Annual Report 2013 of Agrani Bank Limited

Annual Report 2013
speedy journey to definite roadmap

with green and crystal clear mission
9/D Dilkusha Commercial Area, Dhaka-1000

www.agranibank.org
Table of Contents
Contents Page No.

Glossary of Acronyms 9
District-wise Number of Branches in Map 12
Corporate Profile 13
Vision, Mission, Motto, Values 14
Strategic Objectives, Ethical Standards 18
Letter of Transmittal 19
Notice of the Seventh Annual General Meeting 20
Origin and Growth of Agrani : Key Indicators from 1972 to 2013 21
Origin and Growth of Agrani : Chairmans of the Board from 1972 to 2013 22
Origin and Growth of Agrani : Managing Directors from 1972 to 2013 23
Board of Directors 24
Executive Committee, Audit Committee, Risk Management Committee of the Board 26
Board of Trustees of ABL Employees’ Provident Fund 27
Auditors, Credit Rating Company, Income Tax Advisor, Legal Consultant, Chief Medical Officer 27
Management Team 28
Five Years’ Performance at a Glance 32
Spotlight of 2013 34
ABL’s Participation and Contribution to the Nation : A Count of the Year 2013 35
Graphical Presentation of Performance 36
Chairman’s Message 39
Managing Director & CEO’s Overview 43
Shareholders' Information 46
Picture of Annual General Meetings 47
Picture of Signing of Accounts 49
Financial Highlights of 2013 and 2012 50
Key Ratios 51
Graphical Presentation of Key Financial Information 52
Capital Adequacy 55
Value Added Statement 56
Economic Impact Report 57
Products and Services 58
Risk Management 61
Disclosure Under BASEL II 69
Annual Report 2013 t 3

Contents Page No.
Corporate Social Responsibility 81
Green Banking 87
Directors’ Report to the Shareholders 91
World Economic Scenario 92

Impressive Track Record of Bangladesh Economy 93
Macro Economic Scenario of Bangladesh 94
Economic Growth 94
Savings and Investment 94
Inflation 94
Balance Budget and Financing 95
Financial Sector 95
Monetary and Credit Scenario 95
Interest Rate 96
Export 96
Import 96
Overseas Employment and Remittance 97
Balance of Trade 97
Money, Banking and Financial Sector 97
Medium Term Prospect of Bangladesh Economy 98
Digital Bangladesh 100
Perspective Plan 2010 - 2021 101
Emergence of Agrani Bank Limited 102
Shareholder’s Equity 103
Funding Structure 103
Asset Portfolio 103
Business Performance 103
Deposits 103
Import-Export Business 104
Foreign Remittance Business 104
Guarantee Business 107
Fund Management and Treasury Operation 107
Investment 109
Loans and Advances 110
Industrial Credit 111
Credit Lines 112
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Contents Page No.
Loan to Power and Health Sector 113
Syndication Financing 114
SME Financing 114
NGO Linkage Program of ABL 116
Foreign Aided Credit Programs of ABL 116
Agriculture and Rural Credit 117
Loan Classification 118
Loan Recovery Activities 118
Financial Performance 120
Total Operating Income and Operating Expenditure 120
Net Interest Income, Operating Profit 120
Capital Adequacy Ratio 121
Automation and Modernization 121
Overall Automation 121
Online Banking 122
BACH, BEFTN 124
SWIFT, e-GP 124
ATM, Mobile Banking, Agent Banking 125
Distribution of SEQAEP Stipend 126
Online CIB Reporting 127
Newsletter 127
Internal Control & Compliance 128
Credit Rating 129
HR Management and Development 129
Existing Manpower Strength 130
Action Plan for 2014 131
Training and Development 131
Subsidiary Companies of ABL 134
Agrani Equity & Investment Limited 134
Agrani SME Financing Company Limited 135
Agrani Exchange House Private Limited, Singapore 137
Agrani Remittance House Sdn. Bhd., Malaysia 138
Contribution to National Exchequer 140
Preparation of Financial Statements 142
Dividend Declaration 142
Appointment of Auditors 142

Contents Page No.
Acknowledgements 142
Corporate Governance 145
Board Structure 146
Meetings of the Board 146
Independent Directors 146
Committees of the Board 147
Bangladesh Bank’s Guideline for Corporate Governance 149
Directors’ Statement of Responsibilities 152
Report of the Board Audit Committee 153
Auditors’ Report & Audited Financial Statements 155
Auditors’ Report 156
Consolidated Balance Sheet 158
Consolidated Off Balance Sheet Items 159
Consolidated Profit and Loss Account 160
Consolidated Cash Flow Statement 161
Consolidated Statement of Changes in Equity 162
Consolidated Liquidity Statement 163
Notes to the Financial Statements 170
Highlights on the Overall Activities of the Bank 230
Nostro Accounts outside Bangladesh 237
Details of Advance Tax and Provision of Taxation 238
Fixed Assets Including Land, Buildings, Furniture and Fixtures 239
Islamic Banking Unit of ABL 246
Intra-Company Transaction 249
Auditors’ Report & Financial Statements of Subsidiary Companies of ABL
Agrani Equity & Investment Limited 251
Agrani SME Financing Company Limited 271
Agrani Exchange House Private Limited, Singapore 303
Agrani Remittance House Sdn. Bhd., Malaysia 327
Head Office Divisions 348
Corporate Organogram of ABL 349
Circles 350
Zones 351
Corporate Branch Offices 352
AD Branch Offices 353
Zone-wise List of Branches 356
6
List of Graphs
Name of Graphs Page No.
District-wise Number of Branches in Map 12
Spotlight 2013 34
Graphical Presentation of Performance 36
Operating Profit 36
Deposits 36
Net Loans and Advances 36
Net Asset Value Per Share 36
Cost to Income Ratio 37
Shareholders’ Equity 37
Non Performing Assets 37
Non Interest Income 37
Key Financial Information 52
Deposit Mix 52
Advance Deposit Ratio 52
Loans & Advances Matrix 52
Total Classified Loans in Percentage 52
Net Classified Loans to Net Loans in Percentage 52
Constituent of Assets 52
Current Ratio 53
Debt Equity Ratio 53
Return on Equity 53
Total Assets 53
Fixed Assets Growth 54
Capital Growth 54
Growth of Advance 54
Growth of Deposit 54
Distribution of Value Addition 56
Asset Portfolio 103
Deposit Mix 104
Deposit Mix of 2013 & 2012 104
Country-wise Remittance 107
Investment 109
Sector-wise Position of Loans 111

List of Tables
Name of Table Page No.
Origin and Growth of Agrani : Key Indicators from 1972 to 2013 23
Five Years’ Performance at a Glance 32
Distribution of Shares 46
Shares held by Directors as on 31 December 2013 46
Financial Highlights 50
Key Ratios 51
Capital Adequacy as per BASEL II 55
Value Added Statement 56
Balance Sheet Exposure : Region-wise 75
Off Balance Sheet Exposure : Region-wise 76
Credit Exposure : Sector-wise 76
Contribution to CSR Activities 86
Green Financing 89
Sources of Fund 103
Asset Portfolio 103
Types of Deposits 104
Country-wise Remittance 107
Item-wise Income of Treasury 108
Investment 2013 and 2012 109
Sector-wise Loans 2013 and 2012 110
Comparative Study of Project Loans 111
Credit Lines 113
SME Financing 115
Recovery Position of Classified and Overdue Loans and Advances 119
Appropriation of Profit 120
Audit Plan for the Year 2014 129
Credit Rating 129
Training Courses 133
Contribution to National Exchequer 141
Meetings of the Board 146
Meetings of the Board Audit Committee 147
8
Glossary of
Acronyms
ABL Agrani Bank Limited CAR Capital Adequacy Ratio
ABS Agrani Bank Sanchaya Scheme CBS Core Banking Software
AD Authorized Dealer CCR Credit Concentration Risk
ADBS Agrani Double Benefit Scheme CDBL Central Depository Bangladesh Limited
ADO Asian Development Outlook CDR Credit Deposit Ratio
ADP Annual Development Program CFO Chief Financial Officer
AEIL Agrani Equity & Investment Limited CFP Contingency Funding Plans
AFSL Australian Financial Services Lisence CFT Combating Finance of Terrorism
AGEX Agrani Exchange House Private Ltd., Singapore CIB Credit Information Bureau
ALCOM Asset-Liability Management Committee CIE Cottage Industry/ Enterprise
ALM Asset-Liability Management CMU Capital Management Unit
AML Anti-Money Laundering CP Credit Policy
AMLC Anti-Money Laundering Committee CP Core Principles
APS Agrani Bank Pension Shanchaya Scheme CPF Contributory Provident Fund
ASIC Australian Securities & Investment Commission CPI Consumer Price Index
ATA Anti-Terrorism Act CPTU Central Procurement Technical Unit
ATM Automated Teller Machine CRAB Credit Rating Agency of Bangladesh Limited
BACH Bangladesh Automated Clearing House CRECOM Credit Committee
BACPS Bangladesh Automated Cheque Processing System CRG Credit Risk Grading
BAMLCO Branch Anti-Money Laundering Compliance Officer CRISL Credit Rating Information Services Limited
BAS Bangladesh Accounting Standards CRM Credit Risk Management
BB Bangladesh Bank CRMC Credit Risk Management Committee
BBS Bangladesh Bureau of Statistics CRMD Credit Risk Management Department
BCBS BASEL Committee on Banking Supervision CRMG Core Risk Management Guidelines
BDT Bangladesh Taka CRMO Chief Risk Management Officer
BEFTN Bangladesh Electronic Fund Transfer Network CRO Chief Risk Officer
BFRS Bangladesh Financial Reporting Standards Crore 1 Crore is equivalent to 10 Million
BIA Basic Indicator Approach CRR Cash Reserve Requirement
BIS Bank for International Settlements CSP Customer Service Provider
B/L Bad/Loss CSR Corporate Social Responsibility
BMRE Balancing, Modernization, Rehabilitation & Expansion CTR Cash Transaction Report
BOD Board of Directors DCFCL Departmental Control Function Check List
BOEE A/C Balance of Exchange Equalization A/C DMS Debt Management Strategy
BRPD Banking Regulation and Policy Department DP Depository Participants
BSA Bangladesh Standards on Auditing DRS Disaster Recovery Site
BSEC Bangladesh Securities & Exchange Commission DSE Dhaka Stock Exchange
BSP Bangladesh Sanchaya Patra DTL Demand and Time Liabilities
CAMLCO Chief Anti-Money Laundering Compliance Officer EAD Exposure at Default

ECAI External Credit Assessment Institution EAS Early Alert System
EDF Export Development Fund IPO Initial Public Offering
EEF Equity Entrepreneurship Fund IRB Internal Rating Based
EFT Electronic Fund Transfer IRR Interest Rate Risk
e-GP Electronic Government Procurement IRRBB Interest Rate Risk in the Banking Book
EMV Euro Pay, Master Card and Visa IT Information Technology
EPS Earnings Per Share KPI Key Performance Indicators
ERM Environmental Risk Management KYC Know Your Customer
ERQ Exporter’s Retention Quota LAN Local Area Network
ETPs Effluent Treatment Plants LDCL Loan Document Check List
EVA Economic Value Added LGD Loss Given Default
FBP Foreign Bills Purchased LIBOR London Inter-Bank Offering Rates
FCA Fellow of Chartared Accountant LIC Low Income Country
FCMA Fellow of Cost Management Accountant LIM Loan Against Imported Merchandise
FDI Foreign Direct Investment LRM Liquidity Risk Management
FIMA Financial Institute Management Academy LTR Loan Against Trust Receipt
FSV Forced Sale Value MANCOM Management Committee
FX Foreign Exchange MCO Maximum Cumulative Outflow
FY Financial Year (July-June) MCR Minimum Capital Requirement
GBC Global Business Challenge MDA Modified Duration of Assets
GDP Gross Domestic Product MDG Millennium Development Goal
GFSR Global Financial Stability Report MDL Modified Duration of Liabilities
GOB Government of Bangladesh MDS Monthly Deposit Scheme
GPF General Provident Fund ME Medium Enterprise
GR General Reserve MICR Magnetic Ink Character Recognition
GSE Government Sponsored Enterprise MIE Micro Industry/Enterprise
HFT Held for Trading MIS Management Information System
HTM Held to Maturity MIS Monthly Income Scheme
IAS International Accounting Standards ML Money Laundering
IBP Inland Bills Purchased MLPA Money Laundering Prevention Act
IC Industrial Credit MOU Memorandum of Understanding
ICAAP Internal Capital Adequacy Assessment Process MTMF Medium Term Macro Economic Framework
ICAB Institute of Chartered Accountants of Bangladesh MYR Malaysian Ringgit
ICC Internal Control & Compliance NAV Net Asset Value
ICMAB Institute of Cost & Management Accountants of Bangladesh NBFI Non-Banking Financial Institution
ICT Information & Communication Technology NCB Nationalized Commercial Bank
ICT Internal Control Team NFCD Non-Resident Foreign Currency Deposit
ICU Internal Control Unit NII Net Interest Income
IFMS Instant Financial Messaging System NPA Non-Performing Assets
IFRS International Financial Reporting Standards NPL Non-Performing Loan
IMF International Monetary Fund NRIT Non-Resident Investors Taka Account
10
OBS Off-Balance Sheet NRTA Non-Resident Special Taka Account
OBU Offshore Banking Unit RWA Risk Weighted Assets
PAD Payment Against Document SA Standardized Approach
PC Packing Credit SAF Super Annuation Fund
PCB Private Commercial Bank SAFA South Asian Federation of Accountants
PD Primary Dealer SCB State Owned Commercial Bank

PD Probability of Default SE Small Enterprise
PE Price Earnings SEC Securities and Exchange Commission
PEP Politically Exposed Persons SEDP Small Enterprise Development Program
PLST Political, Legal, Social Technological Analysis SEQAEP Secondary Education Quality Access Enhancement Project
POS Point of Sales SGD Singapore Dollar

PPP Public Private Partnership SLR Statutory Liquidity Ratio
PRL Post Retirement Leave SREP Supervisory Review Evaluation Process
PRSP Poverty Reduction Strategy Paper SRP Supervisory Review Process
PSP Protirakkha Sanchaya Patra SMA Special Mention Account
PUC Paid Up Capital SME Small and Medium Enterprise
PV Present Value SMM Standarized Measurment Method
QOR Quarterly Operation Report SMS Short Message Service
RAF Risk Appetite Framework SNTD Special Notice Time Deposit
RBCA Risk Based Capital Adequacy SOD Secured Overdraft
RBIA Risk Based Internal Audit SOE State Owned Enterprise
R&D Research and Development SOP Standard Operating Procedure
RE Retained Earnings SREP Supervisory Review Evaluation Process
RFCD Resident Foreign Currency Deposit SRP Supervisory Review Process
REPO Re-Purchase Agreement STD Short Term Deposit
RIT Rationalized Input Template STR Suspicious Transaction Report
RMC Risk Management Committee SWAP Sell With a Purchase
RMD Risk Management Department SWIFT Society for Worldwide Inter-bank Financial Telecommunication
RMG Ready Made Garments SWOT Strengths, Weaknesses, Opportunities, Threats Analysis
RMU Risk Management Unit TOR Terms of Reference
ROA Return on Assets (excluding contingent items) TP Transaction Profile
ROE Return on Equity UC Unclassified
ROD Right Share Offer Document UCP Uniform Customs and Practice
ROL Return on Investment VAR Value at Risk
RPGCL Rupantarita Prakkritik Gas Company Limited WAN Wide Area Network
RSA Rate Sensitive Assets WBG Wholesale Borrowing Guidelines
RSL Rate Sensitive Liabilities WBR Web Based Remittance
RU Recovery Unit WEO World Economic Outlook
RW Risk Weighted WTO World Trade Organization

6
4 3
ABL Network of 905 Branches
2
12 9
13
11
9
6
12 5 35
14
30 11
13 18
18 Natore 13
20 24 12 5
13
16
24
10
21 15
11 87
4
5 12
10
10 14 32
16
5
5 20
5 2
18 10
11
14
15 13 13
4
7
10 5
29 14
12 9 66
District-wise Number of Branches
12
Corporate Profile
Agrani Bank Limited
As on 31.12. 2013
Agrani Bank Limited (ABL) was incorporated as a State Owned Commercial Bank on 17 May 2007 under the Companies Act 1994.
Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide
President’s Order No. 26 of 1972. On a going concern basis ABL took over the business, assets, liabilities, rights and obligations
of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s
Republic of Bangladesh & the Board of Directors of ABL with retrospective effect from 1 July 2007.
Legal Status Public Limited Company
Shareholding Patern 100 percent share owned by Government of the People’s Republic of Bangladesh
Chairman Khondoker Bazlul Hoque, PhD
Managing Director & CEO Syed Abdul Hamid, PhD, FCA
Company Secretary Badal Chandra Dey
Registered Office 9/D Dilkusha, Dhaka 1000, Bangladesh (1 crore is equal to 10 million)
Authorised Capital Tk. 2,500.00 Crore Total Deposits Tk. 34,867.52 Crore
Paid up Capital Tk. 2,072.29 Crore Loans & Advances Tk. 20,296.54 Crore
Operating Profit Tk. 1,063.93 Crore Total Equity Tk. 3,564 Crore
Tax Identification No. 0022001223 Vat Registration No. 19011031730
Employee 14,005 (officer 10,458, staff 3,547) Branch 899
Circle Office 11 Zonal Office 62
Authorised Dealer Branch 40 Corporate Branch 27
Number of Exchanges 56 Foreign Correspondent 396
Credit Rating By CRISL (Rating Date: 7 October 2013) Long Term Short Term
Entity Rating 2012 (as Govt. Guaranteed Bank) AAA ST- 1
Surveillance Rating 2012 (Stand Alone Basis) BBB ST- 3
Surveillance Rating 2011 (Stand Alone Basis) A+ ST- 2
Outlook Stable
Subsidiary Companies Agrani Equity & Investment Limited

in Bangladesh Agrani SME Financing Company Limited
Subsidiary Companies Agrani Exchange House Private Limited, Singapore (4 branches)

in Overseas
Agrani Remittance House Sdn. Bhd., Malaysia (4 branches)
Agrani Exchange Company (Australia) Pty. Limited
Agrani Remittance House Canada Inc.
Phone +88-02-9566153-4, +88-02-9566160-9, +88-02-9566074-5
Fax +88-02-9562346, +88-02-9563662, +88-02-9563658
SWIFT Code AGBKBDDH Website www.agranibank.org
E-mail agrani@agranibank.org, info@agranibank.org MD’s E-mail mdagrani@agranibank.org

Our Vision
To become the best leading state owned commercial bank
of Bangladesh operating at international level of efficiency,
quality, sound management, excellent customer service and
strong liquidity.
14
Our Mission
To operate ethically and fairly within the stringent frame-
work set by our regulators and to assimilate ideas and
lessons from best practices to improve our business policies
and procedures to the benefit of our customers and
employees.

Our Motto
To adopt and adapt modern approaches to stand supreme
in the banking arena of Bangladesh with global presence.
16

Our Values
We value in integrity, transparency, accountability, dignity,
diversity, growth and professionalism to provide high level
of service to all our customers and stakeholders inside and
outside the country.

Our Strategic Objectives
• Winning at least 7.00 percent share of deposits and 6.00 percent share of
loans and advances of Bangladeshi market.
• Gaining competitive advantages by lowering overall cost compared to that

of competitors.
• Overtaking competitors by providing quality customer service.
• Achieving technological leadership among the peer group.
• Strengthening the Bank’s brand recognition.
• Contributing towards the economic well-being of the country by focusing

particularly on remittance, SME and agricultural sectors.
• Strengthening research capability for innovative products.
Our Ethical Standards

• Be Trustworthy: We believe in mutual trust and treat our
customers in a way so that they can trust us.
• Keep an Open Mind: For continuous improvement of our Bank

we keep our minds open to new ideas. We seek opinions and
feedback from both customers and team members through
which our Bank will continue to grow.
• Meet Obligations: Regardless of the circumstances, we do

everything to gain the trust and confidence of customers and
clients by honoring our commitments and obligations.
• Be Transparent: We are transparent in our dealings with customers and all stakeholders. We ensure
transparency by furnishing information through print and electronic media as well as in Bank’s website,
journals and reports.
• Be involved with the Community: We remain involved in community-related issues and activities, thereby
demonstrating that our business is socially responsible.
• Be Respectful: We treat all stakeholders with utmost respect and courtesy regardless of differences, positions,
titles, ages, or other types of distinctions.
• Be Environment Conscious: We provide industrial financing decorously to keep the environment free
from pollution and health hazard. We also ensure setting up ETP before installation of industries to keep
environment safe. We are pro-active and foresighted for green office and green economy.
18
Letter of
Transmittal
To
All shareholders
Registrar of Joint Stock Companies & Firms
Bangladesh Bank
Securities and Exchange Commission
Dhaka.
Sub: Annual Report for the year ended on 31st December 2013.
Dear Sir (s)
We are pleased to enclose herewith a copy of the Annual Report-2013, together with the Audited Financial Statements
of Agrani Bank Limited and its Subsidiaries – Agrani Equity & Investment Limited, Agrani SME Financing Company
Limited, Agrani Exchange House Private Limited, Singapore and Agrani Remittance House Sdn. Bhd., Malaysia for
your kind information and record.
Yours sincerely,
Syed Abdul Hamid, PhD, FCA

Managing Director & CEO

Notice of the
Seventh Annual General Meeting
Notice is hereby given to all Shareholders of Agrani Bank Limited that the 7th Annual General Meeting of the Company
will be held on 7th May 2014 at 5.00 pm at ‘Marble Room’ of Rupashi Bangla Hotel in Dhaka, to transact the following
business and adopt necessary resolutions:
Agenda
1. To inform the minutes of the 6th Annual General Meeting held on 6th October 2013.
2. To receive, consider and adopt the Audited Financial Statements of the Bank for the year ended
31st December 2013 together with the Report of the Directors’ and the Auditors’ Report thereon.
3. To elect /re-elect Directors.
4. To appoint Auditors for 2014 and to fix their remuneration.
5. To transact any other related business with the permission of the Chair.
Dated : 23 April 2014 By Order of the Board of Directors
Badal Chandra Dey

Company Secretary
20
Origin and Growth of Agrani
Key Indicators : From 1972 to 2013 BDT in Crore [1 crore is equal to 10 million]
Loans & Classified Foreign Operating Net Man- No.of Authorised Paid up
Year Deposits Import Export Equity
Advances Loans Remittance Profit Profit power Branch Capital Capital
1972 96 77 1 1 2267 249 5 1 1

1973 125 101 3 3 2363 283 5 3 4
1974 137 121 77 37 3 3 3517 289 5 3 5
1975 141 126 60 39 4 4 3561 305 5 3 6
1976 182 152 76 90 5 5 3770 351 5 3 6
1977 248 206 190 100 5 5 5074 510 5 3 6
1978 318 251 208 102 9 5 5 6672 602 5 3 7
1979 380 295 279 131 5 5 6981 690 5 3 7
1980 470 361 282 133 5 5 7901 775 5 3 7
1981 571 394 284 141 11 7 7 7460 775 5 3 7
1982 707 464 315 231 31 9 9 9334 776 5 3 7
1983 1027 662 502 289 86 12 12 10062 777 5 3 7
1984 1441 1031 863 470 182 17 17 10523 789 15 3.5 7
1985 1742 1286 891 538 316 32 32 11128 808 15 3.5 10
1986 1967 1466 901 509 430 28 28 11196 825 15 3.5 10
1987 2381 1650 1162 593 651 18 18 11237 851 15 3.5 11
1988 2625 1916 1106 735 757 13 13 12605 862 15 3.5 12
1989 3060 2248 660 1746 822 780 1 1 13213 870 15 3.5 12
1990 3187 2193 736 1285 1135 906 2 2 13152 881 800 106 116
1991 3667 2458 867 1277 1218 1183 0.02 0.02 13154 889 800 106 116
1992 4176 2650 930 1803 1724 1611 0.04 0.04 13143 891 800 106 116
1993 4512 3060 1230 2163 2129 1846 0.64 0.64 13915 895 800 248 278
1994 5250 3767 1292 3234 2853 2115 1 1 13981 899 800 248 278
1995 6344 4650 1620 4058 3590 2026 1 1 13789 903 800 248 278
1996 6713 4861 2023 2948 3510 2160 1 1 13952 903 800 248 279
1997 7301 5101 2433 2832 3520 2517 1 1 13486 903 800 248 279
1998 8278 5378 2846 3053 3521 2675 1 1 13530 903 800 248 280
1999 9079 5837 3005 2597 3472 2795 1 1 13341 903 800 248 316
2000 10053 7701 2937 3271 4202 3219 59 2 13320 903 800 248 325
2001 10671 8002 3000 2634 3743 3371 24 0.20 13058 901 800 248 333
2002 11547 8896 3144 3122 3458 3172 30 1.50 12901 891 800 248 340
2003 11743 8931 2641 2897 3575 2743 26 0.14 12514 872 800 248 340
2004 12538 9592 2692 3591 4197 3684 -75 -2172 12208 870 800 248 -1890
2005 13084 9940 2814 5119 4171 3457 214 163 11938 864 800 248 -1726
2006 12892 10587 2782 11592 5171 3930 358 194 11793 866 800 248 -1532
2007 13592 11849 3179 11343 4892 4281 526 316 11345 866 800 248 334
2008 14681 11336 2549 10952 4954 5269 633 265 10988 867 800 248 642
2009 16628 12224 2374 7753 4461 5587 644 111 11443 867 800 497 1144
2010 20633 16326 2102 16792 6443 7097 1086 352 11900 867 800 547 1572
2011 25221 19409 2149 26877 9310 8682 1474 250 12085 876 1000 901 2594
2012 29243 21266 5380 16963 8838 11681 1007 -1862 13890 889 2500 991 717
2013 34868 20297 3580 15947 7845 12657 1064 905 14005 899 2500 2072 3564
Chairmans of the Board : From 1972 to 2013
Agrani Bank : As Nationalized Commercial Bank
Sl. No. Name From To
1 M. Fazlur Rahman 02-01-1972 31-03-1981
2 Abdur Rahman Biswas 01-04-1981 04-05-1982
3 Prof. M. Safiullah 05-05-1982 04-05-1985
4 M. Matiur Rahman 05-05-1985 16-04-1986
5 Mir Ataul Haque Khandker 17-04-1986 21-01-1987
6 Imamuddin Ahmad Chaudhury 22-01-1987 14-12-1990
7 Mohd. Faizullah 15-12-1990 05-10-1991
8 L.K. Siddiqi 06-10-1991 22-09-1993
9 M. Hafizuddin Khan(Acting) 23-09-1993 03-01-1994
10 Dr. Fashiuddin Mahtab 04-01-1994 31-01-1996
11 Atauddin Khan 01-02-1996 18-07-1996
12 H. T. Imam 11-08-1996 10-08-1998
13 Md. Matiur Rahman 13-08-1998 21-06-2000
14 Abdul Hannan 22-06-2000 25-03-2001
15 Dr. Sohrabuddin 28-03-2001 12-11-2001
16 M. Ahsanul Haque 14-11-2001 12-11-2003
17 Sayed Mushtak (Acting) 19-11-2003 13-01-2004
18 Md. Fazlur Rahman 14-01-2004 26-11-2006
19 S.M.Jahrul Islam 19-12-2006 02-04-2007
20 Siddiqur Rahman Choudhury 23-04-2007 16-05-2007
Agrani Bank Limited : As State Owned Commercial Bank
1 Siddiqur Rahman Choudhury 17-05-2007 16-09-2009
2 Dr. Khondoker Bazlul Haque 17-09-2009 Onward
22
Managing Directors : From 1972 to 2013
Agrani Bank : As Nationalized Commercial Bank
Sl. No. Name From To
1 M. Fazlur Rahman 26-03-1972 14-07-1982
2 Lutfar Rahman Sarkar 15-07-1982 31-08-1983
3 Humyun Hamid (Acting) 01-09-1983 13-10-1983
4 Mohammad Hossain 14-10-1983 11-04-1987
5 Humayun Hamid 11-04-1987 04-03-1991
6 Gulam Mohammad (Current Duty) 04-03-1991 09-09-1991
7 Quazi Baharul Islam 09-09-1991 30-07-1992
8 Mustafa Aminur Rashid 30-07-1992 30-09-1995
9 Foyezuddin Ahmed 30-09-1995 04-02-1996
10 A. Q. Siddiqui 04-02-1996 03-08-1996
11 Khondoker Ibrahim Khaled 03-08-1996 18-02-1997
12 Mosharraf Hossain 12-03-1997 28-04-1999
13 A. K. M. Nazmul Haq 31-05-1999 25-07-1999
14 M. Enamul Haq Chowdhury 01-08-1999 06-01-2000
15 M. A. Yousoof 06-01-2000 10-07-2001
16 A. S. M Imdadul Haque 10-07-2001 05-09-2004
17 A. K. M. Asaduzzaman (Current Duty) 06-09-2004 01-10-2004
18 Syed Abu Naser Bakhtear Ahmed 02-10-2004 02-05-2007
Agrani Bank Limited : As State Owned Commercial Bank
2 Syed Abdul Hamid (Acting) 15-11-2007 14-04-2008
4 Syed Abdul Hamid, PhD, FCA 13-04-2010 Onward

Board of Directors
Chairman
Khondoker Bazlul Hoque, PhD

Professor
Department of International Business
University of Dhaka
Directors
Arastoo Khan Prof. Dr. Md. Abdur Rouf Sardar

Additional Secretary Director
ERD, Ministry of Finance Bangladesh Medical College Hospital
Government of the People’s Republic of Dhanmondi, Dhaka
Bangladesh
A.K. Gulam Kibria, FCA Shameem Ahsan

Senior Partner IT Specialist and Entrepreneur
G.Kibria & Co., Chartered Accountants
Engineer Md. Abdus Sabur Md. Altaf Hossain Molla

Engineer and Industrialist DIG of Police (Rtd.)
K.M.N. Manjurul Hoque Lablu A B M Kamarul Islam

Chief Editor & Managing Director Joint Secretary (Rtd.)
Global News Agency
Niaz Rahim Hasina Newaaz

Director Industrialist
Rahim Afrooz Group of Company
Advocate Balaram Podder Syed Abdul Hamid, PhD, FCA

Law Practitioner and Managing Director & CEO
Social Worker Agrani Bank Limited
Company Secretary
Badal Chandra Dey
24
Board of Directors

Chairman
Arastoo Khan A K Gulam Kibria, FCA Engineer Md. Abdus Sabur KMN Manjurul Hoque Lablu
Director Director Director Director
Niaz Rahim Advocate Balaram Podder Prof. Dr. Md. Abdur Rouf Sardar Shameem Ahsan
Director Director Director Director
Md. Altaf Hossain Molla A B M Kamarul Islam Hasina Newaaz Syed Abdul Hamid, PhD, FCA
Director Director Director Managing Director & CEO

Composition of Committees
of the Board of Directors
Executive Committee
K.M.N.Manjurul Hoque Lablu
Prof. Dr. Md. Abdur Rouf Sardar
Shameem Ahsan
A .B.M. Kamarul Islam
Hasina Newaaz
Audit Committee
Arastoo Khan
A.K. Gulam Kibria, FCA
Engineer Md. Abdus Sabur
Advocate Balaram Podder
Md. Altaf Hossain Molla
Risk Management Committee
Arastoo Khan
A.K. Gulam Kibria, FCA
Engineer Md. Abdus Sabur
Prof. Dr. Md. Abdur Rouf Sardar
Shameem Ahsan
26
Board of Trustees
Agrani Bank Limited Employees’ Provident Fund
Chairman
K.M.N. Manjurul Hoque Lablu
Director of the Board
Members
Md. Obayed Ullah Al Masud

Deputy Managing Director
Mohammad Shams-Ul Islam

A. K. M. Mujibur Rahman
Muhammad Awal Khan

Md. Nazrul Islam Farazi

General Manager and Chief Financial Officer (CFO)
Md. Rafiqul Alam
General Manager (Admin)
Member Secretary
Md. Yusuf Ali
Deputy General Manager
Auditors
Hoda Vasi Chowdhury & Co. A.Qasem & Co.
Chartered Accountants Chartered Accountants
BTMC Bhaban (Level-8) Suites :1-3, Level : 7
7-9 Kawran Bazar C/A Plot :15, Road : 103
Dhaka 1215 Gulshan Avenue, Dhaka 1000
Income Tax Advisor Credit Rating Company

M/s L.R. Bhuiyan and Associate Credit Rating Information and Services Limited (CRISL)
6 Bijoy Nagar (2nd Floor), Dhaka 1000 Nakshi Homes, 6/1/A Segun Bagicha, Dhaka 1000
Legal Consultant Chief Medical Officer

Shahjahan Majumder Parimal Kanti Debnath, MBBS
Management Team
Deputy Managing Directors

Md. Obayed Ullah Al Masud General Managers
Mohammad Shams-Ul Islam Md. Nurul Haque
A. K. M. Mujibur Rahman (Promoted as DMD on 3.2.2014

(Retired on 30.1.2014) Posted to Sonali Bank Limited)
Muhammad Awal Khan Bhanu Roy Chowdhury
Mizanur Rahman Khan (Promoted as DMD on 1.4.2014
(Promoted on 3.2.2014)
Posted to Sonali Bank Limited)
Mohammad Jalal Uddin
Haradhan Chandra Das
(Retired on 9.3.2014)
A. A. Md. Shajahan
Md. Nazrul Islam Farazi
Md. Shahidullah
Badal Chandra Dey
Hamidur Rahman
Mobarak Hossain
Md. Rafiqul Alam
Md. Moshiur Ali
Md. Ali Hossain Prodhania
Kalpana Saha
Md. Delowar Hossain
Tazrina Ferdausi
Kazi Alamgir
Md. Aminul Islam
Pankaj Roy Chowdhury
Md. Yusuf Ali
Md. Kamruzzaman
Borhanuddin Farook Ahmed
Md. Showket Islam
Md. Harmuz Miah
28
Management Team
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General Managers
Md. Nurul Haque Bhanu Roy Chowdhury Mohammad Jalal Uddin Haradhan Chandra Das
(Promoted as DMD on 3.2.2014 (Promoted as DMD on 1.4.2014 (Retired on 9.3.2014)
Posted to Sonali Bank Limited) Posted to Sonali Bank Limited)
A. A. Md. Shajahan Md. Nazrul Islam Farazi Md. Shahidullah Badal Chandra Dey Hamidur Rahman
Mobarak Hossain Md. Rafiqul Alam Md. Moshiur Ali Md. Ali Hossain Prodhania Kalpana Saha
Md. Delowar Hossain Tazrina Ferdousi Kazi Alamgir Md. Aminul Islam Pankaj Roy Chowdhury
Md. Yusuf Ali Md. Kamruzzaman Borhanuddin Farook Ahmed Md. Showket Islam Md. Harmuz Miah
30
Deputy General Managers
01 A. S. M. Waliullah 39. Israt Ara 77. Md. Nazmul Haque
02. Md. Mozammel Hoque 40. Shukanti Bikash Shanyal 78. Md. Abdus Salam Molla
03. Dr. Md. Emdadul Haque 41. Shekhar Chandra Biswas 79. Md. Jahangir Mondal
04. Sahida Akhtar 42. Md. Hasan Suhrawardy 80. Muhammad Golam Mustafa
05. Md. Rezaul Karim 43. Md. Faruqe Ahmed 81. Sabbir Ahmed Chowdhury
06. Md. Mustafa Kamal Bhuiyan 44. Md. Abdul Gafur 82. A. B. M Abdul Mobin
07. Shamsuzzaman 45. Md. Sanowar Hossain 83. Pratima Kundu
08. Md. Nazrul Islam 46. Md. Hafizur Rahman 84. Md. Zakir Hossain Khan
09. Md. Ruhul Amin 47. Md. Nurul Islam 85. Md. Hemayet Hossain
10. Md. Serajul Islam 48. Md. Wahiduzzaman 86. Md. Kazi Omar Faruque
11. Md. Nurul Amin 49. Tuheen Alam 87. Md. Amirul Islam
12. Md. Kamruzzaman 50. Md. Monirul Islam 88. Zakia Begum
13. A.B.M. Khalequzzaman 51. Selina Zaman 89. Md. Abdul Gafur
14. Md. Nurul Absar 52. Belayet Hossain 90. Tapash Sarker
15. Md. Anisur Rahman 53. A. M. Abid Hossain 91. Md. Fazle Halim
16. Md. Shafiqur Rahman Sadique 54. Md. Lutfor Rahman 92. Md. Lutfar Rahman Sikder
17. Md. Golam Kabir 55. Mahmudul Ameen Masud 93. Ashok Kumar Saha
18. S.M. Nurul Ahsan 56. Bimalendra Saha 94. Ajay Kumar Poddar
19. Md. Abdus Sattar 57. Arajit Kumar Das 95. Esmat Parvin
20. Babul Kumar Saha Roy 58. Zahiruddin Khan 96. Md. Mozammel Hossain
21. Md. Abdul Haque 59. Shahreen Akhter 97 Md. Monirul Islam
22. Shirin Akhter 60. S. M. Babul Islam 98. Md. Jalal Uddin
23. Selina Akhter 61. Md. Akhtarul Alam 99. Rafiq Ahmed
24. M. Habibur Rahman 62. Sk. Md. Kamruzzaman 100. Jasim uddin Ahmed
25. Md. Abu Anis Sultan Mamun 63. Md. Ismail Hossain 101. Ali Ul Abedin Bhuiyan
26. Md. Rezaul Karim 64. Mohammed Shawkat Ali 102. Raziur Rahman Osmani
27. Md. Khorshed Alam 65. Abu Bakar Khan 103. Md. Samiul Alam
28. Md. Sharif Ullah 66. Md. Benazir Kamal 104. Md. Ataur Rahman
29. Mrs. Rokeya Afroza 67. Hazera Khatun 105. Khondoker Sajedul Hoque
30. Md. Habibur Rahman 68. Syed Abdur Rahim 106. Md. Ruhul Amin
31. Md. Liakat Ali 69. Md. Abdur Rahim 107. Kazi Shafiqul Islam
32. Md. Akram Hossain 70. Md. Habibul Alam 108. Md. Habibur Rahman
33. Md. Wali Ullah 71. Md. Abdus Salam Miah 109. Md. Yasin Ali Tarafder
34. Jahar Lal Roy 72. Md. Anwarul Islam 110. Md. Wadud Ali
35. Md. Abul Basar Serneabad 73. Md. Nasir Uddin 111. Md. Ebayedullah Talukder
36. Tapash Kumar Das Gupta 74. Azizul Kabir 112. Abdur Rahim Talukder
37. Md. Abul Hashem 75. Kanai Lal Mali 113. Samir Ranjan Lodh
38. Sk. Abdul Kader 76. Md. Abdur Rashid

Five Years’
Performance at a Glance
Taka in crore
Particulars 2013 2012 2011 2010 2009
Balance Sheet
Authorized Capital 2,500 2,500 1,000 800 800
Paid-up Capital 2,072 991 901 547 497
Reserves 1,659 1,168 1,168 486 139
Revaluation Reserve on Investment in Govt. Securities 58 12 27 90 207
Retained Profit (Loss) (225) (1,454) 498 449 74
Total Equity 3,564 717 2,594 1,572 1,144
Total Deposits 34,868 29,243 25,221 20,633 16,628
Core Deposits 10,722 9,932 9,255 8,505 7,357
i. Savings Deposit 9,524 8,926 8,532 8,013 6,966
ii. Deposit Pension Scheme 88 127 133 131 125
iii. Agrani Bank Pension Scheme 45 71 68 66 136
iv. Agrani Bank Bishesh Shanchay Scheme 1,065 808 522 295 130
Total Loans and Advances 20,297 21,266 19,409 16,326 12,224
Interest Suspense and Penal Interest 688 735 602 579 691
Provision for Loans and Advances 1,923 3,466 1,235 1,064 1,187
Net Loans and Advances 17,686 17,065 17,572 14,683 10,345
Investments (net) 14,566 8,921 8,376 4,264 4,089
Fixed Assets 1,525 1,138 1,123 544 288
Total Assets 44,416 37,872 34,882 26,485 21,406
Net Current Assets 6,781 4,823 5,859 5,960 4,798
Operating Results
Total Income 4,113 3,700 3,301 2,402 1,636
Total Expenditure 3,049 2,693 1,827 1,316 992
Operating Profit before Amortization, Provision & Tax 1,064 1,007 1,474 1,086 644
Amortization of Valuation Adjustment 133 133 133 133 133
Provision during the year 242 2,738 607 312 185
Provision for Tax (216) (2) 484 289 190
Net Profit (loss) after Amortization, Provision & Tax 905 (1,862) 250 352 136
Financial Ratios
Earnings per Share 91.28 (187.84) 25.22 46.47 24.80

Cost of Fund in percentage 10.41 9.97 7.69 7.42 6.86
Return on Equity in percentage 25.39 (259.94) 9.64 22.38 53.75
Return on Assets in percentage 2.04 (4.92) 0.72 1.33 0.63
Net Interest Margin in percentage 3.43 1.61 3.83 6.25 4.61
Average Yield on Loan in percent (Performing Loan) 14.19 13.86 11.99 11.19 11.04
Loans as percentage of Deposit (AD Ratio) 58.21 72.72 76.95 79.13 73.51
Total Classified Loans to Total Loans in percentage 17.93 25.30 11.07 12.88 19.42
Net Classified Loans to Net Loans in percentage
6.81 8.40 3.44 4.69 4.79
(including staff loan)
32
Five Years’
Performance at a Glance
Taka in crore
Particulars 2013 2012 2011 2010 2009
Capital Measures (As per Basel II)
Total Risk Weighted Assets 21,370 21,455 21,411 19,326 12,052
Core Capital (Tier-I) 1,212 (1,320) 1,688 1,163 710
Supplementary Capital (Tier-II) 933 - 665 616 281
Total Capital 2,145 (1,320) 2,353 1,779 991
Tier-I Capital Ratio 6.00% - 8% 6% 6%
Tier-II Capital Ratio 4.00% - 6% 3% 3% 2%
Total Capital Ratio 10.00% 11% 9% 8%
Credit Quality
Non-Performing Loans (NPLs) 3,580 5,380 2,149 2,102 2,374
Provision for Unclassified Loans - 254 293 230 131
Provision for Classified Loans - 3,212 942 834 1,056
Share Information
No. of Shares Outstanding 20,72,29,404 9,91,29,404 9,01,17,640 5,46,52,400 4,96,84,000
No. of Shareholders 12 12 12 12 12
Dividend - Bonus Share - - 10% 10% 10%
Net Asset Value per Share (Taka) 172 72 288 288 230
Key Operational Datas
Forex Business 36,449 37,482 44,869 30,332 17,801
i. Import 15,947 16,963 26,877 16,792 7,753
ii. Export 7,845 8,838 9,310 6,443 4,461
iii. Remittance 12,657 11,681 8,682 7,097 5,587
Guarantee Business 794 515 442 527 160
Branches 899 889 876 867 867
Employees 14,005 13,890 12,085 11,900 11,443
NOSTRO A/C with Foreign Banks 43 43 43 38 39
Exchange Houses (Remittance) 56 52 52 41 35
Foreign Correspondents 396 429 419 419 383
Number of Subsidiary Company 6 6 4 4 2

Total Equity
Branches Tk. 3,564
899 Deposits crore
Tk. 34,868
Total
crore Operating
Employees Profit
14,005 Tk. 1,064
crore
S
P
Foreign O Foreign
Remittance T Correspondents
Tk. 12,657 L 396
crore I
G
H
T
of 2013
Spotlight of 2013
34
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Graphical Presentation of Performance
Net Asset Value Per Share Crore Taka
300
288
288
250
230
200
172
150
100
Operating Profit Crore Taka
72
50
0
2009 2010 2011 2012 2013 1500
1,474
1200
1,086
1,064
900
1,007
600
644
300
0
2009 2010 2011 2012 2013
Net Loans and Advances Crore Taka
20000
17,686
17,572
17,065
15000
14,683
10000
10,345
5000
Deposit Crore Taka
0
2009 2010 2011 2012 2013
35000
34,868
30000
29,243
25000
25,221
20000
20,633
15000
16,628
10000
5000
0
2009 2010 2011 2012 2013
36
Graphical Presentation of Performance
Cost to Income Ratio (%)
80
70
74.15
60 72.78
60.33
50
55.34
54.77
40
30
20
10 Shareholder’s Equity Crore Taka
0
2009 2010 2011 2012 2013
4000
3500
3,564
3000
2500
2,594
2000
1500
1,572
1000 11,44
717
500
0
2009
200 2010
2 0
201 2011
2 1
201 2012 2013
3
Non-Interest Income Crore Taka
2000
1,719
1500
1,311
1000
1,058
1,002
500
624
0 Non-Performing Assets Crore Taka

2009 2010 2011 2012 2013
6000
5,380
5000
4000
3,580
3000
2000
2,374
2,149
2,102
1000
0
2009 2010 2011 2012 2013

Chairman’s Message
Several steps taken by the Board to update various policies & directives to improve the
performance of the Bank and its service delivery.
To bring transparency & accountability,... the Board and the Bank Management making
relentless efforts to ensure meaningful corporate governance in all spheres.

Bangladeshis about our remittance business so that ABL
Chairman’s Message can be the ‘number one bank’ in terms of bringing in
highest amount of foreign remittance to Bangladesh,
making the country’s economy stronger and more vibrant.
Dear Shareholders
Assalamu Alaikum and a very good evening Honorable shareholders, to cope up with the vision of
It’s a great pleasure for me to welcome you all to the Digital Bangladesh, envisaged by honorable Prime
7th Annual General Meeting of Agrani Bank Limited. On Minister Sheikh Hasina, cherisher of democracy in
behalf of the Board of Directors, I am delighted to present Bangladesh, Agrani Bank Limited is committed to
before you a brief account of major achievements of the creating a digital banking mindset among the employees
Bank in the year ended on 31 December 2013 with a as well as the customers. To move with the competitive
touch on our national economy in context with global headwind, our business would be steered depending
economic scenario. on the market demand. So far, our 200 branches have
been digitalized through T24 online banking software
First of all, I recall with profound respect the architect of as well as increasing number of ATM booth so that we
our Independence, the greatest Bangalee of all times, can meet the ever changing demand of the customers. I
father of the nation, Bangabandhu Sheikh Mujibur am pleased to inform you that as a logical consequence
Rahman. It is because of his visionary leadership, of automation, our valued clients are enjoying quality
Bangladesh came into being as an independent state services day by day.
in the world map. I remember with high esteem the four
martyred great national leaders of Bangladesh. I also To build up a solid internal organizational foundation,
pay my tribute to the martyred heroes of our liberation a number of measures have been taken by the Board
war in 1971. to improve efficiency and performance of the bank
officials. In order to bring vigour and speed in the
Respected shareholders, with the patchy economic Bank, timely promotion and recruitment have been
recovery in the US after overcoming the doldrums of ensured during the year. To strengthen internal control
budget sequestration, the aftershock of Arab spring, the and compliance, necessary steps have been taken by
dismal picture in the job market in Italy, Spain, Portugal, the Audit and Inspection Division functioning on the
Greece and in Bangladesh uncertainty surrounding GSP, basis of Bangladesh Bank’s internal control guidelines
catastrophic accidents in garments sector, political and directions given by the wise and visionary Audit
turmoil, we in ABL, could maintain our stable growth in Committee of the Board. A Risk Management Committee
almost all of our business performing areas in 2013. This of the Board has also been formed this year to identify as
is largely attributable to the prudent guidance of the well as overcome the risks that may arise in our banking
Board, efficient performance of the management and business. I strongly believe that ABL has been able to
committed efforts made by all ABL members. yield its position on a sound organizational foundation.
Let me now recount some of the significant achievements Agrani Bank Limited always tries to ensure good
of the Bank in the year 2013. The Bank continued to grow governance through preserving corporate culture in the
Bank. In order to bring transparency and accountability
steadily. Deposits increased by 19.24 percent in 2013
in managing the affairs of the Bank, the Board and the
and reached to Tk 34,868 crore from Tk. 29,243 crore of
Bank Management have been making relentless efforts
2012. Total loans and advances in 2013 was Tk. 20,297
to ensure meaningful corporate governance in all
crore which wasTk. 21,266 crore in 2012. In a period after spheres of banking activities. It includes sanction and
the worldwide financial meltdown, the profit before disbursement of credit, loan administration, keeping of
amortization, provision and tax was Tk 1,064 crore at the accounts, utilization of resources, fund management and
end of 2013. reduction of wasteful expenditures.

Through different channels of ABL, the inflow of foreign The Bank operates under the overall guidance of the
remittance was Tk. 12,657 crore in 2013. In remittance Board of Directors. The Board remained ever vigilant
business we were first among the SCBs in 2012 & about compliance of existing rules and regulations
2013. This has been possible because of wide internet throughout the year as well as devoted much of its
coverage in the branches and having linkages with a time in delivering policy directives to the management.
good number of foreign exchange houses abroad. I Several steps have been taken by the Board during the
hope ABL will take more steps to make aware expatriate year to update various policies and directives to improve
40
the performance of the Bank and its service delivery. All their committed service to ABL. Their winning spirit and
these measures together enhanced the competitiveness willingness to work cohesively and unitedly has enabled
of the Bank during the year under review. us to achieve this stellar set of results.
As part of our commitment to social obligation, we I would also like to thank our valued shareholders,
spend a significant amount in the form of CSR activities customers, and business partners, Bangladesh Bank and
to ensure safe and welcoming ambience in our society. the Government of Bangladesh for the co-operation
We hope, this will provide equal opportunity and fair they have provided us. With their unflinching faith and
treatment without any bias to any particular group or confidence, I hope and believe that ABL will emerge
community, providing the disadvantaged and deprived stronger than ever before.
with a platform to make his/her presence felt in the
society. May Allah bless us all in taking forward our agenda for
the Bank’s prosperity.
Bangladesh is one of the most climate change vulnerable
countries in the world. Besides, there are man-made
eco-pollutions. So, we support innovative green
products and activities which are not hazardous to the
environment. ABL in general, aims at green banking and
green economy.
I would like to extend my sincere gratitude to the Khondoker Bazlul Hoque, PhD
members of our Board for their wise counsel, our efficient Chairman
management team and dedicated staff members for The Board of Directors

Overview of
Amongst the State Owned Commercial Banks, ABL is pioneer in online banking.
In foreign remittance, amid SCBs, ABL secured first position in the year 2012 and 2013.
ABL is the second largest Bank of the country in respect of branch network which is 905 at present.

Foreign remittance has been playing a pivotal role in
Overview of shaping the thriving economy of Bangladesh which
augmented our foreign reserve to the tune of USD 21
Managing Director & CEO billion. In 2013, remittance inflow through ABL was Tk.
12,657 crore with a growth rate of 8.36 percent which
pertained 11.76 percent to the national figure. In foreign
Respected Shareholders remittance, ABL secured first position amid State Owned
Assalamu Alaikum Comercial Banks in the year 2012 and 2013. ABL’s easy
and instant online remittance distribution system has
Despite the global economic crisis in the past couple enabled to achieve this progress.
of years, Bangladesh demonstrated its resilience and
succeeded in maintaining the economic stability and Bank’s financial status reflected in the financial statement
soundness in banking business. Agrani Bank Limited is included in this Annual Report. Here you would see
continued its steady journey through the days of the year that we have registered growth in important areas of
2013 and anchored on a harmonious plinth. operation and tried to bring qualitative improvements in
our year-long activities. The year 2013 for us was indeed
At the advent, we would like to pay our homage to a year of challenge and we tried to grow in each and
our great martyrs who made supreme sacrifice for the every corner of our banking business. We have extended
independence of our Bangladesh, and tribute to our our business portfolio and enlisted many new customers
valiant freedom fighters who took up arms and fought by demonstrating our committed strengths in the
in our bloodstained war of liberation. Our martyrs and competitive market. During the year, our total deposits
fighters were inspired by the visionary leadership of was Tk. 34,868 which was Tk. 29,243 crore in 2012, loans
the father of the nation Bangabandhu Sheikh Mujibur and advances was Tk. 20,297 crore which was Tk. 21,266
Rahman who dedicated his life for a Bangladesh that crore in 2012, operating profit was Tk. 1,064 crore at the
will be free from hunger, poverty, exploitation, inequality end of 2013, the deposits increased by 19.24 percent,
and injustice. loans and advances decreased by 4.56 percent due to
We are thrilled and feel proud when we observe that at write-off classified loans and advances. Bank’s total assets
the outcome of visionary steps of the government, the have also increased to Tk. 44,416 crore from Tk. 37,872
economy of Bangladesh is uplifting. We are emerging crore which accounts for 17.28 percent increase in a year
day by day from a lower to a middle income country. time. Import and export was Tk. 15,947 crore and Tk.
This has become possible especially because of untiring 7,845 crore respectively. Remittance reached to Tk.12,657
efforts of our farmers, SME entrepreneurs and expatriate crore from 11,681 crore with 8.36 percent growth over
Bangladeshis. On behalf of ABL, we salute them all and the preceding year.
express our continuous commitment to support them at Like the preceding years, the market has been hard hit
all levels to our utmost. due to high cost of deposit and various constraints. To
ABL always recognizes agriculture as a potential sector remain afloat in the sea of competition, the journey of
business should be set in the right direction. As part of
and a major resource of our economic growth. To attain
keeping the continuous growth on right track, we are
food security of the country, ABL has been providing
trying to adapt our strategies to the changing business
credit facilities to the farmers at a lower rate of interest environment by launching different products at different
(currently at 8 percent) since 1977. A huge amount of times, controlling operating expenses, diversifying our
foreign currency is spent every year to import pulse, credit programs to more profitable areas, inventing new
oil-seeds, spices, maizes etc. In order to save foreign avenues in SME financing, manpower business, islamic
currency, the Government of Bangladesh encourages banking, green banking, expanding branches of exchange
our farmers to boost up the production of these crops by houses and establishing new subsidiary company as part
introducing rebate rate of interest at 4 percent interest of expanding business capacity of the Bank.
which is considered as the lowest rate of interest among
During the year 2013, we made significant progress
any credit facilities. in deposit mobilization and in other business areas.
SME is a thrust sector in our economy. Putting emphasis However, we are not complacent; rather we look
on it, ABL has formulated a set of regulations on SME forward to a much stronger ABL in 2014. We drew out
financing complying with the government as well as the strategies in the areas of capital strengthening,
Bangladesh Bank’s guidelines. ABL’s SME banking risk management, asset quality, product development,
holds a strong foothold in the market and offer several business diversification, technological integration and
specialized financial solutions for the entrepreneurs. As upgradation, SME and agri-financing in line with the
on December 2013, ABL disbursed Tk. 1,403.39 crore national policies.
to 15,081 beneficiaries. Besides, ABL has a subsidiary We would continue our all-out efforts towards recovery
company of its own named Agrani SME Financing of classified and written-off loans. All concerned have
Company Limited which is providing financial services to been advised to put in their sincere efforts to accelerate
the potential entrepreneurs. the pace of recovery. Special emphasis has been given
44
to check further classification of loans, settlement of providing training in our Agrani Bank Training Institute
pending suits for recovery on priority basis and to in Dhaka and other divisional cities. We have recruited
acquire lawful possession of the mortgaged property. a total of 644 personnel during 2013 which includes 152
Senior Officers and 492 Cash Officers.
From 2006 to 2012, ABL has been affirmed ‘AAA’ rating
in long term and ST-1 in the short term as a government We extend our helping hands to the distressed people
entity by the Credit Rating Information Services Limited with financial support for their treatment and for
(CRISL) which demonstrates strong financial soundness easing their crisis. ABL also contributes to knowledge-
and reputation of the Bank. based programs, sports and cultural activities through
donations and sponsorships. In CSR, we distributed Tk.
We are attentive to the development agenda of the 8.37 crore to 25,650 benificiaries. As part of CSR agenda,
government. As part of this commitment, ABL has its ABL morally looks to funding in environment-friendly
stake in power generation, fly-over project, health care projects.
and other infrastructure development programs. So,
we invest in such industries as have Effluent Treatment ABL is the second largest Bank of the country in respect
Plants (ETPs) and other environment friendly measures of branch network which is 905 at present. Our overseas
put in place. ABL also provides small loan on bio-gas banking network is also expanding. Our branch network
and solar power plants. in rural areas is aiding the government in enhancing
financial inclusion in the country by bringing unbanked
In the year 2011, a ‘Green Banking Unit’ was formed people under the coverage. A farmer can open an
under the Rural Credit Division. From 9th September account in the Bank by Tk. 10 only. Thus, a great segment
2013, the Unit has been upgraded into a seperate of the population, particularly the rural poor, has access
and independent division named as ‘Green Banking to banking services.
Division’. ABL is going ahead with a forward looking
green banking strategy and has already launched several We are always attentive to service excellence. Our
green banking products. strategy is to serve the customers at a competitive cost.
We are constantly overseeing to diversify our products
ABL dedicates itself to the cause of technology based and services and fine-tune them to the emerging needs
modern banking services to the customers and is of the market.
relentlessly trying to contribute to the process of
We are strengthening our supervision as it is the main
materializing Digital Bangladesh. Our involvement in
instrument for building and reinforcing of trust in banking.
IT is continuing to ensure efficiency of operation and to
In fact, banking is a long term business which is based on
improve customer services. In order to meet the growing
trust and, therefore, each of our staff-members is highly
expectations of our customers, online banking with Core
concerned to boost the trust of all of our stakeholders.
Banking Software T24 was introduced in our Bank from
And above all, ABL has the motto for breathing ethical
1st July 2010. Amongst the State Owned Commercial
banking in every sphere of business.
Banks, our Bank is pioneer in online banking. Now 200
important branches of the Bank covering all districts are I express my profound gratitude to the honorable
fully operating under online real time basis and it will Chairman and the members of the Board for their
remain increasing. Internet banking, mobile banking and bestowal of stewardship of ABL upon me. Continued
ATMs are included in the attempts of our online banking diligence of the Bank Management supported by the
system. ABL, in association with DOER, has already prudent guidance of the Chairman and the Members
started financial services to the unbanked and under of the Board have contributed much to the process of
banked citizens of rural Bangladesh through Agents or bringing such commendable achievement.
Customer Service Provider. The project would continue I assure you that we will run our banking business within
under the ‘Agent Banking Draft Guideline’ that has the set rules and regulations issued by the competent
recently been formulated by Bangladesh Bank. authority. For and on behalf of the management, I
As a financial intermediary, ABL invariably comes across would like to take the opportunity to convey my sincere
different types of risks that may have adverse impacts thanks and gratitude to the board, regulatory agencies,
on the business. In order to mitigate these risks, a Risk valued customers, patrons, other stakeholders and all
Management Committee of the Board is formed and a well- staff members of the bank for their continued support.
defined risk management policy is implemented in the Bank. Thanks are truly due to all customers who remained loyal
An independent division named ‘Core Risk Management and kept faith in us.
and Basel Implementation Division’ is established with the I hope and believe that in 2014, our activities will get
responsibility of updating the risk management policies further momentum to achieve our desired goal.
and monitoring implementation thereon.
Human resource is always considered as the most
important asset for any organization. We have a pool of
talented and skilled workforce. We also focus on their
career development by nominating them in training, Syed Abdul Hamid, PhD, FCA
seminar and workshop at home and abroad besides Managing Director & CEO

Shareholders’ Information
Distribution of Shares
Particulars
31 December 2013 31 December 2012
Government of Bangladesh 20,72,29,392 9,91,29,392
Directors 12 12
General Public - -
Total 20,72,29,404 9,91,29,404
Shares held by Directors
Closing
Sl. No. Particulars Status Share Change
Position
1 Khondoker Bazlul Hoque, PhD Chairman 1 1 0%
2 Arastoo Khan Director 1 1 0%
3 A.K. Gulam Kibria, FCA Director 1 1 0%
4 Engineer Md. Abdus Sabur Director 1 1 0%
5 K.M.N. Manjurul Hoque Lablu Director 1 1 0%
6 Niaz Rahim Director 1 1 0%
7 Advocate Balaram Podder Director 1 1 0%
8 Prof. Dr. Md. Abdur Rouf Sardar Director 1 1 0%
9 Shameem Ahsan Director 1 1 0%
10 Md. Altaf Hossain Molla Director 1 1 0%
11 A B M Kamarul Islam Director 1 1 0%
12 Hasina Newaaz Director 1 1 0%
Total 12 12
Dividend Distribution
i) 100 Percent stock dividend i.e. 1 bonus share for every 1 share for the year 2008.
ii) 10 Percent Stock dividend i.e. 1 bonus share for every 10 shares for the year 2009.
iii) 10 Percent Stock dividend i.e. 1 bonus share for every 10 shares for the year 2010.
iv) 10 Percent Stock dividend i.e. 1 bonus share for every 10 shares for the year 2011.
46
Annual General Meetings
The First Annual General Meeting of ABL

held on 14 August 2008
The Second Annual General Meeting of ABL

held on 17 August 2009
The Third Annual General Meeting of ABL

held on 29 April 2010

Annual General Meetings
The Fourth Annual General Meeting of ABL

held on 30 April 2011
The Fifth Annual General Meeting of ABL

held on 26 July 2012
The Sixth Annual General Meeting of ABL

held on 6 October 2013
48
Signing of Accounts 2013
Signing of Accounts 2013 of Agrani Bank Limited on 23rd April 2013
ABL Board Members and Management Team are seen in a photo session after Signing of Accounts of 2013

Financial Highlights
Taka in crore
Particulars 2013 2012 Change
Performance during the year
Interest revenue 2,394.73 2,389.48 0.22%
Interest cost 2,268.20 1,991.03 13.92%
Net interest margin 126.53 398.27 (68.23%)
Income from investment 1,114.00 804.41 38.48%
Other operating revenue 604.76 506.36 19.43%
Total operating revenue 1,845.29 1,709.04 7.97%
Salary & allowances 521.23 484.07 7.67%
Other operating cost 260.13 218.23 19.20%
Total operating cost 781.36 702.30 11.25%
Profit before amortization, provision and tax 1,063.93 1,006.74 5.68%
Amortization ( valuation adjustment) 132.95 132.95 -
Provision for loans and advances - 2,488.80 (100%)
Other provision 241.69 249.26 (3.04%)
Profit before tax 689.29 (1,864.27) 136.97
Provision for tax (215.60) (2.21) 9,655.65%
Net profit after tax 904.89 (1,862.06) 148.60%
At the end of the year

Paid up capital 2,072.29 991.29 109.05%
Total shareholders equity 3,564.09 716.35 397.53%
Deposits 34,867.52 29,242.92 19.24%
Total contingent liabilities and commitments 11,381.76 11,241.87 1.24%
Loans and advances 20,296.54 21,266.30 (4.56%)
Amount of classified loans 3,579.93 5,380.13 (33.46%)
Provision kept against classified loans 1687.15 3,212.03 (47.47%)
Investments 14,992.86 9,241.98 62.23%
Interest earning assets 21,185.01 19,927.09 6.31%
Non interest earning assets 23,230.65 17,944.55 29.45%
Fixed assets 1,524.80 1,138.07 33.98%
Total assets 44,415.66 37,871.64 17.28%
50
Key Ratios
Sl.
Particulars 2013 2012
No.
Profitability and performance ratios
1 Net profit ratio 22.00% (50.32%)
2 Cost to income ratio 74.15% 72.78%
3 Return on assets 2.04% (4.92%)
4 Return on Equity (after amortization, provision & tax) 25.39% (259.94%)
5 Non-interest expenses to total assets 1.76% 1.85%
6 Non-interest income to total assets 3.86% 3.46%
7 Interest margin to total assets 0.28% 1.05%
8 Earnings per share (Taka) 91.28 (187.84)
9 Net asset value per share (Taka) 172 72
10 Cost of fund 10.41% 9.97%
11 Return on investment 7.43% 8.70%
Liquidity and solvency ratios
1 Current ratio 2.21 1.60
2 Debt to total assets ratio 0.92 0.98
3 Loans & advances to deposit ratio 58.21% 72.72%
4 Loans & advances to total assets ratio 45.70% 56.15%
5 Provision to total loans & advances 9.35% 16.20%
Dividend ratios
Stock dividend - -
Capital adequacy ratios
Capital adequacy ratio 10.04% (6.15%)
i. Tier I Capital 5.67% (6.15%)
ii.Tier II Capital 4.37% -
Note:
1. Since ABL is not a listed company, its market price per share is not available. So, P/E ratio of the Bank could not
be provided.
2. Last year’s figures rearranged wherever necessary.

Graphical Presentation of
Key Financial Information
Crore Taka Overdrafts

Current and other
D
Deposits 605 Bills
B Purchased &
Bills Payable 9.90 Discount
1.39 532
Deposit Loans &

Fixed Deposit Advances
Cash Credit
Savings Bank Mix of Loans
2013 (%) 61.39 Matrix 4,358
Deposits 14,802
2013
27.32
Advance Deposit Ratio (%) Total Classified Loans (%)
80 30
79.13
70
76.95
25
73.51
72.72
25.30
60 20
50
58.21
19.42
15
17.93
40
10
30
12.88
11.07
20 10
10 5
0 0
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Net Classified Loans to Net Loans (%) Constituent of Assets 2013 Crore Taka
25000
10
20000
8
20296.54
8.40
15000
6
4,082.97
14,992.86
6.81
1,524.80
3,518.49
10000
4
4.79
4.69
5000
3.44
2
0
0 ts s s s
en set set set ces
2009 2010 2011 2012 2013 tm As r As d As d van
ves Fix
e d
Ot
h e u i A
In Liq an s&
Lo
52
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Fixed Assets Growth Crore Taka
2000
1500
1,524.80
1000
1,123
1,138
288
500
544
0
2009 2010 2011 2012 2013
Capital Growth Crore Taka
4000
3500
3,564
3000
2500
2,594
2000
1500 1,572
1000
717
500
0
Growth of Advance 2013 (%)
10
8
8.56
6
4
2
0 Growth of Deposits 2013 (%)
National
-4.56
-2
-4
20
-6 Agrani
15
15.99
19.24
10
0
National Agrani
54
Capital Adequacy
Capital adequacy symbolizes the financial strength and stability of a bank. It limits the ceiling up to which banks can
expand their business in terms of risk-weighted assets. Like all commercial institutions, banks too consistently look at
the way of expanding their operations by acquiring property, plant and equipment and shifting of branches to better
commercial areas, in addition to mobilizing deposits, providing loans and investing in other assets.
Regulatory capital requirements are therefore necessary to prevent banks from expanding beyond their ability to
manage (overtrading), to improve the quality of bank’s assets, to leverage their growth and to lead to higher earnings
on assets. The Bank keeps a careful check on its adequacy ratio which is evident from the following:
Capital Adequacy as per BASEL-II

Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-II) Taka in Crore
A. Eligible Capital : 2013 2012
1. Tier-1 (Core Capital ) 1,212.35 (1,319.54)
2. Tier-2 (Supplementary Capital) 932.97 0.00
3. Tier-3 (eligible for market risk only) -
4. Total Eligible Capital (1+2+3) : 2,145.32 (1,319.54)
B. Total Risk Weighted Assets (RWA): 21,369.85 21,455.30
C. Capital Adequacy Ratio (CAR) (A4 / B)*100 10.04% (6.15%)
D. Core Capital to RWA (A1 / B)*100 5.67% (6.15%)
E. Supplementary Capital to RWA (A2 / B)*100 4.37% 0.00%
F. Minimum Capital Requirement (10% of RWA) 2,136.99 2,145.53
G. Capital Surplus / (Shortfall) 8.33 (3,465.07)
Eligible Capital
Tier-1 (Core Capital)
Fully Paid-up Capital 2,072.29 991.29
Statutory Reserve 551.84 413.98
General Reserve 0.50 0.50
Retained Earnings (224.93) (1,454.35)
Sub-Total: 2,399.70 (48.58)
Deductions:
Valuation Adjustment (Intangible assets) 531.89 664.84
Investments in Subsidiaries which are not consolidated - 130.77
Benefit of Deferred Tax Assets 655.46 475.35
Total Eligible Tier-1 Capital 1,212.35 (1,319.54)
Tier-2 (Supplementary Capital)
General Provision (UC + SMA + Off B/S exposure+ 3% Consumer
349.41 366.47
Finance)
Assets Revaluation Reserves up to 50% 553.52 376.60
Revaluation Reserve for Approved Securities up to 50% 28.68 5.86
Revaluation Reserve for Equity Instrument up to 10% 1.36 -
Other(Balance of Exchange Equalization A/C) - 2.63
Sub-Total 932.97 751.56
Deductions: Investments in Subsidiaries which are not consolidated - 130.77
Total Eligible Tier-2 Capital 932.97 620.79
Tier-3 Supplementary Capital -
Total Supplementary (Tier 2+ Tier 3) Capital 932.97 0.00
Total Eligible Capital (Tier 1+ Tier 2+ Tier 3) Capital 2,145.32 (1,319.54)

Value Added Statement
The value added statement for the Bank shows the values created and distributed among different stakeholders of
the Bank. Value added by the Bank stood at Tk. 1326 crore as of 31 December 2013 against Tk. -1,311.00 crore as
of 31 December 2012.
2013 2012
Value Addition Taka in crore In percent Taka in crore In percent
a. Income from Banking Service 4,113 - 3,700 -
b. Less: Cost of Services & Supplies 2,487 - 2,173 -
c. Value added by the Banking Services (a-b) 1,626 - 1,527 -
d. Add: Non-Banking income - - -
e. Less: Amortization, Loan Loss Provision and Other 300 - 2,828 -

Provisions except Incentive Bonus
Value added ( c+d-e) 1,326 - (1,311) -
Distribution of Value addition
To Employees as Salaries, Allowances and Bonus 606 45% 527 40%
To Govt. as Income Tax - 158 12%
To Statutory Reserve 138 10% - -
Retained Profit 767 58% (1,862) (142%)
Depreciation 31 3% 26 2%
Deferred Tax (216) (16%) (160) (12%)
Total 1,326 100% (1,311) (100%)
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56
Economic Impact Report
The Bank’s overall objective is to deliver optimum value to our depositors, employees, shareholders and our business
strategy is to gear towards achieving this. This section covers the value we deliver to our shareholders and the nation
at large.
The Bank’s policy has been to deliver best possible value in a manner that is consistent with the highest level of
fairness and transparency. For the Bank, it has not been a case of building financial value and increasing profit at any
cost, but rather participating in a process of creating value through fair and ethical means. Building sustainable value
of all stakeholders is an important goal of the Bank.
Maintaining capital adequacy
Capital adequacy symbolizes the financial strength and stability of a bank. It limits the extent up to which a bank can
expand its business in terms of risk-weighted assets. Like all commercial institutions, banks too constantly look at ways
of expanding their operations by acquiring property, plant & equipment, opening branches, in addition to mobilizing
loans and investing in other income generating assets.
Regulatory capital requirements are, therefore, necessary to prevent banks from expanding beyond their ability to
manage (over-trading), to improve the quality of bank’s assets, to control the ability of bank’s leverage to their growth
and to lead to higher earnings on assets, leading to peace of mind of all the stakeholders. The Bank keeps a careful
check on its capital adequacy ratio.
Maintaining liquidity
The liquidity policy of the Bank has always been to carry a positive mismatch in the interest earning assets and interest
bearing liabilities in the 1 to 30 days category. ABL’s liquidity remained at optimum level during the year. The liquid
assets ratio stood at 43 percent (required 19 percent of total demand & time deposits) in December 2013.
Payment of dividends
The dividend policy of the Bank has always been to pay a decent dividend to its shareholders while plugging back
sufficient profits to fund growth and capital adequacy requirements. As a result of this prudent dividend policy, the
Bank has been able to build up its shareholders’ fund base to satisfactory level.
Market share
As on 31st December 2013, the Bank holds 4.26 percent of the total loans and advances, 6 percent of deposit balance,
5.96 percent of import and 3.46 percent of export of all banks of Bangladesh. Foreign remittance is 11.76 percent of
total national remittance figure.
Figure in Crore
Items of Business National Figure ABL Figure Market Share
Deposits 581,095.40 34,867.52 6.00%
Loans & Advances 476,151.20 20,296.54 4.26%
Import 267,384.06 15,947.38 5.96%
Export 226,386.10 7,845.15 3.46%
Remittance 107,554.91 12,657.30 11.76%

Products and Services
• Industrial Credit (IC)

• Housing Loan (General & Commercial)
• Consumer Credit
1. Deposit • Loan for Overseas Employment
• Weavers’ Credit
a) Taka Account
• Current Deposit (CD) c) Rural & Agro Credit
• Savings Deposit (SB)
• Fixed Deposit (FDR) • Crop Loan
• Special Notice Time Deposit (SNTD) • Fishery Loan

• Non-Resident Special Taka Account (NRTA) • Animal Husbandry Loan
• Non-Resident Investors Taka Account (NRIT) • Agri Machinary Loan
• Agrani Bank Pension Scheme (APS) • Rural Transport Loan
• Agrani Bank Bishesh Shanchay Scheme (ABS) • Swanirvar Loan
• Agrani Double Benefit Scheme (ADBS) • Poverty Alleviation Loan
• Monthly Deposit Scheme (MDS)
• Monthly Income Scheme (MIS) d) Small and Medium Enterprise Loan
• Students Savings A/C (School Banking)
• Small Life Insurance Policy Holders A/C • Service Sector Loan
• Farmers A/C • Trading Sector Loan
• Manufacturing Sector Loan
• Freedom Fighters A/C
• Other Beneficiaries A/C under Social Securities
e) Import Finance
Program
b) Foreign Currency Account • Loan Against Imported Merchandise (LIM)

• Loan Against Trust Receipt (LTR)
• Foreign Currency (FC) A/C • Payment Against Document (PAD)
• Non-Resident Foreign Currency Deposit
(NFCD) A/C f) Export Finance
• Resident Foreign Currency Deposit (RFCD) A/C
• Exporters Retention Quota (ERQ) A/C • Export Cash Credit
• Packing Credit (PC)
2. Loans & Advances • Local / Foreign Bills Purchased (FBP)
• Loan Against Export Development Fund (EDF)
a) Continuous Loan • Advance Against Cash Incentive (Subsidy,
Assistance)
• Cash Credit (Hypo)
• Cash Credit (Pledge) 3. Treasury
• Secured Overdraft (SOD)
a) Money Market
b) Term Loan
• Maintaining CRR and SLR

• Inland Bill Purchase (IBP)
• Call Money Transaction
• Export Cash Credit
• Term Placement (FDR)
58
• Treasury Bills • Issuance of Draft, TT
• Treasury Bonds • Collection of Draft, Cheque, TC
• Secondary Trading of Govt. Securities
• Opening of Student File, Medical File
• Repo
7. Cash Service
• Reverse Repo
• Custodian Services
• ATM Service
• Other Investments • Cheque Encashment
• Foreign Currency
b) Foreign Exchange Market
8. Fund Transfer
• Selling Foreign Currency for Import Payment
• Inter-Branch Money Transfer
• Buying Foreign Currency against Export
• SWIFT
Proceeds • Telegraphic Transfer (TT)
• Fixation of Exchange Rate • Issuing Foreign Draft
• Foreign Currency Buying and Selling • Encashing Foreign Draft
• Bangladesh Electronic Fund Transfer Network
• SWAP Transactions
(BEFTN)
• Forward Transaction • Bangladesh Automated Clearing House
• Term Placement (BACH)
• Online Deposit to Accounts
4. Letter of Credit
9. Value Added Service
• Letter of Credit - Sight
• Locker Service
• Letter of Credit - Usance
• Utility Bill Collection
• Back to Back L/C
10. Merchant Banking Service

5. Letter of Guarantee
• Issue Management
• Advance Payment Guarantee
• Underwriting
• Bid Bond
• Portfolio Management
• Performance Guarantee
• Shipping Guarantee 11. Islamic Banking Service
• Guarantee - Others
• Standby Credit a) Deposit
6. Other Foreign Exchange Service • Al Wadiah Current A/C

• Mudaraba Savings A/C
• Documentary Bill Collection • Mudaraba STD A/C
• Mudaraba Term Deposit
• Advanced Payment for Import & Export
• Mudaraba Special Scheme Deposit
• Foreign Remittance (Incoming & Outgoing)
• Foreign Currency Endorsement against b) Investment
Passport

60
• Bai Murabaha (Pledge)
• Bai Muazzal (Hypo)
• Higher purchase Shirkatul Meilk
• Bai Salam
Risk Management

measures are taken. Bangladesh Bank, as a regulatory
body, has prescribed format to reflect Bank’s total
Risk Management scenario. ABL complies with the directives & submit it to
concerned department of Bangladesh Bank.
Risk is defined as probability or threat of damage,
injury, liability, loss, or other negative occurrences that Risk Management Process
are caused by external or internal vulnerabilities and
that may be neutralized through preemptive action. In line with BASEL-II accord, ABL considers six core risks
So, for every large institution like banking, it is a must and some other risks as residual risks. All the risks are
to manage risk for its better sustainability. ABL is one of tried to mitigate and compensate with charged capital.
the largest SCBs in the country and it has 2 subsidiary The line management awareness can protect the Bank
companies at home and abroad. It has a large exposure from risky events. ABL has developed a risk appetite
of assets and liabilities shown on balance sheet and other framework considering its stakeholders aspirations and
related accounting papers. So the prime objective of its its total exposures of balance sheet and off-balance sheet
management is to safeguard its assets and comply with components. Sometimes the borrowers are unwilling to
the obligations or liabilities from any arising risk during pay back money they borrowed. So, necessary steps are
its operation. Many types of risks may arise in banking taken prior to risky events. These risks can be measured
and NBFIs sectors which are discussed and hedged as financially in line with international standard. Capital is
follows: sized for every probable risk. ABL takes well-calculated
business risks to safeguard its assets and profitability as
1. Credit Risk per the adopted guidelines of Bangladesh Bank. The
2. Asset-Liability Management Risk board of directors is the highest authority to approve
3. Money Laundering Risk the policies and process submitted by the management.
After approval, the management implements it through
4. Foreign Exchange Risk
different divisions of head office and branches in field
5. ICC Risk
level. ABL has (i) Board Audit Committee (ii) Board
6. ICT Risk
Risk Management Committee, (iii) Board Executive
Committee, iv) Credit Committee (CRECOM), (v) Asset-
Strategy of Risk Management
Liability Management Committee (ALCOM) and vi)
Management Committee (MANCOM) to monitor and
Risk is inherent in every business. Today’s global and
review activities relating to risks and development.
dynamic business entities are facing various dimensions
in the field of risks. Before introducing a new product or
Credit Risk Management
extension of existing products, it is inseparable to use
tools to mitigate future risks. Considering various types Credit Risk arises from non-compliance of commitment
of risks ABL has adopted strong and integrated risk of the counterparty or the borrower of the Bank. This risk
management strategies in line with its regulatory bodies’ may arise from the ill motive of the borrower or from the
directives and Bangladesh Government’s policies. ABL is downgrading of business environment. Whatever it may
a state-owned entity. So it has a direct accountability to be, bank should have to deal with it prudently. Taking
the mass people. ABL also tries its best to comply with this into consideration, ABL has adopted a credit policy
the commitment by: manual following Bangladesh Bank’s guidelines and its
• Protecting bank’s capital own internal scenario. The objectives of the credit policy
• Growth of business guidelines include the following events:
• Risk adjusted performance measurement i) Risk assessment
• Consistency of earnings ii) Risk monitoring
• Quality and transparency of management iii) Risk mitigation
ABL has an independent division named ‘Core Risk

Credit Risk Assessment
Management & Basel-II Implementation Division. This Credit Risks in ABL are assessed both in qualitative and
Division collects data from other divisions in monthly, quantitative aspects.
quarterly, half yearly or yearly. Then findings of the
segments are discussed in monthly meeting of the i) Qualitative aspects: It includes clients’ quality and
Division chaired by the CEO& MD of the Bank. If any market approach of the products of the industries.
deviation or deterioration is found, immediate corrective ABL considers its customers verifying their financial
62
interaction, social position, adaptation to changing taking required insurance policy must be
market scenario. considered as deviation.
ii) Quantitative aspects: It includes such portion
of risks that can be measured numerically and
g) Syndicated loans: Syndicated loans are
financially.These risks are hedged and managed
assessed independently by ABL. If it’s quality,
with the following tools and mechanisms:
returns and risks are not acceptable, ABL
does not depend only on lead arranger’s
a) Proper documentation: To select a project
report.
for loan, proper documentation is a key way
to protect the credit from future risky event. h) Adherence to policy: To offer a new credit
The authenticity of all received documents or to extend an existing credit, ABL always
are examined through proper authority. Any adheres to all policy adapted in line with
flaw in documentation will lead the Bank to national financial policy and directives of
a negative mode to the client. regulatory bodies
b) KYC: To get proper identity of the party, a Monitoring

prescribed form is supplied to fill in. Any Loan portfolio of ABL is closely monitored. Information
discrimination in verification is considered from branch is collected through different levels like
as risky point. zonal office, circle office and concerned divisions of
head office. Directives are given accordingly so that the
c) Collateral: Collateral offered is the main tool standard loans may not be downgraded. The Recovery
to mitigate future credit risk. So, collateral and NPA Management Division monitors classified
offered against credit facility is properly loans under the direct supervision of respective
valued and verified by the concerned General Manager. The division presents it to the line
officer/manager and revalued and re- management and to the apex body of the Bank. ABL has
verified by the enlisted surveyor of the Bank. a system of tracking the loan account which is under risks
If found satisfactory in terms of economic or potential weaknesses of a material nature and which
consideration and easily transferable in requires monitoring, supervision and close attention of
Bank’s favor, then collateral is acceptable. the management. Early identification, prompt reporting
and proactive measure can protect loans from being
d) Accountability: The proposal is initiated downgraded or negative shifting.
through branch Manager and credit officer
are delegated to perform first investigation. Mitigation
The next higher authority ( as per delegated In ABL a thorough assessment of risk is done before
power) verifies investigation report and granting or extending credit and a plan in this regard is
line management approves the proposal worked out. The Bank has segregated duties among the
following banks own as well as regulatory officers and executives involved in credit related activities.
body’s policies. Thus liabilities and The total team works accordingly. ABL has a system of
accountabilities are distributed among all tracking risky and potentially weak loan accounts. Bank
concerned personnels. has dedicated teams to monitor and supervise them.
Respective assigned person promptly reports to the
e) Credit requirement: Credit requirement for delegated authority to take measure so that the loan
a project is assessed prudently. Over liquidity may not be downgraded or hindered the assets portfolio
will provoke the borrower to divert money
of the Bank. To co-ordinate with higher management
to unproductive area and fund shortage will
and field level, Recovery Division is assigned to monitor
lead the project to be sick one. So, correct
and report the NPLs status. This division chalks out plans
assessment of credit requirement is a very
important tool to mitigate risky events. to recover classified loans including write-off loans. It
reviews progress quarterly and reports to the higher
f) Insurance coverage: To address future risk management. The Bank determines the forced sale value
on collateral, adequate insurance coverage (FSV) of collaterals held against credits. Collaterals are
is ascertained. Customers’ desire for not segregated into (i) Financial and (ii) Physical collateral.

The objective of credit risk management is to bring back • Regulatory guidelines
lended money safely and strengthen the Bank as well as • Capital planning
national economy. ABL has a contingency plan to reduce unexpected or
Asset-Liability Risk Management unusual situations which could lead to market disruption.
ABL manage the liquidity structure of its assets, liabilities
Asset-Liability Management (ALM) or Liquidity Risk and commitments so that cash flows are appropriately
Management can be termed as a risk management balanced and all funding obligations are met when is
technique designed to earn an adequate return while appropriate.
maintaining a comfortable surplus of assets over liabilities.
Liquidity risk is the potential for loss to a bank arising from Money Laundering Risk Management
either its inability to meet its obligations as they fall due Money laundering is any act or attempted act to conceal
or to found without incurring unacceptable cost or losses. or disguise the identity of illegally obtained proceeds
On the other hand, excess liquidity costs to profitability. so that they appear to have originated from legitimate
So, ALM is a tool that ensures that decision making, risk
sources. Illegally obtained funds are laundered and
taking and performance measurement are consistent with
moved around the globe using and abusing shell
the corporate objectives set by senior management.
companies, intermediaries and money transmitters. In this
way, the illegal funds remain hidden and are integrated
A Committee named Asset-Liability Committee
into legal business and into the legal economy as well.
(ALCO) headed by MD & CEO and comprising senior
Bangladesh Bank through BRPD Circular No 17, dated
management of the Bank has been formed to make October 07, 2003 advised the scheduled commercial
important decisions related to interest rate, market banks operating in the country to put in place effective
scenario, maturity gap analysis and re-pricing of products risk management system which includes among others,
thereby taking effective measures to monitor and control Money Laundering Risk Management, since money
adverse liquidity position. laundering is a criminal act recognized all over the world
triggering severe consequences in the economy, security
Agrani Bank Limited conducts regular ALCO meeting at and in the society. Anti-Money Laundering initiatives of
least once in a month to analyze, review and formulate ABL are not only for meeting compliance requirements
strategy to manage the asset and liability of the bank. but also act as catalyst in escalating Bank’s business as
Besides regular meeting, ABL also arranged special well as reputation. In an effort to guard against money
ALCO meeting as and when required. In every ALCO laundering and terrorism financing transactions through
meeting the key points of the discussion are enclosed banking channel, ABL has been carrying out following
in minutes and the action points are highlighted to activities:
strengthen the balance sheet position.
i) Money Laundering Prevention Act (MLPA):
ABL has strengthened its efforts as per
Liquidity risk is often triggered by the consequences of
Bangladesh Bank directives and various
other financial risks such as credit risk, interest rate risk,
circulars and guidance notes, complying
foreign exchange risk etc. Asset-Liability Management
with the Money Laundering prevention Act
(ALM) desk of the treasury function being primarily
(MLPA) 2009, Anti-Terrorism Act (ATA) 2009 and
responsible for management of liquidity risk , closely
subsequent promulgated repealing MLPA 2012
monitors and controls liquidity requirements on a daily
and amended Anti–Terrorism Act (ATA) 2012
basis by appropriate coordination of funding activities.
and 2013.
Treasury determines the adequacy of the liquidity
position by doing analysis based on following factors:
ii) KYC system: ABL has been maintaining
a unique KYC system under the following
• Historical funding requirements
elements:
• Current liquidity position
• Anticipated loan disbursement
a) Customer acceptance policy: ABL has a
• Anticipated future funding needs
clear customer acceptance policy with explicit
• Present and anticipated asset quality
criteria to ensure that customer/entity is using
• Present and anticipated earnings capacity
their real name and not involved in terrorism or
• Sources of funds
other illegal activities.
• Socio-economic perspective of present and the
near future
64
b) Customer identification procedure: ABL has ABL is committed to combating against money
a unique customer identification procedure laundering through exchanging data, supporting
such as a new customer must be verified by a operations in the field, and bringing together experts
bonafide customer. Concerned bank officer also from the variety of concerned sectors. We also work
justifies his/her objective before establishing closely with other organizations to foster national
relationship with the Bank. awareness against money laundering.
c) Monitoring of transactions: To reduce Foreign Exchange Risk Management

risk, effective KYC procedure is maintained
for continuous monitoring of our customer Foreign exchange risk is the potential changes in earnings
transaction and their normal behavior. arising due to exchange rate fluctuations, adverse
exchange position or changes in the market price.
d) Risk management: ABL maintains internal Such risk may arise from position held in various foreign
audit and compliance functions to reduce exchange products like spot, forward and options.
money laundering risk. Foreign exchange risk management is fundamental for
safe and sound management of all institution having
iii) Cash transaction report (CTR): ABL sends Cash exposure to foreign currencies.
Transaction Report (CTR) to the Bangladesh
Bank in every month for the customers’ As per directives of central bank, ABL formulated a well
depositing or withdrawing cash above Tk 1.00 defined policies and manual with a view to minimize the
million in any day from any of its branches. foreign exchange risk. Bank also developed different
strategies to control foreign exchange risk by setting
iv) Suspicious transaction report (STR): ABL also limits on net open position by currencies, overall gross
reports to the Bangladesh Bank on suspicious limit for forward transaction , maximum loss limits per
transaction as and when it is identified.
deal and per day , counterparty limit etc. Market scenario
of risk is monitored and measured by Treasury Division
v) Transaction profile (TP): In TP every customer
to manage the foreign exchange operations in such a
must specify the types, probable frequency and
way that earnings are not hampered against any adverse
amount of transactions of his account.
movement of market price.
vi) Data update: Once validated, profiles are
periodically updated as soon as there is a The function of treasury Front Office , Mid Office and
change; whether it’s a change of address or the Back Office are segregated. Mid Office and Back Office
addition of a new relationship/information to are conducting operations in a separate location apart
the profile. from Treasury Front Office. ABL’s Treasury Front Office
i.e. Treasury Division manages and controls day-to-day
vii) Guideline: ABL has its own policy guidelines on trading activities under the supervision of Managing
money laundering prevention and combating Director and CEO and suggestion or instruction
the financing in terrorism approved by the of ALCO that ensures continuous monitoring of the
Board. level of assumed risk .Treasury Mid Office verifies deal
and monitors limit. Back Office is responsible for deal
viii) Training: Regular training is being given to the confirmation ,settlement of transaction , transferring
employees to update their knowledge and to fund to Nostro account ,timely recording and reporting
make them aware of their responsibilities in of information on exchange transactions and currency
combating money laundering and terrorism transfer etc . Reporting lines of these three offices are
financing risk on the bank’s part. separate and independent to ensure minimization of risk.
ix) CAMLCO and BAMLCO: ABL has its CAMLCO The ABL’s FOREX risk is minimal as foreign exchange
and BAMLCO to ensure regular monitoring, trading exposures are principally derived from customer
compliance and accountability both at driven transactions. At the end of the month all foreign
Head Office and at Branch level in line with exchange transactions are revalued at mark-to-market
Bangladesh Bank’s instruction. method as per guidelines of the central bank. As of
December 2013, ABL maintained 40 Nostro Accounts

to conduct FOREX operation in different currencies. 1. Audit & Inspection Division-1
All the Nostro Accounts are reconciled fortnightly and 2. Audit & Inspection Division-2
outstanding entries are reviewed by the management 3. Audit Monitoring Division
for settlement. 4. Audit Compliance Division
The Bank has an accounting procedure and management (Internal Audit Compliance)
information system to measure and monitor foreign 5. Audit Compliance Division
exchange position, foreign exchange gains or losses and (External Audit Compliance):
foreign exchange risks. Besides, these are independently
inspected and audited. ABL has been implementing ‘Risk Based Internal Audit
(RBIA)’ through core risk factors in the daily activities of
Internal Control and Compliance Risk Management the bank to assess the business risk as well as control risk
associated with the branches. The Audit & Inspection
Effective internal control and compliance system, Divisions prepare a risk based audit plan for every
efficient corporate governance, transparency and year. The audit plan is approved by the Board Audit
accountability are very important for the banking sector Committee. In 2013, Audit and Inspection Division
worldwide. Internal control system identifies the risk in conducted 555 comprehensive audits (388 branches, 27
the process, adopts mitigation measures and ensures corporate branches, 13 AD branches, 32 Zonal offices
compliance thereof. Current or prospective compliance and 13 Divisions and 82 others). After completion of
risk to earnings and capital arises from violation or non- inspection, Audit & Inspection Divisions submit reports to
compliance with laws, rules, regulations, agreements, ICC. At the end of the year, ICC places a summary report
prescribed practices or ethical standards, as well as to the Board Audit Committee and Managing Director
from the incorrect interpretation of laws and regulations. & CEO for information and necessary suggestions. The
Proper internal control system integrates compliance Audit Committee evaluates the irregularities, fraud
risk management into overall risk management process. and forgeries and important deviations detected by
auditors on quarterly basis. In 2013 four meetings of
Internal control and compliance is a management Audit Committee were held in which various audit
process designed to achieve: and inspection reports, appropriateness of ICC, policy
guidelines were reviewed, updated and approved for
• Effective system of control proper functioning of ICC.
• Effectiveness and efficiency of operations
• Reliability of financial reporting Monitoring is the Bank’s own oversight of the control
• Compliance with applicable laws and system performance. Effectiveness of the Bank’s internal
regulations control should be monitored on an ongoing basis. Key
• Safeguard of assets or high risk items should be identified and monitored as
the part of daily activities. In addition, there should be
Internal control consists of five interrelated periodic evaluation. The Monitoring Division ensures its
components, which are: internal control process through review of Departmental
Control Check List (DCFCL), Loan Documentation
i) Control environment Check List (LDCL), Quarterly Operation Report (QOR) of
ii) Risk assessment branches and other mechanism. If notable deviations are
iii) Control activities found, they have to report before head of ICC for taking
iv) Information and communication necessary actions to mitigate the risk.
v) Monitoring
The operational performance of the Bank is dependent The Compliance Divisions of ICC maintain strong liaison
on efficient and sound internal control system. With with the regulators at all levels and ensure all guidelines
this end in view, ABL has restructured its ICC activities received from regulatory authority are properly
as per MOU signed with Bangladesh Bank. Accordingly disseminated among the relevant divisions.
in September, 2013 ICC Manual was reviewed, updated
and approved by the Board of Directors, where ICC is Information and Communication Technology (ICT)
headed by a General Manager. He has to place report on Risk Management
ICC directly to MD & CEO and Audit Committee of the
Board of Directors. ICC of ABL consists of five divisions Information technology has become an important factor
for its effective operation. These divisions are mentioned in the development of the financial services industry,
below: especially the banking industry. Banking technology
66
refers to the use of sophisticated information and conducting training sessions on sensitive IT
communication technologies (ICT) together with tasks & i.e. operational procedure, security
computer science to enable banks to offer better services procedures, steps to be taken in case of any
to its customers in a secure, reliable and affordable contingency etc. for relevant employees.
manner and sustain competitive advantage over other iv) The Bank has been maintaining physical security
banks. This evolution had transformed the way of the like data center access control, environmental
Banks as they deliver their services using technologies security, Server room access for its workplace
such as automated teller machines, phones, the Internet, to properly protect ICT resources as per the
credit cards and electronic cash. These developments Physical Security Guideline under Tier-1 of ICT
in information and communication technology have guideline of Bangladesh Bank.
significantly contributed to the exponential growth and
v) ABL is strictly following the Information Security
profits of banks worldwide.
Standard of Bangladesh Bank which covers
Password Control, User ID Maintenance, Input
ICT risk is the business risk associated with the use,
Control, Network Security, Data Encryption,
ownership, operation, involvement, influence and
Virus Protection and Access Control to Internet
adoption of IT within an organization. The organization’s and Emailing.
ICT is influenced by internal and external risks
vi) The Bank has developed an iternational
surrounding Information Technology such as security
standard disaster recovery site equipped with
breach, theft, error, hack, network failure, lack of skills,
compatible hardware and telecommunication
virus attack, natural or environmental disasters and poor equipment to support the critical services of the
system integration which have the potential to result in business operation in the event of a disaster so
serious financial and reputation damage. ICT security that the customer services are not hampered.
management must ensure that the ICT functions are
efficiently and effectively managed. The Bank should be Other Risks
aware of its capabilities to manage and handle ICT and
be able to appreciate and recognize opportunities and In addition, the Bank also manages the risk, taking
the risk of possible abuses. ICT Security Management into consideration the reputation risk, liquidity risk,
deals with ICT Security Policy Documentation, Internal operational risk, market risk, credit concentration risk,
Information System Audit, Training and Insurance. Failure interest rate risk, settlement risk, environmental and
to incorporate these elements in ICT management climate risk, residual risk and equity price risk which are
may create inconsistency in recovering from incidents. described below:
Therefore, these elements can create an effective
integrated view of ICT and organizational resources. a) Reputation Risk
Reputation risk arises from negative publicity about

ABL is aware of the method of ICT Risk Management which the Bank is always alert.
and has already taken some initiatives in this connection
for protecting the information from unauthorized access, b) Liquidity Risk
modification, disclosure and destruction to protect
customers’ interest. Initiatives taken by ABL for ICT risk The Bank is capable of managing the liquidity risk to
management are: ensure that all foreseeable funding commitments and
deposits withdrawals can be met when due.
i) The Bank has already developed its own
ICT policies highlighting requirements and c) Operational Risk
responsibilities for protecting information
The Bank ensures quick and proper management
and information system in line with the ICT
of operational risk which may arise from fraud, error,
guidelines of Bangladesh Bank.
omission, unauthorized activities, inefficiency, system
ii) ABL has upgraded its data centre with high- failure from external events.
end servers and networking equipments to
accommodate growing business transactions d) Market Risk
with adequate security.
iii) Training is a key component of ICT Risk The market risk which may derive from loss of earnings due
Management. The Bank has been continuously to change in the interest rate, foreign exchange rate etc.

e) Credit Concentration Risk (deals) and capital market dealings are a mix of credit
and liquidity risk. The Bank poses to this risk when it
Credit concentration risk may arise from credit exposures fulfills its contractual obligations (payment or delivery),
in the same economic or geographic sector and/or but the counterparty fails or defaults to do the same.
credit concentration in dependent industries which
the Bank addresses through proper evaluation. Credit h) Environmental and Climate Change Risk
Concentration of ABL is used in a broader sense and
Environmental and climate change risk refers to the
includes the following:
uncertainty or probability of losses that originates from
i) Concentration by economic purpose (sector), any adverse environmental or climate change events
(natural or man made) and/or the non-compliance of
ii) Concentration by size of Loan Accounts/ in the
the prevailing national environmental regulations. It can
name of a single borrower, hamper the business stability of the borrowers in respect
iii) Concentration by a legally connected group of to both- profitability and reputation. To avoid this risk
borrowers, bank takes cautionary initiatives before the disbursement
of loan.
iv) Concentration by region (geographical),
v) Concentration by portfolio type (granularity)
i) Residual Risk
f) Interest Rate Risk It refers to the risk arising from the collateral taken and
other forms of shielding against credit risks. These risks
Interest rate risk is the current or potential risk to earnings comprise legal, documentation, value of collateral,
and capital arising from adverse movements in interest. insurance risk etc. For example, inability to seize collateral
This is in respect of the banking book only from pillar 2 at the opportune moment, guarantor refusing his
(SRP) contexts. Significantly reduced earnings can pose a obligation or ineffectiveness of untested documentation
threat to capital adequacy. After volatility of earnings the might turn to potential non-performance of these assets.
ABL is aware of residual risk and takes legal or practical
Bank tries to overcome interest rate risk.
steps for its management.
g) Settlement Risk
j) Equity Price Risk
Settlement risk arises when an executed transaction
Equity risk is defined as losses due to change in market
is not settled as the standard settlement system.
price of the equity held. To measure and identify the
Settlement risk addresses to the credit risk and liquidity risk, mark-to-market valuation of the share investment
risk elements. Treasury transactions, trading book items portfolios is done by the Bank.
68
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Disclosure Under Basel II

Disclosure Under Basel-II
Qualitative and Quantitative Disclosures
Under Pillar-III of Risk Based Capital Adequacy
as of 31st December 2013
Banks of Bangladesh are maintaining capital since 1996 on the basis of Risk Weighted Assets in line with the BASEL
Committee on Banking Supervision (BCBS) capital framework published in 1988. To cope with the International best
practices and to make the banks capital more risk sensitive as well as more shock resilient, Bangladesh Bank issued
Guidelines for Risk Based Capital Adequacy for Banks (Revised Regulatory Framework in line with BASEL-II) that came
into effect from January 2010.
These disclosures under pillar III of BASEL II are made following revised Guidelines on Risk Based Capital Adequacy
(RBCA) for Banks issued vide BRPD circular No. 20, dated December 29, 2009. These Quantitative and Qualitative
disclosures are intended to the complement of Minimum Capital Requirement ( MCR) under pillar-I and Supervisory
Review Process (SRP) under Pillar-II of BASEL II. ABL has formed a Supervisory Review Process (SRP) team to arrange
the dialogue with the Supervisory Review Evaluation Process (SREP) team of Bangladsh Bank for measuring the
adequate capital requirement.
The Basel II principle stands on the following three pillars:
Pillar-I : Minimum Capital Requirement (MCR)
Minimum Capital Requirement (MCR) is to be maintained by the banks to deal with credit, market and operational risk
as a regulatory requirement.
Pillar-II: Supervisory Review Process (SRP)
The key principle of SRP is that banks have a process for assessing overall capital adequacy in relation to their risk
profile and a strategy for maintaining their capital at an adequate level. The assessment of adequate capital would be
the outcome of the dialogue between the banks’ SRP and Bangladesh Bank’s SREP team..
Pillar-III: Market Discipline
The purpose of Market Discipline in the Revised Capital Adequacy Framework is to meet the minimum capital
requirement and the supervisory review process. The aim of introducing Market Discipline in the revised capital
framework is to establish more transparent and more disciplined financial market so that stakeholders can assess the
position of a bank regarding holding of assets and to identify the risks relating to the assets and capital adequacy to
meet probable loss of assets.
The guidelines have been devised to make the regulatory requirements more appropriate and also to assist the banks
to follow the instructions more efficiently for smooth implementation of the Basel II framework in the banking sector.
The major highlights of the Bangladesh Bank’s regulations in this regard are:
a) To maintain capital adequacy ratio (CAR) at a minimum of 10 percent of Risk Weighted Assets (RWA).
b) To adopt the Standardized Approach for credit risk .
c) To adopt Standardized (Rule Based) Approach for market risk.
d) To adopt Basic Indicator Approach for operational risk.
e) To submit the returns to Bangladesh Bank on a quarterly basis.
70
Disclosure Framework
The following detailed qualitative and quantitative disclosures of the Bank are furnished to provide our stakeholders
with consistent and understandable disclosure framework to assess the Bank’s position regarding holding of assets
and to identify the risks relating to the assets and capital adequacy to meet probable loss of assets as on December
31, 2013 in line with Bangladesh Bank’s Risk Based Capital Adequacy (RBCA) guideline.
1. Scope of application
Qualitative Disclosures
a) The name of the top corporate entity in the group to which this guideline applies is Agrani Bank Limited.
b) An outline of differences on the basis of consolidation for accounting and regulatory purposes, with a brief
description of the entities within the group:
1) That is fully consolidated.

ABL’s Minimum Capital Requirement (MCR) has been arrived at both on Solo & Consolidated Basis.
2) The following items are given a deduction treatment.

a) Remaining value of Valuation Adjustment
b) Benefit of Deferred Tax Assets
Following are the six subsidiary companies of Agrani Bank Limited.
i) Agrani Equity & Investment Limited

Agrani Bank Limited is the parent company of Agrani Equity & Investment Ltd. which was established to
perform merchant banking activities in Bangladesh.
Date of incorporation : 16 March 2010

Date of Commencement : 16 March 2010
Authorized Capital : Tk. 500,00,00,000
Paid up Capital : Tk. 200,00,00,000
Ownership Interest in Capital : Tk. 200,00,00,000 (100%)
ii) Agrani SME Financing Company Limited

Agrani Bank Limited is the parent company of Agrani SME Financing Company Limited which is established to
perform retail banking activities in Bangladesh.
Date of incorporation : 27 October 2010

Date of Commencement : 27 October 2010
Authorized Capital : Tk. 500,00,00,000
Paid up Capital : Tk. 50,00,00,000
Ownership Interest in Capital : Tk. 50,00,00,000 (100%)
iii) Agrani Exchange House Private Limited, Singapore

Agrani Bank Limited is the parent company of Agrani Exchange House Private Limited, Singapore which was
established to perform activities as a remittance house.

Date of incorporation : 4 January 2002
Date of Commencement : 2 August 2002
Authorized Capital : SGD 2,00,000
Paid up Capital : SGD 2,00,000
Ownership Interest in Capital : SGD 2,00,000 (100%)

iv) Agrani Remittance House SDN, BHD, Malaysia
Agrani Bank Limited is the parent company of Agrani Remittance House SDN, BHD, Malaysia which was
Date of incorporation : 18 August 2005
Date of Commencement : 13 January 2006
Authorized Capital : MYR 10,00,000
Paid up Capital : MYR 10,00,000
Ownership Interest in Capital : MYR 10,00,000 (100%)
v) Agrani Exchange Co. ( Australia) Pty. Limited
Agrani Bank Limited is the parent company of Agrani Exchange Co. (Australia) Pty. Limited which was
Date of incorporation : 19 December 2011
Date of Commencement : -
Authorized Capital : AUD 5,80,000
Paid up Capital : AUD 1,61,900
Ownership Interest in Capital : AUD 1,61,900 (100% owned by Agrani Bank Limited)
vi) Agrani Remittance House Canada, Inc.
Agrani Bank Limited is the parent company of Agrani Remittance House Canada, Inc. which is established to
perform activities as a remittance house.
Date of incorporation : 11July 2012
Date of Commencement : -
Authorized Capital : CAD 4,50,000

Paid up Capita : CAD 1,00,000
Ownership Interest in Capital : CAD 1,00,000 (100% owned by Agrani Bank Limited)
3) That is neither Solo nor deducted (e.g. where the investment is risk- weighted).
The accounts of the ABL’s above mentioned subsidiary companies have been consolidated. However, the
investment in these subsidiaries have not been deducted from the capital of ABL.
a) Any restrictions or other major impediments on transfer of funds or regulatory capital within the group.
Yes, there are.
b) Quantitative Disclosures
Since the Capital requirement of ABL has come both on Solo & Consolidated basis, such capital requirement
of the above discused subsidiaries has not been assessed:
72
2. Capital Structure
a) As per the RBCA Guidelines each bank has to maintain CAR on Consolidated basis or solo basis as per instructions
given by Bangladesh Bank from time to time. The minimum CAR for the year ended December 31, 2013 was 10
percent. The regulatory capital under Basel-II is composed of (i) Core Capital (Tier-1), (ii) Supplementary Capital (Tier-
2) and (iii) Additional Supplementary Capital (Tier-3) which is only for market risk.
Tier-1 Capital comprises of paid up Capital, Statutory Reserve, General Reserve and Retained Earnings.
Tier-2 Capital consists of General Provision, Asset Revaluation Reserve and Revaluation Reserve for Securities and
Equity Instruments.
Quantitative Disclosures (Taka in crore)
b) The amount of Tier-1 capital, with separate disclosure is Solo Consolidated
Particulars
(A)
Paid up capital 2072.29 2072.29
Non-repayable share premium account 0.00 0.00
Statutory reserve 551.84 553.18
General reserve 0.50 5.97
Retained earnings (224.93) (251.80)
Minority interest in subsidiaries 0.00 0.00
Non-cumulative irredeemable preference shares 0.00 0.00
Dividend equalization account 0.00 0.00
Others (if any item approved by BB) 0.00 0.00
Sub-Total (A) 2399.70 2379.64
(B)
Amount of Tier-2 Capital 932.97 936.88
Amount of Tier-3 Capital - -
c) Sub total amount of Tier-2 and Tier-3 capital (B) 932.97 936.88
d) Deductions from Tier-1 & Tier-2 capital. 1187.35 1187.35
e) Total eligible capital (A+B) 2145.32 2129.17
3. Capital Adequacy
a) Assessment of Capital Adequacy is carried out in conjunction with the Capital Adequacy reporting to Bangladesh
Bank and the approaches were pursued to calculate Minimum Capital Requirement are (1) Credit Risk- Standardized
Approach (SA), (2) Market Risk-Standardized (Rule Based) Approach and (3) Operational Risk -Basic Indicator Approach
(BIA).

