NRBC Bank holds 9th AGM

 
9th Annual General Meeting (AGM) of NRBC Bank Limited was held on Thursday, the 2nd June 2022 at 11:00 am through digital platform `Zoom'. Mr. Parvez Tamal , the Honorable Chairman of the Board of Directors presided over the meeting. All Directors, Sponsors, a large number of Shareholders and External Auditor of the Bank attended the meeting on virtual platform. Bank's Vice Chairman Rafikul Islam Mia Arzoo, Directors Mohammed Adnan Imam, A M Saidur Rahman, Mohammed Oliur Rahman, Abu Bakr Chowdhury, Loquit Ullah, Mohammed Nazim, AKM Mostafizur Rahman, Independent Directors Air Chief Marshal Abu Esrar (Retd), Dr. Khan Mohammad Abdul Mannan and Raad Mozib Lalon, Phd, Managing Director & CEO Golam Awlia, AMD Kazi Md. Talha, DMD & CFO Harunur Rashid and Company Secretary Md. Reaz Uddin Asif attended the meeting.

Bank's Chairman S M Parvez Tamal presented the Annual Report 2021 of the Bank and Directors Report before the Honorable Shareholders. It is worth mentioning that the Shareholders present in the AGM unanimously approved all agenda including 7.5% stock and 7.5% cash dividend for the year 2021. According to the Audited Financial statement, NRBC Bank experienced tremendous growth in all financial parameters in 2021 amid Corona Virus pandemic situation and others global crisis. The bank has gone for expansion of network and banking services during corona pandemic. Emphasis was given on disbursement of loans and advances in Islamic banking and microcredit beside the conventional banking. As a result, the total loan disbursement has increased 40.17%. The total loans disbursed at December 2021 is Tk 10 thousand 490 crore which was Tk 7 thousand 483 crore at the same time of last year. Besides, the deposit collection has increased 27% and Present deposit of the bank stands at Tk 12 thousand 82 crore . Bank's net profit after tax stood Tk 208 crore at the end of December 2021, during the same period in 2020, its net profit was Tk134 crore.  The consolidated Earnings Per Share (EPS) of the Bank rose to BDT 2.83 in 2021 from BDT 2.31 in 2020. The net asset value (NAV) per share on a consolidated basis at the end of December 2021 stood at BDT 16.25, compared to BDT 16.96 at the end of December 2020.   

NRB Commercial Bank is operating with a vision of expanding banking service with utmost sincerity to the peripheral community to nurture budding entrepreneurs and strengthening local economy. For rapid economic transformation, abundant employments are also need to be created for lower income people across the country by using it sophisticated it based country wise network. As recognition of innovative and inclusive banking for people, NRB Commercial Bank received South Asian Business Excellence Award, RTV Krishi Award among others. Besides, NRBC Bank has been recognized as `Humanitarian Bank' through continuing banking services and its CSR activities during the corona virus pandemic by the mass media.      
Addressing the AGM, the Bank's Chairman expressed his gratitude to the shareholders, customers, stakeholders and management for their continuous support to the company and He said, NRBC Bank is working for the people of the rural area.  The Bank has been disbursing loans without mortgage through branches and sub-branches for the betterment of marginalized people observing all compliances. He said, more than Tk. 1000 crore of loan among 26000 people have been distributed under microcredit.  Prime Minister Sheikh Hasina is working to implement `Sonar Bangla' the dream of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. We are connected to the various development works of the government.  We started our work with SKS Foundation, the largest NGO of the country's northern region.

We have started working jointly with the global donor organization OXFAM. We hope, NRBC Bank will become a trusted partner of the people. We are working towards that goal through good governance and accountability by using technology.

The Managing Director Golam Awlia said, NRBC Bank, the dream of expatriate entrepreneurs has now become a bank for rural people. It is a bank of development and government partnership. NRBC Bank is working to create employment and new entrepreneurs through financing.   

 NRBC Bank, the dream company of 53 NRBs, was established in 2013 and the Bank was listed on the Dhaka Stock Exchange in 2021. Sub-Branches are being opened across the country to provide banking services to the people in the remotest of areas. In order to create employments among the rural community, the Bank is engaged itself into micro credit with low interest rate. NRBC Bank operates through 93 branches and 857 sub-branches across the country using the cutting edge technology.  The bank is also providing services through BRTA collection booths, rural electricity bill collection booths, booths at the land registration office and bill collection booths at DPDC and DESCO. Besides, the bank has 596 agent points across the country.