd.
14. Imperial Hospital Ltd.
15. Rowshan Are Cotton Mills Ltd..
16. Alltex Spinning Ltd..
17. Diamond Spinning Ltd..
18. Karoni Knit Composite Ltd..
19. T.M International Bangladesh Ltd.
20. Grameen Phone Ltd.
21. Shun Shing Power
22. Pacific Bangladesh Telecom Ltd.
23. F C I Beverage Ltd. (Qibla Cola)
24. ARKAY Cotton Spinning Mills Ltd.
25. Dhaka Telephone Co Ltd.
26. Aegis Composite Textile Mills Ltd.
27. Ranks Telecom Limited
28. Samuda Chemical Complex Ltd.
29. Warid Telecom International Ltd.
30. RFL Plastic Limited
31. Front Line Spinning Mills Ltd.
32. Bangladesh Telecom Ltd.
33. Ibrahim Iqbal Memorial Hospital Ltd.
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34. Unique Power Plant Ltd.
35. Faisal Spinning Mills Ltd.
36. BRAC
37. North South University
38. Cashlink Bangladesh Ltd.
39. Summit Purbanchol Power Company Limited and Summit
Uttaranchol Power Company Ltd.
40. Shampa Flowers Mills Ltd.
41. Banga Building Materials Ltd.
42. ACI Logistics Ltd.
43. Keya Yarn Mills Ltd.
44. Beuro Bangladesh
45. United Cotton Mills Ltd.
46. Bangle lion Communications Ltd.
47. BRAC Secutisation Ltd.
48. Nasir Glassware & Tube Ind. Ltd.
49. Super Petrochemical (Pvt.) Ltd.
50. Fakir Chemicals Ltd.
51. Glory Spinning Ltd.
52. RR Spinning Mills Ltd.
53. Prime melange Yarn mills Ltd.
54. Desh Energy Ltd.
55. Meghna Seeds Crushing Mills Ltd.
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Business Banking:
Current Account
Call Deposits
Agrani Bank Shilpa Unnayan Bond
Cash Credit (Hypo)
Cash Credit (Pledge)
Secure Overdraft (SOD)
Temporary Overdraft (TOD)
Industrial Credit (IC)
Export Cash Credit
Trade Finance
Trade Finance
Import Finance
Loan Against Imported Merchandise (LIM)
Loan Against Trust Receipt (LTR)
Loan Against Export Development Fund (EDF)
Payment Against Documents (PAD)
Export Finance
Export Cash Credit
Pre-shipment Credit
Packing Credit
Foreign Bills Purchase (FBP)
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Current Account:
Current account means any account which pays little or no interest but form
which the customer can withdraw money when he wants by writing cheque
during a working day. This type of accounts may be established in the name of
individual or firms. This account is best suited for a business man.
09. Green road Branch, Dhaka 10. Hotel Sheraton Branch, Dhaka
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13. Banani Branch, Dhaka 14. Nawabpur Road Branch, Dhaka
15. Moulvi Bazar Branch, Dhaka 16. Court Road Branch, Narayangonj
41. Cox's Bazar Branch, Cox's Bazar 42. Khagrachari Branch, Rangamati
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54. Chapai Nawabgonj Branch, Chapai
53. Shaheb Bazar Branch, Rajshahi
Nawabgonj.
59. Thana Road Branch, Bogra 60. Joypur Hat Branch, Joypurhat
67. Kurigram Branch, Kurigram 68. Sir Iqbal Road Branch, Khulna
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repayment of the banks finance and charges either fully or partially, on
production of the Delivery Order issued by the banker in favor of the borrower.
Export Finance:
Pre-shipment Credit:
We provide pre - shipment finance in the form of Export Packing Credit (PC)
and Back to Back Letter of Credit to assist for export from Bangladesh.
Packing Credit:
We provide pre-shipment finance in the form of Export Packing Credit to
manage Exporters cash flows for the purpose of procuring raw materials,
manufacturing, processing, transporting, warehousing, packing, shipping of
goods, etc.
