FINANCIAL DUE DILIGENCE OF CANDIDATE PARTICIPATING FINANCIAL INSTITUTIONS (PFIs)
|
|
- Edgar Lawson
- 6 years ago
- Views:
Transcription
1 Second Small and Medium-Sized Enterprise Development Project (RRP BAN 36200) FINANCIAL DUE DILIGENCE OF CANDIDATE PARTICIPATING FINANCIAL INSTITUTIONS (PFIs) A. Bangladesh Bank Credit Rating of Selected Banks B. Summary Description of Candidate PFIs 1. Bangladesh Small Industries and Commerce (BASIC) Bank was established and incorporated in August 1988 as a banking company under the Companies Act 1993 and launched operations in January It is now governed by the Banking Companies Act 1991 upon enactment of the banking companies law and has been 100% government-owned since It is a blend of development and commercial banking, as the bank is obliged to invest 50% of loanable fund for the development of SME industries. The independent auditor for the bank s financial statement as on 31 December 2013 provided a qualified opinion and mentioned significant weakness in the bank s internal control. There were also lapses and irregularities in the first half of 2013 which were resolved after the signing of the memorandum of understanding
2 2 (MOU) with Bangladesh Bank (BB). 1 BASIC Bank has diversified products relating to small and medium enterprise (SME) development, commercial and trading activities. The bank has 68 branches throughout the country. CRAB has assigned a BBB1 stand-alone rating, and A2 as government support rating, with a short-term rating of ST-3 for year Bank Asia is a private commercial bank incorporated in September 1999 as a public limited company under the Companies Act 1994 and governed by the Banking Companies Act 1991, and obtained its banking license in October In 2001, the bank acquired the Bangladesh operations of the Bank of Nova Scotia Canada and, in 2002, acquired the Bangladesh operations of Muslim Commercial Bank Ltd (Pakistan). The bank went for public issue in September 2003 and it is listed in Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). Aside from its core banking activities, the bank also has Islamic banking, offshore banking, SME financing, among others. The bank has 91 branches, 5 SME centers and 97 automated teller machine (ATM) booths. In 2014, Bank Asia signed an agreement with SME Foundation, who will provide Tk30 million, a prefinancing for micro, small, and medium enterprise (MSME) of electric products manufacturing cluster at 9% interest rate. Bank Asia will extend collateral free loans up to Tk80 million. The bank has 3 subsidiary companies: Bank Asia Securities limited, BA Exchange Company (UK), and BA Express USA. Bank Asia also has an offshore banking unit at Chittagong Export Processing Zone. CRAB rated Bank Asia as AA3 the long-term and ST-2 rating in the short term in consideration of financials up to 31 December BRAC Bank was incorporated in May 1999, commenced commercial operations in July 2001, and underwent an IPO in Its paid up capital is Tk7,092 million against an authorized capital of Tk12,000 million at end of December Its shareholdings pattern include 44.6% by BRAC, one of the largest nongovernment organizations in the world, 43.47% by International Financing Corporation, and the balance by mutual funds, institutions & general public, and nonresident Bangladeshi. The bank offers a full range of banking and investment services for retail, corporate, and SME customers. BRAC Bank s Board has 8 members comprising 7 nonexecutive directors and one Managing Director and CEO. The Board is involved in policy formulations, strategic direction setting, business plan approval, review of various activities, providing direction to the management for conduct of its business as well as ensures effective risk management across the bank per BB s guidelines. BRAC Bank has a wide network of branches across the country. Its branches are divided in 3 categories: branches, SME/Krishi branches, and SME services centers. BRAC Bank s operations include 97 branches (54 in urban locations and 43 in rural locations), 69 SME and/or agribranches and/or service centers, 145 zonal offices and 563 SME unit offices. CRAB rated BRAC Bank AA2 in the long term and ST-2 rating in the short term in May The rating reflects the bank s strength in risk weighted capital adequacy, stable low cost deposit base as well as wide network of branches along with good brand value. BRAC Bank s net profit increased by 50% from Tk1,397 million in FY2013 to Tk2,092 in FY2014. Net interest income rose by 11% from Tk6,851 million in FY2013 to Tk7,602 million in FY2014 due to efficient utilization and management of funds. Capital adequacy is at 14.7%. 4. Dhaka Bank has the legal and institutional prerequisites to establish its initial eligibility. It is a private sector commercial bank focusing on corporate banking, retail banking, SME banking, and Islamic banking. The Board functions are relatively effective. There is an independent director to provide impartial oversight of the management performance. Delegation 1 ADB will exclude BASIC Bank from its participation in the ADB credit line under SMEDP2 as a PFI until it has received a unqualified opinion opinion from an independent auditor and BB has confirmed its compliance with all prudential financial guidelines.
3 3 of power is adequate. Dhaka Bank has adequate SME sector lending exposure. Its corporate and commercial loan portfolio includes potential SME sectors such as textile and garments, real estate, trading, and manufacturing. Dhaka Bank also utilized technical assistance from the World Bank and other development agencies for continuous improvements in its SME products and services. Dhaka Bank continuously builds its network with a total of 44 branches and potentially expanded SME outreach capacity. There is appropriate mechanism to cover credit, market, operations, and compliance risks. CRISIL assigned an A+ rating in the long term and ST-2 in the short term as of March The financial performance of Dhaka Bank remained satisfactory. 5. One Bank has the legal and institutional prerequisites to establish its initial eligibility. It is a private commercial bank. The clientele includes reputable businesses in trading, manufacturing, and services in various sectors of the economy. The company held an initial public offering (IPO) in June 2003 and raised about Tk600 million in capital. There is a concentration of ownership and the rights and equitable treatment of shareholders needs improvement. The delegation of power is limited. The company focuses largely on financing medium-sized to large enterprises of working capital loans and long-term financing, and has limited operation in small enterprise lending. Risk management and loan pricing are designed to reflect risk-based lending. The 2006 and 2007 ratings by CRISIL are A in the long term, and ST- 3 and ST-2 in the short term, with a positive outlook. The financial performance of the company was satisfactory compared to its peers. 6. Premier Bank has the legal and institutional prerequisites to establish its initial eligibility. It is a private commercial bank and was issued a banking license by BB in The company operates on both conventional and Islamic banking. The company went public in 2007 and is now listed in both DSE and CSE. Corporate governance is adequate and there are sufficient checks and balances between the Board and Management. There are 7 rural branches that could potentially assist SME finance in nonurban areas. Risk management is appropriate but additional risk exposures exist for Shariah-based lending operations. CRISIL upgraded the company from BBB+ in 2007 to A in 2008 in the long term and maintained the ST-3 rating in the short term. The overall financial performance improved in Prime Bank is a highly acclaimed private commercial bank and it meets most preidentification conditions for PFI eligibility. It is a publicly listed bank registered to both DSE and CSE. It has grown both horizontally and vertically. Prime Bank's Board function is effective. The Board has delegated all administrative power and required financial and business powers to management. Prime Bank offers a wide range of conventional and Islamic products and services, including SME finance. It has the commitment and strong capacity to cater the SME sector. Risk management is thorough and comprehensive. CRISIL maintained its AA rating in the long term and ST-2 in the short term as of June Prime Bank's performance is satisfactory among the competing banks and is above average in terms of the banking sector as a whole. 8. Trust Bank has the legal and institutional prerequisites to establish its initial eligibility. It obtained a license from BB in Army Welfare Trust of the Bangladesh Army is the major shareholder. Trust Bank offers a full range of commercial banking services, including SME finance. In terms of corporate governance, ownership was highly concentrated until recently. Delegation of power is appropriate. The relatively extensive branch network is sufficient to provide some SME outreaches. Trust Bank adopted the best practice guideline suggested by BB and it has a written credit policy manual. CRISIL assigns A in the long term and ST-2 rating in the short term as of Trust Bank's performance was average during 2007 compared to its peers. The operating efficiency is satisfactory.
