directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
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Deposits<br />
The deposits grew by Taka 15,456.2 million in 2010 from Taka 67,788.5 million to Taka 83,244.8 million<br />
showing a growth of 22.8%. The growth was supported by expansion of branch network and opening of new<br />
ATM units and Fast Tracks at different business hubs of the country. Deposit mix improved substantially in 2010.<br />
Online banking with expanded ATM network and tailor-made customer services helped increase confidence of<br />
customers in DBBL. As a result, number of savings and current accounts as well as amount of deposits increased<br />
substantially. The share of cost free or low cost deposits increased to 69.0% of total deposits in 2010 (63.6% in<br />
2009), as a result weighted average cost of fund declined to 4.41% in 2010 from 6.53% in 2009.<br />
The savings deposits of the <strong>Bank</strong> increased by Taka 8,685.7 million to Taka 31,030.0 million from Taka 22,344.4<br />
million of the preceding year showing a significant growth of 38.9%. The share of high cost fixed deposits came<br />
down to 31.0% of total deposits in 2010 from 36.4% of the preceding year though the absolute amount of fixed<br />
deposits increased by Taka 1,179.7 million.
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