The 8th Annual General Meeting (AGM) of NRBC Bank Limited was held via a digital platform

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The Policy Times Dhaka Bureau:
The 8th Annual General Meeting (AGM) of NRBC Bank Limited took place on Saturday June 26, 2021 at 12:00 p.m. via the digital platform “Zoom in”.

The AGM was conducted via virtual media in accordance with the guidance of the regulatory body BSEC due to the Coronavirus pandemic. Mr.SM Parvez Tamal, the Honorable Chairman of the Board of Directors chaired the meeting. All directors, sponsors, a large number of shareholders, the Managing Director and CEO Golam Awlia and the external auditor of the Bank attended the meeting on a virtual platform. Company Secretary Md. Mozammel Hossain chaired the meeting. President SM Parvez Tamal presented the Bank’s 2020 Annual Report and Directors’ Report to the Honorable Shareholders. Shakib Al Hasan, the world number one in versatile cricket also attended the meeting as a prominent shareholder of this bank.

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The 8th Annual General Meeting (AGM) of NRBC Bank Limited was held via a digital platformThe shareholders present at the AGM approved 12.5% ​​consisting of 5% shares and 7.5% cash dividend for the year ended 2020. Apart from this, the adoption and approval of last year’s financial statements, retirement and re-election of 04 directors and other agendas approved in general meeting by shareholder vote. The NRBC bank experienced tremendous growth in all financial parameters in 2020 in the context of the Corona virus pandemic. The bank’s deposit increased 25% from Tk 7,185 crore to Tk 9,017 crore in December 2020. Loans increased by 20.67%. At the end of last year the debt amounted to Tk 7,483 crore; last year it was 6,201 crore. Net profit increased from Tk 114 crore to Tk. 134 crores. Earnings per share amounted to Tk 2.31. The bank’s NPL rate is only 2.93%. The bank has demonstrated financial soundness by saving 12.52% of its capital adequacy ratio (CAR). It was informed during the AGM discussion that NRBC Bank is a strong partner of government for revenue collection. NRBC Bank lends money to people in an easy process. Microcredit programs have been set up for this purpose. Under this banking partnership program, loans will be given to 1 lakh of marginalized people over the next year so that they can become self-reliant by organizing their own work. In addition to banking activities, the bank has been on the side of those affected by Corona. NRBC Bank has been qualified as “Humanitarian bank” for its various activities, including the distribution of medicines, PPE, masks, hand sanitizers, hand gloves and the distribution of money to the poor.

Bank Chairman SM Parvez Tamal said that NRBC Bank is not only a profitable business organization, but also a service provider institute. The bank is working to change the fate of the people in general. The bank recently launched a microfinance program aimed at creating self-reliance through the employment of at least 1 lakh of marginalized people. Bangabandhu Sheikh Mujibur Rahman‘s the dream was to build Sonar Bangla through economic liberation. NRBC Bank works in harmony with the vision of the current government for the implementation of Sonar Bangla. Bank services are reaching people’s doors during the coronavirus crisis. For this, branches, sub-branches, stands and other service centers are established all over the country. The bank receives bills from the Treasury to be a partner in collecting government revenue.

Shakib Al Hasan said that as a general investor, we benefit from investing in NRBC Bank because the company is incorporated and run by effective guidelines and guidance from its careful board members who are all Successful NRB. Banks non-performing loans (NPL) are very negligible, as a result of its due diligence in all areas of its banking activities. We believe that stakeholders and customers will benefit even more in the future. NRBC Bank continues its customer-oriented services which help generate more jobs across the country.

As of June of this year, the bank had 83 branches and 450 sub-branches; These include the BRTA collection counters, rural electricity bill collection counters, land registry office counters and DPDC and DESCO bill collection counters. In addition, the bank has 596 agent points across the country. NRBC Bank is forging ahead in remote areas of the country with all of its activities serving the population.

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The 8th Annual General Meeting (AGM) of NRBC Bank Limited was held via a digital platform

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The AGM was conducted via virtual media in accordance with guidance from the BSEC regulator due to the ongoing nationwide coronavirus pandemic.

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TPT Information Office

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POLITICAL TIMES

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