Agrani Bank Limited: Difference between revisions

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'''Agrani Bank Limited''' a nationalised commercial bank (NCB) of Bangladesh established on 26 March 1972 under the Bangladesh Banks (Nationalisation) Order 1972 by taking over two abandoned Pakistani banks Habib Bank and Commerce Bank. The bank has been converted to a Public Limited Company with 100% ownership of the government and started functioning as Agrani Bank Limited (ABL) from 15 November, 2007 taking over all assets, liabilities and business of Agrani Bank on the basis of Vendors Agreement signed between the Government and the Agrani Bank. After corporatisation, the management of the bank has been given autonomy to make the bank competitive and to run its business effectively.
'''Agrani Bank Limited''' emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007. After corporatization, the management of the bank has been given autonomy to make the bank competitive and to run its business effectively. The Bank’s current shareholdings comprise Government of Peoples Republic of Bangladesh and 9(Nine) other shareholders nominated by the Government. The Bank has 960 branches and 15 windows that are working under Islamic Banking Unit complying with the rules of Islamic Shariah. In addition to traditional deposit taking in various accounts and providing loans to almost all sectors of the economy, the bank offers many other services through its schemes of school banking, inland travelers cheques, pension funds, industrial development bond and inland remittance. The bank operates some income generating and economic development projects too.
 
Basic Facts and Economic Indicators (In Million Taka)


                                                                                                                                                                                             
{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
|
| Indicators || 2018 || 2019 || 2020
Indicators
|-
|
| Authorized Capital || 25000 || 25000 || 2500
2004
|-
|
| Paid up Capital || 20723 || 20723 || 20723
2005
|-
|
| Reserved Fund || 20090 || 20122 || 21933
2006
|-
|
| Deposits || 621927 || 692243 || 921990
2007
|
2008
|
2009
|-
|-
|
| (a) Call Deposits || 181913 || 202883 || 290941
Authorized Capital
|
8000
|
8000
|
8000
|
8000
|
8000
|
8000
|-
|-
|
| (b) Term Deposits || 440014 || 489360 || 631049
Paid up Capital
|
2484
|
2484
|
2484
|
2484
|
2484
|
4968
|-
|-
|
| Loans and Advances || 395753 || 465827 || 520495
Reserved Fund
|
338
|
338
|
292
|
160
|
743
|
1394
|-
|-
|
| Investment || 159230 || 199676 || 296209
Deposits
|
125390
|
131020
|
128921
|
132855
|
146815
|
166284
|-
|-
|
| Total Asset || 78915 || 856721 || 1092238
a) Call Deposits
|
21144
|
21646
|
25190
|
76404
|
92694
|
37405
|-
|-
|
| Total Income || 48224 || 55577 || 57966
b) Term Deposits
|
104246
|
109374
|
103731
|
56451
|
54121
|
128879
|-
|-
|
| Total Expenditure || 39902 || 44867 || 48719
Loans and Advance
|
95920
|
99404
|
105869
|
118500
|
113362
|
122236
|-
|-
|
| Foreign Currency Trading || 445110 || 700801 || 565243
Investment
|
26848
|
24330
|
22306
|
22199
|
29330
|
40897
|-
|-
|
| a) Export || 82800 || 109234 || 106366
Total Asset
|
151376
|
155528
|
154080
|
185739
|
187326
|
211789
|-
|-
|
| b) Import || 235510 || 441840 || 248738
Total Income
|
8895
|
10797
|
12331
|
13681
|
14981
|
16367
|-
|-
|
| c) Remittance || 126800 || 149727 || 210139
Total Expenditure
|
9770
|
8457
|
8749
|
8420
|
8651
|
9924
|-
|-
|
| Total Manpower || 12656 || 12051 || 11389
Foreign Currency Trading
|
114717
|
127472
|
206933
|
204864
|
211741
|
178011
|-
|-
|
| a) Officers || 10677 || 10331 || 9926
a) Export
|
41971
|
41710
|
51713
|
48919
|
49538
|
44606
|-
|-
|
| b) Staff || 1979 || 1720 || 1463
b) Import
|
35906
|
51194
|
115924
|
113431
|
109517
|
77534
|-
|-
|
| Correspondent Banks || 302 || 309 || 346
c) Remittance
|
36840
|
34568
|
39296
|
42514
|
52686
|
55871
|-
|-
|
| Total Branches (in numbers) || 952 || 956 || 960
Total Manpower
|
12208
|
11938
|
11793
|
11345
|
10988
|
11443
|-
|-
|
| a) Domestic || 952 || 956 || 960
a) officers
|
6563
|
6567
|
6490
|
6358
|
6299
|
6992
|-
|-
|
| b) Overseas || 0 || 0 || 0
b) staff
|
5645
|
5371
|
5303
|
4987
|
4689
|
4451
|-
|-
|
| Agriculture Credit
Correspondent banks
 
