Bangladesh Development Bank Limited (BDBL) has registered Taka 81.19 crore profits in the first six months (January-June) of the current year.
The bank has witnessed 24 per cent growth in profit in the period than the previous year, although most of the state-owned banks faced fall in profit. The BDBL made profit of Taka 65.44 crore in the same period of the previous year.
Talking to BSS, Dr M Zillur Rahman, Managing Director of BDBL, said expanded treasury activities along with general banking and foreign commerce have boosted the profit of the bank.
He informed the bank is now financing in SME and agriculture sectors.
Meanwhile, the BDBL has signed four agreements regarding refinancing fund with the Bangladesh Bank, which has allowed the bank for refinancing of Taka 25 crore in bank rate, added Rahman.
At present, the bank has no provision deficit and it has Taka 1,150 crore reserved capital against the necessary capital of Taka 400 crore.