4 4 9. Jamuna Bank Limited (JBL) is a public limited company incorporated in 2001 as a bank under the Companies Act It started commercial operation in 2001 and listed with DSE and CSE in JBL consists lease financing (3%), term and/or time loan (26%), SME (14%), home loan (1%), and agricultural credit (1%) short-term credit cover 55% of the total credit portfolio of Tk69,355 million as of 31 December The sponsors of the company hold 62.3% of paid up capital of Tk5,161 million. The remaining 37.7% are held by financial institutions (10.8%), foreign investors (0.1%), and general public (26.7%). The 21-member Board is led by the Chairman, and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. The Board forms the Executive Committee, Audit Committee, Risk Management Committee, and Management Committee. JBL has complied with the conditions of corporate governance guidelines for the year ended 31 December JBL records its SME lending separately. It has an individual SME division headed by the Vice President. Nonperforming loans (NPLs) reduced to 5.68% in 2014 which was 7.58% in 2013 against the average of 9.69% for the banking sector as of 30 June CRAB assigned A1 rating to JBL in the long term and ST-2 in the short term based on the information as of 31 December As of 31 December 2015, net operating profit has increased from Tk1,065 million in 2010 to Tk1,347 million in 2014; while return on equity (ROE) reduced from 20.52% to 13.68%, return on assets (ROA) decreased from 1.80% in 2010 to 1.06% in 2014, and the capital adequacy was 11.25% against required ratio of 10%. 10. The City Bank Ltd. incorporated as private commercial bank in March The bank had an IPO in 1986 and was listed in both DSE and CSE. The bank provides a comprehensive range of financial services including commercial banking, consumer banking, trade services, SME, retail, custody, and clearing services for retail and corporate customers. Risk Management is adequate with the formulation of a Risk Management Committee focused on reviewing existing and potential risks in all areas of banking including credit risk, operational risk, money laundering risk, interest and liquidity risk, internal control and foreign exchange risk. Corporate governance is adequate, with financial reporting and disclosures compliant with applicable laws and regulations, a 14-member Board of Directors including a Managing Director and/or Chief Executive Officer (CEO), Vice Chairperson and one independent director. The paid-up capital reached Tk8,340.9 million out of an authorized capital of Tk10,000 million at the end of December Total shareholding of directors, the general public, and financial institutions are 31.42%, 46.68%, and 21.90%, respectively. Based on financials up to 31 December 2014 and other relevant information, CRAB upgraded its long-term rating from A3 to AA2 and retained its short-term rating at ST-2, reflecting the bank s strength in risk weighted capital adequacy and profitability in terms of net interest margin. 11. Mutual Trust Bank Limited (MTBL) is a public limited company, incorporated in 1999 as a bank under the Companies Act It started commercial operation in 1999 and listed with DSE and CSE in The credit disbursed for corporate financing (78%), SME Loan (9%), retail banking (3%), secured overdraft (4%), employee (1%), and margin loan (5%) of credit portfolio of Tk77,141 million as of 31 December The sponsors of the company hold 44.5% of total share of paid-up capital of Tk3,078 million. The remaining 55.5% was held by financial institutions (25%) and the general public (30.5%). The 13-member Board is led by the Chairman, and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. The Board formed the Executive Committee, Audit Committee, Disciplinary Committee, Risk Management Committee, Asset Liability Committee, Management Committee, Credit Evaluation Committee, Promotion and/or Recruitment Committee, and Purchase Committee. The Auditor declared that the bank has complied with the conditions of corporate governance guidelines for MTBL records its SME lending
5 5 separately. It has an individual SME division and has 104 branches, including 14 SME and/or agriculture-dedicated branches. The 5-member Risk Management Committee has taken various steps to identify risks, which are related to the lending, trading, and operating activities of the bank. MTBL could reduce its NPLs by 0.95% in 2014 which was 2.67% as of 31 December CRISIL assigned AA- rating to MTBL in the long term and ST-2 in the short term as of 23 June Net operating profit has decreased slightly from Tk988 million in 2010 to Tk962 million in 2014; while return on average equity (ROAE) has reduced from 24.5% to 15.7% in Return on average assets (ROAA) also reduced from 1.8% in 2010 to 0.9% in The capital adequacy was 10.8% as of 31 December 2014 against the required ratio of 10%. 12. Dhaka Bank Limited (DBL) is a public limited company incorporated in 1995 as a bank under the Companies Act It started the commercial operation in 1995 and listed with DSE and CSE in The credit portfolio of the company was Tk103,132 million as of 31 December 2014 that disbursed for term loan (33%), short-term loan (60%), housing (1%), lease finance (2%), and bills purchased and discounted (2%). The directors of the company hold 45% of paidup capital of Tk5,685 million as of December The remaining 55% are held by financial institutions (20%), and the general public and others (35%). The 18-member Board is led by the Chairman, and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. The Board formed the Executive Committee, Audit Committee, Shari ah Committee, Management Committee (all Risk Management Committee, Asset Liability Committee, and Human Resources Committee), promotion and/or Recruitment Committee, and Purchase Committee. The bank complied with the conditions of corporate governance guidelines for the year ended 31 December DBL records its SME lending separately. It has an individual SME division. The classified loan of 5.3% was identified as of 31 December CRISIL assigned AA- rating to DBL in the long term and ST-2 in the short term based on the information as of 23 June DBL s ROE has reduced from 16.2% to 15.9% in The ROA also reduced from 1.4% in 2010 to 1.3% in The capital adequacy was 11.2% as of 31 December 2014 against the required ratio of 10%. 