 
|
397
|
410
|
416
|
416
|
383
|
401
|-
|-
|
| Loan Disbursed || 6794 || 6865 || 5036
Total branches (in numbers)
|
870
|
864
|
866
|
866
|
867
|
867
|-
|-
|
| Realised || 1982 || 2740 || 3087
a) Domestic
|
870
|
864
|
866
|
866
|
867
|
867
|-
|-
|
| Industrial Credit
b) Overseas
|
-
|
-
|
-
|
-
|
-
|
-
|-
|-
|
| Loan Disbursed || 65139 || 77466 || 59014
Agriculture credit
|
|
|
|
|
|
|-
|-
|
| Realsied || 8633 || 10079 || 6834
a) Loan disbursed
|
741
|
1342
|
924
|
942
|
1163
|
2452
|-
|-
|
| Loan outstanding by Sector
b) Realised
|
859
|
1180
|
907
|
1135
|
1146
|
2299
|-
|-
|
| a) Agriculture and fisheries || 16220 || 17798 || 19702
Industrial Credit
|
|
|
|
|
|
|-
|-
|
| b) Industry || 108618 || 111674 || 127654
a) Loan Disbursed
|
10526
|
12972
|
2328
|
1342
|
5602
|
9459
|-
|-
|
| c) Trade and commerce || 87744 || 110261 || 137332
b) Realsied
|
8448
|
5359
|
1607
|
1489
|
3279
|
7561
|-
|-
|
| d) Poverty reduction || 764 || 850 || 972
Loan Outstanding by Sector
|
|
|
|
|
|
|-
|-
|
| e) Construction || 41012 || 49288 || 63886
a) Agriculture and Fisheries
|
4522
|
5852
|
5499
|
5883
|
6455
|
7461
|-
|-
|
| f) Electricity, Gas and Water Supply || 0 || 0 || 8742
b) Industry
|
18820
|
19006
|
22763
|
23079
|
22155
|
27411
|-
|-
|
| g) Transport and Communication || 4767 || 5626 || 7881
c) Trade and Commerce
|
5435
|
9928
|
12134
|
13107
|
13638
|
13913
|-
|-
|
| CSR || 0 || 7 || 16
d) Poverty Reduction
|
1885
|
2353
|
2885
|
3035
|
4131
|
3884
|}
|}


''Sources''  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 2008-09 and the Agrani Bank Management, April 2010.
''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-2021.
 
The management of the bank is vested in an 11-member board of directors including the managing director and CEO appointed by the government. The board of directors formulates the policy of the Bank. The managing director is the chief executive and two deputy-managing directors; seven general managers and other senior executives assist him. The general managers are in charge of the bank's branches in six administrative divisions of the country namely Dhaka, Chittagong, Khulna, Rajshahi, Sylhet and Barisal. The bank has 30 departments at its head office, including a training institute in Dhaka. Beside these, under World Bank funded Enterprise Growth and Bank Modernisation Project, there is a provision for appointing four consultants in the rank general managers in the area of [[credit|credit]], audit, information technology and accounts and a full time law adviser for the bank.
 
