NRBC Bank Crosses Deposit Milestone of Tk 100 Billions

NRBC Bank logo || Photo: Collected

NRBC Bank Limited, a bank of the NRBs, has now become a bank with a deposit of Tk 100 Billion. Despite the Corona pandemic situation, the Bank’s deposit crossed this milestone on 30 June 2021. Presently the bank’s deposits stand at Tk.10577 Crore on 30 June 2021 which was Tk.7982 crore last year on 30 June 2020. The bank’s deposit was Tk 6359 crore and Tk 5079 crore in 2019 and 2018 respectively. The deposit growth of the bank was recorded at 32.52 % in comparison to the same period of the previous year.

According to bank statistics, Bank has experienced the highest growth in June 2021, which was 25.52 % in 2020 and 25.20 % in June 2019.

Period	Deposits ( In Tk. Crore)	Growth (%)
June’21	10577	32.51
June’20	7982	25.52
June’19	6359	25.20
June’18	5079	-

Mr. SM Parvez Tamal, Chairman of Board of directors of NRBC Bank, said that “Despite Corona pandemic, we have tried to give 24/7 service to our valued clients. During the lockdown, we’ve kept our branches open with our efficient workforce ensuring proper Covid protocol. That is why our deposit has increased to a great amount and this is definitely a reflection of trust of clients in our bank”.

Besides record deposit growth Bank has also experienced higher growth of loans and advances. Total loan disbursement grew by Tk. 2170 Crore or nearly 34 % on June 2021 amid the coronavirus pandemic situation.

Disbursement of total credit rose to Tk 8605 crore during the June 2021 period from Tk 6435 crore in the same period of last year, according to the statement. The total credit disbursement was Tk 5501 crore in June 2019 and Tk 4401 crore same period of 2018.

Mr. Golam Awlia, Managing director (MD) & CEO of NRBC bank said that “The main aim of NRBC Bank is to provide banking service to our clients giving utmost priority to their necessity. We have introduced different technology-based services for this reason. Proper security of mass people’s money is being ensured. We have given priority on disbursing loans and advances beside collections of deposits during this period.”

It is worth mentioning that, The bank has started its journey in April 2013 with the efforts of some patriotic NRBs. NRBC Bank is making relentless efforts to build the habit of saving for the marginalized people besides making a contribution to the balanced development activities of the country. The bank is acting as a trusted custodian of people’s wealth by cultivating a culture of compliance and conducting banking activities with utmost professionalism.

NRBC Bank, one of the fastest-growing banks in the country, currently serves its customers through 83 branches, 430 sub-branches, and 580 agent banking outlets.

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Topic : NRBC Bank

		BN
Thu, 02 May 2024 \| Epaper \|