Quantitative Disclosures (Taka in crore)
Solo Consolidated
b) Capital requirement for Credit Risk 1,611.39 1560.36
c) Capital requirement for Market Risk 234.82 234.82
d) Capital requirement for Operational Risk 290.77 293.94

e) Total and Tier- 1 capital ratio 1.00 : .57 1.00: .56
• For the consolidated group and Yes
• For stand alone Yes
4. Credit Risk
a) Credit risk is described as potential loss arising from the failure of counter party to meet its contractual obligations
to the Bank. The Bank is exposed to credit risk from its dealing with or lending to corporate, individuals, and other
banks or financial institutions. As regards capital charge for Credit Risk, all assets in Banking Book have been risk-
weighted strictly based on pre-specified weight determined by Bangladesh Bank as per RBCA guidelines. However,
the Bank has conducted proper mapping with the grading of Bangladesh Bank for those exposures or claims graded
by External Credit Assessment Institution (ECAI).
• Definitions of past due and impaired (for accounting purposes).
Definition of Past due and impaired credit: The Bank follows Bangladesh Bank circulars and guidelines related to
classification and provisioning to define past due and impairment. Following table summarizes the objective criteria for
loan classification and provisioning as stipulated by the central bank vide BRPD circular No. 14, dated 23 September 2012:
Loan classification
Type of SMA Sub standard Doubtful Bad & Loss
credit facility
Overdue Provision Overdue Provision Overdue Provision Overdue Provision
period (%) period (%) period (%) period (%)
Continuous 60 days 3 months or 6 months 9 months
Loan or more 5% more but less 20% or more but 50% or more 100%
than 6 months less than
9 months
Demand 60 days 3 months or 6 months 9 months
Loan or more 5% more but less 20% or more but 50% or more 100%
than 6 months less than
9 months
Fixed Term 60 days 3 months or 6 months 9 months
Loan more or more 5% more but less 20% or more but 50% or more 100%
than Tk.10 lac than 6 months less than
9 months
Fixed Term 60 days 6 months or 9 months 12 months
Loan up to or more 5% more but less 20% or more but 50% or more 100%
Tk.10 lac than 9 months less than
12 months
Short Term 90 days 12 months 36 months 60 months
Agriculture & or more 5% or more but 20% or more but 50% or more 100%
Micro credit less than 36 less than
months 60 months
• Description of approaches followed for specific and general allowances and statistical methods.
• The Bank has been following Standardized Approach for assessing the requirement of Capital charge against
Credit Risk. The methodology used for this approach is to rate the exposures by the External Credit Assessment
Institution ( ECAI).
74
• Discussion on the bank’s credit risk management policy:
• The Bank has a well structured delegation of credit approving authority for ensuring good governance and
better control in credit approval system.
Considering the key elements of credit risk, the Bank has established Credit Risk Management framework in line
with the Bank’s Credit Risk Management (CRM) policy guideline and the Credit Risk Grading (CRG) system. This
framework defines CRM structure, role, responsibilities and the processes to identify, quantify, and manage risk
under the given policy. The CRM policy is reviewed from time to time for adopting of new techniques, policies
for measuring and managing of risks in line with the socio-economic scenario and investment environment of
the country.
ABL’s credit policy is based on the customers’ need for their business and security, earning capacity of borrower, the
repayment capability of the business, and the value of collateral.
The Credit policy of the Bank is focused on the economic goal of the country and policies adopted by the Government. It
strives towards the materialization of the Government policies leading to overall economic development of the country.
Bank’s Loan Review Policy stresses the need to give special attention to problem loans and to initiate appropriate
action to protect the Bank’s interest on a timely basis.
ABL strictly adheres to the regulatory policies; rules etc. as regard to credit management and is in compliance with
regulatory requirements as stipulated by Bangladesh Bank from time to time.
The objective of credit risk management is to minimize the different dimension of risks associated with credit exposures
and to keep credit risk profile of the Bank within a tolerable range.
Quantitative Disclosures
b) Total (gross) Credit Risk Exposure broken down by major types of credit exposure is given below:
(Taka in crore)
Solo Consolidated
Funded 36,219.22 35,626.66
Non Funded 2,251.31 2,251.31
Total 38,470.51 37,877.97

c) Geographical distribution of exposures, broken down to significant areas by major types of credit exposure.
Balance sheet exposure (Taka in crore)
Region Urban Rural Total

Dhaka Region 11803.24 226.17 12029.41
Chittagong Region 2180.93 36.71 2217.64
Khulna Region 755.43 336.76 1092.19
Rajshahi Region 783.90 375.75 1159.65
Barisal Region 633.36 264.10 897.46
Sylhet Region 217.72 82.32 300.04
Rangpur Region 570.60 289.63 860.23
Mymensingh Region 409.84 259.98 669.82
Comilla Region 410.35 173.18 583.53
Faridpur Region 400.17 86.40 486.57
Sub Total 18,165.54 2131.00 20296.54

Off-Balance sheet exposure
Region (Taka in crore)
Dhaka Region 10563.84
Chittagong Region 356.10
Khulna Region 95.91
Rajshahi Region 89.59
Barisal Region 110.80
Sylhet Region 91.62
Rangpur Region 17.65
Mymensingh Region 9.66
Comilla Region 34.87
Faridpur Region 11.72
Total 11,381.76
d) Industry or counterparty type distribution of exposures, broken down by major types of credit exposure.
Funded (Taka in crore)
Agriculture & Fishery 972.07
Jute & Jute Goods 758.18
Transport, Storage & Communication 174.27
Ship Breaking 115.72
Textile & Readymade Garments 1947.77
Food & Allied Industry 550.84
Construction & Engineering 175.75
Pharmaceuticals & Chemicals 345.42
Leather Sector 380.86
Power Sector 1119.90
Professional & Services 236.95
Housing 638.20
Wholesale/ Retail Trading 2,833.58
Personal (Staff & other personal Loan) 2,128.84
Others 7,918.19
Total 20296.54

e) Residual Contractual maturity breakdown of the whole portfolio by major types of credit exposure.
Total (Taka in crore)

Repayable on Demand 437.96
Not more than 3 months 2239.63
More than 3 months but not more than 1 year 7114.22
More than 1 year but not more than 5 years 3696.94
More than 5 years 6807.79
Total 20296.54
76
f) By major industry or counterparty type:
• Amount of impaired loans and if available, past due loans, provided separately: TK 2,305.66 crore
• Specific Provisions : TK. 1,687.15 crore
• General provisions : TK. 211.56 crore
• Charges for specific allowances and charge-offs during the period : Not Applicable
g) Gross Non Performing Assets (NPAs) : TK. 3579.93 crore.
Non Performing Assets (NPAs) to Outstanding Loans & Advances: 0.18 : 1.00
Movement of Non Performing Assets (NPAs): Taka in crore
Opening balance 5380.13
Additions 838.71
Reductions (2638.91)
Closing balance 3579.93
Movement of specific provisions for NPAs:

Taka in crore
Opening balance 3212.03
Provisions made during the period -
Recoveries of amount previously Written-off 60.89
Provision add back during the year -
Transfer to Profit & Loss A/C (444.53)
Less: Written-off (1141.24)
Closing balance 1687.15
5. Equities: Disclosures for Banking Book Positions
a) The general qualitative disclosure requirement with respect to equity risk, including:
• Differentiation between holdings on which capital gains are expected and those taken under other objectives
including for relationship and strategic reasons ; ABL has considerable investment in equity shares of various companies
and mutual funds and has active participation in the secondary market. Board, Executive and Investment committee
oversee the management of investment portfolio and its associated risk to which the Bank may be exposed. In the
investment process, ABL strictly follows the internal policies and procedures put into place in this respect. ABL also
holds unquoted equities intent of which is not trading and the same are shown as banking book asset in the balance
sheet. As these securities are not quoted or traded in the bourses, they are shown in the balance sheet at cost price
and no revaluation reserve has been created against these equities.
The equity markets are traditionally volatile with a high risk, high- returns profile. In an uncertain market place like the
present, investors cannot afford to place all hope in only one product. Therefore, it is very important to protect the
total investment value by means of diversification.

• Equity holdings in the banking book are recorded in the books of accounts at cost price.
a) Value of investments disclosed in the balance sheet, as well as the fair value of those investments; for quoted
securities, a comparison to publicly quoted share values where the share price is materially different from
fair value.
Provisions are kept against publicly quoted shares where the share price is materially different from fair value
which is negative. However, no unrealized gain from publicly quoted share is accounted for. Only realized
gain is accounted for in case of publicly quoted shares.
c) The cumulative realized gains (losses) arising from sales and liquidations in the reporting period.
d) • Total unrealized gains (losses)
• Total latent revaluation gains (losses)
• Any amounts of the above included in Tier-2 capital.
e) Capital requirements broken down by appropriate equity groupings, consistent with the banks methodology,
as well as the aggregate amounts and the type of equity investments subject to any supervisory provisions
regarding regulatory capital requirements. TK. 122.94 crore (Investment in unquoted share Tk. 983.51 Crore ×
1.25 Risk weight × 10% Capital requirement) has been assessed against unquoted equity holdings and shown
in MCR.
6. Interest rate risk in the banking book (IRRBB)
a) The general qualitative disclosure requirement including the nature of IRRBB and key assumptions, including
loan pre-payments and behavior of non-maturity deposits, and frequency of IRRBB measurement.
Interest rate risk in the banking book arises from mismatches between the future yield of assets and their
funding costs. Interest rate risk is the potential that the value of the on- balance sheet and the off-balance
sheet positions of the Bank would be negatively affected with the change in the interest rates. Changes
in interest rates also affect the underlying value of the Bank’s assets, liabilities and off-balance sheet
instruments because the economic value of future cash flow changes when interest rate changes. Asset
Liability Committee (ALCO) monitors the interest rate movement on a regular basis.
ABL measures the Interest Rate Risk by calculating duration gap i.e. positive duration gap which affects bank’s
profitability adversely with the increase of interest rate and negative duration gap which increases the Bank’s
profitability with the going down of interest rate.
ABL discusses the interest rate issue in its ALCOM meeting on monthly basis. In addition, ABL assesses the interest
rate risk using simple duration analysis as per the formula given by Bangladesh Bank in its guidelines on stress testing.
For change in interest rates, currently, ABL is more risk sensible for its Assets comparable to its Liabilities.
The Bank is on a continuous process of re-structuring in its assets and liabilities to make a balance between them and
to bring the situation back in its favor incase of any change in interest rate.
b) The increase (decline) in earnings or economic value (or relevant measure taken by the management) for
upward and downward rate shocks according to management’s method for measuring IRRBB, broken down
by currency (as relevant).
78
The Bank has been using ‘Stress Testing’ based on guidelines published by Bangladesh Bank to determine the
following:
1) Impact on earnings and
2) Impact on Capital requirements.
7. Market Risk
(a) Views of the Board of Directors (BOD) on trading/investment activities.
Market risk is the possibility of losing assets in balance sheet and off-balance sheet positions arising out of volatility in
market variables i.e. interest rate, exchange rate and price. The BOD of the Bank views the ‘Market Risk’ as the risk to
the bank’s earnings and capital due to changes in the market level of interest rates of securities, foreign exchange and
equities as well as the volatilities of those changes. Market Risk Management provides a comprehensive and dynamic
framework for measuring, monitoring and managing interest rate, foreign exchange as well as equity, commodity
price risk of a bank that needs to be closely integrated with the Bank’s business strategy.
Methods used to measure market risk:
The Bank uses the standardized (Rule Based) approach to calculate market risk for trading book exposures.
Market Risk Management system:
Decision taken in the monthly meeting of Core Risk Management and ALCOM is an important tool for managing
market risk. ALCOM is in place in the Bank to administer the system.
Policies and processes for mitigating market risk:
The only mitigation tool that the Bank uses is the ‘Marking to Market’ for mitigating market risk. Besides, a set risk/
loss tolerance level is in place to mitigate market risk.
(b) The capital requirement is for: (Taka in crore)
Interest rate risk 88.69
Equity risk 133.69
WForeign exchange risk 12.44
Commodity risk 0.00
8. Operational risk
(a) Views of BOD on system to reduce Operational Risk
The Board of Directors of the Bank considers, Operational Risk as the risk of loss arising from inadequate or failed
internal processes, people, systems, external causes, fraud, unauthorized activities, error, omission, inefficiency,
systems failure or external events. Audit Committee of the Board directly oversees the activities of internal control
and compliances aiming to check all types of lapses and irregularities inherent in operational activities of the Bank
and thereby may create a notable downfall risk for the Bank.

Performance gap of executives and staffs:
Performance goals are most often attained by executives and staffs with a few exception .
Potential external events:
ABL, as a state owned commercial bank, is exposed to ‘directed loans’ as the major external event.
Policies and processes for mitigating operational risk:
ABL manages this risk through a chain based processes which are documented, authorized and independent.
Transactions, events etc. that are taking place at the operational level monitored and reported.
If deviations are found, corrective actions are taken to bring the deviation back into the track.
An MIS is in place and is used to identify record and to assess any kind of operational risk and to generate appropriate
regular management reporting.
Since inefficiency is one of the root causes of operational risk, the Bank trains its operational staffs on regular basis to
make them more effective and efficient for mitigating operational risks. Operational Risk Management Framework has
been designed to provide a sound and well-controlled operational environment and thereby mitigate the degree of
operational risk.
Approach for calculating capital charge for operational risk:

The Bank uses the Basic Indicator Approach to calculate the capital requirement of its operational risk.
(b) Capital Requirements for operational risk Tk. in crore
Particulars Solo Consolidated
Capital requirements 290.77 293.94
80
Corporate Social Responsibility

Corporate Social Responsibility
The role of business, in worldwide and especially in the developing countries, has evolved over the last few decades
from classical ‘profit maximizing’ approach to a ‘social responsible’ approach. There are many reasons for shifting
the role of business from classical concept to a social responsible approach. Enterprises create wealth and job
opportunities for the society and on the other hand, they pollute and destroy environment and ecology with the
devastating impact on human health and bio-diversity worldwide. The concept of social responsibility of a company is
recent phenomenon but many observers agree that the globalization has spurred its growth and prominence.
Primarily Corporate Social Responsibility (CSR) starts with the consideration of social implications by any corporate
body which is ultimately reflected through its initiatives towards betterment of the disadvantaged peoples of a
society. As such in broadly defining, CSR refers to the voluntary role of business towards building a better society and
cleaner environment beyond its financial commitments and regulatory obligations. Considering importance of CSR,
Bangladesh Bank since June 2008 has officially started encouraging towards mainstreaming CSR in banks and financial
institutions of Bangladesh. As a stakeholder of the society, Agrani Bank Limited is keen to augment CSR activities
gradually in the days to come.
Finance Minister AMA Muhit, MP is distributing blankets of ABL among cold stricken people
Agrani Bank Limited passionately believes that a better society is fundamental precondition for a better business
environment. Nevertheless, CSR is viewed as one of the core corporate values of the Bank. In its millennium summit held
at the UN Head Quarters, New York, USA in 2000; the United Nations set eight goals popularly known as Millennium
Development Goals (MDGs), such as: i) eradicate extreme poverty and hunger, ii) achieve universal primary education,
iii) promote gender equality & empower women, iv) reduce child mortality, v) improve maternal health, vi) combat HIV/
AIDS, Malaria and other diseases, vii) ensure environmental sustainability and viii) develop a global partnership for
development. Bangladesh is one of the signatories to achieve those goals by 2015. As such, ABL has aligned her CSR
activities partially with those goals.
82
Agrani Bank Limited is committed to contribute towards social development through its CSR program. ABL’s ethical
standard is not only meant for maximising profit, rather it’s vision is to build up a society where human dignity and
rights receive the highest consideration and evaluation. Bank’s motto is also to improve the society and its culture by
means of CSR.
Education
Like the previous years, ABL has donated a good amount to various educational institutions. In the year, the Bank
donated Tk. 143.31 lac to 66 beneficiaries. These helps were extended for renovation or construction of building/
class rooms of different schools, colleges, universities, libraries etc.; giving stipend to the poor meritorious students;
sponsoring various seminars, conferences, convocations, alumni, anniversaries, drama festivals, competitions, training
programs; observing important national days etc. With a view to providing a smooth interface between student life
and professional life, ABL offers internship facility to the BBA and MBA passed students of different universities. The
interns were granted the opportunities to groom with us in a truly professional, dynamic and challenging corporate
environment.
Dr. SM Nazmul Islam, FF, Secretary, Ministry of Agriculture is seen in an inaugural function oranized by ABL
for distributing tree plants to the earnest farmers
Health Care
Access to healthcare facilities is one of the fundamental rights of every human being. However, most of our people,
especially the underprivileged group has little or no access to health care facilities. However, ABL is committed to
assist those poor people, who have no way to secure basic treatment. During the year 2013, the Bank has given
financial assistance from its CSR fund a sum of Tk. 154.04 lac to 139 beneficiaries to ease their miseries.
Disaster Relief
ABL’s lending policies with regard to environmental management are responsive to emergency support needs of
population groups affected by natural and man made disasters. During the year 2013, the Bank has spent Tk. 262.15
lac for the donation of 25,364 blankets to the cold stricken poor people of the country in the districts of Rangpur,
Dinajpur, Thakurgaon, Gaibandha, Kurrigram, Panchagarh, Mymenshingh, Pabna, Sylhet and in the Dhaka city as well.

Concern for the Environment
In the year 2013, the Bank contributed 3.00 lac to –‘Make Rajshahi Green Project’; 10.00 lac to Hatirjheel Project, 60.00 lac
for distribution of seedlings and 5.50 lac for tree plantation & exhibition.Total value was 80.50 lac against 5 beneficiaries.
Today our planet is exposed to a severe environmental catastrophe than ever before. ABL’s corporate social responsibility
contributes generously to the development of Green Banking. Protection and thus nourishing the environment is part
of ABL’s investment principle. Environmental issues are taken into account while the Bank is assessing credit proposal
for the industrial projects. As a humble effort to reduce environmental pollution, the Bank is financing CNG refueling
stations. Besides, most of office vehicles of the Bank have already been converted to CNG fueling system.
Chairman of ABL, Professor Khondoker Bazlul Hoque, handing over the keys of ABL donated two microbuses
to the Vice Chancellor of Dhaka University
Sports
In the year 2013, the Bank has donated TK. 76.90 lac to 6 beneficiaries of different football and hockey clubs and
tournaments for the promotion of games and sports. ABL has its own football team that has been participating in
the national football league relentlessly since independence. In several times the team defeated renowned clubs of
the country like Mohammedan, Abahone, Brothers Union etc. The Bank has also a cricket team of its own that has
been participating in the First Division Cricket League since independence. The team frequently succeeds to keep
its ranking position from three to five in the league. A good number of cricketers and footballers are playing in the
national and international levels who were once member of ABL sports team.
Arts and Culture

Again Bank Limited is always committed to enriching Bengali heritage, art, culture and literature. During the year
2013, the Bank contributed Tk.39.06 lac to 15 programs and purposes relating to different cultural affairs. From
2011 onward, ABL is sponsoring children book fair at the Bangladesh Shishu Academy premises. In the year 2013,
seven eminent writers were awarded Agrani Bank Children Literary Award; a prestigious literary award of the country
introduced by ABL since 1981 and is being offering every year.
Customers and Wellwishers

ABL feels proud to provide services to the valued costomers without any hidden cost. The Bank serves to customers
84
as a business partner. The Bank sincerely strives to improve business relationship with the customers for common
benefit. By optimising financial performance at the least cost the Bank protects the interest of customers. The Bank is
maintaining a good relationship with the peer business friends for mutual growth and development. The relationship
with our business partners is based on reciprocal trust and respect. We transact with them in a fair and transparent way.
Poverty Alleviation
It is globally accepted that the Non-Government Organizations (NGOs) have been performing a laudable role in
poverty alleviation across the world, especially in Bangladesh. With a view to widening the access to finance to
the poor and ultra poor community, ABL has been financing NGOs since 1997 at privileged rates of interest. ABL
financed NGOs are of various categories and capacities. Such activities also contributed to generation of income and
employment as well.
ABL Chairman handing over the key of a donated bus to the Vice Chancellor of Jagannath University
Promotion of Crop Production

To attain food security of the country, ABL has been in a unique position to providing credit facilities to the farmers at
a lower rate of interest (currently at 8 percent) since 1977. A huge amount of foreign currency is spent in every year to
import pulse, oil-seeds, ginger, spices, maize etc. In order to save foreign currency, the Government of Bangladesh
encourages our farmers to boost up the production of above crops by introducing rebate rate of interest at 4 percent
which is considered as the lowest rate of interest among any credit facilities.
Promotion of Entrepreneurship
The Bank envisaged fostering entrepreneurship amongst the potential, new and small entrepreneurs and generating
employment through financing Small and Medium Enterprises. Keeping the aim in mind, ABL does not only run after
the so called blue chips towards profit maximize of the Bank. Rather, it always remains stick to the triple bottom line:
People, Planet & Profit and focused to the promotion of SMEs. In this way, a lot of entrepreneurs have grown with us
through which employment opportunities are created for a huge number of people.
Women Empowerment
As half of our population is woman, a sustainable national progress can’t be attained if women are left aside.

Chairman, Managing Director and others of ABL is seen with the champion team of
24th Agrani Bank National Youth Hockey Tournament 2013
Therefore, they should progressively be brought to the mainstream of our development activities. Considering this
reality the bank through its ‘Nari Agrani’ program has been mobilizing credit facilities in industry, service and business
sector to the potential women entrepreneurs at a reduced rate of 10 percent interest. ABL’s program for the woman
entrepreneurs will gain due momentum in the days to come.
Awareness Building
Generation of awareness is a very useful tool to combat social evils, like drug addiction, smoking, pollution, terrorism,
population etc. For this purpose, the Bank has continued support to different social organizations who displayed
banner, festoon, sticker, display board and use such other communication channels for discouraging drug, smoking,
pollution, population growth etc. The Bank continued such awareness building activities in the year 2013.
Category-wise CSR activities of the Bank in 2013 are as follows:

Taka in Lac
Sl. No Nature of Work Beneficiaries Amount
01 Education 66 143.31
02 Health Care 139 154.04 GFWECVKQP QVJGTU
03 Disaster Relief 25, 364 262.15 CTVUEWNVWTG
04 Environment 05 80.50 %54
JGCNVJECTG CEVKXKVKGU URQTVU
05 Sports 06 76.90
06 Arts & Culture 15 39.06
FKUCUVGTTGNKGH GPXKTQPOGPV
07 Others 55 81.19
Total 25,650 837.15
Other CSR Activities

Agrani Bank Limited is always attentive to attain more and more good corporate attributes. So, apart from the
exposures mentioned above, ABL’s CSR disclosure includes multi-faceted social activities. ABL has also been indirectly
contributing to CSR activities. In the year 2013, ABL disbursed Tk. 31.45 crore in spices loans i.e. pulses, oil seed,
ginger, maize etc. at the rate of 4 percent interest and Tk. 788.89 crore in crops loans at the rate of 8 percent interest.
If the two loans were counted at the rate of 10 percent interest, then it is observed that, the Bank conceded a loss of
Tk. 1.89 crore and Tk. 17.67 crore respectively which may be treated as CSR otherwise.
86
Green Banking

Green Banking
Global warming is an issue that calls for a global response. The rapid change in climate will be too great to allow many
eco-systems to suitably adapt, since the change have direct impact on bio-diversity, agriculture, forestry, dry land,
water resources and human health. Society demands that business which also takes responsibility in safeguarding
the planet. In this circumstance, the banks have come forward with an eco-friendly financing program. Eco-friendly
activities related with banking jobs are known as ‘Green Banking’. Green Banks or environmentally responsible banks
not only improve their own business but also reflect socially responsible behavior of their other banking activities. A
Green Bank is also called an ethical bank, a socially responsible bank or a sustainable bank.
Broadly, green banking comprises five pillars. First one is related to the ‘Green Vision’ of a bank. It is the basic
principle. Practically, activities and operations of banks cannot completely discard environmental harm. Second and
third pillars are connected with banks in-house operations and with financing. These are connected with banks’ green
efforts to minimize environmental risks and save scarce resources. Fourth pillar is concerned with supporting and co-
operating other stakeholders. The growing environmental concern has brought about a new era of communication
and cooperation between the businesses, banks and the NGOs worldwide.
Green banking is a component of global initiatives by a group of stakeholders to save environment. ‘Conserving
Environment’ through operation and financing is at the center of the green banking activities of a bank. An increasing
number of banks around the world are going green by offering innovative green products, saving resources and
supporting the activities that help to protect environment. Environmental finance is a part of both ‘Environmental
Economics’ and the conservation movement. Environmental economics is also called ‘Ecological Economics’. It is the
proper use of various financial instruments to protect bio-diversity. Green finance, as a part of green banking, makes
a great contribution to the transaction of resource-efficient and low carbon industries i.e., green industries and green
economy in general.
Some banks of the USA and the EU are among the frontrunners that have joined together to protect environment.
Banks in these countries are encouraged to follow various guidelines and they work with environmental NGOs to
improve social and environmental conditions. Several big banks have sustainable policies and commitment to climate
change, carbon mitigation, bio-diversity, land conservation and internal use of resources. Moreover, energy and water
efficiency and waste reduction are of high concern for many big banks.
The condition of environment of Bangladesh is rapidly deteriorating. The key areas of environmental degradation
cover air pollution, water pollution and scarcity, encroachment of rivers, improper disposal of industrial, medical and
house-hold waste, deforestation, loss of open space and loss of bio-diversity. In addition, Bangladesh is one of the
most climate change vulnerable countries. Here, banks hold a unique position in an economic system that can affect
production, business and other economic activities through their financing program.
Bangladesh Bank has been helping government in implementing the provisions of key environmental regulations
related to the financial sector. From time to time Bangladesh Bank has been issuing environment related circulars and
guidelines. Especially, their circular on ‘Policy Guidelines for Green Banking’ in 2011 is a remarkable step on the way
to developing green banking practices in the financial sector of Bangladesh. A separate guideline on ‘Environmental
Risk Management’ by Bangladesh Bank is also in place. In addition, Bangladesh Bank has introduced refinancing
schemes and a few incentive measures to encourage banks to undertake green activities.
Formation of Green Banking Division in ABL
Agrani Bank Limited started its green banking activities in the year 2011 by forming a ‘Green Banking Unit’ under its
Rural Credit Division. From 9th September 2013, it has been upgraded into a separate and independent division named
as ‘Green Banking Division’. As a good corporate citizen, ABL is upholding environmentally responsible practices
through designing its CSR (Corporate Social Responsibility) activities into green banking practices. The Bank has
already launched several green financial products to facilitate an eco-friendly financial atmosphere in the country. ABL
is going ahead with a forward looking green banking strategy. As per Bangladesh Bank’s policy guidelines for green
banking, ABL has already taken necessary steps to implement the 1st phase and the 2nd phase within December 2014.
Implementation of the 3rd phase within June 2015 is also in progress. The Division has taken the following effective
measures in order to carry out green banking activities as per Bangladesh Bank’s guidelines.
a) Green Banking Committee
With a view to executing the program, a Green Banking Committee has been formed comprising nine divisions of
head office. These divisions are: Rural Credit Division, Industrial Credit Division, SME Credit Division, Card Division,
88
Credit Policy and Credit Risk Management Division, Central Accounts Division, Information Technology and MIS
Division, Planning Coordination and Marketing Division, HR Training Research and Development Division.
b) In-house green banking
All the branches of ABL have now internet connectivity which enable the Bank to avail easy use of BACPS (Bangladesh
Automated Cheque Processing System), BACH (Bangladesh Automated Clearing House) & BEFTN (Bangladesh
Electronic Fund Transfer Network). Online banking is an important element of green banking strategy of ABL which
has been in function in the Bank from 1st July 2010 with a number of 200 fully online branches till date.
c) Set up of green branch
As a pilot project, Amin Court Corporate branch of Dhaka has been selected for converting it into a green branch.
Gradually all the branches of ABL will come under green branch. Three branches of maize development project in
the districts of Dinajpur, Bogra, and Thakurgaon have been surveyed for the purpose of converting them into green
branches.
d) Climate risk fund
A climate risk fund of Tk. 4.00 crore has been created to assist two types of projects, one is to assist projects which
might be affected due to natural calamities and the other is to promote the projects like forestry, embankment, pure
drinking water etc.
e) Awareness of eco-friendly banking
A yearly amount of Tk.1.00 crore has been allocated to create awareness and eagerness among the public about
green services and products of ABL. The Bank will support public green events like campaigns, sponsoring educative
program on environment, sponsoring tree plantations etc.
f) Training on green banking
A good number of officers and executives were trained on different green banking training programs held in BIBM
and ABTI in the year 2013. One program about Training on Trainers (ToT) on green banking was held in BIBM and two
programs on ‘Environmental Risk Management’ were conducted by ABTI. Similar training programs will continue in
the upcoming days.
g) Green office guideline
To adopt and follow in-house green activities by all employees of ABL, ‘Green Office Guideline’ has been issued and
distributed to all of its offices and branches. This would enable the total staff-members of ABL to use electricity, fuel,
water, paper and re-use equipments efficiently.
h) Green financing
ABL is giving utmost emphasis to create a better and healthy environment in the country by introducing green financing
in different sectors. ABL’s disbursed loans under green financing in different sectors are as follows:
Disbursement
Sectors UQNCTRCPGN 6CMCKP.CE
No Taka in lac
GCU[DKMG
Solar panel 85 48 )TGGP
Easy bike 275 483 (KPCPEKPI
J[DTKFJQHHOCP
DKQICU MKNPDTKEMHKGNF
Bio Gas 99 207
Hybrid Hoffman Kiln Brick field. 6 1288
i) Other activities conducted by Green Banking Division
The Green Banking Division is implementing a loan project under contract farming in maize cultivation. The maize loan
project is being conducted by this division at monga affected area of greater Rangpur, Dinajpur and Bogra districts at
two different interest rates i.e., subsidized rate at 4 percent and market rate at 10 percent. Under this project upto Tk
101.26 lac has been disbursed and Tk 53.18 lac has been recovered against this amount. The amount of outstanding
loan in it is Tk 49.94 lac where rate of recovery is 95 percent.

Directors’ Report
to the Shareholders
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enthusiastic to present before you the seventh audited Ges mßg evwl©K cÖwZ‡e`b cwiPvjbv cwil‡ì c¶ †_‡K
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in conjunction with the audited financial statements
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and overall performance of the Bank in perspective of
evsjv‡`‡ki A_©bxwZi †cÖ¶vc‡U e¨vs‡Ki GKwU msw¶ß A_P
global economic scenario and Bangladesh economy. mvwe©K PvjwPÎ Lyu‡R cvIqv hv‡e|
Though the slow momentum in restoration of world êwk¦K A_©bxwZ we‡kl K‡i DbœZ †`kmg~‡ni A_©bxwZi
economy especially by advanced economies in 2013, cybiæ×v‡i gš’i MwZ Ges Af¨šÍixY †¶‡Î D™¢~Z cÖwZK~j
Bangladesh managed to maintain a sustainable growth
rate by tackling domestic shocks successfully. As cwiw¯’wZ m‡Ë¡I evsjv‡`‡ki A_©bxwZ †UKmB cÖe„w×i aviv
per BBS statement on 8 months data, GDP growth is Ae¨vnZ ivL‡Z m¶g n‡q‡Q| weweGm 8 gv‡mi Z‡_ï
provisionally estimated at 6.03 percent in FY2012-13. In Dci wfwË K‡i mvgwqK wnmve Abyhvqx 2012-13 A_©eQ‡i
the last fiscal year inflationary pressure has fairly been wRwWwc cÖe„w× cÖv°jb K‡i‡Q 6.03 kZvsk| †`‡ki mvgwóK
appeased by maintaining macroeconomic stability
through prudent fiscal policy and cautious monetary A_©‰bwZK w¯’wZkxjZv eRvq ivLvi †¶‡Î M„nxZ weP¶Y ivR¯^
policy. Notwithstanding, the slow momentum of bxwZ I mshZ gy`ªvbxwZi d‡j MZ A_© eQ‡i D™¢~Z g~j¨ùxwZi
world economy, the export growth of Bangladesh has DaŸ©gyLx Pvc cÖkwgZ n‡q‡Q| wek¦ evwY‡Rï k&ø_ MwZ m‡Ë¡I
sustained satisfactory position. Because of high growth evsjv‡`‡ki ißvwb evwY‡Rï cÖe„w× m‡šÍvlRbK ch©v‡q i‡q‡Q|
of remittances, the foreign reserve reached at US$ 15
billion in FY2012-13. Moreover, Bangladesh has also GKB mv‡_ †iwgU¨vÝ cÖev‡ni D”P cÖe„w×i d‡j ‰e‡`wkK
attained remarkable accomplishment in social sector. gy`ªvi wiRvf© cÖvq 15 wewjqb gvwK©b Wjv‡i †cuŠ‡Q| mvgvwRK
The country has remained stronger in achieving almost Lv‡ZI evsjv‡`k j¶Ÿxq mvdj¨ AR©b K‡i‡Q| GgwWwRÕi
all the goals of MDGs. With a view to converting the cÖvq me¸‡jv j¶¨gvÎv AR©‡b evsjv‡`k my`„p Ae¯’v‡b i‡q‡Q|
country into a middle income economy, persistent
effort is going on to enhance investment and generate †`k‡K GKwU ga¨ Av‡qi †`‡k cwiYZ Kivi j‡¶¨ wewb‡qvM
employment opportunity. In 2012-13 fiscal year, the e„w× I Kg©ms¯’vb m„wói cÖ‡PóvI Ae¨vnZ i‡q‡Q| 2012-13
Gross National Income stood at US$ 923. A_©eQ‡i gv_vwcQz RvZxq Avq 923 gvwK©b Wjv‡i †cuŠ‡Q‡Q |
World Economic Scenario wek¦ A_©‰bwZK cwiw¯’wZ
In spite of the continued sluggish momentum in wek¦ A_©bxwZ cybiæ×v‡i kø_ MwZ 2012 mv‡ji cÖ_gva© ch©šÍ
restoration of world economy till the first half of 2012, it
has successfully turned around in the second half of 2012.
Ae¨vnZ _vKvi ci wØZxqva© †_‡K Ny‡i `vuov‡Z ïiæ K‡i‡Q|
However, the world economic scenario had returned into BD‡iv AÂ‡j M„nxZ †Rviv‡jv Kg©m~wP Ges hy³iv‡ó&ªi fiscal cliff
positive trend as a result of taking effective program in D™¢~Z Avw_©K ms‡KvPb Gi d‡j A_©‰bwZK cwiw¯’wZ BwZevPK
Eurozone and financial austerity resulting from fiscal cliff. avivq wd‡i G‡m‡Q| BD‡iv AÂ‡ji mve©‡fŠg FY mgm¨vi
Moreover, the upward pressure of sovereign debt crisis
in Eurozone has fairly appeased recently. For meeting up ZxeªZv eZ©gv‡b A‡bK cÖkwgZ n‡q G‡m‡Q Ges FY mgm¨v
the debt crisis, the comparatively small economies have wgUv‡Z Zzjbvg~jKfv‡e †QvU A_©bxwZi †`k¸‡jv `xN©‡gqv`x
been able to receive the long term sovereign debt. In mve©‡fŠg FY MÖn‡Y mg_© n‡q‡Q| c¶všÍ‡i, Dbœqbkxj I
contrast, the economic activities of the developing and
emerging countries have gathered pace recently. Yet, the
D`xqgvb †`kmg~‡n A_©‰bwZK Kg©Kv‡Û B‡Zvg‡a¨ MwZi
domestic demand of these countries has not noticeably mÂvi n‡q‡Q| Z‡e BD‡iv AÂ‡j †eKviZ¡ e„w× Ges hy³iv‡óªi
increased due to acceleration of unemployment in Euro- Kg©ms¯’v‡bi axi MwZi Kvi‡Y Gme †`‡ki Af¨šÍixY Pvwn`v
zone and slow rate of employment in USA. The sluggish D‡jøL‡hvM¨ nv‡i ev‡owb| DbœZ G ‡`kmg~‡ni ê‡`wkK
pace of growth in the foreign trade of the advanced
economies has affected adversely upon the export trade evwY‡R¨ kø_ MwZ Dbœqbkxj †`kmg~‡ni ißvwb evwY‡R¨ weiƒc
of the developing countries. cÖfve †d‡j‡Q|
92
The World Economic Outlook (WEO), April 2013 of AvšÍR©vwZK gy`ªv Znwej (AvBGgGd) Gi World Economic
IMF anticipated that the growth rate of world economy Outlook (WEO), GwcÖj 2013-G 2013 A_©eQ‡i we‡k¦i
might reach to 3.30 percent in 2013 and 4.00 percent in
2014. The growth rate of the developed countries might
A_©‰bwZK cÖe„w× 3.30 kZvs‡k Ges 2014 mv‡j 4.00
increase to 2.20 percent in 2014 from 1.20 percent in kZvsk ùvov‡Z cv‡i e‡j c~e©vfvm Kiv n‡q‡Q| DbœZ A_©bxwZi
2013.This is mainly because of robust position of the †`kmg~‡ni cÖe„w× 2013 mv‡j 1.20 kZvsk †_‡K e„w× †c‡q
private sector resulting from improvement of the credit 2014 mv‡j 2.20 kZvs‡k ùvov‡Z cv‡i| G cÖe„w×i KviY g~jZ
and real estate market of the USA. Therefore, more hy³iv‡óªi FY I M„nvqY evRv‡ii Ae¯’v DbœZ nIqvq e¨w³LvZ
economic adjustment is expected than anticipated. The kw³kvjx n‡”Q| d‡j KvswLZ gvÎvi †P‡q AwaK Avw_©K Lv‡Zi
economic activities of the emerging and developing
mgš^q cÖZ¨vkv Kiv n‡”Q| weKvkgvb I Dbœqbkxj A_©bxwZi
countries have got momentum. It increased huge
domestic demand of these countries. It has forecasted †`kmg~‡ni A_©‰bwZK Kvh©µg B‡Zvg‡a¨ MwZkxj n‡q‡Q|
that the growth of emerging and developing countries G mKj †`‡ki Af¨šÍixY Pvwn`vI e„w× †c‡q‡Q| weKvkgvb
would be 5.30 percent and 5.70 percent in 2013 and in Dbœqbkxj A_©bxwZi cÖe„w× 2013 mv‡j 5.30 kZvsk Ges 2014
2014 respectively. mv‡j Zv 5.70 kZvs‡k DbœxZ n‡e e‡j c~e©vfvm Kiv n‡q‡Q|
According to the Asian Development Outlook, Gwkqv Dbœqb e¨vsK Gi Asian Development Outlook,
2013, though economic growth decreased among 2013 Abyhvqx Gwkqvi †`kmg~‡n 2012 G A_©‰bwZK AMÖMwZ
Asian countries in 2012, the momentum accelerated n«vm †c‡jI 2013 mv‡j A_©‰bwZK Kg©Kv‡Û MwZkxjZv
in 2013 and GDP had reached to a satisfactory wd‡i Av‡m Ges wRwWwc e„w× m‡šÍvlRbK ch©v‡q DbœxZ nq|
level. Furthermore, GDP is anticipated to reach Af¨šÍixY Pvwn`v e„w× Ges AvÂwjK evwY‡Rï cÖmv‡ii d‡j
from 6.60 percent of 2013 to 6.70 percent in 2014. cÖe„w× 2013 mv‡ji 6.60 kZvsk ‡_‡K 2014 mv‡j 6.70
Accommodated monetary policy, fiscal policy in some kZvs‡k DbœxZ n‡e g‡g© c~e©vfvm Kiv n‡q‡Q| msKzjvbgyLx
cases and smooth labour market would help to achieve gy`ªvbxwZ I †¶Î we‡k‡l ivR¯^bxwZ Ges mymsnZ kªgevRvi G
steady domestic demand, sustainable and inclusive AÂ‡ji Af¨šÍixY Pvwn`v‡K mymsnZ ivL‡e Ges G AÂ‡ji
growth in this region. †UKmB I AšÍf©~w³gyjK cÖe„w× AR©‡b mnvqK n‡e|
Impressive Track Record of Bangladesh Economy evsjv‡`‡ki A_©bxwZi µgea©gvb AMÖMwZ

Bangladesh’s track record of achievements, in different 2021 mv‡ji g‡a¨ GKwU ga¨g Av‡qi †`‡k cwiYZ nIqvi
sectors and according to various performance j‡¶¨ evsjv‡`‡ki µgvMZ Avkve¨ÄK AMÖMwZ mvwaZ n‡”Q
indicators, bear evidence that she is making impressive
hv wewfbœ †m±‡i †`‡ki A_©bxwZi AR©bmg~n Ges mvd‡jï
and encouraging progress towards attaining her goal
of being a middle income country by 2021. Bangladesh m~PK¸‡jv j¶¨ Ki‡j Abyaveb Kiv hvq| weMZ `yB `k‡Ki
was able to accelerate her GDP growth from under 4.00 g‡a¨ evsjv‡`k Zvi wRwWwc cÖe„w× 4.00 kZvsk n‡Z 6.00
percent per year to over 6.00 percent within a span kZvs‡k DbœxZ Ki‡Z m¶g n‡q‡Q| GK‡PwUqv mvnvh¨ wbf©i
of two decades. Our country has been able to make A_©bxwZ n‡Z evwYR¨ wbf©i A_©bxwZ wn‡m‡e iƒcvšÍ‡ii c‡_
commendable transition from a predominantly aid- evsjv‡`k cÖksmbxq DbœwZ jvf K‡i‡Q| eZ©gv‡b cÖwZeQi
dependent economy to a trading nation. The combined
evsjv‡`‡ki ißvwb cY¨ n‡Z cÖvß Avq Ges †iwgU¨vÝ AR©b
net foreign exchange earnings from export of goods
and remittance are at present about fifteen times more G `yÕ†qi †gvU cwigvY cÖwZeQi cÖvß †gvU ê‡`wkK mvnv‡hï
than the aid we receive annually. †P‡q cÖvq 15 ¸Y †ewk|
Bangladesh has established herself as the second †cvkvK wk‡í Px‡bi ci we‡k¦i wØZxq e„nËg ißvwbKviK
largest exporter of apparels in the world, after China; †`k wn‡m‡e evsjv‡`k wb‡R‡K cÖwZwôZ Ki‡Z m¶g n‡q‡Q|
our shipbuilding, footwear, pharmaceuticals and other Avgv‡ì RvnvR wbg©vY wkí, dzUIq¨vi, Jla wkí Ges
non-traditional exports are showing encouraging signs. Ab¨vb¨ AcÖPwjZ ißvwb Drmvne¨ÄK AMÖMwZi Qvc †i‡L‡Q|
Our farmers have increased food grains production
¯^vaxbZvi cieZx© mg‡qi Zzjbvq eZ©gv‡b Avgv‡ì K…l‡Kiv
by more than three fold since independence enabling
cÖvq 3 ¸Y †ewk Lv`¨ km¨ Drcv`b Ki‡Q hv evsjv‡`k‡K Lv`¨
Bangladesh to more towards food security. Our
economy has been able to demonstrate impressive
wbivcËv AR©‡bi c‡_ GwM‡q wb‡q hv‡”Q| Avgv‡ì A_©bxwZ
resilience in the face of multiple global and financial êwk¦K Avw_©K I Ab¨vb¨ P¨v‡jÄmg~n `¶Zvi mv‡_ †gvKv‡ejv
crisis. Bangladesh’s track record in attaining key Ki‡Z m¶g n‡q‡Q| evsjv‡`‡ki `vwi`ª we‡gvPb, wj½ êlg¨
Millennium Development Goals (MDGs) including in the `~ixKiY, ¯^v¯’¨ †mevi gv‡bvbœqb Ges wk¶vi AMÖMwZmn
areas of poverty alleviation, gender parity, and access to Ômnmªvã Dbœqb j¶¨gvÎvÕ (MDGs) AR©‡b M„nxZ c`‡¶c mg~n
health and education has received high global acclaim. wek¦e¨vcx D”P cÖkswmZ n‡q‡Q|

These aforesaid achievements were possible through a G AR©b mg~n KZ¸‡jv mw¤§wjZ cÖqv‡mi gva¨‡g m¤¢e n‡q‡Q
combination of factors: supportive government policies
h_v- miKv‡ii m¤ú‡ì mycwiKwíZ †hvMvb I mn‡hvwMZvg~jK
and targeted resource allocation; the hard work of
farmers and workers at home and abroad, contribution bxwZgvjv, K…lK‡ì K‡Vvi kÖg Ges †`‡k I we‡`‡k Avgv‡ì
of the private sector and our vibrant entrepreneurial kÖwgK‡ì AK¬všÍ cwikÖg, †emiKvwi LvZ Ges MwZkxj D‡`¨v³v
class, proactive role of our non-government actors †kÖYxi Ae`vb, ¶z`ªFY weZiYmn †emiKvwi ms¯’v mg~‡ni
including in areas of disbursement of micro-credit,
D‡`¨vMx f‚wgKv, ¶z`ª D‡`¨v³v‡ì AMÖMwZ Ges mvgvwRK I
development of micro-enterprises and raising
consciousness about economic and social issues; A_©‰bwZK wel‡q Rbm‡PZbZv e„w×, wba©vwiZ cÖK‡í Dbœqb
target support provided by development partners. mn‡hvwM‡ì mnvqZv BZ¨vw`|
Macroeconomic Scenario of Bangladesh evsjv‡`‡ki mvgwóK A_©‰bwZK cwiw¯’wZ
Immediately after the recovery from economic 2008-09 A_©eQ‡ii g›`v n‡Z DËi‡Yi ciciB 2011-12
depression in 2008-09, the global economy was again Gi cÖ_gv‡a© wek¦e¨vwc g›`vi cybivwefv©e nIqvq wek¦ A_©bxwZ
facing challenges as the recession re-emerged in the
first half of FY2011-12. By this time, sluggish export cybivq P¨v‡jÄ Gi m¤§yLxb nq| Gmgq mvgwMÖKfv‡e ißvwb
growth took place even though Bangladesh had been cÖe„w×i MwZ kø_ nq| Zv m‡Ë¡I evsjv‡‡`‡k 2009-10 A_©eQi
able to maintain average growth rate over 6.00 percent n‡Z cÖwZeQi M‡o 6.00 kZvs‡ki †ewk wRwWwcÕi cªe„w×
continuously from FY2009-10. Substantial contributions
of remittance inflow have turned the current account
n‡q‡Q| Gmgq †iwgU¨vÝ Gi e¨vcK cÖev‡n PjwZ wnmv‡ei
balance more than double by this time. To overcome DØ„Ë cÖvq wØ¸‡Yi †ewk n‡q‡Q| we‡k¦i Pjgvb fvimvg¨nxbZv
the global economic imbalance effectively and to mwVKfv‡e †gvKv‡ejv Ges †UKmB I `ªæZ cÖe„w× AR©‡bi j‡¶¨
achieve sustainable quick growth of GDP, emphasis
MZ A_©eQ‡i A_©bxwZi KvVv‡gvMZ ms¯‹vi Kvh©µg ev¯Íevqb
was given in the last year upon the implementation of
streamlining activities of economic strategies. †Rvi`vi Kiv nq|
Economic Growth A_©‰bwZK cÖe„w×

According to the provisional statement of Bangladesh evsjv‡`k cwimsL¨vb wefv‡Mi mvgwqK wnmve Abyhvqx 2012-
Statistical Department, the GDP growth was anticipated 13 A_©eQ‡ii Rb¨ wRwWwc cÖe„w× `vuov‡e 6.03 kZvsk,
to reach at 6.03 percent for FY2012-13 as against 6.23 MZ A_©eQ‡i wRwWwc cÖe„w× wQj 6.23 kZvsk| 2012-13
percent of the preceding year. In FY2012-13, the growth A_©eQ‡i K…wl, wkí I †mev Lv‡Z cÖe„w× cÖv°jb Kiv n‡q‡Q
of agriculture, industry, and service sector is projected h_vµ‡g 2.17 kZvsk, 8.99 kZvsk I 5.73 kZvsk hv
at 2.17 percent, 8.99 percent, and 5.73 percent
respectively which was 3.11percent, 8.90 percent and
2011-12 A_©eQ‡i wQj h_vµ‡g 3.11 kZvsk, 8.90 kZvsk
5.96 percent respectively in FY2011-12. This year, GDP I 5.96 kZvsk| 2011-12 A_©eQ‡i gv_vwcQz RvZxq Avq
and GNI per capita stood at US$ 923 and US$ 838 I gv_vwcQz wRwWwc wQj h_vµ‡g 840 I 766 gvwK©b Wjvi
which were US$ 766 and US$ 840 respectively in the hv 2012-13 A_©eQ‡i h_vµ‡g 923 I 838 gvwK©b Wjv‡i
fiscal year 2011-12. `vuwo‡q‡Q|
Savings and Investment mÂq I wewb‡qvM
Domestic savings has not changed at all in current †`kR mÂq 2011-12 A_©eQ‡ii 19.62 kZvsk †_‡K 2012-
FY2012-13 from 19.62 percent in FY2011-12. But due 13 A_©eQ‡i †gv‡UB cwiewZ©Z nqwb| wKš‘ †iwgU¨vÝ cÖev‡ni
to substantial remittance inflows the national savings m‡šÍvlRbK cÖe„w×i d‡j RvZxq mÂq 29.18 kZvsk †_‡K
has swelled up to 29.51percent from 29.18 percent
in the previous fiscal year. Investment in private sector †e‡o 29.51 kZvsk n‡q‡Q| MZ eQ‡ii Zzjvbvq †emiKvwi
reduces to 18.99 percent which was 20.04 percent in wewb‡qvM 20.04 kZvsk †_‡K †b‡g 18.99 kZvsk n‡q‡Q|
FY2011-12. But government investment picks up at wKš‘ miKvwi wewb‡qvM 6.50 kZvsk †_‡K †e‡o 7.85 kZvs‡k
7.85 percent as against 6.50 percent. As a result, the
total investment stood at 26.84 percent which was
DbœxZ n‡q‡Q| ZvB †gvU wewb‡qvM 2011-12 A_©eQ‡ii 26.54
26.54 percent in FY2011-12. kZvsk †_‡K mvgvb¨ e„w× †c‡q 26.84 †Z †cuŠ‡Q‡Q|
Inflation g~j¨ùxwZ
The average annual inflation in FY2011-12 was 10.62 MZ 2011-12 A_©eQ‡i evwl©K Mo g~j¨ùxwZ wQj 10.62
percent. In fact, the soaring prices of food and crude
kZvsk| Gmgq g~jZt AvšÍRv©wZK evRv‡i R¡vjvwb †Zj I Lv`¨
oil in iternational market; the excessive credit flow to
unproductive sectors played important role to increase c‡Yï D”P g~j¨, Abyrcv`bkxj Lv‡Z AwZwi³ F‡Yi cÖevn
inflation in the country. However, the upward trend of g~j¨ùxwZ‡Z f‚wgKv †i‡L‡Q| Z‡e eZ©gv‡b g~j¨ùxwZi Pvc
94
inflationary pressure has been appeased recently. On K‡g G‡m‡Q| c‡q›U-Uz-c‡q›U wfwË‡Z g~j¨ùxwZi nvi GwcÖj
point to point basis the average inflation rate, therefore,
reached to 7.93 percent in April 2013 as against 9.93
2013 gv‡m 7.93 kZvsk ùvwo‡q‡Q hv GwcÖj 2012-G wQj
percent in April 2012. Up to April of FY2012-13 the 9.93 kZvsk| PjwZ A_©eQ‡i GwcÖj ch©šÍ g~j¨ùxwZ (evwl©K
average annual inflation rate stood at 7.85 percent Mo) `vuwo‡q‡Q 7.85 kZvsk, MZ A_©eQ‡ii GKB mg‡q G
which was 10.99 percent in the corresponding period
of the previous year. In the mean time, food inflation nvi wQj 10.99 kZvsk| Gmg‡q Lv`¨ g~j¨ùxwZ w¯’wZkxj
remains stable and non-food inflation decreases to 9.00 i‡q‡Q I Lv`¨ ewnf‚©Z g~j¨ùxwZ 13.77 kZvsk †_‡K n«vm
percent from over 13.77 percent in the corresponding
period of the previous year.
†c‡q 9.00 kZvs‡k ùvwo‡q‡Q|
Balance Budget and Financing ev‡RU fvimvg¨ I A_©vqb

In FY2012-13 the total budget deficit was projected 2012-13 A_©eQ‡i †gvU ev‡RU NvUwZ cÖv°jb Kiv n‡q‡Q
at 46,024 crore taka which was 4.40 percent of total 46,024 †KvwU UvKv, hv wRwWwcÕi 4.40 kZvsk| ms‡kvwaZ
GDP. Later on, this deficit shrank to 43,937 crore taka ev‡R‡U NvUwZ n«vm †c‡q ùvwo‡q‡Q 43,937 †KvwU UvKv
in amended budget which was 4.20 percent of GDP. (wRwWwcÕi 4.20 kZvsk)| NvUwZ A_©vq‡b ê‡`wkK Drm n‡Z
The goal has been fixed to meet up this deficit from
11,903 †KvwU UvKv (wRwWwcÕi 1.10 kZvsk) Ges Af¨šÍixY
foreign source 11,903 crore taka (1.10 percent of GDP)
and domestic source 31,711 crore taka (3.10 percent
Drm †_‡K 31,711 †KvwU UvKv (wRwWwcÕi 3.10 kZvsk)
of GDP). ms¯’v‡bi j¶¨gvÎv wba©viY Kiv n‡q‡Q|
Financial Sector Avw_©K LvZ

The monetary policy aimed to contain the average †`‡ki gy`ªvbxwZi j¶¨ wQj gy`ªv †hvMv‡bi cÖe„w× †`kR
consumer inflation fewer than 7.50 percent by Drcv`b-Gi cÖK…Z cÖe„w×i wba©vwiZ j¶¨gvÎv AR©‡bi m‡½
maintaining the co-relation between the gross domestic mvgÄm¨c~Y© †i‡L Mo †fv³v g~j¨ùxwZ 7.50 kZvs‡k bvwg‡q
production and the growth of money supply. In FY2012-
Avbv| 2012-13 A_©eQ‡ii wØZxqv‡a© evsjv‡`k e¨vs‡Ki bxwZ
13 Bangladesh Bank had decreased 50 points of the
policy interest rate of REPO and reverse REPO which my` nv‡i (†i‡cv I wifvm© †i‡cv) 50 †ewmm c‡q›U Kwg‡q
was increased 100 basis points on two occasions in Avbv nq| 2011-12 A_©eQ‡ii bxwZ my` nvi `yÕ`dvi †gvU
FY2011-12. Various measures taken to make proper 100 †ewmm c‡q›U e„w× Kiv n‡qwQj| gy`ªvbxwZi myôz ev¯Íevq‡b
implementation of monetary policy are stringent loan Avw_©K Lv‡Z M„nxZ wewfbœgyLx eë¯’vi g‡a¨ i‡q‡Q FY †kªYxKiY
classifications and provisioning instructions, strong I cÖwfkwbs msµvšÍ wb‡`©kbv‡K K‡VviZi K‡i wek¦gv‡bi
monitoring and restructuring of on-sight and off- ms‡M mvgÄm¨c~Y© Kiv; AbmvBU I AdmvBU mycviwfkb eë¯’v
sight supervision system, debenture management, †Rvi`viKiY I cybwe©b¨vm, FYcÎ eë¯’vcbv Ges Af¨šÍixY
mandatory online supervisory reporting in purchasing wej µ‡q AbjvBb mycvifvBRwi wi‡cvwU©s Gi Avek¨KZv,
inland bill, increasing monitoring by Bangladesh Bank
on financial health of banks about capability of bank
e¨vsK I Avw_©K cÖwZôvb¸‡jvi Avw_©K ¯^”QjZvi wel‡q
and financial institutions etc. evsjv‡`k e¨vs‡Ki bRi`vwi e„w× BZ¨vw`|
Monetary and Credit Scenario gy`ªv I FY cwiw¯’wZ

At the end of February of FY2012-13 the growth of 2012-13 A_©eQ‡i †deªæqvwi gvm †k‡l eQi wfwË‡Z msKxY©
Narrow Money-M1 and Broad Money-M2 increased gy`ªv (Narrow Money-M1) I e¨vcK gy`ªv (Broad Money-M2)
significantly. By this time, the supply of Narrow
cÖe„w× D‡jøL‡hvM¨ nv‡i e„w× †c‡q‡Q| Gmgq e¨vcK gy`ªv I
Money-M1 and Broad Money-M2 increased by 18.11
percent and 11.08 percent respectively as against msKxY© gy`ªv mieivn e„w× cvq h_vµ‡g 18.11 kZvsk I 11.08
17.60 percent and 6.56 percent respectively in the kZvsk hv c~e©eZ©x A_©eQ‡ii GKB mg‡q wQj h_vµ‡g 17.60
corresponding period of the previous year. At the kZvsk I 6.56 kZvsk| 2012-13 A_©eQ‡ii gvP© 2013 †k‡l
end of March of FY2012-13, the gross domestic credit eQi wfwË‡Z e¨vsK eë¯’vq †gvU Af¨šÍixY FY 12.82 kZvsk
increased by 12.82 percent as against 22.45 percent
rise in the corresponding period of previous year.
e„w× cvq, c~e©eZ©x A_©eQ‡ii GKB mg‡q G e„w×i nvi wQj
Strong supervisory steps have been continuing by 22.45 kZvsk| †emiKvwi e¨vsK¸‡jvi FY hv‡Z Drcv`bkxj
Bangladesh Bank over private banks to utilize their Lv‡Z eëüZ nq †m wel‡q evsjv‡`k e¨vsK Gi Z`viwK eë¯’v
credit in productive sector. In order to strengthen and Ae¨vnZ i‡q‡Q| Avw_©K Lv‡Zi mvwe©K cwiw¯’wZ AviI mymsnZ
consolidate the overall financial scenario and as part
I my`„p Kiv Ges AvšÍR©vwZK m‡e©vËg Abykxjb I e¨v‡mj †Kvi
of intensive supervisory system, loan classification and
provisioning policy has been formulated in keeping bxwZgvjvi mv‡_ mvgÄm¨ ivLvi j‡¶¨ wbweo Z`viwK cÖwµqvi
with the best international practices and core policies Ask wn‡m‡e FY †kªYxKiY Ges cÖwfkwbs msµvšÍ bxwZgvjv
of Basel accord. cÖYqb Kiv n‡q‡Q|

Interest Rate my‡ì nvi
In order to create a competitive market in banking e¨vsK¸‡jvi g‡a¨ cÖwZ‡hvwMZvg~jK cwi‡ek m„wói j‡¶¨ my‡ì
sector, the banks were allowed to change its deposit nvi †hŠw³KxKiYmn AvgvbZ I F‡Yi my`/gybvdv nvi cÖwZ gv‡m
and credit interest profit rate once a month in a rational
manner which they would promptly expose in their
GKevi cwieZ©b Ges ¯^-¯^ I‡qemvB‡U cÖKv‡ki wel‡q evsjv‡`k
respective website and inform to the Bangladesh Bank. e¨vsK KZ…©K e¨vsK¸‡jv‡K wb‡`©kbv cÖ`vb Ae¨vnZ wQj|
Export ißvwb
Immediately after the recovery from economic recession 2008-09 mg‡qi g›`v cwiw¯’wZ †_‡K wek¦ A_©bxwZ †ewi‡q
in 2008-09, the export position of Bangladesh has Avmvi mv‡_ mv‡_ evsjv‡`‡ki ißvwb LvZ MZ 2010-11
reached in a very strong position during 2010-11 where A_©eQ‡i my`„p Ae¯’v‡b †cŠu‡Q †hLv‡b ißvwb cÖe„w× n‡q‡Q
export growth increased by 41.47 percent as compared
to the previous year. However, sovereign credit crisis in
c~e©eZ©x A_©eQ‡ii Zzjbvq 41.47 kZvsk| Z‡e evsjv‡`‡ki
euro-zone which is one of Bangladesh’s main export Ab¨Zg cÖavb ißvwb evRvi h_vt BD‡iv AÂ‡ji mve©‡fŠg FY
destinations was having its impact on export trade. It mgm¨vi d‡j m„ó Avw_©K msK‡Ui cÖfve evsjv‡`‡ki ißvwb
led to a slight decrease in export growth. The export evwY‡Rï Ici c‡o‡Q| d‡j ißvwb cÖe„w× wKQzUv n«vm cvq|
earnings of Bangladesh stood at USD 19,704 million 2012-13 A_©eQ‡ii RyjvB-gvP© mg‡q †gvU ißvwb Avq 2011-
at the period July-March of FY2012-13, which was 12 A_©eQ‡ii GKB mgqKv‡ji Zzjbvq kZKiv 10.20 fvM
10.20 percent higher than the export earnings of the e„w× †c‡q 19,704 wgwjqb Wjvi ùvovq|
corresponding period of FY2011-12.
Significant contributions of knitwear and readymade †`‡ki †gvU ißvwb Avq e„w×‡Z ˆZix †cvkvK Ges wbUIq¨vi
garments were still continuing to increase the export c‡Yï D‡jøL‡hvM¨ Ae`vb 2012-13 A_©eQ‡ii Av‡jvP¨
earnings of Bangladesh. In FY2012-13 by assessing the mgqKv‡jI Ae¨vnZ _v‡K| G mg‡q ißvwb c‡Yï †kªYxweb¨vm
sector-wise position classification of export, it was seen wfwËK ch©v‡jvPbv †_‡K †`Lv hvq †h, †c‡Uªvwjqvg DcRvZ
that export earnings in FY2012-13 mainly increased `ªe¨ (kZKiv 24.10 fvM), cv`yKv (kZKiv 19.40 fvM),
for petroleum goods (24.10 percent), foot wear (19.40 cvURvZ cY¨ (kZKiv 15.70 fvM), Pvgov (kZKiv 15.00
percent), jute goods (15.70 percent), leather (15.00 fvM), n¯ÍwkíRvZ `ªe¨ (kZKiv 14.60 fvM), ˆZwi †cvkvK
percent), handicraft goods (14.60 percent), readymade (kZKiv 13.80 fvM), cÖ‡KŠkj mvgMÖx (kZKiv 8.90 fvM),
garments (13.80 percent), engineering products (8.90 bxUIq¨vi (kZKiv 8.40 fvM), Ges wmivwgK `ªe¨ (kZKiv
percent), knitwear (8.40 percent), and ceramic products
6.80 fvM) Lv‡Z ißvwb Avq e„w× cvq| Aciw`‡K, Pv (kZKiv
(6.80 percent). On the other hand, export earnings
42.70 fvM), wngvwqZ Lv`¨ (kZKiv 16.20 fvM), ivmvqwbK
decreased in FY2012-13 mainly for tea (42.70 percent),
`ªe¨ (kZKiv 14.60 fvM), KuvPv cvU (kZKiv 13.40 fvM)
frozen foods (16.20 percent), chemical goods (14.60
Ges K…wlRvZ cY¨ (kZKiv 11.10 fvM) Lv‡Z ißvwb Avq n«vm
percent), raw jute goods (13.40 percent) and agriculture
goods (11.10 percent).
cvq|
As per countrywise export observation, USA is the †`k wfwËK ißvwb Kvh©µg ch©v‡jvPbv Ki‡j †`Lv hvq
main export product market of Bangladesh and USA †h, hy³ivóª Avgv‡ì ißvwb c‡Yï e„nr evRvi| 2012-13
sustained the top position among the importing goods A_©eQi RyjvB-gvP© mgqKv‡j evsjv‡`kx ißvwb c‡Yï cÖavb
of Bangladesh during July–March of FY2012-13. During Avg`vwbKviK †`k wn‡m‡e kx‡l© i‡q‡Q hy³ivóª| Av‡jvP¨
this period, Bangladesh exported US$ 3,952.74 million mgqKv‡j 3,952.74 wgwjqb gvwK©b Wjvi ißvwb n‡q‡Q
in USA, which was 20.06 percent of total export. The hy³iv‡óª hv †`‡ki †gvU ißvwbi kZKiv 20.06 fvM| hy³iv‡óª
major exporting products in USA are: readymade
garments, knitwear, frozen shrimp, cap, home textiles,
ißvwbK…Z cÖavb cÖavb cY¨ n‡jv ˆZix †cvkvK, wbUIq¨vi,
etc. After USA, European Union kept the second position
wngvwqZ wPswo, K¨vc, †nvg †U·UvBj BZ¨vw`| evsjv‡`kx cY¨
in exporting goods of Bangladesh, they are: Germany ißvwbi †¶‡Î hy³iv‡óªi c‡i i‡q‡Q BD‡ivwcqvb BDwbqbfy³
(14.75 percent), UK (10.42 percent) and France (5.37 †`k h_vµ‡g Rvg©vwb (kZKiv 14.75 fvM), hy³ivR¨ (kZKiv
percent). Extended assistance for the entrepreneurs 10.42 fvM) I d«vÝ (kZKiv 5.37 fvM)| c‡Yï eûgyLxKiY
under ‘New Market Exploration Assistance’ announced I bZzb evRvi A‡š¦l‡Yi Rb¨ B‡Zvc~‡e© †NvwlZ cÖ‡Yv`bv
in the incentive package is also underway this year for c¨v‡K‡R DwjøwLZ New Exploration Assistance Market Gi
diversification of goods and exploration of new export AvIZvq D‡`¨v³v‡ì ewa©Z mnvqZv cÖ`vb Ae¨vnZ i‡q‡Q|
market. In the mean time, export markets have been B‡Zvg‡a¨ bZzb evRvi wn‡m‡e Rvcvb, †Kvwiqv, `w¶Y Avwd«Kv
created in Japan, Korea, South Africa and Turkey. I Zzi‡¯‹ evsjv‡`‡ki c‡Yï ißvwbi evRvi m„wó n‡q‡Q|
Import Avg`vwb
The total import payment stood at US$ 26,944.50 2011-12 A_©eQ‡ii cÖ_g bq gv‡m (RyjvB-gvP©) Avg`vwb
million by increasing 11.22 percent during FY2011-12 e¨q 11.22 kZvsk e„w× †c‡q 26,944.50 wgwjqb gvwK©b
96
(July- March, 2012). However, the total import payment Wjv‡i †cuŠ‡Q| 2012-13 A_©eQi RyjvB-†deªæqvwi mgqKv‡j
(CIF) stood at US$ 22,419 million in FY2012-13 (July- †gvU Avg`vwb e¨q (wmAvBGd) c~e©eZ©x eQ‡ii GKB mg‡qi
February) as against 7.00 percent decrease in the Zzjbvq 7.0 fvM n«vm †c‡q 22,419 wgwjqb Wjv‡i ùvovq|
corresponding period of the previous year. Import Kg ¸iæZ¡c~Y© c‡Yï Avg`vwb wbiærmvwnZ Kivi d‡j mv¤cÖwZK
growth slowed down recently as import of unimportant
goods was discouraged. Country wise import goods
mg‡q Avgv`vwb cÖe„w× n«vm †c‡q‡Q| †`k wfwËK Avg`vwb
analysis shows that, China stands at first position c‡Yï ch©v‡jvPbv Ki‡j †`Lv hvq †h, 2012-13 A_©eQ‡ii
in terms of import goods during FY2012-13 (July- RyjvB-wW‡m¤î mg‡qi †`‡ki Avg`vwbi †¶‡Î Px‡bi Ae¯’vb
December). During the time, 18.98 percent out of total kx‡l© i‡q‡Q| Av‡jvP¨ mg‡q †gvU Avgv`vwb e¨‡qi kZKiv
import has been imported from China. Second and 18.98 fvM Pxb †_‡K Avg`vwb Kiv n‡q‡Q| wØZxq I Z…Zxq
third positions are India 13.85 percent and Malaysia Ae¯’v‡b i‡q‡Q fviZ (kZKiv 13.85 fvM) I gvj‡qwkqv
6.15 percent respectively. Analyzing the category of (kZKiv 6.15 fvM)| Avg`vwb c‡Yï aiY †_‡K †`Lv hv‡”Q †h,
imported goods, it is observed that, import payment of FYcÎ wb¯úwËi wfwË‡Z RyjvB-†deªæqvwi, 2013 mg‡q c~e©eZ©x
capital machinery, industrial raw materials decreased A_©eQ‡ii GKB mg‡qi Zzjbvq g~jawb hš¿cvwZi Avg`vwb
by 38.75 percent, 35.52 percent respectively and the
major import payment of consumer goods decreased
38.75 kZvsk, wk‡íi KuvPvgvj Avg`vwb e¨q 35.52 kZvsk
by 36.27 percent. Ges cÖavb †fvM¨cY¨ Avg`vwb e¨q 36.27 kZvsk n«vm †c‡q‡Q|
Overseas Employment and Remittance ê‡`wkK Kg©ms¯’vb I †iwgU¨vÝ

The growth of manpower exporting is gradually kªgkw³ ißvwbi nvi µgvš^‡q †e‡oB P‡j‡Q| ïay 2012 mv‡j
increasing. As many as 6.08 lac workers went abroad (Rvbyqvwi-wW‡m¤î) cÖvq 6.08 jvL evsjv‡`kx bvMwiK Kv‡Ri
in quest of jobs in the year 2012 (January–December). mÜv‡b we‡`‡k Mgb K‡i‡Q| 2012-13 A_©eQ‡ii RyjvB-gvP©
Bangladesh earned remittances US$ 11,121.31million mg‡q cÖevmx evsjv‡`kx‡ì †cÖwiZ A‡_©i cwigvY 11,121.31
in FY2012-13 (July- March), which was 16.67 percent wgwjqb Wjv‡i `vuwo‡q‡Q, hv c~~e©eZ©x eQ‡ii GKB mg‡qi
higher than the amount of corresponding period of
Zyjbvq 16.67 kZvsk †ewk| 2010-11 A_©eQ‡ii cÖevmx‡ì
the preceding year. The amount of remittances by the
†cÖwiZ A‡_©i cwigvY wQj wRwWwcÕi kZKiv 10.55 fvM Ges
Bangladeshi expatriates in 2010-11 was 10.55 percent to
†gvU cY¨ ißvwb Av‡qi kZKiv 50.64 fvM, hv e„w× †c‡q
the total GDP and 50.64 percent of total export earnings
which was increased by 11.11 percent of total GDP and
2011-12 A_©eQ‡i wRwWwcÕi kZKiv 11.11 Ges †gvU cY¨
52.92 percent of total export earnings. The amount of ißvwb Av‡qi kZKiv 52.92 fv‡M ùvwo‡q‡Q| 2012-13
remittances received by Bangladesh in FY2012-13 was A_©eQ‡i cÖevmx‡ì †cÖwiZ A‡_©i cwigvY wRwWwcÕi 9.50
9.50 percent of total GDP. kZvsk|
The remittances played a vital role in expediting cÖevmx‡ì †cÖwiZ A_© †`‡ki µgea©gvb Kg©-m„R‡bi cvkvcvwk
economic development of the country including †eKvi mgm¨v n«vm, `vwi`ª we‡gvPb, ê‡`wkK gy`ªvi wiRvf©©
reducing unemployment problem, poverty alleviation,
e„w×mn †`‡ki A_©‰bwZK Dbœqb Z¡ivwš^ZKi‡Y e¨vcK Ae`vb
boosting up the foreign currency reserve. The lion share
of the foreign remittance comes from the countries of ivL‡Q| cÖevmx‡ì †cÖwiZ A‡_©i wmsnfvMB Av‡m ga¨cÖv‡Pï
Middle East. In this regard, Saudi Arabia has been in top †`kmg~n †_‡K| G‡¶‡Î MZ K‡qK eQi a‡i kx‡l© Ae¯’vb
position for the last couple of years. Next come the UAE Ki‡Q †mŠw` Avie| Gi c‡iB i‡q‡Q mshy³ Avie AvwgivZ
and the USA. Yet, recently, the inflow of remittance has Ges hy³ivóª| mv¤cÖwZK mg‡q gvj‡qwkqv, wm½vcyi, hy³ivR¨
increased from Malaysia, Singapore, UK, and some other I Ab¨vb¨ K‡qKwU †`k †_‡K †iwgU¨v‡Ýi cÖevn e„w× †c‡q‡Q|
countries. To explore new manpower export markets, miKvi bZzb bZzb kªgevRvi m„wói j‡¶¨ K~U‰bwZK cÖ‡Póv
the government has undertaken several steps through
diplomatic initiatives alongside establishing new labor MÖnYmn †ek wKQz cwiKíbv ev¯Íevqb, Av‡iv K‡qKwU †`‡k
wings in several countries. There is also an attempt to evsjv‡`k `~Zvev‡m bZzb kªg DBs †Lvjv, we‡`‡k Pvwn`v i‡q‡Q
impart training on various trades to create skilled labor Ggb Kv‡Ri Dc‡hvwM `¶ Rbkw³ ˆZixi j‡¶¨ wewfbœ †Uª‡W
force to meet the demand of labor markets abroad. cÖwk¶‡Yi D‡`¨vM Ae¨vnZ †i‡L‡Q|
Balance of Trade ê‡`wkK †jb‡`‡bi fvimvg¨
In the FY2012-13 balance of trade deficit recorded a 2012-13 A_©eQ‡ii RyjvB-†deªæqvwi mg‡q †`‡ki evwYR¨
decrease by 6.27 percent to US$ 4,707 million from NvUwZi cwigvY c~~e©eZ©x A_©eQ‡ii GKB mg‡qi 6,384
wgwjqb Wjvi †_‡K kZKiv 6.27 fvM n«vm †c‡q 4,707
US$ 6,384 million of the previous fiscal year. wgwjqb gvwK©b Wjv‡i ùvovq|
Money, Banking and Financial Sector gy`ªv, e¨vswKs I Avw_©K LvZ
With a view to making the financial sector strong †`‡ki A_©bxwZ‡Z Avw_©K LvZ‡K kw³kvjx Ki‡Yi Rb¨ wewfbœ
in our economy various reform activities are being ms¯‹vi Kvh©µg ev¯Íevqb Kiv n‡”Q| GQvovI mvgwMÖK e¨vswKs

Honorable Prime Minister Sheikh Hasina is receiving a donation cheque of ABL for Rana Plaza victims
from Professor Dr. Khondoker Bazlul Hoque, Chairman of Agrani Bank Limited
implemented. In order to make the overall banking eë¯’vi wfwË AviI gReyZ I kw³kvjx Kivi j‡¶¨ evsjv‡`k
foundation firmer and stronger, Bangladesh Bank has e¨vsK KZ…©K 2012-13 A_©eQ‡i (RyjvB-GwcÖj mg‡q) M„nxZ
taken following initiatives in the FY 2012-13: c`‡¶ç‡jv wbgœiƒct
Decision is taken to build up the strong capital base evwYwR¨K e¨vsK¸‡jvi g~jab wfwË‡K mymsnZ Ki‡Yi j‡¶¨
of commercial banks according to the Basel-II accord e¨v‡mj-2 bxwZgvjvi Av‡jv‡K g~jab ch©vßZvi ms‡kvwaZ
under capital adequacy policy for minimum capital bxwZgvjvq ewY©Z wb‡`©kbv Abyhvqx Zdwmwj e¨vsK mg~n
requirement and risk based assets determination KZ…©K b~¨bZg Avek¨K g~jab I SzuwKwfwËK m¤c` wbY©‡q
Standardized Approach, for market risk Standard
FY SzuwKi Rb¨ Standardized Approach, evRvi SzuwKi
Rb¨ Standardized Measurement Method Ges cwiPvjb
Measurement Method and for operating risk Basic
SzuwKi Rb¨ Basic Indicator Approach AbymiY Kivi
Indicator Approach has been taken to follow the above wm×všÍ MÖnY Kiv n‡q‡Q| GQvov wbKU fwel¨‡Z e¨v‡mj-3
approach. ev¯Íevqb Kivi RbÏ cÖ‡qvRbxq eë¯’v MÖnY Kiv n‡”Q|
To calculate capital adequacy, the scheduled banks Zdwmwj e¨vs‡Ki gv‡P©›U e¨vswKs, wmwKDwiwU †eªvKv‡iRmn
are instructed to prepare accounts on consolidated or evsjv‡`k e¨vsK KZ…©K Aby‡gvw`Z Ab¨vb¨ mvewmwWqvwi cÖwZôvb
solo basis including their merchant banking unit, and Gi g~jab ch©vßZv wnmvevq‡bi j‡¶¨ b¨vkbvj G¨vKvDw›Us
subsidiary companies approved by Bangladesh Bank ÷¨vÛvÛ© Abyhvqx Consolidated/Solo wfwË‡Z Avw_©K weeiYx
following National Accounting Standard. cÖ¯‘‡Zi wb‡`©kbv cÖ`vb Kiv n‡q‡Q|
Medium Term Prospect of Economy A_©bxwZi ga¨‡gqvw` m¤¢vebv
In the backdrop of the positive trend of world economy wek¦ A_©bxwZ we‡kl K‡i DbœZ we‡k¦i A_©bxwZ cÖe„w×i BwZevPK
especially the advanced economies, a Medium Term MwZavivi †cÖ¶vcU Ges evsjv‡`‡ki A_©bxwZi we`¨gvb Ae¯’v
Macroeconomic Framework (MTMF) for FY2014-18 we‡ePbv K‡i ga¨‡gqvw` mvgwóK A_©‰bwZK KvVv‡gv, 2014-
has been worked out taking into account the present
18 (Medium- Term Macro Economic Framework-MTMF,
situation of Bangladesh economy. In fact, MTMF
2014-18) cÖYqb Kiv n‡q‡Q| G MTMF cÖYqbKv‡j KwZcq
has been formulated based on some fundamental
assumptions.
AbywgwZi Dci wbf©i Kiv n‡q‡Q|
In the Medium Term Macroeconomic Framework, GDP MTMF G 2013-14 A_©eQ‡ii wRwWwc cÖe„w× 7.60 kZvsk
growth has been estimated at 7.60 percent for FY2013- cÖ‡¶cY Kiv n‡q‡Q hv 2015-16 A_©eQ‡i e„w× †c‡q 8.30
14, 8.30 percent for FY2015-16 and 9.10 percent for kZvsk I 2017-18 A_©eQ‡i 9.10 kZvsk DbœxZ n‡e g‡g©
FY2017-18. It is expected that, investment will increase Avkv Kiv n‡”Q| 2017-18 A_©eQ‡i wewb‡qvM eZ©gv‡b
98
from 25.80 percent of GDP in FY12-13 to 34.00 percent wRwWwcÕi cÖvq 25.80 kZvsk †_‡K e„w× †c‡q 34.00 kZvsk
in FY2017-18 where private and public investment will `vuov‡e e‡j Avkv Kiv hv‡”Q, hvi g‡a †emiKvwi wewb‡qvM
stand at 25.60 percent and 8.50 percent respectively. 25.60 kZvs‡k Ges miKvwi wewb‡qvM 8.50 kZvs‡k `vuov‡Z
Domestic savings are expected to increase to 24.20 cv‡i| Af¨šÍixY mÂq 2012-13 A_©eQ‡ii wRwWwcÕi cÖvq
percent from 20.90 percent and national savings will 20.90 kZvsk †_‡K 2017-18 A_©eQ‡i 24.20 kZvs‡k Ges
go up from 27.60 percent to 33.30 percent in the G mg‡q RvZxq mÂq wRwWwcÕi 27.60 kZvsk †_‡K 33.30
medium term.
kZvs‡k DbœxZ n‡e g‡g© cÖ‡¶cY Kiv n‡q‡Q|
Honorable Prime Minister Sheikh Hasina is receiving a donation cheque of ABL for disaster relief fund of GOB
from Syed Abdul Hamid, Managing Director & CEO of Agrani Bank Limited
Enhancing the development activities of the ga¨‡gqvw` G j¶¨gvÎv Abyhvqx wRwWwc AR©b m¤¢e n‡e g~jZt
government especially smooth development of miKv‡ii Dbœqbg~jK Kg©KvÛ †Rvi`viKiY we‡kl K‡i we`y¨r
power, energy, communication sector, expansion and I †hvMv‡hvMmn Ab¨vb¨ AeKvVv‡gv Lv‡Z mymgwš^Z Dbœqb, K…wl
easier bank lending condition for the higher growth of
agriculture, boosting the remittance growth, expanding
Lv‡Z cÖe„w× AR©‡bi j‡¶¨ K…wl F‡Yi m¤cÖmviY I mnRxKiY,
private entrepreneurship and huge domestic demand †iwgU¨vÝ Gi D”P cÖe„w×, e¨w³ D‡`¨v‡Mi µgvMZ cÖmvi Ges
are crucial for achieving the desired growth of GDP. Af¨šÍixY Pvwn`vi e¨vcKZv| cvkvcvwk miKv‡ii Kvh©Ki
Besides, effective monetary policy of the government, gy`ªvbxwZi cÖ‡qvM, myôy e¨q eë¯’vcbv I wewfbœg~Lx ms¯‹vi
effective cost management, keeping up ongoing Kg©KvÛ ev¯Íevqb Ae¨vnZ ivLv Ges evwl©K Dbœqb Kg©m~wPi
reform activities, and satisfactory implementation of m‡šÍvlRbK ev¯Íevqb, Abyrcv`bkxj I AcPqg~jK Lv‡Z
annual development programs, controlling the credit
F‡Yi †hvMvb wbqš¿Y Ges K…wl, ¶z`ª I gvSvwi D‡`¨vM LvZmn
flow to unproductive sector and ensuring adequate
Drcv`bkxj Ges AMÖvwaKvi Lv‡Z ch©vß †hvMvb wbwðZKi‡Yi
credit flow to agriculture, SME, productive and priority
sectors are expected to play a major role in achieving
wewfbœ c`‡¶c ga¨‡gqv‡ì j¶¨gvÎv Abyhvqx wRwWwc AR©‡b
the GDP in medium term. f‚wgKv ivL‡e g‡g© cÖZ¨vkv Kiv n‡”Q|
In agriculture sector, there was a consistent and positive MZ wZb eQi K…wl Lv‡Z cÖe„w×i avivevwnKZv eRvq wQj|
growth over the last three years. Huge government PjwZ eQi K…wl Lv‡Z cÖe„w× Avkvbyiƒc bv n‡jI K…wl Lv‡Z
support such as formulating the policy of agriculture and †UKmB cÖe„w× AR©‡bi j‡¶¨ e¨vcK miKvwi mnvqZv †hgb-
rural credit resulting in easy disbursement of agriculture
K…wl FY weZiY mnRZi Kivq Ges bZzb welq mwbœ‡ek K‡i
credit, uninterrupted power supply for irrigation,
stimulation to cultivate alternative crops, development ewa©Z K‡je‡i K…wl I cjøx FY bxwZgvjv I Kg©m~wP cÖYqb,
of fishery and livestock, innovation of new variety of Avg`vwb weKí dmj Pv‡l evowZ Drmvn cÖ`vb, grm¨ I cÖvwY
salinity as well as adverse weather tolerant seed, flow m¤c` Dbœqb, ch©vß fZz©wK cÖ`vb, †m‡Pi Rb¨ wbiew”Qbœ
of agricultural credit, and increasing assistance to agro- we`y¨r mieivn, K…wl F‡Yi cÖevn e„w×, cÖwZK~j AvenvIqv

Finance Minister AMA Muhith, MP, is inaugurating new office premises of Laldighirpar Corporate Branch, Sylhet
based industries contributed significantly towards I jeYv³Zv mwnòz exR D™¢veb Ges K…wl wfwËK wk‡íi
achieving sustainable growth in agriculture sector. weKv‡k mnvqZv cÖ`vb cÖf…wZ Ae¨vnZ i‡q‡Q|
The estimated government expenditure stood at 18.10 PjwZ A_©eQ‡i miKvwi e¨‡qi ms‡kvwaZ j¶¨gvÎv (wRwWwci
percent of GDP in FY 2012-13 which was expected to 18.10 kZvsk) †_‡K 2013-14 A_©eQ‡i wRwWwcÕi 18.80
be 18.80 percent in FY 2013-14. The target for FY 2017- kZvs‡k Ges µgvš^‡q 2017-18 A_©eQ‡i wRwWwcÕi 20.60
18 has been set at 20.60 percent of GDP. Against this, kZvs‡k DbœxZ Kivi j¶¨gvÎv wbav©iY Kiv n‡q‡Q| Zb¥‡a¨
expenditure on Annual Development Programme is evwl©K Dbœqb Kg©m~wP e¨q wRwWwcÕi 4.80 kZvsk †_‡K
planned to be increased from 4.80 percent of GDP
2017-18 A_©eQ‡i wRwWwcÕi 7.00 kZvs‡k †bqvi cwiKíbv
in FY2012-13 to 7.00 percent of GDP in FY2017-18.
i‡q‡Q| mvwe©Kfv‡e AvMvgx A_©eQ‡ii ev‡RU NvUwZ wRwWwcÕi
The budget deficit is estimated at 4.70 percent for the
upcoming fiscal year and subsequently, it is projected
4.70 kZvsk Ges ga¨‡gqv‡` NvUwZ µgvš^‡q Av‡iv n«vm †c‡q
to shrink at 4.20 percent. Borrowing from the banking 4.20 kZvs‡ki g‡a¨ _vK‡e e‡j cÖv°jb Kiv n‡q‡Q| µgvš^‡q
system is being reduced and this will continue in future NvUwZ A_©vq‡b e¨vsK eë¯’v †_‡K FY MÖnY n«vm cv‡”Q Ges
as well for deficit financing. In this regard, importance fwel¨‡ZI Zv n«v‡mi cwiKíbv i‡q‡Q| G j‡¶¨ mnR k‡Z©
is given to get credit on easy terms & conditions and FY MÖn‡Yi Ici AwaK ¸iæZ¡v‡ivc Kiv n‡”Q| cvkvcvwk
priority has been given to foreign assistance which cvBc jvB‡b _vKv cÖwZkÖæZ ê‡`wkK mnvqZv Qv‡oi j‡¶¨
were committed and in pipe line. Effort is also given Kvh©Ki c`‡¶c MÖn‡Yi welqwU miKv‡ii we‡ePbvq i‡q‡Q|
to attract the direct foreign investment. Publicity is mivmwi we‡`kx wewb‡qvM AvKl©‡Yi cÖ‡PóvI †Rvi`vi Kiv
enhancing regarding Diaspora Bond with a view to n‡”Q| e¨vsK ewnf©~Z Drm †_‡K A_©vqb e„w× I e¨vswKs Lv‡Zi
increasing finance from non-bank sources and reducing Dci miKv‡ii wbf©ikxjZv Kgv‡bvi Rb¨ eZ©gvb Diaspora
dependency from banking sector. Formulation of Debt eÛmg~‡ni cÖPviYv Av‡iv †Rvi`vi Kivi †Póv Pj‡Q| FY
Management Strategy (DMS) is under consideration eë¯’vcbv cwiex¶‡Yi ¶gZv e„w×i j‡¶¨ Debt Management
to improve supervisory power of debt management. Strategy (DMS) cÖYqb cÖwµqvaxb i‡q‡Q ga¨‡gqvw` mvgwóK
Increase of remittance and export flow have been taken
A_©‰bwZK KvVv‡gv‡Z †iwgU¨vÝ I ißvwb cÖev‡ni e„w×‡K
into consideration in MTMF at the same time; importing
we‡ePbv Kiv n‡q‡Q| GKB m‡½ †`‡ki wfZ‡i wewfbœ Dbœqb
capital machinery and industrial raw material have been
given importance for infrastructure development within
AeKvVv‡gv wbg©v‡Yi Rb¨ g~jab hš¿cvwZ I wkíRvZ KvuPvgvj
the country. Avg`vwb e„w× Kivi cÖ‡qvRbxqZvi welq we‡ePbv Kiv n‡q‡Q|
Digital Bangladesh wWwRUvj evsjv‡`k
Its true meaning lies in proper application of cÖhyw³i mv_©K cÖ‡qv‡Mi gva¨‡g wk¶v, ¯^v¯’¨ I `vwi`ª
technology to implement all the commitments of the we‡gvPbmn miKv‡ii mKj cÖwZkÖæwZ c~i‡Yi g‡a¨ Gi A_©
100
government regarding education, health, employment I mv_©KZv wbwnZ| wWwRUvj evsjv‡`k-aviYvi Avmj D‡Ïk¨
and poverty alleviation. The main purpose of this idea
n‡jv cÖhyw³i mv_©K cÖ‡qvM K‡i RbM‡Yi ¶gZvq‡bi gva¨‡g
is to improve the standards of living of the people
by empowering them, ensuring transparency and Zv‡ì RxebhvÎvi gv‡bvbœqb Kiv, mgv‡Ri mKj †¶‡Î ¯^”QZv
accountability in all spheres of life, establishing good- I `vqe×Zv wbwðZ Kiv, mykvmb cÖwZôv Kiv Ges m‡e©vcwi
governance and above all, bringing public services
RbM‡Yi †`vi‡Mvovq mKj †mev †cuŠ‡Q †`qv| ms‡¶‡c ej‡Z
to their doorsteps through the most effective use of
technology. In short, Digital Bangladesh is – a happy †M‡j, wWwRUvj evsjv‡`k n‡jv myLx-mg„× I Av‡jvwKZ
prosperous and enlightened Bangladesh, which is free evsjv‡`k, †h †`k n‡e mKj gvby‡li Z‡i, †hLv‡b ¶zav,
from hunger, poverty, inequality and corruption and
`vwi`ª, AmgZv I `ybx©wZ _vK‡e bv Ges †h †`k wWwRUvj
belongs completely to its people and is driven forward
by digital technology. cÖhyw³ cÖ‡qv‡Mi gva¨‡g mvg‡bi w`‡K GwM‡q hv‡e|
Chairman of ABL Professor Khondokar Bazlul Haque is extending coperating hands to

Abdul Matin (Vasha Matin), the hero of our Language Movement of 1952
Perspective Plan 2010-2021 †cÖw¶Z cwiKíbv 2010-2021

The Government keeping in view the Golden Jubilee of ¯^vaxbZvi myeY© RqšÍx‡K mvg‡b †i‡L miKvi Ôevsjv‡`k
Independence has formulated “Bangladesh Perspective †cÖw¶Z cwiKíbv 2010-2021Õ kxl©K cwiKíbv `wjj cÖYqb
Planning 2010-2021”, in the light of Vision-2021 to
K‡i‡Q| evsjv‡`‡ki A_©‡bwZK I mvgvwRK Dbœq‡bi mywbw`©ó
attain a definite set of objectives that relate to economic
and social development of Bangladesh. The document j¶¨ AR©‡bi R‡b¨B iƒcKí-2021| G cwiKíbvq †`‡ki
reflects the hopes and aspirations of common people KvswLZ Dbœq‡bi †KŠkjMZ j¶¨gvÎv mg~n D‡jøL K‡i
which has been given the top priority and incorporates
Avcvgi Rbmvavi‡Yi Avkv-AvKvsLv‡K m‡e©v”P AMÖvwaKvi
the development philosophy of the government,
its longterm vision and strategic goals of desired
w`‡q RvwZi `xN©‡gqv`x Dbœqb `k©b I ¯^‡cœi cÖwZdjb Kiv
development. The fundamental objective of this long n‡q‡Q| G `xN©‡gqv`x iƒcK‡íi †gŠwjK D‡Ïk¨ n‡”Q D”PZi
term plan is to alleviate poverty by achieving higher cÖe„w× AR©‡bi gva¨‡g `vwi`ª we‡gvPb Ges 2021 mv‡ji g‡a¨
growth and to turn Bangladesh into a medium income
evsjv‡`k‡K GKwU ga¨ Av‡qi †`‡k cwiYZ Kiv †hLv‡b `vwi`ª
country where poverty will be brought to the minimum
and regional disparity in the sphere of economic me©wb¤œ chv©‡q Ae¯’vb Ki‡e Ges A_©‰bwZK Dbœq‡b AvÂwjK
development will be reduced significantly. êlg¨ K‡g hv‡e|

Zonal & Corporate Branch Head Conference 2013 of Agrani Bank Limited is inaugurated
by the Professor Dr. Khondoker Bazlul Hoque
The plan contains necessary strategies to overcome ga¨ Av‡qi †`‡k iƒcvšÍ‡ii P¨v‡jÄ †gvKv‡ejv I Gi R‡b¨
the challenges in terms of turning the country into a cÖ‡qvRbxq †KŠkjmg~n i‡q‡Q G cwiKíbvq| Gi cÖavb
medium income economy. The major goals of this jÿ¨¸‡jv n‡”Q: 2021 mvj bvMv` cÖe„w×i nvi 10 kZvs‡k
vision are: to accelerate the growth rate upto 10 percent
DbœxZ Kiv, gv_vwcQz Avq 2,000 gvwK©b Wjv‡i DbœxZ Kiv,
by 2021, to raise per capita income upto $ 2000, to
reduce the number of population living under poverty
`vwi`ª¨ mxgvi wb‡P emevmKvix RbM‡Yi msL¨v 13.50 kZvs‡k
line to 13.50 percent, to reduce unemployment rate bvwg‡q Avbv, †eKviZ¡ nvi 15 kZvs‡k bvwg‡q Avbv, evwl©K
into 15 percent, to increase annual per head electricity gv_vwcQz we`y¨r eënvi 600 wK‡jvIqvU N›Uvq DbœxZ Kiv Ges
consumption to 600 Kilowatt hour and to strengthen IT wWwRUvj evsjv‡`k MV‡bi Rb¨ Z_¨cÖhyw³ eë¯’v‡K kw³kvjx
sector for building a digital Bangladesh. Kiv|
Emergence of Agrani Bank Limited AMÖYx e¨vsK wjwg‡U‡Wi AvZ¥cÖKvk
Agrani Bank Limited (ABL) was incorporated as a 17 †g 2007 Zvwi‡L AMÖYx e¨vsK GKwU cvewjK wjwg‡UW
State Owned Commercial Bank (SCB) on 17 May †Kv¤úvwb wn‡m‡e AvZ¥cÖKvk K‡i| ÔAMÖYx e¨vsK wjwg‡UWÕ cÖv³b
2007 under the Companies Act 1994. Agrani Bank
ÔAMÖYx e¨vsKÕ- Gi eëmv, m¤ú`, `vq, AwaKvi I KZ…©Z¡ AwaMÖnY
emerged as a Nationalized Commercial Bank (NCB)
following the Bangladesh Banks (Nationalization) K‡i| 1972 mv‡j evsjv‡`‡k e¨vsK mg~n RvZxqKiY Av‡`k e‡j
Order 1972 vide President’s Order No. 26 of 1972. (†cÖwm‡W‡›Ui AW©vi bs 26, 1972 mvj) AMÖYx e¨vsK cÖwZwôZ
On a going concern basis ABL took over the business, nq| AwaMÖn‡Yi KvR m¤úbœ nq 15 b‡f¤î 2007 mv‡j GKwU
assets, liabilities, rights and obligations of Agrani Bank
†fÛi Pzw³i gva¨‡g †hLv‡b MYcÖRvZš¿x evsjv‡`k miKv‡ii A_©
through a vendor’s agreement signed on 15 November
2007 between the Ministry of Finance of the People’s
gš¿Yvjq wQj AMÖYx e¨vsK- Gi c‡ÿ Ges AMÖYx e¨vsK wjwg‡UW
Republic of Bangladesh & the Board of Directors of ABL Gi c‡ÿ wQj Gi cwiPvjbv cwil`| GB AwaMÖnY f‚Zv‡cÿfv‡e
with retrospective effect from 1 July 2007. Kvh©Ki Kiv nq 1 RyjvB 2007 †_‡K|
All shares of the Bank are held by the Government e¨vs‡Ki mg¯Í †kqv‡ii gvwjK MYcÖRvZš¿x evsjv‡`k miKvi
of the People’s Republic of Bangladesh and 12 other Ges AviI 12 Rb †kqvi‡nvìvi huviv miKvi KZ„©K g‡bvbxZ|
shareholders (with one share is the qualification share
GB 12 R‡bi cÖ‡Z¨‡KB gvÎ GKwU K‡i †kqv‡ii aviK hv
required to become a director nominated by the
Government. cwiPvj‡Ki †hvM¨Zvg~jK †kqv‡ii b~¨bZg cwigvY|
102
Shareholders’ Equity †kqvi‡nvìviÕm BKz¨BwU
The shareholders’ equity of the Bank as on 31 December 2013 mv‡ji wW‡m¤î †k‡l e¨vs‡Ki †gvU †kqvi †nvìvi‡ì
2013 stood at Tk 3,564 crore. The paid-up capital of the
BKz¨BwUi cwigvY wQj 3,564 †KvwU UvKv| A_© gš¿Yvj‡qi
Bank has increased by 1,081 crore which was contributed
by the Ministry of Finance, Government of Bangladesh. KZ©„K 1,081 †KvwU UvKv cÖ`v‡bi d‡j cwi‡kvwaZ g~jab 991
As a result, the paid up capital of the bank increased from
†KvwU UvKv †_‡K e„w× †c‡q 2,072 †KvwU UvKvq DbœxZ n‡q‡Q|
Tk 991 crore to Tk 2,072 crore.
Funding Structure Znwej KvVv‡gv
The year-end funding structures of the Bank in 2012 2012 Ges 2013 mv‡ji †k‡l e¨vs‡Ki Znwej KvVv‡gv wQj
and 2013 are given below: wb¤œiƒct
Taka in crore
Sources of Fund 2013 2012
Deposits 34,867.52 29,242.92
Paid-up-Capital 2,072.29 991.29
Revaluation & Amortization Reserve in Govt. Securities 57.36 11.72
Assets Revaluation Reserve 1,107.03 753.20
General Reserve 0.50 0.50
* Retained Surplus from Profit and Loss Account (224.93) (1,454.35)
Total 38,431.61 29,959.26
Asset Portfolio m¤ú‡ì †cvU©‡dvwjI

The year-end asset portfolio scenarios of the Bank in 2012 Ges 2013 mv‡ji †k‡l e¨vs‡Ki m¤ú‡ì †cvU©‡dvwjI
2012 and 2013 are appended below: wQj wb¤œiƒct
Taka in crore Crore Taka
Particulars of Assets 2013 2012

Loans and Advances 20,296.54 21,266.30
Investments 14,992.86 9,241.98
Fixed Assets 1,524.80 1,138.07
Money at Call and short notice 245.00 270.00
Cash in Hand and with other
3,837.97 2,597.67
Banks & FIs
Other Assets 3,518.49 3,357.62
Total 44,415.66 37,871.64
Business Performance eëmvq AMÖMwZ

a) Deposits K) AvgvbZ
At the end of December 2013, the deposit of the Bank 2013 mv‡ji wW‡m¤î †k‡l e¨vs‡Ki Avgvb‡Zi cwigvY wQj
stood at Tk. 34,867.52 crore compared to Tk. 29,242.92
crore at the end of previous year leading to a year-on-
34,867.52 †KvwU UvKv hv MZ eQi wQj 29,242.92 †KvwU
year growth in deposit of 19.24 percent. Given the UvKv| G‡Z Avgvb‡Zi cÖe„w×i nvi `vuovq 19.24 kZvsk|
adverse economic scenario of the country during the Av‡jvP¨ eQ‡ii g›`v cwiw¯’wZ m‡Ë¡I Avgvb‡Zi cÖe„w×i nvi
year under review, this growth rate is a remarkable
achievement. wQj D‡jøL‡hvM¨|
In the prevailing situation, mobiliziation of deposits Pjgvb Ae¯’vq AvgvbZ msMÖn AZ¨šÍ cÖwZ‡hvwMZvg~jK welq
became highly competitive and as a result, the average
cost of fund for the banks in the private sector increased n‡q ùvwo‡q‡Q| c~e©eZx© eQ‡ii Zzjbvq Znwej e¨q e„w×

compared to that of the previous year. The Bank, †c‡q‡Q| G Kvi‡Y wb¤œ e¨q mv‡c¶ AvgvbZ msMÖ‡ni c`‡¶c
therefore, decided to mobilize low cost fund. The deposit †bqv n‡q‡Q| 31 wW‡m¤î 2013 mv‡j e¨vs‡Ki Avgvb‡Zi wPÎ
mix of the Bank as on 31 December 2013 was as follows:
wb¤œiƒc:
Taka in crore †KvwU UvKvq
Types of Deposits 2013 2012 Avgvb‡Zi aiY 2013 2012
Current & other Deposits 3,450.88 4,033.75 PjwZ Ges Ab¨vb¨ AvgvbZ 3,450.88 4,033.75
Savings Bank Deposits 9,523.72 8,925.53 mÂqx AvgvbZ 9,523.72 8,925.53
Fixed Deposits 21,407.20 15,812.91 †gqv`x AvgvbZ 21,407.20 15,812.91
Bills Payable 485.72 470.73 cÖ‡`q wej 485.72 470.73
Total 34,867.52 29,242.92 ‡gvU 34,867.52 29,242.92
Crore Taka
b) Asset Quality L) m¤ú‡ì gvb

The Bank maintained quality of asset and this is one AMÖYx e¨vsK wjwg‡UW m¤ú‡ì ¸YMZ gvb i¶v K‡i P‡j‡Q
of the strong areas of its operation. The Bank did not hv Gi cwiPvjbv kw³i GKwU w`K| m¤ú‡ì gvb wbwðZ
compromise with its standard of excellence in terms K‡iB e¨vsK †_‡K FY †`qv nq| A_©vr e¨vs‡Ki m¤ú‡ì
of maintaining asset quality while extending credit DrKl©Zvi gv‡bi cÖ‡kœ KLbI Av‡cvl Kiv nq bv| m¤ú‡ì
facilities. In order to improve the quality of our assets, ¸YMZ gvb e„w×i Rb¨ eëmv I evwY‡R¨ FY †`qv‡K e¨vsK
the Bank Management has prioritised financing in trade AMÖvwaKvi w`‡”Q Ges G‡¶‡Î PjwZ g~jab FY cÖ`vb Ki‡Q|
and commerce by providing working capital. Moreover, bZzb †kªYxweb¨vwmZ F‡Yi cwigvY e„w× †ivaK‡í Ges cyi‡bv
some pragmatic steps have been taken to reduce non- †kªYxweb¨vwmZ F‡Yi UvKv Av`vq c~e©K Kwg‡q Avbvi Rb¨
performing loans as well as to prevent new classification
we‡kl eë¯’v †bqv n‡q‡Q|
thereof.
M) AvšÍR©vwZK evwYR¨
c) International Trade
Agrani Bank Limited has earned full confidence of AMªYx e¨vsK wjwg‡UW 40wU GwW kvLvi gva¨‡g mdjfv‡e
importers and exporters of the country by conducting AvšÍR©vwZK evwYR¨ msµvšÍ Kvh©vejx m¤úv`b K‡i †`‡ki
its foreign trade related activities successfully through
Avg`vwb I ißvwbKviK‡ì c~Y© Av¯’v AR©b Ki‡Z m¶g
40 authorized dealer branches across the country. For
performing the international trade related business n‡q‡Q| `¶fv‡e AvšÍR©vwZK evwYR¨ m¤úv`b Kivi Rb¨ we‡k¦i
skilfully, the bank has a large network of 396 foreign wewfbœ †`‡k e¨vs‡Ki 396wU we‡`wk K‡imc‡ÛU i‡q‡Q|
correspondent in the several countries of the world. ZvQvovI AMÖYx e¨vsK wjwg‡UW we‡k¦i L¨vZbvgv e¨vsK¸‡jvi
Besides this, the bank is maintaining 41 nostro accounts
with the world reputed banks. mv‡_ 41wU b‡÷ªv GKvD›Um cwiPvjbv Ki‡Q|
d) Import-Export Business N) Avg`vwb-ißvwb eëmv