13. Dutch-Bangla Bank Limited (DBBL) was incorporated as a joint venture bank between local shareholders spearheaded by the founding Chairman M. Shaabuddin Ahmed and the Dutch company the Netherlands Development Finance Company. The focus of the bank is to finance high-growth manufacturing industries in Bangladesh. Its Board comprises 7 members including a Chairman, 2 independent directors, and one Managing Director. Its authorized capital is Tk4,000 million of which $2,000 million is paid up. The bank is 87% owned by its sponsors and 13.0% owned by the general public. The ultimate responsibility for effective risk management lies with the Board of Directors, but through the Board s Audit Committee, Executive Committee, and Risk Management Committee principles and limits are set, and operations are within approved systems and procedures. Credit policy is approved by the Board, approvals are delegated properly with proper checks and balance in place, there are independent credit risk management division, and separate credit administration, monitoring and recovery, and management recovery committee. Credit operations are subject to independent internal audit. For the year 2013, CRAB rated DBBL as AA1 in the long term and retained ST-1 in the short term. 14. Islamic Finance and Investment Ltd. (IFIL) is a public limited company incorporated in 2001 as a nonbank financial institution (NBFI) under the Companies Act It started commercial operation in 2001 and listed with DSE and CSE in The credit portfolio of the company was Tk6,077 million as of 31 December IFIL broadly categorized its investment in lease financing (46%); hire purchase sherkatul Melk (41%); bai muajjal (trade financing) 13%; and Baim household durable scheme (0%). The directors of the company hold 37.9%. The
6 6 remaining 62.1% are held by financial institutions (22.6%), and general public (39.5%) of total share of paid-up capital of Tk1,163 million as of 31 December The 12-member Board is led by the Chairman, and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. The auditor has certified its compliance of corporate governance that the company has complied with the conditions of corporate governance guidelines. IFIL finances in manufacture, trade, agriculture, non-farm activities, and service industries through machinery, raw material, goods, commodities, and fixed asset purchase to SME depending on the needs of customer. As categorized by BB, IFIL takes care of credit risk, foreign exchange risks, asset and liability management risks, money laundering ad establishment of internal and compliance. The Management Committee oversees the activities of the Risk Management Committee. The identified classified loan of IFIL was Tk430 million (7% of portfolio) as of 31 December Based on information of financial statements as of 31 December 2014, CRAB rated IFIL credit as A3 in the long run and ST-3 in the short run. Net operating profit of IFIL has increased from Tk124 million in 2010 to Tk193 million in 2014; while ROAA decreased from 3.1% in 2010 to 2.8% in 2014; and ROE decreased from 17.4% in 2010 to 13.4% in The capital adequacy was 30.86% as of 31 December 2014 against the required ratio of 10%. 15. First Security Islamic Bank Ltd (FSIBL) is a public limited company incorporated in 1999 as a bank under the Companies Act 1994 and started commercial operation in 1999 listed with DSE and CSE in The credit portfolio of the company was Tk152,792 million as of 31 December 2014 that was disbursed in agriculture (1.4%), textile and readymade garments (22.6%), internal trade finance (55.2%), housing (9.5%), and special program (11.3%). The directors of the company hold 49.3% of shares and the remaining 50.7% are held by financial institutions (14.1%), non-resident Bangladeshi (0.3%), foreign investors (1.2%), and general public (35.1%) of total share of paid-up capital of Tk4,114 million as of December The 12- member Board is led by the Chairman, and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. The auditor certified that the bank complied with the conditions of corporate governance guidelines. FSIBL finances in manufacture, trade, and service industries all over the country through its 137 branches. The 3-member Risk Management Committee of FSIBL is responsible for identifying, measuring, monitoring, and controlling various types of risks for ensuring the health of a bank as well as the whole financial systems. The identified classified loan of FSIBL was Tk3,397 million as of 31 December 2012 which is 2.2% of total credit portfolio. The Emerging Credit Rating Limited (ECRL) assigned A+ rating in the long term and ECRL-2 in the short term based on the audited financial statements as of 31 December The net operating profit of FSIBL has increased from Tk549 million in 2010 to Tk649 million in 2014; while ROA also decreased from 1.9% in 2010 to 0.4% in The capital adequacy was 11.7% as of 31 December 2014 against the required ratio of 10%. 16. Bangladesh Development Bank Ltd. (BDBL) is a state owned public limited company by shares incorporated in 2009 as a bank under the Companies Act BDBL was formed by amalgamation of former Bangladesh Shilpa Bank, and Bangladesh Shilpa Rin Sangstha 2 development financial institutions in the public sector. It started operation in 2010, and listed with DSE and CSE. The credit portfolio of the company was Tk16,501 million as of 31 December 2014 that was disbursed in cash credit (hypothecation and pledge), working capital, secured advance, overdraft, and retailed banking. The Government owns 100% of its share of paid up capital of Tk4,000 million as of December The 9-member Board is led by the Chairman and the Managing Director as ex-officio director. The Board is mandated for policy issues and review of company performance. BDBL was established for financing in manufacture, trade, and service industries all over the country through its 30 branches. The
