Executive Summary

Agrani Bank Limited, a leading commercial bank with 876 outlets strategically
located in almost all the commercial areas throughout Bangladesh, overseas
Exchange Houses and hundreds of overseas Correspondents, came into being as
a Public Limited Company on May 17, 2007 with a view to take over the
business, assets, liabilities, rights and obligations of the Agrani Bank which
emerged as a nationalized commercial bank in 1972 immediately after the
emergence of Bangladesh as an independent state. Agrani Bank Limited started
functioning as a going concern basis through a Vendors Agreement signed
between the ministry of finance, Government of the People's Republic of
Bangladesh on behalf of the former Agrani Bank and the Board of Directors of
Agrani Bank Limited on November 15, 2007 with retrospective effect from 01
July, 2007.
Agrani Bank Limited is governed by a Board of Directors consisting of 13
(thirteen) members headed by a Chairman. The Bank is headed by the
Managing Director & Chief Executive Officer; Managing Director is assisted by
Deputy Managing Directors and General Managers. The bank has 11 Circle
offices, 25 Divisions in head office, 54 zonal offices and 876 branches including
27 corporate and 40 AD (authorized dealer) branches.

1
Board of Director

Dr. Khondoker Bazlul Hoque

Chairman

Mr. Ranjit Kumar Chakraborty

Director

Mr. Shekhar Dutta

Director

Mr. Syed Abdul Hamid

Managing Director & CEO

2
Hierarchy of Agrani Bank Ltd.

3
Bank Divisions
Branch & Subsidiaries / Unit Control Division
Company Affairs & Board Division
Credit Policy & Credit Risk Management Division
Establishment & Engineering Division
HR Discipline, Grievances & Appeal Division
HR Planning, Deployment & Operations Division
HR Training, Research & Development Division
Industrial Credit Division
Information Technology & MIS Division
Internal Control & Compliance Division
Planning, Co-Ordination & Marketing Division
Procurement & Common Services Division
Recovery and NPA Management Division
Rural Credit Division
SME Credit Division
Treasury Division
Vigilance Division
International Trade & Foreign Currency Management Division Foreign
Remittance & Card Division
Law Division
Central Accounts Division
Reconciliation Division
Audit & Inspection Division
Public Relation Division
Core Risk Management & Basel-2 Implementation Division

4
 Online Banking:

Sl. Name of Branches Branch Address Mail Address

1 Principal Branch, Dhaka Dilkusha C/A, Motijheel, br4006@bangla.net
Dhaka-1000.
2 Ramna Corp. Branch, Dhaka 18, Bangabandhu Avenue br2531@bangla.net
Road, GPO, Ramna,
Dhaka.
3 Bangabandhu Avenue Corp. Branch, 31, Bangabandhu Avenue br1170@bangla.net
Dhaka Road, GPO, Ramna,
Dhaka.
4 Shaheb Bazar Corp. Branch Rajshahi Shaheb Bazar, br2645@bangla.net
Ghoramara, Boalia,
Rajshahi-6100.
5 Rangpur Branch, Rangpur Central Road, Rangpur, br2661@bangla.net
Kotwali, Rangpur-5400.
6 Sir Iqbal Road Corp. Branch, Khulna 15, S.I.Road, Khulna- br1223@bangla.net
9100.
7 Chack Bazar Branch, Barisal Enaetur Rahman Sarak, br2412@bangla.net
Barisal, Kotowali,
Barisal-8200.
8 Faridpur Branch, Faridpur Thana Road, Faridpur, br3096@bangla.net
Kotwali, Faridpur.
9 New Market Corp. Branch, 886/904,H.S.Suhrawardy br3287@bangla.net
Chittagong Road, GPO, Kotwali,
Chittagong
10 Commercial Area Corp. Branch Agrabad Commercial. br2844@bangla.net
Chittagong Area, Chittagong-4100.
11 Laldighirpar Corp. Branch, Sylhet Laldighir Par, Sadar, br2680@bangla.net
Sylhet-3100.
12 Banani Corp. Branch, Dhaka 26, Kamal Attaturk br8686@bangla.net
Aveneu, Banani, Gulshan,
Dhaka-1213
13 Hotel Sheraton Corp. Branch, Dhaka Hotel Sheraton, br3945@bangla.net
Shahbagh, Dhaka.
14 Green Road Corp. Branch, Dhaka Green Road, Dhaka. br3929@bangla.net
15 Bangabandhu Road Corp. Branch, 32, Bangabandhu Road, br1268@bangla.net
Narayangonj Narayangonj-1400.
16 Tejgaon Corp. Branch, Dhaka Tejgaon, Dhaka. br2550@bangla.net
17 EPZ Corp. Branch, Chittagong Bay Shopping Center, br9864@bangla.net
Chittagong.

18 Chowmuhani Branch, Noakhali D.B Road, Chowmohani, br2481@bangla.net

Begumgonj, Noakhali-
3821.
19 Rajgonj Branch, Comilla Chawk Bazar Road, br1085@bangla.net
Comilla, Sadar, Comilla-
3500.
20 Thana Road Branch, Bogra Satmatha, Bogra-5800. br2438@bangla.net
21 Maldahapatti Branch, Dinajpur Basuniapatty, Dinajpur, br2568@bangla.net
Kotowali, Dinajpur-5260.

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22 Court Road Corp. Branch, 52/1 Court Road, br3322@bangla.net
Narayanganj Narayangonj-1400.
23 Jessore Branch, Jessore Shahid Road, Sadar, br1162@bangla.net
Jessore-7400.
24 Bara Bazar Branch, Kustia N.S Road (Bara Bazar), br2600@bangla.net
Kustia-7000
25 Clay Road Corp. Branch, Khulna Khan A Sobur Road, br2584@bangla.net
Khulna City, Kotowali,
Khulna-9100.
26 Asadganj Corp. Branch, Chittagong Ram Joy Mahajan Lane, br2783@bangla.net
G.P.O.Chittagong.
Kotwali, Chittagong.
27 B. WAPDA Corp. Branch, Dhaka WAPDA, G.P.O, br2791@bangla.net
Motijheel, Dhaka-1000
28 Laldighi East Corp. Branch, 1012-1013 Laldighi East ldeastbr@agranibank.o
Chittagong Side, G.P.O. Chittagong, rg, br2454@bangla.net
Kotwali, Chittagong-4000
29 Moulvi Bazar Corp. Branch, Dhaka Al-Falah Market, 144, br2507@bangla.net
Mitford Road, Chawk
Bazar, Lalbag, Dhaka
30 Nowabpur Corp. Branch, Dhaka 243-244, Nawabpur Road, br2515@bangla.net
Nawabpur, Kotwali,
Dhaka.
31 Sadarghat Corp. Branch, Dhaka Greatwall Shopping br2542@bangla.net
complex, Sadarghat,
Sutrapur, Dhaka.
32 Strand Road Corp. Branch, 15, Strand Road, br2462@bangla.net
Chittagong G.P.O.Chittagong.
Kotwali, Chittagong-
4000.
33 WASA Corp. Branch, Dhaka Kawran Bazar, Dhaka. br4786@bangla.net
34 Foreign Exchange Branch, Dhaka 1/D, DIT Avenue, GPO, br6009@bangla.net
Motijheel, Dhaka-1000.
35 Purana Paltan Corp. Branch, Dhaka 56, Purana paltan, GPO, br6423@bangla.net
Dhaka-1000
36 Amin Court Corp. Branch, Dhaka 62/63, Motijheel C/A, br1242@bangla.net
Motijheel, Dhaka-1000
37 Jahan Building Corp. Branch, Jahan Building, 24, br1016@bangla.net
Chittagong. Agrabad, Bandar, Double
Mooring, Chittagong-
4100
38 Gazipur Branch, Gazipur Majeda Complex, br3502@bangla.net
Joydebpur, Gazipur-1700
39 Dhammondi Branch, Dhaka. H#2, R#14, Sobhanbagh, br8052@bangla.net
Mirpur Road, Zigatola,
Dhanmondi, Dhaka-1209
40 Gulshan Branch, Dhaka. Gulshan, Dhaka br9787@bangla.net
41 Dhaka University Branch, Dhaka. Karzon Hall, GPO, br9612@bangla.net
Shahbag, Dhaka-1000
42 Jatrabari Branch, Dhaka. Jatrabari, Dhaka-1204 br9328@bangla.net
43 Uttara Model Town Branch, Dhaka. Uttara, Dhaka br8002@bangla.net

