Annual Report 2017

About this Report
At Agrani Bank Limited (ABL), we recognize that transparency is key to stakeholder

engagement and through the reporting of both financial and non-financial
performance, we share how we create value for all of our stakeholders. This report
and more information on ABL can be found at www.agrnibank.org. Hard copies of
the report have been printed on sustainably-sourced.
Contents
One step for ward to the excellance
Management Discussion and

Analysis
Signing of Accounts 2017 62

61-72 Performance Review 2017 63-65
Comparative Scenario 66-67
Graphical Presentation 68-69
Segment Analysis 70-71
Future Outlook 72
Directors’ Report
Global Economy 74-75

73-112 Bangladesh Economy 75-78
Business Performance Review 79-99
Directors’ Report in Bangla 100-112
F E AT U R E S
About Agrani Bank Limite 6 Integrated Report
What We Do 7
Business Model 114
Where We Operate 8
Product and Services 115-116
Vision, Mission, Motto, Core Values 9
Business Ethics 10-11 113-165 Business Strategy 117
Corporate Governance 118-134
Code of Conduct 12
Internal Control and Compliance 135-145
Strategic Objectives 13 Risk Management 146-153
Corporate Information 14 Disclosure under Basel-III 154-165
Origin and growth of Agrani Bank 16-17
Awards and Accolades 18
6-60 Board of Directors 19

Directors Profile 20-29
Shareholders Information 30 Sustainability Report
Committees of the Board 31
Management Team 32 Message from MD & CEO 168
Creating Sustainable Value through
Photo Gallery 36-41
Five Years Performance 42-43 166-180 Banking Operation 169
Graphical Presentation 44-47 Sustainability Approach 170-177
Horizontal Analysis 48-49 Value Added Statement 178
Vertical Analysis 50-51 Economic Value Added (EVA) Statement 179-180
Credit Ratings 52
Chairman’s Statement 54-55
Overview of Managing Director and CEO 57- 60
2 Annual Report 2017

Accounts of Subsidiary Companies
Agrani Equity & Investment Ltd. 339-345
339-389
Agrani SME Financing Company Ltd. 347-354
Agrani Exchange House Private Ltd., Singapore 355-364
Agrani Remittance House Sdn. Bhd., Malaysia 365-379
Agrani Remittance House Canada Inc 381-385
Agrani Exchange Company (Australia) Pty. Ltd. 387-389
Sustainability Report
Agrani Bank Network
Green Banking 181-184
Corporate Social Responsibility (CSR) 185-189 Head Office Divisions 392
181-205 Human Resource Management & Development 190-196 Circle Offices 393
Automation and Digitalization 197-200
Stakeholder Engagement 201-204
391-404 Name of Zones with Branches 394
Corporate Branches 395
Sustainability Scorecard 205 Authorised Dealer Branches 396-398
Zonewise Branches 399-404
Financials 405-408 Standard Disclosure Checklist

405-408
Independent Auditors’ Report 208-210

Consolidated Balance Sheet 211
Consolidated Off Balance Sheet Items 212
Consolidated Profit and Loss Account 213
Consolidated Statement of Changes in Equity 214
Consolidated Liquidity Statement 215
207-338 Consolidated Cash Flow Statement 216
Balance Sheet (Solo) 217
Off Balance Sheet Items (Solo) 218
Profit and Loss Account (Solo) 219
Statement of Changes in Equity (Solo) 220
Cash Flow Statement (Solo) 221
Liquidity Statement (Solo) 222
Notes to the Financial Statements 223-338
3
Letter of
Transmittal
To
All shareholders
Registrar of Joint Stock Companies & Firms
Securities and Exchange Commission
Bangladesh Bank, Dhaka.
Sub: Annual Report for the year ended on 31 December, 2017.
Dear Sir (s)
We are pleased to enclose herewith copy of the Annual Report 2017 which
contains the Audited Financial Statements of Agrani Bank Limited and its six
Subsidiaries i.e. Agrani Equity & Investment Limited, Agrani SME Financing
Company Limited, Agrani Exchange House Private Limited, Singapore, Agrani
Remittance House Sdn. Bhd., Malaysia, Agrani Remittance House Canada Inc.
and Agrani Exchange Company (Australia) Pty. Limited for your kind information
and record.
Yours sincerely
Mohammad Shams-Ul Islam

Managing Director & CEO

Notice of the 11th
Annual General Meeting
Notice is hereby given to all Shareholders of Agrani Bank Limited that the 11th
Annual General Meeting of the Company will be held on 26 May 2018 at 1.30 pm
at Board Room of Agrani Bank Limited, Head Office, Dhaka to transact the
following business and adopt necessary resolutions:
Agenda
1) To inform the minutes of the 10th Annual General Meeting held on 19
June 2017.
2) To receive, consider and adopt the Audited Financial Statements of
the Bank for the year ended on 31 December, 2017 together with the
Auditors’ Report and the Report of the Directors’ thereon.
3) To elect /re-elect Directors.
4) To appoint Auditors for 2018 and to fix their remuneration.
5) To transact any other related business with the permission of the
Chair.
Dated : May 26, 2018 By Order of the Board of Directors
Khandaker Sajedul Haque

Company Secretary
5
About
Agrani
Bank
Limited

What We Do
ABL provides its corporate,

SME and retail clients with a wide range
of services such as extensive deposit and loan
options that include Islami banking, foreign currency
and pension schemes. Our offering includes personal
financial services, business banking, commercial and
corporate banking, transaction banking, corporate finance,
capital market activities, treasury services and clearing services.
Through our subsidiaries, we also provide asset management, venture
capital management, SME Finance and Foreign Remittance services.
7
Where We Operate 943 branches and
Rajshahi
Branch -143
64 offices all over Bangladesh
Office -9 Rangpur
Branch -65
Office -6
Mymensingh
Branch -87
Office -7
Sylhet
Branch -59
Office -4
Dhaka
Branch -200
Office -15
Barisal
Khulna
Branch -60
Branch -137
Office -5
Office -8
Our Subsidiaries Chittagong

4 Subsidiaries in Singapore, Malayasia, Canada and Australia Branch -192
2 Subsidiaries in Bangladesh Office -10
9
Business Code
Agrani Bank Limited is committed to conducting its business ethically and honestly and
applying appropriate protection standards while dealing with its customers.
Honesty and Fairness

Honesty refers to truthfulness, integrity, and trustworthiness; fairness is the quality of
being just, equitable, and impartial. Honesty and fairness relate to the general moral
attributes of decision makers. At a minimum, businesspeople are expected to follow all
applicable laws and regulations. In addition, they should not knowingly harm customers,
clients, employees, or even other competitors through deception, misrepresentation, or
coercion. Although businesspeople often act in their own economic self-interest, ethical
business relations should be grounded on fairness and justice rowers.
Human Significance
Agrani Bank supports the international human rights as outlined by the UN declaration
and convention. No one in the Bank shall in any way cause or contribute to the violation
or circumvention of human privileges.
Human Capital
Agrani Bank is devoted to human capital initiative connecting with milestone training,
performance coaching & development, key talent management, balancing of work/ life
choice and human capital reviews.
Health, Safety and Working Environment

Agrani Bank is committed to establish effective arrangement to identify and eliminate or
control all work related hazards and risks and promote health at work and continuous
improvement of health, safety and working environment.
Secrecy
Clear, honest and open communication is maintained in Agrani Bank to ensure full
accountability but subject to business confidentiality. The use of company confidential
information before it is made public for personal gain is strictly prohibited and may
constitute a criminal offense. Maintain privacy and secrecy of customer’s information;
but at the same time it complies with ‘The Right to Information Act-2009’.
Protection of Personal Data

Agrani Bank’s processing of personal data shall be subject to care and awareness, which
is required according to laws and regulation and relevant for information that might be
sensitive, regardless of the data refer to customers, employees or others.

Fraud, Theft or Illegal Activities
Employees shall be alert and vigilant with respect to frauds, thefts or illegal activity
committed within the office. If any such activity comes to the attention of an employee,
the employee must immediately report the same to the Manager, Area Manager,
Executive-in-Charge/GM/ GH and to the Audit Division, who will arrange for appropriate
follow-up action to be taken. Failure to report any such activity will be subject to
disciplinary action.
Intellectual Property
Intellectual property such as know-how, methodology, concepts and ideas are important
to Agrani Bank’s successes in the market. Unless otherwise specified by law or orders
from other public authorities, no employee shall make corporate secret or other
information available to unauthorized persons.
Nature and the Environment

Agrani Bank is very much aware regarding environmental protection, by minimizing
environmental damages and by developing, promoting and utilizing environment
friendly technology.
Accounting
Agrani Bank has the highest regard for truth, completeness and accuracy in the recording
of business transactions in full compliance with applicable Bangladesh laws & regulation,
financial reporting standards, good accounting practices as well as maintaining valid
authorization and ensuring complete documentation. The annual accounts and interim
accounts shall be in accordance with the law, BFRS and good accounting practices. ABL
maintains accuracy and transparency in financial reporting.
Contest
Agrani Bank is committed to staying over and above the prevailing market competition
through constant innovation of technology based products and efficiency enhancement;
being responsive to the requirements of our customers and partners. Corruption and
Bribery Agrani Bank is firmly opposed to all forms of corruption. Bribery is fundamentally
inconsistent with the Bank’s values; any direct and indirect promise of payment to gain
any perceived personal advantage is totally unacceptable.
Money Laundering
Bank has set its priority not to become implicated, in any way, with individuals or firms
involved in criminal activities and money laundering and employees are expected to
exercise maximum caution in this regard. Agrani Bank is firmly opposed to all forms of
money laundering and shall take steps to prevent its financial transactions from being
used by others to launder money.
11
Code of Conduct
Transparency and Disclosure: The Bank shall deal with customers in a continuously fair,
equitable and professional manner.
Suitability: The Bank shall gather sufficient information from the customer to ensure that the
product or service meets his financial situation and needs.
Awareness and Education: The Bank shall provide customers with (i) a list of their rights and
responsibilities containing clear information on customer’s protection, (ii) Key Fact Statement
containing ample key information on the conditions, benefits and risks of products or services, as
well as a detailed list of the fees and charges collected by the Bank .
Confidentiality (Secrecy and Data Protection): The Bank shall protect the customers’
personal and financial information in compliance with Banking Secrecy Law and without prejudice
to Anti-Money Laundering and Counter Financing law.
Complaints Handling: An efficient mechanism is developed enabling customers to submit their

claims and guaranteeing the fair and timely follow-up and outcome thereof.
Ensuring the Integrity of Records: Internal accounting information and customer records
must be accurate and maintained with reliability and integrity. Transactions must be reflected in an
accurate and timely manner.
Providing Candor in Dealing with Auditors, Examiners, and Legal Counsel: All
employees should be required to respond honestly and candidly when dealing with internal
auditors, independent auditors and regulators.
Avoiding Self-Dealings and Acceptance of Gifts or Favors: All employees are prohibited
from seeking or accepting anything of value (including services, discounts or entertainment) from
clients, suppliers or anyone else in return for any business (mainly granting loans), service or
restricted information of the Bank
Observing Applicable Laws: All employees must be aware of all applicable laws and
regulations.
Involving Internal Auditor in Monitoring Corporate Code of Conduct or Ethics Policy:

ABL has a set of audit program to monitor the operation of internal controls against self-dealing,
conflict of interests and other violations of the Code of Conduct, identify weaknesses, and ensure
corrective action is taken.

Strategic
Objectives
13
4 7
AAA ST-1
A- ST-3
335
Agrani Exchange Company (Australia) Pty. Limited

Treasury Division
ID
Foreign Remittance & Card Division

GM
IT & FCMD
DMD-1
HRPDOD
GM
Foreign Ex. Corp. Branch

Admin.
Agrani Bank Training Institute

GM
ABTI
Principal Branch
GM
5 Zones
WASA Corp. Branch
Green Road Corp. Branch
GM
Dhaka Sheraton Hotel Corp.Branch

DC-1
Tejgaon Ind. Area Corp.Branch

Banani Corp. Branch
Gulshan Corp. Branch
73 Branches
Islami Banking Unit
9 Zones
GM
Circle
Saheb Bazar Corp.Branch

Rajshahi
142 Branches
Special Study Cell
Treasury Division
Vigilance Division
CAMLCO
BSUCD
GM
Risk Management Committee
Circle
5 Zones
Rangpur
Public Relations Division
65 Branches
Sustainable Finance Division
Industrial Credit Division

GM
Rural Credit Division

Credit
SME Credit Division

Company Affairs & Board Division
In Bangladesh
Agrani Equity & Investment Limited

CPCRMD
GM
Amin Court Corp. Branch

CPCRMD
Agrani SME Financing Company Limited

IT & MIS Division
Reconciliation Division
IT
GM
HRDGAD
5 Zones
B. WAPDA Corp. Branch
Sadarghat Corp. Branch
GM
Nawabpur Road Corp. Branch

DC-2
Moulavibazar Corp. Branch

DMD-2
Bangabandhu Road Corp. Branch

MD & CEO
69 Branches
Board of Directors
3 Zones
Laldighirpar Corp. Branch
GM
58 Branches
6 Zones
GM
87 Branches
Circle Circle
Sylhet Mymensingh
Recovery & NPA Management Div.

Law Div., PCMD
Est. & Eng. Division
GM
Proc. & Common Services Div.

Recovery
Bangabandhu Ave. Corp. Br.
Six Subsidiary Companies of Agrani Bank Limited

CAD
5 Zones
In Overseas
Executive Committee
Purana Paltan Corp. Branch

Ramna Corp. Branch
Agrani Remittance House Canada Inc., Canada

Laldighi East Corp. Branch
Corporate Organogram of Agrani Bank Limited
Agrabad JB Corp. Branch
GM
Ctg.
Circle
Commercial Area Corp. Branch
Asadgonj Corporate Branch
EPZ Corporate Branch
New Market Corporate Branch
Agrani Remittance House Sdn. Bhd., Malaysia (6 branches)

Strand Road Corporate Branch
Agrani Exchange Company (Australia) Pty. Limited, Australia

DMD-3
72 Branches
Agrani Exchange House Private Limited, Singapore (4 branches)

7 Zones
GM
113 Branches
Circle
Comilla
Audit & Inspection Division 1
Audit Committee
ICC
GM
Audit Monitoring Division
Audit Compliance (Internal) Div.
Audit Compliance (External) Div.
Risk Management Division
GM
RMD
9 Zones
Sir Iqbal Road Corp. Branch
GM
Circle
Clay Road Corp. Branch
Khulna
135 Branches
5 Zones
GM
60 Branches
Circle
Barisal
DMD-4
3 Zones
GM
Circle
42 Branches
Faridpur
Origin and Growth of Agrani
Chairmen of the Board: 1972 to 2017
Agrani Bank : As Nationalized Commercial Bank
SL. Name From To
01 M. Fazlur Rahman 02-01-1972 31-03-1981
02 Abdur Rahman Biswas 01-04-1981 04-05-1982
03 Prof. M. Safiullah 05-05-1982 04-05-1985
04 M. Matiur Rahman 05-05-1985 16-04-1986
05 Mir Ataul Haque Khandker 17-04-1986 21-01-1987
06 Imamuddin Ahmad Chaudhury 22-01-1987 14-12-1990
07 Mohd. Faizullah 15-12-1990 05-10-1991
08 L.K. Siddiqi 06-10-1991 22-09-1993
09 M. Hafizuddin Khan(Acting) 23-09-1993 03-01-1994
10 Dr. Fashiuddin Mahtab 04-01-1994 31-01-1996
11 Atauddin Khan 01-02-1996 18-07-1996
12 H. T. Imam 11-08-1996 10-08-1998
13 Md. Matiur Rahman 13-08-1998 21-06-2000
14 Abdul Hannan 22-06-2000 25-03-2001
15 Dr. Sohrabuddin 28-03-2001 12-11-2001
16 M. Ahsanul Haque 14-11-2001 12-11-2003
17 Sayed Mushtak (Acting) 19-11-2003 13-01-2004
18 Md. Fazlur Rahman 14-01-2004 26-11-2006
19 S. M. Jahurul Islam 19-12-2006 02-04-2007
20 Siddiqur Rahman Choudhury 23-04-2007 30-06-2007
Agrani Bank Limited : As State Owned Commercial Bank
SL. Name From To
01 Siddiqur Rahman Choudhury 01-07-2007 16-09-2009
02 Dr. Khondoker Bazlul Haque 17-09-2009 09-09-2014
03 Arastoo Khan (Acting) 21-09-2014 18-11-2014
04 Dr. Zaid Bakht 19 -11-2014 Continued

Origin and Growth of Agrani
Managing Directors : 1972 to 2017
Agrani Bank : As Nationalized Commercial Bank
SL. Name From To
01 M. Fazlur Rahman 26-03-1972 14-07-1982
02 Lutfar Rahman Sarkar 15-07-1982 31-08-1983
03 Humyun Hamid (Acting) 01-09-1983 13-10-1983
04 Mohammad Hossain 14-10-1983 11-04-1987
05 Humayun Hamid 11-04-1987 04-03-1991
06 Gulam Mohammad (Current Charge) 04-03-1991 09-09-1991
07 Quazi Baharul Islam 09-09-1991 30-07-1992
08 Mustafa Aminur Rashid 30-07-1992 30-09-1995
09 Foyezuddin Ahmed 30-09-1995 04-02-1996
10 A. Q. Siddiqui 04-02-1996 03-08-1996
11 Khondoker Ibrahim Khaled 03-08-1996 18-02-1997
12 Mosharraf Hossain 12-03-1997 28-04-1999
13 A. K. M. Nazmul Haq 31-05-1999 25-07-1999
14 M. Enamul Haq Chowdhury 01-08-1999 06-01-2000
15 M. A. Yousoof 06-01-2000 10-07-2001
16 A. S. M. Imdadul Haque 10-07-2001 05-09-2004
17 A. K. M. Asaduzzaman (Current Charge) 06-09-2004 01-10-2004
18 Syed Abu Naser Bakhtear Ahmed 02-10-2004 30-06-2007
Agrani Bank Limited : As State Owned Commercial Bank
SL. Name From To

02 Dr. Syed Abdul Hamid, FCA (Acting) 01-10-2007 14-04-2008
04 Dr. Syed Abdul Hamid, FCA 13-04-2010 29-06-2016
05 Mohammad Shams-Ul Islam 16-08-2016 Continued
17
ICMAB ICAB Award 2009
Corporate for best published
performance Accounts and
Award 2009 Reports
19
Re-appointed as Chairman : 29 November 2017

Ms. Mahmuda Begum joined the Nordic Countries, WFP, and IFAD. Health, Education, Power, Physical
Bangladesh Civil Service in 1986. She Since December 1997 she has been Infrastructure and Financial sector’s
worked as Assistant Commissioner serving in the Economic Relations programs. This professional
and Magistrate in different districts Division (ERD). She has also experience paved the way for her to
of Bangladesh. Her work experience experience in dealing with aid closely work with all Development
covers Field Administration, Criminal effectiveness issues including Partners providing external loans
Justices, Local Government coordination of Local Consultative and grants in Bangladesh as well as
Institutions, Land Administration Groups (LCGs) for harmonization of all Ministries using foreign aid in
and Secretariat. As a civil servant she donor activities to make aid more Bangladesh which contributed to
underwent different professional effective. harnessing her expertise and
trainings in various institutions of excellent networking capabilities.
home and aboard. She extensively As a Debt Policy Management She also has a good track record of
visited the following countries for Specialist, she played instrumental conducting effective policy
training, workshop, exposure visit role in strengthening of public debt dialogues.
and higher studies: Australia, USA, management system in Bangladesh
UK, Germany, Switzerland, France, She is an Alternate Governor of
through installation and
Russia, Italy, Ireland, Japan, China, Multilateral Investment Guarantee
implementation of UNCTAD Debt
North Korea, India, Nepal, Agency (MIGA), WB-Group and was
Management Financial Analysis an Alternate Governor of Islamic
Philippines, Singapore, Hong Kong, System (DMFAS). Moreover, she has
Malaysia, Indonesia, Qatar, Jordan, Development Bank (IDB). She is a
vast experience of conducting Debt Director of Infrastructure Investment
Lebanon, KSA, Thailand etc. Sustainability Analysis (DSA) and Facilitation Company (IIFC) and
Ms. Mahmuda’s current position is preparing a number of policy Governing Body Member of Social
Additional Secretary, (World Bank) in documents and concept notes Development Foundation (SDF).
Economic Relations Division (ERD), including Medium Term Debt
Ministry of Finance where she is Management Strategy (MTDS), Public Education
entrusted with the responsibility of Debt Act, Debt Statistical Bulletin, Ms. Mahmuda did her Masters in
aid and project programming with Institutional Reforms and Zoology from Dhaka University.
World Bank Group. Management of Contingent Later, she pursued another Masters
Liabilities. in Rural Management Studies from
Before taking the current
assignment, she performed University of Sydney, Australia in
During her long career in the civil
responsibilities for aid programming 1997.
service she has acquired extensive
of European Development Partners experience in the development,
(such as DFID, EU, KFW, Germany, design and implementation of
Netherlands, Russia, EIB, AFD); foreign aided projects including
Middle East & Africa including IDB,
21
Entrepreneur, News Caster, Women
She has participated in numerous
Development Activist and Writer
seminars, trainings and workshops
Ms. Sangita Ahmed has been working related to her work, at home and
in the development sector for the past abroad. Sangita has also been working
fifteen years. She is one of the founder in the media sector since 1996. At
board members of Bangladesh Women present, she is a consultant at ‘Green
Chamber of Commerce & Industry Bee Communications’ and has
BWCCI, the first women’s Chamber of produced, narrated and scripted
Commerce in Bangladesh established awareness raising documentaries and
in 2001. television programs on women
entrepreneurs, foreign remittances,
She is serving as the Senior Vice labour market, child labour,
President of BWCCI. Together with the trafficking, literacy, maternal health
BWCCI team, Sangita helps in and mortality, violence against
providing services to 2500 women- women, education, health and
owned enterprises in the form of hygiene, sanitation, child rights,
trainings, workshops, seminars and workers’ health, CSR and compliance
research on product development, in the RMG sector. Sangita is at present
market assessment and access, the Director of Agrani Bank Ltd.
entrepreneurship, campaigns for
removing social barriers, easy access Ms. Sangita Ahmed was Director of
to finance for women, advocacy for Janata Bank Ltd from 2012 to 2015
policy reforms, fight against
She is a free-lance writer. Many of her
corruption and upholding democracy
articles and poems have been
and rights, thus helping Bangladeshi
published in The Daily Star newspaper
women have a voice in economic and
and various magazines.
public life. She is the Vice President of
Bangladesh Mohila Samity. Education
She is the founder and Managing She completed her A’ levels from the
Partner of ‘Time Out’ restaurant since UK in English Literature and Classical
November 2000.Sangita is an English Civilization and obtained her Bachelor
newscaster at Bangladesh Television. and Masters Degree in English
She has been reading the English Literature from the National University,
Prime Time news since 1998 on BTV. Bangladesh.

23
25
27
Appointed as Managing Director
& CEO : 24 August 2016
Training Managing Director of Ansar-VDP

Unnayan Bank by the Government. He
Throughout the career, he attended a
navigated the Bank with skill and
number of seminars, workshops and
experience and became successful by
training at home and abroad conducted
bringing positive changes and
by world famous& prestigious
remarkable progress in the Bank.
institutions. He completed multifaceted
Government, being satisfied with his
trainings in the country covering almost
performance, appointed him as
all aspects of banking industry. Besides,
Managing Director of Agrani Bank
he received overseas training on
Limited. It is a historic in the sense that
International Trade &Operational Risk
Mohammad Shams-Ul Islam Management, Retail Banking, Foreign
he is the first Agranian to be appointed
Managing Director & CEO as MD & CEO in Agrani Bank
Currency Management and Challenges
Limited.Immediate after joining in
for Treasury Management under BASEL
Agrani Bank Limited, to march the
and Anti Money Laundering and Counter
Mr. Mohammad Shams-Ul Islam was bank to a commendable height, he
Terrorism Financing etc. held in
appointed Managing Director and CEO of Singapore, Hong Kong,Nepal, and prepared a 100 days Roadmap for
Agrani Bank Limited on 24 August amelioration of the condition of the
Thailand. He attended “The Global Banks
2016.As a prudent banker he has 34 years Conference-2018” in Miami, Florida on bank. He brings a newera in Agrani
of banking experience. Before that he Bank Limited by his exceptional
April 25, 2018
was the Managing Director of Ansar-VDP experience in banking. Till now, he is
Unnayan Bank. He worked in Agrani Career as a Banker steering and guiding the Bank to the
Exchange House Private Limited, right direction. He is always famous for
He was appointed as Senior Officer his pioneering role introducing
Singapore,a flagship remittance (Financial Analyst) in Agrani Bank
company fully owned by Agrani Bank innovative products for Banks.
Limited in 1984. After his appointment,
Limited,which played a pivotal role in he worked in different branches under Accolades
earning Foreign Currencies from Chittagong Circle&Agrani Bank Limited
Singapore to Bangladesh.As the MD & w Appreciation letter from the then
got License of OBU for his direct
CEO of Agrani Bank Limited he is the Managing Director & CEO of Agrani Bank
initiatives being the Manager of EPZ
Chairman of Agrani SME Financing Limited on 08/07/2010 for successfully
Branch, Chittagong. After being
Company Limited; the Director of Agrani promoted to Assistant General leading International Division &
Equity and Investment Limited; Director Manager in 1999, he was posted in achievement of approximately double
of ICB; Director of Delta Life Insurance income over the target set by the
Chittagong GM Office. In 2002, he was
Company Ltd.Agrani Exchange House Management for Treasury Division in
appointed as CEO&Director of Agrani
Pte. Ltd, Singapore; Agrani Remittance 2009.
Exchange House Private Limited,
House Sdn,Bhd, Malaysia and Agrani Singapore. He performed his duty with w Appreciation letters from the then
Remittance House, Canada Inc. utmost sincerity & skill and became Board of Directors of Agrani Exchange
respectively. He is also a Member of the able to come to good book of the then House Pvt. Ltd. along with 08
Governing Board of Bangladesh Institute Authority. He played a pivotal and appreciations letters & several crest from
of Bank Management (BIBM).Member of commendable role to put Agrani Bank Agrani Bank Limited time to time for
the Council of IBB and Executive Limited in The first place in foreign achieving target of Agrani Exchange
Committee of Bangladesh Foreign remittance receiving bank among all House Pvt. Ltd., Singapore during 2002 to
Exchange Dealers Association (BAFEDA). the State-Owned Commercial Bank 2009 and outstanding contribution for
He was awarded as “The Best Banker” of (SCBs). In 2008, he was promoted to sending foreign remittance to
8th International Gold Medal Award-2018 General Manager. His responsibility Bangladesh through banking channel.
by Dr. M.A. Wazed Miah Memorial was to oversee important Divisions,
Foundation. w Appreciation letters from the then
Circles and Corporate Branches. He got
Managing Director & CEO of Agrani Bank
Education promotion as Deputy Managing
Limited on 11/08/1998 for recovery of
Director of Agrani Bank Ltd. in 2011.
Mr. Mohammad Shams-Ul Islam classified loan which have been
During his tenure of Deputy Managing
obtained his B.Com (Hon’s) and M.Com defaulted before the Liberation War.
Director, he became Director of Agrani
in Accounting from University of Dhaka in Exchange House Pte.Ltd., Singapore w Received 04 Appreciation letters &
1980 and 1981 respectively. Born in and Agrani Remittance House Sdn. cash incentive at several times from
Sirajgonj, he completed HSC from Notre Bhd., Malaysia. For his extraordinary Agrani Bank Limited for success in
Dame College in 1976&SSC from banking experience and exceptional mobilization of deposit & recovery of bad
BinduBasini Govt. High School,Tangail in banking skill, he was appointed as loan.
1974.
29
Shareholders’ Information
Distribution of Shares
Particulars
31 December 2017 31 December 2016
Government of Bangladesh 20,72,29,395 20,72,29,392
Directors 9 12
General Public _ _
Total 20,72,29,404 20,72,29,404
Shares held by Directors

Closing
Sl. No. Particulars Status Share Change
Position
1 Dr. Zaid Bakht Chairman 1 1 0%
2 Ms. Mahmuda Begum Director 1 1 0%
3 Sangita Ahmed Director 1 1 0%
4 Shameem Ahsan Director 1 1 0%
5 Hasina Newaaz Director 1 1 0%
6 Professor Dr. Nitai Chandra Nag Director 1 1 0%
7 M. Ashiqul Hoque Chawdhury Director 1 1 0%
8 Kashem Humayun Director 1 1 0%
9 MD. Ansar Ali Khan Director 1 1 0%
Total 9 9
Dividend Distribution
i) 100 Percent stock dividend i.e. 1 bonus share for every 1 share for the year 2008.
ii) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2009.
iii) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2010.
iv) 10 Percent stock dividend i.e. 1 bonus share for every 10 shares for the year 2011.

Committees of the Board
Chairman : Dr. Zaid Bakht

Executive Member : Hasina Newaaz
Committee Shameem Ahsan
Kashem Humayun
Chairman : M. Ashiqul Hoque Chawdhury

Member

: Mahmuda Begum
Sangita Ahmed
Audit
Md. Ansar Ali Khan Committee
Professor Dr. Nitai Chandra Nag
Chairman : Kashem Humayun

Risk Management Member : M. Ashiqul Hoque Chawdhury
Committee

Hasina Newaaz
Md. Ansar Ali Khan
31
Management Team
Managing Director & CEO Mohammad Shams-Ul Islam
Md. Rafiqul Alam (MD to RAKUB 31-12-2017)

Md. Moshiur Ali (PRL on 20-12-2017)
Md. Ali Hossain Prodhania (MD to BKB on 14-2-2018)
Md. Rafiqul Islam (PRL on 10-2-2018)
Deputy Managing Directors Md. Yusuf Ali (Joined on 07-03-2018)
A.K.M. Sajedur Rahman Khan (Transferred to SBL on 28-02-2018)
Md. Khairul Kabir (Joined on 01-03-2018)
Md. Abnus Jahan (Joined on 30-04-2018)
S.M. Nurul Ahsan (Promoted on 30-04-2018)
Babul Kumer Saha Roy

Md. Anisur Rahman
Md. Monowar Hossain
Md. Nazrul Islam
Md. Wali Ullah (CFO)
Md. Golam Kabir
Sukanti Bikash Sanyal
Shirin Akhter
Shekhar Chandra Biswas
Md. Nurul Islam
Md. Liakat Ali
General Managers Md. Akram Hossain
Md. Khurshed Alam
Md. Ohiduzzaman
Mr. Mahmudul Amin Masud
Md. Abdus Salam Mollah
Mr. A. M. Abid Hossain
Md. Anwarul Islam
Md. Shafiqur Rahman Sadik
Md. Golam Mostafa
Jahar Lal Roy (Promoted on 17-4-2018)
Abul Basar Serneabad (Promoted on 17-4-2018)
Zakia Begum (Promoted on 30-4-2018)

Management Team
Md. Moshiur Ali Md. Rafiqul Islam

Deputy Managing Director Deputy Managing Director
(MD to RAKUB on 31-12-2017) (MD to BKB on 14-02-2018 )
(PRL on 20-12-2017) (PRL on 10-02-2018)
Md. Khairul Kabir

Deputy Managing Director
(Joined on 07-03-2018) (Transferred to SBL on 28-02-2018) (Joined on 01-03-2018) (Joined on 30-04-2018) (Promoted on 30-04-2018)
33
General Managers
Md. Monowar Hossain Babul Kumer Saha Roy Md. Anisur Rahman Md. Nazrul Islam Md. Wali Ullah
Md. Golam Kabir Sukanti Bikash Sanyal Shirin Akhter Shekhar Chandra Biswas Md. Nurul Islam
Md. Liakat Ali Md. Akram Hossain Md. Khurshed Alam Md. Ohiduzzaman Mahmudul Amin Masud
Md. Abdus Salam Mollah A. M. Abid Hossain Md. Anwarul Islam Md. Shafiqur Rahman Sadik Md. Golam Mostafa
Jahar Lal Roy Abul Basar Serneabad Zakia Begum

Promoted on 17-4-2018 Promoted on 17-4-2018 Promoted on 30-4-2018

Deputy General Managers
as on 31-12-2017
01 Md. Nurul Amin 38 Shamim Uddin Ahmed 75 Md. Shoeb Ali

02 Md. Abul Hashem 39 Md. Tariqul Islam 76 Saleh Ahmed
03 Md. Faruqe Ahmed 40 Md. Abdul Alim 77 S.M. Faridul Alam
04 Mr. Md. Lutfor Rahman 41 Mirza Md. Shahadat Hossain 78 Md. Asheque Elahi
05 Mr. Jahir Uddin Khan 42 Hossain Iman Akand 79 Iqbal Hossain
06 Mr. S.M. Babul Islam 43 A.K.M. Shameem Reza 80 S.M. Monowar Hossain
07 Mr. Md. Akhtarul Alam 44 Md. Azizul Haque 81 Md. Rafique UD Daula
08 Mr. Mohammad Shawkat Ali 45 Suranjan Kumar Roy 82 Ahmed Yousuf Abbas
09 Md. Abdur Rahim 46 Md. Hifzur Rahman 83 Shirin Akhter
10 Md. Nazmul Hoque 47 Md. Nurul Islam 84 Sultana Mutahera Khanam
11 Md. Jahangir Mondol 48 Bahar-A-Alam 85 Md. Aminul Hoque
12 Mr. Tapash Sarker 49 Md. Abdur Razzak 86 Mrinal Kanti Bokshi
13 Mr. Ashok Kumar Shaha 50 Md. Ruhul Amin Chowdhury 87 Md.Atiqur Rahman Siddique
14 Mr. Jashim Uddin Ahmed 51 Md. Saifur Rahman 88 Md. Nurul Huda
15 Md. Monirul Islam 52 Diptimoy Biswas 89 Mohammad. Fazlul Karim
16 Md. Ruhul Amin 53 Dewan Md. Sadeque 90 Md. Wahidul Islam
17 Mr. Ajoy Kumer Podder 54 Khandaker Jawadul Haque 91 Md. Nesar Uddin Ahmed
18 Md. Mozammel Hossain 55 A.T.M. Mansur Uddin Ahmed 92 Mohammad Yousuf Khan
19 Mrs. Ismat Parveen 56 Rubana Pervin 93 Md. Hedayet Hossain Sheikh
20 Mohammad Samiul Alam 57 Shahinoor Begum 94 Susmita Mandal
21 Mr. Kazi Shafiqul Islam 58 A.K.M. Fazlul Haque 95 Sk. Farid Ahmed
22 Samir Ranjan Chakrabarty 59 Md. Abu Hasan Talukder 96 Md. Shahidul Islam
23 Md. Abdul Aziz Dewan 60 Md. Mazharul Islam 97 S.M. Mostofa-E- Kader
24 Md. Iqbal Karim 61 Md. Siddiqur Rahman 98 Md. Solaiman Mollah
25 Md. Rezwanul Hoque 62 Abdul Aziz 99 Md. Jamir Hossain Gazi
26 Muhammad Ullah 63 Md. Saiful Islam 100 Md. Shahab Uddin
27 Md. Mahfuzur Rahman Miah 64 Md. Shamsul Alam 101 Md. Abul Kashem
28 Md. Taufiqul Islam 65 Md. Aminul Haque 102 Md. Moshiur Rahman
29 Ranjit Banik 66 Md. Ashraf Ali 103 Md. Abdul Quddus
30 Md. Fazle Khoda 67 Md. Abdus Samad Patwary 104 Gita Majumder
31 Md. Abdullah Al Mamun 68 Mrs. Ratna Rani Mazumder 105 Md.Afzal Hossain
32 Shyamal Ch. Sarker 69 Md. Shahidul Islam 106 Khan Md. Abdul Wahab
33 Md. Golam Kibria 70 Md. Azizul Haque 107 Ashis Kumar Muhury
34 Md. Kamal Uddin 71 Md. Sajed-ul-karim 108 Md. Sharful Alam
35 Jahanara Begum 72 Md. Aminul Islam Gazi 109 Md. Khurshed Alam
36 Md. Shamsul Haque 73 Md. Abul Bashar 110 Shafia Akhter
37 Enamul Mowla 74 Suresh Chandra Das 111 Md. Ashraf-Ul-Islam
35
PHOTO GALLERY
..... every picture tells a story
Photographic
view of
some events
Hon’ble Prime Minister received a cheque for PM’s Relief Fund.

