DOCSLIB.ORG

1. Review of the Entrepreneurial Ecosystem for Women in Bangladesh

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
1. Review of the Entrepreneurial Ecosystem for Women in Bangladesh Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Authors of this Report Sanjana Singh Radhika Asrani Anupama Ramaswamy Advisory Support Ananya Wahid Kader Tarek Kamal Praveen Ravi 2 © International Finance Corporation 2016. All rights reserved. 2121 Pennsylvania Avenue, N.W. Washington, DC 20433 Internet: www.ifc.org The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly, and when the reproduction is for educational and non-commercial purposes, without a fee, subject to such attributions and notices as we may reasonably require. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The contents of this work are intended for general informational purposes only and are not intended to constitute legal, securities, or investment advice, an opinion regarding the appropriateness of any investment, or a solicitation of any type. IFC or its affiliates may have an investment in, provide other advice or services to, or otherwise have a financial interest in, certain of the companies and parties (including named herein). International Finance Corporation is an international organization established by Articles of Agreement among its member countries, and a member of the World Bank Group. All names, logos and trademarks are the property of IFC and you may not use any of such materials for any purpose without the express written consent of IFC. Additionally, “International Finance Corporation” and “IFC” are registered trademarks of IFC and are protected under international law. 3 Acknowledgement International Finance Corporation-World Bank Group’s (IFC-WBG) Finance and Markets Global Practice has produced this report with funding from Global Affairs Canada. IFC-WBG is grateful for the support given by the Canadian Mission to Bangladesh. The report was developed under the leadership of Ananya Wahid Kader. The survey and data analysis was conducted by Athena Infonomics, India Private Limited. Our thanks go to all the women SME entrepreneurs, bankers and other stakeholders who were interviewed for this report. Their willingness to share their experiences have helped the WBG to charter a course of action in improving the entrepreneurial ecosystem for women. A special note of appreciation is extended to Jennifer Barsky, who has enriched the research with her insights on global best practices and international experiences in promoting female entrepreneurship. We are grateful for the valuable guidance from Niraj Verma and Jennifer Isern. The report has been made possible through the support from other officials of IFC Bangladesh including Wendy Werner, Raja Debnath, Ehsanul Azim, Francesca Lo Re, Ishtiaque Aziz, Upoma Dutta, Shahzeen Hafiz and Takreem Riwan Siddiqui. Bangladesh Bank’s support was essential in the report’s development. The central bank’s wealth of experience in promoting access to finance for women SME entrepreneurs informed our findings, and we are grateful for their data and insights on this segment. 4 Abbreviations ANBC Adjusted Net Bank Credit BB Bangladesh Bank BBS Bangladesh Bureau of Statistics BC Business Correspondents BHWA Bangladesh Homeworkers’ Women Association BMDC Bangladesh Management Development Centre BMET Bureau of Manpower, Employment and Training BRDB Bangladesh Rural Development Board BSCIC Bangladesh Small and Cottage Industries Corporation BWCCI Bangladesh Women Chamber of Commerce & Industries CAGR Compounded Annual Growth Rate CIB Credit Information Bureau DPCB Domestic Private Commercial Banks GAP Gender Action Plan HBFC House Building Finance Corporation ICB Investment Corporation of Bangladesh MFI Micro Finance Institution MIDAS Micro Industries Development Assistance Society NAP National Action Plan for Women’s Advancement NASCIB National Association of Small & Cottage Industries of Bangladesh NBFI Non-Bank Financial Institutions NGO Non-Government Organisation PRSP Poverty Reduction Strategy Paper RBI Reserve Bank of India RJSC Registrar of Joint Stock Companies RM Relationship Manager SAPRI Structural Adjustment Participatory Review Initiative SCB State Owned Commercial Banks SHG Self Help Group 5 SME Small and Medium Enterprise WEAB Women Entrepreneurs Association of Bangladesh WEDP Women Entrepreneurship Development Program 6 Contents EXECUTIVE SUMMARY ................................................................................................................................... 11 Background and Objectives ......................................................................................................................... 11 A. WOMEN SME FINANCING GAP....................................................................................................................... 11 A1. Demand in the Women SME Sector ...................................................................................................... 12 A2. Flow of Formal Finance to the Women SME Sector .............................................................................. 12 A3. Finance Gap ........................................................................................................................................... 