Agrani Bank holds its 18th AGM

Agrani Bank PLC conducted its 18th Annual General Meeting (AGM) on 31 July 2025 at the bank’s head office board room.

The meeting was presided over by the chairman of the Board of Directors, Syed Abu Naser Bukhtear Ahmed, according to a press release.

Nazma Mobarek, Secretary of the Financial Institutions Division under the Ministry of Finance, attended the event as Chief Guest and Government Representative.

Board Directors Dr. Md. Fazlul Hoque, Kabirul Ezdani Khan, Mohammad Sultan Mahmud, Muzaffar Ahmed, Md. Sayed Kutub, and Md. Rizwanul Huda were also present.

Managing Director and CEO Md. Anwarul Islam, Bangladesh Bank observer Md. Amzad Hossain Khan, Deputy Managing Directors, General Managers, and representatives from the audit firm also joined the meeting.

The audited financial statements for the year 2024 were unanimously approved during the session.

In her remarks, the chief guest, Nazma Mobarek, discussed the bank’s business targets and expressed her optimism that Agrani Bank would demonstrate even stronger performance in all financial indicators and continue to lead as a top state-owned commercial bank.

Chairman Syed Abu Naser Bukhtear Ahmed reviewed the 2024 financials and expressed satisfaction with the bank’s achievements across all key business metrics.

Managing Director and CEO Md. Anwarul Islam presented an overview of the bank’s performance in areas such as loan recovery, deposits, lending, operating profit, import-export activities, remittance inflow, and service expansion. He highlighted the bank’s growing contribution to both the national economy and social development.

In 2024, Agrani Bank’s total assets rose to Tk 1281.06 billion from Tk 1230.96 billion in 2023, reflecting a 4.07 per cent growth. Interest-earning assets increased by 3.22 per cent to Tk 830.66 billion. The bank’s total investment stood at Tk 277.60 billion, with Tk 215.99 billion in government securities.

This marks a 9.10 per cent increase over 2023. The return on investment improved to 8.71 per cent from 7.90 per cent the previous year. Loans and advances grew by 4.41 per cent, reaching Tk 790.37 billion. Deposits stood at Tk 992.32 billion, up Tk 3.23 billion from the previous year, with 54 per cent being low or no-interest deposits.

The Advance- deposit (AD) ratio was 79.65 per cent. The bank posted an operating profit of Tk 15.11 billion in 2024. Its net interest spread stood at 5.38 per cent, and operational costs remained within the limits agreed upon with Bangladesh Bank. Provisioning reached Tk 90.83 billion up 30 per cent from the previous year.

Once again, Agrani Bank ranked first among state-owned banks in inward foreign remittance collection.

In 2024, the bank facilitated Tk 210.33 billion in remittances a 76.24 per cent increase from 2023. For this achievement, it received the “Remittance Award 2024” from the Ministry of Expatriates’ Welfare and Overseas Employment. The bank also played a major role in trade finance.

Import transactions totaled Tk 505.88 billion, reflecting a 21.18 per cent growth over 2023. On the other hand, Export transactions reached Tk 141.14 billion. Classified loans stood at Tk 320.02 billion in 2024.

The bank made significant strides in loan recovery, retrieving Tk 17.26 billion, including Tk 4.41 billion in cash.

Agrani Bank PLC continues to operate with efficient leadership and skilled human resources, contributing actively to national development.

In his closing remarks, the Managing Director and CEO reaffirmed the bank’s commitment to delivering improved customer service, achieving higher business growth, and strengthening institutional reputation in 2025 and beyond.