Heartfelt greetings to Hon’ble President.
Birthday wishes to the Hon’ble Finance Minister Mr. Abul Maal Abdul Managing Director and CEO received ICMAB best corporate award
Muhith, MP. form Hon’ble Finance Minister.
A photo session with Shahriar Alam, the Hon’ble State Minister for A cordial moment with Hon’ble Prime Minister's ICT Advisor Mr.
Foreign Afficiars. Sajeeb Wazed Joy.
10th Annual General Meeting of ABL held on 19 June, 2017 at Bangabandhu International Conference Center .
Received ICMAB best Corporate Award 2017 Handed over a key of a Patrol Van to DMP commissioner by
the Chairman ,ABL
Agreement Signing between ABL and bkash. Inaugurated the basement casting work of 2nd
Building of ABL .
A courtesy meeting with Mr. Khandaker Ibrahim Khaled, Signing of Annual Performance Agreement(APA) between
Former Deputy Governor of Bangladesh and former Financial Institutions Division of the Finance Ministry and
Managing Director of Agrani Bank. ABL.
Agreement signing Between ABL and PRAN-RFL Agrani Bank Limited 4th Bangladesh Cup Taekwon-Do
competition held at Shaheed Suhrawardy Indoor Stadium at
Mirpur.
Agreement signing ceremony between ABL and BTCL. Received ‘Remittance Award 2017’ from Center for Non
Resident Bangladeshi.
In the event of ‘Agrani Bank-Shishu Academy Shishu Sahitya Puraskar’ award giving ceremony.
Hon’ble Minster for Disaster and Relief Management Mr. ABL’s Equity participation in Farmers Bank Limited.
Mofazzal Hossain Chowdhury (Maya), MP inaugurated
Nischintapur Branch at Chandpur.
A photo session of Annual Conference-2018 at Hotel Le Meridien, Dhaka

Hon’ble Finance Minister inaugurated Annual Conference Tribute to language martyr at Central Shaheed Minar, Dhaka.
2018 by slicing a celebratory cake.
An auspicious moment of Annual conference 2018 of ABL.
Respect to all Brave Hearts who laid down their soul in the Inaugural Ceremony of Annual Sports -2018 .
Liberation War of 1971.
41
Five Years
Performance
Crore Taka unless otherwise specified
Particulars 2017 2016 2015 2014 2013
Balance Sheet Matrix
Authorized Capital 2,500 2,500 2,500 2,500 2,500
Paid-up Capital 2,072 2,072 2,072 2,072 2,072
Reserve Fund 1,938 1,744 1,747 1,693 1,659
Total Shareholders’ Equity 4,073 3,658 4,468 3,957 3,564
Deposits 53,035 49,405 43,998 38,392 34,868
Loans and Advances 31,912 26,587 24,480 23,509 20,297
Investments 17,088 22,754 20,570 15,228 14,993
Fixed Assets 1,556 1,578 1,595 1,545 1,525
Total Assets 67,392 62,357 56,535 49,487 44,416
Total Off Balance Sheet Items 12,334 8,390 9,007 8,398 11,382
Interest Earning Assets 39,708 29,115 26,265 25,031 21,185
Non-interest Earning Assets 27,684 33,242 30,270 24,456 23,231
Income Statement Matrix
Interest income 2,253 2,145 2,364 2,339 2,395
Interest Expenses 1,818 2,062 2,294 2,221 2,268
Investment income 1,469 1,561 1,495 1,301 1,114
Non-interest income 449 436 428 530 605
Non-interest Expenses 1,540 1,525 1,114 876 781
Total Income 4,171 4,142 4,286 4,170 4,113
Total Expenditure 3,358 3,587 3,408 3,096 3,049
Operating Profit 813 555 878 1,074 1,064
Profit Before Tax 968 (751) (60) 170 689
Net Profit After Tax 676 (697) 65 199 905
Capital Measures
Risk Weighted Assets 33,679 26,700 26,469 25,326 21,370
Going concern capital (Tier-1) 2,066 1,692 1,747 1,552 1,212
Gone concern capital (Tier-2) 1,382 985 777 1,092 933
Total Capital 3,448 2,677 2,524 2,644 2,145
Capital Surplus/(Deficit) 80 7 (123) 112 8
Tier-I Capital Ratio 6.14% 6.34% 6.60% 6.13% 5.67%
Tier-II Capital Ratio 4.10% 3.69% 2.94% 4.31% 4.37%
Total Capital Adequacy Ratio Basel-II - - - 10.44% 10.04%
Capital to Risk Weighted Asset Ratio Basel-III 10.24% 10.03% 9.54% - -
Credit Quality
Classified Loans 5,570 6,804 4,640 3,966 3,580
Provision for Unclassified Loans 394 502 459 325 212
Provision for Classified Loans 2,750 3,057 2,245 1,930 1,687
Provision for Contingent Liabilities 123 84 90 84 114
Percentage of NPLs to total Loans and Advances 17.45% 25.59% 18.96% 16.96% 17.93%

Five Years
Performance
Particulars 2017 2016 2015 2014 2013
Foreign Exchange Bussiness

Import 13,267 10,153 10,917 15,741 15,947
Export 7,059 7,396 7,543 8,345 7,845
Remittance (Inward) 10,605 12,022 13,204 12,980 12,657
Operating Profit Ratios

Credit Deposit Ratio 60.17% 53.81% 55.64% 61.23% 58.21%
Cost of Deposit 3.48% 4.35% 5.47% 5.94% 6.82%
Cost of Deposit & Brorrowing 4.39% 4.99% 5.96% 7.30% 10.05%
Administrative Cost 3.55% 4.07% 3.54% 3.64% 3.59%
Yield on Loans and Advances 8.38% 10.02% 11.24% 12.17% 14.19%
Spread 4.62% 4.49% 4.70% 4.56% 4.70%
Return on Assets 1.00% -1.12% 0.12% 0.40% 2.04%
Return on Equity 16.59% -19.06% 1.46% 5.02% 25.39%
Current Ratio 1.10 1.08 1.17 1.19 2.21
Performance Ratios
Profit per Employee (Million) 0.64 0.44 0.66 0.80 0.76
Operating profit as % of Working Fund 1.43% 1.10% 1.82% 2.53% 2.78%
Ratio of Fees Income 14.43% 14.85% 16.35% 22.25% 27.87%
Salary Exp. to total Overhead Exp. 69.79% 66.05% 62.46% 70.44% 68.06%
Cost to income/Efficiency Ratio 80.51% 86.58% 79.52% 79.25% 74.15%
Shares Information Matrix

No. of Shares Outstanding (Million) 207.23 207.23 207.23 207.23 207.23
No. of Shareholders 9 9 12 11 12
Earnings per Share (Taka) 32.62 (33.63) 3.15 9.58 91.28
Net Asset Value per Share (Taka) 197 177 216 191 172
Other Information
Number of Branches 943 935 930 921 899
Number of Islamic Windows 5 5 5 5 5
Number of Subsidiary Companies 6 6 6 6 6
Number of Employees 12,798 12,672 13,396 13,414 14,005
Number of Foreign Correspondents 335 318 322 328 396
43
Five Years Performance
Graphical Presentation
Total Assets Deposits

53,035
(BDT in Crore) (BDT in Crore) 49,405
67,392 43,998
62,357 38,392
56,535 34,868
49,487
44,416
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Loans and Advances 31,912 Import

(BDT in Crore) (BDT in Crore)
26,587 15,947 15,741
24,480
23,509
13,267
20,297
10,917
10,153
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Export Remittance
8,345
12,980 13,204
12,657
12,022
7,845 10,605
7,543
7,396
7,059
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017

Profit after Tax Total Shareholder’s Equity

905 4,468
676 3,957 4,073
3,564 3,658
199
65
2013 2014 2015 2016 2017
-697 2013 2014 2015 2016 2017
Return on Assets (ROA) Profit per Employee

2.04% (BDT in Lac)
8.01
7.60
6.55 6.35
1.00%
4.38
0.40%
0.12%
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017

-1.12%
Return on Equity (ROE) Total Capital

3,448
25.39% (BDT in Crore)
2,677
16.59% 2,644
2,524
5.02% 2,145
1.46%
2013 2014 2015 2016 2017
-19.06% 2013 2014 2015 2016 2017
45
Number of Employee Net Interest Income 435

(BDT in Crore)
14,005
13,414 13,396
12,798
12,672 127 118
70 83
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Non Interest Income Non Interest Expenses

(BDT in Crore) (BDT in Crore) 1,525 1,540
604
530 1,114
427 436 449
876
781
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Number of Branches Earnings Per Share (EPS)

943 (BDT)
935 91.28
930
921
32.62
899
9.58
3.15
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017 -33.63

Net Asset Value per Share Capital to Risk Weighted

216 Asset Ratio (CRAR)
191 197 10.44%
172 177
10.24%
10.04% 10.03%
9.54%
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
NPL Ratio NPL (BDT in Crore)

25.59% 6,804
5,570
18.96% 4,640
17.93% 16.96% 17.45%
3,966
3,580
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
NPL Ratio Number of Foreign

18.96 25.59 Correspondents
17.93 16.96 17.45
396
31,912 335
26,587
328 322 318
23,509 24,480
20,297
6,804 5,570
3,580 3,966 4,640
2013 2014 2015 2016 2017

Total Loans & Advances NPL Ratio 2013 2014 2015 2016 2017
47
Horizontal Analysis
Balance Sheet
Particulars 2017 2016 2015 2014 2013
Property and Assets
Cash 147% 136% 129% 115% 100%
Cash in hand (including foreign currencies) 80% 81% 85% 89% 100%
Balance with Bangladesh Bank and its agent bank (including FC) 161% 149% 138% 121% 100%
Balance with Other Banks and Financial Institutions 641% 229% 172% 127% 100%
In Bangladesh 648% 229% 159% 115% 100%
Outside Bangladesh 548% 227% 346% 275% 100%
Money at Call and Short Notice 110% 36% 65% 205% 100%
Investments 114% 152% 137% 102% 100%
Government 114% 158% 141% 101% 100%
Others 116% 116% 114% 104% 100%
Loans and advances 157% 131% 121% 116% 100%
Loans, cash credit & overdraft etc. 160% 133% 121% 116% 100%
Bills discounted and purchased 50% 69% 88% 103% 100%
Fixed assets
102% 103% 105% 101% 100%
including land, building, furniture and fixtures
Other Assets 140% 142% 121% 118% 100%
Total Assets 152% 140% 127% 111% 100%
Liabilities and Capital
Liabilities
Borrowings from Other Banks, Financial Institutions and Agents 407% 130% 259% 261% 100%
Deposit and Other Accounts 152% 142% 126% 110% 100%
Current deposits & other accounts 348% 312% 122% 111% 100%
Bills payable 115% 131% 100% 104% 100%
Savings bank deposits 169% 150% 123% 110% 100%
Fixed deposits 114% 111% 129% 110% 100%
Other Liabilities 158% 157% 127% 111% 100%
Total Liabilities 155% 144% 127% 111% 100%
Capital/Shareholders' Equity
Total Shareholders' Equity 114% 103% 125% 111% 100%
Paid-up capital 100% 100% 100% 100% 100%
Statutory reserve 141% 106% 106% 106% 100%
General reserve 11941% 11540% 10730% 100% 100%
Asset revaluation reserve 99% 99% 100% 100% 100%
Revaluation & amortization reserve 289% 746% 968% 353% 100%
Retained surplus/(deficit) 46% 261% -42% 5% 100%
Total Liabilities and Shareholders' Equity 152% 140% 127% 111% 100%

Horizontal Analysis
Profit and Loss Account
2017 2016 2015 2014 2013
Operating Income
Interest and Revenue Income 94% 90% 99% 98% 100%
Interest Paid on Deposit,Borrowings etc. 80% 91% 101% 98% 100%
Net Interest Income 344% 65% 55% 94% 100%
Investment Income 132% 140% 134% 117% 100%
Commission,Exchange and Brokerage 66% 60% 63% 84% 100%
Other Operating Income 121% 140% 112% 106% 100%
Total Operating Income 128% 113% 108% 106% 100%

Salaries & Allowances 202% 189% 131% 116% 100%
Rent,Tax,Insurance,Light etc. 138% 163% 131% 117% 100%
Law charges 104% 144% 96% 83% 100%
Postage,Telegram & Stamp, telecommunication 242% 200% 144% 91% 100%
Stationery,Printing & Advertisement etc. 75% 94% 128% 114% 100%
Chief Executive's Salary and fees 101% 96% 102% 102% 100%
Directors fees & allowance 182% 116% 112% 97% 100%
Auditors fees 120% 152% 120% 120% 100%
Depreciation & Repairs of bank's assets 225% 157% 165% 122% 100%
Other expenditure 217% 312% 216% 81% 100%
Total Operating Expenses 197% 195% 143% 112% 100%
Profit/(Loss) before Amortization, Provision & Tax 76% 52% 82% 101% 100%
Amortization for valuation adjustment 100% 100% 100% 100% 100%
Profit/(Loss) before Provision & Tax 73% 45% 80% 101% 100%
Provision for Loans & Advance/Investments
Provision for loans and advances -5042% 8166% 5558% 4090% 100%
Provision for off balance sheet exposure 394% 0% 435% -2133% 100%
Provision for diminution in the value of Investment -67% 88% 106% 159% 100%
Provision for employees benefits 181% 143% 107% 100% 100%
Other provision 190% 265% 85% 249% 100%
Total Provision -119% 485% 333% 319% 100%
Total Profit before Tax 140% -109% -9% 25% 100%
Provision for Taxation
Current Tax 2683% 2323% 131% 126% 100%
Deffered Tax -11% 133% 64% 19% 100%
Net profit /(loss) after Tax 75% -77% 7% 22% 100%

49
Vertical Analysis
Balance Sheet
2017 2016 2015 2014 2013
Property and Assets
Cash 5.70% 5.74% 5.97% 6.10% 5.91%
Cash in hand (including foreign currencies) 0.56% 0.62% 0.72% 0.86% 1.07%
Balance with Bangladesh Bank and its agent bank (including FC) 5.14% 5.13% 5.25% 5.25% 4.84%
Balance with Other Banks and Financial Institutions 11.54% 4.45% 3.70% 3.11% 2.73%
In Bangladesh 10.85% 4.14% 3.18% 2.64% 2.54%
Outside Bangladesh 0.69% 0.31% 0.52% 0.47% 0.19%
Money at Call and Short Notice 0.40% 0.14% 0.28% 1.02% 0.55%
Investments 25.36% 36.49% 36.38% 30.77% 33.76%
Government 21.61% 32.47% 32.01% 26.20% 28.88%
Others 3.75% 4.02% 4.37% 4.57% 4.88%
Loans and advances 47.35% 42.64% 43.30% 47.50% 45.70%
Loans, cash credit & overdraft etc. 46.96% 42.05% 42.47% 46.40% 44.50%
Bills discounted and purchased 0.40% 0.59% 0.83% 1.10% 1.20%
Fixed assets
2.31% 2.53% 2.82% 3.12% 3.43%
including land, building, furniture and fixtures
Other Assets 7.33% 8.01% 7.54% 8.38% 7.92%
Total Assets 100.00% 100.00% 100.00% 100.00% 100.00%
Liabilities
Borrowings from Other Banks, Financial Institutions and Agents 2.06% 0.71% 1.56% 1.80% 0.77%
Deposit and Other Accounts 78.70% 79.23% 77.82% 77.58% 78.50%
Current deposits & other accounts 17.82% 17.28% 7.42% 7.74% 7.77%
Bills payable 0.83% 1.02% 0.86% 1.02% 1.09%
Savings bank deposits 23.90% 22.94% 20.72% 21.23% 21.44%
Fixed deposits 36.15% 37.99% 48.83% 47.58% 48.20%
Other Liabilities 13.20% 14.19% 12.71% 12.63% 12.71%
Total Liabilities 93.96% 94.13% 92.10% 92.00% 91.98%
Capital/Shareholders' Equity
Total Shareholders' Equity 6.04% 5.87% 7.90% 8.00% 8.02%
Paid-up capital 3.07% 3.32% 3.67% 4.19% 4.67%
Statutory reserve 1.16% 0.94% 1.04% 1.18% 1.24%
General reserve 0.09% 0.09% 0.09% 0.00% 0.00%
Asset revaluation reserve 1.63% 1.77% 1.96% 2.24% 2.49%
Revaluation & amortization reserve 0.25% 0.69% 0.98% 0.41% 0.13%
Retained surplus/(deficit) -0.15% -0.94% 0.17% -0.02% -0.51%
Total Liabilities and Shareholders' Equity 100.00% 100.00% 100.00% 100.00% 100.00%

Vertical Analysis
2017 2016 2015 2014 2013
Operating Income
Interest and Revenue Income 54.01% 51.78% 55.15% 56.09% 58.22%
Interest Paid on Deposit,Borrowings etc. 43.59% 49.79% 53.53% 53.25% 55.14%
Net Interest Income 10.42% 2.00% 1.62% 2.84% 3.08%
Investment Income 35.21% 37.70% 34.89% 31.20% 27.08%
Commission,Exchange and Brokerage 8.14% 7.46% 7.60% 10.40% 12.50%
Other Operating Income 2.63% 3.06% 2.37% 2.31% 2.20%
Total Operating Income 56.41% 50.21% 46.47% 46.75% 44.86%

Salaries & Allowances 25.75% 24.30% 16.22% 14.78% 12.91%
Rent,Tax,Insurance,Light etc. 2.15% 2.56% 1.99% 1.82% 1.58%
Law charges 0.06% 0.09% 0.06% 0.05% 0.06%
Postage,Telegram & Stamp, telecommunication 1.01% 0.84% 0.58% 0.38% 0.42%
Stationery,Printing & Advertisement etc. 0.40% 0.50% 0.65% 0.60% 0.53%
Chief Executive's Salary and fees 0.01% 0.01% 0.01% 0.01% 0.01%
Directors fees & allowance 0.01% 0.01% 0.01% 0.01% 0.01%
Auditors fees 0.01% 0.01% 0.01% 0.01% 0.01%
Depreciation & Repairs of bank's assets 3.17% 2.22% 2.26% 1.72% 1.43%
Other expenditure 4.34% 6.27% 4.20% 1.62% 2.02%
Total Operating Expenses 36.92% 36.81% 25.99% 21.00% 19.00%
Profit/(Loss) before Amortization, Provision & Tax 19.49% 13.40% 20.47% 25.75% 25.86%
Amortization for valuation adjustment 6.94% 6.66% 6.92% 7.26% 7.74%
Profit/(Loss) before Provision & Tax 16.30% 10.19% 17.37% 22.56% 22.63%
Provision for Loans & Advance/Investments
Provision for loans and advances -12.09% 19.72% 12.97% 9.81% 0.00%
Provision for off balance sheet exposure 0.95% 0.00% 0.14% -0.72% 0.03%
Provision for diminution in the value of Investment -1.71% 2.25% 2.62% 4.06% 2.58%
Provision for employees benefits 3.26% 2.58% 1.87% 1.80% 1.82%
Other provision 2.68% 3.78% 1.17% 3.52% 1.43%
Total Provision -6.91% 28.33% 18.77% 18.47% 5.88%
Total Profit before Tax 23.21% -18.13% -1.40% 4.09% 16.76%
Provision for Taxation
Current Tax 6.43% 5.61% 0.31% 0.30% 0.00%
Deffered Tax 0.57% -6.91% -3.23% -0.98% -5.24%
Net profit /(loss) after Tax 16.20% -16.83% 1.52% 4.76% 22.00%
51
Credit Rating
Alpha Credit Rating Limited (ACRL) has affirmed the rating of the Agrani Bank Limited
(ABL) on the basis of its financials up to December 31, 2016 and other qualitative and
quantitative information up to the date of rating. The rating assigned by them to the
bank is given below:
With Government Support
Long Term Short Term

Date of Rating Valid Till Rating Mode Outlook
Rating Rating
04 December, 03 December,
Government Support AAA ST-1 Stable
2017 2018
Stand Alone

Date of Rating Valid Till Rating Mode Outlook
Rating Rating
04 December, 03 December,
Without Government Support A- ST-3 Stable
2017 2018
Rating Standard
‘AAA’ Exceptionally Strong Capacity

‘ A-’ Strong Capacity
‘ST-1’ Superior Capacity

‘ST-3’ Adequate Capacity

Dr. Zaid Bakht, Chairman, Board of Directors
53
Chairman’s Statement
Dear Shareholders Bangladesh economy grew by 7.28 percent in FY 2017 mainly

supported by manufacturing and service sector activities. As
Assalamu Alaikum for inflation, after declining through FY2017, average inflation
rose to 5.7 percent in December 2017 from 5.5 percent in
It’s a great pleasure to welcome you all to the 11th Annual
December 2016, whereas on point to point basis inflation
General Meeting of Agrani Bank Limited (ABL). On behalf of
rose to 5.8 percent in December 2017 from 5.03 percent of
the Board of Directors, I feel honored to have the opportunity
December 2016.
of presenting before you a brief account of some of the major
achievements of the Bank in the financial year ending on 31 Let me now recount some of the major achievements of the
December 2017. Bank in the year 2017. The Bank continued to grow steadily in
all major areas. Deposits increased by 7 percent in 2017 and
First of all, I recall with profound respect the architect of our
reached Tk.53,035 crore from Tk.49,405 crore in 2016. Total
Independence, the greatest Bangalee of all times, father of the
loans and advances in 2017 was TK.31,912 crore as against
nation, Bangabandhu Sheikh Mujibur Rahman. It is because
Tk.26,587 crore in 2016, with a growth of 20 percent over the
of his visionary leadership, Bangladesh came into being as
previous year. Total Exports and Imports in 2017 were Tk.7,059
an independent state in the world map. I remember with high
crore and Tk. 13,267 crore respectively. In 2017 we improved
esteem the four martyred great national leaders of Bangladesh.
in managing NPL. Total NPL in 2017 decreased by 18% from
I also pay my tribute to the martyred heroes of our liberation
previous year. Total NPL in 2017 was Tk. 5,570 crore and in 2016
war in 1971.
was Tk. 6,804 crore. This year, bank’s operating profit reached
Respected shareholders, in 2017, the global economy shaped Tk. 813 crore.
well for the financial markets to report stronger performance. The inflow of foreign remittance through different channels of
The fears that dominated the latter stages of 2016, comprising ABL was Tk. 10,605 crore in 2017. Remittance decreased by 12%
the aftermath of the market crash with the outcome of the from the level of Tk. 12,022 crore in 2016. The slowdown in the
US presidential elections, Brexit-triggered recession in the UK economy of the Middle East countries emanating from low oil
and a collapse of the Eurozone following the subsidence of prices and the geo-political situation were mainly responsible
the Italian banking system, are now considered to be events for the deceleration of remittances inflow. Moreover,
of the past as the world looks at new triggers of growth today. appreciation of USD against British Pound Sterling and Euro
The global growth has been estimated at 3.7 percent for 2017, contributed to the shifting of significant amount of remittances
0.4 percentage points higher compared to the growth of 2016. inflow from legal to illegal channels. However, during the
The continued boost in domestic demand in the developed period, overseas employment increased considerably by 32.12
economies, favourable financial conditions, strong business percent from the previous year.
and consumer confidence are expected to play a vital role in
achieving a projected growth of 3.9 percent in global economy Investment climate showed significant improvements
in 2018. Significant improvements in the investment situation, in 2017. Spurred by lower interest rates and crowding-in
increased investment in China’s infrastructure and housing of private investment due to satisfactory progress in the
sector and revival from the downturn of commodity prices, implementation of several mega projects in the public sector,
even in partial, are expected to induce growth momentum of most ABL customer segments increased their activity levels.
emerging and developing economies. With satisfactory levels of deposits, ABL was in a position to
cater quickly to this enhanced demand for fund with efficient
Distinguished shareholders, we know that a sound financial administrative and back-office services. SME customers in
sector is the key to sustainable economic development Bangladesh also increased their demand for lending and ABL
for any country as it facilitates the financial mechanisms succeeded in overshooting the target of SME lending in 2017.
between borrowers and lenders, helps expedite capital
accumulation, and makes use of resources in productive Information Technology has transformed the banking
sectors. In Bangladesh, the contribution of the financial sector industry worldwide for the better and has provided us with
has increased over the years. In FY2010-11, financial sector’s the necessary tools to manage the challenges of an ever
share in GDP was 2.99 percent at constant price, which has growing economy. The integration of technology has been
increased to 3.41 percent in FY2016-17. Commercial banks the cornerstone of recent financial sector reforms across
play the dominant role, accounting for almost 80 percent of industry aimed at increasing the productivity and efficiency
the financial sector. In FY2016-17 the share of banking sector in of financial operations, strengthening the banking sector to
GDP was 2.91 percent. meet high consumer expectations and to secure a leadership
position amongst peers. Banking operations of our branches
In 2017, Bangladesh economy faced some challenges including have been computerized to minimize costs and risks and to
country-wide flooding in August 2017. The flood caused our optimize benefits and increase overall efficiency for improved
economy a heavy toll on infrastructure and crop production. services. After full implementation of our Core Banking
And also in 2017, Bangladesh had to accommodate more Solution “TEMENOS T24”, a world class proven technology
than 1 million Rohingya refugees. Despite these challenges, platform, bank’s MIS system are more robust, prompt and user

Chairman’s Statement
friendly at present. Banks have started moving into “paperless like to take this opportunity to thank all our clients that choose
banking” as part of “Green Banking” and ABL cherishes the to work with us and our employees. The whole team is deeply
idea by accelerating the pace of automation. committed to delivering world-class service in everything we
do, so that we can be the preferred choice over the long term
Respected shareholders, Agrani Bank Limited not only makes in the eyes of our customers.
profits but also spends a significant amount of earnings in
the form of CSR.The Bank holds an approved CSR policy to
cover the core areas of focus on CSR. During 2017, the Bank
I would also like to thank our valued shareholders, customers,
continued to make contributions toward education, health,
and business partners, Bangladesh Bank and the Government
environment, sports and social awareness campaigns.
of Bangladesh for the support that have been given to us.
Agrani Bank Limited believes in inculcating a culture of With their unfaltering faith and strong support, I strongly
excellence, good governance, transparency, integrity and believe that Agrani Bank Limited will move ahead with greater
accountability through commitment to prioritize controls and achievements in the coming days.
compliance, thereby ensuring that all activities are carried out May Allah bless us in taking forward our agenda for the Bank’s
in accordance with the prevailing regulations. The Board of prosperity.
Directors of ABL is committed to ensure corporate governance
in all spheres of banking activities. It includes sanction and
disbursement of credit, loan administration, keeping of
accounts, utilization of resources, fund management and
reduction of wasteful expenditures.
The prerequisites for well performing banks are quite different

Dr. Zaid Bakht
today compared to what it was ten years ago. However, the
Chairman
importance of having deeply committed employees working
The Board of Directors
together, eager to learn and develop, never changes. I would
55
Mohammad Shams-Ul Islam, Managing Director and CEO
Overview of
At the very outset, I would like to emerging problems and fast resolution higher
remember with great reverence the turnaround, hence greater efficiency. yields
great architect of our independence, from Net Interest Income
In 2017, our focus was to regain,
the greatest Bangalee of all times, the
Father of the Nation, Bangabandhu reaffirm and revitalize ourselves to
interbank
and non
424%
Sheikh Mujibur Rahman under whose reach the apex of banking industry. banking
legendary leadership, a country named We have built upon the progress we financial
Bangladesh was liberated and emerged made last year by further strengthening institutions balances. Our total loans
in the comity of nations. I also call our governance, risk management, and advances reached to BDT 31,912
to mind those brave martyrs of 1971 corporate culture, rendering service crore (319.12 billion) by increasing 20%
whose great sacrifice have given us to community, widening our products up on 2016 and investment in interbank
the opportunity to be the citizen of an and engaging with stakeholders. ABL and non banking financial institutions
independent country. was repositioning itself to cater to the rose by 183% to BDT 7,314 crore (73.14
changing needs of its customers and is billion).
Agrani Bank Limited embarked focused on attuning itself to providing
its journey of 2017 with the aim of customer centric services across the Expenses
achieving cherished goals and higher land.
vision and made headway fairly by Although total expenses increased by
attaining some stellar achievements. The journey of 2017 started to keep 6.39% over the year 2016, the cost to
Maintaining trust is more important the track of success unhindered income ratio reduced by 6.09% to reach
than ever in today’s global business by growing all business operations down to 80.51% from 86.60% which
environment. Wherever ABL operates, and a ‘90-day Action Plan’ has been means we are on the right track in terms
we strive to conduct our business in a adopted for the last trimester of the of running
manner reflecting the ethics, values, year. Henceforth, following thoughtful the bank
and timely directives of the Board efficiently
Cost to Income Ratio
and norms which are in force in banking
industries. With deep regards, we follow and with the heartfelt effort of the and cost 6.09%
our regulators for the greater interest Management, Executives, Officers effectively.
of our country. ABL has numerous and Staff from all segments, the Bank Expenses
policies and systems in place to help attained outstanding growth in different increased by reason of salary structure
ensure that our business practices and indicators including Deposit, Loans and remuneration, investment in
operations are consistently effective, & Advances and Operating Profit, Net technology and infrastructure. These
responsive and highly principled. Interest Income, NPL recovery etc. investments reflect our ongoing efforts
We are committed to achieve this As a result of the action plan, almost to keep our commitment to serve
through integrity and sound corporate all the indicators of the Bank gained the people shaping up the future
governance. momentum. capabilities.
The complexities of business in 2017 Achievements Deposit Mix

global economy create challenges
Operating Profit By improving the deposit mix, the
for companies striving to operate in Bank was also able to reduce the cost
an effective and socially responsible We enjoyed a good year overall in 2017. of deposit. The ratio of low & no cost
manner. So we focus on innovation, We accelerated a whopping operating and high cost deposit stood at 54%
excellence and variety in our products profit of BDT 813 crore (8.13 billion) that and 46% respectively which was 52%
and services. We conform to global means and 48% in 2016. Because of such cost
standard of business to sustain in the Bank reduction , bank would offer loans to
a competitive corporate world. We registered Operating Profit
good corporate borrower at highly
continuously withstand for excellency in a 46.49%
our service and embrace our obligation growth in
46.49% competitive rates that contributed
to maintain moderate business
to be a good corporate citizen. We work profit. growth.
in line with the need and demand of
the people of our country and remain Net Interest Income Net Profit After Tax (NPAT)
committed to serve them. Openness
We also achieved new height in net We made net profit of BDT 676 crore
creates opportunities for dialogue
interest income. Net interest income (6.76 billion)
with our customers, business partners,
rose 424% to BDT 435 crore (4.35 billion) in 2017 with a
stakeholders and employees. We
maintain corporate transparency and
from a year ago largely on the back of growth rate of NPAT
reduction of classified loan and healthy
conduct ethical business practices.
loan growth and also attributed to
197% because of
target-oriented
197%
Such would enable awareness of
57
and pragmatic measures taken by the remained strong at 97% in 2017. 2016 up by 8 percent. We became able
Management. to increase our asset significantly over
To bring down the year. We could able to restore the
ROE the amount of NPL Recovery positive trend of Return on Asset (ROA)
classified and
We could be able to register growth in written off loan 97% compared to the negative trend of ROA
of 2016. ROA stood at 1.00 percent
profitability ratios. At the end of 2017, of the Bank to which is attributable to our efficient
Return on Equity a logical level, management.
(ROE) stood at 17% financial incentives have been provided
form a negative
ROE
for the greater motivation of the Capital Adequacy Ratio (CAR)
ROE of 19% of the 187% executives and officers and separate
previous year. ROE committees, including executives and Bangladesh implemented Basel-III in
increased by 187 % officers, were formed. The result is banking sector. Our capital position
in 2017. the significant decrease of classified remained healthy.
loan. Despite several
EPS constraints and CAR
Deposit, Loans & Advances challenges in
We also raised Earning Per Share (EPS)
from BDT 33.63 (negative) in 2016 to BDT
operation, the 0.21%
We maintained our strong deposit Bank has been
32.62 in 2017. position up by 7 percent over the last able to maintain
EPS increased year to BDT 53,035 crore (530.35 billion).
EPS 10.24% as capital against the minimum
by 197% in
requirement of 10% of total risk
2017 over the Loans and Advances stood at BDT
year 2016. BDT 66.25 31,912 crore
weighted assets as per requirement of
Basel-III Accord. Bank could maintain
These growth (319.12 billion) Deposit 6.14% capital in form of Common
rates indicate in 2017 with a
Equity. CAR increased by 0.21% in
the enhancing trend of profitability. growth rate of 7% 2017.
EPS is the portion of company’s profit 20% over 2016.
allocated to each outstanding share Advance Deposit Loans and Foreign Remittance
manifesting Bank’s profitability. Ratio (ADR) has Advances
improved touching ABL has been able to keep the first
to 60 percent.
20% position unchanged in the year 2017
NPL Management ADR increased by to earn foreign remittance among
Though Non Performing Loan (NPL) 6.36% as a result
ADR state-owned banks. ABL has earned
was looming large throughout the year of disbursing 6.36% $1313.77 million foreign remittance,
in the banking industry, we were able new loan and the highest among the state-owned
to pull down the amount of NPL from diversification banks and the second highest among
BDT 6,804 crore (68.04 billion) to BDT of loan products specially to the all banks in Bangladesh. Agrani
5,570 crore (55.70 billion). NPL stood at well reputed corporate and big Bank is accomplishing an important
17.45% of gross loan which was 25.59% conglomerates. The gradual upward role by providing foreign currency
in 2016 i.e., NPL decreased by 8.14% in trend of deposit shows the trust that in the national economy and in
2017. our depositors have on us which the development of GDP as well as
makes us capable to fund more to the poverty reduction of rural community,
It was possible to borrowers. employment generation and creating
reduce the amount the opportunity to receive education
of NPL through cash NPL Total Assets and healthcare. To create employment
recovery of BDT 576 opportunities abroad, ABL is providing
crore (5.76 billion), 8.14% We decided to
loan through ‘ABJL’ project at a single
regularization of accelerate quality
asset throughout Asset digit interest. Up to December 2017,
BDT 1,288 crore ABL disbursed BDT 65.9 million in this
(12.88 billion) and writing off BDT 11 the year. Our 8% sector. Currently we have arrangement
crore (0.11 billion) in 2017. It was a total asset
for bringing foreign remittance
momentous year for us in terms of NPL accumulated to
of Bangladeshi diaspora living in
recovery. Total recovery of classified BDT 67,392 crore
loan was BDT 1,875 crore (18.75 billion) (673.92 billion) in ROA Singapore, Malaysia, Canada, Australia,
Brunei and so on.
2017 which was
which is ever highest in the history
BDT 62,357 crore
189%
of Agrani Bank. In case of recovery Import-Export
of classified loan, the growth rate (623.57 billion) in We were able to catch up the growth

of import of the country. Import of integrated Government Supported sector in Bangladesh.
the Bank was BDT 13,267 crore (132.67 Entity (GSE), the Credit Rating company,
billion) registering a 31% growth. from risk point of view, affirmed its Contribution to National Exchequer
Besides export was BDT 70,590.00 ‘AAA’ rating in the Long Term and ABL also contributes to the economy by
million, showing a negative growth of ‘ST-1’ rating in the Short Term. The collecting and depositing VAT, tax and
5% which we think would improve in the highest ratings have been assigned in excise duty to government treasury in
coming years. consideration of implied commitment time and properly. ABL has credited a
of the Government of the Peoples’ total of BDT 1,976 crore (19.76 billion)
Capital, Provision Republic of Bangladesh to the Bank to of revenue in the state treasury in the
extend its support through policy and last four years against VAT, tax and
Though many banks and NBFIs in
other matters to address any adverse excise duty. In the year 2017, the Bank
Bangladesh are stumbling for capital
situation. deposited BDT 599 crore (5.99 billion) in
deficit, ABL has the credit to have no
capital deficit. ABL has no provision Agent Banking- banking to the state exchequer.
deficiency as well. doorstep of people Diversification in Portfolio
Contribution in Capital Market and In order to reach to people in greater Management
Liquidity Support scale in their doorsteps, ABL has We have expanded our business to
introduced ‘Agent Banking’ first ever new areas for diversifying our portfolio.
ABL played a pivotal role in providing
among the state-owned banks. Agrani In 2017, for the first time ever, we
liquidity in banking sector in 2017.
Bank has already been able to set up invested BDT 20 crore (200 million) in
Though the market was faltering for
200 agent booths. We believe that commercial paper. We believe these
liquidity crunch, ABL maintained
we will be able to bring greater rural enterprises will provide opportunity for
abundant liquidity and supplied the
population under the banking facilities the future sustainable growth.
liquidity to other Banks and NBFIs,
through ‘Agent Banking’. We have a plan
hence stabilizing the liquidity in
to extend ‘Agent Banking’ network to Branch Network
the banking arena. ABL has played
bring the people deprived of banking
significant role in money market ABL is moving forward to establish
amenities under the banking arena.
through investing BDT 1,456 crore (14.56 a strong foothold in the country by
On top of that, we have launched
billion) in Treasury Bonds and Bills. taking advantage of the steady growth
‘Remittance Only Points’- an innovative
Agrani Bank plays a vital role in step augmenting remittance through of Bangladesh. ABL is enlarging its
strengthening the capital market by which around 500 Remittance Only nationwide footprint by continuously
supplying fund to ICB, dedicated to Points will work relentlessly in 7 days a expanding its branch networks. The
strengthening the country’s capital week to catch-up remittance. number of branches of ABL in 2017
Market. The Bank has provided funding stood at 943.
SME Financing
of BDT 850 crore (8.50 billion) to ICB till Human Resource Development
December, 2017. The Bank also invested In order to make SME financing more
BDT 2,525 crore (25.25 billion) in the active and relevant in recent times, ABL To convert our human resources into
capital market in various forms. has created a comprehensive vision for human asset, we provided world class
the development of small and medium training to our employees at home
While deposits are our main and abroad. For better management
industries in 2017 as the development
source of funds, we also tapped analysis of human resources, our own
partner of the government. Until
debt capital markets to build term training institute called ABTI (Agrani
December 31, 2017 BDT 5,659 crore
funding capabilities and to optimize Bank Training Institute) which has
(56.59 billion) was distributed in the
funding costs. Premier role of ABL in now emerged as center of Excellence
SME sector. According to Memorandum
financing capital deficit in banking introduced IHRM (Integrated Human
of Understanding (MOU) signed with
sector is praiseworthy and known to Resources Management) Software. We
Bangladesh Bank (Central Bank) in
all concerned in the industry. As of provided quality training, covering all
2017, SME target was fixed at BDT 3,233
December 31, 2017 ABL has provided aspects of banking industry through the
crore (32.33 billion) against which BDT
BDT 1, 049 crore (10.49 billion) of funds year for the welfare and development
3,266 crore (32.66 billion) has been
through purchase of Tier-II bonds to of our workforce. For the enhancement
distributed in this sector and 101.1 %
increase the capability of the capital of of human asset, ABTI (Agrani Bank
of the distribution target was achieved
37 private banks in particular. Training Institute) has covered 8,120
which is the top among the SCBs. ABL
Credit Rating founded a subsidiary named “Agrani participants by conducting 199 courses/
SME Financing Company Ltd” for the workshops in 2017. During the year
Considering ABL a 100% State owned betterment and development of SME we sent 37 people abroad attending
Commercial Bank (SCB) and highly various trainings and workshops etc.
59
Core Risk Management innovative techno savvy banking management will get greater attention.
products. Our customers shall remain at the pivot
We remained compliant in all aspects of our all banking activities.
of legal and regulatory guidelines. 2018 Outlook
We managed core risks of the Bank Let me express my sincere thanks
by enhancing managerial and Global economy is showing sign of and gratitude to the Government of
operational efficiency and following upward movement for the recovery in Bangladesh, Bangladesh Bank and
the best practices of the industry. ABL investment, manufacturing and trade other regulatory bodies for their
has a separate division named ‘Risk continue to accelerate in 2018. This prudent guidance towards our journey
management division’ as to deal with fiscal year, the economy continues to of excellence.
risk portfolio. It coordinates all risky show resilience, despite countrywide
phylum with management. Various flashflood in August and the ongoing I would like to convey my heartfelt
types of operations like stress testing, Rohingya refugee crisis. Though thanks and profound gratitude to the
Duration Gap analysis, calculation of the World Bank and ADB forecast honorable Chairman and the Members
Minimum Capital Requirement (MCR), Bangladesh’s GDP to grow up because of the Board for their trust and belief
Liquidity Coverage ratio (LCR), Net of strong domestic demand, exports, upon me. I would also like to deliver my
Stable Funding Ratio (NSFR) etc. are investment and remittance, 2018 thanksgiving to the valued customers,
done to find out risky event. To find will be a challenging year for proper well-wishers and patrons for relentless
out instant arisen risk surprise visit is management of liquidity, widening gap support to our endeavor.
conducted by the delegated authority in the balance of payment, rising forex
rate, depreciation of BDT, rising expense Finally, I would like to say `Thank you’
and appropriate steps are being taken to all my devoted, hardworking and
instantaneously. for import, and especially for the socio-
political condition for the upcoming benevolent colleagues of all ranks
Striving for Excellence national election. To increase the inflow and the Management for their toil for
of remittance is another challenge the best result we could achieve and
ABL will continue to play a greater role we have to face. In this scenario, especially the team connected with
to activate usage and consumption we will focus on prudent liquidity the tenacious work and practice for
in the country in order to promote management, accelerating export bringing to light this pervasive Annual
economic growth. It is indeed your business, tactful portfolio management, Report of the year 2017.
unwavering faith and confidence in the elevating credit growth along with NPL
Bank that gives us the zeal, inspiration management.
and motivation to continually
strive for excellence. Today ABL is We would continue to enlarge our
recognized as the preferred business network and embrace cutting edge
partner throughout the country. As technology to provide real-time and Mohammad Shams-Ul Islam
we look forward to coming years, we customized banking services to our Managing Director and CEO
are confident of doing our best to customers. Digital banking services will
enhancing our customers’ values by be our focus. Mobilizing surplus liquidity
providing comprehensive personalized in the market and providing quality loan
banking service and introducing are our main challenges in 2018. NPL