12 B. PROFILE OF WOMEN SME ENTREPRENEURS ...................................................................................................... 12 C. BARRIERS TO ACCESS TO FINANCE FOR WOMEN SME ENTREPRENEURS .................................................................. 13 C1. Demand Side Issues ............................................................................................................................... 13 C1.1. Debt Ecosystem Satisfaction Index ..................................................................................................... 14 C2. Supply Side Issues .................................................................................................................................. 14 D. CREATING AN ENABLING ENVIRONMENT FOR GROWTH OF FINANCE IN THE WOMEN SME SEGMENT ........................... 15 1. REVIEW OF THE ENTREPRENEURIAL ECOSYSTEM FOR WOMEN IN BANGLADESH ...................................... 16 1.1. OBJECTIVE OF THE STUDY ................................................................................................................................. 20 1.2. APPROACH AND METHODOLOGY ....................................................................................................................... 20 1.3. CAVEATS AND ASSUMPTIONS ............................................................................................................................ 22 1.4. OUTLINE OF THE REPORT .................................................................................................................................. 22 2. BUSINESS CASE FOR FINANCING WOMEN SMES ........................................................................................ 23 2.1. CHARACTERISTICS OF WOMEN SME ENTREPRENEURS ........................................................................................... 23 2.1.1. SMEs and Women Entrepreneurs ...................................................................................................... 23 2.1.2. Profile of Women SMEs ..................................................................................................................... 24 2.1.3. Financial Characteristics of Women SMEs ......................................................................................... 29 2.1.4. Women SME entrepreneurs’ Demand for Finance ............................................................................ 30 2.2. CHARACTERISTICS OF THE FINANCIAL ECOSYSTEM ................................................................................................. 32 2.2.1. Financial Institutions in Bangladesh ................................................................................................... 32 2.2.2. Financing Programmes for Women-Owned SMEs ............................................................................. 33 2.2.3. Current Flow of Finance to the SME Sector ....................................................................................... 35 2.3. FINANCING GAP FACED BY WOMEN SME ENTREPRENEURS .................................................................................... 41 3. DEMAND AND SUPPLY SIDE BARRIERS IN CREDIT ACCESS .......................................................................... 42 3.1. AWARENESS .................................................................................................................................................. 44 3.1.1. BORROWER ANALYSIS
Load more

Recommended publications
  • BBA) Setu Bhaban, New Airport Boad L Banani, Dhaka-1212
    L L L Government of the Peoples Republic of Bangladesh Ministry of Communications Bridges Division L Bangladesh Bridge Authority (BBA) Setu Bhaban, New Airport Boad L Banani, Dhaka-1212. Ii Auditors' Report on Financial Statements For The Financial Year 2017-20L8 L i L L t L L L rl, * L 1*q- L *. *t*. i.kriilidFs+.i:i I ni.ti,r,iilril,:i: L L M A Faza,l & Co. Rahman Mostafa Alam & Co. Chartered Accowttants Chartered Accotmtaflts L 29, Bangabandhu Avenue Paramount Heights (7th Floor: A, CI A D2) (/d floor), Dhatu-1000. 65/2/1, Box Culvert Road Phone: Ofrt 9551991 Purana Paltan, Dhalu- I 000. L Fm No: 88-02-9571824 Phone: +880-2-9553449 E -Mail : s hami ma49 9 @gmail. c om E-mail : rmadhaka@gmail. com $ M Fazal&Co. A Rahman Mostafa Alam & Co. Chaftered Accountants Chaftered Accountants 29 Bangabandu Ayenue (2nd Floor; Paramount Heiohts Dhaka-1 000. 1lh Floor:A, C1i D2) 651211, Box Culvert Road Purana Paltan, Dhaka-1000 Auditors'Report To The Bangladesh Bridge Authority (BBA) We have audited the accompanying financial statements of BanEladesh Bridge Authority {BBA), which comprise the $tatement of Financial Position as at June 30, 2019 and related $tatement of Profit or Loss and Other Comprehensive lncome, Statement of Changes in Authority's Equity and $tatement of Cash Flows for the year then ended, and a surnmhry of significant accounting policies and other explanatory infonnation disclosed in note 1 to 36 and Annexure A & B. Management's Respons ibility for the Financia I Statements Management is responsible for the preparation and fair representation of these financial statements that gives a true & fair view of the entity in accsrdance with government rules and policies, and for such internal control as management determines is neCessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or enor.
