Rupali Bank takes step for dev: Chairman
Tuesday, 5 April 2011
Md Mazadul Hoque
Rupali Bank Limited has taken a number of initiatives targeting overall development of the bank aiming to emerging as one of the fast growing banks of the country within this year, a high official said. Chairman of the bank Ahmed-Al-Kabir told the FE recently that the bank would be one of the first growing banks of the country by the end of 2011 by implementing the initiatives that has been chalked out. Classified loans have been decreased by 12 per cent showing positive sign up to February 2011 and it is expected that the classified loans would come to at zero level by December this year, the chairman mentioned. Mr Kabir added that the bank's cumulative loss up to 2009 was Tk 12 billion which stood at zero at the end of 2010 due mainly to development initiatives. A total of 58 branches out of 492 were the loss incurring branches in 2009 which had come to 22 in 2010 due to our positive steps, Mr Kabir said. The chairman told the FE that a total of 60 branches of the bank would be turned into corporate branches within six months which was only seven now. We are also going to open 108 more branches with all types of modern banking facilities across the country by December this year with a view to serving our customers, Mr Kabir pointed out. Our loan products titled 'Shahaj, Shulov, Baboshayee and Majhari under small and medium enterprises (SMEs) are very much unique from where the clients get loans easily. We have also taken initiatives to bring all branches under online banking facilities and we are going to invite tenders in this connection very soon. We are going to introduce online banking so that customers from all branches could get smooth and quality services, the chairman said.
Rupali Bank Limited has taken a number of initiatives targeting overall development of the bank aiming to emerging as one of the fast growing banks of the country within this year, a high official said. Chairman of the bank Ahmed-Al-Kabir told the FE recently that the bank would be one of the first growing banks of the country by the end of 2011 by implementing the initiatives that has been chalked out. Classified loans have been decreased by 12 per cent showing positive sign up to February 2011 and it is expected that the classified loans would come to at zero level by December this year, the chairman mentioned. Mr Kabir added that the bank's cumulative loss up to 2009 was Tk 12 billion which stood at zero at the end of 2010 due mainly to development initiatives. A total of 58 branches out of 492 were the loss incurring branches in 2009 which had come to 22 in 2010 due to our positive steps, Mr Kabir said. The chairman told the FE that a total of 60 branches of the bank would be turned into corporate branches within six months which was only seven now. We are also going to open 108 more branches with all types of modern banking facilities across the country by December this year with a view to serving our customers, Mr Kabir pointed out. Our loan products titled 'Shahaj, Shulov, Baboshayee and Majhari under small and medium enterprises (SMEs) are very much unique from where the clients get loans easily. We have also taken initiatives to bring all branches under online banking facilities and we are going to invite tenders in this connection very soon. We are going to introduce online banking so that customers from all branches could get smooth and quality services, the chairman said.