Management
Discussion
& Analysis
Signing of Accounts 2017 62
Performance Review -2017 63-65
Comparative Scenario 66-67
Graphical Presentation 68-69
Segment Analysis 70-71
Future Outlook 72
Signing of
Audited Financial
Statements 2017
Management Discussion & Analysis
Performance Review -2017
Financial Highlights
Total Income (BDT in Crore)

Total Income
Total income showed strong momentum and rose
2,353
1,950 1,991
2,080 13% to BDT 2,353 crore, led by new high in net interest
1,846
income. It was possible because of investing into higher-
1,922 1,997 1,918
yielding assets and a rising interest rate environment.
2,353
1,719 1,831
BDT
crore
127 119 69 83
435
+13%
2013 2014 2015 2016 2017
Net Interest income Non-Interest income Total
Operating Profit
Operating Profit
(BDT in Crore) Operating profit stood at BDT 813 crore that means the
1064 1074 Bank registered a big growth of 46%.
878
813
555
BDT 813 crore
+46.49%
2013 2014 2015 2016 2017
Net Interest Income

Net Interest Income 435 Net interest income rose 424% to BDT 435 crore from a
(BDT in Crore)
year ago on the back of higher net interest margin and
healthy loan growth of 20%. Net interest margin increased
mainly attributed to higher yields from interbank and
non banking financial institution balances, a function BDT 435 crore
of both our measured efforts in deploying excess funds +424.10%
126 119 into higher-yielding assets and largely on the back of
83
69 reduction of classified loan and healthy loan growth.
2013 2014 2015 2016 2017
Net Profit after Tax

Profit after Tax
(BDT in Crore) The Bank reported net earnings of BDT 676 crore in 2017,
905 197% higher than the preceding year.
676
199
BDT 676 crore
65 +197%
2013 2014 2015 2016 2017
-697
63
NPL (BDT in Crore)

NPL Recovery
6804 The Bank has become able to pull down the amount NPL Recovery
of NPL through cash recovery of BDT 576 crore,
4640
5570
regularization of BDT 1,288 crore and writing off BDT 11 BDT 1,875
3966 crore. In 2017, the total recovery of NPL amounted to crore
3580
BDT 1,875 crore, which was BDT 954 crore in 2016. NPL +97%
recovery growth rate recorded 97% higher than previous
year.
Cash Recovery
NPL Cash Recovery
2013 2014 2015 2016 2017
Cash recovery increased to BDT 576 crore which is 52% BDT 576 crore
higher than a year ago. +52%
Customer Loans/Deposits Customer Deposits/ Loans Customer Deposits

(BDT in Crore) Customer deposits grew 7% to BDT 53,035 crore, led
53,035
60.17 55.64 61.23 58.21
53.81
by growth in deposits especially in no and low cost BDT
53,035
49,405
43,998
deposits. crore
31,912
38,392
34,868 +7%
26,587 24,480 23,509
20,297
Customer Loans
2013
Loans
2014 2015
Deposits
2016
AD Ratio
2017
Customer loans grew 20% from a year ago to BDT 31,912 BDT 31,912
crore in 2017 because of quality loan disbursement. crore
+20%
Loan/Deposit Ratio
The Bank’s funding position continues to be strong with
a healthy loan-to-deposit ratio at 60.17% in 2017. 60.17 %
+6%
Loans by Geography
Loans and Advances: Percentage 2017
Gross loans grew 20% year-on-year to BDT 31,912 crore
Dhaka Region 62.46%
Chittagong Region 7.16% as at 31 December 2017.
Khulna Region 7.17%
Rajshahi Region 6.24% Highest Growth
Dhaka region which accounted for 62% of the total loan
Barisal Region 2.23% Dhaka Region
Sylhet Region 1.56% reported 21% growth year-on-year to reach BDT 19,932
Rangpur 4.29%
crore while other rigonal average growth of 18%. +21%
Mymensingh Region 4.24%
Comilla Region 2.57%
Faridpur Region 2.08%

Shareholders’ Equity/Return on Equity

Return On Equity (ROE)
Shareholders’
25.39% Shareholders’ equity increased 11% from the last year to Equity
BDT 4,073 crore as at 31 December 2017.
16.59%
BDT 4,073
5.02%
crore
2013 2014
1.46%
2015 2016 2017
+11%
Return on Equity
Return on equity is 16.59% for 2017.
-19.06%
16.59%
Return On Assets (ROA) Total Assets/Return on Assets

2.04%
Total assets grew 8% to BDT 67,392 crore in 2017 mainly BDT 67,392
on higher loan volume. crore
1.00%
+8%
0.40%
0.12%
2013 2014 2015 2016 2017 Return on Assets
-1.12%
Return on assets for 2017 increased to 1%. 1%
Total Capital
Capital Adequacy Ratio (CAR)
(BDT in Crore)
3,448.26
The Bank has been able to maintain 6.14 % capital in CET-1 CAR
form of Common Equity and finally maintained 10.24%
2,145.32
2,644.39 2,523.80 2,677.24
as capital against the minimum requirement of 10% of 6.14%
2,066 total risk weighted assets as per requirement of Basel-III
1,746
1,212
1,552 1,692
1,382 Accord. Total CAR
1,093 986
933
10.24%
777
2013 2014
TIER-1 (Core Capital)
2015 2016
TIER-2 (Supplementary)
2017
Total Capital
+2.09%
65
Comparative Scenario
Two Years Comparative Analysis
Particulars 2017 2016 Change

Performance during the year
Interest revenue 2,253.05 2,144.61 5.06%
Interest cost 1818.32 2,061.96 11.82%
Net interest revenue 435 83 424%
Income from investment 1,468.92 1,561.18 (5.90)%
Other operating revenue 449.33 435.80 3.10%
Total operating revenue 2,352.99 2,079.64 13.14%
Salary & allowances 1,074.68 1,007.04 6.72%
Other operating cost 465.30 517.52 10.09%
Total operating cost 1539.98 1524.56 1.01%
Profit before amortization, provision and tax 813.01 555.08 46.47%
Amortization ( valuation adjustment) 133.04 132.95 0.07%
Provision for loans and advances (504.20) 816.57 (161.75%)
Other provision 216.13 356.61 39.39%
Profit before tax 968.05 (751.05) 228.89%
Provision for tax (with deffered tax effect) 292.12 (54.04) 640.56%
Net profit after tax 675.93 (697.01) 196.98%
Paid up capital 2,072.29 2,072.29 -

Total shareholders equity 4,073.46 3,657.68 11.36%
Deposits 53,034.97 49,405.01 7.35%
Total contingent liabilities and commitments 12,333.77 8,390.23 47.00%
Loans and advances 31,911.86 26,587.11 20.03%
Amount of classified loans 5,569.55 6,804.49 (18.15%)
Provision kept against classified loans 2750.14 3,057.45 (10.05%)
Investments 17087.61 22,753.51 (24.90%)
Interest earning assets 39708.40 29,114.33 32.95%
Non interest earning assets 27683.81 33,242.42 (16.72%)
Fixed assets 1556.07 1,577.93 (0.14%)
Total assets 67392.21 62,356.75 8.08%

Comparative Scenario
Profitability and Performance Ratios
Sl. No. Particulars 2017 2016

1 Net Interest income Ratio 19.30% 3.85%
2 Operating cost-Efficiency ratio 36.92% 36.81%
3 Return on Capital Employed 2.15% 1.89%
4 Net profit ratio 16.20% -16.83
5 Cost to income ratio 80.51% 86.60%
6 Return on assets 1.00% -1.12%
7 Return on equity (after amortization, provision & tax) 16.59% -19.06%
8 Non-interest expenses to total assets 2.29% 2.44%
9 Non-interest income to total assets 2.85% 3.20%
10 Interest margin to total assets 0.64% 0.13%
11 Earnings per share (Taka) 32.62 -33.63
12 Net asset value per share (Taka) 197 177
13 Cost of fund 7.03% 8.42%
14 Return on investment 8.60% 6.86%
15 Profit per Employee (Crore Taka) 0.06 0.04
16 Non-Performing Loans to Total Loans 17.45% 25.59%
Liquidity and Solvency Ratios

1 Satutory Liquidity Ratio 27.86% 43.93%
2 Cash Reserve ratio/ Liquid Asset ratio 6.97% 6.64%
3 Current Ratio 1.10 1.08
4 Debt to Aassets Ratio 93.95% 94.13%
5 Debt Equity Ratio 1554.60% 1604.67%
6 Loans & advances to deposit ratio 60.17% 53.81%
7 Loans & advances to total assets ratio 47.35% 39.45%
8 Provision to total loans & advances 9.85% 13.39%
Capital Adequacy Ratio

1 Capital adequacy ratio 10.24% 10.03%
2 i. Tier I Capital 6.14% 6.34%
3 ii.Tier II Capital 4.10% 3.69%
67
Graphical Presentation of Performance and Efficiency Ratios
Deposits Loans and Advances 31,912

53,035
(BDT in Crore) 49,405 (BDT in Crore)
43,998 26,587
24,480
38,392 23,509
34,868 20,297
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Advance / Deposit (AD) Ratio Operating Profit

(BDT in Crore)
61.23% 60.17% 1,064 1,074
58.21%
55.64% 53.81%
878
813
555
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
Profit after Tax Return On Equity (ROE)

(BDT in Crore) 25.39%
905
676 16.59%
5.02%
199 1.46%
65
2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
-697 -19.06%

Graphical Presentation of Performance and Efficiency Ratios
Return On Assets (ROA) Cost To Income Ratio (CIR)

2.04% 86.60%
80.51%
1.00% 79.52%
0.40%
0.12% 74.15% 74.25%
2013 2014 2015 2016 2017
-1.12% 2013 2014 2015 2016 2017
Cost of Fund Total Assets

(BDT in Crore)
10.41%
9.58% 67,392
9.01% 62,357
8.42%
56,535
7.03% 49,487
44,416
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
NPL Ratio Capital to Risk Weighted

25.59% Asset Ratio (CRAR)
10.44%
10.24%
18.95%
17.93% 16.96% 17.45% 10.04% 10.03%
9.54%
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
69
Segment Analysis (Consolidated)
Agrani Bank (Consolidated)
Particulars Operating Revenue Profit before Tax Total Asset

Conventional 4,180.08 950.10 66,415.67
Islamic Banking 49.35 9.52 703.28
Offshore Banking 9.49 8.43 273.27
Local Subsidiaries 68.20 29.07 899.72
Foreign Subsidiaries 9.71 (2.76) 38.90
Total 4,316.83 994.36 98,330.84
Operating Revenue (Consolidated) Profit before Tax (Consolidated)
Conventional 4180.08 Conventional 950.10

Islamic Banking 49.35 Islamic Banking 9.52
Offshore Banking 9.49 Offshore Banking 8.43
Local Subsidiaries 68.20 Local Subsidiaries 29.07
Foreign Subsidiaries 9.71 Foreign Subsidiaries (2.76)
Total Asset (Consolidated)
Conventional 66,415.67
Islamic Banking 703.28
Offshore Banking 273.27
Local Subsidiaries 899.72
Foreign Subsidiaries 38.90

Segment Analysis (Solo)
Agrani Bank (Solo)
Particulars Operating Revenue (SOLO) Profit before Tax Total Asset

Conventional 4,180.08 950.10 66,415.67
Islamic Banking 49.35 9.52 703.28
Offshore Banking 9.49 8.43 273.27
Total 4,238.92 968.05 67,392.00
Operating Revenue (Solo) Profit before Tax (Solo)
Conventional 4,180.08 Conventional 950.10

Islamic Banking 49.35 Islamic Banking 9.52
Offshore Banking 9.49 Offshore Banking 8.43
Total Asset (Solo)
Conventional 66,415.67
Islamic Banking 703.28
Offshore Banking 273.27
71
Future Outlook
Future Outlook
Future Outlook Number of authorized dealer

communicate with our valuable
• Increase of deposits - especially branch of the Bank has to be
customers, Government and
Low cost & No cost deposit. increased gradually by identifying
Private Organizations.
actual demand of new exporter
• Confirmation of the institutional • The Bank is committed to and importer located in different
good governance through the establishing the highest level of regions in our country.
implementation of compliance ethics and compliance.We are
• We have a dedicated team who
culture. giving importance to improve the
are diligently ensuring cyber
Bank’s credit risk management
• To pull down the rate of classified security from external malicious
system, ensuring transparency
loan to single digit. attacks. They initiate awareness
in internal audit, monitoring and
programs, educate users about
supervision and ensuring prompt
• To prevent classification of new safe usage of our intellectual
trial, and visible punishment
loans. properties and also conduct
of those involved in scams and
periodic penetration/ vulnerability
• To keep rescheduled loans irregularities to restore good
testing to identify weaker links to
regular. governance in the Bank.
the system.
• Various steps have been taken for
• Recovery of classified and written • For Cyber Security and ICT risk
ensuring the realization of cash
off loans. mitigation, the Bank has updated
target against the classified and
ICT security policy which is in
• To increase import, export and written off loans. At the beginning
line with the latest Bangladesh
foreign remittance. of the year, all zones and branches
Bank ICT guideline and the vastly
have been informed about the
practiced framework.
• Keeping the balance of retained collection of cash targets against
earnings of the Bank to positive the classified and written off • Agrani Bank Limited with its
figure. loans.Under the leadership of the different exchange houses
Division Heads of the Head Office, sponsored promotional
• Improving the quality of arrangements have been made to programme during festival to
technology-friendly services. monitor the collection of classified motivate our remitter to send the
and written off loans. money through legal channel. In
• To build skilled manpower this promo there are gifts for each
through training. • Our people is our asset. Training
remittance receiver from Agrani
programs strengthen knowledge
Bank Limited and mega gifts for 3
• Confirming cyber security. and awareness of leadership.
receivers selected through lottery.
Agrani Bank recognizes the
• Preserving Capital Adequacy as In addition to that, to motivate
contribution of training towards
per Basel-III. our branch level officers, gifts and
enhancing efficiency and
prizes are awarded.
profitability. The Bank’s training
Mitigation Strategies
policy applies to all employees • Agrani Bank adopts the
To overcome the challenges, we
and aims at ensuring that standardized approach for credit
have taken various initiatives. Our
appropriate training is imparted risk in relation to implementation
management takes short, medium
to enable individuals to reach of Basel-III to maintain Capital to
and long term strategies to mitigate
satisfactory performance levels. Risk Weighted Assets Ratio (CRAR)
the challenges.
at a minimum of 10 percent.
• To establish new entrepreneur
• Deposit collection target has
for export and import business,
been set to the circles, zones and
we are extending our hand of co-
branches. We declare incentive
operation to them by financing
for the officers to collect ‘No cost
and professional counseling.
& Low cost deposit’. We also

Directors’ Report
to the Shareholders
to the Shareholders
Global Economy 74 - 75
Bangladesh Economy 75 - 78
Business Performance Review 79 - 99
Directors’ Report in Bangla 100 - 112
73
Directors’ Report
to the Shareholders
Global Economy
Bismillahir Rahmanir Rahim Global economic activity continues to firm up. With buoyant
financial markets and a long-awaited cyclical recovery,
Respected Shareholders, global growth has risen up by 3.7 percent in 2017. The
cyclical upswing underway since mid-2016 has continued to
Assalamu Alaikum, strengthen. World trade has grown strongly in recent months,
On behalf of the Board of Directors, I am indeed delighted supported by a pickup in investment, particularly among
to present before you the Audited Financial Statements advanced economies, and increased manufacturing output in
and Annual Report 2017 of Agrani Bank Limited. The report Asia.
evaluates and analyzes the Bank’s overall operational
performance of 2017 compared to that of 2016. I would
Global GDP Growth
Global growth is estimated to have grown by 3.7 percent
request you to read the information and analysis in
in 2017, which is 0.5 percentage point higher than in
connection with the audited financial statements presented
2016. The pickup in growth has been possible because of
herewith. The report presents a concise scenario on the
notable upside surprises in Europe and Asia. Global growth
overall performance of the Bank in perspective of global and
forecasts for 2018 and 2019 have been revised upward by
Bangladesh economy.
0.2 percentage point to 3.9 percent. The revision reflects
Global Economy increased global growth momentum and the expected impact
of the recently approved U.S. tax policy changes. The stronger
The year 2017 can be termed as a prosperous one for the
momentum experienced in 2017 is expected to carry into 2018
world economy. Following the trend of 2017, the most
and 2019.
common measures of economic health viz. output, inflation,
employment, and cost of borrowing, all predict that 2018
might be one of the best in this decade, and perhaps, even
since the dawn of this century.
GDP Growth
(Annualized semiannual percent change)
April 2017 WEO October 2017 WEO
4- Advanced Economies - - Emerging Market and -9
- - Developing Economies
- - - -8
3- - -
- - -7
- - - -6
2- - -
- - -5
- - -
1- - - -4
- - -
- - -
0 3
2011 : 13: 15: 17: 18: 2011 13: 15: 17: 18:
H1 H1 H1 H1 H2 H1 H1 H1 H1 H1
Source: IMF

Directors’ Report
to the Shareholders
Global Economy
Global Trade journey. Like previous years, major boost of growth has come
Global trade accelerated as well, before moderating more from the industrial sector followed by the services sector.
recently. According to WTO, volume of world merchandise From a macro perspective, domestic demand growth is
has grown by 3.6% in 2017 and this growth is estimated to be expected to remain robust over the near and medium-term.
within 3.2% in 2018. The major reasons behind the growth As Bangladesh continues its middle income transitions,
in world trade are due to continued growth in investment, continued focus on easing infrastructure bottlenecks,
particularly among developed economies and increased improving cost of doing business and skills, increasing
manufacturing output in Asia. investment is needed in the years ahead.
Global Inflation Rate The year 2018 will be a turning point for Bangladesh in
Major consumer price inflation has softened since the spring many ways. Bangladesh will prepare to graduate from the
as the boost to prices from the oil price recovery of 2016 least developed country status in 2018. It will also continue
has faded and the decline in oil price have started to exert its efforts toward becoming a middle-income country.
downward pressure. Expectations of consumer price inflation Additionally, it will continue to implement the sustainable
for the year have therefore diminished, especially in emerging development goals (SDGs). These will hinge on a number
market and developing economies. Core inflation has been of factors such as accelerated resource mobilization, higher
generally soft. investment, efficiency in infrastructure implementation,
Major Challenges skilled human resources and strong institutional set up.
The current cyclical upswing provides an ideal opportunity Economic Growth
for reforms. Shared priorities across all economies include Bangladesh has experienced high and steady growth for
implementing structural reforms to boost potential output more than a decade, with an average growth of over 6.0
and making growth more inclusive. In an environment of
percent. One of the major achievements of the economy has
financial market optimism, ensuring financial resilience is
been a 7.28 percent economic growth in FY2016-17 breaking
imperative. The improved growth momentum means that
the 6 percent cycle that continued for a decade or so. Like
fiscal policy should increasingly be designed with an eye on
previous years, major boost of growth has come from the
medium-term goals. Multilateral cooperation remains vital
industrial sector, followed by the services sector.
for securing the global recovery. Low productivity growth and
high income inequality will remain a challenge for the coming
years. Bangladesh real GDP growth
World Economic Perspective for 2018 7.0
The stronger momentum experienced in 2017 is expected to 6.5
carry into 2018 and 2019, with global growth revised up to 6.0
Percent
3.9 percent for both years. The upward revisions to the global 5.5
outlook result mainly from advanced economies, where 5.0
growth is now expected to exceed 2 percent in 2018 and 2019. 4.5
This forecast reflects the expectation that favorable global 4.0
financial conditions and strong sentiment will help maintain FY13 FY14 FY15 FY16 FY17
the recent acceleration in demand, especially in investment. GDP growth Per capita real GDP growth
Source: Bangladesh Bureau of Statistics
Bangladesh Economy
The Macroeconomic Situation of Bangladesh Agricultural sector
Bangladesh has become one of Asia’s most remarkable and Bangladesh is an agricultural country, where the agricultural
unexpected success stories in recent years. The economy sector plays a major role in boosting economic growth. It
in Bangladesh remains strong with accelerating industrial is therefore important to have a profitable, sustainable and
production and resilient services. The Bangladeshi economy environment-friendly agricultural system in order to ensure
showed resilience and has been able to maintain sustained long-term food security. Over the last few years, there has
economic growth in 2017. Despite facing significant been an increasing trend in food production. According to
challenges, including countrywide flooding in August the publication from the Ministry of Finance, there was 1.96%
2017 and the accommodation of hundreds of thousands growth in the agriculture and forestry sectors in 2016-17,
of Rohingya refugees, Bangladesh is going on a forward which was 1.79% in the previous fiscal year. The growth of the
75
Directors’ Report
to the Shareholders
Bangladesh Economy
three subsectors, i.e. crops and horticulture, animal farming percent and 6.98 percent, respectively, in FY2016-17,
and forest and related services reached 0.96 percent, 3.31 which were 6.28 percent, 3.20 percent, 1.48 percent, 5.19
percent and 5.60 percent, respectively, in FY2016-17, which percent and 6.81 percent, respectively, in the earlier fiscal
was 0.88 percent, 3.19 percent and 5.12 percent, respectively year. The growth of financial intermediation, real estate,
in the previous fiscal year. The food grain production (rice, renting and business activities, health and social work and
wheat and maize) in FY2016-17 was 38.814 million metric community, social and personal services sectors increased
tons (MT), which was 38.817 million MT in the previous fiscal to 9.12 percent, 4.80 percent, 7.63 percent and 3.62 percent,
year. Rice production in FY2016-17 was 33.813 million MT, respectively, in FY2016-17. However, the growth of public
which was 34.710 million MT in the previous fiscal year. administration and defense, and education declined to 9.15
Besides, wheat production in FY2016-17 was 1.423 million percent and 11.35 percent in FY2016-17 from 11.43 percent
MT, marginally higher than 1.348 million MT of the previous and 11.71 percent, respectively, in FY2015-16.
fiscal year. Maize production in FY2016-17 was 3.578 million
MT, higher than 2.759 million MT of the previous fiscal year. Savings & Investments
According to estimates of the Department of Fisheries, the Gross national savings as a percentage of GDP declined
total inland and marine fish production in FY2016- 17 is marginally to 29.64% in FY2017 from 30.77 percent in FY2016.
expected to be 4.050 million MT, which was 3.878 million MT On the contrary, domestic savings as a percentage of GDP
in the previous fiscal year. improved from 24.98% to 25.33% over the same period. Gross
domestic investments at current market prices grew faster
Industry Sector than gross domestic savings. As a result, domestic saving–
According to final estimations, the growth of 3 sectors (mining investment gap as a percentage of GDP widened from 4.67%
and quarrying, manufacturing and electricity, gas and water in FY2016 to 5.18% in FY2017.
supply) decreased while growth of the construction sector
increased in FY2016-17. The growth of natural gas and crude Investment in FY2016-17 increased to 30.51 percent of GDP,
petroleum sub-sectors moderated to 0.34% in FY2016-17, up by 0.86 percentage point from the preceding fiscal year. It
which was 11.77% in the previous fiscal year. However, was 29.65% in FY2016. Private investments increased slightly
growth of other mining and coal sub-sectors significantly to 23.10 percent in FY2017, from 22.99 percent in FY2016.
increased to 21.19% from 14.42% in the previous fiscal year. However, public investment-to-GDP increased to 7.41% from
Similarly, growth of large and medium-scale manufacturing 6.66% over the same period.
sub-sectors slightly decreased to 11.20% but small scale
Trends of domestic savings Investment
manufacturing sub-sectors increased to 9.82%. Moreover,
and savings-Investment gap
growth of 3 sub-sectors, i.e. electricity, gas and water supply
were 9.22%, 0.28% and 11.09%, respectively in FY2016-
17, which were 14.20%, 9.91% and 7.40%, respectively, in
the previous fiscal year. On the other hand, growth in the 30
25
construction sector slightly increased to 8.77% in FY2016-17 20
Percent
15
from 8.56% in the previous fiscal year. 10
5
Service sector 0
-5
According to the final data, growth in the broad services -10
FY13 FY14 FY15 FY16 FY17
sector increased in FY2016-17, compared to the growth in Domestic savings Investment Savings investment gap
the previous fiscal year. The output of the wholesale and Source: Bangladesh Bureau of Statistics
retail trade, hotel and restaurants and transport, storage

and communication sectors under the broad service sector Export
categories rose to 7.37%, 7.13%, 6.76%, respectively, in Country’s export earnings stood at US$34,835 million in
FY2016- 17, which were 6.50%, 6.98% and 6.08%, respectively, FY2016-17, which is 1.69 percent higher than the export
in the preceding fiscal year. Five sub-sectors, i.e. land earnings (US$34,257 million) of FY2015-16. Export earnings
transport, water transport, air transport, support transport increase due mainly to increasing export of tea, handicraft,
services, storage and post and telecommunications under engineering products, plastic products, chemical products,
transport storage and communication sectors registered footwear, cotton and cotton products etc. During the period,
growth of 7.06 percent, 4.10 percent, 2.79 percent, 6.40 export earnings from tea increased by 144.26 percent

Directors’ Report
to the Shareholders
Bangladesh Economy
followed by handicraft products (44.66%), engineering expatriates have immense contribution to the economic
products (35.05%), plastic products (31.40%), chemical development of Bangladesh in many significant ways such as
products (13.21%), footwear (9.90%), cotton and cotton lowering unemployment, poverty alleviation and swelling up of
products (6.55%), jute goods (6.45%), leather and leather foreign exchange reserve. A large portion of Bangladeshi labor
goods (6.29%) and home textile (6.13%). force is employed in the Middle-East and many other countries
of the world. The manpower export has witnessed increasing
Trends of export earnings trend in the recent years. About 9.05 lakh workers went abroad
40 40 in FY2016-17, which was 32.12 percent higher than the previous
35 35 fiscal year. Bangladesh earned remittances of US$12,769.50
30 30 In percent
Billion USD
25 25 million in FY2016-17 which was 14.48 percent less than

20 20
15 15 remittance inflows of US$14931.14 million in FY2015-16.
10 10
5
0
5
0
Inflation
Inflation declined to 5.44 percent in FY2016-17. Satisfactory
FY11
FY12
FY13
FY14
FY15
FY16
FY17
domestic production, favorable domestic environment, low

Export Growth (RHS)
Source: Export Promotion Bureau
budget deficit and prudent monetary policy coupled with
low fuel and commodity prices in the international markets
contributed to such sliding of overall inflation.
Import
Country’s total import payments stood at US$47,005 Though average inflation has been hovering at around 5.5
million in FY2016-17, which was 9.0 percent higher than the percent, food inflation is showing an increasing rate in recent
import payments of US$43,122 million of FY2015-16. Import months, mainly because of agricultural loss due to two rounds of
payments as a percentage of GDP continued to decline in the floods. But non-food inflation came down to 4.5% in FY2016-17.
recent years and edged down to 17.4 percent in FY2017 from
18 percent in FY2016. Total import payments for food grains,
Monthly CPI Inflation in FY17
milk and cream, spices, pulses, sugar, clinker, POL, plastic and (12-month average : FY06=100)
rubber articles, raw cotton and iron and steel and other base 8
metals rose in FY2017, compared to FY2016, while those for 7
6
oil seeds, fertilizer, textiles and textile articles and staple fiber
In percent
5
4
declined during the same period. 3
2
China remained the main source of import for Bangladesh in 1
0
FY2016-17. During this period 28.28 percent of the total imported
17
6
16
16
16
17
17
16
l-1
t-1
-1
r-1
-1
v-
g-
c-
n-
n-
b-
p-
ar
ay
Ju
Oc
Ap
De
No
Au
Ja
Ju
Se
Fe
commodities came from China. India was the second largest

M
source of import (13.48%) while Singapore held the third position General Food Food
(4.50%). Source: BBS.
Trends of Import Payments Exchange Rate

In order to avoid excessive volatility in the foreign exchange
45 10
40 market, Bangladesh Bank remains vigilant in its role in the
8
35 foreign exchange market by closely monitoring the exchange
In percent
Billion USD
30 6
25
4
rate movement and the buying and selling of foreign
20
15 2 exchanges for stabilizing market. Bangladesh observed
10
5 0 overall 1.09 percent depreciation of Taka against US$ in
FY2016-17 due mainly to decrease in the flow of inward
FY11
FY12
FY13
FY14
FY15
FY16
FY17
Import Growth (RHS) remittances on account of wage earner remittances and

Source: Compiled by Statistics Department, BB using data of NBR increased demand for import payments as well. The weighted
average inter-bank rate stood at Taka 79.12 per US$ in FY2016-
Overseas Employment and Remittances 17, which was Taka 68.80 per US$ in FY2007-08.
Foreign employment and remittance sent by the Bangladeshi
77
Directors’ Report
to the Shareholders
Bangladesh Economy
Economic Sustainability ‘Akti Bari Akti Khamar’ (One House One Farm), ‘Ashrayan’,
Bangladesh’s economic and social achievements are widely ‘Grihayan,’ ‘Ghora Phera’ with a view to bringing a positive
acclaimed around the world. Pragmatic policy support, along change to the lives of the poor. Moreover, the Government
with the low and stable inflation accompanied by a favorable provides allowances for widow, destitute women deserted
macroeconomic environment helped Bangladesh become a by their husbands, old-aged people and so on. The Palli
role model of sustainable finance. Government is focusing on Shanchoy Bank (Rural Savings Bank) has already been
healthy credit growth, with particular attention to adequate established with a view to encouraging rural savings and its
credit flows to agriculture, SMEs and environmentally caring utilization. The Government has already taken an initiative to
‘green’ output initiative. These schemes would make finance introduce pension system to all non-government institutions
and growth more sustainable. by 2018. In addition to this, it has been planned to finalize a
national pension scheme by 2021 to ensure social safety for
Governance processes, society, communities and ecosystems all people.
must work coherently for a sustainable economy. The whole
population of Bangladesh must be incorporated into an The Government has formulated ‘National Social Security
inclusive growth paradigm. Thus, inclusive and sustainable Strategy (NSSS)’ to reform the prevailing social security
growth and climate resilient development must encompass system with a view to making it more effective.
all aspects of Bangladesh and its development efforts.
Bangladesh’s own journey towards sustainable development
Digital Bangladesh
Its true meaning lies in proper application of technology to
in the next two to three decades offer tremendous
implement all the commitments of the government regarding
opportunities despite many challenges. Bangladesh
education, health, employment and poverty alleviation. The
aims to become a developed country in the early 2040s.
main purpose of this idea is to improve the standards of living
Sustainable development pathways through incorporation
of the people by empowering them, ensuring transparency
of SDG successes, inclusive growth and climate resilient
and accountability in all spheres of life, establishing good-
development offer the way forward.
governance and above all, bringing public services to their
Financial inclusion doorsteps through the most effective use of technology.
Under the financial inclusion program, the government In short, Digital Bangladesh is – a happy prosperous and
has been delivering the regulated financial services at enlightened Bangladesh, which is free from hunger, poverty,
affordable costs to the sections of underprivileged and low inequality and corruption and belongs completely to its
income segments of society. In order to develop sustainable people and is driven forward by digital technology.
economic structure, opportunity has been given to open
a bank account only at Tk.10 and also by offering various
Short and Medium Term Prospect of Bangladesh
services with free of cost who are excluded from the regulated
Economy
The Medium-Term Macroeconomic Framework (MTMF), 2018-
financial services such as laborers and farmers.
2020 envisaged the macro-economic and fiscal indicators
Social Safety Net Program for the budget year and the projection of two outer fiscal
The Government has been continuing the social safety years. Based on the prospects and potential risks in global
net programs in order to alleviate poverty through the and domestic economic context, GDP, under MTMF, has
improvement of socio-economic condition of the poor been projected to grow at an average rate of 7.6 percent over
and ultra-poor. The Government has adopted the life cycle short and medium term and predicted to attain a growth of
approach of social safety net. In FY2016-17 an amount of 8.0 percent in FY2019-20. Investment as percent of GDP is
Tk.40,857 crore has been allocated against social safety net expected to increase to 31.9 percent in FY2017-18 from 30.3
programs. The allocation is 12.88 percent of the budget and percent in FY2016-17. If this trend continues investment is
2.09 percent of GDP of the same fiscal year. likely to be 34.5 percent of GDP in FY2019-20, of which the
investment of private and public sectors is expected to be
Some very common social safety net programs like ensuring 25.4 percent and 9.0 percent of GDP respectively.
food security, distribution of free food, food for work and
test relief are being implemented by the Government. The The achievement of the growth targets as set in the MTMF
Government has also implemented some project such as is contingent upon the success of certain reform programs

Directors’ Report
to the Shareholders
Business Performance Review
of the Government. Enhancement of productivity with desired growth, the share of industry in GDP is expected to
particular attention on education, health, Information and increase gradually.
Communication Technology (ICT) and development of
physical infrastructures like power, energy, communication, FINANCIAL POSITION
transportation in a coordinated way are very important in Authorized Capital and Paid -up Capital
this context. The Government has been implementing a wide At present Autorised Capital of Agrani Bank Limited is BDT
range of activities in this regard, particularly to encourage 2,500 crore and Paid -Up Capital is BDT 2072 crore.
private investment by reducing infrastructure constraints
Shareholders’ Equity
and creating ample opportunities for them. Though all the
three broad sectors of the economy- agriculture, industry and Shareholders’ equity increased 11% from a year ago to
service sector are likely to contribute equally in attaining the Tk.4,073 crore as at 31 December 2017.
Asset Portfolio
The year-end asset portfolio scenarios of the Bank in 2016 and 2017 are appended below:
Taka in crore
Cash in hand and
Particulars of Assets 2017 2016 with other Other Assets 4943.01
banks & FIs
11,623.66
Loans and Advances 31,911.86 26,587.11
Investments 17,087.61 22,753.51 Money at

call and
short notice Asset
Fixed Assets 1,556.07 1,577.73 270.00 Portfolio
Loans and
Advances
2017 31,911.86
Money at call and short notice 270.00 89.00
Fixed Assets
Cash in hand and with other banks & FIs 11,623.66 6,356.02 1556.07
Other Assets 4,943.01 4,993.18

Investments
Total 67,392.21 62,356.75 17,087.61
Funding Structure
The year-end funding structures of the Bank in 2017 and 2016 are given below:
Taka in Crore
Sources of Fund 2017 2016
1.92% 0.10% 0.18% 0.29%
Deposits 53,034.97 49,405.01
1.37%
Paid-up-Capital 2,072.29 2,072.29 Deposits
3.63%
Statutory Reserve 779.55 585.94 Paid-up-Capital
Revaluation & Amortization Statutory Reserve

165.91 428.05
Reserve in Govt. Securities Revaluation & Amortization
Funding Reserve in Govt. Securities
Assets Revaluation Reserve 1,099.21 1,100.66 Structure
2017 Assets Revaluation Reserve
General Reserve 59.71 57.70
General Reserve
Retained Surplus from Profit and Retained Surplus from Profit
(103.21) (586.96)
Loss Account 92.87 and Loss Account
Total 57,108.43 53,062.69
79
Directors’ Report
to the Shareholders
BUSINESS PERFORMANCE International Trade

The commendable share of foreign exchange business within
Deposits the country is made through 40 Authorized Dealer branches of
The Bank achieved a remarkable growth in deposit ABL. The Bank plays important role in country’s economy by
mobilization. In 2017 deposit of the Bank was Tk. 53,034.97 operating 35 Nostro Accounts with prominent foreign banks in
crore compared to Tk. 49,405.01 crore at the end of previous
other country/countries
year . The growth of deposit was 7.35 percent against industry
growth of 5.5% i.e. 1.85% higher than the industry growth. To
reduce the cost of fund gradually, the Bank, therefore, decided 25000
to mobilize low cost and no cost deposit.