    [Show full text]
  • Country Wise List of Our Foreign Correspondents Sonali Bank Limited
    Country wise list of our Foreign correspondents as on 31-12-2018. Prepared bv : Sonali Bank limited Foreign Remittance Management Division Head office.Dhaka. Courtesv : Sonali Bank limited (Product Development Team) Business Development Division Head office,Dhaka. E mail-dgmb ddp dt@s on aliban k. co m.b d Md Mizanur Rahman Md Zillur Rahman Sikder Senior Principal officer Senior ofl.icer Product Development Team. Product Der elopment Team. mob-01708159313. mob-019753621 15. Corp Bank Country dents as on 3ut2na18 Sl.No. Name ofCountry No. o No. of SI. No. Name ofCountry No. of No. of Corp. RMA Corn. RMA 01. Afganistan J I 45. Malaysia t2 12 02. Australia 8 7 46. Monaco I I 03. Algeria J 1 41. Malta 2 04. Argentina I Z I 48. Netherlands 8 7 , 05. Albenia i 49. New Zealand J J 06. Austria 7 6 50. Nepal 2 2 07. Balrain J J 51. Norway 2 I 08. Belgium 9 7 52. Nigeria I ) 09. Bhutan 2 53. Oman I q 2 10. Bulgaria 4 4 54. Pakistan 18 18 ll Brunei I 55, Poland 3 1 12. Brazrl 4 2 56. Philippines 5 5 lJ. Republic ofBelarus I 57. Portugal 4 J 14. Canada 8 7 58. Qatar 6 5 15. China 4 l3 59. Romania 1 1 16. Chile I I 60 Russia 9 8 17. Croatia I 61. SaudiArabia l6 t5 18. Cyprus I I o/.. Senegal 1 1 t 19. CzechRepublic 6 J 63. Serbia + J ,1 20. Denmark J J 64. Srilanka 5 21.
    [Show full text]
  • COVID-19 Impact and Responses: Bangladesh
    COVID-19 impact and responses: Bangladesh Compiled by: Farhadur Reza Erad Kawsar Tasvir Bin Mahabub 9 April 2020 This document holds the information about the impact of novel coronavirus in Bangladesh and how different stakeholders – Government, Regulators, NGOs, Not-for-Profit Foundations, Development Partners, MFIs, Private Sector, Peak Bodies, Financial Sector, Associations, and others – are stepping forward to fight the crisis. This is a live document and is meant to serve as an info bank for the reader who wishes to explore the current and future initiatives of all the stakeholders in mitigating the humanitarian and economic losses caused by the coronavirus pandemic in Bangladesh. Table of contents What is the current situation? ...................................................................................................................................... 1 What are the government policies to revive the economy? ........................................................................................ 6 What are the regulators doing to support local businesses and economy? ................................................................ 7 What are the government efforts/policies to strengthen the health safety and/or service? .................................... 10 What are the initiatives undertaken by the government to help the most vulnerable/marginalized? ..................... 12 What are the steps taken by MFIs to support the economy? .................................................................................... 13
    [Show full text]
  • General Banking Activities”
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by BRAC University Institutional Repository Internship Report On “GENERAL BANKING ACTIVITIES” Of United Commercial Bank (Mirpur Road Branch) SUBMITTED TO Feihan Ahsan Lecturer Brac University SUPERVISED BY Amalendu Roy Branch Manager United Commercial Bank Limited SUBMITTED BY Humayra Haseen ID – 11304020 Major: Human Resource Management Minor: Finance LETTER OF TRANSMITTAL Date: 08.09.2015 To Feihan Ahsan Lecturer Brac University Through Amalendu Roy Branch Manager United Commercial Bank Limited Subject: Submission of Internship Report Dear Sir, It was a privilege and great pleasure for me to submit my internship report titled “GENERAL BANKING ACTIVITIES OF UCBL” that has been prepared as an essential part of my degree requirement. As you know, I had completed my internship in Mirpur branch of United Commercial Bank Limited which I got the chance to prepare my internship report on the above topic. While preparing this report I went through broad literature assessment and discussed with high bank officials. Surely ahead of any doubt it improves my understanding and also builds up my learning skill. I hope to meet your expectation from this report. I would be obliged to receive your propositions and remarks regarding this. Sincerely Yours Humayra Haseen ID – 11304020 Major: Human Resource Management Minor: Finance Department of Business Administration i STUDENT’S DECLARATION I, Humayra Haseen, student of Business Administration, Brac University, hereby state that the report offered in the name “GENERAL BANKING ACTIVITIES OF UCBL” Mirpur Road Branch, Dhanmondi, Dhaka, has been prepared and carried by me under the supervision of Amalendu Roy, Branch manager, United Commercial Bank Limited.