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Agri & Rural Banking :
Agrani Bank handling two kinds of banking, theses are below:
SME Banking:
SME Loan Products
Small & Medium Enterprises Financing
Micro Credit Programmes of Agrani Bank Limited
Daridro Bimochon Karmasuchi (DABIK)
Employment Generation Project for the rural poor (EGPRP)
Small Enterprises Development Project (SEDP)
Marginal Small Farm Systems Crop Intensification Project (MSFSCIP)
Special Micro-Credit Program (SMCP)
Loan for Disable Person
Women's Credit Program
Special Commercial Loan Program
Micro Enterprise Credit Program
Financing NGOs for on-lending to rural poor
Productive Employment Project (PEP)
Kurigram Poverty Alleviation Project (KPAP)
Micro Enterprise Loan Scheme
Special assistance project for cyclone affected rural households
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Small & Medium Enterprises Financing:
This Program Small & Medium Enterprises Financing is being implemented in
the Bank from 2005. The main objective is to promote and establish the Small
and Medium Enterprises of Bangladesh as an efficient and profitable business
concern with a view to ensure the economic development of the country by
increasing local productions, generating income & employment.
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accords high priority.The project's goal is to create a productive micro-
enterprise sub-sector providing profitable self-employment for rural people,
supported by public and private sector structures and processes which lead to a
favourable climate for increasing investment in, and improving management of,
micro-enterprises.Under this project, loan may be delivered to entrepreneurs
through its designated Branches. Eligible Micro Enterprises under the project
are:
29
financed under this project such as rice mill, oil mill, food processing , flour
mill, nursery, repairing workshop, hatchery, fishery, weaving, handicreafts etc.
Maximum loan celling is Tk. 7,50,000.The rate of interest is minimum and the
maximum loan repaymat period is 7 years. Now, the Project is going to be a
subsidiary company of the Agrani Bank Ltd.
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Under the Programme, the branch manager can sanction the loan upto
Tk.50,000. For loan upto Tk.1,00,000 no collateral is required.The rate of
interest of the loan is minimum and it is 11% per annum only.
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After completion of the Project the recovery activities of the outstanding loan
are going on by the Bank.
NRB Banking
Non Resident Special Taka Account
NR Investors Taka Account
Us Dollar Premium Bond & Us Dollar Investment Bond
Wage Earner's Development Bond (WEDB)
Foreign Currency Deposit Accounts
Foreign Currency Account
Non Resident Foreign Currency Deposit
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and capital gains deposited in the account are exempted from Income Tax The
account can be operated by nominee (s).
3 years maturity .
Half yearly interest payment .
Principal amount and interest can be payable in either Bangladeshi Taka
or US Dollar.
Principal and interest both are free of income tax .
At maturity ,the principal amount can be reinvested or repatriated.
In case of loss, partial damage or complete damage of the bond,duplicate
bond will be issued.
The bond can be enchased before maturity but partial encashment is not
allowed.
Persons buying bonds worth US $ 1 million or 10 lac US Dollar will get
CIP status.
The Bond holder can nominate a nominee and the bonds will accrue
interest on behalf of the nominee even after the death of the bond holder.
35
Interest is payable in Bangladesh Taka.
Principal amount can be payable in Bangladesh Taka if the purchaser
desires.
If any customer buys bond worth 10,000 US Dollar ,continues to increase
the investment up to death, he or she will get 15% to 25% of invested
amount with a maximum of Taka.2,000,000/- as death risk benefit under
specific terms & conditions.
Limit of Purchase:
Nominee:
In the event of the death of the holder ,the nominee and in the event of the death
of both the holder and the nominee ,the heir(s) of the holder shall be able to
withdraw the amount of the bond(Principal ,interest & death risk benefit if any).