20000
Fixed Deposits Bills Payable
24,364.96 559.13 15000
24,364.96
23,692.19
10000
16,104.33
10,775.16
14,302.32
12,006.55
Deposit
635.34
559.13
5000
Mix
Current & other 0

Deposits Current & other Savings Bank Fixed Deposits Bills Payable
12,006.55 Deposits Deposits
through which transactions relating to Export receipts, Import

Savings Bank Deposits
16,104.33 payments, Inward and Outward remittances are settled as
well as earn valuable foreign currencies. Now, this Bank has
Asset Quality become a symbol of confidence of the customers.
The Bank maintained quality of asset and this is one of the Apart from this, a separate off-shore banking unit (OBU)
strong areas of its operation. The Bank did not compromise has been established. OBU of ABL located at EPZ Corporate
with its standard of excellence in terms of maintaining Branch, Chittagong and successfully functioning as a separate
asset quality while extending credit facilities. In order to entity. The main function of this Unit is borrowing and lending
improve the quality of our assets, the Bank Management has foreign currency both in short term and long term as well as
prioritised financing in trade and commerce by providing providing International banking services. Total financing of
working capital. Moreover, some pragmatic steps have been OBU increased very significantly in the year 2017 compared
taken to reduce non-performing loans as well as to prevent to the year 2016. In the year 2017 total financing from OBU
new classification thereof. in the form of Buyer’s Credit against UPAS L/Cs of different
A pleasant moment of Annual Conference 2018 at Hotel Le Meridian, Dhaka.

Directors’ Report
to the Shareholders
AD branches increased to USD 33.04 million from USD 13.66 Future Plans of the Bank for increasing
million in 2016. The major imported item through UPAS L/C International Trade
was machineries and industrial raw materials. 1) To establish RMA with foreign banks as per requirement
of the importers and exporters in our country.
Import Business 2) Capacity building of existing officers as well as newly
The foreign exchange market was relatively stable throughout
assigned officers in the field of foreign exchange through
the year. In the year 2017 total import of Bangladesh
arranging sufficient training & workshop to meet the
increased by 9.0 percent and stood at USD 47,005 Million as demand of foreign exchange business.
compared to total import USD 43,122 million in the year 2016.
3) To facilitate prompt service regarding export and import
Total Import of ABL in 2017 was BDT 13266.61 crore which
related service to our valued customers.
is 3.52 percent of total import of Bangladesh. The major
4) To establish new entrepreneur for export and import
imported item through ABL was petroleum & petro-products,
business and extending co-operation to them by
industrial raw materials, capital machineries, machineries for
financing and professional counseling.
misc. industry, raw cotton, chemical, food grains, medicine,
milk and cream, spices, pulses, sugar, POL, plastic and rubber 5) To fulfill the demand of existing importer and exporter
articles etc. for further increase the import and export business.
6) Number of authorized dealer branch of the bank has to
Export Business be increased gradually by identifying actual demand of
In the year 2017 total export of Bangladesh increased by 1.69 new exporter and importer located in different regions in
percent and stood at USD 34,835 million as compared to total our country.
Export USD 34,257 million in the year 2016. Total export of
Foreign Remittance Business
ABL in 2017 was BDT 7,059 crore which is 2.53 percent of total
Inward foreign remittance plays a pivotal role in our national
export of Bangladesh. The major exported item through ABL
economy. Agrani Bank Limited is committed to disburse
was knitwear and woven garments, tea, raw jute, jute goods,
the hard earned money of our expatriates to their kith
footwear, leather goods, frozen foods, leather and handicraft & kin in a time effective way. Professional attitude, time
products, engineering products, plastic products, cotton and bound payment facility & technological support in foreign
cotton products, chemical products etc. remittance business make our bank first among the state
Taka in Crore owned banks and second among all banks in Bangladeshi
market for consecutive six years. Updated technology, on-line
Year
Types of Business remittance management system & spot cash remittance
2017 2016
facility are playing key role to our remittance flow. To keep it
Import 13,266.61 10,152.88 up, attention has been given on specialized customer service
Export 7,059 7,396.97 & techno based distribution system.
Ways to overcome the barriers of Import & Export

business by Agrani Bank Limited
ABL monitors and operates foreign exchange business
through all AD branches following guidelines of Bangladesh
Bank, existing export policy, import policy and other rules
and regulations imposed by the Government in time to
time. It is an on going process of ABL to resolve problems in
export/import within the existing policy and guidelines, in
exchanging views with exporters/importers of bank.
An auspicious event of Remittance Drawing Agreement Signing Ceremony.
81
Directors’ Report
to the Shareholders
Remittance Scenario of Bangladesh from 2013 to 2017
Million USD Remittance Scenario of Bangladesh (Million USD)
Total National Foreign In 11.73 11.28 11.09 11.29

Year ABL’s share Percentage 9.70
Remittance ( %) 14,807.86 15,316.94
13,831.65 13,603.98 13,538.32
2013 13,831.65 1,622.58 11.73
2014 14,807.86 1,670.40 11.28
2015 15,316.94 1,699.25 11.09

1,622.58 1,670.40 1,699.25 1,535.26 1,313.77
2016 13,603.98 1,535.26 11.29
2013 2014 2015 2016 2017
2017 13,538.32 1,313.77 10.00 National Remittance ABL’s share ABL Share in %
Achievement of Foreign Remittance in 2017

Agrani Bank Limited is relentless to keep the momentum of
Foreign Remittance (BDT in Crore)
remittance collection. In line with our expansion policy our
subsidiary, Agrani Remittance House Sdn. Bhd. Malaysia’s 12,657 12,980 13,204
12,022
branches number stood up to 6 after commencing operation
10,605
of a new branch. Saudi Investment Bank (SAIB) tied up &
started operation with us in 2017. In the year we have been
able to add more feathers to our cap by tying up with 3 more
exchange houses and these are Aman Exchange & Joyalukkas
Exchange of Kuwait and Alwaneh Exchange of Jordan. Agrani
Bank Limited with its different exchange houses sponsored
promotional programme during festival to motivate our
2013 2014 2015 2016 2017
remitter to send the money through legal channel.
Bankwise Remittance Statement (2015-2017)

Million USD
Year 8000
Name of Bank
7645.08
2015 2016 2017 7000

6420.50
6000
IBBL 3,883.29 3,234.14 2,645.75
5000
Agrani Bank Limited 1,699.25 1,535.26 1,313.77 4000

3234.14
2645.75
3000
Sonali Bank Limited 1,458.46 1,225.62 1,055.38 2000
1535.26
1313.77
1225.62
1188.46
1055.38
Janata Bank Limited 1,302.01 1,188.46 878.34 1000

878.34
Others Bank 6,973.93 6,420.50 7,645.08 2016 IBBL ABL SBL JBL Others
2017 IBBL ABL SBL JBL Others
Total 15,316.94 13,603.98 13,538.32

Directors’ Report
to the Shareholders
Outlook 2018
n We shall conduct workshops n Meantime we have taken or representative. In these
in our Circle offices to motivate initiative to set up our own countries we shall undertake
our officials to provide service to remittance house in the KSA. marketing program jointly with
the customers. The remittance our correspondents working over
n We have already tied up with
officers and branch managers there.
NEC Money UK and Placid NK
will participate in the day long
Corporation USA and just waiting n In the eve of Holy Ramadan,
workshop.
for kicking off the operation. Eid-ul-Fitr & Eid-Ul Adha, we will
n Beside this we are trying to undertake different promotional
n In the pipeline we have another
reach different new locations program to increase the
renowned company ‘’ Pay Pal
where we do not have footprint remittance flow through Agrani
Inc. USA’’ to make our partner.
such as South Korea, Brunei, Bank Limited.
In the USA, UK & Middle East
and Mauritius for remittance
Agrani Bank Ltd. does not
collection.
have own exchange house
Treasury Operation
The objective of the treasury is to manage the liquidity of the bank i.e. all current and projected cash inflow and outflow must
be monitored to ensure that there is sufficient cash for funding bank’s day to day operations as well as excess cash is properly
invested to ensure optimization of income.
Itemwise Income of Treasury To accomplish this objective, Agrani Bank
Taka in Crore Limited has a vibrant treasury team having a
Items 2017 2016 good combination of young and experienced
personnel. The treasury of the bank is the major
1 Sale of securities 250.43 219.89
player in the interbank money market and
2 Sale of shares 32.86 0.33 foreign exchange market. The treasury team
3 Interest on debenture - 1.33 performed well in 2017 through formulation of
4 Discount on Treasury Bills & Bonds 381.63 423.58 proper strategies and sound market forecasting
which was burdened with surplus liquidity
a) Discount on Treasury Bills 271.97 314.91
in money market caused mainly by bearish
b) Discount on Bangladesh Bank Bills & bonds 109.66 108.67 demand of credit throughout the year. In
5 Interest on Treasury Bonds 628.36 717.64 accordance with the international standard,
a) Interest on 2, 5, 10, 15 & 20 years Treasury Bonds 455.80 510.09 best practices and guidelines of the Central
b) Other Govt. Bonds 172.56 207.55
Bank for Core Risk Management Policy, our total
treasury operations are an outcome of all the
6 Dividend warrant 82.11 117.47
activities of four units, namely: Money Market,
7 Interest on Subordinated Bonds 80.12 67.27 FX Market, Asset Liability Management (ALM)
8 Interest on Reverse Repo 13.23 13.67 Desk and Fixed Income Desk/Investment Desk.
9 Commercial Paper 0.18 -
Total 1468.92 1561.18
83
Directors’ Report
to the Shareholders
Primary Dealership an important role by purchasing Government Treasury Bill &

Agrani Bank Limited is the founder member of Primary Bond from primary auction for supporting budgetary deficit
Dealers Bangladesh Limited (PDBL). PDBL had started its financing of the government. The bank is also working to
journey in the year 2007 with 9 banks and 3 NBFIs. From the develop a vibrant secondary market for government securities
very first day, as a member of PDBL the Bank has been playing by trading the securities in the secondary market.
Taka in crore
Type of Trading Type of Securities 2017 2016

Treasury Bills 13,567.71 17,622.06
Purchase from Primary Auction Treasury Bonds - -
Total 13,567.71 -
Treasury Bills 17.00 -
Trading in Secondary Market Treasury Bonds 240.13 32.13
Total 257.13 32.13
Investment Requirement (SLR) as fixed by Bangladesh Bank vide BRPD

The investment portfolio of the Bank at the end of the year circular no. 11 dated 25 August 2005 and circular no. 12 dated
2017 stood at Tk 1,709 crore as against Tk. 2,275 crore in 25 August 2005. The portfolio of investment of the Bank as on
the previous year. The Bank has always given emphasis on 31 December 2017 is shown below:
high yielding investments and maintains Statutory Liquidity
Taka in crore
Year
Types of Securities
2017 2016
SLR Securities
Treasury Bills 6,924.91 12,551.82
Government Treasury Bonds 5,777.82 7,336.20
Securities Reverse REPO 931.42 128.82
Sub-Total (A) 13,634.15 20,016.84
Shares 63.06 63.06
Non-Government Securities
Sub-Total (B) 63.06 63.06
(i) Total (A+B) 13,697.21 20,079.90
Non SLR Securities

Treasury Bonds 927,40 229.87
Government
Prize Bonds 0.91 0.88
Securities
Sub-Total (C) 928.31 230.75
Other Bonds 1,049.00 587.19
Commercial Papers 20.00 -
Non-Government Securities
Shares 1,393.09 1,855.67
Sub-Total (D) 2,462.09 2,442.86
(ii) Total (C+D) 3,390.40 2,673.61
(iii) G. Total (i+ii) 17,087.61 22,753.51

Directors’ Report
to the Shareholders
Loans and Advances ship building, ship breaking, steel & engineering, paper &
The total loans and advances as on 31 December 2017 was paper products, chemicals, construction, real estate and
Tk. 31,911.86 crore as against Tk.26,587.11 crore at the end loans under consumers’ credit schemes, various trading
of previous year. The advance portfolio of the Bank is well businesses, women entrepreneurs loan and Agrani Bidesh
diversified and covers funding to a wide spectrum of business Jawar Loan.
and industries including agro-based and agro-processing,
Taka in crore
Sector-wise Loans 2017 2016
Agriculture and Fishery 1,480.17 1,331.02
Jute and Jute goods 970.11 960.17
Transport, Storage & Communication 375.86 370.72
Ship Breaking 97.54 147.78 Sector
wise
Textile & Readymade Garments 3,102.67 2,604.25 Loans
Food and Allied Industry 471.21 471.41
Construction & Engineering 1,087.84 552.22
Pharmaceuticals & Chemicals 143.82 214. 77
Leather 451.74 399.31
Agriculture and Fishery 1480.17 Leather 451.74
Power & Energy 819.41 748.68 Jute and Jute goods 970.11 Power & Energy 819.41
Professional and Services 202.89 102.49 Transport, Storage & Communication 375.86 Professional and Services 202.89
Ship Breaking 97.54 Housing 946.04
Housing 946.04 816.47
Textile & Readymade Garments 3102.67 Wholesale/ Retail Trading 7610.03
Wholesale/ Retail Trading 7,610.03 3,728.69 Food and Allied Industry 471.21 Staff Loan 4821.95
Staff Loan 4,821.95 3,995.74 Construction & Engineering 1087.84 Others 9330.58
Pharmaceuticals & Chemicals 143.82
Others 9,330.58 10,143.39
Total 31,911.86 26,587.11
An exterior view of Aristocrat Agro, an agro-based industry, financed by ABL.
85
Directors’ Report
to the Shareholders
Industrial Credit
Agrani Bank Limited, as one of the state-owned commercial banks, plays important role in implementing Govt’s rapid industrial
policy for the overall development of the country. It extends term loan as well as working capital loan facilities almost in all
sectors of industrialization both individually and jointly with other government and private banks and financial institutions
under consortium/ syndication arrangement. Credit facilities are made available not only in establishing new projects but also
in BMRE of existing projects. A total sum of Tk.9608.77crore has been disbursed against a sanctioned amount of Tk.11019.16
crore in 834 projects up to December 2017, the outstanding of which stands at 8747.87crore.
The comparative study of project loans between 2017 and 2016 is as follows:
Taka in Crore
Loan Sanctioned Loan Disbursed
Year Outstanding
No. Amount No. Amount
2017 834 11,019.16 791 9,608.77 8,747.87
2016 900 8,683.49 896 8,464.87 7,566.88
Agrani Bank Limited sanctioned loans in different sectors

• Textiles (Spinning, Weaving, • Power Plant Credit Lines
Dyeing, Knitting, Finishing) • Plastic and Rubber Apart from own source, ABL utilizes fund
received from the following credit lines:
• Export-Oriented Garments • Cement
Industry • Ceramic IDA Credit
• Dairy and Poultry • Paper and Board Mills
Exim Bank Credit
• Land Developer • Tanneries
• Leasing • Printing and Packaging ADB Credit
• Fisheries • Engineering OPEC Credit

• Bread and Biscuit • Electrical and Electronics
Industrial Development Bond Fund
• Rice and Flour Mills • Computer
• Ice Mills • Food and Allied BSCIC Consortium
• Forest and Allied • Chemicals BSCIC Sub-contracting

• Pharmaceuticals • Hospitals and Clinics
BSCIC Special Credit
• Transportation • Salt
• Auto Bricks/Environment • Telecommunication Light Engineering Credit (BSCIC)
friendly Bricks • Filling Station Credit Guarantee Scheme

• Hotel • Glass and Glassware
• Education and Poverty • Commercial Building and
Alleviation Shopping Mall
• Small and Cottage Industries

Directors’ Report
to the Shareholders
Loan to Power Sector

In the recent years Power Sector is
treated as the priority sector of the
country. This Bank has been playing
a significant role in financing to this
sector. Up to December 2017, the Bank
has sanctioned a total of Tk.1920.21
crore in 10 projects generating more
or less 621 MW electricity per day all of
which are duly linked with the national
grid of the country and more than 208
MW electricity will be supplied per day
to national grid from another 2 project.
An aerial view of a power plant of PowerPac-Mutiara financed by ABL.
Loan to Health Sector

Individual’s sound health is mandatory
for the overall development of the
country. Sound health refreshes both
body and mind together and thereby
instigates motivation in daily work.
Hence, to spread the medical services
to the doorsteps of mass people of
the country, the bank has disbursed
a total of Tk.291.21 crore so far as to
14 hospitals, clinics, pharmacy and
pharmaceuticals, the outstanding of
which is Tk.191.50 crore at the end of
the year.
An interior view of a pharmaceutical industry financed by the Bank.
Syndication Financing
ABL has been playing an important
role in implementing large project
under syndication financing. Since
2005 the Bank has financed Tk.2674.27
crore against 82 projects up to
December 2017 as the member bank
as well as lead arranger of syndication/
consortium, the outstanding of which is
Tk.1227.36 crore at the end of the year.
Agreement signing between Bashundhara Group and ABL as a lead arranger of

syndication finance.
87
Directors’ Report
to the Shareholders
SME Financing of ABL synthetic shop, shop of spare parts, rods and cement,
SME is a more valuable sector in the present developing furniture, agro-business and other income generating and
world. This sector is labor intensive with short gestation socially acceptable business.
period. It is treated as income generating machine and
Industry sectors
driving force of industrialization. The countries like China,
Cotton industry, jute industry, garments, rice mill, plastic
Japan, Hongkong, Taiwan, Thailand, Malaysia and India have
industry, saw mill, light engineering, agro processing, feed
developed their national economy through the development mill, furniture industry and other socially acceptable and eco-
of SME. So, the people’s republic of Bangladesh Government friendly business.
has been given more emphasis on SMEs considering as a
priority sector. Bangladesh Bank has been taken various Sector wise disbursement and outstanding SME in 2017:
initiatives for the expansion of SME as a priority sector. As
Taka in Crore
a development partner, Agrani Bank Limited has also been
operating various loan activities for the development of SME Sectors of SME financing Disbursement Outstanding
sector. Service sectors 146.50 330.72
Business sectors 2,624.81 3,775.36
Sectors of SME Financing
Industrial sectors 526.88 1,550.08
Service sectors
Total 3,298.19 5,656.16
Hotel, restaurant, tailoring, laundry, hospital, clinic,
kindergarden, block and printing, tractor, power tiller,
irrigation equipment etc.
Growth of Agrani Bank Limited in SME sectors in 2017
Business sectors
compared to 2016 is given below:
Grocery shop, cloth shop, medicine shop, plastic and
Taka in Crore
Disbursement Outstanding
Year Recovery
Number Amount Number Amount
2016 22,522 2,620.49 2,565.33 88,857 4,418.51
2017 34,315 3,298.19 1,919.41 93,804 5,656.16
ABL’s Contribution in Developing SME Sector

After starting SME financing, Agrani Bank Limited has been
taking various steps such as establishment of separate SME
Credit Division, adopting SME financing activities according
to Bangladesh Bank’s guidelines, operating SME financing
activities through all branches, allocating sufficient budget
for SME loan disbursement, zone & cluster wise SME loan
disbursement, establishing SME Help Desk & Women
Entrepreneur Dedicated Desk in all branches, establishing
SME Monitoring Cell & Women Entrepreneur Development
Unit in all zonal offices & Corporate branches, SME Monitoring
Committee established by the chief of committee(DMD) And
SME Monitoring Cell established by the chief of committee
GM(Credit), introducing separate loan activities for women
entrepreneurs, vivid participation in different SME fairs & other
A sewing work shop financed by ABL.
promotional efforts etc. As a result the bank has achieved a
superior position.

Directors’ Report
to the Shareholders
Position of SME loan up to December 2017

Taka in crore
Disbursement upto Outstanding amount as
Disbursement Dec. 2017 % of on Dec. 2017
Nature of loan Classified loans
Target 2017 Disbursement
Number Amount Number Amount
Cottage Enterprises 12.00 441 6.58 55% 0.08 170 2.33
Micro Enterprises 138.00 9090 421.58 305% 20.63 42,842 710.88
Small Enterprises 1,967.94 24,214 2,410.42 122% 597.63 50,302 3,451.12
Medium Enterprises 1,114.86 570 459.61 41% 465.83 490 1491.83
Total 3,232.80 34,315 3,298.19 102% 1,084.17 93,804 5,656.16
SME Financing along with National and International Organisation

NGO Linkage program of ABL reserved for women Entrepreneurs. Everyone will be informed
Agrani Bank Limited is a pioneer bank in expanding credit through circular/letter to implement all instructions of
activities through the capable NGOs. The bank has engaged Bangladesh Bank, various SME products of Agrani Bank
different NGOs for expanding the SME credit services. Any Limited will be displayed in various fairs & the bank will be
potential NGO can avail the credit facilities from this bank participated in various seminar/conference. Special attention
complying existing rules and regulations. will be given to increase financing in environment friendly,
agro based & agro processing industries, labor intensive
Foreign Aided Credit Programs of ABL & production oriented enterprise, production of import
The Agrani Bank Limited has been utilizing its own fund and substitute commodities, export oriented enterprises, creative
the foreign fund for credit operation. The credit programs new enterprises, IT & technology related enterprises. Beside
namely EGPRP and MSFSCIP (Kurigram) are being successfully this, necessary steps will be taken time to time to gear up
operated by the bank under the financial assistance of IFAD. overall SME activities so that performance of Agrani Bank
Under the program EGPRP, the Bank has been extending Limited will be pioneer to all in developing SMEs.
credits to the people through its 190 branches. Agrani Bank
Limited has disbursed TK 20.01 crore under EGPRP program & Agriculture and Rural Credit
TK 0.19crore under MSFSCI program upto December 2017. Agrani Bank limited is one of the State Owned Commercial
Banks. It plays an important role in the progress of economic
development of Bangladesh. It finances with priority sectors
SME Vision-2018 in line with the Governments overall development policy so
The Government of People’s Republic of Bangladesh that country becomes a middle income country in 2021. This
formulated policy strategies for developing SME through bank has been financing since 1977 through agriculture and
industrial policy 2010 providing guidelines for SME rural credit program including agriculture, livestock,fishery
development. As a development partner of the Government and various productive and income generating activities.
the Agrani Bank Limited has a wide vision for the year 2018. The bank is playing vital role through engaging the rural poor
Under the vision, the SME credit should be extended to close people in various productive and income generating activities
to the door of people. Agrani Bank Limited continuously for the overall development of their social and economical
working to build up free from hunger & poverty of the society condition. Loan amount to Tk 5,000-1,00,000 at only 9%
as per present Government commitment. In this purpose interest is targeted to disburse amongst rural landless,
Agrani Bank Limited has disbursed 3298.19crore ( Three marginal farmers, small entrepreneurs and distressed
thousand two hundred ninety eight crore and Nineteen lac women. No collateral security is required for loan upto Taka
only) taka on behalf of Cottage, Micro, Small and medium 1,00,000 on certain agriculture/rural credit sector. So far the
industry/Enterprise in the year 2017. In the year 2018 TK. beneficiaries under the various programs implemented by
3879.36crore(Three thousand eight hundred seventy nine the Rural Credit Division includes 3951098 persons of different
crore thirty six lac only) has been assigned as SME loan sector and the amount involve is Tk. 5470.89 Crore up to
disbursement target. In this target TK. 387.94crore (Three December 2017.
hundred eighty seven crore and ninety four lac only) is
89
Directors’ Report
to the Shareholders
In the financial year 2017-2018 disbursement target of

Credit Project/Progam agriculture and rural credit of Agrani Bank Limited is Taka
Crop Loan Program, Crop 660.00 crore . Taka 326.98 crore has disbursed to agriculture
Agro Diversification Program, Swanirvar and rural credit up to December/17 and total outstanding is
Credit Program, Rural Finance Taka 1440.17 crore as on 31 December 2017.
Project (RFP) Bangladesh Bank has set up the disbursement target of
agriculture and rural credit Taka 20400.00 crore for all banks
Shrimp Culture Program (General). in the financial year 2017-18 . In line with Bangladesh Bank
target, the disbursement target of agriculture and rural credit
Fisheries Financing Program (Pond).
of Agrani Bank Limited is Taka 660.00 crore in the financial
Fisheries Credit for Fish Cultivation with in
year 2017-18. This is circulated to all respective branches.
Case, Fisheries, Semi-intensive Rural Credit Division is monitoring regularly for achieving the
Shrimp Culture Program. annual target at 100 % level. If any zone fails to achieve the
disbursement target at the acceptable level, then officials of
Rural Credit Division make regular visit to respective zone.
During visiting hours, they make regular conversation with
Credit Program for Irrigation
zonal heads & branch managers and give them necessary
Machinery Equipment, Agricultural Equipment recommendation.
Credit, Tractor, Powertiller Purchase
Fish Hatchery and Nursery Project,

Nursery Poultry Hatchery and Nursery
Project, Integrated Farms Project.
Credit for Betel Leaf Cultivation

Project, Credit for Purchase of Cow,
Others Credit for Beef Fattening Program,
Credit for Bull & Buffalo Purchase
Crop harvesting happiness smiles on a farmer’s face. ABL is
Program etc. always close to farmers.
Taka in crore
Sl. 2017 2016
Sector
No Target Disbursement Target Disbursement
1 Crops 430.00 409.30 430.00 398.73
2 Fisheries 40.00 14.29 40.00 34.92
3 Livestock 66.00 47.29 70.00 58.54
4 Poverty Alleviation 101.00 143.83 91.00 87.37
5 Others 23.00 21.37 29.00 20.55
Total 660.00 636.08 660.00 600.11

Directors’ Report
to the Shareholders
workers have to mobilize the cost of going abroad by either

selling their property or borrowing money from NGOs or local
moneylenders at high rates of interest. ABL has launched the
project named “Agrani Loan for Overseas Worker (ALOW)”
Crops 409.30 for providing cheaper institutional loan to the people who
intend to go abroad for jobs. The Bank has provided close
Fisheries 14.29
Agriculture &
support to them by lending money from the very beginning
Rural Credit Livestock 47.29 to meet all requirements inclusive of obtaining their passport,
2017
Poverty Alleviation 143.83 training, visa, medical tests and air-ticket. Approximately 6
crore taka has been disbursed up to December 2017 through
Others 21.37
91 branches across the country under this Project. Moreover,
Agrani Bank Limited launched another project named “Agrani
Overseas Education Loan (AOEL)” for the benefit of citizens
who intend to go abroad for study. Approximate 55 lac taka
Agrani Overseas Loan Project has been disbursed up to December through 16 branches
Remittances sent by migrant workers have been playing an under this project.
increasingly significant role in the economic growth and
livelihoods of the people of Bangladesh. The remitted funds Future Plan of the Project
contribute critically to our national economy by increasing Bangladesh is rapidly moving ahead towards development.
the foreign exchange reserve, per capita income and As part of this voyage, many brilliant students from deprived
employment opportunities. Nearly one crore Bangladeshi families can be given the chance to have admission for higher
citizens live in foreign countries. In the year 2017 almost 10 studies in universities abroad. It is planned to lend them an
lac people go abroad for employment. Last year the amount additional 3 to 5 lac taka for studying in foreign countries.
of remittance sent by them is approximately 1 Lac crore taka. Moreover, skilled migrant workers will also be eligible to avail
As a result, Bangladesh does not require foreign assistance of this loan in the near future.
to meet its foreign currency needs. Most of our migrant
Disbursement and Recovery of Overseas Loans
Agrani Loan for Agrani Overseas

Particulars
Overseas Worker Education Loan
Total number of loans disbursed 240 16
Total loan disbursed amount 6,03,40,300.00 55,50,000.00
Total recovery amount 2,60,15,035.00 18,14,852.00
Total number of branches
91 16
that have disbursed loans
Rate of interest 9.00% 9.00%
Non Performing Loan (NPL) Management Expatriate workers queue in Airport.

Though Non Performing Loan (NPL) was looming large
was BDT1,875 crore which is ever highest in the history of
throughout the year in the banking industry, the Bank has been
Agrani Bank. In case of recovery of classified loan, the growth
able to pull down the amount of NPL from BDT 6,800 crore to rate remained strong at 97% in 2017
BDT 5,569 crore. NPL stood at 17.45% of gross loan which was
25.59% in 2016 i.e. NPL decreased by 8.14% in 2017. Loan Recovery Activities 2017
It was possible to reduce the amount of NPL through cash To bring down the amount of classified and written off loan
recovery of BDT 576 crore, regularization of BDT 1,288 crore of the Bank to a logical level, financial incentives have been
and writing off BDT 11 crore. 2017 was a momentous year for provided for the greater motivation of the executives and
us in terms of NPL recovery. Total recovery of classified loan officers and separate committees, including executives and
91
Directors’ Report
to the Shareholders
officers, were formed. The result is the significant decrease of and advances. On the other hand in the year 2017 total loans
classified loan. and advances(including staff loan) was Tk.31911.86 crore.
Against this,the amount of classified loan was Tk.5115.78
Comparative Position of Loan Recovery in 2017 &
crore. i.e. 16.03% of total loans and advances.In the year 2017
2016
recovery of classified loans was Tk.1874.60 crore (against the
Total loans and advances (including staff loan) on 31-12-
yearly target of Tk 3000.00 crore) which was 62.49% of yearly
2016 stood at Tk. 27587.11 crore. Against this, the amount of
recovery target of Tk.3000.00 crore.
classified loans was Tk. 6804.49 Crore,i.e. 25.59% of total loans
Comparative Recovery Position of Classified and Overdue Loans in 2016 and 2017:
2017 2016
Cash Regulariza- Total increace/ Cash Regulariza- Total increace/

Category Write-off Write-off
recovery tion recovery decrease recovery tion recovery decrease
Classified 576.04 1,287.80 10.76 1,874.60 921.02 379.23 540.03 34.32 953.58 (139.21)
Overdue 239.87 42.78 0.00 282.65 (94.93) 323.78 53.80 0.00 377.58 (21.05)
Total 815.91 1,330.58 10.76 2,157.25 826.09 703.01 593.83 34.32 1,331.16 (118.16)
Loan Recovery Plan 2018 Branch Expansion

Recovery target for all the circles and corporate branches was The total number of Bank’s branches stands at 941 at December
fixed at the begining of the year by Head Office. Follow up of 2017 which was 935 in 2016. It has been planned to open more
recovery target achievement is going on in every month by branches in all upazillas as well as all commercially important
Recovery and NPA Management Division. Besides, a circular places of the country in the coming years so that the Bank can
has been issued which pertains to the recovery strategy of reach its service to the wider group of clients all over the country.
classified and written off loan for the year 2018.
Financial Performance
Inter-Branch Reconciliation Total Operating Income
Accounts with regard to inter branches are reconciled Total income increased by 13% to 2,353 crore, led by new high
regularly. Reconciliation Division has strengthen its efforts in net interest income . Net interest margin increased mainly
to reduce unreconciled entries. With this motto, intensive attributed to higher yields from interbank and non banking
monitoring both at the field and head office level has been financial institution balances, a function of both our measured
carried out. Different task force has been set up inside the efforts in deploying excess funds into higher-yielding assets and a
bank for effective follow up to reduce unreconciled entries. rising interest rate environment.
On the other hand, the division has remarkable roles in terms
of automation using computer technology having web based Total Operating Expenditure
software along with online reconciliation software which The Bank’s total operating expenditure was Tk 1,539.98 crore
is capable of making inter branch transactions reconciled in 2017 as against Tk 1,524.56 crore in 2016 which indicates an
and preparing necessary statements since May, 2013. The increase of Tk. 15.42 crore (i.e. 1 percent higher) over the last
Bank management has taken proper steps to reconcile the year. This is mainly due to the increase of staff salary in line
unadjusted amount as early as possible. with the government policy and recruitment of new officers.
Help Desk Net Interest Income

Agrani Bank Limited provides all time help desk service to Net interest income rose 424% to Tk. 435 crore from a year
all of its online branches. In addition to that, help desk is ago on the back of higher net interest margin and healthy
prevailing in every branches. Any problem of the customer is loan growth of 20%. Net interest margin increased mainly
being primarily resolved by the help desk. attributed to higher yields from interbank and non banking

Directors’ Report
to the Shareholders
financial institution balances, a function of both our measured Operating profit stood at Tk.813 crore that means the bank
efforts in deploying excess funds into higher-yielding assets registered a big high of 46% growth.
and largely on the back of reduction of classified loan and
Appropriation of Profit
healthy loan growth.
During 2017, Bank earned Tk. 679.97 crore before provision and tax
Operating Profit which has been appropriated in the following manner:
Taka in crore
Particulars 2017 2016 4% -2%
14%
Profit/(Loss) before provision & tax 679.97 422.13
-12%
-10% 7%
Provision for loans and advances (504.20) 816.57
-10% 13%
Other provision 11%
216.12 356.61 2%
(Including incentive bonus)
6%
Total provision (288.08) 1173.18 14%
-11% 5%
Net profit/(loss) before tax 968.05 (751.05) -1%

-5% 19%
4% 6%
Current tax 268.28 232.30 6% -12%
Deferred tax 23.84 (286.34) 0%

2016
6%
20%
Total provision for tax 292.12 (54.04) 2017
Net profit/(loss) after tax 675.93 (697.01) Profit/(Loss) before provision & tax
Deferred Tax
Add: Retained surplus from the Provision for Loans and Advances
Total Provision for Tax
(585.53) 110.05 Other Provision (Including Incentive Bonus)
previous year Total Provision
Net Profit/(Loss) after tax
Add: Retained Surplus from the Previsous Year
Net Profit/(Loss) before tax
Available for appropration 193.61 (586.96) Current Tax
Available for Appropriation
Retained Surplus
Retained surplus (103.21) (586.96)
Capital Adequacy Ratio

All scheduled banks need to maintain adequate capital as
Islami Banking Unit
per provisions of Section 13(2) of the Banking Companies
Act 1991 and BRPD circular 18 dated 21 December 2014 As per circular no BRPD (p-3) 745(3)/2009-2567 dated
issued by Bangladesh Bank to operate the banking activities 22.7.2009 of Banking Regulation and Policy Department,
Head Office, Bangladesh Bank, operation of Islami Banking
smoothly. The Bank maintained total capital of Tk. 3,448.26
activities was approved in 5 different branches of Agrani Bank
crore against requirement of Tk. 3,367.88 crore (Tk. 400 crore
Limited upon setting up a separate entry door and counter
or 10.00 percent of total risk weighted assets of Tk. 33,678.81
under a separate book of accounts. Accordingly, the Board
crore whichever is higher) on 31-12-2017. Thus the Bank was of Directors of the bank also approved operation of Islami
able to maintain capital surplus of Tk. 80.38 crore on 31-12- Banking in its 152nd meeting vide memorandum no 39/10 held
2017 which was Tk. 7.29 crore as on 31-12-2016. Moreover, on January 15, 2010. Among the state owned commercial
minimum capital requirement of the Bank was 10.24 percent banks Agrani Bank Limited first inaugurated shariah-based
as on 31-12-2017 which was 10.03 percent as on 31-12-2016. islami banking activities in its five branches.
93
Directors’ Report
to the Shareholders
Achievement of Islami Banking in last 5 years

Taka in crore
Year Deposit Accounts Total Deposit Investment Accounts Total Investment Profit
2013 3082 323.82 433 54.85 8.47
2014 3646 216.02 468 57.53 10.84
2015 4026 207.21 492 58.51 4.27
2016 4450 98.79 579 76.15 5.19
2017 4683 112.71 696 108.67 9.52
Future Planning of Islami Banking Operation in USD from which accounts are prepared according to
Islami banking activities of Agrani Bank Limited has already the Bank Companies Act, 1991, Bangladesh Accounting
passed its successful 8 years’ journey though it faced Standards, Bangladesh Financial Reporting Standard (BFRS)
many obstacles initially. All the concerned highly praised and other applicable directives issued by Bangladesh Bank,
its activities in terms of deposit collection, investment in particular, Banking Regulations and Policy Department
disbursement and profit earning having started with only (BRPD) Circular No. 14 (25 June 2003).
five windows. Since inception, profit earning is in rising trend
Balance of OBU at a Glance
with all round efforts. The use of Information Technology
Figure in Million USD
has become able to bring about a revolution in overall
banking sector of the country having fullfiled the demand of
Year Amount Growth (Amount) Growth %
time. Online Banking facilities has been introduced in Islami
Banking Windows of Agrani Bank Limited. Apart from this, 2016 13.66 19.38
278%
20 more windows for approval of Bangladesh Bank is under 2017 33.04 (Increased)
process. After implementation of fullfledged online banking,
Major Investment Area of OBU
initially 50 more branches will provide islami banking services
• Power/Energy Sector
which will expedite the speed of modern technology in
• Garments Sector
banking activities. Hopefully, the expectation arisen in the
customers of Islamic Banking system will be fulfilled through • Agro based Business
online activities. In near future, the shariah-based banking of
Agrani Bank will be able to occupy a significant place among SUBSIDIARY COMPANIES OF AGRANI BANK LIMITED
the state owned commercial banks, in-sa-allah.
Agrani Bank Limited has six subsidiary companies of its 100
Off- Shore Banking Unit (OBU) percent ownership. Two of them are in Bangladesh and four
The EPZ Corporate Branch, Chittagong of the Bank obtained are in abroad. The companies are as follows:
the Off-shore Banking Unit (“the Unit”) permission vide Agrani Equity & Investment Limited
letter No. BL/DA/5175/87 dated March 7, 1987. The Bank
Agrani Bank Limited has started to take part in the capital
commenced operation of this unit from January 23, 2014.
market operations since it got license from BSEC on 23rd
The Off-shore Banking Unit governed under the rules and
March, 2009. Initially its operations were executed under
guidelines of the Bangladesh Bank. The Off-shore Banking
Merchant Banking Unit of the bank. On March 16, 2010,
Unit is located at EPZ Corporate Branch, Bay Shopping
onward the bank has formed a subsidiary company named
Center, EPZ, Chittagong. The principal activities of this unit
‘Agrani Equity & Investment Limited’. “Agrani Equity &
are to provide all kinds of commercial banking services to its
Investment Limited” as a full fledged merchant bank has
customers through its off-shore Banking Units in Bangladesh.
started its operation on 15th June, 2010 taking all the assets
The Off-shore Banking Unit maintains its accounting records and liabilities of merchant banking unit of Agrani Bank

