The New Nation - Internet Edition

BUSINESS REPORT

The 81st meeting of the Board of Directors of Dutch-Bangla Bank Limited was held at the bank's Board Room, Head Office in the city on July 9.

The Board approved the half yearly provisional un-audited financial statements-2008.

The meeting was presided over by Abul Hasnat Md Rashidul Islam, Chairman of the Board of Directors.

All the Directors including the Independent Director Prof Dr Irshad Kamal Khan attended the meeting. At present, Prof Khan is the Chairman of the Department of Economics, University of Chittagong and he is also the Vice President of Bangladesh Economic Association.

Among others, the half yearly provisional un-audited financial statements as on June 30, 2008, were discussed in the meeting. During the first half of the current year, the bank earned an operating profit of Tk 1,089.14 million as against the corresponding figure of Tk 675.42 million of the previous year showing a growth rate of 61.26 per cent.

The net profit after provision and tax is Tk 462.68 million. As on June 30, 2008, total deposit of the bank stood at Tk 45,366.46 million as against the corresponding figure of Tk 43,342.75 million of the previous year and loans and advances stood at Tk 39,311.19 million as against the corresponding figure of Tk 32,933.17 million of the previous year marking a growth rate of 4.67 per cent and 19.37 per cent respectively.

Capital Adequacy Ratio (CAR) as on June 30, 2008 stood at 10.30 per cent as against Bangladesh Bank's minimum requirement of 10 per cent.