Bangladesh Development Bank Ltd (BDBL), a state-owned specialised bank, has earned Tk 686 million net profit during 2011.

The Bank during the year disbursed Tk 785.6 million credit and recovered Tk 1.65 billion.

This was revealed at the second Annual General Meeting (AGM) of the Bank held at the BDBL Bhaban in Dhaka.

Senior Director Professor Shanti Narayan Ghosh presided over the AGM. Managing Director Dr. Md. Jillur Rahman, Deputy Secretary of Finance Ministry, Mamun Al Rashid, Directors, were present at the meeting.

The AGM approved BDBL’s annual accounts for 2011.

The meeting also revealed that BDBL has paid Tk 50.3 million to the government and Tk 522.2 million to Bangladesh Bank in the year.

Addressing the AGM Dr. Jillur Rahman said that the Bank’s deposit has increased by Tk 1.45 billion in 2011 compared to 2010.

All the indexes of the Bank have been improving due to various positive initiatives taken by the bank last year. Against Tk 4 billion capital of the Bank, there is a deposit of Tk 10.30 billion, which is needed for the year 2011, signaling that the bank has no provision deficiency, Dr. Jillur added.

The Daily Sun/Bangladesh/ 27th June 2012