Directors’ Report
to the Shareholders
Limited. Agrani Equity & Investment Limited started its women entrepreneurs in the urban, semi-urban and rural
operation with the vision to become the market leader in areas in the operational areas of the Company. Agrani SME
merchant banking operations by acting as a market maker Financing Company Limited started its activities with the
following objectives:
& ensure the development of the capital market by active
participation. To act as a strong participant for increasing n Develop entrepreneurship and small/medium scale
market depth which will ensure the proper channelling of labour intensive enterprises.
funds among banks, NBFI’s & capital market. The activities of n Increase income and employment for the entrepreneurs.
the Company are issue management, underwriting, portfolio n Promote women entrepreneurs.
management and financial advisory services. n Generate income and support a more equitable income
distribution.
Operational Performance Contribution of Agrani SME Financing Company
2017 is too successful in operating activities as compared to Limited
the previous year. The operating profit is Tk. 35.16 crore in Agrani SME Financing Company Limited is the only Non-
2017, 246.06% higher compared to Tk.10.16 crore in 2016. Bank Financial Institution (NBFI) owned by a state owned
The surge in operating profit is mainly for overall improved commercial Bank, Agrani Bank Limited. From the inception,
market condition, increased dividend income and finally the Agrani SME Financing Company Limited has disbursed the
SME credit to 15,545 entrepreneurs. At present (December
operating performance together. The bottom line figure also
31, 2017) total number of existing loanee /entrepreneurs
improves in 2017. Net income in 2017 was Tk. 18.69 crore is 9,398.During this period (December 31, 2017) company
whereas it was Tk. 6.04 crore in 2016. has given loan among the 1,586 women entrepreneurs.
The company has also earned net profit of TK.3.82 crore
Summary of the Financial Results
in 2013, TK.6.02 crore in 2014, TK. 3.66 crore in 2015 , TK.
Taka in Crore
0.97 crore in 2016 and TK.2.17 crore in 2017.The main
Particulars 2017 2016
objectives of the company is to generate employment
Number of loan disbursed 4041 3126 through entrepreneurship development/ creation. Up to
Amount of loan disbursed 73.31 53.58 December 31, 2017, the company has created employment
Amount of loan Recovery 58.49 47.43 to 36,538 persons. Through providing financial assistance the
Amount of classified loan 5.70 5.37 Company is alleviating poverty by generating employment
Amount of loan outstanding 107.93 78.79 to the entrepreneurs and employment to others who were
engaged by the entrepreneurs with giving special emphasis
Total operating Income 15.84 15.85
to strengthening women empowerment. The Company
Total Operating Expenses 11.23 10.55
also promoting Small and Cottage industries and Medium
Operating Profit 4.61 5.30 enterprises, establishing backward linkage to small scale
Net Profit after Tax 2.17 2.47 enterprises by integrating missing middle people of the
country. The company is in it’s heartiest endeavor to
develop the socio-economic status of the country beside the
Agrani SME Financing Company Limited was registered with
contribution of the holding company i.e. Agrani Bank Limited
the Registrar of Joint Stock Companies & Firms on October
so that SDG could be achieved by 2030.
27, 2010 as 100 percent owned Subsidiary Public Limited
Company of Agrani Bank Limited. It emerged as a Non bank Agrani Exchange House Private Limited, Singapore
Financial Institution (NBFI) having license from Bangladesh Agrani Exchange House Private Limited (AGEX) is a remittance
Bank on January 31, 2011. The NBFI is rendering financial company was incorporated in Singapore on January 04, 2002
services to the existing and potential entrepreneurs in
under Company Act CAP-50. It is a fully owned subsidiary of
Bangladesh. It is for the development of entrepreneurship as
Agrani Bank Limited, embarked its journey in Singapore on
well as small and medium scale labour intensive enterprises
February 08,2002 for catering the long-felt need of hassle
to increase the income and employment for the missing
free transfer of money by the Bangladeshi expatriates
middle eligible entrepreneurs with particular emphasis to
95
Directors’ Report
to the Shareholders
from Singapore. It’s authorized & paid up capital are SGD expatriates along with those who intend to send money to
10,00,000.00 and SGD 10,00,000.00 respectively. The company their friends or relatives in Bangladesh.
is providing its remittance services through its four branches
located at (i) Serangoon Branch: 5A, Lembu Road, the central Agrani Exchange House has remitted Tk. 10,013 crore since its
Singapore (ii) JooKoon Branch : 55, Benoi Road, JooKoon, the inception. In 2017 it has remitted Tk. 812.89 crore while it was
west region of Singapore (iii) Jurong East Branch: 135 Jurong Taka 1049.88 crore in 2016.
Gateway Rd, Jurong, the east west part of Singapore Agrani Exchange House Private Limited has put in place a
(iv) Woodlands Branch : Marsiling MRT,Woodlands the number of strategies to maintain sustainable growth in all
northern Singapore. indicators during past years to remain market leader among
Over 99 percent remitters of this remittance company are the Bangladeshi remittance provider in Singapore. The
of Bangladeshi nationality. Majority of the clienteles of the Company is continuously putting all its efforts to remain
Remittance Company are low income workers of construction compliant under the regulatory guidelines and to develop
sector, shipyard and industrial sectors. Among others standard of services to ensure sustainable growth in times
includes engineers, doctors, teachers and other Bangladeshi ahead.
A growth chart of the Company of five years
No. Of Remittance Amount in SGD (Million) Amount in BDT (Million)

Year
NO. Change Growth AMT Change Growth AMT Change Growth
2017 183,792 (80,335) (30.41%) 139.08 (45.31) (24.57%) 8,128.91 (2,369.92) (22.57)
2016 264,127 (47,254) (15.12%) 184.39 (18.86) (9.27%) 10,498.83 (1,041.52) (9.02)
2015 312,381 (11,384) (3.51%) 203.25 (1.29) (0.63%) 11,540.35 (995.35) (7.94)
2014 323,765 36,091 12.55% 204.54 20.34 11.04% 12,535.70 1,001.24 8.68%
2013 287,674 77,596 36.94% 184.20 29.51 19.08% 11,534.46 1,364.09 13.41%
Agrani Remittance House Sdn Bhd, Malaysia

Agrani Bank Ltd- one of the leading state owned banks of
Bangladesh started its journey in Malaysia in 2006 upon
approval from the Ministry of Finance of the Government of
the Peoples Republic of Bangladesh to meet the long-felt
desire of a huge number of Bangladeshi Expatriates with
a view to remitting money safely & conveniently through
banking channel. Agrani Remittance House Sdn Bhd, as a
subsidiary of Agrani Bank Ltd. commenced its business with
one branch in the capital city at No. 33, Jalan Tun Tan Siew
Sin, 50050,Kuala Lumpur and is keeping a good pace even
in increasingly difficult situation for Remittance Business in
Malaysia.
Managing Director & CEO receiving remittance award from
Information Minister Hasanul Haq Inu MP Remittance Business in all over the Globe has been suffering
due to stronger US Dollar, recession in some economic zones

Directors’ Report
to the Shareholders
including China & Russia and unexpected currency war Agrani Remittance House Canada Inc.
in the last few months. Notwithstanding, Agrani Bank Ltd Agrani Remittance House Canada Inc (ARHC Inc.) is fully
still continues its development in remittance procurement owned subsidiary company of Agrani Bank Limited. Its
remarkably. Agrani Remittance House (ARH) is contributing federally incorporated company, registered under the Canada
significantly to this Herculean Effort by sending bulk of Business Corporation Act of Industry Canada at May 11, 2012
remittances. after getting approval from Bangladesh to open an exchange
house at Canada. Its main objective is to serve the expatriate
Mentionable that Six (6) branches of ARH are successfully Bangladeshi Community in Canada as a part of Agrani Bank
giving assistance to Bangladeshi Migrants in sending money, Limited’s social commitment to the people of the country.
opening bank account with different Branches of Agrani ARHC Inc is registered with the Financial Transaction &
Bank Limited, Bangladesh and in buying Wage Earners Reporting Analysis Centre of Canada (FINTRAC) to comply its
Development Bond (WEDB) of Bangladesh Government. money service Business. It starts its journey on May 26, 2014 &
Agrani Remittance House (ARH) remitted BDT : 410.39 crore in serving the community to transfer their money to Bangladesh
2017. without any trouble.
Agrani Remittance House (ARH) has a business plan in 2018 Its only subsidiary company of a Government Owned
to expand its business by opening 7 (Seven) more branches Bank of Bangladesh, located at 2978, Danforth Avenue,
in Malaysia, establishing drawing arrangement with other Unit # 2, Toronto, Ontario, Canada, the most Bangladeshi
NCBs & NGOs and entering new era by opening new corridors concentrated area of Canada. Within very short time ARHC
in providing remittance services to Nepal, Indonesia, Inc able to reach the community with substantial progress. It
Philippines, India and Pakistan. has already remitted 7.06 Million Canadian Dollars (CAD) & its
progressing day by day.
The company is very much committed to serve the
Bangladeshi Expatriates in Malaysia maintaining the ARHC Inc is the only company in Canada who is processing
international level of efficiency, quality & customer service the application of different Bonds of Bangladesh Government
and to increase business with multi-dimensional approach for NRB’s. The community people is showing their interest on
that will ensure the sustainable development of the company the Bonds. Last year .06 Million CAD invested from Canada in
in times ahead. different bonds.
Performance of the Company from the beginning
No Of CAD BDT No Of Growth of Remitted amount CAD

Year
Remittance (Million) (Million) WEDB Number Amount (Million)
2014 106 0.71 49.52 6 - -
2015 2,787 1.99 121.87 5 2,681 1.29
2016 2,932 1.92 113.56 5 145 -0.08
2017 2,940 2.45 153.28 37 8 0.53
97
Directors’ Report
to the Shareholders
in collecting accurate and complete information,

Year Wise Remitted Amount in CAD (Million) keeping records, properly preparation of KYC (know your
customer) and TP (transaction profile), preservation and
monitoring.
2) Cash Transaction Report (CTR) & Suspicious Transaction
Report (STR) are being sent to the Regulatory authorities
2017
i.e. Bangladesh Bank regularly through GOAML
4.00 2016 middleware software.
2015 3) Agrani Bank Limited emphasizes the importance of
2.00
2014 Anti Money Laundering Training for all the employees &
0.00 subsequently training programs are in progress.
2014 2015 2016 2017 4) AML Velocity Solution Suite Software has been introduced
for UN Sanction Screening list.
5) Agrani Bank Limited published ‘Money Laundering &
Agrani Exchange Company (Australia) Pty. Limited.
Terrorist Financing Risk Management’ Guidelines on
Agrani Exchange Company (Australia) Pty. Ltd. started its
Money laundering on the light of Bangladesh Bank’s
operation on April 10, 2014 to satisfy the long-felt demand
Money Laundering Risk Management Guidelines.
of the expatriate Bangladeshis in Australia. It is a fully owned
subsidiary company of Agrani Bank Limited. Agrani Exchange Contribution to National Exchequer
is located on 2/168-76 Haldon Street, Lakemba, NSW 2195, Government is the most important stakeholder which plays
Australia. Most of the Bangladeshi people live in this locality a critical role in the economic development of the country.
in Australia. After completing about three years of its journey Being a legitimate and ethical entity, ABL contributes to the
the company, however, has closed down its business in 30 National Exchequer when it is necessary, such as deducts
june 2016 due to some reason like regulatory issues, rising income tax, value added tax and excise duty at source as per
operating and regulatory compliance costs, and some other law from various expenditure, interest on deposit and banking
factors to handle remittance services. As a part of liquidation services and deposited to the Government Exchequer.
process, the company has submitted an application ABL also deducted AIT and deposited to the Government
requesting to cancel the registration of the company to Exchequer on behalf of its employees. ABL made a handsome
Australian Securities and Investments Commission (ASIC)- contribution to National Exchequer of an amount equal to
Australian government body that acts as Australia’s corporate Tk. 598.98 crore and Tk. 543.34 crore respectively in 2017 and
regulator. Agrani Bank Limited would take next steps 2016. This reflects its fair and consistent commitment towards
immediately after the liquidation of the company effectively national contribution.
comes to an end.
Anti-Money Laundering and Terrorist Financing
AIT (Withholding Tax) 52.18 51.90
Money Laundering Means Transfer, Conversion, Remitting
abroad or remit or bring from abroad to Bangladesh the Payment of tax on Bank’s income 218.62 217.46
proceeds or properties acquired through commission of a Tax on staff salaries deducted and
8.86 4.80
predicate offence for the purpose of concealing or disguising deposited
the illicit origin of the property or smuggle abroad fund or
TDS of interest on deposit 210.54 161.16
property earned through legal or illegal means. Agrani Bank
Limited is maintaining an organizational structure for effective Vat deducted source and deposited 52.94 44.78
compliance of Anti Money laundering activities. Excise duty deducted and deposited 55.84 63.24
1) Branches comply with the norms and procedures in Total 598.98 543.34
opening accounts of the customers. They are engaging

Directors’ Report
to the Shareholders
Outlook 2018 31 December 2017. Two new audit firms from among the
In spite of tremendous competitions and challenges, the audit firms enlisted by Bangladesh Bank will be appointed in
Bank has made progress in almost all spheres of business. To the upcoming AGM for the next accounting year.
meet the challenges and to stay competitive, it has upgraded
the skills of its workforce and introduced automation
Acknowledgement
The success of the Bank during the year under review is mainly
where possible, in its operation. It will continue to focus on
attributable to the support and cooperation from the varied
achieving steady growth, by upgrading the quality of assets,
group of stakeholders. We gratefully acknowledge the support
augmenting interest and rendering quality service and
provided by all valued customers who have been with us in
operation. Moreover, it will constantly pursuit the policies of
the course of our journey. We also place on record our thanks
recruitment of skilled manpower, good corporate governance
and gratitude to the patrons, well-wishers, Government of
practices, and sound risk management. The Bank will make
Bangladesh, Bangladesh Bank and Registrar of Joint Stock
every possible effort to earn high operating profit, maintain
Companies and Firms for their continued support and co-
minimum capital adequacy, bring classified loan at a
operation. We are also thankful to ACNABIN and MABS & J
minimum level and to do best in all sectors including deposit,
Partners, Chartered Accountants, the auditors of the Bank, for
credit, import, export, remittance, cost of fund etc. Moreover,
their timely completion of audit of Financial Statements.
we want to make utmost contribution to the society in which
we operate. The employees including the members of top management of
the Bank came up with their total commitment in implementing
Preparation of Financial Statements
the agenda for improvement in a number of spheres of the
The financial statements, prepared by the Bank in accordance
banking operation. The Board takes this opportunity to thank
with the Bangladesh Accounting Standards (BAS) and
them all.
Bangladesh Financial Reporting Standards (BFRS) and in the
format prescribed by Bangladesh Bank vide BRPD Circular No. Finally, the Board would like to thank the respected
14 dated 25 June 2003, give a true and fair view of the financial shareholders and assure them that it will continue to add to
statements as at December 31, 2017. The results of its operations the shareholders’ Interest through further strengthening and
and its cash flows for the year ended December 31, 2017 comply development of the Bank in which they have placed trust and
with the applicable sections of The Bank Companies Act 1991 confidence.
and other applicable laws and regulations. The financial
statements have been duly certified by the statutory auditors.
Dividend Declaration For and on behalf of the Board of Directors

The Board of Directors did not recommend any dividend for
the year 2017.
Appointment of Auditors
ACNABIN and MABS & J Partners Chartered Accountants have Dr. Zaid Bakht
served as the external Auditors of the Bank for the year ending Chairman
99
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2017 mv‡j êwk¦K cÖe„w× 3.7 kZvs‡k DbœxZ n‡q‡Q| 2016 gaëZx© mv‡jI Pjgvb _vK‡e g‡g© Avkv Kiv n‡”Q| †h‡nZz ms‡kvwaZ êwk¦K
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2017 mv‡j êwk¦K cÖe„w× 3.7 kZvsk cÖv°jb Kiv n‡qwQj hv cÖZ¨vkviB cÖwZdjb|
2016 mv‡ji Zzjbvq 0.5 kZvsk †ekx| BD‡ivc Ges Gwkqvi evsjv‡`‡ki mvgwóK A_©‰bwZK Ae¯’v
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evwo‡q 3.9 kZvs‡ki c~e©vfvm †`qv n‡q‡Q| G ms‡kvab êwk¦K mvd‡jï Mí n‡q `vuwo‡q‡Q| wkí Drcv`b Ges mymsnZfv‡e †mevmg~n
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e¨q n«vm I `¶Zvi DbœwZmvab Ges wewb‡qvM m¤úªmviY| D‡jøL‡hvM¨fv‡e e„w× †c‡q‡Q 21.19 kZvsk| e„nr I gvSvwi wkí
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2018 mv‡j ¯^‡ívbœZ †`k ‡_‡K evsjv‡`‡ki DËiY NU‡e| ÿz`ª wkí DcLv‡Z Drcv`b wKQzUv †e‡o n‡q‡Q 9.82 kZvsk| G
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kZvs‡ki Dc‡i †_‡K‡Q| cÖe„w×i G nvi KLbI †e‡o‡Q Avevi LyPiv I cvBKvix eëmv, †nv‡Uj I †i÷z‡i›U Ges cwienb, msiÿY
KLbI w¯’i †_‡K‡Q| 2016-17 A_©eQ‡i A_©bxwZi Ab¨Zg AR©b I †hvMv‡hvM Lv‡Z h_vµ‡g 7.37 kZvsk, 7.13 kZvsk I 6.76
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cÖe„w× n‡qwQj 1.96 kZvsk| Av‡Mi A_© eQ‡i wQj 1.79 kZvsk| I 11.71 kZvsk|
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38.814 wgwjqb †gwUªK Ub| Av‡Mi eQi Drcv`b n‡qwQj 38.
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33.813 wgwjqb †gwUªK Ub| Av‡Mi eQi Drcv`b n‡qwQj 34.710 2016-17 A_©eQ‡i n‡q‡Q 29.64 kZvsk hv 2015-16 A_©eQ‡i
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`vuwo‡q‡Q hv 2015-16 A_© eQ‡ii (gvwK©b Wjvi 34,257 nvi nªvm †c‡q‡Q|
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cøvw÷K cY¨, ivmvqwbK cY¨,cv`yKv, Zzjv Ges ZzjvRvZ cY¨ weMZ `yB eQ‡i eb¨vq dm‡ji ¶wZi Kvi‡Y g~j¨ùxwZ mv¤úªwZK
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n‡Z Avq †e‡o‡Q 144.26 kZvsk| Gici i‡q‡Q n¯Íwkí cY¨ ewnf‚©Z g~j¨ùxwZ 4.5 kZvs‡k †b‡g G‡m‡Q|
(44.66%) cÖ‡KŠkj cY¨ (35.05%), cøvw÷K cY¨(31.40%), wewbgq nvi
ivmvqwbK cY¨(13.21%),cv`yKv(9.90%), Zzjv Ges ZzjvRvZ
cY¨ (6.55%), cvURvZ `ªe¨ (6.45%), Pvgov I PvgovRvZ ê‡`wkK gy`ªv evRv‡i AZ¨waK Aw¯’wZkxjZv Gov‡bvi j‡¶¨
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Ges Ab¨vb¨ †gŠj avZzi †gvU Avg`vwb e¨q 2016 A_© eQ‡ii Zzjbvq n‡q‡Q| wb¤œ Ges w¯’wZkxj g~j¨ùxwZi mv‡_ cÖ‡qvMwm× bxwZ mnvqZv
2017 A_© eQ‡i e„w× †c‡q‡Q| GKB mg‡q †ZjexR, mvi, †U·UvBj †m mv‡_ AbyK‚j mvgwóK A_©‰bwZK cwi‡ek evsjv‡`k‡K †UKmB
cY¨ Ges cÖavb ZšÍyi Avg`vbx e¨q K‡g‡Q| Dbœq‡bi †ivj g‡Wj K‡i‡Q| mylg FY cÖe„w× we‡klZt K…wl†¶‡Î
chv©ß FY mieivn, GmGgB Ges cwi‡ekMZfv‡e hZœkxj ÕmeyRvqbÕ
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Ask ga¨cÖvP¨ Ges we‡k¦i Ab¨vb¨ †`‡k wb‡qvwRZ| Rbkw³ ißvwb‡Z †UKmB Dbœq‡bi w`‡K evsjv‡`‡ki wbR¯^ hvÎv A‡bK P¨v‡jÄ m‡Z¡Ë
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eëmvwqK AMÖMwZ
2016 I 2017 mv‡ji FY Av`v‡qi Zzjbvg~jK wPÎ †KvwU UvKv| G‡ÿ‡Î e¨q 15.42 †KvwU UvKv ev 1.01 kZvsk e„w×
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AMÖx‡gi (Kg©Pvix FYmn) cwigvY wQj h_vµ‡g 27,587.11 †KvwU wgwj‡q †eZb fvZv e„w× Ges bZzb Kg©KZ©v wb‡qvM|
Ges 31,911.86 †KvwU UvKv| Gi wecix‡Z †kÖYxK…Z F‡Yi cwigvY bxU my` Avq
wQj h_vµ‡g 6,804.49 †KvwU Ges 5115.78 †KvwU UvKv hv †gvU bxU my` Avq wQj 435 †KvwU UvKv hv MZ eQ‡ii †Q‡q 424% †ewk|
FY I AMÖx‡gi h_vµ‡g 25.59% Ges 16.03%| 2017 mv‡j g~jZ D”P bxU B›Uv‡i÷ gvwR©b Ges fv‡jv F‡Yi cÖe„w× 20% nIqvi
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wecix‡Z 18,74.60 †KvwU UvKv Av`vq nq, hv j¶¨gvÎvi 62.49%| cÖwZôv‡b D”P my‡` wewb‡qvM I †kÖYxK…Z FY n«vm G‡ÿ‡Î mnvqK
FY Av`vq cwiKíbv 2018 f~wgKv †i‡L‡Q
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n‡q‡Q| FY Av`vq j¶¨gvÎv AwR©Z n‡”Q wKbv Zv cÖwZgv‡m cÖavb e¨vs‡Ki weAviwcwW mvKz©jvi bs 18 ZvwiL 21 wW‡m¤î 2014 Abyhvqx
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AvšÍ:kvLv wnmve mgš^q †gvZv‡eK 400 †KvwU A_ev wi¯‹ I‡q‡UW A¨v‡m‡Ui 10 kZvsk Gi
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AviI kw³kvjx K‡i‡Q| G j‡¶¨, kvLv Ges cÖavb Kvh©vjq Dfq wQj 10.03 kZvsk| Z`vbyhvqx g~jab DØ„‡Ëi cwigvY 2017 mv‡j
ch©v‡q Mfxi ch©‡e¶‡Yi eë¯’v †bqv n‡q‡Q| e¨vs‡Ki Af¨šÍ‡iI 80.38 †KvwU UvKv hv 2016 mv‡j wQj 7.29 †KvwU UvKv |
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e¨vs‡Ki †gvU Acv‡iwUs Avq 13% †e‡o n‡q‡Q 2,353 †KvwU UvKv n‡q‡Q| AMÖYx e¨vs‡Ki Bmjvgx e¨vswKs DB‡Ûv¸‡jv‡Z AbjvBb
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†gvU cwiPvjbv e¨q ev¯Íevq‡bi ci cÖv_wgKfv‡e Av‡iv 50wU kvLvq Bmjvgx e¨vswKs
2016 mv‡ji 1,524.56 †KvwU UvKv †gvU Acv‡iwUs e¨‡qi ¯’‡j myweav cÖ`vb Kiv n‡e| Avkv Kiv hvq,AbjvBb e¨vswKs‡qi gva¨‡g
2017 mv‡j e¨vs‡Ki Acv‡iwUs e¨‡qi cwigvY wQj 1,539.98 Bmjvgx e¨vswKs†qi MÖvnK‡ì cÖZ¨vkv cyiY m¤¢e n‡e| wbKU fwel¨‡Z
109
eëmvwqK AMÖMwZ
AMÖYx e¨vs‡Ki kixqvn wfwËK e¨vswKs ivóªvqZ¡ e¨vsK¸‡jvi g‡a¨ GKwU mvewmwWqvix cvewjK wjwg‡UW †Kv¤úvbx| Rvbyqvix 31,
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Ad‡kvi e¨vswKs BDwbU K‡i| eZ©gv‡b †`‡ki 33wU bb-e¨vswKs Avw_©K cÖwZôv‡bi Ab¨Zg
cÖwZôvb wn‡m‡e †Kv¤úvbxwU †`‡ki we`¨gvb D‡`¨v³v Ges m¤¢vebvgq
PÆMÖv‡gi Bwc‡RW K‡cv©‡iU kvLv gvP© 7,1987 mv‡j Ad‡kvi D‡`¨v³v‡ì‡K Avw_©K †mev cÖ`vb Ki‡Q| †Kv¤úvbxwU Missing
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mvewmwWqvwi †Kv¤cvwb MVb Kiv nq| GKB eQ‡ii 15 Ryb Zvwi‡L 3.66 †KvwU UvKv bxU gybvdv, 2016 mv‡j 0.97 †KvwU UvKv Ges
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AMÖbx G·‡PR nvDR cÖvB‡fU wjt wmsMvcyi
6.04 †KvwU UvKv|
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Integrated Report
Business Model 114
Products and Services 115-116
Business Strategy 117
Corporate Governance 118-134
Internal Control and Compliance 135-145
Risk Management 146-153
Disclosure Under Basel-III 154-165
113
Integrated Report
Business Model
Agrani Bank Limited operates with a diversified business model that we believe helps enhance our resilience to changes in the
external environment. Our business model is aligned with our strategy of being a leading, diversified transatlantic bank with
global reach.
We aim to provide
We draw on superior services
the following to help customers
.
to support
our activities and clients
and create, grow
deliver value and protect
to our wealth in a
stakeholders. sustainable
way.
We aim We
to deliver support
broad our
spectrum stakeholder
of value via a
through commercially
the way of our successful
commitment business that generates
to serve the nation . long-term sustainable
returns.
Products and Services

Deposit FDR Account
• Fixed Deposit (FDR)
Low cost/No cost Deposit Accounts
• Current Deposit (CD) Deposit Scheme
• Savings Deposit (SB) • Agrani Bank Pension Scheme (APS)
• Special Notice Time Deposit (SNTD) • Agrani Bank Bishesh Shanchay Scheme (ABS)
• Non-Resident Special Taka Account (NRTA) • Agrani Bank Quarterly Income Scheme
• Non-Resident Investors Taka Account (NRIT) • Agrani Bank Double Benifit Scheme
• Students Savings A/C (School Banking) • Agrani Bank Millinionaire Deposit Scheme
• Small Life Insurance Policy Holders A/C • Agrani Bank Lakhpoti Deposit Scheme
• Ten Taka Farmers A/C • Agrani Bank Prabash Deposit Scheme
• Freedom Fighters A/C • Agrani Bank Deposit scheme for Women
• Other Beneficiaries A/C under Social Securities Program

Integrated Report
Foreign Currency Account Import Finance
• Foreign Currency (FC) A/C • Loan Against Imported Merchandise (LIM)

• Non-Resident Foreign Currency Deposit (NFCD) A/C • Loan Against Trust Receipt (LTR)
• Resident Foreign Currency Deposit (RFCD) A/C • Payment Against Document (PAD)
• Exporters Retention Quota (ERQ) A/C
Export Finance
• Export Cash Credit
Loans & Advances • Packing Credit (PC)
• Local / Foreign Bills Purchased (FBP)
Continuous Loan • Loan Against Export Development Fund (EDF)
• Cash Credit (Hypo) • Advance Against Cash Incentive (Subsidy, Assistance)
• Cash Credit (Pledge)
• Secured Overdraft (SOD) Treasury
Term Loan
• Industrial Credit (IC) Money Market
• Housing Loan (General & Commercial) • Maintaining CRR and SLR
• Consumer Credit • Call Money Transaction
• Loan for Overseas Employment • Term Placement (FDR)
• Weavers’ Credit • Treasury Bills
• Treasury Bonds
Rural & Agro Credit • Secondary Trading of Govt. Securities
• Crop Loan • Repo
• Fishery Loan • Reverse Repo
• Animal Husbandry Loan • Custodian Services
• Agri Machinary Loan • Other Investments
• Rural Transport Loan
• Swanirvar Loan Foreign Exchange Market
• Poverty Alleviation Loan • Selling Foreign Currency for Import Payment
• Buying Foreign Currency against Export Proceeds
Small and Medium Enterprise Loan • Fixation of Exchange Rate
• Service Sector Loan • Foreign Currency Buying and Selling
• Trading Sector Loan • SWAP Transactions
• Manufacturing Sector Loan • Forward Transaction
• Women Enterpreneurs Loan • Term Placement
Other Loan Products

Letter of Credit
• Agrani Bidesh Jawar Loan (ABJL)
• Letter of Credit - Sight
• Green Finance
• Letter of Credit - Usance
• Any purpose Loan
• Back to Back L/C
• Term Loan for Muktijoddha
115
Integrated Report
Letter of Guarantee Value Added Service
• Locker Service
• Advance Payment Guarantee
• Utility Bill Collection
• Bid Bond • Arm forces Pension Payment
• Performance Guarantee
• Shipping Guarantee Merchant Banking Service
• Guarantee - Others
• Standby Credit • Issue Management
• Underwriting
Other Foreign Exchange Service • Portfolio Management
Islamic Banking Service

• Documentary Bill Collection
• Advanced Payment for Import & Export
Deposit
• Foreign Remittance (Incoming & Outgoing)
• Al Wadiah Current A/C
• Foreign Currency Endorsement against Passport
Mudaraba Deposit Account
• Issuance of Draft, TT
• Mudaraba Savings Account
• Collection of Draft, Cheque, TC
• Mudaraba Hajj Savings Scheme
• Opening of Student File, Medical File
• MudarabaTerm Deposit (MTDR)
• Mudaraba Special Savings Scheme
Cash Service • Mudaraba Special Notice Deposit (MSND)
• Mudaraba Mohor Savings Scheme
• ATM Service • Mudaraba Probashi Kalyan Savings Account
• Cheque Encashment • Mudaraba Cash Waqf Savings Scheme
• Foreign Currency Investment
• Bai Murabaha (Pledge)
Fund Transfer • Bai Muazzal (Hypo)
• Higher purchase Shirkatul Meilk
• Bai Sal
• Inter-Branch Money Transfer
• SWIFT
• Telegraphic Transfer (TT)
• Issuing Foreign Draft
• Encashing Foreign Draft
• Bangladesh Electronic Fund Transfer Network (BEFTN)
• Bangladesh Automated Clearing House (BACH)
• Online Deposit to Accounts
• Real Time Gross Settelment (RTGS)

Integrated Report
Business Strategy
Deposit to support the growing of national economy. To achieving

At present mobilization of deposits became highly the business target ABL takes different kind of stapes are as
competitive. To create a technology based most efficient follows:
banking environment for our customer. ABL has taken various
strategies;
• Provide high quality financial services in import & export
trade.
• To achieve core deposit goals (Low cost, No cost deposit)
taking rigorous campaign and Hajj deposit campaign and
• Arranging good looking credit lines for international trade.
so on. • Marketing for potential clients having strong
entrepreneurship spirit to grow.
• Offering cash management services, i.e. collection of
institutional accounts to ensure fast & secure cash service. • Garments sector will be more focused.
• Collect deposit from expatriates ABL lounches a new • Focusing on service export sectors like IT and education.
product for remitter given attractive interest rate.
• Offering different smart deposit scheme, like Double

Remittance
Amongst international flows, the region shows three distinct
benefit, Millionaire deposit scheme, Monthly deposit
trends - emigration for settlement to Europe, Australia and
scheme.
North America; contract labour migration to Middle-Eastern
• Special deposit scheme for woman. and a few South-East Asian countries; and the movements of
people in border areas such as India.
Loans and Advances
Loans and advance credit program is an important • Initiatives and Incentives for Smooth Transfer of
development scheme in the banking sector in most of the Remittances
developing economies including Bangladesh. In Bangladesh
people of limited monthly income are faced with the problem
• Beneficiary account is accredited within 24 hours.
of improving their standard of living. The advance portfolio • SMS alert system is introduce to Remitter & Beneficiary.
of the Bank is well diversified and covers funding to a wide
spectrum of business & industries. • Upazilla/District level NRB list is to collect as data base.
• Financing for small businesses is designed to help meet • Initiative to explore new markets.
short-term financing needs and are a great tool to help
manage cash flow. NPL Management Strategies
• Include all Staff & executives to collect NPL loans.
• Become an advisor, not Just a lender, for small businesses.
• By forming Recovery Cell in the circle, Zonal and Branch
• Loan segment to client base and create personalized level the monitoring; supervision and follow up have been
customer experiences. made through the year.
• Create real customer relationships • Special recovery activities were carried out by forming
• More priority to export oriented industries to help increase higher executive recovery team to different circles to
forex flow, earn through multi-channel which will help monitor recovery achievement.
increase no cost fund of the Bank. • Active portfolio reductions can be achieved either through
Export and Improt sales and/or writing off provisioned NPL exposures that
The Bank has made a significant contribution to the national are deemed unrecoverable.
economy under the prudent leadership of management. • Legal options include insolvency proceedings or out-of-
ABL has a sizable portfolio in export and import financing court solutions.
117
Integrated Report on
Corporate Governance
Focus Committees of the Board

As a bank company, the principal objective of Agrani As per BRPD circular no-11 dated 27 October 2013, The Board
Bank Limited is to ensure good corporate governance has formed three sub-committees - Executive Committee,
through upholding transparency and accountability of all Audit Committee and Risk Management Committee.
concerned in respect of its overall financial , operational and
Board Members’ Independence
administrative policymaking and executive affairs including
All members of the Board are nominated by the Government
overall business activities, internal control, human resources and each of them holds one share which is less than one
management and development & expenditure etc. along with percent of paid-up shares of the Bank. The members of the
lending and risk management issues. Board give decision on various business issues in the board
meetings independently, since they do not have any sort of
Appointment of Board of Directors
business relationship or involvement with the management
The financial Institutions Division of The Ministry of Finance
of the Bank.
circulates notification, as per amended Bank Company Act,
1991 (Amended up to 2013), on the appointment of directors Directors’ Information
of the Bank. As far as circulation of directors’ information is concerned,
ABL, from time to time, disseminates updated directors’
Appointment of Managing Director & CEO particulars to other banks and financial institutions.
In order to strengthen the financial base of the Bank and
obtain confidence of the depositors, the Financial Institution Remuneration of Chairman & Director
Division of the Ministry of Finance following the section 15 of As per DFIM Circular no.13 dated 2015, the directors each
Bank Company Act 1991 (amended up to 2013) appointed receive honorarium of Tk. 8,000 (including tax) for attending a
Mr. Mohammad Shams-Ul Islam, an experienced and eligible Board Meeting or any other committee meeting.
person as Managing Director & CEO (MD & CEO) not over Annual General Meeting
65 years of age having moral & financial integrity , higher Complying with the Bank Company Act 1991(amended up
academic education, excellent record of performance, to 2013) and according to the Memorandum & Articles of
entrusting him with required responsibilities and authorities. Association of the bank, Agrani Bank Limited holds Annual
General Meeting each year.
Board Structure
The Board of Directors consists of 9 (nine) members, Responsibilities and Authorities of the Board of
including the Chairman as the head of the board of directors Directors
and the Managing Director & CEO as an ex-officio director. All To ensure good governance in the Bank, the Bank Company
the directors of ABL are non-executive directors except the Act 1991(Amended up to 2013) has endowed the board
Managing Director. Consequent upon the corporatization, the of directors with required responsibilities and authorities
Board exercises greater autonomy in running the Bank more for establishing policies for the Bank Company, for risk
effectively than before. management, internal control, internal audit & compliance
and for ensuring their implementation.
Appointment of Observer
To supervise and closely observe the implementation of Responsibilities of the Chairman of the Board of
terms and conditions as stipulated in the Memorandum of
Directors
The Chairman of the board of directors does not personally
Understanding (MoU) signed between Bangladesh Bank
possess the jurisdiction to apply policymaking or executive
and Agrani Bank Limited, Bangladesh Bank by dint of
authority. He also does not participate in or interfere into the
power vested on it by Bank Company Act 1991 (amended administrative or operational and routine affairs of the Bank.
up to 2013) has appointed Mr. Mijanur Rahman Joddar, an
Executive Director as observer in the Bank. Complying with Banking Regulation & Policy Department of
Bangladesh Bank, the Chairman conducts on-site inspection
Role of Observer of any branch or financing activities under the purview of
He, on behalf of Bangladesh Bank, attends board meetings, the oversight responsibilities of the board. He also calls
audit committee meetings and executive committee for any information relating to bank’s operation or ask for
meetings and expresses his opinion on the agenda of the investigation into such affairs and submits such information
meetings. or investigation report to the meeting of the board and effects

necessary action in accordance with set rules through the quorum comprising not less than three members as
CEO of the Bank. stipulated in the Memorandum and Articles of Association of
Agrani Bank Limited meets at least once or more than once in
Responsibilities and authorities of the Board of
a month.
Directors
55 board meetings were held in the year 2017. The number of
Board Meetings
Complying with the prudential guidelines for banks set by meetings attended by each director has been shown in the
Bangladesh Bank, the board of directors with required table given below:
Date of appointment(according Number of meetings

Name of Directors Position in the bank
to government notification) attended
Dr. Zaid Bakht Chairman 13.11.2014 55

