directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
directors' report - Dutch-Bangla Bank Limited
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REVIEW OF OFF-BALANCE SHEET EXPOSURES AS<br />
AT 31 DECEBER 2010<br />
Total outstanding amount of off-balance sheet<br />
exposures of the <strong>Bank</strong> stood at Taka 46,497.8<br />
million at the end of 2010 from Taka 26,262.8<br />
million of 2009 registering a growth of 77.0%.<br />
The letters of credit outstanding stood at Taka<br />
20,251.7 million at the end of 2010 from Taka<br />
15,816.4 million of 2009 registering a growth of<br />
28.0%. The outstanding letters of guarantee<br />
increased to Taka 4,045.3 million from Taka 3,025.1<br />
million showing a growth of 33.7% in 2010.<br />
Import-Export business and remittance<br />
During the year under review, import business of<br />
DBBL recorded growth of 65.1% (20.7% in 2009)<br />
while export trade grew by 78.6% (2.7% in 2009).<br />
Future Outlook for 2011<br />
In the business plan and budget for 2011, deposits<br />
are projected to grow by 32.1% to Taka 110,000.0<br />
million and loans are projected to increase by<br />
34.5% to Taka 91,000.0 million. Import and export<br />
businesses are expected to rise by 71.1% to Taka<br />
150,000.0 million and 104.1% to Taka 150,000.0<br />
million respectively. With improved deposit mix ,<br />
better quality of assets as well as growing nonfunded<br />
business particularly those related to value<br />
added online services, healthy growth in operating<br />
profit and after tax profit is expected in 2011.<br />
The above growth will be supported by introduction<br />
of Mobile <strong>Bank</strong>ing services, expansion of branches<br />
& ATM network and upgradation of IT and online<br />
banking system to provide better and faster<br />
customer services. Human resources will be<br />
strengthened to improve operational efficiency and<br />
productivity. A number of new products and<br />
services particularly in SME and retail segments will<br />
be introduced to provide wider choice to the<br />
customers.