NRB Bank Limited

NRB Bank Limited a fourth-generation private sector scheduled bank, incorporated as a public limited company formed by expatriate Bangladeshi investors under the company act, 1994 and got approval from Bangladesh Bank on 28 May 2013. It commenced banking operations on 4 August 2013 with authorized capital 10,000 million taka and paid-up capital 4,000 million taka. The management of the bank is vested in a 20-member board of directors.

Basic economic indicators of the NRB Bank Limited pertaining to the period from 2018 to June 2020 are placed in the chart below.

Basic facts and economic indicators (in million Taka)

Indicators 2018 2019 2020
Authorized Capital 10,000 10,000 10,000
Paid up Capital 4,320 4,666 4,666
Reserved Fund 934 462 1,446
Deposits 33,518 41,810 41,831
a) Call Deposits 10,061 12,351 14,035
b) Term Deposits 23,457 29,459 27,796
Loans and Advance 32,466 38,932 38,849
Investment 5,644 8,257 7,665
Total Asset 44,156 54,723 55,332
Total Income 4,607 5,517 5,635
Total Expenditure 3,697 4,592 4,582
Foreign Currency Trading
a) Export 3,904 5,270 3,990
b) Import 9,807 16,829 11,685
c) Remittance 1,742 2,911 1,194
Total Manpower 845 956 834
a) Officers 604 704 623
b) Staff 241 252 211
Correspondent Banks 9 9 8
Total Branches (in numbers) 40 46 46
a) Domestic 40 46 46
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 397 528 539
Realised 291 626 519
Industrial Credit
Loan disbursed 17,556 18,317 18,474
Realsied 16,436 17,379 19,096
Loan outstanding by Sector
Agriculture and Fisheries 964 366 481
Industry 5,996 5,378 7,154
Trade and Commerce 4,749 6,459 6,138
Poverty Reduction 0 0 0
CSR 22 11 42

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

In 2020, bank deposits accounted for 0.29 per cent of total banking sector deposits and loans and advances accounted for 0.33 per cent of total banking sector loans and advances. The average interest rate differential between June 2020 based deposits and loans and advances was 3.3 percent. [Muhammad Abdul Mazid]