The import business stood at Tk. 15,947 crore in 2013. 2013 mv‡j Avg`vwb eëmvq A_©vqb n‡q‡Q 15,947 †KvwU
The export business was Tk. 7,845 crore in 2013. UvKv Ges ißvwb eëmvq A_©vqb Kiv n‡q‡Q 7,845 †KvwU UvKv|
e) Foreign Remittance Business O) †iwgU¨vÝ eëmv

Agrani Bank Limited has achieved positive growth Ae¨vnZ A_©‰bwZK g›`vi Kvi‡Y MZ eQ‡ii Zzjbvq †`‡ki
104
in remittance business though remittance inflow in †iwgU¨vÝ cÖev‡n FYvZ¥K cÖe„w× m‡Ë¡I AMÖYx e¨vsK wjwg‡UW
our country slowed down last year due to continuous †iwgU¨vÝ Avni‡Y BwZevPK cÖe„w× AR©‡b m¶g n‡q‡Q| 2013
recession in world economy. We received foreign
m‡b e¨vs‡Ki AwR©Z †iwgU¨v‡Ýi cwigvY 1,622.58 wgwjqb
remittance for USD 1,622.58 million in the year 2013
with a growth rate of 13.68 percent out of USD 1,427.33
gvwK©b Wjvi, hv 2012 m‡b wQj 1,427.33 wgwjqb gvwK©b
million of year 2012. Like year 2012, also in 2013 Agrani Wjvi, †hLv‡b cÖe„w×i nvi 13.68 kZvsk| AMÖYx e¨vsK
Bank Limited has been secured as the first among the wjwg‡UW †iwgU¨vÝ Avni‡Y 2012 mv‡ji b¨vq 2013 m‡bI
State Owned Commercial Banks and stood second ivóªxq gvwjKvbvaxb e¨vs‡Ki g‡a¨ cÖ_g Ges evsjv‡`‡ki mKj
among the banks of Bangladesh. Our contribution e¨vs‡Ki g‡a¨ 2q Ae¯’vb a‡i †i‡L‡Q| wW‡m¤î 2013 mgvß
to the national figure of remittance business is 11.73 eQ‡i †`‡ki †gvU †iwgU¨vÝ cÖev‡n AMÖYx e¨vs‡Ki Ae`vb
percent for the year ended on 31 December 2013 and 11.73 kZvsk, hv e¨vs‡Ki weMZ 5 eQ‡ii g‡a¨ m‡e©v”P|
it is the highest in the last five years of ABL. ABL’s easy
GB D‡jøL‡hvM¨ AMÖhvÎv m¤¢e n‡q‡Q Sv‡gjvgy³, mnR Ges
but instant online remittance distribution system has
enabled to achieve this development in this portfolio. Zvr¶wYK Ab-jvBb †iwgU¨vÝ weZiY eë¯’vi Kvi‡Y| weMZ
Agrani’s contribution in context of global achievement K‡qK eQ‡i †`‡k †gvU †iwgU¨vÝ cÖev‡ni †cÖw¶‡Z AÎ
in foreign remittance sector is given below: e¨vs‡Ki †iwgU¨v‡Ýi Zzjbvg~jK wPÎ wb¤œiƒct
Global Remittance for the years 2009, 2010, 2011, 2012 & 2013 million USD
Year Global ABL %
2009 10,743.03 813.34 7.57
2010 10,739.95 9 89.33 9.21
2011 12,168.09 1,167.76 9.60
2012 14,176.91 1,427.33 10.07
2013 13,831.65 1,622.58 11.73
To keep the present growth rate up ABL has tied up with †iwgU¨vÝ eëmvq AMÖMwZ a‡i ivLvi Rb¨ AMÖYx e¨vsK wjwg‡UW
four new Foreign Exchange Houses in 2013. Besides, 2013 m‡b 4wU bZzb we‡`wk G·‡PÄ nvD‡Ri mv‡_ Pzw³e×
it is good to inform that Agrani Exchange Company n‡q‡Q| G Qvov b‡f¤î 2013 n‡Z AMÖYx G·‡PÄ †Kv¤úvwb
(Australia) Pty. Limited a subsidiary of ABL has clicked (A‡óªwjqv) wcwUIqvB. wjwg‡UW Gi gva¨‡g †iwgU¨vÝ †cÖiY ïiæ
to operation since November, 2013. At present, the
number of ABL’s remmitance business partners along
n‡q‡Q| eZ©gv‡b AÎ e¨vs‡Ki wbR¯^ 3wU G·‡PÄ nvDRmn
with its own 3 subsidiaries stands at 56. †gvU Pzw³e× †iwgU¨vÝ nvD‡Ri msL¨v 56wU|
In line with expansion policies ABL has already undertaken †iwgU¨v‡Ýi me©e„nr evRvi ga¨cÖvP¨ we‡klZ: †mŠw` Avi‡e
a step to open an own remittance house in the largest AMÖYx e¨vsK wjwg‡UW Gi wbR¯^ GKwU G·‡PÄ nvDR †Lvjvi
market of remittance in Saudi Arabia. In addition to that cÖv_wgK Kvh©µg ïiæ n‡q‡Q| ga¨cÖv‡P¨ AMÖYx e¨vs‡Ki mv‡_
most of our Middle East partners come up with their Web m¤úK©hy³ †iwgU¨vÝ nvDR¸‡jv Web Based Remittance
Based live remittance product and that invariably will c×wZi gva¨‡g †iwgU¨vÝ †cªiY ïiæ K‡i‡Q hv ga¨cÖvP¨ ‡_‡K
be a catalyst to the Middle East based remittance flow. †`‡k AwaK †iwgU¨vÝ †cªi‡Y mnvqK n‡e| wb‡¤œ MZ eQ‡i
Comparative studies of remittance business of different AMÖYx e¨vsK wjwg‡UWmn wewfbœ e¨vs‡Ki cÖvß †iwgU¨vÝ Gi
banks have been furnished below: weeiY †`qv n‡jvt
Bank wise Position of Remittance million USD
Year
Name of Bank
2009 2010 2011 2012 2013
Islami Bank (BD) Limited 2,251.22 3,012.00 3,171.31 3,913.07 3,576.57
Agrani Bank Limited 813.34 989.33 1,167.76 1,427.33 1,622.58
Sonali Bank Limited 1,034.65 1,264.42 1,227.04 1,426.07 1,552.61
Janata Bank Limited 818.02 760.30 950.37 1,221.47 1,326.84
Other Banks 5,825.80 4,713.90 5,651.61 6,188.97 5,753.05
Total 10,743.03 10,739.95 12,168.09 14,176.91 13,831.65
* Source: Bangladesh Bank Website

At the Zonal and Syed Abdul Hamid, MD & CEO is delivering key speech
Corporate Branch Head Conference 2013 of Agrani Bank Limited
Agrani Bank Limited has inaugurated 3rd outlet of Agrani AMÖYx e¨vsK wjwg‡UW †iwgU¨vÝ AvniY Kvh©µg cÖmvwiZ Kivi
Exchange House, Singapore at Jurong East a Bangladeshi Rb¨ 2013 m‡b Agrani Exchange House, Singapore
ethnic area and has launched 2nd branch of Agrani Gi evsjv‡`kx Aay¨wlZ Ryis B÷-G Z…Zxq kvLv Ges Agrani
Remittance House Sdn. Bhd., Malaysia at Penang a tourist Remittance House Malsysia Gi wØZxq kvLv ch©Ub I wkí
cum industrial hub. The third branch of this Exchange mg„× kni †cbvs-G Pvjy n‡q‡Q| D³ G·‡PÄ nvD‡Ri †Rvni
House at Johur Baru will be opened shortly. In Canada, evviæ‡Z Z…Zxq kvLv Lye kxNªB Pvjy n‡e| KvbvWvq AÎ e¨vs‡Ki
Agrani Remittance House Canada Inc. will launches wbR¯^ G·‡PÄ nvDR Agrani Remittance House Canada
its operation very soon. Moreover, agreements with Inc. Gi eëmvwqK Kvh©µg kxNªB ïiæ n‡e| GQvov hy³ivR¨ wfwËK
multinational Exchange Houses named RIA Financial, eûRvwZK Exchange House RIA FINANCIAL, hy³iv‡óªi
a UK based Company, Sigue Global services of USA, Sigue Global Services, `yevB Gi Joyalukkas Group Ges
Joyalukkas group of Dubai, CBL Money Transfer and UAE gvj‡qwkqv wfwËK CBL Money Transfer Ges UAE Exchange,
Exchange Centre of Malaysia are under process. Malaysia Gi mv‡_ †iwgU¨vÝ Pzw³ cÖwµqvaxb i‡q‡Q|
A huge number of Bangladeshi expatriates prefer to AÎ e¨vs‡Ki 899wU kvLvq AbjvBb †iwgU¨vÝ wWw÷ªweDkb
send money through ABL for its better exchange rate and †bUIqvK© _vKvq wcb †Kv‡Wi gva¨‡g †iwgU¨v‡Ýi A_© cwi‡kva
also for its online remittance distribution connectivity eë¯’v Pvjy i‡q‡Q| cÖwZ‡hvwMZvg~jK G·‡PÄ †iU cÖ`v‡bi
with all of its 899 branches having cash payment service Kvi‡Y wecyj msL¨K cÖevmx evsjv‡`kx AMÖYx e¨vs‡Ki gva¨‡g
over the counter by using Pin Code. To keep remittance †iwgU¨vÝ †cÖiY Ki‡Q| G aviv Ae¨vnZ ivLvi j‡¶¨ e¨vs‡Ki
flow up, ABL sponsors different incentive programs for †ewbwdwmqvwi/†iwgUvi‡ì Rb¨ wewfbœ ï‡f”Qv Dcnvi cÖ`v‡bi
its valuable customers. The country wise remittance gva¨‡g DØy×KiY Kg©m~wP cwiPvjbv Ki‡Q| 2013 mv‡j wewfbœ
received by ABL in the year 2013: †`k n‡Z AÎ e¨vs‡Ki cÖvß †iwgU¨v‡Ýi wPÎ wb¤œiƒc:
106
Country Wise Remittance in 2013
Taka in crore Crore Taka
Sl. No. Country name BDT
1 KSA 3,255.56
2 UAE 1,300.86
3 Malaysia 1,196.46
4 Singapore 1,133.13
5 Kuwait 955.51
6 Oman 207.30
7 Bahrain 193.17 119.76
8 Qatar 119.76
9 USA 67.68
10 Italy 36.00
11 Others 4,191.87
Total 12,657.30
f) Guarantee Business P) M¨vivw›U eëmv

In 2013, the Bank issued guarantees worth Tk. 794.06 2013 mv‡j M¨vivw›U eëmv‡q e¨vsK 794.06 †KvwU UvKvi
crore compared to Tk. 515.01 crore in the previous M¨vivw›U cÖ`vb K‡i, hvi cwigvY 2012 mv‡j wQj 515.01
year. The guarantees were issued in favour of different †KvwU UvKv| Dchy³ Rvgvb‡Zi wecix‡Z MÖvnK‡ì c‡¶ e¨vsK
government authorities, autonomous bodies,
KZ…©K wewfbœ miKvwi, ¯^vqËkvwmZ cÖwZôvb/ms¯’v, eûRvwZK
corporations, multi-national companies etc. against
proper securities on behalf of clients of the Bank. †Kv¤cvwbi AbyK~‡j M¨vivw›U cÖ`vb Kiv nq|
g) Fund Management and Treasury Operation Q) Znwej eë¯’vcbv I †UªRvwi Kvh©µg

As per the Central Bank’s Guidelines on Core Risk †K›`ªxq e¨vs‡Ki †Kvi wi¯‹ g¨v‡bR‡g›U MvBW jvBÝ Abyhvqx
Management Policy, the Bank has restructured its Ges AvšÍR©vwZK gv‡bi mv‡_ mvgÄm¨ †i‡L AÎ e¨vs‡Ki †UªRvwi
treasury functions into three sections i.e. i) Money
Kvh©µg‡K (i) gvwb gv‡K©U, (ii) d‡ib G·‡PÄ I (iii) K¨vwcUvj
Market, ii) Foreign Exchange (FX) and iii) Capital
Market or Equity Desk. Money Market is devoted to gv‡K©U ev BKz¨BwU †W¯‹-G wZbwU As‡k cybM©Vb Kiv n‡q‡Q|
maintaining CRR & SLR and buying and selling interest gvwb gv‡K©U CRR I SLR msi¶Y Ges my` wfwËK wmwKDwiwUR
A Jute Mill financed by Agrani Bank Limited

bearing securities. FX desk buys and sells foreign µq weµ‡qi mv‡_ m¤ú„³| d‡ib G·‡PÄ †W¯‹ ê‡`wkK
currencies. Equity desk deals with investment of equity gy`ªv µq weµq K‡i _v‡K| BKy¨BwU †W¯‹ †kqvi I BKz¨BwU‡Z
and shares. Overall treasury function operates through wewb‡qvM K‡i _v‡K| †UªRvwi wWwfk‡bi mvwe©K Kvh©µg 1)
three segments i) Treasury Front Office, 2) Treasury
Mid Office and 3) Treasury Back Office. Treasury Front
†UªRvwi d«›U Awdm, 2) †UªRvwi wgW Awdm I 3) †UªRvwi e¨vK
Office deals with operational activities, Mid Office for Awdm Gi gva¨‡g m¤úvw`Z n‡q _v‡K| †UªRvwi d«›U Awdm
regulations and monitoring, Back Office for settlement Acv‡ikbvj Kvh©µg, wgW Awdm †i¸‡jkb I gwbUwis Ges
and reconciliation. e¨vK Awdm †m‡Uj‡g›U I wiKbwmwj‡qk‡bi KvR K‡i _v‡K|
Treasury Division has been playing a very vital role e¨vs‡Ki AMÖMwZi †¶‡Î †UªRvwi wWwfk‡bi ¸iæZ¡ Acwimxg|
for the advancement of the Bank. Two major statutory
cÖavb `ywU mswewae× Rgv CRR I SLR msi¶‡Yi KvR †UªRvwi
requirements CRR and SLR are maintained efficiently
by this Division. Asset Liability Management is the most wWwfkb `¶Zvi mv‡_ K‡i _v‡K| m¤ú` I `vq eë¯’vcbvi gZ
important job done by the Treasury. A significant share AZ¨šÍ ¸iæZ¡c~Y© KvRwU †UªRvwi wWwfkb m¤úv`b K‡i| e¨vs‡Ki
of the total income of the Bank has been contributed by Av‡qi GKwU eo Ask †UªRvwi, gvwb gv‡K©U I d‡ib G·‡PÄ
this Division through money market and FX operations.
The treasury of the Bank is a major player both in the n‡Z AwR©Z nq| AÎ e¨vs‡Ki †UªRvwi wWwfkb AvšÍt e¨vsK gvwb
inter bank money market and foreign exchange market. gv‡K©U I d‡ib G·‡PÄ gv‡K©‡Ui Ab¨Zg mwµq m`m¨|
Item wise income of the Treasury Division in 2012 & wb‡gœ LvZ Iqvwi †UªRvwi wWwfk‡bi 2012 I 2013 mv‡ji Avq
2013 is shown below: cÖ`k©b Kiv nj:
Taka in crore
SL. NO. Items 2013 2012

1 Sale of Securities 32.60 63.54
2 Sale of Shares 1.57 1.29
3 Interest on Debenture 3.17 3.50
4 Discount on Treasury Bills & Bonds 120.18 64.71
a) Discount on Treasury Bills 115.20 2.16
b) Discount on Bangladesh Bank Bills 3.13 62.55
c) Discount on Treasury Bonds 1.85
5 Interest on Treasury Bonds 737.47 594.10
a) Interest on Jute Bonds 1.81 8.24
b) Interest on 2, 5, 10, 15 & 20 years Treasury Bonds 548.43 456.46
c) Interest on Kohinoor Bonds - 0.16
d) Interest on BPC Treasury Bonds 156.72 95.90
e) Interest on BJMC Treasury Bonds 30.51 33.34
6 Dividend Warrant 177.79 42.92
7 Interest on Subordinated Bonds 23.78 20.57
a) Prime Bank Bonds 2.06 2.07
b) MTBL Bonds 3.54 3.60
c) NBL Bonds 2.29 2.31
d) BRAC Bank Bonds 12.90 12.59
e) UCBL Bonds 2.89 -
f) One Bank Bonds 0.10 -
8 Interest on Other Bonds 9.93 13.78
a) Orascom Telecom Bonds 2.89 4.78
b) Northern Power Bonds 7.04 9.00
9 Interest on Reverse Repo 7.52 -
Total 1,114.01 804.41
108
A functioning and effective Asset Liability Management GKwU Kvh©Ki m¤ú` I `vq eë¯’vcbv KwgwU e¨vs‡Ki ‡gvU
Committee regulates and articulates the Bank’s total Znwe‡ji Pvwn`v, eënvi, my‡ì nvi wba©viY Ges m¤ú` I
need, exposures, rates and strategy for Asset Liability `vq eë¯’vcbvi Kg©‡KŠkj wba©viY K‡i| `¶Zv I weP¶YZvi
Management. An effective ALM process has enabled
mv‡_ G wWwfkb GKwU Kvh©Ki m¤ú` I `vq eë¯’vcbv c×wZi
the Bank to efficiently manage and project its asset and
liability flow, resulting in a smooth flow of all funding mvnv‡h¨ m¤ú` I `vq cÖev‡ni h_vh_ cwigv‡ci gva¨‡g Znwej
requirement of the bank while maximizing all profit cÖevn wbwðZ K‡i m¤fve¨ m‡e©v”P gybvdv AR©b K‡i _v‡K|
opportunities. Through a concerted effort the Treasury †UªRvwi wWwfk‡bi mgwš^Z cÖqv‡mi gva¨‡g e¨vs‡Ki m¤ú` I
Division has been functioning throughout the year and `vq eë¯’vcbv `¶Zv I weP¶YZvi mv‡_ wbiwew”Qbœfv‡e Kiv
are determined to keep it up for better management of
m¤¢e n‡”Q|
Bank’s Assets and Liabilities.
h) Investment R) wewb‡qvM
The investment portfolio of the Bank at the end of the 2013 mv‡j e¨vs‡Ki †gvU wewb‡qv‡Mi cwigvY wQj 14,992.86
year 2013 stood at Tk 14,992.86 crore as against Tk. †KvwU UvKv| c~e©eZ©x eQ‡i Gi cwigvY wQj 9,241.98 †KvwU
9,241.98 crore in the previous year, registering a growth
of 62.22 percent. The Bank has always given emphasis
UvKv| G †¶‡Î cÖe„w×i nvi 62.22 kZvsk| D”P my` cÖ`vbKvix
on high yielding investments and maintains Statutory wewb‡qv‡Mi cÖwZ eiveiB e¨vsK bRi w`‡q‡Q| evsjv‡`k
Liquidity Requirement (SLR) as fixed by Bangladesh e¨vs‡Ki weAviwcwW mvKz©jvi bs 11, ZvwiL 25 AvMó 2005
Bank vide BRPD circular no. 11 dated 25 August 2005
I bs 12, ZvwiL 25 AvMó 2005 Abyhvqx e¨vsK wewae× Zvij¨
and circular no. 12 dated 25 August 2005. The portfolio
of investment of the Bank as on 31 December 2013 is (†÷UzUwi wjKzBwWwU †iwkI) i¶v K‡i hv‡”Q| 2013 mv‡ji 31
shown below: wW‡m¤î e¨vs‡Ki wewb‡qvM cwiw¯’wZ wQj wb¤œiƒc:
Year eQi
Types of Securities wmwKDwiwUi aiY
2013 2012 2013 2012
Treasury Bills 2,906.31 673.22 †UªRvwi wej 2,906.31 673.22

Treasury Bonds 8,960.42 6,443.57 †UªRvwi eÛ 8,960.42 6,443.57
Government miKvwi AvšÍ:e¨vsK wi‡cv 956.89 0
Inter Bank REPO 956.89 0
Securities
Prize Bonds 1.62 1.38 cÖvBR eÛ 1.62 1.38
Sub-Total (A) 12,825.24 7,118.17 Dc-†gvU (K) 12,825.24 7,118.17
Other Bonds 199.74 148.00 Ab¨vb¨ eÛ 199.74 148.00
Non- Debentures 24.00 38.00 wW‡eÂvi 24.00 38.00
government †emiKvwi
Securities Shares 1,943.88 1,937.81 †kqvi 1,943.88 1,937.81
Sub-Total (B) 2,167.62 2,123.81 Dc-†gvU (L) 2,167.62 2,123.81
Total (A+B) 14,992.86 9,241.98 †gvU (K+L) 14992.86 2,167.62 Crore Ta

i) Loans and Advances S) FY I AwMÖg
The total loans and advances as on 31 December 2013 2013 m‡b FY I AwMÖ‡gi cwigvY wQj 20,296.54 †KvwU
was Tk. 20,296.54 crore as against Tk. 21,266.30 crore UvKv| c~e©eZx© eQ‡i Gi cwigvY wQj 21,266.30 †KvwU UvKv|
at the end of previous year. The advance portfolio of
e¨vs‡Ki F‡Yi AvIZvq i‡q‡Q wewfbœ †kªYxi FY Ges Zv
the Bank is well diversified and covers funding to a
wewfbœ Lv‡Z mÂvwjZ| eëmv I wk‡íi †h me Dc-Lv‡Z Zv
wide spectrum of business and industries including
agro-based and agro-processing, ship breaking, steel
mÂvwjZ n‡q‡Q †m¸‡jv n‡”Qt G¨v‡MÖv †eBRW Ges G¨v‡MÖv
& engineering, paper & paper products, chemicals, cÖ‡mwms wkí, kxc †eªwKs, w÷j Ges BwÄwbqvwis, †ccvi I
construction, real estate and loans under consumers’ †ccvi †cÖvWv±m, †KwgK¨vjm, wbg©vY, Avevmb, KbwRDgvi
credit schemes, various trading businesses, service- †µwWU ¯‹xg, wewfbœ eëmvwqK Kvh©µg, bvix D‡`¨v³v Ges
holders’ loan and women entrepreneurs of the country. PvKzwiRxex FY|
Sector-wise position of Loans and Advances as on 31 31 wW‡m¤î 2013 Zvwi‡L LvZ wfwËK FY I AwMÖ‡gi weeiY
December 2013 is shown below: wb¤œiƒc:
Sector-wise Loans 2013 2012 F‡Yi aiY 2013 2012
Agriculture and Fishery 972.07 864.64 K…wl I grm¨ 972.07 864.64
Jute and Jute goods 758.19 630.27 cvU I cvURvZ `ªe¨ 758.19 630.27
Transport, Storage and
174.27 150.03 cwienY, gRy` I †hvMv‡hvM 174.27 150.03
Communication
Ship Breaking 115.72 219.71 wkc †eªwKs 115.72 219.71
Textile and Readymade
1,947.77 2,675.42 e¯¿ I ˆZix †cvkvK 1,947.77 2,675.42
Garments
Food and Allied Industry 550.84 863.27 Lv`¨ Ges mswkøó wkí 550.84 863.27
Construction and
175.75 185.05 wbg©vY Ges cÖ‡KŠkj 175.75 185.05
Engineering
Pharmaceuticals and
345.41 298.07 Jla I imvqb 345.41 298.07
Chemicals
Leather 380.86 364.10 Pvgov LvZ 380.86 364.10
Power & Energy 1,119.90 1,180.42 we`y¨r LvZ 1,119.90 1,180.42
Professional and Services 236.95 182.27 †ckv I †mev LvZ 236.95 182.27
Housing 638.20 572.12 Avevmb 638.20 572.12
Wholesale/ Retail
2,833.58 2,152.78 cvBKvwi I LyPiv eëmv 2,833.58 2,152.78
Trading
Personal Loan (staff loan e¨w³MZ FY (÷vd †jvb
2,128.84 1,569.16 2,128.84 1,569.16
& other personal loan) Ges Ab¨vb¨ e¨vw³MZ †jvb)
Others 7,918.19 9,358.99 Ab¨vb¨ 7,918.19 9,358.99
Total 20,296.54 21,266.30 †gvU 20,296.54 21,266.30
The Bank attaches top-most importance to acquisition F‡Yi ¸YMZ gvb i¶vq e¨vsK m‡e©v”P ¸iæZ¡ w`‡q _v‡K|
of quality assets and carries out appropriate lending evwYwR¨K I eëmvwqK FY †`qvi mgq FY SzuwK we‡kølY h_vh_
risk analysis while approving commercial and trade
loans to clients. The matrix of advances of the Bank as fv‡e Kiv nq| 2013 mv‡ji 31 wW‡m¤^‡i F‡Yi wPÎ wb¤œiƒc
on 31 December 2013 was as follows: wQj:
110
Crore Taka
i. Industrial Credit i. wkí FY

Agrani Bank Limited as one of the state-owned ivóªxq gvwjKvbvaxb Ab¨Zg evwYwR¨K e¨vsK wn‡m‡e AMÖYx
commercial banks plays important role in implementing e¨vsK wjwg‡UW †`‡ki Dbœq‡bi Rb¨ miKv‡ii `ªæZ wkívqb
Govt’s rapid industrial policy for the overall bxwZ ev¯Íevq‡b ¸iæZ¡c~Y© f‚wgKv cvjb Ki‡Q| wkívq‡bi cÖvq
development of the country. It extends term loan as well
as working capital loan facilities almost in all sectors of mKj †¶‡Î G e¨vsK n‡Z ¯^Zš¿fv‡e I Kb‡mvwU©qvg/ wmwÛ‡Kkb
industrialization both individually and jointly with other eë¯’vq wewfbœ miKvwi I †emiKvwi e¨vsK Ges Avw_©K
goverment and private banks and financial institutions cÖwZôv‡bi mv‡_ †hŠ_fv‡e ga¨g I `xN©‡gqv`x cÖK‡í †gqv`x I
under consortium/ syndication arrangement. Credit PjwZ gyjab FY cÖ`vb K‡i _v‡K| G‡¶‡Î bZzb cÖKí ¯’vc‡b
facilities are made available not only in establishing FY cÖ`v‡bi cvkvcvwk we`¨gvb cÖK‡íi weGgAviB Ki‡YI FY
new projects but also in BMRE of existing projects.
A total sum of Tk 6,243.50 crore has been disbursed
cÖ`vb Kiv nq| G e¨vsK n‡Z wkí FY Lv‡Z 31 wW‡m¤î 2013
against a sanctioned amount of Tk 7,482.00 crore in ZvwiL ch©šÍ 2,716 wU cÖK‡í gÄywiK…Z FY 7,482.00 †KvwU
2,716 projects up to December 2013, the outstanding UvKvi wecix‡Z 6,243.50 †KvwU UvKv weZiY Kiv n‡q‡Q|
of which stands at Tk. 5,709.41 crore. hvi `vqw¯’wZ 5,709.41 †KvwU UvKv|
The comparative study of project loans between 2012 2012 I 2013 mv‡ji †k‡l cÖKí F‡Yi Zzjbvg~jK wPÎ
and 2013 is as follows: wb¤œiƒc:
Taka in crore
Loan Sanctioned Loan Disbursed
Year Outstanding
Number Amount Number Amount
2012 2,691 7,372.00 2,628 6,042.73 5,172.07
2013 2,716 7,482.00 2,646 6,243.50 5,709.41
Major Industrial Loan Sectors in 2013: 2013 mv‡j e¨vs‡Ki wkí F‡Yi cªavb LvZmg~nt
Agrani Bank Limited sanctioned loans in different AMÖYx e¨vsK wjwg‡UW n‡Z wewfbœ Lv‡Z wkí FY cÖ`vb Kiv nq|
sectors, the important ones of which are as follows: Gi g‡a¨ D‡jøL‡hvM¨ LvZmg~n wb¤œiƒc:
• Textiles (Spinning, Weaving, Dyeing, Knitting, • †U·UvBj (w¯úwbs, DBwfs, Wvwqs, wbwUs, wdwbwks)
Finishing) • ißvwbgyLx †cvlvK wkí
• Export-Oriented Garments Industry • †WBwi I †cvjwUª
• Dairy and Poultry • wjwRs

• Leasing • j¨vÛ †W‡fjcvi
• Land Developer • wdkvwiR
• Fisheries • †eªW GÛ we¯‹zU
• Bread and Biscuit • ivBm GÛ d¬vIqvi wgjm
• eid Kj
• Rice and Flour Mills
• d‡i÷ GÛ GjvBW
• Ice Mills
• dvg©vwmDwUK¨vjm
• Forest and Allied • cwienY
• Pharmaceuticals • weªKm
• Transportation • †nv‡Uj
• Bricks
• wk¶v
• Hotel
• `vwi`ª we‡gvPb
• Education
• ¶z`ª I KzwUi wkí
• Poverty Alleviation
• we`y¨r Drcv`b †K›`ª
• Small and Cottage Industries
• Power Plant • cøvw÷K GÛ ivevi
• Plastic and Rubber • wm‡g›U
• Cement • wmivwgK
• Ceramic • †ccvi GÛ †evW© wgjm
• Paper and Board Mills • U¨vbvwiR
• Tanneries • wcÖw›Us GÛ c¨v‡KwRs
• Printing and Packaging • BwÄwbqvwis
• Engineering • B‡jKwUªK¨vj GÛ B‡jKUªwbKm
• Electrical and Electronics
• Kw¤úDUvi
• Computer
• dzW GÛ GjvBW
• Food and Allied
• †KwgK¨vjm
• Chemicals
• nvmcvZvj I wK¬wbK
• Hospitals and Clinics
• Salt • jeY
• Telecommunication • †UwjKwgDwb‡Kkb
• Filling Station • wdwjs †÷kb
• Glass and Glass ware • Møvm GÛ Møvm Iq¨vi
• Commercial Building and Shopping Mall • evwYwR¨K feb I kwcs gj
ii. Credit Lines ii. †µwWU jvBbm

Apart from own source, Agrani Bank Limited utilizes AMÖYx e¨vs‡Ki wbR¯^ Drm QvovI wb‡¤œv³ †µwWU jvBb †_‡K
fund received from the following credit lines:
Znwej MÖnY K‡i FY weZiY K‡i‡Q:
• IDA Credit • AvBwWG †µwWU
• Exim Bank Credit • Gw·g e¨vsK †µwWU
• ADB Credit • GwWwe †µwWU
• OPEC Credit • I‡cK †µwWU
• Industrial Development Bond Fund • wkí Dbœqb eÛ Znwej
• BSCIC Consortium • wewmK Kb‡mvwU©qvg
• BSCIC Sub-Contracting • wewmK mve-K›UªvKwUs
112
• BSCIC Special Credit • wewmK we‡kl FY
• Light Engineering Credit (Direct BSCIC) • ¶z`ª cÖ‡KŠkj FY (mivmwi wewmK)
• Credit Guarantee Scheme • †µwWU M¨vivw›U ¯‹xg

Loans disbursed as on 31.12.2013 under the above †µwWU jvBbmg~‡ni AvIZvq 31.12.2013 ZvwiL wfwËK
credit lines are as follows: cÖ`Ë F‡Yi Z_¨wPÎ wb¤œiæc:

Number of Amount Znwe‡ji aiY cÖK‡íi msL¨v FY w¯’wZ
Types of Fund
Projects outstanding
Own Sources 987 5,538.41
wbR¯^ Drm 987 5,538.41
Other Credit Lines 1,729 171.00 Ab¨vb¨ ‡µwWU jvBbm& 1,729 171.00
iii. Loan to Power Sector iii. we`y¨r Lv‡Z FY cÖ`vb

Currently Power Sector is treated as the priority sector eZ©gv‡b we`y¨r LvZ †`‡ki AMÖvwaKvi LvZ wn‡m‡e wPwýZ|
of the country. This Bank has been playing a significant e¨vsK G Lv‡Z A_©vq‡b ¸iæZ¡c~Y© f‚wgKv cvjb Ki‡Q| 2013
role in financing this sector. Up to December 2013, mv‡ji wW‡m¤î ch©šÍ G Lv‡Z 9wU cÖK‡í †gvU 1,173.72 †KvwU
the bank has disbursed a total of Tk.1,173.72 crore in
UvKv FY weZiY Kiv n‡q‡Q hv n‡Z ˆ`wbK 621 †gMvIqvU
nine projects generating 621 MW electricity per day all
of which are duly linked with the national grid of the
we`y¨r Drcvw`Z n‡”Q Ges Zv RvZxq MÖx‡Wi gva¨‡g †`‡ki
country. wewfbœ AÂ‡j mieivn Kiv n‡”Q|
Agrani Bank Limited organized a workshop jointly with Islami Bank Bangladesh Limited on Islamic Banking & Finance
iv. Loan to Health Sector iv. ¯^v¯’¨ Lv‡Z FY cÖ`vb

Individual’s sound health is mandatory for the overall †`‡ki mvwe©K Dbœq‡bi Rb¨ cÖwZwU bvMwi‡Ki my¯^v¯’¨ GKvšÍ
development of the country. Sound health refreshes
both body and mind together and thereby instigates cÖ‡qvRb| my¯’ kixi †`n gb m‡ZR iv‡L Ges K‡g© †cÖiYv
motivation in daily work. Hence, to spread the medical †hvMvq| ZvB †`‡ki Avcvgi Rb‡Mvwôi Øvi cÖv‡šÍ ¯^v¯’¨ †mev
services to the doorsteps of mass people of the country, †cuŠ‡Q †`qvi cÖqv‡m e¨vsK KZ…©K G hver 30wU nvmcvZvj I
the bank has disbursed a total of Tk.155.91 crore so far
to 30 hospitals and clinics, the outstanding of which is wK¬wb‡K †gvU 155.91 †KvwU UvKv FY weZiY Kiv n‡q‡Q hvi
Tk.157.29 crore at the end of the year. ermiv‡šÍ `vqw¯’wZ 157.29 †KvwU UvKv|

Breast cancer awareness and screening program held in ABL head office premises on 16 January 2013
v. Syndication Financing v. wmwÛ‡Kkb FY

ABL has been playing an important role in implementing wmwÛ‡Kkb eë¯’vq eo eo cÖKí ev¯Íevq‡b AMÖYx e¨vsK
large project under syndication financing. Since 2005, wjwg‡UW †`‡k ¸iæZ¡c~Y© f‚wgKv cvjb K‡i Avm‡Q| G‡¶‡Î
the Bank has financed Tk.1,812.98 crore against 73 2005 mvj †_‡K jxW e¨vs‡Ki f‚wgKv cvjbmn wmwÛ‡Kkb/
projects up to December 2013 as the member bank Kb‡mvwU©qv‡g AskMÖnYKvix m`m¨ e¨vsK wn‡m‡e wW‡m¤î 2013
as well as lead arranger of syndication/consortium, the
ch©šÍ 73wU cÖK‡íi wecix‡Z 1,812.98 †KvwU UvKv A_©vqb
outstanding of which is Tk. 1,653.93 crore at the end of
the year. Kiv n‡q‡Q, hvi ermiv‡šÍ `vqw¯’wZ 1,653.93 †KvwU UvKv|
vi. Green Banking Financing vi. MÖxb e¨vswKs dvBb¨vwÝs
ABL extends credit facilities from its own source instead †mŠi kw³i eënvi Ges cwi‡ek evÜe weKí R¡vjvbx eënv‡ii
of availing refinancing facilities provided by Bangladesh gva¨‡g we`y¨r I M¨vm NvUwZ †gvKvwejvq Ges BU fvUvi Kve©b
Bank to establish project like Solar Panel, Bio-gas, wbM©gbmn wkí eR¨© n«vm K‡i cÖvK…wZK fvimvg¨ i¶v I Rb¯^v¯’¨
Effluent Treatment Plant and Hybrid Hoffman Kiln (HHK)
and similar technological projects. The Bank finances msi¶‡Yi ¯^v‡_© mn‡R I mnR k‡Z© †mŠikw³, ev‡qvM¨vm, eR©¨
in these sectors on easy terms and conditions for cwi‡kvab cøv›U Ges BU fvUvi Rb¨ Hybrid Hoffman Kiln
maintenance of ecological balance and public health by ev mggv‡bi cÖhyw³ m¤úbœ cÖKí ¯’vc‡b evsjv‡`k e¨vs‡Ki
reducing industrial wastages as well as carbon emission
of brick fields and through utilization of solar energy cybtA_©vqb myweav bv wb‡q e¨vs‡Ki wbR¯^ Znwej n‡Z FY
and environment-friendly alternative fuel to combat the cÖ`vb Kiv n‡”Q| 2013 mvj ch©šÍ †mŠikw³ Lv‡Z 93 Rb
deficiency of electricity & gas. The bank disbursed Tk FY MÖnxZvi AbyK‚‡j 46.99 j¶ UvKv, ev‡qvM¨vm Lv‡Zi 118
46.99 lac in 93 Solar Energy plants, Tk 221.36 lac in Bio-
Rb FY MÖnxZvi AbyK‚‡j 221.36 j¶ UvKv, Ges Hybrid
gas plant against 118 borrowers and Tk 920.80 lac in
Auto Brick fields using Hybrid Hoffman Kiln technology Hoffman Kiln cÖhyw³‡Z BU ˆZixi Rb¨ 2 Rb FY MÖnxZvi
against 2 borrowers respectively upto 2013. AbyK‚‡j 920.80 j¶ UvKv FY weZiY Kiv n‡q‡Q|
vii. SME Financing of ABL vii. GmGgB Lv‡Z AMÖYx e¨vsK wjwg‡U‡Wi A_©vqb
Agrani Bank Limited has formulated a set of regulations †`‡ki mvwe©K A_©‰bwZK cÖe„w× AR©‡bi j‡ÿ¨ ¶z`ª I
and guidelines on SME Financing complying with gvSvix wk‡í A_©vq‡bi D‡Ï‡k¨ evsjv‡`k e¨vs‡Ki wb‡`©kbvi
the Bangladesh Bank’s instruction. At present, Micro Av‡jv‡K AMÖYx e¨vsK wjwg‡UW GmGgB A_©vq‡bi Dci GK
¸”Q cÖweavbgvjv Ges bxwZgvjv ˆZwi K‡i| eZ©gv‡b ¶z`ª wkí/
Industry/Enterprise and Cottage Industry/Enterprise are
cÖwZôvb Ges KzwUi wkí/cÖwZôvb‡K GmGgB A_©vq‡bi AšÍf‚©³
also included in SME Financing. Our government has Kiv n‡q‡Q| evsjv‡`k miKvi GmGgB‡K GKwU AMÖvwaKvi
taken it as a thrust sector and given more emphasis on it. LvZ wnmv‡e MÖnY K‡i Gi Dci AwaK ¸iæZ¡v‡ivc K‡i‡Q|
114
Criteria of SME in ABL AMÖYxi GmGgB µvB‡Uwiqv
There are 4 criterias of SME in ABL, such as: AMÖYx e¨vsK wjwg‡UW Gi GmGgB µvB‡Uwiqv wb‡¤œv³ 4 ai‡bi:
(A) Medium Industry/Enterprise (ME) K) gvSvwi wkí/D‡`¨vM
(B) Small Industry/Enterprise (SE) L) ¶z`ª wkí/D‡`¨vM
(C) Micro Industry/Enterprise (MIE) M) gvB‡µv wkí/D‡`¨vM
(D) Cottage Industry/Enterprise (CIE): N) KzwUi wkí/D‡`¨vM
Some leather products of a project financed by Agrani Bank Limited
Three sectors in SME financing are as follows: GmGgB F‡Yi LvZ mg~n wb‡gœv³ 3 cÖKvi:
Service sectors: Hotel, restaurant, tailoring, laundry, †mev LvZt †nv‡Uj, †i÷z‡i›U, †UBjvwis, jwÛª, nvmcvZvj,
hospital, clinic, kindergarten, block and printing, tractor, wK¬wbK, wKÛviMv‡U©b, eøK GÛ wcÖw›Us, Uªv±i, cvIqvi wUjvi,
power tiller, irrigation equipment etc. †mP hš¿ BZ¨vw`|
Business sectors: Grocery shop, cloths shop, medicinal eëmv LvZ t gyw` †`vKvb, Kvc‡oi †`vKvb, Jl‡ai †`vKvb,
shop, plastic and synthetic shop, shop of spare parts, cøvw÷K I wmb‡_wU‡Ki †`vKvb, LyPiv hš¿vs‡ki †`vKvb, iW-
rods and cement business, furniture, agro-business wm‡g‡›Ui eëmv, dvwb©Pvi eëmv, K…wlRvZ cY¨, Ges Ab¨vb¨
and other income generating and socially acceptable
business. Avq Drmvwi I mvgvwRKfv‡e MÖnY‡hvM¨ eëmv|
SME Financing of ABL in 2013 Taka in crore

Outstanding Amount
Disbursement during 2013 Percent of
Disbursement Target 2013 as on Dec. 2013
Disbursement Rate
Small Enterprises 1,327.00 14,810 1,102.42 83.00 % 37,465 3,952.68
Medium Enterprises 603.00 271 301.07 50.00% 577 2,196.32
Total 1,930.00 15,081 1,403.49 73.00% 38,042 6,149.00
Industrial sectors: Cotton industry, jute industry, wkí LvZ t Kvco wkí, cvU wkí, Mv‡g©›Um, Pvj Kj, cøvw÷K
garments, rice mill, plastic industry, saw mill, light wkí, KivZ Kj, nvjKv cÖ‡KŠkj wkí, K…wl cÖwµqvKiY, wdW

engineering, agro processing, feed mill, furniture wgj, dvwb©Pvi wkí, Ges Ab¨vb¨ cwi‡ek evÜe I mvgvwRKfv‡e
industry and other socially acceptable and eco-friendly MÖnY‡hvM¨ eëmv|
business.
NGO Linkage Program of ABL GbwRI wjs‡KR †cÖvMÖvg

ABL is a pioneer Bank in expanding credits through the †hvM¨ GbwRI‡ì gva¨‡g FY Kvh©µg m¤úªmvi‡Y AMÖYx GKwU
competent NGOs. The Bank engaged different NGOs AMÖMvgx e¨vsK| e¨vsKwU GmGgB FY †mev m¤úªmvi‡Y wewfbœ
for expanding the SME credit services. Any potential GbwRI cÖwZôvb‡K wb‡qvwRZ K‡i‡Q| †h †Kvb †hvM¨ GbwRI
NGO can avail the credit facilities from this bank under
cÖwZôvb e¨vs‡Ki we`¨gvb wewagvjvi Av‡jv‡K GB FY myweav
the existing rules and regulations. The Bank has already
MÖnY Ki‡Z cv‡i| B‡Zvg‡a¨ e¨vsKwU GbwRI cÖwZôvb eª¨vK-
delivered a total loan of Tk. 920 millions to the BRAC
and 1,100 millions to MIDAS as wholesale credits with
†K 920 wgwjqb UvKv Ges gvBWvm- †K 1,100 wgwjqb UvKv
soft terms and conditions. As a retailer, they re-lent the FY cÖ`vb K‡i‡Q| wi‡UBjvi wn‡m‡e Gme GbwRI cÖwZôvb
same to the targeted SME people. GmGgB FY MÖnxZv‡ì gv‡S G FY cybt weZiY Ki‡Q|
Foreign Aided Credit Programs ê‡`wkK mvnvh¨cyó FY`vb cÖKí
The ABL has been utilizing its own fund and the foreign wKQz FY weZiY Kvh©µg cwiPvjbvi Rb¨ AMÖYx e¨vsK wjwg‡UW
fund for some credit operation. The credit programs e¨vs‡Ki wbR¯^ Znwej I ê‡`wkK Znwej eënvi K‡i‡Q|
namely EGPRP and MSFSCIP (Kurigram) are being BwRwcAviwc I GgGmGdGmwmAvBwc (KzwoMÖvg) cÖKí `yÕwU
successfully operated by the bank under the financial Bdv‡ì Avw_©K mnvqZvq mdjZvi mv‡_ cwiPvwjZ n‡”Q|
assistance of IFAD. Under the program EGPRP, the bank is BwRwcAviwc-Gi AvIZvq e¨vsKwU mviv †`‡k †gvU 179wU
extending credits to the people through its 179 branches. kvLvi gva¨‡g D‡`¨v³v‡ì gv‡S FY weZiY Ki‡Q|
Performance in SME Sector 2013 2013 mv‡j GmGgB Lv‡Z AR©b
In the year 2013, the Agrani Bank Limited has disbursed AMÖYx e¨vsK wjwg‡UW 2013 mv‡j 15,081 Rb FY MÖnxZvi
SME loan of Tk.14,035.00 million to the 15,081 gv‡S †gvU 14,035 wgwjqb UvKv weZiY K‡i‡Q| GKB mg‡q
entrepreneurs. At the same time, the bank has recovered FY MÖnxZv‡ì wbKU †_‡K FY Av`vq Kiv n‡q‡Q 13,305.00
Tk. 13,305.00 million from the borrowers. About 480.00 wgwjqb UvKv| 1,041 Rb gwnjv D‡`¨v³vi AbyK~‡j 480.00
million of SME loan has been disbursed among 1,041
wgwjqb UvKv weZiY Kiv n‡q‡Q| cwi‡ek evÜe (†mŠi kw³
women entrepreneurs. About Tk. 28.23 million has
I ev‡qvM¨vm cø¨v›U) Lv‡Z G ch©šÍ †gvU 28.23 wgwjqb UvKv
been disbursed to the green sectors (solar energy and
bio-gas plant). In this time outstanding volume of SME
weZiY Kiv n‡q‡Q| G mg‡q e¨vs‡Ki GmGgB FY w¯’wZi
credit has stood up to Tk. 61,490.00 million. cwigvY 61,490.00 wgwjqb UvKvq DbœxZ n‡q‡Q|
Growth of SME in Agrani Bank Limited AMÖYx e¨vsK wjwg‡U‡Wi GmGgB F‡Yi cÖe„w×
As a state owned commercial bank, the ABL has given GKwU ivóªxq gvwjKvbvaxb evwYwR¨K e¨vsK wn‡m‡e AMÖYx e¨vsK
more emphasis to the SME financing which resulted in wjwg‡UW GmGgB A_©vqb‡K AwaKZi ¸iæZ¡ w`‡q Avm‡Q| hvi
remarkable growth of SMEs. The previous five years
d‡j e¨vsKwU GmGgB Lv‡Z D‡jøL‡hvM¨ cÖe„w× AR©b K‡i‡Q|
e¨vsKwUi weMZ 5 eQ‡ii GmGgB F‡Yi cªe„w× wb‡¤œ Zz‡j aiv
growths of SMEs are shown below: n‡jv:
Loan Outstanding Loan Disbursed
Year
(BDT in million) (BDT in million)
2009 12,092 8,745 27,262 19,921
2010 14,519 12,100 29,948 26,059
2011 15,030 11,791 33,872 35,553
2012 13,317 12,496 33,551 35,512
2013 15,081 1,403 38,042 61,490
SME Vision 2014 GmGgB iƒcKí 2014

SME sector has played a vital role in economic GmGgB LvZ BD‡ivc I Gwkqvi wKQy mg„×kvjx †`‡ki
development of some prosperous countries of Asia A_©‰bwZK Dbœq‡b ¸iæZ¡c~Y© f‚wgKv cvjb K‡i‡Q| ZvB
116
and Europe. So SME is capable of increasing national evsjv‡`‡ki gZ kÖgeûj Ges mxwgZ m¤ú` (g~ja‡bi Afve)
income as well as rapid employment generation, m¤úbœ †`‡k GmGgB RvZxq Avq e„w×i mv‡_ mv‡_ `ªæZ Kg©ms¯’vb
achieving Millennium Development Goals (MDGs) m„wó, mnmªvã j¶¨gvÎv AR©b we‡kl K‡i Pig ¶zav, `vwi`ªZv
especially eradication of extreme poverty and hunger,
`~ixKiY, bvix-cyiæ‡li mgZv Avbqb Ges bvixi ¶gZvq‡b
gender equality and women empowerment in countries
we‡kl f~wgKv ivL‡Z m¶g| GmGgBi Zzjbvg~jK wKQy myweav,
like Bangladesh being a labour abundant and capital
GmGgB Lv‡Z A_©vq‡bi DcKvixZv Ges †KŠkjMZ ¸iæZ¡
scarce. SMEs have natural comparative advantages.
In recognition of strategies important and benefits of
wPwýZ K‡i evsjv‡`k miKvi Zvi `vwi`ª we‡gvPb †KŠkjc‡Î
financing SMEs, the Government of Bangladesh in its (wcAviGmwc), †`‡ki Kg©ms¯’vbg~jK wkívq‡bi Rb¨ ¶z`ª Ges
Poverty Reduction Strategy Paper (PRSP) highlighted gvSvwi wkí‡K Ab¨Zg cÖavb †KŠkj wn‡m‡e Dc¯’vcb K‡i‡Q|
small and medium enterprise (SME) as one of evsjv‡`k miKvi wkíbxwZ- 2010 Gi gva¨‡g GmGgB Gi
the flagship strategy for employment generating Dbœq‡bi Rb¨ wewfbœ wb‡`©kbv w`‡q Kg©‡KŠkj ˆZwi K‡i‡Q|
industrialization in the country. The Government also miKv‡ii Dbœqb mn‡hvMx wn‡m‡e 2014 mv‡j GmGgB Gi
formulated policy strategies for development of SME m¤cÖmvi‡Y AMÖYx e¨vsK Gi GKwU we¯Í…Z iƒcKí (wfkb)
in the industrial policy 2010 providing guidelines for i‡q‡Q| GmGgB Lv‡Zi e¨vcK cÖmv‡ii D‡Ï‡k¨ GB iƒcK‡íi
SME development. As a development partner of the AvIZvq Dchy³ D‡`¨v³v wbe©vPb K‡i e¨vsK FY RbM‡Yi
Government the Agrani Bank Limited has a wide vision †`vi-†Mvovq †cuŠ‡Q †`qv n‡e| G j‡¶¨ 2014 mv‡j GmGgB
for the year 2014. Under the vision, the SME credit FY weZi‡Yi Rb¨ ch©vß ev‡RU eivÏ cÖ`vb Kiv n‡e| DËg
should be extended to close door people. Keeping
FY †mev wbwðZ Kivi Rb¨ cÖwZ eQ‡ii b¨vq kvLv eë¯’vcK I
in this view, sufficient credit disbursement budget will
GmGgB FY Kg©KZ©v‡ì cÖwk¶‡Yi wel‡q GKwU Kg© cwiKíbv
be allocated for the year 2014. An action plan is made
with a view to training up the managers and SME credit
nv‡Z †bIqv n‡e| cwi‡ek evÜe Lv‡Z FY m¤cÖmvi‡Y we‡kl
officers for better SME credit services. Special attention bRi †Ìqv n‡e| G Qvov mvwe©K GmGgB Kvh©µg AviI
should be given to the green sectors. Apart from this, MwZkxj Kivi j‡¶¨ evsjv‡`k e¨vs‡Ki wb‡`©kbvi Av‡jv‡K
over all SME activities should be geared up according cÖ‡qvRbxq c`‡ÿc MÖnY Kiv n‡e hv‡Z AMÖYx e¨vsK GmGgB
to Bangladesh Bank’s guideline so that the Bank can Lv‡Z FY weZi‡Y GKwU †MŠi‡ev¾j f‚wgKv cvjb Ki‡Z mÿg
reach in the remarkable SME position. n‡e|
viii. Agriculture and Rural Credit viii. K…wl Ges cjøx FY
Agriculture is one of the priority sectors of the K…wl miKv‡ii GKwU Ab¨Zg AMªvwaKvi LvZ weavq AMÖYx
Governments in which the Bank has been financing
since 1977 with broad objective of integrating rural
e¨vsK wjwg‡UW 1977 mb †_‡K G Lv‡Z SY weZiY K‡i
people with the mainstream development activities Avm‡Q hv‡Z K„lKMY Mevw` cï, gvQ Pvl, K…wl I Ab¨vb¨
and tap the unutilised sources in order to boost growth A-K…wl Lv‡Z Zv‡ì Drcv`bgyLx Kvh©µ‡gi gva¨‡g †`‡ki
in agriculture including livestock, fishery and other off-
farm activities. A_©bxwZi g~javivq DË‡ivËi AwaKnv‡i Ae`vb ivL‡Z cv‡i|
Poverty alleviation through income generating activities e¨vsK cjøx GjvKvi `wi`ª Rb‡Mvwô‡K wewfbœ cÖKvi Drcv`bgyLx
is one of the strategies which the Bank has been
pursuing to make financial resources available to the I Avq Drmvix Kg©Kv‡Û wb‡qvwRZ Ki‡Yi gva¨‡g Zv‡ì
rural poor to break poverty cycle and stimulate growth. mvgvwRK I A_©‰bwZK Ae¯’vi mvwe©K Dbœq‡b ¸iæZ¡cyY© f‚wgKv
Large number of targeted programs with loan amount cvjb K‡i Avm‡Q| 8 kZvsk n‡Z 12 kZvsk my‡` cjø¬xi
to Tk. 5,000-1,00,000 and interest rate of 8 percent-12
f‚wgnxb, cÖvwšÍK Pvlx, ¶z`ª D‡`¨v³v Ges Amnvq gwnjv‡ì
percent were undertaken to reach the rural landless,
marginal farmers, small enterpreneurs and distressed 5,000 UvKv n‡Z 1,00,000 UvKv ch©šÍ FY weZi‡Yi j¶¨
women. No collateral security is required for loan avh© Kiv n‡q‡Q| G Qvov KwZcq K…wl/cjøx FY Lv‡Z mnvqK
upto Tk. 1,00,000 on certain agriculture/ rural credit
RvgvbZ QvovB 1,00,000 UvKv ch©šÍ FY weZiY Kiv n‡”Q|
sector. So far the benificiaries under the 54 programs
implemented by the Rural Credit Division includes ïiæ n‡Z wW‡m¤î 2013 ch©šÍ 54wU Kg©m~wPi AvIZvq e¨vsK
40,52,654 persons of different sectors and the amount KZ…©K 40,52,654 Rb FY MÖnxZvi gv‡S 4,626.27 †KvwU
involved is Tk. 4,626.27 crore up to December 2013. UvKv FY weZiY Kiv n‡q‡Q|
Banglsdesh Bank has formulated the policy/guidelines 2013-14 A_©eQ‡i evsjv‡`k e¨vsK KZ…©K cwi‡ek evÜe
of environment friendly vermicompost organic fertilizer †Ku‡Pv K‡¤úv÷ ˆRe mvi (Vermicompost) cÖK‡í FY

credit program for the financial year 2013-14 which has cÖ`v‡bi bxwZgvjv Rvix Kiv n‡q‡Q hv wb‡`©k cwic‡Îi gva¨‡g
already been informed to the concerned. B‡Zvg‡a¨ mswkøó‡ì AewnZ Kiv n‡q‡Q|
The major agri-credit projects/programmes of ABL are AMÖYx e¨vsK wjwg‡UW Gi cÖavb cjøx FY cÖKí/Kg©m~wP¸‡jv
mentioned below: wb‡¤œ D‡jøL Kiv n‡jv:
Crop Loan Programme, Crop Diversification Project, km¨ FY, km¨ eûgyLxKiY FY, ¯^wbf©i FY, cjøx FY cÖKí
Swanirvar Credit Programme, Rural Finance Project
(RFP), Shashya Gudam Reen Prokalpa, Shrimp Cultural (AviGdwc), km¨ ¸`vg FY cÖKí, wPswo Pvl FY (mvaviY),
Programme (General), Credit Scheme for Bananas Kjv Pvl FY, jeY Drcv`b FY, ¶z`ª D‡`¨vM FY cÖKí, grm¨
Cultivation, Credit to Salt Growers, Khudra Uddyog
Credit Programme, Fisheries Financing Programme Pvl FY (cyKz‡i grm¨ Pvl), Avav-wbweo wPswo FY, †mP hš¿
(Pond), Semi-Intensive Shrimp Culture Programme, FY, AvZœKg©ms¯’vb g~jK FY `vb, cjøx M„n wbg©vY FY, cjøx
Credit Programme for Irrigation Equipment, Self
Employment Programme for the Unemployed Youth, cwienY FY, ¶z`ªKvq nuvm gyiMxi Lvgv‡ii Rb¨ FY `vb, mvaviY
Credit for Rural House Building, Credit for Rural
cjøx FY, `vwi`Ö we‡gvP‡b D`¨vb wfwËK dmj Drcv`‡b FY,
Transport, Bank Loan Programme in Small Scale Poultry
Farms, General Rurul Credit Programme, Horticulture K…wl hš¿cvwZ FY, cvb Pvl FY, Mvfx cvjb, nv‡ji ej`/gwnl
Programme for Poverty Alleviation, Agricultural
Equipment Project, Credit Scheme for Bettle Cultivation,
µq, Miæ †gvUvZvRvKiY FY, `vwi`ª we‡gvP‡b QvMj cvjb
Cattle, Miltching Cow, Buffalow Purchase and Beef FY, `vwi`ª we‡gvP‡b †fov cvjb FY, PvKzwii Rb¨ we‡`‡k
Fattening Credit Progrmme, Goat Rearing Programme
for Poverty Alleviation, Ram Rearing Programme for Mg‡b”QyK‡ì FY cÖ`vb, K…wl wfwËK cÖKí FY-Gi AvIZvq:
Poverty Alleviation, Loan Facility for Persons Seeking grm¨ Pvl cÖK‡í FY, grm¨ Pvl n¨vPvix/bvm©vix cÖK†í FY,
Job Abroad, Agro-based Project Loan which includes-
Fish Cultivation Project, Fish and Shrimp/Carp Hatchery/ †WBwi wk‡í FY, †cvwëª, n¨vPvwi/bvm©vwi wk‡í FY, mgwš^Z
Nursery Project, Dairy Project, Poultry, Hatchery and cÖKí FY, wdW wgj wk‡í FY BZ¨vw`|
Rearing Project, Integrated Farms, Feed Meals etc.
Comparative figure of Agriculture/Rural Credit of 2012 and 2013 Taka in Crore
Sl. Sector 2012 2013

No Target Disbursement Target Disbursement
1 Crops 290.00 270.96 312.00 257.03
2 Fisheries 45.00 36.64 45.00 15.28
3 Livestock 35.00 28.09 45.00 11.42
4 Poverty Alleviation 190.00 181.57 158.00 143.81
5 Others 100.00 88.46 100.00 76.32
Total 660.00 605.72 660.00 503.86
j) Loan Classification T) FY †kªYxweb¨vmKiY
In 2013, total loan classification reduced to Tk. 3,579.93 †kªYxweb¨vwmZ F‡Yi cwigvY 2012 m‡bi 5,380.12 †KvwU
crore as against Tk. 5,380.12 crore in 2012 and the UvKvi wecix‡Z nªvm †c‡q 2013 m‡b ùvwo‡q‡Q 3,579.93
percentage of loan classification reduced to 17.93 †KvwU UvKv Ges †kªYxweb¨vwmZ F‡Yi nvi 2012 m‡bi 25.30
percent in 2013 as against 25.30 percent in 2012. kZvsk n‡Z nªvm †c‡q 2013 m‡b ùvwo‡q‡Q 17.93 kZvsk|
k) Loan Recovery Activities 2013 U) FY Av`vq Kvh©µg 2013
To reduce the amount of classified loans, plans are †kÖYxweb¨vwmZ F‡Yi cwigvY n«vmKi‡Yi j‡¶¨ eQ‡ii ïiæ‡ZB
formed aiming at the Head office and grassroots level. j¶¨gvÎv wba©viY c~e©K Zv AR©‡b cÖavb Kvh©vjq I gvV ch©v‡q
Activities are run to achieve the goal upon setting targets Kg©cwiKíbv cÖYqb I Z`vbyhvqx Kvh©µg MÖnY Kiv nq|
at the beginning of the year. Declaring November FY Av`vq e„w×i j‡¶¨ b‡f¤î 2013 gvm‡K †kÖYxK…Z FY
118
2013 as classified loan recovery month, special Av`vq gvm wn‡m‡e †NvlYv K‡i wbqwgZ Kvh©µ‡gi cvkvcvwk
activities by fourteen teams comprising executives/
senior executives were run alongside the regular
DaŸ©Zb wbe©vnx I wbev©nxe„‡›ì mgš^‡q †PŠÏwU wUg MVb K‡i
activities to accelerate recovery of classified loans. After we‡kl Kvh©µg cwiPvjbv Kiv nq| b‡f¤î I wW‡m¤î gv‡m
visiting grassroots level, in the month of November & Zuviv gvV ch©v‡q Mgb K‡i AÂj I kvLv mg~‡ni †kÖYxK…Z
December, the senior executives have issued special
directives to zonal & branch level for taking effective
FY Av`v‡q wb‡`©kbv cÖ`vb I Kvh©Ki eë¯’v MÖnY K‡ib| G
measures for recovering classified loans. Besides, Five QvovI, Ae‡jvcbK…Z FY Av`v‡qi j‡¶¨ †emiKvix cuvPwU
non-government debt collection agents have been cÖwZôvb †WU Kv‡jKkb G‡R›U wn‡m‡e wb‡qvwRZ i‡q‡Q|
deployed to recover written-off loans. As a result of
the measures taken, there was a significant progress in
Dc‡iv³ eë¯’vw` MÖn‡Yi d‡j †Ljvcx FY Av`v‡q eQ‡ii †kl
recovering default-loans in the last quarter of the year. ˆÎgvwm‡K D‡jøL‡hvM¨ AMÖMwZ mvwaZ nq|
Loan Recovery comparison in 2012 & 2013 2012 I 2013 mv‡ji FY Av`v‡qi Zzjbvg~jK wPÎ
Total loans and advances (including staff loan) on e¨vs‡Ki †gvU FY I AMÖx‡gi (Kg©Pvwi FY mn) cwigvY
31.12.2013 stood at Tk. 20,296.54 crore. Against this, 31.12.2013 Zvwi‡L wQj 20,296.54 †KvwU UvKv| Gi
the amount of classified loans was Tk. 3,579.93 crore, wecix‡Z †kÖYxK…Z F‡Yi cwigvY wQj 3,579.93 †KvwU UvKv hv
which is 17.93 percent of total loans & advances. †gvU FY I AMÖx‡gi 17.93 kZvsk| 2012 m‡b evwl©K Av`vq
Classified loans recovered amounting to Tk. 2,638.91
j¶¨gvÎv 2,000.00 †KvwUi wecix‡Z 2,638.91 †KvwU UvKv
crore which was 131.95 percent of total yearly recovery
target of Tk. 2,000.00 crore.
†kªYxweb¨vwmZ FY Av`vq nq hv j¶¨gvÎvi 131.95 kZvsk|
Comparative picture of recovery of classified and 2012 Ges 2013 m‡bi †kÖYxweb¨vwmZ I †gqv‡`vËxY© FY
overdue loans in 2012 & 2013 are as follows: Av`v‡qi Zzjbvg~jK wPÎ wb¤œiƒc:
Taka in crore
2012 2013
Cash Total Cash Total Increase/
Category Regularization Write-off Regularization Write-off
Recovery Recovery recovery Recovery Decrease
Classified 333.33 166.47 373.37 843.17 471.21 854.80 1,312.90 2,638.91 1,795.74
Overdue 293.18 25.10 0.00 318.28 844.90 139.24 0.00 984.14 665.86
Total 596.51 191.57 373.37 1,161.45 1,316.11 994.04 1,312.90 3,623.05 2,461.60
• Rescheduling, renewal and interest waiver are included in regularization.
Future Plan on Loan Recovery FY Av`v‡q fwel¨Z cwiKíbv

To recover default loans, effective measures taken in †Ljvcx FY Av`v‡qi j‡¶¨ weMZ eQ‡ii Kvh©Kwi c`‡¶cmg~n
the previous year will be in force. Proper steps on case Ae¨vnZ ivLv n‡e| e„nr †Ljvcx FY mg~n Av`v‡qi †¶‡Î
to case basis will be taken in terms of recovering big
†Km Uz †Km wfwË‡Z h_vh_ eë¯’v MÖnY Kiv n‡e| eQie¨vcx
default loans. Round the year monitoring, follow-up and
supervision will be stepped up in larger scale. Initiatives gwbUwis, d‡jvAvc I mycviwfkb AviI e„w× Kiv n‡e| gvV
targeting the grassroots level will be increased to prop ch©v‡q †hvMv‡hvM e„w×i gva¨‡g FY Av`v‡q MwZ mÂv‡ii j‡¶¨
up the pace of loan recovery. c`‡¶c MÖnY Kiv n‡e|
m) Help Desk W) †ní †W¯‹
Agrani Bank Limited provides help desk service for its AMÖYx e¨vsK wjwg‡UW cÖavb Kvh©vj‡q ¯’vwcZ †ní †W‡¯‹i gva¨‡g
customers. In addition to that, help desk is prevaling in MÖvnK‡ì †mev cÖ`vb K‡i| GQvov, e¨vs‡Ki cÖwZwU kvLvq GKwU
every branches. Any problem can be primarily resolved †ní †W¯‹ i‡q‡Q| †h †Kvb ai‡Yi mgm¨vi cÖv_wgK mgvavb †ní
by the help desk. †W‡¯‹i gva¨‡g cÖ`vb Kiv nq|
n) Branch Expansion X) kvLv m¤cÖmviY

The total number of Bank branches stands at 899 at wW‡m¤î 2013 †k‡l e¨vs‡Ki kvLv msL¨v ùvovq 899wU hv
December which was 889 in 2012. It has been planned to 2012 m‡b wQj 889wU| AvMvgx w`‡b †`‡ki ¸iæZ¡c~Y© me
open more branches in commercially important places of evwYwR¨K GjvKvq kvLv †Lvjvi cwiKíbv i‡q‡Q hv‡Z mvaviY

the country in the coming years so that the Bank can reach gvbyl‡K myweav †`qv hvq Ges MÖvnK‡ì N‡i N‡i e¨vswKs †mev
its service to the wider group of clients all over the country. †cuŠ‡Q †`qv hvq|
Financial Performance Avw_©K djvdj

a) Total Operating Income K) †gvU Acv‡iwUs Avq
The Bank’s total operating income stood at Tk. 1,845.29 2013 mv‡j e¨vs‡Ki Acv‡iwUs Avq wQj 1,845.29 †KvwU
crore in 2013. UvKv|
b) Total Operating Expenditure L) †gvU Acv‡iwUs e¨q
The Bank’s total operating expenditure stood at Tk 2012 mv‡ji 702.30 †KvwU UvKv †gvU Acv‡iwUs e¨‡qi ¯’‡j
781.36 crore in 2013 as against Tk 702.30 crore in 2012 2013 mv‡j e¨vs‡Ki Acv‡iwUs e¨‡qi cwigvY wQj 781.36
which indicates an increase of Tk. 79.06 crore (i.e. 11.25 †KvwU UvKv| e¨q e„w×i cwigvY 79.06 †KvwU UvKv| G‡¶‡Î cÖe„w×
percent higher) over the last year. This is mainly due to 11.25 kZvsk| GB e¨q e„w×i KviY g~jZ miKvwi KvVv‡gvi mv‡_
the increase of staff salary in line with the government Zvj wgwj‡q †eZb fvZv e„w×, Ges bZzb Kg©KZ©v wb‡qvM|
policy and new recruitment of officers.
c) Net Interest Income M) bxU my` Avq
The Bank’s net interest income is Tk. 126.53 crore in 2013 mv‡j e¨vs‡Ki bxU my` Av‡qi cwigvY wQj 126.53
2013. Interest earned on loan is the principal component †KvwU UvKv| my` Av‡qi eo AskB FY n‡Z cÖvß my`| my` e¨‡qi
of interest income. However, interest cost of deposits eo AskB n‡jv Avgvb‡Zi Dci cÖ`Ë my`|
was the main component of interest expenses.
d) Operating Profit N) cwiPvjb gybvdv
During 2013, the Bank’s total operating profit before 2013 mv‡j e¨vs‡Ki cwiPvjb gybvdvi (G¨vgiUvB‡Rkb,
amortization, provision and tax stood at Tk 1,063.93 crore. mwÂwZ Ges Ki c~e©) cwigvY wQj 1,063.93 †KvwU UvKv|
e) Appropriation of Profit O) gybvdvi e›Ub
During 2013, Bank earned Tk. 930.98 crore before provision 2013 mv‡j e¨vsK Ki I mwÂwZ avh© c~e© gybvdv AR©b K‡i
and tax which has been appropriated in the following manner. 930.98 †KvwU UvKv hvi e›Ub Ae¯’v wb¤œiƒc:
Particulars 2013 2012 weeiY 2013 2012
Profit/(Loss) before provision & tax 930.98 873.79 Ki I mwÂwZ avh© c~e© gybvdv 930.98 873.79
Provision for loans and advances - 2,488.80 F‡Yi Rb¨ mwÂwZ - 2,488.80
Other provision Ab¨vb¨ mwÂwZ (†evbvm mn) 241.68 249.26
241.68 249.26
(Including incentive bonus)
†gvU mwÂwZ 241.68 2,738.06
Total provision 241.68 2,738.06
Ki c~e©eZx© bxU gybvdv 689.30 (1,864.27)
Net profit/(loss) before tax 689.30 (1,864.27)
K‡ii Rb¨ mwÂwZ
Provision for tax
Current tax - 158.00 PjwZ Ki - 158.00
Deferred tax (215.60) (160.22) wejw¤^Z Ki (215.60) (160.22)
Total provision for tax (215.60) (2.21) K‡ii Rb¨ †gvU mwÂwZ: (215.60) (2.21)
Net profit/(loss) after tax 904.90 (1,862.06) Ki cieZx© bxU gybvdv 904.90 (1,862.06)
Add: Retained surplus from the ‡hvM: c~e©eZx© eQ‡ii iw¶Z gybvdv (1,454.35) 497.83
(1,454.35) 497.83
previous year
e›Ub‡hvM¨ gybvdv (549.45) (1,364.23)
Available for appropration (549.45) (1,364.23)
Appropriation of profit
gybvdv e›Ub
Statutory reserve 137.86 - mswewae× Znwej 137.86 -
Bonus share issue - - †evbvm †kqvi Bmy¨ - -

Previous year adjustment 462.38 90.12 c~e©eZx© eQ‡ii mgš^q 462.38 90.12
Retained surplus (224.93) (1,454.35) DØ„Ë gybvdv (224.93) (1,454.35)
120
f) Capital Adequacy Ratio P) g~jab chv©ßZv AbycvZ
As per provisions of Section 13(2) of the Bank e¨vsK †Kv¤úvwb AvBb 1991 mv‡ji aviv 13(2) Ges evsjv‡`k
Companies Act 1991 and BRPD circulars 1, 10, 5 and e¨vs‡Ki weAviwcwW mvKz©jvi (bs 1, 10, 5 I 11, ZvwiL h_vµ‡g
11 dated 8 January 1996, 24 November 2002, 14 8 Rvbyqvwi 1996, 24 b‡f¤î 2002, 14 †g 2007 Ges 14
AvMó 2008) Abyhvqx mKj evwYwR¨K e¨vsK‡K chv©ß g~jab
May 2007 and 14 August 2008 respectively issued
AbycvZ i¶v Ki‡Z nq| e¨vs‡Ki msiw¶Ze¨ †Kvi g~ja‡bi
by Bangladesh Bank, adequate capital needs to be
cwigvY 1,068.50 †KvwU UvKv hvi wecix‡Z e¨vsK msi¶Y
maintained by all commercial banks to operate the K‡i‡Q 1,212.35 †KvwU UvKv| wi¯‹ I‡q‡UW A¨v‡m‡Ui
banking activities smoothly. The Bank maintained core 5 kZvs‡ki ¯’‡j 21,369.85 †KvwU UvKv wi¯‹ I‡q‡UW
capital of Tk. 1,212.35 crore against requirement of Tk. G¨v‡m‡Ui) 10.04 kZvsk i‡q‡Q| †gvU msiw¶Ze¨ g~jab
1068.50 crore 5.67 percent of RWA of Tk. 21,369.85 (†Kvi g~jab + mvwcø‡g›Uvwi g~jab + AwZwi³ mvwcø‡g›Uvwi
crore against requirement of 5 percent RWA) and g~jab) 2,136.99 †KvwU UvKvi wecix‡Z msiw¶Z g~ja‡bi
cwigvY 2,145.32 †KvwU UvKv| wewa †gvZv‡eK 400 †KvwU
total capital (Tier-1+Tier-2+Tier-3) of Tk. 2,145.32 crore
A_ev wi¯‹ I‡q‡UW A¨v‡m‡Ui 10 kZvsk Gi g‡a¨ †hwU †ewk
against requirement of Tk. 2,136.99 crore (10.04 percent
Zvnvi mgcwigvY g~jab msi¶‡Yi wb‡`©kbv i‡q‡Q| Gi
of RWA of Tk. 21,369.85 crore against requirement 10 wecix‡Z e¨vs‡Ki msiw¶Z g~ja‡bi cwigvY wi¯‹ I‡q‡UW
percent of RWA or Tk. 400 crore, whichever is higher). A¨v‡mU 21,369.85 †KvwU UvKvi 10.04 kZvsk| Z`vbyhvqx
Thus, there was a total capital surplus of Tk. 8.33 crore g~jab surplus cwigvY 8.33 †KvwU UvKv Ges Ô†Kvi K¨vwcUvjÕ
with a core capital of Tk. 1,212.35 crore. Gi cwigvY 1,212.35 †KvwU UvKv|
Automation and Modernization A‡Uv‡gkb Ges AvaywbKvqb

Development in ICT Sector Z_¨ Ges †hvMv‡hvM cÖhyw³ Lv‡Z Dbœqb
Information and Communication Technology (ICT) has Drcv`bgyLx Ges cÖwZ‡hvwMZvg~jK †`wkq Ges AvšÍR©vwZK
its direct impact on productivity and competitiveness in Dfq evRv‡ii Dci Z_¨ Ges †hvMv‡hvM cÖhyw³i (AvBwmwU)
both domestic and international markets. We are proud
that Agrani Bank was the first among the commercial cÖZ¨¶ cÖfve i‡q‡Q| Avgiv Mwe©Z †h †mB 1968 mvj †_‡K
banks in this country to introduce computer-based IBM Main Frame Kw¤úDUvi eënv‡ii gva¨‡g AMÖYx e¨vsK
technology. It started its journey from 1968, using IBM evsjv‡`‡ki evwYwR¨K e¨vsK¸‡jvi g‡a¨ cÖ_g Kw¤úDUvi wbf©i
Main Frame computer. Since then amidst increasingly
fierce competition, the efficiency gained and the speed
cÖhyw³ eënvi ïiæ K‡i| µgea©gvb Zxeª cÖwZ‡hvwMZvi G hy‡M
of IT have offered us the opportunity to open up new Z_¨ cÖhyw³i AwR©Z `¶Zv Ges MwZkxjZvi Av‡jv‡K DbœZZi
sources of advanced, innovative products and improved I bZzb cY¨ Ges †UKmB MÖvnK †mevi bZzb Øvi D‡š§vwPZ
customer services. Sufficient allocation is made by the n‡q‡Q| AvBwmwU I g¨v‡bR‡g›U Bbdi‡gkb wm‡÷‡gi `¶
Bank for hardware and software to ensure complete
implementation of our ambitious plans for the increased cÖ‡qvMK‡í nvW©Iq¨vi I mdUIq¨v‡ii cwiKíbv gvwdK c~Yv©½
use of ICT and Management Information Systems (MIS). cÖ‡qv‡Mi j‡¶¨ e¨vsK KZ©„K chv©ß A_© eivÏ †`qv n‡q‡Q|
Overall automation c~Yv©½ A‡Uv‡gkb

Agrani Bank Limited started using computer technology ¯^vaxbZv c~e© mgq †_‡K AMÖYx e¨vsK wewfbœ e¨vswKs Kvh©µ‡gi
for automation of its various banking operations since pre- A‡Uv‡gk‡bi Rb¨ Kw¤úDUvi cÖhyw³i eënvi ïiæ K‡i‡Q|
liberation. Many important jobs of the bank are currently
m¤úªwZ e¨vs‡Ki eûwea ¸iæZ¡c~Y© KvR A‡Uv‡gk‡bi AvIZvq
automated. The Information Technology and MIS Division
Avbv n‡q‡Q| e¨vs‡Ki Z_¨cÖhyw³ wefvMwU A‡Uv‡gkb eë¯’vcbv
of the Bank responsible for managing automation of
banking operations, are well equipped with IBM Mid
Ges cwiPvjb Kv‡R wb‡qvwRZ| G wefvMwU cÖwkw¶Z Ges
Range computers, very High End Servers and latest `¶ Kgx©, AZ¨vaywbK gvB‡µv Kw¤úDUvi, D”P ¶gZv m¤úbœ
microcomputers and staffed with trained and experienced mvfv©i Ges IBM Mid Range Kw¤úDUvi Øviv mymw¾Z| AvBwU
personnel. The Bank uses its in-house software for wefv‡Mi AwaKvsk KvR cÖ¯‘ZKi‡Yi †¶‡Î AMÖYx e¨vsK Zvi
processing most of the jobs performed in IT and MIS wbR¯^ mdUIq¨vi eënvi K‡i _v‡K| G wefvMwU †h mKj
Division. The major jobs handled in ITand MIS Division are: Kvhv©ejx cwiPvjbv K‡i _v‡K †m¸‡jv n‡”Q:

a) Inter-branch Transaction Reconciliation. K) AvšÍt kvLv †jb‡`b mgš^qKiY|
b) Foreign Bank Accounts Reconciliation (Nostro L) ê‡`wkK e¨vs‡Ki mv‡_ wnmve mgš^qKiY (Nostro
Accounts). Account)|
c) Consolidation of Statement of Affairs/ Income & M) Avq-e¨q cÖwZ‡e`b cÖ¯‘ZKiY|
Expenditure Statements.
d) Personnel System. N) Kg©Pvix Z_¨ weeiYx cÖ¯‘ZKiY|
e) Pay-roll of Head Office Employees etc. O) cÖavb Kvhv©j‡qi Kg©KZv©/Kg©Pvix‡ì †eZb cÖ¯‘ZKiY|
f) Inventory Management. P) Bb‡f›Uwi eë¯’vcbv|
The Bank has a good team of highly skilled manpower cÖavb Kvhv©jq, AvÂwjK Kvhv©jq Ges kvLv¸‡jv‡Z KvwiMwi
both in technical and business areas to handle IT Kvhv©ejx cwiPvjbvi j‡¶¨ AMÖYx e¨vs‡Ki my`¶ wUg wbijm
operation deployed in Head Office, Zonal Offices and KvR K‡i P‡j‡Q| †hvMv‡hvM I Z_¨ cÖhyw³i Kvhv©ejx myôzfv‡e
in Branches.The Bank has recruited a large number
of manpower exclusively for ICT operation. Those
cwiPvjbvi Rb¨ e¨vsK chv©ß Rbej wb‡qvM K‡i‡Q| cÖavb
resources are being deployed in Head Office IT and Kvhv©j‡qi AvBwU wefv‡M Ges AvÂwjK Kvhv©j‡q G Rbej
MIS Division and in Zonal Offices from where they can wb‡qvM Kiv n‡q‡Q hv‡Z Zviv Z…Yg~j chv©‡qi AvBwmwU
monitor and control the various ICT operations at the Kvh©µg¸‡jv Z`viwK I wbqš¿Y Ki‡Z cv‡i| mswkøó AvBwU
grass root level. The relevant employees are provided Kg©KZ©vMY‡K h‡_vchy³ cÖwk¶Y cÖ`vb Kiv n‡q _v‡K hv‡Z
with adequate training to cater to all kinds of needs
related to ICT. A majority of manpower of the Bank has Zviv AvBwmwU mswkøó mKj cÖ‡qvRb †gUv‡Z cv‡i| e¨vs‡Ki
got IT literacy and training of basic and higher training AwaKvsk Rbkw³ AvBwU msµvšÍ ‡gŠwjK Ávb I wewfbœ †Kv‡m©i
on IT courses are offered throughout the year. The Dci cÖwk¶YcÖvß| AvBwUi Dci e¨vs‡K mviv eQiB cÖv_wgK I
Bank has formulated its ICT policy as per Bangladesh D”PZi cÖwk¶Y cwiPvwjZ n‡”Q| evsjv‡`k e¨vs‡Ki wb‡`©kbv
Bank Guidelines in which proper directives have been Abyhvqx AMÖYx e¨vsK Zvi AvBwmwU cwjwm ùvo Kwi‡q‡Q †hLv‡b
provided for each and every operation of the Bank
related to ICT. AvBwmwU m¤úwK©Z mywbw`©ó wb‡`©kbv i‡q‡Q|
Branch Computerization kvLv Kw¤úDUvivqb

Agrani Bank Limited has grown significantly over the mv¤úªwZK mg‡q kvLv chv©‡qi Kv‡R Z_¨ cÖhyw³i eënv‡i
years in branch automation. Till date 897 branches out AMÖYx e¨vsK A‡bK GwM‡q‡Q| A`¨vewa LAN wbf©i eªvÂ
of its total 899 branches are computerized by using e¨vswKs mdUIq¨vi eënv‡ii gva¨‡g 899 wU kvLvi g‡a¨ 897
LAN based Branch Banking Software. These software
wU kvLv‡K Kw¤úDUvivBRW Kiv n‡q‡Q| Gme mdUIq¨vi¸‡jv
have been supplied by various renowned software
vendors of the country. The major functionalities of the
†`‡ki cÖwm× cÖwZôvb KZ…©K mieivnK…Z| eªvÂ e¨vswKs
branch banking software are: mdUIq¨v‡ii cÖavb KvR¸‡jv n‡”Q:
a) General Banking: Deposit, Inland remittance, GL/PL. K) mvaviY e¨vswKs: AvgvbZ, Af¨šÍixY †iwgU¨vÝ, wRGj/wcGj|
b) Credit: All kinds of commercial loans and staff loans. L) †µwWU: mg¯Í evwYwR¨K FY I Kg©Pvwi FY|
Most of the banking activities can be carried out using G mdUIq¨v‡ii gva¨‡g AwaKvsk e¨vswKs Kvhv©ewj m¤úbœ Kiv
this software. Bank provides continuous training for
hvq| e¨vs‡K G mdUIq¨vi eënviKvix‡ì‡K wbqwgZ cÖwk¶Y
the users of these software. Now, all the branches are
providing computer services with internet connectivity cÖ`vb Kiv n‡”Q| eZ©gv‡b me¸‡jv kvLv‡ZB Western Union,
along with ‘Online Foreign Remittance Payment MoneyGram, AbjvBb d‡ib †iwgU¨vÝ †c‡g›U mdUIq¨vi
Software’ and Online payment system of Western Union, Ges B›Uvi‡bU ms‡hvMmn chv©ß Kw¤úDUvi †mev cÖ`vb Kiv
MoneyGram etc. capable of making instant payment of n‡”Q hvi gva¨‡g `ªæZ d‡ib †iwgU¨vÝ cÖ`vb, cÖwZw`‡bi
foreign remittance to the beneficiaries and preparing
†÷U‡g›U Ae G¨v‡dqvm© cÖ¯‘ZKiY Ges jvf-¶wZi weeiY
daily Statement of Affairs and Profit and Loss Statement
besides making other day-to-day correspondences. QvovI Ab¨vb¨ ˆ`bw›`b KvR m¤úv`b Kiv n‡”Q|
Online Banking AbjvBb e¨vswKs

IT-based banking has a major role to play in AvR‡Ki G cÖwZ‡hvwMZvg~jK e¨vswKs evRv‡i m¤§vwbZ MÖvnK
rendering improved services to the valued customers Ges †÷K‡nvìvi‡ì‡K DbœZ †mev cÖ`v‡bi †¶‡Î cÖhyw³
and stakeholders in today’s competitive banking
environment. The Bank has taken various measures for
wbf©i e¨vswKs ¸iæZ¡c~Y© fzwgKv cvjb Ki‡Q| e¨vs‡Ki wewfbœ
automation of its functions and services. One of the †mev I Kvhv©ejx A‡Uv‡gk‡bi AvIZvq Avbvi j‡¶¨ wewfbœ
122
major steps is installation of fully integrated online core c`‡¶c MÖnY Kiv n‡q‡Q| G c`‡¶ç‡jvi g‡a¨ ¸iæZ¡c~Y©
Banking Solution (T24 by Temenos). It began in 2010 c`‡¶cwU n‡”Q m¤ú~Y© mgwš^Zfv‡e AbjvBb †Kvi e¨vswKs
with two pilot branches and now it has progressed mwjDkb (Temenos KZ…©K T24) Pvjy Kiv| 2010 mv‡j `ywU
further and as of December 2013, 161 major branches cvBjU kvLv wb‡q ïiæ n‡q Zv eZ©gv‡b AviI DbœZZi chv©‡q
of the throughout the country are operating using this ‡cŠu‡Q‡Q Ges 2013 mv‡ji wW‡m¤î ch©šÍ †`ke¨vcx 161wU
software. It should be mentioned that T24 software is ¸iæZ¡c~Y© kvLvq G mdUIq¨vi eëüZ n‡”Q| D‡jøL¨ †h, T24
rated as number one core banking software all over mdUIq¨viwU wek¦e¨vcx GK b¤î †Kvi e¨vswKs mdUIq¨vi
the world. For this purpose, data center equipped with wn‡m‡e mgv`„Z| G D‡Ï‡k¨ cÖavb Kvhv©j‡q cÖ‡qvRbxq
most modern hardware, database, connectivity and all nvW©Iq¨vi, WvUv‡eR Kv‡bw±wfwU I Ab¨vb¨ myweavmn GKwU
other facilities was established in Head office. Besides,
AZ¨vaywbK WvUv †m›Uvi ¯’vcb Kiv n‡q‡Q| ZvQvov gnvLvjx‡Z
a Disaster Recovery Site (DRS) was rented in Mohakhali
GKwU wWRv÷vi wiKfvwi mvBU (DRS) fvov †bqv n‡q‡Q †hLv‡b
where a true replica of data center is established. The
e¨vs‡Ki WvUv †m›Uv‡ii GKUv ûeû cÖwZiƒc cÖwZôv K‡i ivLv
hardware related to data center and DRS has been set
Av‡Q| AbjvBbf~³ kvLv¸‡jv wbqš¿Y Kivi j‡¶¨ (DRS) Ges
up with a capacity to handle all the online branches of
WvUv †m›Uv‡ii Rb¨ e¨vs‡K Dchy³ gv‡bi nvW©Iq¨vi ¯’vcb Kiv
the Bank. Again, to handle such a big customer base,
n‡q‡Q| GQvov e„nr cwim‡i MÖvnK †mev cÖ`v‡bi j‡¶¨ Oracle
Oracle database was chosen. A Wide Area Network
(WAN) covering 161 branches was setup to facilitate
WvUv‡eR Pvjy Kiv n‡q‡Q| 161wU kvLvq Wide Area Network
(WAN) ¯’vcb K‡i AbjvBb e¨vswKs †mev cÖ`vb Kiv n‡”Q| G
online services. Two redundant network lines were
setup for all these branches.
mKj kvLvi cÖwZwU‡Z `ywU †bUIqv©K jvBb ¯’vcb Kiv n‡q‡Q|
The Core Banking Software (CBS) has four major †Kvi e¨vswKs mdUIq¨v‡ii (CBS) PviwU ¸iæZ¡c~Y© cÖv‡qvwMK
functional areas. These are: w`K i‡q‡Q| G¸‡jv n‡jv:
a) Retail Module: All the functionalities of general K) wi‡UBj gwWDj: mvaviY e¨vswKs Gi mg¯Í Kvhv©ejx †hgb-
banking like SB, CD, FDR, SND, APS, ABS, DD, PO/ SB, CD, FDR, SND, APS, ABS, DD, PO/PS BZ¨vw` G
PS etc. are covered under this module. gwWD‡ji AvIZvf~³|
b) Credit Module: All kinds of credit operation like CC, L) †µwWU gwWDj: G gwWDjwU eënvi K‡i mKj ai‡Yi
OD, consumer loan, staff loan are handled using this †µwWU msµvšÍ KvR †hgb- wmwm, IwW, †fvM¨cY¨ FY,
module. Kg©Pvix FY BZ¨vw` cwiPvjbv Kiv nq|
c) Trade Finance: All activities relating to foreign M) †UªW wdb¨vÝ: G gwWD‡ji AvIZvq me ai‡Yi ê‡`wkK
exchange business can be handled under this evwYR¨ msµvšÍ †jb‡`‡bi KvR Kiv hvq|
module.
d) Treasury Module: All treasury functions i.e. security, N) †UªRvwi gwWDj: †UªRvwi msµvšÍ mKj Kvhv©ejx †hgb-
money market, and investment are covered under wmwKDwiwU, gvwb gv‡K©U Ges Bb‡f÷‡g›U G gwWD‡ji AšÍf©~³|
this module. Also, centralized Head Office GL is ZvQvov cÖavb Kvhv©j‡qi wRGj G gwWD‡ji mv‡_ mshy³|
incorporated with Treasury Module.
All the modules of T24 have been customized as per evsjv‡`k e¨vs‡Ki w`K-wb‡`©kbvi wbwi‡L Ges AMÖYx e¨vs‡Ki
existing business processes and rules of the bank we`¨gvb bxwZgvjv Abyhvqx T24 Gi mg¯Í gwWDj Kv÷gvBRW
considering the guidelines of Bangladesh bank. Kiv n‡q‡Q|
For all kinds of automation activities, the Bank has A‡Uv‡gk‡bi wewfbœ Kvh©µg ev¯Íevq‡bi j‡¶¨ e¨vsK wewfbœ
deployed human resources in the major areas from the †¶‡Î Zvi we`¨gvb `¶ Rbkw³ †_‡K cÖ‡qvRbxq †jvKej
existing manpower. Primarily, two teams i.e. business wb‡qvM K‡i‡Q| cÖv_wgKfv‡e weR‡bm wUg Ges †UKwbK¨vj wUg
team and technical team are working. The business G iKg `yÕwU wUg G‡Z KvR Ki‡Q| mvaviY e¨vswKs, AwMÖg,
team was formed choosing experts from each and
every functional area i.e. general banking, credit, trade ê‡`wkK evwYR¨, wdb¨vÝ I †UªRvwii Kv‡R AwfÁ Rbkw³
finance and treasury. The technical team comprised wb‡q G weR‡bm wUgwU MwVZ| †UKwbK¨vj wUgwU MwVZ n‡q‡Q
of the experts of hardware, database, operating nvW©Iq¨vi, WvUv‡eR, Acv‡iwUs wm‡÷g, †bUIqvK© I AbjvBb
system, network, online banking software. For capacity e¨vswKs mdUIq¨v‡ii `¶ †jvKe‡ji mgš^‡q| `¶Zv e„w×i
building, they were given adequate training to make j‡¶¨ Dfq wUg‡K Dchy³ cÖwk¶Y cÖ`vb Kiv n‡q‡Q †hb Zviv
them capable of handling all the activities to run a
core banking software smoothly. The Bank has also
†Kvi e¨vswKs mdUIq¨vi wbfz©jfv‡e cwiPvjbv Ki‡Z m¶g
established a Help Desk in IT & MIS Division to render nq| AbjvBbf~³ kvLv¸‡jv‡Z cÖv‡qvwMK I KvwiMwi mnvqZv
the operational and technical support to all the online cÖ`v‡bi D‡Ï‡k¨ AvBwU I GgAvBGm wefv‡M GKwU †ní †W¯‹
based branches. †Lvjv n‡q‡Q|

Gradually all the branches of the bank will be brought µgvMZfv‡e e¨vs‡Ki mKj kvLv‡K AbjvBb eë¯’vi AvIZvq
under this system. Introduction of T24 software will Avbv n‡e| T24 mdUIq¨v‡ii gva¨‡g MÖvnK‡ì‡K B›Uvi‡bU
ensure services like internet banking, ATM banking, e¨vswKs, GwUGg e¨vswKs, †gvevBj e¨vswKs BZ¨vw` †mev cÖ`vb
mobile banking etc. to the customers. Kiv n‡e|
BACH & BEFTN weGwmGBP Ges weBGdwUGb

As part of the plan of Bangladesh Bank for automation †`‡ki wbKvk cwi‡kva c×wZi A‡Uv‡gk‡bi Rb¨ evsjv‡`k
of clearing payment system of the country, Bangladesh e¨vs‡Ki cwiKíbvi Ask wn‡m‡e G e¨vs‡K evsjv‡`k
Automated Clearing House (BACH) was introduced in A‡Uv‡g‡UW wK¬qvwis nvDR (weGwmGBP) Pvjy Kiv n‡q‡Q|
the bank .The two components of BACH - Bangladesh weGwmGBP Gi `yÕwU c×wZ h_v evsjv‡`k A‡Uv‡g‡UW †PK
Automated Cheque Processing System (BACPS) &
Bangladesh Electronic Fund Transfer Network (BEFTN)
cÖ‡mwms wm‡÷g (weGwmwcGm) Ges evsjv‡`k B‡jKUªwbK
are active in the bank. A total of 312 branches of the bank dvÛ UªvÝdvi †bUIqvK© (weBGdwUGb) Pvjy i‡q‡Q| †`‡ki
in 70 clearing areas of the country have been brought 70wU wK¬qvwis Gwiqvq †gvU 312wU kvLv‡K weGwmwcGm Gi
under BACPS successfully. For this purpose, hardware, AvIZvq mdjZvi mv‡_ Avbv n‡q‡Q| G c×wZ ev¯Íevq‡bi
MICR check scanner and network connectivity have j‡¶¨ mswkøó cÖwZwU kvLvq nvW©Iq¨vi, GgAvBwmAvi †PK
been established in each concerned location. For BACH ¯‹¨vbvi Ges †bUIqvK© ms‡hvM ¯’vwcZ n‡q‡Q| weGwmGBP Gi
operation, a sophisticated centralized software has
Kvh© cwiPvjbvi j‡¶¨ GKwU wbLyuZ †m›UªvjvBRW& mdUIq¨vi
been customized and installed which has facilitated the
smooth operation of the system throughout the country. Pvjy I Kv÷gvBRW& Kiv n‡q‡Q hv‡Z K‡i †`ke¨vcx G c×wZi
The other component BEFTN has been introduced myôz cÖ‡qvM m¤¢e nq| weBGdwUGb c×wZwU e¨vs‡Ki cÖwZwU
in all branches of the Bank. As per Bangladesh Bank kvLv‡Z cÖeZ©b Kiv n‡q‡Q| evsjv‡`k e¨vs‡Ki wb‡`©kbv
instruction, only credit operation has been allowed in Abyhvqx GLv‡b ïay †µwWU Acv‡ikbwU Aby‡gvw`Z n‡q‡Q|
it. The debit operation will begin very soon. With the kxNªB †WweU Acv‡ikbwU Pvjy Kiv n‡e| A‡Uv‡g‡UW wK¬qvwis
introduction of automated clearing system, customer wm‡÷g Pvjyi gva¨‡g MÖvnK †mevq e¨vcK DbœwZ mvwaZ n‡q‡Q|
service has greatly improved.
SWIFT myBdU&
Agrani Bank Limited provides SWIFT (Society for Avg`vwbKviK, ißvwbKviK I †iwgU¨vÝ ‡cÖiK‡ì `¶ †mev
Worldwide Inter-bank Financial Telecommunication) cÖ`v‡bi D‡Ï‡k¨ AMÖYx e¨vsK wjwg‡UW ê‡`wkK gy`ªv wewbgq
facility in its 35 branches to offer services relating to I ê‡`wkK evwY‡Rï Rb¨ 35wU kvLvq myBdU& (†mvmvBwU di
foreign exchange/foreign trade transactions (both Iqvì©IqvBW B›Uvi-e¨vsK wdbvwÝqvj †UwjKwgDwb‡Kkb)
import and export) and remittance. cÖeZ©b Kiv n‡q‡Q|
e-GP B-wRwc
The government of Bangladesh has introduced e-GP evsjv‡`k miKv‡ii cwiKíbv gš¿Yvj‡qi wmwcwUBD (†m›Uªvj
(Electronic Government Procurement) program under cÖwKDi‡g›U †UKwbK¨vj BDwbU) Gi Aax‡b B-wRwc (B‡j±«wbK
CPTU (Central Procurement Technical Unit) of Planning
ministry. The contractors of 4 organizations i.e. Roads
Mfb©‡g›U cÖwKDi‡g›U) †cÖvMÖvg Pvjy K‡i‡Q| Gi d‡j †`ke¨vcx
& Highways, LGED, BWDB and REB can participate AMÖYx e¨vs‡Ki 86wU wbav©wiZ kvLvq †iwR‡÷ªkb wd, bevqb
in e-tendering by depositing their registration fee, wd, †UÛvi WKz‡g›U wd, e¨vsK M¨vivw›U BZ¨vw` cÖ`v‡bi gva¨‡g
renewal fee, tender document fee, bank guarantee moK I Rbc_ Awa`ßi, GjwRBwW, weWweøDwWwe Ges AviBwe
etc. from designated 86 branches of the bank all over
G 4wU ms¯’vi wVKv`viMY B-†UÛvwis G Ask wb‡Z cvi‡Qb|
Bangladesh. Proper training on e-GP has been provided
to a large number of employees of the bank. The bank
e¨vs‡K Kg©iZ wecyj msL¨K Kg©Pvix‡K B-wRwci Dci gvbm¤úbœ
has voluntarily participated in e-GP program to meet its cÖwk¶Y cÖ`vb Kiv n‡q‡Q| RvwZ‡K †mev cÖ`v‡bi cÖwZkÖæwZ
commitment to serve the nation. wb‡q e¨vsK †¯^”Qvq B-wRwc †cÖvMÖv‡g AskMÖnY K‡i‡Q|
Website I‡qemvBU
Agrani Bank Limited has an informative website AMÖYx e¨vsK wjwg‡U†Wi GKwU Z_¨ cÖ`vbg~jK I‡qemvBU
containing description of its various products, services, i‡q‡Q †hLvb ‡_‡K MÖvnKMY e¨vsK m¤ú‡K© wewfbœ Z_¨ †hgb:
annual accounts, citizen’s charter and other up-to- e¨vs‡Ki wewfbœ cÖWv±, †mevmg~n, evrmwiK wnmve, wmwU‡Rb
date information about the Bank. The website www. PvUv©i Ges nvjbvMv` Z_¨ cv‡eb| www.agranibank.org
agranibank.org serves as a primary source of information G I‡qemvBUwU e¨vs‡Ki cÖv_wgK Z‡_ï Drm wnmv‡e KvR
of the bank. Current news on recruitment, tender etc. of Ki‡Q| e¨vs‡Ki wb‡qvM, †UÛvi BZ¨vwì mv¤úªwZK LeivLeiI
the bank can also be found on this website. G I‡qemvB‡U cvIqv hv‡”Q|
124
ATM GwUGg
In order to be up-to-date with the fast advancing AMÖYx e¨vsK wjwg‡UW `ªyZ AMÖmigvb Z_¨ cÖhyw³i mv‡_
information technology, Agrani Bank Limited started wb‡R‡K nvjbvMv` Ki‡Yi j‡¶¨ 2002 mv‡j MÖvnK‡ì
ATM (Automated Teller Machine) service in 2002 for the R‡b¨ ATM (Automated Teller Machine) mvwf©m Pvjy K‡i,
clients which is known as E-Cash Debit Card. With this, hv E-Cash ‡WweU KvW© bv‡g cwiwPZ| Gi gva¨‡g evrmwiK
ATM Card holders are enjoying the benefit of 24 hours
bvggvÎ mvwf©m Pv‡R©i wewbg‡q GwUGg KvW© †nvìviMY w`bivZ
cash withdrawal by paying a nominal annual service
charge. Currently, ABL has been providing this service 24 N›Uv bM` A_© D‡Ëvj‡bi myweav †fvM Ki‡Qb| eZ©gv‡b
using 225 shared ATM booths throughout the country AMÖYx e¨vsK wjwg‡UW Gwe e¨vsK wjwg‡UW-Gi mv‡_ †hŠ_fv‡e
in collaboration with AB Bank Ltd. mviv †`‡k 225wU GwUGg ey‡_i gva¨‡g GB †mev w`‡q Avm‡Q|
To run ATM service by ABL’s own source & management, m¤cÖwZ e¨vs‡Ki m¤ú~Y© wbR¯^ eë¯’vcbvq I cwiPvjbvq
initiatives have been taken. After scrutinizing the GwUGg mvwf©m cÖeZ©‡bi j‡¶¨ c`‡¶c MÖnY Kiv n‡q‡Q| GB
viabilities, in the first phase, ABL plans to start 100 ATM cwiKíbv ev¯Íevq‡bi cÖ_g c`‡¶c wn‡m‡e m¤¢ve¨Zv hvPvB-
booths in different branches & prominent places of
evQvB KiZt GKwU c~Y©v½ Kg©cwiKíbv nv‡Z †bqv n‡q‡Q|
Gi cÖ_g chv©‡q XvKv gnvbM‡ii 41wU, PÆMÖv‡gi 12wU kvLvmn
which 41 booths will be in Dhaka city and 12 booths
mviv †`‡k wewfbœ kvLvq Ges ¸iæZ¡c~Y© ¯’v‡b cÖv_wgKfv‡e
will be in Chittagong. Besides, ABL plans to enrich ATM †gvU 100wU GwUGg ey_ mvwf©m Pvjy Kiv n‡e| cvkcvwk VISA
booth service consisting Visa Card, Master Card and Card, Master Card Ges Credit Card mn GwUGg ey_ mvwf©m
Credit Card facilities. mg„×Ki‡Yi cwiKíbvI i‡q‡Q|
Introduction of Mobile banking †gvevBj e¨vwKs Gi cÖeZ©b
ABL is planning to offer some transaction facilities †gvevBj †m‡Ui gva¨‡g wKQy †jb‡`b myweav cÖ`v‡bi welqwU
through mobile set. As most of the population of e¨vs‡Ki cwiKíbvq i‡q‡Q| evsjv‡`‡ki AwaKvsk gvbyl
Bangladesh is un-banked, our bank is going to e¨vswKs Gi mv‡_ RwoZ bq| GB bb-e¨vswKs Rb‡Mvôx‡K
implement a system to launch mobile banking soon to e¨vswKs Kvh©µ‡gi AvIZvq Avbvi j‡¶¨ Avgv‡ì e¨vsK Lye
bring non-bank population into the banking channel. kxNªB †gvevBj e¨vswKs c×wZ Pvjy Ki‡Z hv‡”Q| G myweavi
With this facility any person having a mobile will be able gva¨‡g ‡gvevBj b¤î _vKv †h ‡Kvb e¨w³ †gvevBj b¤îwU e¨vsK
to use his number as a bank account. The facilities of
GKvD›U wnmv‡e eënvi Ki‡Z cvi‡e| †gvevBj e¨vswKs-Gi
myweav¸‡jv wb¤œiæc:
mobile banking will be:
a) Cash Deposit.
K) bM` Rgv|
b) Cash Withdrawal. L) bM` D‡Ëvjb|
c) Fund Transfer to another Mobile Account. M) Ab¨ †gvevBj GKvD‡›U Znwej ¯’vbvšÍi|
d) Utility Bill Payment. N) BDwUwjwU wej cwi‡kva|
e) Receive Remittance from Home And Abroad. O) †`k-we‡`‡ki †iwgU¨vÝ MÖnY|
f) Salary Payment. P) †eZb cwi‡kva|
g) Disbursement of Government Allowances. Q) miKvwi fvZvw` weZiY|

h) Merchant Payment. R) gv‡P©›U †jb‡`b|
i) Balance Enquiry. S) e¨v‡jÝ AbymÜvb|
Agrani bank Limited is dedicated to the nation to MÖvnK‡ì cÖhyw³ wbf©i AvaywbK e¨vswKs mvwf©m cÖ`v‡bi j‡¶¨
provide technology based modern banking services to AMÖYx e¨vsK wjwg‡UW RvwZi †mevq cÖwZkªywZe×| Avgv‡ì
the customers and relentlessly tries to contribute to the RvZxq j¶¨ Ôwfkb 2021Õ AR©‡b Ae`vb ivL‡Z AMÖYx e¨vs‡Ki
process of achieving our national goal as enshrined in
‘Vision 2021’. AbeiZ cÖ‡Póv Ae¨vnZ i‡q‡Q|
Introduction of Agent Banking G‡R›U e¨vswKs cÖeZ©b
Agrani Bank Limited in association with DOER, has AMÖYx e¨vsK wjwg‡UW DOER Gi mn‡hvwMZvq e¨vswKs ewnf~©Z
planned to extend its financial services to unbanked A_ev Aí gvÎvq e¨vswKs Ki‡Qb G iKg RbMY‡K G‡R›U