Bond Issuing Branches of Agrani Bank Limited:
B. Investment Bond
Other Information:
37
Bangladesh embassy/consular office in USA,UK,Kuwait,Saudi Arabia
(Riyadh/Jeddah ),Malaysia and Singapore will provide assistance in this
regard.
38
Tax Benefit:
Interest earned from WEDB is exempted from Income Tax
Availability of WEDB:
Application Forms may be collected from any AD Branch of Agrani Bank. or
any other Bank in Bangladesh or Agrani Exchange House in Singapore or
Bangladesh Missions abroad. But the Form has to be submitted to any AD
Branch of Agrani Bank. in Bangladesh for purchasing WEDB
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Foreign Currency Deposit Accounts
Currencies:
Foreign Currency (F.C.) Account may be opened in the following foreign
currencies:
U.S. Dollar (USD) Great Britain Pound Sterling (GBP) Euro
Japanese Yen. (JPY). Documents required for opening F.C. Account:
Prescribed Account Opening Form 2(Two) Passport size photographs
Authorised Specimen Signature Card Proof of employment or other
related documents. In case of nominee additional 2 copies of passport
40
size photograph of the nominee Photo copies of Passport or other related
documents.
Mode of Deposits:
The Foreign Currency Accounts may be credited in the following ways:
Cash Foreign Currency brought in by the depositor.
Travellers Cheques. Cheques or Drafts.
Money Order Receipt By Electronic Fund Transfer.
Interests:
The ADs maintaining foreign currency accounts can pay interest of F.C.
Accounts, if the accounts are maintained in the form of Term Deposits for a
minimum period of 90 days. Interest rates are comparable with the rates
available on similar accounts maintained abroad.
Retention of Foreign Currency in Accounts;
Bangladeshi citizens and other persons residing in Bangladesh or abroad are
required to self-declare such F.C. to an AD within one month from the date of
acquisition by them of such F.C.
This regulation is exempted for the followings:
Foreign diplomats, nationals, missions, embassies and expatriate
employees of foreign business houses, contractors or consultants who are
receiving their salaries partly or entirely in foreign currency abroad.
Portion of repatriated export proceeds kept in Retention Quota Accounts.
Foreign Exchange brought in at the time of return can be credited to RFC
account.
And upto US$ 5,000/- brought in undeclared at the time of return from
abroad can be retained at hand.
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Use of F.C. account balance:
The F.C. can be used for payments for the purpose mentioned while
opening the account.
Funds may be utilized by the account holders for import of commodities
as per instruction of Bangladesh Bank & CCI&E.
Funds may be brought back to the country of the Account Holder living
abroad. Fund may be used for traveling, payments of credit card bills,
education expenses and treatment expenses.
Fund may be converted to local currency by the Account Holder or
Nominee.
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funds transferred from existing foreign currency accounts maintain by the wage
earners with any AD Branch of Agrani Bank.
The accounts are in the nature of Term Deposits maturing after one month, three
months, six months and one year. The accounts may be maintained in US
Dollar,Euro, Pound Sterling or Japanese Yen: initially with minimum amount of
US$1000 or Pound Sterling 500 or equivalent. Account may be opened against
remittances in other convertible currencies after conversion of those into US
Dollar, Euro, Pound Sterling or Japanese Yen.
The concerned AD Branch of Agrani Bank will pay interest on deposits into the
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accounts at the Euro Currency Deposit rates. In case of premature repayments,
the interest amount will be forfeited to the depositing AD Branch. The interest
on deposits into this account is exempt from the tax payable under Income Tax
Act.
The Account Holder can freely repatriate the balance and the interest accrued
thereon in foreign exchange to the country of his residence or anywhere he
chooses and may at his option, convert the balance into local Taka at the
prevailing exchange rate.
