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Finance Minister AMA Muhith has asked the bankers to properly scrutinise all the project proposals they get and follow the know-your-client formula to make the loans risk-free.
"There are two major roles of the bankers, the first of which is to scrutinise the project proposals they get and the second to know their clients through developing good relationship," he said.
If the banks can carry out these two works nicely, their loans will remain secure, the minister said while addressing the Annual Meeting-2018 of Agrani Bank Ltd held at a hotel in the city’s Nikunja-2.
Presided over by Agrani Bank managing director & chief executive officer (CEO) Mohammad Shams-Ul Islam, the programme was also attended by State Minister for Finance and Planning MA Mannan, Bangladesh Bank governor Fazle Kabir, Financial Institutions Division senior secretary Md Eunusur Rahman, and Agrani Bank board of directors chairman Dr Zayed Bakht.
Speaking at the programme, Agrani Bank CEO said the bank’s operating profit has reached Tk 9.50 billion in 2017 against Tk 5.55 billion in 2016, increasing by 71 per cent.
There are 941 branches of the bank across the country, of which 43 faced loss last year.
Deposit of the bank stood at Tk 530.53 billion in 2017, increasing by 7.0 per cent from 2016's Tk 494.05 billion.
Advance and deposit ratio (AD ratio) of the bank was 60 per cent last year while it was 54 per cent the year before.