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Jamuna Bank Limited


Jamuna Bank Limited is a commercial bank in the private sector. It was registered as Banking Company under the Companies Act, 1994 on 2 April 2001. It started its operation on 3 June with an authorised capital of taka 16 hundred million divided into 5 million general shares of Tk100 each. At the initial stage the entire 390 million taka were its authorised capital and paid by the sponsor shareholders.

The bank conducts all types of commercial banking activities including deposit taking, providing loans, foreign trade and project financing. Since its inception the Bank participated in foreign exchange business and foreign trade. In 2010, the Bank has correspondent relationships with 728 locations of 207 world reputed Banks throughout the world. To make the capital structure reasonable for the implementation of the directives concerning capital formation under BASEL-2, the appointment of a high-powered implementation committee is a remarkable job of Jamuna Bank. At this it will be possible for Jamuna Bank to ascertain the fixation of its capital at the level as specified by Bangladesh Bank. Jamuna Bank is continuing its activities on the basis of preservation of the value of assets, sufficiency of capital, appreciating qualities of assets, expert management, satisfactory income and liquidity. It started online banking services in 2005 to provide customer services swiftly and in a very minute moment. The Bank has established 82 ATM booths and introduced direct debit card, restricted credit card, Tele banking, Internet banking and SMS banking. With import and export financing, Jamuna Bank gives long and short-term loan to trade and commerce, large and medium scale and maximum loan to current assets.

Jamuna bank operates Marriage Deposit Scheme, Lakhpati Deposit Scheme, Millionaire Deposit Scheme, Kotipati Deposit Scheme, Education Savings Scheme, Monthly Benefit Scheme, Monthly Savings Scheme and Double Growth Deposit Scheme. Jamuna Bank Limited is the pioneer in this sector and termed the contribution simply as 'social responsiblity'. As a part of its social responsibility Jamuna Bank gives awards to the poor meritorious students and takes responsibility in prosecution of their studies. The other parts of its social responsibility are to take programmes for donation of blood and the treatment of eye free of cost.

Basic facts and economic indicators (in million Taka)

Indicators 2004 2005 2006 2007 2008 2009
Authorised capital 1600 1600 1600 4000 4000 4000
Paid up capital 429 429 1073 1226 1313 1622
Reserved Fund 246 488 629 647 1131 2376
Deposits 10265 14454 17285 20924 27308 42356
(a) Call Deposits 868 1765 2397 3159 3952 5642
(b) Term Deposits 9397 12689 14888 17765 23356 36714
Loans and Advance 6723 11012 12797 16617 21037 32288
Investment 1164 2038 2553 4239 5390 8503
Total Asset 16395 16864 20157 26405 31647 48731
Total income 1397 1727 2750 3103 4075 5817
Total Expenditure 1089 1307 2049 2279 3034 3903
Foreign Currency Trading 12888 18277 29304 38688 52094 70750
(a) Export 4791 6522 11584 13990 18617 21407
(b) Import 7923 11152 15458 22192 30312 46685
(c) Remittance 174 603 2262 2506 3165 2658
Total Manpower: 438 525 670 861 938 1215
(a) Officers 360 419 524 686 742 951
(b) Staff 78 106 146 175 196 264
Correspondents Banks 96 390 630 715 715 730
Total Branches (in numbers) 19 23 27 35 39 54
(a) Domestic 19 23 27 35 39 54
(b) Overseas - - - -
Agriculture Credit:
(a) Loan Disbursed - - - 2152 3410 391
(b) Realised - - - 1391 2243 171
Industrial Credit:
(a) Loan Disbursed 5041 3739 1942 5516 7113 21701
(b) Realsied 2574 1739 783 3308 4863 12273
Loan Outstanding by Sector
(a) Agriculture and Fisheries 9 8 169 25 114 198
(b) Industry 404 1699 2092 3194 3711 6789
(c) Trade and Commerce 3790 5866 6038 8607 9806 14025
(c) Poverty Reduction - - - 18

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.

A 13-member board of directors governs the overall affairs of the bank. The chief executive of the bank is managing director. Its Head Office at Chini Shilpa Bhaban, 3 Dilkusha C/A, Dhaka-1000. [Md Ashik Iqbal]