7 7 identified classified loan of BDBL was Tk5,248 million as of 31 December 2014 which is 32% of total credit portfolio. CRISIL assigned AAA rating in the long term and ST-1 in the short term on 30 June The net operating profit was Tk1,449 million in 2014; while ROA was 2.3%. 17. FAS Finance & Investment Fidelity Assets and Securities (FFIL) is an NBFI formed under the Financial Instructions Act 1993 incorporated in March 1997 and was registered as a merchant bank with the Bangladesh Securities and Exchange Commission in January 1998 converted into a public limited company in August BB provided its license for leave financing operation in September 2001 and had an IPO in FFIL is listed in both DSE and CSE. FFIL activities include medium and long-term financing i.e. lease financing, transport financing, project financing, house financing, SME refinance, working capital finance, for retail and corporate customers. As FYE2014, FFIL shareholding is 47.79% by Bangladeshi sponsors, 1.21% by financial intuitions, and 40.99% by the general public. The Board consists of 15 members including a Chairman, Vice Chairman, Managing Director and CEO, Company Director, 2 independent directors, and 9 other directors. As of May 2015, FFIL was not in full compliance with BSEC corporate governance requirements having less than 1/5 the required independent directors. FFIL s Credit Risk Management Division, segregated into credit approval, administration, monitoring and recovery units manages credit risk through thorough risk assessments before any credit facility is sanctioned. Accounts Department under the CEO manages liquidity risk while the Internal Control and Compliance Division, and Audit Committee review the operations and compliance with statutory requirements. FFIL has one subsidiary FAS Capital Management Ltd. As on April 2014, CRAB rated the FFIL as BBB2 in the long term and ST3 in the short term. 18. United Leasing Company Limited. Now renamed as United Finance Limited (UFL), the United Leasing Company Limited is a public limited company incorporated in 1989 under the Companies Act Its authorized capital is Tk120 million, of which Tk62.50 million is paid up. It is listed in Dhaka Stock Exchange and Chittagong Stock Exchange. Their business consists of lease financing, affordable home loan, and term financing covering 80% of credit portfolio, and agricultural credit for crop production and cattle rearing covering 20%. The company s shareholding is 53% held by the sponsor groups and 47% institutional investors and general public. The Board of Directors is led by the Chairman, the managing director as ex-officio director, Chief financial officer, company secretary, and six directors from three business organizations (Lawrie Group Plc., UK; United Insurance Company Limited; and Surmah Valley Tea Company Limited). Credit committee, asset liability management committee, collection feedback committee were established to monitor and strengthen the business operations. UFL has sufficient credit risk management tools. Although there is no designated SME product line, its term loan products cater to the SME sector by offering collateral free long-term loans. As of 31 December 2014, total credit portfolio of UFL was Tk10,727 million, of which SME portion was Tk4,367 million (40.7%), including SME to women entrepreneurs amounting to Tk202 million (4.6%). There are SME dedicated desks, and women desks in its all 18 branches. UFL s last credit rating was an A+ in the long term from Crisil in May Though not mandatory, a new rating is to be completed by December Company s net profit was TK324 million for calendar year Capital adequacy was 20%.
Supporting Resilience of Micro, Small, and Medium-Sized Enterprises Finance Project (RRP KAZ 49076) FINANCIAL ANALYSIS
Supporting Resilience of Micro, Small, and Medium-Sized Enterprises Finance Project (RRP KAZ 49076) FINANCIAL ANALYSIS A. Selection Criteria for Participating Financial Institutions 1. The participating
More informationMarket Discipline Disclosures on Risk Based Capital (Basel II) as on
Market Discipline Disclosures on Risk Based Capital (Basel II) as on 31.12.2013 The purpose of Market Discipline in Basel- II is to establish more transparent and more disciplined financial market so that
More informationIndependent Auditors Report & Audited Financial Statements of
Independent Auditors Report & Audited Financial Statements of and its Subsidiaries Annual Report 2016 223 INDEPENDENT AUDITORS REPORT To the Shareholders of Report on the Financial Statements We have audited
More informationMarket Discloser under Pillar-III of BASEL-II: 2013
Market Discloser under Pillar-III of BASEL-II: 2013 A) Scope of Application Qualitative Discloser a) The name of the top corporate entity in the group to which this guidelines applies b) An outline of
More informationPerformance, Regulation and Supervision of NBFIs
7.1 Non Bank Financial Institutions (NBFIs) are playing a crucial role by providing additional financial services that cannot be always provided by the banks. The NBFIs, with more multifaceted products
More informationCapital adequacy in accordance with BASEL II
Capital adequacy in accordance with BASEL II Basel accords are the international standards for creating regulations about how much capital is needed to put aside to guard against the types of financial
More informationBANK OF MALDIVES DUE DILIGENCE
Inclusive Micro, Small and Medium-sized Enterprise Development Project (RRP MLD 43566) A. Overview and History BANK OF MALDIVES DUE DILIGENCE 1. The Bank of Maldives (BML) was established in 1982 and started
More informationCountry Report Bangladesh
2014 Country Report Bangladesh Over the last 10 years Bangladesh Economy has been growing at middling rate of 6 percent. After reaching 6.7 percent in 2010-11 it has been on a declining trend. GDP growth
More informationAgricultural and Rural Finance
Chapter8 Annual Agricultural Credit Programme 8.1 In Bangladesh about 70 percent of the poor people live in rural areas and are concentrated in the agriculture sector. The performance of the agriculture
More informationBRAC BANK LTD (BRACBANK)
BDT : 980.00 Tk. 1,600 1,400 1,200 1,000 800 600 400 200 0 31-Jan-07 3-Mar-07 BRAC Bank Adjusted Price-Volume Graph Volume Price 3-Apr-07 3-May-07 3-Jun-07 3-Jul-07 3-Aug-07 Farzana Hoque farzana@lbsbd.com
More informationSupply of and Demand for Financial Products
Chapter 2 Supply of and Demand for Financial Products 2.1 Payment and Transaction Products Payment and transaction products play key roles in smoothing retail banking and settling payment obligations in
More informationMicrofinance Institutions Ratings
Microfinance Institutions Ratings INTRODUCTION Micro Finance Institutions (MFIs) have reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual
More informationdisclosures on risk based capital (Basel II)
disclosures on risk based capital (Basel II) ANNUAL REPORT 2012 79 disclosure on risk based capital (Basel II) Scope of Application a) The name of the top corporate entity in the group to which this guidelines
More informationAgriculture and SME Finance
Chapter9 9.1 Bangladesh is on course for middle income country status and its agriculture sector has continued to play a significant role by providing the largest share of employment in the country. Growth
More informationBangladesh Development Bank Limited (BDBL) Market Disclosures for December 2016 under Pillar-III of Risk Based Capital Adequacy (RBCA) - Basel III.
