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Rupali Bank sees progress

FE Report | May 14, 2014 00:00:00


Rupali Bank Ltd has achieved expected business success in almost all business areas in 2013 in sync with the previous year.

"It happened thanks to the timely directions of the bank's board of directors, effective measures and planning of the managing director and collective efforts of the officials and employees at all stages," Ahmed Al Kabir, chairman of Rupali Bank Ltd said in a statement.

He said all stakeholders of the bank should work unitedly to reap better results in near future.

The bank's deposit growth rate is 30.27 per cent in 2013.

The bank's loan and advance growth rate was 26.18 per cent in 2010, 15.86 per cent in 2011, 18.45 per cent in 2012 and 18.52 per cent in 2013.

Thanks to the continuous effort, a record classified loan worth Tk 22.40 billion was collected in 2013.

The growth rate of the bank's import business in 2010 was 139.12 per cent, which was 14.96 per cent in 2011, (-)34.87 per cent in 2012 and 44.46 per cent in 2013.

The bank's export trade growth was 17.19 per cent in 2013.

The bank's inward foreign remittance in the years 2009, 2010, 2011, 2012 and 2013 was Tk 22.7 billion, Tk 19.85 billion, Tk 21.14 billion, Tk 24.76 billion and Tk 24.28 billion respectively.

 As the number of the bank's exchange companies rose, remittance collection and distribution from different countries especially the Middle East ones became easier. The number of the remittance senders from different countries also increased. At present, the bank's has remittance-transfer system with 24 renowned exchange companies of the world.

Rupali Bank has now 532 branches across the country, though there were no new branches before 2011. About 1300 officers were appointed and more 500 senior officers will be appointed soon.


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