    [Show full text]
  • Sl. Correspondent / Bank Name SWIFT Code Country
    International Division Relationship Management Application( RMA ) Total Correspondent: 156 No. of Country: 36 Sl. Correspondent / Bank Name SWIFT Code Country 1 ISLAMIC BANK OF AFGHANISTAN IBAFAFAKA AFGHANISTAN 2 MIZUHO BANK, LTD. SYDNEY BRANCH MHCBAU2S AUSTRALIA 3 STATE BANK OF INDIA AUSTRALIA SBINAU2S AUSTRALIA 4 KEB HANA BANK, BAHRAIN BRANCH KOEXBHBM BAHRAIN 5 MASHREQ BANK BOMLBHBM BAHRAIN 6 NATIONAL BANK OF PAKISTAN NBPABHBM BAHRAIN 7 AB BANK LIMITED ABBLBDDH BANGLADESH 8 AGRANI BANK LIMITED AGBKBDDH BANGLADESH 9 AL-ARAFAH ISLAMI BANK LTD. ALARBDDH BANGLADESH 10 BANGLADESH BANK BBHOBDDH BANGLADESH 11 BANGLADESH COMMERCE BANK LIMITED BCBLBDDH BANGLADESH BANGLADESH DEVELOPMENT BANK 12 BDDBBDDH BANGLADESH LIMITED (BDBL) 13 BANGLADESH KRISHI BANK BKBABDDH BANGLADESH 14 BANK ASIA LIMITED BALBBDDH BANGLADESH 15 BASIC BANK LIMITED BKSIBDDH BANGLADESH 16 BRAC BANK LIMITED BRAKBDDH BANGLADESH 17 COMMERCIAL BANK OF CEYLON LTD. CCEYBDDH BANGLADESH 18 DHAKA BANK LIMITED DHBLBDDH BANGLADESH 19 DUTCH BANGLA BANK LIMITED DBBLBDDH BANGLADESH 20 EASTERN BANK LIMITED EBLDBDDH BANGLADESH EXPORT IMPORT BANK OF BANGLADESH 21 EXBKBDDH BANGLADESH LTD 22 FIRST SECURITY ISLAMI BANK LIMITED FSEBBDDH BANGLADESH 23 HABIB BANK LTD HABBBDDH BANGLADESH 24 ICB ISLAMI BANK LIMITED BBSHBDDH BANGLADESH INTERNATIONAL FINANCE INVESTMENT 25 IFICBDDH BANGLADESH AND COMMERCE BANK LTD (IFIC BANK) 26 ISLAMI BANK LIMITED IBBLBDDH BANGLADESH 27 JAMUNA BANK LIMITED JAMUBDDH BANGLADESH 28 JANATA BANK LIMITED JANBBDDH BANGLADESH 29 MEGHNA BANK LIMITED MGBLBDDH BANGLADESH 30 MERCANTILE
    [Show full text]
  • Customs E-Payment Compliant Bank Contact
    Name of the Executive Name of the Executive Group Email (Will be used for Name of the Bank Designation Department Branch Personal Email Mobile Designation Department Branch Personal Email Mobile (Primary) (Secondary) operational communication) Head Head AB bank Ltd Syed Mahmud Hossain SAVP & RTGS Manager RTGS Central Operation [email protected] 01784293385 Md. Ashifur Rahman SAVP RTGS Central Operation [email protected] 01712104950 [email protected] Office Office Muhammad Mujahid Head Head Al Arafah Bank Ltd. SVP ICT [email protected] +8801556331530 Md. Elias Haider PO BACH and RTGS [email protected] +880764045141 [email protected] Khalid Office Office Bangladesh Development AGM & RTGS Manager Central Accounts Head Engr. Mohammad Moniruzzaman PO & Member-Secretary Head [email protected], Ranjan Kumar Roy [email protected] 01715892419 ITSD 01913040807 [email