Bangladesh Development Bank Limited (BDBL) Market Disclosures for December 2016 under PillarIII of Risk Based Capital Adequacy (RBCA) Basel III. The regulatory requirement of market disclosure is imposed
More informationcorporate governance Mr. Sayem Ahmed was appointed as a Director by the Board on January 7, 2009.
corporate governance Corporate Governance is the system of internal controls and procedures used to define and protect the rights and responsibilities of various stakeholders. The Bank has adequately complied
More informationBASEL II PILLAR 3 MARKET DISCIPLINE
BASEL II PILLAR 3 MARKET DISCIPLINE Annual Disclosure for the year ended December 31, 2013 127 The public disclosure of prudential information is an important component of Basel Committee on Banking Supervision
More informationAUDITOR S REPORT & AUDITED FINANCIAL STATEMENTS OF FIRST SECURITY ISLAMI BANK LIMTED FOR THE YEAR ENDER 31 DECEMEBER 2011
AUDITOR S REPORT & AUDITED FINANCIAL STATEMENTS OF FIRST SECURITY ISLAMI BANK LIMTED FOR THE YEAR ENDER 31 DECEMEBER 2011 AUDITORS REPORT TO THE SHAREHOLDERS OF First Security Islami Bank Limited We have
More informationDevelopments of Islamic Banking in Bangladesh
Developments of Islamic Banking in Bangladesh January- March, 2017 Quarterly Report Preparation Committee 1 Chairman Dr. Md. Akhtaruzzaman Economic Adviser Coordinator Md. Abdul Awwal Sarker General Manager
More informationDisclosures on Risk Based Capital (Basel-II) as on
Disclosures on Risk Based Capital (Basel-II) as on 31.12.2014 (a) Scope of Application Qualitative Disclosure (a) The Revised Risk Based Capital Adequacy (RBCA) framework which is called Basel-II guideline
More informationFinancial Report ADITOR S REPORT & AUDITED FINANCIAL STATEMENTS Of FIRST SECURITY ISLAMI BANK LIMITED
Financial Report 2013 ADITOR S REPORT & AUDITED FINANCIAL STATEMENTS Of FIRST SECURITY ISLAMI BANK LIMITED FOR THE YEAR ENDED 31 DECEMBER 2013 Independent Auditors Report to the Shareholders of First Security
More informationPROMOTING INNOVATIVE FINANCING MODELS FOR SMES: THE BANGLADESH EXPERIENCE
PROMOTING INNOVATIVE FINANCING MODELS FOR SMES: THE BANGLADESH EXPERIENCE Dr. Atiur Rahman Former Governor, Bangladesh Bank & Dr. M. Abu Eusuf Chairman, Department of Development Studies Director, Centre
More informationIDLC Finance Limited. Financial Statements
IDLC Finance Limited Financial Statements as at and for the period ended September 30, 2017 IDLC Finance Limited and Its Subsidiaries Consolidated Balance Sheet (Un-audited) as at September 30, 2017 Note
More informationDutch-Bangla Bank Limited Balance Sheet As at 30 September 2017 (Main Operation and Off-shore Banking Unit)
PROPERTY AND ASSETS Notes 30-Sep-17 31-Dec-16 30-Sep-16 (Audited) (Un-audited) Main Operation Off-shore Total Total Total Cash In hand (including foreign currencies) 4 13,529,861,916-13,529,861,916 11,051,999,011
More informationFinancial Report AUDITOR S REPORT & AUDITED FINANCIAL STATEMENTS Of FIRST SECURITY ISLAMI BANK LIMITED
Financial Report -2015 AUDITOR S REPORT & AUDITED FINANCIAL STATEMENTS Of FIRST SECURITY ISLAMI BANK LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015 Auditors Report To the Shareholders of First Security Islami
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE
Inclusive Financial Sector Development Program, Subprogram 1 (RRP CAM 44263 013) SECTOR ASSESSMENT (SUMMARY): FINANCE 1. Sector Performance, Problems, and Opportunities a. Sector Context and Performance
More informationMarket Disclosure under Basel - II
Market Disclosure under Basel - II as on 31 st December, 2011 (Solo basis) a) Scope of application (a) The name of the top corporate International Finance Investment & Commerce Bank entity in the group
More informationPRIME BANK LTD. An LBSL / JKSB Research Publication BDT : Yolan Seimon PROFILE FINANCIAL PERFORMANCE
BDT : 636.00 800 700 600 500 400 300 200 100 0 PRIMEBANK Share Price BDT Ordinary Voting Shares Free Float 57% 12 mth High/Low (BDT.) 744 / 568 Average Daily Volume (Shares) 38,872 Market Capitalisation
More informationHALF YEARLY FINANCIAL STATEMENTS. June 30, 2015 (UNAUDITED)
HALF YEARLY FINANCIAL STATEMENTS June 30, 2015 (UNAUDITED) Half Yearly Financial Statements BRAC Bank Limited 1, Gulshan Avenue, Gulshan 1 Dhaka 1212, Bangladesh Tel: 16221 E-mail: enquiry@bracbank.com
More informationDevelopments of Islamic Banking in Bangladesh April-June, 2015
Developments of Islamic Banking in Bangladesh April-June, 2015 Research Department Bangladesh Bank 1 Quarterly Report Preparation Committee 1 Chairman Dr. Md. Akhtaruzzaman Economic Adviser Coordinator
More informationDisclosures on Capital Adequacy and Market Discipline - Pillar III Based on 31 December, 2017
Qualitative disclosures Disclosures on Capital Adequacy and Market Discipline - Pillar III Based on 31 December, 2017 This disclosure is given as per the requirement of Bangladesh Bank s Prudential Guideline
More informationASIA SME FINANCE MONITOR 2014
ASIA SME FINANCE MONITOR 214 ASIAN DEVELOPMENT BANK SME Landscape The Economic Census of Cambodia 211, the first census in the country s history, was launched in 212. The second Economic Census for 214
More informationMarket Disclosure of Basel II The purpose of Market Discipline in Basel II is to establish more transparent and more disciplined financial market
The purpose of Market Discipline in Basel II is to establish more transparent and more disciplined financial market so that stakeholders can assess the position of a Bank regarding holding of assets and
More informationThe names of the Scheduled Banks whose operations are recorded in this volume are as below: A. STATE OWNED BANKS:
INTRODUCTION After liberation, the banks operating in Bangladesh (except those incorporated abroad) were nationalised. These banks were merged and grouped into six commercial banks. Of the total six commercial
More informationThe names of the Scheduled Banks whose operations are recorded in this volume are as below: A. STATE OWNED BANKS:
INTRODUCTION After liberation, the banks operating in Bangladesh (except those incorporated abroad) were nationalised. These banks were merged and grouped into six commercial banks. Of the total six commercial
