ONE Bank Limited: Difference between revisions

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'''ONE Bank Limited''' (OBL)  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 head office of the bank is at Dhaka. An 11-member board of directors including the chairman and a vice-chairman governs the overall affairs of the bank. The managing director is its chief executive. In 2009 it had 1039 employees and 39 branches, all in urban areas. Bank';s 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. The bank';s financing concentrates in both, working capital finance and long-term finance. ONE Bank Limited (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 assists 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. The OBL is also involved in cement construction and transport sector financing.
'''ONE Bank Limited''' (OBL)  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 head office of the bank is at Dhaka. An 11-member board of directors including the chairman and a vice-chairman governs the overall affairs of the bank. The managing director is its chief executive. In 2009 it had 1039 employees and 39 branches, all in urban areas. Bank's 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. The bank's financing concentrates in both, working capital finance and long-term finance. ONE Bank Limited (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 assists 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. The OBL is also involved in cement construction and transport sector financing.


Basic facts and economic indicators (in million Taka)
Basic facts and economic indicators (in million Taka)
{| class="table table-bordered"
{| class="table table-bordered"
|-
|-
| Indicators ||    2004 ||    2005 ||      2006 ||        2007 ||      2008 ||      2009
! Indicators ||    2004 ||    2005 ||      2006 ||        2007 ||      2008 ||      2009
|-
|-
|Authorised capital ||1200 ||1200 ||1200 ||1200 ||4150 ||4150
|Authorised capital ||1200 ||1200 ||1200 ||1200 ||4150 ||4150
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|Reserved Fund ||176 ||168 ||381 ||527 ||676 ||914
|Reserved Fund ||176 ||168 ||381 ||527 ||676 ||914
|-
|-
|Deposits ||10915 ||18088 ||20254 ||24484 ||27866 ||39365
!Deposits ||10915 ||18088 ||20254 ||24484 ||27866 ||39365
|-
|-
|(a) Call Deposits ||1738 ||2487 ||2758 ||3822 ||3995 ||5755
|(a) Call Deposits ||1738 ||2487 ||2758 ||3822 ||3995 ||5755
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|Total Expenditure ||932 ||1520 ||2211 ||2658 ||3186 ||4145
|Total Expenditure ||932 ||1520 ||2211 ||2658 ||3186 ||4145
|-
|-
|Foreign Currency Trading ||23750 ||32018 ||40614 ||47464 ||59443 ||60573
!Foreign Currency Trading ||23750 ||32018 ||40614 ||47464 ||59443 ||60573
|-
|-
|a) Export ||6974 ||11916 ||16360 ||19413 ||25214 ||25561
|a) Export ||6974 ||11916 ||16360 ||19413 ||25214 ||25561
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|c) Remittance ||1521 ||2667 ||2653 ||2918 ||6385 ||572
|c) Remittance ||1521 ||2667 ||2653 ||2918 ||6385 ||572
|-
|-
|Total Manpower ||300 ||386 ||580 ||782 ||859 ||1039
!Total Manpower ||300 ||386 ||580 ||782 ||859 ||1039
|-
|-
|a) Officers ||276 ||354 ||531 ||719 ||792 ||939
|a) Officers ||276 ||354 ||531 ||719 ||792 ||939
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|Correspondent Banks ||258 ||252 ||270 ||280 ||285 ||300
|Correspondent Banks ||258 ||252 ||270 ||280 ||285 ||300
|-
|-
|Total Branches (in numbers) ||15 ||18 ||23 ||30 ||32 ||39
!Total Branches (in numbers) ||15 ||18 ||23 ||30 ||32 ||39
|-
|-
|a) Domestic ||15 ||18 ||23 ||30 ||32 ||39
|a) Domestic ||15 ||18 ||23 ||30 ||32 ||39
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|}
|}


''Source''  Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.
''Source''  Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Bank o Arthik Prothisthan Samuher Karjaboli'' [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.


In the investment portfolio, OBL have substantial investment in quoted and non-quoted shares of different organisation 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.
In the investment portfolio, OBL have substantial investment in quoted and non-quoted shares of different organisation 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.

Latest revision as of 14:32, 5 August 2021

ONE Bank Limited (OBL) 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 head office of the bank is at Dhaka. An 11-member board of directors including the chairman and a vice-chairman governs the overall affairs of the bank. The managing director is its chief executive. In 2009 it had 1039 employees and 39 branches, all in urban areas. Bank's 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. The bank's financing concentrates in both, working capital finance and long-term finance. ONE Bank Limited (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 assists 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. The OBL is also involved in cement construction and transport sector financing.

Basic facts and economic indicators (in million Taka)

Indicators 2004 2005 2006 2007 2008 2009
Authorised capital 1200 1200 1200 1200 4150 4150
Paid up capital 690 807 888 1039 1299 1558
Reserved Fund 176 168 381 527 676 914
Deposits 10915 18088 20254 24484 27866 39365
(a) Call Deposits 1738 2487 2758 3822 3995 5755
(b) Term Deposits 9177 15601 17496 20662 23866 33610
Loans and Advance 8759 15313 15682 19646 21464 31465
Investment 1229 2165 3321 3587 3715 6789
Total Asset 13420 20105 23143 27475 31744 45163
Total income 1433 2007 1886 3587 4293 5824
Total Expenditure 932 1520 2211 2658 3186 4145
Foreign Currency Trading 23750 32018 40614 47464 59443 60573
a) Export 6974 11916 16360 19413 25214 25561
b) Import 15255 17435 21601 25133 27844 34440
c) Remittance 1521 2667 2653 2918 6385 572
Total Manpower 300 386 580 782 859 1039
a) Officers 276 354 531 719 792 939
b) Staff 24 32 49 63 67 100
Correspondent Banks 258 252 270 280 285 300
Total Branches (in numbers) 15 18 23 30 32 39
a) Domestic 15 18 23 30 32 39
b) Overseas - - - - - -
Agricultural Credit
a) Loan Disbursed 90 1479 6131 156 106 296
b) Realised 73 1620 5981 72 17 44
Industrial Credit
a) Loan Disbursed 7350 11636 13521 24219 26307 32220
b) Realsied 4860 10808 12632 21494 24311 29031
Loan Outstanding by Sector
a) Agriculture and Fisheries 106 298 443 76 134 433
b) Industry 929 2412 2928 4345 5008 6280
c) Trade and Commerce 1623 3875 3525 4568 3999 6581
d) Poverty Reduction - - - - - -

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.

In the investment portfolio, OBL have substantial investment in quoted and non-quoted shares of different organisation 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.

Credit Rating Information and Services Limited (CRISL) assigned long term A-1 and short term ST-2 rating to the bank on the basis of its good operating efficiency and strong liquidity in 2008. The OBL has taken initiative to launch ATM facilities and E-banking. [Muhammad Abdul Mazid]

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