RAKUB infuses dynamism into agro-based economy

RAJSHAHI, Aug 29 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) has been infusing dynamism into the agro-based economy of the country's northwest region for the last couple of years.
The specialised state-owned commercial bank has been providing loans to the grassroots farmers to supplement the government efforts of making the country self-reliant in food production.
The board of directors of the bank revealed this while taking part in the 552nd board meeting with its chairman Roisul Alam Mondal in the chair.
RAKUB Managing Director Abdul Mannan and directors GSM Zafarullah, Sabirul Islam, Dr Abdul Hai Sarker, Nazrul Islam, Shah alam and Abdur Rouf joined the meeting held at RAKUB headquarters.
Through its 383 branches at present, RAKUB has been operating its activities as the largest development partner in all the 16 northwest districts of Rajshahi and Rangpur divisions targeting the agricultural sector and all its sub-sectors.
As the largest development partner in agriculture as well as agro-based industrial sector of northwest Bangladesh, currently, the bank has adopted the effective work plan which is being implemented at the grassroots-level to attain all the targets within the stipulated time.
RAKUB has not only developed the agricultural sector in the country's northwest region but also played a vital role towards its industrialisation.
Abdul Mannan told the meeting that their bank has attained operational profit worth Tk 440.8 million (44.8 crore) in the last 2021-2022 financial year overcoming the loss of Tk 30.10 million (3.10 crore) incurred in the previous 2020-2021 fiscal year.
In addition to dropping neat losses of Tk 2.17 billion from Tk 2.76 billion in the last fiscal year they attained the profit as a result of painstaking efforts of all officers and employees under a strong monitoring cell.