The New Nation - Internet Edition

Business Report

The 92nd meeting of the Board of Directors of Dutch-Bangia Bank Limited was held at the Bank's Board Room, on Wednesday. The meeting approved the half yearly provisional and un-audited Financial Statements - 2009.

Abedur Rashid Khan, Chairman of the Board of Directors presided over the meeting while other concerned officials of DBBL were present

The half yearly provisional and un-audited Financial Statements as on June 30, 2009, were discussed and reviewed in the meeting. During the first half of the current year, the Bank earned an operating profit of Tk. 902.24 million as against the corresponding figure of Tk. 1,089.14 million and the net profit after provision and tax is Tk. 493.65 million as against the corresponding figure of Tk. 457.83 million of the previous year.

Total deposit of the Bank stood at Tk. 60,184.38 million on June 30 as against the corresponding figure of Tk. 45,366.46 million of the previous year and loans and advances stood at Tk. 40,485.21 million as against the corresponding figure of Tk. 39,311.19 million of the previous year indicating a growth rate of 32.66% and 2.99% respectively.

Capital Adequacy Ratio (CAR) as on June 30, 2009 stood at 12.65% as against Bangladesh Bank's minimum requirement of 10%.