Mr. Gokul Chand Das ( released from
Director 28.12.2015 22
the position by fid, MoF )
Ms. Mahmuda Begum Director 07.09.2017 13
Mrs. Sangita Ahmed Director 07.03.2016 23
Mr. Shameem Ahsan Director 13.04.2016 29
Mrs. Hasina Newaaz Director 13.04.2016 40
Professor Dr.Nitai Chandra Nag Director 13.04.2016 54
Mr. M. Ashiqul Hoque Chawdhury Director 13.04.2016 41
Mr. Kashem Humayun Director 06.09.2016 48
Mr. Md. Ansar Ali Khan Director 22.12.2016 53
Managing Director
Mr. Mohammad Shams-Ul Islam 16.08.2016 55
& CEO
Annual Performance Agreement (APA) & SDGs and actualize priority sectors of the government
To develop organizational capacity & skills, strengthen through the highest level of skills & capacity achieved by
transparency & accountability, ensure good governance amalgamating ethics & transparency in light of the guidelines
and proper utilization of asset in order to implement vision set by the regulatory bodies with professional skills &
2021, honorable Chairman of the board of directors, MD experience and benefit the customers & employees through
& CEO on behalf of Agrani bank Limited and honorable development of business policies.
secretary, financial institutions division, Ministry of Finance on
Strategic Objectives: Strategic Objectives includes the
18.06.2017 signed Annual Performance Agreement(APA).
following
APA includes Vision, Mission, Strategic Objectives
• To increase income of the bank by expansion of loans &
and Functions
advances, investment & creating new entrepreneurs.
Vision: The vision of ABL is to become one of the leading
banks among the state owned banks through maintaining • To keep the Non Performing Loans at satisfactory level.
international standard skills, quality, fair management,
• To improve the financial position of the bank.
ensuring high quality customer service and mobilizing
adequate liquidity. • To minimize risk & strengthen financial foundation.
Misson: To implement vision 2021, seventh five year plan • To strengthen financial & organizational discipline.
119
• To improve working skills & customer service through use disbursement, recovery, rescheduling and write-off. The
of ICT and strengthen overall security. board specifically distributes the power of sanction of loan/
Functions: Strategic Functions includes the following investment. No director, however, interferes, directly or
indirectly, into the process of loan approval. The board frames
• To put emphasis on interest free & low cost deposit policies for risk management and get them complied with
collection. and monitors the compliance thereof.
• To disburse quality credit.
A separate division of the bank named Risk Management
• To bring the unbanked under banking service.
Division formed on 21 June 2015 as per instruction of
• To digitize the banking system. Bangladesh Bank has been working rigorously to overcome
• To check new loan classification & minimize classified the challenges of core risk.
loans.
Risk Management Committee
• To recover classified & written-off loans.
To formulate appropriate strategies for risk assessment
• To explore new avenues of export-import business & make and control of the bank, a risk management committee
the remittance service easily available to the public. comprising directors from among the members of the Board
• To do banking with accountability & professional skills for of Directors has been formed complying with BRPD circular
implementing vision 2021, seventh five year plan & SDGs no-11 dated 27 October 2013.
and actualize priority sectors of the government.
Risk Management Committee Meeting
• To build up a trained & skilled human resources in order to
The committee held 8 (eight) meetings in 2017. The number
form a strong financial foundation through improvement
of financial discipline. of meetings attended by the committee members has been
shown in the table given below:
Work-planning and Strategic Management
The board determines the objectives and goals and to this
Number of
end sets the strategies and work-plans on annual basis. It Name Designation Meetings
engages itself in the affairs of making strategies consistent attended
with the determined objectives and goals and in the
Mr. M. Ashiqul Hoque
issues relating to structural change and reorganization for Chairman 5
Chawdhury
enhancement of institutional efficiency and other relevant
Mr. Gokul Chand Das Member 2
policy matters.
Acting
Mr. Gokul Chand Das 1
Evaluation of MD & CEO Chairman
Mr. Shameem Ahsan Member 5
With the objective of bringing proper commercial
environment, increased efficiency, establishment of Mrs. Hasina Newaaz Member 5
accountability and dynamism, the board of directors from
time to time, evaluates the performance of MD & CEO through
(re-organized on 17.08.2017)
observing and analyzing achievement of key performance
Number of
targets as stated and set in the Annual Performance
Name Designation Meetings
Agreement (APA) signed between Bank and Financial attended
Institution Division, Ministry of Finance, and Agrani Bank
Mr. M. Ashiqul Hoque
Limited. Chairman 1
Chawdhury
Lending and Risk Management Mr. Shameem Ahsan Member On leave
The board approves under the purview of existing laws, rules Mrs. Hasina Newaaz Member 1
and regulations, the policies, strategies, procedures etc. in Professor Dr.Nitai
respect of appraisal of loan/investment proposal, sanction, Member 1
Chandra Nag


Number of
(re-organized on 11.12.2017) Name Designation Meetings
attended
Number of
Name Designation Meetings Mr. M. Ashiqul Hoque
Member 3
attended Chawdhury
Mr. M. Ashiqul Hoque Acting
Mr. Kashem Humayun Chairman 1 8
Chawdhury Chairman
Mr. M. Ashiqul Hoque Professor Dr.Nitai Chandra
Member 1 Member 17
Chawdhury Nag
Mrs. Hasina Newaaz
Member 1 Audit Committee Meeting (re-organized on
Mr. Md. Ansar Ali Khan Member 1 11.12.2017)
Number of
Role of the Risk Management Committee Name Designation Meetings
The risk management committee approves policies & attended
guidelines regarding risk of the bank. The committee also Mr. M. Ashiqul Hoque
reviews and amends the policies, whenever necessary and Chairman 1
Chawdhury
sends it to the board of directors for approval. The committee
Ms. Mahmuda Begum Member On leave
monitors activities for compliance of instructions regarding
lending risk, foreign exchange transaction risk, money Mrs. Sangita Ahmed Member 1
laundering risk, data storage & communication risk including Mr. Md. Ansar Ali Khan Member 1
other risk related guidelines. Professor Dr.Nitai
Member 1
Internal Control Management Chandra Nag
The board is always vigilant on the internal control system Role of Audit Committee
of the bank to ensure and maintain satisfactory qualitative The committee approves Internal Control & Compliance (ICC)
standard of its loan/investment portfolio. The board reviews Policies of the bank and ensures that the activities of the Bank
the reports submitted by its audit committee regarding
are being carried out in accordance with the applicable rules
compliance of recommendations made in internal and
and regulations of Bangladesh Bank, Bank Companies Act
external audit reports and the Bangladesh Bank inspection
1991(amended up to 2013), Companies Act 1994 and internal
reports.
rules, regulations & policies of the Bank.
Audit Committee
The committee examines whether internal control
To strengthen internal control and compliance functions of
the bank, the audit committee comprising directors from strategies, findings and recommendations made by the
among the members of the Board of Directors has been internal, regulatory and external auditors-Bangladesh Bank,
formed complying with BRPD circular no-11 dated 27 October Commercial Audit are implemented by the management
2013. or not. It also reviews the activities of the internal audit and
ensures that no unjustified restriction or limitation hinders
Audit Committee Meeting the internal audit process.
The committee held 18 (eighteen) meetings in 2017. The
number of meetings attended by the committee members The committee considers report relating to fraud, forgery,
has been shown in the table given below: deficiencies in internal control or other similar issues
detected by internal and external auditors and inspectors of
Number of the regulatory authority and place it before the board after
Name Designation Meetings reviewing whether necessary corrective measures have been
attended taken by the management.
Mr. Gokul Chand Das Chairman 9 The committee reviews and discusses with the management
Mrs. Hasina Newaaz Member 17 and external auditors to ensure that the financial statements
121
are prepared according to existing accounting rules, and security related matters concerning theft, burglary taken
regulations and standard. place in different branches at different times.
Review of ICC Policy All decisions taken in the executive committee are ratified in
The board of directors time to time reviews and updates the next board meeting.
Internal Control & Compliance (ICC) policies in the context of
banking business circumstances. Executive Committee Meeting
Statutory Audit The committee held 5 (five) meetings in 2017. The number
The profit & loss account and financial report of Agrani Bank of meetings attended by the committee members has been
Limited is audited by audit firms qualified under existing law shown in the table given below:
for the time being in force to be an auditor of companies and
approved by Bangladesh Bank. Number of
Name Designation Meetings
The board of directors appointed ACNABIN,Chartered attended
Accountants and MABS & J Partners, Chartered Accountants Dr. Zaid Bakht Chairman 1
to carry statutory audit on the bank for the year 2017.
Mrs. Sangita Ahmed Member 1
Human Resources Management and Development Mr. Shameem Ahsan Member 1
The board frames and approves service rules relating to
Mr. Kashem Humayun Member 1
recruitment, promotion, transfer, disciplinary and punitive
measures, human resources development etc. The Chairman
or directors in no way interfere into any administrative
affairs including recruitment, promotion, transfer and Executive Committee Meeting (re-organized on
disciplinary measures as executed under the set service rules. 30.01.2017)
Recruitment and promotion to the immediate two tiers below Number of
CEO rests upon the board. Name Designation Meetings
attended
Executive Committee
To give directions for maintaining daily or routine activities Dr. Zaid Bakht Chairman 4
and organizational discipline of the bank, an executive Mrs. Sangita Ahmed Member 2
committee comprising directors from among the members
Mr. Shameem Ahsan Member 3
of the board of directors shown in the table below has been
formed as per BRPD Circular no-11 dated 27 October 2013. Mr. Kashem Humayun Member 4
Mr. Md. Ansar Ali Khan Member 4
Roles and Responsibilities of the Executive
Committee Financial Management
The executive committee decides in those cases as instructed
The board approves the annual budget and the statutory
by the Board of directors that are not specifically assigned to
financial statements. It also reviews/monitors the positions
full board through the Bank Company Act 1991 and other laws
in respect of bank’s income, expenditure, liquidity, non-
and regulations.
performing asset, capital base and adequacy, maintenance
The members of the committee take all necessary decisions of loan loss provision and gives directives to take steps for
within power delegated by the board of directors on recovery of defaulted loans including legal measures.
punishment to the guilty employee depending on the
nature of irregularities committed, reviews divisional legal The board also frames the policies and procedures for
cases regarding appeal by the affected staff, officer for bank’s purchase and procurement activities and approves
reinstatement to service, appeal for remission of punishment the distribution of power for making such expenditures. The

maximum possible delegation of such power rests on the CEO Responsibilities and Function of the Management
and his subordinates.
To execute daily routine functions smoothly and implement
The decision on matters relating to infrastructure policies approved by the board regarding credit, Internal
development and purchase of land, building, vehicles etc. for control & compliance, asset-liability management, risk
the purpose of bank’s business is adopted with the approval management , administration, operation, discipline etc.
of the board. several committees namely Management Committee
Responsibilities and Authorities of the MD & CEO (MANCOM), Asset Liability Committee (ALCO), Credit
The CEO discharges his own responsibilities in terms of the Committee (CRECOM) comprising members from top
financial, business and administrative authorities vested management are in place.
upon him by the board. He is accountable for achievement
Management Committee (MANCOM)
of financial and other business targets by means of business
plan, efficient implementation thereof and prudent The management committee (MANCOM) is mainly responsible
administrative and financial management. for management of risks related to administration, operation,
purchase, development, training, discipline and appeal etc.
He ensures compliance of the Bank Companies Act,
The committee places before the board for approval its policy
1991(amended up to 2013) and other relevant laws and
regulations in discharge of routine functions of the bank. He recommendations and guidelines regarding risks assessment,
also reports to Bangladesh Bank of issues relating to violation management, control and reporting. It also puts forward
of Bank Companies Act 1991 (amended up to 2013) or of other its recommendations on quantification process of risk
laws/regulations and if required, apprises the board post calibration, its use while capital allocation and relevance to
facto. annual budgeting & planning for board approval. It observes
the precision and timeliness of risk reports on all activities
The recruitment and promotion of all staff of the bank except
of the bank. It is also responsible for introducing such a
those in the two tiers below him rests on the CEO.
risk controlling culture that encourages the highest level of
He acts in such cases in accordance with the approved ethical behaviors among the employees. As far as risk related
service rules on the basis of the human resources policy and employees are concerned, the committee is also responsible
sanctioned strength of employees as approved by the board. for building a risk savvy smart workforce.
Organizational Structure of MANCOM: The structure of MANCOM is as follows:
Deputy Managing Director-1

(Chairperson)
Deputy Managing Deputy Managing Deputy Managing Deputy General

All General Managers Manager (HRPDOD)
Director-2 Director-3 Director-4 Member Secretary
Fig : Organizational Structure of MANCOM
Credit Committee (CRECOM)

The committee is mainly responsible for implementation of risk management policies approved by the board. The credit
committee deals with introducing credit strategy after board approval proportionate to nature of debtor and business, interest
rate, loan documentation, risk grading, standardization of credit analysis, proper valuation, scoring, reporting, auditing,
classification, provisioning. The committee under the authority devolved on them by the board gives decision on new loan
facility, rescheduling & reconsideration and approves rejects, recommends or ratifies loan proposals.
123
Organizational Structure of CRECOM: The structure of CRECOM is as follows:
Deputy Managing Director-1

(Chairperson)
Deputy Managing Deputy Managing Deputy Managing Deputy General

All General Managers Manager (CPCRMD)
Director-2 Director-3 Director-4 Member Secretary
Fig : Organizational Structure of CRECOM
Asset Liability Committee (ALCO)

Asset Liability Committee ensures adequate liquidity capital reserves and proper fund management to meet business needs
and comply with statutory laws and regulations. ALCO performs balance sheet management in such a way that adequacy
of liquidity and capital is maintained, ensuring proper application of fund diversification strategy in light of source, term,
instrument and currency. The Asset Liability Committee is also responsible for introducing and implementation of policies on
capital, funding, asset allocation and liquidity.
Organizational Structure of ALCO: The structure of ALCO is as follows:
Managing Director
& CEO (Chairperson)
Head of Treasury
Head of BS & UCD Head of Credit Head of CAD/CFO Head of ID
(Member Secretary)
Head of
Head of RMD
ALM desk
Fig: Organizational Structure of ALCO
Compliance with Code of Conduct may, from time to time, given by any person or persons under
As part of upholding ethical business standard & practices, whose jurisdiction, superintendence or control he may, from
every employee of ABL has to comply with the code of time to time, be placed. All employees should serve the
conduct pertaining to the ABL service rule violation of which bank honestly and diligently, use his/her utmost endeavour
results in reduction to a lower stage in a time scale of pay, to promote the interest of the bank, maintain strict secrecy
reduction to a lower post, compulsory retirement, and regarding the affairs of the bank.
removal from service, dismissal from service.
Compliance with Employee Income Tax Payment
All employees shall conform to and abide by these As far as employee income tax is concerned, the employees
regulations ,observe, obey all orders and directions which of Agarni Bank Limited pay regular income tax on salary

complying with the ordinance of NBR (National Board Delegation of power in ABL is exercised complying with the
Revenue). By doing so the employees of ABL have been rules and regulations set in the Delegation of Power-2017.
contributing to the government’s tax collection from internal
sources. Customer Sovereignty
Since customers are the driving force of the bank, ABL always
Other Information tries to the maximum level to ensure customer sovereignty by
providing the customers with the excellent services following
Delegation of Power the corporate norms & regulations.
In order to extend business and settle internal affairs
quickly and effectively in the perspective of ever changing To ensure customer supremacy, customers can lodge in
banking environment, the hank has its delegation of power writing their complaints over any sorts of dissatisfaction
on administrative and financial related matters approved or send their opinions on any other matters to Managing
by the board of directors. The delegated power has been Director & CEO. The Managing Director & CEO instructs the
decentralized ensuring accountability so that the person division concerned to take urgent necessary action on that
concerned applies this power judiciously and prudently only score.
for the welfare of the organization. Misuse of the delegated Depositors’ trust is protected by ensuring on-demand
power amounts to violation of serious corporate norms. liquidity and giving the depositors fair contract terms & keen
The delegation of power on administrative affairs concerns interest rate on various consumer products.
deployment of discretionary power within the perimeter of As far as loans & investment is concerned, ABL makes
Agrani Bank Employees Service Rule 1995. investment in such sectors as are productive for the national
The delegation of power on financial affairs concerns economy while preserving the debtors’ interest in a way that
deployment of discretionary power within the approved they get fair lending rate and they do not get defaulters by
sector-wise annual budget subjective to concerned regulatory monitoring the post loan supervision and maintaining timely
bodies such as Ministry of Finance, Bangladesh Bank. and regular liaison with the debtors.
A moment of 491th meeting of the Board of Directors in presence of Bangladesh Bank inspection team.
125
Credit Rating Corporate Social Obligation and Responsibility

As per BRPD Circular No. 6 dated 5 July 2006 requiring to Agrani Bank Limited spends a significant amount of money
safeguard the interest of the prospective investors, depositors in the form of CSR activities as apart of our moral obligation
and creditors and also the bank management as a whole to the society to provide the disadvantaged and the deprived
overall performances in the relevant area including core with a platform to make his/her presence felt in the society,
risks, the bank has appointed Alpha Credit Rating Limited for keeping in mind the mantra that each one counts irrespective
doing credit rating of the bank . The credit rating agency in of religion, caste and position. In 2017 ABL has spent
2017 awarded ABL AAA for long term & ST-1 for short term in tk7.60 lac from CSR fund as donation in the form of social
government support category and A- for long term & ST-3 for development activities.
short term in without government support category and the
outlook for the bank was given stable. Environmental Obligation
From the prick of conscience for green planet, Agrani Bank
Publication of Annual Financial Report Limited is trying to be at par with the government’s vision of
Agrani Bank Limited, complying with Bank Company Act 1991, Green Bangladesh. To aware all the employees of in-house
prepares and publishes each year a balance sheet and profit green banking, a green office guideline has been circulated
& loss account as well as financial report duly signed by the to all the branches and head office divisions. As far as green
concerned parties as on the last working day of the year. financing is concerned, Agrani Bank is providing loans on easy
conditions to solar panel installation, bio-gas plants, compost
Compliance with BSEC and RJSC plants and other enterprises producing eco-friendly agro-
As far as increase of paid up capital is concerned, ABL receives products. Besides, in terms of credit approval, ABL has made
Bangladesh Securities & Exchange Commission’s consent to it mandatory for factories to have Effluent Treatment Plant
that effect, complying with all the procedures. (ETP).
In terms of Director related information such as appointment, Directors’ Report to the Shareholders
retirement, holding of shares and changes, whenever Complying with the section 1.5 of Bangladesh Securities
necessary, in the Memorandum and Articles of Association of and Exchange Commission Notification No. SEC/
the bank, Agrani Bank Limited has these duly certified by the CMRRCD/2006-158/Admin/44 dated 7 August 2012 and
Registrar of Joint Stock Companies and Firms (RJSC). section 184 of the Companies Act 1994, Agrani Bank Limited
discloses Directors’ Report to Shareholders each year.

Status of Compliance Requirement of
Bangladesh Bank’s Guidelines for Corporate Governance
BRPD Circular no 11 dated 27 October 2013
Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Complied
Sl
Particulars
No.
1. Formation & Responsibilities of Board of Directors of a Bank Company

Board of Directors of a bank should be comprised with competent and
professionally persons with a view to formulating policy-guidelines and
supervising business activities of the bank efficiently as well as ensuring
good governance in the bank management. The responsibilities of the
board of directors of a bank-company are more important than those of √
other companies; because in case of a bank-company it is essential to earn
and maintain confidence of the depositors as its business is mainly run
with the depositors' money. The following directives are given for ensuring
good governance regarding constitution of board of directors, their duties &
responsibilities and other related activities
2. 1. Formation of Board of Directors

The newly amended Section 15 of the Bank Company Act, 1991 (Amended
upto 2013) includes provisions for prior approval of Bangladesh Bank before
the appointment of new bank directors, as well as dismissal, termination or √
removal of any director from the post; director’s fit & proper criteria; maximum
number of directors; appointment of independent directors; appointment of
maximum 2(two) members from a family as director; etc.
3. Appointment of New directors

Under section 15(4) of the Bank Company Act, 1991 (amended upto 2013),
every banking company, other than specialized banks, at the time of taking
prior approval from Bangladesh Bank for appointing/reappointing directors
should furnish the following documents along with the application:
a) Personal information of the nominated person (Appendix-ka) √

b) Nominated person’s declaration(Appendix-kha) √
c) ‘Declaration for confidentiality’ by the nominated person(Appendix-ga)
√
d) In case of Independent director, the approval letter from Security and So far, no
Exchange commission independent
director
has been
appointed
e) In case of Independent director, a declaration of the directors concern as
Appendix-gha (he will also submit declaration under Appendix-ka, kha & ga) Do
f) CIB report of the nominated person √

g) Updated list of the directors. √
127

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Sl
Complied
Particulars
No.
4. 1.2. Vacation of office of Director

a) The office of director shall be vacated according to the instructions specified
in section 108(1) of the Companies Act, 1994. Besides, when a bank director
becomes defaulter and does not repay the loan within two months after √
getting a notice under the section 17 of the Bank Company Act, 1991; provides
false statement at the time of appointment; or fails to fulfil the minimum
eligibility criteria, the office of the director will be vacated
b) If the office of a director is vacated by a notice under the section 17 of BCA,
the person will not be eligible to become a director of the bank or any other
bank or any financial institution for one year from the date of repayment of
the total amount due to the bank. It is mentionable here that the dues can √
be adjusted with the shares held by the director in that bank. When a director
receives a notice under section 17 of BCA, 1991, he/she can’t transfer his/her
shares of that bank until he/she repays all the liabilities of the noticed bank or
financial institution.
c) Besides, Bangladesh Bank can remove a director or chairman of a bank,
except state owned banks, for conducting any kind of activities that is
detrimental to the interest of the banks depositors or against the public N/A
interest under Section 46 and can supersede the board of a banking company
under Section 47 of BCA, 1991.
5. 1.3. Removal of Directors from office
According to section 108(2) of the Companies Act, 1994, with the prior approval
of Bangladesh Bank, a bank director other than specialized banks can be
removed from his office for the reason specified in its Articles of Association. √
For this purpose, the reason and grounds of the dismissal/removal and copy
of the decision of the board and list of directors should be submitted to
Bangladesh Bank. In this case, the removal will be effective from the date of
Bangladesh Bank’s approval.
6. 1.4. Appointment of Alternate Director
Subject to compliance of section 101 of the Companies Act, 1994, an alternate
director can be appointed to act for a director during his absence for a √
continuous period of not less than three months from Bangladesh. In this
context, the following instructions should be followed:
a) Bank has to collect and properly maintain the documentary evidences
relating to departure and arrival of the original director. If there is any
√
exception, the chief executive officer should immediately inform it to
Bangladesh Bank.

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Complied
Sl
Particulars
No.
b) The copy of the decision of the board regarding appointment of alternate

director, with original director’s probable returning date from abroad should
be sent to Bangladesh Bank within 7 days of taking the decision and the √
director’s arrival date must be intimated to Bangladesh Bank immediately
after his return.
c) Any loan defaulter or any person who is not eligible to become a director
√
as per any rules & regulation will not be appointed as an alternate director.
d) As appointment of alternate director is a temporary measure; therefore, he/
√
she will not be included in any kind of committee constituted by the board.
e) While in the office, an alternate director or his/her affiliated organization
will not get any kind of loan facilities from his bank. In case of previous loan,
enhancement of limit or extension of time period or any kind of exemption √
or interest waiver will not be allowed. Moreover, all restrictions applicable
to directors according to rules & regulations will also be applicable to the
alternate director
7. 2. Depositor Director
As the previous provisions regarding appointment of Depositor Directors of
the Bank Company Act, 1991 has been amended; appointment of director
from depositors is no longer required. But, after complying regulation under N/A
sec 15(9) of the Bank Company Act, 1991 (amended upto 2013) bank can
consider the tenure of existing depositor director or may appoint them as
independent director.
8. 3. Information regarding Directors
Banks are advised to take the following steps regarding director information:
a) Every bank should keep an updated list of bank directors, √
b) Banks should send a directors’ list to other banks or financial institutions
√
immediately after the appointment or release of director.
c) Banks should display a list of directors in the website and update it on a
√
regular basis.
9. Responsibilities and Authorities of the Board of Directors
a) Work-planning and strategic management:
i. The board shall determine the objectives and goals and to this end shall
chalk out strategies and work-plans on annual basis. It shall specially engage
itself in the affairs of making strategies consistent with the determined
objectives and goals and in the issues relating to structural change and √
reformation for enhancement of institutional efficiency and other relevant
policy matters. It shall quarterly analyze/monitor the development of
implementation of the work-plans.
129

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Complied
Sl
Particulars
No.
ii. The board shall have its analytical review incorporated in the Annual Report as
regards to the success/failure in achieving the business and other targets as set
out in its annual work-plan and shall apprise the shareholders of its opinions/
√
recommendations on future plans and strategies. It shall set the Key Performance
Indicators (KPIs) for the CEO & officers immediate two tiers below the CEO, and have
it evaluated from time to time.
10. b) Credit and risk management
i. The policies, strategies, procedures etc. in respect of appraisal of loan/investment
proposal, sanction, disbursement, recovery, reschedule and write-off thereof shall
be made with the board's approval under the purview of the existing laws, rules and
regulations. The board shall specifically distribute the power of sanction of loan/ √
investment and such distribution should desirably be made among the CEO and his
subordinate executives as much as possible. No director, however, shall interfere,
direct or indirect, into the process of loan approval.
ii. The board shall frame policies for risk management and get them complied with
and shall monitor the compliance at quarterly basis and review the concerned report
of the risk management team and shall compile in the minutes of the board meeting. √
The board shall monitor the compliance of the guidelines of Bangladesh Bank
regarding key risk management.
11. c) Internal control management

The board shall be vigilant on the internal control system of the bank in order to
attain and maintain satisfactory qualitative standard of its loan/investment portfolio.
The board will establish such an internal control system so that the internal audit √
process can be conducted independently from the management. It shall review the
reports submitted by its audit committee at quarterly basis regarding compliance of
recommendations made in internal and external audit reports and the Bangladesh
Bank inspection reports.
12. d) Human resources management and development
i. Policies relating to recruitment, promotion, transfer, disciplinary and punitive
measures, human resources development etc. and service rules shall be framed
and approved by the board. The chairman or the directors shall in no way involve
themselves or interfere into or influence over any administrative affairs including
recruitment, promotion, transfer and disciplinary measures as executed under
the set service rules. No member of the board of directors shall be included in the √
selection committees for recruitment and promotion to different levels. Recruitment,
promotion, transfer & punishment of the officers immediate two tiers below the CEO
shall, however, rest upon the board. Such recruitment and promotion shall have
to be carried out complying with the service rules i.e., policies for recruitment and
promotion.

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Sl
Complied
Particulars
No.
ii. The board shall focus its special attention to the development of
skills of bank's staff in different fields of its business activities including
prudent appraisal of loan/investment proposals, and to the adoption of
√
modern electronic and information technologies and the introduction of
effective Management Information System (MIS). The board shall get these
programmes incorporated in its annual work plan.
iii. The board will compose Code of Ethics for every tier and they will follow it
properly. The board will promote healthy code of conducts for developing a √
compliance culture.
13. e) Financial management
i. The annual budget and the statutory financial statements shall be finalized
with the approval of the board. It shall at quarterly rests review/monitor the
positions in respect of bank's income, expenditure, liquidity, non-performing √
asset, capital base and adequacy, maintenance of loan loss provision and
steps taken for recovery of defaulted loans including legal measures.
ii. The board shall frame the policies and procedures for bank's purchase
and procurement activities and shall accordingly approve the distribution of
power for making such expenditures. The maximum possible delegation of
such power of expenditures shall rest on the CEO and his subordinates. The √
decision on matters relating to infrastructure development and purchase
of land, building, vehicles etc. for the purpose of bank's business shall,
however, be adopted with the approval of the board.
iii. The board will review whether an Asset-Liability Committee (ALCO) has
√
been formed and it is working according to Bangladesh Bank guidelines.
14. g) Other responsibilities of the Board
The board should follow and comply with the responsibilities assigned by √
Bangladesh Bank.
15. 4.2. Meeting of Board

Board of directors may meet once or more than once in a month if necessary.
But Board of directors shall meet at least once in every three months. √
Excessive meetings are discouraged.
16. 4.3. Responsibilities of the Chairman of the Board of Directors

a) As the chairman of the board of directors or chairman of any committee
formed by the board or any director does not personally possess the
√
jurisdiction to apply policy making or executive authority, he/she shall not
participate in or interfere into the administrative or operational and routine
affairs of the bank.
131

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Sl
Complied
Particulars
No.
b) The chairman may conduct on-site inspection of any bank-branch or

financing activities under the purview of the oversight responsibilities of the
board. He may call for any information relating to bank's operation or ask
for investigation into any such affairs; he may submit such information or
investigation report to the meeting of the board or the executive committee √
and if deemed necessary, with the approval of the board, he shall effect
necessary action thereon in accordance with the set rules through the
CEO. However, any complaint against the CEO shall have to be apprised to
Bangladesh Bank through the board along with the statement of the CEO.
17. 5. Formation of committees from the Board of Directors
Each bank company can form 1(one) executive committee, 1(one) audit
committee and 1(one) risk management committee with the directors. Board √
can’t form any other permanent, temporary or sub- committee except the
above mentioned three committees.
18. 5.1. Executive committee
Roles and Responsibilities of the Executive Committee:
i. The executive committee can decide or can act in those cases as instructed
by the Board of directors that are not specifically assigned on full board √
through the Bank Company Act, 1991 and other laws and regulations.
ii. The executive committee can take all necessary decision or can approve
√
cases within power delegated by the board of directors.
iii. All decisions taken in the executive committee should be ratified in the
√
next board meeting.
5.2. Audit Committee
Roles and Responsibilities of the Audit Committee:
(i) Internal Control

1. Evaluates whether management is setting the appropriate compliance
culture by communicating the importance of internal control and √
the management of risk and ensuring that all employees have clear
understanding of their roles and responsibilities
2. Reviews management’s actions in building computerization of the bank √
and its applications and bank's Management Information System (MIS)
3. Considers whether internal control strategies recommended by internal √
and external auditors have been implemented by the management
4. Considers reports relating to fraud, forgery, deficiencies in internal control
or other similar issues detected by internal and external auditors and
inspectors of the regulatory authority and place it before the board after √
reviewing whether necessary corrective measures have been taken by the
management

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Sl
Complied
Particulars
No.
(ii) Financial Reporting

1. Audit committee will check whether the financial statements reflect the
complete and concrete information and determine whether the statements
√
are prepared according to existing rules & regulations and standards
enforced in the country and as per relevant prescribed accounting standards
set by Bangladesh Bank
2. Discuss with management and the external auditors to review the financial
√
statements before its finalization
iii) Internal Audit
1. Audit committee will monitor whether internal audit working √
independently from the management.
2. Review the activities of the internal audit and the organizational structure
and ensure that no unjustified restriction or limitation hinders the internal √
audit process;
3. Examine the efficiency and effectiveness of internal audit function √
4. Examine whether the findings and recommendations made by the internal √
auditors are duly considered by the management or not.
(iv) External Audit
√
1. Review the performance of the external auditors and their audit reports
2. Examine whether the findings and recommendations made by the

√
external auditors are duly considered by the management or not.
3. Make recommendations to the board regarding the appointment of the

√
external auditors.
(v) Compliance with existing laws and Regulations

Review whether the laws and regulations framed by the regulatory √
authorities (central bank and other bodies) and internal regulations
approved by the board are being complied with.
(vi) Other Responsibilities
1. Submit compliance report to the board on quarterly basis on
regularization of the omission, fraud and forgeries and other irregularities √
detected by the internal and external auditors and inspectors of regulatory
authorities
2. External and internal auditors will submit their related assessment report,
√
if the committee solicit
3. Perform other oversight functions as desired by the Board of Directors and
√
evaluate the committee's own performance on a regular basis.
133

Compliance Status
Non Compliance
Explanation for
Not Complied
Remarks
(if any)
Sl
Complied
Particulars
No.
5.3. Risk Management Committee

Roles and Responsibilities of the Risk Management Committee:
i) Risk identification & control policy

Formulation and implementation of appropriate strategies for risk
assessment and its control is the responsibility of Risk Management
Committee. Risk Management Committee will monitor risk management √
policies & methods and amend it if necessary. The committee will review
the risk management process to ensure effective prevention and control
measures.
vi) Other responsibilities
1. Committee’s decision and suggestions should be submitted to the Board of √
Directors quarterly in short form
2. Comply instructions issued time to time by the controlling body √
3. Internal & external auditor will submit respective evaluation report
√
whenever required by the committee.
19 Training for the Directors
The directors shall make themselves fully aware of the banking laws and √
other related rules and regulations for performing his duties properly.

Internal Control and Compliance
Statement of Board Audit Committee
ii. Audit Committee of the Board will be comprised of

maximum 05 (five) members.
iii. Audit Committee will be constituted with those members
of the Board, who are not included in the Executive
Committee;
iv. Members will be elected for a term of 03 (three) years;
v. Company Secretary of the Bank will be secretary of the
Audit Committee.
Composition of Audit Committee in Agrani Bank

Limited
The Audit Committee (AC) consists of five members from the
Board of Directors.
The members of the Audit Committee are:
1. Md.Ashiqul Hoque Chawdhury, Chairman
2. Ms.Mahmuda Begum, Member
Md. Ashiqul Hoque Chawdhury
Chairman, Audit Committee of the Board 3. Mrs.Sangita Ahmed, Member
4. Dr. Nitai Chandra Nag, Member
The Audit Committee of the Board was duly reconstituted 5. Md. Ansar Ali Khan, Member
by the Board of Directors of the Bank in compliance with
Bangladesh Bank guidelines. Audit Committee efficiently Qualification of the Members of the Audit
conducts the monitoring activities and also plays an effective Committee
role in the supervision of execution of strategies and work i. Integrity, dedication, and opportunity to spare time in the
plans so devised towards smooth operation of the Bank. The functions of committee will have to be considered while
Committee supervises whether banking activities are carried nominating a director to the committee.
out in line with the ongoing laws and rules and regulations
ii. Each member should be capable of making valuable
imposed by the regulatory bodies as well as the Financial
and effective contributions in the functioning of the
Statements, Internal Control Management and internal Audit
committee.
System. The Board approves the objectives, strategies and
overall business plans of the Bank and the Audit Committee iii. To perform his or her role effectively each committee
assists the Board in fulfilling its oversight responsibilities. member should have adequate understanding of the
The Committee reviews the financial reporting process, the detailed responsibilities of the committee membership as
system of internal control and management of financial risks, well as the bank’s business, operations and its risks.
the audit process, and the bank’s process for monitoring iv. Professionally Experienced persons in banking/ financial
compliance with laws and regulations and Agrani Bank’s own institutions specially having educational qualification in
code of business conduct with the best practice. Finance, Banking, Management, Economics, Accounting
will get preference in forming the committee.
Organizational Structure
Roles and Responsibilities of the Audit Committee
As per regulatory guidelines stipulated vide Bangladesh
Bank BRPD Circular No.11 dated October 27, 2013, the
composition of the Audit Committee of a Bank shall comply (i) Internal Control
with the following: 1. Evaluates whether management is setting the appropriate
i. Members of the committee will be selected from among compliance culture by communicating the importance of
the Directors of the Board; internal control and the management of risk and ensuring
135
3. Makes recommendations to the board regarding the

that all employees have clear understanding of their roles
appointment of the external auditors.
and responsibilities;
2. Reviews management’s actions in building (v) Compliance with existing laws and Regulations
computerization of the bank and its applications and 1. Reviewing whether the laws and regulations framed by
Bank’s Management Information System (MIS); the regulatory authorities (Central Bank and other bodies)
3. Considers whether internal control strategies and internal regulations approved by the Board are being
recommended by internal and external auditors have complied with.
been implemented by the management;
4. Considers reports relating to fraud, forgery, deficiencies (vi) Other Responsibilities
in internal control or other similar issues detected by 1. Submits compliance report to the board on quarterly
internal and external auditors and inspectors of the basis on regularization of the omission, fraud and
regulatory authority and places it before the Board after forgeries and other irregularities detected by the internal
reviewing whether necessary corrective measures have and external auditors and inspectors of regulatory
been taken by the management. authorities;
1. External and internal auditors will submit their related
(ii) Financial Reporting assessment report, if the committee solicit;
1. Audit committee will check whether the financial 2. Performs other oversight functions as desired by the
statements reflect the complete and concrete information Board of Directors and evaluates the committee’s own
and determine whether the statements are prepared performance on a regular basis.
according to the existing rules & regulations and
standards enforced in the country and as per relevant Meeting of the Committee
prescribed accounting standards set by Bangladesh Bank;
To establish an effective internal control system within the
2. Audit committee will discuss with management and the bank, 18 (Eighteen) meetings of the Committee were held in
external auditors to review the financial statements before the year 2017. The Committee from time to time invited the
its finalization. Managing Director, the Head of ICC and other responsible
officials entrusted with internal control activities or any
(iii) Internal Audit other personnel to participate in their meeting, as deemed
1. Audit committee will monitor whether internal audit is necessary.
working independently from the management.
All recommendations/ observations of the Committee
2. Audit committee will review the activities of the internal were recorded in minutes’ form. Thus it has been playing a
audit and the organizational structure and ensure that no vital role in strengthening internal control and compliance
unjustified restriction or limitation hinders the internal functions of the Bank by ensuring all sorts of co-operation
audit process; between the management and the Board of Directors.
3. It will examine the efficiency and effectiveness of internal
audit function; Audit Committee’s activities during the year
4. It will also examine whether the findings and During the year 2017, the Committee carried out the following
recommendations made by the internal auditors are duly activities:
considered by the management or not. I. The committee reviewed status reports of internal audit
to ensure that appropriate actions had been taken to
(iv) External Audit implement the audit recommendations.
1. Reviews the performance of the external auditors and II. It approved statement of “Self-Assessment of Anti-Fraud
their audit reports; Control” as instructed Bangladesh Bank through the
2. Examines whether the findings and recommendations DOS Circular Letter No.17 dated November 07, 2012.
made by the external auditors are duly considered by the III. As per BRPD Circular No-03 and BRPD Circular No-06
management or not. dated on-08/03/2016 and 04/09/2016 respectively of

