Al-Arafah Bank achieves 182.56pc growth in profit in last six months
FE Report | Wednesday, 23 July 2008
The 29th branch managers' conference of Al-Arafah Islami Bank Limited (AIBL) was held at a city hotel recently.
AIBL board of directors Chairman Md Anowar Hossain inaugurated the conference as the chief guest.
AIBL board of directors members Nazmul Ahsan Khaled, Abdul Malek Mollah, Kazi Mofizur Rahman and Kh Mesbah Uddin Ahmed spoke on the occasion.
Chaired by AIBL Managing Director MA Samad Sheikh, the conference was attended, among others, by directors Md Harun-ar-Rashid Khan and Hafez Md Enayetullah, and Additional Managing Director ATM Harun Ur Rashid Chowdhury.
Executives, officers and employees of the bank were also present on the occasion.
A total of 46 branch managers of the bank took part in the conference.
The AIBL chairman said the bank introduced online banking from May last to make banking service easy, sound and effective.
As a result, quality of service and volume of transaction of the bank have already improved, he said.
During the last six months, the bank has achieved a growth of 182.56 per cent in profit, 42.26 per cent in deposit, 37.21 per cent in investment, 32.02 per cent in import and 43.48 per cent in export sector, he added.
During the period the bank was able to reduce its classified investment, which stood at 2.75 per cent at the end of June 30 last, the chairman said.
A large portion of investments of the bank is being invested in small and medium enterprises (SME) sector, he mentioned.
AIBL board of directors Chairman Md Anowar Hossain inaugurated the conference as the chief guest.
AIBL board of directors members Nazmul Ahsan Khaled, Abdul Malek Mollah, Kazi Mofizur Rahman and Kh Mesbah Uddin Ahmed spoke on the occasion.
Chaired by AIBL Managing Director MA Samad Sheikh, the conference was attended, among others, by directors Md Harun-ar-Rashid Khan and Hafez Md Enayetullah, and Additional Managing Director ATM Harun Ur Rashid Chowdhury.
Executives, officers and employees of the bank were also present on the occasion.
A total of 46 branch managers of the bank took part in the conference.
The AIBL chairman said the bank introduced online banking from May last to make banking service easy, sound and effective.
As a result, quality of service and volume of transaction of the bank have already improved, he said.
During the last six months, the bank has achieved a growth of 182.56 per cent in profit, 42.26 per cent in deposit, 37.21 per cent in investment, 32.02 per cent in import and 43.48 per cent in export sector, he added.
During the period the bank was able to reduce its classified investment, which stood at 2.75 per cent at the end of June 30 last, the chairman said.
A large portion of investments of the bank is being invested in small and medium enterprises (SME) sector, he mentioned.