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Together Towards Tomorrow’

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Together Towards Tomorrow’ annual reporT together towards 2019 tomorrow annual reporT 2019 annual reporT together towards 2019 tomorrow EXPORT IMPORT BANK OF BANGLADESH LIMITED CONTENTS Our Vision 3 Our Mission 4 Board of Directors 5 Brief Profile of the Directors 6 List of Sponsors 9 Executive Committee 10 Board Audit Committee 10 Risk Management Committee 11 Shariah Supervisory Committee 11 Management Team 12 Corporate Information 14 Five years Financial Performance at a Glance 15 Notice of the 21st Annual General Meeting 16 From the Desk of the Chairman 18 Round-up: Managing Director & CEO 21 Directors’ Report 25 Compliance Status of Corporate Governance Guidelines of BSEC 61 Corporate Social Responsibilities 80 Report on Risk Management 85 Market Discipline Disclosure 103 Report of the Board Audit Committee 131 Annual Report of the Shariah Supervisory Committee 132 Auditor’s Report 134 Consolidated Balance Sheet 141 Consolidated Profit and Loss Account 143 Consolidated Cash Flow Statement 144 Consolidated Statement of Changes in Equity 145 Consolidated Liquidity Statement 146 Balance Sheet 147 Profit and Loss Account 149 Cash Flow Statement 150 Statement of Changes in Equity 151 Liquidity Statement 152 Notes to the Financial Statements 153 Highlights on the Overall Activities 225 Financial Statements–Off-shore Banking Unit 226 Financial Statements of Subsidiaries 232 Photo Album 282 International & National Recognition 290 Branches of EXIM Bank 296 Proxy Form 306 OUR VISION The gist of our vision is ‘Together Towards Tomorrow’. Export Import Bank of Bangladesh Limited believes in togetherness with its customers, in its march on the road to growth and progress with service. To achieve the desired goal, there will be pursuit of excellence at all stages with a climate of continuous improvement, because, in EXIM Bank, we believe, the line of excellence is never ending. Bank’s strategic plans and networking will strengthen its competitive edge over others in rapidly changing competitive environment. Its personalized quality services to the customers with the trend of constant improvement will be the cornerstone to achieve our operational success. OUR MISSION Eventually the bank also emphasizes on: The bank has chalked out the following » Provide high quality financial services in corporate objectives in order to ensure export and import trade smooth achievement of its goals: » Providing efficient customer service » To be the most caring and customer friendly and service oriented bank » Maintaining corporate and business ethics » » To create a technology based most efficient Being trusted repository of customers’ money and their financial adviser banking environment for its customers » Making its products superior and » To ensure ethics and transparency at all rewarding to the customers levels » Display team spirit and professionalism » To ensure sustainable growth and establish full value to the honourable » Sound Capital Base stakeholders and » Enhancement of shareholders’ wealth » Above all, to add effective contribution to » Fulfilling its social commitments by the national economy expanding its charitable and humanitarian activities BOARD OF DIRECTORS Chairman Mr. Md. Nazrul Islam Mazumder Vice Chairman Mr. Md. Abdul Mannan (Deceased on 18.01.2020) Directors Mr. Md. Nazrul Islam Swapan Mr. Mohammad Abdullah Mrs. Nasreen Islam Mr. Md. Nurul Amin Mr. Anjan Kumar Saha Major Khandaker Nurul Afser (Retd) Independent Directors Lt Col (Retd) Serajul Islam BP (BAR) Mr. Ranjan Chowdhury Mr. Khandakar Mohammed Saiful Alam Mr. Muhammad Sekandar Khan Managing Director & CEO Dr. Mohammed Haider Ali Miah EXPORT IMPORT BANK OF BANGLADESH LIMITED 5 BRIEF PROFILE OF THE DIRECTORS Mr. Md. Nazrul lslam Mazumder A dynamic thinker, a visionary, a great humanitarian; Mr. Md. Nazrul Islam Mazumder, is the honourable Chairman of the Bank. He is a paragon of sheer success in the business sector of Bangladesh. He hailed from a respectable Muslim family of Rajapur, Laksham, Cumilla. He obtained Master Degree with Honours in English from the University of Chittagong. Mr. Mazumder is also the Chairman of Bangladesh Association of Banks (BAB), the apex body of Bangladeshi private commercial banks and NASSA Group of Industries. He is also a Director of FBCCI. He has vast business experience of more than two decades. His wife Mrs. Nasreen Islam, a Sponsor Director of the Bank, has also engaged herself in business and social activities. They have two children Walid Ibne Islam and Anika Islam. Mr. Mazumder visited almost all the countries of the world to attend seminar, symposium etc and also for business purpose. He is one of the leading pioneers to nurture Corporate Social Responsibility (CSR) in Bangladesh. Mr. Md. Abdul Mannan (Deceased on 18.01.2020) A renowned politician of the country, Mr. Md. Abdul Mannan was a Member of Parliament for three consecutive terms. He passed B.Sc. Agr (Hons.) and M.Sc. Agr (Agronomy). He also obtained Master Degree in