6
 Corporate Social Responsibility

Focus
As an integrated part of the Corporate Social Responsibility (CSR), Agrani
Bank Limited is much aware in support of environmentally sustainable social
development since its introduction. The Bank is committed to CSR towards the
community. Our ethics are clear i.e. not to earn excessive profits, our vision is
to build up a society where human dignity and human rights receive the highest
consideration and evaluation. Our motto is also to improve the society and its
culture by means of CSR. Its activities are related to the needs of our valued
customers, shareholders, the employees and communities.

a) Shareholders

The bank is fully committed to the interest of our shareholders .We increase our
shareholders value by optimizing financial performance at least cost.

b) Valued Customers

Our customers are our business partners and we sincerely strive to improve our
business relationship with our customers for our mutual benefits. We are
offering different financial products and services to meet their need with the
higher degree of ethics. We feel proud to provide our services to our valued
customers without any hidden cost.

7
c) Environment

Our corporate social responsibility contributes generously to the development of

Green Banking. Our lending policies with regard to environmental management
are responsive to emergency support needs of population groups affected in
natural and manmade disasters and thus nourishing the environment.

d) Business Partners

We always try to maintain a good business relationship with our business

friends for our mutual growth and development. Our relationship is based on
mutual trust and respect. We transact with them in a fair and transparent way.

e) Regulators

As a responsible corporate body, we conform to all of the stringent regulations

issued by the Government of the People's Republic of Bangladesh and the
Bangladesh Bank.

f) Employees

Human resources are the key to our success .We consider the human resources
as a tool for development. As usual, the Staff Welfare fund which is run by
Bank's employees out of their regular contribution, continued to stand by its
members for their well being. There is a Board of Trustees to provide financial
support to the staff members as admissible under the rules on their termination
or retirement from the bank services or to their nominee's or legal heirs in case
of death. To this end, two trusts Agrani Bank Limited Employees provident

8
fund Trust and Agrani Bank Limited Super Annuation Fund Trusts are in
operation. For the recreational programme the Bank patronizes sports and
cultural events with a very spontaneous fervour.

g) Community

As an integrated part of Corporate Social Responsibility (CSR), we contribute

generously to the nourishment of the country's education and healthcare, art,
culture and sports. We share all sorts of values & sentiments irrespective of
caste, creed or colour. We keep the door open for empowerment of women
workforce to ensure a level playing field in terms of promotion, placement and
delegation of power.

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Sectors facilitated against CSR is appended below:

Figure in lac
Sl. No. of
Nature of Work Amount
No. beneficiaries
01 Education 344.55 38
02 Health 51.81 82
03 Natural Disaster 2.00 7
04 Sports 20.10 9
05 Art & Culture 79.46 28
Muktijoddha
06 30.00 1
Jadughor
07 Others 43.81 17
Total: 571.73 182

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 Services
Cash Services
ATM Services
Cheque Encashment
Foreign Currency
Fund Transfer
Inter-branch Money Transfer
Swift
Telegraphic Transfer
Issuing & Enchasing Foreign Drafts
Value Added Services
Locker Services
Agency Services
Inland Remittance
LOCKER SERVICE :

LOCKER SERVICE : For safekeeping of customers' valuables like important

documents and goods like jewelries and gold ornaments, Agrani Locker Service
is available in most of the Branches in urban areas.

Nature of
Nature of Service Rate of Charges
Charges

a) Yearly TK.900/= for small size

locker
Custody of Locker / b) Yearly TK.1200/= for medium size
Rent
Safe locker
c) Yearly TK.1800/= for big size
locker

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 Personal Banking

Savings Accounts:

Savings Bank Account can be opened in any branch of Agrani Bank by any
Bangladeshi citizen in the name of an individual or a group of individuals which
can be operated singly or jointly:

Requirements for opening a Savings Bank Account:

Account Opening Form to be duly filled out and submitted to a chosen branch
of Agrani Bank along with three passport sized copies of the applicant's recent
photograph duly attested by an introducer who must be an Account Holder of
any Branch of Agrani Bank. Attested copy of Bangladesh Passport of the
applicant may also serve as an Introducer

An initial deposit of Tk. 100/- is required for opening of the A/c.

Minimum balance of Tk. 50/- to be maintained in the A/c.

A Savings Bank Account may also be opened in the name of a minor which
has to be operated by the minor's guardian.

An account in the name of an illiterate person can also be opened which is to

be operated by the Account Holder's thumb impression. For each and every

12
 transaction of the Account the illiterate Account Holder has to present
himself/herself before the concerned Branch officials.

All required information as per terms mentioned in the Account Opening

Form

Interest for the Account is applied in June and December on monthly product
basis.

An amount of Tk. 20,000/- or 25% of the balance, whichever is lower, can be

withdrawn at a time from the account; two withdrawals per week are
permissible. Otherwise, the Account is deprived of interest accrued in the
month when the permissible provisions are not complied by.

Fixed Deposit Account:

Opening a Fixed Deposit Account for different terms with any Branch of Agrani
Bank is very simple. Any individual or a group of individuals can step in to any
Branch of AgranBank, fills out a prescribed form, hand out over the counter
cash or easily cashable instrument of any amount and leave the Branch with a
Fixed Deposit Receipt

Loans:

Agrani banks offers four kinds of loans

1. Home Loans
2. Consumers Loans
3. Loan for Overseas Employee
4. Loans against salary

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 ATM Services
Agrani Bank Limited has launched Debit card under a shared system. The
shared ATM system is maintained by Cash Link Bangladesh Limited (CBL).
The following banks are in the said shared ATM system.

 Agrani Bank Limited

 AB Bank Ltd.
 Bank Asia Ltd.
 Islami Bank Bangladesh Ltd.
 Social Investment Bank Ltd.

Facilities of ATM/DEBIT Card:

 Cash transactions.
 Balance inquiry.

Annual fee for ATM/DEBIT card

For Customer:

 Issue fee is TK.250.00

 Renewal fee is TK.250.00
 Replacement fee is TK.200.00

For Bank Personnel:

 Issue fee is TK.125.00

 Renewal fee is TK.125.00
 Replacement fee is TK.200.00

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Cards:

Debit cards:

Agrani Bank Limited has launched Debit card under a shared system. The
shared ATM system is maintained by Cash Link Bangladesh Limited (CBL).
The following banks are in the said shared ATM system.

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Foreign Remittance Exchange House List:
SL No. Name of Exchange House Country Address
1 Mr. M. Wahidul Haque Chairman AB Bank Ltd.
2 Mr. M. Wahidul Haque Director AB Bank Ltd.
3 Mr. M. Wahidul Haque Director AB Bank Ltd.
4 Mr. M. Wahidul Haque Director United Commercial Bank Ltd.
5 Mr. M. Wahidul Haque Director United Commercial Bank Ltd.
6 Mr. M. Wahidul Haque Director Southeast Bank Ltd.
7 Mr. M. Wahidul Haque Director Southeast Bank Ltd.
8 Mr. M. Wahidul Haque Director Networld Bangladesh Ltd.
9 Mr. M. Wahidul Haque Director Networld Bangladesh Ltd.
10 Mr. M. Wahidul Haque Director Euronet Worldwide Inc.
11 Mr. M. Wahidul Haque Managing Director CashLink Bangladesh Ltd.

