NRB Global Bank

 Background of this bank and main activity:

Bangladesh Bank approved nine banks as fourth generation banks in which, three banks have the
funding of non-resident Bangladeshi (NRB) people. NRB Global Bank Limited is one of those
three banks to materialize the dream of people having the goal to keep Bangladesh well connected
with other advanced nations. It is the brainchild of 25 (twenty-five) well reputed visionary Non-
Resident Bangladeshi (NRB) people residing in different countries of the world. The regulatory
bodies have approved it in 2012 to operate business in banking of Bangladesh.

 History & Profile of NRBGB:

Particular Date
Getting NOC from Bangladesh Bank June 19, 2013
Consent from BSEC for raising Paid up Capital July 07, 2013
Date of Incorporation from RJSC July 21, 2013
Date of Commencement of Business July 21, 2013
License from Bangladesh Bank for Head Office July 25, 2013
Listed as a Schedule Bank July 29, 2013
Opening of Head Office September 09, 2013
License from Bangladesh Bank for Gulshan Corporate Branch October 10, 2013
Operation of Gulshan Corporate Branch October 23, 2013

 List of the NRBGB branches:

1. Gulshan Corporate Branch
2. Motijheel Branch
3. Naya Paltan Branch
4. Mawa Branch
5. Ulokhola Branch
6. Agrabad Corporate Branch
7. Panchgachia Bazaar Branch
8. Gunabati Branch
 9. Dohazari Branch
10. Patherhat Branch
11. Uttara Branch
12. Dhanmondi Branch
13. Cox's Bazar Link Road Branch
14. Anwara Branch

 Management Committee:
Mr. Nizam Chowdhury is the founding Chairman of this bank having a long professional
experience of 26 (twenty-six) years in the U.S.A

Managing Directors of NRBGB:

 Mr. Syed Habib Hasnat, Managing Director

 Mr. Md. Golam Sarwar, Additional Managing Director
 Mr. Kazi Mashiur Rahman Jayhad, Deputy Managing Director
 Mr. Ataus Samad, Senior Executive Vice President Manager, Gulshan Branch
 Mr. Md. Zillur Rahman, Senior Vice President, Head of Finance & Accounts Division
 Mr. Md. Manjur Hossain, Assistant Vice President Company Secretary

 Products and services: NRBGB is offering the following products or services to the client
for financing different purpose that fulfill the requirements of the bank and have good
return to the investment as well as satisfy the client. 
o Retail Banking Products: This bank offers various products of retail banking such as-
 NGB DPS (Allow to build up savings through regular monthly deposit)
 NGB Double Benefit ( Help to double deposited money on maturity)
 Fixed Deposit (Higher interest on savings for long term investment)
 NGB Professionals Loan (Personal loan facility for self-employed professionals like
doctors, IT Professionals, engineers & mariners etc.)
 NGB Monthly Benefit (Helps to earn extra income from every month of deposited money
which lets to earn yearly benefit every month)
 Senior Citizen Benefit Plan (Benefit plan for the senior citizen to carry out day-to-day
banking transactions independently).
 NGB Pre-Paid Card
 NGB Debit Card
 NGB Executive (term loan facility for any legitimate purpose designed especially for
Salaried Executives at different Corporate both permanent & contractual) NGB Salary
Account (employer can credit monthly salary/paycheck every month will credit to account)
 NGB Festivals (to meet festival expenses)
 NGB Freshers (For students)
 NGB Junior (For children aged between 3 to 18 years but account is operated by parents
until Child attain his/her maturity (Age 18))
 NGB Marriage Loan (for covering the marriage expenses)
 NGB Perfect (Allows an individual to manage savings and transaction simultaneously)
 NGB Queen ( An interest bearing account designed exclusively for woman)
 NGB Travelers (A “Travel purpose” loan which means the applicant has to declare his/her
Inland/Outland travel purpose.

