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)
|Paid up capital||628||879||1714||2142||2678||3374|
|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 and Bonds)||1543||1633||2233||2458||2,894||2189|
|Foreign Currency Trading||49314||72940||96175||117899||156434||162605|
|Total Branches (in numbers)||24||28||30||35||42||52|
|a) Loan Disbursed||94||52||18||27||36||95|
|a) Loan Disbursed||9956||7556||10357||13369||15186||21318|
|Loan Outstanding by Sector|
|a) Agriculture and Fisheries||133||45||107||16||45||1206|
|c) Trade and Commerce||11592||13695||16475||19732||24866||-|
|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.
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]