16
 Commercial Banking:
Current Account:
Current account means any account which pays little or no interest but form
which the customer can withdraw money when he wants by writing cheque
during a working day. This type of accounts may be established in the name of
individual or firms. This account is best suited for a business man.

Fixed Deposit Account:

Opening a Fixed Deposit Account for different terms with any Branch of Agrani
Bank is very simple. Any individual or a group of individuals can step in to any
Branch of AgranBank, fills out a prescribed form, hand out over the counter
cash or easily cashable instrument of any amount and leave the Branch with a
Fixed Deposit Receipt.

Investment Banking:
Loan Syndication:
Agrani Bank Limited as a state owned commercial bank has to play important
role in translating the Governments development plans in terms of growth in
industrial, commercial and agricultural sector in Bangladesh. Accordingly the
bank has formulated its credit policy under the guidelines of Bangladesh Bank
the Central Bank of Bangladesh.

Why Syndication Financing?

Risks by nature are extremely volatile and unpredictable. This makes it urgent
for the Bank to involve its risk management strategy in a way that best protects
our interests

17
against any insidious transaction. For reduction the lending risk Syndication
Finance is most popular financing system.

What is Syndication Financing?

Syndication means joint financing by more than one bank to the same borrower
against common terms and condition governed by common documents.
Major Objectives of Syndication Financing:
 To spread and share the credit risk among all the participating banks or
financial institutions.
 In case of large loan to comply central bank's instructions.
 Analyzing the project viability from various angles by the syndicate
members.
 To promote entrepreneur to establish large industry.

Syndication Financing History of Agrani Bank Limited:

After 1980's Agrani Bank Limited has started consortium financing and funding
a few successful projects chronologically it terms in to syndication financing
and our Bank has started syndication financing from last 10 years. The Bank
continues its participation in syndicated lending arrangements. The Bank
continues to aggressively invest in well structured syndicated transactions. As
lead Arranger and participating member bank

Agrani Bank Limited has financed in the following sectors:

 Textile
 Garments
 Steel & Re-rolling
 Hospital
 Universities

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  Chemical
 Power, etc
List of Syndication financed by Agrani Bank Limited.
As Lead Arranger our Bank has financed 13 (Thirteen) nos. of large projects &
as participating member bank has financed 55 (fifty Four) nos.of successful
projects.
A. As Lead Arranger:
SL No Name of the Borrower
01. Hotel Saint Martin Ltd.
02. The Dacca Dyeing & Manufacturing Co. Ltd.
03. East West Property Developments (Ptv.) Ltd.
04. Shahabuddin Medical College & Hospital Ltd.
05. Heart Beat Clinic Ltd.
06. BSRM Steels Ltd.
07. Green Life Hospital Ltd.
08. Wisteria Textile Ltd.
09. Energis Power Corporation Ltd..
10. Bashundhara Food & Beverage Industries Ltd.
11. Dutch Bangla Power & Associates Ltd.
12. IEL Consortium & Associates Ltd.
13. Power Pac Motiara Keranigong Power Plant Ltd..
B. As Participating Member Bank:
SL No Name of the Borrower
01. Tairunnessa Memorial Medical Center Ltd.
02. Shamim Composite Textile Mills Ltd.
03. Aegis Cotton Mills Ltd.
04. Anlima Textile Ltd.
05. K Y C R Coil Ind. Ltd.
06. Beximco Pharmaceuticals Ltd.
19
07. Jamuna Spinning Mills Ltd.
08. Silver line Composite Mills Ltd.
09. Diabetic Association of Bangladesh Health Care Development
Program (DABHCDP)
10. Karim Spinning Mills Ltd.
11. Becon Pharmaceuticals Ltd.
12. Padma Weaving Ltd.
13. Lina Paper Mills Ltd.
14. Imperial Hospital Ltd.
15. Rowshan Are Cotton Mills Ltd..
16. Alltex Spinning Ltd..
17. Diamond Spinning Ltd..
18. Karoni Knit Composite Ltd..
19. T.M International Bangladesh Ltd.
20. Grameen Phone Ltd.
21. Shun Shing Power
22. Pacific Bangladesh Telecom Ltd.
23. F C I Beverage Ltd. (Qibla Cola)
24. ARKAY Cotton Spinning Mills Ltd.
25. Dhaka Telephone Co Ltd.
26. Aegis Composite Textile Mills Ltd.
27. Ranks Telecom Limited
28. Samuda Chemical Complex Ltd.
29. Warid Telecom International Ltd.
30. RFL Plastic Limited
31. Front Line Spinning Mills Ltd.
32. Bangladesh Telecom Ltd.
33. Ibrahim Iqbal Memorial Hospital Ltd.

20
34. Unique Power Plant Ltd.
35. Faisal Spinning Mills Ltd.
36. BRAC
37. North South University
38. Cashlink Bangladesh Ltd.
39. Summit Purbanchol Power Company Limited and Summit
Uttaranchol Power Company Ltd.
40. Shampa Flowers Mills Ltd.
41. Banga Building Materials Ltd.
42. ACI Logistics Ltd.
43. Keya Yarn Mills Ltd.
44. Beuro Bangladesh
45. United Cotton Mills Ltd.
46. Bangle lion Communications Ltd.
47. BRAC Secutisation Ltd.
48. Nasir Glassware & Tube Ind. Ltd.
49. Super Petrochemical (Pvt.) Ltd.
50. Fakir Chemicals Ltd.
51. Glory Spinning Ltd.
52. RR Spinning Mills Ltd.
53. Prime melange Yarn mills Ltd.
54. Desh Energy Ltd.
55. Meghna Seeds Crushing Mills Ltd.

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 Business Banking:
Current Account
Call Deposits
Agrani Bank Shilpa Unnayan Bond
Cash Credit (Hypo)
Cash Credit (Pledge)
Secure Overdraft (SOD)
Temporary Overdraft (TOD)
Industrial Credit (IC)
Export Cash Credit
Trade Finance
Trade Finance
Import Finance
Loan Against Imported Merchandise (LIM)
Loan Against Trust Receipt (LTR)
Loan Against Export Development Fund (EDF)
Payment Against Documents (PAD)
Export Finance
Export Cash Credit
Pre-shipment Credit
Packing Credit
Foreign Bills Purchase (FBP)

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Current Account:
Current account means any account which pays little or no interest but form
which the customer can withdraw money when he wants by writing cheque
during a working day. This type of accounts may be established in the name of
individual or firms. This account is best suited for a business man.

Agrani Bank Shilpa Unnayan Bond:

Agrani Bank Shilpa Unnayan Bonds of TK 50,000 TK 100,000 & TK 500,000
denominations were introduced in July 1999 with a view to accumulating a
fund of Taka 500 crore to finance industrialization. Purchaser of this Bond can
separately withdraw the accumulated interest of six months. The purchaser
enjoys a lot of Tax benefits.