Through pressing switch, Syed Abdul Hamid is inaugurating DOER, a pilot project of ABL on Agent Banking
and under banked areas of Bangladesh through agents ev Kv÷gvi mvwf©m †cÖvfvBWvi (CSP) Gi gva¨‡g e¨vswKs
or CSPs (Customer Service Provider) in a bid to achieve †mev cÖ`v‡bi GKwU Kvh©µg MÖnY K‡i‡Q hv †`‡ki Avw_©K
‘Financial Inclusion’ goal of the nation. The project
†mevf~w³ Kg©m~wP ev¯Íevq‡b mnvqK n‡e| cÖKíwU evsjv‡`k
would run under the ‘Agent Banking Draft Guideline’
that has recently been formulated by Bangladesh
e¨vsK KZ…©K m¤cÖwZ cÖYxZ ÔG‡R›U e¨vswKs WªvdU MvBW jvBbÕ
Bank. Agent Banking model would help to achieve the Abymv‡i cwiPvwjZ n‡e| G‡R›U e¨vswKs g‡WjwU wb‡¤œv³
following: KvR¸‡jv Ki‡Z mnvqZv Ki‡e:
1. Lowering transaction costs both for the customers 1. MÖvnK Ges e¨vsK Df‡qi †jb‡`‡b LiP Kg‡e|
and bank.
2. Help cover a large geographical area with minimum 2. GKwU e„nr AÂj‡K b~¨bZg Li‡P Avw_©K †mevi AvIZvq
cost. Avbv m¤¢e n‡e|
3. Cutting administrative overhead off. 3. cÖkvmwbK e¨q n«vm cv‡e|
4. Creating financial awareness. 4. Avw_©K m‡PZbZv ˆZix‡Z mnvqK n‡e|
The project would be implemented in phases. In the first cÖKíwU chv©q wfwËK cwiPvwjZ n‡e| cvBjU cÖKíwU DOER
phase Agrani in collaboration with DOER has planned
Gi mn‡hvwMZvq AMÖYxi wb‡¤œv³ `yÕwU kvLvi gva¨‡g ewY©Z
to run the pilot projects in two areas under following
two branches of ABL: GjvKvq Kvh©µg cwiPvjbv Ki‡e:
i. Pangsha branch: Habashpur Bazar of Pangsha 1. cvskv kvLv: nvevkcyi evRvi, Dc‡Rjv- cvskv, †Rjv-
upazila under the district of Rajbari. ivRevwo|
ii. Shaistagonj Branch: Noapara Bazar of Shaistagonj 2. kv‡q¯ÍvMÄ kvLv: †bvqvcvov evRvi, Dc‡Rjv- kv‡q¯ÍvMÄ,
upazila under the district of Habigonj. †Rjv- nweMÄ|
Distribution of SEQAEP Stipend SEQAEP Gi Dce„wË weZiY

To inspire the poor and meritorious students from closs MYcÖRvZš¿x evsjv‡`k miKv‡ii wk¶v gš¿Yvjq Ges wek¦e¨vs‡Ki
6 to Class 10, Secondary Education Quality and Access †hŠ_ A_©vq‡b Secondary Education Quality and Access
Enchantment Project (SEQAEP) jointly financed by Enhancement Project (SEQAEP) bv‡g 6ô n‡Z 10g †kªYx
ministry of education, Government of People’s Republic
of Bangladesh and world Bank is being conducted since
ch©šÍ Mixe I †gavex QvÎQvÎx‡ì‡K wk¶vq DrmvwnZ Kivi
1993. Ministry of education, World Bank and SEQAEP j‡ÿ¨ GKwU cÖKí 1993 mb n‡Z cwiPvwjZ n‡”Q| wk¶v
authority supervise this project. Besides distributing gš¿Yvjq, wek¦e¨vsK Ges SEQAEP KZ…©c¶ GB cÖK‡íi
stipend to the students, different kinds of incentive Z`viwK K‡i _v‡K| SEQAEP cÖKíwUi gva¨‡g Dce„wË QvovI
126
awards and financing the development of concerned QvÎQvÎx‡ì‡K wewfbœ cÖKvi DÏxcbv cyi¯‹vi cÖ`vb Kiv nq
schools are provided through SEQAEP. Ges mswkøó ¯‹z‡ji Dbœq‡bi Rb¨ A_©vqb Kiv nq|
Through this project, the Directorate for Secondary & cÖKíwUi gva¨‡g gva¨wgK I D”P wk¶v Awa`ßi 1993 mb
Higher Secondary Education has been giving away
stipend to the students enlisted with SEQAEP through
n‡Z A`ëwa mviv ‡`‡k AMÖYx e¨vs‡Ki 250wU kvLvi gva¨‡g
250 branches of Agrani Bank Limited across the SEQAEP-Gi ZvwjKvf~³ QvÎQvÎx‡ì‡K Dce„wË weZiY K‡i
country since 1993. The main objective of this project is Avm‡Q| GB cÖK‡íi g~j j¶¨ n‡jv gva¨wgK ¯Í‡ii QvÎQvÎxiv
to ensure that students at Secondary level do not drop
out of education. At present, the number of students †hb Avw_©K Kvi‡Y wk¶v½Y †_‡K S‡i bv c‡o| eZ©gv‡b GB
receiving the benefit under this project is ten lac. cÖK‡íi AvIZvq †gvU DcKvi‡fvMx QvÎ-QvÎxi msL¨v 10 jvL|
By receiving stipend money through bank, the students e¨vs‡Ki gva¨‡g Dce„wËi UvKv MÖn‡Yi ga¨ w`‡q ¯‹z‡ji
are getting introduced and used to banking system QvÎQvÎxiv e¨vswKs eë¯’vi mv‡_ cwiwPZ I Af¨¯Í n‡q DV‡Q
which brings momentum to the school banking hv AMÖYx e¨vsK wjwg‡UW Gi ¯‹zj e¨vswKs Kvh©µg‡K †eMevb
program of ABL. In this project World Bank’s fund for, Ki‡Q| GB cÖK‡íi AvIZvq wek¦e¨vs‡Ki A_©vq‡b Ges
the stipend money is deposited through Bangladesh evsjv‡`k e¨vs‡Ki gva¨‡g Dce„wË‡fvMx QvÎ-QvÎx‡ì Rb¨
Bank to the SEQAEP account maintained with Principal
AMÖYx e¨vs‡Ki cÖavb kvLvq cwiPvwjZ SEQAEP-Gi wnmv‡e
Branch of ABL. To distribute the money directly to
A_© Rgv nq| cÖavb kvLv D³ A_© AvBwewmG -Gi gva¨‡g
the beneficiaries, Principal Branch sends the money
mswkøó kvLvmgy‡n ¯^ ¯^ AvÂwjK Kvh©vj‡qi mvnv‡h¨ †cÖiY K‡i
through IBCA to the concerned branches through
respective Zonal offices. To extend the project up to
hv kvLv n‡Z mivmwi myweav‡fvMx‡ì g‡a¨ weZiY Kiv nq|
2017 is under process through which the number 2017 mvj ch©šÍ cÖKíwUi †gqv` e„w×i cÖ¯Íve cÖwµqvaxb i‡q‡Q
of schools & students and financing amount will be †hLv‡b cÖwZeQi ch©vqµ‡g ¯‹z‡ji I QvÎ-QvÎx‡ì msL¨v Ges
increasing gradually. A_©vq‡bi cwigvY e„w× cv‡e|
Online CIB Reporting AbjvBb wmAvBwe wi‡cvwUs

MIS Division of the Bank receives previous months CIB e¨vs‡Ki wewfbœ kvLv †_‡K †cÖwiZ c~e©eZx© gv‡mi wmAvBwe
information sent from related branches via zonal offices Z_¨ AvÂwjK Kvh©vj‡qi gva¨‡g cÖwZ gv‡mi 10 Zvwi‡Li
in online within 10th of the month. MIS Division verifies g‡a¨ GgAvBGm wWwfk‡b M„nxZ nq| GB wefvM D³ Z‡_ï
the accuracy of the information and after consolidating
mwVKZv hvPvB K‡i cÖ‡qvR‡b Zv ms‡kvabc~e©K GKxf~Z K‡i
gv‡mi 20 Zvwi‡Li g‡a¨ AbjvB‡b evsjv‡`k e¨vs‡K †cÖiY
the information sends to Bangladesh Bank in online
K‡i _v‡K| K‡c©v‡iU kvLv¸‡jv mivmwi cÖavb Kvh©vj‡qi
within 20th of the month. Corporate branches directly
Bbdi‡gkb †UK‡bvjwR A¨vÛ GgAvBGm wWwfk‡b wmAvBwe
send CIB information and inquiry forms to MIS Division. Z_¨ I Bb‡Kvqvwi dg© †cÖiY K‡i _v‡K| Rvbyqvwi n‡Z wW‡m¤î
The number of CIB information received by ABL from 2013 mg‡q evsjv‡`k e¨vs‡Ki mvf©vi n‡Z GB wefvM KZ…©K
Bangladesh Bank server and sent to related branches AbjvB‡b cÖvq 40,000 c~Y©v½ wmAvBwe cÖwZ‡e`b msMÖnc~e©K
from January to December 2013 are almost 40,000. mswkøó kvLvmg~‡n `ªæZZvi mv‡_ †cÖiY Kiv n‡q‡Q|
Newsletter wbDR‡jUvi
Quarterly periodical of this Bank ‘Newsletter’ published I‡qemvB‡U GB e¨vs‡Ki ˆÎgvwmK ÔwbDR‡jUviÕ mvgwqKx
in website that reveals the internal news of the bank cÖKvk Kiv nq| G‡Z e¨vs‡Ki Af¨šÍixY Lei mn †`k-we‡`‡ki
along with burning issues of the financial world. ¸iæZ¡c~Y© A_©‰bwZK Z_¨ cÖKvwkZ nq|
Annual Book on the Activities of Banks and Fls e¨vsK I Avw_©K cÖwZôv‡bi Kvh©vejx kxl©K cyw¯ÍKv
This statement is prepared on the basis of brief account e¨vs‡Ki evwl©K hveZxq Kvh©µ‡gi mvi-ms‡¶c wb‡q G
of total activities of the Bank which is sent to Bangladesh weeiYxwU ˆZix Kiv nq hv evsjv‡`k e¨vs‡Ki gva¨‡g MYcÖRvZš¿x
Bank. Bangladesh Bank then sends it to Bank and evsjv‡`k miKv‡ii A_© gš¿Yvj‡qi, e¨vsK I Avw_©K cÖwZôvb
Financial institution/Division, Ministry of Finance of The
Peoples Republic of Bangladesh. Ministry then publishes
wefv‡M †cÖiY Kiv nq| mswkó gš¿Yvjq Dc‡iv³ weeiYxwU
the above mentioned statement in a pamphlet named Ôe¨vsK I Avw_©K cÖwZôv‡bi Kvh©vejxÕ kxl©K cyw¯ÍKvq cÖKvk
‘Activities of Bank & Financial Institutions’. K‡ib|

Internal Control and Compliance B›Uvibvj K‡›Uªvj GÛ Kgcøv‡qÝ
Internal Control and Compliance plays a vital role in a Af¨šÍixb wbqš¿b I cwicvjb GKwU Avw_©K cÖwZôv‡b ¸iæZ¡c~Y©
financial institution. It is a review process of operations f~wgKv cvjb K‡i| Bnv GKwU cÖwZôv‡bi Acv‡ikbm Ges
and records of an organization. Well devised internal
†iKW©mg~‡ni cybg©~j¨vqb cwµqv| mycwiKwíZ B›Uvibvj K‡›Uªvj
control ensures that the aims and objectives of the
bxwZgvjv e¨vs‡Ki jÿ¨ I D‡Ïk¨ mg~n ev¯Íevqb Ges m‡e©v”P
bank are being met and the bank achieves long
gybvdv AR©b wbwðZ K‡i| B›Uvibvj K‡›Uªvj GÛ Kgcøv‡qÝ
term profitability. Internal control is the process of
maintaining the reliability of financial reporting and
GKwU cÖwµqv hv dvBb¨vwÝqvj wi‡cvwU©s Gi h_v_©Zv hvPvB
compliance with applicable laws, regulations and of c~e©K mswkøó AvBb, wewaweavb Ges AvšÍt I ewnt bxwZgvjvi
internal & external policies. cwicvjb K‡i _v‡K|
In ABL the head of ICC is a General Manger. The ICC AMÖYx e¨vsK wjwg‡U‡W B›Uvibvj K‡›Uªvj GÛ Kgcøv‡qÝ (ICC)
is comprised of five divisions having five DGMs as Gi cÖavb n‡jb GKRb gnveë¯’vcK| AvBwmwm cuvPwU wefvM
divisional head. The divisions are as follows: wb‡q MwVZ hvi `vwq‡Z¡ i‡q‡Qb cuvPRb Dcgnveë¯’vcK|
wefvM¸‡jv n‡”Q:
1. Audit and Inspection Divison-1 1. AwWU GÛ BÝ‡cKmÝ wWwfkb-1
2. Audit and Inspection Division-2 2. AwWU GÛ BÝ‡cKmÝ wWwfkb-2
3. Audit Monitoring Division 3. AwWU gwbUwis wWwfkb
4. Audit Compliance Division (Internal Audit) 4. AwWU Kgcøv‡qÝ wWwfkb (B›Uvibvj AwWU)
5. Audit Compliance Division (External Audit) 5. AwWU Kgcøv‡qÝ wWwfkb (G·Uvibvj AwWU)
There are four types of audit in Agrani Bank Limited AMÖYx e¨vsK wjwg‡U‡W wbgœewY©Z Pvi cÖKv‡ii AwWU we`¨gvb
which are as follows: i‡q‡Q:
i) External Audit i) ewnt wbix¶v
ii) Government Commercial Audit
ii) miKvwi Kgvwk©qvj AwWU
iii) Bangladesh Bank Inspection
iii) evsjv‡`k e¨vsK cwi`k©b
iv) Internal Audit & Inspection
iv) Af¨šÍixY wbix¶v I cwi`k©b
To instruct, monitor and modify audit activities, wbix¶v Kvh©µg‡K h_vh_ wb‡`©kbv, Z`viwK I mg‡qvc‡hvMx
the Board Audit Committee has been re-arranged Kivi j‡¶¨ cuvP Rb cwiPvj‡Ki mgš^‡q †evW© AwWU KwgwU
consisting of five Directors. The Audit Committee
reviews the internal and external audit reports and
cybM©Vb Kiv n‡q‡Q| †evW© AwWU KwgwU Af¨šÍixY I ewnt
ensures that the management takes effective measures wbix¶v cÖwZ‡e`b ch©v‡jvPbv KiZt B›Uvibvj K‡›Uªvj wm‡÷‡g
in case any deficiency or lapses is found in the internal †Kvb NvUwZ A_ev ÎæwU _vK‡j eë¯’vcbv KZ…©c¶ hv‡Z Kvh©Kix
control system. eë¯’v MÖnY K‡i Zv wbwðZ K‡i _v‡K|
The Bank has been coducting ‘Risk Based Internal eëmvwqK SzuwK cwigvc Ges kvLvq D™¢~Z SzuwKmg~n wbqš¿‡Yi
Audit’ (RBIA) through analyzing Core Risks factors in the j‡¶¨ e¨vs‡Ki ˆ`bw›`b Kvh©µ‡gi †Kvi wi¯‹ d¨v±img~n
daily activities of the Bank to assess the business risk
we‡kølY c~e©K e¨vs‡K Ôwi¯‹ †eBRW B›Uvibvj AwWUÕ (RBIA)
as well as control risks associated with the branches. In
setting out a strong internal control framework within
cwiPvwjZ n‡”Q| cÖwZôv‡b GKwU kw³kvjx Af¨šÍixY wbqš¿Y
the organization, the Bank has already brought out its KvVv‡gv MV‡bi j‡¶¨ e¨vsK GKwU B›Uvibvj K‡›Uªvj g¨vbyqvj
Internal Control Manual. It focuses on monitoring the ‰Zwi K‡i‡Q hv ch©vqµ‡g I wbqwgZfv‡e cÖavb Kvh©vj‡qi
functions of various departments/divisions of head office wewfbœ wefvM Ges e¨vs‡Ki kvLvmg~‡ni Kvh©µg gwbUwis Kivi
and branches of the Bank periodically on regular basis. j‡¶¨ w`K wb‡`©kbv cÖ`vb Ki‡Q|
In 2013 Audit & Inspection Division conducted wbix¶v I cwi`k©b wefvM 2013 m‡b AÎ e¨vs‡Ki 388wU
comprehensive audit in 388 branches, 27 corporate kvLv, 27wU K‡c©v‡iU kvLv, 13wU A‡_vivBRW wWjvi kvLv,
branches, 13 authorized dealer branches, 32 zonal
offices and 13 divisions at head office of the Bank. In
32wU †Rvbvj Awdm Ges cÖavb Kvh©vj‡qi 13wU wWwfk‡b
the same year the internal audit team carried out 82 mgwš^Z wbix¶v Kvh©µg cwiPvjbv K‡i‡Q| GKB eQ‡i
spot audits and special audits in different branches on Af¨šÍixY wbix¶v `j wewfbœ kvLvq wewfbœ Bmyï Dci wfwË
128
different issues. Total number of audits were 555 during K‡i 82wU ¯úU AwWU Ges we‡kl AwWU cwiPvjbv K‡i‡Q|
the year 2013. 2013 m‡b †gvU wbix¶vi msL¨v wQj 555wU|
Audit Plan for 2014 wbix¶v cwiKíbv 2014

Each year the Audit & Inspection Division sets out an wbix¶v I cwi`k©b wefvM cÖ‡Z¨K eQ‡ii Rb¨ GKwU wbix¶v
audit plan (internal) for the year which is approved by cwiKíbv (Af¨šÍixY) cÖYqb K‡i hv †evW© AwWU KwgwU KZ…©K
the Board Audit Committee. Annual audit plan for the Aby‡gvw`Z nq| 2014 m‡bi Aby‡gvw`Z wbix¶v cwiKíbv wb‡gœ
year 2014 approved by the Board is as under: †`qv n‡jv:
Annual Audit Plan for 2014 Number
Corporate Branches 26
Authorized Dealer (AD) Branches 13
District Head Quarter Branches 49
Branches 350
Divisions of Head Office 13
Circle Office 06
Zonal Office 31
Agrani Exchange House 06
Islami Windows 05
Total 499
Credit Rating †µwWU †iwUs

In 2013, the Bank appointed Credit Rating Information evsjv‡`k e¨vs‡Ki wb‡`©kbvbyhvqx e¨vsK 2013 mv‡j †µwWU
and Services Limited (CRISL), for credit rating of the †iwUs Bbdi‡gkb G¨vÛ mvwf©‡mm wjwg‡UW‡K (CRISL) †iwUs
Bank as per directives of Bangladesh Bank. The rating
company assigned AAA to the Bank in the long run
Kv‡R wbhy³ K‡i| Zviv e¨vsK‡K `xN©‡gqv‡` ÔGGGÕ Ges
and ST-1 in the short term. This rating has been done ¯^í †gqv‡` GmwU-1 e¨vsK wnmv‡e g~j¨vwqZ K‡i| MYcÖRvZš¿x
in consideration of the guarantee of the Government evsjv‡`k miKv‡ii cÖ`Ë M¨vivw›U g~‡j G †iwUs Kiv nq KviY
of the People’s Republic of Bangladesh being the miKvi n‡”Q SzuwKgy³ GKwU mË¡v| G ai‡Yi g~j¨vwqZ Avw_©K
highest risk-free entity. Financial Institutions rated in
this category have the best quality, offer highest safety cÖwZôvb n‡”Q ¸‡Y m‡ev©Ëg, me‡P‡q wbivc` Ges Zv‡ì
and have the highest credit quality. However, the Bank’s i‡q‡Q m‡ev©”P gvbm¤úbœ FY| GQvov evwYwR¨K e¨vsK wnmv‡eI
entity rating (as stand alone commercial bank) has been cÖwZwbqZ e¨vs‡Ki †iwUs-Gi gvb DbœZ n‡”Q hv wb‡¤œ cwijw¶Z
improving over the years, as will be evident from below: n‡”Q:
Date of Rating: October 07, 2013 Long Term Short Term
Entity Rating 2012

AAA ST- 1
as Government Guaranteed Bank
Surveillance Rating 2012

BBB ST- 3
(Stand Alone Basis)
Surveillance Rating 2011

A+ ST- 2
(Stand Alone Basis)
Outlook Stable
Human Resource Management and Development gvbe m¤ú` eë¯’vcbv Ges Dbœqb
Human Resource is the most valuable assets of an GKwU cÖwZôv‡bi me‡P‡q ms‡e`bkxj I g~jëvb Dcv`vb
organization. Modern organizations are more conscious n‡jv gvbe m¤ú` Z_v Gi †jvKej| e¨vsK GKwU evwYwR¨K
about the best utilization of their human resources. cÖwZôvb wn‡m‡e Zvi mvd‡jï avivevwnKZv‡K DË‡ivËi

Now the Bank management is facing many challenges AMÖMvgx Kivi j‡¶¨ †h welq¸‡jv‡Z ¸iæZ¡ cÖ`vb K‡i _v‡K
arising from globalization, competition, social changes, Zvi g‡a¨ gvbe m¤ú` eë¯’vcbv AwaK ¸iæZ¡c~Y©| eZ©gv‡b
wek¦vqb, cÖwZ‡hvwMZv, mvgvwRK cwieZ©b Ges gybvdv AR©‡bi
profitability and sustainability. They can address these
Rb¨ eë¯’vcbv‡K bvbvwea P¨v‡jÄ †gvKvwejv Ki‡Z nq| `¶
challenges with the help of these human resources. †jvKe‡ji gva¨‡g Zviv GB P¨v‡jÄ †gvKvwejv K‡i _v‡Kb|
The success of any organization depends on the e¨vs‡Ki eëmvwqK †KŠk‡ji mv‡_ m½wZ †i‡L m‡e©v”P mydj
proper, efficient and effective management of the
wbwðZ Kivi wbwg‡Ë †hvM¨ e¨w³‡K h_v_© Kg©‡¶‡Î wb‡qvwRZ
human resources. HR Planning Division is doing some
work in the name of human resource management.
Kiv, wewfbœ †MÖ‡W c‡`vbœwZ cÖ`vb, e¨vs‡Ki mg¯Í wbe©vnx/
The basic work of HR Planning Division is to formulate Kg©KZ©v-Kg©Pvix‡ì e¨w³MZ bw_, evwl©K Kg© g~j¨vqb
human resource management policy, to maintain the cÖwZ‡e`b msµvšÍ bw_ msi¶Y Kiv, Aemi MÖn‡bi ZvwjKv
personal file of every staff and officer, maintain the cÖ¯‘Z K‡i h_vmg‡q mswkøó Kg©KZ©v-Kg©Pvix‡K AewnZKiY,
performance appraisal, make the PRL list and inform to QywU bM`vqb, Bbwµ‡g›U cÖ`vb, `vwe wb®úwËKiY, QywU gÄywi,
concerned employee in due time, sanction increment,
we‡`k åg‡Yi AbygwZ, D”P wk¶vi AbygwZ, G e¨vs‡K Kg©iZ
encashment of leave, settlement of retirement benefit,
leave sanction inside and outside of Bangladesh,
wewfbœ †MÖ‡Wi wbe©vnx Kg©KZ©v Kg©Pvix‡ì gyw³‡hv×v mb`
permit higher studies, update the human resource cÖZ¨qb, AvqKi msµvšÍ KvR, gvbe m¤ú` eë¯’vcbv msµvšÍ
management information system and to verify the wewfbœ bxwZgvjv ˆZixmn Ab¨vb¨ Kvh©vw` G wefv‡Mi gva¨‡g
freedom fighter’s certificates from the related ministry. m¤úbœ Kiv n‡q _v‡K|
Existing staff strength of ABL as on 31 December 2013 eZ©gv‡b AMªYx e¨vsK wjwg‡U‡W Kg©iZ †gvU wbe©vnx, Kg©KZ©v I
is given below: Kg©Pvixi msL¨v wb‡¤œ cª`Ë:
SL No Name of post Existing as on 31-12-2013

1. Managing Director & CEO 1
2. Deputy Managing Director 4
3. General Manager 16
4. Deputy General Manager 103
5. Chief Medical Officer(on contract) 1
6. Assistant General Manager 286
7. Senior Principal Officer/Equivalent 854
8. Principal Officer/Equivalent 774
9. Executive Engineer 3
10. Senior Officer/Equivalent 3,468
11. Assistant Engineer 3
12. Officer/Equivalent 4,945
13. Sub-assistant Engineer 2
14. Clerical 1,085
15. Non Clerical 2,460
Total 14,005
a) Organogram K) mvsMVwbK KvVv‡gv

Corporatization has necesseciated the Bank to restructure †Kv¤úvwb‡Z iƒcvšÍwiZ nIqvi ci e¨vs‡Ki mvsMVwbK KvVv‡gvi
its existing organogram. As such, necessary steps have cwieZ©b Kiv Riæix n‡q c‡o| G Kvi‡Y we`¨gvb gnveë¯’vcK,
been taken to redefine the portfolios and functional Dcgnveë¯’vcK Ges AvÂwjK cÖavb‡ì Kvh©vejx cybwe©b¨vm
jurisdictions of GMs, DGMs and Heads of Zones. Kivi †¶‡Î †ek wKQy c`‡¶c M„nxZ nq|
130
Prof. Dr. Khondokar Bazlul Haque speaking as chief guest in training program at ABTI
b) Promotion L) c‡`vbœwZ
In order to remove the monotonous mood, increase ¯^vfvweK KvRK‡g© GK‡N‡qgx fve `~i K‡i MwZkxjZv Avbqb
social prestige, motivate employees a number of Ges Kg©KZ©v I Kg©Pvix‡ì g‡a¨ K‡g©vÏxcbv e„w×i j‡¶¨ 2013
2,180 were given promotion. mv‡j wewfbœ †MÖ‡W 2,180 Rb‡K c‡`vbœwZ cÖ`vb Kiv n‡q‡Q|
c) HR information system M) gvbe m¤ú` Z_¨ eë¯’vcbv
At the end of 2013, a total number of 14,005 employees wW‡m¤î 2013 ch©šÍ e¨vsK 14,005 Rb wbev©nx/Kg©KZv©/
are working in ABL. The information of executives, Kg©Pvix wb‡qvwRZ i‡q‡Qb| G mKj wbev©nx/Kg©KZv©/
officers and staffs is being updated regularly through Kg©Pvix†ì mvgwMÖK Z_¨wPÎ G wWwfk‡bi gva¨‡g me©`v
HR division. Avc‡WU Kiv n‡”Q|
d) Action plan for 2014 N) Kg©cwiKíbv 2014

• To fillup the vacant post through promotion and • AMv©‡bvMÖv‡g m„ó k~b¨c`¸‡jv c‡`vbœwZ I mivmwi
direct recruitment, by which the Bank can maintain wb‡qv‡Mi gva¨‡g c~iY Kiv n‡e hv‡Z †mevi gvb I Kv‡Ri
our productivity & service standard.
avivevwnKZv eRvq _v‡K|
• To ensure the right man in right place in right time • †hvM¨ †jvK‡K h_vmg‡q h_vh_ ¯’v‡b c`vqb Kiv n‡e hv‡Z
for maximizing our profitability. e¨vs‡Ki wewfbœ j¶¨gvÎv AR©‡b mnvqK nq|
• A four years term man power planning and • Pvi ermi †gqv`x Rbej cwiKíbv I AMv©‡bvMÖvg (2012-
organogram (2012-15) has been filled up through 15) G m„óc`¸‡jv c‡`vbœwZ I wb‡qv‡Mi gva¨‡g c~iY
promotion & recruitment. The Management has Kiv Ges GKB mv‡_ AMv©‡bvMÖvg cÖYq‡bi D‡Ïk¨ Abyhvqx
planned to depute AGM as branch head in every ‘A’ mKj ÔGÕ †MÖW I †Rjv m`‡ii cÖavb kvLv¸‡jvq mnKvix
grade & district headquarter branches. gnveë¯’vcK‡ì kvLv cÖavb wn‡m‡e c`vqb Kiv|
e) Training and Development O) cÖwk¶Y I Dbœqb

Training is a proven instrument for human resources cÖwk¶Y n‡”Q GKwU cÖwZôv‡bi Ávb wfwËK gvbe m¤ú`
development. It presents a prime opportunity to wewbg©v‡Yi cixwÿZ cš’v| DbœZ cÖwk¶Y KvVv‡gv I Kg©m~wP
enhance the base of knowledge of employees. A GKwU cÖwZôv‡bi AwfÁZv mg„× I Ávb wbf©i Kg©xevwnbx M‡o

Syed Abdul Hamid is speaking as chief guest in a training program at ABTI
structured training and development program ensures †Zvjvi Rb¨ mnvqK| AMÖYx e¨vsK †Uªwbs Bbw÷wUDU e¨vs‡Ki
to build up skilled workforce. Agrani Bank Training
gvbem¤ú`‡K AviI DbœZZi Kivi gvb‡m Zv‡ì Acvi
Institute has been working hard for developing human
m¤¢vebv, m„RbkxjZv, `¶Zv, mZZv I †cÖlYv weKwkZ Ki‡Yi
resources full of potentiality, creativity, skill, integrity
and motivation.
j‡¶¨ wbišÍi cÖ‡Póv I K‡Vvi cwikÖg K‡i hv‡”Q|
Agrani Bank Training Institute (ABTI) was established 1976 m‡b AMÖYx e¨vsK †Uªwbs Bbw÷wUDU (GwewUAvB) cÖwZwôZ
nq| cÖwZôvjMœ †_‡K A`¨vewa GwewUAvB AZ¨šÍ `vwqZ¡kxjZvi
in 1976 and is entrusted with the responsibility of
mv‡_ mg‡qvc‡hvMx cÖwk¶Y Kg©m~wP wba©viY, hy‡Mvc‡hvMx Z_¨
designing course curriculum, reading materials, and wfwËK welq wbe©vPb I AšÍf~©³KiY, myk„sLj cVb wbN©›U I
course contents for conducting training for the purpose gvbm¤úbœ cvV¨ Dcv`vb cÖYqb Ges Zv ev¯Íe cÖ‡qvM I wbqwgZ
Abykxj‡bi gva¨‡g AÎ e¨s‡Ki wbevn©x, Kg©KZ©v I Kg©Pvix‡ì
of enhancing professionalism and administrative
†ckvMZ I cÖkvmwbK `¶Zv e„w×i j‡¶¨ wbijm cÖqvm Ae¨vnZ
efficiency of the executives and officers of the bank. †i‡L‡Q|
Since its inception in 1976 till 2013, ABTI has covered a GwewUAvB 1976 †_‡K 2013 ch©šÍ wewfbœ wk‡ivbv‡gi Aaxb
total number of 70,037 executives/officers/staff under 2,116 wU †Kvm©/Kg©kvjvi gva¨‡g †gvU 70,037 Rb wbe©vnx,
different banners of training through 2116 courses/ Kg©KZ©v I Kg©Pvix‡K cÖwk¶Y cÖ`vb K‡i‡Q| Zš§‡a¨ 2013
workshops. ABL has covered 4,573 participants by m‡b 101 wU †Kvm©/Kg©kvjvi gva¨‡g 4,573 Rb cÖwk¶Yv_©x
conducting 101 courses/workshops in 2013 alone. cÖwk¶Y MÖnY K‡i‡Qb|
Risk management is the key focus for banks. Keeping eZ©gvb mg‡q ÔSuywK eë¯’vcbvÕ e¨vsK †Kv¤úvwb mg~‡ni Ab¨Zg
it in mind, in 2013, ABTI has conducted workshops cÖavb cÖwZcv`¨ welq| G wel‡qi ¸iæZ¡‡K aviY K‡i 2013
named & styled as ‘Risk Based Capital Management’
m‡b GwewUAvB AMÖYx e¨vsK wjwg‡UW-Gi wbe©vnxM‡Yi D‡Ï‡k¨
in Banks, which has been designed for sixty four
executives. Besides the following workshops related to ÔSzuwK wfwËK g~jab eë¯’vcbvÕ kxl©K wewfbœ cÖwk¶Y Kg©kvjvi
risk management were conducted: Av‡qvRb K‡i, hv wb¤œiƒct
132
Sl. Level of No. of No. of
Name of Workshop
No. Participants Courses Participants
1. Credit Risk Management Credit Officers 2 101
2. Money Laundering Prevention BM/ BAMLCO 2 111
3. Internal Control & Compliance Concerned Officer 3 146
4. Audit Comp (Internal, External, Commercial & BB Audit) Concerned Officer 7 349
5. Audit Planning, System Guidelines & Program (FIMA) Officer & Above 1 46
Moreover, ABTI has organized the following workshops GQvovI, GwewUAvB AbjvBb e¨vswKs I Z_¨ cÖhyw³ msµvšÍ
related to Online Banking & Information Technology: wb‡¤œv³ cÖwk¶Y Kg©kvjvmg~n Av‡qvRb K‡it
Sl. Level of No. of No. of
Name of Course/Workshop
No. Participants Courses Participants
1. MS Excel, Internet & Email (Day) DGM & AGM 1 26
2. Application & Operation of Online Banking Software (Temenos T24) Concerned Officer 10 254
Officer &
3. Computer : Its application in ABL (officer & above: Evening) 1 25
Above (Dhaka)
4. Application & Operation of Branch Banking Software (officer & above) Concerned Officer 1 23
5. Computer: PC-MS Office Clerical Staff 1 27
6. Workshop on Daily Transaction Monitoring on T-24 Software Clerical Staff 5 120
In 2013, a good number of Executives & Officers have 2013 mv‡j GwewUAvB QvovI †`‡k I we‡`‡k wewfbœ †Uªwbs
participated the various training /workshops conducted Bbw÷wUDU/GKv‡Wwg Gi gva¨‡g AMÖYx e¨vsK wjwg‡U‡Wi
by other training institutes in Bangladesh and abroad wbe©vnx I Kg©KZ©vMY cÖwk¶Y jvf K‡i‡Qb, hvi mvi ms‡¶c
which is shownd in the following table: wb¤œiƒct
Sl No. Particulars Participants
1. Number of participants sent to BIBM in 2013 310
2. Number of participants sent to BBTA in 2013 71
3. Number of participants sent to other local training institutes in 2013 192
4. Officers/executives participated in foreign workshops 37
For the year 2014, a comprehensive need based 2014 m‡b GwewUAvB KZ…©K cwiPvjbv cwil‡ì Aby‡gv`bµ‡g
training course curriculum has been designed by ABTI e¨vs‡Ki e¨vcK Pvwn`v wfwËK cÖwk¶Y Kg©m~wP cÖYqb Kiv
and the same has duly been approved by Board of n‡q‡Q| D³ cÖwk¶Y Kg©m~wP‡Z m¤¢ve¨ 184 wU †Kvm©/Kg©kvjv
Directors, in which 7,890 participants will be included I 7,890 Rb cÖwk¶Yv_©x‡K cÖwk¶Y cÖ`v‡bi j¶¨ wba©viY Kiv
in 184 courses/workshops. In the training program
n‡q‡Q| 2014 mv‡ji Rb¨ cÖYxZ evwl©K cÖwk¶Y Kg©m~Px‡Z
of 2014, emphasis has been given on training up
AMÖYx e¨vsK wjwg‡UW-G bewbhy³ Kg©KZ©v‡ì e¨vswKs eywbqvw`
the newly recruited officers by conducting banking
†Kv‡m©i Dci we‡kl ¸iæZ¡ †`qv n‡q‡Q| †m j‡¶¨, GwewUAvB
foundation course. In this regard, ABTI along with its
7 outreach centers will conduct banking foundation
KZ…©K wbR¯^ feb e¨wZ‡i‡K XvKvi evB‡i Gi 7wU cÖwk¶Y
courses throughout the year. †K‡›`ª eQie¨vcx cÖwk¶Y cÖ`v‡bi Kg©m~wP MÖnY Kiv n‡q‡Q|
Agrani Bank Training Institute has been working hard GwewUAvB e¨vs‡Ki gvbe m¤ú`‡K AviI DbœZZi Kivi gvb‡m
for developing human resources full of potentiality, Zv‡ì Acvi m¤¢vebv, m„RbkxjZv, `¶Zv, mZZv I †cÖlYv
creativity, skill, integrity and motivation. weKwkZ Ki‡Yi j‡¶¨ wbišÍi cÖ‡Póv Pvwj‡q hv‡”Q|

Subsidiary Companies of ABL AMÖYx e¨vsK wjwg‡U‡Wi mvewmwWqvwi †Kv¤úvwbmg~n
Agrani Bank Limited has care now six subsidiary AMÖYx e¨vsK wjwg‡U‡Wi 100 kZvsk wbR¯^ gvwjKvbvq G hver
companies at its 100 percent ownership. Two of them QqwU mvewmwWqvwi †Kv¤úvwb i‡q‡Q hvi `ywU evsjv‡`‡k Ges
are in Bangladesh and four are in abroad which are as
follows:
PviwU we‡`‡k Aew¯’Z| h_v:
1. Agrani Equity & Investment Limited 1. AMÖYx BKz¨BwU GÛ Bb‡f÷‡g›U wjwg‡UW

Agrani Bank Limited started to take part in the capital AMÖYx e¨vsK wjwg‡UW 23 gvP© 2009 †_‡K weGmBwm n‡Z
market operations since it got license from BSEC on jvB‡mÝ MÖn‡Yi gva¨‡g gv‡P©›U e¨vswKs Kvh©µg ïiæ K‡i|
23rd March 2009. Initially, its operations were executed cÖv_wgKfv‡e GB e¨vs‡Ki Aax‡b GKwU gv‡P©›U e¨vswKs BDwbU
under merchant Banking Unit of the bank. On March wn‡m‡e Gi Kvh©µg cwiPvjbv Kiv nq| 2010 mv‡ji 16
16, 2010, the bank has formed a subsidiary company gvP© ÔAMÖYx BKy¨BwU GÛ Bb‡f÷‡g›U wjwg‡UWÕ bv‡g GKwU
named ‘Agrani Equity & Investment Limited’. It started mvewmwWqvwi †Kv¤cvwb MVb Kiv nq| 2010 mv‡ji 15 Ryb n‡Z
its operation on 15 June 2010 taking over all the assets AMÖYx e¨vsK wjwg‡U‡Wi gv‡P©›U e¨vswKs BDwbU Gi mKj `vq-
and liabilities of merchant banking unit of Agrani ‡`bv I m¤c` AwaMÖnY K‡i AMÖYx BKy¨BwU GÛ Bb‡f÷‡g›U
Bank Limited. The fundamental aim of Agrani Equity & wjwg‡UW hvÎv ïiæ K‡i| AMªYx BKy¨BwU GÛ Bb‡f÷‡g›U
Investment Limited is: wjwg‡U‡Wi ‡gŠwjK j¶¨ n‡jv:
a) to become the market leader in merchant banking a) cyuwRevRvi Dbœq‡b mwµq AskMÖnY Ges MVbg~jK f‚wgKv
operations by acting as a market maker & ensure
the development of the capital market by active cvj‡bi gva¨‡g gv‡P©›U e¨vswKs Kvh©µg cwiPvjbvq †bZ…
participation and ¯’vbxq Ae¯’v‡b DbœxZ nIqv Ges
b) to act as a strong participant for increasing market
b) evRv‡i kw³kvjx AskMÖn‡Yi gva¨‡g evRv‡ii cwic°Zv
depth which will ensure the proper channeling of
funds between banks, NBFI’s & capital market. e„w×i Rb¨ KvR Kiv hv‡Z e¨vsK, Avw_©K cÖwZôvb I
cyuwRevRv‡ii g‡a¨ h_vh_ Znwej cÖevn wbwðZ nq|
Objective
D‡Ïk¨
i) Maximize the value creation of the shareholders as
i) cÖwZôv‡bi †kqvi‡nvìvi Ges MÖvnK‡ì wewb‡qvwRZ
well as clients.
g~ja‡bi m‡e©v”P g~j¨ wbwðZ Kiv|
ii) Provide fundamental information to educate the
ii) wewb‡qvMKvix‡ì †gŠwjK Z_¨ cÖ`v‡bi gva¨‡g m‡PZb
investors.
Kiv|
iii) Achieve reliability to market participants by acting iii) evRv‡ii w¯’wZkxjZv i¶v‡_© f‚wgKv cvj‡bi gva¨‡g evRv‡i
as a safeguard for the market. AskMÖnYKvix‡ì g‡a¨ Av¯’v AR©b Kiv|
iv) To boost up the small and medium investors iv) ¶z`ª I gvSvwi wewb‡qvMKvix‡ì g‡a¨ AvMÖn I m‡PZbZv
awareness and engerness and enhance the demand m„wó Kiv Ges m¤¢ebvgq †kqv‡ii Pvwn`v e„w× Kiv|
of potential securities as well.
v) To perform operations with high standards of v) m‡e©v”P gv‡bi eëmvwqK ˆbwZKZvi gva¨‡g Kvh©µg
business ethics. cwiPvjbv Kiv|
Issue Management Bmy¨ eë¯’vcbv
Agrani Equity & Investment Limited primarily focuses AMÖYx BKy¨BwU GÛ Bb‡f÷‡g›U wjwg‡UW Gi cÖavbZg D‡Ïk¨
on Issue Management service which is the key to n‡”Q Bmy¨ eë¯’vcbv †mev cÖ`v‡bi gva¨‡g mvaviY RbMY‡K
develop our local industry by public participation cyuwRevRv‡i AskMÖn‡Y DØy× Kiv hv †`kxq wkí weKv‡ki
through capital market. Issue Management functions PvweKvwV| Bmy¨ eë¯’vcbv msµvšÍ wb‡gœv³ KvR¸‡jv Gi
include the following: AšÍf©~³t
i) Initial Public Offer (IPO) of shares & Bonds
i) †kqvi Ges eÛ Gi cÖv_wgK MYcÖ¯Íve (AvBwcI)
ii) Repeat Public Offer of shares and bonds ii) cybt MYcÖ¯Íve (AviwcI)
iii) Issue Right Shares iii) ivBU †kqvi Bmy¨
iv) Direct Listing of Shares iv) mivmwi ZvwjKvf~w³
v) Capital raising by other means v) Ab¨vb¨ Dcv‡q g~jab msMÖn
134
Underwriting Ae‡jLb
Along with issue management activities Agrani Equity Bmy¨ eë¯’vcbvi cvkvcvwk AMÖYx BKy¨BwU GÛ Bb‡f÷‡g›U
& Investment Limited also takes, part in underwriting of wjwg‡UW Ae‡jLb Kvh©µ‡g AskMÖnY K‡i _v‡K hv cyuwR
securities which is a vital part in building confidence &
evRv‡i cwic°Zv e„w× I Av¯’v ˆZwi‡Z mnvqK Ges †Kv¤úvwbi
depth in capital market as well as potential investment
for the company. Rb¨ fv‡jv wewb‡qvMI e‡U|
Portfolio Management †cvU©‡dvwjI eë¯’vcbv

Agrani Equity & Investment Limited provides AMÖYx BKy¨BwU GÛ Bb‡f÷‡g›U wjwg‡UW evRv‡ii †gŠj wfwË,
portfolio management services by considering mvgwóK A_©bxwZi MwZwewa, evRv‡ii mvwe©K AvPiYMZ w`K
market fundamentals, macroeconomic trends, overall I m¤¢ve¨Zv we‡kølY c~e©K †cvU©‡dvwjI eë¯’vcbv †mev cÖ`vb
behavioral factors & prospective analysis. The company
K‡i| AÎ †Kv¤úvwb n‡Z wb‡gœv³ †cvU©‡dvwjI eë¯’vcbv †mev
provides following portfolio management services to
the customers:
cÖ`vb Kiv nq:
i) Portfolio management i) †cvU©‡dvwjI eë¯’vcbv
ii) Margin loan facilities to the investors ii) wewb‡qvMKvix‡ì gvwR©b FY cÖ`vb|
Financial Advisory Services Avw_©K civgk© †mev

Corporate Advisory Service is one of the core activities Avw_©K civgk© †mev cÖ`vb Kiv GKwU gv‡P©›U e¨vs‡Ki Ab¨Zg
of merchant bank. Recently BSEC has adopted a KvR| m¤cÖwZ Avw_©K civgk© †mev`v‡bi Rb¨ weGmBwm
guideline for the financial advisory services and MvBWjvBb cÖYqb Ki‡Q Ges †m †gvZv‡eK AMÖYx BKz¨BwU GÛ
accordingly Agrani Equity & Investment Limited is Bb‡f÷‡g›U wjwg‡UW fwel¨‡Z wb‡gœv³ †mevmg~n cÖ`v‡bi
planning & developing the following services for j‡¶¨ KvR K‡i hv‡”Q:
forthcoming years:
i) Customized instrument designing i) Kv÷gvBRW BÝUªy‡g›U wWRvBb
ii) Placement of equity with various financial institutions ii) wewfbœ Avw_©K cÖwZôv‡bi BKz¨BwU †cøm‡g›U
iii) Private capital raising: iii) cÖvB‡fU g~jab msMÖn:
a) Equity K) BKy¨BwU
b) Debt L) FY
c) Hybrid M) nvBweªW
iv) Advisory of private placement of securities iv) cÖvB‡fU †cøm‡g›U msµvšÍ civgk© †mev
v) Corporate management advisory v) cÖvwZôvwbK eë¯’vcbvg~jK civgk© †mev
vi) Arranging activities related to trustees for securities vi) wmwKDwiwUR Gi wel‡q Uªvw÷ msµvšÍ mnvqZv
vii) Arranging credit rating agency related activity vii) ‡µwWU †iwUs G‡RwÝ msµvšÍ mnvqZv
2. Agrani SME Financing Company Limited 2. AMÖYx GmGgB dvBb¨vwÝs †Kv¤úvwb wjwg‡UW
Agrani SME Financing Company Limited is a 100 AMÖYx GmGgB dvBb¨vwÝs †Kv¤cvwb wjwg‡UW, AMÖYx e¨vsK
percent owned Subsidiary Public Limited Company
wjwg‡U‡Wi 100 kZvsk gvwjKvbvq cÖwZwôZ GKwU mvewmwWqvwi
of Agrani Bank Limited. The Company is one of the
Non-Banking Financial Institutions (NBFIs) currently cvewjK wjwg‡UW †Kv¤úvwb| eZ©gv‡b †`‡ki bb-e¨vswKs Avw_©K
rendering financial services to the existing and potential cÖwZôvb¸‡jvi Ab¨Zg GKwU cÖwZôvb wnmv‡e †Kv¤úvwbwU ‡`‡ki
entrepreneurs in Bangladesh. It is for the development
of entrepreneurship and small and medium scale
we`¨gvb D‡`¨v³v Ges m¤¢vebvgq D‡`¨v³v‡ì‡K Avw_©K †mev
labour intensive enterprises to increase the income cÖ`vb Ki‡Q| †Kv¤úvwbwU D‡`¨v³v Dbœqb, missing middle
and employment for the missing middle eligible Rb‡Mvôxi Kg©ms¯’vb m„wó I Avq e„w×i j‡¶¨ kÖg wbweo ¶z`ª I
entrepreneurs with particular emphasis to women
entrepreneurs in the urban, semi-urban and rural areas gvSvwi D‡`¨vM MÖnY Ges we‡kl K‡i kni, Dckni Ges MÖvgxY
in the Company’s operational areas. gwnjv D‡`¨v³v Dbœq‡b ¸iæZ¡c~Y© f‚wgKv cvjb Ki‡Q|

Second Annual General Meeting of Agrani SME Financing Company Limited
Objectives D‡Ïk¨vejx
• Develop entrepreneurship and small/medium scale • D‡`¨v³v Dbœqb Ges kÖg wbweo ¶z`ª I gvSvwi D‡`¨vM
labour intensive enterprises. MÖnY|
• Increase income and employment for the
• D‡`¨v³v‡ì Kg©ms¯’vb m„wó Ges Avq e„w×|
entrepreneurs.
• Promote women entrepreneurs. • gwnjv D‡`¨v³v Dbœqb|

• Generate income and support a more equitable • Avq e„w×mn b¨vq msMZ Avq weZi‡Y mnvqZv|
income distribution.
• Arrange entrepreneurship development training • FY weZi‡Yi c~‡e© D‡`¨v³v Dbœqb I `¶Zv e„w×i Rb¨
and skill development training for the entrepreneurs cÖwk¶‡Yi Av‡qvRb Kiv|
before disbursing loan.
g~jab KvVv‡gv
Company’s Capital
Aby‡gvw`Z g~jab : 500 †KvwU UvKv|
Authorized Capital : 500 crore.
cwi‡kvwaZ g~jab : 100 †KvwU UvKv|
Paid-up Capital : 100 crore.
Coverage
AvIZvf‚³ GjvKv
• Principal Branch, Dhaka.
• cÖavb kvLv, XvKv|
• 20 Branches in greater Faridpur district.
• e„nËi dwi`cyi AÂ‡ji 20wU kvLv|
• 20 Branches in greater Mymensingh district.
• e„nËi gqgbwmsn AÂ‡ji 20wU kvLv|
Type of Enterprises to be Financed FY cÖ`v‡bi LvZmg~n
All viable enterprises under the following sectors are wbgœwjwLZ m¤¢vebvgq LvZmg~‡n FY cÖ`vb‡hvM¨:
eligible for finance:
• Small & medium scale agro-based and agro- • ¶z`ª I gvSvwi ai‡Yi K…wl wfwËK Ges K…wl mn‡hvMx
supporting industries including food processing wkímg~n †hgb: Lv`¨ cÖwµqvKiY, K…wlRvZ hš¿cvwZ I
and industries manufacturing agricultural tools. nvwZqvi Drcv`b|
136
• Textile/Garments related enterprises. • ZuvZ I †cvkvK wkí|
• Cottage industries. • KzwUi wkí|
• Small scale repair workshop. • ¶z`ª †givgZ KviLvbv|
• Small scale rural haulage transport. • ¶z`ª MÖvgxY cwienY|
• Service organization etc. • wewfbœ †mevg~jK cÖwZôvb|

• Other viable enterprises. • Ab¨vb¨ m¤¢vebvgq cÖKímg~n|
Loan Range
FY mxgv
• Minimum Tk. 50,000 and maximum Tk. 20,00,000. • me©wbgœ 50,000 UvKv Ges m‡e©v”P 20,00,000 UvKv|
• cÖ‡qvR‡bi gvcKvwV‡Z Ges ‡Kv¤úvwbi cwiPvjbv cwil‡ì
• Loan range can be changed by the Board of
Directors as and when necessary. wm×všÍµ‡g FY mxgv cwieZ©b‡hvM¨|
Interest Rate my‡ì nvi

• 14 kZvsk (µgn«vmgvb cÖ×wZ)|
• 14 percent (at declining balance method).
• 14 kZvs‡ki ga¨ ‡_‡K 2 kZvsk FY loss provision Lv‡Z
• Out of 14 percent, 2 percent is being kept in loan
loss provision fund.
ivLv n‡”Q|
Equity Share BKz¨BwUi AbycvZ

• Minimum 10 percent in case of enterprise cost up to • †Kv¤cvwbi wewb‡qvM 1,00,000 UvKv ch©šÍ n‡j D‡`¨v³vi
Tk. 1,00,000. wbR¯^ wewb‡qvM me©wb¤œ 10 kZvsk|
• Minimum 20 percent in case of enterprise cost • †Kv¤cvwbi wewb‡qvM 1,00,000 UvKvi Dc‡i n‡j
above Tk. 1,00,000. D‡`¨v³vi wbR¯^ wewb‡qvM me©wbgœ 20 kZvsk|
Repayment Period FY cwi‡kv‡ai mgqKvj
• Maximum 5 years. • m‡e©v”P 5 eQi|
Special features of the Company †Kv¤cvwbi Ab¨vb¨ we‡kl w`Kmg~n
• Arrange and conduct free training with residential • AvevwmK myweavmn D‡`¨v³v Dbœqb I `¶Zv Dbœqb
facility for the entrepreneurs. cÖwk¶‡Yi Av‡qvRb Kiv|
• Give priority to the women entrepreneurs while • FY Aby‡gv`b I cÖwk¶Y cÖ`v‡b gwnjv D‡`¨v³v‡ì‡K
approving loans and imparting training (skill AMÖvwaKvi cÖ`vb (`¶Zv e„w× Ges m‡PZbZv m„wói
development training and awareness training). cÖwk¶Y)|
• Engage women development officers for women • gwnjv D‡`¨v³v Dbœq‡bi Rb¨ ïaygvÎ gwnjv Dbœqb Kg©KZ©v
entrepreneurs exclusively. wb‡qvwRZKiY|
• Monitor loan utilization closely to ensure recovery of • F‡Yi h_vh_ eënvi Ges mgqgZ FY Av`vq wbwðZKi‡Y
loans timely. Z`viwK Kiv|
• Help Company to attain sustainability gradually. • ch©vqµ‡g †Kv¤cvwb‡K ‡UKmB Kiv|
• Develop savings habit among the rural people. • MÖvgxY Rb‡Mvôxi gv‡S mÂ‡qi Af¨vm m„wó Kiv|
3. Agrani Exchange House Private Limited, Singapore 3. AMÖYx G·‡PÄ nvDR cÖvB‡fU wjwg‡UW, wm½vcyi
Agrani Exchange House Private Limited (AGEX) is a AMÖYx G·‡PÄ nvDR cÖvB‡fU wjwg‡UW (AGEX), wm½vcyi,
remittance company incorporated in Singapore on GKwU †iwgU¨vÝ †Kv¤úwb hv 2002 m‡bi 4 Rvbyqvwi Zvwi‡L
January 04, 2002 under Company Act CAP. 50. It is a fully wm½vcy‡ii †Kv¤úvwb AvBb wmGwc.50 Abyhvqx wbewÜZ nq|
owned subsidiary of Agrani Bank Limited, embarked its cÖevmx evsjv‡`kx‡ì AwR©Z A_© wm½vcyi †_‡K wbwe©‡Nœ
journey in Singapore on February 08, 2002 for catering evsjv‡`‡k †cÖi‡Yi myweav‡_© AMÖYx e¨vsK wjwg‡U‡Wi m¤ú~Y©

the long-felt need of hassle free transfer of money gvwjKvbvq 2002 m‡bi 8 †deªæqvwi G·‡PÄ nvDRwUi
by the Bangladeshi expatriates from Singapore. The eëmvwqK Kvh©µg ïiæ nq| cÖwZôvbwU wm½vcy‡ii 5G, †j¤^y
Company is situated at 5A, Lembu Road, Singapore.
At the initiation its authorised and paid-up capital was
†iv‡W Aew¯’Z| cÖwZôvj‡Mœ †Kv¤úvwbwUi Aby‡gvw`Z g~jab
SGD 200000.00 and SGD 200000.00 respectively. The wQj GmwRwW 2,00,000 Ges cwi‡kvwaZ g~jab wQj
Company has completed its 11th year of operation GmwRwW 2,00,000| †Kv¤úvwbwU 11 eQi a‡i Zvi Kvh©µg
in Singapore very successfully. In view of providing AZ¨šÍ mdjZvi ms‡M m¤úbœ K‡i‡Q| we‡`‡k emevmiZ
remittance services to the Bangladeshi expatriates evsjv‡`wk bvMwiK‡ì‡K AviI wbKUZg Ae¯’vb †_‡K
from their nearest locations, it had opened its second †iwgU¨vÝ †mev cÖ`v‡bi j‡¶¨ †Kv¤úvwbwU RyjvB 2010 m‡b
branch at Boon Lay Place in July 2010 and the third Boon Lay Place-G wØZxq kvLv Ges wW‡m¤î 2012 m‡b
branch at Jurong East in December 2012. Despite
Jurong East-G Z…Zxq kvLv Pvjy K‡i| `yÕ†`‡ki wewa eë¯’v
world economic meltdown, the Company is growing
remarkably over the years under the strict regulatory cwicvj‡bi ga¨w`‡q wek¦e¨vcx g›`v m‡Ë¡I weMZ K‡qK eQ‡i
compliances with both originating and destination end. †Kv¤úwbwU D‡jøL‡hvM¨ nv‡i AMÖMwZ mvab K‡i‡Q|
With heightened competition among the market wm½vcy‡i mgchv©‡qi †Kv¤úvwb¸‡jvi gv‡S Zxeª cÖwZ‡hvwMZvi
players, Agrani Exchange House Private Limited ga¨w`‡q gv‡K©U wjWvi nIqvi j‡¶¨ Ges eëmvwqK mKj
has put in place a number of strategies to maintain
sustainable growth in all indicators during past years to
†¶‡Î †UKmB cÖe„w× eRvq ivLvi R‡b¨ weMZ eQi mg~‡n AMÖYx
remain market leader in Singapore. The real time online G·‡PÄ nvDR cÖvB‡fU wjwg‡UW wKQy †KŠkj Aej¤^b K‡i‡Q|
money transfer solution of the Company allows the AbjvBb wi‡qj UvBg gvwb UªvÝdvi mjy¨k‡bi gva¨‡g †mev
beneficiaries to receive remittance from all locations †fvMKvixMY Zvr¶wYKfv‡e AMÖYx e¨vsK wjwg‡U‡Wi †h †Kvb
of Agrani Bank Limited instantly which greatly been kvLvi gva¨‡g †iwgU¨vÝ †mev cv‡”Qb hv †iwgUvi‡ì AGEX
encouraged the remitters to send money through this nvDR Gi gva¨‡g †iwgU¨vÝ cvVv‡Z D×z× Ki‡Q| †Kv¤úvwbwU
AGEX House. The Company is continuously putting †i¸‡jUwi MvBW jvB‡bi mv‡_ msMwZ ‡i‡L Ges mg‡qi mv‡_
all its efforts to remain compliant under the regulatory mv‡_ `ªæZ GwM‡q hvIqvi j‡¶¨ MÖvnK †mevi gvb e„w× wbwðZ
guidelines and to develop standard of services to
ensure hefty growth in times ahead.
Ki‡Z me©vZ¥K cÖ‡Póv Pvwj‡q hv‡”Q|
In year 2013, the company has been able to achieve 2013 m‡b †Kv¤úvwbwUi D‡jøL‡hvM¨ cÖe„w× AR©b Ki‡Z m¶g
remarkable growth. During the year the company
sent the total number of 2,87,674 remittance and the n‡q‡Q| mswkøó eQ‡i †Kv¤úvwbwUi †iwgU¨vÝ msL¨v 2,87,674wU
remitted amount was Tk. 1,153.45 crore.
Ges †`‡k †cÖwiZ †iwgU¨vÝ 1,153.45 †KvwU UvKv|
4. Agrani Remittance House Sdn. Bhd., Malaysia 4. AMÖYx †iwgU¨vÝ nvDR GmwWGb. weGBPwW., gvj‡qwkqv
Agrani Remittance House Sdn. Bhd., Malaysia is a AMÖYx †iwgU¨vÝ nvDR GmwWGb. weGBPwW., gvj‡qwkqv,
fully owned subsidiary of Agrani Bank Limited which
AMÖYx e¨vsK wjwg‡U‡Wi m¤ú~Y© gvwjKvbvq cÖwZwôZ GKwU
launched its journey on January 13, 2006. Agrani
mvewmwWqvwi †Kv¤úvwb hv 2006 m‡bi 13 Rvbyqvwi hvÎv
Remittance House Sdn. Bhd. is situated at 14-16 ïiæ K‡i| cÖwZôvbwU 14-16 (Z…Zxq Zjv) Rjvb n¨vs Kv¯‘ix,
(2nd floor) Jalan Hang Kasturi, 50050, Kuala Lumpur, 50050, Kzqvjvjvgcyi, gvj‡qwkqvq Aew¯’Z| AMÖYx †iwg‡UÝ
Malaysia. The Company got license on September 06, nvDR GmwWGb. weGBPwW. 2005 m‡bi 6 †m‡Þ¤î e¨vsK
2005 from Bank Negara Malaysia. †b‡Miv, gvj‡qwkqv n‡Z jvB‡mÝ cÖvß nq|
Agrani Remittance House Sdn. Bhd., Malaysia started gvj‡qwkqvq emevmiZ evsjv‡`kx‡ì AwR©Z UvKv `ªyZ Ges
its mission with a view to transferring the money wbivc‡` ‡`‡k †cÖi‡Yi D‡Ï‡k¨ †Kv¤úvwbwU hvÎv ïiæ K‡i|
quickly and safely from Malaysia to Bangladesh by ïiæ †_‡KB AÎ †Kv¤úvwb cÖevmx evsjv‡`wk‡ì‡K Gi
the Bangladeshi expatriates. Since the inception, it
†bUIqv‡K©i AvIZvq G‡b Zv‡ì KóvwR©Z ê‡`wkK gy`ªv
has been trying relentlessly to bring Bangladeshi
expatriates under its network for sending their hard wbwe©‡Nœ †cÖiY wbwðZ Kivi Rb¨ wbijm cÖ‡Póv Pvwj‡q hv‡”Q|
earned money conveniently. In the mean time, this B‡Zvg‡a¨ AÎ †iwgU¨vÝ nvD‡Ri gva¨‡g 2010 m‡b 158.49
remittance house has remitted Tk. 158.49 crore in †KvwU UvKv, 2011 m‡b 207.15 †KvwU UvKv, 2012 m‡b
2010, Tk. 207.15 crore in 2011and Tk. 342.32 crore in 342.30 †KvwU UvKv Ges 2013 m‡b 409.40 †KvwU UvKv
2012 from Malaysia to Bangladesh. The Company also
gvj‡qwkqv n‡Z evsjv‡`‡k †cÖiY Kiv n‡q‡Q| evsjv‡`‡k
assists Bangladeshi expatriates to open bank account
AMÖYx e¨vsK wjwg‡U‡Wi kvLvmg~‡n wnmve †Lvjvq †iwgU¨vÝ
with different branches of Agrani Bank Limited and
motivate to purchase different types of government nvDRwU mn‡hvwMZvmn wewfbœ cÖKvi miKvwi eÛ µ‡q cÖevmx
bonds. The Remittance House has been operating evsjv‡`wk‡ì DØy× Ki‡Q| ïiæ †_‡KB †iwgU¨vÝ nvDRwU
138
A photo session after opening of Bukit Mertajam Branch at Penang, of Agrani Remittance House Sdn. Bhd., Malaysia
its remittance business with only one branch in Kuala Kzqvjvjvgcyi kn‡i GKwU gvÎ kvLvi gva¨‡g †iwgU¨vÝ eëmv
Lumpur, Malaysia. Recently, Agrani Remittance house
Pvwj‡q Avm‡Q| m¤úªwZ †iwgU¨vÝ nvDRwUi eëmv e„w×i j‡¶¨
has undertaken massive action plan for accelerating
its remittance business by implementing innovative D™¢vebx wecYb †KŠkj MÖnYmn AvMvgx `yB eQ‡ii g‡a¨
marketing strategies and opening 20 more new gvj‡qwkqv‡Z evsjv‡`kx Aay¨wlZ GjvKvmg~‡n AMÖYx †iwgU¨vÝ
branches of Agrani Remittance House at Bangladeshi nvD‡Ri AviI 20wU bZzb kvLv †Lvjvi D‡`¨vM MÖnY Kiv
concentrated areas in Malaysia within next two years.
n‡q‡Q| AMÖYx †iwg‡UÝ nvDR GmwWGb. weGBPwW. GKwU
Agrani Remittance House Sdn. Bhd., Malaysia is a
profitable company and it has completed its 7 years of jvfRbK †Kv¤úvwb hv AZ¨šÍ mdjZvi mv‡_ weMZ mvZ eQi
operations very successfully. hveZ eëmvwqK Kvh©µg cwiPvjbv Ki‡Q|
5. Agrani Exchange Company (Australia) Pty. Limited 5. AMÖYx G·‡PÄ †Kv¤cvwb (A‡óªwjqv) wcwUIqvB. wjwg‡UW
To channelize more remittance through banking cÖkvšÍ gnvmvMixq Øxc gnv‡`k A‡óªwjqv n‡Z e¨vswKs P¨v‡b‡j
channel from the Pacific Ocean island continent †iwgU¨vÝ cÖevn e„w×i j‡¶¨ evsjv‡`wk Aay¨wlZ wmWbx kn‡i
Australia; Agrani Bank Limited has decided to open an AMÖYx e¨vsK wjwg‡UW Zvi m¤ú~Y© wbR¯^ gvwjKvbvq GKwU
Exchange House of its own at Bangladeshi habitat area †iwgU¨vÝ nvDR †Lvjvi wm×všÍ MÖnY K‡i| GZ`&‡cÖw¶‡Z e¨vsK
in the city of Sydney. In view to above, Bank has got
10 A‡±vei 2011 Zvwi‡L evsjv‡`k e¨vsK Gi Aby‡gv`b MÖnY
the approval from Bangladesh Bank as on 10 October,
K‡i| AZ:ci e¨vsK 24 wW‡m¤î 2012 Zvwi‡L Australian
2011. Australian Securities and Investment Commission
Securities and Investment Commission (ASIC) n‡Z
(ASIC) has granted Australian Financial Services License
Agrani Exchange Company (Australia) Pty. Limited GB
(AFSL) on 24 December 2012 to conduct remittance
bv‡g †iwgU¨vÝ eëmv msµvšÍ Australian Financial Services
business in the name of ‘Agrani Exchange Company
License (AFSL) MÖnY K‡i|
(Australia) Pty. Limited.’
The Board of Directors of Agrani Exchange Company Agrani Exchange Company (Australia) Pty. Limited Gi
(Australia) Pty. Limited is constituted with 4 members; cwiPvjbv cwil‡ì m`m¨ msL¨v PuviRb hvi g‡a¨ AMÖYx e¨vsK
among them one is nominated from the Board of wjwg‡UW Gi cwiPvjbv cwil‡ì GKRb cwiPvjK, e¨vs‡Ki
Directors of ABL, Managing Director & CEO, 1 Deputy eë¯’vcbv cwiPvjK Ges wmBI, GKRb Dc-eë¯’vcbv
Managing Directors of ABL and one Bangladeshi cwiPvjK Ges evsjv‡`wk es‡kv™¢yZ GKRb A‡óªwjqvb bvMwiK
born Australian citizen. A Deputy General Manager i‡q‡Qb| Exchange HousewU‡Z e¨vs‡Ki GKRb Dc-

Second Board meeting of Agrani Exchange Company (Australia) Pty. Limited
has been appointed as CEO of Agrani Exchange gnveë¯’vcK‡K wmBI wn‡m‡e wb‡qvM Kiv n‡q‡Q| B‡Zvg‡a¨
Company (Australia) Pty. Limited. Office for the kc bs 2, 168 njWb wóªU, †j‡K¤^v, GbGmWweøD 2195,
Exchange House has been opened at shop No. 2, 168
wmWwb, A‡óªwjqv‡Z Exchange House-Gi Rb¨ Awdm †bqv
Holdon Street, Lekemba, NSW-2195, Sydney, Australia.
n‡q‡Q Ges 24 A‡±vei 2013 ZvwiL n‡Z †iwgU¨vÝ AvniY
The remmittance house started its activities from 24
October 2013.
Kvh©µg ïiæ n‡q‡Q|
6. Agrani Remittance House Canada Inc. 6. AMÖYx †iwgU¨vÝ nvDR KvbvWv AvBGbwm.
Agrani Bank Limited has the plan to open and operate ê‡`wkK †iwgU¨vÝ Avni‡Y wewfbœ m¤¢vebvgq †`‡k AMÖYx e¨vsK
more number of exchange houses in different feasible wjwg‡UW Gi AviI K‡qKwU wbR¯^ †iwgU¨vÝ nvDR †Lvjvi
countries to extract good number of remittances. In the cwiKíbv i‡q‡Q| e¨vs‡Ki 100 kZvsk gvwjKvbvq 2960
name of ‘Agrani Remittance House Canada Inc.’, a 100 †Wb‡dv_© GwfwbD, U‡i‡›Uv, KvbvWvq ‘Agrani Remittance
percent owned Agrani Bank Limited’s company is waiting
House Canada Inc.’, bv‡g e¨vs‡Ki GKwU wbR¯^ †iwgU¨vÝ nvDR
to operate its activity after getting the approval from
hv 24 †m‡Þ¤î 2012 Zvwi‡L evsjv‡`k e¨vs‡Ki Aby‡gv`b wb‡q
Bangladesh Bank, dated 24-09-2012. Accordingly, an office
Kvh©µg cwiPvjbvi A‡c¶vq Av‡Q| †m j‡¶¨ e¨vs‡Ki GKRb
is arranged at 2960 Denforth Avenue, Toranto, Canada
mnKvix gnveë¯’vcK‡K D³ G·‡PÄ nvD‡Ri cÖavb wbe©vnx
and an Assistant General Manager of the Bank has been
appointed there on deputation as the CEO & Director.
Kg©KZ©v I cwiPvjK wnmv‡e †cÖl‡Y wb‡qvM †Ìqv n‡q‡Q|
Agrani Remittance House Canada Inc. was inuguarated MZ 7 †deªæqvwi 2014 Zvwi‡L KvbvWvi U‡i‡›Uv‡Z evOvwj
by the MD & CEO of Agrani Bank on 7th february Aay¨wlZ 2960, Wvb‡dvW© GwfwbD-G AMÖYx e¨vs‡Ki eë¯’vcbv
2014 at 2960 Denforth Avenue, Toranto; a bangali cwiPvjK Ges wmBI ‘Agrani Remittance House Canada
consentrated areas. The activities of this remittance Inc.’, Gi ïf D‡Øvab K‡ib| †iwgU¨vÝ nvDRwUi Kvh©µg †g
house will be started on May 2014. 2014 n‡Z ïiæ n‡e|
Contribution to the National Exchequer RvZxq ivR¯^ Lv‡Z Ae`vb
The Bank pays income taxes regularly on its income. It e¨vsK Zvi Av‡qi Ici wbqwgZ AvqKi cwi‡kva K‡i _v‡K|
also deducts income tax, value added tax and excise e¨vs‡Ki wewfbœ ai‡Yi cwi‡kva ev mvwf©m cÖ`v‡bi mgq
duty at source as per law from various payments AvBbvbyhvqx AvqKi, g~j¨ ms‡hvRb Ki Ges AveMvix ïé
140
and services and deposits the same to the national KZ©b K‡i Zv miKvwi †KvlvMv‡i Rgv Kiv nq| e¨vsK Zvi
exchequer. ABL pays tax on behalf of its employees.
Kg©x‡ì c‡¶ AvqKi cwi‡kva K‡i _v‡K| 2013 Ges 2012
Total payments to the national exchequer during 2013
mv‡j RvZxq ivR¯^ Lv‡Z Rgvi cwigvY wb¤œiƒc:
and 2012 are shown below:
Taka in crore
Particulars 2013 2012
Payment of advance tax on bank’s income 133.76 91.10
Staff income tax paid by the Bank 3.13 6.59
Tax deducted at source and deposited 120.18 112.30
VAT deducted source and deposited 34.24 31.71
Excise duty deducted and deposited 38.10 32.53
Total 329.41 274.23
Contribution to the National Economy RvZxq A_©bxwZ‡Z f‚wgKv

The Bank plays an important role in the development MÖvgxY A_©bxwZi Dbœq‡b e¨vsK ¸iæZ¡c~Y© f‚wgKv cvjb Ki‡Q|
of rural economy. It has got 899 branches across the
country. The Bank operates many branches in the †`‡ki cÖZ¨šÍ AÂjmn mviv‡`‡k e¨vs‡Ki 899wU kvLv Av‡Q|
remote areas to provide the banking services to the
rural people, though operations of those branches A‡bK¸‡jv kvLv e¨vs‡Ki Rb¨ A_©‰bwZKfv‡e AbyK~j bq
are not financially viable to the Bank. It also plays an ZviciI cÖZ¨šÍ AÂ‡ji MÖvgxY gvbyl‡ì †mev cÖ`v‡bi j‡¶¨
important role in reducing unemployment problem by
way of participating in different employment generation kvLv¸‡jv cwiPvwjZ n‡”Q| †eKvi mgm¨v wbim‡b e¨vsK
activities. At the end of 2013, the total number of staff
members stood at 14,005 Since its beginning, the
¸iæZ¡c~Y© f‚wgKv ivL‡Q| 2013 mv‡ji †k‡l e¨vs‡Ki gvbe
Bank has been highly active in remittance operations m¤ú` wQj 14,005 Rb| cÖevwm evsjv‡`wk‡ì DcvR©bK…Z
to facilitate disbursement of remittances received
from Bangladeshi wage earners working abroad. gy`ªv MÖnY Kivi Kv‡R ïiæ ‡_‡K e¨vsK ê‡`wkK gy`ªv Kvh©µg
The remitted money can now be deposited to the Pvwj‡q Avm‡Q| 24 N›Uvi g‡a¨ †cÖwiZ ê‡`wkK gy`ªv ‡`‡ki
beneficiaries’ account within maximum 24 hours. The
introduction of on-line distribution of remittances has myweavMÖnYKvixi wnmv‡e Rgv nq| AbjvBb weZiY c×wZi
generated much enthusiasm among the expatriate
Bangladeshi workers. cÖPjb cÖevmx evsjv‡`wk Kgx©‡ì g‡a¨ wecyj Drmvn hywM‡q‡Q|
Outlook for 2014 m¤¢vebvi 2014

In spite of tremendous competitions and challenges, Zxeª cÖwZ‡hvwMZv Ges bvbvwea P¨v‡jÄ _vKv m‡Ë¡I e¨vsK cÖvq
the Bank has made progress in almost all spheres mKj ¸iæZ¡c~Y© †¶‡ÎB DbœwZ Ki‡Z m¶g n‡q‡Q| e¨vsK G
of business. To meet the challenges and to stay
mKj cÖwZ‡hvwMZv Ges P¨v‡jÄ †gvKvwejvq Kgx©‡ì `¶Zv
competitive, it has upgraded the skills of its workforce
and to introduce automation where possible, in its
e„w× K‡i Ges †hLv‡b hZUv m¤¢e AvaywbKvqb K‡i e¨vswKs
operation. It will continue to focus on achieving steady Kvh©µg Pvwj‡q hv‡”Q| e¨vsK m¤úwËi ¸YMZgvb Dbœqb,
growth, by upgrading the quality of assets, augmenting D”PZi my` Avq, DbœZZi †mev I Kg© cwiPvjbvi gva¨‡g Gi
interest and rendering quality service and operation. eëmvi cÖe„w× AR©‡b `„pZvi mv‡_ GwM‡q hv‡e| GQvovI `¶
Moreover, it will constantly persuit the policies of Rbej, eëmvwqK mykvmb I SzuwK eë¯’vcbvi j‡¶¨ cÖwZwbqZ
recruitment of skilled manpower, good corporate
myôz cwiKíbv MÖnY Kiv n‡e|
governance practices, and sound risk management.
We will make every effort to earn high operating profit, D”P Acv‡iwUs gybvdv AR©b, by¨bZg g~jab msi¶Y,
maintain minimum capital adequacy, bring classified †kÖbxweb¨vwmZ FY me©wb¤œ ch©v‡q bvwg‡q Avbv Ges mKj LvZ
loan at a minimum level and to do best in all sectors †hgb- Avg`vwb ißvwb eëmv, †iwgU¨vÝ AvniY, Znwej e¨q
including deposit, credit, import, export, remittance, msi¶Y BZ¨vw` wel‡q mdjZv AR©‡b me©vZ¥K cÖ‡Póv Ae¨vnZ
cost of fund etc. Moreover, we want to make utmost _vK‡e| GQvovI mgv‡Ri Dbœq‡b e¨vsK h_vmva¨ f‚wgKv cvjb
contribution to the society in which we operate. Ki‡e|

Preparation of Financial Statements wnmve cÖ¯‘ZKiY
The financial statements, prepared by the Bank in
evsjv‡`k GKvDw›Us ÷vÛvW© (weGGm), evsjv‡`k wdbvbwmqvj
accordance with the Bangladesh Accounting Standards
(BAS) and Bangladesh Financial Reporting Standards wi‡cvwU©s ÷vÛvW© (weGdAviGm) Ges evsjv‡`k e¨vs‡Ki weAviwcwW
(BFRS) and in the format prescribed by Bangladesh Bank mvKz©jvi bs 14, ZvwiL 25 Ryb 2003 G cÖ`Ë QK †gvZv‡eK
vide BRPD Circular No. 14 dated 25 June 2003, give a true
wnmve ˆZix Kiv n‡q‡Q| 2013 mv‡ji †k‡l cÖYxZ wnmv‡e e¨vs‡Ki
and fair view of the state of affairs as at December 31, 2013.
The results of its operations and its cash flows for the year cÖK…Z wPÎ dz‡U D‡V‡Q| eëmvwqK Kvh©µ‡gi djvdj Ges bM`
ended December 31, 2013 comply with the applicable cÖevn BZ¨vw` mwVKfv‡e cÖwZdwjZ n‡q‡Q| e¨vsK †Kv¤úvwbR G¨v±
sections of The Bank Companies Act 1991 and other
1991 Ges Ab¨vb¨ mswkøó weavb I AvBbvbymv‡i wnmve cÖ¯‘Z Kiv
applicable laws and regulations. The financial statements
have been duly certified by the statutory auditors. n‡q‡Q hv h_vh_fv‡e wbix¶KMY KZ©„K wbixw¶Z n‡q‡Q|
Dividend Declaration jf¨vsk †NvlYv

The Board of Directors did not recommend any cwiPvjbv cwil` KZ…©K 2013 m‡bi Rb¨ †Kvb jf¨vsk
dividend for the year 2013. cÖ`v‡bi mycvwik Kiv nqwb|
Annual General Meeting evwl©K mvaviY mfv

The seventh Annual General Meeting of the Bank will e¨vs‡Ki 7g evwl©K mvaviY mfv 7‡g 2014 Zvwi‡L XvKvq
be held on 7 May 2014 in Dhaka. AbywôZ n‡e|
Appointment of Auditors wbix¶K‡ì wb‡qvM

Hoda Vasi Chowdhury & Co., Chartered Accountants û`v fvwm †PŠayix GÛ †Kvs, PvU©vW© GKvD›U¨v›Um Ges G.
and A.Qasem & Co., Chartered Accountants have been Kv‡kg GÛ †Kvs, PvU©vW© GKvD›U¨v›Um dvg©Øq‡K e¨vs‡Ki
appointed as the external Auditors of the Bank in the ewntwbix¶‡Ki KvR Kivi Rb¨ h_vixwZ 6ô evwl©K mvaviY
6th Annual General Meeting. The above two audit firms mfvq wb‡qvM cÖ`vb Kiv n‡q‡Q| evsjv‡`k e¨vs‡Ki ZvwjKv
were appointed from Bangladesh Bank’s enlisted ‘A’ †_‡K ÔGÕ K¨vUvMwif‚³ Dc‡iv³ `yÕwU AwWU dvg©‡K bZzb
category audit firms. wbix¶K wn‡m‡e wb‡qvM Kiv n‡q‡Q|
Acknowledgements K…ZÁZv ¯^xKvi

The success of the Bank during the year under review eZ©gvb eQ‡i e¨vsK †h mvdj¨ AR©b K‡i‡Q Zv wewfbœ chv©‡qi
is mainly attributable to the support and cooperation †÷K‡nvìvi‡ì Ae`vb Qvov m¤¢e n‡Zv bv| e¨vs‡Ki mv‡_
from the varied group of stakeholders. We gratefully
m¤úK© `„p Ki‡Y †h me mš§vwbZ MÖvnK AvšÍwiK wQ‡jb, cwil`
acknowledge the support provided by all valued
customers who have been with us in the course of our Zuv‡ì cÖwZ K…ZÁ| cwil` e¨vs‡Ki c„ô‡cvlK, ïfvbya¨vqx,
journey. We also place on record our thanks and gratitude miKvi, evsjv‡`k e¨vsK, R‡q›U óK †Kv¤úvwb I dvg© mg~‡ni
to the patrons, well-wishers, Government of Bangladesh, †iwR÷ªvi‡K AvšÍwiK abëv` Ávcb Ki‡Q e¨vs‡Ki Awfó
Bangladesh Bank and Registrar of Joint Stock Companies
j¶¨ AR©‡b wbišÍi mg_©b I mn‡hvwMZv cÖ`v‡bi Rb¨| mgqgZ
and Firms for their continued support and co-operation.
We are also thankful. Hoda Vasi Chowdhury & Co., wbix¶v m¤úbœ Kivi Rb¨ cwiPvjbv cwil` Gi cÿ †_‡K û`v
Chartered Accountants and A.Qasem & Co., Chartered fvwm †PŠayix GÛ †Kvs, PvU©vW© G¨vKvD›U¨v›Um Ges G. Kv‡kg
Accountants, the auditors of the Bank, for their timely
GÛ †Kvs, PvU©vW© G¨vKvD›U¨v›Um‡K abëv` Rvbvw”Q|
completion of audit of Financial Statements.
The employees including the members of top e¨vs‡Ki cwiPvjbv Kvh©µgmn mKj †¶‡Î Dbœqb Z¡ivwš^Z
management of the Bank came up with their total Kivi j‡¶¨ GKwbô _vKvi AsMxKv‡ii Rb¨ cwiPvjbv cwil`
142
commitment in implementing the agenda for e¨vs‡Ki DaŸ©Zb wbev©nxmn me©¯Í‡ii Kg©KZv© I Kg©Pvixe„›`‡K
improvement in a number of spheres of the banking
abëv` Ávcb Ki‡Q|
operation. The Board takes this opportunity to thank
them all.
Finally, the Board would like to thank the respected cwi‡k‡l, cwiPvjbv cwil` mš§vwbZ †kqvi‡nvìviMY‡K
shareholders and assure them that it will continue we‡klfv‡e abëv` Ávcb Ki‡Q e¨vs‡Ki Dci wek¦vm I Av¯’v
to add to the shareholders’ Interest through further ¯’vc‡bi Rb¨| †mB mv‡_ Zv‡ì‡K cwiPvjbv cwil` Avk¦¯Í Ki‡Q
strengthening and development of the Bank in which †h, e¨vs‡Ki Kvh©µg kw³kvjx K‡i G cÖwZôv‡bi Dbœq‡bi gva¨‡g
they have placed trust and confidence. Zviv †kqvi‡nvìviM‡Yi ¯^v_© myi¶vq cÖqvm Ae¨vnZ ivL‡e|
For and on behalf of the Board of Directors cwiPvjbv cwil‡ì c¶ †_‡K
Khondoker Bazlul Hoque, PhD L›`Kvi eRjyj nK, wcGBPwW

Chairman †Pqvig¨vb


Corporate Governance

Corporate Governance
Corporate Governance is a set of conditions and sound approaches by which corporations are controlled and
directed with the intention of monitoring the actions of management and directors and thereby mitigating the
operational risks of the corporations and protecting the interests of the internal (the Board of Directors, executives
and other employees) and external (shareholders, debt holders, trade creditors, suppliers, customers and
communities affected by the corporation’s activities) stakeholders and ensuring democratic practice of ethical
behaviour. Agrani Bank Limited always tries to the maximum level to ensure the best practice of the culture of
corporate governance. A glimpse of corporate governance structure of the bank is as follows:
Board Structure
The Board of Directors consists of 13 members, including the Managing Director & CEO. It has three committees -
Audit Committee, Executive Committee and Risk Management Committee. Consequent upon the corporatization,
the Board now exercises greater autonomy in running the organization more effectively than before.
Meetings of the Board during 2013
48 Board meetings were held in the year 2013. The table given below shows the number of individual attendance
of the directors in board meetings :
Sl. Date of Meetings

Name of Directors Position in the bank
No. appointment Attended
01. Khondoker Bazlul Hoque, PhD Chairman 05-09-2012 48

02. Arastoo Khan Director 24-12-2012 40
03. A.K. Gulam Kibria, FCA Director 06-09-2012 41
04. Engineer Md. Abdus Sabur Director 20-12-2012 46
05. K.M.N. Manjurul Hoque Lablu Director 11-03-2013 34
06. Niaz Rahim Director 20-12-2012 02
07. Advocate Balaram Podder Director 20-12-2012 44
08. Prof. Dr. Md. Abdur Rouf Sardar Director 20-12-2012 47
09. Shameem Ahsan Director 20-12-2012 42
10. Md. Altaf Hossain Molla Director 20-12-2012 48
11. A B M Kamarul Islam Director 20-12-2012 45
12. Hasina Newaaz Director 20-12-2012 33
Managing Director
13. Syed Abdul Hamid, PhD 11-07-2012 48
& CEO
Independent Directors
All members of the Board were nominated by the Government and each of them holds one share which is less than 1
percent of paid-up shares of the Bank. Mr. Arastoo Khan is an Additional Secretary of Planning Commission, Government
of the People’s Republic of Bangladesh and all other directors are from different professions and private sectors. As per
notification of Securities and Exchange Commission (Ref # SEC/CMRRCD/2006-158/ Admin/02-08, dated 20 February
2006, all of them can be justifiably considered as independent directors.
Chairman of the Board and Managing Director & CEO
The Chairman of the Board and Managing Director & CEO of the Bank are two separate individuals. The Chairman is Dr.
Khondoker Bazlul Hoque and Managing Director and CEO is Mr. Syed Abdul Hamid, PhD.
Role of the Board of Directors
The Board plays a decisive role in the total affairs of the Bank. For the overall growth of the Bank, the Board delivered
important directives and guidelines in all major areas to achieve its objectives. The Board of Directors mainly deals
with formulation of business policies, administrative policies, approval of large credit proposals, rescheduling of
loans, remission of interest, annual budget and audited accounts of the Bank. During the period under review, the
Board of Directors took important decisions on different administrative and policy matters that helped achieve the
desired goal of the Bank.
146
Internal Control and Compliance
The Board is responsible for ensuring the operation systems of internal control and for taking reasonable steps
to safeguard the assets of the Bank and detecting & preventing fraud and other irregularities. Audit Manual and
Audit Implementation Manual have been introduced to ensure proper internal control. The board also reviews
the observations of the Board Audit Committee to make sure that internal control & compliance are rigorously
maintained.
Audit Committee
The Audit Committee consists of five members of the Board. All the members of the Committee are non-executive
directors. The committee held four meetings in 2013. The number of meetings held by the committee has been
shown in the table given below:
Sl. Status Position Meetings

Name of Members
No. in the Bank in the Committee Attended
1. Arastoo Khan Director Chairman 03
2. A.K. Gulam Kibria, FCA Director Member 02
3. Engineer Md. Abdus Sabur Director Member 04
4. Advocate Balaram Podder Director Member 04
5. Md. Altaf Hossain Molla Director Member 04
Role of Audit Committee

The Audit Committee has been playing a vital role in strengthening internal control and compliance functions of
the Bank. It ensures all sorts of cooperation between the management and the ultimate supervisory authority –
the Board of Directors .The Committee identifies various risk factors that arise from the business activities of the
Bank, by periodically reviewing the audit reports for safe, sound and disciplined banking operations. Besides,
the Committee gives time befitting directions on preparing risk-based audit planning, reduce the number of
objections of the same nature raised by internal audit by categorizing them according to the nature of objections
and re-defining them as serious and very serious objections. The committee works to ensure that the activities of
the Bank are being carried out in accordance with the applicable rules and regulations of Bangladesh Bank, Bank
Companies Act 1991, Companies Act 1994 and internal rules, regulations and policies of the Bank.
Risk Management
It is important for the Bank to upgrade its risk management strategy in a way that best protects our interests against
any devious transactions. According to the instruction of Central Bank, the Bank has introduced Risk Management
Manuals in six core areas. The Bank has established a structured framework for risk Management. A separate
division of the bank named Core Risk management & Basel II Implementation Division formed on 19 May 2011
as per instruction of Bangladesh Bank has been working rigorously to overcome the challenges of core risk. To
supervise and strengthen the risk management wing of the bank, a risk management committee comprising the
following directors of the board has been formed on 21 September 2013.
Sl. Position Status

Name of Members
No. in the Bank in the Committee
1. Arastoo Khan Director Chairman
2. A.K. Gulam Kibria, FCA Director Member
3. Engineer Md. Abdus Sabur Director Member
4. Prof. Dr. Md. Abdur Rouf Sardar Director Member
5. Shameem Ahsan Director Member

Executive Committee
The executive committee comprising six members from the board of directors acts as a light house for giving
directions for maintaining organizational discipline in the bank. The committee from time to time reviews policies
regarding organizational framework, human resources planning & service rule of the bank. The committee also
evaluates key performance indicators (KPI) of Managing Director & CEO, Deputy Managing Directors and other
senior executives. The committee as a safeguard reviews whenever any irregularities take place by any staff and
takes decisions accordingly.
The Committee held four meetings in 2013. The number of meetings attended by the Executive Committee has
been given below:
Sl. Position Status in the Meetings

Name of Members
No. in the Bank Committee Attended
1. Khondoker Bazlul Hoque, PhD Chairman Chairman 04
2. K.M.N.Manjurul Hoque Lablu Director Member 04
3. Prof. Dr. Md. Abdur Rouf Sardar Director Member 04
4. Shameem Ahsan Director Member 04
5. A B M Kamarul Islam Director Member 04
6. Hasina Newaaz Director Member 02
148
Status of Compliance Requirement of
Bangladesh Bank’s guideline for Corporate Governance
BRPD circular no 16 dated 24.07.2003
Compliance Status Explanation

Sl.
Particulars Not for non
No. Complied
Complied Compliance
1. Responsibilities and authorities of the Board of Directors
(a) Work-planning and strategic management
(i) The Board shall determine the objectives and goals and to
this end shall chalk out strategies and work-plans on annual
basis. It shall specially engage itself in the affairs of making √
strategies consistent with the determined objectives and
goals and in the issues relating to structural change and
reorganization for enhancement of institutional efficiency
and other relevant policy matters. It shall analyze/monitor at
quarterly basis the development of implementation of the
work plans.
(ii) The Board shall have its analytical review incorporated in

the Annual Report as regard the success/failure in achieving
the business and other targets as set out in its annual work-
plan and shall apprise the shareholders of its opinions/ √
recommendations on future plans and strategies. It shall set
the Key Performance Indicators (KPIs) for the CEO and other
senior executives and have it evaluated at times.
(b) Lending and risk management
(i) The policies, strategies, procedures etc. in respect of appraisal

of loan/investment proposal, sanction, disbursement,
recovery, reschedulement and write -off thereof shall be
made with the Board’s approval under the purview of the
existing laws, rules and regulations. The Board shall specially √
distribute the power of sanction of loan/investment and such
distribution should desirably be made among the CEO and
his subordinate executives as much as possible. No director,
however, shall interfere, directly or indirectly, in the process of
loan approval.
(ii) The Board shall frame policies for risk management and get
them complied with and shall monitor at quarterly basis the √
compliance thereof.
(c) Internal control management
The Board shall be vigilant on the internal control system of the

Bank in order to attain and maintain satisfactory qualitative
standard of its loan/investment portfolio. It shall review √
at quarterly basis the reports submitted by its Audit
Committee regarding compliance of recommendations made
in internal and external audit reports and the Bangladesh Bank
inspection reports.

Sl.
No. Complied
Complied Compliance
(d) Human resources management and development

i) Policies relating to recruitment, promotion, transfer, disciplinary
action and punitive measures, human resources development etc.
and Service Rules shall be framed and approved by the Board. The
Chairman or the Directors shall in no way involve themselves or
interfere into or influence over any administrative affairs including
recruitment, promotion, transfer and disciplinary measures as √
executed under the set Service Rules. No member of the Board
of Directors shall be included in the selection committees
for recruitment and promotion to different levels. Recruitment
and promotion to the immediate two tiers below the CEO shall,
however, rest upon the Board. Such recruitment and promotion
shall have to be carried out complying with the Service Rules.
(ii) The Board shall frame the policies and procedures for Bank’s
purchase and procurement activities and shall accordingly
approve the distribution of power for making such expenditures.
The maximum possible delegation of such power shall rest on
√
the CEO and his subordinates. The decision on matters relating
to infrastructure development and purchase of land, building,
vehicles etc. for the purpose of Bank’s business shall, however, be
adopted with the approval of the Board.
(e) Financial management

(i) The annual budget and statutory financial statements shall
finally be prepared with the approval of the Board. It shall at
quarterly basis review/ monitor the positions in respect of Bank’s √
income, expenditure, liquidity, non-performing asset, capital base
and adequacy, maintenance of loan loss provision and steps taken
for recovery of defaulted loans including legal measures.
(ii) The Board shall frame the policies and procedures for Bank’s
purchase and procurement activities and shall accordingly
approve the distribution of power for making such expenditures.
The maximum possible delegation of such power shall rest on
√
the CEO and his subordinates. The decision on matters relating
to infrastructure development and purchase of land, building,
vehicles etc. for the purpose of Bank’s business shall, however, be
adopted with the approval of the Board.
(f) Formation of supporting committees Board found

it prudent to
For decision on urgent matters an Executive Committee, whatever transact all
√ √
name called, may be formed with the Directors. There shall be no relevant issues
Audit Executive in the full
committee or sub-committee of the Board other than the Executive
Committee and the Audit committee. No alternate director shall
Committee Committee Board instead
of Executive
be included in these committees. Committee
(g) Appointment of CEO

The Board shall appoint a competent CEO for the Bank with the √
approval of the Bangladesh Bank.
150
Sl.
No. Complied
Complied Compliance
2. Responsibilities of the Chairman and Board of Directors

(a) As the Chairman of the Board of Directors (or Chairman of any
Committee formed by the Board or any Director) does not personally √
possess the jurisdiction to apply policy making or executive or authority,
he shall not participate in or interfere into the administrative or
operational and routine affairs of the Bank.
(b) The Chairman may conduct on-site inspection of any Bank-

branch or financing activities under the purview of the oversight
responsibilities of the Board. He may call for any information
relating to Bank’s operation or ask for investigation into any such
affairs; he may submit such information or investigation report
to the meeting of the Board or the Executive Committee and if √
deemed necessary, with the approval of the Board, he shall effect
necessary action thereon in accordance with the set rules through
the CEO. However, any complaint against the CEO shall have to be
apprised to Bangladesh Bank through the Board along with the
statement of the CEO.
(c) The Chairman may be offered an office-room, a personal secretary/

assistant, a telephone at the office and a vehicle in the business- √
interest of the Bank subject to the approval of the Board.
3. Responsibilities of Adviser Not

Applicable
The adviser, whatever name called, shall advise the Board of
(No such
Directors or the CEO on such issues only for which he is engaged
in terms of the conditions of his appointment. He shall neither Adviser)
have access to the process of decision-making nor shall have the
scope of effecting executive authority in any matters of the Bank
including financial, administrative or operational affairs.
4. Responsibilities and Authorities of CEO

The CEO of the Bank, whatever name called, shall discharge the
responsibilities and effect the authorities as follows:
(a) In terms of the financial, business and administrative authorities
vested upon him by the Board, the CEO shall discharge his own
responsibilities. He shall remain accountable for achievement of
√
financial and other business targets by means of business plan,
efficient implementation thereof and prudent administrative and
financial management.
(b) The CEO shall ensure compliance of the Bank Companies Act,
1991 and/or other relevant laws and regulations in discharge of √
routine functions of the Bank.
(c) The CEO shall report to Bangladesh Bank of issues for violation √
of the Bank Companies Act 1991 or of other laws/regulations and,
if required, may apprise the Board post facto.
(d) The recruitment and promotion of all staff of the Bank except
those in the two tiers below him shall rest on the CEO. He shall
act in such cases in accordance with the approved Service Rules
on the basis of the human resources policy and sanctioned
strength of employees as approved by the Board. The Board or the
chairman of any committee of the Board or any Director shall not
get involved or interfere into such affairs. The authority relating to √
transfer of and disciplinary measures against the staff, except those
at one tier below the CEO, shall rest on him, which he shall apply
in accordance with the approved Service Rules. Besides, under the
purview of the human resources policy as approved by the Board,
he shall nominate officers for training etc.

Directors’ Statement of
Responsibilities
Bangladesh Bank sets out the responsibilities of the e) Human resources management and development
Directors of a bank. In accordance with their guidelines,
i) Responsible for framing the service rules
the responsibilities of the Directors of Agrani Bank
and policies for appointment, promotion,
Limited encompass the following:
retirement, transfer, punishment, training and
a) Work plan and strategic management development of human resources.
i) Responsible for determining the long ii) Responsible for approving ICT policies,
term objectives and goals of the Bank and introducing and developing Management
formulating yearly strategies and action plan. Information system (MIS).
ii) They are to drive organizational change to f) Financial management
improve the quality of the services rendered
i) Responsible for approval of the annual budget
by the Bank in order to achieve the objectives
and statutory financial statements.
and targets and to analyze the progress of
implementation of work plan. ii) Responsible for evaluating the income,
expenses, liquidity, capital adequacy, recovery
b) Credit and risk management
of expired/ uncollected loans and advances,
i) Responsible for making policies and maintenance of provisions and legal actions to
procedures to evaluate, disburse, recover, recover the loans and advances.
reschedule and write-off loans and advances
iii) Responsible for framing purchase and
as per applicable rules and regulations.
procurement policies and procedures.
ii) They may delegate power to the CEO and
iv) They would not interfere directly or indirectly
other senior executives for approval of loans
with the approval of any loan proposals.
and advances as deemed necessary.
g) Appointment of CEO
iii) Responsible for making risk management
policies and monitor its implimentation. i) Responsible for appointing a competent Chief
Executive Officer (CEO) with the approval from
c) Internal control management
Bangladesh Bank.
i) They approve annual audit plan and evaluate
the report of Audit Committee regarding the ii) Responsible for determining the key
implementation of suggestions from internal performance indicators (KPI) of CEO and other
audit, external audit, and Bangladesh Bank senior executives and evaluate the same from
audit. time to time.
d) Committee formation h) Other Responsibilities
i) Responsible for constituting the Audit They also perform other responsibilities as may be
Committee from members of the Board of determined by Bangladesh Bank from time to time.
Directors. For and on behalf of the Board of Directors
ii) Responsible for forming executive/other

committees as per guideline of the Bangladesh
Bank.
iii) Responsible for forming Risk Management

committees as per guideline of the Bangladesh
Bank. Chairman
152
Report of the
Board Audit Committee
The Audit Committee of the Board was duly constituted
by the Board of Directors of the Bank in accordance
with BRPD circular No.12 dated 23 December 2002 of
Bangladesh Bank. The Committee has been playing
a vital role in maintaining an efficient and effective
banking system. It ensures all sorts of co-operation
between the management and the ultimate supervisory
authority - the Board of Directors. The Committee
identifies various risk factors that arise from the business
activities of the Bank. Activities during the year
During the year 2013, the Committee carried out the
Role of the Committee
following activities:
i) Reviews the Internal Control System of the Bank to
i) The Committee monitored the progress of
ensure that sufficient risk management system is
implementation status of Audit plan 2012 and
in place to manage core risk of the Bank.
approved the “Annual Audit Plan-2013” of the Bank.
ii) Reviews the efficiency and effectiveness of Internal
ii) The committee finalized the Balance Sheet and
Control System.
Profit and Loss Account of the Bank as on 31-12-
iii) Considers the recommendations made by the 2012 for approval of the Board.
internal and external auditors.
iii) The committee analyzed the inspection report by
iv) Ensures fair presentation of financial statements Bangladesh Bank Audit on this bank.
in compliance with the Bangladesh Accounting
iv) The committee directed that all the auditors of
Standards and Bangladesh Financial Reporting
Audit & Inspection Division be trained on Risk
Standards.
Based Training.
v) Reviews the Internal Audit Procedure. v) The committee put strong emphasis on reviewing of
vi) Reviews compliance with the applicable rules & effectiveness of Internal Control System according
regulations of Bangladesh Bank, Bank Companies to ICC guidelines.
Act 1991 and Companies Act 1994. vi) The committee recommended forming of a Risk
vii) Reports immediately to the Board of Directors on Management Committee comprising members
conflict of interest. from the Board of Directors.
viii) Reports to the Board of Directors on frauds or vii) The committee also directed that effective and
irregularities or material defects in the Internal necessary measures should be taken to settle
Control System. the inter-bank accounts and resolve the pending
unresolved issues following Bangladesh Bank
Composition of the Committee Guidelines.
The members of the Audit Committee are: viii) The committee recommended diversifying loans
1. Arastoo Khan according to sector-wise importance.
ix) The committee also recommended recruiting
2. A.K. Gulam Kibria, FCA ICT skilled persons and introducing System Audit
3. Engineer Md. Abdus Sabur Software for strengthening the Audit Department.
4. Advocate Balaram Podder Acknowledgements

5. Md. Altaf Hossain Molla The Audit Committee expresses its sincere thanks to
the respected Members of the Board, Management
Meetings and the Auditors for their continuous support.
The Committee held four meetings in 2013. In the
For and on behalf of the Audit Committee
meetings, the Committee met with the officials of
Internal Audit, Financial Administration, Credit, Internal
Control & Compliance Divisions and also with the
external auditors to consider and resolve the financial
reporting issues, findings and recommendations made
by the Bangladesh Bank inspection team, internal Arastoo Khan
auditors and external auditors. Chairman, Board Audit Committee

Auditors’ Report
& Audited Financial Statements of
Agrani Bank Limited

Auditors’ Report
To the Shareholders of Agrani Bank Limited
We have audited the accompanying consolidated financial statements of Agrani Bank Limited and its subsidiaries (together
referred to as the “Group”) as well as the separate financial statements of Agrani Bank Limited (the “Bank”) which comprise
the consolidated and separate Balance Sheets as at 31 December 2013, consolidated and separate Profit and Loss
Accounts, Statements of Changes in Equity and Cash Flow Statements for the year then ended, and a summary of significant
accounting policies and other explanatory information.
The financial statements of the Bank’s four subsidiaries, namely Agrani Exchange House Private Limited, Singapore, Agrani
Remittance House SDN. BHD., Malaysia, Agrani Equity and Investment Limited, Agrani SME Financing Company Limited,
reflects total assets of Tk. 349,525,430 as at 31 December 2013 and total revenue of Tk. 347,741,741 for the year ended
31 December 2013. These financial statements have been audited by other component auditors who have expressed
unqualified audit opinion and accepted by us for the audit of the Group’s consolidated financial statements.
Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements of the Group
and also separate financial statements of the Bank that give a true and fair view in accordance with Bangladesh Financial
Reporting Standards (BFRSs) as explained in Note 2 and for such internal control as management determines is necessary
to enable the preparation of consolidated financial statements of the Group and also separate financial statements of the
Bank that are free from material misstatement, whether due to fraud or error. The Bank Company Act, 1991 and the local
central bank (Bangladesh Bank) Regulations require the Management to ensure effective internal audit, internal control and
risk management functions of the Bank. The Management is also required to make a self-assessment on the effectiveness of
anti-fraud internal controls and report to Bangladesh Bank on instances of fraud and forgeries.
Auditors’ Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group and the separate
financial statements of the Bank based on our audit. We conducted our audit in accordance with Bangladesh Standards
on Auditing (BSA). Those standards require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial statements of the Group and the separate financial
statements of the Bank are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
consolidated financial statements of the Group and separate financial statements of the Bank. The procedures
selected depend on our judgment, including the assessment of the risks of material misstatement of the consolidated
financial statements of the Group and the separate financial statements of the Bank, whether due to fraud or error.
In making those risk assessments, we consider internal control relevant to the entity’s preparation of consolidated
financial statements of the Group and separate financial statements of the Bank that give a true and fair view in
order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by management,
as well as evaluating the overall presentation of the consolidated financial statements of the Group and the separate
financial statements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and also separate financial statements of the Bank give
a true and fair view of the consolidated financial position of the Group and the separate financial position of the Bank as at
31 December 2013, and of its consolidated and separate financial performance and cash flows for the year then ended in
accordance with Bangladesh Financial Reporting Standards (BFRSs) as explained in Note 2.
156
Emphasis of matter
We draw attention to the following matters, though our opinion is not qualified in respect of the same:
1. As disclosed in Note 9 to the financial statements, “Other Assets” include a net credit balance of Tk 1,463,268,430
as Branch Adjustment (such amount at 31 December 2012 was debit balance of Tk 1,728,168,619). This needs to be
reconciled as early as possible.
2. As disclosed in Note 6.4 to the financial statements the Bank reported certain investments amounting to Tk
3,000,000,000 of BEXIMCO Limited, GMG Airlines Ltd and Unique Hotels and Resorts Ltd under sale and buy back
agreements which have expired. The Bank has created fresh lien on certain shares valuing Tk 823,470,194 and provided
for Tk 1,250,000,000 in the financial statements. Subsequently the Bank has received Tk 1,000,000,000 against these
investments and recognised the amount as income and renewal has been approved by the Board of Directors of the
bank.
3. As disclosed in note 2.23 income tax assessment for few years are pending with various stages of tax appeal process.
The management of the Bank believes on reasonable grounds that the Bank would be successful in receiving
favorable outcome from these appeal process and hence no additional provision is required for income tax.
4. The Bank has recognized deferred tax on the entire amount of specific provision on classified advances instead of
considering only the portion related to bad/loss.
Report on Other Legal and Regulatory Requirements

In accordance with the Companies Act, 1994, Securities and Exchange Rules 1987, the Bank Company, Act 1991 and the
rules and regulations issued by Bangladesh Bank, we also report that:
(i) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary
for the purpose of our audit and made due verification thereof;
(ii) to the extent noted during the course of our audit work performed on the basis stated under the Auditors’
Responsibility section in forming the above opinion on the consolidated financial statements of the Group and the
separate financial statements of the Bank and considering the reports of the Management to Bangladesh bank on
anti-fraud internal controls and instances of fraud and forgeries as stated under the Management’s Responsibility for
the Financial Statements and Internal Control:
(a) internal audit, internal control and risk management arrangements of the Group and the Bank as disclosed in the
financial statements appeared to be materially adequate;
(b) nothing has come to our attention regarding material instances of forgery or irregularity or administrative error
and exception or anything detrimental committed by employees of the Bank and its related entities;
(iii) financial statements of all subsidiaries of the Bank have been audited by other auditors and have been properly
reflected in the consolidated financial statements;
(iv) in our opinion, proper books of account as required by law have been kept by the Group and the Bank so far as it
appeared from our examination of those books and proper returns adequate for the purpose of our audit have been
received from branches not visited by us;
(v) the consolidated balance sheet and consolidated profit and loss account of the Group and the separate balance
sheet and separate profit and loss account of the Bank together with the annexed notes dealt with by the report are
in agreement with the books of account and returns;
(vi) the expenditures incurred was for the purpose of the Bank’s business;
(vii) the consolidated financial statements of the Group and the separate financial statements of the Bank have been
drawn up in conformity with prevailing rules, regulations and accounting standards as well as related guidance
issued by Bangladesh Bank;
(viii) adequate provisions have been made for advance and other assets which are in our opinion, doubtful of recovery;
(ix) the records and statements submitted by the branches have been properly maintained and consolidated in the
financial statements;
(x) the information and explanations required by us have been received and found satisfactory;
(xi) we have reviewed over 80% of the risk weighted assets of the Bank and spending over 15,000 person hours; and
(xii) Capital Adequacy Ratio (CAR) as required by the Bangladesh Bank has been maintained adequately during the year.
Hoda Vasi Chowdhury & Co. A. Qasem & Co.

