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BDBL makes Tk175cr pre-tax profit in 2014

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UNB, Dhaka :
The net profit before tax of Bangladesh Development Bank Limited (BDBL) was Tk 175 crore in the outgoing year of 2014 compared to Tk 131 crore in 2013.
Due to the strategic plan of the banking management, the net profit before tax of this specialized bank is increasing every year as it was Tk 82.24 crore in 2010; Tk 86.11 crore in 2011; Tk 103 crore in 2012; and Tk 131 crore in 2013, said a BDBL statement.
The EPS of the bank was Tk 16.11 in 2010; Tk 17.15 in 2011; Tk 20.92 in 2012; Tk 25.50 in 2013; and Tk 30.00 in 2014.
The deposit of the BDBL stood at Tk 2,000 crore in 2014 as against Tk 142 crore at the beginning of starting its banking activities in 2010.
Over the last four years, the Bank has paid a total of Tk 330 crore to the state exchequer against the total outstanding of Tk 365 crore to the government. Besides, the bank has paid Tk 97 crore to the state coffer as tax since 2010.
The total number of branches of the BDBL now stands at 31 from earlier 17 while the reserve capital of the Bank is now Tk 1,297 crore. The statement also said that the Bank has now no deficit in its provision.
In 2010, the BDBL started its journey as a 100-percent state-owned specialized bank through the merger of Bangladesh Shilpa Bank (BSB) and Bangladesh Shilpa Rin Sangstha (BSRS).

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