'In addition to traditional deposit taking in various accounts and providing loans to almost all sectors of the economy, the bank offers many other services through its schemes of school banking, inland travelers cheques, pension funds, industrial development bond and inland remittance. The bank operates some income generating and economic development projects such as the Productive Employment Project, Netrokona Integrated Agri-product and Water Management Project, IFAD Project for [[Poverty|poverty]] Alleviation through Employment Creation, Kurigram Poverty Alleviation Project, Crop Intensification Project, National Micro Irrigation Development Project, Micro Entrepreneurship Development Project, and Agricultural Diversification and Intensification Project.
 
Agrani Bank Limited has set up a countrywide network to facilitate smooth and prompt transfer of money remitted by wage earners to their relatives or nominated representatives. To this end the bank has established banking connectivity with countries of Middle East, Gulf, South and East Asia and Italy to collect remittances from the expatriates. It has effected arrangements to ensure direct channeling of remittances to Bangladesh through its two overseas subsidiary companies and agreements with 32 foreign banks/exchange houses. Agrani Exchange House Private Limited has been operating since 31 January, 2002 in Singapore through which about 5145 million taka was repatriated until 2008. An MOU was signed with Bhumiputra Commerce Bank, Malaysia on 21 January, 2004 to help channeling remittances from Malaysia. A Drawing Arrangement Agreement has also been inked with Malaysian May Bank through which remittances from Malaysia are being repatriated. For smooth transfer of remittances from NRBs living in Kuala Lumpur Agrani Bank Remittance House Sdn Berhad is in full operation. In line with govermental instruction prompt transfer of money to the beneficiaries accounts are ensured to speed up internal monetary flow.
 
Agrani Bank Limited has approved credit facilities to 3983 development projects worth of cumulative 38043 million taka until 2009. Out of which 4314 million taka sanctioned against 225 projects including financing for establishment of 56-megawatt power plant alone in 2009. Credit facilities approved for industrial sector has a ratio of 48 percent for heavy and medium and the rest 52 percent for small and cottage industries. The bank is financing to important 44 sub sectors in the industrial sector selected by the government.
 
Since 1977, in line with public policy, Agrani Bank has been deeply involved in the micro credit to bring more rural people in the national economic activities and has so far disbursed 27367 million taka to 3280563 micro entrepreneurs including 10 [[NGO|ngo]]s under 25 projects. The recovery ratio is satisfactory. ABL has reorganised and upgraded its Micro Enterprise Development Unit (MEDU) into SME and [[Microcredit|microcredit]] Division to beef up the poverty reduction programme. Under the ambit of this initiative Employment Generation Project for the Rural Poor (EGPRP) project is being implemented credibly by Agrani Bank since 1995 with joint assistance from IFAD. The bank, in collaboration with three other public limited banks is maintaining a special microcredit project for the development of retarded population since 2000. Under the SME and Micro credit Division of the bank 14-microcredit projects are being implemented to help reducing poverty, creating job and expanding small business through NGOs and others. Brief description of three mentionable important programmes among them are as follows:
 
'''''Employment Generation Project for the Rural Poor (EGPRP)''''' The five year project was intiated with joint venture arrangement between Agrani Bank and IFAD in 1995-96. After its completion in June 2000, Agrani Bank is implementing the projects with its own fund. Main objectives of this project is to promote micro [[Entrepreneurship|entrEpreneurship]] and employment generation. Under this scheme upto 75,000 taka is credited without collateral and upto 500 thousand taka against the collateral. NGOs are also provided loan under this project. Up to December 2009, a total of 5223 million taka has been disbursed to 58480 micro entrepreneurs, against which 5443 million taka has been realised, the ratio of recovery being 97 percent.
 
'''''Special Microcredit for the development of retarded population'''''  The special credit facility was established in 2003 as a thrust sector of the Bangladesh government. Aiming at making the retarded self supporting and bringing them to the social and economic arena of the national life, Agrani bank is implementing this programme. Though physically retarded, an intelligent and capable in business can have access to this credit facility either individually or at family level.
 
'''''Credit to Women'''''  To bring back the women in the main stream of development activities the specialised credit facilities have been created. A woman can avail herself of up to 100 thousand taka loan under this scheme.


