OBL Annual Report 2013
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ANNUAL REPORT 2013 www.onebank.com.bd 01 02 Contents Corporate Information 04 Directors’ Profile 06 The Board and its Committees 10 Key Personnel 11 Registered Office / Auditors / Legal Advisers 12 Notice of the 15th AGM 13 Company Milestones 14 Vision and Mission 15 Five Years’ Financial Highlights 16 Chairman’s Address 18 Directors’ Report 22 Audit Committee’s Report 50 Corporate Governance 52 Declaration of MD/CFO 57 Value Added Statement 58 Credit Rating Report 59 Auditors’ Report & Financial Statements 61 Consolidated Balance Sheet 63 Consolidated Profit & Loss Account 65 Consolidated Cash Flow Statement 66 Consolidated Statement of Changes in Equity 67 Balance Sheet-OBL 68 Profit & Loss Account-OBL 70 Cash Flow Statement-OBL 71 Statement of Changes in Equity-OBL 72 Liquidity Statement-OBL 73 Notes to the Financial Statements 74 Disclosures on Risk Based Capital (BASEL II) 119 Off-Shore Banking Unit 116 Financial Highlights 113 ONE Securities Limited 134 Network of Branches and Booths 143 Proxy and Attendance 145 03 Corporate Information Name of the Company ONE Bank Limited Chairman Mr. Sayeed Hossain Chowdhury Vice Chairman Mr. Asoke Das Gupta Managing Director Mr. M. Fakhrul Alam Company Secretary Mr. John Sarkar Legal Status Line of Business SWIFT Public Limited Company Banking ONEBBDDH Date of Incorporation Telephone Website May 12, 1999 88 02 9118161 www.onebank.com.bd Registered Office Telefax 2/F HRC Bhaban 88 02 9134794 46, Kawran Bazar C.A. Dhaka-1215. 04 Directors’ Profile Mr. Sayeed H. Chowdhury Chairman After completing his higher education in London – UK, Mr. Sayeed H. Chowdhury joined the family business in 1981 and was based in the Sultanate of Oman until 1987, looking after its business interest in the Gulf region. Returned home to work for the family company “Karnaphuli Group” as its Director Finance and Planning. In March 1991, Mr. Chowdhury founded the HRC Group, the much acclaimed and multi faceted blue chip business house of Bangladesh. Initially starting as a shipping agency, the group is now a leading conglomerate of Bangladesh consisting of nineteen member companies with diverse interest which includes but is not limited to ship owning, chartering and agency, tea estate and rubber plantation, blending and packaging of tea for local market and export, real estate, print media, GLS-bulb manufacturing, distribution, insurance, housing finance, merchant banking, information technology, etc. Export performance of HRC in the tea sector has earned Mr. Chowdhury the Government CIP honour for twelve (12) consecutive years. He is the Founder, Chairman and CEO of HRC family of companies. Mr. Chowdhury is also Chairman of Media New Age Limited and Information Services Network Limited. He is the Chairman of the Editorial Board of the Bangla National daily Jaijaidin. A Director of Holiday Publications Limited and a Sponsor Shareholder of Bangladesh General Insurance Co. Ltd. Mr. Chowdhury is the Ex-President of Bangladesh Oceangoing Shipowners’ Association (BOGSOA). He is also a member of the British Institute of Management. Recognitions: National International Industry Business Award (2003) CPBU Business Entrepreneur of the Year 2007 – Financial Mirror Business Award (2004) United Kingdom. Rafiqul Islam Foundation Banking Award (2004)– Queen’s Special Award 2007 - The Ede and the best Bank Chairman. Ravenscroft, United Kingdom Financial Mirror Export Award (2007) Michael Madhusudhan Dutt Award (2007)–for Fellowship Upliftment of Education and Social Welfare Honorary Fellowship of the Corporation of Atish Depankar Gold Medal Award (2009)–for Executives Administrators (CEA) – United Kingdom outstanding contribution in Commerce and Industry. 