AB Bank’s classified loans fall drastically in 2019

Published: 22:55, Jul 02,2020


AB Bank has reported a decline in its classified loans to 18.28 per cent in 2019 which stood at 33.07 per cent at the beginning of the year, said a press release.

In 2019, the bank’s operating profit stood at Tk 645 crore which registered a 110-per cent growth compared to Tk 308 crore reported in the previous year.

In 2019, the total deposit of the bank was Tk 27,946 crore compared to Tk 23,544 crore in 2018. 

AB Bank was able to maintain the Loan Deposit ratio within the prescribed limit of below 85 per cent, as per the Bangladesh Bank guidelines.

Other liquidity parameters like Liquidity Coverage Ratio and Net Stable Funding Ratio of the bank were well ahead of regulatory requirements.

Based on the financials of 2019, the bank’s board of directors declared 5 per cent stock dividend for 2019.

The bank is committed to its vision and determined to create shareholders value and has a proven track record of standing beside underprivileged people through its CSR activities, said the release.

AB Bank is continuously accelerating its contribution towards economic and social development of the country in line with government fiscal policy even during the changed scenario of COVID-19, it added. — New Age

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