More informationINDEPENDENT AUDITORS REPORT TO THE SHAREHOLDERS OF IFIC BANK LIMITED
INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Independent Auditors' Report and Audited Financial Statements As at and for the year ended 31 December 2015 INDEPENDENT AUDITORS REPORT TO THE
More informationindependent auditor s report to the shareholders of bank asia limited
178 F I N A N independent auditor s to the shareholders of bank asia limited We have audited the accompanying consolidated financial statements of Bank Asia Limited and its subsidiaries (together referred
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE (SMALL AND MEDIUM-SIZED ENTERPRISES FINANCING) 1. Sector Performance, Problems, and Opportunities
Additional Financing of Small and Medium-Sized Enterprises Line of Credit Project (RRP SRI 49273-002) SECTOR ASSESSMENT (SUMMARY): FINANCE (SMALL AND MEDIUM-SIZED ENTERPRISES FINANCING) 1. Sector Performance,
More informationCREDIT RATING INFORMATION & SERVICES LIMITED
Rating Methodology BANKS AND FINANCIAL INSTITUTIONS CREDIT RATING INFORMATION & SERVICES LIMITED Nakshi Homes (4th & 5th Floor), 6/1A, Segunbagicha, Dhaka 1000, Bangladesh Tel: 717 3700 1, Fax: 956 5783
More informationDisclosures on Risk Based Capital (Basel II)
Disclosures on Risk Based Capital (Basel II) As per the Bangladesh Bank BRPD Circular no. 24 dated August 03 of 2010 regarding the Guidelines on Risk Based Capital Adequacy of Banks under Basel II framework,
More informationInternational Journal of Applied Research
International Journal of Applied Research Journal homepage: http://intjar.com; ISSN 2411-6610 Effects of electronic banking on performance of banks in Bangladesh Md. Nazirul Islam Sarker 1, Md. Shahidul
More informationSME Finance and Green Finance by ADB
SME Finance and Green Finance by ADB Biao Huang Private Sector Operations Department Asian Development Bank Overview Financial Sector Development and Environment are two core areas of operations under
More informationMCB Bank Limited FULL YEAR 2008 RESULTS PRESENTATION. 5 th March 2009
MCB Bank Limited FULL YEAR 2008 RESULTS PRESENTATION 5 th March 2009 2008 Financial Highlights Consolidated O (U) PKR O (U) % PKR mm 2008 2007 2007 Net mark-up interest income 28,457 4,524 19% Non-interest
More informationDisclosures on Risk Based Capital Adequacy (Basel II)
The Premier Bank Limited For the year ended December 31, 2013 With the growing complexity of operations, service innovations and technology based products, Banks have progressively become exposed to a
More informationFINANCIAL ANALYSIS. A. Eligibility Criteria to Be a Participating Commercial Bank
Small Business and Entrepreneurship Development Project (RRP UZB 42007-014) FINANCIAL ANALYSIS A. Eligibility Criteria to Be a Participating Commercial Bank 1. Commercial banks in Uzbekistan may apply
More informationDisclosures on Risk Based Capital Adequacy (Basel II)
Disclosures on Risk Based Capital Adequacy (Basel II) 1 Annual Report 2014 2 Disclosures on Risk Based Capital Adequacy (Basel II) For the year ended December 31, 2014 With the growing complexity of operations,
More informationdisclosures on risk based capital (Basel II)
disclosures on risk based capital (Basel II) ANNUAL REPORT 2014 93 disclosures on risk based capital (Basel II) Scope of Application Qualitative Disclosures a) The name of the top corporate entity in
More informationIndependent Auditor s Report to the Shareholders of Bank Asia Limited
ANNUAL INTEGRATED REPORT 2016 Independent Auditor s Report to the Shareholders of Bank Asia Limited We have audited the accompanying consolidated financial statements of Bank Asia Limited and its subsidiaries
More informationGreen Development Bank Ltd - IPO Analysis. IPO Issue Snapshot: 1. Company Overview: Issue Details: Issue Type. Issue Price per share Rs.
May 31, 2016 Green Development Bank Ltd - IPO Analysis IPO Issue Snapshot: Issue Details: Issue Type Issue Size IPO 450,000 units Issue Price per share Rs. 100 Issue Open Date 2016-06-05 (2073/02/23) Early
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE 1
Country Partnership Strategy: Pakistan, 2015 2019 SECTOR ASSESSMENT (SUMMARY): FINANCE 1 1. Sector Performance, Issues and Opportunities 1. Financial sector participants. Pakistan s financial sector is
More informationANNUAL DISCLOSURE UNDER PILLAR III OF BASEL II AS OF DECEMBER 31, 2010 RISK MANAGEMENT
ANNUAL DISCLOSURE UNDER PILLAR III OF BASEL II AS OF DECEMBER 31, 2010 RISK MANAGEMENT Bangladeshi Banking Industry already entered into the Basel II regime with effect from Jan 01, 2010, so as CBL. The
More informationHALF YEARLY REPORT MARICO BANGLADESH LIMITED
HALF YEARLY REPORT 201213 MARICO BANGLADESH LIMITED Marico Bangladesh Limited House # 01, Road # 01, Sector # 01 (4th Floor) Uttara, Dhaka1230, Tel : + 88(02)8931202 Fax : + 88(02)8932322 www.maricobd.com
More informationst kehol inf rrnatior
st kehol inf rrnatior I Distribution of shareholders Particulars Number of shares held Percentage of (%) of shares held as of 31 December as of 31 December 2011 2010 * 2011 2010 Sponsors Local 122,634,240
More informationISLAMIC FINANCE IN BANGLADESH NATIONAL ACCOUNTS: CURRENT PRACTICE AND CHALLENGES
ISLAMIC FINANCE IN BANGLADESH NATIONAL ACCOUNTS: CURRENT PRACTICE AND CHALLENGES Workshop on Islamic Finance in National accounts 24-26 October 2017, Beirut, Lebanon Md. Shahabuddin Sarker Bangladesh Bureau
More informationPak-Gulf Leasing Company Limited (PGLC)
Rating Report RATING REPORT Pak-Gulf Leasing Company Limited (PGLC) REPORT DATE: January 30, 2018 RATING ANALYSTS: Muniba Khan muniba.khan@jcrvis.com.pk RATING DETAILS Latest Rating Previous Rating Rating
More informationAuditors Report to the shareholders of Prime Bank Limited
Annual Report 2012 1 Auditors Report to the shareholders of Prime Bank Limited We have audited the accompanying consolidated financial statements of Prime Bank Limited and its subsidiaries (together referred
More informationDubai Islamic Bank Pakistan Limited