06 Directors’ Profile Mr. Asoke Das Gupta Vice Chairman Mr. Asoke Das Gupta is a reputed businessman of the country. He is the Chief Executive of IMTREX and the Managing Director of Uniroyal Trade Ltd. and he is also the Chairman of Uniroyal Securities Ltd. which is a member of the Dhaka and the Chittagong Stock Exchanges Ltd. Mr. Zahur Ullah Director Mr. Zahur Ullah, Director of ONE Bank Limited is a prominent business person in the country. He graduated in Finance from University of Dhaka. He is also the Managing Director of GTEX Ltd. He is one of the Directors of Holiday Publications Ltd. Mr. Zahur Ullah is the Chairman of LL Group and is involved in the buying, manufacturing, and exporting of readymade garments and allied products. Mr. A.S.M. Shahidullah Khan Director Mr. A.S.M. Shahidullah Khan is one of the Directors of ONE Bank Limited, representing KSC Securities Limited. He participated in the liberation war as a freedom fighter. Presently, he is the Managing Director of Media New Age, publisher of national English Daily The New Age. 07 Directors’ Profile Mr. Kazi Rukunuddin Ahmed Director Mr. Kazi Rukunuddin Ahmed, one of the Directors of ONE Bank Limited, representing Irfan International Limited is a highly regarded B.Sc. Engineer. Mr. Shawket Jaman Director Mr. Shawket Jaman is a Director of ONE Bank Limited, representing M R Holdings & Securities Limited. Mr. Salahuddin Ahmed Depositor Director Mr. Salahuddin Ahmed, Depositor Director of ONE Bank Limited is a renowned Management Consultant. He obtained his Master’s Degree from Dhaka University. He is experienced in Project Development, Cost Control, Procurement Management and Contract Administration. He is also the Managing Director of Consolidated Services Limited (CSL). 08 Directors’ Profile Mr. Syed Nurul Amin Independent Director Mr. Syed Nurul Amin, Independent Director of ONE Bank Limited is a seasoned banker. He served in different capacities in different banks for more than four (4) decades. He retired as Managing Director. Mr. Amin was also a nominated Director on the Boards of Directors of IDLC and IIDFC. Mr. M. Fakhrul Alam Managing Director Mr. M. Fakhrul Alam has been appointed as Managing Director of ONE Bank Limited for a tenure of 3 (three) years with effect from October 8, 2013. He was the Additional Managing Director of the Bank prior to that. Before joining ONE Bank Limited, he had served with Eastern Bank Limited as Deputy Managing Director and Head of Corporate Banking, Treasury & Investment Banking. Over the last 29 years, Mr. Alam’s career evolved as a well rounded banker with adequate exposure in Corporate, Treasury and Investment Banking in various capacities in different banks and other financial institutions. He started his career at Agrani Bank Limited as a Senior Officer in 1983, and later served different organizations at home & abroad including IFIC Bank Limited and Bank of Credit & Commerce International (Overseas) Ltd. Besides distinctive academic records, he is also an MBA from IBA, Dhaka University. 