Automation, CSR lead DBBL to become top commercial bank
Monday, 17 March 2008
FE Report
Dutch-Bangla Bank Limited (DBBL) remains the top commercial bank in the country as far as automation and corporate social responsibility (CSR) are concerned.
"We have already invested Tk 1.0 billion in the banking automation and it is the highest amount invested by any commercial bank in the country," a top official of the bank told the FE.
Clients are enjoying the online facilities in all the 49 branches of the bank.
"In addition, we have arrangement with 9 other commercial banks to share automated teller machines (ATM) involving a huge number of customers to avail of the facility," the DBBL executive said.
The Bank has installed 250 ATMs and 700 point of sale terminals (POSTs) to cater the needs of customers at their doorsteps.
The DBBL, a leading second generation private commercial bank will further strengthen its automation service as it feels that efficiency and productivity could be enhanced many times with the installation of state-of-the-art banking technology.
The Bank, also a pioneer in promoting the CSR activities in the country has so far invested Tk 900 million in CSR activities.
The Bank has set up the Dutch-Bangla Bank Foundation for carrying out social and philanthropic activities and 5 per cent of the Bank's annual operating profit is earmarked for CSR activities.
'DBBL Centre for Advanced Research in Arts and Social Sciences' in the Dhaka University, now being constructed is the latest example of the Bank's involvement in the CSR.
"We have already donated Tk 97.3 million to establish the Centre in the Dhaka University to help creation of skilled human resource in the country," another DBBL source added.
The bank, listed on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) earned an operating profit of tk 675.42 million in six months at the end of June,2007 showing a 13.64 per cent rise against the corresponding period in 2006.
During the six months period between January to June of 2007, the bank earned a total revenue of tk 3,096.24 million against interest cost of tk 1,890.61 million and operating expenses of tk 530.21 million.
The deposits rose to Tk 43,342.75 million at the end of June, 2007 recording a 28.51 per cent rise over 2006.
"Our bank recognises the social needs for supporting medium and small enterprises to contribute to the growth of national economy," managing director of the bank Md Yeasin Ali said in the latest half-yearly report.
He said the bank has made substantive investment in capacity building in human resource and distribution network to deliver better and faster services to the doorsteps of the customers.
"In our Bank, corporate governance system is designed in a way to ensure transparency and accountability at all levels of business operations with appropriate internal control and segregation of duties and responsibilities," the MD of the Bank said.
The DBBL concentrated in financing SMEs, mostly in backward linkage industries.
The DBBL also participated in equity to the tune of Tk 360 million in the establishment of United Hospital Limited, a leading private hospital in the country.
The bank was established under a joint venture between Bangladesh and the Netherlands to start business in 1995.
The per share of the DBBL closed at Tk 13440.75 on the DSE Sunday.
The Bank will hold its next annual general meeting on April 17 next and the record date is March 23.
The bank has already recommended stock dividend at the rate of 3.94719 against one share for the shareholders for the year ended December 31,2007.
Dutch-Bangla Bank Limited (DBBL) remains the top commercial bank in the country as far as automation and corporate social responsibility (CSR) are concerned.
"We have already invested Tk 1.0 billion in the banking automation and it is the highest amount invested by any commercial bank in the country," a top official of the bank told the FE.
Clients are enjoying the online facilities in all the 49 branches of the bank.
"In addition, we have arrangement with 9 other commercial banks to share automated teller machines (ATM) involving a huge number of customers to avail of the facility," the DBBL executive said.
The Bank has installed 250 ATMs and 700 point of sale terminals (POSTs) to cater the needs of customers at their doorsteps.
The DBBL, a leading second generation private commercial bank will further strengthen its automation service as it feels that efficiency and productivity could be enhanced many times with the installation of state-of-the-art banking technology.
The Bank, also a pioneer in promoting the CSR activities in the country has so far invested Tk 900 million in CSR activities.
The Bank has set up the Dutch-Bangla Bank Foundation for carrying out social and philanthropic activities and 5 per cent of the Bank's annual operating profit is earmarked for CSR activities.
'DBBL Centre for Advanced Research in Arts and Social Sciences' in the Dhaka University, now being constructed is the latest example of the Bank's involvement in the CSR.
"We have already donated Tk 97.3 million to establish the Centre in the Dhaka University to help creation of skilled human resource in the country," another DBBL source added.
The bank, listed on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) earned an operating profit of tk 675.42 million in six months at the end of June,2007 showing a 13.64 per cent rise against the corresponding period in 2006.
During the six months period between January to June of 2007, the bank earned a total revenue of tk 3,096.24 million against interest cost of tk 1,890.61 million and operating expenses of tk 530.21 million.
The deposits rose to Tk 43,342.75 million at the end of June, 2007 recording a 28.51 per cent rise over 2006.
"Our bank recognises the social needs for supporting medium and small enterprises to contribute to the growth of national economy," managing director of the bank Md Yeasin Ali said in the latest half-yearly report.
He said the bank has made substantive investment in capacity building in human resource and distribution network to deliver better and faster services to the doorsteps of the customers.
"In our Bank, corporate governance system is designed in a way to ensure transparency and accountability at all levels of business operations with appropriate internal control and segregation of duties and responsibilities," the MD of the Bank said.
The DBBL concentrated in financing SMEs, mostly in backward linkage industries.
The DBBL also participated in equity to the tune of Tk 360 million in the establishment of United Hospital Limited, a leading private hospital in the country.
The bank was established under a joint venture between Bangladesh and the Netherlands to start business in 1995.
The per share of the DBBL closed at Tk 13440.75 on the DSE Sunday.
The Bank will hold its next annual general meeting on April 17 next and the record date is March 23.
The bank has already recommended stock dividend at the rate of 3.94719 against one share for the shareholders for the year ended December 31,2007.