A New Nation Report :
Agrani Bank has emerged to be number one among all nationalised commercial banks and second among all banks in respect of fetching foreign remittance in Bangladesh. In forty-two years of operation of banking services, Agrani Bank has succeeded in proving its worth as the second largest bank in the country.
Agrani Bank’s deposits have increased from Taka 96 crore in 1972 to Taka 38392 crore in 2014, loans and advances have increased from Taka 77 crore in 1972 to Taka 23509 crore in 2014, foreign remittance has increased from nought in 1972 to Taka 12,980 crore in 2014, operating profit has increased from Taka one crore in 1972 to Taka 1074 crore in 2014, equity has increased from Taka one crore in 1972 to Taka 3957 crore in 2014 and its total assets have increased from Taka 137 crore in 1972 to Taka 49487 crore in 2014. The success is really incredible.
During the last five years, Agrani Bank performed very well in respect of remittance.
Its remittance increased from Taka 7,097 crore in 2010 to 8,682 crore in 2011, Taka 11,681 crore in 2012, Taka 12,657 crore in 2013 and Taka 12,980 crore in 2014 at the rate of one thousand crore on an average a year. “We made good efforts to increase remittance through expansion of overseas banking network,” said a senior official of Agrani bank while talking to this correspondent in the morning on October 28 (Wednesday).
The number of employees and branch network of Agrani Bank have steadily increased. The bank had a workforce of 11, 900 employees working in 867 branches in 2010.
The number of employees and branches increased to 12,085 in 876 branches in 2011, 13,890 employees in 889 branches in 2012, 14,005 employees in 899 branches in 2013 and in 2014 the number of employees came down to 13,414 in 921 branches. At the moment, branch-employee ratio of Agrani Bank is 1:14 plus.
“We are number one among state-owned commercial banks and second only to Islami Bank Bangladesh in respect of foreign remittance in Bangladesh,” said Syed Abdul Hamid, the Managing Director and CEO of Agrani Bank while talking to this correspondent in the morning on November 26 (Thursday) last.
Asked why local banks lag behind Standard Chartered Bank in respect of earning profit and paying taxes to public exchequer, he said, “There are several reasons behind this. Their deposit cost is less than three per cent and our deposit cost is above seven per cent. Multinational companies keep their funds in their current account for which they do not have to pay any interest. Their administrative cost is much less compared with ours. Their number of branches and employees is fewer compared to ours.”
Agrani Bank has emerged to be number one among all nationalised commercial banks and second among all banks in respect of fetching foreign remittance in Bangladesh. In forty-two years of operation of banking services, Agrani Bank has succeeded in proving its worth as the second largest bank in the country.
Agrani Bank’s deposits have increased from Taka 96 crore in 1972 to Taka 38392 crore in 2014, loans and advances have increased from Taka 77 crore in 1972 to Taka 23509 crore in 2014, foreign remittance has increased from nought in 1972 to Taka 12,980 crore in 2014, operating profit has increased from Taka one crore in 1972 to Taka 1074 crore in 2014, equity has increased from Taka one crore in 1972 to Taka 3957 crore in 2014 and its total assets have increased from Taka 137 crore in 1972 to Taka 49487 crore in 2014. The success is really incredible.
During the last five years, Agrani Bank performed very well in respect of remittance.
Its remittance increased from Taka 7,097 crore in 2010 to 8,682 crore in 2011, Taka 11,681 crore in 2012, Taka 12,657 crore in 2013 and Taka 12,980 crore in 2014 at the rate of one thousand crore on an average a year. “We made good efforts to increase remittance through expansion of overseas banking network,” said a senior official of Agrani bank while talking to this correspondent in the morning on October 28 (Wednesday).
The number of employees and branch network of Agrani Bank have steadily increased. The bank had a workforce of 11, 900 employees working in 867 branches in 2010.
The number of employees and branches increased to 12,085 in 876 branches in 2011, 13,890 employees in 889 branches in 2012, 14,005 employees in 899 branches in 2013 and in 2014 the number of employees came down to 13,414 in 921 branches. At the moment, branch-employee ratio of Agrani Bank is 1:14 plus.
“We are number one among state-owned commercial banks and second only to Islami Bank Bangladesh in respect of foreign remittance in Bangladesh,” said Syed Abdul Hamid, the Managing Director and CEO of Agrani Bank while talking to this correspondent in the morning on November 26 (Thursday) last.
Asked why local banks lag behind Standard Chartered Bank in respect of earning profit and paying taxes to public exchequer, he said, “There are several reasons behind this. Their deposit cost is less than three per cent and our deposit cost is above seven per cent. Multinational companies keep their funds in their current account for which they do not have to pay any interest. Their administrative cost is much less compared with ours. Their number of branches and employees is fewer compared to ours.”
