The 11th Annual General Meeting (AGM) of NRBC Bank was held. Shareholders approved 11 percent cash dividend for 2023 at the AGM.
The meeting approved last year’s audited financial report, directors’ report, appointment or re-appointment of directors and independent directors and appointment of auditors.
Directors, entrepreneurs and shareholders participated in the meeting held in hybrid mode on Thursday (June 13) under the chairmanship of SM Parvez Tamal, chairman of the bank, in person and online platform.
In the meeting NRBC Bank Vice Chairman Rafiqul Islam Mia Arzu, Director Mohammad Adnan Imam, AM Saidur Rahman, Mohammad Oliur Rahman, Abu Bakr Chowdhury, Lockyat Ullah, Mohammad Nazim, AKM Mostafizur Rahman, Independent Director Air Chief Marshal (Retd) Abu Esrar, Dr. Khan Mohammad Abdul Mannan, Dr. Rad Mojib Lalon, Managing Director (ongoing duty) Md. Rabiul Islam, DMD and CFO Harunur Rashid and Company Secretary Ahsan Habib and others were present.
According to the financial report, bank deposits increased by 9 percent to Tk 17,567 crore at the end of December 2023. The previous year which was 16 thousand 115 crores. The loan amount increased from Tk 13 thousand 617 crore to Tk 14 thousand 509 crore. Loan growth has been 7 percent. The operating profit at the end of the year was Tk 356 crore and the net profit was Tk 185 crore. Earnings per share (EPS) stood at 2.23 paise.
Besides, last year the bank imported 3 thousand 914 crores and exported 3 thousand 192 crores. And the remittance received is 7 thousand 327 crores.
Thanking all the directors, shareholders, customers and investors who participated in the AGM, Chairman SM Parvez Tamal said, NRBC Bank is working to create new entrepreneurs. In this case, women, trained youth and backward groups of the society are working for the purpose of employment. In the meantime, loans are being given on easy terms without collateral to develop trained youth as entrepreneurs from the Department of Youth Development. Programs like micro-credit have been taken to reduce migration of people to cities and to free them from moneylender interest.
He also said that about 86 thousand small entrepreneurs have joined with this initiative praised by NRBC Bank.
He also said that NRBC Bank’s network with advanced technology extends to remote areas. As a result, common people are getting bank services close to their homes. Again through the Planet app, you can do ‘real time banking’ at home. Besides, banks are providing services based on the needs of common people.
Managing Director (on duty) Md. Rabiul Islam said, compared to contemporary banks, NRBC Bank is ahead in all financial indicators. Development of rural economy is the main goal of the bank. Most of the sub-branches and other service centers are for those living in rural or remote areas. Along with ensuring transparency and accountability, customer service using advanced technology will continue in the future as well.
The number of service centers of NRBC Bank, the promoter of the sub-branch concept, is about one and a half thousand. Among them, there are 106 full branches and 690 sub-branches. NRBC Bank collecting BRTA fees, land registration fees. Besides, around 600 agent points are providing technology-based banking services in remote areas. In 2021, the bank was registered in the capital market to ensure the participation of ordinary investors.
EAR/MKR/GKS
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