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)
|Paid up capital||429||429||1073||1226||1313||1622|
|(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|
|Foreign Currency Trading||12888||18277||29304||38688||52094||70750|
|Total Branches (in numbers)||19||23||27||35||39||54|
|(a) Loan Disbursed||-||-||-||2152||3410||391|
|(a) Loan Disbursed||5041||3739||1942||5516||7113||21701|
|Loan Outstanding by Sector|
|(a) Agriculture and Fisheries||9||8||169||25||114||198|
|(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]