Financial performance evaluation of Jamuna Bank Ltd.

Topics: Bank, Balance sheet, Debt Pages: 49 (8184 words) Published: January 8, 2014
1.1 Organization Overview

Jamuna Bank Limited (JBL) is a Banking Company registered under the Companies Act, 1994 with its Head Office at Printers Building Bhaban, 3, Dilkusha C/A, Dhaka-1000. The Bank started its operation from 3rd June 2001. Jamuna Bank Ltd., the only Bengali named new generation private commercial bank was established by group of winning local entrepreneurs conceiving an idea of creating a model banking institution with different outlook to offer the valued customers, a comprehensive range of financial services and innovative products for sustainable mutual growth and prosperity. The sponsors are reputed personalities in the field of trade, commerce and industries. Jamuna Bank Limited is a highly capitalized new generation Bank with an Authorized Capital and Paid-up Capital of Tk. 10000.00 million and Tk.4487.50 million respectively in the December 2012. Currently the Bank has 83 (eighty three) branches- 42 branches in Dhaka zone, 20 branches in Chittagong zone, 14 branches in Rajshahi zone, 04 branches in Sylhet, 01 in Barisal and 02 branch in Khulna zone. Very soon JBL will cover all over the country. Jamuna Bank Limited is a fast growing private sector bank in Bangladesh. This is a third generation private commercial bank. It has created a new horizon of its own in the banking arena of Bangladesh in terms of service to the customers. The bank has expanded and consolidated its customer base in both of its core businesses and retail banking. The Bank undertakes all types of banking transactions to support the development of trade and commerce in the country. JBL’s services are also available for the entrepreneurs to set up new ventures and BMRE of industrial units. To provide clientele services in respect of international trade it has established wide correspondent banking relationship with local and foreign banks covering major trade and financial centers at home and abroad. Jamuna Bank Limited is operating branches on both conventional interest based banking and Islamic Shariah Principle based Banking. The Bank starts Islamic Shariah based banking by opening an Islamic Banking Branch at Nayabazar, Dhaka. The Islamic Banking operations are completely separate from the conventional banking.

Corporate Slogan of JBL
Your Partner For Growth

Out Line of Jamina Bank Ltd. Bangladesh
a) Nature of Business
Jamuna bank Ltd offers services for all banking need of the customers. As commercial bank it is providing a wide rang of saving and credit products retail banking and ancillary services with the support of modern technology and professional management including its traditional banking business as well as export import handling and its financing.

B) Authorized Capital
The authorized capitals of the bank is Tk. 10000 million at the year 2012.

c) Issued, Subscribe and Paid Up Capital
in 2012 The issued subscribed and paid up capital of the bank is Tk. 4487.50 million.

The capital structure of Jamuna Bank Ltd. Bangladesh: TK Million

Sl. No.

Particulars

2008

2009

2010

2011

2012
01
Authorized Capital
4000.00
4000.00
10000.00
10000.00
10000.00
02
Paid Up Capital
 1313.27
 1621.88
2230.09
3648.40
4487.50
03
Statutory Reserves
-
816.48
1229.45
1723.46
2139.56
04
Retained Earnings
-
615.78
660.61
842.48
629.29

1.2 Vision/ Mission
Vision of the JBL:
To become a leading banking institution and to play a pivotal role  inthe development of the country. Mission of the JBL:
The bank committed to satisfy diversified needs of its customers through an array of products at a competitive price by using appropriate technology and providing timely service so that a sustainable growth, reasonable return and contribution to the development of the country can be ensured with a motivated and professional work-force.

1.3 Strategies
To manage and operate the Bank in the most efficient manner to enhance financial...
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