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Welcome

3rd Semester
Gourab Mitra A.S. Masum Salema Nurul Chowdhury Marjana Yeasmin Chowdhury Luthfa Begum ID- 1001010103 ID- 1001010107 ID- 1001010108 ID- 1001010109 ID- 1001010150

Assignment on Analysis of Annual Report of a Public Ltd. Company

Acknowledgement
To Almighty God To our Parents To the Head of the department Mr. Tofayel Ahmed To our course teacher Md. Ridwan Reza To our freinds

Introduction
DBBL is Bangladesh most innovative and technologically advanced bank. It stands as one of the largest private donors involved in improving the country. DBBL is proud to be associated with helping Bangladesh as well as being a leader in the countrys banking section.
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Our Mission
Innovative and advanced banking Better customer service High quality financial service Steady return to shareholders equity Balanced growth

Vision
Greater commitment to society and national economy.

Objectives
To become the first choice in banking

Chairmans foreword
It is a great privilege and honor for me to welcome you all to the Dutch-Bangla Bank Limited On behalf of the Board of Directors and from myself, I would like to express my heartfelt thanks and sincere gratitude to all of you for your active support and co-operation without which it would not be possible for us to take your Bank at this present stratum. It is your kind patronage and continued support that have always resulted in greater success for the Bank.

Our Focus in 2010


Our key objective in 2010 is to achieve strong growth in business comprising deposit, loans and advances, import and export driven by better and faster customer service. Particular emphasis will be given on improving deposit mix and reducing cost of fund by increasing number of new accounts. Profitability will be increased by business growth and by increasing productivity of resources. Customer service will be improved by upgrading our online banking system, expanding distribution network and offering new products to provide a unique value to our customers.

Chairmans Repot

It is a great privilege and honor for me to welcome you all to the Dutch-Bangla Bank Limited On behalf of the Board of Directors and from myself, I would like to express my heartfelt thanks and sincere gratitude to all of you for your active support and co-operation without which it would not be possible for us to take your Bank at this present stratum. It is your kind patronage and continued support that have always resulted in greater success for the Bank.

Banks Performance in 2009

In 2009, Profit before tax increased by 21.3% and stood at Taka 2, 154.4 million compared to Taka 1,776.1 million in 2008. Profit after tax increased by 38.5% and stood at Taka 1,137.7 million compared to Taka 821.7 million in 2008. The return on equity was 30.3% compared to 29.9% in 2008. During the year under review earnings per share attributable to shareholders amounted to Taka 75.85 compared to Taka 54.78 during the previous year. Classified loan as a percentage of total loan portfolios significantly decreased from 3.27% of 2008 to 2.46% as at 31 December 2009 which is lower than industry average .

Banks Performance in 2009

At the end of 2009, total equity stood at Taka 4,351.8 million as compared to Taka 3,163.6 million in 2008. Total regulatory capital was Taka 5,899.8 million at the end of 2009, an increase of Taka 1,312.3 million (28.6%) from previous year. As of 31 December 2009, Capital Adequacy Ratio (CAR) stood at 11.59% under Basel I that was well above minimum requirement of 10% by Bangladesh Bank.

Boards Report
Global Economic Trends
For the global economy, 2009 was a year of crisis: The International Monetary Fund (IMF) calls it the deepest world- wide recession in recent history.
World GDP has increased every year from 1951 to 2008. For 2009, however, the International Monetary Fund and the World Bank are forecasting 1.4 and 2.9 percent declines in world GDP, respectively. When GDP declines, the demand for traded goods generally falls as well Within the Europe, Middle East, and Africa (EMEA) region, the upturn toward the end of 2009 was uneven.

An upturn also started in the Americas region in the second half of the year.

Boards Report
Bangladesh Economic Trend
Bangladesh attained a 5.9 percent GDP (gross domestic product) growth in the first half of the fiscal year 2008-2009(July 2008-June 2009), leaving six more months to achieve the 6 percent target. Bangladesh's export earning grew at a rate of 10 percent in 2009 and agriculture by 4.8 percent. The central bank data showed Bangladesh's capital machinery import surged by 24 percent in JulyNovember of this fiscal year while imports of consumer goods in the same period rose by 44 percent year on year. Rate of inflation, a major concern of the country, was at 5.1 percent in October, the BB governor said and expressed the hope that it would not go beyond this fiscal year's target of 6.5 percent.

Balance sheet as at 31st December 2009


Property and assts Cash (including foreign currencies) Balance with other financial institutions Money at call and short notice Investment Loans and advances Fixed assets Other assets
Total assets 6,653,900520 10,213,817,659 820,000,000 9,685,879,937 48,410,989,619 1,773,599,221 3,922,343,126 81,480,529,482

Liabilities and Capital


Liabilities Borrowing from other banks financial institution Deposits and other accounts Other liabilities Subordinate debt 2,511,486,589 67,788,533,035 5,313,981,373 1,514,731,226

Total liabilities Share holders Equity Total shareholders equity Total liabilities and shareholders equity

77,128,732,223
4,351,797,259

81,480,529,482

Review of Financial Statements


The deposit of the Bank increased by 31.4% from Taka 51,575.7 million in 2008 to Taka 67,788.5 million in 2009, loans & advances increased by 16.1% from Taka 41,698.3 million in 2008 to Taka 48,410.9 million in 2009,while import business increased by 20.7% and export business increased by 2.7%. Operating profit grew by 39.3% from Taka 1,935.9 million to Taka 2,695.7million and net profit after tax increased from Taka821.7 million to Taka 1,137.7 million showing a growth of 38.5%. Lower cost of fund resulting from improved deposit mix, higher net interest income, higher non-interest income mainly from gain on sale of HFT securities, capital gain from listed shares and service charges on deposits accounts contributed to notable growth in operating profit.Net profit after tax grew at a faster rate than operating profit for lower effective tax rate in 2009. Return on equity was 30.3% in 2009 compared to 29.9% in 2008

Conclusion
From the onset, the focus of the bank has been financing highgrowth manufacturing industries in Bangladesh. The rationale being that the manufacturing sector exports Bangladeshi products worldwide. Thereby financing and concentrating on this sector allows Bangladesh to achieve the desired growth. DBBL's other focus is Corporate Social Responsibility (CSR). Even though CSR is now a cliche, DBBL is the pioneer in this sector and termed the contribution simply as 'social responsibility. Due to its investment in this sector, DBBL has become one of the largest donors and the largest bank donor in Bangladesh. The bank has won numerous international awards because of its unique approach as a socially conscious bank.