Agrani Bank Shilpa Unnayan Bond for 5 years 10%

Agrani Bank Shilpa Unnayan Bond for 7 years 11%

Agrani Bank Shilpa Unnayan Bonds may be purchased from the following
designated Branches of Agrani Bank Ltd.:
01. Principal Branch, Dhaka 02. Amin court Branch, Dhaka

03. Bangabandhu Avenue Branch,

04. Foreign Exchange Branch, Dhaka
Dhaka

05. Purana Paltan Branch, Dhaka 06. Ramna Branch, Dhaka

07. B.WAPDA Branch, Dhaka 08. WASA Bbranch, Dhaka

09. Green road Branch, Dhaka 10. Hotel Sheraton Branch, Dhaka

11. Gulshan Branch, Dhaka 12. Dhamondi Branch, Dhaka

23
13. Banani Branch, Dhaka 14. Nawabpur Road Branch, Dhaka

15. Moulvi Bazar Branch, Dhaka 16. Court Road Branch, Narayangonj

17. Bangabandhu Road Branch,

18. Munshigonj Branch, Munshigonj
Narayangonj

19. Narshindi Branch, Marshindhi 20. Gazipur Branch, Gazipur

21. Manikgonj Branch,Manikgonj 22. Chotto Bazar Branch, Mymensing

23. Tangail Branch, Tangail 24. Jamalpur Branch,Jamalpur

25. Sherpur Branch, Sherpur 26. Kishoregonj Branch, Kishoregonj

27. Netrokona Branch, Netrokona 28. Faridpur Branch, Faridpur

29. Madaripur Branch,Madaripu 30. Gopalgonj Branch,Gopalgonj

31. Rajbari Branch, Rajbari 32. Laldhighi East Branch,Chittagong.

33. Agrabad (Jahan Building )

34. Commercial Area Branch, Chittagong
Chittagong.

35. Asadgonj Branch, Chittagong 36. Khatungonj Branch,Chittagong

37. New Market Branch, Chittagong 38. Chaktai Branch,Chittagong

40. Banderban Branch, Chittagong Hill

39. Kapashgola Branch, Chittagong
Tracks

41. Cox's Bazar Branch, Cox's Bazar 42. Khagrachari Branch, Rangamati

43. Rangamati Branch, Rangamati 44. Station Road Branch, Chandpur

45. Monohor pur Branch, Comilla 46. B-Baria Branch,B-Baria

47. Feni Branch,Feni 48. Chowmohani Branch, Noakhali

49. Luxmipur Branch, Luxmipur 50. Laldhighir Par, Sylhet

51. Moulvi Bazar, Moulvibazar 52. Habigonj Bazar, Habigonj

24
 54. Chapai Nawabgonj Branch, Chapai
53. Shaheb Bazar Branch, Rajshahi
Nawabgonj.

55. Natore Branch, Natore 56. Naogaon Branch, Naogaon

57. Abdul Hamid Road Branch,

58. S.S.Road Branch, Sirajgonj
Pabna

59. Thana Road Branch, Bogra 60. Joypur Hat Branch, Joypurhat

61. Maldahpatty Branch, Dinajpur 62. Thakurgaon Branch, Thakurgaon

63. Panchagar Branch, Panchagar 64. Rangpur Branch, Rangpur

65. Gaibandha Branch, Gaibandha 66. Nilphamari Branch, Nilphamari

67. Kurigram Branch, Kurigram 68. Sir Iqbal Road Branch, Khulna

69. Clay Road Branch, Khulna 70. Satkhira Branch, Satkhira

71. Bara Bazar Branch, Kushtia 72. Chuadanga Branch, Chuadhanga

73. Meherpur Branch, Meherpur 74. Main Road Branch, Bagerhat

75. Jhenaidah,Branch, Jenaidah 76. Magura Branch, Magura

77. Jessore Branch, Jessore 78. Narail Branch, Narail

79. Chawk Bazar Branch,Barisal 80. Main Road Branch, Pirojpur

81. Jhalakathi Branch, Jhalakathi 82. Bhola Branch,Bhola

83. Natun Bazar Branch, Potuakhali 84. Barguna Branch, Barguna.

Loan Against Imported Merchandise (LIM):

This type of finance is offered to the importer to finance their needs for meeting
the cost including freight, insurance, and customs and excise duty payable on
the imported merchandise. The lending bank mostly pledges the imported
goods. The merchandise is released for the use of the importer (borrower) upon

25
repayment of the banks finance and charges either fully or partially, on
production of the Delivery Order issued by the banker in favor of the borrower.

Loan Against Trust Receipt (LTR):

This is a loan against a Trust Receipt provided to the client when the documents
covering an import shipment are given without payment. Under this system, the
client will hold the goods of their sale proceeds in trust for the bank, until the
loan allowed against the Trust Receipt is fully paid. We provide LTR to manage
immediate liquidity of importers.

Loan Against Export Development Fund (EDF):

We provided EDF Loan to the eligible exporters for enhancing export.

Payment Against Documents (PAD):

This is a Short Time Loan provided to the importer for delivery the shipping
documents in order to release imported goods.

Export Finance:
Pre-shipment Credit:
We provide pre - shipment finance in the form of Export Packing Credit (PC)
and Back to Back Letter of Credit to assist for export from Bangladesh.

Packing Credit:
We provide pre-shipment finance in the form of Export Packing Credit to
manage Exporters cash flows for the purpose of procuring raw materials,
manufacturing, processing, transporting, warehousing, packing, shipping of
goods, etc.

26
 Agri & Rural Banking :
Agrani Bank handling two kinds of banking, theses are below:

Rural & Agro Credit

Farmers Account

SME Banking:
SME Loan Products
Small & Medium Enterprises Financing
Micro Credit Programmes of Agrani Bank Limited
Daridro Bimochon Karmasuchi (DABIK)
Employment Generation Project for the rural poor (EGPRP)
Small Enterprises Development Project (SEDP)
Marginal Small Farm Systems Crop Intensification Project (MSFSCIP)
Special Micro-Credit Program (SMCP)
Loan for Disable Person
Women's Credit Program
Special Commercial Loan Program
Micro Enterprise Credit Program
Financing NGOs for on-lending to rural poor
Productive Employment Project (PEP)
Kurigram Poverty Alleviation Project (KPAP)
Micro Enterprise Loan Scheme
Special assistance project for cyclone affected rural households

27
Small & Medium Enterprises Financing:
This Program Small & Medium Enterprises Financing is being implemented in
the Bank from 2005. The main objective is to promote and establish the Small
and Medium Enterprises of Bangladesh as an efficient and profitable business
concern with a view to ensure the economic development of the country by
increasing local productions, generating income & employment.

Daridra Bimochon Karmasuchi (DABIK):

In collaboration with the Ministry of Youth and Sports, this programme was
undertaken in 1990. Since November, 1995, however, the programme is being
implemented as the Bank's own programme. Landless rural poor owning land
(including homestead) upto 0.50 acre can avail of credit facilities being a
member of the 5-member group formed under this project. A wide range of
activities are being financed under this program viz. mini poultry, beef-
fattening, rural transport, handicrafts, small business, tailoring, fishery, nursery,
vegetable production, food processing etc. Under the project credits are
extended for a maximum amount of Tk.10,000/= without collateral and the
interest rate is 10% per annum only.

Employment Generation Project for the Rural Poor(EGPRP):

The Employment Generation Project for the Rural Poor (EGPRP) came into
operation upon signing of a Loan Agreement (IFAD Loan#378-BD) in 1995.
The Project was designed to reinforce the efforts of the Government of
Bangladesh (GOB) to meet its strategic objectives of increasing output and
employment through nationwide development of small enterprises, to which it

28
accords high priority.The project's goal is to create a productive micro-
enterprise sub-sector providing profitable self-employment for rural people,
supported by public and private sector structures and processes which lead to a
favourable climate for increasing investment in, and improving management of,
micro-enterprises.Under this project, loan may be delivered to entrepreneurs
through its designated Branches. Eligible Micro Enterprises under the project
are:

Agro-processing enterprises: related to paddy, flour, edible oil, cotton, fruits,

vegetables etc.

Manufacturing enterprises: related to handicrafts, metal, wood, plastic,

garments, food, chemical products etc.