protected] Bank Ltd. (RTGS Team) Department Office Monr (RTGS Team) Office [email protected] Head Head Bangladesh Krishi Bank Ltd. Md. Atiqur Rahman Senior Principal Officer Treasury Management [email protected] 01718715796 Shah Md. Mainul Hasan Senior Principal Officer Treasury Management [email protected] 01718416875 [email protected] Office Office Head 01711646645, Head Bank Asia Ltd. Syed Md. Ali Reza VP & RTGS Manager PSD [email protected] Mohammad Rezwanul Islam AVP PSD [email protected] 01711363982 [email protected] Office 01819156165 Office Head Head BASIC Bank Ltd. Abu Md. Mofazzal GM ICT [email protected] 01713063335 Md. Golam Sarwar Talukder Manager Back Office Division [email protected] 01711577929 [email protected] Office Office Vice President & RTGS Business Operations Head Business Operations Head Dhaka Bank Ltd.
    [Show full text]
  • Janata Bank Limited Financial Statements As at and for the Year
    Janata Bank Limited Financial Statements as at and for the year ended 31 December 2017 Syful Shamsul Alam & Co. Aziz Halim Khair Choudhury Chartered Accountants Chartered Accountants Paramount Heights (Level-6) Phulbari House, House # 25 65/2/1, Box Culvert Road Road # 1, Sector # 9 Purana Paltan Uttara Model Town Dhaka-1000, Bangladesh Dhaka-1230, Bangladesh Tel: +88 02 9555915 Tel: +88 02 8933357 Fax: +88 02 9560332 Fax: +88 02 8950995 Web: www.ssacbd.com Web: www.ahkcbd.com Syful Shamsul Alam & Co. Aziz Halim Khair Choudhury Chartered Accountants Chartered Accountants Paramount Heights (Level-6) Phulbari House 65/2/1 Purana Paltan House 25, Road 1, Dhaka – 1000. Sector 9, Uttara, Dhaka-1230. Independent Auditors' Report to the Shareholders of Janata Bank Limited We have audited the accompanying consolidated financial statements of Janata Bank Limited and its subsidiaries (the “Group") as well as the separate financial statements of Janata Bank Limited (the “Bank”), which comprise the consolidated balance sheet and the separate balance sheet as at 31 December 2017, and the consolidated and separate profit and loss accounts, consolidated and separate statements of changes in equity and consolidated and separate cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements and Internal Controls Management is responsible for the preparation and fair presentation of 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 as explained in note 2.01 and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements of the Group and also the separate financial statements of the Bank that are free from material misstatement, whether due to fraud or error.