Dhaka, 23 April 2014

Consolidated Balance Sheet
As at 31 December 2013
(Amount in Taka)
Notes
2013 2012
PROPERTY & ASSETS
Cash: 3(a) 26,335,751,240 20,738,216,368
Cash in hand (including foreign currencies) 4,845,395,138 3,690,370,128
Balance with Bangladesh Bank and its agent bank (including foreign currencies) 21,490,356,102 17,047,846,240
Balance with Other Banks and Financial Institutions: 4(a) 12,278,433,779 5,467,974,288
In Bangladesh 11,292,868,658 2,883,930,314
Outside Bangladesh 985,565,121 2,584,043,974
Money at Call and Short Notice: 5 2,450,000,000 2,700,000,000
Investments: 6(a) 155,974,378,981 96,590,995,943

Government 128,252,368,524 71,181,746,665
Others 27,722,010,457 25,409,249,278
Loans and Advances: 7(a) 199,624,298,938 211,089,468,338

Loans, cash credit & overdraft etc. 194,306,757,611 205,436,766,092
Bills discounted and purchased 5,317,541,327 5,652,702,246
Fixed Assets:
8(a) 15,272,402,834 11,401,179,835
including land, building, furniture and fixtures
Other Assets: 9(a) 32,570,844,374 30,918,397,208
Non-banking Assets: - -
Total Assets 444,506,110,146 378,906,231,980
LIABILITIES & CAPITAL

Liabilities:
Borrowings from Other Banks, Financial Institutions and Agents: 10(a) 3,409,116,546 10,074,391,269
Deposit and Other Accounts: 11(a) 347,808,550,309 291,645,453,939

Current deposits & other accounts 33,642,154,191 39,553,683,543
Bills payable 4,857,198,087 4,707,352,470
Savings bank deposits 95,237,160,403 89,255,325,065
Fixed deposits 214,072,037,628 158,129,092,861
Other Liabilities: 12(a) 57,809,026,681 70,364,460,535
Total Liabilities 409,026,693,536 372,084,305,743
Capital/Shareholders’ Equity:
Paid-up capital 13.2 20,722,940,400 9,912,940,400
Reserve: 16,661,806,921 11,737,282,081

Statutory reserve 14(a) 5,531,760,174 4,145,527,226
General reserve 15(a) 59,731,264 59,731,264
Asset revaluation reserve 16(a) 11,070,315,483 7,532,023,591
Revaluation & amortization reserve 17(a) 573,572,162 117,176,049

Retained surplus/(deficit) 18(a) (2,517,958,826) (14,971,828,955)
Foreign currency translation reserve 19 39,054,011 26,354,830
Minority interest 20 1,942 1,832
Total Shareholders’ Equity 35,479,416,610 6,821,926,237
Total Liabilities and Shareholders’ Equity 444,506,110,146 378,906,231,980
158
Consolidated Off Balance Sheet Items
(Amount in Taka)
Notes
2013 2012
CONTINGENT LIABILITIES:
Acceptances and endorsements: 113,817,629,561 112,418,753,282
Letters of guarantee 21.1 7,940,625,312 5,150,104,323
Letters of credit 71,925,073,113 72,615,416,695
Bills for collection 21.2 22,132,178,037 18,535,663,840
Other contingent liabilities 21.3 4,026,083,099 3,660,369,424
Claims against the Bank not acknowledged as debt 7,793,670,000 12,457,199,000
Other commitments: - -
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Forward assets purchased and forward deposits placed - -
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total Off-Balance Sheet Items 113,817,629,561 112,418,753,282
These financial statements should be read in conjunction with the annexed notes 1 to 53.
(MD. NAZRUL ISLAM FARAZI) (MIZANUR RAHMAN KHAN) (SYED ABDUL HAMID)
CFO (General Manager) Deputy Managing Director Managing Director & CEO
(Arastoo Khan) (A. K. Gulam Kibria, FCA) (DR. KHONDOKER BAZLUL HOQUE)
Director Director Chairman
Signed as per our annxed report of same date.

Dated, Dhaka
April 23, 2014

Consolidated Profit and Loss Account
For the year ended 31 December 2013
(Amount in Taka)
Notes
2013 2012
Operating income
Interest and Revenue income 23(a) 23,814,181,469 23,829,984,929
Interest paid on deposits, borrowings etc. 24(a) 22,397,814,571 19,757,259,418
Net interest income 1,416,366,898 4,072,725,511
Investment income 25(a) 11,480,854,906 8,142,960,408
Commission, exchange earnings and brokerage 26(a) 5,148,104,878 4,150,037,566
Other operating income 27(a) 1,039,559,635 1,050,949,536
17,668,519,419 13,343,947,510
Total operating income 19,084,886,317 17,416,673,021
Operating expenses
Salary and allowance 28(a) 5,412,696,891 4,914,689,602
Rent, taxes, insurance, electricity etc. 29(a) 680,830,775 508,340,020
Legal expenses 30(a) 26,143,539 20,405,061
Postage, stamp, telecommunication etc. 31(a) 175,768,314 152,837,445
Stationery, printing, advertisement etc. 32(a) 222,906,887 181,526,091
Chief Executive’s salary and allowances 33(a) 9,539,143 4,820,000
Directors’ fees 34(a) 4,311,102 9,448,973
Auditors’ fees 35(a) 3,670,586 3,545,958
Depreciation and repair of bank’s assets 36(a) 597,654,783 498,331,907
Other expenses 37(a) 1,071,447,960 1,024,828,252
Total operating expenses 8,204,969,980 7,318,773,309
Profit/(Loss) before amortizatwion, provision & tax 10,879,916,337 10,097,899,712
Amortization of valuation adjustment 1,329,500,000 1,329,500,000
Profit/(Loss) before provision & tax 9,550,416,337 8,768,399,712
Provision for loans and advances 38(a) - 24,962,031,507

Other provision 39(a) 2,416,857,258 2,492,601,234
Total provision 2,416,857,258 27,454,632,741
Net profit/(loss) before Tax 7,133,559,079 (18,686,233,029)

Provision for Tax
Current Tax 40 73,439,722 1,613,182,818
Deferred Tax 41 (2,155,875,888) (1,601,715,185)
(2,082,436,166) 11,467,633
Net profit/(loss) after Tax 9,215,995,245 (18,697,700,662)
Add: Retained surplus (Opening Balance) (14,971,828,955) 4,633,770,065
Add: Prior year adjustment for Agrani Bank Limited (6,136,834) -
Add: Prior year adjustment for Agrani SME Financing Company Limited 334,840 (1,012,729)
Add: Transfer from provision 4,629,909,934 -
Add: Foreign currency translation gain/(loss) 19 12,699,181 3,499,058
(10,335,021,832) 4,636,256,394
(1,119,026,587) (14,061,444,268)
Appropriation:
Statutory reserve 1,386,232,948 5,709,197
Minority interest 20 110 32
Bonus share issue - 901,176,400
Foreign currency translation reserve 12,699,181 3,499,058
1,398,932,239 910,384,687
Retained surplus/(deficit) 18(a) (2,517,958,826) (14,971,828,955)
Earnings Per Share (EPS) 13.3(a) 92.97 (188.62)
( MD. NAZRUL ISLAM FARAZI) (MIZANUR RAHMAN KHAN) (SYED ABDUL HAMID)

Dated, Dhaka
April 23, 2014
160
Consolidated Cash Flow Statement
(Amount in Taka)
Notes
2013 2012
A. Cash flows from operating activities
Interest receipts in cash 42(a) 32,328,561,470 30,309,829,078
Interest payments 43(a) (20,784,442,158) (18,086,960,040)
Dividend receipts 1,844,850,283 462,919,972
Fees and commission receipts 1,838,406,174 1,784,809,117
Recovery of loans previously written off 608,879,695 520,051,838
Cash payment to employees (5,422,045,625) (4,259,064,597)
Cash payments to suppliers (222,906,887) (178,859,477)
Receipts from other operating activities 44(a) 1,045,144,387 917,672,303
Payments for other operating activities 45(a) (1,919,737,456) (1,941,521,652)
Operating profit/(loss) before changing in operating assets and liabilities 46(a) 9,316,709,883 9,528,876,542
(Increase)/decrease in operating assets

Treasury bills (22,330,860,111) 1,622,255,647
Treasury & other bond (HFT) (10,088,744,494) (4,089,506,573)
Fund advanced to customers 11,465,169,400 (18,681,034,482)
Other assets 287,841,511 (1,074,715,032)
(20,666,593,694) (22,223,000,440)
Increase/(decrease) in operating liabilities
Deposit from customers 56,163,096,370 40,220,867,041
Other liabilities (12,448,039,290) (4,419,239,571)
43,715,057,080 35,801,627,470
Net cash from operating activities (A) 32,365,173,269 23,107,503,572
B. Cash flows from investing activities

Treasury & other bond (HTM) (25,168,462,254) (2,995,214,842)
Debenture 140,000,000 380,000,000
Purchase of securities (1,935,316,179) (3,486,647,028)
Purchase/ sales of properties, plant & equipment (653,716,600) (406,082,580)
Proceeds from sale of properties, plant & equipment 11,983,047 235,482,646
Net cash from investing activities (B) (27,605,511,986) (6,272,461,804)
C. Cash flows from financing activities

Payment of long term borrowings (3,053,783) 19,169,424
Receipt from other borrowings (6,662,220,940) (14,246,020,496)
Receipt from issue of ordinary share (Right Share) 10,810,000,000 100,000,000
Net cash from financing activities (C) 4,144,725,277 (14,126,851,072)
Net increase in cash and cash equivalents (A+B+C) 8,904,386,560 2,708,190,696
Effect of exchange rate change on cash and cash equivalent 3,255,961,803 2,468,565,865
Cash and cash equivalents at the beginning of the year 28,919,985,256 23,743,228,695
Cash and cash equivalents at the end of the year 47(a) 41,080,333,619 28,919,985,256
Dated, Dhaka
April 23, 2014

162
Consolidated Statement of Changes in Equity
(Amount in Taka)
Attributable to Shareholders of Agrani Bank Limited
Foreign Minority
Particulars Revaluation & Asset Total
Paid up Amortization Statutory General Revaluation Retained Currency Total Interest
Capital Reserve Reserve Reserve Reserve Surplus Translation
Reserve
Balance as at 01, January 2013 9,912,940,400 117,176,049 4,145,527,226 59,731,264 7,532,023,591 (14,971,828,955) 26,354,830 6,821,924,405 1,832 6,821,926,237
Prior year adjustment - - - - - (5,801,994) - (5,801,994) - (5,801,994)
Adjustment - (117,176,049) - - - - - (117,176,049) - (117,176,049)
Restated balance 9,912,940,400 - 4,145,527,226 59,731,264 7,532,023,591 (14,977,630,949) 26,354,830 6,698,946,364 1,832 6,698,948,197
Surplus on account of revaluation of property - - - - 3,538,291,892 - - 3,538,291,892 - 3,538,291,892
Surplus on account of revaluation of
investments in Approved Securities:
Held to Maturity (HTM) - 151,468,251 - - - - - 151,468,251 - 151,468,251
Held for Trading (HFT) - 422,103,911 - - - - - 422,103,911 - 422,103,911
Net gains and losses not recognized in the
income statement - - - - - (110) 12,699,181 12,699,071 110 12,699,181
Issue of share capital ( Right share ) 10,810,000,000 - - - - - - 10,810,000,000 - 10,810,000,000
Transfer from provision - - - - - 4,629,909,934 - 4,629,909,934 - 4,629,909,934
Net profit for the year - - - - - 9,215,995,245 - 9,215,995,245 - 9,215,995,245
Statutory Reserve - - 1,386,232,948 - - (1,386,232,948) - - - -
Balance as at December 31, 2013 20,722,940,400 573,572,162 5,531,760,174 59,731,264 11,070,315,483 (2,517,958,826) 39,054,011 35,479,414,668 1,942 35,479,416,610
Balance as at December 31, 2012 9,912,940,400 117,176,049 4,145,527,226 59,731,264 7,532,023,591 (14,971,828,955) 26,354,830 6,821,924,405 1,832 6,821,926,237
Dated, Dhaka
April 23, 2014
Consolidated Liquidity Statement
(Asset and Liability Maturity Analysis)
(Amount in Taka)
Particular Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total
ASSETS:
Cash in hand 3,870,748,990 - - - 22,465,002,250 26,335,751,240
Balance with other banks and financial institutions 894,123,840 3,724,370,786 3,509,939,153 4,150,000,000 - 12,278,433,779
Money at call and short notice 2,450,000,000 - - - - 2,450,000,000
Investments 16,148,600 - 17,545,746,926 9,835,114,565 128,577,368,890 155,974,378,981
Loans and advances 4,379,627,421 22,396,287,332 67,801,083,210 36,969,357,091 68,077,943,884 199,624,298,938
Fixed assets including land, furniture and fixtures - - - - 15,272,402,834 15,272,402,834
Other assets - - - - 32,570,844,374 32,570,844,374
Non-banking assets - - - - - -
Total Assets 11,610,648,851 26,120,658,118 88,856,769,289 50,954,471,656 266,963,562,232 444,506,110,146
LIABILITIES:
Borrowing from Bangladesh Bank, other financial institutions 3,402,431,489 - - 4,503,324 2,181,733 3,409,116,546
Deposits and other accounts 35,425,280,268 4,857,198,087 852,742,731 232,421,470,667 74,251,858,556 347,808,550,309
Provision and other liabilities 1,215,533,826 90,842,444 9,129,005,549 20,187,433,604 27,186,211,258 57,809,026,681
Total Liabilities 40,043,245,583 4,948,040,531 9,981,748,280 252,613,407,595 101,440,251,547 409,026,693,536
Net Liquidity Gap (28,432,596,733) 21,172,617,587 78,875,021,009 (201,658,935,939) 165,523,310,686 35,479,416,610
Annual Report 2013 t

Dated, Dhaka
163
April 23, 2014
Balance Sheet
(Amount in Taka)
Notes
2013 2012
PROPERTY & ASSETS
Cash: 03 26,237,586,987 20,683,023,020
Cash in hand (including foreign currencies) 4,752,230,885 3,635,176,780
Balance with Bangladesh Bank and its agent bank (including foreign currencies) 21,485,356,102 17,047,846,240
Balance with Other Banks and Financial Institutions: 04 12,142,144,207 5,293,695,066

In Bangladesh 11,292,868,658 2,883,930,314
Outside Bangladesh 849,275,549 2,409,764,752
Money at Call and Short Notice: 05 2,450,000,000 2,700,000,000
Investments: 06 149,928,614,562 92,419,805,146

Government 128,252,368,524 71,181,746,665
Others 21,676,246,038 21,238,058,481
Loans and advances: 202,965,388,138 212,663,017,332

Loans, cash credit & overdraft etc. 7.1 197,647,846,811 207,010,315,086
Bills discounted and purchased 7.1 5,317,541,327 5,652,702,246
Fixed assets
including land, building, furniture and fixtures: 08 15,248,010,045 11,380,727,224
Other Assets: 09 35,184,840,777 33,576,151,140
Non-banking Assets: - -
Total Assets 444,156,584,716 378,716,418,928

Liabilities:
Borrowings from Other Banks, Financial Institutions and Agents: 10.1 3,409,116,546 10,074,391,269
Deposit and Other Accounts: 11.a 348,675,167,594 292,429,227,137

Current deposits & other accounts 34,508,771,476 40,337,456,741
Bills payable 4,857,198,087 4,707,352,470
Savings bank deposits 95,237,160,403 89,255,325,065
Fixed deposits 214,072,037,628 158,129,092,861
Other Liabilities: 12 56,431,364,699 69,049,324,351
Total Liabilities 408,515,648,839 371,552,942,757
Capital/Shareholders’ Equity:
Paid-up capital 13.2 20,722,940,400 9,912,940,400
Reserve: 16,593,727,190 11,676,841,619

Statutory reserve 14 5,518,411,707 4,139,818,028
General reserve 15 5,000,000 5,000,000
Asset revaluation reserve 16 11,070,315,483 7,532,023,591
Revaluation & amortization reserve 17 573,572,162 117,176,049

Retained surplus/(deficit) 18 (2,249,303,875) (14,543,481,897)
164
Off Balance Sheet Items
(Amount in Taka)
Notes
2013 2012
CONTINGENT LIABILITIES:
Acceptances and endorsements 113,817,629,561 112,418,753,282
Letters of guarantee 21.1 7,940,625,312 5,150,104,323
Bills for collection 21.2 22,132,178,037 18,535,663,840
Other contingent liabilities 21.3 4,026,083,099 3,660,369,424
Claims against the Bank not acknowledged as debt 7,793,670,000 12,457,199,000
Other commitments: - -
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total Off-Balance Sheet Items 113,817,629,561 112,418,753,282

Dated, Dhaka
April 23, 2014

Profit and Loss Account
(Amount in Taka)
Notes
2013 2012
Operating income
Interest and revenue income 23 23,947,295,893 23,894,792,205
Interest paid on deposits, borrowings etc. 24 22,682,044,447 19,912,055,753
Net interest income 1,265,251,446 3,982,736,452
Investment income 25 11,140,067,544 8,044,091,527
Commission, exchange earnings and brokerage 26 5,142,256,761 4,143,403,182
Other operating income 27 905,338,679 920,184,829
17,187,662,984 13,107,679,538
Total Operating Income 18,452,914,430 17,090,415,990
Operating expenses
Salary and allowance 28 5,312,298,885 4,840,662,717
Rent, taxes, insurance, electricity etc. 29 651,232,441 487,258,632
Legal expenses 30 25,745,353 20,399,171
Postage, stamp, telecommunication etc. 31 173,339,411 150,997,707
Stationery, printing, advertisement etc. 32 219,559,740 178,859,477
Chief Executive’s salary and allowances 33 5,575,000 4,700,000
Directors’ fees 34 3,124,750 3,473,000
Auditors’ fees 35 3,031,500 3,237,344
Depreciation and repair of bank’s assets 36 587,369,900 492,570,760
Other expenses 37 832,311,798 840,880,564
Total operating expenses 7,813,588,778 7,023,039,372
Profit/(Loss) before amortization, provision & tax 10,639,325,652 10,067,376,618
Amortization of valuation adjustment 9.8 1,329,500,000 1,329,500,000
Profit/(Loss) before provision & tax 9,309,825,652 8,737,876,618
Provision for loans and advances 38 - 24,888,021,560

Other provision 39 2,416,857,258 2,492,601,234
Total provision 2,416,857,258 27,380,622,794
Net profit/(loss) before Tax 6,892,968,394 (18,642,746,176)

Provision for Tax
Current Tax 12.4 - 1,580,000,000
Deferred Tax 9.6 (2,156,030,207) (1,602,174,107)
(2,156,030,207) (22,174,107)
Net profit/(loss) after Tax 9,048,998,601 (18,620,572,069)
Add: Retained surplus (Opening Balance) (14,543,481,897) 4,978,266,572
Add: Prior year adjustment (6,136,834) -
(9,919,708,797) 4,978,266,572
(870,710,196) (13,642,305,497)
Appropriation:
Statutory reserve 14 1,378,593,679 -
1,378,593,679 901,176,400
Retained surplus/(deficit) 18 (2,249,303,875) (14,543,481,897)
Earnings Per Share (EPS) 13.3.2 91.28 (187.84)

Chartered Accounts Chartered Accounts
Dated, Dhaka
April 23, 2014
166
Cash Flow Statement
(Amount in Taka)
Notes
2013 2012
A. Cash flows from operating activities
Interest receipts in cash 42 32,187,833,032 30,168,857,049
Interest payments 43 (21,068,672,034) (17,832,278,032)
Dividend receipts 1,777,905,783 429,171,499
Fees and commission receipts 1,832,558,057 1,772,883,082
Recovery of loans previously written off 608,879,695 520,051,838
Cash payment to employees (5,317,803,476) (4,434,326,252)
Cash payments to suppliers (219,559,740) (178,859,477)
Receipts from other operating activities 44 910,923,431 914,362,937
Payments for other operating activities 45 (1,643,543,751) (1,823,847,122)
Operating profit/(loss) before changing in operating assets and liabilities 46 9,068,520,997 9,536,015,522
(Increase)/decrease in operating assets

Treasury Bills (22,330,860,111) 1,622,255,647
Treasury & other bond (HFT) (10,088,744,494) (4,089,506,573)
Fund advanced to customers 9,697,629,194 (18,577,361,159)
Other assets 392,693,770 (1,102,612,262)
(22,329,281,641) (22,147,224,347)
Increase/(decrease) in operating liabilities
Deposit from customers 56,245,940,457 40,220,867,041
Other liabilities (12,509,689,263) (4,260,518,287)
43,736,251,194 35,960,348,754
Net cash from operating activities (A) 30,475,490,550 23,349,139,929

Treasury & other bond (HTM) (25,168,462,254) (2,995,214,842)
Debenture 140,000,000 380,000,000
Purchase of securities (60,742,557) (2,157,735,350)
Purchase/ sales of properties, plant & equipment (642,298,221) (389,560,125)
Proceeds from sale of properties, plant & equipment 10,692,510 235,482,646
Net cash from investing activities (B) (25,720,810,522) (4,927,027,671)

Payment of long term borrowings (3,053,783) (1,932,318)
Receipt from other borrowings (6,662,220,940) (15,681,830,394)
Receipt from issue of ordinary share (Right Share) 10,810,000,000 -
Net cash from financing activities (C) 4,144,725,277 (15,683,762,712)
Net increase in cash and cash equivalents (A+B+C) 8,899,405,305 2,738,349,546
Effect of exchange rate change on cash and cash equivalent 3,255,961,803 2,397,812,286
Cash and cash equivalents at the beginning of the year 28,690,512,686 23,554,350,854
Cash and cash equivalents at the end of the year 47 40,845,879,794 28,690,512,686
Dated, Dhaka
April 23, 2014

168
Statement of Changes in Equity
(Amount in Taka)
Revaluation &
Paid up Statutory General Asset Revalua-
Particulars Amortization Retained Surplus Total
Capital Reserve Reserve tion Reserve
Reserve
Balance as at 01, January 2013 9,912,940,400 117,176,049 4,139,818,028 5,000,000 7,532,023,591 (14,543,481,897) 7,163,476,171
Prior year adjustment - - - - - (6,136,834) (6,136,834)
Adjustment - (117,176,049) - - - (117,176,049)
Restated balance 9,912,940,400 - 4,139,818,028 5,000,000 7,532,023,591 (14,549,618,731) 7,040,163,288
Surplus on account of revaluation of property - - - - 3,538,291,892 - 3,538,291,892
Surplus on account of revaluation of invest-
ments in Approved Securities:
Held to Maturity (HTM) - 151,468,251 - - - - 151,468,251
Held for Trading (HFT) - 422,103,911 - - - - 422,103,911
Issue of Share Capital ( Right Share ) 10,810,000,000 - - - - - 10,810,000,000
Transfer from provision - - - - - 4,629,909,934 4,629,909,934
Net profit for the year - - - - - 9,048,998,601 9,048,998,601
Statutory Reserve - - 1,378,593,679 - - (1,378,593,679) -
Balance as at December 31, 2013 20,722,940,400 573,572,162 5,518,411,707 5,000,000 11,070,315,483 (2,249,303,875) 35,640,935,877
Balance as at December 31, 2012 9,912,940,400 117,176,049 4,139,818,028 5,000,000 7,532,023,591 (14,543,481,897) 7,163,476,171
Dated, Dhaka
April 23, 2014
Liquidity Statement
(Asset and Liability Maturity Analysis)
(Amount in Taka)
Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total
ASSETS:
Cash in hand 3,772,584,737 - - - 22,465,002,250 26,237,586,987
Balance with other banks and financial institutions 849,275,549 2,900,000,000 4,242,868,658 4,150,000,000 - 12,142,144,207
Money at call and short notice 2,450,000,000 - - - - 2,450,000,000
Investments 16,148,600 - 11,499,982,507 9,835,114,565 128,577,368,890 149,928,614,562
Loans and advances 4,379,627,421 22,396,287,332 71,142,172,410 36,969,357,091 68,077,943,884 202,965,388,138
Fixed assets including land, furniture and fixtures - - - - 15,248,010,045 15,248,010,045
Other assets - - - - 35,184,840,777 35,184,840,777
Non-banking assets - - - - - -
Total Assets 11,467,636,307 25,296,287,332 86,885,023,575 50,954,471,656 269,553,165,846 444,156,584,716
LIABILITIES:
Borrowing from Bangladesh Bank,Other banks, financial
institutions and agents 3,402,431,489 - - 4,503,324 2,181,733 3,409,116,546
Deposits and other accounts 35,422,678,476 4,857,198,087 1,721,961,808 232,421,470,667 74,251,858,556 348,675,167,594
Provision and other liabilities 1,215,533,826 90,842,444 9,129,005,549 18,809,771,622 27,186,211,258 56,431,364,699
Total Liabilities 40,040,643,791 4,948,040,531 10,850,967,357 251,235,745,613 101,440,251,547 408,515,648,839
Net Liquidity Gap (28,573,007,485) 20,348,246,801 76,034,056,218 (200,281,273,957) 168,112,914,300 35,640,935,877

169
Dated, Dhaka
April 23, 2014
Notes to the Financial Statements
As at and for the year ended December 31, 2013
1. BACKGROUND INFORMATION
1.1 Establishment and status of the Bank

Agrani Bank Limited (the Bank) has been incorporated as a Public Limited Company on May 17, 2007 Vide Certificate
of Incorporation No. C-66888(4380)/07. The Bank has taken over the business of Agrani Bank (emerged as a
Nationalized Commercial Bank in 1972, pursuant to Bangladesh Bank (Nationalization) Order No. 1972 (P.O. # 26
of 1972)) on a going concern basis through a Vendor Agreement signed between the Ministry of Finance of the
People’s Republic of Bangladesh on behalf of Agrani Bank and the Board of Directors on behalf of Agrani Bank
Limited on November 15, 2007 with a retrospective effect from July 01, 2007. The Bank’s current shareholdings
comprise Government of the People’s Republic of Bangladesh and 12 (Twelve) other shareholders nominated by the
Government. The Bank has 899 branches and 05 (five) windows are working under Islamic Banking Unit complying
with the rules of Islamic Shariah.
1.1.1 Nature of business

The Bank through its Branches and non-banking subsidiaries provides a diverse range of financial services and
products in Bangladesh and in certain international markets.
1.1.2 Islamic Banking Unit

The Bank obtained the Islamic Banking Unit permission vide letter no. BRPD(P-3)745(3)/2009-2567 dated July 22,
2009. The Bank commenced operation of its 05 (Five) Islamic windows at February 28, 2010. 05 (Five) Islamic Banking
Windows are located at Motijheel, Gulshan, Agrabad, Laldighipar and Maizdee Court. The Islamic Banking Windows
are governed under the rules and guidelines of Bangladesh Bank. The principal activities of the windows are to
provide all kinds of Islamic Commercial Banking services to its customers.
1.2 The Bank has 6 (Six) Subsidiaries, details of which are given at note no. 1.2.1-1.2.6.
1.2.1 Agrani Exchange House Private Limited, Singapore

Agrani Exchange House Private Limited is a limited liability company incorporated and domiciled in the Republic of
Singapore with the Registration No. 200200048D whose registered office and principal place of business is located
at 5A Lembu Road Singapore 208444. The Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully
state owned bank of Bangladesh, which is also the Company’s ultimate holding company. The principal activities
of the Company are to carry on the remittance business and to undertake and participate in any or all transactions,
activities and operations commonly carried on or undertaken by remittance and exchange house.
1.2.2 Agrani Remittance House SDN. BHD., Malaysia

The company is a private limited liability Company, incorporated and domiciled in Malaysia with the Registration
No. 706823-M whose registered office is located at Suite 13.01, 13th Floor, Tower Block Plaza Pekeliling, Jalan Tun
Razak, 50400 Kuala Lumpur, Malaysia. The Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully
state owned bank of Bangladesh, which is also the Company’s ultimate holding company. The principal activity of the
company during the financial year is that of providing remittance services to legal Bangladeshi expatriates working
in Malaysia.
1.2.3 Agrani Equity and Investment Limited

The company is a public limited registered under the Companies Act 1994. The company was incorporated in
Bangladesh on 16 March 2010 with Certificate of Incorporation No. C-8357/10 whose registered office is located
at 9/D, Dilkusha, Motijheel, Dhaka-1000, Bangladesh. The Company is a wholly-owned subsidiary of Agrani Bank
Limited, a fully state owned bank of Bangladesh, which is also the Company’s ultimate holding company. The
principal activities of the company comprised of merchant banking, portfolio management, issue management and
underwriting.
1.2.4 Agrani SME Financing Company Limited

The Company has been incorporated as a public limited Company on 27 October, 2010 vide certificate of
incorporation No. C- 87827/10. The company has taken over the ongoing work of Small Enterprise Development
Project (A Norway and Agrani bank funded Project of Ministry of Finance, Bangladesh) on a going concern basis
through a Vendor’s Agreement signed between the Ministry of Finance of the People’s Republic of Bangladesh, the
Board of Directors on behalf of the Agrani Bank Limited and the Board of Directors on behalf of the Agrani SME
170
Financing Company Limited on 27 December, 2011. The principal activities of the company are providing support
to Small and Medium Enterprises all over the country through training program on limited basis and providing loan
to the customers.
1.2.5 Agrani Exchange Co. (Australia) Pty. Limited

The company is a private limited liability Company, incorporated and domiciled in Australia. The Company is a
wholly-owned subsidiary of Agrani Bank Limited, a fully state owned bank of Bangladesh, which is also the Company’s
ultimate holding company. The principal activity of the company is that of providing remittance services to legal
Bangladeshi expatriates working in Australia.
1.2.6 Agrani Remittance House Canada, Inc.

Agrani Exchange House Private Limited is a limited liability company incorporated and domiciled in Canada. The
Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state owned bank of Bangladesh, which is also
the Company’s ultimate holding company. The principal activities of the Company are to carry on the remittance
business and to undertake and participate in any or all transactions, activities and operations commonly carried on
or undertaken by remittance and exchange house.
2. Basis of Preparation and Significant Accounting Policies

2.1 Statement of compliance
The financial statements of the Bank have been prepared in accordance with the “First Schedule (Section 38) of the
Banking Companies Act 1991 as amended by BRPD circular no. 14 dated 25 June 2003, BRPD circular no. 15 dated 09
November 2009, other Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSs), Bangladesh
Accounting Standards (BASs), Financial Accounting Standards issued by the Accounting and Auditing Organization
for Islamic Financial Institutions, Bahrain etc. The Bank complied with the requirement of the following regulatory
and legal authorities:
i) Banking Companies Act 1991

ii) Companies Act 1994
iii) Rules, regulations and circulars issued by the Bangladesh Bank from time to time
iv) Bangladesh Securities and Exchange Rules 1987
v) Bangladesh Securities and Exchange Ordinance 1969
vi) Bangladesh Securities and Exchange Commission Act 1993
vii) Bangladesh Securities and Exchange Commission (Public Issues) Rules 2006
viii) Income Tax Ordinance and Rules 1984
ix) Value Added Tax Act 1991
However, the Group and the Bank has departed from some contradictory requirements of BFRSs in order to comply
with the rules and regulations of Bangladesh Bank which are disclosed below:
(a) Investments in shares and securities

BFRS:
As per requirements of BAS 39 investment in shares and securities generally falls either under “at fair value
through profit and loss account” or under “available for sale” where any change in the fair value (as measured in
accordance with BFRS 13) at the year-end is taken to profit and loss account or revaluation reserve respectively.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003 investments in quoted shares and unquoted shares are revalued
at the year end at market price and as per book value of last audited balance sheet respectively. Provision should
be made for any loss arising from diminution in value of investment; otherwise investments are recognised at
cost.
(b) Revaluation gain/loss on Government securities

BFRS:
As per requirement of BAS 39 where securities will fall under the category of Held for Trading (HFT), any change
in the fair value of held for trading assets is recognised through profit and loss account. Securities designated as
Held to Maturity (HTM) are measured at amortised cost method and interest income is recognised through the
profit and loss account.

Bangladesh Bank:
HFT securities are revalued on the basis of mark to market and at year end any gains on revaluation of securities
which have not matured as at the balance sheet date are recognised in other reserves as a part of equity and any
losses on revaluation of securities which have not matured as at the balance sheet date are charged in the profit
and loss account. Interest on HFT securities including amortisation of discount are recognised in the profit and
loss account. HTM securities which have not matured as at the balance sheet date are amortised at the year end
and gains or losses on amortisation are recognised in other reserve as a part of equity.
(c) Provision on loans and advances

BFRS:
As per BAS 39 an entity should start the impairment assessment by considering whether objective evidence of
impairment exists for financial assets that are individually significant. For financial assets that are not individually
significant, the assessment can be performed on an individual or collective (portfolio) basis.
Bangladesh Bank:
As per BRPD circular No.14 (23 September 2012), BRPD circular No. 19 (27 December 2012) and BRPD circular
No. 05 (29 May 2013) a general provision at 0.25% to 5% under different categories of unclassified loans (good/
standard loans) have to be maintained regardless of objective evidence of impairment. Also provision for sub-
standard loans, doubtful loans and bad losses has to be provided at 20%, 50% and 100% respectively for loans
and advances depending on the duration of overdue. Again as per BRPD circular no. 14 dated 23 September
2012, a general provision at 1% is required to be provided for all off-balance sheet exposures. Such provision
policies are not specifically in line with those prescribed by BAS 39.
(d) Recognition of interest in suspense

BFRS:
Loans and advances to customers are generally classified as ‘loans and receivables’ as per BAS 39 and interest
income is recognised through effective interest rate method over the term of the loan. Once a loan is impaired,
interest income is recognised in profit and loss account on the same basis based on revised carrying amount.
Bangladesh Bank:
As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified, interest on such loans are not
allowed to be recognised as income, rather the corresponding amount needs to be credited to an interest in
suspense account, which is presented as liability in the balance sheet.
(e) Other comprehensive income

BFRS:
As per BAS 1 Other Comprehensive Income (OCI) is a component of financial statements or the elements of OCI
are to be included in a single Other Comprehensive Income statement.
Bangladesh Bank:
Bangladesh Bank has issued templates for financial statements which will strictly be followed by all banks. The
templates of financial statements issued by Bangladesh Bank do not include Other Comprehensive Income nor
are the elements of Other Comprehensive Income allowed to be included in a single Other Comprehensive
Income (OCI) Statement. As such the Bank does not prepare the other comprehensive income statement.
However, elements of OCI, if any, are shown in the statements of changes in equity.
(f) Financial instruments - presentation and disclosure

In several cases Bangladesh Bank guidelines categorise, recognise, measure and present financial instruments
differently from those prescribed in BAS 39. As such full disclosure and presentation requirements of BFRS 7
and BAS 32 cannot be made in the financial statements.
(g) Financial guarantees
BFRS:
As per BAS 39, financial guarantees are contracts that require an entity to make specified payments to reimburse
the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the
terms of a debt instrument. Financial guarantee liabilities are recognised initially at their fair value, and the initial
fair value is amortised over the life of the financial guarantee. The financial guarantee liability is subsequently
172
carried at the higher of this amortised amount and the present value of any expected payment when a payment
under the guarantee has become probable. Financial guarantees are included within other liabilities.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, financial guarantees such as letter of credit, letter of guarantee
will be treated as off-balance sheet items. No liability is recognised for the guarantee except the cash margin.
(h) Cash and cash equivalents

BFRS:
Cash and cash equivalent items should be reported as cash item as per BAS 7.
Bangladesh Bank:
Some cash and cash equivalent items such as ‘money at call and on short notice’, treasury bills, Bangladesh Bank
bills and prize bond are not shown as cash and cash equivalents. Money at call and on short notice presented on
the face of the balance sheet, and treasury bills, prize bonds are shown in investments.
(i) Non banking assets

BFRS:
No indication of Non-banking asset is found in any BFRS.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, there must exist a face item named Non-banking asset.
(j) Cash flow statement

BFRS:
The Cash flow statement can be prepared using either the direct method or the indirect method. The presentation
is selected to present these cash flows in a manner that is most appropriate for the business or industry. The
method selected is applied consistently.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, cash flow is the mixture of direct and indirect methods.
(k) Balance with Bangladesh Bank (CRR)

BFRS:
Balance with Bangladesh Bank should be treated as other asset as it is not available for use in day to day
operations as per BAS 7.
Bangladesh Bank:
Balance with Bangladesh Bank is treated as cash and cash equivalents.
(l) Presentation of intangible asset

BFRS:
An intangible asset must be identified and recognised, and the disclosure must be given as per BAS 38.
Bangladesh Bank:
There is no regulation for intangible assets in BRPD circular no.14 dated 25 June 2003.
(m) Off balance sheet items

BFRS:
There is no concept of off-balance sheet items in any BFRS; hence there is no requirement for disclosure of off-
balance sheet items on the face of the balance sheet.
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, off balance sheet items (e.g. Letter of credit, Letter of guarantee
etc.) must be disclosed separately on the face of the balance sheet.

(n) Loans and advance net of provision
BFRS:
Loans and advances should be presented net of provisions.
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, provision on loans and advances are presented separately as
liability and cannot be netted off against loans and advances.
[Also refer to Note-2.35 Compliance of Bangladesh Accounting Standards (BASs) and Bangladesh Financial
Reporting Standards (BFRSs)]
2.2 Basis for Measurement

The financial statements of the Bank have been prepared on the historical cost basis except for the following material
items:
a) Government Treasury Bills and Bonds designated as ‘Held for Trading (HFT)’ at present value using marking to
market concept with gain crediting to revaluation reserve.
b) Government Treasury Bills and Bonds designated as ‘Held to Maturity (HTM)’ at present value using amortization
concept.
2.3 Use of estimates and judgments
The preparation of consolidated financial statements and financial statements of the Bank required management to
make judgments, estimates and assumptions that affected the application of accounting policies and the reported
amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions have been reviewed considering business realities. Revisions of accounting
estimates have been recognized in the period in which the estimates have been revised and in the future periods
affected, if applicable.
The preparation of financial statements in conformity with adopted BFRS requires the use of certain critical accounting
estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting
policies. The accounting policies set out below have been applied consistently across the Group and to all periods
presented in these financial statements.
2.4 Foreign currency transactions
2.4.1 Functional and presentational currency

Financial statements of the Bank have been presented in Taka, which is the Bank’s functional and presentational
currency.
2.4.2 Foreign currency translation

Foreign currency transactions have been converted into equivalent Taka currency at the ruling exchange rates on
the respective date of such transactions as per BAS 21 “The Effects of Changes in Foreign Exchange Rates”. Foreign
Currency conversion rates for the year 2013 are as follows:
Sl. No. Particular SGD RM
1 Assets & Liabilities 61.4470 23.6422
2 Income & Expenses 63.3821 24.9448
Here, SGD and RM indicate Singaporean Dollar and Malaysian Ringgit respectively.
2.4.3 Commitment
Commitments for outstanding forward foreign exchange contracts disclosed in the consolidated financial statements
and financial statements of Bank have been translated at contracted rates. Contingent liabilities/commitments for
letter of credit, letter of guarantee and acceptance denominated in foreign currencies have been expressed in Taka
terms at the rates of exchange ruling on the balance sheet date.
2.4.4 Translation gain and losses

Gains or losses arising out of translation of foreign exchange have been included in the Profit and Loss Statement
and in Balance Sheet.
174
2.4.5 Foreign operations
The assets & liabilities of foreign operations are translated to Bangladeshi Taka at exchange rate prevailing at the
balance sheet date. The income & expenses of foreign operations are translated at average rate of exchange for the
year. Foreign currency differences are recognised and presented in the foreign currency translation reserve in equity.
2.5 Basis for Consolidation

The consolidated financial statements include the financial statements of Agrani Bank Limited and its four subsidiaries
named Agrani Equity and Investment Limited and Agrani SME Financing Company Limited, Agrani Exchange House
Private Limited, Singapore and Agrani Remittance House, BHD, Malaysia made up to the end of the financial year.
The Consolidated financial statements have been prepared in accordance with Bangladesh Accounting Standards
BAS-27 ‘Consolidated and Separate Financial Statements’. These Consolidated financial statements are prepared
to a common financial year ended 31 December 2013.
2.5.1 Subsidiaries
Subsidiaries are entities controlled by the group. The financial statements of subsidiaries are included in the
Consolidated Financial Statements from the date that control commences until the date the control ceases.
Status of Ownership Country of Operation

Name of Subsidiary Ownership
Agrani Exchange House Pte. Limited 100.00% Wholly Singapore
Agrani Remittance House SDN. BHD. 100.00% Wholly Malaysia
Agrani Equity and Investment Limited 99.99% Majority Bangladesh
Agrani SME Financing Com. Limited 99.99% Majority Bangladesh
2.5.2 Transactions eliminated on consolidation

Intra-group balances and transactions and any unrealized income and expenses arising from intra-group transactions
are eliminated in preparing the Consolidated Financial Statements. Unrealized gains or unrealized losses arising
from transactions with equity accounted investees are eliminated against the investment to the extent of the group’s
interest in the investee.
2.6 Materiality, aggregation and offsetting

The Bank aggregates each material class of similar items and separately which are dissimilar in nature or function
unless those are immaterial. The Bank did not offset assets and liabilities or income and expense, unless required or
permitted by BAS/ BFRS.
2.7 Comparative Information

Presentation of Financial Statements, comparative information in respect of the previous year have been presented
in all numerical information in the financial statements and the narrative and descriptive information where, it is
relevant for understanding of the current year’s financial statements.
2.8 Reporting period

The accounting period of the bank has been determined to be from 01 January to 31 December each year and is
followed consistently.
2.9 Cash flow statement

Cash Flow Statement is prepared principally in accordance as per the guidelines of BRPD circular no.14 dated 25
June 2003. The Cash Flow Statement shows the structure of and changes in cash and cash equivalents during the
year. Cash Flows during the period have been classified as operating activities, investing activities and financing
activities.
2.10 Statement of changes in equity

Statement of Changes in Equity has been prepared in accordance with BAS 1 “Presentation of Financial Statements”
and following the guidelines of Bangladesh Bank BRPD circular no.14 dated 25th June 2003.

2.11 Liquidity statement
The basis of the liquidity statement of assets and liabilities as on the reporting date is given below:
Particulars Basis
Balance with other banks and financial institutions Maturity term
Investments Respective maturity terms
Loans and advances Repayment schedule basis
Fixed assets Useful life
Other assets Realization/ amortization basis
Borrowing from other banks, financial institutions & agents Maturity/ repayments terms
Deposits and others accounts Maturity term/ Previous trend
Other liabilities Payments/ adjustments schedule basis
2.11 Cash and cash equivalents

Cash and cash equivalents include notes and coins on hand, unrestricted balances held with Bangladesh Bank and
highly liquid financial assets which are subject to insignificant risk of changes in their fair value, and are used by the
Bank management for its short-term commitments.
2.12 Investments
All investments (other than government treasury securities and bonds) are initially recognised at cost, including
acquisition charges associated with the investment. Premiums are amortised and discount accredited, using the
effective or historical yield method. Accounting treatment of government treasury securities and bonds (categorised
as HFT or/and HTM) is made following Bangladesh Bank DOS circular letter no. 5, dated 26 May 2008 (amended on
28 January 2009) and DOS circular letter no. 2, dated 19 January 2012.
2.12.1 Held to Maturity (HTM)

Investments (financial instruments) which have fixed or determinable maturity date and the bank has no intention to
sell before their maturity date irrespective of changes in market prices or the bank’s financial position or performance
are grouped as held to maturity. Government Treasury Bills, Government Treasury Bonds and other securities
approved for statutory liquidity reserves have been classified as held to maturity financial asset.
2.12.2 Held for Trading (HFT)

Investment (financial instruments) are grouped as held for trading if they have been originated, acquired or incurred
principally for the purpose of selling or repurchasing them in the next term. Treasury bond and quoted shares have
been grouped as held for trading instruments. Instruments under this head have been valued at market price except
quoted shares. Government Treasury Bills, Bonds have been valued using marking to market concept on the basis
as mentioned in note 2.12.3. Gain/(Loss) on revaluation of held for trading instrument is recognized in the profit and
loss account. Quoted shares have been presented at cost instead of market price as described in note 2.12.5.
2.12.3 Revaluation
As per the DOS (BB) Circular letter no.-05, dated 26 May 2008 & subsequent amendment circular no.-05, dated 28
January 2009, HFT (Held for Trading) securities are revalued on weekly basis and HTM (Held to Maturity) securities
are amortized on yearly basis. The HTM securities are also revalued if they are reclassified to HFT category with the
Board’s approval. Any gain or loss on revaluation of HTM securities is recognized in the statement of changes in
equity. Gain/(Loss) on revaluation of HFT securities is recognized in the profit and loss account on weekly basis and
gain on revaluation is transferred to statement of changes in equity on monthly basis.
2.12.4 Available for sale

Investments (financial instruments) in shares that have a quoted price but are not held for trading and investments
in shares that are not quoted in an active market and are not held for trading are grouped as Available for sale.
Financial instruments grouped under this head are presented in note 50. All shares quoted and unquoted have been
presented in financial statements at cost instead of market price as described in note 2.12.5.
176
2.12.5 Quoted and unquoted shares
Investments in equity instruments/shares that are not quoted in active market are not measured at fair value due
to absence of information required to measure in fair value reliably; so these are presented at cost. The equity
instruments that are quoted in active market are also not presented at fair value. Abnormal ups and downs have
been going on in the market of quoted shares and if the shares are measured at fair value the results of financial
performance will be seriously misleading for the objective of financial statements. Considering the circumstances,
the principle of presenting the quoted shares in market value has been departed and that departure is replied with
regulatory requirements i.e. Bangladesh Bank guideline. Provision has been made for diminution in value of shares.
Details of quoted and unquoted shares are shown in annexure-C(1) and annexure-C(2) respectively.
2.12.6 Investment and related income

(a) Income on investments other than shares is accounted for on accrual basis concept; and
(b) Dividend income on investment in shares is accounted for in the year when right has been established.
2.13 Loans and advances

2.13.1 Presentation of loans and advances
i) Loans and advances are initially recognized at fair value, representing the cash advanced to the borrower plus
the net of direct and incremental transaction costs and fees. They are subsequently measured at amortized cost
and shown at gross amount instead of directly reducing the carrying amount of assets while interest suspense
and loan loss provision against classified loans are shown under other liabilities in the Balance Sheet as per BRPD
Circular no. 14, dated June 25, 2003.
ii) Loans to staffs are allowed at concessional rate as approved by the authority are shown under advances as per
BRPD Circular no. 14, dated 25 June 2003.
2.13.2 Interest on loans and advances

i) Interest is calculated on unclassified loans and advances and recognized as income during the year;
ii) Interest calculated on classified loans and advances as per Bangladesh Bank Circulars is kept in interest suspense
account and credited to income on realization;
iii) Interest is calculated on daily product basis but debited to the party’s loan account quarterly. No interest is
charged on loans and advances which are classified as bad and loss;
iv) Total balance of loans and advances as on December 31, 2013 includes bad/loss loan Tk.27,288 million on which
the Bank did not accrue any interest because of deterioration of quality of loans and advances determined by
the management and on the basis of instructions contained in Bangladesh Bank Circulars as mentioned in Note-
2.13.3 of this financial statements; and
v) Interest suspense and penal interest, if any, calculated on classified loans and advances are taken into income in
the year of its receipt from the defaulting borrowers.
2.13.3 Provision for loans and advances

Provision for loans and advances has been made on the basis of instructions contained in Bangladesh Bank BRPD
Circular no.19 dated December 27, 2012, BRPD Circular no.14 dated September 23, 2012.
Rate of Provision
Consumer Financing
Loans to All
Short term
Particulars Other Than SMEF BHs/ MBs/ Other
agri credit
HF & LP HF LP SDs Credit
Standard 5% 5% 2% 2% 0.25% 2% 1%
Unclassified
SMA - 5% 5% 5% 5% 5% 5%
SS 5% 20% 20% 20% 20% 20% 20%
Classified DF 5% 50% 50% 50% 50% 50% 50%
BL 100% 100% 100% 100% 100% 100% 100%
2.13.4 Interest and discount income

Interest on loans and advances, investment income and discount income are stated at gross amount as per
requirement of BRPD Circular no 14 dated June 25, 2003.

2.13.5 Written off loans and advances
Loans and advances with no realistic prospect of recovery have been written off against which full provisions were
made earlier and legal cases initiated but pending, except the state owned enterprises for which no legal actions
have been taken. Detailed memorandum records for all such written off accounts are maintained without reducing
the Bank’s claim. Written off loans are calculated according to BRPD Circular no 2, dated January 13, 2003 and DOS
Circular no 1, dated December 29, 2004.
2.14 Fixed assets and depreciation

a) Fixed assets are stated at cost of acquisition/valuation less accumulated depreciation.
b) Depreciation is charged on straight-line method on all fixed assets at the following rates per annum:
Fixed Assets Rate of depreciation
Land Nil
Building 2.50%
Furniture and Fixture 10.00%
Library Books 10.00%
Motor Vehicles 20.00%
Office Equipment 20.00%
Electric Materials 20.00%
Computer and Computer accessories 20.00%
c) Depreciation at the applicable rates is charged proportionately on additions made during the year from the
month of their acquisition if such assets are acquired in the first half of the month. Depreciation is charged on
assets retiring during the year for the period up to the end of the month of their retirement if assets are retiring
in the second half of the month.
d) Upon retirement of items of fixed assets the cost and accumulated depreciation are eliminated from the accounts
and the resulting gains or losses, if any, are transferred to Profit and Loss Account.
e) Repairs and maintenances costs of fixed assets are treated as revenue expenditure and charged to Profit and
Loss Account when they are incurred. Depreciation of premises and equipment is included in general and
administrative expenses. Repairs and maintenances are charged to general and administrative expenses and
improvements of fixed assets are capitalized. Gain or loss on sale of fixed assets is recognised in profit and loss
statement as per provision of BAS 16 “Property, Plant and Equipment”.
2.15 Other Assets
2.15.1 Provision for other assets

Other assets have been classified as per BRPD Circular No. 14 dated June 25, 2003 of Bangladesh Bank and
necessary provisions made thereon accordingly and for items not covered under the circular, adequate provisions
have been made considering their realize ability.
2.15.2 Written off other assets

Other assets having no realistic prospect of recovery have been written off against full provision without reducing
the claimed amount of the Bank. Notional balances against other assets written off have been kept to maintain the
detailed memorandum records for such accounts/assets.
2.16 Reconciliation of inter branch transactions

Inter branch transactions are reconciled on a regular basis and balance of un-reconciled entries at the closing date
is accounted for according to its nature.
178
2.17 Assets pledged as security
The Bank has no secured liabilities except as mentioned in Note-10.2 to the financial statements and there was no
asset pledged as security against liabilities.
2.18 Revenue recognition

Revenue is recognized only when it is probable that the economic benefits associated with the transaction will flow
to the entity. Items are treated as revenue/income when there is no existence of risk or uncertainty regarding their
realize ability.
2.19 Fees and commissions

The recognition of fees revenue including commissions is determined by the purpose for the fees and the basis of
accounting for any associated financial instruments. Fees earned from services that are provided over a specified
service period are recognized over that service period. Fees earned for the completion of a specific service or
significant event are recognized when the service has completed or the event has occurred.
Fees and commissions consist mainly of fees for opening of letters of credit and issuance of guarantees in BDT and
in foreign currencies. Fees and commissions are charged when they become due. Commissions arising from foreign
currency transactions are reported as income.
2.20 Interest paid and expenses

In terms of the provision of the Bangladesh Accounting Standard (BAS-1) Presentation of Financial Statements, the
interests and other expenses are recognized on accrual basis.
2.21 Retirement benefit scheme

The Bank operates two alternative retirement benefit schemes for its permanent employees, elements of which are
as under:
a) Contributory provident fund (CPF) scheme
i) Employees’ contribution 10%;
ii) Bank’s contribution 10%;
iii) This fund is operated by a Board comprising of 6 Trustees and
iv) Employees enjoying contributory provident fund facilities are entitled to get gratuity for 2 months last basic
pay drawn for each completed year of service subject to completion of minimum 10 years of service.
b) General pension fund scheme
i) Pension
The Bank operates a pension scheme. This fund is operated by a Board comprising of 7 Trustees.
ii) Annual provision
Year % of basic pay
1986 to 1994 10%
1995 to 1999 18%
2000 to 2003 25%
2004 to 2005 30%
2006 35% (Actuarial valuation has been performed and necessary provision are being
maintained in the accounts as per valuation)
2007 to 2013 30% (Necessary provisions are being maintained in the accounts)
This has been named as Superannuation Fund (SAF) created for paying pension to retiring employees. The fund
is shown under other liabilities head.
iii) General provident fund (GPF)
Employees opted for pensions are also contributing 10%-30% of basic salary as per their desire to GPF. The
Bank does not contribute any amount to the GPF against these employees. The Fund is shown under Sundry
Deposit.

2.22 Death relief grant scheme
The Bank operates a Death Relief Grant Scheme since January 01, 1989, which replaced the group insurance scheme.
The scheme is applicable to all employees of the Bank and payments out of this fund are made to the successors of
the employees on their death while in Bank’s service and quantum of payment is determined as per scale and grade
of such employees.
2.23 Taxation
The Bank recognizes the current and deferred tax in the financial statements using the provisions of the prevailing
tax laws applicable in Bangladesh and as per BAS-12 (Income Taxes). Current and deferred taxes are charged or
credited to equity if the tax relates to items that are charged or credited directly to equity. Status of current and
deferred tax is as under:
i) Past tax liability: Income Tax assessment has been finalized up to 2003, 2004 and 2007. Appeal is pending for
the year 2002, 2005, 2006, 2008, 2009 and 2010. The return has been submitted for the year 2011 and 2012. The
submission of tax return for the year 2013 is in process.
ii) Current tax: Tk.73.44 million (consolidated) has been made for provision for the year 2013 as against Tk.1,613
million (consolidated) in the year 2012. Details of Tax assessment are shown annexure-F. While calculating
provision for tax, ‘Amortization of Valuation Adjustment’ amounting to Tk.1,329.50 million has been considered
as admissible expense.
iii) Deferred tax: Deferred tax has been calculated as per Bangladesh Accounting Standard-12 Income Taxes.
Calculation shows deferred tax assets of Tk. 6,554.56 million (Note - 9.6), which has been accounted for
accordingly as against previous year’s figure of Tk. 4,398 million. Difference amount of Tk. 2,156 million has been
credited to the Profit & Loss Account.
2.24 Provisions
Provisions are recognized if the Bank has a present legal or constructive obligation as a result of past events, if it is
probable that an outflow of resources will be required to settle the obligation, and a reliable estimation can be made
of the amount of the obligation.
The amount recognized as a provision is the best estimate of the consideration required to settle the present
obligation as of the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.
2.25 Loan commitments

No loan commitments are found to be designated at fair value through profit or loss under the fair value option.
All loan commitments remain as off balance sheet item.
2.26 Offsetting of asset and liability

The value of any asset or liability as shown in the balance sheet are not off-set by way of deduction from another
liability or asset unless there exist a legal right therefore. No such incident existed during the year.
2.27 Financial guarantees

Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse the
holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms
of a debt instrument. Such financial guarantees are given to banks, financial institutions and other parties on behalf
of customers to secure loans, overdrafts, other banking facilities and other various payments. Financial guarantees
are recognized in the financial statements at fair value on the date the guarantee was given as contingent liability.
2.28 Events after Reporting Period

As per BAS -10 “Events after Reporting Period” events after the reporting period are those events, favourable and
unfavourable, that occur between the end of the reporting period and the date when the financial statements are
authorised for issue. Two types of events can be identified:
(a) those that provide evidence of conditions that existed at the end of the reporting period (adjusting events after
the reporting period); and
(b) those that are indicative of conditions that arose after the reporting period (no adjusting events after the
reporting period).
180
2.29 Segment reporting
For the purpose of Segment Reporting as per Bangladesh Financial Reporting Standard-8, the following segments
relating to revenue, expenses, assets and liabilities have been identified and shown in the related notes accordingly
as primary/secondary segments.
i) domestic operations in line with geographical segments;
ii) banking operations comprising of branches of the banking entity; and
iii) treasury operations comprising of the banking entity.
Information regarding the result of each reportable segment is included in Annexure-M. Performance is measured
based on segment profit before provision, as included in the internal management reports that are reviewed by
the Bank’s Management. Segment report is used to measure performance as Management believes that such
information is the most relevant in evaluating the results of certain segments relative to other entities that operate
within these industries.
2.30 Risk management

Being a financial institution, in the ordinary course of business, the bank is sensitive to verities of risks. The generic
severity of such risk(s) is much intense in our locality due to presence of large number of banks and complex financial
transactions. In such highly competitive environment to ensure a bank’s consistent system and performance, the
presence of strong Risk Management culture is obligatory. Being compliant, the bank is now looking forward to take
risk management practice to a different level, i.e. preventing risk before occurrence rather than a reactive manner;
on a proactive basis. As a part of regulatory and global benchmarking the bank has based upon 06 (six) core risks
guidelines of Bangladesh Bank and Basel framework. Listed below are the identified risks the bank is currently
managing or intents to manage in the future:
Sl. No. Core Risk Guideline of BB Basel Accord Pillar
1 Credit Risk Credit Risk
2 Foreign Exchange Risk Market Risk Pillar - I

&
3 Asset Liability Risk Operational Risk Pillar - II
4 Money Laundering Risk Residual Credit Risk
5 Internal Control & Compliance Risk Residual Risk (CRM) Pillar –II
6 ICT Risk Residual Market Risk – Equity Pillar –II
7 Residual Market Risk - Currency Pillar –II
8 Credit Concentration Risk Pillar –II
9 Liquidity Risk Pillar –II
10 Interest Rate Risk Pillar –II
11 Settlement Risk Pillar –II
12 Reputation Risk Pillar –II
13 Strategic Risk Pillar –II
14 Pension Obligation Risk Pillar –II
15 Compliance Risk Pillar –II
Accordingly the bank has various high powered committees to monitor and ensure smooth risk management
activities. For example, Management Committee (MANCOM), Asset Liability Committee (ALCO), Credit Committee
(CC), Audit Committee, etc. To manage the overall risks of the bank in line of Basel the bank has formed a dedicated
Core Risk Management & Basel-II Implementation Division. The detail of ABL’s risk management is shown in the
chapter “Risk Management”.

2.31 Related party transactions
A party is related to the company if
(i) directly or indirectly through one or more intermediaries, the party controls, is controlled by, or is under common
control with, the company; has an interest in the company that gives it significant influence over the company;
or has joint control over the company;
(ii) the party is an associate;
(iii) the party is a joint venture;
(iv) the party is a member of the key management personnel of the Company or its parent;
(v) the party is a close member of the family of any individual referred to in (i) or (iv);
(vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant
voting power in such entity resides with, directly or indirectly, any individual referred to in (iv) or (v); or
(vii) the party is a post-employment benefit plan for the benefit of employees of the company, or of any entity that is
a related party of the company.
Related party transaction is a transfer of resources, services, or obligations between related parties regardless a price
is charged as per BAS 24. Details of related party transactions are disclosed in Annexure- A.
2.32 Directors’ responsibilities on statement

The Board of Directors takes the responsibilities for the preparation and presentation of these financial Statements.
2.33 Approval of financial statements

The financial statements were approved by the board of directors on April 23, 2014.
2.34 Credit Rating of the Bank

As per the BRPD circular no. 6 dated 5 July 2006, the Bank has done its credit rating by Credit Rating Information
and Services Limited (CRISL) based on the financial statements of Agrani Bank Limited dated 31 December 2012.
The following ratings had been awarded:
Long Term Short Term

Basis of Rating Outlook
2013 2012 2013 2012
As Government Entity AAA AAA ST-1 ST-1 Stable
As Commercial Bank Entity BBB A+ ST-3 ST-2 Stable
2.35 Compliance of Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting
Standards (BFRS)
Name of Bangladesh Accounting Standards (BAS) BAS No. Status
Presentation of Financial Statements 1 Applied
Inventories 2 N/A
Statement of Cash Flows 7 Applied
Accounting Policies, Changes in Accounting Estimates and Errors 8 Applied
Events after the Reporting Period 10 Applied
Construction Contracts 11 N/A
Income Taxes 12 Applied
Property, Plant and Equipments 16 Applied
Leases 17 Applied
Revenue 18 Applied
Employee Benefits 19 Applied
Accounting for Govt. Grants and Disclosure of Government Assistance 20 N/A
The Effects of Changes in Foreign Exchange Rates 21 Applied
Borrowing Costs 23 Applied
Related Party Disclosures 24 Applied
Accounting & Reporting by Retirement Benefit Plans 26 N/A
182
Name of Bangladesh Accounting Standards (BAS) BAS No. Status
Consolidated and Separate Financial Statements 27 Applied
Investments in Associates 28 N/A
Interest in Joint Ventures 31 N/A
Financial Instruments: Presentation 32 Applied*
Earnings per share 33 Applied
Interim Financial Reporting 34 N/A
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied
Financial Instruments: Recognition and Measurement 39 Applied*
Investment Property 40 Applied
Agriculture 41 N/A
Name of Bangladesh Financial Reporting Standards (BFRS) BFRS No. Status

First-time Adoption of Bangladesh Financial Reporting Standards 1 Applied
Share-Based Payment 2 N/A
Business Combinations 3 N/A
Insurance Contracts 4 N/A
Non-Current Assets Held for Sale and Discontinued Operations 5 N/A
Exploration for and Evaluation of Mineral Resources 6 N/A
Financial Instruments: Disclosures 7 Applied*
Operating Segments 8 Partly Applied
* Subject to departure mentioned earlier
2.36 Audit Committee
Status with
Name Status with Bank Address
Committee
Mr. Arastoo Khan Ditector Chairman Additional Secretary
Room No. 06, Block No. 16
Planning Commission Complex
Sher-E-Bangla Nagar, Dhaka.
Mr. A.K Gulam Kibria, FCA Ditector Member Chartered Accountants
G. Kibria & Co.
24-25 Dilkusha C/A, Dhaka.
Engineer Md. Abdus Sabur Ditector Member Engineer and Industrialist
4, Motijheel C/A, Dhaka.
Advocate Balaram Podder Ditector Member Eastern Arzoo Complex
61 BijoyNagar, Dhaka.
Mr. Md. Altaf Hossain Molla Ditector Member DIG of Police (Retd.)
Garden Value, Flat No. A-3
51/1, Circular Road, Dhaka.
The detail of ABL’s Audit Committee is given in the chapter “Report of the Board Audit Committee”.
2.37 General
a) Figures have been rounded off to the nearest taka.
b) Prior Year’s figures have been shown for comparison purposes and rearranged wherever necessary to conform
to current year’s presentation.
c) Conversion rate is calculated based on the simple average of buying and selling rate.

31-Dec-13 31-Dec-12
Taka Taka
3 Cash 26,237,586,987 20,683,023,020

3.1 Cash in Hand
Local currency 4,499,045,652 3,308,182,104
Foreign currencies 253,185,233 326,994,676
4,752,230,885 3,635,176,780
3.2 Balance with Bangladesh Bank and its Agent Bank

Bangladesh Bank (Note - 3.2.1) 20,124,509,491 15,736,352,049
Sonali Bank Limited as agent of Bangladesh Bank (Note - 3.2.2) 1,360,846,611 1,311,494,191
21,485,356,102 17,047,846,240
Total (Note 3.1+3.2) 26,237,586,987 20,683,023,020
3.2.1 Balance with Bangladesh Bank

Local currency 20,104,644,458 15,711,043,756
Foreign currencies 19,865,033 25,308,293
20,124,509,491 15,736,352,049
3.2.2 Balance with Sonali Bank Limited

Local currency 1,360,846,611 1,311,494,191
Foreign currencies - -
1,360,846,611 1,311,494,191
3.3 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR)
Cash Reserve Requirement and Statutory Liquidity Ratio have been calculated and maintained as per Section 33 of
the Bank Companies Act 1991 and BRPD Circular No (P)683/2005-2996 dated 25-08-05.
As per MPD Circular No.04 dated 01 December, 2010, the amount of CRR required to be maintained @ 6% of total
demand and time liabilities daily on bi-weekly average basis subject to the condition that the amount of CRR so
maintained should not be less than @ 5.5% in any day effecting from 15 December, 2010.
3.3.1 Cash Reserve Requirement (CRR)

Minimum Reserve Required @ 5.5% of Total Demand and Time Liabilities 18,007,925,300 14,827,595,390
Required Reserve @ 6% of Average Demand and Time Liabilities 19,645,009,420 16,175,558,610
Actual Reserve held with Bangladesh Bank 17,928,060,000 16,113,545,000
Surplus/ (Deficit) (1,716,949,420) (62,013,610)
As per MPD circular # 4 dated 01 December 2010 daily CRR may kept @ 5.5% on daily basis. But bi-weekly average
amount not below 6% of Total Time & Demand Liabilities.
ABL faced CRR shortfall due to reverse repo made by Bangladesh Bank as on 30-12-2013.
3.3.2 Cash Reserve Requirement (Bi-Weekly Average)

Required Reserve @ 6% of Average Demand and Time Liabilities 19,645,009,420 16,175,558,610
Actual Reserve held with BB (on average for last bi-weekly of December) 19,767,904,059 16,282,838,650
Surplus/(Deficit) 122,894,639 107,280,040
184
31-Dec-13 31-Dec-12
Taka Taka
3.3.3 Statutory Liquidity Ratio (SLR)
Required reserve @19% of total demand and time liabilities 62,209,196,480 51,222,602,270
Actual reserve held 151,915,729,140 79,729,428,020
Surplus/(Deficit) 89,706,532,660 28,506,825,750
3(a) Consolidated Cash

(i) Cash in Hand
Agrani Bank Limited 4,752,230,885 3,635,176,780
Agrani Equity & Investment Limited - -
Agrani SME Financing Company Limited 75,353 28,618
Agrani Exchange House Pvt. Limited Singapore 93,052,940 55,105,490
Agrani Remittance House SDN. BHD. Malaysia 35,960 59,240
4,845,395,138 3,690,370,128
(ii) Balance with Bangladesh Bank and its Agent Bank
Agrani SME Financing Company Limited 5,000,000 -
Agrani Exchange House Pvt. Limited Singapore - -
Agrani Remittance House SDN. BHD. Malaysia - -
21,490,356,102 17,047,846,240
26,335,751,240 20,738,216,368
4 Balance with Other Banks & Financial Institutions
In Bangladesh (Note - 4.1) 11,292,868,658 2,883,930,314

Foreign currencies (Outside Bangladesh) 849,275,549 2,409,764,752
12,142,144,207 5,293,695,066
4.1 In Bangladesh: Local Currency
Bank
Al-Arafah Islami Bank Limited 4,151,159,157 309,683,313
First Security Islami Bank Limited 10,000,374 494
Shahjalal Islami Bank Limited - 151,925,000
Bangladesh Commerce Bank Limited - 120,000,000
Bank Asia Limited - -
Bangladesh Development Bank Limited 500,000,000 -
National Bank Limited 2,000,000,000 -
AB Bank Limited 500,000 500,000
ICB Islamic Bank Limited 81,209,127 81,821,507
National Bank of Pakistan 400,000,000 -
7,142,868,658 663,930,314
Other Financial Institutions
Bangladesh Industrial Finance Company Limited - 80,000,000
Fidelity Asset & Security Limited 200,000,000 20,000,000
First Lease Int. Limited - 200,000,000

31-Dec-13 31-Dec-12
Taka Taka
GSP Finance Company Bangladesh Limited - 20,000,000

International Leasing and Financing Service Ltd. - 250,000,000
Lanka Bangla Limited 50,000,000 250,000,000
Peoples Leasing, Finance & Investment Limited 680,000,000 700,000,000
Premier Leasing & Finance Ltd. 200,000,000 250,000,000
Reliance Finance Limited 370,000,000 400,000,000
Uttara Finance & Investment Limited - 50,000,000
Bangladesh Finance & Investment Company Limited 200,000,000 -
Fareast Finance & Investment Company Limited 150,000,000 -
Union Capital Limited 300,000,000 -
Investment Corporation of Bangladesh 2,000,000,000 -
4,150,000,000 2,220,000,000
11,292,868,658 2,883,930,314
4.2 Balance with Other Banks and Financial Institutions (Account wise)
Current & other accounts 849,275,549 2,409,764,752
Fixed deposit receipts (fdr) 11,292,868,658 2,883,930,314
12,142,144,207 5,293,695,066
4.3 Maturity Grouping of Balances
On demand 849,275,549 -
Less than three months 2,900,000,000 3,462,457,021
More than three months but less than one year 4,242,868,658 1,800,000,000
More than one year but less than five years 4,150,000,000 31,238,045
More than five years - -
12,142,144,207 5,293,695,066
4(a) Consolidated Balance with Other Banks and Financial Institutions
(i) In Bangladesh
Agrani Equity & Investment Limited 44,848,291 9,758,374
Agrani SME Financing Company Limited 824,370,786 775,781,991
12,162,087,735 3,669,470,679
Less: Intra-company transaction(s) (869,219,077) (785,540,365)
11,292,868,658 2,883,930,314
(ii) Outside Bangladesh
Agrani Bank Limited 849,275,549 2,409,764,752
Agrani SME Financing Company Limited - -
Agrani Remittance House SDN. BHD. Malaysia 90,201,495 125,454,167
985,565,121 2,584,043,974
12,278,433,779 5,467,974,288
186
31-Dec-13 31-Dec-12
Taka Taka
5 Money at Call and Short Notice
Commercial banks (Note - 5.1) 2,450,000,000 2,700,000,000
2,450,000,000 2,700,000,000
5.1 Commercial Banks & Non-Bank Financial Institutions
Modhumoti Bank Limited 100,000,000 -
Standard Bank Limited 750,000,000 -
Midland Bank Limited 100,000,000 -
Bank Al-Falah Limited 100,000,000 -
Standard Chartered Bank 850,000,000 -
IDLC Bangladesh Limited 250,000,000 -
Lanka Bangla Finance Limited 100,000,000 -
Bangladesh Finance & Investment Limited 100,000,000 -
United Leasing Limited 100,000,000 -
Mercantile Bank Limited - 500,000,000
Prime Bank Limited - 1,500,000,000
Uttara Bank Limited - 700,000,000
2,450,000,000 2,700,000,000
6 Investments
A. Government Securities
Treasury bills (Annexure-B 1) 29,063,071,090 6,732,210,979
Treasury bonds (Annexure-B 2) 89,604,203,340 64,435,741,086
Prize bonds (at cost) 16,148,600 13,794,600
Reverse repo (Annexure-B 4) 9,568,945,494 -
Sub total (A) 128,252,368,524 71,181,746,665
B. Other Investments
Other bonds (Annexure-B 3) 1,997,445,000 1,480,000,000
Shares at cost (Annexure-C 1, C 2) 19,438,801,019 19,378,058,462
Debenture (at cost) (Annexure-D) 240,000,019 380,000,019
Sub total 21,676,246,038 21,238,058,481
Grand Total (A + B) 149,928,614,562 92,419,805,146
6.1 Maturity Grouping of Investments

On demand 16,148,600 2,095,221,295
Less than three months - 2,734,653,916
More than three months but less than one year 11,499,982,507 25,791,552,333
More than one year but less than five years 9,835,114,565 26,392,742,319
More than five years 128,577,368,890 35,405,635,283
149,928,614,562 92,419,805,146
6.2 Value of Investments
Treasury bills
Treasury bills (30 Days) 9,481,902,662 -
Treasury bills (91 Days) 11,975,240,904 931,512,415
Treasury bills (182 Days) 1,375,308,508 1,508,533,040
Treasury bills (364 Days) 6,230,619,016 4,292,165,524
Total Treasury Bills: 29,063,071,090 6,732,210,979

31-Dec-13 31-Dec-12
Taka Taka
Treasury bonds 89,604,203,340 64,435,741,086

Other bonds 1,997,445,000 1,480,000,000
Prize bonds 16,148,600 13,794,600
Reverse repo 9,568,945,494 -
Debentures 240,000,019 380,000,019
Shares 19,438,801,019 19,378,058,462
120,865,543,472 85,687,594,167
149,928,614,562 92,419,805,146
6.3 Net Investments
Carrying amount 149,928,614,562 92,419,805,146
Less: Provision (Note - 12.11) 4,271,261,834 3,208,098,400
145,657,352,728 89,211,706,746
6.4 Shares at cost under “Other Investments” include Tk. 3,000,000,000 shares purchased under sale and buy back
guarantee. The investment in shares include 6,250,000 shares @ Tk. 200 of Unique Hotel and Resorts Limited on
10 November 2010, 13,500,000 shares @ Tk. 80 of Bextex Limited on 28 November 2010 & 19,875,981 shares @ Tk.
33.71 of GMG Airlines on 2 February 2011 in terms of 20% return on invested amount. Later on addition 12,500,000
shares of Bextex Limited in 2011. Only the shares from GMG Airlines have been transferred in the name of the bank.
Moreover the sale & buy back agreement has also expired on 31 July 2012& hence the exercise period of the sale &
buy back option has also expired. GMG Airlines has suspended its all flight operations from 30 March 2012.
The market value of above shares as on 31 December 2013 was Tk. 1,151,748,795 resulting in a decrease of Tk
1,848,251,205 from the acquisition cost of investment. A provision of Tk. 1,250,000,000 has been made against such
decrease. As the share prices has fallen, the guarantor has given 19,947,211 shares of Beximco Limited & 9,900,000
shares of Shine Pukur Ceramics Limited as pledge in favor of the bank totally market value was Tk. 823,470,194 as at
31 December 2013.Subsequently the bank has recovered amounting Tk. 1,000,000,000.
6(a) Consolidated Investments

(i) Government Securities
128,252,368,524 71,181,746,665
(ii) Others
Agrani Equity & Investment Limited 6,045,764,419 4,171,190,797
27,722,010,457 25,409,249,278
Total Investments (i+ii) 155,974,378,981 96,590,995,943
188
31-Dec-13 31-Dec-12
Taka Taka
7 Loans and Advances
7.1 In Bangladesh and Outside Bangladesh
In Bangladesh
a) Loans
Rural credits 9,720,722,200 8,646,373,980
Weavers credits 8,737,435 10,857,830
Industrial credits 57,094,196,696 51,720,700,469
Jute advances 7,581,852,111 6,302,669,767
Leather sector advances 3,808,552,371 3,641,043,624
Staff loans 21,288,370,374 15,691,648,617
Loan (others) 40,359,090,377 50,560,666,148
Small and micro credits 8,158,742,847 1,867,168,181
148,020,264,411 138,441,128,616
b) Cash credits
Cash credits 41,422,889,244 45,057,291,363
Packing credits 1,154,745,316 946,045,376
Loan against imported merchandise (LIM) 466,709,824 606,009,527
Payment against documents (PAD) 531,176,205 8,282,378,731
43,575,520,589 54,891,724,997
c) Overdrafts 6,052,061,755 13,671,977,217
Total (a+b+c) 197,647,846,755 207,004,830,830
Outside Bangladesh 56 5,484,256
Total Loans, Cash Credit & Over Draft etc. 197,647,846,811 207,010,315,086
Bills Purchased & Discounted (Note - 7.8)

Inland bills purchased (In Bangladesh) 660,879,033 1,151,028,633
Foreign bills purchased (Outside Bangladesh) 4,656,662,294 4,501,673,613
5,317,541,327 5,652,702,246
Total Loans & Advances 202,965,388,138 212,663,017,332
7.2 Maturity Grouping of Loans and Advances

Repayable on demand 4,379,627,421 20,876,734,366
Not more than 3 months 22,396,287,332 8,282,378,731
More than 3 months but not more than 1 year 71,142,172,410 46,924,459,544
More than 1 year but not more than 5 years 36,969,357,091 82,772,709,376
More than 5 years 68,077,943,884 53,806,735,315
202,965,388,138 212,663,017,332
7.3.a Disclosure for Significant Concentration
Advances to allied concerns of directors - -
Advances to managing director - -
Advances to other executives 15,497,621,484 13,382,164,995
Advances to customers’ group 130,373,569,958 147,560,151,868
Industrial credits 57,094,196,696 51,720,700,469
202,965,388,138 212,663,017,332

31-Dec-13 31-Dec-12
Taka Taka
7.3.b Disclosure for Sector-Wise Loans and Advances
Government sector 241,799,000 253,353,000
Other public sector 17,690,247,000 18,535,483,000
Private sector 185,033,342,138 193,874,181,332
202,965,388,138 212,663,017,332
7.3.c Detail of Information on Advances More Than 10% of the Bank’s Paid-up Capital
Powerpack Motiara Power Plant Limited 8,971,300,000 -
Bashundhara Group 3,374,900,000 -
Bangladesh Petroleum Corporation - 16,920,700,000
Diamond Cement Limited - 978,100,000
Prime Group - 1,344,800,000
SDS International Limited - 1,628,300,000
Meghna Group - 866,200,000
Abul Khair Steel Limited - 1,040,400,000
Apex Foods Limited - 1,155,000,000
Sad Musa Fabrics Limited (Unit -1+2+3) - 746,700,000
Samannaz Oil Limited - 1,012,900,000
Bay Tanneries Limited - 977,800,000
Dhaka Hyde & Skins Limited - 1,660,200,000
Siddique Traders - 1,509,200,000
Marrine Vegetable Oil Limited - 3,257,100,000
12,346,200,000 33,097,400,000
7.4 Geographical Location - Wise Loans and Advances
A. Urban
Dhaka region 118,032,433,024 121,422,753,266
Chittagong region 21,809,346,936 35,898,010,296
Khulna region 7,554,331,317 7,149,236,905
Rajshahi region 7,839,012,855 6,791,435,817
Barisal region 6,333,629,884 4,727,205,780
Sylhet region 2,177,200,704 1,648,671,403
Rangpur region 5,705,965,197 4,516,280,126
Mymensing region 4,098,371,950 3,773,946,647
Comilla region 4,103,485,805 4,286,059,046
Faridpur region 4,001,652,558 3,353,662,408
Sub Total 181,655,430,230 193,567,261,694
B. Rural
Dhaka region 2,261,673,396 2,478,015,373
Chittagong region 367,093,570 362,606,165
Khulna region 3,367,599,798 2,135,486,348
Rajshahi region 3,757,508,684 2,773,966,742
Barisal region 2,640,916,328 3,566,137,693
Sylhet region 823,195,429 549,557,134
Rangpur region 2,896,339,900 2,431,843,145
Comilla region 1,731,798,783 1,836,882,448
Faridpur region 864,025,183 838,415,602
Sub Total 21,309,957,908 19,095,755,638
Total (A + B) 202,965,388,138 212,663,017,332
190
31-Dec-13 31-Dec-12
Taka Taka
7.5 Sector-wise Loans and Advances
Agriculture and fishery 9,720,722,200 8,646,373,980
Jute & jute goods 7,581,852,111 6,302,669,767
Transport storage & communication 1,742,650,000 1,500,300,000
Ship breakings 1,157,200,000 2,197,100,000
Textile & readymade garments 19,477,670,000 26,754,200,000
Food & allied industry 5,508,400,000 8,632,700,000
Construction & engineering 1,757,500,000 1,850,456,000
Pharmaceuticals and chemicals 3,454,193,000 2,980,674,000
Leather sector 3,808,600,000 3,641,043,624
Power sector 11,199,033,000 11,804,200,000
Professional and services 2,369,495,055 1,822,688,504
Housing service 6,382,048,590 5,721,242,396
Wholesale/retail trading 28,335,788,000 21,527,800,000
Personal (staff and other personal loan) 21,288,370,000 15,691,648,617
Others 79,181,866,182 93,589,920,444
202,965,388,138 212,663,017,332
7.6 Loans & Advances are Classified as per Bangladesh Bank Circular
Standard
Unclassified (including staff loan) 163,037,320,138 150,512,979,375
Special mention account 4,128,805,000 8,348,786,898
167,166,125,138 158,861,766,273
Classified
Sub-standard 3,800,632,000 7,119,465,383
Doubtful 4,710,268,000 9,188,246,760
Bad & loss 27,288,363,000 37,493,538,916
35,799,263,000 53,801,251,059
202,965,388,138 212,663,017,332
The above unclassified loans and advances includes certain borrower accounts with an aggregate outstanding
amount of Tk. 745.04 crore which has been removed from classification as at December 31, 2013 on the basis of stay-
order from the Honorable High Court Division.
7.6.1 Loans & Advances

A. Inside Bangladesh
I. Continuous Loan (CL-2)
Small & medium enterprise finance 39,889,417,000 34,457,258,486
Other than small & medium enterprise finance 27,209,473,138 44,550,263,825
67,098,890,138 79,007,522,311
II. Demand Loan (CL-3)
Small & medium enterprise 2,401,816,000 486,291,698
Other than small & medium enterprise 16,085,307,000 33,787,378,751
18,487,123,000 34,273,670,449

31-Dec-13 31-Dec-12
Taka Taka
III. Term Loan (CL-4)
Small & medium enterprise finance 18,184,704,000 5,821,686,675
Consumer finance (including staff, other than HF) 29,298,602,000 24,737,133,992
Housing finance (HF) 169,072,000 1,079,535,041
Loans for professional set-up business 38,000 38,122
Others 60,201,886,944 59,311,218,118
107,854,302,944 90,949,611,948
IV. Short Term Agri Credit and Microcredit (CL-5)
Short term agri credit 8,504,672,000 7,606,443,130
Micro credit 1,020,400,000 820,285,238
9,525,072,000 8,426,728,368
B. Outside Bangladesh (Loans, Cash Credits, Overdrafts etc.) 56 5,484,256
Total Loans & Advances (Inside & Outside Bangladesh) (A+B) 202,965,388,138 212,663,017,332
7.6.2 Movement of Classified Loans and Advances

Opening balance 53,801,251,059 21,488,484,445
Addition during the year 8,387,111,941 40,744,566,614
Reduction during the year (26,389,100,000) (8,431,800,000)
35,799,263,000 53,801,251,059
7.7 Particulars of Loans and Advances

Loans considered good in respect of which of the banking company is fully secured 173,017,016,974 181,283,721,412
Loans considered good against which the banking company holds
no security other than the debtor’s personal guarantee 15,834,906,830 16,591,494,227
Loans considered good secured by the personal undertakings of one
or more parties in addition to the personal guarantee of the debtors 14,113,464,334 14,787,801,693
Loans adversely classified; for which no provision is created - -
202,965,388,138 212,663,017,332
Loans due by directors or officers of the banking company or any of
them either separately or jointly with any other persons 15,497,621,484 13,382,164,995
Loans due from companies or firms in which the directors of the
banking company have interests as directors, partners or managing
agents or in case of private companies as members - -
Maximum total amount of advances including temporary advance
made at any time during the year to directors or managers or officers
of the banking companies or any of them either separately or jointly
with any other person 15,497,621,484 13,382,164,995
Maximum total amount of advances including temporary advances
granted during the year to the companies or firms in which the
directors of the banking company have interests as directors, partners
or managing agents or in the case of private companies as members - -
Due from bank companies - -
Amount of classified loan on which interest has not been charged,
mentioned as follows:
192
31-Dec-13 31-Dec-12
Taka Taka
(Decrease) / increase in provision - -

Amount of loan written off - -
Amount realized against loan previously written off 608,903,152 520,051,838
Amount of provision kept against loan classified as ‘bad/loss’ on the 14,554,056,935 27,094,317,426
date of preparing the balance sheet
Interest creditable to the Interest Suspense A/c - -
Cumulative amount of the written off loan 48,380,672,000 35,251,572,000
Amount written off during the current period 13,129,100,000 3,733,696,000
Amount of written off loan for which lawsuit has been filed 48,380,672,000 35,251,572,000
7.8 Bills Purchased and Discounted

In Bangladesh 660,879,033 1,151,028,633
Outside Bangladesh 4,656,662,294 4,501,673,613
5,317,541,327 5,652,702,246
7.9 Maturity Grouping of Bills Purchased and Discounted

Payable within 1 month 5,317,541,327 5,652,702,246
Over 1 month but less than 3 months - -
Over 3 months but less than 6 months - -
6 months or more - -
5,317,541,327 5,652,702,246
7.10 Net Loans and Advances
Carrying amount 202,965,388,138 212,663,017,332
Less: Interest suspense and penal interest (6,879,260,793 ) (7,354,912,359)
Provision for loans & advances (Note-7.10a) (19,227,487,752 ) (34,660,851,791)
26,106,748,545 (42,015,764,150)
176,858,639,593 170,647,253,182
7.10.a Provision for Loans and Advances

Provision against classified loan (Note - 12.5) 16,871,531,935 32,120,296,362
Provision against unclassified loan (Note - 12.6) 2,065,035,857 1,834,733,863
Provision special mention account (Note - 12.7) 50,613,000 497,205,251
Provision for consumer financing (Note - 12.8) 240,306,960 208,616,315
19,227,487,752 34,660,851,791
7(a) Consolidated Loans, Advances and Leases
203,830,945,268 213,547,974,624
Less: Intra-company transaction(s) (4,206,646,330) (2,458,506,286)
199,624,298,938 211,089,468,338

31-Dec-13 31-Dec-12
Taka Taka
8 Fixed Assets Including Land, Buildings, Furniture and Fixtures
Cost/ Valuation
Balance at the beginning of the year 12,868,668,204 12,479,108,079
Addition during the year 642,298,221 433,783,331
Revaluation during the year (10,692,510) -
Disposal/transfer during the year 3,538,291,892 (44,223,206)
Balance at the end of the year 17,038,565,807 12,868,668,204
Less: Accumulated Depreciation

Charge for the year 314,150,934 262,712,311
Adjustment for disposal/transfer (11,536,152) (27,229,665)
Written Down Value (WDV) 15,248,010,045 11,380,727,224
8(a) Consolidated Fixed Assets Including Land, Buildings, Furniture and Fixtures
Written Down Value (WDV)
15,272,402,834 11,401,179,835
9 Other Assets
Investment in shares of subsidiary companies (Note - 9.1) 2,615,424,168 2,615,424,168
Stationery, stamps, printing materials etc. 98,966,009 88,892,934
Accrued income (Note - 9.3) 3,115,055,143 1,945,278,372
Receivable from government 10,744,751 9,092,323
Discount receivable on treasury bills 291,796,434 293,342,434
Advance deposits & prepayments 615,539,327 7,594,416
Advance tax paid (Annexure-F) 7,824,244,320 6,486,620,470
Advance rent 431,236,819 124,024,499
Suspense account (Note - 9.2) 5,284,360,176 6,157,435,711
Demonetized notes 187 187
Debit balance of al-rajhi foreign exchange 347,892,609 347,892,609
D.D paid without advice 1,259,652,746 896,250,418
Net balance with pakistani bank (Note -9.4) - -
Net balance with indian bank (Note - 9.5) - -
Protested bills 54,034,750 48,958,322
Exempted loans 174,977,868 175,297,550
Interest on exempted loans 469,708,668 470,174,179
Deferred tax assets (Note - 9.6) 6,554,559,973 4,398,529,766
Foreign correspondent draft paid 5,780,287 7,642,595
194
31-Dec-13 31-Dec-12
Taka Taka
Indian bank 28,550 28,550

Software purchase 216,312,422 162,412,689
Valuation adjustment (Note - 9.8) 5,318,881,639 6,648,381,639
Dividend receivable from preference share 1,903,239,698 444,376,711
Work in progress for consulting of bank building - 464,659,316
Receivable from Agrani SME Financing Company Limited 55,672,663 55,672,663
Branch adjustment ( Note - 9.7) (1,463,268,430) 1,728,168,619
Total 35,184,840,777 33,576,151,140
9.1 Investment in Shares of Subsidiary Companies

Agrani Exchange House Pvt. Limited, Singapore 6,457,000 6,457,000
Agrani Remittance House SDN. BHD., Malaysia 8,967,168 8,967,168
2,615,424,168 2,615,424,168
9.2 Suspense Account
Sundry debtors -staff (Note - 9.2(i)) 11,403,922 8,150,854
Sundry debtors -other (Note - 9.2(i)) 527,017,595 518,274,558
Legal charges 130,188 1,691,866
Clearing adjustment 3,623,908 5,152,127
Advance against petty cash 9,550 4,900
Army pension (Note - 9.2(ii)) 4,157,964,417 4,259,800,699
Purchase of WES Bond 64,131,457 67,943,183
Loan application form 1,350,728 1,259,625
Civil pension 40,931,593 41,710,691
Payment against sanchaya patra 477,796,818 1,253,447,208
5,284,360,176 6,157,435,711
9.2 (i) Sundry Debtors- Staff & Others and Clearing Adjustment
An amount of Tk. 27,262,123 remain un-recovered/unadjusted over one year and that amount has been provided in
the accounts.
9.2 (ii) Army Pension

This represents pension paid to army personnel by the Bank of Tk. 4,157,964,417 as per government decision which
is reimbursable and against the amount, an amount of Tk. 1,700,774,495 has been kept in sundry deposit. Moreover
an amount of Tk. 1,418,113,849 has been provided in the accounts against long outstanding.
9.3 Accrued Income
Accrued interest on loans & advances 61,072,044 45,326,388
Accrued interest on investment 2,570,411,255 1,631,618,486
Accrued interest on balance with other banks & financial institutions 339,263,014 172,176,817
Accrued commission, exchange & brokerage 91,538,155 37,801,254
Accrued other operating income 52,770,675 58,355,427
3,115,055,143 1,945,278,372

31-Dec-13 31-Dec-12
Taka Taka
9.4 Net balance with Pakistani Bank
Pakistan a/c 1 1
Exchange transaction a/c. 1 1
2 2
Less:- CBL general (Pak) a/c (Cr.) 2 2
- -
Net balance with Pakistani bank was Tk. 33,842,386.This amount was written off in the year 2005 keeping 1.00 taka
balance to maintain the record.
9.5 Net Balance with Indian Bank

Br.Code Br. Name
254 Sadarghat, Dhaka 1 1
298 J.N. College, Dhaka 1 1
341 Sadarghat, Chittagong 1 1
472 Mirjumlam, N.Gonj 1 1
4 4
Less:- Taken over liabilities of Indian bank

254 Sadarghat, Dhaka 1 1
298 J.N. College, Dhaka 1 1
341 Sadarghat, Chittagong 1 1
472 Mirjumlam, N.Gonj 1 1
4 4
- -
Net balance with Indian bank was Tk. 4,824,561. These amount was written off in the year 2005.
9.6 Deferred Tax

Deferred tax has been computed in accordance with provision of BAS -12 based on taxable temporary differences in
the carrying amount of the assets/liabilities and their tax base as follows:
i) Written Down Value of Fixed Assets
a. Carrying amount (excluding land) 1,765,118,065 1,507,774,058
b. Tax base (1,233,737,234) (1,135,418,134)
Taxable/(deductible) temporary difference (a-b) 531,380,831 372,355,924
ii) Superannuation and Gratuity Provision

a. Carrying amount - -
b. Tax base - -
Taxable/(deductible) temporary difference (a-b) - -
iii) Provision for Bad & Loss Loans and Advances *

a. Carrying amount (16,810,859,427) (11,184,607,367)
b. Tax base - -
Taxable/(deductible) temporary difference (a-b) (16,810,859,427) (11,184,607,367)
Total Taxable/(deductible) temporary difference (16,279,478,596) (10,812,251,443)
196
31-Dec-13 31-Dec-12
Taka Taka
iv) Applicable Tax Rate 42.50% 42.50%
v) Deferred Tax Assets (6,918,778,403) (4,595,206,863)
Less: Adjustment for deferred tax liability for revaluation of land and building
Land (2% of total revalued amount: Tk.13,140,272,450) 262,805,449 196,677,097

Building (42.5% of total revaluation reserve of building: Tk.222,028,363) 101,412,981 -
364,218,430 196,677,097
Deferred tax assets at the end of the period (6,554,559,973) (4,398,529,766)
Fixed assets and provision for bad and loss loan and advances have been considered during calculation of deferred
tax due to having considerable taxable temporary differences. As per calculation of Deferred Tax Assets balance for
the year ended December 31, 2013 has increased by the amount of Tk. 2,156,030,207 which credited to profit and
loss account.
The carrying amount has been arrived at by estimating temporary differences (based on analysis of prior years’ relevant
figures) on account of bad/loss debts that are likely to be written off in future years out of the year-end total amount of
provision for bad and loss loans and advances Tk.8,556,544,181.
9.7 Branch Adjustment
Debit balance
Main Office Account (MO) 1,160,039,022,023 1,128,454,536,019
New General Account (NG) 1,155,820,275,307 1,124,266,188,749
Instant Financial Messaging System (IFMS) 21,258,446,698 21,258,177,278
Inter-Branch Account for Online Transaction 132,860,950,974 30,702,618,825
Computerized Main Office Account (CMO) 73,860,033,677 -
Computerized New General Account (CNG) 155,697,933,733 -
2,699,536,662,412 2,304,681,520,871
Less:- Credit balance
Main Office Account (MO) (1,211,489,123,090) (1,126,647,447,478)
New General Account (NG) (1,103,647,263,748) (1,123,819,905,104)
Instant Financial Messaging System (IFMS) (21,278,495,787) (21,278,495,787)
Inter-Branch Account for Online Transaction (133,522,954,668) (31,207,503,883)
Computerized Main Office Account (CMO) (69,830,622,100) -
Computerized New General Account (CNG) (161,231,471,449) -
(2,700,999,930,842) (2,302,953,352,252)
(1,463,268,430) 1,728,168,619
During the year net balance of branch adjustment arrived as credit, the balance has been shown under head “Other
Assets “.The Net Crebit balance of Branch Adjustment account arrived due to transit in responding entries.
9.8 Agrani Bank Limited has taken over the entire assets and liabilities of former Agrani bank through a Vendor’s Agreement
executed between the Government of the People’s Republic of Bangladesh and the Agrani Bank Limited on November
15, 2007 with retrospective effect from July 01, 2007. As per clause 7(2) of the said agreement assets & liabilities of Agrani
Bank as on 30 June 2007 have been revalued by a professional Chartered Accountants firm to determine final value of
assets & liabilities of the Bank. In determining the final value, the valuation adjustment of the Bank has been calculated
at Tk.13,295,881,639 (fair value of total assets Tk.162,699,217,872 less fair value of total liabilities Tk.173,510,899,511
minus paid up share capital as purchase consideration Tk.2,484,200,000). A decision has been arrived at unanimously
in a meeting of representatives from the Ministry of Finance, Government of the Peoples Republic of Bangladesh,
Bangladesh Bank, Security & Exchange Commission (SEC) and three state-owned commercial banks that the valuation
adjustment be shown under “Other Assets” and be gradually written off within the next 10 (ten) years at the maximum.

