Introduction National Bank Limited has changed and developed, together with natural growth, has lead to where they are today one of the top listed companies in Bangladesh. Global expansion of the Bank’s correspondent network continued under agency arrangement with multinational banks of international repute. At present Bank’s international network has extended to most of the important cities. NBL is providing banking service among the people of Bangladesh through branch network located all over the country keeping in mind the responsibilities to the society in which it works. Customers’ satisfaction and involvement is the first priority in their daily activities. Their commitment, sincerity, caring for customer loyalty, excellent teamwork, quality focus, secrecy and safety of customer’s information, make NBL as one of the pioneers of first generation private commercial banks in Bangladesh. The vast geographical spread ensures that customers can conduct their personal and business transactions efficiently and with a minimum of fuses. When the banking needs are relationship that is more complex, account managers supported by specialist staff are there to attend to these matters. NBL as a good corporate citizen abide-by set of core values, which reflect National Bank’s commitment to customers to be: Professional in their manner; Responsive to their needs; Flexible in their approach; Always striving for excellence of service. Ownership Pattern: Ownership of NBL consists of Government, Promoters & Public. The pattern is like below- Promoters 50% Government 5% Public 45% History of National Bank Limited National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. The emergence of National Bank Limited in the private sector was an important event in the Banking arena of Bangladesh. When the nation was in the grip of severe recession, the government took the farsighted decision to allow the private sector to revive the economy of the country. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country. National Bank Limited was born as the first hundred percent Bangladeshi owned Bank in the private sector. From the very inception, it was the first determination of National Bank Limited to play a vital role in the national economy. They are determined to bring back the long forgotten taste of banking services and flavors. They want to serve each one promptly and with a sense of dedication and dignity. The president of the People’s Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started commercial operation on March 23, 1983. National Bank Limited is the first right hand in this front line. National Bank first obtained fund from those of the promoters, which is subsequently augmented by the issue of share capital. It started with Tk.100 million of authorized capital and Tk.14 million of paid up capital in March 23, 1983. The second Branch was opened on 11 May 1983 at Khatungonj, Chittagong. At present, NBL has been carrying on business through its 139 branches and 15 SME / Agro Branches (total 154 service locations) spread all over the country. Since in the very beginning, the bank has exerted much emphasis on overseas operations and handled a sizable quantum of homebound foreign remittance. It has drawing arrangements with 415 correspondents in 75 countries of the world, as well as with 37 overseas Exchange Companies located in 13 countries. NBL was the first domestic bank to establish agency arrangements with the world famous Western Union in order to facilitate quick and safe remittance of the valuable foreign exchanges earned by the expatriate Bangladeshi nationals. This has meant that the expatriates can remit their hard-earned money to the country with much ease, confidence, safety and speed. National Bank Ltd is one of the leading banks which introduced first Credit Card in Bangladesh. Our technology has been upgraded to manage the growth of the bank and meet the demands of our customers. ATMs now allow customers to retrieve 24/7 hours cash withdrawals. NBL was also the first among domestic banks to introduce international Master Card in Bangladesh. In the meantime, NBL has also introduced the Visa Card and Power Card. The Bank has in its use the latest information technology services of SWIFT and REUTERS. NBL has been continuing its small credit program for disbursement of collateral free agricultural loans among the poor farmers of Barindra area in Rajshahi district for improving their livelihood. Alongside banking activities, NBL is actively involved in sports and games as well as in various Socio-Cultural activities. The Bank invested 25% equity in Gulf Overseas Exchange Company LLC, a Joint Venture Exchange Company in Oman, operating since November 1985 under the management of the Bank. NBL focused on all key areas covering capital adequacy, maintaining good asset quality, sound management, satisfactory earning and liquidity. Therefore, it was possible to record growth of 6.61 percent with Tk.9391.94 million pre tax profits in the year under review over the preceding year. The net profit after tax and provision stood at Tk.6085.70 million which was Tk.6860.34 million in the previous year. The total deposits increased to Tk.128215.97 million being 25.12 percent increase over the preceding year. Loans and advances registered a growth of 25.42 percent