    [Show full text]
  • Details of the Related Party Transactions Have Been Disclosed in Annexure-F
    INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Balance Sheet as at 31 December 2018 Amount in BDT Particulars Note 31 December 2018 31 December 2017 PROPERTY AND ASSETS Cash 16,020,741,583 15,487,553,511 Cash in hand (including foreign currency) 3.a 2,899,030,289 2,251,768,572 Balance with Bangladesh Bank and its agent bank(s) (including foreign currency) 3.b 13,121,711,294 13,235,784,939 Balance with other banks and financial institutions 4.a 8,118,980,917 10,623,519,846 In Bangladesh 4.a(i) 6,823,590,588 8,068,534,922 Outside Bangladesh 4.a(ii) 1,295,390,329 2,554,984,924 Money at call and on short notice 5 3,970,000,000 3,830,000,000 Investments 32,664,400,101 29,290,877,363 Government securities 6.a 27,258,506,647 23,943,582,942 Other investments 6.b 5,405,893,454 5,347,294,421 Loans and advances 210,932,291,735 183,296,111,106 Loans, cash credit, overdrafts etc. 7.a 198,670,768,028 171,593,194,706 Bills purchased and discounted 8.a 12,261,523,707 11,702,916,400 Fixed assets including premises, furniture and fixtures 9.a 5,445,835,394 3,539,338,093 Other assets 10.a 9,003,060,522 10,277,591,453 Non-banking assets 11 373,474,800 373,474,800 Total assets 286,528,785,052 256,718,466,172 LIABILITIES AND CAPITAL Liabilities Borrowing from other banks, financial institutions and agents 12.a 9,969,432,278 8,473,580,748 Subordinated debt 13 3,500,000,000 3,500,000,000 Deposits and other accounts 14.a 226,228,549,042 200,148,679,835 Current deposit and other accounts 40,849,197,782 30,611,131,194 Bills payable 2,066,079,056
    [Show full text]
  • Economy Mega Plan to Boost Tourism with Exclusive Zone
    Economy Mega plan to boost tourism with exclusive zone . The government is moving ahead to have its first exclusive tourism park in Cox's Bazar to boost the tourism industry developing world-class luxury hotels and ensuring modern facilities like other countries, which bring sun-seekers to beaches. The project site is located with exclusive beach front and half-an-hour sea cruise to St. Martins, a coral island. He said a draft summary in this regard has been sent to the Prime Minister's Office seeking CCEA's (Cabinet Committee on Economic Affairs) approval for appointing Chittagong Dry Dock Limited (CDDL) to construct an embankment for protecting the Exclusive Tourism Park. Some 884 acres of land, according to the BEZA officials, have already been acquired while the initial site assessment is also completed. They said the 'purest' air, lofty hill, sea and lagoon create perfect conditions for the development of all types of tourism entertainment at Sabrang in Teknaf upazila under Cox's Bazar district. Director of the Tour Operators' Association of Bangladesh (TOAB) Taufiq Rahman hailed the decision and said inbound tourism will certainly flourish in the country if the project is properly implemented. "If you want to encourage inbound tourism, foreigners must be given something exclusive. It exists in other parts of the world. There should be separate facilities for foreign and local tourists," Taufiq, also the founder Chief Executive Officer of Journey Plus, told the news agency. He said that they had tried to attract foreign tourists to Cox's Bazar in the past, but failed as they did not get what they want as part of leisure tourism.
    [Show full text]
  • Premittances.Pdf
    BANGLADESH BANK Statistics Department (BOP Division) Wage Earners’ Remittance during the month of September’2021 (Million USD) Sl. Bank Sep,2021 no State Owned Commercial Banks 01-02,Sep 05-09,Sep 12-16,Sep 19-23,Sep 01-23,Sep 1 Agrani Bank 8.88 46.99 40.12 25.57 121.56 2 Janata Bank 5.30 18.30 14.79 10.40 48.79 3 Rupali Bank 3.72 11.14 8.91 10.13 33.90 4 Sonali Bank 11.93 18.33 29.07 17.47 76.80 5 BASIC Bank 0.01 0.05 0.03 0.02 0.11 6 BDBL 0.00 0.00 0.00 0.00 0.00 Sub Total 29.84 94.81 92.92 63.59 281.16 Specialized Banks 7 Bangladesh Krishi Bank 2.67 11.59 10.17 5.99 30.42 8 RAKUB. 0.00 0.00 0.00 0.00 0.00 Sub Total 2.67 11.59 10.17 5.99 30.42 Private Commercial Banks 9 AB Bank Ltd. 1.70 4.04 2.81 2.52 11.07 10 Al-Arafah Islami Bank Ltd. 3.41 10.83 11.82 10.58 36.64 11 Bangladesh Commerce Bank Ltd. 0.14 0.35 0.27 0.20 0.96 12 Bank Asia Ltd. 9.42 24.57 19.44 15.83 69.26 13 BRAC Bank Ltd. 2.14 9.40 6.76 5.03 23.33 14 Community Bank Bangladesh Ltd. 0.00 0.00 0.00 0.00 0.00 15 Dhaka Bank Ltd.