31-Dec-13 31-Dec-12
Taka Taka
9(a) Consolidated Other Assets
Agrani Remittance House SDN. BHD. Malaysia 795,560 2,449,766
35,249,261,532 33,621,168,842
Less: Intra-company transaction (s) (2,678,417,158) (2,702,771,634)
32,570,844,374 30,918,397,208
10 Borrowing from Other Banks Including Financial Institutions & Agents
10.1 Classification Into the Following Broad Categories

In Bangladesh 2,606,414,261 9,376,936,784
Outside Bangladesh 802,702,285 697,454,485
3,409,116,546 10,074,391,269
10.2 Segregated as
Secured (Secured by D.P Notes and agreements) 2,606,414,261 9,376,936,784
Unsecured borrowing 802,702,285 697,454,485
3,409,116,546 10,074,391,269
10.3 Maturity - wise grouping
On Demand 3,402,431,489 10,064,652,429
On Maturity 6,685,057 9,738,840
3,409,116,546 10,074,391,269
10.4 Term grouping
10.4.1 Short Term Borrowing
T.T buy (With Sonali Bank Limited) 210,000,000 420,997,650
Balance with Bangladesh Bank foreign currency (Annexure-E 2) 409,729,204 4,959,815,294
Borrowings from Bangladesh Bank (Repo) 1,980,000,000 3,986,385,000
Credit balance of NOSTRO account (Annexure-E 1) 802,702,285 697,454,485
3,402,431,489 10,064,652,429
10.4.2 Long Term Borrowing
a) From Bangladesh Bank Counter Finance

Rural housing scheme 2,465,321 3,418,439
IFAD Loan -194 2,038,003 2,841,668
4,503,324 6,260,107
b) 5 & 7 Years Agrani Bank Shilpa Unnayan Bond 2,181,733 3,478,733
6,685,057 9,738,840
3,409,116,546 10,074,391,269
10(a) Consolidated Borrowing from Other Banks, Financial Institutions and Agents
7,615,762,876 12,532,897,555
Less: Intra-company transaction(s) (4,206,646,330) (2,458,506,286)
3,409,116,546 10,074,391,269
198
31-Dec-13 31-Dec-12
Taka Taka
11 Deposits and Other Accounts
11.a Deposits and Other Accounts (Category wise)
Current & other account (Note - 11.a.1) 34,508,771,476 40,337,456,741
Bills payable (Note - 11.a.2) 4,857,198,087 4,707,352,470
Saving bank deposits (Note - 11.a.3) 95,237,160,403 89,255,325,065
Fixed deposits (Note - 11.a.4) 214,072,037,628 158,129,092,861
348,675,167,594 292,429,227,137
11.a.1 Current & Other Account
Current deposits 25,621,055,825 31,453,186,058
Balance with ATM 15,482,075 35,317,960
Sundry deposits (Note - 11.a.1.1) 8,609,809,040 8,490,350,058
Call deposits 262,424,536 358,602,665
34,508,771,476 40,337,456,741
11.a.1.1 Sundry Deposits
General provident fund 2,125,932,061 1,981,749,893
Margin on bills purchased 121,153,014 119,472,046
Margin on letters of credit 2,634,757,150 2,598,200,543
Margin on letters of guarantee 312,084,161 307,754,070
Miscellaneous margin 14,148,081 13,951,780
Foreign currency 46,196,380 45,555,417
Key deposit 5,176,159 5,104,341
Staff cash security 8,826,662 8,704,194
Foreign correspondence charges 11,187,408 11,032,185
FC exp. proceeds 221,850,744 218,772,620
Commission payable to government 22,571,256 22,258,085
Clearing adjustment 20,042,468 19,764,384
Self employment promotion 798,193 787,118
Teachers payment 394,614,623 389,139,442
Boisko bhata 3,180,111 3,135,988
FSSAP 194,674,699 191,973,635
Freedom fighter allowance 11,255,693 11,099,523
Army pension 1,700,774,495 2,252,665,519
Small enterprise development 109,864,536 108,340,193
Rural finance programme 1,592,050 1,569,961
Hajj deposit 1,330,067 1,311,613
Others 647,799,028 178,007,508
8,609,809,040 8,490,350,058
11.a.2 Bills Payable
Draft payable 757,407,333 785,645,539
TT’s payable 2,806,865 1,728,310
MT’s payable 337,626 2,023,725
Pay slip issued 72,363,446 141,306,956
Pay order issued 2,062,279,161 1,598,737,961
Inland bill proceeds awaiting for remittance 114,084,322 3,550,192

31-Dec-13 31-Dec-12
Taka Taka
Foreign bill proceeds awaiting for remittance 1,604,729,656 1,961,175,994

Overdue DD payable 19,139,379 17,840,095
Upahar cheque sold A/C 66,704 75,779
Foreign DD, TT, & TC payable 223,983,595 195,267,919
4,857,198,087 4,707,352,470
11.a.3 Saving Bank Deposits
Government organizations 815,771,106 710,492,670
Autonomous and semi-autonomous organizations 1,474,514,594 1,154,349,366
Non financial public enterprises 75,678,439 54,627,380
Local authority 136,078,602 139,083,846
Insurance companies & pension fund 556,908,132 190,482
Public non-banking financial organizations 33,857,638 4,669,569
Other financial public organizations 22,571,727 20,100,728
Other banks 1,276,485 19,563,483
Individuals and others 91,294,482,723 86,122,816,573
Female secondary school assistance project 246,841,270 515,998,312
Miscellaneous 186,742,792 192,190,766
Foreign currency 391,437,839 321,241,890
Student 999,055 -
95,237,160,403 89,255,325,065
11.a.4 Fixed Deposits
Fixed deposits (11.a.4.1) 131,489,723,900 103,486,093,439
Special time deposits (11.a.4.2) 46,364,507,612 29,005,600,978
Deposit pension scheme 877,236,841 1,271,432,623
Agrani bank pension scheme 450,152,771 712,086,849
Month wise fixed deposits 491,227,449 2,302,880
Non resident special deposits 3,481,336 9,677,454
Agrani bank bishesh shanchay 10,648,320,723 8,085,958,519
Agrani bank monthly income scheme 19,092,794,237 15,152,988,328
Agrani bank monthly deposit scheme 1,554,813,900 402,951,791
Agrani bank double benefit scheme 3,099,778,859 -
214,072,037,628 158,129,092,861
11.a.4.1 Fixed Deposits
Government organizations 11,587,124,248 8,640,682,917
Autonomous and semi autonomous organizations 19,627,094,909 17,357,830,275
Non financial public enterprises 41,467,175,005 35,157,041,872
Local authority 306,454,760 301,826,044
Insurance Companies & pension funds public 2,991,049,323 2,650,972,289
Public non-banking financial organizations 529,424,807 3,156,984,083
Other financial public organization 7,565,036,775 836,543,351
Other banks 2,163,338,865 1,777,587,804
Non-resident foreign currency deposit (NFCD) 26,964,486 48,983,073
Deceased account 3,732,998 3,557,451
131,489,723,900 103,486,093,439
200
31-Dec-13 31-Dec-12
Taka Taka
11.a.4.2 Special Time Deposits
Government Organization 13,243,373,030 5,160,185,905
Autonomous and semi autonomous organizations 3,697,603,746 3,553,077,935
Non financial pub enterprise 20,359,946,102 12,582,074,497
Local authority 674,329,409 583,811,877
Insurance Companies & pension funds public 140,283,961 119,903,524
Public non-banking financial organizations 337,609,257 301,386,679
Other deposit accepting public organizations 154,374,718 157,128,927
Other banks 549,993,006 552,387,298
46,364,507,612 29,005,600,978
11.b Maturity Grouping of Deposits and Other Accounts
Repayable on demand 35,422,678,476 36,065,286,720
Repayable within 1 month 4,857,198,087 4,707,352,470
Over 1 month but within 3 months - -
Over 3 months but within 1 year 1,721,961,808 13,533,099,946
Over 1 year but within 5 years 232,421,470,667 139,704,501,667
Over 5 years but within 10 years 74,251,858,556 98,418,986,334
348,675,167,594 292,429,227,137
11.c Geographical Location - Wise Deposits
Dhaka region 168,113,974,665 142,565,096,940
Khulna region 22,609,331,092 18,901,669,046
Rajshahi region 27,036,837,296 18,467,929,937
Barisal region 13,028,980,374 10,262,921,811
Sylhet region 16,705,353,312 13,778,783,193
Rangpur region 10,233,638,471 9,373,358,045
Comilla region 25,418,173,229 26,269,081,826
Faridpur region 9,669,567,085 8,286,070,274
Outside Bangladesh - -
348,675,167,594 292,429,227,137
11.d Sector- Wise Deposits
Government sector
President, PM’s office, ministry & judiciary 29,698,234,627 17,928,378,523
Autonomous & semi autonomous bodies 26,181,522,774 23,650,316,343
55,879,757,401 41,578,694,866
Deposit money bank 3,527,654,699 7,554,214,873
Other public sector 79,873,434,031 59,686,615,408
Private sector 209,394,321,463 183,609,701,990
292,795,410,193 250,850,532,271
348,675,167,594 292,429,227,137

31-Dec-13 31-Dec-12
Taka Taka
11.e Inter-Bank Deposits
Current deposits 812,515,423 1,172,504,190
Savings deposits 1,276,485 19,563,483
Fixed deposits 2,163,338,866 1,777,587,804
Special notice time deposits 549,993,006 552,387,298
Call deposits 530,919 355,690
3,527,654,699 3,522,398,465
11(a) Consolidated Deposits and Other Accounts
348,677,769,386 292,430,994,303
Less: Intra-comopany transaction(s) (869,219,077) (785,540,365)
347,808,550,309 291,645,453,938
12 Other Liabilities
Interest suspense (Note - 12.1) 6,878,215,050 7,354,185,556
Penal interest 1,045,743 726,803
Provision for expenses (Note - 12.2) 6,964,627,443 5,364,484,357
Provision for auditors fee (Note - 12.3) 3,000,000 3,000,000
Sundry creditors 1,202,726,494 1,341,583,900
Tax deducted at source 751,806,752 537,732,747
VAT on services 102,062,169 97,583,966
Excise duty 361,664,905 289,162,870
Levy on interest payment 88,615,337 62,332,877
Levy & surcharge on interest payment (Bonds) 627,123 834,692
Provision for taxation (Note - 12.4 & Annexure-F) 10,574,933,042 10,574,933,042
Provision for classified loans & advances (Note - 12.5) 16,871,531,935 32,120,296,362
General provision maintained against UC loan (Note - 12.6) 2,065,035,857 1,834,733,863
General provision for special mention account (Note - 12.7) 50,613,000 497,205,251
3 % General reserve for consumer financing (Note - 12.8) 240,306,960 208,616,315
Provision for off balance sheet exposures (Note - 12.10) 1,138,176,296 1,124,187,533
Provision for investment (Note - 12.11) 4,271,261,834 3,208,098,400
Provision for other assets (Note - 12.12) 2,537,021,640 2,209,862,009
Provision for ex-gratia - 29,613,270
Provision for incentive bonus (Note - 12.13) 750,000,000 491,022,169
Exchange equalization fund 109,100,480 72,341,228
Exchange adjustment - 33,231,752
Employees super annuation fund (Note - 12.14.a) - -
Employees gratuity fund (Note - 12.14.b) - -
Death relief grant scheme (Note - 12.15) 78,523,521 83,759,771
Employees benevolent fund 102,419,047 102,516,428
202
31-Dec-13 31-Dec-12
Taka Taka
Reserve for unforeseen losses 7,278,112 7,278,112

Doctors self employment program 1,600,000 1,600,000
Collection accounts 4,145,397 6,147,922
Cash incentive to garments exporters 3,390,189 2,307,174
SPL account OPEC fund 70,508,242 70,508,242
SPL account MEDU fundw 467,347,322 488,120,427
Govt. bond for land mortgage loan 840,897 840,897
Special block account 187 187
SPL block account (DD,TT, MT & PO) 9,730,947 9,730,947
Unclaimed deposit 10 years & above (Note - 12.16) 2,143,486 2,040,190
Service charge on CIB report 25,419,390 12,076,640
Provision for balance of bilateral trade 2 2
Customer fund adjustment account 99,551,132 703,125,101
Vostro account 41,023,700 54,769,477
SIDR 389,114 389,114
ADIP project fund 21,544,151 21,808,685
Payable to ICB against sale of share 24,399,354 23,535,450
Refinance jute fund 504,050,000 -
Interest waived on staff house building loan 4,688,449 3,000,623
56,431,364,699 69,049,324,351
12.1 Interest Suspense Account
Transferred during the year 3,198,129,860 3,407,383,008
Transferred to Income during the year (1,604,361,888) (698,057,548)
Amount waived/ written off during the year (2,069,738,478) (1,369,884,005)
12.2 Provision for expenses

Provision for interest on savings 127,972 -
Provision for interest on DPS 112,498,158 136,716,610
Provision for interest on STD 16,042,800 10,229,703
Provision for interest on FDR 5,558,627,916 4,228,733,061
Provision for interest on ABPS 56,290,295 75,016,288
Provision for interest on borrowings 19,847,294 37,234,214
Provision for ABS 468,690,361 398,540,889
Un-disbursed salary and other staff benefit 1,604,859 1,534,450
Unearned discount 274,452,344 277,651,011
Provision for other expenses 102,389,546 112,490,615
Provision for interest on ABMIS 94,202,973 71,285,139
Provision for interest on ABMDS 77,812,546 15,052,377
Provision for interest on ABDBS 182,040,379 -

31-Dec-13 31-Dec-12
Taka Taka
12.3 Provision for Auditors Fee
Balance at the beginning of the year 3,000,000 2,500,000
Paid during the year (3,000,000) (2,500,000)
Add back during the year - -
Provision made during the year 3,000,000 3,000,000
Balance at the end of the year 3,000,000 3,000,000
12.4 Provision for Taxation

Transferred to provision for income tax during the year - 1,580,000,000
Prior years adjustment of provision for taxation up to 2004 - -
Adjustment of finalization of tax assessment up to 2004 - -
Income Tax assessment has been finalized up to 2004 (except 2002) and appeal pending for the year 2002, 2005, 2006.
The return has been submitted for the year 2008, 2009, 2010 and 2011. The tax assessment for the year 2013 not yet
been submitted.
12.5 Provision for Classified Loans and Advances

Recoveries of amount previously written off 608,903,152 10,231,377
Specific provision for the year - 25,276,133,201
Provision Add back during the year - -
Transfer to Profit & Loss Account (4,445,310,322) -
Less: Written off/ waived (11,412,357,257) (2,587,464,819)
Provision held at the end of the year 16,871,531,935 32,120,296,362
12.6 General Provision Maintained Against UC Loans

Provision add back for the year (20,001,599) (396,729,137)
Provision held at the end of the year 2,065,035,857 1,834,733,863
12.7 General Provision for SMA Loans

Provision made during the year - 248,719,930
Provision add back for the year (446,592,251) (230,351,749)
Provision held at the end of the year 50,613,000 497,205,251
12.8 3% General reserve for consumer financing

Reserve held at the beginning of the year 208,616,315 256,675,000
Additional reserve for the year 31,690,645 -
Provision add back for the year - (48,058,685)
Reserve held at the end of the year 240,306,960 208,616,315
204
31-Dec-13 31-Dec-12
Taka Taka
12.9 Provision for Loans & Advances
A) General provision
i) Standard (including staff Loan) * 2,065,035,857 1,834,733,863
ii) Special Mention Accounts ( SMA) 50,613,000 497,205,251
Sub total (A) 2,115,648,857 2,331,939,114
B) Specific provision
i) Substandard 620,123,000 1,176,127,707
ii) Doubtful 1,697,352,000 3,849,851,229
iii) Bad/Loss 14,554,056,935 27,094,317,426
Sub total (B) 16,871,531,935 32,120,296,362
Grand Total 18,987,180,792 34,452,235,476
* General provision is kept @ 1% on general loans and advances and 2% on house finance & loan for professionals
under consumer financing and 3% on consumer financing.
12.10 Provision for Off Balance Sheet Exposure

Provision made during the Year 13,988,763 138,757,618
Provision add back during the Year - (94,409,270)
12.11 Provision for Investment

Provision made during the Year 1,063,163,434 1,894,217,906
Provision add back during the Year - (251,904,868)
12.12 Provision for Other Assets

Protested bill (Note - 12.12.a) 54,034,750 48,958,322
Sundry debtors staff & others 27,262,123 78,410,709
Clearing adjustment 928,939 2,643,747
Suspense accounts army pension paid 1,418,113,849 1,038,857,427
Legal charges 845,933 845,933
CBL Pak A/c 2 2
BCCI Bank-London (Note - 12.12.b) 13,783,099 17,307,731
Bank of Ceylon 500,000 500,000
Balance with al-rajhi foreign exchange 347,892,609 347,892,609
Fixed assets 21,913,328 21,913,328
Branch adjustment (Note - 12.12.c) 5,884,000 5,884,000
Agri credit exemption on river erosion 1,176,472 1,176,472
Exempted loans & interest on exempted loans (Note - 12.12.d) 644,686,536 645,471,729
2,537,021,640 2,209,862,009

31-Dec-13 31-Dec-12
Taka Taka
12.12.a Provision for Protested Bills
Addition during the Year 5,076,433 666,812
Provision add back during the year (5) (666,815)
Protested Bills arises due to accidental loss of fraud, robbery, theft etc.
12.12.b Provision for Balance with BCCI Bank- London

Amount debited during the Year - 1,924,748
Provision add back during the year (3,524,632) -
12.12.c Provision for Branch Adjustment

Provision made during the year - -
Provision add back during the year - -
12.12.d Provision for Exempted Loans & Interest on Exempted Loans

Amount debited during the Year (84,262,098) (24,457,031)
Amount Credited during the Year - -
Provision add back during the year - (5,589,860)
12.13 Incentive Bonus

Amount debited during the Year (598,918,771) (559,568,674)
Amount Credited during the Year 107,896,602 -
Add back from provision for incentive bonus of 2011 - (200,000,000)
Provision for the Year 750,000,000 430,000,000
12.14.a Employees Super Annuation Fund

Balance at the beginning of the year - 3,752,720,769
Amount credited during the year - 35,718,767
Amount transffered to SB A/C - (3,788,439,536)
Amount of pension paid during the year - -
Balance at the end of the year - -
206
31-Dec-13 31-Dec-12
Taka Taka
12.14.b Employees Gratuity Fund
Balance at the beginning of the year - 199,000,372
Amount credited during the year - 20,806,335
Amount transffered to SB A/C - (179,593,947)
Amount of gratuity paid during the year - (40,212,760)
Balance at the end of the year - -
12.15 Death Relief Grant Scheme

Transferred to the A/c during the year 12,513,750 12,500,000
Amount paid/adjusted during the year (17,750,000) (5,200,000)
12.16 As per section 35 of the Bank Companies Act 1991, this amount should be transferred to Bangladesh bank on completion
of the formalities mentioned in this section.
12(a) Consolidated Other Liabilities

57,872,021,471 70,451,809,801
57,809,026,681 70,364,460,535
13 Share Capital
13.1 Authorized Capital
The authorized capital of the Bank is Tk.2,500 crore divided into 250,000,000 ordinary shares of Tk.100.00 each.
13.2 Issued, Subscribed and Fully Paid Up Capital 20,722,940,400 9,912,940,400
The paid up capital of the Bank was Tk. 9,912,940,400 divided into 99,129,404 ordinary shares @ Tk. 100.00 up to 29
December 2013. On 26 December 2013, Bank & Financial Institution Department, Finance Ministry has issued a lette
# 53.013.002.00.00.80.2013 for the permission to raise paid up capital by Tk. 10,810,000,000 to reduce capital shortage
of the bank. Subsequently, the bank approved the matters by the Board of Directors in 353rd board meeting which has
been held on 30 December 2013. The amount of increased paid up capital has been distributed to the Government of
the People’s Republic of Bangladesh represented by Secretary, Finance Division, Ministry of Finance of the Government
of the People’s Republic of Bangladesh. Therefore, the paid up capital of the bank has increased to Tk. 20,722,940,400
by issuing 108,100,000 right shares means total ordinary shares are 207,229,404.
13.3 Earnings Per Share
Earnings per share (EPS) have been computed by dividing the profit after tax by the weighted average number of
ordinary shares as on 31 December 2013. The bank has raised paid up capital by issuing 108,100,000 right shares on 30
December 2013. The issue of right shares effect is insignificant for calculation of weighted average number of shares
therefore it is not considered for EPS calculation during the year.
13.3.1 Weighted Average Number of Shares
Number of shares before bonus share and right share issued 99,129,404 90,117,640
Bonus share issued in 2012 (i.e. 10%) - 9,011,764
Right share issued in 2013 - -
Weighted average number of shares 99,129,404 99,129,404

31-Dec-13 31-Dec-12
Taka Taka
13.3.2 Basic Earnings Per Share
Profit attributable to the shareholders of ABL for the year (A) 9,048,998,601 (18,620,572,069)
Weighted average number of ordinary shares outstanding (B) 99,129,404 99,129,404
Earnings per share (A/B) (previous year restated) 91.28 (187.84)
13.3(a) Consolidated Basic Earnings Per Share

Profit attributable to the shareholders of ABL & its subsidiaries for the year (A) 9,215,995,245 (18,697,700,662)
Weighted average number of ordinary shares outstanding (B) 99,129,404 99,129,404
Earnings per share (A/B) (previous year restated) 92.97 (188.62)
13.4 Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-II)
Taka in crore
A. Eligible Capital
1. Tier-1 (Core Capital ) 1,212.35 (1,319.54)
2 .Tier-2 (Supplementary Capital) 932.97 -
3. Tier-3 (eligible for market risk only) - -
4. Total Eligible Capital (1+2+3) 2,145.32 (1,319.54)
B. Total Risk Weighted Assets (RWA) 21,369.85 21,455.30
C. Capital Adequacy Ratio (CAR) (A4 / B) X 100 10.04% (6.15%)
D. Core Capital to RWA (A1 / B) X 100 5.67% (6.15%)
E. Supplementary Capital to RWA (A2 / B) X 100 4.37% -
2013 2012
Capital Requirements
Required Held Required Held
Tier-1 5.00% 5.67% 5.00% (6.15%)
Tier-2 5.00% 4.37% 5.00% -
Tier-3 - - - -
Total 10.00% 10.04% 10.00% (6.15%)
13.4(a) Consolidated Minimum Capital Requirement (MCR) Under Risk Based Capital (Basel-II)
Taka in crore
A. Eligible Capital
1. Tier-1 (Core Capital) 1,192.29 (1,225.56)
2 .Tier-2 (Supplementary Capital) 936.88 -
3. Tier-3 (eligible for market risk only) - -
4. Total Eligible Capital (1+2+3) 2,129.17 (1,225.56)
B. Total Risk Weighted Assets (RWA) 20,891.23 21,886.55
C. Capital Adequacy Ratio (CAR) (A4 / B) X 100 10.19% (5.60%)
D. Core Capital to RWA (A1 / B) X 100 5.71% (5.60%)
E. Supplementary Capital to RWA (A2 / B) X 100 4.48% -
2013 2012
Capital Requirements
Required Held Required Held
Tier-1 5.00% 5.71% 5.00% (5.60%)
Tier-2 5.00% 4.48% 5.00% -
Tier-3 - - - -
Total 10.00% 10.19% 10.00% (5.60%)
208
31-Dec-13 31-Dec-12
Taka Taka
Taka in crore
13.5 Eligible Capital
Fully paid-up capital / capital lien with BB 2,072.29 991.29
Statutory reserve 551.84 413.98
Retained earnings (224.93) (1,454.35)
Sub-Total 2,399.70 (48.58)
Deductions from Tier-1 (Core Capital )

Book value of goodwill and contingent assets which are shown as assets 531.89 664.84
Investments in subsidiaries which are not consolidated - 130.77
Other (if any item approved by Bangladesh Bank) 655.46 475.35
Sub Total 1,187.35 1,270.96

General provision (UC + SMA + Off B/S exposure+ Consumer Finance) 349.41 366.47
Assets revaluation reserves up to 50% 553.52 376.60
Revaluation reserve for approved securities (ICB Share) up to 50% 28.68 5.86
Revaluation reserve for equity instrument up to 10% 1.36 -
Other (Balance of Exchange Equalization A/C) - 2.63
Sub-Total 932.97 751.56
Deductions (Investments in Subsidiaries which are not consolidated) - 130.77
Tier-3 (Eligible for Market Risk Only)

Short-term subordinated debt - -
Total Supplementary Capital 932.97 620.79
Total Eligible Capital 2,145.32 (698.75)
13.5(a) Consolidated Eligible Capital

Fully paid-up capital / capital lien with BB 2,072.29 991.29
Retained earnings (251.80) (1,497.18)
Sub-Total: 2,379.64 (85.37)
Deductions from Tier-1 (Core Capital )

Book value of goodwill and contingent assets which are shown as assets 531.89 664.84
Investments in subsidiaries which are not consolidated - -
Shortfall in provisions required against classified loans - -
Other (if any item approved by Bangladesh Bank) 655.46 475.35
Sub Total 1,187.35 1,140.19

31-Dec-13 31-Dec-12
Taka Taka
Taka in crore
General provision (UC + SMA + Off B/S exposure+ Consumer Finance) 349.41 366.47
Assets revaluation reserves up to 50% 553.52 376.60
Revaluation reserve for approved securities (ICB Share) up to 50% 28.68 5.86
Revaluation reserve for equity instrument up to 10% 1.36 -
Other (Balance of Exchange Equalization A/C) 3.91 2.63
Sub-Total 936.88 751.56
Deductions - -
Tier-3 (Eligible for Market Risk Only)

Short-term subordinated debt - -
Total Supplementary Capital
Total Eligible Capital 2,129.17 (1,225.56)
13.6 Risk Weighted Assets (RWA)
Risk Weighted Assets (RWA) for Taka in crore

A. Credit Risk
On - Balance sheet 15,747.92 16,022.26
Off - Balance sheet 365.99 302.37
16,113.91 16,324.63
B. Market Risk 2,348.24 2,298.77
C. Operational Risk 2,907.70 2,831.90
Total: RWA (A+B+C) 21,369.85 21,455.30
13.6(a) Consolidated Risk Weighted Assets (RWA)
Risk Weighted Assets (RWA) for Taka in crore

A. Credit Risk
On - Balance sheet 15,237.66 15,910.07
Off - Balance sheet 365.93 302.37
15,603.59 16,212.44
B. Market Risk 2,348.24 2,817.51
C. Operational Risk 2,939.40 2,856.60
Total: RWA (A+B+C) 20,891.23 21,886.55
14 Statutory Reserve
Transferred during the year 1,378,593,679 -
Closing balance 5,518,411,707 4,139,818,028
This has been made in accordance with Section 24 of the Bank Companies Act, 1991 and shall be maintained until it
equals to the Paid-up Capital.
210
31-Dec-13 31-Dec-12
Taka Taka
14(a) Consolidated Statutory Reserve
5,531,760,174 4,145,527,226
15 General Reserve 5,000,000 5,000,000
15(a) Consolidated General Reserve

Agrani Bank Limited 5,000,000 5,000,000
59,731,264 59,731,264
16 Asset Revaluation Reserve
Transferred during the year 3,538,291,892 (6,394,258)
11,070,315,483 7,532,023,591
16(a) Consolidated Asset Revaluation Reserve
11,070,315,483 7,532,023,591
17 Revaluation & Amortization Reserve
Adjustment (117,176,049) (269,357,597)
Surplus of amortization of securities (HTM) 151,468,251 95,643,755
Revaluation reserve on investment in govt. securities (HFT) 422,103,911 21,532,294
Closing Balance 573,572,162 117,176,049
17(a) Consolidated revaluation and amortization

573,572,162 117,176,049

31-Dec-13 31-Dec-12
Taka Taka
18 Retained Surplus
Opening balance (14,543,481,897) 4,978,266,572
Prior year adjustment (6,136,834) -
Add: Net profit after tax during the year 9,048,998,601 (18,620,572,069)
(870,710,196) (13,642,305,497)
Appropriation:
Statury reserve 1,378,593,679 -
1,378,593,679 901,176,400
(2,249,303,875) (14,543,481,897)
18(a) Consolidated Retained Surplus
Agrani Bank Limited (2,249,303,875) (14,543,481,897)
Agrani Equity & Investment Limited (840,156,521) (949,371,245)
(2,517,958,716) (14,971,828,923)
Less: Minority Interest 110 32
(2,517,958,826) (14,971,828,955)
19 Foreign Currency Translation Reserve
Opening balance 26,354,830 22,855,772
Add: Foreign currency translation gain/(loss) 12,699,181 3,499,058
39,054,011 26,354,830
20 Minority Interest
Share capital 1,832 1,800
Retained earnings 110 32
1,942 1,832
21 Acceptances and Endorsements (Contingent Liabilities)
Letters of guarantee (Note - 21.1) 7,940,625,312 5,150,104,323
Bills for collection (Note - 21.2) 22,132,178,037 18,535,663,840
Other contingent liabilities (Note - 21.3) 4,026,083,099 3,660,369,424
Claims against the bank not acknowledged as debt 7,793,670,000 12,457,199,000
113,817,629,561 112,418,753,282
21.1 Letters of Guarantee
Claims lodged against the bank company, which is not recognized as debt - -
Bank is contingently liable in respect of guarantee given favoring:
Directors - -
Government 786,415,135 36,737,694
Banks and other financial institutions 517,184,817 295,564,089
Foreign banks against government counter guarantee 2,122,889,500 1,975,167,644
Others 4,514,135,860 2,842,634,896
7,940,625,312 5,150,104,323
212
31-Dec-13 31-Dec-12
Taka Taka
21.2 Bills for Collection
Payable in Bangladesh 622,333,972 748,391,158
Payable outside Bangladesh 21,509,844,065 17,787,272,682
22,132,178,037 18,535,663,840
21.3 Other Contingent Liabilities
Inland travelers cheque 41,367,782 38,759,000
Upahar cheque 2,358,600 1,832,500
Shanchay patra 3,293,656,717 2,994,077,924
Agrani bank shilpa unnayan bond 688,700,000 625,700,000
4,026,083,099 3,660,369,424
Liability will be created for the Bank by the sales amount of Inland Travelers Cheque, Upahar Cheque, Shanchay Patra
and Agrani Bank Shilpa Unnayan Bond, as such as saleable price of present stock of such instruments have been
considered as contingent liabilities.
21.4 Geographical Location - Wise Contingent Liabilities
Dhaka region 105,638,444,703 104,665,108,059
Khulna region 959,134,491 953,330,785
Rajshahi region 895,854,233 1,102,203,980
Barisal region 1,108,029,844 954,926,895
Sylhet region 916,206,529 70,471,140
Rangpur region 176,465,891 421,447,474
Mymensing region 96,649,566 74,036,776
Comilla region 348,682,899 187,588,351
Faridpur region 117,154,604 109,803,880
113,817,629,561 112,418,753,282
21 (a) Consolidated Contingent Liabilities
113,817,629,561 112,418,753,282
22 The disclosures in the Profit and Loss Account 2013 2012

Taka Taka
Income
Interest, discount and similar income 33,759,457,654 31,509,712,233
Dividend income 1,327,905,783 429,171,499
Fees, commission and brokerage 5,142,256,761 4,143,403,182
Gains less Losses arising from dealing in securities - -
Gains less Losses arising from investment securities - -
Gains less Losses arising from dealing in foreign currency - -
Income from non-banking assets - -
Other operating income 905,338,679 920,184,829
Profit less Losses on interest rate changes - -
Profit for changing interest rates on Loans & Advances - -
Loss for changing interest rates on deposit - -
41,134,958,877 37,002,471,743

2013 2012
Taka Taka
Expenses
Interest, fees and commission 22,682,044,447 19,912,055,753
Losses on loans and advances - 26,130,622,794
Administrative expenses 6,667,126,046 5,919,446,497
Other operating expenses 832,311,798 840,880,564
Depreciation on banking assets 314,150,934 262,712,311
30,495,633,225 53,065,717,919
23 Interest Income
a. Interest on Loans and Advances
Interest on rural credit 724,287,921 640,782,294
Interest on weavers credit 561,063 1,177,566
Interest on industrial credit 6,254,379,883 4,884,014,235
Interest on jute advance 807,833,099 772,657,043
Interest on leather credit 298,821,490 295,423,964
Interest on staff loans 722,497,141 610,718,724
Interest on loan-others 4,953,642,034 5,319,743,109
Interest on small and micro credit 840,141,007 245,952,396
Interest on overdrafts 1,199,895,654 1,780,840,476
Interest on cash credit 5,704,330,507 5,605,935,790
Interest on packing credit 95,736,696 64,801,591
Interest on loan against import merchandise 86,335,853 119,158,095
Interest on payment against document 902,634,899 2,244,740,703
Interest on foreign bills purchased 94,356,727 290,232,175
Interest on inland bills purchased 75,421,487 146,732,831
Sub-total 22,760,875,461 23,022,910,992
b. Interest on Balance with other Banks and Financial Institution
Interest on call loans to Banks 273,918,519 29,593,720
Interest received from local banks 912,501,913 316,840,785
Interest received from foreign banks - 5,394,870
Sub-total 1,186,420,432 351,829,375
c. Income from write off loans and advances - 520,051,838
Total (a+b+c) 23,947,295,893 23,894,792,205
23.1 Geographical Location - Wise Interest Income

Dhaka region 14,877,242,445 14,868,944,882
Khulna region 1,085,591,604 1,230,851,962
Rajshahi region 1,207,857,285 855,844,465
Barisal region 894,087,062 412,743,615
Sylhet region 334,104,248 355,594,843
Rangpur region 879,480,323 767,153,124
Comilla region 768,618,929 715,865,832
Faridpur region 593,035,785 520,875,149
23,947,295,893 23,894,792,205
214
2013 2012
Taka Taka
23(a) Consolidated Interest Income
Agrani Equity & Investment Limited 25,119,813 -
24,098,411,345 23,984,781,264
23,814,181,469 23,829,984,929
24 Interest Paid on Deposits & Borrowings
a. Interest Paid on Deposits
Savings deposits 2,355,638,501 2,143,416,301
Special time deposits 1,309,169,334 909,277,053
Fixed deposits 14,524,056,685 10,351,980,616
Deposit pension scheme 203,450,940 202,707,200
Interest on staff provident fund 237,241,840 222,825,078
Interest paid on NFCD - 1,153
Interest paid on ABPS 36,112,476 54,579,570
Interest on month-wise fixed deposits 2,084,643 -
Interest paid on NRS Saving Deposits - 2,380,800
Interest on ABS 696,081,060 552,595,342
Interest on MIS 2,217,731,921 711,771,400
Interest on MDS 116,759,192 19,483,976
Interest on ADBS 191,710,859 -
Sub Total 21,890,037,451 15,171,018,489
b. Interest Paid to Banks
Foreign Banks 125,170,241 85,732,514
Bangladesh Bank 23,587,673 114,364,573
Other Banks 185,217,385 1,544,506,458
Sub Total 333,975,299 1,744,603,545
c. Interest Paid on Borrowings
Call Borrowings 257,704,852 1,112,384,102
Agrani bank shilpa unnayan bond 270,120 396,415
Discount on T.T sold 6,292,031 6,046,371
Repurchase agreement (repo) to BB - 1,219,584,080
Repurchase agreement (repo) to Other Banks - 650,479,201
Other borrowings 193,764,694 7,543,550
Sub Total 458,031,697 2,996,433,719
Total (a+b+c) 22,682,044,447 19,912,055,753

2013 2012
Taka Taka
24(a) Consolidated Interest Paid on Deposits & Borrowings
22,682,044,447 19,912,055,753
22,397,814,571 19,757,259,418
25 Investment Income
Interest on debenture 31,749,560 34,987,877
Dividend on shares 1,327,905,783 429,171,499
Dividend on preferance shares 450,000,000 -
Discount on 5, 10 & 3 years T&T bond 31,300,650 21,579,860
Interest on 25 years Govt. jute bond 18,139,688 82,408,869
Interest on 5,10,15 & 20 years govt. treasury bond 5,484,247,385 4,564,594,213
Discount on treasury bills 1,170,451,370 625,540,870
5 Years SPL treasury bond (kohinoor) - 1,552,042
Govt. treasury bond (BPC) 1,567,224,825 959,000,000
Govt. treasury bond (BJMC) 305,091,835 333,401,369
Prime bank bond 20,558,065 20,728,511
Mutual trust bank bond 35,457,805 36,049,314
National bank bond 22,927,885 23,068,265
BRAC bank subordinated bond 129,043,151 125,915,239
United commercial bank subordinated bond 28,855,480 -
One bank subordinated bond 993,151 -
Orascom telecom BD bond 28,894,008 47,775,000
Northern power solutions ltd. bond 70,403,385 90,000,000
Interest on reverse REPO 75,199,957 -
Profit on sale of shares 15,673,362 12,878,225
Profit on sale of securities 325,950,199 635,440,374
11,140,067,544 8,044,091,527
The above investment incomes were earned from Dhaka region only.
25(a) Consolidated Investment Income

11,480,854,906 8,142,960,408
216
2013 2012
Taka Taka
26 Commission, Exchange Earnings & Brokerage
Commission on bills (Foreign & Inland) 77,711,318 67,042,808
Commission DD, TT & MT (Local) 184,152,527 195,617,848
Commission on DD, TT, TC (Foreign) 41,858,920 24,525,758
Commission on letters of guarantee (Local) 98,319,686 51,145,797
Commission on travelers’ cheque - -
Commission on letters of guarantee (Foreign) 18,398,963 12,129,446
Commission on letter of credit 1,068,907,194 932,438,601
Commission on dividend warrant - -
Commission on underwriting 16,721,478 17,922,595
Commission on export bill 92,813,418 159,122,124
Commission on LIM 4,421,105 3,861,190
Commission on army pension paid 18,316 9,269
Commission on food procurement bills 86,773,749 89,508,922
Foreign correspondence charges - 14,163,860
Exchange account foreign currency 3,255,961,803 2,397,812,286
Commission on sanchay patra 19,666,380 17,948,378
Consortium/syndication fee 36,132,299 21,150,060
Loan processing fee 37,881,969 42,611,272
Discount on bills 11,694 254,870
Commission on miscellaneous 102,505,942 96,138,098
5,142,256,761 4,143,403,182
26.1 Geographical Location - Wise Commission, Exchange and Brokerage
Dhaka region 4,523,845,793 3,487,619,590
Chittagong region 131,083,602 210,058,351
Khulna region 68,437,227 65,637,707
Rajshahi region 82,605,763 80,067,583
Barisal region 56,131,987 49,956,430
Sylhet region 22,933,488 14,306,300
Rangpur region 70,246,690 61,777,492
Comilla region 104,780,643 100,291,054
Faridpur region 24,118,620 20,847,903
5,142,256,761 4,143,403,182
26(a) Consolidated Commission, Exchange and Brokerage
5,148,104,878 4,150,037,566
27 Other Operating Income
Rent on immovable properties & godown 2,799,333 2,611,446
Rent on SD lockers 6,090,462 6,029,309
Profit on sale of other assets 1,661,291 791,647
Postage recoveries 87,155,562 104,095,912

2013 2012
Taka Taka
Telegram recoveries 5,972,458 7,113,792

Trunk-call recoveries 6,193,202 7,050,029
Account maintenance fee 415,740,169 427,030,246
Remittance 17,597,885 7,129,619
Insurance recoveries 215 10,899
Service charge on rural credit 53,337 149,243
Service charge on other credit 77,486,136 40,898,783
Sales proceeds on loan application form 2,174,454 2,015,456
Annual charges on deposit A/C 51,053,225 52,069,098
Annual charges on loan A/C - 706,442
Service charges on FSS (female student scholarship) 67,874,690 73,668,945
Remuneration received from sanchaya patra 1,363,810 1,936,815
Sale of LC/Export/Schedule form and tender schedule 4,971,323 5,249,863
Telephone, telex & swift charges 66,396,162 33,116,520
Account closing charge 10,464,782 7,865,461
Rebate received from foreign bank 19,715,201 30,465,418
Proceeds realization certificate charges 4,688,846 6,939,154
Service charges on civil pension paid 2,178,368 992,003
Service charges on deposit 53,707,768 63,020,951
Miscellineous - 39,227,778
905,338,679 920,184,829
27(a) Consolidated Other Operating Income
Agrani SME Financing Company Limited 4,356,860 156,039
1,039,600,367 1,050,949,536
Less: Intra-company transaction(s) (40,732) -
1,039,559,635 1,050,949,536
28 Salary and Allowance
Salaries- officers 1,743,310,625 1,688,100,510
Salaries- staff 350,901,815 374,451,813
Dearness allowance (Officers & Staff) 211,885,302 -
Bonus (officers & Staff) 345,860,074 340,601,162
Banks contribution to provident fund 47,624,899 31,459,468
Banks contribution to employees pension fund 463,490,765 467,896,454
Banks contribution to gratuity fund 69,391,900 47,832,213
Conveyance allowances 3,463,203 3,963,408
Entertainment allowances 1,418,113 1,304,190
Children education allowances 25,093,535 25,688,002
Hill allowances 3,177,475 3,042,158
218
2013 2012
Taka Taka
Honorarium & fees 9,502,131 5,678,336

Medical expenses 2,824,080 2,911,588
Medical expenses consultation fees 711,600 961,400
Medical allowances 107,037,089 106,039,587
Uniform and other apparels 14,056,054 16,122,784
Overtime expenses 13,901,302 14,111,472
Staff income tax 31,324,452 65,982,446
Compensatory/on-sight supervision allowances 2,952,421 -
Lunch subsidy/iftar Coupon 629,641,280 457,039,741
Leave encashment - 41,375
Sports and cultural activities 17,094,300 14,104,900
House rent allowances (officers) 785,103,973 759,429,689
House rent allowances (staff) 175,248,422 184,265,402
Wages paid to temporary employees 87,065,013 75,788,416
Death relief grant scheme 12,744,032 12,500,000
Staff transport fare 28,617,724 20,270,000
Police & ansar expenses 113,350,884 104,204,304
Ex-gratia 30,902 34,072
DMD allowances 986,700 782,200
Other allowances 14,488,820 16,055,627
5,312,298,885 4,840,662,717
28(a) Consolidated Salary and Allowance etc.
5,412,696,891 4,914,689,602
29 Rent, Taxes, Insurance, Lighting
Rent on premises 380,976,817 276,637,353
Rent on godown 3,233,723 3,287,584
Lighting charges 65,670,165 54,659,074
Insurance charges on vehicles 6,178,647 3,263,418
Insurance charges on property 1,737,180 1,669,957
Rates,taxes, ceases 21,485,580 18,775,236
Taxes on immovable property 212,007 228,677
Insurance charges on deposits 171,738,322 128,737,333
651,232,441 487,258,632
29(a) Consolidated Rent, Taxes, Insurance, Lighting
680,830,775 508,340,020

2013 2012
Taka Taka
30 Legal Expenses
Court fees 3,685,587 1,611,798
Lawyer’s fees 8,038,416 6,329,592
Other legal expenses 14,021,350 12,457,781
25,745,353 20,399,171
30(a) Consolidated Legal Expenses
Agrani Equity & Investment Limited 185,210 410
Agrani Exchange House Pvt. Limited Singapore 207,386 -
26,143,539 20,405,061
31 Postage, Stamp, Telegram & Telephone
Postages 55,194,828 58,884,923
Telegram charges 332,195 2,095,841
Telex & teleprinter charges 95,486,477 71,122,817
Stamps 90,889 45,170
Telephone charges (office) 19,935,914 16,963,426
Telephone charges (residence) 2,187,454 1,779,894
Trunk-call charges 111,654 105,636
173,339,411 150,997,707
31(a) Consolidated Postage, Stamp, Telegram & Telephone
Agrani Equity & Investment Limited 63,542 55,073
175,768,314 152,837,445
32 Stationery, Printing, Advertisement
Security stationery 25,644,959 25,062,240
Printing stationery 93,518,157 93,826,134
Paper & table stationery 25,761,517 23,494,663
Advertisement publicity charge (tender) 1,815,348 1,615,603
Advertisement publicity charge (development) 72,819,759 34,860,837
219,559,740 178,859,477
32(a) Consolidated Stationery, Printing, Advertisement
Agrani Exchange House Pvt. Limited Singapore 1,536,509 990,469
222,906,887 181,526,091
33 Chief Executive’s Salary and Allowances
Salary 5,575,000 4,700,000
Allowances - -
5,575,000 4,700,000
220
2013 2012
Taka Taka
33(a) Consolidated Chief Executive’s Salary and Allowances
Agrani Remittance House SDN. BHD. Malaysia 3,844,143 -
9,539,143 4,820,000
34 Fees & Allowances of Directors
Fees for attending board meetings 3,064,750 3,473,000
Allowances 60,000 -
3,124,750 3,473,000
34(a) Consolidated Fees & Allowances of Directors
Agrani Remittance House SDN. BHD. Malaysia 299,338 5,078,223
4,311,102 9,448,973
35 Auditors’ Fees
Audit fee (Statutory Audit) 3,031,500 3,237,344
Vat on audit fee @ 15% - -
Audit fee (Others) - -
3,031,500 3,237,344
35(a) Consolidated Auditors’ Fees
3,670,586 3,545,958
36 Depreciation & Repairs of Bank’s Assets
A. Depreciation of Bank’s Assets
Bank buildings 16,662,119 14,851,812
Furniture & fixtures 44,439,754 36,077,663
Motor vehicles 38,366,017 27,469,584
Office equipment 16,561,517 14,766,459
Electric material 43,611,395 32,336,102
Computers 154,330,920 137,028,498
Library books & others 179,212 182,193
Sub total (A) 314,150,934 262,712,311

2013 2012
Taka Taka
B. Repairs & Maintenance of Banks Assets
Bank buildings 9,393,609 39,462,597
Furniture & fixtures 4,910,166 5,170,222
Motor vehicles 94,824,168 87,952,135
Office equipment 3,415,666 2,219,562
Computers 78,910,026 41,226,238
Electric equipment & lighting materials 16,637,431 16,202,494
Renovation & maintenance of branch premises 65,127,900 37,625,201
Sub total (B) 273,218,966 229,858,449
Total (A+B) 587,369,900 492,570,760
36(a) Consolidated Depreciation & Repairs of Bank’s Assets

Agrani SME Financing Company Limited 2,804,150 498,104
Agrani Remittance House SDN. BHD. Malaysia 1,080,359 768,573
597,654,783 498,331,907
37 Other Expenses
Conveyance/ transportation charges 29,648,461 30,674,558
Petroleum, oil and lubricants for vehicles 20,306,150 21,911,894
Petroleum, oil and lubricants for generator 57,404,693 48,176,604
Entertainment charges 30,551,470 26,781,565
Entertainment (excluding ceiling) 15,437,114 14,763,858
Traveling expenses 68,078,784 56,062,161
Traveling expenses (foreign) - 1,003,859
Remittance (through bank exchanges) 4,555,264 9,319,110
Remittance (cash) 56,007,656 56,027,547
Registration charges 664,683 643,803
Mortgages fee of land/home of staff house building loan 5,876,089 2,598,976
Bankers clearing house charges 391,382 413,808
Loss on sale of furniture & fixture - 221,017
Loss on sale of shares and securities 22,438,048 248,703
Loss on sale of properties - 5,068,042
Loss on sale of other assets 615,528 48,470
Newspapers & periodicals 8,743,650 6,975,430
Upkeep of office premises 29,159,621 22,027,339
Business development expenses 115,459,124 88,196,195
Training expenses 29,541,231 32,962,002
Washing charges 2,241,897 2,143,355
Closing expenditure 19,357,150 19,444,781
Micro enterprise development unit 65,100 -
Subscription 7,679,866 12,862,247
Donation 33,000 36,210
Funeral expenses 1,495,366 1,295,000
Fees and commission 1,046,787 655,126
Loss on revaluation of security 305,513,684 194,277,134
Miscellineous - 186,041,770
832,311,798 840,880,564
222
2013 2012
Taka Taka
37(a) Consolidated Other Expenses
1,071,488,692 1,024,828,252
Less: Intra-company Transaction(s) (40,732) -
1,071,447,960 1,024,828,252
38 Provision for Loans & Advances
Provision for bad & doubtful loans & advances ( Note - 12.5) - 25,276,133,201
Unclassified loans & advances (Note -12.6) 230,301,994 (358,421,137)
Special mention account (Note - 12.7) (446,592,251) 18,368,181
3% General reserve for consumer financing (Note -12.8) 31,690,645 (48,058,685)
(184,599,612) 24,888,021,560
Less: Transfer to retained surplus 184,599,612 -
- 24,888,021,560
38(a) Consolidated Provision for Loans & Advances
Agrani Bank Limited - 24,888,021,560
Agrani Equity & Investment Limited - 74,009,947
- 24,962,031,507
39 Other Provision
Provision for off balance sheet exposures (Note - 12.10) 13,988,763 44,348,348
Provision for investment(Note - 12.11) 1,063,163,434 1,642,313,038
Incentive bonus/ex-Gratia 750,000,000 430,000,000
Staff benevolent fund 100,000,000 100,000,000
Add back auditors fee (VAT) - -
Add back incentive bonus - (200,000,000)
Add back provision for expenses - -
Provision for other assets
Sundry debtors staff & others (51,148,586) 41,397,333
Clearing adjustment (1,714,808) 1,831,761
Army pension paid 457,539,754 403,392,773
Protested bills (Note - 12.12.a) 5,076,428 (3)
Exempted loans & interest on exempted loans 83,476,905 26,547,303
Legal charges - 845,933
BCCI London (3,524,632) 1,924,748
Sub Total 489,705,061 475,939,848
Grand Total 2,416,857,258 2,492,601,234

2013 2012
Taka Taka
39(a) Consolidated Other Provision
2,416,857,258 2,492,601,234
40 Consolidated Current Tax Expense
Agrani Bank Limited - 1,580,000,000
Agrani Exchange House Pvt. Limited Singapore - (50,033)
73,439,722 1,613,182,818
41 Consolidated Deferred Tax Expense
Agrani Bank Limited (2,156,030,207) (1,602,174,107)
Agrani Equity & Investment Limited - 458,922
Agrani SME Financing Company Limited 154,319 -
(2,155,875,888) (1,601,715,185)
42 Interest Receipts in Cash
Loans & advances 22,745,129,805 22,616,938,015
Investment 8,423,368,992 7,257,877,934
Balance with other banks & financial institutions 1,019,334,235 294,041,100
32,187,833,032 30,168,857,049
42(a) Consolidated Interest Receipts in Cash
Agrani Exchange House Pvt. Limited Singapore - 68,792,142
Agrani Remittance House SDN. BHD. Malaysia - 24,516,028
32,328,561,470 30,309,829,078
43 Interest Payments in Cash
Agrani Bank pension scheme (ABPS) 80,596,001 68,215,514
Agrani bank special deposit scheme (ABS) 454,704,347 384,856,451
Call deposit - -
Deposit pension scheme (DPS) 216,672,292 183,388,898
Fixed deposit receipts 10,100,384,438 8,548,847,466
Non resident foreign currency deposit 1,362 1,153
Non resident saving deposit 2,812,893 2,380,800
Savings deposit 2,532,426,592 2,143,416,301
Special notice deposit 1,074,230,477 909,216,134
Staff provident fund 263,265,775 222,825,078
Interest on MIS 756,728,610 640,486,261
Interest on MIS 5,235,893 4,431,599
Borrowings 3,520,380,355 2,979,608,832
Banks & other financial institutions 2,061,232,999 1,744,603,545
21,068,672,034 17,832,278,032
224
2013 2012
Taka Taka
43(a) Consolidated Interest Payments in Cash
Agrani Equity & Investment Limited - 154,796,335
Agrani SME Financing Company Limited - 99,885,673
21,068,672,034 18,086,960,040
Less: Intra-company transaction(s) (284,229,876) -
20,784,442,158 18,086,960,040
44 Cash Receipts from Other Operating Activities
Account closing charge 7,780,340 7,809,717
Account maintenance charge 425,486,458 427,093,029
Closing charges on deposit a/c 51,698,620 51,893,826
Closing charges on loan a/c 721,617 724,342
Insurance 10,858 10,899
Miscellaneous earnings 34,158,534 34,287,511
Postage 103,541,997 103,932,956
Proceeds realization certificate charges 6,924,209 6,950,354
Profit on sale of other assets 788,669 791,647
Rebate received from foreign bank 30,350,818 30,465,418
Remittance 7,074,644 7,101,357
Rent on properties & godown 2,601,623 2,611,446
Rent on SD lockers 6,006,629 6,029,309
Sales proceeds of export enlistment forms & tender schedule 5,230,115 5,249,863
Sales proceeds on loan application form 2,007,875 2,015,456
Service charge on pension paid 799,082 802,099
Service charge on deposit a/c 62,783,889 63,020,951
Service charge on other credit 40,729,303 40,883,091
Service charge on rural credit 60,792 61,022
Service charges on FSSAP 73,183,647 73,459,977
Service charges on sanchaya patra 1,878,072 1,885,163
Telegram 7,094,708 7,121,497
Telephone, telex & swift charges 32,981,610 33,106,143
Trunk-call 7,029,322 7,055,864
910,923,431 914,362,937
44(a) Consolidated Cash Receipts from Other Operating Activities
Agrani Equity & Investment Limited 1,082,799 309,103
1,045,144,387 917,672,303

2013 2012
Taka Taka
45 Cash Payment for Other Operating Activities
Auditors fee 2,466,733 2,737,344
Directors’ fees and allowances 3,129,663 3,473,000
Legal charges 18,431,382 20,453,379
Other expenses 821,813,952 911,970,253
Postage, stamps, telegrams and telephone 136,145,110 151,080,777
Rent, taxes, insurance lighting etc. 439,332,095 487,528,596
Repairs to fixed assets 222,224,815 246,603,773
1,643,543,751 1,823,847,122
45(a) Consolidated Cash Payment for Other Operating Activities
1,919,778,188 1,941,521,652
Less: Intra-company transaction(s) (40,732) -
1,919,737,456 1,941,521,652
46 Operating Profit Before Changes in Operating Assets & Liabilities
Profit before income tax 6,892,968,393 (17,392,746,176)
Add: Depreciation 314,145,212 262,712,311
Less: Effect of exchange rate changes (3,255,961,803) (2,397,812,286)
3,951,151,802 (19,527,846,151)
Income receivable (1,169,776,771) (188,614,325)
2,781,375,031 (19,716,460,476)
Expenses payable 2,540,788,708 1,431,012,764
Add: Provision & amortization 3,746,357,258 27,821,463,234
9,068,520,997 9,536,015,522
46(a) Consolidated Operating Profit Before Changes in Operating Assets & Liabilities
Agrani Equity & Investment Limited 151,419,971 (72,748,949)
9,316,709,883 9,528,876,542
226
31-Dec-13 31-Dec-12
Taka Taka
47 Cash & Cash Equivalent at the End of the Period
Cash in hand & with Bangladesh Bank & Sonali Bank Ltd. 26,237,586,987 20,683,023,020
Balance with other banks 12,142,144,207 5,293,695,066
Money at call & short notice 2,450,000,000 2,700,000,000
Prize bonds 16,148,600 13,794,600
40,845,879,794 28,690,512,686
47(a) Consolidated Cash & Cash Equivalent at the End of the Period
41,949,552,696 29,705,525,621
41,080,333,619 28,919,985,257
48 Consolidated Shareholder’s Equity
Paid up capital 20,722,940,400 9,912,940,400
Statutory reserve 5,531,760,174 4,145,527,226
General reserve 59,731,264 59,731,264
Asset revaluation reserve 11,070,315,483 7,532,023,591
Revaluation & amortization reserve in govt. securities 573,572,162 117,176,049
Retained surplus (2,517,958,826) (14,971,828,955)
Foreign currency translation reserve 39,054,011 26,354,830
Minority interest 1,942 1,832
35,479,416,610 6,821,926,237
49 Current Ratio
The Bank had the following current assets and current liabilities as on 31 December 2013 & 2012 as per liquidity
statement.
Current Assets
Cash 3,772,584,737 4,569,478,020
Balance with other banks and financial institutions 7,992,144,207 5,103,110,644
Money at call and short notice 2,450,000,000 2,700,000,000
Investment 11,516,131,107 18,092,921,084
Loans and advances 97,918,087,162 97,827,032,272
Total current assets 123,648,947,213 128,292,542,020

31-Dec-13 31-Dec-12
Taka Taka
Current Liabilities
Borrowing from other banks, FI and agents 3,402,431,489 10,064,652,429
Deposits 42,001,838,371 62,241,808,202
Provisions and other liabilities 10,435,381,819 7,755,320,375
Total Current liabilities 55,839,651,679 80,061,781,006
Current assets exceeding current liabilities 67,809,295,534 48,230,761,014
Current Ratio:
Current assets 123,648,947,213 128,292,542,020
Current liabilities 55,839,651,679 80,061,781,006
2.21 1.60
50 Categories of financial Assets and Financial Liabilities in Accordance With Bangladesh Financial Reporting Standard (BFRS-7)
(Figure in million Taka)
Consolidated Bank
2013 2012 2013 2012
Particular
Carrying Fair Carrying Fair Carrying Fair Carrying Fair
amount value amount value amount value amount value
Financial Assets
Loans and receivable 296,055 296,055 255,879 255,879 277,193 277,193 270,859 270,859
Held to maturity 74,829 77,579 51,872 52,028 74,829 77,579 51,872 52,028
Held for trading 40,571 41,088 19,073 19,140 40,571 41,088 19,073 19,140
Available for sale 12,776 15,649 6,954 9,055 12,776 9,604 6,954 9,055
Non-financial assets 31,882 31,882 31,191 31,191 15,248 15,248 25,247 31,063
Total Assets 456,113 462,254 364,969 367,293 420,617 420,712 374,005 382,145
Financial Liabilities
Financial liabilities at fair value
through profit or loss - - - - - - - -
Financial liabilities measured at
amortised cost 353,636 353,636 304,065 304,065 354,503 354,503 304,770 304,770
Non-financial liabilities-provision 55,391 55,391 63,117 63,117 55,391 55,391 61,859 61,859
Total liabilities 409,027 409,027 367,182 367,182 409,893 409,893 366,629 366,629
Detailed Classifications of Financial Instruments in Annexure-H.
51 Reconciliation Between Presentation of Assets & Liabilities in fair Value as Mentioned in Note- 50 and Balance Sheet
Particular Consolidated Bank
Assets presented at fair value as per note # 50 462,254 420,712
Less:Market price of assets not considered as fair value 17,748 (23,444)
Value of assets as per balance sheet 44,506 444,157
228
Consolidated Bank
2013 2012 2013 2012
52 Performance Evaluation
Average cost of deposits (%) 6.91 5.76 6.82 5.76
Average cost of borrowing (%) 3.23 9.52 3.23 8.82
Average cost of agrani bank shilpa unnayan bond (%) 7.85 10.81 7.85 10.81
Average yield on loans & advances (performing loan) (%) 14.41 13.86 14.19 13.86
Average yield on investments (%) 10.47 9.52 10.18 9.41
Average yield on call loans to bank (%) 6.36 3.57 6.36 3.57
Average yield on balance with other banks (%) 12.03 23.08 12.03 14.35
Net spread (%) 4.81 4.71 4.70 4.23
Net interest margin (%) 3.54 1.84 3.43 1.61
Contribution of non-interest bearing liabilities (%) 1.27 2.87 1.27 2.62
Detail of calculations is given in annexure I.
53 Workers Participation Fund
SRO-336-AIN/2010 dated 5-10-2010 issued by Ministry of Labor and Employment and published in Bangladesh
gazette on 07-10-2010 declaring the status of business of certain institutions and companies ( like mobile operating
companies, mobile network service providing company , all Govt. and Non-govt. money lending companies etc.)
as Industrial Undertakings” for the purpose of Chapter-XV of the Bangladesh Labor Act,2006 which deals with the
workers participation in company’s profit by the way of Worker’s Participation Fund and Welfare Fund (WPFWP).
The Bangladesh Labor Act,2006 requires the “Industrial Undertakings” to maintain provision for worker’s profit
participation fund @5% on net profit. However, we have obtained legal opinion from Legal advisor in this regard
where it has been started that Agrani Bank Limited does not fall under this category. Therefore, no provision has
been made in the financial statements during the year under audit.

HIGHLIGHTS ON THE OVERALL ACTIVITIES OF THE BANK
As at and for the year ended at 31 Deccember, 2013 and 2012
SL Particulars Unit Consolidated Bank

No
2013 2012 2013 2012
1 Paid up capital Taka 20,722,940,400 9,912,940,400 20,722,940,400 9,912,940,400
2 Total capital/equity Taka 35,479,416,610 6,821,926,237 35,640,935,877 7,163,476,171
3 Capital surplus/(deficit) Taka 400,470,000 (34,142,200,000) 83,300,000 (34,650,700,000)
4 Total assets Taka 444,506,110,146 378,906,231,980 444,156,584,716 378,716,418,928
5 Total deposits Taka 347,808,550,309 291,645,453,939 348,675,167,594 292,429,227,137
6 Total loans and advances Taka 199,624,298,938 211,089,468,338 202,965,388,138 212,663,017,332
7 Total contingent liabilities and commitments Taka 113,817,629,561 112,418,753,282 113,817,629,561 112,418,753,282
8 Total classified loan to total loans (%) Percentage 17.93% 25.59% 17.93% 25.30%
9 Net classified loan to net loans Percentage 6.81% 8.40% 6.81% 8.40%
10 Amount of classified loans Taka 35,799,263,000 53,801,251,059 35,799,263,000 53,801,251,059
11 Provisions kept against classified loans Taka 16,871,531,935 32,120,296,362 16,871,531,935 32,120,296,362
12 Provision surplus/(deficit) Taka - - - -
13 Credit deposit ratio (%) Percentage 57.39% 72.38% 58.21% 72.72%
14 Profit after tax and provision Taka 9,215,995,245 18,697,700,661 9,048,998,601 (18,620,572,069)
15 Cost of fund (%) Percentage 10.41% 9.97% 10.41% 9.97%
16 Average interest earning assets Taka 208,645,327,219 198,421,225,020 211,850,126,847 199,270,929,340
17 Non-interest earning assets Taka 235,860,782,927 180,485,006,960 232,306,457,869 179,445,489,588
18 Income from investments Taka 11,480,854,906 8,142,960,408 11,140,067,544 8,044,091,527
19 Return on investment (ROI) Percentage 7.36% 8.43% 7.43% 8.70%
20 Return on assets (ROA) Percentage 2.07% -4.93% 2.04% -4.92%
21 Earnings per share Taka 92.97 (188.62) 91.28 (187.84)
22 Return on equity (ROE) Percentage 25.98% -274.08% 25.39% -259.94%
230
ANNEXURE - A
Related Party Disclosure
For the year ended 2013
i) Director’s Interest and Position in Different Entities

Date of No. of shares
Name and address Status Entities where they have interest & position
appointment held in the Bank
Dr. Khondoker Bazlul Hoque Chairman 05-Sep-12 01 Professor, Department of International Business,
University of Dhaka.
Mr. Arastoo Khan Director 24-Dec-12 01 Additional Secretary, Finance Division, Ministry of Finance,
Government of the People’s Republic of Bangladesh.
Mr. A.K. Gulam Kibria, FCA Director 06-Sep-12 01 Chartered Accountant, G. Kibria & Co. 24-25 Dilkusha
C/A (5th Floor), Dhaka.
Engineer Md. Abdus Sabur Director 20-Dec-12 01 Engineer and Industrialist, 4, Motijheel C/A (2nd Floor),
Dhaka.
Mr. K.M.N. Manjurul Hoque Lablu Director 11-Mar-13 01 Chief Editor & Managing Director, Golbal News Agency
33, Topkhana Road, Dhaka.
Mr. Niaz Rahim Director 20-Dec-12 01 Rahim Afrooz Group of Company, 1/A, Gulshan Avenue
(3rd Floor), Gulshan-1, Dhaka-1212.
Advocate Balaram Podder Director 20-Dec-12 01 Advocate, Eastern Arzoo Complex, 61, Bijoynagar,
Dhaka-1000.
Prof. Dr. Md. Abdur Rouf Sardar Director 20-Dec-12 01 Director, Bangladesh Medical College Hospital, House
#33, Road #14/A, Dhanmondi R/A, Dhaka.
Mr. Shameem Ahsan Director 20-Dec-12 01 Chief Executive Officer (CEO) Akhoni.com, 8 Gulshan
Avenue, Gulshan-1, Dhaka-1212.
Mr. Md. Altaf Hossain Molla Director 20-Dec-12 01 DIG of Police (Retd.), Garden Valle, Flat #A-3, 51/1,
Circular Road, Hatirpool, Kalabagan, Dhaka-1205
Mr. ABM Kamarul Islam Director 20-Dec-12 01 Joint Secretary (Rtd.), 16/C, Lake Circus, Kalabagan, Flat #02
Kalabagan, Dhaka-1205
Mrs. Hasina Newaas Director 20-Dec-12 01 32/A, Mymemsing Lane, Bangla Motor, Dhaka.
Mr. Syed Abdul Hamid, PhD Director 11-Jul-12 Managing Director & CEO Agrani Bank Limited, Head
Office, Dhaka.
ii) Related party relationship disclosure during the year 2013 (BAS-24 Related Party Disclosure)
Name of Related Party Related Party Relationship Amount (Tk.) Nature
Government (Note-21.1) Owner 786,415,135 Letter of Guarantee
Government (Note-6) Owner 128,252,368,524 Government Securities
Government (Note-9) Owner 7,824,244,320 Advance Income Tax
Ministry of Food and other Ministry (Note-7.13.b) Owner 241,799,000 Loans and Advances
State Owned Enterprises (Note-7.13.b) Government Enterprises 17,690,247,000 Guarantees for Loans and Advances
Government (Note-11.d) Owner 29,698,234,627 Deposits (CD, SB, FDR, STD & SP Deposit)
Agrani Exchange House Pvt. Ltd. (Note-9.1) Subsidiary Company 6,457,000 Investment in subsidiary company
Agrani Remittance House SDN.BHD (Note-9.1) Subsidiary Company 8,967,168 Investment in subsidiary company
Agrani Equity & Investment Ltd. (Note-9.1) Subsidiary Company 2,000,000,000 Investment in subsidiary company
Agrani SME Financing Com. Ltd. (Note-9.1) Subsidiary Company 600,000,000 Investment in subsidiary company

ANNEXURE - B
TREASURY BILL, TREASURY BOND, REPO AND REVERSE REPO
TREASURY BILL ANNEXURE - B (1)

Market value Amount Booked
No. of Rate of Cost Value/
Particulars Face Value on 31-12- Amortiza- Revaluation
Quantity Interest Previous Value
2013 tion Reserve A/C
A. Bangladesh Bank Bills in HTM (Approved)
30 Days 4 9,520,000,000 7.00-7.15 9,464,786,160 9,481,902,662 17,116,502 -
Sub-Total (A) 9,520,000,000 9,464,786,160 9,481,902,662 17,116,502 -
B. Treasury Bills in HFT (Approved)
91 Days 8 12,151,800,000 7.00-8.42 11,930,718,230 11,975,240,904 - 4,399,811
182 Days 4 1,384,400,000 10.21-10.25 1,317,232,030 1,375,308,508 - 3,617,681
364 Days 15 6,498,000,000 10.25-11.38 5,883,000,930 6,230,619,016 - 50,291,621
Sub-Total (B) 20,034,200,000 19,130,951,190 19,581,168,428 - 58,309,113
TOTAL TREASURY BILL (A+B) 29,554,200,000 28,595,737,350 29,063,071,090 17,116,502 58,309,113
ANNEXURE - B (2)
TREASURY BOND
A. Treasury Bond in HTM (Approved)
Govt. Treasury Bond ( 5 years) 28 9,486,500,000 7.80-10.60 9,419,662,852 9,512,092,820 14,068,266 -
Govt. Treasury Bond ( 20 years) 34 4,525,700,000 9.10-13.14 4,573,169,713 4,572,322,402 419,360 -
Jute Sector (25 Years) 2 317,271,000 5.00 317,271,000 317,271,000 - -
03 Years Treasury Bond (Agrani Bank - BPC)-2014 1 2,000,000,000 7.00 2,000,000,000 2,000,000,000 - -
05 Years Treasury Bond (Agrani Bank-BJMC)-2017 1 1,019,800,000 5.00 1,019,800,000 1,019,800,000 - -
Sub-Total (A) 68,023,071,000 - 65,364,355,517 68,097,278,642 134,351,749 -
B. Treasury Bond (HFT) (Approved)
Govt. Treasury Bond ( 2 years) 1 150,900,000 10.98 150,794,239 153,247,174 - 2,474,742
Govt. Treasury Bond ( 5 years) 17 5,621,300,000 10.60-11.78 5,613,798,912 5,722,878,910 - 157,881,981
Sub-Total (B) 21,509,500,000 - 21,439,747643 21,506,924,698 - 363,794,799
TOTAL TREASURY BOND (A+B) 89,532,571,000 - 86,804,103,160 89,604,203,340 134,351,749 363,794,799
232
ANNEXURE - B (3)
TREASURY BILL, TREASURY BOND, REPO AND REVERSE REPO
OTHER BOND (UN-APPROVED)

Prime Bank Limited Subordinated Bond 1 180,000,000 11.50 180,000,000 180,000,000 - -
Orascom Telecom Bond 2 200,000,000 13.50 200,000,000 200,000,000 - -
Mutual Trust Bank Limited Subordinated Bond 1 300,000,000 12.00 300,000,000 300,000,000 - -
National Bank Limited Subordinated Bond 1 160,000,000 11.50 160,000,000 160,000,000 - -
UCBL Subordinated Bond 1 300,000,000 15.50 300,000,000 300,000,000 - -
One Subordinated Bond 1 500,000,000 14.50 500,000,000 500,000,000 - -
Northern Power Solution Bond 5 357,445,000 18.00 357,445,000 357,445,000 - -
TOTAL OTHER BOND (UN-APPROVED) 1,997,445,000 1,997,445,000 1,997,445,000 - -
ANNEXURE - B (4)
REVERSE REPO AND INTER-BANK REVERSE REPO
Rate of Amount Booked
Cost Value/ Market value
Particulars Tenor Face Value Reverve Amortization
Previous Value on 31-12-2013
REPO Revaluation Reserve A/C
Bangladesh Bank 2 Days 2,000,000,000 5.25 2,000,000,000 2,000,000,000 - -
Inter-Bank Reverse REPO 2-7 Days 7,640,000,000 7.00 7,568,945,494 7,568,945,494 - -
TOTAL REVERSE REPO 9,640,000,000 9,568,945,494 9,568,945,494 - -
ANNEXURE - B (5)
A.(i) Disclosure regarding outstanding Repo as on 31 December, 2013
Agreement Reversal Amount
Sl. No. Counter party name
Date Date (1st leg cash consideration)
01 - - -
02 - - -
03 - - -
Total -
(ii) Disclosure regarding outstanding Reverse Repo as on 31 December, 2013

Agreement Reversal Amount
Sl. No. Counter party name
Date Date (1st leg cash consideration)
01 Bangladesh Bank 30-Dec-13 01-Jan-14 2,000,000,000
02 Brac Bank Limited 29-Dec-13 02-Jan-14 1,009,635,604
03 Brac Bank Limited 30-Dec-13 02-Jan-14 1,500,589,764
04 Mercantile Bank Limited 29-Dec-13 02-Jan-14 1,074,611,863
05 Mercantile Bank Limited 30-Dec-13 06-Jan-14 1,024,696,263
06 NCC Bank Limited 30-Dec-13 01-Jan-14 1,979,568,000
07 Southeast Bank Limited 30-Dec-13 01-Jan-14 1,010,437,374
Total 9,599,538,868
B. Disclosure regarding overall transaction of Repo and Reverse Repo:
Minimum outstanding Maximum outstanding Daily average outstanding
during the year during the year during the year
Securities sold under repo
i) With Bangladesh Bank 430,865,000 9,248,575,000 4,938,711,422
ii) With Other Banks & Financial Institutions 482,388,783 2,971,220,830 1,761,324,917
Securities purchased under reverse repo

i) With Bangladesh Bank 1,000,000,000 10,000,000,000 3,230,769,231
ii) With Other Banks & Financial Institutions 1,022,221,847 7,449,122,613 3,203,345,045

ANNEXURE - C (1)
A. SHARE QUOTED
Par Average Total Market Rate Market Value Unrealised Provision

Particulars/ No. of Value cost Book Value as at as at Capital Kept
Name of Companies Shares per share 31-12-13 31-12-13 Gain/(Loss)
Tk. Tk. Tk. Tk. Tk. Tk. Tk.
Banks
AB Bank Limited 2,229,538 10 99.68 222,241,266 26.20 58,413,896 (163,827,370) 63,827,370
Bank Asia Limited 3,384,638 10 34.87 118,026,776 23.00 77,846,674 (40,180,102) 40,180,102
City Bank Limited 1,272,700 10 59.63 75,889,682 20.20 25,708,540 (50,181,142) 50,181,142
Dhaka Bank Limited 810,347 10 32.04 25,964,820 18.80 15,234,524 (10,730,296) 10,730,296
IFIC Bank Limited 9,261,835 10 80.53 745,867,796 34.30 317,680,941 (428,186,855) 28,186,855
Mitual Trust Bank Limited 887,700 10 59.72 53,014,831 16.30 14,469,510 (38,545,321) 38,545,321
National Bank Limited 8,406,418 10 52.03 437,412,757 11.80 99,195,732 (338,217,025) 38,217,025
One Bank Limited 6,255,164 10 40.02 650,521,159 15.80 256,831,591 (393,689,568) 93,689,568
Prime Bank Limited 3,638,826 10 45.33 164,942,728 25.90 94,245,593 (70,697,135) 70,697,135
Shahjalal Islami Bank Limited 4,824,796 10 38.10 2,088,590,533 16.80 921,056,572 1,161,374,403) 1,161,374,403
Southeast Bank Limited 13,140,340 10 44.00 578,172,160 17.90 235,212,086 (342,960,074) 42,960,074
Standard Bank Limited 1,361,529 10 30.46 41,467,819 14.80 20,150,629 (21,317,190) 21,317,190
NBFI
Bay Leasing 266,400 10 87.21 23,232,160 42.50 11,322,000 (11,910,160) 11,910,160
DBH 1,252,925 10 109.48 137,171,734 55.00 68,910,875 (68,260,859) 68,260,859
IDLC 11,260 10 178.40 2,008,830 62.90 708,254 (1,300,576) 1,300,576
PLFSL 112,695 10 61.53 6,934,276 25.50 2,873,723 (4,060,553) 4,060,553
ULC 322,851 10 67.43 21,769,543 33.20 10,718,653 (11,050,890) 11,050,890
Insurance
National Life Insurance Limited 80,880 10 329.90 26,682,144 326.00 26,366,880 (315,264) 315,264
Pragati Life Insurance Limited 407,619 10 132.62 54,056,950 53.80 21,929,902 (32,127,048) 32,127,048
Fuel & Power
DESCO 380,017 10 99.65 37,869,036 58.40 22,192,993 (15,676,043) 15,676,043
KPCL 314,468 10 57.78 18,171,165 49.10 15,440,379 (2,730,786) 2,730,786
Jamuna Oil 22,770 10 256.88 5,849,150 191.80 4,367,286 (1,481,864) 1,481,864
Meghna Petrolium 26,280 10 328.82 8,641,286 211.00 5,545,080 (3,096,206) 3,096,206
Padma Oil 570,373 10 367.25 209,467,038 252.30 143,905,108 (65,561,930) 65,561,930
Power Grid Ltd 4,109,440 10 94.71 389,200,078 52.80 216,978,432 (172,221,646) 72,221,646
Sumit Power Ltd 8,347,758 10 77.99 651,076,555 38.40 320,553,907 (330,522,648) 30,522,648
Titas Gas Ltd 2,991,680 10 100.21 299,807,119 73.80 220,785,984 (79,021,135) 79,021,135
Pharmaceutical
Active Fine Chemical 625 10 60.12 37,575 82.30 51,438 13,863 (13,863)
Becon Pharma 15,750 10 49.52 779,945 13.20 207,900 (572,045) 572,045
ORION Pharma 6,182,500 10 82.69 511,260,471 58.70 362,912,750 (148,347,721) 48,347,721
Square Pharma 2,604,139 10 139.26 362,654,715 190.20 495,307,238 132,652,523 (132,652,523)
Engineering
Atlas Bangla 57,400 10 283.95 16,298,815 151.30 8,684,620 (7,614,195) 7,614,195
BSRM 258,300 10 190.25 49,140,608 68.70 17,745,210 (31,395,398) 31,395,398
S Alam CRST 863,000 10 72.62 62,674,896 47.30 40,819,900 (21,854,996) 21,854,996
Spinning & Textile
Malek Spinning 306,130 10 52.04 15,931,680 26.80 8,204,284 (7,727,396) 7,727,396
Metro Spinning 51,763 10 54.57 2,824,594 21.60 1,118,081 (1,706,513) 1,706,513
Square Textile 563,753 10 127.32 71,774,350 90.40 50,963,271 (20,811,079) 20,811,079
Miscelleneous
Aramit Cement 87,120 10 142.17 12,385,750 84.30 7,344,216 (5,041,534) 5,041,534
RAK Ceramics 23,014 10 124.99 2,876,616 53.30 1,226,646 (1,649,970) 1,649,970
DBH 1st Mitual Fund 131,500 10 17.50 2,301,289 5.60 736,400 (1,564,889) 1,564,889
Beximco Limited 3,339,640 10 145.23 485,007,630 32.20 107,536,408 (377,471,222) 377,471,222
Non-Trading Shares
BD Luggage 600 100 8.00 4,800 8.00 4,800 - -
BCI Limited 1,230 100 15.25 18,756 15.25 18,756 - -
Bangladesh Shipping 1,077 100 1,714.25 1,846,247 413.00 444,801 (1,401,446) 1,401,446
Bengal Biscuits Limited 420 100 33.00 13,860 33.00 13,860 - -
Brac Bank SC Bond 750,000 1,000 1,000.00 750,000,000 995.00 746,250,000 (3,750,000) 3,750,000
Dacca Dying & Man. Limited 81,281 10 6.14 498,750 24.60 1,999,513 1,500,763 (1,500,763)
Green Delta M F 500,000 10 10.00 5,000,000 5.30 2,650,000 (2,350,000) 2,350,000
ICB (HTM) 1,054,687 100 47.76 50,375,015 59.70 50,375,015 - -
ICB (HFT) 1,063,040 100 47.76 50,773,955 1,461.00 1,553,101,440 1,502,327,485 (1,502,327,485)
Padma Printers & Colours 28,484 10 3.40 96,846 3.40 96,846 - -
Phoenix Leather Company 599 100 100.00 59,900 10.00 59,900 - -
LR Global BD M F 5,184,672 10 9.64 50,000,000 7.30 37,848,106 (12,151,894) 12,151,894
Popular Life 1st M F 511,803 10 9.77 5,000,000 6.00 3,070,818 (1,929,182) 1,929,182
Total Quoted Shares (A) 158,353,774 9,603,686,454 6,727,437,961 (2,870,088,935) 2,870,088,935
234
ANNEXURE - C (2)
B. SHARE UNQUOTED
Par Average Total Market Rate Market Value Unrealised Provision

Particulars/ No. of Value cost Book Value as at as at Capital Kept
Name of Companies Shares per share 31-12-13 31-12-13 Gain/(Loss)
Tk. Tk. Tk. Tk. Tk. Tk. Tk.
A.B.Biscuit Co ltd 378 100 100.00 37,800 - - (37,800) 37,800
Adamjee Jute Mills Ltd 30,000 10 8.16 244,800 - - (244,800) 244,800
Eastern Mercantile Bank Ltd 10,000 10 10.00 100,000 - - (100,000) 100,000
Karnafuly Rayan Chemicals 600 10 10.00 6,000 - - (6,000) 6,000
National Oxyzen Ltd 1,986 100 100.00 198,600 - - (198,600) 198,600
Paper Coverting & Pacg . 1,478 100 100.00 147,800 - - (147,800) 147,800
Spcialised Jute Manf. Co ltd 33,790 10 10.00 337,900 - - (337,900) 337,900
Swan Textile Mills Ltd 1,000 100 100.00 100,000 - - (100,000) 100,000
B. Commerce Bank Ltd 900,000 100 100.00 90,000,000 100.00 90,000,000 - -
Swift Share 9 181,069 181,069.44 1,629,625 181,069.44 1,629,625 - -
CDBL 8,567,705 10 2.75 23,541,640 2.75 23,541,640 - -
Bangladesh Fund 20,000,000 100 100.00 2,000,000,000 100.00 2,000,000,000 - -
Financial Excellence Ltd. 15,000 100 100.00 1,500,000 100.00 1,500,000 - -
FIRST AGRANI MF 50,000,000 10 10.00 500,000,000 10.00 500,000,000 - -
Karma Sangsthan Bank 300,000 100 100.00 30,000,000 100.00 30,000,000 - -
Preference Shares
ORION Infrastructure F-1 150,000,000 10 10.00 1,500,000,000 10.00 1,500,000,000 - -
ORION Infrastructure F-2 150,000,000 10 10.00 1,500,000,000 10.00 1,500,000,000 - -
SUMMIT POWER UTTARANCHAL 605,851 100 57.14 34,620,100 100.00 34,620,100 - -
SUMMIT POWER PURBANCHAL 921,377 100 57.14 52,650,300 100.00 52,650,300 - -
IEL CONSORTIUM & ASSOCIATES LTD. 50,000,000 10 10.00 500,000,000 10.00 500,000,000 - -
Veritas Pharmaceuticals 10,000,000 10 10.00 100,000,000 10.00 100,000,000 - -
Dutch Bangla Power & Assiciates Limited 50,000,000 10 10.00 500,000,000 10.00 500,000,000 - -
Provision against preferance share - - - - - - (150,000,000) 150,000,000
Sub Total (B) 491,389,174 6,835,114,565 6,833,941,665 (151,172,900) 151,172,900
Total Quoted & Unquoted Shares (A+B) 649,742,948 16,438,801,019 13,561,379,626 (3,021,261,835) 3,021,261,835
Buy Back Shares
Beximco Ltd 5,200,000 10 207.69 1,080,000,000 32.20 167,440,000 - -
GMG Airlines Ltd 6,383,197 10 32.90 210,000,000 25.53 162,963,019 - -
GMG Airlines Ltd 8,801,760 10 34.08 300,000,000 25.53 224,708,933 - -
GMG Airlines Ltd 3,319,673 10 33.14 110,000,000 25.53 84,751,252 - -
GMG Airlines Ltd 1,371,351 10 36.46 50,000,000 25.53 35,010,591 - -
Unique Hotel & Resorts Ltd 6,250,000 10 200.00 1,250,000,000 76.30 476,875,000 - -
Provision against buy-back share (1,250,000,000) 1,250,000,000
Sub Total (C) 31,325,981 3,000,000,000 1,151,748,795 (1,250,000,000) 1,250,000,000
GRAND TOTAL (A+B+C) 681,068,929 19,438,801,019 14,713,128,421 (4,271,261,835) 4,271,261,835
Additional shares of the following companies are pledged as additional security against buy back shares.
Market Rate Market Value

Par
No. of as at as at
Name of Companies Value
Shares 31-12-2013 31-12-2013
Tk. Tk. Tk.
Beximco Limited 19,947,211 10 32.20 642,300,194
Shine Pukur Ceramics Ltd 9,900,000 10 18.30 181,170,000
Total 29,847,211 823,470,194
*As per Investment Corporation of Bangladesh Ordinance 1976 the Bank’s shareholding in Investment Corporation of Bangladesh (ICB) will be at
least 2.5% of the total paid up share capital of ICB. The Investment Corporation of Bangladesh (General) Regulations 1977 puts some restrictions
on the sale of any ICB shares held by the Bank, with the prior consent of the Government. Since we are optimistic that Government will give
the Bank consent to sell its ICB shareholding exceeding 2.5%, should be situation arise, we have considered these excess shares as HFT shares.

ANNEXURE - D
Debenture
Name of organisation Quantity Amount (Tk)
A. Unapproved Debenture
M/S Bawa Jute Mills Ltd. 1 1
M/S Hotel Ilisium 1 1
Pioneer Pharmacuticals Ltd 1 1
Rupon Oil & Feeds Ltd. 1 1
Bay-Sodium Chemicals Ltd 1 1
Monir Chemicals Ltd 1 1
Ismail Carpet Mills Ltd 1 1
Saleh Carpet Mills Ltd 1 1
Mirzabo steel Mills Ltd 1 1
Karnafuly Paper Mills Ltd. 1 1
Karnafuly Rayon & Chamicals Ltd. 1 1
Total Un-approved Debenture (i) 11
B. Approved Debenture
Bangladesh Textile Mills Corporation 1 1
Bangladesh Textile Mills Corporation 1 1
Bangladesh Steel & Engeneering Corporation 1 1
Bangladesh House Building Finance Corporation 1 60,000,000
Total Approved Debenture (ii) 240,000,008
Total Debenture (i+ii) 240,000,019
236
ANNEXURE - E (1)
OUTSIDE BANGLADESH (NOSTRO ACCOUNT): AGRANI BANK LIMITED
Conversion Weighted
Currency Amount in Amount in
Name of the Bank Amount in FC Rate per Average
Name USD BDT
unit FC Rate
Nostro Account: Debit Balance
Sonali Bank UK London GBP 93,198.36 1.648 153,572.26 77.750 11,940,243
Sonali Bank UK London USD 339,292.22 1.000 339,292.22 77.750 26,379,970
Sonali Bank Kolkata ACUD 1,901,233.88 1.000 1,901,233.88 77.750 147,820,934
Bank of Ceylon, Colombo ACUD 7,780.62 1.000 7,780.62 77.750 604,943
Bank of Ceylon, Maldives ACUD 5,000.00 1.000 5,000.00 77.750 388,750
Citi Bank NA Mumbai ACUD 234,871.31 1.000 234,871.31 77.750 18,261,244
ICICI India ACUD 102,350.85 1.000 102,350.85 77.750 7,957,779
SCB Nepal ACUD 23,318.88 1.000 23,318.88 77.750 1,813,043
AB Bank Limited, India ACUD 240,624.55 1.000 240,624.55 77.750 18,708,559
Metropolitan Bank, India ACUD 202,872.84 1.000 202,872.84 77.750 15,773,363
SCB, India ACUD 739,456.91 1.000 739,456.91 77.750 57,492,775
Australia and New Zealand Banking Group AUD 50,416.91 0.885 44,618.97 77.750 3,469,125
Habib Bank, Zurich CHF 35,806.21 0.893 40,119.00 77.750 3,119,252
Union Bank of Swiss, AG Zurich CHF 79,497.67 0.893 89,073.02 77.750 6,925,427
Royal bank of Canada, Toronto CAD 12,232.02 1.071 11,416.86 77.750 887,661
HSBC London GBP 386,142.28 1.648 636,285.25 77.750 49,471,178
BCCI London GBP 25,275.46 1.648 41,648.90 77.750 3,238,202
SCB London GBP 233,211.02 1.648 384,285.12 77.750 29,878,168
The Bank of Tokyo-Mitshubishi UFJ ltd JPY 22,498,349.00 105.320 213,618.96 77.750 16,608,874
SCB Tokyo JPY 6,977,823.00 105.320 66,253.54 77.750 5,151,213
Al-Rajhi Banking SAR 14,097.73 3.751 3,758.79 77.750 292,246
Svenska Handles Banken SEK 604,587.25 6.513 92,824.92 77.750 7,217,138
SCB Singapore SGD 17,430.70 1.270 13,728.20 77.750 1,067,368
United Overseas Bank, Singapore SGD 33,911.83 1.270 26,708.54 77.750 2,076,589
Development Bank of Singapore SGD 5,015,114.64 1.270 3,949,842.20 77.750 307,100,231
Bank of Tokyo, Japan USD 180,059.64 1.000 180,059.64 77.750 13,999,637
Mashreque Bank NY USD 284,132.79 1.000 284,132.79 77.750 22,091,324
Public Bank Berhad, Kualalampur USD 115,580.02 1.000 115,580.02 77.750 8,986,347
BCCI London USD 131,440.04 1.000 131,440.04 77.750 10,219,463
ICICI Bank Hongkong USD 257,366.05 1.000 257,366.05 77.750 20,010,210
Commerz Bank AG, Frankfrut EURO 19,730.34 1.375 27,127.24 77.750 2,109,143
SCB, Frankfrut EURO 58,621.48 1.375 80,598.67 77.750 6,266,547
Citi Bank NA London EURO 186,685.38 1.375 256,673.73 77.750 19,956,383
SCB Mumbai, India ACUEUR 18,636.56 1.375 25,623.41 77.750 1,992,220
Total: Debit Balance 10,923,158.18 849,275,549
Nostro Account: Credit Balance
Sonali Bank UK London EURO 104,539.65 1.375 143,731.56 77.750 11,175,129
Unicredito Italiano SPA, Milan EURO 6,853.95 1.375 9,423.50 77.750 732,677
City Bank N.A. NY USD 2,728,635.19 1.000 2,728,635.19 77.750 212,151,386
HSBC NY USD 224,227.10 1.000 224,227.10 77.750 17,433,657
J P Morgan Chase USD 195,604.67 1.000 195,604.67 77.750 15,208,263
SCB, NY USD 3,964,596.95 1.000 3,964,596.95 77.750 308,247,413
Kookmin Bank, Seol USD 123,066.58 1.000 123,066.58 77.750 9,568,427
Wachovia Bank PSC, NY USD 2,934,859.59 1.000 2,934,859.59 77.750 228,185,333
Total: Credit Balance 10,324,145.14 802,702,285
BALANCE WITH BANGLADESH BANK IN FOREIGN CURRENCY ANNEXURE - E (2)

Nostro Account Debit
Bangladesh Bank EURO 76,119.19 1.375 104,656.27 77.750 8,137,025
Bangladesh Bank GBP 74,171.20 1.648 122,219.30 77.750 9,502,551
Bangladesh Bank JPY 3,014,599.40 105.320 28,623.24 77.750 2,225,457
Total Debit Balance 255,498.81 19,865,033
Nostro Account Credit
Bangladesh Bank USD 5,269,828.99 1.000 5,269,828.99 77.750 409,729,204
Total Credit Balance 5,269,828.99 409,729,204

ANNEXURE - F
Advance Tax and Provision for Taxation

Excess/(short) Payment of
Income Assessment Tax Provision Assessed Tax
Assessment status Provision after Advance
Year Year as per account liabilities
Tax Assessed Tax (TDS)
1 2 3 4 5 6=(3-5) 7
Refundable from Govt. for finalized assessments up to 2004 (except 2002) 3,101,735,796
2002 2003-04 10,000,000 High Court Ref. Submit 75,088,642 (65,088,642) 510,581,907
2005 2006-07 35,517,654 High Court Ref. Submit (1,595,413,077) 1,630,930,731 224,697,050
2006 2007-08 930,815,389 High Court Ref. Submit 1,550,205,298 (619,389,909) 239,419,933
2007 2008-09 - Finalized 2,069,296,117 (2,069,296,117) 1,020,571,233
2008 2009-10 - High Court Ref. Submit 1,794,952,510 (1,794,952,510) 125,729,702
2009 2010-11 1,700,000,000 Tribunal Pending 1,041,190,629 658,809,371 84,148,956
2010 2011-12 2,068,600,000 Appeal Pending 3,028,401,282 (959,801,282) 177,840,291
2011 2012-13 4,250,000,000 Return Submitted (1,020,657,045) 5,270,657,045 95,564,918
2012 2013-14 1,580,000,000 Assesment under hearing (26,437,713,530) 28,017,713,530 906,330,684
2013 2014-15 - Return not yet submitted - - 1,337,623,850
Sub total 10,574,933,043 (19,494,649,174) 30,069,582,217 7,824,244,320
Current tax has been calculated considering amortization valuation adjustment as admissible expenses from income year
2008.
238
ANNEXURE - G
Schedule of Fixed Assets Including Land, Building, Furniture and Fixture
Cost/Revaluation Depreciation
Disposal/ Net book Net book

Particulars Opening Addition Revaluation Total balance Opening Adjustment Total balance value as on value as on
Transfer Rate of Charge for
balance as on during the during the as on balance as on for disposal/ as on 31.12.2013 31.12.2012
during the Depreciation the year
01.01.13 year year 31.12.2013 01.01.2013 transfer 31.12.2013
year
Taka Taka Taka Taka Taka % Taka Taka Taka Taka Taka Taka
A) Agrani Bank Limited
Land 9,827,538,742 150,018,656 - 3,299,673,113 13,277,230,511 - - - - - 13,277,230,511 9,827,538,742
Building 632,762,700 83,186,495 - 238,618,779 954,567,974 2.50% 111,100,542 - 16,662,119 127,762,661 826,805,313 521,662,158
Furniture & Fixture 599,569,464 96,089,546 (6,152,006) - 689,507,004 10.00% 295,989,624 (6,152,006) 44,439,754 334,277,372 355,229,632 303,579,840
Motor Vehicles 300,487,969 140,232,000 939,382 - 441,659,351 10.00% 244,570,429 95,740 38,366,017 283,032,186 158,627,165 55,917,540
Office Equipment 168,229,703 16,031,389 (1,942,856) - 182,318,236 20.00% 113,943,438 (1,942,856) 16,561,517 128,562,099 53,756,137 54,286,265
Electric Materials 325,618,300 61,469,986 (601,551) - 386,486,735 20.00% 188,879,476 (601,551) 43,611,395 231,889,320 154,597,415 136,738,824
Computer 1,010,221,272 95,118,113 (3,251,261) - 1,102,088,124 20.00% 531,095,815 (3,251,261) 154,330,920 682,175,474 419,912,650 479,125,457
Others 4,240,054 152,036 315,782 - 4,707,872 20.00% 2,361,656 315,782 179,212 2,856,650 1,851,222 1,878,398
Sub-Total (In Bangladesh) 12,868,668,204 642,298,221 (10,692,510) 3,538,291,892 17,038,565,807 1,487,940,980 (11,536,152) 314,150,934 1,790,555,763 15,248,010,045 11,380,727,224
B) Subsidiary Companies:
Agrani Equity & Investment Limited 10,110,832 2,778 - - 10,113,610 - 1,852,646 - 1,432,062 3,284,708 6,828,902 8,258,186
Agrani SME Financing Company Limited 4,016,643 5,284,589 - - 9,301,232 - 590,926 - 1,381,142 1,972,068 7,329,164 3,425,717
Agrani Exchange House Private Limited 20,632,888 2,857,250 (935,894) - 22,554,244 - 13,948,336 (935,894) 3,584,638 16,597,080 5,957,164 6,684,552
Agrani Remittance House SDN. BHD. 5,701,205 3,273,762 (354,643) - 8,620,324 - 3,617,049 (354,643) 1,080,359 4,342,765 4,277,559 2,084,156
Sub-total (Overseas Branches) 40,461,568 11,418,379 (1,290,537) - 50,589,410 - 20,008,957 (1,290,537) 7,478,201 26,196,621 24,392,789 20,452,611

Grand Total (A+B) 12,909,129,772 653,716,600 (11,983,047) 3,538,291,892 17,089,155,217 - 1,507,949,937 (12,826,689) 321,629,135 1,816,752,384 15,272,402,834 11,401,179,835
239
ANNEXURE - H
240
CLASIFICATION OF FINANCIAL INSTRUMENTS AS PER BANGLADESH FINANCIAL REPORTING STANDARD (BFRS-7): CONSOLIDATED
Taka in million
Financial liabilities
Loans & Receivable Held to maturity Held to trading Available for sale Non-financial asset Financial liabilities measure at Non-finacial
at fair value liabilities
Items amortised cost
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 26,336 26,336 - - - - - - - - - - - - - -
Balance with Bangladesh Bank and agent Bank 4,845 4,845 - - - - - - - - - - - - - -
Balance with other bank and financial institution 21,490 21,490 - - - - - - - - - - - - - -
Investments 27,798 27,798 74,829 77,579 40,571 41,088 12,776 15,649 - - - - - - - -
Loans and advance 199,624 199,624 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 15,272 15,272 - - - - - -
Other assets 15,961 15,961 - - - - - - 16,610 16,610 - - - - - -
Borrowing from other banks, Financial
institution and agents - - - - - - - - - - - - 3,409 3,409 - -
Deposit and other accounts - - - - - - - - - - - - 347,809 347,809 - -
Other liabilities - - - - - - - - - - - - 2,418 2,418 55,391 55,391
Total 296,055 296,055 74,829 77,579 40,571 41,088 12,776 15,649 31,882 31,882 - - 353,636 353,636 55,391 55,391
CLASIFICATION OF FINANCIAL INSTRUMENTS AS PER BANGLADESH FINANCIAL REPORTING STANDARD (BFRS-7) : AGRANI BANK LIMITED
Taka in million
Financial liabilities
Financial liabilities Non-finacial
Loans & Receivable Held to maturity Held to trading Available for sale Non-financial asset measure at
at fair value liabilities
Items amortised cost
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 26,238 26,238 - - - - - - - - - - - - - -
Balance with Bangladesh Bank and agent Bank 4,752 4,752 - - - - - - - - - - - - - -
Balance with other bank and financial institution 21,485 21,485 - - - - - - - - - - - - - -
Investments 21,753 21,753 74,829 77,579 40,571 41,088 12,776 9,604 - - - - - - - -
Loans and advance 202,965 202,965 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 15,248 15,248 - - - - - -
Other assets - - - - - - - - - - - - - - - -
Borrowing from other banks, Financial
institution and agents - - - - - - - - - - - - 3,409 3,409 - -
Deposit and other accounts - - - - - - - - - - - - 348,675 348,675 - -
Other liabilities - - - - - - - - - - - - 2,418 2,418 55,391 55,391
Total 277,193 277,193 74,829 77,579 40,571 41,088 12,776 9,604 15,248 15,248 - - 354,503 354,503 55,391 55,391
ANNEXURE - I
Performance Evaluation
For the year ended 2013
(Taka in crore)
Consolidated Bank
Ratio Equation 2013 2012 2013 2012
a) Average Cost of Deposits Interest paid on Deposits 2,217.43 1,517.10 x 100 = 5.76% 2,189.00 1,517.10
= = x 100 = 6.91% x 100 = 6.82% x 100 = 5.76%
Average Deposit 32,083.33 26,352.38 32,083.33 6,352.38
b) Average Cost of Borrowing Interest paid in Borrowings 20.03 188.40 20.03 188.40 x 100 = 8.82%
= = x 100 = 3.23% x 100 = 9.52% x 100 = 3.23%
Average Borrowings 621.00 1,978.92 621.00 2,135.27
Average Cost of Agrani Bank Shilpa

c) Interest paid on ASUB 0.03 0.04 0.03 0.04
Unnayan Bond = = x 100 = 7.85% x 100 = 10.81% x 100 = 7.85% x 100 = 10.81%
ASUB 0.34 0.37 0.34 0.37
Average Yield on Loans & Advances

d) Interest on Loans 2,311.74 2,320.62 2,276.09 2,302.29
(performing loan) = = x 100 = 14.41% x 100 = 13.86% x 100 = 14.19% x 100 = 13.86%
Performing Loans 16,040.90 16,737.59 16,040.90 16,611.81
e) Average Yield on Investments Income from Investment 1,148.09 814.30 1,114.01 804.41 x 100 = 9.41%
= = x 100 = 9.63% x 100 = 9.52% x 100 = 9.35%
Average Investment 11,920.24 8,552.14 11,920.24 8,552.14
f) Average Yield on Call loans to Bank Income from Call Loans 27.39 2.96 27.39 2.96
= = x 100 = 6.36% x 100 = 3.57% x 100 = 6.36% x 100 = 3.57%
Average Money At Call 430.62 82.87 430.62 82.87
g) Average Yield on Balance with other Banks = Interest from Balance with other Bank = 91.25 32.22 x 100 = 23.08% 91.25 x 100 = 12.03% 32.22 x 100 = 14.35%
x 100 = 12.03%
Average Balance with other Banks 758.77 139.63 758.77 224.60
= {(Interest Earned/Interest Earning =

h) Net Spread Assets) - (Interest Paid/Interest 4.81% 4.71% 4.70% 4.23%
Bearing Liabilities)}
i) Net Interest Margin Net Interest Income 3.54% 1.84% 3.43% 1.61%
= =
Gross Earning Assets

j) Contribution of non-interest bearing liabilities = Net Spread - Net Interest Margin = 1.27% 2.87% 1.27% 2.62%
241
ANNEXURE - J
242
Asset Revaluation
As on 31 December 2013
Carrying Amount as at 31.10.2013 Revalued Amount as at 31.10.2013 Revaluation in Current Year

Sl. No. Location of properties Land (In decimal)
Land Building Grand Total Land Building Grand Total Land Building Total
1 2 3 4 5 6 (4+5) 7 8 9 (7+8) 10 11 12 (10+11)
1 9-D, Dilkusha C/A, Dhaka 41.39 2,276,450,000 312,057,615 2,588,507,615 3,311,200,000 488,985,000 3,800,185,000 1,034,750,000 176,927,385 1,211,677,385
2 72, Motijheel C/A, Dhaka 12.40 681,780,000 - 681,780,000 1,053,660,000 - 1,053,660,000 371,880,000 - 371,880,000
3 19-20, Shahbagh Avenue, Dhaka 50.00 2,375,000,000 1,216,982 2,376,216,982 3,600,000,000 1,328,040 3,601,328,040 1,225,000,000 111,058 1,225,111,058
4 2019-220, Nawabpur Road, Dhaka 1.92 11,210,595 73,933,871 85,144,466 13,440,000 78,988,000 92,428,000 2,229,405 5,054,129 7,283,534
5 66, New Circular Road, Mouchak, Dhaka 2.40 18,582,934 20,843,630 39,426,564 19,200,000 33,750,000 52,950,000 617,066 12,906,370 13,523,436
6 Shaistakhan Road, Narayangonj 6.36 79,375,000 12,112,615 91,487,615 82,550,000 13,950,090 96,500,090 3,175,000 1,837,475 5,012,475
7 Mirjhumla, Narayangong 226.25 2,149,375,000 20,981,607 2,170,356,607 2,601,875,000 25,781,814 2,627,656,814 452,500,000 4,800,207 457,300,207
8 Choto Bazar, Mymensingh 6.70 53,600,000 14,938,260 68,538,260 53,600,000 25,488,000 79,088,000 - 10,549,740 10,549,740
9 Ishwargonj, Mymensingh 98.50 7,880,000 - 7,880,000 9,850,000 - 9,850,000 1,970,000 - 1,970,000
10 Haluaghat, Mymensingh 2.50 1,250,000 246,875 1,496,875 1,300,000 511,500 1,811,500 50,000 264,625 314,625
11 Tangail Sadar, Tangail 3.30 5,326,345 25,019,631 30,345,976 6,600,000 26,257,000 32,857,000 1,273,655 1,237,369 2,511,024
12 Garkanda, Nalitabari, Sherpur 6.72 16,800,000 1,613,571 18,413,571 17,472,000 2,076,682 19,548,682 672,000 463,111 1,135,111
13 Satpal, Netrokona 15.00 37,500,000 4,003,766 41,503,766 39,000,000 6,840,000 45,840,000 1,500,000 2,836,234 4,336,234
14 Chakbazar, Thana Road, Faridpur 8.32 51,584,000 8,960,644 60,544,644 58,240,000 11,495,000 69,735,000 6,656,000 2,534,356 9,190,356
15 Rajbari More, Faridpur 26.00 52,000,000 2,798,082 54,798,082 57,200,000 3,178,140 60,378,140 5,200,000 380,058 5,580,058
16 Bangabandhu Road, Launchghat, Gopalgonj 7.00 10,500,000 13,040,353 23,540,353 17,500,000 17,537,380 35,037,380 7,000,000 4,497,027 11,497,027
17 Baherarhat, Haridaspur, Gopalgonj 30.75 9,225,000 - 9,225,000 12,300,000 - 12,300,000 3,075,000 - 3,075,000
18 New Rangamati Bazar 52.00 156,000,000 992,733 156,992,733 182,000,000 950,285 182,950,285 26,000,000 (42,448) 25,957,552
19 KDA Mazgunni, Khalispur, Khulna 145.93 510,755,000 - 510,755,000 525,348,000 - 525,348,000 14,593,000 - 14,593,000
20 Baniakhamar, Khulna 16.50 57,750,000 - 57,750,000 59,400,000 - 59,400,000 1,650,000 - 1,650,000
21 Maheshwarpasa, Daulatpur, Khulna 72.28 43,368,000 - 43,368,000 46,982,000 - 46,982,000 3,614,000 - 3,614,000
22 Maheshwarpasa, Daulatpur, Khulna 64.58 38,748,000 - 38,748,000 45,206,000 - 45,206,000 6,458,000 - 6,458,000
23 Deara, Debnagarm, Dighalia, Khulna 79.50 63,600,000 - 63,600,000 71,550,000 - 71,550,000 7,950,000 - 7,950,000
24 Goalpara, Daulatpur, Khulna 29.00 29,000,000 - 29,000,000 30,450,000 - 30,450,000 1,450,000 - 1,450,000
25 Khulna University, Khulna 16.50 16,500,000 - 16,500,000 17,325,000 - 17,325,000 825,000 - 825,000
26 Jhumjhumpur, Jrssore 9.62 14,430,000 9,731,337 24,161,337 15,392,000 12,586,000 27,978,000 962,000 2,854,663 3,816,663
27 Kalia, Narail 3.00 600,000 - 600,000 750,000 - 750,000 150,000 - 150,000
28 Banalata C/A, Rajshahi 30.97 61,941,000 - 61,941,000 65,038,050 - 65,038,050 3,097,050 - 3,097,050
29 Padma R/A, Rajshahi 101.41 121,695,600 - 121,695,600 131,836,900 - 131,836,900 10,141,300 - 10,141,300
30 Motihar, Rajshahi 8.25 561,338 450,000 1,011,338 660,000 800,000 1,460,000 98,662 350,000 448,662
31 Thana Road, Bogra 12.75 8,925,000 - 8,925,000 9,180,000 - 9,180,000 255,000 - 255,000
32 Betgari, Bogra 288.00 432,000,000 - 432,000,000 504,000,000 - 504,000,000 72,000,000 - 72,000,000
33 Sayadhangora, SS Road, Sirajgong 5.93 3,261,500 299,413 3,560,913 3,558,000 487,250 4,045,250 296,500 187,837 484,337
34 Bhuterdiyar, SS Road, Sirajgong 1.00 550,000 - 550,000 600,000 - 600,000 50,000 - 50,000
35 3, Central Road, Rangpur 13.44 53,760,000 3,242,147 57,002,147 56,448,000 3,960,000 60,408,000 2,688,000 717,853 3,405,853
36 Alamnagar, Rangpur 21.00 915,000 57,000 972,000 1,050,000 120,000 1,170,000 135,000 63,000 198,000
37 Ghatipara, Dinajpur 8.25 825,000 165,699 990,699 907,500 175,000 1,082,500 82,500 9,301 91,801
38 Sadar Road, Barisal 22.00 77,000,000 6,662,499 83,662,499 88,000,000 6,123,200 94,123,200 11,000,000 (539,299) 10,460,701
39 Laldhigirpar, Sylhet 1.18 5,375,025 36,003,283 41,378,308 5,900,000 42,000,000 47,900,000 524,975 5,996,717 6,521,692
40 BSCIC I/A, Kuchai, Sylhet 6.88 17,200,000 310,094 17,510,094 17,888,000 309,120 18,197,120 688,000 (974) 687,026
41 Jaintapur, Sylhet 49.00 98,000,000 1,905,044 99,905,044 107,800,000 2,334,000 110,134,000 9,800,000 428,956 10,228,956
42 Panchim Barhatm, Moulavibazar 76.16 190,400,000 18,845,971 209,245,971 198,016,000 23,040,000 221,056,000 7,616,000 4,194,029 11,810,029
TOTAL 1,680.64 9,840,599,337 590,432,722 10,431,032,059 13,140,272,450 829,051,501 13,969,323,951 3,299,673,113 238,618,779 3,538,291,892
ANNEXURE - K
Calculation of Provision for Loans & Advances

As on 31 December 2013
(Amount in TK.)
Unclassified (UC) Classified Base for Interest Value of
Total Balance Provision Provision
Particulars Provision Suspense Eligible
Standard SMA SS DF BL Outstanding Required maintained
Securities
A) Continuous Loan
Smal & Medium Enterprise Financing ( SMEF ) 32,600,438,571 625,437,650 478,698,676 563,680,560 5,303,189,160 39,571,444,617 3,015,288,695 2,028,046,665 2,028,046,665 897,145,933 43,736,951,453
Housing Finance (HF ) - - - - - - - - - - -
Loans for Professionals to set up business - - - - - - - - - - -
Consumer Financing (Other than HF & LP) - - - - - - - - - - -
Loans to BHs/MBs/SDs against shares etc - - - - - - - - - - -
Other than SMEF,CF,BHs/MBs/SDs 24,119,199,331 473,543,081 119,469,517 290,271,284 2,524,962,637 27,527,445,850 2,003,756,441 1,554,902,511 1,554,902,511 547,392,048 17,935,890,881
Sub Total (A) 56,719,637,902 1,098,980,731 598,168,193 853,951,844 7,828,151,797 67,098,890,467 5,019,045,136 3,582,949,176 3,582,949,176 1,444,537,981 61,672,842,334
B) Demand Loan
Smal & Medium Enterprise Financing ( SMEF ) 1,581,379,185 87,316,580 29,935,767 9,791,782 693,392,668 2,401,815,982 463,559,378 353,128,431 353,128,431 197,722,187 549,324,694
Housing Finance (HF ) - - - - - - - - - - -
Loans for Professionals to set up business - - - - - - - - - - -
Consumer Financing (Other than HF & LP) - - - - - - - - - - -
Other than SMEF,CF,BHs/MBs/SDs 8,360,218,041 106,034,393 237,998,433 2,403,818,072 4,977,237,615 16,085,306,554 6,520,605,845 5,234,026,526 5,234,026,526 1,066,756,253 989,779,172
Sub Total (B) 9,941,597,226 193,350,973 267,934,200 2,413,609,854 5,670,630,283 18,487,122,536 6,984,165,223 5,587,154,957 5,587,154,957 1,264,478,440 1,539,103,866
C) Term Loan
Smal & Medium Enterprise Financing ( SMEF ) 10,750,665,744 1,131,407,764 697,465,544 606,138,218 4,999,026,928 18,184,704,198 4,794,741,116 2,924,176,318 2,924,176,318 1,613,259,478 6,626,994,172
Housing Finance (HF ) 25,353,621,867 9,424,621 - 1,679,496 3,845,723 25,368,571,707 11,577,686 509,324,581 509,324,581 2,145,673 335,672,785
Loans for Professionals to set up business - - - - 38,122 38,122 38,122 38,122 38,122 - -
Consumer Financing (Other than HF & LP) 5,560,898,604 578,421,976 191,391,129 195,869,169 1,483,651,313 8,010,232,191 2,349,711,509 1,833,880,454 1,833,880,454 102,326,029 -
Other than SMEF,CF,BHs/MBs/SDs 26,030,418,916 1,117,218,935 1,285,346,546 152,359,671 6,417,042,931 35,002,386,999 4,980,515,934 3,101,811,459 3,101,811,459 2,371,686,605 35,889,511,752
Sub Total (C) 67,695,605,131 2,836,473,296 2,174,203,219 956,046,554 12,903,605,017 86,565,933,217 12,136,584,367 8,369,230,934 8,369,230,934 4,089,417,785 42,852,178,709
D) Short Term Agri Credit & Micro Credit
Short Term Agri Credit 6,592,458,156 - 675,010,323 444,057,483 793,146,002 8,504,671,964 1,800,284,693 1,103,698,532 1,103,698,532 71,561,503 78,769,849
Micro Credit 799,651,349 - 85,316,065 42,602,265 92,829,901 1,020,399,580 210,435,496 131,263,489 131,263,489 9,265,084 7,897,818
Sub Total (D) 7,392,109,505 - 760,326,388 486,659,748 885,975,903 9,525,071,544 2,010,720,189 1,234,962,021 1,234,962,021 80,826,587 86,667,667

Total (A+B+C+D) 141,748,949,764 4,128,805,000 3,800,632,000 4,710,268,000 27,288,363,000 181,677,017,764 26,150,514,915 18,774,297,088 18,774,297,088 6,879,260,793 106,150,792,576
E) Staff Loan 21,288,370,374 - - - - 21,288,370,374 - 212,883,704 212,883,704 - -
243
Total (A+B+C+D+E) 163,037,320,138 4,128,805,000 3,800,632,000 4,710,268,000 27,288,363,000 202,965,388,138 26,150,514,915 18,987,180,792 18,987,180,792 6,879,260,793 106,150,792,576
ANNEXURE - L
244
Nostro Reconciliation
2013 2012
Particular As per our book (GL) As per their book (statement) As per our book (GL) As per their book (statement)
Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD)
Up to three months 312,874.76 6,517,624.91 6,044,058.82 40,736,743.42 600,958.59 4,319,606.77 39,218,028.04 27,122,848.84
More than three months but less than six months - - - - - - - -
More than six months but less than nine months - - - - - - - -
More than nine months but less than twelve months - - - - - - - -
More than twelve months - - - - - - - -
Total 312,874.76 6,517,624.91 6,044,058.82 40,736,743.42 600,958.59 4,319,606.77 39,218,028.04 27,122,848.84
The Bank is not required to keep provision regarding the unreconciled debit balance as at balance sheet date since there was no debit entry aging more than three months.
ANNEXURE - M
Segment Reporting
A. Banking operations comprising of branches of the banking entity
Agrani Bank Limited

Particulars Total
Dhaka Chittagong Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur
Number of Branches 151 77 130 65 137 58 52 37 86 106 899
B. Domestic operations in line with geographical segments

(Taka in crore)
Agrani Bank Limited Subsidiaries Grand
Particulars Total Deduction
Dhaka Chittagong Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur AEIL ASMEFCL AEHPL ARHSB Total
Interest income 877.00 309.00 159.00 191.00 119.00 143.00 118.00 172.00 227.00 79.00 2,394 2.52 12.60 - - (28.42) 2,380.70
Interest paid on deposits,
borrowings etc. 1,36.00) (178.00) (110.00) (97.00) (59.00) (10300) (48.00) (107.00) (157.00) (48.00) (2,268) - - - - (28.42) (2,239.58)
Net interest income (484.00) 131.00 49.00 94.00 60.00 40.00 70.00 65.00 70.00 31.00 126 2.52 12.60 - - - 141.12
Investment income 1,114.00 - - - - - - - - - 1,114 34.08 - - - - 1,148.08
Commission, exchange earnings
and brokerage 452.00 14.00 7.00 8.00 6.00 2.00 7.00 6.00 10.00 2.00 514 0.58 - - - - 514.58
Other operating income 32.00 7.00 9.00 8.00 5.00 4.00 4.00 9.00 9.00 4.00 91 0.11 0.44 9.56 3.31 - 104.42
Total operating income 1,114.00 152.00 65.00 110.00 71.00 46.00 81.00 80.00 89.00 37.00 1,845 37.29 13.04 9.56 3.31 - 1,908.20
Allocated expenses 398.00 58.00 37.00 73.00 35.00 27.00 40.00 42.00 51.00 21.00 782 22.29 6.04 8.01 2.79 - 821.13
Operating profit (loss) 716.00 94.00 28.00 37.00 36.00 19.00 41.00 38.00 38.00 16.00 1,063 15.00 7.00 1.55 0.52 - 1,087.07
Operating profit (loss) as % 65.87% 8.65% 2.58% 3.40% 3.31% 1.75% 3.77% 3.50% 3.50% 1.47% 97.79% 1.38% 0.64% 0.14% 0.05% 0.00% 100.00%
C. Treasury operations comprising of the banking entity
(Taka in crore)
Nature of operation Consolidated Bank
Amount % Amount %
Operating income from banking operation 760.40 39.84% 731.28 39.63%

Operating income from investment operation 1,148.09 60.16% 1,114.01 60.37%
Total operating profit 1,908.49 100.00% 1,845.29 100.00%
245
ANNEXURE - N (1)
Islamic Banking Unit
Balance Sheet
As at December 31, 2013
(Amount in Taka)
2013 2012
PROPERTY & ASSETS
Cash in hand
Cash in hand (including foreign currencies) 3,879,564 4,226,541
Balance with Bangladesh Bank and its agent (including foreign currencies) 312,753,558 21,602,000
316,633,122 25,828,541
Balance with other banks and financial institutions
In Bangladesh 4,500,652,200 34,187,045
Outside Bangladesh - -
4,500,652,200 34,187,045
Placement with other banks and financial institutions -
Investments in Share & Securities
Governments - -
Others - -
- -
Investments
General Investment etc 545,069,276 375,255,686
Bills purchased and discounted 3,476,250 -
548,545,526 375,255,686
Fixed assets including premises 2,519,920 1,780,039
Other assets 133,980,576 47,206,575
Non-banking assets - 29,287,745
Total assets 5,502,331,344 513,545,631

Liabilities
Placement from other banks, financial institutions and agents - -
Deposits and other acconts
Mudaraba savings deposits 36,649,146 29,411,568
Mudaraba term deposits 3,125,830,079 58,767,876
Other Mudaraba deposits 29,706,924 104,657,076
Al-wadeeah currents deposits 43,403,820 16,798,295
Bills payable 2,657,227 360,156
3,238,247,195 209,994,971
Other Liabilities 2,264,084,148 303,550,660
Deferred tax liabilities/(Assets) - -
Total liabilities 5,502,331,344 513,545,631
Caital/Shareholders’ equity
Paid up capital - -
Statutory reserve - -
Revaluation gain/(loss) on investments - -
Other reverve - -
Surplus in profit and loss account/retained earning - -
Total shareholders equity - -
Total liabilities and shareholders equity 5,502,331,344 513,545,631
246
ANNEXURE - N (2)
As at December 31, 2013
(Amount in Taka)
2013 2012
Contingent Liabilities
Acceptances and endorsements - -
Letters of Guarantee 17,497,484.00 12,829,534.00
Irrevocable letters of credit - -
Back to Back L/C 5,847,000.00 17,525,400.00
Bills for Collection 82,272,900.00 43,960,500.00
Other Contingent Liabilities - -
105,617,384.00 74,315,434.00
Other Commitments
Documentary credits and short term trade related transactions - -
Other Commitments - -
- -
Total off-balance sheet exposures including contingent liabilities 105,617,384.00 74,315,434.00

ANNEXURE - N (3)

For the year ended December 31, 2013
(Amount in Taka)
2013 2012
Operating Income:
Investment Income 289,713,662 59,182,916
Profit paid on deposits (162,033,354) (43,564,201)
Net Investment Income 127,680,308 15,618,716
Income from investment in shares/securities - -
Commission, exchange and brokerage 2,230,770 1,195,213
Other operating income 539,944 810,254
Total operating income (A) 130,451,022 17,624,183
Operating Expenses:
Salaries and allowances 10,945,275 9,091,779
Rent, taxes, insurance, electricity, ect. 833,189 8,190
Other fees and taxes 20,275 1,301
Legal Expenses 6,633 12,000
Postage, stamp, telecommunication etc. 117,503 10,122
Stationery, printing, advertisements. Etc. - 124,467
Chief Ececutive’s slalary & fees - -
Directors’ fees & expenses - -
Shariah supervisory committees’s fees & expenses - -
Auditors’ fees - -
Charges on investment losses - -
Depreciation and repair of Bank’s assets 1,126,216 279,891
Repairs to the Bank’s assets - 108,598
Zakat expenses - -
Other expenses 32,652,391 469,148
Total operating expenses(B) 45,701,482 10,105,496
Profit/(loss) before provision (C=A-B) 84,749,540 7,518,687
Provision for investments - -

Specific Provision - -
General provision - -
Provision for off-balance sheet exposures - -
Provision for diminution in value of investments - -
Other provisions - -
Total Provision (D) - -
Total profit before taxes (C-D) 84,749,540 7,518,687
248
ANNEXURE - O
Intra- Company Transactions
Deposits
Sl. No. Head of Accounts Name of Subsidiary Amount
1 Balance with Other Banks and Financial Institutions Agrani Equity & Investment Limited 44,848,291
2 Balance with Other Banks and Financial Institutions Agrani SME Financing Company Limited 147,166,407
3 Balance with Other Banks and Financial Institutions Agrani SME Financing Company Limited 677,204,379
Total 869,219,077
Loans & Advances

1 Bank Overdraft Agrani Equity & Investment Limited 4,206,646,330
Total 4,206,646,330
Other Liabilities
1 Other Assets Agrani SME Financing Company Limited 7,322,127
Total 7,322,127
Other Assets
1 Other Liabilities Agrani SME Financing Company Limited 55,672,663
2 Share Capital Agrani Equity & Investment Limited 2,000,000,000
3 Share Capital Agrani SME Financing Company Limited 600,000,000
4 Share Capital Agrani Exchange House Private Limited 6,457,000
5 Share Capital Agrani Remittance House SDN. BHD. 8,967,168
6 Minority Interest Agrani Equity & Investment Limited (600)
7 Minority Interest Agrani SME Financing Company Limited (1,200)
Total 2,671,095,031
Interest Income
1 Interest Expense Agrani Equity & Investment Limited 205,758,669
Total 205,758,669
Interest Expenses
1 Interest Income Agrani Equity & Investment Limited 1,117,531
2 Interest Income Agrani SME Financing Company Limited 4,145,221
3 Interest Income Agrani SME Financing Company Limited 73,208,455
Total 78,471,207
Other Operating Income

1 Other Operating Expense Agrani Equity & Investment Limited 40,732
Total 40,732

250
Agrani Equity & Investment Limited

INDEPENDENT AUDITORS’ REPORT
TO THE SHAREHOLDERS OF
AGRANI EQUITY & INVESTMENT LIMITED
We have audited the accompanying financial statements of the Agrani Equity & Investment Limited, which comprise the
statement of financial position as at 31 December 2013 and the related statement of comprehensive income, statement of
change in equity and statement of cash flows for the year then ended, and a summary of significant accounting policies and
other explanatory information.

Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Bangladesh Financial Reporting Standards (BFRS), the Companies Act 1994 and other applicable laws and regulations and
for such internal control as management determines is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of the
material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s preparation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial
statements.
Audit Opinion
In our opinion, the financial statements presents fairly, in all materials respects, the financial position of Agrani Equity
& Investment Limited as at 31 December 2013 and its financial performance and its cash flows for the year then ended
in accordance with Bangladesh Financial Reporting Standards (BFRS) and comply with the applicable sections of the
Companies Act 1994 and other applicable laws and regulations.
We also report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary
for the purposes of our audit and made due verification thereof;
b) in our opinion, proper books of account as required by law have been kept by the company so far as it appeared
from our examination of those books;
c) the company’s statement of financial position and statement of comprehensive income dealt with by the report are
in agreement with the books of account and returns; and
d) the expenditure incurred was for the purposes of the company’s business.
Emphasis of matters
However, we draw attention to notes 26 and 27 to the accompanying Financial Statements which describes the matter relating
to shortfall in provision for Margin loan, loss on Investment in Securities and unrealized loss on securities & investment as
at 31 December 2013 and extension of time line by Bangladesh Securities and Exchange Commission (BSEC) to make
necessary provision in this regard within 31 December 2014. Our opinion is not qualified in respect of these matters.
MABS & J Partners Shahadat Rashid & Co.

Dhaka
Dated: 20 February 2014
252
STATEMENT OF FINANCIAL POSITION
(Amount in Taka)
Particulars Notes
2013 2012
APPLICATION OF FUND
Non-Current Assets:
Property, plant and equipment 4 6,348,182 7,487,687
Intangible assets 5 480,720 770,499
Total non-current asset 6,828,902 8,258,186
Current Assets:
Investment in shares & securities 6 6,045,764,419 4,171,190,797

Margin loan 7 428,424,471 437,944,231
Accounts receivables 8 2,774,575 1,162,958
Dividend receivables 9 25,319,188 14,846,054
Advance, deposit & prepayment 10 12,000 1,095,600
Advance income tax 11 15,603,985 6,918,426
Other assets 12 207,306 215,003
Cash and cash equivalents 13 44,848,291 9,758,374
Total current assets 6,562,954,235 4,643,131,443
Total Assets 6,569,783,137 4,651,389,629
SOURCES OF FUND
Equity and Liabilities:

Shareholders’ Equity:
Share capital 14 2,000,000,000 2,000,000,000
Retained earnings 15 (840,156,521) (949,371,245)
Total shareholder’s equity 1,159,843,479 1,050,628,755
Current Liabilities:
Accounts payable 16 4,022,720 1,696,025
Advance and security deposits 2,445,074 1,767,166
Bank Overdraft 17 4,206,646,330 2,458,506,286
Other liabilities 18 1,196,825,534 1,138,791,397
Total current liabilities 5,409,939,658 3,600,760,874
Total equity & liabilities 6,569,783,137 4,651,389,629
Net asset vaiue per share 57.99 52.53
These Financial Statements should be read in conjunction with the annexed notes.
ankaj Roy Chowdhury

P K.M.N. Manjurul Hoque Lablu Dr. Khondoker Bazlul Hoque
Chief Executive Officer Director Chairman
As per our annexed report of same date

Date: 20 February 2014
Dhaka

STATEMENT OF COMPREHENSIVE INCOME
(Amount in Taka)
Particulars Notes
2013 2012
Income
Fees, commissions etc. 19 5,248,117 6,634,384

Profit/(loss) on sale of investment 20 273,842,862 51,205,021
Income from margin loan 21 25,119,813 47,663,860
Other operational Income 22 68,668,031 34,057,576
Total Income 372,878,823 139,560,841
Expenditure
Administrative expenses 23 14,942,880 14,734,334
Operating expense 24 2,148,631 1,571,753
Financial expenses 25 205,799,402 154,825,450
Total expenditure 222,890,913 171,131,537
Net Profit/(Loss) before tax 149,987,910 (31,570,696)
Provision for margin loan 26 - 74,009,947
Provision for unrealized loss on security 27 - -
Provision for tax 28 40,773,186 11,870,197
Provision for Deferred tax ( Note-3.6) - 458,922
Net profit after tax 109,214,724 (117,909,762)
Earnings per share (EPS) 29 5.46 (5.90)
ankaj Roy Chowdhury

As per our annexed report of same date

Dhaka
254
STATEMENT OF CASH FLOWS
(Amount in Taka)
Particulars
2013 2012
A. Cash flow from operating activities

Received from fees & commission 5,248,117 11,926,035
Interest received on margin loan 25,119,813 47,663,860
Dividend income 56,471,366 33,748,473
Other income received 1,723,531 309,103
Administrative Expenses (6,022,292) (17,801,028)
Payment for CDBL expenses (1,982,300) (1,571,753)
Interest paid on Bank Overdraft (205,758,669) (154,796,335)
Bank charge paid (40,732) (29,115)
Income Tax Paid (20,564,392) (1,178,976)
Net Investment in securities (1,600,015,682) (1,171,331,126)
Investment in Margin Loan 9,519,760 (157,580,552)
Net Receipt of Secuirity Deposit 677,907 -
Interest Suspense Account 22,568,527 -
Overdraft received 1,748,140,044 1,436,687,981
Net cash provided by/(used in) Operating activities 35,084,997 26,046,567
B. Cash flow from investing activities

Property plant and equipment (2,778) (6,024,187)
Other assets 7,698 (11,608,921)
Net cash provided by/(used in) Investing activities 4,920 (17,633,108)
C. Cash flow from financing activities

Share capital - -
Retained earnings - -
Net cash provided by/(used in) Financing activities - -
D. Net cash Inflow/(Outflow) [A+B+C] 35,089,917 8,413,459
E. Opening cash and bank balances 9,758,374 1,344,916
F. Closing cash and bank balances [D+E] 44,848,291 9,758,375
ankaj Roy Chowdhury

Dhaka

STATEMENT OF CHANGES IN EQUITY
Particulars Share Capital Retained Earnings Total Equity
Balance on 31 December 2012 2,000,000,000 (949,371,245) 1,050,628,755
Net profit/(loss) - 109,214,724 109,214,724
Balance as at 31 December 2013 2,000,000,000 (840,156,520) 1,159,843,480
Balance on 31 December 2011 2,000,000,000 (831,461,483) 1,168,538,517
Net profit/(loss) - (117,909,762) (117,909,762)
Balance as at 31 December 2012 2,000,000,000 (949,371,245) 1,050,628,755
ankaj Roy Chowdhury


Dhaka
256
NOTES TO THE FINANCIAL STATEMENTS
1.0 Background of the company
1.1 Corporate information

Agrani Bank Limited (Merchant Banking Unit) registered as a full-fledged Merchant Banker with the Bangladesh
Securities and Exchange Commission through certificate no MB-34/2009 on 23 March 2009. Subsequently Agrani
Bank Limited (Merchant banking Unit) started their operation from 03 September 2009.
Agrani Bank Limited (Merchant Banking Unit) also registered as a Public limited company namely Agrani Equity &
Investment Limited (“the Company’’) registered under the Companies Act 1994. The Company was incorporated
in Bangladesh on 16 March 2010. The address of the company’s registered office is 9/D Dilkusha C/A, Motijheel,
Dhaka-1000, Bangladesh.
1.2 Principal activities and nature of operations

The principal activities of the company comprised of merchant banking, portfolio management, issue management
& underwriting.
2.0 Basis of preparation

The financial statements have been prepared in accordance with First Schedule of Bank Companies Act 1991,
relevant Bangladesh Bank Circulars, International Accounting Standards (IASs), adopted by the Institute
of Chartered Accountants of Bangladesh (ICAB), named as Bangladesh Accounting Standards (BASs), the
Companies Act 1994, Securities and Exchange Ordinance 1969, Securities and Exchange Rules 1987, Bangladesh
Gazette 1996 and other laws and Rules applicable thereto.
2.2 Basis of measurement

The financial statements have been prepared on the historical cost basis.
2.3 Functional and presentational currency

These financial statements are prepared in Bangladesh Taka (Taka/Tk), which is the company’s functional currency.
All financial information presented in Taka has been rounded on the nearest figuer.

The preparation of financial statements requires management to make judgments, estimates and assumptions
that affect the application of accounting policies and the reported amounts of assets, liabilities, income and
expenses. Actual results may differ from the estimates. Estimates and underlying assumptions are reviewed on
an on going basis. Revision of accounting estimates are recognized in the period in which the estimate is revised
and in any future periods affected.
2.5 Reporting period

The financial statements of the Company consistently cover the period from 01 January to 31 December 2013.

3.0 Significant Accounting Policies
3.1 Basis of preparation and presentation of the financial statements and responsibility thereon
The financial statements have been prepared based on historical cost convention on generally accepted
accounting principles (GAAP). The Financial Statements are presented in Bangladeshi Taka (BDT) significant
accounting policies has been disclosed in the succeeding notes. The Board of Directors are responsible for the
preparation and presentation of these financial statements.
3.2 Property, plant and equipment

3.2.1 Recognition and measuremnt
Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated
impairment losses, if any. Cost includes expenditures that are directly attribulable to the acquisition of property,
plant and equipment and bringnig to the location and condition necessary for it to be capable of operating in
the intended menner. The cost of self constructed asset included the cost of material and direct labour, any other
cost directly attributable to bringing the assets to a working condition for their intended use.
3.2.2 Subsequent costs

The cost of replacing part of an item of property, plant and equipment is recognized in the carrying amount of
the item if it is probable that the future economis benefits embodied within the part will flow to the company
and its cost can be measured reliably. The costs of the day to day servicing of property, plant and equipment are
recognized in profit or loss as incurred.
3.2.3 Depreciation
Depreciation is charged on straight-line method on all fixed assets at the following rates per annum.
(a) Asset categories Rate of depreciation (%) Method of Depreciation
Furniture and fixtures 10% Straight-line

Equipment and computers 20% Straight-line
Vehicles 20% Straight-line
Building 2.50% Straight-line
(b) Depreciation begins when the asset is available for use and continues until the asset is derecognized.
Depreciation is charged to amortise the cost of assets over their estimated useful lives, using Straight-line
method in accordance with BAS-16 “Property, Plant & Equipment”.
(c) Upon retirement of items of fixed assets the cost and accumulated depreciation are eliminated from the
accounts and the resulting gains or losses, if any, are transferred to profit & loss account.
(d) Repairs and maintenance costs of fixed assets are treated as revenue expenditure and charged to profit &
loss account when incurred.
3.3 Investments
Investment in shares is stated at cost. Required provision is made for diminishing in value of investment. dividend
from investment is accounted for as income when right to receive is established.
Value of investments has been enumerated as follows:
Items Applicable accounting value
Unquoted Shares At cost less any impairment changes

Quoted Shares At cost price
(Considered on portfolio basis)
258
3.4 Employee Benefit
The employees of the company who have been deputed from Agrani Bank Limited are entitled to obtain provident
fund, pension fund and gratuity fund facility as per existing rules and regulations of Agrani Bank Limited. However,
the above facilities in favour of employees has paid to or adjusted with Agrani Bank Ltd.
3.5 Accounts Receivable

Accounts receivble are considered good and realizable.
3.6 financial Instruments

Financial Instruments includes non-derivative financial instruments such as cash and equivalents, other payables etc.
3.7 Provisions
Provisions is recognized in the balance sheet when the company has a legal or constructive obligation as a result
of past events, and it is probable that an outflow of economic benefits will be required to settle the obligation and
a reliable estimate can be made of the amount of the obligation as per BAS-37 ‘Provisions, contingent liabilities
and contingent assets’.
3.8 Revenue Recognition

Revenue is recognized in accordance with Bangladesh Accounting Standards (BAS)18: Revenue recognition,
unless otherwise mentioned or otherwise mentioned or otherwise guidedby the separate BAS/ BFRS.
3.9 Income from margin loan

Income from margin loan is recognized on accrual basis. Such income is calculated considering daily margin loan
balance of the respective parties.Income is recognized on quarterly rest.
3.10 Income from portfolio management fee
Income from management fee is recognized on accrual basis. Such income is calculated considering daily
portfolio balance of the respective parties. Income is recognized on quarterly rest.
3.11 Income from issue management fee, underwriting comission and corporate advisory fee
Income from issue management fee,underwriting comission and corporate advisory fee are recognized as income
when invoices are raised and accepted by the customers.
3.12 Capital gain on listed shares

Capital gain is recognized on the basis of relization. Unrealized gain/losses are recognized in the statement of
comprehensive income as per BSEC circular.
3.13 Revenue and expenditures

The accounting policies adopted for the recognition of revenue as prescribed by BAS 18- are as follows:
(a) Settlement fee is recognized at the time of buying & selling of shares of investors/clients on purchase price
and sells price @ 0.15 paisa per hundred Taka.
(b) Investment income is recognized on cash basis after sale of shares.
(c) Portfolio management fee is calculated on daily product basis on client’s per day’s average balance of
portfolio in a year @ 1% but charged on quarterly basis.
(d) Interest is calculated on daily product basis on client’s per day’s average balance of portfolio loan in a year
@ 13% & 15% (Existing and new client respectively) but charged on quarterly basis.
(e) Documentation charge is recognized at the time of opening of investor’s account.
(f) Interest on over draft account is calculated on daily product basis on per day’s average balance of over draft
account @ 8.50% from 01 January 2013 to 30 June 2013 and @ 5% from 01 July 2013 to 31 December 2013
but charged on quarterly basis.

3.14 Statement of Cash flows
Statement of Cash flows is prepared principally in accordance with BAS 7 “Cash Flow Statements”; under direct
method.
3.15 Taxation
3.15.1 Current tax

Provision for current tax is made on the basis of the profit for the year as adjusted for taxation purpose in
accordance with the provision of Income Tax Ordinance 1984 and subsequent amendments.
3.15.2 Deferred tax

Deferred tax is recorded under liability method as required by the BAS 12: Income Taxes for all the temporary
timing differences arising between the tax base of assets and liabilities and their carrying value for financial
reporting purposes. However, considering the temporary timing difference arised up to 31st December 2013
between the tax base of assets and liabilities no provision for deferred tax found to be required for the year.
3.15.3 Tax Deducted at Source

Tax deducted at source from various income of the company has been booked as advance payment of tax and
shown under current assets. Advance payment of tax is realizable (as refund) only on completion/agreement of
the respective year’s assessment.
3.15.4 Related party disclosure

As per BAS 24: Related Party Disclosure, parties are considered to be related if one has the ability to control or
exercise significant influence over other in making financial and operating decisions. Related party disclosure
have been given in note 30.
3.15.5 Events after reporting date

Events after the balance sheet date that provide additional information about the company’s position at the
balance sheet date are reflected in the financial statements. Events after the balance sheet date after the balance
date that are non adjusting events are disclosed in the notes when material.
3.16 Risk management

As a full fledged merchant bank licensed by Bagladesh Securities & Exchange Commission (BSEC), Argent Equity
& Investment Limited has a very significant exposure to Investors’ Discretionary Account (IDA)/ Margin Loan
Account in the capital market of Bangladesh. As the margin account involves a portion of loan (usually at a
specific ratio complied to BSEC directives), we require the investor to comply with the following documentation -
1. Detailed description of customer’s identity & contact address

2. Detailed description of customer’s profession & disposable income
3. A bank account statement of the customer to confirm the financial identification
4. Properly filled -up loan agreement along with BO account opening documents
5. Customer’s KYC profile to prevent money lauundering & terror financing activities
The risk associated with margin loan facillity is mitigated by following measues-
1. Maintain the specific margin loan rato complied to BSEC rules

2. No margin loan for any IDA before 15 working day from the account opening date
3. No margin loans for Z category shares
4. No margin loans for high P/E shares (usually beyond 40.00 P/E)
5. In special cases, we stop margin loan facility (even below 40.00) for the securities highly volatile & risky at
our discreation,
260
Amount in Taka
2013 2012
4. Property, plant and equipments
This represents the written down value of property, plant and equipments as on 31.12.2013. Movement of the
balance is as under:
Opening balance 8,661,939 2,737,752

Add: Addition made during the year 2,778 5,924,187
(A) Total: 8,664,717 8,661,939
Accumulated Depreciation:
Opening balance 1,174,252 320,246
Add: Charged during the year 1,142,283 854,006
(B) Total: 2,316,535 1,174,252
( C ) Written down value (A-B) 6,348,182 7,487,687

Details have been shown in annexure-A
5. Intangible Assets
This represents the written down value of Intangible Assets (Application Software) as on 31.12.2013. Movement of
the balance is as under:
Opening balance 1,448,893 1,348,893

Add: Addition during the year - 100,000
(A) Total: 1,448,893 1,448,893
Accumulated Depreciation/ Amotization:

Opening balance: 678,394 408,506
Add: Charged during the year 289,779 269,888
(B) Total: 968,173 678,394
(C ) Written down Values (A-B) 480,720 770,499

Details have been shown in annexure-A
6. Investment in shares & security

(a) Share Quoted
Opening Balance 4,161,190,797 2,948,654,650
Add: Purchases during the year 4,475,199,067 2,699,108,041
Sub total 8,636,389,864 5,647,762,691
Less: Sales during the year 2,610,625,445 1,486,571,894
Total: 6,025,764,419 4,161,190,797
(b) Placement Share (Share money deposit) 20,000,000 10,000,000
Total (a+b) 6,045,764,419 4,171,190,797
Investment in share & securiry hasa been valued at cost. market value of investment in shares & security as on 31
December 2013 is Tk. 4,018,763,979. ahainst unrealised loss of Tk. 2,027,227,581 (difference between cost and market
value). Provision has been made oof Tk. 1,014,138,679. reason of short provision has been explained is note-27.

Amount in Taka
2013 2012
7. Margin loan
Opening Balance 437,944,231 280,363,679
Add: Disbured during the year 274,959,815 473,266,004
712,904,045 753,629,683
Less: Recovered during the year 284,479,574 315,685,452
428,424,471 437,944,231
The margin loan comprises loans and advances given 465 number of clients of the company. The ratio of margin loan
is 1:1.5. The rate of interest of margin loan is 13%-15%. Thge unrealised loss on margin loan has been recognised
as per BSEC circular reference dated 30 september 2012 FxAKx/KxFoIJrKx/2009-193/136 which has also been shown in
note no. 26.
8. Accounts receivable
Receivable from broker 12,909,710 1,451,042
Less: Sale Proceeds in Transit 10,135,135 288,084
Total: 2,774,575 1,162,958
9. Dividend receivable
Opening Balance 14,846,055 4,419,856
Add : Addition during the year 22,792,870 19,009,040
37,638,925 23,428,896
Less : Received during the year 12,319,736 8,582,841
Closing Balance 25,319,188 14,846,055
This represents the dividend receivables from their investment in different shares and securities at the end of the
accounting period.
10. Advance, deposit & prepayment

Advance rent against office premises - 1,083,600
Sundry debtors 12,000 12,000
Total: 12,000 1,095,600
11. Advance Income tax

Opening Balance 6,918,426 5,739,450
Add: Disbursed during the year 15,475,701 9,282,868
22,393,927 15,022,318
Less: recovered during the year 6,789,941 8,103,892
15,603,985 6,918,426
12. Other assets
Security deposit with CDBL 200,000 200,000
Suspense Account (other) 7,300 15,000
Interest receivable from margin loan 3 2
Accrued portfolio management fee 3 1
Total: 207,306 215,003
262
Amount in Taka
2013 2012
13. Cash and bank balances
Cash in hand - -
Cash at Bank with Agrani Bank Ltd.:
STD A/c-314-1 39,414,670 348,006
STD A/c-308-0 1,421,052 6,747,904
CD A/c-14922-5 3,656,029 169,164
STD A/c-36000238 345,413 1,673,237
STD A/c-295-0 11,127 820,063
44,848,291 9,758,374
14. Share capital
a) Authorized capital:
50,000,000 ordinary shares of Tk 100 each 5,000,000,000 5,000,000,000
b) Issued, subscribed & paid-up capital:

20,000,000 ordinary shares of Tk 100 each 2,000,000,000 2,000,000,000
Details of the shareholdings are as under:
Name of the shareholder No. of Shares Amount Amount

Agrani Bank Limited 19999990 1,999,999,000 1,999,999,000
Prof. Dr. Khondoker Bazlul Hoque 1 100 100
Mr. A. K. Gulam Kibria 1 100 100
Engineer Md. Abdus Sabur 1 100 100
Mr. K.M.N. Manjurul Hoque Lablu 1 100 100
Mr. Syed Abdul Hamid 1 100 100
Prof. Dr. Md. Hasibur Rashid 1 100 100
Mr. Md. Obayed Ullah Al Masud 1 100 100
Mr. A.K.M. Mujibur Rahman 1 100 100
Mr. Mohammad Shams-ul Islam 1 100 100
Mr. Pankaj Roy Chowdhury 1 100 100
Total 20000000 2,000,000,000 2,000,000,000
15. Retained earnings
Opening balance (949,371,245) (831,461,483)

Add: Profit/ (Loss) for the year 109,214,724 (117,909,762)
Total: (840,156,521) (949,371,245)
16. Accounts Payable

Payable to ICB Securities Trading Company Ltd. (ISTCL) 2,753,436 1,200,436
Payable to (DCL) 1,269,284 495,589
Total: 4,022,720 1,696,025

Amount in Taka
2013 2012
17. Bank overdraft
Opening Balance 2,458,506,286 1,021,818,305
Add : Received during the year 2,620,582,706 2,102,915,712
5,079,088,992 3,124,734,017
Less : Repayment made during the year 872,442,662 666,227,731
Closing Balance 4,206,646,330 2,458,506,286
The above bank overdraft has been taken from Agrani Bank Limited, rate of interst of which is 8.50% for the period
from 1 January 2013 to 30 June 2013 and 5% for the period from 1 July 2013 to 31 December 2013.
18. Other Liabilities
CDBL custodian charge 246,500 12,000

Provision for CDBL transaction charges 8,766,924 8,835,094
Provision for Salary & Allowances 12,826,097 6,734,379
Provision for margin loan 94,961,504 94,961,504
Provision for unrealized loss in securities 1,014,138,679 1,014,138,679
Provision for tax on dividend 13,388,900 6,749,695
Provision for tax on capital gain 27,384,286 5,120,502
Provision for tax on operating Profit - 8,636
Deferred tax 939,795 939,795
Provision for other expenses 1,137,207 634,576
Tax Payable (Source Tax on Rent) 20,546 12,040
VAT payable 70,758 47,128
Sundry deposit 156,718 378,276
Miscellaneous 219,093 219,093
Interest suspense account 22,568,527 -
Total: 1,196,825,534 1,138,791,397
19. Fees, commissions, etc.
Settlement fee 1,508,575 2,572,338

Portfolio management fee 3,739,542 4,062,046
Total: 5,248,117 6,634,384
20. Capital gain on investment in shares
Profit realized on buying & selling of shares 273,842,862 51,205,021

Total: 273,842,862 51,205,021
21. Income from margin loan
Income from margin loan 25,119,813 47,663,860

Total: 25,119,813 47,663,860
264
Amount in Taka
2013 2012
22. Other operational income
Interest on STD A/C 1,117,531 300,603
Dividend 66,944,500 33,748,473
Documentation charge 6,000 8,500
Underwritting Commission 600,000 -
Total: 68,668,031 34,057,576
23. Administrative expenses

Closing Allowance 17,500 21,000
Printing & stationery 113,940 117,442
Paper and table stationery 3,997 7,396
Advertisement 25,000 5,000
Newspaper & periodicals 35,958 39,328
Entertainment 102,032 78,000
Stamps 620 3,570
Salaries (Officers) 2,705,870 3,156,230
Salaries (Staff) 180,645 173,985
Dearness Allowances (Officers & Staff) 275,216 -
Children education allowances 11,400 9,600
Bonus (Officers & Staff) 455,510 547,740
Bank contribution to provident fund 54,269 69,567
Bank contribution to employees pension fund 693,518 791,102
Bank contribution to employees gratuity fund 76,612 97,982
Conveyance allowances (Staff) 3,600 3,600
Personal pay 2,460 2,460
Washing charges 1,800 1,800
Medical allowances 107,800 128,100
Overtime expenses 26,040 22,277
Legal expenses 185,210 410
Lunch subsidy 603,450 528,150
House rent allowances (Officers) 1,413,156 1,646,346
House rent allowances (Staff) 109,863 105,867
Wages paid to temporary employees 198,000 162,312
Directors’ Fee 316,250 442,750
Directors’ allowances 60,000 60,000
Lighting charges 125,484 128,716
Rent on premises 3,149,664 3,149,664
Postages 3,968 9,199
Auditors fee 60,000 83,625
Depreciation on fixed assets 1,432,062 1,123,894
Repair and maintenance - furniture & fixture - 9,650
Repair and maintenance - office equipments 8,750 7,500
Repair and maintenance - computer 7,704 16,220

Amount in Taka
2013 2012
Repair and maintenance - motor vehicle 711,500 624,000
Repair and maintenance - software 348,000 300,000
Telephone bill 34,860 25,925
Telephone bill (residence) 24,094 16,379
Up-keep 101,365 99,937
Entertainment (Excluding Ceiling) 130,296 105,129
Conveyance 21,475 34,870
Book & periodicals 640 1,640
Trade license fee 33,115 39,010
Training expenses - 5,000
Registration fee for capital formation 5,000 -
Payment of listing fee - 100,000
Business development expenses 1,500 3,120
RJSC charges 3,374 2,258
Communication charge 175,762 69,000
Income tax advisor fee 30,000 17,250
Miscellaneous expenses 1,000 17,325
Deputation allowances 547,484 414,352
Service charge 106,068 108,658
Subscriptions 100,000 -
Total: 14,942,880 14,734,334
24. Operating expenses

CDBL expenses 2,148,631 1,571,753
Total: 2,148,631 1,571,753
25. Financial expenses

Bank charges & taxes 40,732 29,115
Interest on OD account 205,758,669 154,796,335
Total: 205,799,402 154,825,450
26. Provision for margin loan

Opening balance 94,961,503 20,951,556
Add: Provision made during the year - 74,009,947
Total: 94,961,503 94,961,503
Portfolio Loan Control accounts 428,440,471

Negative equity as at 31 december 2013 128,449,268
Margin loan without negative equity 31 December 2013 299,775,204
Provision for negative equity @ 100% 128,649,268
Provision for margin loan without negative equity @ 2% 5,995,504
Total unrealised loss for margin loan 134,644,772
266
Amount in Taka
2013 2012
Total unrealised loss for the year 2013 is Tk.134,644,772 according to the Bangladesh Securities and Exchange
commission BSEC. Circular ref-FxAKx/KxFoIJrIJrKxKc/2009-193/155 fJKrU- 9/12/2013, requirement of maintaning provision
against such loss has been extended up to next December 31,2014 with 20% provision on quarterly basis.As per such
guideline of BSEC the company is to make provision 20% on unrealized loss on investment in shares and securities.
The required provision in this regard as on December 31, 2013 was Tk 26,987,063. However, the company had an
outstanding balance of Tk 94,961,503/= as provision on underalized loss on investment in shares and securities as
on December 31, 2013. Since as per guideline of BSEC the company had excess provision in this regard at the end
of the year, no provision has been made during this year.
27. Provision for unrealized loss on security
Opening balance 1,014,138,679 1,014,138,679

Add: Provision made during the year - -
Total: 1,014,138,679 1,014,138,679
Unrealized loss of investment in shares and securities:
Cost of investment in shares and securities 6,025,762,791
Market value of investment in shares and securities 3,998,763,979
Total unrealized loss for the year 2013 2,026,998,812
Total unrealised loss for the year 2013 is Tk.2,026,998,812 according to the Bangladesh Securities and Exchange
commission BSEC. Circular ref-FxAKx/KxFoIJrIJrKxKc/2009-193/155 fJKrU- 9/12/2013, requirement of maintaning provision
against such loss has been extended up to next December 31,2014 with 20% provision on quarterly basis.As
per such guideline of BSEC the company is to make provision @ 20% on unrealized loss on investment in shares
and securities.The required provision in this regard as on December 31, 2013 was Tk 405,399,762. However, the
company had an outstanding balance of Tk 1,014,138,679/= as provision on underalized loss on investment in
shares and securities as on December 31, 2013. Since as per guideline of BSEC the company had excess provision
in this regard at the end of the year, no provision has been made during this year.
28. Provision for Tax
Provision for tax on capital gain @ 10% 27,384,286 5,120,502

Provision for tax on dividend received @ 20% 13,388,900 6,749,695
Total: 40,773,186 11,870,197
29. Earnings per Share (EPS):
Basic Earnings per Share

Profit/(Loss) for the year 109,214,724 (117,909,762)
No. of Ordinary share 20,000,000 20,000,000
5.46 (5.90)
30. Related Party Transaction
The fillowing parties are considersed to be related since they have the ability to control or exercise significant
influence over other in making financial and operationg decisions
Relation Mode of Relation

Agrani Bank Limited Parent Company 99.99% of shareholding
Agrani Bank Limited Lender Overdraft facility

Amount in Taka
2013 2012
31. Contingent liabilities

As at 31 December 2013 the company has no contingent liabilities.
32. Capital expenditure commitment
None at 31 December 2013
33. Claims against the company not acknowledged as debt
None at 31 December 2013
34. Number of Employees
The number of employees engaged for the whole year or part thereof who received a total of Tk. 36,000 per annum
of above was 13.
35 General
Previous year’s figure have been re-arranged, whereever necessary, to confirm to current year’s presentation.
268
Annexure-A
SCHEDULE OF FIXED ASSETS
as at 31 December 2013
(Amount in Taka)
Cost Depreciation
Written down
Disposal/ Disposal/ value as at
Particulars Balance as at Additions Balance as at Rate Balance as at Charged Balance as at
adjustment adjustment 31 December
1 January during the 31 December of 1 January during the 31 December
during the during the 2013
2013 year 2013 dep. 2013 year 2013
year year
Office Equipments 2,757,785 2,778.00 - 2,760,563 20% 676,943 551,868 - 1,228,811 1,531,752
Furniture & Fixtures 5,904,154 - - 5,904,154 10% 497,309 590,415 - 1,087,724 4,816,430
Intangible Assets 1,448,893 - - 1,448,893 20% 678,394 289,779 - 968,173 480,720
Balance as at December 31, 2013 10,110,832 2,778.00 - 10,113,610 1,852,646 1,432,062 - 3,284,708 6,828,902
Balance as at December 31, 2012 4,086,645 6,024,187 - 10,110,832 728,752 1,123,894 - 1,152,646 8,258,186

269
270
Agrani SME
Financing Company Limited

Independent Auditors’ Report to the Shareholders of
Agrani SME Financing Company Limited
We have audited the accompanying financial statements of Agrani SME Financing Company Limited which comprise
the balanced sheet as at ended 31 December, 2013 and the profit and loss account, statement of changes in equity and
statement of cash flows for the year then ended and a summary significant of accounting policies and other explanatory
information, disclosed in notes 1-21 to the Financial Statements.

Management is responsible for the preparation and fair presentation of these financial statements in accordance
with Bangladesh Financial Reporting Standards (BFRS) and Bangladesh Accounting Standards (BAS) adopted by the
Institute of Chartered Accountants of Bangladesh (ICAB), the Companies Act 1994, the Financial Institution Act 1993,
other applicable laws and regulations and for such internal control as management determines is necessary to enable
the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are
free from material misstatement.
statements. The procedures selected depend on our judgment, including the assessment of the risks of material
misstatements of the financial statements, whether due to fraud or error. In making those risk assessments, the
auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements.
We believe that our audit provides a reasonable basis of audit opinion.
Basis for Opinion

1. As disclosed in note 2.11 the company has reported that the Revenue Recognition has been made on cash received
basis which is not in agreement with BAS-1 “Presentation of Financial Statements”. The company’s explanation
regarding this treatment is as follows:
Revenue Recognition
“The areas specially in case of interest on loans and advances, all the employees related with the credit of the company
are habituated to accounting the interest income on realization basis as the practice of last 15 years inherited from
the SEDP project. Though the operations of the project have been taken over through the vendor’s agreement on
27th October 2011, but practically complete operational guideline in line with non-banking financial institution is yet
to be developed.”
2. As disclosed in note 7.1 of the accompanying financial statements where the provision for loans & advances has
arisen from 2% bad debt fund and 1% loan risk coverage fund and is being shown as a liability. This practice is being
followed as per Agrani Bank Limited circular no. sharibi/19 dated 27.03.2008.
Opinion
In our opinion, except for the effect of the matter described above the financial statements, prepared in accordance
with Bangladesh Financial Reporting Standards (BFRS) and Bangladesh Accounting Standards (BAS) adopted by the
Institute of Chartered Accountants of Bangladesh (ICAB), give a true and fair view of the state of the Company’s affairs
as of 31 December, 2013 and of the results of its operations and its cash flows for the period from 1st January, 2013 to
31 December, 2013 and comply with the applicable sections of the Companies Act 1994, the Financial Institution Act
1993, the rules and regulations issued by Bangladesh Bank, and other applicable laws and regulations.
272
Report on other Legal and Regulatory Requirements.
We also report that

a) We have obtained all the information and explanations which to the best of our knowledge and belief were
necessary for the purpose of our audit and made due verification thereof;
b) In our opinion proper books of account as required by law have been kept by the company so far as it
appeared from our examination of those books and proper returns adequate for the purpose of our audit
have been received from branches not visited by us;
c) The Company’s balance sheet and the profit and loss account together with the annexed notes from 1 to 21
dealt with by the report are in agreement with the books of account and returns;
d) the expenditure incurred were for the purpose of the company’s operations;
e) the financial position of the company as at 31 December 2013 and the profit for thed year then ended have
been properly reflected in the financial statements;
f) The financial statements have been drawn up in conformity with the Financial Institution Act 1993 and in
accordance with the accounting rules and regulations issued by the Bangladesh Bank;
g) adequate provisions have been made for advaces and other assets which are, in our opinion, doubtful or
recovery;
h) the records and statements submitted by the brances have been properly maintained and consolidated in the
financial statements;
i) the information and explanations required by us have been received and found satisfactory;
j) the company has complied with the relevant laws pertaining to reserves and maintenance of liquid assets.

Place: Dhaka
____________________ _________________________
(Hussain Farhad & Co.) (Masih Muhith Haque & Co.)

Balance Sheet
As at 31st December 2013
(Amount in Taka)
Notes As at December As at December
31st, 2013 31st, 2012
PROPERTY & ASSETS
Cash and equivalent: 829,446,139 775,810,609
Cash 5,075,353 28,618
In Hand 75,353 28,618
Balance with Bangladesh Bank and its agent bank 5,000,000 -
Balance with Other Banks and Financial Institution 3 824,370,786 775,781,991
Money at call and short notice: - -
Investments: - -
Loans and advances: 437,132,659 447,013,061
Loans, cash credit and overdraft etc. 4 437,132,659 447,013,061
Fixed assets, including Premises, furniture and fixtures 5 7,329,164 3,425,717
Other assets: 6 16,027,957 14,262,925
Non-financial institution assets:
Total assets 1,289,935,920 1,240,512,313
Liabilities:
Borrowings from other Banks, Financial Institutions and agents - -
Deposit and other accounts: - -
Other liabilities: 7 170,747,107 159,854,687
Total liabilities 170,747,107 159,854,687
Shareholders’ equity /capital:
Share Capital: 8 1,000,000,000 1,000,000,000
Statutory reserve 9 13,348,467 5,709,198
General reserve 10 54,731,264 54,731,264
Retained earnings / (Losses) 51,109,082 20,217,164

Contingent liabilities - -
Letters of guarantee - -
Irrevocable letters of credit - -
Indemnity Bond - -
Other commitments
Undisbursed contracted loans - -
Total Off-Balance Sheet Items - -

These financial statements should be read with the annexed notes.
______________________ ______________________ ______________________ ______________________

Chief Financial Officer Managing Director & CEO Director Chairman
Hussain Farhad & Co. Masih Muhith Haque & Co.


Place: Dhaka
274
For the year ended 31st December 2013
(Amount in Taka)
Notes For the year For the year
ended on 31st ended on 31st
December 2013 December 2012
Operating income
Interest income 11 125,995,639 89,989,059
Interest paid on deposits, borrowings etc. - -
Net interest income 125,995,639 89,989,059

Other operating income 12 4,356,860 156,039
Total operating income (A) 130,352,499 90,145,098
Operating expenses
Salaries and allowances 13 44,135,498 29,550,444
Rent, taxes, insurance, electricity etc. 14 3,229,943 2,758,404
Postage, stamp, telecommunication etc. 15 240,102 166,606
Legal Expenses 5,590 5,480
Stationery, printing, advertisement etc. 16 1,379,401 1,169,990
Chief Executive officer’s salaries and allowances 17 120,000 120,000
Directors’ fees 18 384,000 395,000
Auditors’ fees 126,000 120,000
Depreciation of bank’s assets 1,381,142 498,104
Other expenses 19 9,383,245 5,715,870
Total operating expenses (B) 60,384,921 40,499,898
Profit/(Loss) before amortization, provision & tax (C)=(A-B) 69,967,579 49,645,200
Provision for loans and advances - -
Other provision - -
Total provision (F) - -
Net profit/(loss) before tax (G)= (C+F) 69,967,579 49,645,200
Provision for tax 31,771,233 21,099,210
Current tax 29,736,221 21,099,210
Prior Year tax 1,880,693
Deferred tax 154,319 -
Net profit/(loss) after tax 38,196,346 28,545,990
Less: Appropriations 7,639,269 5,709,198
Transferred to statutory reserve 7,639,269 5,709,198
Transferred to general reserve - -
Retained surplus 30,557,077 22,836,792
Earnings Per Share (EPS) 3.82 2.85
These financial statements should be read with the annexed notes
______________________ ______________________ ______________________ ______________________



Place: Dhaka

Statement of Cash Flows
(Amount in Taka)
Jan-Dec, 2013 Jan-Dec, 2012
Cash flows from operating activities
Interest receipts in cash 125,995,639 99,885,673
Interest payments - -
Cash payment to employees (44,135,498) (24,509,691)
Cash receipts from other activities 4,356,860 156,039
Receipts from other operating activities - -
Payments for other operating activities (14,533,442) (10,137,737)
Income Tax Paid (31,771,233) (6,135,268)
Operating profit / (loss) before changing operating assets and liabilities 39,912,327 59,259,016
(Increase) / decrease in operating assets (210,208,214) (62,061,070)
Loan to customers (210,208,214) (103,673,323)
Receivable form Agrani Bank Ltd. - 41,612,253
Increase/(decrease) in operating liabilities 230,981,037 174,598,262

Deposit from customers - -
Other liabilities 10,892,420 17,340,114
Loan recovered from customers 220,088,617 157,258,148
Net cash from operating activities (A) 60,685,150 171,796,208

Other Asset (1,765,032) -
Sales/(Purchase) of properties, plant & equipment (5,284,589) (3,088,228)
Net cash from investing activities (B) (7,049,621) (3,088,228)
-
Payment of long term borrowings - -
Share money Received during the period - 100,000,000
Net cash from financing activities (C) - 100,000,000
Net increase in cash and cash equivalents (A+B+C) 53,635,529 268,707,980

Cash and cash equivalents at the beginning of the period 775,810,609 507,102,629
Cash and cash equivalents at the end of the period 829,446,139 775,810,609
______________________ ______________________ ______________________ ______________________



Place: Dhaka
276
(Amount in Taka)
Revaluation
Paid up Reserve on Statutory General Retained
Particulars Total
Capital Government Reserve Reserve Earnings
Securities
Opening Balance as at 1 January 2013 1,000,000,000 - 5,709,198 54,731,264 20,217,164 1,080,657,626
Prior Year Adjustments (Note: 20) - - - - 334,841 334,841
Adjustment of Advance Tax - - - - - -
Restated balance 1,000,000,000 - 5,709,198 54,731,264 20,552,005 1,080,992,467
General reserve - -
Surplus/deficit on account of revaluation of properties - - - - - -
Bonus share issue - - - - - -
Issue Right Share - - - - - -
Net profit for the year ended 31st December 2013 - - - - 38,196,346 38,196,346
Statutory Reserve - - 7,639,269 - (7,639,269) -
Total Balance as at 31 December 2013 1,000,000,000 - 13,348,467 54,731,264 51,109,082 1,119,188,813
______________________ ______________________ ______________________ ______________________



277
Place: Dhaka
278
Liquidity Statement
(Amount in Taka)
Note more than 1 1-3 months 3-12 months Above 5 years

Particulars 1-5 years term Total
month term term term term
ASSETS
Cash in hand (including balance with Bangladesh Bank) 5,075,353 - - - - 5,075,353
Balance with other banks and financial institutions 146,576,612 56,241,859 621,552,316 - - 824,370,787
Money at call and short notice - - - - - -
Investments - - - - - -
Loans, advances and leases 14,301,068 29,702,219 107,007,995 284,921,287 1,200,090 437,132,659
Fixed assets - - - - 7,329,164 7,329,164
Other assets - - - 16,027,957 - 16,027,957
Total Assets 165,953,033 85,944,078 728,560,311 300,949,244 8,529,254 1,289,935,920
LIABILITIES
Borrowing from other banks and financial institutions - - - - - -
Deposits and other accounts - - - - - -
Provision and other liabilities - - - - 170,747,107 170,747,107
Total Liabilities - - - - 170,747,107 170,747,107
Net Liquidity Gap 165,953,033 85,944,078 728,560,311 300,949,244 (162,217,853) 1,119,188,813

Notes to the Financial Statements
1 BACKGROUND INFORMATION
1.1 Establishment and status of Agrani SME Financing Company Limited

The Agrani SME Financing Company Limited (the Company) has been incorporated as a public limited Company
on 27 October, 2010 vide certificate of incorporation No. C- 87827/10. The company has taken over the ongoing
work of Small Enterprise Development Project (A Norway and Agrani Bank funded Project of Ministry of Finance,
Bangladesh) on a going concern basis through a Vendor’s Agreement signed between the Ministry of Finance of
the People’s Republic Bangladesh , the Board of Directors on behalf of the Agrani Bank Limited and the Board of
Directors on behalf of the Agrani SME Financing Company Limited on 27 December, 2011. The company has set
31 December, 2011 as the effective date of handing over the SEDP operation to Agrani SME Financing Company
Limited. The Company’s current shareholdings comprise the Agrani Bank Limited and six other shareholders
nominated by the Bank. The company has 41 branches as on 31 December, 2013 (with no overseas branch).
1.2 Nature of business
The principal activities of the company are providing support to Small and Medium Enterprises all over the
country through training programme on limited basis and providing loan to the customers.
2 SIGNIFICANT ACCOUNTING POLICIES

The financial statements have been prepared on a going concern basis following accrual basis of accounting except
for cash flow statement which is stated at in accordance with the Companies Act 1994, the Financial Institutions
Act 1993, Securities and Exchange Commission’s Rules, International Accounting Standards (IAS) and International
Financial Reporting Standards (IFRS) as adopted in Bangladesh by the Institute of Chartered Accountants of
Bangladesh as Bangladesh Accounting Standards (BAS) and Bangladesh Financial Reporting Standards (BFRS),
except for the circumstances where local regulations and other applicable laws and regulations differ.
The presentation of the financial statements has been made as per the requirements of DFIM Circular No.: 11,
dated December 23, 2009 issued by the Department of Financial Institutions and Markets of Bangladesh Bank.
The activities and accounting heads mentioned in the prescribed form, which are not applicable for the financial
institutions, have been excluded in preparing the financial statements.
2.02 Basis of measurement
These financial statements have been prepared based on Bangladesh Accounting Standards (BAS) and
Bangladesh Financial Reporting Standards (BFRS) and no adjustment has been made for inflationary factors
affecting the financial statements. The accounting policies, unless otherwise stated, have been consistently
applied by the Company and are consistent with those of the previous year.
2.03 Disclosure of deviations from few requirements of BAS/BFRS due to mandatory compliance of Bangladesh
Bank’s requirements
Bangladesh Bank (the local Central Bank) is the prime regulatory body for Non-Banking Financial Institutions
(NBFI) in Bangladesh. The Company has departed from those contradictory requirements of BAS/BFRS in order
to comply with the rules and regulations of Bangladesh Bank.
Bangladesh Bank has issued template for financial statements which will strictly be followed by all banks and
NBFIs. The templates of financial statements issued by Bangladesh Bank do not include ‘Other Comprehensive
Income (OCI)’ nor are the elements of Other Comprehensive Income allowed to be included in the Single
Comprehensive Income (OCI) Statement. As such the company does not prepare the other comprehensive
income statement. However, the company does not have any elements of OCI to be presented.
2.04 Presentation and functional currency and level of precision
The financial statements are presented in Bangladesh Taka (BDT) currency, which is the Company’s functional
currency. All financial information presented in BDT has been rounded off to the nearest BDT.
The preparation of financial statements in conformity with Bangladesh Accounting Standards (BAS) and
Bangladesh Financial Reporting Standard (BFRS) requires management to make estimates and assumptions
that effect the reported amounts of assets, liabilities, revenue and expenses. It also requires disclosures of
contingent asset and liabilities at the date of the financial statements.

The most critical estimates and judgments are applied to the following:
- Provision for impairment of loans,
- Gratuity
The estimates and associated assumptions are based on historical experience and various other factors that are
believed to be reasonable under the circumstances, the result of which form the basis of making the judgments
about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates. However, the estimates and underlying assumptions are reviewed on an ongoing
basis and the revision is recognized in the period in which the estimates are revised.
2.06 Directors’ responsibility statement
The Board of Directors takes the responsibility for the preparation and presentation of these financial statements.
2.07 Branch accounting
The Company has 41 branches with no overseas branch as on December 31, 2013. Accounts of the branches are
maintained at the head office from which these accounts are drawn up.
2.08 Accounting period
The financial period of the company covers period from 1st January 2013 to 31st December 2013.
2.09 Loans and advances
2.09.1 Presentation of loans and advances
Loans and advances are initially recognized at fair value, representing the cash advanced to the borrower plus
the net of direct and incremental transaction costs and fees. They are subsequently measured at amortized cost
shown at gross amount.
2.09.2 Provision for loans and advances
Provision for loans and advances has been made on the basis of instructions contained in Bangladesh Bank
BRPD Circular no.05 dated June 05, 2006 in relation with BCD Circular no.34 dated November 19, 1989, BCD
Circular no. 20 dated December 27, 1994, BCD Circular no. 12 dated September 4, 1995, BRPD Circular no. 16
dated December 6, 1998, BRPD Circular no. 9 dated May 14, 2001, BRPD Circular no. 09 dated August 20, 2005
and BRPD Circular no. 17 dated December 06, 2005.
2.10 Fixed assets and depreciation
i) Recognition and measurement (Owned assets)
Items of own property and equipment are measured at cost less accumulated depreciation and any accumulated
impairment losses. The cost of an asset comprises its purchase price and any directly attributable costs of
bringing the assets to its working condition for its intended use as per Bangladesh Accounting Standard (BAS)
16 “Property, Plant and Equipment”.
ii) Recognition and measurement
Subsequent expenditure is capitalized only when it increases the future economic benefit from the assets and
that cost can be measured reliably. All other expenditures are recognized as an expense as and when they are
incurred.
iii) Depreciation
Depreciation is charged to amortize the cost of assets, over their estimated useful lives, using the straight-line
method in accordance with BAS-16 “Property, Plant and Equipment”. Full depreciation is charged on addition
irrespective of date when the related assets are put into use and no depreciation is charged from the month of
disposal. Asset category wise depreciation rates are as follows:
Furniture and Fixturs 10%
Motor vehicles 20%
Office equipment 20%
Electric materials 20%
Computer and computer accessories 20%
The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sale
proceeds and the carrying amount of the asset and is recognized in the profit and loss account. Depreciation
methods, useful lives and residual values, if any are reviewed at the balance sheet date.
280
The areas specially in case of interest on loans and advances, all the employees related with the credit of the
company are habituated to accounting the interest income on realization basis as the practice of last 15 years
inherited from the SEDP project. Though the operations of the project have been taken over through the
vendor’s agreement on 27th October 2011, but practically complete operational guideline in line with non-
banking financial institution is yet to be developed.
Other revenues:
Other charges on services rendered by the company are recognized as and when services are rendered.
2.12 Accounts receivable
Accounts receivable at the balance sheet date is stated at amounts which are considered realizable. Specific
allowance is made for receivable considered to be doubtful for recovery.
2.13 Cash flow statements
The cash flow statement is prepared using the direct method as stipulated in Bangladesh Accounting Standard
(BAS) 7 “Cash Flow Statements”.
2.14 Write off:
Write-off describes a reduction in recognized value. It refers to recognition of the reduced of zero value of an
asset. Generally, it refers to an investment for which a return on the investment is not possible or unlikely. The
item’s potential return is thus canceled and removed from (“written off”) the Company’s balance sheet.
2.15 Employees benefit obligation
As disclosed in note no. 7.2 to the financial statements, the company maintains Gratuity Fund. Legal formalities
relating to Gratuity Fund has yet to be done.
2.16 Taxation
i) Deferred tax
Deferred tax has been calculated and accounted for in accordance with Bangladesh Accounting Standard - 12,
Income Taxes
ii) Current tax
Provisions for current tax has been made on the basis of the profit for the year as adjusted for taxation purposes
in accordance with the provisions of Income Tax Ordinance, 1984 and amendments made thereto. The current
tax rate for the Company is 42.5% on taxable income.
Cash and cash equivalents comprise cash in hand, cash at bank and term deposits that are readily convertible to
a known amount of cash and that are subject to an insignificant risk of change in value.
2.18 Earning per share (EPS)
The Company calculates earning per share in accordance with Bangladesh Accounting Standards (BAS) 33
“Earnings Per Share” which has been shown in the face of the Profit and Loss Account.
2.19 Business commitments and contingencies
There was no capital expenditure contracted but not incurred or provided for at 31 December 2013 (2012: nil).
There was no material capital expenditure authorized by the Board but not contracted for at 31 December 2013.The
Company had no claim, legal or other, against it which has not been acknowledged as debt at the balance sheet date.
2.20 Related party disclosure
As per Bangladesh Accounting Standards (BAS) 24 “Related Party Disclosures”, parties are considered to be related if
one of the party has the ability to control the other party or exercise significant influence over the other party in making
financial and operating decisions. The Company carried out transactions in the ordinary course of business on an arm’s
length basis at commercial rates with its related parties. Related party disclosures have been given in note 6.1 & 7.4.
2.21 Contingent liabilities and contingent assets
A contingent liability is a probable obligation that arises from past events whose existence will be confirmed
by occurrence or non-occurrence of uncertain future events not within the control of the Company or a present
obligation that is not recognized because outflow of resources is not likely or obligation cannot be measured
reliably. At the end of the balance sheet date the company does not have any contingent liability and contingent
asset to recognize and disclose.

2.22 Particulars of audit committee
The audit committee of the Board was duly constituted by the Board of Directors of the Company in accordance
with the Bangladesh Bank’s DFIM circular no. 13 dated October 26, 2011.
The Audit Committee of the Board of Directors consisted of the following 5 (five) members of the Board:
SL Name Designation
1 Mrs. Khondker Sabera Islam Chairman
2 Mr. Obayed Ullah Al-Masud Member
3 Mr. A. K. M. Abdur Rafique Member
4 Mr. Haradhan Chandra Das Member
5 Mr. A.K.M. Mujibur Rahman Member
2.23 Foreign remittance
There was no foreign remittance during the year 2013.
2.24 Liquidity statement
The liquidity statement has been prepared in accordance with remaining maturity grouping of Assets and
Liabilities as of the close of the year as per following bases:
a) Balance with other bank and financial institutions are on the basis of their maturity term.
b) Loans and advances are on the basis of their repayment/maturity schedule.
c) Fixed assets are on the basis of their useful lives.
d) Other assets are on the basis of their adjustment terms.
e) Other liabilities are on the basis of their settlement terms.
2.25 Status of compliance of Bangladesh Accounting Standards.
In preparing the Financial Statements, Agrani SME Financing Company Limited applied following BAS:
Name of the BAS BAS No. Status

Presentation of Financial Statements 1 *
Inventories 2 N/A
Cash Flow Statements 7 Applied
Accounting Policies, Changes in Accounting Estimates and Errors 8 Applied
Events after the Balance Sheet Date 10 Applied
Construction Contracts 11 N/A
Income Taxes 12 Applied
Property, Plant and Equipment 16 Applied
Leases 17 N/A
Revenue 18 Applied
Employee Benefits 19 Applied
Accounting for Government Grants and Disclosure of Government Assistance 20 N/A
The Effects of Changes in Foreign Exchange Rates 21 N/A
Borrowing Costs 23 N/A
Related Party Disclosures 24 Applied
Accounting and Reporting by Retirement Benefit Plans 26 N/A
Consolidated and Separate Financial Statements 27 N/A
Investment in Associates 28 N/A
Interests in Joint Ventures 31 N/A
Financial Instruments: Disclosure and Presentation 32 *
Earnings per share 33 Applied
Interim Financial Reporting 34 Applied
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied
Financial Instruments: Recognition and Measurement 39 *
Investment Property 40 N/A
Agriculture 41 N/A
*As the regulatory requirements differ with the standards, relevant disclosures are made in accordance with
Bangladesh Bank’s requirements (please see note 2.03).
N/A= Not applicable.
282
2.26 BASEL II & Its implementation
To cope with the international best practices and to make the capital more risks sensitive as well as more shock
resilient, guidelines on ‘Basel Accord for Financial Institutions (BAFI)’ have been introduced from 01 January
2012 on test basis by the Bangladesh Bank. At the end of test run period, Basel Accord regime has started
and the guidelines namely “Prudential Guidelines on Capital Adequacy and Market Discipline for Financial
Institutions (CDMD)” have come fully in force from January 01, 2012 with its subsequent supplements/revisions.
Instructions regarding Minimum Capital Requirement (MCR), Adequate Capital, and Disclosure requirement
as stated in these guidelines have to be followed by all FIs for the purpose of statutory compliance. As per
CDMD guidelines Financial Institutions should maintain a Capital Adequacy Ratio (CAR) of minimum 10%. In
line with CDMD guideline’s requirement, Agrani SME Financing Company Limited is aware to ensure timely
implementation of BASEL II accord.
2.27 Financial risk management
Agrani SME Financing Company Limited always concentrates on delivering high value to its stakeholders
through appropriate tradeoff between risk and return. A well structured and proactive risk management system
is in place within the Company to address risk relating to credit, market, liquidity and operations. In addition
to the industry best practices for assessing, identifying and measuring risks, the Company is also committed
to follow the guidelines for managing core risk of financial instructions issued by the Country’s Central Bank,
Bangladesh Bank, vide FID Circular No. 10 dated September 18, 2005 for management of risk.
Credit risk
To encounter and mitigate credit risk the company employed multilayer approval process, policy for customers
maximum asset exposure limit, mandatory search for credit report from Credit Information Bureau, looking into
payment performance of customer before financing, annual review of clients, vigorous monitoring and follow
up, taking collateral, seeking external legal opinion, maintaining neutrality in politics and following arm’s length
approach in related party transactions, regular review of market situation and industry exposure etc.
Market risk
The Company regularly meets to assess the changes in interest rate, market conditions, carry out asset liability
maturity gap analysis, re-pricing of products and thereby takes effective measures to monitor and control interest
rate risk, The Company has also strong access to money market and credit lines at a competitive rate through
good reputation, strong earnings and financial strength.
Liquidity Risk
Liquidity requirements are managed on a day-to-day basis by the Company which is responsible for ensuring
that sufficient funds are available to meet short term obligations, even in a crisis scenario, and to maintain a
diversity of funding sources. The Company maintains liquidity based on historical requirements, anticipated
funding requirements from operation, current liquidity position, collections from financing, available sources of
funds and risks and returns.
Operational Risk
Appropriate internal control measures are in place, at Agrani SME Financing Company Limited, to address
operational risks. Agrani SME Financing Company Limited is planning to establish an internal control &
compliance department (ICCD) to address operational risk and to frame and implement policies to encounter
such risks. Though at present the company does not have any internal control and compliance department but
experienced people are engaged to assess operational risk across the Company as a whole and ensures that an
appropriate framework exists to identify, access and manage operational risk.
2.28 Expenses
In terms of the provision of the Bangladesh Accounting Standard (BAS-1) Presentation of Financial Statements,
all expenses are recognized on accrual basis.

2.29 Particulars of Directors and their interest in the Agrani SME Financing Company Limited (31-12-2013)
Date of original No. of shares held in

Name and address Status
appointment the Bank
Mr. Syed Abdul Hamid Chairman and Director 26/07/2010 9,999,988

(Representing Agrani Bank Ltd.)
Mrs. Khondker Sabera Islam Director 26/07/2010 2
Mr. Md. Mofazzal Hossain Director 11/08/2011 2
Mr. A. K. M. Abdur Rafique Director 26/07/2010 2
Mr. Obayed Ullah Al-Masud Director 29/02/2012 2
Mr. Haradhan Chandra Das Director 29/02/2012 2
Mr.A.K.M. Mujibur Rahman Managing Director and 26/07/2010 2

Chief Executive Officer
2.30 Name of the Directors and their interest in different entities (31-12-2013)
Designation with Entities where they have Position with

Name of the Directors
Company interest the Entities
Mr. Syed Abdul Hamid Chairman and Agrani Bank Limited Managing Director and
Director Chief Executive Officer
Mrs. Khondker Sabera Islam Director Independent Director outside Ex-Deputy Managing
of Agrani Bank Limited Director
Mr. Md. Mofazzal Hossain Director Agrani Bank Limited Ex - Deputy Managing
Director
Mr. A. K. M. Abdur Rafique Director Independent Director outside Research fellow

of Agrani Bank Limited
Mr. Obayed Ullah Al-Masud Director Agrani Bank Limited Deputy Managing
Director
Mr. Haradhan Chandar Das Director Agrani Bank Limited General Manager
Mr. Nazrul Islam Farazi Director Agrani Bank Limited General Manager
Mr.A.K.M. Mujibur Rahman Managing Agrani Bank Limited Deputy Managing

Director and Chief Director
Executive Officer
2.31 Comparative Information:
Comparative information have been disclosed in respect of year ended from 01 January 2012 to 31 December
2012 for all numerical information in the financial statements and also the narratives and descriptive information
when it is relevant for understanding of the current year’s financial statements.
2.32 Incentive Bonus:
Incentive bonus amounting to Taka 6,000,000 is charged against current year’s profit as per confirmation from
the management.
284
As at 31st As at 31st
December December
(Amount in Taka) (Amount in Taka)
2013 2012
3 Balance with Other Banks and Financial Insititution 824,370,786 775,781,991
Short term deposit (Note-3.1) 147,166,407 130,125,959
Fixed deposit (Annexure 1) 677,204,379 645,656,032
3.1 Balance with Other Banks and Financial Insititution
Local currency (Note-3.1.1) 147,166,407 130,125,959
Foreign currencies (Annexure 2) - -
3.1.1 Local currency 147,166,407 130,125,959
Faridpur 69,708,784 57,103,820

Mymensingh 51,059,996 48,047,052
Head office- Dhaka 26,397,627 24,975,087
3.2 Cash Reserve Requirement (CRR) and Statutory Liquidity Reserve (SLR)
Cash Reserve Requirement and Statutory Liquidity Reserve have been calculated and maintained in accordance
with Financial Institution Act, 1993 & Financial Institution Regulations 1994 and FID Circular No. 06 dated
November 06, 2003 and FID Circular No. 02 dated November 10, 2004. The companies do not have any term
deposit, therefore there is no scope of maintaining Cash Reserve Requirement (CRR).
Statutory Liquidity Reserve (SLR) has been calculated at the rate of 5.0% on total liabilities. SLR is maintain in
liquid assets in the form of cash in hand (notes & coin in BDT). From January 2013, the company is maintaining
a account with Bangladesh Bank where sufficient amount to maintain the Statutory Liquidity Reserve (SLR) has
been deposited. As on 31 December 2013 the balance was Tk. 50,00,000.
4 Loans, cash credit and overdraft etc. (Annexure 3) 437,132,659 447,013,061
4.1 Sector wise details of loans and advances
i) Agricultural industries 167,190,444 174,739,999
ii) Textiles, Apparels & Accessories 4,019,003 330,370
iii) Food and Beverage 5,798,487 4,599,806
iv) Pharmaceuticals 137,020 2,402,224
v) Leather & Leather Products, Chemicals 405,039 981,247
vi) Power, Energy & Engineering 5,314,120 14,248,928
vii) IT & Services 1,004,323 3,258,350
viii) Transportation 1,094,105 632,540
ix) Other industries 22,171,200 27,581,639
x) Trade & Commerce 229,998,917 218,237,958
Total 437,132,659 447,013,061
4.2 Loans and advances geographical location-wise
Urban 32,376,922 32,369,287
Faridpur 224,865,355 242,684,862
Mymensingh 179,890,382 171,958,912
Total 437,132,659 447,013,061
4.3 Details of large loan / investments
There were no clients with outstanding amount and classified loans/investments exceeding 15% of total capital
of the financial institution.
4.4 Particulars of Loans and advances
i) Loans and advances considered good in respect of which the 71,597,950 63,282,000
financial institution is fully secured
ii) Loans and advances considered good against which the financial 5,689,669 4,991,000
institution holds no security other than the debtors’ personal
guarantee.
iii) Loans and advances considered good secured by the personal 341,916,040 378,740,061
undertaking of one or more parties in addition to the personal
guarantee of the debtors.

2013 2012
iv) Loans and advances adversely classified; provision not maintained 17,929,000 -
there against
v) Loans and advances due by directors or officers of the financial institution - -
or any of them either separately or jointly with any other persons.
vi) Loans and advances due from companies or firms in which the directors - -
of the financial institution have interest as directors, partners or managing
agents or in case of private companies, as members
vii) Maximum total amount of advances including temporary advances made at - -
any time during the year to directors or managers or officers of the financial
institution or any of them either separately or jointly with any other person.
viii) Maximum total amount of advances including temporary advances granted - -
during the year to the companies or firms in which the directors of the financial
institutions have interest as directors, partners or managing agents or in the
case of private companies, as member
ix) Due from bank and financial institutions - -
Total outstanding 4.5 437,132,659 447,013,061
x) Classified Loans and advances
a) Classified Loans and advances on which interest has not 4.5 37,993,000 44,143,000
been charged
b) Provision on bad Loans and advances 4.6 53,306,720 62,928,232
c) Amount of written off Loans and advances - -
Total amount realized against loans and advances previously - -
written off
d) Provision kept against loans and advances classified as bad - -
debts
e) Interest credited to Interest Suspense Account - -
xi) Cumulative amount of written off Loans and advances - -
Opening Balance - -
Amount written off during the year - -
The amount of written off Loans and advances for which law
suits have been filed.
4.5 Classification of loans, advances and leases
Unclassified:
Standard loan 368,071,659 377,183,061
Special mention account (SMA) 31,068,000 25,687,000
Sub. Total 399,139,659 402,870,061
Classified
Sub-standard 8,608,000 5,866,000
Doubtful 3,338,000 3,640,000
Bad / Loss 26,047,000 34,637,000
Sub. Total 37,993,000 44,143,000
Total 437,132,659 447,013,061
4.6 Particulars of required provision for loans and advances
General Provision Base for Required
Rate
provision provision
Loans and Advances(Excluding SMA) 0.25% 368,071,659 920,179

Special mention account (SMA) 5% 31,068,000 1,553,400
Sub. Total 2,473,579
Specific Provision
Sub-standard 20% 6,331,000 1,266,200
Doubtful 50% 2,855,000 1,427,500
Bad / Loss 100% 20,394,000 20,394,000
Sub. Total 23,087,700
Total 25,561,279
Required provision for loans and advance 25,561,279 34,021,781
Total provision maintained (Note 7.1) 52,841,033 62,928,232
Excess / (short) provision at 31 December, 2013 27,279,754 28,906,451
286
5 Fixed assets,Including Premises, Furniture and Fixtures
(Amount in Taka)
Value at cost Depreciation

SL Rate Accumulated Written
Name of assets
No. % depreciation down value
Opening Addition Disposal Closing Opening Charged Adjustment Closing
1 Motor vehicles 499,953 - - 499,953 20% 99,991 99,991 - 199,981 199,981 299,972
2 Computers 403,249 3,187,304 - 3,590,553 20% 80,650 718,111 - 798,760 798,760 2,791,793
3 Furniture and fixtures 3,052,245 1,738,800 - 4,791,045 10% 398,046 479,105 - 877,151 877,151 3,913,894
4 Other equipment 61,114 82,985 - 144,099 20% 12,223 28,820 - 41,043 41,043 103,056
5 Electrical equipment 82 275,500 - 275,582 20% 16 55,116 - 55,133 55,133 220,449
Balance as at 31 December 2013 4,016,643 5,284,589 - 9,301,232 - 590,926 1,381,142 - 1,972,068 1,972,068 7,329,164
Balance as at 31 December 2012 928,415 3,088,228 - 4,016,643 - 92,822 498,104 - 590,926 590,926 3,425,717

287
2013 2012
6 Other assets 16,027,957 14,262,925
Security deposit 1,000 1,000

Tax Deducted at Sources 7,729,786 6,081,379
Receivable from Agrani Bank Limited 6.1 7,322,127 7,322,127
DPO current account -Mymensingh 593,532 529,065
DPO current account -Faridpur 381,512 329,355
6.1 Receivable from Agrani Bank Limited 7,322,127 7,322,127

Opening balance during the year 7,322,127 48,934,380
Receivable on account of revolving fund during the period - -
Received during the year - (41,612,253)
Closing balance during the year 7,322,127 7,322,127
7 Other liabilities 170,747,107 159,854,687
Provision for loans and advances 7.1 52,841,033 62,928,232

Gratuity fund 7.2 16,737,804 14,362,766
Provision for expenses 7.3 303,800 421,741
Provision for incentive bonus 6,000,000 2,007,268
Payable to Agrani Bank (Reimbursement of bank staff benefits) 23,300 30,300
Provision for CPF 1,295,797 370,660
Provision for Super Annulations Fund 2,569,949 721,150
Provision for Vehicle Loan 665,739 195,092
Provision for Staff House Building Loan 1,892,001 564,280
Provision for Computer Loan 49,200 24,800
Provision for Gratuity 148,572 756,473
Provision for Deferred tax 154,319 -
Mymensingh Zonal office 84,670
Faridpur Zonal office - 18,354
Benevolent fund 53,080 15,420
Income tax Payable 9,008 35,396
VAT Payable - 1,624
Payable to Agrani Bank 7.4 55,672,663 55,672,663
Provision for Current tax 7.5 31,616,914 21,099,210
CPO Current Account 509,257 509,257
Provision for audit fees 120,000 120,000
7.1 Provision for loans and advances 52,841,033 62,928,232
Opening balance at January 01, 2013 62,928,232 52,612,818

Add: Addition during the period
Risk fund 2% 11,949,375 8,574,289
Risk Coverage Fund 1% 3,620,325 1,741,125
Less: Write off Loan & Advance (25,656,899) -
Closing balance at December 31 , 2013 52,841,033 62,928,232
The provision for loans and advances has arisen from 2% bad debt fund and 1 % loan risk coverage fund and is a
liability as per Agrani Bank Limited circular no. sharibi/19 dated 27.03.2008 adopted and practiced by the company.
288
2013 2012
7.2 Provision for gratuity fund 16,737,804 14,362,766
Opening balance at January 01, 2013 14,362,766 12,320,332

Add: Transfer during this period 696,080 670,780
Add: Interest on Gratuity Fund FDR 1,678,958 1,667,956
Less: Payment during the period - (296,302)
Closing balance at December 31 , 2013 16,737,804 14,362,766
7.3 Provision for expenses 303,800 421,741

Opening balance at January 01, 2013 421,741 510,000
Add: Addition during the period 153,800 271,741
Less: Transfer during the period (271,741) (360,000)
Closing balance at December 31 , 2013 303,800 421,741
7.3.1 Provision for expenses added during this period 153,800 271,741
Provision for Closing expenses 68,600 68,600
Provision for Consultancy fee 50,000 50,000
Provision for lunch subsidy 25,200 25,200
Provision for director allowance 10,000 10,000
Provision for rates & taxes - 117,941
7.4 Payable to Agrani Bank Limited Tk. 55,672,663
This represents payable to Agrani Bank Limited on account of final settlement of outstanding loan and advance
and interest thereon as on the dates of closing of loan giving activities jointly with the company by the Agrani Bank
Limited The account has been taken as determined by the Agrani Bank Limited., item wise detailed calculation
and reconciliation of the balance is yet to be completed.
7.5 Provision for Current Tax 31,616,914 21,099,210
Current Year Tax 29,736,221 21,099,210
Prior Year Tax 1,880,693 -
8 Share capital
8.1 Authorized Capital : 5,000,000,000 5,000,000,000
The authorized capital of the company is Taka 5,000,000,000 divided into 50,000,000 ordinary shares of Taka.
100.00 each.
8.2 Issued, subscribed and fully paid up capital :
Opening balance 1,000,000,000 500,000,000
Add: Issued bonus share - 400,000,000
Add: Issued right share - 100,000,000
Closing balance 1,000,000,000 1,000,000,000
During the year 2012 the company has issued 400,000 bonus share from General reserve and Right share (5:1) to
meet the capital requirements as prescribed by Bangladesh Bank through DFIM circular dated on July 24, 2011.
The paid up capital of the company is Taka. 1,000,000,000 divided into 10,000,000 ordinary shares of Taka. 100.00
each . This has been made in accordance with the Financial Institution Act 1993.
8.3 Capital Adequacy ratio (CAR)
In terms of section 13(2) of the Bank Companies Act, 1991 and Bangladesh Bank BRPD circulars nos. 01,14,10 and
05 dated January 08, 1996, November 25, 2002 and May 14, 2007 respectively required a capital of the company
at the close of the business on 31 December 2013 was Taka 1000,000,000 (10% of risk weighted assets i.e Tk.
51,602,546 or as per Bangladesh Bank DFID Circular no-5 dated 24th July 2011 required paid up capital Tk.
1000,000,000) as against available core capital of Taka 1,119,188,813 and supplementary capital of Taka 2,473,580
making the total capital of Taka 1,121,662,393 thereby showing a surplus capital/equity of Taka 1,21,662,393 at that
date. Details are shown below:

2013 2012
Total Asset including off balance sheet items 1,289,935,920 1,240,512,313
Total risk weighted asset 516,025,460 745,091,377
Required capital (10% of risk weighted asset) 51,602,546 74,509,138
Minimum Capital Required 1,000,000,000 1,000,000,000
Actual Capital Held 1,121,662,393 1,085,713,807
Core Capital 1,119,188,813 1,080,657,626
Supplementary Capital 2,473,580 5,056,181
Total Capital Surplus/ (deficit) 121,662,393 85,713,807
Capital Adequacy Ratio (CAR) Based on |Basel II framework
2013
Capital requirement: Required Held

Tier -I (Minimum 5% of RWA or Tk. 100 crore) 5% 1,000,000,000 217% 1,119,188,813
Tier -II (Balancing) 5% 25,801,273 0.48% 2,473,580
Total 10% 1,025,801,273 217% 1,121,662,393
8.3.1 Core Capital (Tier -I) 1,000,000,000 1,000,000,000

Paid-up Capital 13,348,467 5,709,198
Statutory Reserve 54,731,264 54,731,264
General Reserve 51,109,082 20,217,164
Retained earnings 1,119,188,813 1,080,657,626
8.3.2 Supplementary Capital (Tier - II)
General Provision maintained against unclassified loans 2,473,580 5,056,181
General Provision @ 1% against off balance sheet exposures - -
Asset revaluation reserve - -
Revaluation reserve for equity instruments up to 10% - -
Revaluation on investment - -
2,473,580 5,056,181
Total Actual Capital Maintained 1,121,662,393 1,085,713,807
9 Statutory reserve
Opening balance 5,709,198 -
Add: Transfer from appropriation of profit 7,639,269 5,709,198
Closing Balance 13,348,467 5,709,198
10 General reserve 54,731,264 54,731,264
Opening balance 54,731,264 454,731,264
Add: Transfer from appropriation of profit - -
Less: Issuing bonus share - (400,000,000)
Closing balance 54,731,264 54,731,264
11 Interest income
Interest on loans and advances Annexure 4 48,641,961 37,850,277
Interest on short term deposit Annexure 4 4,145,221 2,443,433
Interest on fixed deposit Annexure 1 73,208,457 59,591,963
- (9,896,614)
125,995,639 89,989,059
290
2013 2012
12 Other Operating Income 4,356,860 156,039
Other Income 4,300,410 -
Duplicate certificate fees 3,200 10,300
Training Fees 53,250 127,250
Miscellaneous income - 18,489
13 Salaries & Allowances: 44,135,498 29,550,444
Salaries 29,528,318 20,303,057
Incentive Bonus 6,618,397 2,083,447
Lunch Subsidy 4,666,880 2,898,680
Wages Paid 233,333 186,479
Bonus 2,558,312 2,223,597
Conveyance Allowances 124,944 78,914
Overtime 252,334 349,017
Gratuity 152,980 1,427,253
14 Rent, Taxes, Insurance, Electricity etc. 3,229,943 2,758,404
Rent, rate and taxes 2,906,548 2,491,606
Insurance 54,358 52,585
Power and electricity 269,037 214,213
15 Postage, Stamps, Telecommunication etc.: 240,102 166,606
Telephone charges (Office) 135,414 118,053
Telephone charges (Residence) 4,384 6,162
Postages 100,304 42,391
16 Stationery, Printing, Advertisement etc.: 1,379,401 1,169,990
Newspaper & periodicals 153,982 150,492
Advertisement & publicity 323,709 92,698
17 Managing Director’s Salary and benefits 120,000 120,000
Managing Director’s position in the company is being held by the Deputy Managing Director of Agrani Bank
Limited, as ex-officer, as such no other remuneration is paid except Tk 10,000 per month as charge allowance.
18 Directors’ Fees:
Honorarium & fees 384,000 395,000
Each director for every attendance in Board Meeting gets Tk.5,000. Except this, no other charges or allowance is
paid to the directors of the company.

2013 2012
19 Other Expenses: 9,383,245 5,715,870
Petroleum, oil & lubricant for vehicles 2,765,165 2,741,406
Travelling expenses(Inland) 374,856 425,583
Training expenses 36,973 221,704
Upkeep of office premises 108,459 187,530
Repairs-motor vehicles 1,223,810 541,578
Repairs-furniture & fixtures 8,000 11,070
Repairs-office equipment 48,240 58,048
Repairs & maintenance of computer 17,845 38,754
Repairs elect. Equipment & lighting materials 125,113 36,945
E-mail & internet 77,925 42,597
Consultancy Fees 668,929 425,000
Closing Expenses 199,500 68,600
Fees & Commission 437,421 -
Leave Encashment 332,490 -
Washing Charges 1,985 -
Recruitment Expenses 2,178,325 -
Bank Charge 196,909 427,924
Other charges 30,000 58,329
20 Prior Year Adjustment 334,841 1,012,729
Rectification of Bank Balance 3,210 251,949
Loan Outstanding 418,192 90,000
Incentive Bonus Payable - 670,780
Tax deducted at source (86,561) -
21 Performation Evaluation
Return average investment 3.47% 2.81%
Return on average asset 3.02% 2.53%
Average yield on Loan & Advances 8.56% 8.34%
Average yield on Balance with other Banks 9.67% 9.67%
Earning per Share (Taka) 3.82 2.85
______________________ ______________________ ______________________ ______________________

292
Annex-1
Schedule of Fixed Deposit with Agrani Bank Limited and other Banks
(Amount in Taka)
SL Value as on Interest Tax deducted Maturity/ Value as on

Name of Branches Addition Bank charge
No. 31.12.2012 received at source Others Transfer 31.12.2013
1 Bhaluka 1,214,254 - 106,848 12,533 19,460 - 1,289,109 0
2 Fulbaria 702,091 - 54,519 - 5,000 - 751,610 0
3 Gafargaon 568,755 - 43,625 4,363 676 - 607,342 -
4 Gouripur 788,366 - 60,342 6,974 - - 841,735 (0)
5 Haluaghat 1,266,304 - 68,196 9,250 - - 1,325,250 0
6 Iswarganj 767,150 - 67,850 8,400 350 - 826,250 -
7 Mymensingh Sadar 1,034,248 - 83,692 8,765 5,198 - 1,103,978 (0)
8 Muktagacha 1,054,571 - 78,189 10,566 3,825 - 1,118,369 (0)
9 Nandail 547,500 - 55,500 10,300 2,450 - 590,250 -
10 Phulpur 1,438,404 - 164,838 16,484 9,642 - 1,142,587 434,529
11 Trishal 1,074,409 - 67,817 11,013 5,538 - 1,125,675 0
12 Kishorganj Sadar 789,418 - 105,749 10,575 5,352 - 879,241 (0)
13 Karimganj 1,028,437 - 83,699 9,286 1,728 - 1,101,122 (0)
14 Katiadi 589,300 - 53,095 6,252 1,439 - 634,704 (0)
15 Jamalpur Sadar 1,065,940 - 67,587 8,680 3,157 - 1,121,690 0
16 Sherpur Sadar 950,187 - 84,433 8,443 4,572 - 252,779 768,826
17 Netrokona Sadar 1,148,132 - 184,381 11,184 7,209 - 1,314,121 (0)
18 Kendua 582,195 - 40,998 4,979 - - 618,214 -
19 Modhupur 607,550 - 54,382 5,438 3,070 - 653,424 -
20 Gopalpur 871,155 - 38,696 4,717 16,739 - 888,395 (0)
21 Zilla parished 1,172,866 - 121,312 14,267 3,148 - 1,276,762 -
22 Charvadrashan 850,142 - 20,319 - 4,050 - 766,531 99,880
23 Sadarpur 1,176,644 - 119,017 14,435 - - 457,831 823,395
24 Bhanga 1,938,528 - 119,658 - 11,278 - 2,046,908 -
25 Nagarkanda 1,962,363 - 101,829 12,075 - - - 2,052,117
26 Boalmari 2,527,259 - 321,140 33,064 6,744 - 1,674,120 1,134,471
27 Naliajamalpur 3,304,768 - 248,196 24,820 3,430 - 3,524,714 -
28 Rajbari 2,025,526 - 130,425 14,082 15,888 - 2,125,980 0
29 Pangsha 1,387,816 - 123,822 14,094 774 - 1,496,770 0
30 Ahladipur 719,122 - 72,765 7,277 4,993 - 21,141 758,477
31 Gopalgonj 692,064 - - 1,750 - - 690,314 0
32 Tungipara 582,824 - 22,006 2,950 - - 601,880 0
33 Kotalipara 682,598 - 61,005 6,723 941 - 735,939 (0)
34 Madaripur 1,568,282 - 160,722 16,919 6,510 - 1,327,219 378,354
35 Kalkini 1,030,254 - 120,512 12,570 700 - 439,796 697,700
36 Takerhat 1,418,516 - 115,013 12,417 3,260 - 1,517,852 (0)

37 Borhamgonj 1,587,195 - 183,398 - 5,461 - 399,456 1,365,676
38 Shariatpur 582,531 - 277,310 - 11,345 - 592,659 255,837
Total bad debt fund (Note: 1.1) 43,297,666 - 3 ,882,884 355,643 173,927 - 37,881,717 8,769,263
293
Annex-1
294
(Amount in Taka)
SL Value as on Interest Tax deducted Maturity/ Value as on
Name of Branches Addition Bank charge
No. 31.12.2012 received at source Others Transfer 31.12.2013
1 Bhaluka 349,710 - 30,857 4,010 66 - 376,491 (0)
2 Fulbaria 588,121 - 41,229 - 1,950 - 627,400 (0)
3 Gafargaon 630,285 - 59,300 5,930 2,245 - 681,410 -
4 Gouripur 217,978 - 16,392 1,639 - - 232,730 1
5 Haluaghat 222,031 - 9,399 - 1,750 - 229,680 0
6 Iswarganj 235,710 - - - - - 235,710 -
7 Mymensingh Sadar 731,158 - 71,937 6,858 3,303 - 792,933 0
8 Muktagacha 793,336 - 58,934 7,900 2,325 - 842,045 (0)
9 Nandail 547,500 - 67,000 6,700 1,050 - 606,750 -
10 Phulpur 253,155 - 27,708 2,771 1,485 - - 276,607
11 Trishal 116,030 - 13,920 1,392 350 - 128,208 -
12 Kishorganj Sadar 116,235 - 13,948 1,395 1,047 - 127,741 -
13 Karimganj 336,941 - 15,762 2,291 279 - 350,133 0
14 Jamalpur Sadar 113,828 - 12,864 1,286 1,378 - 124,028 -
15 Sherpur Sadar 120,475 - 14,457 1,446 723 - - 132,763
16 Netrokona Sadar 458,870 - 20,787 2,889 2,839 - 473,929 0
17 Kendua - - - - - - - -
18 Modhupur 324,240 - 25,920 2,592 1,997 - 345,571 -
19 Gopalpur 112,889 - 6,296 630 - - 118,556 (1)
20 Katiadi 115,376 - 13,845 1,385 1,043 - 126,794 -
21 Zilla parished 1,259,365 - 126,303 14,177 3,849 - 1,367,642 (0)
22 Charvadrashan - - - - - - - -
23 Sadarpur 597,464 - 69,572 7,237 - - 143,604 516,195
24 Bhanga 361,151 - 19,800 2,920 2,678 - 375,353 -
25 Nagarkanda - - - - - - - -
26 Boalmari 854,599 - 21,500 2,150 - - 765,399 108,550
27 Naliajamalpur 480,349 - 53,000 5,300 2,450 - 525,599 -
28 Rajbari - - - - - - - -
29 Pangsha 114,618 - 21,244 2,124 - - 133,738 (0)
30 Ahladipur 221,007 - 7,890 789 - - 228,108 (0)
31 Gopalgonj 226,570 - 17,800 2,189 181 - 242,000 0
32 Tungipara 108,430 - 9,500 950 - - 116,980 -
33 Kotalipara 114,552 13,558 1,356 120 126,634 -
34 Madaripur 675,689 14,142 3,349 3,069 551,007 132,406
35 Kalkini - - - - - -
36 Takerhat 113,156 11,836 1,184 123,808 0
37 Borhamgonj 115,875 11,008 1,101 125,783 (1)
38 Shariatpur 240,884 17,739 2,244 1,122 255,257 (0)
39 Alfadanga - - - -
Total loan risk coverage fund (Note:1.2) 11,867,577 - 935,447 98,181 37,300 - 11,501,022 1,166,521
Annex-1
(Amount in Taka)
Value as on Tax deducted at Maturity/ Value as on

SL No. Name of Branches Addition Interest received Bank charge
31.12.2012 source Others Transfer 31.12.2013
1 Agrani Bank (Amin Court Br.) 24,265,563 - 3,409,142 340,914 5,000 - - 27,328,791
3 Agrani Bank (Amin Court Br.) 102,812,500 - 10,183,483 1,018,348 10,000 - - 111,967,635
5 Agrani Bank (Amin Court Br.) - - - - - - - -
6 Agrani Bank (Principal Br.) 15,683,450 - 1,013,993 127,594 10,000 - 16,559,849 0
7 Bangladesh Commerce Bank 10,000,000 - 685,218 68,522 6,000 - 10,610,696 -
8 Agrani Bank (Principal Br.) 245,792,988 - 32,712,572 3,271,257 - - - 275,234,303
9 Agrani Bank ( Principal Br.) - - - - - - - -
10 Agrani Bank (Mohammadpur) 7,764,835 - 499,860 56,974 1,000 - 8,206,721 -
11 Agrani Bank (Moulovi Bazar) 34,678,995 - 4,473,620 447,362 5,000 - - 38,700,253
12 Bank Asia (M.C.B. Branch) 28,658,915 - 3,668,306 362,469 5,000 - - 31,959,752
13 BD. Commerce Bank (Principal Br.) - - - - - - - -
14 BD. Commerce Bank (Principal Br.) - - - - - - - -
13 Agrani Bank (Principal Br.) 14,405,611 - 1,800,701 180,070 10,000 - 16,016,242 -
14 Agrani Bank (Principal Br.) 28,512,271 - 926,649 92,665 10,000 - 29,336,255 (0)
15 Agrani Bank (Principal Br.) 20,000,000 1,954,626 195,463 21,759,163
16 Agrani Bank (Principal Br.) 15,000,000 1,465,969 146,596 16,319,373
17 Agrani Bank (Principal Br.) 3,000,000 293,194 29,319 3,263,875
18 Agrani Bank (Principal Br.) 3,000,000 3,000,000
19 Agrani Bank (Principal Br.) 17,500,000 17,500,000
22 Agrani Bank (Danmondi Br.) 10,610,696 663,169 99,475 5,000 11,169,390

23 Agrani Bank (Amin Court Br.) 8,206,719 530,680 53,068 8,684,331
Total company fund (Note: 1.3) 576,515,066 89,817,415 73,208,457 7,382,823 77,000 - 80,729,763 651,351,352
295
Annex-1
296
(Amount in Taka)
Value as on Tax deducted at Maturity/ Value as on

SL No. Name of Branches Addition Interest received Bank charge
31.12.2012 source Others Transfer 31.12.2013
1 Agrani Bank (Amin Court Br.) 2,000,000 - 268,807 26,881 1,000 - - 2,240,926
3 Agrani Bank (Mohammadpur) (GF) 1,948,854 - 53,593 5,359 - - 1,997,088 -
4 Agrani Bank( Mohammadpur) (GF) 644,395 - 40,840 4,087 349 - 680,799 0
5 BD.Commerce Bank (Principal Br.) (GF) - - - - - - - -
6 S I B Ltd. (Satmosjid Road Br.) (GF) - - - - - - - -
7 Agrani Bank (Amin Court Br.) - 3,000,000 190,133 19,013 - - - 3,171,120
Total gratuity fund (Note:1.4) 13,975,723 3,000,000 1,801,953 180,198 2,349 - 2,677,887 15,917,242
Grand Total 645,656,032 92,817,415 79,828,741 8,016,845 290,576 - 132,790,388 677,204,379
Particulars Interest income TDS
Total bad debt fund (Note: 1.1) 3,882,884 355,643
Total loan risk coverage fund (Note:1.2) 935,447 98,181
Total company fund (Note: 1.3) 73,208,457 7,382,823
Total gratuity fund (Note:1.4) 1,801,953 180,198
Balance transferred to income statement 73,208,457 7,382,823

Annex-2
Fund wise Cash at Bank

(Amount in Taka)
Revolving Loan Interest Bad debt Risk coverage Gratuity Principal
SL No Branch Credit fund TA fund 2013 2012
fund income fund fund fund fund Branch Acc
Mymensingh zone
1 Bhaluka 2,971,205 270,595 111,617 117,312 - - - - 3,470,728 1,753,729
2 Fulbaria 671,513 316,700 73,261 17,100 - - - - 1,078,574 1,378,158
3 Gafargaon 1,726,509 328,821 61,824 70,375 - - - - 2,187,529 2,903,112
4 Gouripur 2,202,505 316,914 88,149 19,716 - - - - 2,627,284 2,088,879
5 Haluaghat 1,281,771 303,072 26,739 100,442 - - - - 1,712,024 2,405,375
6 Ishwarganj 1,526,358 224,491 15,870 75,471 - - - - 1,842,190 2,103,736
7 Mym. Sadar 3,424,065 363,462 38,218 53,747 - - - - 3,879,492 2,202,053
8 Muktagacha 4,617,516 411,189 114,239 61,010 - - - - 5,203,954 3,209,894
9 Nandail 3,790,313 377,612 115,726 89,881 - - - - 4,373,532 2,104,871
10 Phulpur 216,192 588,221 164,242 33,457 - - - - 1,002,112 1,994,820
11 Trishal 248,868 167,564 43,282 73,275 - - - - 532,989 2,698,715
12 Kishore. Sadar 1,186,212 395,323 178,920 54,354 - - - - 1,814,810 2,845,363
13 Karimganj 382,236 427,117 78,039 97,823 - - - - 985,215 3,760,818
14 Katiadi 3,214,691 187,826 70,873 102,765 - - - - 3,576,155 1,323,797
15 Jamalpur Sadar 3,983,557 215,845 96,054 38,595 - - - - 4,334,051 3,051,376
16 Sherpur Sadar 4,801,185 97,833 26,476 57,876 - - - - 4,983,370 1,978,088
17 Netro. Sadar 265,739 673,224 234,650 45,064 - - - - 1,218,677 2,636,493
18 Kendua 1,886,844 172,347 65,905 64,657 - - - - 2,189,753 1,834,707
19 Modhupur 1,039,611 256,172 67,408 49,568 - - - - 1,412,759 3,127,321
20 Gopalpur 2,200,882 238,007 114,405 81,505 - - - - 2,634,799 2,527,508
21 Tangail - - - - - - - - - 56,189

22 Mymensing DPO - - - - - - - - - 62,054
Sub total 41,637,771 6,332,334 1,785,897 1,303,993 - - - - 51,059,996 48,047,052
297
Annex-2
298
Fund wise Cash at Bank
(Amount in Taka)
Revolving Loan Interest Bad debt Risk coverage Gratuity Principal
SL No Branch Credit fund TA fund 2013 2012
fund income fund fund fund fund Branch Acc
Faridpur zone
23 Zilla Parishad 1,008,812 475,990 31,218 72,132 - - - - 1,588,152 4,566,644
24 Charvadrashan 4,677,788 125,033 79,355 39,565 - - - - 4,921,741 2,790,686
25 Sadarpur 2,428,176 681,925 34,541 101,428 - - - - 3,246,070 3,404,881
26 Bhanga 5,976,151 672,963 111,937 105,705 - - - - 6,866,756 7,860,671
27 Nagarkanda 2,376,403 345,125 257,377 72,977 - - - - 3,051,882 1,154,858
28 Boalmari 4,685,412 914,618 348,085 253,214 - - - - 6,201,328 8,512,925
29 Naliajamalpur 6,194,637 573,137 330,957 172,639 - - - - 7,271,370 4,393,534
30 Rajbari 1,872,843 466,274 36,584 17,573 - - - - 2,393,273 2,569,393
31 Pangsha 1,979,509 277,280 39,612 70,637 - - - - 2,367,038 1,741,886
32 Ahladipur 2,251,783 156,578 17,859 73,423 - - - - 2,499,643 2,101,442
33 Gopalgonj 4,418,369 304,758 91,944 85,063 - - - - 4,900,133 2,776,389
34 Tungipara 3,610,628 198,273 61,444 84,404 - - - - 3,954,749 962,975
35 Kotalipara 3,372,030 295,651 95,532 109,097 - - - - 3,872,310 3,092,409
36 Madaripur 4,669,866 380,951 168,998 95,926 - - - - 5,315,741 2,695,546
37 Kalkini 413,473 408,787 120,556 131,699 - - - - 1,074,515 1,253,756
38 Takerhut 2,549,188 317,595 64,933 64,172 - - - - 2,995,888 2,094,681
39 Borhamgonj 2,307,798 252,983 45,132 18,428 - - - - 2,624,341 1,957,302
40 Shariatpur 4,290,683 194,614 11,775 66,781 - - - - 4,563,853 3,173,344
41 Faridpur DPO - - - - - - - - - 500
Sub total 59,083,549 7,042,533 1,947,839 1,634,862 - - - - 69,708,784 57,103,820
Dhaka CPO
42 Amin Cort 1,035,843 - - - - 899,816 - 848,961 2,784,620 7,602,815
43 Pilot Phase - 4,410,964 - - - - - 5,088 4,416,052 332,851
44 Motijheel - 237,835 11,821,248 2,578,544 - 1,343,003 - 3,216,325 19,196,955 17,039,421
Sub total 1,035,843 4,648,799 11,821,248 2,578,544 - 2,242,818 - 4,070,373 26,397,627 24,975,087
Grand total 101,757,164 18,023,667 15,554,985 5,517,400 - 2,242,818 - 4,070,373 147,166,407 130,125,959
Annex-3
Schedule of Loan Outstanding (Principal)

(Amount in Taka)
SL No. Branch name 2013 2012
Mymensingh Zone
1 Bhaluka 7,193,639 7,614,693
2 Fulbaria 11,574,525 6,092,412
3 Gafargaon 8,868,710 8,713,023
4 Gouripur 10,560,522 8,453,315
5 Haluaghat 15,097,104 13,999,340
6 Ishwargonj 7,045,427 6,445,669
7 Mymensingh Sadar 12,983,557 12,065,393
8 Muktagacha 16,886,454 13,441,141
9 Nandail 6,947,712 9,140,892
10 Phulpur 12,664,606 11,189,707
11 Trishal 8,509,930 5,113,178
Sub total 118,332,186 102,268,762
Kishoreganj Zone
12 Kishore. Sadar 12,843,775 10,186,908
13 Karimgonj 9,942,977 7,068,859
14 Katiadi 6,278,899 5,875,140
Sub total 29,065,651 23,130,907
Jamalpur Zone
15 Jamalpur Sadar 6,341,424 9,179,677
16 Sherpur Sadar 3,866,692 7,339,950
Sub total 10,208,116 16,519,627
Netrokona Zone
17 Netro. Sadar 14,896,470 13,024,205
18 Kendua 6,594,640 4,818,278
Sub total 21,491,110 17,842,483
Tangail Zone
19 Modhupur 7,663,742 6,491,555
20 Gopalpur 6,113,135 6,532,508
Sub total 13,776,877 13,024,063
Faridpur Zone
21 Zilla Parishad 19,393,384 18,647,520
22 Charvadrashan 10,646,301 16,341,972
23 Sadarpur 14,352,916 12,476,407
24 Bhanga 11,811,962 14,649,783
25 Nagarkanda 16,968,202 16,193,240
26 Boalmari 37,141,257 34,094,852
27 Naliajamalpur 21,297,441 22,173,887
28 Rajbari 17,937,352 16,689,553
29 Pangsha 12,315,438 11,162,100
30 Ahladipur 5,860,403 5,153,282
Sub total 167,724,655 167,582,596
Gupalgonj Zone
31 Gopalgonj 8,613,614 12,258,988
32 Tungipara 7,060,420 8,854,146
33 Kotalipara 7,503,713 4,824,690
Sub total 23,177,747 25,937,824
Madaripur Zone
34 Madaripur 13,396,654 16,514,226
35 Kalkini 11,032,752 10,389,150
36 Takerhut 14,879,397 16,689,553
37 Borhamgonj 7,998,955 8,822,650
38 Shariatpur 6,048,559 8,131,258
Sub total 53,356,317 60,546,837
Grand total 437,132,659 426,853,099
Loans and Advance Outstanding at branches 437,132,659 426,853,099

Add: Adjustment with Agrani Bank Payable - 20,159,962
Total Outstanding 437,132,659 447,013,061

Annex-4
300
Schedule of Interest Income
(Amount in Taka)
Interest on Interest on Deposit
SL No Branch Loans & Revolving Interest Bad Debt Risk Coverage Credit Gratuity Principal
Advance TA fund 2013
Loan Fund Income Fund Fund Fund Fund Fund Branch Acc
Mymensingh zone
1 Bhaluka 1,444,018 94,923 3,853 2,277 2,074 - - - - 1,547,145
2 Fulbaria 940,352 33,235 3,092 2,139 2,676 - - - - 981,494
3 Gafargaon 1,333,594 70,337 1,443 2,831 1,386 - - - - 1,409,591
4 Gouripur 1,280,196 62,105 5,627 2,876 927 - - - - 1,351,731
5 Haluaghat 1,255,235 38,800 4,032 2,892 2,124 - - - - 1,303,083
6 Ishwarganj 1,137,464 11,831 1,697 1,757 2,019 - - - - 1,154,768
7 Mym. Sadar 1,390,524 161,593 4,513 1,840 898 - - - - 1,559,367
8 Muktagacha 1,499,705 60,583 5,619 2,496 1246 - - - 1,569,649
9 Nandail 895,436 49,882 2,161 1,198 2,615 - - - - 951,292
10 Phulpur 1,412,572 21,753 5,978 2,472 2,478 - - - - 1,445,253
11 Trishal 1,210,996 29,906 4,228 1,390 1,655 - - - - 1,248,175
12 Kishore. Sadar 1,517,660 - 2,425 1,803 388 - - - - 1,522,275
13 Karimganj 1,475,397 - 4,604 1,820 2,298 - - - - 1,484,119
14 Katiadi 786,339 87,696 3,409 1,951 3,489 - - - - 882,884
15 Jamalpur Sadar 1167496 23,969 8,117 1,268 550 - - - - 1,201,400
16 Sherpur Sadar 189,689 - 829 907 2,071 - - - - 193,496
17 Netro. Sadar 2,611,407 58,070 9,145 4,363 1,283 - - - - 2,684,269
18 Kendua 673,475 66,813 2,719 2,448 1,659 - - - - 747,114
19 Modhupur 1,160,428 44,959 7,135 3,455 2,877 - - - - 1,218,854
20 Gopalpur 955,920 81,763 4,131 2,691 3,058 - - - - 1,047,563
21 Tangail - - - - - - -
22 Mymensingh DPO - - - - - - -
Sub total 24,337,902 998,219 84,757 44,874 37,770 - - - - 25,503,521
Faridpur zone
23 Zilla Parishad 1,451,615 6,320 5,122 1,730 1,503 - - - - 1,466,290
24 Charvadrashan 454,306 174,334 1,375 1,475 776 - - - - 632,266
25 Sadarpur 1,664,274 63,627 6,202 2,784 1,818 - - - - 1,738,705
Annex-4
Schedule of Interest Income
(Amount in Taka)
Interest on Interest on Deposit
SL No Branch Loans & Revolving Interest Bad Debt Risk Coverage Credit Gratuity Principal
Advance TA fund 2013
Loan Fund Income Fund Fund Fund Fund Fund Branch Acc
26 Bhanga 1,975,724 264799 5,608 1,909 1,901 - - - - 2,249,941
27 Nagarkanda 1,080,723 - 3,668 5,742 1,960 - - - - 1,092,093
28 Boalmari 3,337,335 173,558 21,596 9,907 5,666 - - - - 3,548,062
29 Naliajamalpur 1,964,312 139,649 13,723 6,536 4,925 - - - - 2,129,145
30 Rajbari 1,633,874 45,874 4,085 1,432 2,474 - - - - 1,687,739
31 Pangsha 1,068,245 44,701 5,900 4,353 1,471 - - - - 1,124,670
32 Ahladipur 661,947 68,282 1,691 1,985 1,687 - - - - 735,592
33 Gopalgonj 1,599,757 97,073 3,902 1,894 1,992 - - - - 1,704,618
34 Tungipara 798,575 67,667 2,233 1,937 1,705 - - - - 872,117
35 Kotalipara 1,247,962 195,136 5,146 1,858 3,653 - - - - 1,453,755
36 Madaripur 1,330,065 143,364 6,659 5,818 5,511 - - - - 1,491,417
37 Kalkini 1,265,821 43,093 6,127 4,462 4,397 - - - - 1,323,900
38 Takerhut 1,021,276 92,332 4,593 1,623 1,350 - - - - 1,121,174
39 Borhamgonj 963,686 58,912 2,464 1,723 543 - - - - 1,027,328
40 Shariatpur 784,562 95,537 3,364 1,924 1,247 - - - - 886,634
41 Faridpur DPO - - - - - - - -
Sub total 24,304,059 1,774,258 103,458 59,092 44,579 - - - - 26,285,446
Dhaka CPO
42 Amin Court - -
43 Pilot Phase 22,431 22,431
44 Motijheel - 263,297 55,415 209,292 48,830 585,265 1,162,099
Sub total - 263,297 55,415 209,292 48,830 - - - 607,696 1,184,530
Grand total 48,641,961 3,035,773 243,630 313,258 131,180 - - - 607,696 52,973,498
Interest income
Interest on loans and advances 48,641,961
Interest on short term deposit 4,145,221
Interest on Bad Debt Fund 103,966

Interest on risk coverage fund 82,349
Recognised income 52,787,182
301
302
Agrani Exchange House Private Limited
(Co. Reg.No. 200200048D, Incorporated in the Republic of Singapore)

AGRANI EXCHANGE HOUSE PRIVATE LIMITED
(Incorporated in the Republic of Singapore)
Co. Reg. No. 200200048D
REPORT OF THE DIRECTORS

The directors present their report to the member together with the audited financial statements of the Company for the
financial year ended 31 December 2013.
The directors of the Company in office at the date of this report are as follows:
Dr. Khondoker Bazlul Hoque
Mr Syed Abdul Hamid
Mr Mohammad Shams Ul Islam
Mr Md. Ali Hossain Prodhania
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE BENEFITS BY MEANS OF THE ACQUISITION OF SHARES

AND DEBENTURES
Neither at the end of the financial year nor at any time during the financial year did there subsist any arrangement to which
the Company is a party, being arrangements whose objects are, or one of whose objects is, to enable the directors of the
Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body
corporate.
DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES

According to the register kept by the Company for the purposes of section 164 of the Singapore Companies Act, Chapter
50, the interests of the directors who held office at the end of the financial year in the shares of the Company were as follows:
Direct interest
Name of directors At beginning of At end of financial

financial year year
The Company
(Ordinary shares)
Dr. Khondoker Bazlul Hoque - -
Mr Syed Abdul Hamid - -
Mr Mohammad Shams Ul Islam - -
Mr Md. Ali Hossain Prodhania - -
Except as disclosed in this report, no directors who held office at the end of the financial year had interests in shares, share
options, warrants or debentures of the Company, or of the related corporation, either at the beginning of the financial year,
or at the end of the financial year.
304
DIRECTORS’ CONTRACTUAL BENEFITS
Except as disclosed in the financial statements, since the end of the previous financial year, no director of the Company has
received or become entitled to receive a benefit by reason of a contract made by the Company or a related corporation
with the director or with a firm of which the director is a member, or with a company in which the director has a substantial
financial interest.
SHARE OPTIONS
During the financial year, there were:
no options granted by the Company to any person to take up unissued shares of the Company; and
no shares issued by virtue of any exercise of option to take up unissued shares of the Company.
At the end of the financial year, there were no unissued shares of the Company under option.
AUDITORS
The auditors, C. C. Yang & Co., have expressed their willingness to accept re-appointment.
On behalf of the Board of Directors

……………………………………..
CEO & Director

……………………………………..
Chairman
16 January 2014

Co. Reg. No. 200200048D
STATEMENT BY DIRECTORS
In the opinion of the directors,
(a) the accompanying financial statements set out in the following sections of the financial statements:
Statement of Comprehensive Income

Statement of Financial Position
Statement of Cash Flows
Notes, comprising a summary of significant accounting policies and other explanatory information
are drawn up so as to give a true and fair view of the state of affairs of the Company as at 31 December 2013 and the
results, changes in equity and cash flows of the Company for the financial year then ended; and
(b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts
as and when they fall due.
On behalf of the Board of Directors

……………………………………..
CEO & Director
……………………………………..
Chairman
16 January 2014
306
INDEPENDENT AUDITOR’S REPORT TO THE MEMBER OF
Co. Reg. No. 200200048D
Report on the Financial Statements

We have audited the accompanying financial statements of Agrani Exchange House Private Limited (the “Company”),
which comprise the statement of financial position as at 31 December 2013, and the statement of comprehensive income,
statement of changes in equity and statement of cash flows for the financial year then ended, and a summary of significant
accounting policies and other explanatory information.

Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the
provisions of the Singapore Companies Act, Chapter 50 (the “Act”) and Singapore Financial Reporting Standards, and for
devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets
are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they
are recorded as necessary to permit the preparation of true and fair profit and loss account and balance sheet and to
maintain accountability of assets.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation of the financial statements that give a true and fair view in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation
of the financial statements.
Opinion
In our opinion, the financial statements are properly drawn up in accordance with the provisions of the Act and Singapore
Financial Reporting Standards so as to give a true and fair view of the state of affairs of the Company as at 31 December 2013
and of the results, changes in equity and cash flows of the Company for the financial year ended on that date.
Report on Other Legal and Regulatory Requirements

In our opinion, the accounting and other records required by the Act to be kept by the Company have been properly kept
in accordance with the provisions of the Act.
C.C. YANG & CO.

PUBLIC ACCOUNTANTS AND
CERTIFIED PUBLIC ACCOUNTANTS
SINGAPORE
16 January 2014

STATEMENT OF COMPREHENSIVE INCOME
(Expressed in Singapore Dollars)
2013 2012
Note
$ $
Revenue 1,423,912 1,050,390
Other Items of Income
Other Income 3 85,015 31,578
Other Items of Expense
Employee Benefits Expense 4 (508,470) (413,657)
Depreciation and Amortisation Expense 8 (56,556) (36,946)

Finance Cost 5 (889) -
Other Expenses 6 (664,969) (452,483)
Profit (Loss) Before Tax from
Continuing Operations 278,043 178,882
Income Tax Benefit (Expense) 7 ( 33,976) 766
Profit (Loss) from Continuing
Operations, Net of Tax 244,067 179,648
Profit (Loss) Net of Tax 244,067 179,648
Other Comprehensive Income
Other Comprehensive Income, Net of Tax - -
Total Comprehensive Income $ 244,067 $ 179,648
The accompanying notes form an integral part of these financial statements
308
STATEMENT OF FINANCIAL POSITION
as at 31 December 2013
2013 2012
Note
$ $
ASSETS
Non-Current Assets
Property, Plant and Equipment, Total 8 96,948 102,740
Total Non-Current Assets 96,948 102,740
Current Assets
Income Tax Receivables, Current - 659
Other Receivables, Current 49,922 55,915
Prepayments, Current 9 9,970 6,350
Fixed Deposits 10 750,046 747,508
Cash and Bank Balances 10 1,514,361 843,661
Total Current Assets 2,324,299 1,654,093
Total Assets $ 2,421,247 $ 1,756,833
EQUITY AND LIABILITIES

Equity
Share Capital 11 1,000,000 200,000
Retained Earnings (Accumulated Losses) 696,781 1,252,714
Other Reserves, Total - -
Total Equity 1,696,781 1,452,714
Non-Current Liabilities
Deferred Tax Liabilities 12 4,982 6,413
Finance Lease Liabilities 13 11,874 -
Total Non-Current Liabilities 16,856 6,413
Current Liabilities
Income Tax Payable, Current 21,495 -
Trade and Other Payables, Current 14 682,629 297,706
Finance Lease Liabilities 13 3,486 -
Total Current Liabilities 707,610 297,706
Total Liabilities 724,466 304,119
Total Equity and Liabilities $ 2,421,247 $ 1,756,833

Retained Earnings
Total Share
(Accumulated
Note Equity Capital
Losses)
$ $ $
Opening Balance at 01/01/2013 1,452,714 200,000 1,252,714
Total Comprehensive
Income for the Period 244,067 - 244,067
Contributions by Owner
Issue of Share Capital by Way of Bonus
11 - 800,000 (800,000)
Shares Issue
Total Contributions by Owner - 800,000 (800,000)
Closing Balance at 31/12/2013 $ 1,696,781 $ 1,000,000 $ 696,781
Opening Balance at 01/01/2012 1,273,066 200,000 935,715
Total Comprehensive
Income for the Period 179,648 - 179,648
Closing Balance at 31/12/2012 $ 1,452,714 $ 200,000 $ 1,252,714
310
STATEMENT OF CASH FLOWS
2013 2012
Note
$ $
Cash Flows From Operating Activities
Profit (Loss) before Tax 278,043 178,882
Total Adjustments 53,803 32,974
Depreciation of Property,
Plant and Equipment 56,556 36,946
Interest Income (3,642) (3,972)
Interest Expense 889 -
Operating Cash Flows before Changes in Working Capital 331,846 211,856
Total Changes in Working Capital 379,496 (225,388)

Increase in Other Receivables, Current (1,807) (18,000)
Increase in Other Prepayment, Current (3,620) (1,100)
Increase (Decrease) in Trade and Other Payables, Current (384,923) (206,288)
Cash Flows From (Used In) Operations 711,342 (13,532)
Income Taxes Paid (13,253) (659)
Interest Received 3,642 8,509
Income Tax Received (889) -
Net Cash Flows From (Used In) Operating Activities 700,842 (5,682)
Cash Flows From Investing Activities

Purchase of Property, Plant and Equipment (33,143) (96,993)
Net Cash Flows From (Used In) Investing Activities (33,143) (96,993)
Cash Flows From Financing Activities

Fixed Deposits - Pledged - 206,884
Increase in Advances to Staff 7,800 (13,400)
Decrease in Amount Due to Holding Company (2,261) -
Net Cash Flows From (Used In) Financing Activities 5,539 193,484
Net Increase (Decrease) in Cash and Cash Equivalents 673,238 90,809

Cash and Cash Equivalents, Statement of Cash Flows, Beginning Balance 1591,169 1,500,360
Cash and Cash Equivalents Statement of Cash Flows, Ending Balance 10 $ 2,264,407 $ 1,591,169

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2013
These notes form an integral part of and should be read in conjunction with the accompanying financial statements.
1. CORPORATE INFORMATION
Agrani Exchange House Private Limited is a limited liability company incorporated and domiciled in the Republic of
Singapore whose registered office and principal place of business is located at 5A Lembu Road Singapore 208444.
The Company is a wholly-owned subsidiary of AGRANI BANK LIMITED, a fully state owned bank of Bangladesh, which
is also the Company’s ultimate holding company.
The principal activities of the Company are to carry on the remittance business and to undertake and participate in any or
all transactions, activities and operations commonly carried on or undertaken by remittance and exchange house.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the Company have been prepared in accordance with Singapore Financial Reporting
Standards (FRS) and the applicable requirements of the Singapore Companies Act.
The financial statements have been prepared on the historical cost basis except as disclosed in the accounting
policies below.
Functional currency
The management has determined the currency of the primary economic environment in which the Company
operates i.e. functional currency, to be the Singapore dollars. Revenue and major costs of providing services
including major operating expenses are primarily influenced by fluctuations in Singapore dollars.
The financial statements are presented in Singapore dollars.
2.2 Changes in accounting policies

The accounting policies adopted are consistent with those of the previous financial year except in the current
financial year, the Company has adopted all the new and revised standards and Interpretations of FRS (INT FRS)
that are relevant to its operations and effective for annual periods beginning on or after 1 January 2013. The
adoption of these standards and interpretations did not have any effect on the financial performance or position
of the Company.
2.3 Standards issued but not yet effective

The Company has not adopted the following standards and interpretations that have been issued but are only
effective for annual financial periods beginning on or after the respective dates.
Effective 1 January 2014
Revised FRS 27 - Separate Financial Statements
Revised FRS 28 - Investments in Associates and Joint Ventures
FRS 110 - Consolidated Financial Statements
FRS 111 - Joint Arrangements
FRS 112 - Disclosure of Interests in Other Entities
Amendments to FRS 32 - Offsetting Financial Assets and Financial Liabilities
Except for FRS 112, the directors expect that the adoption of the other standards and interpretations above will have
no material impact on the financial statements in the period of initial application. The nature of the impending changes
in accounting policy on adoption of the Amendments to FRS 1 and FRS 112 is described below.
312
FRS 112 Disclosure of Interests in Other Entities
FRS 112 is a new and comprehensive standard on disclosure requirements for all forms of interests in other
entities, including joint arrangements, associates, special purpose vehicles and other off balance sheet vehicles.
FRS 112 requires an entity to disclose information that helps users of its financial statements to evaluate the
nature and risks associated with its interests in other entities and the effects of those interests on its financial
statements. The Company is currently determining the impact of the disclosure requirements. As this is a
disclosure standard, it will have no impact to the financial position and financial performance of the Company
when implemented in 2014.
2.4 Property, plant and equipment

All items of property, plant and equipment are initially recorded at cost. Subsequent to recognition, property,
plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment
losses. The cost includes the cost of replacing part of the property, plant and equipment. The cost of an item
of property, plant and equipment is recognised as an asset if, and only if, it is probable that future economic
benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.
Subsequent expenditure relating to property, plant and equipment that has already been recognised is added to
the carrying amount of the asset only when it is probable that future economic benefits associated with the item
will flow to the Company and the cost of the item can be measured reliably. Other subsequent expenditure is
recognised as repair and maintenance expense in the profit or loss during the financial year in which it is incurred.
Depreciation is computed on the straight line method to write off the cost of property, plant and equipment over
the estimated useful lives. The estimated useful lives of property, plant and equipment are as follows:-
Furniture & fittings 3 years
Office equipment 3 years
Renovation 3 years
Fully depreciated assets are retained in the accounts until they are no longer in use and no further charge for
depreciation is made in respect of these assets.
The carrying values of property, plant and equipment are reviewed for impairment when events or changes in
circumstances indicate that the carrying value may not be recoverable.
The residual value, useful life and depreciation method are reviewed at the end of each reporting year to ensure
that the amount, method and period of depreciation are consistent with previous estimates and the expected
pattern of consumption of the future economic benefits embodied in the items of property, plant and equipment.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits
are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset is included in the
profit or loss in the financial year the asset is derecognised.
2.5 Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired.
If any such indication exists, or when an annual impairment assessment for an asset is required, the Company
makes an estimate of the asset’s recoverable amount.
An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and
its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that
are largely independent of those from other assets or group of assets. Where the carrying amount of an asset or
cash-generating unit exceeds its recoverable amount, the asset is considered impaired and is written down to its
recoverable amount. In assessing value in use, the estimated future cash flows expected to be generated by the
asset are discounted to their present value using a pre-tax discount rate that reflects current market assessments
of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent
market transactions are taken into account, if available. If no such transactions can be identified, an appropriate
valuation model is used. These calculations are corroborated by valuation multiples or other available fair value
indicators.
Impairment losses are recognised in the profit or loss except for assets that are previously revalued where the
revaluation was taken to other comprehensive income. In this case, the impairment is also recognised in other
comprehensive income up to the amount of any previous revaluation.

An assessment is made at each reporting date as to whether there is any indication that previously recognised
impairment losses may no longer exist or may have decreased. If such indication exists, the Company
estimates the asset’s or cash- generating unit’s recoverable amount. A previously recognised impairment loss
is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount
since the last impairment loss was recognised. If that is the case, the carrying amount of the asset is increased
to its recoverable amount. That increase cannot exceed the carrying amount that would have been determined,
net of depreciation, had no impairment loss been recognised previously. Such reversal is recognised in the profit
or loss unless the asset is measured at revalued amount, in which case the reversal is treated as a revaluation
increase.
2.6 Financial assets

Financial assets are recognised on the statement of financial position when, and only when, the Company
becomes a party to the contractual provisions of the financial instrument. The Company determines the
classification of its financial assets at initial recognition.
Non-derivative financial assets with fixed or determinable payments that are not quoted in an active market are
classified as loans and receivables. Such assets are initially recognised at fair value, plus directly attributable
transaction costs and subsequently carried at amortised cost using the effective interest method less impairment.
Gains and losses are recognised in the profit or loss when the loans and receivables are derecognised or impaired,
and through the amortisation process.
A financial asset is derecognised when the contractual right to receive cash flows from the asset has expired. On
de-recognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the
consideration received and any cumulative gain or loss that has been recognised directly in other comprehensive
income is recognised in the profit or loss.
The Company classifies the following financial assets as loans and receivables:
• Cash and short term deposits
• Other receivables
2.7 Impairment of financial assets

The Company assesses at the end of each reporting year whether there is any objective evidence that a financial
asset or group of financial assets is impaired and recognises an allowance for impairment when such evidence
exists.
If there is objective evidence that an impairment loss on loans and receivables carried at amortised cost has
been incurred, the amount of the loss is measured as the difference between the assets’ carrying amount and
the present value of estimated future cash flows discounted at the financial asset’s original effective interest
rate. If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current
effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account. The
impairment loss is recognised in the profit or loss.
If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related
objectively to an event occurring after the impairment was recognised, the previously recognised impairment
loss is reversed to the extent that the carrying amount of the financial asset does not exceed its amortised
cost at the reversal date. The amount of reversal is recognised in the profit or loss.

Cash and cash equivalents comprise cash and bank balances and fixed deposits that are readily convertible to
known amounts of cash and which is subject to an insignificant risk of changes in value.
2.9 Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and the amount of the obligation can be estimated reliably.
Provisions are reviewed at the end of each reporting year and adjusted to reflect the current best estimate. If it is
no longer probable that an outflow of economic resources will be required to settle the obligation, the provision
is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre tax
rate that reflects current market assessments of the time value of money and the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is recognised as a finance
cost.
314
2.10 Financial liabilities
Financial liabilities are recognised on the statement of financial position when, and only when, the Company
becomes a party to the contractual provisions of the financial instrument. The Company determines the
classification of its financial liabilities at initial recognition.
All financial liabilities are recognised initially at fair value plus in the case of financial liabilities not at fair value
through profit or loss, directly attributable transaction costs.
Subsequent to initial recognition, derivatives are measured at fair value. Other financial liabilities (except for
financial guarantee) are measured at amortised cost using the effective interest method.
For financial liabilities other than derivatives, gains and losses are recognised in the profit or loss when the
liabilities are derecognised, and through the amortisation process. Any gains or losses arising from changes in
fair value of derivatives are recognised in the profit or loss. Net gains or losses on derivatives include exchange
differences.
A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expired.
When an existing financial liability is replaced by another from the same lender on substantially different terms,
or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a
derecognition of the original liability and the recognition of a new liability, and the difference in the respective
carrying amounts is recognised in the profit or loss.
2.11 Employee benefits

Defined contribution plan
As required by law, the Company makes contributions to the Central Provident Fund (CPF) scheme in Singapore,
a defined contribution pension scheme. CPF contributions are recognised as compensation expenses in the
same period as the employment that gives rise to these contributions.
2.12 Borrowing Costs

Borrowing costs are recognised as expenses in the profit or loss in the period which they are incurred.
Borrowing costs consists of interest and other costs that the Company incurs in connection with the borrowing
of fund.
2.13 Leases
Operating leases
Leases where substantially all the risks and rewards incidental to ownership are retained by the lessors are
classified as operating leases. Operating lease payments are recognised as an expense in the profit or loss on a
straight-line basis over the lease term.
The aggregate benefit of incentives provided by the lessor is recognised as a reduction of rental expense over
the lease term on a straight-line basis.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company
and the revenue can be reliably measured, regardless of when the payment is made. Revenue is measured at
the fair value consideration received or receivable, taking into account contractually defined terms of payment
and excluding taxes or duty. The following specific recognition criteria must also be met before revenue is
recognised:
Revenue from rendering of services is recognised upon completion and delivery of services to the customers.
Interest income is recognised using the effective interest method.
2.15 Government grants

Government grants are recognised at their fair value where there is reasonable assurance that the grant will be
received and all attaching conditions will be complied with. Where the grant relates to an expense item, the fair
value is recognised as income in the profit or loss over the periods necessary to match them on a systematic basis
to the costs for which the grants are intended to compensate.

2.16 Income taxes
(i) Current tax

Current tax assets and liabilities for the current and prior periods are measured at the amount expected to
be recovered from or paid to the Income Tax Authorities. The tax rates and tax laws used to compute the
amount are those that are enacted or substantively enacted at the end of the reporting year.
Current taxes are recognised in the profit or loss except to the extent that the tax relates to items recognised
outside profit or loss, either in other comprehensive income or directly in equity. Management periodically
evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are
subject to interpretation and establishes provisions where appropriate.
ii) Deferred tax

Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting
year between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.
Deferred tax assets are recognised for all deductible temporary differences, carry forward of unused tax
credits and unused tax losses, to the extent that it is probable that taxable profit will be available against
which the deductible temporary differences, and the carry forward of unused tax credits and unused tax
losses can be utilised.
The carrying amount of deferred tax asset is reviewed at the end of each reporting year and reduced to the
extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the
deferred tax asset to be utilised.
Unrecognised deferred tax assets are reassessed at the end of each reporting year and are recognised to the
extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when
the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or
substantively enacted at the end of each reporting year.
Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss. Deferred
tax items are recognised in correlation to the underlying transaction either in other comprehensive income
or directly in equity.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current
tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same
taxation authority.
(iii) Sales tax

Revenues, expenses and assets are recognised net of the amount of sales tax except:
• Where the sales tax incurred on a purchase of assets or services is not recoverable from the taxation
authority, in which case the sales tax is recognised as part of the cost of acquisition of the asset or as part
of the expense item as applicable; and
• Receivables and payables that are stated with the amount of sales tax included.
The net amount of sales tax recoverable from, or payable to, the taxation authority is included as part of
receivables or payables in the statement of financial position.
2.17 Foreign currency transactions

Transactions in foreign currencies are measured and recorded in Singapore dollars on initial recognition
at exchange rates approximating those ruling at the dates of transactions. Monetary assets and liabilities
denominated in foreign currencies are translated at the rate of exchange ruling at the end of the reporting year.
Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the
exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in foreign
currency are translated using the exchange rates at the date when the fair value was determined.
Exchange differences arising on the settlement of monetary items or on translating monetary items at the end of
the reporting year are recognised in the profit or loss.
316
2.18 Share capital
Proceeds from issuance of ordinary shares are recognised as share capital in equity. Incremental costs directly
attributable to the issuance of ordinary shares are deducted against share capital, net of any tax effects.
2.19 Significant accounting judgements and estimates

The preparation of the Company’s financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure
of contingent liabilities at the end of each reporting year. However, uncertainty about these assumptions and
estimates could result in outcomes that could require a material adjustment to the carrying amount of the asset
or liability affected in the future periods.
Key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the end of each
reporting year, that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year are discussed below. The Company based its assumptions and estimates
on parameters available when the financial statements were prepared. Existing circumstances and assumptions
about future developments, however, may change due to market changes or circumstances arising beyond the
control of the Company. Such changes are reflected in the assumptions when they occur.
Useful lives of property, plant and equipment

The cost of property, plant and equipment is depreciated on a straight-line basis over the property, plant
and equipment estimated useful lives. Management estimates the useful lives of these property, plant and
equipment to be 3 years. Changes in the expected level of usage and technological developments could impact
the economic useful lives of these assets; therefore, future depreciation charges could be revised. The carrying
amounts of the Company’s property, plant and equipment at the end of the reporting year are disclosed in Note
8 to the financial statements.
Income taxes
Significant judgement is involved in determining the Company’s provision for income taxes. There are certain
transactions and computations for which the ultimate tax determination is uncertain during the ordinary course
of business. The Company recognises liabilities for expected tax issues based on estimates of whether additional
taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially
recognised, such differences will impact the income tax and deferred tax provisions in the period in which such
determination is made. The carrying amounts of the Company’s income tax payable (receivable) and deferred
tax liabilities at 31 December 2013 were $21,495(2012 - $(659)) and $4,982 (2012 - $6,413) respectively.
3. OTHER INCOME
2013 2012
$ $
SME cash grant - 5,000

PIC bonus and cash payout 56,056 -
Other interest income 3,642 3,972
Miscellaneous income 25,317 22,606
$ 85,015 $ 31,578
4. EMPLOYEE BENEFITS EXPENSE
Salaries, wages and other related costs 498,065 408,958

Employer’s contributions to Central Provident Fund 10,405 4,699
$ 508,470 $ 413,657
The above includes remuneration of key management personnel as shown in Note 16 to the financial statements.

2013 2012
$ $
5. FINANCE COSTS
FInance lease interest expenses $ 889 $ -
6. OTHER EXPENSES
The following items have been included in arriving at other expenses:
Bank Charges 72,192 48,903
General expenses 5,678 9,124
Insurance 10,591 12,969
Rental expense 255,840 188,430
Rental of software 52,431 48,424
Security service 103,739 22,833
Telecommunication 24,378 19,986
Transportation 15,714 15,064
Travelling 26,022 5,550
Utilities 29,195 22,600
7. INCOME TAX EXPENSE

Based on the results for the year
Current tax 21,495 -
Deferred tax (Note 11) (1,883) (232)
19,612 (232)
Underprovision (Overprovision) in respect of prior years
Current tax 13,912 (535)
Deferred tax (Note 11) 452 -
$ 33,976 $(766)
The reconciliation between the tax benefit and the product of accounting profit multiplied by the applicable corporate
tax rate for the years ended 31 December 2013 and 2012 is as follows:
Profit before income tax $ 278,043 $ 178,882
Tax expense calculated at tax rate of 17% (2017 - 17%) 47,267 30,410
Expenses not deductible for tax purposes 14,461 1,788
Income not subject to tax (6,979) (850)
Productivity and innovation credit - (33,748)
Singapore statutory stepped income exemption - -
Tax loss carry back to previous year - 2,168
Singapore statutory stepped income exemtion (25,925) -
Corporate income tax rebate (9,212) -
Underprovision (Overprovision) in respect of prior years
Current tax 13,912 (534)
Deferred tax 452 -
$33,976 $(766)
The Company has unutilised capital allowances carry forward available for offsetting against future taxable income as follows:
Amount at beginning of year 26,184 -
Adjustment to prior year’s balance (26,184) -
Amount in current year - 26,184
Amount at end of year $ - $ 26,184
Deferred tax benefit set off against deferred tax liabilities (Note 12) $ - $ 4,451
318
Furniture Office
Renovation Total
& fittings equipment
$ $ $ $
8. PROPERTY, PLANT AND EQUIPMENT, TOTAL
Cost:
At 1.1.2013 39,967 163,211 113,110 316,288
Additions 4,273 27,764 18,727 50,764
At 31.12.2013 44,240 190,975 131,837 367,052
Accumulated depreciation:
At 1.1.2013 27,201 121,359 64,988 213,548
Depreciation for the year 7,083 27,273 22,200 56,556
At 31.12.2013 34,284 148,632 87,188 270,104
Net book value: At 31.12.2013 $ 9,956 $ 42,343 $ 44,649 $ 96,948
Cost:
At 1.1.2012 29,524 124,711 65,060 219,295
Additions 10,443 38,500 48,050 96,993
At 31.12.2012 39,967 163,211 113,110 316,288
Accumulated depreciation:
At 1.1.2012 21,854 100,474 54,274 176,602
Depreciation for the year 5,347 20,885 10,714 36,946
At 31.12.2012 27,201 121,359 64,988 213,548
Net book value: At 31.12.2012 $ 12,766 $ 41,852 $ 48,122 $ 102,740
9. OTHER RECEIVABLES, CURRENT
2013 2012
$ $
Interest receivables 2,658 1,555
Security deposits 40,160 40,960
Advances for staff housing deposits 5,600 13,400
Prepayments 1,504 -
$ 49,922 $ 55,915
10. CASH AND CASH EQUIVALENTS

Cash and cash equivalents included in the statement of cash flows comprise the following amounts:
Fixed deposits 750,046 747,508

Cash balance 358,387 206,096
Bank balances 1,155,974 637,565
1,514,361 843,661
$ 2,264,407 $ 1,591,169

The cash and bank balances include an amount of $645,168 (2012 - $195,761) (Note 14) received from customers for
outward remittance at the end of the reporting year. The amount was subsequently remitted on 2 January 2014 (2012
– 2 January 2013).
The fixed deposits placed with banks mature between 5 – 9 months (2012- 2 – 9 months) from the end of the reporting
year and bear interest at 0.48% to 0.50% (2012 – 0.48% to 0.50%) per annum.
11. SHARE CAPITAL

Future minimum lease payments under finance lease together with the present value of net minimum lease payments
as follows:
2013 2012
Number of Share capital Number of Share capital
Shares $ Share $
Balance at beginning of year 200,000 200,000 200,000 200,000
Issue of bonus shares 800,000 800,000 - -
Balance at end of year 1,000,000 $1,000,000 200,000 $ 200,000
During the year, a bonus issue of 800,000 fully paid ordinary shares was made by the Company to existing shareholder,
by the application of $800,000 in the retained earnings account.
The holder of ordinary shares is entitled to receive dividends as and when declared by the Company. All ordinary
shares of no par value carry one vote per share without restriction.
12. DEFERRED TAX LIABILITIES
2013 2012
Deferred tax liabilities $ 4,982 $ 6,413
The movements in deferred tax liabilities during the year are as follows:
Accelerated Tax Recognised Tax

Total
Depreciation Benefits
$ $ $
Balance at 1.1.2012 6,645 - 6,645
Charged (Credited) to profit or loss – 2012
- Current year (Note 7) 4,219 (4,451) (232)
Balance at 31.12.2012 10,864 (4,451) 6,413
Charged (Credited) to profit or loss – 2013
- Current year (Note 7) (1,883) - (1,883)
- Underprovision in respect of prior year (note 7) (3,999) 4,451 452
Balance at 31.12.2013 $ 4,982 $ - $ 4,982
13. FINANCE LEASE LIABILITY

Future minimum lease payments under finance lease together with the present value of net minimum lease payments as follows:
2013 2012
Minimum lease Present value Minimum lease Present value
payment payments payment payments
$ $ $ $
Not later than one year 4,550 3,486 - -
Not later than one year but not later than five years 13,300 11,874 - -
Total minimum lease payments 17,850 15,360 - -
Less: Amount representing finance charges ( 2,490) - - -
Present value of minimum lease payments $ 15,360 $ 15,360 $ - $ -
320
The finance lease liability relates to the purchase of certain office equipment (Note 8). The effective interest rate of the
lease is at 7.13% (2012 – NA) per annum.
The obligation under finance lease is secured by the lessor’s charge over the leased asset (Note 8).
14. TRADE AND OTHER PAYABLES, CURRENT
2013 2012
$ $
Accruals 35,957 69,945
Funds received from
customers 646,672 195,761
Advanced deposit - 32,000
$ 682,629 $ 297,706
Funds received from customers are allocated to the statements of financial position as follows:
Other receivables, current (Note 9) 1,504 -
Cash and cash equivalents (Note 10) 645,168 195,761
$ 646,672 $ 195,761
The amounts of funds received from customers for outward remittance at the end of the reporting year were
subsequently remitted on 2 January 2014 (2012 - 3 January 2013)
15. OPERATING LEASE COMMITMENTS

At the end of the reporting year, the Company was committed to making the following payments in respect of rental
commitments under non-cancellable operating leases:
Leases which expire:
Within one year 102,000 102,000
Later than one year but within five years 60,000 132,000
$ 162,000 $ 234,000
16. RELATED PARTY TRANSACTIONS
An entity or individual is considered a related party for the purpose of these financial statements if it has the ability
(directly or indirectly) to control or exercise significant influence over the operating and financial decisions of the
Company or vice versa, or where it is subject to common control or common significant influence.
The Company does not have any significant related party transaction during the year.
Compensation of key management personnel
Directors Salaries, fees and other related costs $ 110,134 $ 98,789
Other than the directors, there are no other key management personnel.
17. FINANCIAL INSTRUMENTS

The Company’s financial instruments comprise financial assets and liabilities. Financial assets and liabilities mainly
relate to receivables and payables which arise directly from its operations.
Financial risk management objectives and policies
The main purpose for holding or issuing financial instruments is to raise and manage the finances for the Company’s
operating, investing and financing activities. There is exposure to the financial risks on the financial instruments such
as credit risk, liquidity risk, market risk comprising interest rate risk, foreign currency risk and other price risk exposures.
The management has certain practices for the management of financial risks. However, these are not documented in
formal written documents. The following guidelines are followed: All financial risk management activities are carried
out and monitored by senior management staff. All financial risk management activities are carried out following good
market practices.
The Company does not hold or issue derivative financial instruments for trading purposes or to hedge against
fluctuations in interest and foreign exchange rates.
The following sections provide details regarding the Company’s exposure to the above-mentioned financial risks and
the objectives, policies and processes for the management of these risks.

Credit risk
Credit risk is the risk of loss that may arise on outstanding financial instruments should a counterparty default on its
obligations. The Company’s exposure to credit risk arises primarily from other receivables. For other financial assets
(including cash and cash equivalents), the Company minimises credit risk by dealing exclusively with high credit rating
counterparties.
The Company has no significant concentration of credit risk. The Company has policies in place to ensure that transactions
are entered into only with counterparties that are of acceptable credit quality. In addition, receivable balances are
monitored on an ongoing basis with the result that the Company’s exposure to bad debts is not significant.
The maximum exposure to credit risk is represented by the net carrying amount of financial assets recorded in the
financial statements.
Cash and fixed deposits that are neither past due nor impaired are placed with or entered into with reputable financial
institutions or companies with high credit ratings and no history of default.
Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting financial obligations due to shortage of
funds. The Company’s exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets
and liabilities.
The Company ensures that there are adequate funds available to meet all its operational requirements.
As at the end of the reporting year, the expected contractual undiscounted cash outflows of financial liabilities are due
in less than a year.
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of the Company’s financial instruments will fluctuate
because of changes in market interest rates. The Company has no exposure to interest rate risks as interest arising
primarily from fixed deposits placed with the financial institution as disclosed in Note 9 to the financial statements is
fixed and does not fluctuate with changes in market interest rates.
Foreign currency risk
The Company’s operational activities are carried out in Singapore dollars which is its functional currency. All transactions
are paid mainly in local currency. Exposure to any risk arising from movements in foreign currencies exchange rates is
minimal.
Equity price risk
The Company has no exposure to equity price risk.
Capital risk management
The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going
concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal
capital structure to reduce the cost of capital.
In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to
shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.
The capital structure of the Company consists of debt, which includes borrowings (Note 13) less cash and cash
equivalents, and equity comprising retained earnings plus share capital.
The Company is in compliance with all externally imposed capital requirements.
18. FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of a financial instrument is the amount at which the instrument could be exchanged or settled between
knowledgeable and willing parties in an arm’s length transaction, other than in a forced or liquidation sale.
Financial instruments whose carrying amounts approximate fair values
Management has determined that the carrying amounts of cash and bank balances, fixed deposits, current other
receivables, and current trade and other payables, based on their notional amounts, reasonably approximate their fair
values because these are mostly short term in nature.
19. AUTHORISATION OF FINANCIAL STATEMENTS

The financial statements for the year ended 31 December 2013 were authorised for issue in accordance with a resolution
of the directors on 16 January 2014.
322
THE ACCOMPANYING FINANCIAL STATEMENTS HAVE
BEEN PREPARED FOR MANAGEMENT PURPOSES ONLY AND
DO NOT FORM PART OF THE AUDITED STATUTORY FINANCIAL STATEMENTS
APPENDIX
SUPPLEMENTARY INCOME STATEMENT A
STATEMENT OF REMITTANCE TRANSACTIONS B

APPENDIX A
SUPPLEMENTARY INCOME STATEMENT
Ffor the year ended 31 December 2013
2013 2012
$ $
REVENUE 1,423,912 1,050,390
Add:
OTHER INCOME
PIC bonus and cash payout 56,056 -
SME cash grant - 5,000
Interest income 3,642 3,972
Miscellaneous income 25,317 22,606
85,015 31,578
1,508,927 1,081,968
Less:
EXPENSES
Accounting fee 4,400 4,200
Advertisement 2,160 3,700
Auditors’ remuneration 4,000 4,000
Bank charges 72,192 48,903
Business development 1,493 5,012
Casual labour 50,611 32,764
CPF 10,405 4,699
Depreciation 56,556 36,946
Directors’ fee 2,000 4,000
General expenses 889 -
Finance lease interest 5,678 9,124
Insurance 10,591 12,969
Licence fee 6,350 5,250
Medical expenses 14,673 11,361
Newspaper & periodicals 380 256
Postage & courier 1,591 2,548
Professional & legal fee 3,272 2,200
Rental expense 255,840 188,430
Repair and maintenance 4,855 3,778
Rental of software 52,431 48,424
Salaries and bonuses 422,598 356,055
Secretarial fee 4,675 3,530
Security service 103,739 22,833
Staff welfare 8,183 4,778
Telecommunication 24,378 19,986
Transportation 15,714 15,064
Travelling 26,022 5,550
Utilities 29,195 22,600
1,230,884 903,086
PROFIT BEFORE INCOME TAX $ 278,043 $ 178,882
The above statement does not form part of the audited statutory financial statements of the Company
324
APPENDIX B
STATEMENT OF REMITTANCE TRANSACTIONS
2013 2012
$ $
Total volume of outward remittances $ 184,202,342 $ 154,497,666
Number of remittance transactions for the year 287,674 209,784
The above statement does not form part of the audited statutory financial statements of the Company

326
AGRANI REMITTANCE HOUSE SDN. BHD.
Company No. 706823-M (Incorporated in Malaysia)
CORPORATE INFORMATION
BOARD OF DIRECTORS : DR. KHONDOKER BAZLUL HOQUE

SYED ABDUL HAMID
MOHAMMAD SHAMS-UL-ISLAM
MANTU KUMAR BISWAS
SAID ABU HASSAN BIN SAID ABUL FAZAL
MD. WALI ULLAH
COMPANY SECRETARIES : NIK HISHAM BIN NIK ABD HALIM

(BC/N/290)
FAKIHAH BINTI AZAHARI

(BC/F/078)
REGISTERED OFFICE : NO.9B, JALAN TC 2A/1

TAMAN CEMERLANG
53100 KUALA LUMPUR.
PRINCIPAL PLACE OF BUSINESS : 14-16, JALAN HANG KASTURI

50050 KUALA LUMPUR.
AUDITORS : AHAMAD NAINA MYDIN & ASSOCIATES

AF: 0938
CHARTERED ACCOUNTANTS
PRINCIPAL BANKERS : MALAYAN BANKING BERHAD

RHB BANK BERHAD
Agrani Remittance House SDN. BHD.


DIRECTORS’ REPORT
The directors hereby submit their report together with the audited financial statements of the Company for the
financial year ended 31 December 2013.
PRINCIPAL ACTIVITY
The principal activity of the company during the financial year is that of providing remittance services from Malaysia
to Bangladesh. There has been no significant change in this principal activity during the financial year.
FINANCIAL RESULTS
Profit for the year before taxation RM

Taxation 207,086
Net profit for the year after taxation (42,078)
165,008
DIVIDENDS
No amount has been paid or declared or recommended to be paid by way of dividend during the financial year.
DIRECTORS
The directors who held office during the year since the date of the last report are:-
DR. KHONDOKER BAZLUL HOQUE - Chairman

SYED ABDUL HAMID
MOHAMMAD SHAMS-UL-ISLAM
MANTU KUMAR BISWAS
SAID ABU HASSAN BIN SAID ABUL FAZAL
MD. WALI ULLAH - Chief Executive Officer
DIRECTORS’ BENEFITS
During and at the end of the financial year, no arrangements subsisted to which the Company is a party, with the
object or objects of enabling the directors of the Company to acquire benefits by means of acquisition of shares or
debentures of, the Company or any other body corporate.
No director has since the end of the previous financial year, received or become entitled to receive any benefit
(other than a benefit included in the aggregate amount of emoluments received or due and receivable by directors
shown in the financial statements or the fixed salary of a full-time employee of the Company) by reason of a
contract made by the Company or a related corporation with the director or with a firm of which the director is a
member, or with a company in which the director has a substantial financial interest.
DIRECTORS’ INTERESTS
According to the register of directors’ shareholdings, none of directors in office at the end of the financial year held
any share in the Company during the financial year ended 31 December 2013.
RESERVES AND PROVISIONS
There were no material transfers to and from reserves or provisions during the year.
328
ISSUE OF SHARES AND DEBENTURES
The Company has not issued any debentures during the financial year.
During the year the paid-up capital has been increased from RM1,000,000 to RM2,000,000 by issuance of additional
1,000,000 ordinary shares of par value of RM1 each.
BAD AND DOUBTFUL DEBTS
Before the income statement and the balance sheet were made out, the directors took reasonable steps to
ascertain that action has been taken in relation to the writing off of bad debts and the making of allowance for
doubtful debts, and had satisfied themselves that all known bad debts have been written off and that adequate
allowance has been made for doubtful debts.
At the date of this report, the directors are not aware of any circumstances, which would render the amount written
off for bad debts or the amount of the allowance for doubtful debts in the financial statements of the company
inadequate to any substantial extent.
CURRENT ASSETS
Before the income statement and balance sheet of the company were made out, the directors took reasonable
steps to ensure that any current assets, other than debts, which were unlikely to realise in the ordinary course of
business their values as shown in the accounting records of the company have been written down to an amount
which they might be expected to realise.
At the date of this report, the directors are not aware of any circumstances, which would render the values attributed
to the current assets in the financial statements of the company misleading.
VALUATION METHODS
At the date of this report, the directors are not aware of any circumstances which have arisen which render
adherence to the existing method of valuation of assets or liabilities of the Company misleading or inappropriate.
CONTINGENT AND OTHER LIABILITIES
At the date of this report, there does not exist :
i) any charge on the assets of the company which has arisen since the end of the financial year which secures
the liabilities of any other person ; or
ii) any contingent liability which has arisen since the end of the financial year.
No contingent or other liability has become enforceable, or is likely to become enforceable within the period of
twelve months after the end of the financial year which, in the opinion of the directors, will or may effect the ability
of the company to meet its obligations as and when they fall due.
CHANGE OF CIRCUMSTANCES
At the date of this report, the directors are not aware of any circumstances, not otherwise dealt with in this report or
the financial statements which would render any amount stated in the financial statements misleading.
ITEMS OF AN UNUSUAL NATURE
The results of the operations of the Company for the year ended 31 December 2013 were not, in the opinion of the
directors, substantially affected by any item, transaction or event of a material and unusual nature.

EVENTS SUBSEQUENT TO BALANCE SHEET DATE
There has not arisen in the interval between the end of the financial year and the date of this report any item,
transaction or event of a material and usual nature likely, in the opinion of the directors, to affect substantially the
results of the operations of the Company for the financial year in which this report is made.
OPTIONS
No option has been granted during the year ended covered by the income statement to take up unissued shares
of the Company.
AUDITORS
The retiring auditors, MESSRS. AHAMAD NAINA MYDIN & ASSOCIATES, have indicated their willingness to be
re-appointed in accordance with Section 172(2) of the Companies Act, 1965.
SIGNED ON BEHALF OF THE BOARD OF DIRECTORS IN ACCORDANCE WITH A RESOLUTION OF THE

DIRECTORS
DR. KHONDOKER BAZLUL HOQUE

Chairman/Director
SYED ABDUL HAMID MOHAMMAD SHAMS-UL ISLAM

Director Director
MANTU KUMAR BISWAS SAID ABU HASSAN BIN SAID

Director ABUL FAZAL
Director
MD. WALI ULLAH

Director
Kuala Lumpur
Dated: 28 Jan 2014
330
STATEMENT BY DIRECTORS
We, MD. WALI ULLAH and MANTU KUMAR BISWAS, being two of the directors of AGRANI REMITTANCE HOUSE
SDN. BHD., do hereby state that in the opinion of the directors, the accompanying balance sheet and related
statements of income, changes in equity and cash flow are drawn up in accordance with the MASB Malaysian
Private Entities Reporting Standards (MPERS) and the provisions of the Companies Act, 1965 in Malaysia so as to
give a true and fair view of the financial position of the Company as at 31 December 2013 and of the results and
cash flows of the Company for the financial year then ended.
MD. WALI ULLAH MANTU KUMAR BISWAS

Director Director
Kuala Lumpur
Dated: 28 Jan 2014

STATUTORY DECLARATION
I, MD. WALI ULLAH, being the director primarily responsible for the financial management of AGRANI REMITTANCE
HOUSE SDN. BHD.,do solemnly and sincerely declare that the financial statements are, to the best of my knowledge
and belief, correct, and I make this solemn declaration conscientiously believing the same to be true, and by virtue
of the provisions of the Statutory Declarations Act, 1960.
MD. WALI ULLAH

Director
Subscribed and solemnly declared by the above named at Kuala Lumpur in the State of Federal Territory on 28 Jan
2014
Before me,
Commissioner for Oaths
332
INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF
Report on the financial statement
We have audited the financial statements of AGRANI REMITTANCE HOUSE SDN. BHD. which comprise the balance sheet
as at 31 December 2013 and the income statement, statement of changes in equity and cash flow statement for the year
then ended, and a summary of significant accounting policies and other explanatory notes.
Directors’ responsibility for the financial statements

The directors of the company are responsible for the preparation and fair presentation of these financial statements in
accordance with the MASB Malaysian Private Entities Reporting Standards (MPERS) and the Companies Act, 1965 in Malaysia.
This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and
applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit
in accordance with approved standards on auditing in Malaysia. Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from
material misstatement.
statements. The procedures selected depend on our judgment, including the assessment of risks of material misstatement
of the financial statements, whether due to fraud or error. In making those risks assessments, we consider internal control
relevant to the Company’s preparation and fair presentation of the financial statements in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the Company’s internal control. An audit also includes evaluating the appropriateness of accounting policies used the
reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the financial
statements.
We believe that audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements have been properly drawn up in accordance with the MASB Malaysian Private Entities
Reporting Standards (MPERS) and the Companies Act, 1965 in Malaysia so as to give a true and fair view of the financial
position of the company as of 31 December 2012 and of its financial performance and cash flows for the year then ended.
Report on the other legal and regulatory requirements

In accordance with the requirements of the Company’s Act, 1965 in Malaysia, we also report that in our opinion, the
accounting and other records and the registers required by the Act to be kept by the Company have been properly kept in
accordance with the provisions of the Act.
Other matters
This report is made solely to the members of the Company, as a body, in accordance with Section 174 of the Company’s Act,
1965 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.

AHAMAD NAINA MYDIN & ASSOCIATES AHAMAD NAINA BIN MOHAMED MYDIN
[NO. AF: 0938] [Approval No. 1468/12/14(J)]
Chartered Accountants
Kuala Lumpur
Dated: 28 Jan 2014

BALANCE SHEET
AS At 31 December 2013
2013 2012
Note RM RM
ASSETS
Non-current assets
Property, plant and equipment 3 180,929 81,024
180,929 81,024
CURRENT ASSETS
Other receivables and deposits 33,650 15,070

Tax recoverable - 78,264
Fixed deposit placed with licensed bank 2,200,000 2,000,000
Cash and bank balances 4 1,616,796 2,781,955
3,850,446 4,875,289
TOTAL ASSETS 4,031,375 4,956,313
EQUITY AND LIABILITIES

Equity and liabilities attributable to equity holders
of the company
Share capital 5 2,000,000 1,000,000

Retained earnings 986,554 821,546
Shareholders’ equity 2,986,554 1,821,546
CURRENT LIABILITIES
Trade payables 729,832 2,202,882

Other payables and accruals 63,340 4,000
Amount due to holding company 6 243,901 927,885
Provision of taxation 7,748 -
1,044,821 3,134,767
TOTAL EQUITY AND LIABILITIES 4,031,375 4,956,313
334
INCOME STATEMENT
2013 2012
Note RM RM
Revenue 7 1,247,541 943,759
Gross profit 1,247,541 943,759
Add : Other Income 81,086 35,250
Less: Operational expenditure

Administrative expenses (947,931) (868,855)
Distribution expenses (89,882) (20,235)
Other operating expenses (77,436) (62,842)
(1,115,249) (951,932)
Profit from operations 8 213,378 27,077
Finance expenses (6,292) (4,949)
Profit before taxation 207,086 22,128
Taxation 10 (42,078) (10,037)
NET PROFIT FOR THE YEAR AFTER TAXATION 165,008 12,091

Accumulated
Share Capital Total
Profit
RM RM
RM
As at 01.01.2012 1,000,000 809,455 1,809,455
Net profit for the year after taxation - 12,091 12,091
As at 31.12.2012 1,000,000 821,546 1,821,546
As at 01.01.2013 1,000,000 821,546 1,821,546
Issued during the year 1,000,000 - 1,000,000
Net profit for the year after taxation - 165,008 165,008
As at 31.12.2013 2,000,000 986,554 2,986,554
336
CASH FLOW STATEMENT
2013 2012
RM RM
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 207,086 22,128

Adjustments for:
Depreciation of property, plant and equipment 43,310 29,282
Operating loss before working capital changes 250,396 51,410
CHANGES IN WORKING CAPITAL
Receivables (18,580) 1,700

Payables (1,413,710) 1,342,829
(1,432,290) 1,344,529
Cash (used in) / generated from operations (1,181,894) 1,395,939
Tax paid (34,050) (17,600)
Tax refund 77,984 -
Net cash (used in) / generated from operating activities (1,137,960) 1,378,339
CASH FLOWS FROM INVESTING ACTIVITY

Purchase of property, plant and equipment (143,215) (40,315)
Proceeds from the issue of share capital 1,000,000 -
Net cash generated from / (used in) investing activity 856,785 (40,315)
CASH FLOWS FROM FINANCING ACTIVITIES

Advance by / repayment to holding company (683,984) 288,083
Net cash (used in) / generated from financing activities (683,984) 288,083
Net (decrease) / increase in cash and cash equivalent (965,159) 1,626,107

Cash and cash equivalent at beginning of the year 4,781,955 3,155,848
Cash and cash equivalent at end of the year 3,816,796 4,781,955
Cash and Cash equivalent comprise of:

Cash in hand 1,521 2,257
Cash at bank 1,615,275 2,779,698
Fixed deposit 2,200,000 2,000,000
3,816,796 4,781,955

NOTES TO THE FINANCIAL STATEMENTS
1. GENERAL INFORMATION
The principal activity of the company during the financial year is that of providing remittance services from
Malaysia to Bangladesh. There has been no significant change in this principal activity during the financial year.
The company is a private limited liability Company, incorporated and domiciled in Malaysia. The registered
office of the Company is located at No.9B, Jalan TC 2A/1, Taman Cemerlang, 53100 Kuala Lumpur.
The number of employees in the Company at the end of the financial year were 4 (2012:4)
The financial statements were authorised for issue by the Board of Directors in accordance with a resolution
of the directors on 28 Jan 2014.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Company have been prepared under the historical cost convention,
unless otherwise stated in the individual accounting policies set out below and comply with the
provisions of the Companies Act, 1965 and the Malaysian Private Entities Reporting Standards (MPERS)
issued by Malaysian Accounting Standards Board (MASB).
The preparation of financial statements in conformity with the applicable MPERS in Malaysia requires
the use of certain accounting estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the financial year. It also
requires the directors to exercise their judgements in the progress of applying the Company accounting
policies. Although these estimates and judgements are based on the directors’ best knowledge of
current events and actions, actual results may differ.
2.2 Significant Accounting Policies

(a) Property, plant and equipment and depreciation
All property, plant and equipment were initially stated at cost. Properties which have been subsequently
revalued, are stated at valuation less accumulated depreciation and impairment loss, if any. All
other property, plant and equipment are stated at historical cost less accumulated depreciation and
impairment loss, if any. The policy for the recognition and measurement of impairment losses is in
accordance with Note 2.2(e).
Cost includes expenditure that is directly attributable to the acquisition of the asset. When significant
parts of an item of property, plant and equipment have different useful lives, they are accounted for as
separate items of property, plant and equipment.
The cost of replacing part of an item of property, plant and equipment is included in the asset’s carrying
amount or recognised as a separate asset, as appropriate, only when it is probable that the future
economic benefits associated with the part will flow to the Company and its cost can be measured
reliably. The carrying amount of the replaced part is derecognised. All other repairs and maintenance
are charged to the income statement as incurred.
338
2.2 Significant Accounting Policies (Continued)
(a) Property, plant and equipment and depreciation (Continued)
Depreciation is charged on a straight line basis so as to write off the costs of the assets to their residual
values over the term of their estimated useful lives. The annual rates used for this purpose are as follows:-
%
Furniture and fittings 10
Office equipment 10
Renovation 10
Computer 20
Electrical material 20
Security systems 10
Signboard 10
The residual values, useful lives and depreciation method are reviewed, and adjusted if appropriate, at
each balance sheet date.
Fully depreciated assets are retained in the accounts until the assets are no longer in use.
An item of property, plant and equipment is derecognised upon disposal or when no future economic
benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is
included in the income statement in the year the asset is derecognised.
(b) Receivables
Receivables are carried at anticipated realisable values. Bad debts are written off when identified. An estimate
is made for doubtful debts based on review of all outstanding amounts as at the balance sheet date.
(c) Payables
Payables are stated at cost, which is the fair value of the consideration to be paid in the future for goods
and services received.
(d) Taxation
The tax expense in the income statement represents the aggregate amount of current tax and deferred
tax. Current tax is the expected amount of income taxes payable in respect of the taxable profit for the
year and is measured using the tax rates that have been enacted at the balance sheet date.
Deferred tax is provided for, using the liability method, on temporary differences at the balance sheet date
arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements.
In principle, deferred tax liabilities are recognised for all taxable temporary differences and deferred tax
assets are recognised for all deductible temporary differences, unused tax losses and unused tax credits
to the extent that it is probable that taxable profit will be available against which the deductible temporary
differences, unused tax losses and unused tax credits can be utilised. Deferred tax is not accounted for if it
arises from initial recognition on an asset or liability in a transaction other than a business combination that at
the time of the transaction affects neither accounting nor taxable profit or loss.
Deferred tax is measured at the tax rates that are expected to apply in the period when the asset is
realised or the liability is settled, based on tax rates that have been enacted or substantively enacted at
the balance sheet date. Deferred tax is recognised in the income statement, except when it arises from
a transaction which is recognised directly in equity, in which case the deferred tax is also charged or
credited directly in equity, or when it arises from a business combination that is an acquisition, in which
case the deferred tax is included in the resulting goodwill or the amount of any excess of the acquiree’s
interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities over
the cost of the combination.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
2.2 Significant Accounting Policies (Continued)
(e) Impairment of assets

The carrying amounts of assets other than inventories, assets and non-current assets held for sale, are
reviewed at each balance sheet date to determine whether there is any indication of impairment.
If any such indication exists, the asset’s recoverable amount is estimated to determine the amount of
impairment loss. For goodwill and intangible assets that have indefinite useful lives or that are not yet
available for use, the recoverable amount is estimated at each reporting date.
An impairment loss is recognised if the carrying amount of an asset or its cash generating unit exceeds
its recoverable amount unless the asset is carried at a revalued amount, in which case the impairment
loss is recognised directly against any revaluation surplus for the asset to the extent that the impairment
loss does not exceed the amount in the revaluation surplus for that same asset. A cash-generating unit
is the smallest identifiable asset group that generates cash flows that largely are independent from
other assets and groups. Impairment losses are recognised in the income statement. Impairment losses
recognised in respect of cash-generating units are allocated first to reduce the carrying amount of any
goodwill allocated to the units and then to reduce the carrying amount of the other assets in the unit
on a prorata basis.
The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair
value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their
present value using a pre-tax discount rate that reflects current market assessments of the time value of
money and the risks specific to the asset.
An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses
recognised in prior periods are assessed at each reporting date for any indications that the loss has
decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates
used to determine the recoverable amount. An impairment loss is reversed only to the extent that the
asset’s carrying amount does not exceed the carrying amount that would have been determined, net of
depreciation or amortisation, if no impairment loss had been recognised.Reversals of impairment losses
are credited to the income statement in the year in which the reversals are recognised, unless it reverses
an impairment loss on a revalued asset, in which case it is credited directly to revaluation surplus. Where
an impairment loss on the same revalued asset was previously recognised in the income statement, a
reversal of that impairment loss is also recognised in the income statement.
(f) Employee Benefits

(i) Short term employee benefits
Wages, salaries, allowances, social security contribution, bonuses and non-monetary
benefits are recognised as an expense in the year in which the associated services are
rendered by the employees.Short term accumulating compensated absences such as
paid annual leave are recognised when services are rendered by employees that increase
their entitlement to future compensated absences, and short term non-accumulating
compensated absences such as sick leave are recognised when the absences occur.
(ii) Post-employment benefits

The Company contributes to the Employees’ Provident Fund, the national defined
contribution plan. The contributions are charged to the income statement in the period
to which they are related. Once the contributions have been paid, the Company has no
further payment obligations.
(g) Cash and Cash Equivalents

Cash and cash equivalents for the purpose of cash flow statement comprise cash in hand and bank
balances.
340
As at As at
Additions Disposal
01.01.2013 31.12.2013
3. PROPERTY, PLANT AND EQUIPMENT
Cost
Renovation 27,550 72,015 - 99,565
Furniture and fittings 70,879 9,645 - 80,524
Office equipment 37,958 29,307 - 67,265
Computer 74,146 16,128 - 90,274
Electrical material 10,868 - - 10,868
Security systems - 13,040 - 13,040
Signboard - 3,080 - 3,080
Total 221,401 143,215 - 364,616
Accumulated Depreciation
Renovation 11,020 7,202 - 18,222
Furniture and fittings 52,502 13,870 - 66,372
Office equipment 12,388 10,188 - 22,576
Computer 59,931 8,264 - 68,195
Electrical material 4,536 2,174 - 6,710
Security systems - 1,304 - 1,304
Signboard - 308 - 308
Total 140,377 43,310 - 183,687
Net Book Value

2013 2012
RM RM
Renovation 81,343 16,530

Furniture and fittings 14,152 18,377
Office equipment 44,689 25,570
Computer 22,079 14,215
Electrical material 4,158 6,332
Security systems 11,736 -
Signboard 2,772 -
180,929 81,024
4. CASH AND BANK BALANCES
Cash and cash equivalents comprise of:
Cash in hand 1,521 2,257
Cash at bank 1,615,275 2,779,698
1,616,796 2,781,955

2013 2012
RM RM
5. SHARE CAPITAL
Authorised:-
Ordinary shares of RM1.00 each
As at 1 January 2013 1,000,000 1,000,000
Created during the year 4,000,000 -
As at 31 December 2013 5,000,000 1,000,000
Issued and fully paid:-

Ordinary shares of RM 1.00 each
As at 1 January 2013 1,000,000 1,000,000
Issued during the year 1,000,000 -
As at 31 December 2013 2,000,000 1,000,000
* Share capital issued during the financial period was wrongly shown as cash consideration instead of otherwise in
form 24.
6. AMOUNT DUE TO HOLDING COMPANY
This amount is interest free, unsecured and has no fixed term of repayment.
7. REVENUE
Revenue consists of services charges 1,247,541 943,759
8. PROFIT FROM OPERATIONS
The following items have been charged / credited in arriving at profit from operations:
After Charging
Auditor’s remuneration 8,000 4,000
Directors’ fees 166,106 193,476
Rental 86,500 72,000
After crediting:
Other income 10,780 7,860
Fixed deposit interest 70,306 27,390
9. STAFF COSTS
Salaries and allowance 386,457 344,441

EPF and SOCSO 1,366 2,288
387,823 346,729
342
2013 2012
RM RM
10. TAXATION
Balance brought forward (78,264) (70,701)
Tax expenses for the year 42,078 10,037
(36,186) (60,664)
Tax paid (34,050) (17,600)

Tax refund 77,984 -
Balance carried forward 7,748 (78,264)
These amounts are subject to agreement by the Inland Revenue Board.

Domestic income tax is calculated at the Malaysia statutory tax rate of 20% of the estimated assessable profit for the year.
10. TAXATION
A reconciliation of income tax expenses applicable to profit before taxation at the statutory income tax rate to income tax
expenses at the effective income tax rate of the Company is as follows:
Profit for the year 207,086 22,128
Tax at Malaysian statutory tax rate of 20% 41,417 4,426

Expenses not deductible for tax purpose 14,894 9,036
Utilisation of capital allowance (14,233) (3,424)
Tax expenses for the year 42,078 10,037
11. DIRECTOR FEE

Chief Executive Officer 154,106 181,476
Director fee for attending meeting 12,000 12,000
166,106 193,476
12. FINANCIAL RISK MANAGEMENT

The Company’s financial risk management policy seeks to ensure that adequate financial resources are available for the
development of the Company’s business whilst managing its risks. The Company operates within clearly defined guidelines that
are approved by the Board and the Company’s policy is not to engage in speculative transactions.
The main areas of financial risks faced by the Company and the policy in respect of the major areas of treasury activity are
set out as follows:
a) Credit Risk
Credit risk is the risk of loss that may arise on outstanding financial instruments should a counterparty default on
its obligations. The company’s exposure to credit risk arises primarily from other receivables and financial assets
(including cash and cash equivalents)
The credit risk is controlled by the application of credit approvals, limit and monitoring procedures. An internal credit
review is conducted if the credit risk is material.
b) Operational risk
The company ensures quick and proper management of operational risk which may arise from fraud, error, omission,
unauthorised activities, inefficiency, system failure from external events.
c) Market risk
The market risk which may drive from loss of earnings due to change in the interest rate, foreign exchange rate etc.
is handled with care by the company.
d) Interest rate risk
Interest rate risk is the risk that the fair value of future cash flows of the Company’s financial instruments will fluctuate
because of changes in market interest rates. The Company has no exposure to interest rate risks as interest arising
pimarily from fixed deposits placed with the financial institutions which are fixed and does not fluctuate with changes
in market interest rates.
e) Liquidity and Cash Flow Risk
The Company actively manages its operating cash flows and availability of funding so as to ensure that all refinancing,
repayment and funding needs are met. As part of its overall prudent liquidity management, the Company maintains
sufficient levels of cash to meet its working capital requirements.
13. HOLDING COMPANY

Agrani Bank Limited, company incorporated in Bangladesh, is the Holding Company holding 100% of the paid up share
capital of the company.

For Management Purposes Only
DETAILED INCOME STATEMENT

2013 2012
RM RM
REVENUE 1,247,541 943,759
ADD: OTHER INCOMES

Other income 10,780 7,860
Fixed deposit interest 70,306 27,390
81,086 35,250
1,328,627 979,009
LESS : OPERATIONAL EXPENDITURE
Administrative expenses Appendix I 947,931 868,855

Finance expenses Appendix I 6,292 4,949
Distribution expenses Appendix I 89,882 20,235
Other operating expenses Appendix I 77,436 62,842
1,121,541 956,881
PROFIT BEFORE TAXATION 207,086 22,128
344
For Management Purposes Only
Appendix I
DETAILED INCOME STATEMENT
2013 2012
RM RM
ADMINISTRATIVE EXPENSES
Advertisement - 5,200
Auditor’s remuneration 8,000 4,000
Accommodation 10,945 -
Compound 1,790 -
Donation 600 550
Directors’ fees 166,106 193,476
Electricity and water 46,523 39,846
EPF and SOCSO 1,366 2,288
Expenses for board meeting 5,194 5,649
Licences fee 5,866 -
Magazine and periodicals 311 533
Medical expenses and staff welfare 2,889 15,971
Postage and courier 992 1,738
Printing and stationery 9,805 7,106
Professional fee 10,413 6,947
Rental 86,500 72,000
Salaries and allowance 386,457 344,441
Secretarial fee 4,566 -
Security charges 100,734 96,606
Subscription fees 2,500 -
Telephone and fax 18,222 10,173
Visa 1,980 15,862
947,931 868,855
DISTRIBUTION EXPENSES
Travelling and transport 89,882 20,235
89,882 20,235
FINANCE EXPENSES
Remittance charges 6,292 4,949
6,292 4,949
OTHER OPERATING EXPENSES
Upkeep of premises 16,556 8,043
Upkeep of computer 15,756 17,059
Upkeep of maintenance 1,814 8,458
77,436 62,842
TOTAL EXPENSES 1,121,541 956,881

346
Head Office Divisions
Circle, Zone, Branch
Corporate Branch
Authorised Dealer Branch
Zone-wise Branch

Head Office Divisions
Planning Co-Ordination and Marketing Division
Branch and Subsidiaries Unit Control Division
Credit Policy and Credit Risk Management Division
Industrial Credit Division
Rural Credit Division
SME Credit Division
Recovery and NPA Management Division
Information Technology and MIS Division
Establishment and Engineering Division
Procurement and Common Service Division
Treasury Division
HR Planning Deployment and Operations Division
HR Discipline Grievances and Appeal Division
HR Training Research and Development Division
Vigilance Division
Company Affairs and Board Division
International Trade and Foreign Currency Management Division
Foreign Remittance Division
Law Division
Central Accounts Division
Reconciliation Division
Public Relations Division
Core Risk Management and BASEL-II Implementation Division
Audit & Inspection Division 1
Audit Monitoring Division
Audit Compliance Division (Internal)
Audit Compliance Division (External)
Green Banking Division
Card Division
348
349 Annual Report 2013 t
Industrial Credit Division
Rural Credit Division
GM
DMD
Credit
SME Credit Division

CPCRMD
CRM & BASEL-II Impl. Div.
GM
CRM
Amin Court Corp. Branch

Recovery & NPA Management Div.
Law Div., BSUCD, PCMD
Est. & Eng. Division
GM
Proc. & Common Services Div.

Recovery
Bangabandhu Ave. Corp. Br.

Treasury Division
Foreign Remittance Division
ID
GM
IT & FCMD
HRPDOD
ABTI
GM
Foreign Ex. Corp. Branch

HRPDOD
IT & MIS Division

IT
Card Division
GM
Reconciliation Division
HRDGAD
Treasury Division
Vigilance Division
DMD
Green Banking Division
Company Affairs & Board Div.

GM
Public Relations Division
Board
CAD
Purana Paltan Corp. Branch
GM
CFO
Ramna Corp. Branch

Company Affairs & Board Division
In Bangladesh
Agrani Equity & Investment Limited

Agrani SME Financing Company Limited

Internal Control & Compliance Div.
ICC
GM
External Control & Compliance Div.

Audit Monitoring Division
Principal Branch
GM
5 Zones
WASA Corp. Branch
Green Road Corp. Branch
GM
MD & CEO
DC-1
70 Branches
Board of Directors
Islami Banking Unit

5 Zones
B. WAPDA Corp. Branch
GM
DC-2
64 Branches
5 Zones
Laldighi East Corp. Branch
Agrabad JB Corp. Branch
GM
Ctg.
Circle
Commercial Area Corp. Branch

72 Branches
9 Zones
DMD
Sir Iqbal Road Corp. Branch

GM
Circle
Six Subsidiary Companies of Agrani Bank Limited

Clay Road Corp. Branch
128 Branches Khulna
In Overseas
Executive Committee
9 Zones
Agrani Remittance House Canada Inc., Canada

Saheb Bazar Corp.Branch
GM
Circle
Corporate Organogram of Agrani Bank Limited
138 Branches
Rajshahi
5 Zones
GM
55 Branches
Circle
Agrani Remittance House Sdn. Bhd., Malaysia (4 branches)

Barisal
Agrani Exchange Company (Australia) Pty. Limited, Australia

Agrani Exchange House Private Limited, Singapore (4 branches)
3 Zones
Laldighirpar Corp. Branch
GM
Circle
Sylhet
57 Branches
Audit Committee
7 Zones
GM
108 Branches
Circle
Comilla
5 Zones
GM
64 Branches
Circle
Rangpur
3 Zones
GM
39 Branches
Circle
Faridpur
6 Zones
GM
89 Branches
Circle
DMD
Mymensingh
Name and Address of
Circles
Dhaka Circle 1
Sun Moon Star Tower (12th Floor)
25/A Dilkusha C/A, Dhaka-1000
Dhaka Circle 2
Sun Moon Star Tower (12th Floor)
25/A Dilkusha C/A, Dhaka-1000
Chittagong Circle
Kaderi Chamber
37 Agrabad, Chittagong
Khulna Circle
Shilpa Bank Bhaban (4th Floor), Khulna
Rajshahi Circle
Lakshmipur, Rajshahi
Barisal Circle
Agrani Bank Bhaban
Sadar Road, Barisal
Sylhet Circle
28/A Bihongo, Kazitola, Sylhet
Rangpur Circle
Central Road, Rangpur
Comilla Circle
Engineering Institutions Market
Tomsom Bridge, Laksham Road Comilla
Mymensingh Circle
Chotto Bazar, Mymensingh
Faridpur
Chawk Bazar, Faridpur
350
Name of Zones with
Number of Branches
Sl No. of Sl No. of
Name of Zone Name of Zone
No. Branch No. Branch
1 Bagerhat 13 32 Joypurhat 9
2 Barisal 18 33 Khulna North 13
3 Bhola 9 34 Khulna South 14
4 Bogra North 15 35 Kishoregonj 12
5 Bogra South 15 36 Kurigram 10
6 Borguna 7 37 Kushtia 21
7 Brahmanbaria 15 38 Laxmipur 13
8 Chandpur 20 39 Madaripur 10
9 Chapai Nawabgonj 13 40 Manikgonj 11
10 Chittagong East & Hill Tract 12 41 Moulvibazar 18
11 Chittagong Mohanagar-1 13 42 Munshigonj 14
12 Chittagong Mohanagar-2 14 43 Mymensingh 17
13 Chittagong North 16 44 Narail 10
14 Chittagong South 16 45 Narayangonj 11
15 Chuadanga 14 46 Narsingdi 10
16 Comilla North 15 47 Natore 12
17 Comilla South 17 48 Netrokona 11
18 Dhaka Central 15 49 Naogaon 12
19 Dhaka East 14 50 Noakhali 13
20 Dhaka North 14 51 Pabna 24
21 Dhaka South 15 52 Patuakhali 12
22 Dhaka West 14 53 Pirojpur 7
23 Dinajpur 16 54 Rajshahi 17
24 Faridpur 17 55 Rangpur 16
25 Feni 14 56 Satkhira 10
26 Gaibandha 11 57 Sherpur 6
27 Gazipur 16 58 Sirajgonj 20
28 Gopalgonj 11 59 Sylhet East 19
29 Jamalpur 14 60 Sylhet West 20
30 Jessore 18 61 Tangail 24
31 Jhenaidah 15 62 Thakurgaon 10
Sub - Total 872
Corporate Braches 27
Total 899

List of
Corporate Branches
Sl Sl
No. Name & Address No. Name & Address
1 Principal Branch 15 Banani Corporate Branch

9/D Dilkusha C/A, Motijheel, Dhaka 1000 Banani, Dhaka
2 Amin Court Corporate Branch 16 B. WAPDA Corporate Branch

62/63 Motijheel C/A, Dhaka 1000 Ellal Chamber, Motijheel C/A, Dhaka 1000
3 Ramna Corporate Branch 17 Dhaka Sheraton Hotel Corporate Branch

18 Bangabandhu Avenue, Dhaka 1000 Sheraton Hotel, Dhaka 1000
4 Foreign Exchange Corporate Branch 18 Green Road Corporate Branch

1/B DIT Avenue, Motjheel, Dhaka 1000 28 Green Road, Dhaka 1205
5 Bangabandhu Avenue Corporate Branch 19 Moulavibazar Corporate Branch

32 Bangabandhu Avenue, Dhaka 1000 144 Mitford Road, Dhaka
6 Purana Paltan Corporate Branch 20 Nawabpur Road Corporate Branch

56 Purana Paltan, Dhaka 1000 243-244 Nawabpur Road, Dhaka
7 Laldighi East Corporate Branch 21 Sadarghat Branch

1012-1013 Laldighi East, Chittagong 4100 3/7 Johnson Road, Sadarghat,Dhaka
8 Commercial Area Corporate Branch 22 Tejgaon Industrial Area Corporate Branch

28 Sayada Court, Agrabad C/A 315/A, Tejgaon I/A
Chittagong 4100 Dhaka 1215
9 Agrabad Jahan Building Corporate Branch 23 Clay Road Corporate Branch

Jahan Building, 24 Agrabad C/A Clay Road, Khulna 9100
Chittagong 4100
10 Sir Iqbal Road Corporate Branch 24 Bangabandhu Road Corporate Branch

25 Sir Iqbal Road, Khulna 9100 Bangabandhu Road, Narayanganj 1400
11 Asadgonj Corporate Branch 25 Shaheb Bazar Corporate Branch

Haji Amir Ali Chowdhury Road Shaheb Bazar, Boalia
Asadganj, Chittagong 4000 Rajshahi 6100
12 EPZ Corporate Branch 26 Laldighirpar Corporate Branch

CEPZ Area, Chittagong 4100 Laldighirpar, Sylhet 3100
13 New Market Corporate Branch 27 WASA Corporate Branch

886/904 H. S. Suhrawardy Road WASA Bhaban
Chittagong 4000 98 Kazi Nazrul Islam Avenue
Kawran Bazar, Dhaka 1215
Strand Road Corporate Branch

14
15 Strand Road, Chittagong 4100
352
List of
Authorised Dealer Branches
Sl No. Name & Address Phone Cable Address

1 Chawk Bazar Branch (0431) 64082 AGRANI BANK LTD., BARISAL
21 Chawk Bazar Fx 62426 BANGLADESH
Barisal 8200
2 Thana Road Branch (051) 66564 AGRANI BANK LTD., BOGRA
Thana Road, Bogra 5800 Fx 65012 BANGLADESH
3 Agrabad Jahan Building Corporate Branch (031) 716370 COMAGRANI
24, Agrabad C/A Fx 710152 CHITTAGONG
Chittagong 4100 TLX NO. 633020 ABJBC-BJ
4 Asadgonj Corporate Branch (031) 637728 ASADAGRANI

Haji Amir Ali Chowdhury Road 631083 CHITTAGONG
Asadgonj, Chittagong 4000 Fx 618507 TLX NO. 633161 AGASD-BJ
5 EPZ Corporate Branch (031) 800421 AGRANI BANK LTD., BAY

CEPZ Area, Chittagong 4100 Fx 740926 SHOPING, CTG
TLX NO. 66235 ABCG-Bj
6 Commercial Area Corporate Branch (031) 716225 AGRAAGRANI
28 Sayada Court 2521220 CHITTAGONG
Agrabad C/A, Chittagong 4100 Fx 716225 TLX NO. 633079 BCCA-BJ
AGBKBDDH 015
7 Cox’s Bazar Branch Ph/Fx (0341) AGRANI BANK LTD., COX’S
Cox’s Bazar 4800 63259 BAZAR
BANGLADESH
8 Laldighi East Corporate Branch (031) 611373 AGRANI BANK LTD.,
1012-1013 Laldighi East 610133, 611373 CHITTAGONG
Chittagong 4100 630803-4 BANGLADESH
Fx 610133 TLX NO. 66215 ABCG-BJ
SWIFT: AGBKBDDH 017
9 New Market Corporate Branch (031) 611525 NEWAGRANI, CHITTAGONG
886/904 H. S. Suhrawardy Road Fx 635561 Tel: 611525
Chittagong 400 Fx 88-031-745926
10 Strand Road Corporate Branch (031) 631724 SALTAGRANI, CHITTAGONG

15 Strand Road 716113
Chittagong 4100
11 Rajganj Branch (081) 76022 AGRANI BANK LTD., COMILLA

Rajganj, Comilla 3500 BANGLADESH
12 Amin Court Corporate Branch (02) 9550967 DILAGRANI, DHAKA
62/63 Motijheel C/A 955141 TLX NO. 632400 ABACD-BJ
Dhaka FX 9572045 SWIFT: AGBKBDDH 004
13 Banani Corporate Branch 8816279 BANANI-AGRANI

Banani, Dhaka DHAKA
14 Bangabandhu Avenue Corporate (02) 9553242 AVENUE AGRANI, DHAKA

Branch 9555651 TLX NO. 642160 ABRD-BJ
32 Bangabandhu Avenue 9555642
Dhaka

15 B. WAPDA Corporate Branch (02) 9554157 WAPDAAGRANI, DHAKA
Ellal Chamber 9554283 TLX NO. 632549 ABD-BJ
Motijheel C/A, Dhaka 1000
16 Dhaka Sheraton Hotel Corporate Branch 8330130, 8330131 INTERAGRANI, DHAKA

Sheraton Hotel, Dhaka Tel/Fax 9348753
17 Foreign Exchange Corporate Branch (02) 7176449 FEAGRANI, DHAKA

1/B DIT Avenue, Motjheel 7176449, 9552319 TEL NO. 642501 ABFED-BJ
Dhaka 1000 9553602 SWIFT: AGBKBDDH 006
FAX 9567185
18 Green Road Corporate Branch (02) 8613679 GREENAGRANI, DHAKA

28 Green Road, Dhaka 1205 8631372 TEL NO. 842757 ABD-BJ
19 Moulavibazar Corporate Branch (02) 7314426 JOYAGRANI DHAKA

144 Mitford Road, Dhaka 7313424 TEL NO. 671260 ABM-BJ
SWIFT: AGBKBDDH 003
20 Nawabpur Road Corporate Branch (02) 9562679 NAWAGRANI, DHAKA

243-244 Nawabpur Road, Dhaka TEL NO. 632550 ABD-BJ
21 Principal Branch (02) 956077 JHEELAGRANI, DHAKA

9/D Dilkusha C/A 9561556 TEL NO. 642757 ABD-BJ
Motijheel, Dhaka 1000 9554497 632549 ABD-BJ
9553064 SWIFT: AGBKBDDH 001
22 Purana Paltan Corporate Branch (02) 9560011 PURANAGRANI, DHAKA

56 Purana Paltan, Dhaka 1000 9561049 TLX 632550 ABD-BJ
9564769
23 Ramna Corporate Branch (02) 7160070 GULAGRANI, DHAKA

18 Bangabandhu Avenue 9568744 TLX NO. 642160 ABRD-BJ
Dhaka 1000 9563086-88 SWIFT: AGBKBDDH 005
Fax 9554040
24 Sadarghat Corporate Branch (02) 7118594 SADARAGRANI, DHAKA

3/7 Johnson Road, Sadarghat, Dhaka 7123349 TLX NO. 671260 ABD-BJ
25 Tejgaon Industrial Area Corporate Branch (02) 9887426 TEJAGRANI, DHAKA

315/A, Tejgaon I/A, Dhaka 1215 9887858 TLX NO. 642757 ABD-BJ
26 Maldahpatty Branch (0531) 63306 AGRANI BANK LTD. Dinajpur

Dinajpur 5200 63102 TLX NO. 671524 ABDJP-BJ
27 Hakimpur Branch 05329-75351 HAKIM AGRANI

Bangla Hili, Dinajpur Hakimpur Branch
28 Faridpur Branch (0631) 61972 AGRANI BANK LTD., FARIDPUR

Faridpur 7800 63134, 63137 BANGLADESH
Fax 62508
29 Gazipur Branch (02) 9252202 AGRANI BANK LTD., GAZIPUR

Gazipur 1700 Fax 9252013 BANGLADESH
354
30 Jessore Branch (0421) 66516 COMAGRANI, JESSORE
Jess Tower, Jessore 7400 66175 TLX NO. 633421 ABJES-BJ
31 Clay Road Corporate Branch (041) 724024 AGRANI BANK LTD., KHULNA
Clay Road 723831 TLX NO. 62714 ABK-BJ
Khulna 9100 Ph./ Fax 720552 SWIFT: AGBKBDDH 023
32 Sir Iqbal Road Corporate Branch (041) 722949 COMAGRANI, KHULNA

25 Sir Iqbal Road 723713 TEL NO. 627214 ABK-BJ
Khulna 9100 724947
33 Bara Bazar Branch (071) 62336 AGRANI BANK LTD., KUSHTIA

14 N. S. Road Ph./ Fax 61866 BANGLADESH
Kushtia 7000
34 Bangabandhu Road Corporate Branch (02) 7630090 COMAGRANI

Bangabandhu Road 7630165 NARAYANGANJ
Narayangonj 1400 Ph./ Fax 7630173 TEL NO. 671525 ABNJ-BJ
35 Court Road Branch (02) 7631808 COURTAGRANI

Court Road Ph./ Fax 7631930 NARAYANGANJ
Narayangonj 1400 TEL NO. 671525 ABNJ-BJ
36 Choumuhani Branch (0321) 51867 AGRANIBANK, CHOWMUHANI

Choumuhani, Begumganj Fax 52057 NOAKHALI, BANGLADESH
Noakhali 3821
37 Shaheb Bazar Corporate Branch (0721) 776063 AGRANI BANK, RAJSHAHI

Shaheb Bazar, Boalia 772393 BANGLADESH
Rajshahi 6100 774208 SWIFT: AGBKBDDH 027
Fax 770642
38 Rangpur Main Branch (0521) 65437 AGRANI BANK LTD., RANGPUR

Central Road Fax 62393 TEL NO. 671521 AZRNP-BJ
Rangpur
39 Laldighirpar Corporate Branch (0821) 716177 AGRANI BANK LTD., SYLHET

Laldighirpar 717038 BANGLADESH
Sylhet 3100 725619 SWIFT: AGBKBDDH 021
Fax 710303
40 WASA Corporate Branch (02) 9112267 AGRANI BANK LTD.,

98 Kazi Nazrul Islam Avenue WASA BRANCH, DHAKA.
Kawran Bazar, Dhaka 1215

Zone Wise
List of Branches
1. Bagerhat Zone 14. Tinmatha Railgate 14. Nandalalpur Bazar 8. Jalalabad
1. Bagerhat 15. Zianagar 15. Narayanpur 9. Khulshi
2. Badhal Bazar 16. Natun Bazar 10. Medical College
3. Chitolmari 5. Bogra South Zone 17. Ramchandrapur Bazar 11. Pahartali
4. Chulkati Bazar 1. Bagbari 18. Rupsha Bazar 12. Port
5. Deypara Bazar 2. Bhatra 19. Sreeramdee 13. Sk.Mujib Sarak
6. Goalmath 3. Bogra Cantonment 20. Station Road 14. Steel Mills
7. Jatrapur 4. Dhunot
8. Main Road 5. Khandar 9. Chapai Nawabgonj Zone 13. Ctg. North Zone
9. Mongla Port 6. Madla 1. Amnura 1. Amirhat
10. Morelgonj 7. Majhira 2. Baroghoria 2. Azadi Bazar
11. Munigonj 8. Mirzapur 3. Binodpur 3. Barayer Hat
12. Polerhat Bazar 9. Nondigram 4. Chapai Nawabgonj 4. Borodarogar Hat
13. Sannyashi Bazar 10. Noymile Hat 5. Chowdala 5. Cadet College
11. Sonka 6. Gobratola 6. Colonnel Hat
2. Barisal Zone 12. Soptopodi Market 7. Khamar 7. Durgapur
1. Amua Bazar 13. Sherpur 8. Mobarakpur 8. Fouzdarhat
2. Banoripara 14. Sultangonj 9. Manakasha 9. Hathazari
3. Batajore 15. Taroni Hat 10. Rajarampur 10. Madambibir Hat
4. Bottola 11. Rahanpur 11. Modunaghat
5. Chawk Bazar 6. Borguna Zone 12. Sadarghat 12. Nazir Hat
6. Gournadi 1. Amtali 13. Shibgonj 13. Quaish Burischar
7. Jhalokathi 2. Barguna 14. Samitirhat
8. Kashipur Bazar 3. Betagi 10. Ctg. East & H/T Zone 15. Sitakundu
9. Lebubuniyahat 4. Gazipur Hat 1. Aziznagar 16. Swandeep
10. Matherkathi 5. Kakchira 2. Bandarban
11. Nalcity 6. Pathorghata 3. Banorupa 14. Ctg. South Zone
12. Puran Bazar 7. Taltali Bazar 4. Chandraghona 1. Amirabad
13. Rahut Kathi Bandar 5. Gahira F.K.J. Madrasha 2. Anwara
14. Rupatoli 7. Brahmanbaria Zone 6. Ishakhali 3. Boalkhali
15. Sadar Road 1. Akhaura 7. Kaptai 4. Chaturi Chowmuhoni
16. Shekher Hat 2. Ashugonj 8. Khagrachari 5. Cox’s Bazar
17. Torki Bandar 3. Bancharampur 9. Ramgar 6. Dewanhat
18. Ulania 4. Bangura Bazar 10. Rangamati 7. Gunagori
5. Bitghar 11. Rauzan 8. Keranirhat
3. Bhola Zone 6. Brahmanbaria 12. Shantiniketon 9. Khutakhali
1. Bhola 7. Chandura Bazar 10. Marichya
2. Borhanuddin 8. Jagat Bazar 11. Ctg. Mohanagar-1 Zone 11. Minnat Ali Hat
3. Char Shashibhushan 9. Kashba 1. Amanat Khan Sarak 12. Mirzakhil
4. Charfession Bazar 10. Lalpur Bazar 2. Bahaddarhat 13. Patia
5. Doulatkhan 11. Nabinagar 3. Chaktai 14. Sarwatoli
6. Kalinath Rayer Bazar 12. Salimgonj 4. Chatteswari Road 15. Sattarhat
7. Khairhat 13. Shahpur 5. Firingi Bazar 16. Teknaf
8. Lalmohan 14. shibpur 6. Jublee Road
9. WAPDA 15. T.A.Road 7. Kapashgola 15. Chuadanga Zone
8. Khatungonj 1. Alamdanga
4. Bogra North Zone 8. Chandpur Zone 9. Lalkhan Bazar 2. Andulbaria
1. Badurtola 1. Algi Bazar 10. Press Club 3. Asmankhali
2. Chamrul 2. Babur Hat 11. Riazuddin Bazar 4. Bamon Para
3. Chelopara 3. Balithuba 12. Sadarghat 5. Bamundi Bazar
4. Dupchachiya 4. Beltali Bazar 13. Ishanagar 6. Chuadanga
5. Ghoradhaphat 5. Chandra Bazar 7. Darshana
6. Mohasthangar 6. Changarchar Bazar 12. Ctg. Mohanagar-2 Zone 8. Hardi
7. Nishindara 7. Farakkabad 1. Artilary Center 9. Jibon Nagar
8. Poradaha Hat 8. Hajigonj 2. Askardighi 10. Kedargonj
9. Raza Bazar 9. Kachuya 3. Chittagong University 11. Khashkorara Bazar
10. Shibbati 10. Khajuria Bazar 4. Ctg. Air Base 12. Meherpur
11. Sonatala 11. Matlab Bazar 5. Fateyabad 13. Mujib Nagar
12. Talora 12. Meher 6. Halishahar 14. Radhakantapur Bazar
13. Thana Road 13. Munshirhat 7. Industrial Area
356
16. Comilla North Zone 11. Narinda 10. Parbatipur 7. Goshinga
1. BSCIC 12. Pyaridas Road 11. Pulhat 8. Kaoraid
2. Balutupa 13. Rayshaheb Bazar 12. Fulbari 9. Kapasia
3. Bataichari Bazar 14. S. S. College 13. Puratan Bazar 10. Kashimpur
4. Batakandi 14. Setabgonj 11. Maona Bazar
5. Burichong 20. Dhaka North Zone 15. Station Road 12. Nagari
6. Chandina 1. B.A.F. 16. Tajpurhat 13. Rajabari
7. Daudkandi 2. Badda 14. Sreepur
8. Debiddar 3. Farmgate 24. Faridpur Zone 15. Tokenayan Bazar
9. Homna 4. Gulshan 1. Badarpur 16. Tongi
10. Madhabpur 5. ICDDR’B 2. Ahladipur
11. Nimshar 6. Kurmitola 3. Bhanga 28. Gopalgonj Zone
12. Rajgonj 7. Malibagh 4. Boalmari 1. Bangram Bazar
13. Rup Babu Bazar 8. Mirpur 5. Bus Stand 2. Bhangarhat
14. Shankuchail 9. Mohakhali 6. Charbhadrashan 3. Gopalgonj
15. Zahapur 10. Pallabi 7. Faridpur 4. Jalirpar
11. Rampura T.V. 8. Gharua 5. Jhutigram
17. Comilla South Zone 12. Senpara 9. Kalukhali 6. Kashiani
1. Amratali Bazar 13. Shewrapara 10. Maligram 7. Kotalipara
2. Bakshagonj 14. Uttara Model Town 11. Nagarkanda 8. Mukshudpur
3. Hasanpur 12. Naliajamalpur 9. Poura Super Market
4. Housing Estate 21. Dhaka South Zone 13. Pangsha 10. Ramdia
5. Jhalam Bazar 1. Antabarrah 14. Rajbari 11. Tungipara
6. Juktikhola Bazar 2. Babu Bazar 15. Sadarpur
7. Kashinagar 3. Becharam Dewri 16. Sariatullah Bazar 29. Jamalpur Zone
8. Khila Bazar 4. Begum Bazar 17. Zila Parisad 1. Balijhuri Bazar
9. Laksham 5. Chowdhury Bazar 2. Bus Stand
10. Manoharpur 6. Chowk Bazar 25. Feni Zone 3. Hazipur Bazar
11. Medical College 7. Imamgonj 1. Badamtoli 4. Islampur Bazar
12. Munshir Hat 8. Islampur 2. Bairagirhat 5. Jagannathgonj Ghat
13. Nangal Coat 9. Jagannath University 3. Bashurhat 6. Jamalpur
14. Nasratpur 10. Joypara 4. Chhagalnaiya 7. Jamtoli Bazar
15. Nather Petua 11. Narisha Bazar 5. Chowmuhani 8. Jamuna Fertilizer Factory
16. Paduar Bazar 12. Nawabgonj (Kolakopa) 6. Dagonbhuiyan 9. Lahirikanda
17. Tomsom Bridge 13. Posta 7. Deltagate 10. Pingna
14. Mitfort Hospital 8. Feni 11. Piyarpur
18. Dhaka Central Zone 15. Zinzira 9. Kamlapatty 12. Sarishabari
1. Agamashi Lane 10. Kashipur Bazar 13. Shahbazpur
2. Bangla Academy 22. Dhaka West Zone 11. Parshuram 14. Station Road
3. Central Law College 1. Bank Town 12. Senbag
4. Dhaka University 2. Dhamrai 13. Sonagazi 30. Jessore Zone
5. Elephant Road 3. Dhanmondi 14. Subar Bazar 1. Bazar
6. Jatiya Jadughar 4. Gabtoli 2. Benapole Bazar
7. Jatiya Press Club 5. Jahangir Nagar University 3. Bimanghati
8. Mouchak 6. Kamrangirchar 26. Gaibandha Zone 4. Daratana Road
9. New Eskaton 7. Mohammadpur 1. Bonarpara 5. Gadkhali Bazar
10. New Market 8. Nawabgonj Road 2. Dholbhanga 6. Ganganandapur
11. North South Road 9. Pathalia 3. Fulcharighat 7. Hashimpur
12. Panthapath 10. Rayer Bazar 4. Gaibandha 8. Jessore
13. Rajuk Bhaban 11. Satmosjid Road 5. Kamarpara 9. Jhikargacha
14. Shantinagar 12. Savar 6. Naldanga 10. Jhumjhumpur
15. Sonargaon Road 13. Shyamoli 7. Panchpir Bazar 11. JSTU
14. Shimulia 8. Rasulpur 12. Keshabpur
19. Dhaka East Zone 9. Sadullapur 13. Nowapara
1. Farashgonj 23. Dinajpur Zone 10. Saghatta 14. Protappur
2. Thatari Bazar 1. Amtali 11. Sundargonj 15. Pulerhat
3. Basaboo 2. Bhushir Bandar 16. Rail Bazar
4. Dholairpar 3. Birampur 27. Gazipur Zone 17. Rajarhat
5. Faridabad 4. Hakimpur 1. Board Bazar 18. Sheikh Hati
6. Hatkhola 5. Kamalpur Hat 2. Bormi Bazar
7. Jatrabari 6. Madilahat 3. Dolan Bazar 31. Jhenaidah Zone
8. Kadamtali 7. Maldahpatty 4. DUET 1. Bazar Gopalpur
9. Kamlapur 8. Munshipara 5. Gazipur 2. Beroil Palita Bazar
10. Matuail 9. Nobabgonj 6. Ghagtia Chalar Bazar 3. Bhaynarmor

4. Chaprail 7. Kishoregonj 7. Naria Cadet College
5. Hajipur 8. Kuliarchar 8. New Market 10. Kaligonj Bazar
6. Halidhani Bazar 9. Mirzapur 9. Shariatpur 11. Kashigonj
7. Hamdah Bus Stand 10. Mathkhola 10. Tekerhat 12. Mechua Bazar
8. Isakhada 11. Nikli 13. Medical Collage
9. Jhenaidah 12. Pakundia 40. Manikgonj Zone 14. Muktagacha
10. Kabirpur Bazar 1. Arichaghat 15. Mymensingh
11. Kaligonj 36. Kurigram Zone 2. Basta Bus Stand 16. Phulpur
12. Kannadaha 1. Bhitorbondhat 3. Boyra 17. Trisal
13. Kot Chadpur 2. Bhurungamari 4. Charigram
14. Magura 3. Chilmari 5. Jhitka Bazar 44. Narail Zone
15. Sadhuhati 4. Kurigram 6. Krishnapur 1. Auria
5. Lalmonirhat 7. Manikgonj 2. Bagharpara
32. Joypurhat Zone 6. Nageswari 8. Manikgonj Bus Stand 3. Bhangura Bazar
1. Akkelpur 7. Nazimkhan 9. Maniknagar 4. Gazirhat
2. Awlai 8. Fulbari 10. Saturia 5. Jogania
3. Chawk Barkat 9. Rajarhat 11. Singair 6. Kolabaria
4. Joypurhat 10. Ulipur 7. Kalia
5. Joypurhat Girls’ 41. Moulvibazar Zone 8. Lohagarah
Cadet College 37. Kushtia Zone 1. Bhanugach Bazar 9. Narail
6. Kalai 1. Allahar Dargah 2. Bhukshimoil 10. Ratdanga
7. Kusumba 2. Bara Bazar 3. Giasnagar
8. Matrai 3. Baragangadia 4. Gopaya 45. Narayangonj Zone
9. Panchbibi 4. Bheramara 5. Hobigonj 1. Araihajar
5. Daulatpur 6. Kailashgonj 2. B.K.Road
33. Khulna North Zone 6. Golapnagar Bazar 7. Katarkona 3. Court Road
1. Baikali 7. Islamic University 8. Karmadha 4. Demra
2. Daulatpur 8. Khalishakundi 9. Kulaura 5. Kalir Bazar
3. Goal Para 9. Kumarkhali 10. Mostafapur 6. Kanchan
4. Jessore Road 10. Mathurapur 11. Moulvi Bazar 7. Mirjumla Road
5. K.D.A. New Market 11. Mazampur 12. Munshi Bazar 8. Shastapur
6. Kazdia 12. Mirpur 13. Nabigonj 9. Siddhirgonj Power
7. Khalishpur 13. New Market 14. Fultala Bazar Station
8. Moheswarpasha 14. Panti 15. Rabir Bazar 10. Sonargaon
9. Neval Base 15. Patikabari 16. Shayestagonj 11. Tanbazar
10. Fulbarigate 16. Pragpur 17. Sindurkhan Bazar
11. Fultola 17. S.C.B Road 18. Sreemongal 46. Narsingdi Zone
12. Sheikhpura Bazar 18. Shilaidaha 1. Amirgonj
13. Terokhada 19. Station Road 42. Munshigonj Zone 2. Baburhat
20. Thanapara 1. Baligaon Bazar 3. Chalakchar Bazar
34. Khulna South Zone 21. Ujangram 2. Dighirpar Bazar 4. Manohordi
1. Bajua Bazar 3. Hasail Bazar 5. Musapur Bazar
2. Banargati Bazar 38. Laxmipur Zone 4. Hashara Bazar 6. Narsingdi
3. Baka Bazar 1. Bhabanigonj 5. Hossaindi Bazar 7. Palash Bazar
4. Batbunia Bazar 2. Chandragonj 6. Kalma Bazar 8. Radhagonj
5. Chuknagar 3. Dalal Bazar 7. Kolapara Bazar 9. Shibpur
6. Farajipara 4. Dasherhat 8. Mirkadim 10. Station Road
7. Jaigir Mohal 5. Doshghoria 9. Muktarpur
8. Kapilmuni 6. Khilpara Bazar 10. Munshigonj 47. Natore Zone
9. Khanjahan Ali Road 7. Laxmipur 11. Munshirhat 1. Bagatipara
10. Khulna Medical 8. Mandari Bazar 12. Ramgopalpur 2. Gopalpur
College & Hospital 9. Panpara Bazar 13. Simpara Bazar 3. Halsha
11. Khulna University 10. Raipur 14. Sreenagar 4. Laxmikole
12. Liakatnagar (Dada Match) 11. Ramgonj 5. Lokmanpur Bazar
13. Rupsha Strand Road 12. Ramgoti 43. Mymensingh Zone 6. Natore
14. Shamsur Rahman Road 13. Sompara 1. Atharobari 7. Natore Sugar Mills
2. Bhaitkandi 8. Nazirpur
35. Kishoregonj Zone 39. Madaripur Zone 3. Bhaluka 9. North Bengal Sugar Mills
1. Bazitpur 1. Barhamgonj 4. Bidyagonj Bazar 10. Quadirabad
2. Bhairab Bazar 2. Damudda 5. C.K.Ghosh Road Cantonment
3. Charpumdi 3. Jajira 6. Chhoto Bazar 11. Rajapur Hat
4. Hossainpur 4. Kalkini 7. Dhara Bazar 12. Singra
5. Karimgonj 5. Madaripur 8. Gaffargaon
6. Katiadi Bazar 6. Mulfatgonj 9. Mymensingh Girls’
358
48. Netrokona Zone 22. Shyamgonj Hat 56. Satkhira Zone 60. Sylhet West Zone
1. Barhatta 23. Sujanagar 1. Bangshipur Bus Stand 1. Ambari Bazar
2. Birishiri 24. Trimohoni 2. Bhetkhali 2. Ambarkhana.
3. Durgapur 3. Debhata 3. Bairagir Bazar
4. Fakirer Bazar 52. Patuakhali Zone 4. Gazir Hat 4. Balagonj
5. Jhanjail 1. Alipur Bandar 5. Moutala 5. Biswanath
6. Kendua 2. Bauphal 6. Munshigonj Bazar 6. Boaljur Bazar
7. Mohangonj 3. Dashmina 7. Noor Nagar 7. Chattak
8. Netrokona 4. Golachipa 8. Patkel Ghata 8. Derai
9. Purbadhala 5. Kanakdia 9. Satkhira 9. Duara Bazar
10. Rupgonj Bazar 6. Khepupara 10. Shyamnagar 10 Goala Bazar
11. Teosree Bazar 7. Kuakata 11. Haripur Gas Field
8. Mirzagonj 57. Sherpur Zone 12. Kaligonj Bazar
49. Naogaon Zone 9. Nutan Bazar 1. Kakorkandi 13. Kazir Bazar
1. Ahsangonj 10. New Market 2. Nandir Bazar 14. Lala Bazar
2. Aihai 11. PSTU 3. Nolitabari 15. Salutikar Bazar
3. Boalia 12. Puran Bazar 4. Nonni Bazar 16. Subid Bazar
4. Bus Stand 5. Sherpur 17. Sunamgonj
5. Kashab 53. Pirojpur Zone 6. Tinani Bazar 18. Umarpur Bazar
6. Mainamhat 1. Bhandaria 19. Zaflong
7. Matajeehat 2. Kaukhali 58. Sirajgonj Zone 20. Zinda Bazar
8. Naogaon 3. Main Road 1. Bahuli
9. Nithpur 4. Mathbaria 2. Beltail 61. Tangail Zone
10. Patnitola 5. Mirukhali 3. Brammogacha 1. Aishara
11. Porsha 6. Parerhat 4. Chandaikona 2. Bashail
12. Sapahar 7. Zillia Parishad 5. Dhubil 3. Bhuapur
6. Enayetpur 4. Chapri Bazar
50. Noakhali Zone 54. Rajshahi Zone 7. Ghurkha 5. Dhuburia
1. Amishapara 1. Baju Bagha 8. Kalibari 6. Ghatail
2. Badalkot Bazar 2. Baliaghata 9. Khidramatia 7. Gopalpur
3. Bazra Bazar 3. Baneshwar Bazar 10. New Market 8. Hemnagar
4. Chatkhil 4. Charghat 11. Nimgachi 9. Kanchanpur
5. Datterhat 5. Court Bazar 12. Pangashi Hat 10. Karatia
6. Gopalpur Bazar 6. Horian 13. Purjana Bhat Para 11. Kaualzani
7. Hatia 7. Laxmipur 14. Raigonj 12. Madhupur
8. Joyag Bazar 8. Malopara 15. S.S.Road 13. Mirzapur
9. Maijdee Court 9. Nagar Bhaban 16. Shahjadpur 14. Mirzapur Cadet
10. Nadana Bazar 10. Nawhatta 17. Sameshpur College
11. Noakhali STU 11. New Market 18. Station Road 15. Mahera
12. Sonaimuri 12. Puthia 19. Talgachi Bazar 16. Mymensingh Sarak
13. Zilla Board 13. Raighati 20. Ullapara 17. Nagarpur
14. Rajshahi Cantonment 18. Nalua Bazar
51. Pabna Zone 15. Rajshahi University 59. Sylhet East Zone 19. Sakhipur Bazar
1. Abdul Hamid Road 16. Talaimari 1 Bandar Bazar 20. Salimabad
2. Ataikula 17. WAPDA (IRRI) 2. Beani Bazar 21. Suruj Bazar
3. Atghoria 3. Chawk Bazar 22. Tangail
4. Bera 55. Rangpur Zone 4. Deulgram Bazar 23. Warshi
5. Boral Bridge 1. Alam Nagar 5. Dhaka Dokhin 24. Zamurki
6. Chatmohor 2. Badargonj 6. Fenchugonj
7. College Gate 3. Bus Terminal Road 7. Gasbari Bazar 62. Thakurgaon Zone
8. Court Road 4. Central Road 8. Godown Bazar 1. Chaklahat
9. Dashuria 5. Jaldhaka 9. Golapgonj 2. Horipur
10. Dublia Bazar 6. Medical College Hospital 10. Hetimgonj 3. Jagodalhat
11. H.M.M.Road 7. Nekmamud Hat 11. Jalalpur Bazar 4. Mirzapur
12. Ishwardi 8. Nilphamari 12. Kakordi Bazar. 5. Munshir Hat
13. Kashinathpur Bazar 9. Pawtana Hat 13. Kuchai. 6. Panchagar
14. Mirzapur Hat 10. Peergacha 14. Mathiura (Eidgah) 7. Pirgonj
15. Muladuly 11. Rangpur Cadet College 15. Ramdha Bazar 8. Shalbahanhat
16. Nagarbari Ghat 12. Rangpur Main 16. Saraker Bazar 9. Thakurgaon
17. Nazirgonj 13. Sayedpur 17. Shahgoli Bazar 10. Tunirhat
18. Pushpaparahat 14. Sayedpur Cantonment 18. Shibgonj
19. Rail Bazar 15. Shaner Hat 19. Station Road
20. Ruppur 16. Taragonj
21. Shibrampur

Annual Report 2013 of Agrani Bank Limited

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Annual Report 2013 of Agrani Bank Limited

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Annual Report 2013

speedy journey to definite roadmap

9/D Dilkusha Commercial Area, Dhaka-1000

Contents Page No.

Annual Report 2013 t 3

Directors’ Report to the Shareholders 91

World Economic Scenario 92

Annual Report 2013 t 5

Graphical Presentation of Performance 36

Annual Report 2013 t 7

Origin and Growth of Agrani : Key Indicators from 1972 to 2013 23

Five Years’ Performance at a Glance 32

Shares held by Directors as on 31 December 2013 46

Capital Adequacy as per BASEL II 55

Value Added Statement 56

Balance Sheet Exposure : Region-wise 75

Off Balance Sheet Exposure : Region-wise 76

Credit Exposure : Sector-wise 76

Contribution to CSR Activities 86

Sources of Fund 103

Asset Portfolio 103

Types of Deposits 104

Country-wise Remittance 107

Item-wise Income of Treasury 108

Investment 2013 and 2012 109

Sector-wise Loans 2013 and 2012 110

Comparative Study of Project Loans 111

Credit Lines 113

SME Financing 115

Recovery Position of Classified and Overdue Loans and Advances 119

Appropriation of Profit 120

Audit Plan for the Year 2014 129

Credit Rating 129

Training Courses 133

Contribution to National Exchequer 141

Meetings of the Board 146

Meetings of the Board Audit Committee 147

Annual Report 2013 t 9

PD Primary Dealer SCB State Owned Commercial Bank

POS Point of Sales SGD Singapore Dollar

Annual Report 2013 t 11

District-wise Number of Branches

Legal Status Public Limited Company

Chairman Khondoker Bazlul Hoque, PhD

Managing Director & CEO Syed Abdul Hamid, PhD, FCA

Company Secretary Badal Chandra Dey

Tax Identification No. 0022001223 Vat Registration No. 19011031730

Employee 14,005 (officer 10,458, staff 3,547) Branch 899

Circle Office 11 Zonal Office 62

Authorised Dealer Branch 40 Corporate Branch 27

Number of Exchanges 56 Foreign Correspondent 396

Entity Rating 2012 (as Govt. Guaranteed Bank) AAA ST- 1

Surveillance Rating 2012 (Stand Alone Basis) BBB ST- 3

Surveillance Rating 2011 (Stand Alone Basis) A+ ST- 2

Subsidiary Companies Agrani Equity & Investment Limited

Subsidiary Companies Agrani Exchange House Private Limited, Singapore (4 branches)

Agrani Exchange Company (Australia) Pty. Limited

Agrani Remittance House Canada Inc.

Phone +88-02-9566153-4, +88-02-9566160-9, +88-02-9566074-5

Fax +88-02-9562346, +88-02-9563662, +88-02-9563658

SWIFT Code AGBKBDDH Website www.agranibank.org

E-mail agrani@agranibank.org, info@agranibank.org MD’s E-mail mdagrani@agranibank.org

Annual Report 2013 t 13

Annual Report 2013 t 15