Rating Report RATING REPORT REPORT DATE: July 4, 2018 RATING ANALYSTS: Jazib Ahmed, CFA jazib.ahmed@jcrvis.com.pk Narendar Shankar Lal narendar.shankar@jcrvis.com.pk RATING DETAILS Latest Rating Previous
More informationOUTLOOK BERMUDA BANK OF BUTTERFIELD 2000 ANNUAL REPORT
The Group s Return on Equity (ROE) for the year was 16.4%, up from 15.6% in 1999. Earnings per Share (EPS) from continuing operations was $3.02, compared to $1.92 the previous year. After losses from discontinued
More informationHSBC Saudi Arabia Limited Pillar 3 Disclosures (31 December 2016)
HSBC Saudi Arabia Limited Pillar 3 Disclosures (31 December 2016) 1 Cautionary statement regarding forward looking statements These Capital and Risk Management Pillar 3 Disclosures as at 31 December 2016
More informationOPERATING GUIDELINES FOR FINANCIAL SECTOR PROJECT FOR THE DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN BANGLADESH
GOVERNMENT OF PEOPLE S REPUBLIC OF BANGLADESH JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) (BD-P67) OPERATING GUIDELINES FOR FINANCIAL SECTOR PROJECT FOR THE DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES
More informationNRSP Microfinance Bank Limited
Rating Report RATING REPORT REPORT DATE: May 3, 2017 RATING ANALYSTS: Jazib Ahmed, CFA jazib.ahmed@jcrvis.com.pk Narendar Shankar Lal narendar.shankar@jcrvis.com.pk RATING DETAILS Latest Rating Previous
More informationThe Ethiopian Diaspora Trust Fund (EDTF) Terms of Reference
The Ethiopian Diaspora Trust Fund (EDTF) Terms of Reference 15 September 2018 Content Pages I. Background to the Ethiopian Diaspora Trust Fund (EDTF) 3 II. Objectives and Scope 4 III. Setup, Governance
More informationArtistic Denim Mills Limited
Rating Report RATING REPORT REPORT DATE: May 7, 2018 RATING ANALYSTS: Talha Iqbal talha.iqbal@jcrvis.com.pk Asfia Aziz asfia.aziz@jcrvis.com.pk RATING DETAILS Rating Category Latest Rating Long-term Short-term
More informationUrban-Biased SME Finance in Bangladesh: Way to Solve the Puzzle
Urban-Biased SME Finance in Bangladesh: Way to Solve the Puzzle Arifuzzaman Khan Independent Researcher & Banking Professional Abstract Small and Medium Enterprises (SMEs) play a vital role in the economic
More informationQ2-2019: Performance review. October 26, 2018
Q2-2019: Performance review October 26, 2018 Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', expected to, etc., and similar
More informationPillar 3 Disclosure Statement
ALJAZIRA CAPITAL COMPANY (A Closed Saudi Joint Stock Company) Pillar 3 Disclosure Statement As at 31 December 2015 1 TABLE OF CONTENTS 1. INTRODUCTION... 3 2. CAPITAL STRUCTURE... 3 3. CAPITAL ADEQUACY...
More informationGuidelines for Conversion of a Conventional Bank into an Islamic Bank ISLAMIC BANKING DEPARTMENT
Guidelines for Conversion of a Conventional Bank into an Islamic Bank ISLAMIC BANKING DEPARTMENT Table of Contents I. Introduction... 1 II. Eligibility Criteria... 1 III. Necessary Measures... 1 IV. Process...
More informationThe First MicroFinanceBank Limited (FMFB)
Rating Report RATING REPORT REPORT DATE: May 07, 2018 RATING ANALYSTS: Maimoon Rasheed maimoon@jcrvis.com.pk Maham Qasim maham.qasim@jcrvis.com.pk RATING DETAILS Latest Rating Previous Rating Rating Category
More informationNRSP Microfinance Bank Limited
JCR-VIS Credit Rating Company Limited Technical Partner IIRA, Bahrain JV Partner CRISL, Bangladesh Rating Report RATING REPORT REPORT DATE: May 03, 2018 RATING ANALYSTS: Maimoon Rasheed Maimoon@jcrvis.com.pk
More informationThe information and materials contained in this document are subject to change. Unauthorized use of EXIM Bank logo, name and copyrights are strictly
The information and materials contained in this document are subject to change. Unauthorized use of EXIM Bank logo, name and copyrights are strictly prohibited. Not all products and services are available
More informationFinancial Sector Performance Review Report September 2018
Financial Sector Performance Review Report September 2018 This report presents the performance of the Bhutanese financial sector on peer group basis (excluding National Pension & Provident Fund) for the
More informationFinancial Statements 2017 of Mercantile Bank Limited
Financial Statements 2017 of Mercantile Bank Limited Independent Auditors Report to the Shareholders of Mercantile Bank Limited We have audited the accompanying consolidated financial statements of Mercantile
More informationFINANCIAL ANALYSIS. For this report, common equity refers to the PKSF s capital fund as reported in its annual report. 4
Microenterprise Development Project (RRP BAN 51269) FINANCIAL ANALYSIS 1. This analysis assesses the financial soundness of the implementing agency, Palli Karma Sahayak Foundation (PKSF) and 10 sample
More informationSoorty Enterprises (Private) Limited
RATING REPORT REPORT DATE: December 31, 2018 RATING ANALYSTS: Talha Iqbal talha.iqbal@jcrvis.com.pk Asfia Aziz asfia.aziz@jcrvis.com.pk RATING DETAILS APPLICABLE METHODOLOGY(IES) Applicable Rating Criteria:
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE 1
Policy-Based Loan for Subprogram 3 of the Third Financial Sector Program (RRP CAM 42305) SECTOR ASSESSMENT (SUMMARY): FINANCE 1 1. Sector Performance, Problems, and Opportunities 1. Overall finance sector.
More informationDSE submits budget proposal to NBR Chairman
DSE submits budget proposal to NBR Chairman A DSE delegation led by President Mr. Md. Abdullah Bokhari met the National Board of Revenue (NBR) Chairman Mr. Badiur Rahman on April 26, 2007 and submitted
More informationDisclosures on Risk Based Capital (BASEL II) For the year ended 31 December 2014
Disclosures on Risk Based Capital (BASEL II) For the year ended 31 December 2014 Introduction In accordance to Pillar III of the revised Framework for International Convergence of Capital Measurement and
More informationIndustrial Promotion and Development Company of Bangladesh Limited
Industrial Promotion and Development Company of Bangladesh Limited Unaudited financial statements as at and for the third quarter ended September 30, 2016 Condensed Balance Sheet (Un-audited) as at September
More informationDHAKABANK LTD. An LBSL / JKSB Research Publication BDT : Yolan Seimon PROFILE FINANCIAL PERFORMANCE.