o Loan products
 Personal Loan
 Car Loan
 House Loan
 Education Loan

 Project Financing.
 Working Capital Financing
 Agricultural Financing
 Consumer Financing
 Lease Financing
 SME Financing
 House Building Financing
 Import Financing
 Export Financing
 NGB Adhoc Loan
 NGB Travel Loan
 NGB Marriage Loan
 NGB Executive Loan
 NGB Festival Loan
o Foreign Trade product: Foreign Trade Products that is offered by NRB are as under:
 Letter of Credit (L/C)
 Back to Back Letter of Credit (BTB L/C)
 Foreign Demand Draft (FDD)  IDBC(Inland Brick to Brick Local L/C)
 IDBP(Inland Documents Bill Purchase)
 Remittance products
 Pay Order (PO)
 Demand Draft (DD)
o Other Service Products:
 Corporate Banking
 Tele Banking
 SMS Banking
 ATM card
 Mobile banking
 Locker service
 3.
NRB Global Bank Limited
Balance Sheet
As at 31 December 2017
Pariculars 2017 2016

PROPERTY AND ASSETS

Cash
Cash ln hand (including foreign currencies) 379,997,885 315,266,932
Balance with Bangladesh Bank and its agent bank (s)
(including foreign currencies) 4,171,751,300 2,336,515,101
4,551,749,185 2,651,782,033
Balance with other banks and financial institutions
4,415,167,753 4,765,147,247
ln Bangladesh
0utside Bangladesh 89,869,679 79,1 96,370
4,505,037,432 4,844,343,617

Money at call and short notice --- 20,000,000

Investments
Government 7,519,134,029
7,519,134,029
Others 428,575,000
398,575,000

7,917,709,029 5,002,303,394

Loans and advances

50,227,611,246 26,770,994,107
Loans, cash credits, overdrafts etc
Bills purchased and discounted
9,1 00,771 ,373 8,187,291,357

59,328,382,619 34,958,285,464

Fixed assets including premises, furniture and fixtures 698,322,363 630,124,182

Other assets
2,131,396,377 1,159,913,477
Non - banking assets
-------- -------------

79,132,597,005 49,266,752,168
Total Asset
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks, financial institutions and
agents 2,848,296,905 757,085,065
Deposits and other accounts
Current deposits and other accounts 2,729,311,691 1,716,672,837
Bills payable 182,211,687 144,609,092
Savings bank deposits 2,458,731,770 1 ,549,816,494
Fixed deposits 63,607,259,559 39,466,980,543
Bearer certificate of deposit --- ------
Other deposits 3,596,882 2,295,159
68,981,111,589 42,880,374,125
0ther Liabilities 2,299,872,704 '1,012,837,413
Total liabilities 74,129,281,198 44,650,296,603
Capital / Shareholders' equity
Paid up capital 4,250,000,000 4,250,000,000
Share premium ------ ------
Statutory reserve 399,1 93,783 189,374,321
Revaluation reserve 7 ,101,280 9,880,1 03
Surplus/(deficit) in profit and loss account 347,020,744 167,201,141
Total shareholders' equity 5,003,315,807 4,616,455,565
Total liabilities and shareholders' equity 79,132,597,005 49,266,752,168
 NRB Global Bank Limited
Profit And Loss Account
For the year ended 31 December 2017
Particulars 2017 2016

interest income 7,209,791,451 4,287,463,739

interest paid on deposits and borrowings etc 4,599,384,805 2,557,559,670
Net interest income 2,610,406,646 1,729,904,069
investment income 425,846,595 305,296,458
Commission, exchange and brokerage 98,658,588 70,500,747
Other operating income 33,189,636 29,424,182
Total operating income (A) 3,168,101,465 2,135,125,456
Salary and allowances 631,818,887 455,046,916
Rent, taxes, insurance, electricity etc 363,746,980 280,830,460
Legal expenses 1,276,619 761,547
Postage, stamp, telecommunication etc 18,788,041 13,176,307
Stationery, printings, advertisements etc 18,847763 13,526,51 1
Managing Director's salary and fees 10,880,000 10,880,000
Directors ‘fees 17,175,065 17,059,489
Auditors ‘fees 345,000 316,250
Depreciation and repair of Bank's assets 178,176,826 140,493,067
Other expenses 312,234,242 280 032,040
Total operating expenses (B) 1,553,289,423 1,212,122,587
Profit / (loss) before provision (C=A-B) 1,614,812,042 923,002,869
Provision for loans and advances
Specific provision 31 3,529,693 (22,338,007)
General provision 227 ,311,491 135,886,833
Provision for off-balance sheet exposures 24,873,547 34,249,896
Provision for diminution in value of investments (17,112,948)
Total provision (D) 565,714,731 130,685,774
1,049,097,311 792,31 7,095
Provision for taxation

