directors' report - Dutch-Bangla Bank Limited

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