Service Enterprises: related to restaurants, tailoring, laundering and any other

type that contributes to rural employment generation.

Loan size of the project is Tk. 20,000 - Tk 5,00,000. No collateral security is

required for loan up to Taka 75,000.The rate of interest of the loan is reasonably
minimum.

Small Enterprises Development Project (SEDP, BGD-041):

This project was undertaken by the Bank in 1995 in association with NORAD to
extend credit facilities in 40 Upazillas in greater Faridpur and Mymensingh
Districts for establishment of micro enterprises. Under the project,50% of the
credit fund is being provided by NORAD and 50% by the Bank. The main
objective is to improve socio economic conditions of the project areas through
creating employment opportunities. A wide range of micro enterprises are being

29
financed under this project such as rice mill, oil mill, food processing , flour
mill, nursery, repairing workshop, hatchery, fishery, weaving, handicreafts etc.
Maximum loan celling is Tk. 7,50,000.The rate of interest is minimum and the
maximum loan repaymat period is 7 years. Now, the Project is going to be a
subsidiary company of the Agrani Bank Ltd.

Marginal and Small Farm Systems Crop Intensification Project

(MSFSCIP ) - IFAD Loan no.-194-BD:
This project was undertaken by the Bank in 1990 in association with
Bangladesh Bank, Rangpur Dinajpur Rural Services (RDRS) GTZ, and IFAD.
Credits provided by the Bank are re-financed by Bangladesh Bank.The project
is being implemented in 9 Upazillas of Kurigram District. The primary
objective of the project is to establish a sustainable linkage between the
SHGs(Self Help Groups) and the Bank so that the rural poor become bankable.
The Self Help Groups (SHGs) comprising of 15-20 beneficiaries. Under the
project, credit facilities are being extended to Self Help Groups of Marginal and
Small Farmers both for collective and individual activities in the form of
Seasonal Agricultural Loan (SAL), Agricultural Investment Loan (AIL), Non-
Agricultural Investment Loan (NAIL). Loans are collateral-free with a
maximum ceiling of Tk.8,000 at individual level and Tk.80,500 at collective
level and the rate of interest is only 12% per annum .

Special Micro- Credit Programme (SMCP)

This project was undertaken by the Bank in 1990 in association with
Bangladesh Bank, Rangpur Dinajpur Rural Services (RDRS) GTZ, and IFAD.
Credits provided by the Bank are re-financed by Bangladesh Bank.The project
is being implemented in 9 Upazillas of Kurigram District. The primary
objective of the project is to establish a sustainable linkage between the
SHGs(Self Help Groups) and the Bank so that the rural poor become bankable.
30
The Self Help Groups (SHGs) comprising of 15-20 beneficiaries. Under the
project, credit facilities are being extended to Self Help Groups of Marginal and
Small Farmers both for collective and individual activities in the form of
Seasonal Agricultural Loan (SAL), Agricultural Investment Loan (AIL), Non-
Agricultural Investment Loan (NAIL). Loans are collateral-free with a
maximum ceiling of Tk.8,000 at individual level and Tk.80,500 at collective
level and the rate of interest is only 12% per annum .

Loan for Disable Person:

The Special Micro Credit Programme for Disable Person came into operation in
the Bank in 2002 under the instruction of the Bangladesh Government. The
main objective of the Programme is to make the disable person self reliant and
bring them into the mainstream development activities of the country. The
persons who are physically disable but mentally capable of operating the
business can enjoy the loan facilities under this programme. An individual or
jointly with the competant member of his family can get the loan. Under the
project maximum loan celling for the first time is Tk.25,000 and for the second
timeTk.50,000.The rate of interest is 10% only. No collateral is required for the
loan and any branch of the Agrani Bank Ltd. may disburse the loan as per
requirement.

Women's Credit Programme:

The Women's Credit Programme was undertaken by the Agrani Bank Ltd in
1993 with a view to uplift the socio economic condition of the women by
engaging them into the different financial activities of the country. A huge
number of income generating activities such as Education (establishment of
Kinder garten, tutorial homes),Tailoring, Printing and Dying, Ready made
garments shop, loaundry,Poultry, Mini dairy, Goat rearing, beef
fattening,Nursury,Hotel/Resturant etc are involved in the project activities.

31
Under the Programme, the branch manager can sanction the loan upto
Tk.50,000. For loan upto Tk.1,00,000 no collateral is required.The rate of
interest of the loan is minimum and it is 11% per annum only.

Special Commercial Loan Programme:

Special Commercial Loan Programme was undertaken by the Agrani Bank Ltd.
in 1992 with a view to extend & develop the small business in the country.This
is a short term loan and it is delivered as Cash Credit (C.C-Hypo). Maximum
celling of the loan is 2,75,000/- and necessary collateral security is required for
the loan . The rate of interest is minimum and it is 12.50% .

Micro Enterprises Credit Programme:

This Programme came into force by the Bank in 1993 with a view to extend the
small enterprises for the socio-economic development of the country. A wide
range of micro enterprises such as Tailoring,Printing, Readymade garments,
Small Pharmacy, Shop of electric goods, Small Poultry and other income
generating activities are involved in the project activities. The maximum celling
of the loan is Tk.1,00,000 and loan upto Tk.50,000 is collateral free. The
maximum repayment period of the loan is 18 months and the rate of interest of
the loan is reasonably minimum.

Financing NGOs for On-lending to rural poor:

Agrani Bank is pioneer in extending loans to NGOs for on-lending to groups of
rural poor for various income generating activities. The NGOs which are in
shortage of credit fund may avail of loan facilities at an acceptable interest rate
from this Bank.

Productive Employment Project (PEP):

This project was undertaken by the Bank in 1988 in association with
Bangladesh Rural Development Board (BRDB) with financial assistance from
Norwegian Agency for Development (NORAD) and Swedish International
32
Development Agency(SIDA).The main objective of the Project was to develop
the socio-economic condition of the rural poor of 20 upazillas of
Faridpur,Rajbari, Madaripur, Gopalgonj and Shariatpur district. NORAD/SIDA
provides 50% and Bank provides 50% of the credit fund. Maximum limit of
credit under the project for individual was Tk.6000 for the first time and Tk.
12,000 for the 2nd time and onwards. Maximum limit of credit under the project
for group was Tk. 1,00,000 . No collateral was required to avail of loan under
the project. All loans sanctioned under the project was maximum period of one
year, for special cases loan period was 18 months. After completion of the
Project the recovery activity of the outstanding loan is going on by the Bank and
the BRDB.

Micro Enterprises Loan Scheme:

This loan Scheme was undertaken by the Bank in collaboration with BMET
(Bureau of Manpower Employment and Training)in 1990.The main objective of
the project was to create self employment by introducing training to the
unemployed youth-both male and female. The sectors of financing were
Technical workshops, Small productive units, any commercial business and
Others. The maximum celling of the loan was Tk.50,000 and loan upto
Tk.50,000 was collateral free. After completion of the Project the recovery
activities of the outstanding loan are going on by the Bank.

Special Assistance Project For Cyclone Affected Rural Households (IFAD

Loan No. 287-BA):
This loan Scheme was undertaken by the Bank in 1993. The main objective of
the project is to rehabilitate the current productive potential of people affected
by cyclone. The sector of financing were Crop loan, Agri-Mecheneries,
Fisheries, Livestock's, Boat making/repairing, Nursery, off farming, Income
generating activities etc. The maximum celling of the loan was Tk.1,00,000 .

