Agrani Bank

Introduction of Agrani Bank Limited:
Agrani Bank Limited, a leading commercial bank with 953 outlets strategically located in
almost all the commercial areas throughout Bangladesh, overseas Exchange Houses and
hundreds of overseas Correspondents, came into being as a Public Limited Company on May
17, 2007 with a view to take over the business, assets, liabilities, rights and obligations of the
Agrani Bank which emerged as a nationalized commercial bank in 1972 immediately after the
emergence of Bangladesh as an independent state. Agrani Bank Limited started functioning as
a going concern basis through a Vendors Agreement signed between the ministry of finance,
Government of the People's Republic of Bangladesh on behalf of the former Agrani Bank and
the Board of Directors of Agrani Bank Limited on November 15, 2007 with retrospective effect
from 01 July, 2007. Agrani Bank Limited is governed by a Board of Directors consisting of 13
(thirteen) members headed by a Chairman. The Bank is headed by the Managing Director &
Chief Executive Officer; Managing Director is assisted by Deputy Managing Directors and
General Managers. The bank has 11 Circle offices, 36 Divisions in head office, 53 zonal offices
and 953 branches including 34 corporate and 42 AD (authorized dealer) branches and 5
subsidiary companies.
History of Agrani Bank Limited

Agrani bank, in pursuance of Bangladesh banks (nationalization) order 1972 (P.O. No-26 of
1972) came into being in 1971 taking over the assets and liabilities of the east while Habib
bank ltd. And commerce bank ltd. Functioning in the then East Pakistan. The bank started
operation with 249 branches with its head office in Dhaka. In principle, it changed its motto
from class banking to mass banking. As there had been poor banking structure and it failed to
build sound banking infrastructure by local entrepreneurs before independence and the newly
born independent country was down with enormous economic problem, the new govt. Agrani
Bank being one of the largest nationalized commercial bank must shoulder the responsibility
of expanding its network in rural area. Presently bank has its 561 branches out of total 891
branches located in rural areas implementing as many as 29 programs targeting rural people.
During my internship at Agrani Bank Ltd, I was placed in the Agrani Bank Limited wasa
corporate branch. I enjoyed my total working with the young, skilled & professional employees
and earn my knowledge regarding financial and non-financial performance of Agrani Bank ltd.
Bangladesh
Vision and Mission of Agrani Bank Limited:

To become the best leading state owned commercial bank of Bangladesh operating at
international level of efficiency, quality, sound management customer service and strong
liquidity.
Vision of Agrani Bank Limited:

To become the best leading state owned commercial bank of Bangladesh operating at
international level of efficiency, quality, sound management, customer service and strong
liquidity.
Mission of Agrani Bank Limited:
To operate ethically and fairly within the stringent framework set by our regulators and to
assimilate ideas and lessons from best practices to improve our business policies and
procedures to the benefit of our customers and employees.
Strategic Objectives of the Bank:

❖ Winning at least 6.50 percent share of deposits and 5.50 percent share of loans and
advance of Bangladesh market.
❖ Gaining competitive advantage by lowering overall cost compared to that of competitors.
❖ Overtaking competitors by proving quality customer service.
❖ Achieving technological leadership among the peer group.
❖ Strengthening the Bank’s brand recognition.
❖ Contributing towards the economic well-being of the country by focusing particularly on
❖ SME and agricultural Sectors.
❖ Strengthening research capability for innovative product
Board of director of Agrani bank Limited :

Dr. Zaid Bakht: Chairman
Ms. Mahmuda Begum : Director
Dr. Md. Foroz Ali : Director
Mr. Kashem Humayun: Director
Md. Ansar Ali Khan: Director
Mr. Mohammad Shams-Ul Islam: Managing Director & CEO
Top Management of Agrani bank Limited
Mr. Mohammad Shams-Ul Islam: Managing Director & CEO
Md. Yusuf Ali: Deputy Managing Director
Mr. Md. Anisur Rahman: Deputy Managing Director
Muhammad Altaf Hossain: Full Time Law Advisor (General Manager)
Md. Monowar Hossain, FCMA, FCPA, CIPFA (UK), FCAGeneral Manager & Head of ICC
Mr. Md. Wali Ullah: General Manager
Mr. Sukanti Bikash Sanyal: General Manager & (CAMLCO)
Md. Nurul Islam: General Manager
Mahmudul Ameen Masud: General Manager
Md. Abdus Salam Mollah: General Manager
A.M Abid Hossain: General Manager
Md. Anwarul Islam: General Manager
Md. Shafiqur Rahman Sadique: General Manager
Muhammad Golam Mostafa General: Manager
Jahar Lal Roy: General Manager
Abul Basar Serniabad: General Manager
Mrs. Zakia Begum: General Manager
Md. Nazmul Haque: General Manager
Md. Faruque Ahmed: General Manage
Md. Mozammel Hossain: General Manager
Md. Monirul Islam: General Manager
Mohammad Ullah: General Manager
Md. Mahfuzur Rahman Miah: General Manager.
Product and services of Agrani bank Limited:
Personal Banking: Personal banking products are Deposit, Loan and Card services offered
by ABL. Deposit services are Savings bank account, Fixed deposit receipt, Pension sanchay
scheme.These schemes enhance small savings of limited income people to be accumulated.
Loan products at personal level are Home loan, Consumer loan, and Advance against salary.
These programs help to achieve your dreams just in time and at a minimum effort.
Corporate Banking: Agrani Bank provide deposit services like Current account and Fixed
deposit for its corporate clients. On the other hand, it arranges funds through syndication of
banks for big, corporate projects. Thus the bank is contributing to uplift the national economy
to a higher level.
Business support: With a view to building up a fund of Tk. 500 crore for financing industrial
projects, ABL introduced Agrani Bank Shilpa Unnayan Bond in 1999. There are two types of
bonds, 5 and 7 years. The lowest denomination is Tk. 50,000 and highest one is of Tk. 500,000.
Interest rate is good enough to attract people.
Agri & Rural Banking: Now bottom line farmers may have a bank account depositing Tk.10
only. Agrani Bank provides this service to rural Bangladesh. Young generation intending to go
abroad for jobs may have loan for their air tickets and other expenses against nominal securities.
SME Banking: Small and medium enterprise of the country is one of the deserving sectors for
financial support. Agrani Bank justifiably provide credit to them under different schemes. ABL
launched a joint venture program named Small Enterprise
Banking for NRBs: Nonresident Bangladeshis now get banking facility through Agrani Bank.
They may have an account in taka, they may invest in Dollar Bonds. They are also allowed to
have an F/C account. If you are one of them, you can avail these opportunities. Your nominees
are also entitled for these scopes.
Merchant Banking: The merchant banking unit of Agrani Bank was turned into a subsidiary
entity in 2009 and named as Agrani Equity & Investment Limited. This unit serves Issue
management, Underwriting and Portfolio management functions.
Islami Banking: Among the nationalized banks Agrani was the first to introduce Islami
Banking service. Agrani Bank provides completely interest free Shariah based banking to the
clients.
References:
 https://www.agranibank.org/index.php/aboutus
 https://www.agranibank.org/index.php/aboutus/bod
 https://www.agranibank.org/index.php/aboutus/management
 https://en.wikipedia.org/wiki/Agrani_Bank

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Introduction of Agrani Bank Limited:

History of Agrani Bank Limited

Vision and Mission of Agrani Bank Limited:

Vision of Agrani Bank Limited:

Strategic Objectives of the Bank:

Board of director of Agrani bank Limited :

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