with Tk.115388.89 million in the year under review over the preceding year. Foreign trade was Tk.165464.80 million in 2011 against Tk.144255.04 million in 2010 showing 14.70 percent growth. During 2011, the bank handled inward remittance of Tk.54469.40 million, being 10.83 percent higher than that of 2010. The Bank could maintain capital adequacy ratios of 12.65% which was well above the requirement set by statute. EPS for the year 2011 was Tk.7.07 as against Tk.7.97 in 2010. National Bank, has now acquired strength and expertise to support the banking needs of the foreign investors. NBL stepped into a new arena of business and opened its Off Shore Banking Unit at Mohakhali to serve the wage earners and the foreign investors better than before. Since its inception, the bank was awarded of complying with Corporate Social Responsibility. In this direction, it has remained associated with the development of education, healthcare and has sponsored sporting and cultural activities. During times of natural disasters like floods, cyclones, landslides, it has extended its hand to mitigate the sufferings of victims. It established the National Bank Foundation in 1989 to remain involved with social welfare activities. The foundation runs the NBL Public School & College at Moghbazar where present enrolment is 1140. Besides awarding scholarship to the meritorious children of the employees, the bank has also extended financial support for their education. It also provided financial assistance to the Asiatic Society of Bangladesh at the time of their publication of Banglapedia and observance of 400 years of Dhaka City. The Transparency and Accountability of a financial institution are reflected in its Annual Report containing its Balance Sheet and Profit & Loss Account. In recognition of this, NBL was been awarded Crest in 1999 and 2000, and Certificate of Appreciation in 2001 by the Institute of Chartered Accountants of Bangladesh. The Bank has opened 9 new branches in 2011. The Bank has a strong team of highly qualified and experienced professionals, together with an efficient Board of Directors who play a vital role in formulating and implementing policies. Objectives, Mission & Vision of National Bank Limited Since the very inception, National Bank Ltd. is working with the philosophy of serving the nationals as an ideal and unique financial house. The slogan of this bank is ‘A Bank for Performance with Potential’. Main Corporate Objectives of National Bank Limited Bringing modern banking facilities to the doorstep of general public through diversification of banking services, thereby arising saving propensity among the people. Provide a cordial, deep-rooted and form Banker-Customer relationship by dispensing prompt and improved clientele services. Taking part in the development of the national economy through productive deployment of the Bank’s resources as well as patronizing different social activities. Connecting clients to modern banking practices by the best application of improved information technology, so that they get encouraged to continue and feel proud of banking with NBL. Ensuring highest use of the professional workforce through enhancement of their aptitude and competence. Responding to the need of the time by participating in syndicated large loan financing with like-minded Bank’s of the country, thereby expanding the area of investment of the Bank. Elevating the image of the Bank at home and abroad by sustained expansion of its activities. Mission Efforts for expansion of its activities at home and abroad by adding new dimensions to its banking services are being continued unabated. Alongside, it is also putting highest priority in ensuring transparency, accountability, and improved clientele service as well as to its commitment to serve the society through which it wants to get closer and closer to the people of all strata. Winning an everlasting seat in the hearts of the people as a caring companion in uplifting the national economic standard through continuous up gradation and diversification of its clientele services in line with national and international requirements is the desired goal it wants to reach. Vision Ensuring highest standard of clientele services through best application of latest information technology, making due contribution to the national economy and establishing themselves firmly at home and abroad as a front ranking bank of the country are its cherished vision. Divisions of National Bank Limited For providing service to clients and to organize and co-ordinate the functioning of its several branches throughout the country National Bank Ltd. has established the following divisions in Head Office: a) Audit & Inspection Division b) ATM Card Division c) Board Secretariat d) Budget & Monitoring Division e) Credit Division-1 f) Credit Division -2 g) Credit Card Division h) Classified Loan Recovery Division i) Financial Administration Division j) General Banking Division k) Human Resources Division l) International Division m) Information System & Technology Division n) Law & Recovery Division o) Marketing Division p) Merchant Banking Division q) Public Relations Division r) Reconciliation Division s) Protocol Division t) System & Operation
Posted on: Mon, 30 Sep 2013 14:35:56 +0000
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