BDT : 350.25 BDT 600 500 400 300 200 100 0 DHAKABANK Adjusted Price / Volume Graph Volume Price BDT 01-Jan-06 03-Mar-06 03-May-06 03-Jul-06 02-Sep-06 02-Nov-06 02-Jan-07 04-Mar-07 04-May-07 04-Jul-07 03-Sep-07
More informationRATING REPORT. United Bank Limited RATING DETAILS. Rating Category
Rating Report RATING REPORT United Bank Limited REPORT DATE: July 04, 2017 RATING ANALYSTS: Talha Iqbal talha.iqbal@jcrvis.com.pk Osman Rahi osman.rahi@jcrvis.com.pk RATING DETAILS Latest Rating Previous
More informationComparative Financial Performance Assessment of Islamic Banks and Traditional Banks in Bangladesh
ISSN: 2308-5096(P) ISSN 2311-620X (O) [International Journal of Ethics in Social Sciences Vol.4, No. 1, June 2016] Comparative Financial Performance Assessment of Islamic Banks and Traditional Banks in
More informationCommercial Banking in Developing Economy: A Case Study of Ten Private Commercial Banks of Bangladesh
ASA University Review, Vol. 5 No. 1, January June, 2011 Commercial Banking in Developing Economy: A Case Study of Ten Private Commercial Banks of Bangladesh Abstract Abeer Khandker * There are many problems
More informationThe names of the scheduled banks whose operations are recorded in this volume are as below:
INTRODUCTION After liberation, the banks operating in Bangladesh (except those incorporated abroad) were nationalised. These banks were merged and grouped into six commercial banks. Of the total six commercial
More informationThe names of the Scheduled Banks whose operations are recorded in this volume are as below:
INTRODUCTION After liberation, the banks operating in Bangladesh (except those incorporated abroad) were nationalised. These banks were merged and grouped into six commercial banks. Of the total six commercial
More informationMajor Economic Indicators
Volume: 11/2015 Major Economic Indicators Monthly Update: November 2015 Major Economic Indicators Monetary Policy Department Bangladesh Bank Contents Page No. Executive summary.. 1-2 1. Monetary and credit
More informationMarket Disclosure under Pillar III of Basel II
Market Disclosure under Pillar III of Basel II The purpose of Market Discipline in Basel II is to establish more transparent and more disciplined financial market so that stakeholders can assess the position
More informationReport and Recommendation of the President to the Board of Directors
Report and Recommendation of the President to the Board of Directors Project Number: 47934 June 2014 Proposed Senior Loan Khan Bank Supporting Micro, Small, and Medium-Sized Enterprises (Mongolia) This
More informationPILLAR 3 DISCLOSURE STATEMENT
ALJAZIRA CAPITAL COMPANY (A Closed Saudi Joint Stock Company) PILLAR 3 DISCLOSURE STATEMENT As at 31 December 2014 1 TABLE OF CONTENTS Introduction... 3 Capital Structure... 3 Capital Adequacy... 5 Risk
More informationTrade Beyond Boundaries with Exim Bank
Trade Beyond Boundaries with Exim Bank The information and materials contained in this document are subject to change. Unauthorized use of EXIM Bank logo, name and copyrights are strictly prohibited. Not
More informationMarket Discipline-Pillar-III Disclosures under Basel-II. As on 31 December 2011
Pubali Bank Limited Market DisciplinePillarIII Disclosures under BaselII Capital Adequacy under BaselII As on 31 December 2011 Banks operating in Bangladesh are maintaining capital since 1996 on the basis
More informationINDEPENDENT AUDITORS REPORT To The Shareholders Of Prime Bank Limited
FINANCIAL STATEMENTS Independent Auditors Report to the Shareholders - Consolidated Balance Sheet - Consolidated Profit and Loss Account - Consolidated Cash Flow Statement - Consolidated Statement of Changes
More informationSME Financing in Bangladesh: A Comparative Analysis of Conventional and Islamic Banks
Journal of Islamic Banking and Finance March 2014, Vol. 2, No. 1, pp. 79-92 ISSN: 2374-2666 (Print) 2374-2658 (Online) Copyright The Author(s). 2014. All Rights Reserved. Published by American Research
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE
Country Partnership Strategy: Bhutan, 2014 2018 SECTOR ASSESSMENT (SUMMARY): FINANCE Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. Bhutan s finance sector developed steadily during
More informationBANK AL HABIB LIMITED (BAHL)
The Pakistan Credit Rating Agency Limited (BAHL) ENTITY & INSTRUMENT RATINGS REPORT NEW [JUN-15] PREVIOUS [JUN-14] REPORT CONTENTS 1. RATING ANALYSES Long-Term AA+ AA+ 2. FINANCIAL INFORMATION Short-Term
More informationPubali Bank Limited. Market Discipline-Pillar-III Disclosures under Basel-II. As on 31 December 2013
Page 1 of 12 Pubali Bank Limited Market DisciplinePillarIII Disclosures under BaselII Capital Adequacy under BaselII As on 31 December 2013 Banks operating in Bangladesh are maintaining capital since 1996
More informationThe Getting Finance Indicators: Country Perspective
2 The Getting Finance Indicators: Country Perspective The commercial banking sector is the main financial intermediary in many of these countries, with banking assets accounting for more than 50 percent
More informationThe City Bank Limited. L o o k i n g A h e a d
The City Bank Limited L o o k i n g A h e a d Tuesday, 01 August 2017 Q2 2017 Earnings Disclosure 03 Forward Looking Statements This presentation may contain statements that constitute forward-looking
More informationSpecial Report N0: Link between the financial inclusion and Economic Growth: Unconventional Monetary Policy in Bangladesh
Special Report N0: 1502 Link between the financial inclusion and Economic Growth: Unconventional Monetary Policy in Bangladesh By Dr. Sayera Younus, Deputy General Manager, Monetary Policy Department Bangladesh
More informationDutch-Bangla Bank Limited
(DBBL) signed a tie-up with the MasterCard Worldwide to offer 'MasterCard' payment solutions to its valued customers and merchants. Mr. Mugizhnan Sambandhamoorthy, Senior Manager, National Key Accounts
More informationSECTOR ASSESSMENT (SUMMARY): FINANCE
Country Partnership Strategy: Timor-Leste, 2016 2020 SECTOR ASSESSMENT (SUMMARY): FINANCE Sector Road Map A. Sector Performance, Problems, and Opportunities 1 1. Timor-Leste s financial sector remains
More information