    [Show full text]
  • Annual Report 2018
    Annual Report 2018 1 CONTENT About the Report 04 Financial Statements of Meghna Bank Limited General information Auditor's Report 90 Vision and Mission 07 Consolidated Balance Sheet 93 Core values 09 Consolidated Profit and Loss Account 95 Corporate Directory 10 Consolidated Cash Flow Statement 96 Code of Conduct & Ethics 11 Consolidated Statement of Sponsors 15 Changes in Equity 97 Shareholders 21 Balance Sheet 98 Board of Directors 24 Profit and Loss Account 100 Committees of the Board 37 Cash Flow Statement 101 Management Committee 38 Statement of Changes in Equity 102 Liquidity Statement 103 Stakeholders’ Information Notes to the Financial Statements 105 Five-Year Financial Summary 48 Financial Highlights 155 Value Added Statement 49 Graphical Presentation of Performance 50 Financial Statements of Meghna Bank Securities Limited Directors' Report 157 Strategic Overview Auditor’s Report 159 Message from the Chairman 54 Statement of Financial Position 161 Managing Director & CEO’s Round up 58 Statement of Comprehensive Income 162 Statement of Changes in Equity 163 Statement of Cash Flow 164 Risk & Governance Notes to the Financial Statements 165 Directors' Report 61 Risk Management Framework & Functions 68 Disclosures on Risk Based Supplementary Information Capital Adequacy (Basel III) 71 Events 173 Credit Rating 83 Branch Network 178 Report of the Audit Committee 85 Notice of the 6th AGM 181 Directors’ Responsibility Statement 87 Proxy Form 183 CEO & HoFAD’s Responsibility Statement 88 2 3 ABOUT THE REPORT Presenting the sixth integrated Annual Report, Meghna Bank Limited (MGBL) seeks to provide an overview of the integrated nature of the bank’s business strategy and operations combining economic, environment and social facts during the financial year 2018.
    [Show full text]
  • Mercantile Bank Limited International Division, Head Office, Dhaka SWIFT
    Mercantile Bank Limited International Division, Head Office, Dhaka SWIFT RMA (Relationship Management Application) LIST Last Update Date: 11-12-2019 Active Sl. Country City Bank’s Name SWIFT Code date 1. Algeria Algiers CITIBANK N.A. ALGERIA CITIDZAL 29-01-2008 2. Buenos Aires CITIBANK NA CITIUS33ARR 08-09-2001 Argentina 3. Buenos Aires HSBC BANK ARGENTINA SA BACOARBA 30-12-2004 4. Sydney CITIBANK LIMITED, SYDNEY CITIAU2X 19-08-2001 5. Sydney HSBC BANK AUSTRALIA LTD. (ONLY MT-700) HKBAAU2S 12-09-2001 6. Melbourne HSBC BANK AUSTRALIA LTD. HKBAAU2SMEL 12-09-2001 7. Adelaide HSBC BANK AUSTRALIA LTD. HKBAAU2SADL 12-09-2001 8. Australia Brisbane HSBC BANK AUSTRALIA LTD. HKBAAU2SBNE 12-09-2001 9. Perth HSBC BANK AUSTRALIA LTD. HKBAAU2SPTH 12-09-2001 COMMONWEALTH BANK OF AUSTRALIA 10. Sydney CTBAAU2S 08-12-2003 SYDNEY 11. Melbourne CITIGROUP PTY LIMITED CITIAU3X 19-08-2001 12. Sydney JPMORGAN CHASE BANK, N.A. CHASAU2X 03-02-2011 13. Vienna UNICREDIT BANK AUSTRIA AG BKAUATWW 14-01-2018 Austria CITIBANK INTERNATIONAL PLC - AUSTRIA 14. Vienna CITIATWX 08-01-2007 BRANCH 15. Manama ARAB INVESTMENT COMPANY TAIQBHBM 05-06-2006 16. Manama AL BARAKA ISLAMIC BANK ABIBBHBM 19-08-2009 17. Bahrain Manama BANK ALFALAH LIMITED BAHRAIN ALFHBHBM 07-08-2011 18. Manama JS BANK LIMITED JSBLBHBM 16-10-2017 19. Manama BANK AL HABIB LIMITED BAHLBHBM 19-11-2012 20. Dhaka AB BANK LIMITED ABBLBDDH 10-07-2005 21. Dhaka CITY BANK LIMITED THE CIBLBDDH 23-10-2007 22. Dhaka WOORI BANK HVBKBDDH 10-10-2003 23. Dhaka HONG KONG AND SHANGHAI BANKING CORP.
    [Show full text]