The New Nation - Internet Edition

BUSINESS REPORT

The Branch Managers' Conference-2008 of Karmasangsthan Bank was held in the BIAM auditorium in the city on Saturday.

Chairman of the bank's board of directors and Secretary to the government Md Sirajul Islam attended the meeting as the chief guest while Md Humayun Kabir, managing director of the bank, chaired the meeting.

Director of the board of directors Mohammed Ali Khan, Director General, NGO Affairs Bureau ATM Nasiruddin, and the executive director of the Bangladesh Bank also spoke on the occasion.

The meeting reviewed the bank's activities during the financial year 2007-2008 and adopted an action plan for the financial year 2008-2009.

During the period of July 2007-June 2008 the bank disbursed Tk 1.0810 billion (Tk 108.10 crore) and recovered Tk 904.3 million though its 103 branches.

Since its inception, the bank disbursed Tk 4.6764 billion among the 1,22,467 borrowers for setting up poultry, fishery, dairy, small trading, nursery and argo-based projects and created jobs for approximately 3,97,925 persons.

The bank earned an operative profit of Tk 79.6 million during the year. The rate of growth stood at 44 per cent.