Export Import Bank of Bangladesh Limited

Export Import Bank of Bangladesh Limited known as Exim Bank was established on 3 August in 1999. The bank has transformed all of its conventional banking operations into Shariah-based Islami banking since 1 July 2004. The board of directors formed a Sharia Supervisory Board for the Bank. The managing director is the chief executive of the bank, who is supported by one additional managing director, 3 Deputy Managing Directors and 14 vice president level senior executives. At the very inception the bank had an authorised capital of Tk 1000 million which stood at Tk 10000 million in 2009. In 2009 the paid up capital of the bank was Tk 3374 million. On 31 December 2009 the capital adequacy of the bank was 10.75 percent that was Tk 520 million larger than enough. The bank had 52 branches all over Bangladesh in 2009.

Table Basic facts and economic indicators (in million Taka)
Indicators	2004	2005	2006	2007	2008	2009
Authorized capital	1000	1000	3500	3500	3500	10000
Paid up capital	628	879	1714	2142	2678	3374
Reserved Fund	798	1034	1754	2427	3086	3280
Deposits	19078	28319	35032	41547	57587	73835
a) Demand Deposits	2272	4090	4036	5853	8032	9765
b) Term Deposits	16806	24229	30996	35694	49555	64070
Investments (Loan and Advance)	19332	26646	32641	40197	53639	68610
Investment (Share & Bonds)	1543	1633	2233	2458	2,894	2189
Total Asset	24358	33717	41794	51503	68446	86212
Total income	2647	3433	4968	6408	11029	10387
Total Expenditure	1809	2258	3589	4490	8359	7184
Foreign Currency Trading	49314	72940	96175	117899	156434	162605
a) Export	22418	31285	46234	55790	76466	76241
b) Import	26782	41432	49597	61399	78540	83912
c) Remittance	114	223	344	710	1428	2452
Total Manpower	764	934	1020	1104	1312	1440
a) Officers	598	728	793	853	1030	1131
b) Staff	170	206	227	251	282	309
Correspondent Banks	196	222	246	250	278	333
Total Branches (in numbers)	24	28	30	35	42	52
a) Domestic	24	28	30	35	42	52
b) Overseas	-	-	-	-	-	-
Agricultural Credit
a) Loan Disbursed	94	52	18	27	36	95
b) Realised	12	82	55	125	152	298
Industrial Credit
a) Loan Disbursed	9956	7556	10357	13369	15186	21318
b) Realsied	7811	5786	9190	13450	14200	25355
Loan Outstanding by Sector
a) Agriculture and Fisheries	133	45	107	16	45	1206
b) Industry	1696	4618	6996	9826	13242	18803
c) Trade and Commerce	11592	13695	16475	19732	24866	31115
d) Poverty Reduction	-	-	-	-	-	-

Exim Bank operates Current Deposit Scheme, Savings Deposit Scheme, Term and Short Term Deposit Scheme, Monthly Income Scheme, Monthly Savings Scheme, Super Savings Scheme, Multiplus Savings Scheme, Education Savings Scheme, Hajj Account and Foreign Currency. The Bank provides Trade Financing, Scheme Investment, Current Investment, Export and Import Financing, Locker, Debenture, Capital Market, Corporate Banking, Syndicate Investment, Lease Financing and Real Estate Financing services to the clients.

Exim Bank has established EXIM Bank Foundation to perform Corporate Social Responsibilities (CSR) activities. The CSR activities are establishment of Exim Bank Hospital, Stipend Package for poor and meritorious students, Education Promotion Scheme, quard or interest-free loan for poor and meritorious students, relief in cash and kind for flood, fire and cyclone victims and cold-stricken people, helping people in slum areas, donation to educational institutions to set up computer lab and construction of footover bridges and beautification works in Dhaka City. The Exim Bank has introduced Core Banking Software (CBS), Visa Islami Card and Swift Network for the services of its clients. [Muhammad Abdul Mazid]