33
After completion of the Project the recovery activities of the outstanding loan
are going on by the Bank.

NRB Banking
Non Resident Special Taka Account
NR Investors Taka Account
Us Dollar Premium Bond & Us Dollar Investment Bond
Wage Earner's Development Bond (WEDB)
Foreign Currency Deposit Accounts
Foreign Currency Account
Non Resident Foreign Currency Deposit

Agrani Exchange House

List of Overseas Offices
- Overseas List
- Authorized Dealer
- Exchange Houses
- Correspondent Banking

NR Investors Taka Account:

With a view to helping Wage Earners invest in shares and securities in
Bangladesh "Nonresident Investor's Taka (NIT) Account" has been introduced.
A Wage Earner can open a NIT Account with any AD Branch of Agrani Bank
Limited under the following conditions:
Dividends or sale proceeds of shares or securities may be deposited in the NIT
Account Account Holder can repatriate the available balance amount of the
account in foreign currency back to any country of his/her choice Dividend

34
and capital gains deposited in the account are exempted from Income Tax The
account can be operated by nominee (s).

Us Dollar Premium Bond & Us Dollar Investment Bond:

Nonresident Bangladeshi's seeking an attractive investment opportunity in
Bangladesh ,can invest in US Dollar Premium Bond & US Dollar Investment
Bond issued by Bangladesh Government from 1st November, 2002 through
their Foreign Currency account.
Major Features of both the Premium and Investment Bonds:

 3 years maturity .
 Half yearly interest payment .
 Principal amount and interest can be payable in either Bangladeshi Taka
or US Dollar.
 Principal and interest both are free of income tax .
 At maturity ,the principal amount can be reinvested or repatriated.
 In case of loss, partial damage or complete damage of the bond,duplicate
bond will be issued.
 The bond can be enchased before maturity but partial encashment is not
allowed.
 Persons buying bonds worth US $ 1 million or 10 lac US Dollar will get
CIP status.
 The Bond holder can nominate a nominee and the bonds will accrue
interest on behalf of the nominee even after the death of the bond holder.

Features of Premium Bond:

 7.5% annual interest rate.

 Principal amount is payable in US Dollar.

35
  Interest is payable in Bangladesh Taka.
 Principal amount can be payable in Bangladesh Taka if the purchaser
desires.
 If any customer buys bond worth 10,000 US Dollar ,continues to increase
the investment up to death, he or she will get 15% to 25% of invested
amount with a maximum of Taka.2,000,000/- as death risk benefit under
specific terms & conditions.

Features of Investment Bond:

 6.5% annual interest rate.

 Principal amount and interest payable in US Dollar.
 Principal amount and interest can be payable in Bangladesh Taka at the
discretion of the investor.

Face value of both the Bonds:

 US Dollar 500,1000,5000,10,000 and 50,000

Limit of Purchase:

 Lowest 500 US dollar and highest of any amount in multiple of 500.

Nominee:
In the event of the death of the holder ,the nominee and in the event of the death
of both the holder and the nominee ,the heir(s) of the holder shall be able to
withdraw the amount of the bond(Principal ,interest & death risk benefit if any).
Bond Issuing Branches of Agrani Bank Limited:

 Principal Branch,Motijheel ,Dhaka.

 Foreign Exchange Branch,Dhaka.
 Ramna Branch,Dhaka.
36
  Amin Court Branch,Motijheel,Dhaka
 Purana Paltan Branch,Dhaka.
 Lal Dighi East Branch,Chittagong.
 Commercial Area Branch,Agrabad,Chittagong.
 Clay Road Branch,Khulna.
 Shaheb Bazar Branch,Rajshahi.
 Lal Dighir Par Branch,Sylhet.
 Chowkbazar Branch,Barisal.
 Jessore Branch,MM Ali Road,Jessore.

Besides these, information can be collected from any AD branch of Agrani

Bank. Encashment of Bond Before maturity: A. Premium Bond

 No interest will be given if enchased before 1 year.

 For encashment over 1 year but less than 2 year ,interest rate will be
6.5%.
 For period over 2 years but less than 3 years , interest rate will be 7%.
 For period 3 years and over ,interest rate will be 7.5%.

B. Investment Bond

 No interest will be given if en cashed before 1 year.

 For encashment over 1 year but less than 2 year ,interest rate will be
5.5%.
 For period over 2 years but less than 3 years , interest rate will be 6%
 For period 3 years and over ,interest rate will be 6.5%.

Other Information:

 Detail information and application forms are available in Agrani

Exchange House Pvt. Ltd,Singapore.

37
  Bangladesh embassy/consular office in USA,UK,Kuwait,Saudi Arabia
(Riyadh/Jeddah ),Malaysia and Singapore will provide assistance in this
regard.

For More Information Please contact: Deputy General Manager

Foreign Currency Management Division
Agrani Bank Limited,Head Office
Telephone-8802-9570640,Fax:8802-9563662

Deputy General Manager

Agrani Bank Limited.
Principal Branch,Motijheel,Dhaka.
Telephone-8802-9551650

Wage Earner's Development Bond (WEDB):

Wage earners living abroad may purchase "Wage Earner's Development Bond"
in Bangladesh Taka under the following terms & conditions:
Denominations:
Taka 25,000 Taka 50,000 Taka 100,0000
Terms:
For Five years
Interest:
12%. In case of premature encashment interest will be paid at lower rate
Insurance Coverage:
Any purchaser of Wage Earner's Development Bond is entitled to get death-risk
benefit.
Repatriation in Foreign Currency:
Purchaser of WEDB can repatriate the principal amount of the bond in foreign
currency

38
Tax Benefit:
Interest earned from WEDB is exempted from Income Tax
Availability of WEDB:
Application Forms may be collected from any AD Branch of Agrani Bank. or
any other Bank in Bangladesh or Agrani Exchange House in Singapore or
Bangladesh Missions abroad. But the Form has to be submitted to any AD
Branch of Agrani Bank. in Bangladesh for purchasing WEDB

39
 Foreign Currency Deposit Accounts

Account opened and maintained by authorized dealer branches in Foreign

Currency without prior approval of Bangladesh Bank is called Foreign Currency
Accounts.
Who can open? Bangladeshi nationals working or earning abroad including
self-employed Bangladeshi immigrants proceeding abroad on employment may
open F.C. Account even without initial deposit. Foreign nationals residing
abroad or in Bangladesh and also Foreign firms registered abroad and operating
in Bangladesh or abroad. Foreign missions and their expatriate employees.
Bangladeshi nationals working with the Foreign/ International organizations
operating in Bangladesh provided their salary is paid in Foreign Currency or
their consultancy fees/honoraria received in Foreign Currency. Diplomatic
Bonded Warehouse (duty free shops) licensed by the custom authorities. Local
and Joint Venture contracting firms employed to execute projects by foreign
donors/international donor agencies as per relevant contract which will be
closed as soon as the projects are concluded.

Currencies:
Foreign Currency (F.C.) Account may be opened in the following foreign
currencies:
U.S. Dollar (USD) Great Britain Pound Sterling (GBP) Euro
Japanese Yen. (JPY). Documents required for opening F.C. Account:
Prescribed Account Opening Form 2(Two) Passport size photographs
Authorised Specimen Signature Card Proof of employment or other
related documents. In case of nominee additional 2 copies of passport

40
 size photograph of the nominee Photo copies of Passport or other related
documents.
Mode of Deposits:
The Foreign Currency Accounts may be credited in the following ways:
Cash Foreign Currency brought in by the depositor.
Travellers Cheques. Cheques or Drafts.
Money Order Receipt By Electronic Fund Transfer.

