Export Import Bank of Bangladesh Limited: Difference between revisions

Latest revision as of 20:31, 13 October 2023

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 8-member 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 authorized capital of Tk 1000 million which stood at Tk 20000 million in 2019. In 2019 the paid-up capital of the bank was Tk 14123 million. The bank had 131 branches all over Bangladesh in 2019.

Basic Facts and Economic Indicators (In Million Taka)

Indicators	2018	2019	2020
Authorized Capital	20000	20000	20000
Paid up Capital	14123	14123	14123
Reserved Fund	14122	14965	16570
Deposits	300787	355817	395308
a) Call Deposits	54045	76031	41716
b) Term Deposits	246741	279785	353592
Loans and Advance	305036	343287	392920
Investment	24530	43173	40951
Total Asset	370997	431941	484744
Total Income	31606	37400	36426
Total Expenditure	24742	30480	29612
Foreign Currency Trading	366533	377911	344429
a) Export	171731	170653	161290
b) Import	189530	200802	177825
c) Remittance	5272	6457	5314
Total Manpower	2964	2954	2910
a) Officers	2351	2353	2319
b) Staff	613	601	591
Correspondent Banks	390	395	386
Total Branches (in numbers)	123	130	131
a) Domestic	123	130	131
b) Overseas	0	0	0
Agriculture Credit
Loan Disbursed	4886	4735	7148
Realised	4519	4334	6549
Industrial Credit
Loan Disbursed	78327	78572	93756
Realsied	61046	64850	71634
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry	3335	3736	4335
Industry	59931	65506	81550
Trade and Commerce	110875	120769	140888
Poverty Reduction	0	0	0
CSR	615	798	819

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

Exim Bank operates Current Deposit Scheme, Savings Deposit Scheme, Long-term and Short-term Deposit Scheme, Monthly Income Scheme, Monthly Savings Scheme, Super Savings Scheme, Multi-plus 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 foot over 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.

In 2019, bank deposits accounted for 2.8 per cent of total banking sector deposits and loans and advances accounted for 3.1 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 3.0 percent. [Muhammad Abdul Mazid]