09 The Board and its Committees BOARD OF DIRECTORS Chairman Mr. Sayeed Hossain Chowdhury Vice Chairman Mr. Asoke Das Gupta Directors Mr. Zahur Ullah Mr. A.S.M. Shahidullah Khan Mr. Kazi Rukunuddin Ahmed Mr. Shawket Jaman Mr. Salahuddin Ahmed, Depositor Director Mr. Syed Nurul Amin, Independent Director Mr. M. Fakhrul Alam, Managing Director AUDIT COMMITTEE EXECUTIVE COMMITTEE Chairman Chairman Mr. Syed Nurul Amin Mr. Zahur Ullah Members Members Mr. A.S.M. Shahidullah Khan Mr. Sayeed Hossain Chowdhury Mr. Shawket Jaman Mr. Asoke Das Gupta Mr. Syed Nurul Amin COMPANY SECRETARY Mr. John Sarkar 10 Key Personnel Managing Director Mr. Md. Bahar Mahmud Mr. Md. Rafe Shafquat Mr. Debasish Das Mr. M. Fakhrul Alam Mr. Md. Golam Rabbani Mr. Md. Zahidul Islam Ms. Sajeda Khatun Mr. Md. Zahid-Ul-Islam Mr. Md. Yusuf Mr. Md. Waliul Islam Deputy Managing Director Ms. Mallika Nabi Ms. Anjima Begum Mr. Muhammad Shahidul Islam Ms. Johora Bebe Mr. Mohammad Farhad Hossen Khan Mr. Aminul Islam Mr. M. M. Rashidul Kabir Chowdhury Mr. Wakar Hasan Ms. Shaila Yeasmeen Beauty Mr. Mohammad Mahfuzul Alim Mr. Mohammad Mehboob Ali Ms. Jahanara Begum Mr. Md. Masumul Goni Mr. Mehbub Rana Additional Deputy Managing Director Mr. Mohammad Quasem Ms. Asma Noorjahan Mr. A. F. Gazi Alauddin Ahmed Ms. Rozina Aliya Ahmed Mr. Newaz Khalid Ahmed Mr. Md. Nur Un Nobi Mr. Shahid Emdadul Islam Mr. A. B. M. Saif Sarwar Mr. S. M. A. Moktadir Mr. Mahtab Ibna Mannan Sarker Mr. Md. Tanvir Alam Khan Mr. Md. Shafiur Rahman Sikder Mr. Mohammad Manzur Mahbub Mr. Md. Mahbubul Alam Senior Executive Vice President Mr. Md. Abdur Rab Mr. Md. Mobasherul Haque Mr. Md. Ferdous ul Amin Mr. M. Rafiqul Islam Mr. Md. Borhan Uddin Mr. Md. Motaher Hossain Mr. Md. Shahidul Islam Mr. John Sarkar Mr. Syed Maruf Ali Mr. Md. Oliur Rahman Ms. Nilufar Panna Mr. Mahmudul Khaleque Mr. Md. Alauddin Mr. Md. Kazi Mohibur Rahman Mr. Khuda Baksh Tawhid Mr. Shabbir Ahmed Mr. Asirul Haque Mr. Mohammad Rafi Uddin Mr. Md. Aftab Uddin Khan Senior Assistant Vice President Md. Azharul Islam Khan Mr. S. M. Shariful Islam Mr. Md. Fazlur Rahman Chowdhury Mr. Nirmalananda Chowdhury Mr. Md. Zahidul Islam Mr. Jamal Uddin Ahmed Mr. Md. Farooque Mr. Syed Fazle Elahi Executive Vice President Mr. Shaikh Babul Hossain Mr. Qamrul Chowdhury Mr. Md. Abir Rahman Mr. Adil Raihan Mr. Syed Shahidul Haque Ms. Nasima Ashraf Mr. Shafiuzzaman Ms. Tanjiba Sultana Mr. Md. Maksudul Alam Mr. Khandaker Liakat Ali Mr. Noor Mohammed Mr. Md. Muyeed Hasnayen Mr. A. H. M. Al- Ahasan Mr. Taufiq Ahmed Mr. Ahmad Ullah Mr. Habibul Islam Legal Retainer Assistant Vice President Mr. S.M. Salahuddin Mr. Kazi Moeenur Rahman Chowdhury Barrister Shafiqul Kabir Khan Mr. Md. Rizwan Ali Khan Mr. Kazi Md. Eleas Kanchan Mr. Mohammad Abdul Azim Ms. Kazi Fauzia Yasmin Mr. Muhammad Mostafigur Rahman Mr. Nitya Narayan Choudhury Senior Vice President Ms. Rehena Yasmin Mr. Mohammed Rafiul Islam Mr. Faisal Adil Mr. Md. Mostaque Hossain Mr. Biplab Banik Mr. Kazi Mahmudur Rahman Mr. S. M. Showkat Hossain Mr. Md. Rafiqul Islam Ms. Sultana Jushia Mr. Md. Kawsaruzzaman Chowdhury Mr. Md. Monirul Alam Romel Mr. M. Ahsan Habib Mr. Md. Sharifur Rahman Mr. Sk. Wahidul Hossain Mr.