Financial Performance of National Bank Limited Essay

A Road Show from Teknaf to Tetulia was arranged under initiative of Bangladesh bank and participated by all the Banks for creating awareness on SME financing, agriculture credit, prevention of money laundering and foreign remittance through banking channel for the period from 26 - Financial Performance of National Bank Limited Essay introduction. 03. 2010 to 02. 04. 2010. National Bank Limited nominates as Lead Bank in this regards. The Road show was inaugurated by Dr. Atiur Rahman, Governor of Bangladesh Bank in Teknaf on 26. 03. 2010. The Road Show reached in Chittagong on 27. 03. 2010. In this connection a banks fair arranged by all participating Banks at “Woodland Park” Muradpur, Chittagong.

Large number of Prospective general & SME entrepreneurs, Bankers, Farmers, Business representatives, beneficiary of foreign remittance and representatives of learned society participated in this fair. Besides, a discussion meeting was held on the occasion. Md. Abdur Rahman Sarkar, Managing Director of National Bank Limited presided over the meeting. Abduch Salam, Chairman of Chittagong Development Authority (CDA) & President of Chittagong Metropoliton Chamber of Commerce and Industries was present as Chief guest in this meeting. Kaizar A Chowdhury, Managing Director, AB Bank Ltd. , M.

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Mahfuzur Rahman, Sukumol Singha Chowdhury & Md. Nowshad Ali Chowdhury, General Managers of Bangladesh Bank were present as special guests. Md. Badiul Alam, Deputy Manging Director & Regional Head, Chittagong, National Bank Limited delivered his welcome address in the meeting. The program ended with a beautiful cultural program participated by the bankers. Saidur Rahman, Senior Asstt. Vice President of the National Bank Ltd. conducted the whole program. The 27th Annual General Meeting of National Bank Limited held on 25th March, 2010 at Bangabandhu International Conference Center, Dhaka.

Moazzam Hossain, Chairman of the Bank presided over the meeting. More than five thousands Shareholders including the Directors of the Bank attended in the meeting. The Shareholders approved 55% Bonus Shares for the year ended 31st December, 2009. The Chairman in his inaugural speech said that the Bank has achieved a remarkable success in the year 2009 because of timely implementation of appropriate measures and directives of Board of Directors, good advices of Shareholders and concerted efforts of Bank’s employees of all level. The Earning Per Share (EPS) stood at Tk. 2. 74 in the year 2009 while the EPS for the year 2008 was Tk. 53. 31 despite 52% increase of Paid-up Capital of the Bank, he also added. Besides a large numbers of the shareholders, Zainul Haque Sikder, Parveen Haque Sikder, Khalilur Rahman, Prof. Mahbub Ahmed, Ron Haque Sikder, Rick haque Sikder, Mabroor Hossain, A K M Enamul Hoque Shameem, Lt. Col. (Rtd. ) Md Azizul Ashraf, Psc & Capt. Abu Sayeed Monir Directors and Md. Abdur Rahman Sarker, Managing Director of the Bank & A K M Shafiqur Rahman, Secretary to the Board were also present in the meeting.

A discussion meeting held regarding SME loan at Zilla Shilpakala Academy auditorium in Jamalpur organized by National Bank Limited, Jamalpur Branch. Dr. Atiur Rahman, Governor of Bangladesh Bank was graced the occasion as chief guest. The BB Governor also distributed SME ‘Loan Sanction letter of Total Taka 43 lac issued by the NBL Jamalpur Branch among the women entrepreneurs of the area. Moazzem Hossain, Chairman, National Bank Limited presided over the meeting while Md. Abdur Rahman Sarker, Managing Director delivered his welcome addresses.

The discussion meeting was attended by Khandarker Ibrahim Khaled, Chairman, Bangladesh Krishi Bank, Mir Abdur Rahim, Executive Director & S M Moniruzzaman, General Manager, Bangladesh Bank, Rezaul Karim Reznu, President, Jamalpur Chamber of Commerce and Industry and A K M Shafiqur Rahman, SE VP & Company Secretary of NBL. Two local SME entrepreneurs spoke on the occasion. The BB Governor visited some Handicraft show room of Jamalpur Town and participated in a question-answer session with the SME woman entrepreneurs and borrowers.

Saidur Rahman, Senior Asstt. Vice President of the Bank conducted the whole program. National Bank Limited has signed an Agreement with Asian Development Bank (ADB) on Trade Finance Facilitation Program (TFFP) at a local hotel in Dhaka recently. The Agreement was signed by Md Abdur Rahman Sarker, Managing Director of National Bank Limited & CEO and Shamsul Huda Khan, Senior Executive Vice President & Head of International Division on behalf of National Bank Limited and Paul J Heytens, Country Director on the part of Asian Development Bank.

The Trade Finance Facilitation Program (TFFP) is the first region-wide program undertaken by the ADB aimed at helping banks in developing member countries (DMCs) to provide trade finance products to importers and exporters. Besides, Hossain akhter Chowdhury, Vice President of of National Bank Limited and Gobinda Bar, Head of External Relations of Asian Development Bank were also present at the signing ceremony. National Bank Limited has got the ICMAB Best Corporate Performance Award -2008 in the ‘Private Banking category.

This award is the testimony of Transparancy, Accountability, Good Corporate Governance and the Soundness of the Bank. Md. Abdur Rahman Sarker, Managing Director of the National Bank Limited received the. award from the Speaker of the Jatiyo Sangsad, Md. Abdul Hamid Advocate, M. P. in a ceremony held recently at the BICC in the city organized by the Institute of Cost and Management Accountants of Bangladesh. Among others Mohsin-Ul-Karim & Azizur Rahman Deputy Managing Directors of the Bank were present on the occasion.

National Bank’s adherence to transparency in operations, providing public disclosure and maintaining high confidence of the stake-holder and public at large and commitments to corporate social responsibility, resulted in this rare recognition. It is noteworthy that the Board of Directors and Management of National Bank Limited have constantly been pursuing a policy of management efficiency, superior asset quality and corporate governance since its inception in 1983.

National Bank Limited has signed an agreement with Flora Telecom Limited recently at Bank’s Head Office to supply, customization and Implementation of Temenos T-24 centralized online Banking solution. In order to meet the growing demands of the customers, compliance of regulatory body and to transform the bank into a world-class financial service provider, National Bank has decided to go for a robust and centralized online banking solution that will ensure greater quality, productivity and performance.

Managing Director & CEO of National Bank Limited Md Abdur Rahman Sarker, and Mustafa Rafiqul Islam, Managing Director of Flora Telecom Limited signed the agreement on behalf of their respective organizations. Among others Deputy Managing Directors Mohsin-Ul-Karim & Masqur Ahmed, Vice President & Head of IT Kazi Kamal Uddin Ahmed of National Bank Limited and S M Waesh, Executive Vice President of Flora Telecom Ltd. and Rivindra Pathare, Business Development Manager & Md Abdul Hamid Country Manager of Temenos Bangladesh and other high officials of both organizations were present on the occasion.

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