The state-owned Rupali Bank Limited has been able to maintain a steady progress in its business during last four years as most of the key indicators shown upward trend.

The bank kept its development pace during the period by reducing the number of loss-making branches, disbursing more loans, opening new branches, channeling increased funds from expatriate Bangladeshis, introducing online banking and launching a number of ATM booths across the country.

With all these initiatives, the bank has been regaining its image day-by-day, bank sources claimed. It was learnt that the bank’s total deposit in 2010 was Tk 9,112.38 crore, which rose to Tk 10,723.40 crore in 2011, Tk 13,659.88 crore in 2012 and Tk 17,795 crore in 2013. The growth rate in deposit was 30.27 percent.

The amount of total loan and advance of the bank was Tk 6,604.90 crore in 2010 while it was Tk 7,652.49 crore in 2011. The amount of classified loan was Tk 790.27 crore in 2010 while it fell to Tk 310.78 crore in 2011. The bank brought Tk 2,114 crore remittance in 2011, which increased to Tk 2476 crore in 2012, sources said. In 2010, the total profit of the bank was Tk 244.69 crore while it was Tk 360.36 in 2011, Tk 370.46 crore in 2012. The bank did not open any branch before 2011. Since 2011, about 40 new branches were opened in different districts across the country. Now the bank has been operating 38 ATM boots and 131 branches.

News:Daily Sun/18-May-2014