Interests:
The ADs maintaining foreign currency accounts can pay interest of F.C.
Accounts, if the accounts are maintained in the form of Term Deposits for a
minimum period of 90 days. Interest rates are comparable with the rates
available on similar accounts maintained abroad.
Retention of Foreign Currency in Accounts;
Bangladeshi citizens and other persons residing in Bangladesh or abroad are
required to self-declare such F.C. to an AD within one month from the date of
acquisition by them of such F.C.
This regulation is exempted for the followings:
 Foreign diplomats, nationals, missions, embassies and expatriate
employees of foreign business houses, contractors or consultants who are
receiving their salaries partly or entirely in foreign currency abroad.
 Portion of repatriated export proceeds kept in Retention Quota Accounts.
 Foreign Exchange brought in at the time of return can be credited to RFC
account.
 And upto US$ 5,000/- brought in undeclared at the time of return from
abroad can be retained at hand.

41
Use of F.C. account balance:
 The F.C. can be used for payments for the purpose mentioned while
opening the account.
 Funds may be utilized by the account holders for import of commodities
as per instruction of Bangladesh Bank & CCI&E.
 Funds may be brought back to the country of the Account Holder living
abroad. Fund may be used for traveling, payments of credit card bills,
education expenses and treatment expenses.
 Fund may be converted to local currency by the Account Holder or
Nominee.

Non Resident Foreign Currency Deposit:

All nonresident Bangladesh nationals and persons of Bangladesh origin

including those having dual nationality and ordinarily residing abroad may
maintain interest bearing Time Deposit Accounts named "Nonresident Foreign
Currency Deposit (NFCD) Accounts" with any Authorized Dealer (AD) Branch
of Agrani Bank.

Bangladesh nationals serving with Embassies/High Commissions of Bangladesh

in Foreign countries as also the officers/staff of the Government/Semi
Government Departments, nationalized banks and employees of corporate
bodies posted abroad or deputed with International and Regional agencies like
IMF, World Bank, IDB, ADB etc. during their assignments abroad may open
such accounts with Agrani Bank Limited. Crew members of the Bangladeshi
shipping companies are not entitled to open such accounts, but shore staff
posted abroad may open such accounts. Accounts may also be opened with

42
funds transferred from existing foreign currency accounts maintain by the wage
earners with any AD Branch of Agrani Bank.

The accounts are in the nature of Term Deposits maturing after one month, three
months, six months and one year. The accounts may be maintained in US
Dollar,Euro, Pound Sterling or Japanese Yen: initially with minimum amount of
US$1000 or Pound Sterling 500 or equivalent. Account may be opened against
remittances in other convertible currencies after conversion of those into US
Dollar, Euro, Pound Sterling or Japanese Yen.

These Accounts may be maintained as long as the Account Holders desire.

Eligible persons are also allowed to open such Accounts within six months of
their return to Bangladesh.

Eligible Bangladesh nationals may send applications along with a set of

specimen signatures of the opener of the account to any AD Branch of Agrani
Bank. in Bangladesh duly verified by any Bangladesh Mission abroad, or a
reputable Bank or any other person known to the AD Branch of Agrani Bank in
Bangladesh. The Application Forms may be procured from Bangladesh
Missions Abroad and from any AD Branch of Agrani Bank. in Bangladesh. No
set of specimen signatures will be required to be enclosed with the application
form if the application is submitted to an AD with whom the applicant has
already been holding a Foreign Currency Account. In such a case reference to
the respective FC account number will serve as self-introduction and the
account-opening branch will verify the signature with the specimen signature
maintained for the FC account.

The concerned AD Branch of Agrani Bank will pay interest on deposits into the
43
accounts at the Euro Currency Deposit rates. In case of premature repayments,
the interest amount will be forfeited to the depositing AD Branch. The interest
on deposits into this account is exempt from the tax payable under Income Tax
Act.

The Account Holder can freely repatriate the balance and the interest accrued
thereon in foreign exchange to the country of his residence or anywhere he
chooses and may at his option, convert the balance into local Taka at the
prevailing exchange rate.

Foreign nationals and companies/ firms registered and/or incorporated abroad,

banks, other financial institutions, including institutional investors and 100%
foreign owned industrial units in the Export Processing Zones in Bangladesh,
are also allowed to open and maintain NFCD accounts with the ADs. The
minimum amount of time deposits in such cases should be US$ 25,000 or its
equivalent in Pound Sterling, Euro or Japanese Yen. Other terms and conditions
in respect of these account-holders will be the same as those mentioned above
for NFCD accounts of non-resident Bangladesh nationals.

44
 Agrani Exchange House
Hundreds of Bangladeshi expatriates are engaged in a variety of professions in
Singapore. Most of them have to remit money to their families as well as their
kith and kin in Bangladesh. Only a meager amount of their remittance used to
reach Bangladesh through banking channels before our Exchange House started
operation in February, 2002. Many illiterate and gullible Bangladeshi guest
workers fell prey to 'Hoondi' syndicates (unauthorized/unscrupulous
intermediaries). 'Hoondi' vendors, in the name of remitting money to
Bangladesh through non-banking channels under various tricky ploys, fleeced
many Bangladeshi brothers and left them bereft of their hard earned savings.

Instructed by the Government of the People's Republic of Bangladesh Agrani

Bank Limited opened the Exchange House to help Bangladeshi professionals
and guest workers in Singapore remit their money to any Branch of any Bank in
Bangladesh within the shortest possible time. There has been overwhelming
response from Bangladeshi expatriates as well as other remitters in Singapore
immediately after its opening. Our Exchange House remains open till late in the
evening every day.

Besides remitting money any Bangladeshi Wage Earner staying in Singapore

can also open NFCD Account and FC Account and purchase Wage Earners'
Bonds through assistance from our Agrani Exchange House.

45
 Merchant Banking
Issue Management:

We shall render our service to help the capital market to increase the supply of
securities. Being a Manager to issue we shall provide assistance to the Private
Limited Companies intended to be converted into Public Limited Companies by
way of obtaining necessary permission from relevant authorities, preparing
prospectus for public issue of shares and debentures, involving in the collection
of application money and end through listing of securities with stock exchange.

Underwriting:

Agrani Bank Limited with its strong capital base is capable of providing
underwriting commitments for successful completion of IPO of any size
enabling the companies to go public.

Portfolio Management:

Initially the Non-Discretionary (i.e. Investors Discretion) portfolio account will

be opened. Subsequently the portfolio management shall be expended with the
introduction of following schemes:
Bank's discretionary portfolio account.

Investor's discretion portfolio management scheme for high net worth

investors.

Profit loss sharing portfolio management scheme (subject to approval of

SEC).
Requirements for opening Account
The account holder has to be physically present while opening an investment

46
account

Prescribed account opening form has to be filled-up properly

Two passport size photographs duly attested by an introducer.

The introducer needs to have an investment account or any other account with
Agrani Bank.

Persons of unsound mind or minors are not eligible to open investment

account

Maximum two accounts can be opened � one in the name of the individual

and other jointly.

47
Investment Account:

48
 Islami Banking
Islami Banking
Mudaraba Savings Accounts
Mudaraba Mohor Deposit Scheme
Mudaraba Hajj Sanchoy Prokolpo
Islami Banking Window

49
 Treasury
Primary Dealer Unit
Treasury Bill
Treasure Bonds
REPO
Reverse REPO
ForEx & Fund Management
Import Export Financing
Custodian Services
Money Market Landing

Treasury Bill:
Treasury Bill is the short term security instrument having maturity within one
year by which the government borrows from the banking system as a part of
budgetary requirement. Presently there are three types of T. Bill in the market in
respect of maturity period. They are of 91 days, 182 days and 364 days tenor.

Treasure Bonds:
Treasury Bond is a long term security instrument by which the government
borrow from the Banking system for long term as a part budgetary requirement.
Currently there are four types of Treasury Bond in the market in respect of
maturing period. They are of 5 years, 10 years, 15 years and 20 years tenor.