With the application of information technology Agrani Bank is striving for functioning efficiently and effectively while catering better banking services to its customers. It has achieved a remarkable progress in on-lining system of transactions between all its branches. Out of 867 branches, 258 have been brought under LAN based software. In all other branches important functions are carried out in computer. All branches of the banks have internet facilities through which remittances are transacted very efficiently. The branches where banking software have not yet been installed, General Ledger Software are there, through which daily statement of affairs, profit and loss accounts are preserved on automated system. A website of the bank is providing all banking services, financial statements and business related information since 2002. With the introduction of E-Cash ATM card in 2002, a new era of smart banking service from a state owned commercial bank in Bangladesh was opened. Under this arrangements customers are being provided facilities to draw cash within 24 hours from any desired location and paying utility bills under one roof. It is a shared system with which eight member banks are associated. Under this coordinated system countrywide banking facilities are being available through 40 ATM booths of member banks in different cities. 14 swift stations in different branches of the bank are providing foreign exchange transaction related services to exporters importers and the wage earners remittances as well. [Muhammad Abdul Mazid]
Agrani Bank Limited has set up a countrywide network to facilitate smooth and prompt transfer of money remitted by wage earners to their relatives or nominated representatives. To this end the bank has established banking connectivity with countries of Middle East, Gulf, South and East Asia and Italy to collect remittances from the expatriates. It has arrangements to ensure direct channeling of remittances to Bangladesh through its two overseas subsidiary companies and agreements with 32 foreign banks/exchange houses. [Muhammad Abdul Mazid]


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]


[[bn:অগ্রণী ব্যাংক লিমিটেড]]
[[bn:অগ্রণী ব্যাংক লিমিটেড]]

Latest revision as of 20:29, 13 October 2023

Agrani Bank Limited emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007. After corporatization, the management of the bank has been given autonomy to make the bank competitive and to run its business effectively. The Bank’s current shareholdings comprise Government of Peoples Republic of Bangladesh and 9(Nine) other shareholders nominated by the Government. The Bank has 960 branches and 15 windows that are working under Islamic Banking Unit complying with the rules of Islamic Shariah. In addition to traditional deposit taking in various accounts and providing loans to almost all sectors of the economy, the bank offers many other services through its schemes of school banking, inland travelers cheques, pension funds, industrial development bond and inland remittance. The bank operates some income generating and economic development projects too.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital 25000 25000 2500
Paid up Capital 20723 20723 20723
Reserved Fund 20090 20122 21933
Deposits 621927 692243 921990
(a) Call Deposits 181913 202883 290941
(b) Term Deposits 440014 489360 631049
Loans and Advances 395753 465827 520495
Investment 159230 199676 296209
Total Asset 78915 856721 1092238
Total Income 48224 55577 57966
Total Expenditure 39902 44867 48719
Foreign Currency Trading 445110 700801 565243
a) Export 82800 109234 106366
b) Import 235510 441840 248738
c) Remittance 126800 149727 210139
Total Manpower 12656 12051 11389
a) Officers 10677 10331 9926
b) Staff 1979 1720 1463
Correspondent Banks 302 309 346
Total Branches (in numbers) 952 956 960
a) Domestic 952 956 960
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 6794 6865 5036
Realised 1982 2740 3087
Industrial Credit
Loan Disbursed 65139 77466 59014
Realsied 8633 10079 6834
Loan outstanding by Sector
a) Agriculture and fisheries 16220 17798 19702
b) Industry 108618 111674 127654
c) Trade and commerce 87744 110261 137332
d) Poverty reduction 764 850 972
e) Construction 41012 49288 63886
f) Electricity, Gas and Water Supply 0 0 8742
g) Transport and Communication 4767 5626 7881
CSR 0 7 16

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-2021.

Agrani Bank Limited has set up a countrywide network to facilitate smooth and prompt transfer of money remitted by wage earners to their relatives or nominated representatives. To this end the bank has established banking connectivity with countries of Middle East, Gulf, South and East Asia and Italy to collect remittances from the expatriates. It has arrangements to ensure direct channeling of remittances to Bangladesh through its two overseas subsidiary companies and agreements with 32 foreign banks/exchange houses. [Muhammad Abdul Mazid]

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