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Agrani Exchange House
Hundreds of Bangladeshi expatriates are engaged in a variety of professions in
Singapore. Most of them have to remit money to their families as well as their
kith and kin in Bangladesh. Only a meager amount of their remittance used to
reach Bangladesh through banking channels before our Exchange House started
operation in February, 2002. Many illiterate and gullible Bangladeshi guest
workers fell prey to 'Hoondi' syndicates (unauthorized/unscrupulous
intermediaries). 'Hoondi' vendors, in the name of remitting money to
Bangladesh through non-banking channels under various tricky ploys, fleeced
many Bangladeshi brothers and left them bereft of their hard earned savings.
45
Merchant Banking
Issue Management:
We shall render our service to help the capital market to increase the supply of
securities. Being a Manager to issue we shall provide assistance to the Private
Limited Companies intended to be converted into Public Limited Companies by
way of obtaining necessary permission from relevant authorities, preparing
prospectus for public issue of shares and debentures, involving in the collection
of application money and end through listing of securities with stock exchange.
Underwriting:
Agrani Bank Limited with its strong capital base is capable of providing
underwriting commitments for successful completion of IPO of any size
enabling the companies to go public.
Portfolio Management:
46
account
The introducer needs to have an investment account or any other account with
Agrani Bank.
Maximum two accounts can be opened � one in the name of the individual
47
Investment Account:
48
Islami Banking
Islami Banking
Mudaraba Savings Accounts
Mudaraba Mohor Deposit Scheme
Mudaraba Hajj Sanchoy Prokolpo
Islami Banking Window
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Treasury
Primary Dealer Unit
Treasury Bill
Treasure Bonds
REPO
Reverse REPO
ForEx & Fund Management
Import Export Financing
Custodian Services
Money Market Landing
Treasury Bill:
Treasury Bill is the short term security instrument having maturity within one
year by which the government borrows from the banking system as a part of
budgetary requirement. Presently there are three types of T. Bill in the market in
respect of maturity period. They are of 91 days, 182 days and 364 days tenor.
Treasure Bonds:
Treasury Bond is a long term security instrument by which the government
borrow from the Banking system for long term as a part budgetary requirement.
Currently there are four types of Treasury Bond in the market in respect of
maturing period. They are of 5 years, 10 years, 15 years and 20 years tenor.
REPO:
Repo means Repurchase Agreement from sellers point of view. When a bank or
financial institution having government approved securities in excess after
maintain statutory requirements, falls short of liquidity then it sells its excess
securities after maintaining SLR under repurchase agreement. In this connection
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the bank which sells security under Repo should pay interest at an agreed rate.
In case of Bangladesh Bank Repo the rate is now 5.50%.
Reverse REPO
It is the arrangement just vice versa to Repo. The rate of reverse Repo
determines upon demand and supply of money. For Bangladesh Bank reverse
Repo there is no involvement of security and in that case the rate of reverse
Repo is 3.50% at present.
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FIVE YEARS' PERFORMANCE AT A GLANCE
Particulars 2010 2009 2008 2007 2006
Balance Sheet
Authorized Capital 800 800 800 800 800
Paid-up Capital 547 497 248 248 248
Reserves 486 139 74 16 15
Revaluation Reserve on Investment in Govt.