Current Tax 679,686,976 383,936,063

Deferred tax (20,228,730) (14,630,125)

369,305,938
659,458,246
Net profit/(loss) after taxation 423,011,157
389,639,055
Retained earnings brought fonuard from previous years (97,346,597)
167 ,201,141
325,664,560
556,840,206

Appropriations:

Statutory reserve 158,463,419

209,819,462
General reserve --------
--------
Dividends etc. ----
-----
158,463,419
209,819,462

Retained surplus/(Deficit) 347 ,020,744 167,201,141

Earnings per share (EPS) .92 1.00

 NRB Global Bank Limited
Cash Flow Statement
For the year ended 31 December 2017
Particulars 2017 2016
A) Cash flows from operating activities

Interest receipts in cash 7,607,152,707 4,544,068,114

Interest payments (4,034,906,023) (2,438,558,169)
Dividend receipts 12,053,580 17,031,390
Fees and commission receipts in cash 98,658,588 70,500,748
Recoveries on loans previously written off - -
Cash payments to employees (642,698,887) (465,926,916)
Cash payments to suppliers (1 8,847,763) (13,526,51 1)
lncome taxes paid (454,172,726) (152,429,042)
Receipts from other operating activities 33,189,636 29,424,182
Payments for other operating activities (652,420,051) (530,387,498)

Cash generated from operating activities before changes in operating assets

And liabilities 1,948,009,061 1060196299

increase / (decrease) in operating assets and liabilities

Statutory deposits - -
Purchase of trading securities (2,948,002,558) (1,488,830,648)
Loans and advances to other banks - -
Loans and advances to customers
(24,370,097,1 55 (14,112,154,839)
Other assets
(572,575,578) 28,968,596
Deposits from other banks
850,000,000 2,400,000,000
Borrowing from Bangladesh bank and other banks
2,091,211,840 708,277,995
Deposits from customers
24,686,258,682 13,674,293,625
Other liabilities
67,916,497 29,317,833

((195,288,272) 1,239,872,562

-
Net cash from/used in operating activities 1,752,720,789 2,300,069,861

Cash flows from investing activities

Proceeds from sale of securities 30,000,000 404,279,792

Payment for purchase of securities - (308,575,000)

Purchase / sale of subsidiary - -

Purchase of property, plant and equipment (241,877, 922) (234,715,441)

Proceeds from sale of property, plant and equipment - -

Net cash used in investing activities (211,877,922) (139,010,649)

Cash flows from financing activities

- -
Receipts from issue of sub-ordinated bond
- -
Receipts from issue of ordinary share
- -
Payment for redemption of loan capital and debt security
- -
Dividend paid
Net cash from financing activities - -
- -
D) Net increase / (decrease) in cash and cash equivalents (A+B+C) 1,540,842,867 2,161,058,212
E) Effects of exchange rate changes on cash and cash equivalents -
-
F) Cash and cash equivalents at beginning other year
7,516,777,550 5,355,719,338
G) Cash and cash equivalents at end of the year (D+E+F) 9,057,620417 7,516,777,550
Cash and cash equivalents at end of the year
Cash in hand (including foreign currencies) 379,997,885 315,266,932

Money at call and short notice - 20,000,000

Reverse repo - -
Prize bonds 833,800 651,900
Balance with Bangladesh Bank)(including foreign currencies) 4,171,751,300 2,336,515,101
Balance with other banks and financial institutions 4,505,037,432 4,844,343,617
9,057,620,417 7,516,777,550