Dhaka Bank Limited

Dhaka Bank Limited was incorporated as a public limited company under the Companies Act. 1994. The Bank started its commercial operation on July 05, 1995 with an authorised capital of Tk. 1,000 million and paid up capital of Tk. 100 million. The paid up capital of the Bank stood at Tk 2,659,597,763 as on March 31, 2010. The total equity (capital and reserves) of the Bank as on March 31, 2010 stood at Tk 6,036,368,754. The Bank has 52 Branches, 6 SME Service Centers, 6 CMS Units, 1 Offshore Banking Unit across the country and a wide network of correspondents all over the world.

The Bank offers the full range of banking and investment services for personal and corporate customers, backed by the state–of–the-art technology and a team of highly motivated professionals. As an integral part of their commitment to Excellence in Banking, Dhaka Bank now offers the full range of real-time online banking services through its all Branches, ATMs and Internet Banking Channels.

In addition to all sorts of traditional banking activities, Dhaka Bank provides on-line tele-banking services and a comprehensive range of financial services to national and multinational companies in the country. It also underwrites shares and debentures, works as issue manager, and participates in other operations in money market and capital market. As a member of the Dhaka and Chittagong stock exchanges, the bank participates in the day-to-day transactions of the stock exchanges.

Dhaka Bank Ltd. is the preferred choice in banking for friendly and personalized services, cutting edge technology, tailored solutions for business needs, global reach in trade and commerce and high yield on investments. Dhaka Bank has few specialised products and services in the areas like Securitisation of Assets, Finance and Advisory services, Syndication of Funds and SME banking. Dhaka Bank SME Unit has been working in close collaboration with the USAID, the South Asia Enterprise Development Facility (SEDF) an International Finance Corporation (IFC) managed multi donor facility and the World Bank.

Table Basic facts and economic indicators (in million Taka)

Indicators

2004

2005

2006

2007

2008

2009

Authorised Capital

1000

2650

6000

Paid up Capital

664

1228

1289

1547

1934

2128

Reserved Fund

824

988

1262

1181

2065

2838

Deposits

22576

28439

41554

48731

56986

60918

a) Call Deposits

3313

4332

5568

6779

8054

7960

b) Term Deposits

19263

24107

35986

41952

48932

52958

Loans and Advance

16539

23372

34049

39972

49698

52910

Investment

3078

3926

6133

5972

7239

8660

Total Asset

28178

33072

48142

57443

71137

77767

Total Income

2659

3636

5457

7218

9100

9641

Total Expenditure

1912

2783

4264

5208

6567

6831

Foreign Currency Trading

38293

47422

87068

92265

116609

89251

a) Export

881

13505

23268

31081

39038

33305

b) Import

28048

30213

64277

49496

65737

46160

c) Remittance

1364

3704

17523

11688

11834

9786

Total Manpower

613

688

786

841

898

924

a) Officers

511

591

690

745

806

834

b) Staff

102

97

96

92

90

Correspondents Banks

415

406

350

Total Branches (in numbers)

23

29

37

42

44

50

a) Domestic

23

29

37

42

44

50

b) Overseas

-

Agriculture Credit

Loan Disbursed

-

31

177

166

Realised

-

2

23

68

Industrial Credit

Loan Disbursed

10797

14025

2056

18269

17869

16505

Realsied

8154

8656

920

9443

13413

11289

Loan Outstanding by Sector

Agriculture and fiSheries

-

34

69

117

Industry

2107

4010

2154

11948

11837

12407

Trade and Commerce

6035

812

7474

7758

8278

10173

Poverty Reduction

-

9

11

- 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 2008-09. Management of the bank is vested in a 19-member board of directors that includes the chairman and a vice-chairman. The managing director is the Chief Executive of the bank. Three Deputy Managing Directors, one Senior Executive Vice President, one Executives Vice President, three Vice Presidents, two Senior Assistant Vice Presidents, one first Assistant Vice Presidents and one Senior Principal Officer assist him. [Muhammad Abdul Mazid] [Mazid, Muhammad Abdul former Secretary, Government of Bangladesh]