90 207 43 - 15
Securities
Retained Profit (Loss) 449 74 277 70 (1,810)
Total Equity 1572 1144 642 334 (1,532)
Total Deposits 20633 16,628 14,681 13,592 12,892
Core deposit: 8505 7,357 7,209 7,129 7,491
i. Savings deposit 8013 6,966 6,486 6,001 5,785
ii. Deposit Pension Scheme 131 125 127 124 113
iii. Agrani Bank Pension Scheme 66 136 567 1,004 1,593
iv. Agrani Bank Bishesh Shanchay Scheme 295 130 29
Long Term Liability 19044 15,964 3,980 10,230 11,006
Total Loans and Advances 16326 12,224 11,336 11,849 10,587
Interest Suspense and Penal Interest 579 691 672 950 892
Provision for Loans and Advances 1064 1,187 1,153 1,390 1,337
Net Loans and Advances 14683 10,345 9,511 9,509 8,358
Investments 4264 4,089 2,933 2,190 2,231
Fixed Assets 544 288 253 248 41
Total Assets 26485 21,406 18,732 18,628 15,408
Net Current Asset 5960 4,798 (6,854) 356 2,130
Operating Results
Total Income 2402 1,637 1,498 1,368 1,233
Total Expenditure 1316 992 865 842 875
Provision during the year 312 185 211 222 29
Operating Profit before amortization, provision &
1086 644 633 526 358
tax
Net Profit (Loss) after amortization, provision & tax 352 136 265 316 194
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Earnings per share 64.35 24.80 106.52 34.56
Cost of Fund in percentage 7.42 6.86 6.65 6.68 6.84
Return on Equity in percentage 39.91 53.75 41.28 29.55
Return on Assets in percentage 1.33 0.63 1.41 0.92 1.26
Net Interest Margin in percentage 6.25 4.61 4.24 3.69 2.96
Average Yield on Loan in percent. (Performing
11.19 11.04 10.38 10.35 9.53
Loan)
Loans as percentage of Deposit (A. D. Ratio) 79.13 73.51 77.21 87.18 82.12
Total Classified Loans to Total loans in percentage 12.88 19.42 22.48 26.83 26.27
Net Classified loans to Net loans in percentage
3.13 4.79 7.61 8.82 6.61
(including staff loan)
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Profit and Loss Account
54
Amortization of Valuation Adjustment (D) 9.8 1,329,500,000 1,329,500,000
Profit/(Loss) before provision & tax (E) = (C - D) 9,532,527,192
5,114,944,270
Provision for loans and advances 36 892,216,494 909,472,355
Other provision 37 2,233,063,896 947,791,669
Total provision (F) 3,125,280,390 1,857,264,024
Net profit/(loss) before Tax (G)=( E-F) 6,407,246,802 3,257,680,246
Provision for Tax
Current Tax 12.4 2,068,600,000 1,700,000,000
Deferred Tax 9.6 821,874,534 202,163,281
2,890,474,534 1,902,163,281
Net profit/(loss) after Tax 3,516,772,268 1,355,516,965
Add. Retained surplus for the previous year(restated) 18.1 2,755,406,699
4,793,546,590
6,272,178,967 6,149,063,555
Appropriation:
Statutory Reserve 14 1,281,449,360 651,536,049
Bonus Share Issue 496,840,000 2,484,200,000
Retained surplus 18 4,493,889,607 3,013,327,506
Earnings Per Share (EPS) 13.3 64.35 24.80
These financial statements should be read in conjunction with the annexed notes
1 to 52.
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Conclusion
In the internship period I have gathered a different type of experience. It is a
well established statement that practical situations always differ from theoretical
explanation. During the internship program at Corporate Br. of Agrani Bank
Ltd. almost all the desks have been observed. And I have found that theory
deviates from practice more or less. I have observed the function of Overall
Banking Systems of Agrani Bank Ltd. Almost which will help me a lot in my
professional career.
As a commercial bank, Agrani Bank Ltd. almost is trying it's best to extend their
service to the public. Corporate Br. of Agrani Bank Ltd. provides all kinds of
commercial banking services to its customers. Corporate department is doing
well, rendering all the service related to Foreign, local L/C & remittance.
Though the advance of the Corporate branch is a little high. The SME & retail
department will be in good position if Branch manages to recover that. General
banking is engaged in cash receipt, payment, cheque clearing, opening account
and local remittance etc.
But it is a great opportunity for me to get used with the operational environment
of commercial banking of Agrani Bank Ltd.. I have tried by soul to incorporate
the internship report with necessary relevant information. It can be said that
Agrani Bank Ltd. future prospect in the financial sector is good. But it need to
change some policy, management should monitor all the work of branch level,
take strong decision and implement them.
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Evaluation Questionnaire :
5. How do you provide foreign remittance within a very short period of time?
cheques book?
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