Agricultural Chemistry. Mr. Md. Nazrul lslam Swapan A prominent name in the business arena of Bangladesh, Mr. Md. Nazrul Islam Swapan is a Sponsor Director of the Bank. He is an M.A with B.A (Hons). He has more than two decades of experience. He is the managing director of Nassa Holdings Ltd. and Nassa Design & Development Ltd. He has also been engaged in various social activities. Mr. Mohammad Abdullah Mr. Mohammad Abdullah is one of the Sponsor Directors of the Bank. He is an M.A. He has vast business experience of more than two decades. He participates in social activities. He was a Member of Parliament. Mrs. Nasreen Islam Mrs. Nasreen Islam is a Sponsor Director of the Bank. She hailed from a respectable Muslim family of Gajimura, Laksham, Cumilla. She is a graduate. She is a Director of Nassa Group of Industries. She has actively engaged herself in various business and social activities. Mr. Md. Nurul Amin Mr. Md. Nurul Amin is a Director of the Bank. He has emerged as one of the business magnets of our country. He is a graduate. He has enormous experience in electronics business. He is Managing Director of Electro Mart Ltd and Trade International Marketing Ltd. He is engaged in social activities also. He is the Chairman of Risk Management Committee of the Board. Mr. Anjan Kumar Saha Mr. Anjan Kumar Saha, who has vast experience as an importer of raw cotton and cotton yarn, is one of the Sponsor Directors of the Bank. He hailed from respectable Hindu family of Cumilla. He is an M.Com. He is a Director of G.N Cotton Spinning Mills Ltd. 6 Annual Report 2019 Major Khandaker Nurul Afser (Retd) Having vast experience of professional carrier in different sectors, Major Khandaker Nurul Afser (Retd) is one of the Directors of the Bank. He obtained B.A. degree from University of Dhaka. He has gloriously served in Bangladesh Army for thirteen years. He is the Chairman and Managing Director of Afser Group of Bangladesh and Chairman of Afser Real Estate & Construction Ltd. He is currently the Chairman of Retired Armed Forces Officers’ Welfare Association., Bangladesh (RAWOA). He participates in social activities. Lt Col (Retd) Serajul lslam BP (BAR) Lt Col (Retd) Serajul lslam BP (BAR), an Independent Director of the Company, was an ex-defense officer. He served in Bangladesh Army till 02-01-2000 and retired as Lt. Col. For his outstanding contribution for the country, the Government of Bangladesh has awarded him with glorious honour of Bir Pratik (BAR). He holds B.Com degree. He participates in social activities. Mr. Ranjan Chowdhury An Independent Director of the Company, Mr. Ranjan Chowdhury is a graduate. He is one of the rising businessmen of the country. He has professional experience of almost two decades. He also participates in social activities. He is the Chairman of Board Audit Committee of the Bank. Mr. Khandakar Mohammed Saiful Alam Mr. Khandakar Mohammed Saiful Alam, who has vast business experience, is an Independent Director of the Bank. He hailed from Mulchar, Tangibari, Munshigonj. He completed B.Com (Hons) in Management and also obtained Master degree in Marketing Management from Chittagong University. Mr. Muhammad Sekandar Khan An Independent Director of the Company, Mr. Muhammad Sekandar Khan, is a distinguished scholar and economist of the country. He has four decades of teaching experience. He hailed from Panchlaish, Chattogram. He obtained B.A (Hons) and M.A degree from University of Dhaka and M. Phil from leeds. He has many research works and articles which has enriched the nation. He visited many countries to attend workshops, seminars, symposiums etc. Dr. Mohammed Haider Ali Miah Managing Director & CEO A veteran banker and a dynamic leader, Dr Mohammed Haider Ali Miah took his BSc (Honours) and MSc degrees from Dhaka University in 1978 and 1979 respectively. He obtained MBA degree with outstanding performance and distinction from Stamford University Bangladesh in 1999. He also obtained Banking Diploma from Institute of Bankers, Bangladesh (IBB) and post-graduate diploma in Islamic Banking & Insurance from the Institute of Islamic Banking & Insurance (IIBI), London, UK. He is an Associate Fellow of IIBI. He has been awarded PhD from California, USA. He has attended prestigious executive development programmes in USA and UK. In 2015, he attended a value creation and strategic management programme at INSEAD Business School, France. Dr Miah embarked upon a challenging career of a private sector banker in 1984 as Probationary Officer. In 2000, he joined Export Import Bank of Bangladesh Ltd. as Vice President. His 36-years-long banking career has mostly been spent in foreign exchange operation, investment operation, branch management and policy formulation. He was promoted as Deputy Managing Director and subsequently Additional Managing Director respectively in 2008 and 2011 prior to his appointment as Managing Director in 2012. In recognition of his outstanding contribution to development of the bank, the Board of Directors of EXIM Bank awarded him gold medal three times—in 2001, 2002 and 2004.
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