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-'''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.
+'''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 8-member 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 authorized capital of Tk 1000 million which stood at Tk 20000 million in 2019. In 2019 the paid-up capital of the bank was Tk 14123 million.  The bank had 131 branches all over Bangladesh in 2019.
+Basic Facts and Economic Indicators (In Million Taka)
 {| class="table table-bordered table-hover"
-|-
-| colspan="7" |Table Basic facts and economic indicators (in million Taka)
 |-
-! Indicators || 2004 || 2005 || 2006 || 2007 || 2008 || 2009
+|Indicators || 2018 || 2019 || 2020
 |-
-|Authorized capital || 1000 || 1000 || 3500 || 3500 || 3500 || 10000
+|Authorized Capital || 20000 || 20000 || 20000
 |-
-|Paid up capital || 628 || 879 || 1714 || 2142 || 2678 || 3374
+|Paid up Capital || 14123 || 14123 || 14123
 |-
-|Reserved Fund || 798 || 1034 || 1754 || 2427 || 3086 || 3280
+|Reserved Fund || 14122 || 14965 || 16570
 |-
-! Deposits || 19078 || 28319 || 35032 || 41547 || 57587 || 73835
+|Deposits || 300787 || 355817 || 395308
 |-
-| a) Demand Deposits || 2272 || 4090 || 4036 || 5853 || 8032 || 9765
+|a) Call Deposits || 54045 || 76031 || 41716
 |-
-| b) Term Deposits || 16806 || 24229 || 30996 || 35694 || 49555 || 64070
+|b) Term Deposits || 246741 || 279785 || 353592
 |-
-|Investments (Loan and Advance) || 19332 || 26646 || 32641 || 40197 || 53639 || 68610
+|Loans and Advance || 305036 || 343287 || 392920
 |-
-|Investment (Share & Bonds) || 1543 || 1633 || 2233 || 2458 || 2,894 || 2189
+|Investment || 24530 || 43173 || 40951
 |-
-|Total Asset || 24358 || 33717 || 41794 || 51503 || 68446 || 86212
+|Total Asset || 370997 || 431941 || 484744
 |-
-|Total income  || 2647 || 3433 || 4968 || 6408 || 11029 || 10387
+|Total Income || 31606 || 37400 || 36426
 |-
-|Total Expenditure || 1809 || 2258 || 3589 || 4490 || 8359 || 7184
+|Total Expenditure || 24742 || 30480 || 29612
 |-
-! Foreign Currency Trading || 49314 || 72940 || 96175 || 117899 || 156434 || 162605
+|Foreign Currency Trading || 366533 || 377911 || 344429
 |-
-| a) Export || 22418 || 31285 || 46234 || 55790 || 76466 || 76241
+|a) Export || 171731 || 170653 || 161290
 |-
-| b) Import || 26782 || 41432 || 49597 || 61399 || 78540 || 83912
+|b) Import || 189530 || 200802 || 177825
 |-
-| c) Remittance || 114 || 223 || 344 || 710 || 1428 || 2452
+|c) Remittance || 5272 || 6457 || 5314
 |-
-! Total Manpower || 764 || 934 || 1020 || 1104 || 1312 || 1440
+|Total Manpower || 2964 || 2954 || 2910
 |-
-| a) Officers || 598 || 728 || 793 || 853 || 1030 || 1131
+|a) Officers || 2351 || 2353 || 2319
 |-
-| b) Staff || 170 || 206 || 227 || 251 || 282 || 309
+|b) Staff || 613 || 601 || 591
 |-
-| Correspondent Banks || 196 || 222 || 246 || 250 || 278 || 333
+|Correspondent Banks || 390 || 395 || 386
 |-
-|Total Branches (in numbers) || 24 || 28 || 30 || 35 || 42 || 52
+|Total Branches (in numbers) || 123 || 130 || 131
 |-
-| a) Domestic || 24 || 28 || 30 || 35 || 42 || 52
+|a) Domestic || 123 || 130 || 131
 |-
-| b) Overseas || - || - || - || - || - || -
+|b) Overseas || 0 || 0 || 0
 |-
-| Agricultural Credit ||  ||  ||  ||  ||  ||
+|Agriculture Credit
 |-
-| a) Loan Disbursed || 94 || 52 || 18 || 27 || 36 || 95
+|Loan Disbursed || 4886 || 4735 || 7148
 |-
-| b) Realised || 12 || 82 || 55 || 125 || 152 || 298
+|Realised || 4519 || 4334 || 6549
 |-
-|Industrial Credit ||  ||  ||  ||  ||  ||
+|Industrial Credit
 |-
-| a) Loan Disbursed || 9956 || 7556 || 10357 || 13369 || 15186 || 21318
+|Loan Disbursed || 78327 || 78572 || 93756
 |-
-| b) Realsied || 7811 || 5786 || 9190 || 13450 || 14200 || 25355
+|Realsied || 61046 || 64850 || 71634
 |-
-|Loan Outstanding by Sector ||  ||  ||  ||  ||  ||
+|Loan Outstanding by Sector
 |-
-| a) Agriculture and Fisheries || 133 || 45 || 107 || 16 || 45 || 1206
+|Agriculture and Fisheries and Forestry || 3335 || 3736 || 4335
 |-
-| b) Industry || 1696 || 4618 || 6996 || 9826 || 13242 || 18803
+|Industry || 59931 || 65506 || 81550
 |-
-| c) Trade and Commerce || 11592 || 13695 || 16475 || 19732 || 24866 || 31115
+|Trade and Commerce || 110875 || 120769 || 140888
 |-
-| d) Poverty Reduction || - || - || - || - || - || -
+|Poverty Reduction || 0 || 0 || 0
+|-
+|CSR || 615 || 798 || 819
 |}
-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]
+''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.
+Exim Bank operates Current Deposit Scheme, Savings Deposit Scheme, Long-term and Short-term Deposit Scheme, Monthly Income Scheme, Monthly Savings Scheme, Super Savings Scheme, Multi-plus 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 foot over 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.
+In 2019, bank deposits accounted for 2.8 per cent of total banking sector deposits and loans and advances accounted for 3.1 per cent of total banking sector loans and advances. The average interest rate differential between June 2019 based deposits and loans and advances was 3.0 percent.  [Muhammad Abdul Mazid]
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