REPO:
Repo means Repurchase Agreement from sellers point of view. When a bank or
financial institution having government approved securities in excess after
maintain statutory requirements, falls short of liquidity then it sells its excess
securities after maintaining SLR under repurchase agreement. In this connection

50
the bank which sells security under Repo should pay interest at an agreed rate.
In case of Bangladesh Bank Repo the rate is now 5.50%.

Reverse REPO
It is the arrangement just vice versa to Repo. The rate of reverse Repo
determines upon demand and supply of money. For Bangladesh Bank reverse
Repo there is no involvement of security and in that case the rate of reverse
Repo is 3.50% at present.

ForEx & Fund Management:

Trustee and Custodian

As proposed by Investment Corporation of Bangladesh (ICB) Agrani Bank

Limited has agreed to act as Trustee and Custodian of ICB NRB Energy
Mutual Fund & ICB Multi Sectoral Mutual Fund.

51
FIVE YEARS' PERFORMANCE AT A GLANCE
Particulars 2010 2009 2008 2007 2006
Balance Sheet
Authorized Capital 800 800 800 800 800
Paid-up Capital 547 497 248 248 248
Reserves 486 139 74 16 15
Revaluation Reserve on Investment in Govt.
90 207 43 - 15
Securities
Retained Profit (Loss) 449 74 277 70 (1,810)
Total Equity 1572 1144 642 334 (1,532)
Total Deposits 20633 16,628 14,681 13,592 12,892
Core deposit: 8505 7,357 7,209 7,129 7,491
i. Savings deposit 8013 6,966 6,486 6,001 5,785
ii. Deposit Pension Scheme 131 125 127 124 113
iii. Agrani Bank Pension Scheme 66 136 567 1,004 1,593
iv. Agrani Bank Bishesh Shanchay Scheme 295 130 29
Long Term Liability 19044 15,964 3,980 10,230 11,006
Total Loans and Advances 16326 12,224 11,336 11,849 10,587
Interest Suspense and Penal Interest 579 691 672 950 892
Provision for Loans and Advances 1064 1,187 1,153 1,390 1,337
Net Loans and Advances 14683 10,345 9,511 9,509 8,358
Investments 4264 4,089 2,933 2,190 2,231
Fixed Assets 544 288 253 248 41
Total Assets 26485 21,406 18,732 18,628 15,408
Net Current Asset 5960 4,798 (6,854) 356 2,130
Operating Results
Total Income 2402 1,637 1,498 1,368 1,233
Total Expenditure 1316 992 865 842 875
Provision during the year 312 185 211 222 29
Operating Profit before amortization, provision &
1086 644 633 526 358
tax
Net Profit (Loss) after amortization, provision & tax 352 136 265 316 194

52
Earnings per share 64.35 24.80 106.52 34.56
Cost of Fund in percentage 7.42 6.86 6.65 6.68 6.84
Return on Equity in percentage 39.91 53.75 41.28 29.55
Return on Assets in percentage 1.33 0.63 1.41 0.92 1.26
Net Interest Margin in percentage 6.25 4.61 4.24 3.69 2.96
Average Yield on Loan in percent. (Performing
11.19 11.04 10.38 10.35 9.53
Loan)
Loans as percentage of Deposit (A. D. Ratio) 79.13 73.51 77.21 87.18 82.12
Total Classified Loans to Total loans in percentage 12.88 19.42 22.48 26.83 26.27
Net Classified loans to Net loans in percentage
3.13 4.79 7.61 8.82 6.61
(including staff loan)

53
Profit and Loss Account

For the year ended December 31, 2010

Amount in Taka
Particulars Notes 2010
2009
(Restated)
Operating income
Interest income 21 13,997,620,160 10,122,406,610
Interest paid on deposits, borrowings etc. 22 7,086,680,562 6,083,558,757
Net interest income 6,910,939,598 4,038,847,853
Investment income 23 6,477,974,670 3,690,178,143
Commission, exchange earnings and brokerage 24 2,755,639,008 2,128,283,992
Other operating income 25 785,659,475 426,163,469
Total operating income (A) 16,930,212,751 10,283,473,457
Operating expenses
Salary and allowance 26 4,510,011,163 3,043,883,148
Rent, taxes, insurance, electricity etc. 27 335,033,649 268,924,565
Legal expenses 28 8,255,815 14,950,989
Postage, stamp, telecommunication etc. 29 94,972,717 89,249,269
Stationery, printing, advertisement etc. 30 136,818,388 94,726,446
Chief Executive's salary and fees 31 4,277,395 7,200,000
Directors' fees 32 4,970,482 1,960,192
Auditors' fees 33 1,450,250 1,320,575
Depreciation and repair of bank's assets 34 220,228,492 133,789,446
Other expenses 35 752,167,208 183,024,557
Total operating expenses (B) 6,068,185,559 3,839,029,187
Profit/(Loss) before amortization, provision & tax (C)=(A-B)
10,862,027,192 6,444,444,270

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Amortization of Valuation Adjustment (D) 9.8 1,329,500,000 1,329,500,000
Profit/(Loss) before provision & tax (E) = (C - D) 9,532,527,192
5,114,944,270
Provision for loans and advances 36 892,216,494 909,472,355
Other provision 37 2,233,063,896 947,791,669
Total provision (F) 3,125,280,390 1,857,264,024
Net profit/(loss) before Tax (G)=( E-F) 6,407,246,802 3,257,680,246
Provision for Tax
Current Tax 12.4 2,068,600,000 1,700,000,000
Deferred Tax 9.6 821,874,534 202,163,281
2,890,474,534 1,902,163,281
Net profit/(loss) after Tax 3,516,772,268 1,355,516,965
Add. Retained surplus for the previous year(restated) 18.1 2,755,406,699
4,793,546,590
6,272,178,967 6,149,063,555
Appropriation:
Statutory Reserve 14 1,281,449,360 651,536,049
Bonus Share Issue 496,840,000 2,484,200,000
Retained surplus 18 4,493,889,607 3,013,327,506
Earnings Per Share (EPS) 13.3 64.35 24.80
These financial statements should be read in conjunction with the annexed notes
1 to 52.

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 Conclusion
In the internship period I have gathered a different type of experience. It is a
well established statement that practical situations always differ from theoretical
explanation. During the internship program at Corporate Br. of Agrani Bank
Ltd. almost all the desks have been observed. And I have found that theory
deviates from practice more or less. I have observed the function of Overall
Banking Systems of Agrani Bank Ltd. Almost which will help me a lot in my
professional career.

As a commercial bank, Agrani Bank Ltd. almost is trying it's best to extend their
service to the public. Corporate Br. of Agrani Bank Ltd. provides all kinds of
commercial banking services to its customers. Corporate department is doing
well, rendering all the service related to Foreign, local L/C & remittance.
Though the advance of the Corporate branch is a little high. The SME & retail
department will be in good position if Branch manages to recover that. General
banking is engaged in cash receipt, payment, cheque clearing, opening account
and local remittance etc.

But it is a great opportunity for me to get used with the operational environment
of commercial banking of Agrani Bank Ltd.. I have tried by soul to incorporate
the internship report with necessary relevant information. It can be said that
Agrani Bank Ltd. future prospect in the financial sector is good. But it need to
change some policy, management should monitor all the work of branch level,
take strong decision and implement them.

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Evaluation Questionnaire :

1. What types of problems are you facing in Agrani Bank?

2. What are the departments of general banking in your branch?

3. What types of register do you follow for different banking activities?

4. What is the category of ‘Accounting Software’ used in Agrani Bank?

5. How do you provide foreign remittance within a very short period of time?

6. How do you manage the clearing cheques?

7. How the vouchers for different financial transactions are written?

8. What should be kept in mind while opening/closing an account & delivering a

cheques book?

9. How do you ensure the internal control system of the branch?

10. How the audit is done of the Bank?

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