Bangladesh Bank, the Committee reviews ICC Policy and XVI. As per the instruction of BoD data base relating to
Procedure of the Bank from time to time. commercial audit compliance has been prepared and all
According to the instructions of the AC, ICC Policy branches were instructed to compliance and resolve the
and Procedure is being translated into Bangla for Audit objections.
implementing properly in all aspects. XVIII. Reviewed Agrani Bank’s Business Risk Management
IV. As per BRPD Circular No-03 dated on-08/03/2016 of Framework, including the top risks for the Banking
Bangladesh Bank, the Committee approved updated business as well as deep dive of key risks to assess and
Health Report of the Bank for the year 2016. AC also evaluate the relevance and robustness of mitigating
observes Health Report of the Bank based on quarterly plans.
Financial Report on 2017. XIX. For effective and efficient internal control system the
V. As per the instruction given by the Bangladesh Audit Committee of the Board invites a Circle Head
Bank through MoU the Committee reviewed the ICC at monthly Audit Committee meeting for analyze,
Policy Implementation status reports to ensure that discuss, advise and recommend the concerned Circle
appropriate actions had been taken to implement “ICC Head to minimize audit objections (internal/external/
Policy& Procedure”. commercial) of that concerned circle to the lowest level.
The committee also monitors and reviews the progress
VI. The Committee recommended organizing risk based
of settlement of audit objections of that circle at regular
audit training and workshops to categorize the branches
interval. The committee is proceeding this activity which
on risk basis.
helps to reduce the unsettled objections of the Bank to a
VII. The Committee monitored the progress of great extent.
implementation status of last year plan as to its
XX. The ACB instructed the Circle Head to arrange bi-lateral
consistency and approved the audit plan for 2018.
or tri-lateral meetings with commercial auditors to
In 2018, Division wise plan is prepared and approved reduce the number of audit objections of Commercial
due to emphasis on each division, monitored and audit. A positive result is being observed by following this
reviewed the effectiveness of the internal control system activity.
separately.
VIII. The committee had finalized the Financial Statements Self-Assessment of Anti-fraud Internal Controls
of the Bank as on 31-12-2016. Audit Committee monitors All scheduled banks in Bangladesh have been asked
the integrity of the financial reporting process through by Bangladesh bank to assess the effectiveness of their
ensuring compliance to accounting policies, standards internal control and compliance system, general banking
and principles, oversee performance of external auditors. and operation system, loan and advances administration,
IX. The Committee directs the authority concerned to information and communication technology using a
minimize audit objections through categorization of prescribed format to avoid fraud and forgery. Using the format
objections and monitored internal control and business banks have to assess their system/administration and report
risk management process. to BB quarterly as per DOS circular letter No-17 dated 07
X. The committee also advises quick disposal of pending November, 2012. Self-Assessment arises some questions and
audit objections internal and external both. Bangladesh bank thinks that all scheduled banks can remove
fraud forgery by solving that questions. Then it is known the
XI. The committee advised the management to be cautious
Bank’s status as Yes/No/Partial. The inspector of Bangladesh
so that no loan and advance becomes classified any
Bank observes it physically going to Head Office/ Branches.
more.
XII. The committee recommended diversifying loans Agrani Bank Limited has been submitting this statement to BB
according to sector-wise importance. on quarterly but instruction has been given from DOS of BB by
XIII. The committee also instructed that effective steps Circular no-10, date: 09-05-2017 to submit semi-annually for
should be taken to recover rescheduled loans. ensuring the regulatory compliance and taking measures for
XIV. The committee analyzed the inspection report by improvement of the Bank’s internal control and compliance
Bangladesh Bank Audit on the Bank. system, where necessary. The summery of Self-Assessment of
137
Anti-fraud internal controls of ABL is as following: position of these three health sectors, ICC has worked out a
Health Grading Score sheet based on quantification of certain
The summery of Self-Assessment of Anti-Fraud Internal parameters of each health sector.
Controls of ABL: In our analysis, the average score “90-100” means Excellent,
“80-89” means Very Good, “70-79” means Good and “60-69”
Compliance status means Satisfactory.
Period Fully Partial No-
N/A In the assessment, the overall health position of Agrani
Complied Complied complied
Bank Limited for the year 2016 has been assessed “70”
December, 71 21 15 means Good. Detailed break-up of the Health assessment is
01
2017 66% 19% 14% furnished as under:
71 17 19 01
June, 2017
66% 16% 18% Score
Health Sector Remarks
Obtained
Jan-Mar, 68 9 3 -
2017 52 out of
85% 11% 8% -
1. Financial Health 100
We are trying to improve the compliance of ABL regarding 2. Internal Control & Compliance 79 out of
Health 100 Average
Self-Assessment of Anti-fraud internal controls positively. score 70
78 out of out of 100
Core Risk Rating on ICC risk by BB 3. Image & Reputation Health 100
Bangladesh Bank (BB) makes grading on analysis of all risks 209 out of
like (1) Credit Risk (2) Asset Liability/ Balance Sheet Risk (3) Overall Health 300
Foreign Exchange Risk (4) Internal Control & Compliance Risk Obtained result Good
(5) Money Laundering Risk (6) Information & Communication
Technology( ICT) Risk (7) Environmental & Social Risk
Management of Agrani Bank Limited in every year. BB Acknowledgements
analyses ICC related risk and makes grading. From beginning The Audit Committee expresses its sincere thanks to the
& formation of the ICC, obtaining result was marginal but respected Members of the Board, Management and the ICC
Executives who are engaged in internal audit, monitoring and
complying smoothly of BB compliance (term, rules, and
compliance for their continuous support.
policy, etc. regarding ABL), obtaining result is fair. Details of
core risk related information comparatively is as follows: For and on behalf of the Audit Committee
Particulars 2017 2016 2015

Base time of
inspecting 30-06-16 30-06-15 30-06-14
Obtaining Marks
(Out of 100) 64.00 42.74 40.36
Md. Ashiqul Hoque Chawdhury
Obtaining result Chairman,
Fair Fair Marginal
The Audit Committee of the Board
Rate of increase 50% 6% -
Health Report of the Bank

The Health Report of the Bank has been assessed as per
BRPD Circular No-03, dated-08/03/2016 from the view point
of Financial health, Internal Control and Compliance health
and Image and Reputation health. To assess the overall health

Internal Control and Compliance Framework
• Socio-political realities,
• Technological advancement.
• Changes in rules and regulations
Internal control is the process, affected by a company’s

Board of Directors, management and other personnel,
designed to provide reasonable assurance regarding the
achievement of objectives in the effectiveness and efficiency
of operations, the reliability of financial reporting and
Risk is a part and parcel of our life. Nothing is risk free in compliance with applicable laws, regulations, and internal
this earth. Naturally risks grow faster around us. Our main policies. Internal controls are the policies and procedures
challenges are keeping us and our assets away from the established and implemented alone, or in concert with other
devastating sharp claws of it. This is why each and every policies or procedures, to manage and control a particular
organization has to work for minimizing the risk. Risk risk or business activity, or combination of risks or business
management can play an important and vital role on the activities, to which the company is exposed or in which it is
overall management which may consider as a very smart engaged.
tool. The entire human society’s history is marked by the
exposure to risks of all kinds and the efforts undergone by
Banking operations involve both inherent and acquired risks
humans to deal with the risks. From ancient time the human
in the pursuit of value creation. To avoid the complexities
practiced risk management in order to survive. The practice of
and risk arises out of those activities some sort of internal
survival instincts leads to the avoidance of risks threatening
corrective measures must be there to control.
to extinct the human kind. The very existence of human kind
today is the proof of the success of applying risk management
strategies by our ancestors. Risks are uncertainties. In the The issues of effective internal control systems, corporate
banking universe, there are a large number of risks. As the governance, transparency and accountability, and regulatory
goal of any state-owned company, the main goal of Bank’s compliance have become prime need for high levels of
management is to serve the Nation and maximize the performance.
shareholders’ value. Bankruptcy in the financial sector are
costly, not only for the equity and debt holders of banks’ but Thus internal control is now being termed as an integral
often also for taxpayers. In order to avoid that the Banks are part of the daily activities of a bank. So that the Bank’s
constantly under pressure and have to assume high risks and management and stakeholders can confidently, assure that
at the same time manage the risks in order to avoid, or at the Bank’s service delivery systems are efficient, safe and
least minimize losses. compliant with all their expectations. In turn, risk based
internal audit activities are the most important means of
Risk is the net negative impact of the exercise of vulnerability, reinforcing control systems through the regular review of
considering both the probability and the impact of
operations.
occurrence. Effective risk assessment must identify and
consider both internal and external factors. Compliance, on the other hand, means taking actions
by the stakeholders as per advice/instruction laid down
Internal factors
in inspection/ audit reports/ circular/ letter etc. by
• Complexity of the organizational structure,
the supervisory/ regulatory/ administrative authority/
• The nature of the Bank’s activities, organization concern to mitigate deficiencies/ correct lapse,
• The quality of personnel, gaps, errors, omission, irregularities for overall soundness and
• Organizational changes and improved performance in the organization.
• Employee turnover. Internal Control & Compliance (ICC) of Agrani Bank Limited
under direct supervision of Audit Committee of the Board has
External factors
been implementing detail guidelines on ICC risk management
• Fluctuating economic conditions, to assess and mitigate risks.
• Changes in the Industry,
139
Internal control and compliance is a management process Formation of ICC

designed to achieve: ICC of ABL consists of five independent divisions for its
• Effective system of control effective operations headed by five Deputy General Managers.
• Effectiveness and efficiency of operations Recently a ‘Cyber Audit’ cell is launched to protect IT fraud-
• Reliability of financial reporting forgeries in the Bank headed by another Deputy General
Manager.
• Compliance with applicable laws and regulations
• Safeguard of assets. These divisions are:
• Audit & Inspection Division-1
Internal control consists of five interrelated components, • Audit & Inspection Division-2
which are:
• Audit Monitoring Division
• Audit Compliance Division (Internal)
• Audit Compliance Division (External)
Control Function of above Divisions

Environment Risk
1.Audit & Inspection Division-1
Assessment
The main function of this division is to carryout Risk Based
Internal Audit and Inspection within the all 943 Branches
Specify other than AD and Corporate Branches,
Monitoring Objectives 2. Audit & Inspection Division-2
Control The main function of this division is to carryout Risk Based
Activities Internal Audit and Inspection in AD and Corporate Branches,
Bank Divisions, Sub-divisions and Subsidiaries of the Bank.
Information and 3.Audit Monitoring Division

communication • This division carries out ICT Audit by Internal Control Team.
• To verify the internal control system & operational
activities by Implementing of DCFCL (Departmental
Objective of ICC Control and Functional Check List), QOR (Quarterly
Objective of ICC is to ensure corporate governance, Operation Report), LDCL (Loan Documentation Checklist)
accountability, integrity, transparency and regulatory at Branch level.
compliance in the operation of the Bank within the stringent
• To assist Audit Divisions in Risk Based Internal Audit by
frame work to achieve the International Standard of Banking.
assessing branch/department wise risk (Off sight Analysis)
with grading of all branches.
Qualification & Appointment of Head of ICC
Agrani Bank’s ICC is headed by a General Manager who is a • To prepare and submit Self-Assessment of Anti-
professionally qualified Chartered Accountant, FCA, with 24 Fraud Internal Controls report and Bank’s Health
years professional experiences, he is also the Chief Internal report to Bangladesh Bank.
Auditor.
• To prepare Bank’s Health Report to recognize the
As per BRPD Circular No.-3, Dated-08/03/2016 and BRPD
sensitivity of financial inclusion in Bank.
Circular No-06, Dated -04/09/2016 as a Head of Audit has to
place reports on Audit directly to the Audit Committee of the • To observe 50.00 lac & above transaction through T24
Board of Directors and as the Head of ICC he has to report to software regarding instruction from BB for monitoring the
the Managing Director & CEO for administrative purpose. utilization of fund of all Branches.

4. Audit Compliance Division (Internal) AQAT(Audit Quality Assessment Team)

This division complies internal audit objections deducted AQAT consists of all divisional heads of ICC which is presided
by Internal Auditors of Audit & Inspection Division-1&2 by Head of ICC. Normally internal audit report is included two
within the Bank. types of objections like Major Lapses (ML) and Serious Lapses
(SL). Function of AQAT is to find out discrepancies of Internal
5.Audit Compliance Division (External) Audit. If there is any discrepancies in audit report then
To monitor compliance activities of branches, related letter issued to concerned branch mentioning these to take
other offices and sub-divisions under External Audit initiative action. ICC places all Serious Lapses find out by the
like Bangladesh Bank Inspection, Commercial Audit, Internal Audit to the BoD Audit Committee meeting.
External Audit, Statutory Audit, Issue Based Audit of other
Regulatory Authorities. Internal Control and Compliance Policy of Agrani Bank
Limited
6.Cyber Audit Cell According to the instruction and direction of
To protect Cyber Fraud in the Bank, Cyber Audit Cell has Bangladesh Bank Prudential guideline and regulations
been formed under ICC. The main objective of Information of Memorandum of Understanding (MoU) 2013 signed
Technology (IT) Audit is to examine independently assess
between Bangladesh Bank and Agrani Bank Limited
the controls, reliability and integrity of the Bank’s IT
and Bangladesh Bank’s “Guidelines on Internal control
environment. Also, to evaluate the system’s internal control,
and compliance in Banks’ vide BRPD circular No.03
design, effectiveness and to monitor the T24 transactions
and circular No.06 Dated on-08.03.2016 and 04.09.2016
under CBS of all Branches and detect any kinds of fraud &
respectively, ABL has prepared “ICC Policy and
forgeries. At the same time, detected fraud & forgeries are
Procedure-2016 [Risk Based Internal Audit Manual, Audit
reported to the management to take necessary action.
Compliance Manual, Audit Monitoring and Controlling
Manual and IT Manual]” by merging and customizing
Function by ICC secretariat
(Amendment/Including/Excluding) different articles
Opinion on 10.00 (Ten) crore and above loan of ICC Policy-2015 and ICC Manual-2015 and have
Proposal by Head of ICC As per the MoU of Bangladesh been approved in the 481st meeting of the Board of
Bank the Head of ICC express opinion on 10.00 (Ten) crore Directors vide memo no.1032/16 dated 28/11/2016. It
and above loan proposals from all branches of Agrani Bank has been circulated vide Circular No. ICC/AMD/135/2016
Limited. dated 28/12/2016 all over the Agrani Bank Limited for
compliance. All rules, regulations, policies and procedures
Regarding opinion on large loan proposal Head of ICC forms a of previous manual has been null and void after the
team who are appointed as Auditor. They scrutinize all related execution of the “ICC Policy and Procedure-2016”.
documents, justification of loans, Bangladesh Bank circulars,
Bank’s own circulars and other regulatory instructions etc. Audit Committee of Agrani Bank Limited
The Audit Committee of the Board of a bank must play an
Co-ordination Meeting effective role in providing a bridge between the Board and
Head of ICC arranges several meetings through all management, shareholders, depositors and stakeholders
divisional heads of ICC for effective internal audit, and help in ensuring efficient, safe and sound banking
monitoring, compliance. Audit/ Compliance/other issues practices. The Committee identifies various risk factors
are presented and discussed in that meeting. To run that arise from the business activities of the Bank by
and establish effective internal control system, various reviewing the audit reports for safe, sound and disciplined
suggestions are derived from that meeting. Banking operations. Besides, the Committee gives time
befitting directions on preparing risk-based internal audit
Comparative information of such opinion is as follows: planning, reduce the number of objections of the same
Particulars 2017 2016 2015 nature raised by internal audit by categorizing them
No. of opinion given by according to the nature of objections and re-defining
113 39 57
Head of ICC them as Serious Lapses (SL), Major Lapses (ML) & Major
Irregularities (MI). The Audit Committee works to ensure
141
ICC Organogram of ABL
ICC Organogram of ABL

Board of Directors
Audit Committee of the Board
Head of Internal Control & Compliance (GM)

1 2 3 4
Audit Staff position for
Audit & Inspection Division Monitoring Audit Compliance Division
Division GM’s Secretariat
DGM DGM DGM DGM DGM

Audit & Audit & Audit Audit Audit
Inspection Divn. Inspection Monitoring Compliance Compliance Nil
(all other than Division (all Division Division Division
AID-2) AD Br. & H/O Div.) (Internal) (External)
AID-1 AID-2
8 AGM 13 AGM 3 AGM 4 AGM 3 AGM Nil
12 SPO 26 SPO 11 SPO 8 SPO 8 SPO 3 SPO
20 PO 27 PO 11 PO 9 PO 8 PO
3 PO/SO
56 SO 22 SO 11 SO 10 SO 10 SO
13 Officer 5 Officer 11 Officer 6 Officer 5 Officer Nil
8 NC Staff 3 NC Staff 5 NC Staff 2 NC Staff
Sub Total= 212 Sub Total= 51 Sub Total= 78 Sub Total= 9
Grand Total (212+51+78+9)= 350

50 Auditors out of 212 staff of Audit & Inspection Division will be engaged in concurrent audit.

Activities of ICC for the year 2017
that the activities of the Bank are being carried out in 2017 2016
accordance with the applicable rules and regulations of
Description
Bangladesh Bank, Bank Companies Act 1991, Companies Target Achievement Target Achievement
Act 1994 and internal rules, regulations and policies of the
Bank. Total Audit 700 697 651 676
Achievement 99.57% 104%
The Board is responsible for ensuring the operation
systems of internal control and for taking reasonable
After completion of internal audit, the Audit & Inspection
steps to safeguard the assets of the Bank and detecting
Divisions submit reports to the Head of ICC. The ICC
& preventing fraud and other irregularities through ICC
places especially serious lapses (SL) reports to the Board
of the Bank. Audit Manual and Audit Implementation
Audit Committee for necessary suggestions. The Audit
Manual have been introduced through ICC Manual to
Committee evaluates the irregularities, fraud and forgeries
ensure proper internal control and compliance of the
and important deviations detected by internal auditors.
Bank. The Board also reviews the observations of the
In 2017, eighteen meetings of Audit Committee were held
Board Audit Committee to make sure that internal control
in which internal & external audit/ inspection reports,
& compliance are rigorously maintained. The Audit
appropriateness of ICC, policy guidelines were reviewed,
Committee consists of five members of the Board of
updated and approved for proper functioning of ICC.
Directors. Eighteen meetings were held regarding Internal
Control & Compliance in 2017 where all Memos were Audit Monitoring
discussed by the Audit Committee. Monitoring is the Bank’s own oversight of the control
system performance. Effectiveness of the Bank’s internal
Activities of ICC for the year 2017 control should be monitored on an ongoing basis. Key
or high risk items should be identified and monitored
Risk Based Internal Audit and Inspection as the part of daily activities. In addition, there should
As per Bangladesh Bank instruction the ICC has been be periodic evaluation. The Monitoring Division ensures
implementing ‘Risk Based Internal Audit (RBIA)’ through its internal control process through review of DCFCL,
core risk factors in the daily activities of the Bank to assess LDCL, QOR of branches and other mechanism. If notable
the business risk as well as control risk associated with the deviations are found, they have to report before Head of
branches. The Audit & Inspection Division prepares a risk ICC for taking necessary actions to mitigate the risk.
based internal audit plan for every year. The internal audit
plan is approved by the Board Audit Committee. In the year 2017, Audit Monitoring Division achieved its full
target through effectively serving the following activities:
In 2017, Audit and Inspection Divisions conducted 697
• Self-Assessment of Anti-Fraud Internal Controls.
comprehensive audits (536 branches, 27 corporate
• Audit through Internal Control Team (ICT)
branches, 13 AD branches, 49 district head quarter
• Issue Based Audit/Inspection Team activities.
branches, 40 zonal offices, 7 circle offices, 31 divisions and
• Workshop to outreach on ICC Risk Management
34 others), 99.57% achievement than targeted.
• Data collection & analysis through DCFCL, LDCL, QOR
(Daily, Monthly, Quarterly), etc.
Comparative statement of Risk-based internal audit
for 2017 & 2016
Risk-based Internal Audit System has already been
2017 2016 established within the Bank. Adequate measures have also
Description been taken to work under the computerized environment.
Target Achievement Target Achievement
The Audit Committee of the Board of Directors has
Branch/ Circle accorded the approval of conducting ‘System Audit’
/Zonal Office/ 700 663 651 631 through outsourcing. Now all the branches and offices are
Division subject to IT based System Audit / EDP / IS to mitigate risks
Issue Based - 34 - 45 associated with computerization.
143
In the year 2017, Risk Based Internal Audit (RBIA) Compliance on Commercial Audit objections
computes Risk in the following way
Year
Risk Level Description
2017 2016 2015
Nature of
Very Total
Branch High Medium Low No. of Branches Inspected (no. of
High 68 84 79
report received)
All Branches 6 868 30 2 906
No. of objections (opening
7,791 7,979 7,802
Risk Reducing action balance)
On the basis of auditor’s advice and nature of detecting
Add: No. of objections raised in
risk, ICC is focusing on very high & high risks branches so 1,692 648 933
that risk can be reduced to tolerate/ minimum level. the year
Less: No. of objections compliance

Agrani Bank Limited has 943 branches. In 2018, We have a (1,080) (836) (756)
/settled
plan to conduct Risk Based Internal Audit to detect overall
risk position in all branches. Unsettled objections as on 31st
8,403 7,791 7,979
Dec'17
Audit Compliance (External)
Audit Compliance (External) of ICC is responsible to ensure n 2017, Commercial Audit team has conducted 68
I
that the Bank complies with all regulatory requirements comprehensive audits and 1,692 objections have been
while conducting its business. This Division is responsible raised. Previous number of unsettled audit objection was
to comply of Government Commercial Audit, Bangladesh 7,791 of them 1,080 objections has been settled during the
Bank Inspection, Chartered Accountancy Firms Audit and year through arranging tripartite meetings.
other Issue Based Audit.
The Compliance Divisions of ICC maintains strong
liaison with the regulators at all levels and ensures all
Compliance on Bangladesh Bank Inspection objections
guidelines received from regulatory authority are properly
Year disseminated among the relevant divisions.
Description
2017 2016 2015
Audit Compliance (Internal)
No. of Branches Inspected (no. Audit Compliance Division (Internal) of ICC is responsible
225 272 193 to ensure that the Bank complies with all regulatory
of report received)
requirements while conducting its business. This Division
No. of objections (opening is responsible for compliance of Internal Audit and
1,276 1,287 1,329 Inspection.
balance)
Add: No. of objections raised in During 2017 Internal Audit Team inspected a total number
4,450 5,280 3,779 of 697 auditable items and raised 36,494 objections.
the year
Previous number of unsettled objections were 13,374.
Less: No. of objections During the year 2017, the total number of objections
(4,684) (5,291) (3,821)
compliance /settled 34,876 has been settled. Number of unsettled objections
as on 31/12/2017 was 14,992.
Unsettled objections as on
1,042 1,276 1,287
31st Dec'17 Like external, this division also maintains strong liaison
with the regulators at all levels and ensures all guidelines
In 2017, Bangladesh Bank Inspection Team inspected 225 received from regulatory authorities are properly
Branches and raised 4,450 objections. Previous number disseminated among the relevant divisions.
of unsettled objections was 1,276. During the year 4,684 Comparative statement of Internal Audit Compliance for
objections have been settled. 2017, 2016 & 2015:

Year Year
Description Description
2017 2016 2015 2017 2016 2015
No. of Branches Inspected Unsettled objections as on

14,992 13,374 19,974
by the Internal Auditors of 697 676 719 31st Dec'17
the Bank
No. of objections (opening Achievement of Risk Based Internal Audit -2017

13,374 19,974 26,807 A new risk based audit plan is made each and every year
balance)
for year round audit by the Audit and Inspection divisions,
Add: No. of objections which is approved by the Board Audit Committee where
36,494 30,855 43,683
raised in the year sensitive areas will be given priority. The deficiencies
identified during the audits should be notified to the
Less: No. of objections
(34,876) (37,455) (50,516) appropriate level and significant audit findings should be
compliance /settled
reported to the BoD Audit Committee.
Risk Based Internal Audit-2017
2017 2016
Targeted Scope
Targeted Achievement Targeted Achievement
Corporate (all are AD) Branches 27 27 17 17
Authorized Dealer (AD) Branches 13 13 13 13
District Head Quarter Branches 49 49 49 49
Branches 483 488 431 497
Zonal Office 62 39 62 10
Circle Office 11 7 11 01
Head Office Division 36 31 36 25
High Value Corporate Branch (yearly two times) 10 - 20 11
Agrani Exch. House 2 2 4 ---
Islamic Window 5 05 05 05
Others 2 2 03 03
Issue Based 34 45
Total 700 697 651 676
Achievement in percentage 99.57% 104%
The annual audit plan can then be developed as the In the conclusion, ICC will ensure the efficacy of the Risk
reflection of the results of the risk assessment model and Based Internal Audit and Inspection, Issue Based Audit
the selection policy. The risk assessment model and the and Special Audit for each and every Branch and Office,
selection policy will enable the internal audit activity to Windows & Subsidiaries of Agrani Bank Limited.
define, identify and to set priorities for audit risk annually
or more frequently as business conditions dictate.
145
Risk Management
Statement of the Board Risk Management Committee
• Ensure that proper steps are taken to identify, measure

and reduce risk by Management;
• To review capital adequacy of the Bank against all risks;
and
• To review provision maintained against all risks etc.
Roles and Responsibilities of the Committee

The Committee was entrusted to supervise and review risk
management process covering the following:
• Risk identification and development of control strategy;
• Adoption of an organizational structure highlighting risk
across the institution;
• Review and approval of Risk Management policy;
• Supervision of execution of overall risk management
policy;
Kashem Humayun • Examine and approve the preservation of data and
Chairman, Board Risk Management Committee reporting implemented by the management and ensure
implementation of the same; and
n accordance with the instruction of Bangladesh Bank vide
• Any other task as assigned by the Board of Directors and
BRPD Circular No. 11, dated 27 October 2013, the Board of
Central Bank etc.
Directors of Agrani Bank Limited formed a Risk Management
Committee (RMC) in its 335th meeting held in 21-09-2013 to
ensure whether appropriate risk management measures are Risk Management Committee Meeting
being put in place and applied and whether adequate capital Bangladesh Bank advised to hold at least 4 (Four) meetings
and provision is being maintained against the risks identified. in a year. The RMC of ABL Board held 8 (Eight) meetings in
2017 having detailed discussions and review session with the
Broad Objectives of the Committee Chief Risk Officer (CRO) regarding their findings, observations
and recommendations on the issues of bank affairs that need
• To review, guide, manage and reduce various risks
improvement. The number of meetings attended by the
resulting from implementation of strategies and action
Committee members is shown in the table given below:
plan approved by the board;
Name Status with the Bank Status with the Committee Meeting Attendance
Mr. M. Ashiqul Hoque Chawdhury Director Chairman 5
Mr. Gokul Chand Das Director Member 3
Mr. Shameem Ahsan Director Member 5
Mrs. Hasina Newaaz Director Member 5
It had been reconstructed on 17 August 2017 as below:

Mr. M. Ashiqul Hoque Chawdhury Director Chairman 1
Mr. Shameem Ahsan Director Member On leave
Professor Dr. Nitai Chandra Nag Director Member 1

Risk Management
Statement of the Board Risk Management Committee
Lastly it had been reorganized on 11 December 2017 as below:

Mr. Kashem Humayun Director Chairman 1
Mr. M. Ashiqul Hoque Chawdhury Director Member 1
Mr. Md. Ansar Ali Khan Director Member 1
The Company secretary of the bank acts as the secretary • Adoption of ICAAP policy;
of the Risk Management Committee of the Board as per • Observation on Risk Appetite Report; and
instruction provided by Bangladesh Bank. The Minutes
• Detail discussion and chalking out of plan by reviewing
of the RMC Meetings containing various suggestions and
terms of reference, responsibilities and duties of Risk
recommendations to the Management were placed to the
Management Committee as instructed by Bangladesh
Board subsequently for ratification on a regular basis. The
Bank.
committee reviewed and focused on the various areas during
the year. Some of them are as follows:
Acknowledgement
• Review of Core Risk Guidelines; The Risk Management Committee expresses its sincere
• Observation on Monthly Risk Management Report; gratitude to the members of the Board, Management Team
• Implementation Status of Risk Based Capital Adequacy and Risk Management Division for their continuous support
Report; to discharge its due roles. Committee expects more vigilance,
• Observation on Stress Testing Report; proactive risk identification and risk management initiatives
from the concerned divisions in the banking operations of
• Review status of restructured large loans;
Agrani Bank Limited.
• Observation on Liquidity Position Report;
• Observation on Comprehensive Risk Management On behalf of the Risk Management Committee,
Report;
• Observation on CAMELS Report;
• Observation report on Comprehensive Risk Management
Rating by Bangladesh Bank; Kashem Humayun
• Development of checklist based on the risk covered Chairman
under SRP; The Risk Management Committee of the Board
147
Risk Management
n course of banking operations it invariably faces different to protect its own interest also i.e. ultimate interest of the
types of risks that may have a potentially adverse effect on its nation. So to serve with any product underneath strategies
business. In this regard our bank has a comprehensive and are followed:
reliable risk management system integrated in all business
activities and providing for the bank’s risk profile to be always i) It has to protect its own capital by enlarging its business
in line with the established risk propensity. prudently
ii) Before extending its business it has to measure risk
Risk management system comprises
adjusted performance and deal with accordingly
(1) Risk management strategy and policy as well as
procedures for risk identification and measurement i.e. for iii) Thus to retain consistency of earnings and to make the
risk assessment and risk management. bank move forward.
(2) Appropriate internal organization i.e. bank’s iv) Quality and transparency of management.
organizational structure.
(3) Effective and efficient risk management process covering Credit Risk Management in ABL
all risks the bank is exposed to or may potentially be Credit (all kinds of loans and advances) may stem from both
exposed to its operation. OBS and BS is the most important and vulnerable assets
of a bank. So to manage risky event of a bank credit risk
(4) Adequate internal controls system.
management gets the main attention of both management
(5 Appropriate information system
team and regulatory bodies. So to extend a loan or to
(6) Adequate process of internal capital adequacy sanction a loan it is essential to find out its inherent risk. In
assessment. this case we consider the saying ‘Prevention is better than
To bring a project to the light it is evaluated with in its cure’. First of all we consider borrowers’ eligibility by setting
present perception and future mobilization. The inherent some criteria with some prescribed paper and with the
risk it contains is identified, measured and taken tools to historical background of the future borrowers. The policy of
avoid risks. Both risks and rewards can be quantified and ‘Prevention is better than cure’ is actually applied in ABL to
if reward is greater than the risk project is viable. In today’s mitigate future generated risk. We consider them as follows:
immense competed market every institute need to have
a) CRG form in which borrowers’ all kinds of personal
future forecasting and present market penetrating strategy.
information, business nature and pattern, future
ABL a large SOB has countrywide service network with its 941
interaction with the bank etc. are cited and properly filled
branches and other administrative offices like circle, zonal
in
office and head office. So it is an inseparable task to mitigate
overall risk to reap its reward for healthy banking scenario. b) KYC (Know Your Customer) to avoid fake institution or
person and to measure financial strength. It is an effective
To serve this purpose ABL has a separate division named
tool for bank. In this prescribed form total information is
‘Risk management division’ as to deal with risk portfolio. It
affixed.
co-ordinates all risky phylum with management. Various
types of operations like stress testing, Duration Gap analysis, c) Collaterals:
Calculation of Minimum capital requirement (MCR), Liquidity
Coverage ratio (LCR), Net Stable Funding Ratio (NSFR) etc. It is the main tool to mitigate risks of a borrower. So it is
are done to find out risky event. To find out instant arisen risk carefully in corporate in the borrower’s documents. The
surprise visit is conducted by the delegated authority and following things are keenly observed in case of taking
instant steps are taken. collateral.
ABL as a SOB it is the custodian of public money. It has Ownership

to collect public money as deposit and provide several The legal owner ship examined properly. Absolute ownership
monetary services and advices to its clients and some where of the creditor makes it easy to liquidate them in case of
other mass people. It stands by the distressed people in time recovery when the obligator refuses to pay back debt. So
of natural and other types of disaster. So it keeps a keen eyes papers in this regard are vetted with our expert legal advisers.

Risk Management
Value of Collaterals rearrangement of the two sides of the balance sheet to obtain
The present value of the fluctuation of collateral/securities is reasonable returns-while providing adequate capital, liquidity
considered. If the converted present value covers the defined and responsiveness to both internal and external factors.
risk then the credit is sanctioned or extended.
Asset-liability management desk of the bank closely monitors
Insurance and controls liquidity requirements on daily basis of
All the properties considered as collateral must be insured as appropriate coordination of funding activities. The principle
any damage of collateral can be recovered by the insurer. Any responsibility of the liquidity risk management of the bank
refusal of insurance by the counterparty would be considered rests with Treasury Division which maintains liquidity
ineligibility. based on historical requirements, current liquidity position,
anticipated future funding requirement, sources of fund,
NPL Management in ABL
present and anticipated asset quality, present and future
Now-a-days it is a hard task to manage NPL in banking arena.
earning capacity etc. The overall objective is to provide cost
NPL is the asset that performs no income for the bank. On
effective funding to finance the asset growth and trade related
the other hand a provision is to be kept from income that
transactions, minimize the funding cost, increase spread with
hampers on capital of the bank. Non-performing loans and
the lowest possible liquidity, maturity, foreign exchange and
written-off loans are of this kind. A special work plan has
interest rate risks.
been chalk out to recover from NPL. Own NPL management
division and CL division co-ordinates the program as it To deal with Asset-Liability Management risk, ABL has a
secretariat. In this plan from our MD & CEO to all succeeded dedicated committee called the Asset- Liability Committee
executives and branch level related officers have been (ALCOM) comprising of the senior officials of the Bank to make
included. In this work plan MD & CEO of the bank has taken important decisions related to the Balance Sheet, Liquidity,
the responsibility of top-20 non-performing loans and top- Interest Rate Risk and Foreign Exchange risk of the Bank.
20 written-off loans. Then DMD has been engaged for next The ALCOM generally meets at least once in every month
top-20 of the non-performing and written-off loans. Thus and reviews liquidity requirement, the maturity of assets
the decedents have been delegated accrdingly. Total team and liabilities, deposit and loan pricing strategy/transfer
performed accordingly and it brought fruitful effect for the pricing, sensitivity of assets and liabilities, key management
bank. Banks conducts time to time meeting with default client indicators and the liquidity contingency plan of the bank.
to understand their problems to meet up the set terms and In every ALCOM meeting the key points of the discussions
conditions. Bank gives them strategic support to convert the are minuted and the action points are highlighted to ensure
NPL to performing assets. When all these tools fail then it goes implementation. As a part of regulatory requirement, the
to court to recover them. A set of expert panel lawyers has
management reviews the ALM manual and its components
been engaged to fight the law suit. About thirteen thousands
regularly.
employees are engaged to mitigate all risk and serve the
people of all strata of the nation to bring this institute the fast To manage the interest rate risk in ABL, ALCOM regularly
growing financial leader. monitors money market condition as well as the bank’s
interest rate on both deposit and lending. However bank
Asset-Liability Management (ALM) Risk
has been identifying both the interest rate sensitive assets
Asset and Liability management is very essential for banks.
and Liabilities and classified them into different time bucket
The Asset-Liability Management has been structured as a
to find the assets/liability mismatch. ABL has a contingency
systemic process to earn a sufficient return while maintaining
plan to reduce unexpected or unusual situations which could
a comfortable surplus of assets beyond liabilities.Asset-
lead to market disruption. Contingency plan can provide a
Liability mismatches create liquidity risk. Liquidity risk is
useful framework for managing liquidity risk both in short
termed as the possible inability of the bank to meet its
term and in the long term. Further, it helps ensure that bank
financial obligations on account of maturity mismatch
prudently and efficiently manage routine and extraordinary
between assets and liabilities. It also includes inability to
fluctuations in liquidity. ABL maintains sufficient liquidity
liquidate any asset at reasonable price in a timely manner.
including a cushion of encumbered, high quality liquid
Liquidity risk can arise due to market liquidity or funding
liquidity. ALM is a balancing act, involving the continuous assets, to withstand stress events. In 2017, the bank was
149
Risk Management
able to generate sufficient funds to meet all of its financial the foreign exchange risk. Bank also developed different
commitments in a timely and cost effective manner. strategies to control foreign exchange risk by setting limits on
net open position by currencies, overall gross limit for forward
Money Laundering Risk transaction, maximum loss limits per deal and per day,
Money laundering is the process of creating the appearance counterparty limit etc. Market scenario of risk is monitored
that large amounts of money obtained from criminal activity, and measured by treasury division to manage the foreign
such as drug trafficking or terrorist activity, originated from exchange operations in such a way that earnings are not
a legitimate source. Money Laundering is one of the vital hampered against any adverse movement of market price.
core risks in banking sector. Any failure in AML compliance
brings reputational, legal and regulatory risks for a bank. The function of treasury Front Office, Mid Office and Back
Being a Bank company, the Agrani Bank Limited has statutory Office are segregated. Mid Office and Back Office are
obligation to comply with all applicable ALM rules and conducting operations in a separate location apart from
regulations. As regulatory purpose, ABL has carrying out Treasury Front Office. ABL’s Treasury Front Office i.e. Treasury
following activities: Division manages and controls day-to-day trading activities
under the supervision of Managing Director and CEO and
i) Central Compliance Unit (CCU): For mitigating the risks, suggestion/instruction of ALCO that ensures continuous
ABL has formed Central Compliance Unit ( CCU) at Branch monitoring of the level of assumed risk .Treasury Mid Office
& Subsidiaries Unit Control Division (BSUCD) in Head verifies deal and monitors limit. Back Office is responsible
Office.. The Bank has also nominated CAMLCO, Deputy for deal confirmation, settlement of transaction, transferring
CAMLCO centrally and BAMLCO at branches for monitoring fund to Nostro account, timely recording and reporting of
compliance issues related to Anti Money Laundering. information on exchange transactions and currency transfer
ii) Check & Sort out of KYC procedure: As a part of Know etc. Reporting lines of these three offices are separate and
Your Customer program, ABL performs reference check independent to ensure minimization of risk.
and background check in the process of employee
The ABL’s FOREX risk is minimal as foreign exchange trading
screening.
exposures are principally derived from customer driven
iii) Transaction Profile (TP): Every customer must specify in transactions. At the end of the month all foreign exchange
TP what will be the frequency and amount of transition. transactions are revalued at mark-to-market method as per
guidelines of the central bank. As of December, 2017 ABL
iv) CTR Monitoring: Monthly Cash Transaction Report to be
maintained 32 Nostro accounts to conduct FOREX operation
sent to Bangladesh Bank for the customers depositing or
in different currencies. All the Nostro accounts are reconciled
withdrawing cash BDT 1 million or above in any day.
fortnightly and outstanding entries are reviewed by the
v) STR Monitoring: Bank follows standard procedures to management for settlement.
detect suspicious transition of its clients and monitor
them closely. The NOSTRO accounts are verified by the external auditors
and reports are submitted to management and Bangladesh
vi) Anti Money Laundering (AML) policies: ABL has formulated Bank. Besides Bank’s Audit and Inspection Division is
Anti Money Laundering (AML) policies and disseminated to conducting annual audit to comply with the foreign exchange
all employees of the bank. risk management policy. Audit findings are submitted to
vii) Training & awareness: ABL conducts AML training / Internal Control and Compliance Division and are reported to
workshop with cooperation of ABL HR Training, Research the Board Audit Committee of the bank.
& Development Division on a periodic basis to enrich AML
/ CFT knowledge of its employees.
Information and Communication Technology (ICT)
Risk
Foreign Exchange Risk Management Information and communication technology (ICT) play an
Foreign exchange risk is the current or prospective risk to important role in the functioning of banks, and the risks
earning and capital arising out of adverse movement of associated with ICT may pose significant prudential impact
currency exchange rate. Foreign exchange risk management and even threaten the viability of the bank. ICT systems
is fundamental for safe and sound management of all are the backbone of almost all banking processes and
institution having exposure in foreign currencies. distribution channels and also support the automated
controls environment on which core banking data is based.
As per directives of central bank ABL formulated a well As a result of the increasing importance of ICT in the banking
defined policies and manual with a view to minimize industry, some recent trends include:

Risk Management
a) The emergence of cyber risks together with cybercrime; changes have been initiated by the bank in recent times.
and
i. ABL has introduced ATM services for its customers
b) The increasing reliance on outsourced ICT services and since 2002. ATM card holders of Agrani Bank Limited
third party products, resulting in manifold dependencies can withdraw cash from Shared ATM booths located at
and potential constraints different places of the country and can use all the ATM
Acknowledging the growing importance of ICT systems, booths under NPS (National Payment Switch).
potential impact from their failures and taking into account ii. ABL has introduced IT Audit functions and conducting
the technical specificities of ICT risk assessments for assessing audit on a periodic basis to affirm security in IT operations
ICT risk, bank adopts technology as part of its ongoing and handle potential IT threats thus protecting bank’s
strategic tool to face challenges in the emerging realities of information resources from cyber attack, hacking and
business. frauds.
The objective of performing risk management is to enable the iii. Agrani Bank Limited has been performing ‘Agrani Doer
organization to accomplish its mission(s) (i) by better securing Banking’ through agents to extend its banking services
the IT systems that store, process, or transmit information; to the door of unbanked and under banked areas of
(ii) by enabling management to make well-informed risk Bangladesh. The project is being run under the ‘Agent
management decisions and (iii) by assisting management Banking Guideline’ formulated by Bangladesh Bank. Agent
in authorizing the IT systems on the basis of the supporting Banking (Agrani Doer Banking) service has been expanded
documentation. in 200 agent locations around 160 linked branches.
Information Technology enables bank to measure its risk iv. All branches of the bank have been using computers and
exposure and control technology related risks and help are connected with Internet and foreign remittance can
reducing technology risk to an acceptable level. Ongoing be disbursed to the beneficiaries’ instantly using Money
and rapid changes in the technology landscape include gram, Western Union, Remit one etc.
increasing business use of technology, unparalleled spread v. The Bank has spread its branch automation throughout
and influence of social media and the increased use of mobile the country. As of December 2017, all the branches (941)
services, broadband etc. Therefore, IT risk management in the throughout the country are operating under CBS (T-24)
banking sector should be addressed with utmost care and software and all the products have been migrated in T-24
effort. In this connection, ABL has been working for upgrading
and enhancing its technology to meet client requirements vi. Bangladesh bank has started ‘RTGS (Real Time Gross
effectively, to adopt & adapt technological dynamism and to Settlement)’ activity for all the scheduled banks in the
meet internal information management. country. ABL in line with Bangladesh Bank Guidelines
formulated and implemented a policy for implementation
Agrani Bank Limited has an ICT policy developed line of RTGS transactions.
with the Bangladesh Bank Guidelines to cope with the
vii. SMS Alert service for any amount of deposits and
changing ICT environment. The Bank has also strengthened
withdrawal has been introduced by the bank in 2017.
networking, established Disaster Recover Site (DRS), and
developed Business Continuity Plan (BCP) to face the extreme viii. Different types of in-house Web Based Software have
competition locally and globally. Information Technology has been developed by the bank in 2017 for head office
enabled Agrani bank Limited to perform and execute efficient, superintendence, consolidation of information and
accurate and timely management of the huge transaction performing other necessary tasks.
volume arising from a larger customer base and has delighted ix. Online CL software has been developed by the bank for
the customers in terms of convenience and satisfaction. preparing the classified loan statement and to report it
Furthermore, ABL has adopted “Temenos24 (T24)”, a real time to Bangladesh Bank. Daily recovery statement from the
banking software to improve and ensure quality customer NPL (Non Performing Loan) has also been included in this
services and minimize technology related hazards. software.
As part of the continuous improvement of Information x. ABL has launched “online Inventory Software” for
Technology for fulfilling broad business objectives, following preparation of inventory statement as well as depreciation
151
Risk Management
calculation to ensure effective inventory management. to ensure the accuracy in documentation process and in
In addition to this, bank has developed online closing valuation of collateral. Besides, specific instructions have
software for collection of half yearly and annual closing been circulated throughout the bank highlighting the
statements timely, accurately, promptly and effectively. significance of proper documentation and valuation in
protecting credit risk arising from faulty documentation and
xi. ABL has introduced NID verification for various banking
purposes of the bank in branch level and assigned user valuation error.
ID and password to designated officials to access in the Operational Risk
server of Election Commission. Operational risk emerges from inadequate or failed internal
xii. Online bill collection of BTCL has also been introduced processes, people and systems or from external events.
in 2017 for collection and deposit of the bills in BTCL’s Operational risk can widely occur in banks due to human
system. errors or mistakes. Examples of operational risk may be
incorrect information filled in during clearing a check or
Other Risks confidential information leaked due to system failure, Security
Other than the core risk areas mentioned above, there are
breaches in which data is compromised etc. To minimize
other risk areas that must be taken into consideration for
operational risks, ABL has been performing regular and
smooth banking operations. These additional risk that bank
surprise audit under Internal control & compliance division
should address with caution to mitigate the risk level includes
and focusing on risk based audit, IT audit etc to detect
reputation risk, liquidity risk, operational risk, market risk,
irregularities and deficiencies in different operational layers
credit concentration risk, interest rate risk, settlement risk,
with respect to process, people, transactions and external
environmental and social change risk, residual risk and equity
price risk which are briefly discussed below: bodies and to ensure compliance of internal and regulatory
rules which help in reducing operational risks.
Reputation Risk
Just like any other institution, bank also faces reputational Liquidity Risk
risk which may be triggered by bank’s activities, non- Liquidity by definition means a bank has the ability to meet
compliance with regulations, bad customer services inside payment of its depositors and has enough money to give
bank branches and decisions taken by bank during critical loans. Liquidity risk may also arise out of lack of marketability
situations. Fraudulent activities by both internal or external of securities held by the banks due to illiquid state of the
people, negative media reporting, delay in settlement of any market. So liquidity risk is the risk of a bank not being able
overdue bills etc are also considered as factors of reputation to have enough cash to carry out its day-to-day operations.
risk. ABL in line with the Bangladesh Bank guidelines focuses The liquidity situation of a bank is ultimately a function of
on issues like-internal & external fraud activities, credit confidence: the confidence of counterparties and depositors
rating of the bank performed by ECAI, quality of customer in the institution and its perceived solvency or capital
services, delay in payment and receipt of overdue bills and adequacy.
take cautious steps to minimize risk and capital requirement
against those risk areas associated with reputation risk as per ABL has put strategies for prudent liquidity risk management
Supervisory Review Process under Pillar 2 of Basel III. in ALM guidelines of the bank which is followed and evaluated
in ALCO meeting of the bank on a regular basis. Besides Bank
Residual Risk has a board approved liquidity funding plan in place to ensure
Residual risk is the likelihood of occurrence of adverse liquid funds when it is needed at reasonable cost and time.
effects on financial result and bank’s capital due to the At the same time balance sheet components are designed
fact that credit risk mitigation techniques are less efficient in a manner that ensures liquidity management and avoids
than anticipated or their implementation does not have adverse effects.
sufficient influence on the reduction of risks to which the
bank is exposed. Apart from the default of borrowers or Credit Concentration Risk
fall in the quality of credit, bank faces problems relating to Concentration risk in credit portfolios comes from an uneven
documentation management (lack of proper documentation) distribution of bank loans to few individuals (single-name
or improper valuation (Error in valuation; over or under concentration), entities, sectors, groups and geographic
valuation) of collateral received against the loan which may locations (sectoral concentration). Credit concentration risk
affect the aid in legal action and risk mitigation and resulting may cause material losses to bank or make material changes
in loss of assets or resources. To avoid residual risk, ABL in bank’s risk profile. Credit Concentration may arise from the
has strengthened the loan disbursement and monitoring following:

Risk Management
i) Concentration to economic sector, maintaining investment limit in line with the regulatory and
ii) Concentration to a single borrower, bank’s own policy.
iii) Concentration to group of borrowers, Foreign exchange risk
iv) Concentration to geographic region, The risk of losses for maintaining net asset or net liability
v) Concentration to top borrowers position in foreign-currency assets and liabilities and
foreign exchange prices are different from the prices initially
Higher concentration in any of the above categories
expected. In ABL, treasury and Foreign Currency management
increases risk of the bank. To avoid concentration risk,
Division is in place to manage foreign exchange risk and ALCO
ABL has developed strategy to diversify credit portfolio
along with International Division monitors the entire foreign
and redistribute credit disbursement procedures from the
exchange activities of the bank.
branches nearest to the factory/entity/borrower ‘s location.
Settlement Risk Environmental and Social risk management

As environmental risk has gradually become a common risk
The risk that arises when payments are not exchanged
faced by the global financial sector, poor environmental
simultaneously. The risk is that the counterparty may default
performance of a bank’s borrowing customers will lead to
before making the counter payment.
questioning of the banks’ capabilities in environmental
Settlement risk emerges from the situation where bank risk management in its lending portfolio, thus reducing the
suffers from non-realization of receivables or defer payment profitability of the bank.
of bills when it falls due. ABL has strengthened supervision,
Giving emphasis on the above aspects, Bangladesh
monitoring and tracking for realization of receivables and
Bank formulated the guidelines on Environmental Risk
settlement of payables in time. In this connection, bank
management (ERM) in 2011 and changed the guidelines in
reviews counterparty limit and exposure on regular basis to
2017 in the name “Environmental & Social Risk Management
avoid settlement risk.
(ESRM) Guidelines”.
Market Risk
The objectives of Environmental and Social Risk Management
Market risk” is the risk that a bank will incur losses because
(ESRM) guidelines of Bangladesh Bank published in 2017
of a change in the market variables resulting from changes in
are (i) to understand and manage risks that arise from
interest rates, securities prices, foreign exchange rates, and
environmental concerns, (ii) to establish a minimum standard
other market risk factors. There are three forms of market risk:
to incorporate the active evaluation of environmental and
interest-rate risk, Price fluctuation risk of equities and Foreign
social issues in assessing Probability of Default (PD) of credits
exchange risk.
of bank and (iii) to promote sustainable business practices
Interest Rate Risk in Bangladesh. The applicable areas of the loan categories
Interest rate risk is the probability that variations in the in the ESRM Guidelines included Agriculture, SME, corporate
interest rates will have a negative influence on the quality finance, trade, retail & microfinance and project finance.
of a given financial instrument or portfolio, as well as on
Potential Environmental & Social (E&S) risks may not seem
the institution’s condition as a whole. It is the risk of losses
significant or relevant at the time of approval of a financial
because of changes in interest rates, and the risk of declining
transaction, but may become so during execution as a
profits or losses because of changes in interest rates for
result of higher regulatory standards and increased levels of
having a mismatch of interest rates and/or periods for its
enforcement.
assets and liabilities. ALCO with the help of treasury division
monitors the interest rate movement on a regular basis and To comply with Bangladesh Bank guidelines and adoption
address the risk arising from maturity mismatches between thereof, ABL has set up a separate division in the name
assets and liabilities. “Sustainable finance Division” as part of the compliance,
operations and reporting of bank’s environmental and
Equity Price Risk
social risk management aspects. Besides, ABL considers
It’s the potential loss due to an adverse change in the stock
environmental and social risk aspects before financing
price in the market. Any negative change in stock price either
any loan and acknowledges environmental & social risk
leads to a loss or diminution in investments’ value. ABL has
management issues as part of regulatory standard and of
been performing the equity trading in a prudent manner to
moral responsibility.
mitigate equity price risk by diversification of portfolio and
153
Disclosure
Under Basel-III
These disclosures have been made in accordance with b) An outline of differences on the basis of consolidation
the Guidelines on “Risk Based Capital Adequacy (Revised for accounting and regulatory purposes, with a brief
Regulatory Capital Framework for banks in line with Basel III)” description of the entities within the group:
issued by Bangladesh Bank vide BRPD Circular No-18 of 21
December 2014. 1) That is fully consolidated.
ABL’s Minimum Capital Requirement (MCR) has been
The purpose of Market discipline in the Revised Capital
arrived at both on Solo & Consolidated Basis.
adequacy Framework is to complement the minimum capital
requirements (MCR) under Pillar I and the supervisory review 2) The following items are given a deduction treatment.
process under Pillar II and to establish more transparent and
• Deferred Tax Assets
more disciplined information on the position of the bank
regarding holding of assets, assets quality, risk management • Intangible Assets (Software)
framework & Process, risk mitigation techniques relating to Following are the Five subsidiary companies of Agrani Bank
the risk exposures and capital adequacy management so that Limited.
stakeholders can assess the compliance status of the bank in
risk related issues.
i) Agrani Equity & Investment Limited
The major highlights of the regulations regarding Agrani Bank Limited is the parent company of Agrani Equity
measurement of Risk Weighted Assets and capital & Investment Ltd. which is established to perform merchant
requirement: banking activities in Bangladesh.
a) To assess Minimum Capital Requirements to be Name : Agrani Equity &

maintained by a bank against credit, market and Investment Ltd.
operational risks
Date of incorporation : 16.03.2010
b) To maintain Capital to Risk Weighted Assets Ratio (CRAR)
Date of Commencement : 16.03.2010
at a minimum of 10 percent
Authorized Capital : Tk. 500,00,00,000
c) To adopt the standardized approach for credit risk in
relation to implementation of Basel-III Paid up Capital : Tk. 400,00,00,000
Ownership Interest in Capital : Tk. 400,00,00,000 (100%)
d) To adopt Standardized (Rule Based) Approach for market
risk
ii) Agrani SME Financing Company Limited
e) To adopt Basic Indicator Approach for Operational risk Agrani Bank Limited is the parent company of Agrani SME
f) To ensure public disclosures on the positions of a bank’s Financing Company Limited which is established to perform
risk profiles, capital adequacy and risk management retail banking activities in Bangladesh.
system
Name : Agrani SME Financing
g) To submit the returns to Bangladesh bank on a regular Company Limited
basis Date of incorporation : 27.10.2010
Disclosure Framework Date of Commencement : 27.10.2010
The following detailed qualitative and quantitative
Authorized Capital : Tk. 500,00,00,000
disclosures as on December 31, 2017 are furnished in line
with Bangladesh Ban’s Risk Based Capital Adequacy (RBCA) Paid up Capital : Tk. 100,00,00,000
guidelines. Ownership Interest in Capital : Tk. 100,00,00,000 (100%)
Scope of application iii) Agrani Exchange House Private Limited, Singapore

Qualitative Disclosures Agrani Bank Limited is the parent company of Agrani
a) The name of the top corporate entity in the group to which Exchange House Private Limited, Singapore which is
this guideline applies is Agrani Bank Limited. established to perform activities as remittance house.

Disclosure
Under Basel-III
Name : Agrani Exchange House d) Quantitative Disclosures

Private Limited, Singapore
Since the Capital requirement of ABL has been arrived at both
on Solo & Consolidated basis as such capital requirement of
above mentioned subsidiaries have not been assessed.
Authorized Capital : SGD 10,00,000
Paid up Capital : SGD 10,00,000 2. Capital structure
Ownership Interest in Capital : SGD 10,00,000 (100%) Qualitative Disclosures
iv) Agrani Remittance House SDN, BHD, Malaysia a) The composition of regulatory capital is different from
Agrani Bank Limited is the parent company of Agrani accounting capital in line with Basel regime. As per the
Remittance House SDN, BHD, Malaysia which is established to
RBCA Guidelines each bank has to maintain CRAR on
perform activities as remittance house.
Consolidated basis and solo basis as per instructions
Name : Agrani Remittance House given by Bangladesh Bank from time to time. The
SDN, BHD, Malaysia minimum CRAR for the year ended December 31, 2017 was
Date of incorporation : 18.08.2005 10%. The regulatory capital under Basel-III is composed of
Date of Commencement : 13.01.2006 (i) a. Common Equity Tier-1 Capital (CET-1), b. Additional
Authorized Capital : MYR 50,00,000 T-1 Capital and (ii) Tier-2 capital. The capital structure of
ABL consists of Common Equity Tier-1 and Tier-2 capital.
Paid up Capital : MYR 30,00,000
Ownership Interest in Capital : MYR 30,00,000 (100%) Common Equity Tier- 1 Capital comprises of paid
up Capital, Statutory Reserve, General Reserve and
v) Agrani Remittance House Canada, Inc. Retained Earnings.
Agrani Bank Limited is the parent company of Agrani

ABL has no such capital under the criteria of Additional
Remittance House Canada, Inc. which is established to
perform activities as remittance house. Tier-I capital
Name : Agrani Remittance House Tier-2 Capital consists of General Provisions, Non-
Canada, Inc. Convertible redeemable Subordinated Bond issued
to meet Tier-2 capital, Revaluation Reserve for fixed
assets, Securities and Equity instruments.
Authorized Capital : CAD 100
Paid up Capital : CAD 100
Non-convertible Subordinated Bond
Ownership Interest in Capital : CAD 100 (100% owned by
Agrani Bank Limited) Agrani Bank Limited issued Redeemable Non Convertible
3) That is neither Solo nor deducted (e.g. where the floating rate Subordinated Bond of BDT 7,000,000,000
investment is risk- weighted). (Seven Hundred Crore) for a term of 07 years to strengthen
the capital base of the bank on the consent of BSEC vide
The accounts Of the ABL’s above mentioned subsidiary
letter no. BSEC/CI/DS-88/2017/712 dated 26.12.2017 and
companies have been consolidated. However, the
investment in these subsidiaries has not been deducted NOC issued by Bangladesh Bank vide BRPD letter No. BRPD
from the capital of ABL. (BFIS)661/14B(P)/2017-8691 dated: 28-12-2017. Of the total
issued limit of BDT 7,000,000,000 (Seven Hundred Crore), bank
c) Any restrictions or other major impediments on transfer of
has raised BDT 6,000,000,000 (Six Hundred crore) in 2017 and
funds or regulatory capital within the group.
used the amount as a component under Tier-2 Capital.
Yes, there are.
155
Disclosure
Under Basel-III
Quantitative Disclosures During the same period Minimum Capital Requirement (MCR)
of the bank was BDT. 3367.89 Crore and Eligible Capital was
(Taka in crore)
BDT 3448.27 Crore.
Particulars Solo Consolidated
(A) Taka in crore
Paid up capital 2072.29 2072.29 Quantitative Disclosures Solo Consolidated
Non-repayable share premium b) Capital requirement for
0.00 0.00 2848.61 2796.41
account Credit Risk
Statutory reserve 779.55 783.45
c) Capital requirement for
General reserve 53.71 59.18 151.10 242.60
Market Risk
Retained earnings (103.21) (97.45)
Minority interest in subsidiaries 0.00 0.00 d) Capital requirement for
368.18 377.39
Operational Risk
Dividend equalization account 0.00 0.00
Others (Any item approved by
32.91 32.91 e) Total and Tier- 1 capital ratio 1.00 :0 .60 1.00 : .60
BB)
Sub-Total (Common Equity
2835.25 2850.38 • For the consolidated group
Tier-1 Capital) Yes
and
Deductions from Common
768.91 768.91
Equity Tier-1 capital • For stand alone Yes
Total Common Equity Tier-I
2066.34 2081.47
Capital (A) Could not Could not
(B) f) Capital Conservation Buffer
maintain maintain
Amount of Tier-2 Capital 1768.80 1768.80
g) Available Capital under Under
Deductions from Tier-2 capital 386.87 386.87 Under process
Pillar-2 requirement process
Total Tier-II Capital (B) 1381.93 1381.93
Total regulatory capital (A+B) 3448.27 3463.40 4. Credit Risk
3. Capital Adequacy Qualitative Disclosures Qualitative Disclosures

a) Credit risk is the potential that a bank’s borrower or
a) With regard to regulatory capital computation counterparty fails to meet its obligations in accordance
approaches (Minimum Capital Requirement) the bank is with the agreed terms. Bank is exposed to credit risk
following the approach as prescribed by Bangladesh Bank.
Below are risk wise capital computation approaches that the from its dealing with or lending to corporate, individuals,
bank is currently applying: and other banks or financial institutions. As regards
capital charge for Credit Risk, all assets in Banking Book
• Credit Risk: Standardized Approach (SA) have been risk-weighted strictly based on pre-specified
• Market Risk: Standardized Approach (SA) weight as determined by Bangladesh Bank as per RBCA
guidelines. However, the bank has conducted proper
• Operational Risk: Basic Indicator Approach (BIA)
mapping with the grading of Bangladesh Bank for those
Capital of the Bank exposures or claims graded by External Credit Assessment
Institution (ECAI).
In parallel to business growth, the bank effectively manages • Definitions of past due and impaired (for accounting
its capital to meet regulatory requirement considering the risk purposes).
profile. Below are few highlights:
As per guideline of Bangladesh Bank, All Loans and Advances
• Currently Bangladesh bank prescribed Minimum Capital are grouped into 4 (four) categories namely- Continuous Loan,
to Risk Weighted Assets Ratio (CRAR) is 10% whereas as Demand Loan, Fixed Term Loan and Short-Term Agricultural
on December, 2017 the CRAR of the Bank was 10.24%. Credit & Micro Credit for the purpose of classification. The

Disclosure
Under Basel-III
bank follows Bangladesh Bank circulars and Guidelines @ 20%, 50% and 100% on classified (substandard/doubtful/
related to classification and provisioning to define past due bad-loss) loans are made on the basis of instructions
and impairment. General provisions @ 0.25% to 5% under contained in BRPD Circular/s. The summary of some objective
different categories on unclassified loans (standard/SMA) and criteria for loan classification and provisioning requirement is
@ 1% on off balance-sheet exposures, and specific provisions as follows:
Loans Classification
Type of
credit facility Sub standard Doubtful Bad & Loss
Provision Overdue Provision Provision
Overdue Period Overdue Period
(%) Period (%) (%)
6 months or more
Continuous Loan & 3 months or more but 9 months
20% but less than 9 50% 100%
Demand Loan less than 6 months or more
months
6 months or more
Fixed Term Loan 3 months or more but 9 months
20% but less than 9 50% 100%
More than Tk.10 lac less than 6 months or more
months
9 months or more
Fixed Term Loan 6 months or more but 12 months
20% but less than 12 50% 100%
up to Tk.10 lac less than 9 months or more
months
12 months or more 36 months or more
Short Term Agriculture 60 months
but less than 36 5% but less than 60 5% 100%
& Micro Credit or more
months months
• Description of approaches followed for specific and ABL’s credit policy is based on the customers” need for
general allowances and statistical methods. their business, earning capacity of borrower, the repayment
capability of the business, and the value of collateral.
• The Bank has been following Standardized Approach
for assessing the requirement of Capital charge against The Credit policy of the bank focuses on the economic goal
Credit Risk. The methodology used for this approach is of the country and policies adopted by the Government. It
to rate the exposures by the External credit Assessment strives towards the materialization of the Government policies
Institution (ECAI). leading to overall economic development of the country.
• Discussion on the bank’s credit risk management policy:
Bank’s Loan Review Policy is in place to address the problem
• The Bank has a well structured delegation of credit loans and to initiate appropriate action to protect the Bank’s
approved authority for ensuring good governance and interest on a timely basis.
better control in credit approval system.
ABL strictly adheres to the regulatory policies; rules etc. as
Considering the key elements of credit risk, the bank has regard to credit management and are in compliance with
established Credit Risk Management framework in line with regulatory requirements as stipulated by Bangladesh Bank
the Bank’s Credit Risk Management (CRM) policy guideline from time to time. The objective of credit risk management is
and the Credit Risk Grading (CRG) system. This framework to minimize the different dimension of risks associated with
defines CRM structure, role, responsibilities and the processes credit exposures and to maintain credit risk profile of the bank
to identify, quantify, and manage risk under the given policy. within a tolerable range.
The CRM policy is reviewed from time to time to adopt new
techniques, policies for measurement, management and Quantitative Disclosures
mitigation of risks in line with the socioeconomic scenario
b) Total (gross) Credit Risk Exposure broken down by major
and investment environment of the country.
types of credit exposure is appeared below:
157
Disclosure
Under Basel-III
(Taka in crore) Funded (Taka in crore)

Solo Consolidated Agriculture & Fishery 1,480.17
Funded 57893.86 57400.71 Jute & Jute Goods 970.11
Non Funded 2392.71 2392.71 Transport, Storage & Communication 375.86
Total 60286.57 59793.42 Ship Breaking 97.54
c) Geographical distribution of exposures, broken down to Textile & Readymade Garments 3,102.66
significant areas by major types of credit exposure. Food & Allied Industry 471.21
Balance Sheet Exposures (Loans & Advances) Construction & Engineering 1,087.84
(Taka in crore) Pharmaceuticals & Chemicals 143.82
Region Urban Rural Total Leather Sector 451.74
Dhaka Region 19,403.81 527.83 19,931.64 Power Sector 819.42
Chittagong Region 2,190.87 92.61 2,283.48 Professional & Services 202.89
Khulna Region 1,612.70 676.21 2,288.91 Housing Services 946.04
Rajshahi Region 1,467.59 523.62 1,991.21 Wholesale/ Retail Trading 7,610.03
Barisal Region 434.01 277.71 711.72 Personal (Staff & other personal Loan) 4,821.95
Sylhet Region 366.44 132.26 498.70 Bank & other Non-Financial Institution -
Rangpur Region 912.36 458.04 1,370.40 Electronics & Automobile -
Mymensing Region 861.82 491.62 1,353.44 Cement & Ceramic -
Comilla Region 502.52 316.76 819.29 Others 9,330.58
Faridpur Region 501.36 161.71 663.07 Total 31,911.86
Sub Total 28,253.49 3,658.37 31,911.86 e) Residual Contractual maturity breakdown of the whole
portfolio by major types of credit exposure.
Off-Balance sheet exposure
(Taka in crore)
Region (Taka in crore)
Repayable on Demand 1,534.98
Dhaka Region 9,429.53
Not more than 3 months 3,907.01
Chittagong Region 548.48
More than 3 month but not more than 1 4,554.40
Khulna Region 128.42
year
Rajshahi Region 167.65 More than 1 year but not more than 5 10,205.83
Barisal Region 14.63 years
More than 5 years 11,709.63
Sylhet Region 434.26
Total 31,911.86
Rangpur Region 1,572.30
Mymensing Region 4.51 f) By major industry or counterparty type:
Comilla Region 26.54 • Amount of impaired loans and if available, past due
Faridpur Region 7.46 loans, provided separately: TK 3,609.20 crore
Total 12,333.77 • Specific Provisions : TK. 2,750.15 crore
• General provisions : TK. 393.46 crore
d) Industry or counterparty type distribution of exposures, • Charges for specific allowances and charge-offs during
broken down by major types of credit exposure. the period : Not Applicable

Disclosure
Under Basel-III
g) Gross Non Performing Assets (NPAs): TK. 6,359.35 crore. The equity markets are traditionally volatile with a high
risk, high- returns profile. In an uncertain market place
Non Performing Assets (NPAs) to Outstanding Loans &
advances: 0.20: 1.00 like the present, investors cannot afford to place all
hope in only one product. Therefore, it is very important
Movement of Non Performing Assets (NPAs) to protect the total investment value by means of
diversification.
(Taka in crore)
Opening balance 6,804.49 • Equity holdings under the banking book are recorded in
the books of accounts at cost price.
Additions during the year 639.66
Reductions during the year (1,874.60) Quantitative Disclosures
b) Value of investments disclosed in the balance sheet, as
Closing balance 5,569.55
well as the fair value of those investments; for quoted
Movement of specific provisions for NPAs: securities, a comparison to publicly quoted share values
where the share price is materially different from fair value.
(Taka in crore)
Market Value (Quoted
Opening balance 3,057.45 Book Value (Quoted Shares)
Shares)
Provisions made during the period 90.30
578.21 crore 439.05 crore
Recoveries of amount previously -
Written-off
Provisions are kept against publicly quoted shares where
Provision add back during the year (389.98) the share price is materially different from fair value which is
Transfer to Profit & Loss A/C - negative. However, no unrealized gain from publicly quoted
Less: Written-off (7.62) share is accounted for. In case of publicly quoted shares only
Closing balance 2,750.15 realized gain is accounted for.

c) The cumulative realized gains (losses) arising from sales
5. Equities: Disclosures for Banking Book Positions and liquidations in the reporting period. Cumulative
realized gain arising from sales of shares: Tk. 32.86 crore
Qualitative Disclosures
d)
a) The general qualitative disclosure requirement with
respect to equity risk, including: • Total unrealized gains/ (losses)
• Differentiation between holdings on which capital gains Unrealized gain/ (loss) against investment in quoted
are expected and those taken under other objectives shares is Tk. (389.74) crore
including for relationship and strategic reasons; • Total latent revaluation gains/ (losses)
ABL has considerable investment in equity shares of
various companies and mutual funds and has active • Any amounts of the above included in Tier- capital.
participation in the secondary market. In the investment Not Applicable
process ABL strictly follows the internal policies and
e) Capital requirements broken down by appropriate equity
procedures put into place in this respect. ABL also holds
groupings, consistent with the banks methodology, as
unquoted equities intent of which is not trading and the
well as the aggregate amounts and the type of equity
same are shown as banking book asset in the balance
investments subject to any Supervisory provisions
sheet. As these securities are not quoted or traded in
regarding regulatory capital requirements.
the bourses they are shown in the balance sheet at
cost price and no revaluation reserve has been created TK. 109.74 crore (Investment in unquoted share Tk. 877.93
against these equities. Crore × 1.25 Risk weight × 10% Capital requirement) has been
159
Disclosure
Under Basel-III
assessed against unquoted equity holdings and shown in Particulars Amount (Tk. in crore)
MCR.
Total Risk Sensitive Assets 30457.12
6. Interest rate risk in the banking book (IRRBB) Risk Sensitive Liabilities 29025.07
Weighted Average Duration
Qualitative Disclosures 1.63
of Assets (DA)
a) The general qualitative disclosure requirement including
the nature of IRRBB and key assumptions, including loan Weighted Average Duration
0.90
of Liabilities (DL)
pre-payments and behavior of non-maturity deposits, and
frequency of IRRBB measurement. Duration Gap (DA-DL) .78
1% 2% 3%
Interest rate risk in the banking book arises from
Assumed change in Interest rate
mismatches between the future yield of assets and their
funding costs. Interest rate risk is the potential that the Minor Moderate Major
value of the on- balance sheet and the off-balance sheet Repricing Impact
positions of the bank would be negatively affected with Changes in value of bond
the change in the interest rates. Changes in interest portfolio (Under stress -237.12 -474.23 -711.35
rates also affect the underlying value of the bank assets, testing)
liabilities and off-balance sheet instruments because Capital After shock 3302.49 3079.69 2856.90
the economic value of future cash flows changes when CRAR aftershock (%) 9.81 9.14 8.48
interest rates changes. Assets Liabilities committee (ALCO)
monitors the interest rate movement on a regular basis. 7. Market Risk
The bank uses a simple Sensitivity Analysis as well as Qualitative Disclosures

Duration Gap Analysis to determine its vulnerability d) Views of the Board of Directors (BOD) on trading/
against the adverse movement of market variables. investment activities.
For changes in interest rates, currently, ABL is more risk Market Risk is the risk that the fair value of future cash flows of
sensitive for its Assets comparable to its liabilities. financial instruments will fluctuate due to changes in different
The Bank is on a continuous process of re -structuring in market variables, namely
its assets and liabilities to make a balance between them i) Interest rate movements; ii) Currency -foreign exchange
and to bring the situation back in its favor for any change rate movements; iii) Equity-Stock price movements; iv)
in interest rate. Commodity-Commodity price movements
Quantitative Disclosures The BOD of the Bank views the „Market Risk” as the risk to
b) The increase (decline) in earnings or economic value (or the bank’s earnings and capital due to Changes in the market
relevant measure used by management) for upward level of interest rates of securities, foreign exchange and
or downward rate shocks according to management equities as well as the volatilities of those changes. Market
methods for measuring IRRBB, broken down by currency Risk Management provides a comprehensive and dynamic
framework for measuring, monitoring and managing interest
(as relevant).
rate, foreign exchange as well as equity risk of a bank that
The bank has been exercising ‘Stress Testing’ based on needs to be closely integrated with the bank’s business
guidelines published by Bangladesh Bank to determine strategy.
the following: Methods used to measure Market risk
1) Impact on earnings and The Bank uses the standardized (Rule Based) approach to
calculate market risk for trading book exposures
2) Impact on Capital requirements.

Disclosure
Under Basel-III
Market Risk Management system Transactions, events etc. that are being taken place at the
Decision taken in the monthly meeting of Risk Management operational level monitored and reported.
and ALCOM is an important tool for managing market risk. If deviations are found, corrective actions are taken to bring
ALCOM is in place in the bank to administer the system.
the deviation back into the track.
Policies and processes for mitigating market risk
An MIS is in place and is used to identify record and assess
The only mitigation tool that the Bank uses is the “Marking to any kind of operational risk and to generate appropriate
Market” for mitigating market risk. regular management reporting.
Besides, a set risk/loss tolerance level is in place to mitigate Since inefficiency is one of the root causes of operational risk,
market risk.
the Bank trains its operational staff on regular basis to make
them more effective and efficient for mitigating operational
Quantitative Disclosures Solo Consolidated risks. Operational Risk Management Framework has been
designed to provide a sound and well-controlled operational
(b) The capital requirements (Taka In (Taka environment and thereby mitigate the degree of operational
for crore) In crore) risk.
Interest rate risk 67.13 67.13
Approach for calculating capital charge for operational
Equity risk 75.19 166.69 risk:
Foreign exchange risk 8.78 8.78
The Bank uses the Basic Indicator Approach to calculate the
Commodity risk 0.00 0.00 capital requirement of its operational risk.
8. Operational risk Quantitative Disclosures
Qualitative Disclosures
(b) Capital Requirements for operational risk: (Tk. in crore)
(a) Views of BOD on system to reduce Operational Risk: Particulars Solo Consolidated
The BOD of the bank views risk as Operational Risk those Capital requirements 368.18 377.39
arises from inadequate or failed internal processes, people
9. Liquidity Ratio
and systems, or from external causes, whether deliberate,
accidental or natural-inherent in all of the Bank’s activities. Qualitative Disclosures
The policy for operational risks management includes internal
control and compliance risk approved by the Board, taking (a) Views of BOD to reduce liquidity risk
into account relevant guidelines of Bangladesh Bank. The Liquidity risk can be defined as the possible inability of the
audit committee of the Board directly oversees the internal bank to meet its financial obligations on account of maturity
control and Compliance activities with the overall object of mismatch between assets and liabilities. The Board of
mitigating all operational risks. Directors of Agrani Bank Limited always strives to maintain
Performance gap of executives and staffs adequate liquidity to ensure that sufficient fund is available
for bank’s day to day operations as well as investment
Performance goals are most often attained by executives and
of excess liquidity in prudent way to optimize profit and
staff with a few exceptions.
maintain regulatory requirements.
Potential external events
The Board of Directors of the bank set policy, different
No potential external event is expected to expose the Bank to liquidity ratio limits and risk appetite for liquidity risk
significant operational risk. management. Moreover, in every BoD meeting, Treasury
Division places the liquidity position of the bank before the
Policies and processes for mitigating operational risk board to analyze and take decision about liquidity surplus/
The ABL manages this risk through a chain based processes shortfall.
which are documented, authorized and independent.
161
Disclosure
Under Basel-III
(b) Methods used to measure liquidity risk • Structural Liquidity Profile (SLP) is another tool for
The tools used to assess liquidity risks of Agrani Bank Limited mitigating liquidity risk which is prepared on monthly
are: basis as per the guidelines of Bangladesh Bank.
• Statutory Liquidity Requirement (SLR) Action Plan/ Mitigating Policy
• Cash Reserve Ratio (CRR)
A. In case of Liquidity shortage
• Asset to Deposit Ratio (ADR)
• Structural Liquidity Profile (SLP) (i) Short Term Plan:
• Maximum Cumulative Outflow (MCO) • Borrowing short term fund from inter-bank money market
• Liquidity Coverage Ratio (LCR) • Avail fund from central bank against Repo (ALS) /Special
• Calculation of Net Stable Funding Ratio (NSFR) Repo
• Volatile Liability to Total Assets Ratio • Avail unused credit facilities from banks /FI’s
• Sell of Govt. Securities
(c) Liquidity risk management system • Restriction to purchase of Govt. securities
Asset Liability Committee (ALCO) of the bank has the • Collecting short Term Deposit
responsibility of liquidity management which meets at least • Impose margin for L/C opening
once in every month. Asset and Liability Management (ALM) • Impose embargo on credit growth
desk closely monitors and controls liquidity requirements by
proper coordination of funding activities. To ensure proper (ii) Mid Term Plan :
liquidity management the authority of the bank has set some
• Re-fixing interest rate of deposit & advance as per liquidity
limits and instruction as follows:
requirements of the bank
• LCR should be at 150% to 200% • Recovery from overdue, classified & written-off loan
• NSFR should be at 105% to 110% • Introducing new attractive deposit products
• ADR should be at 60%-65% • Strengthen MIS & Reporting line
• MTF at 30% to 45% • Avail alternative sources of fund
• Wholesale Borrowing Limit should be up to 100% of bank’s B. In case of Liquidity surplus
eligible capital
(i) Short Term Plan
• Commitment Limit should be up to BDT. 6,740.00 crore
• MCO should not exceed 19% • Increase investment in interbank money market such as
• Prior intimation for withdrawal of deposit Call Money, Reverse Repo etc.
• Maturity profile of securities, term deposit and advance • Disburse maximum portion of undisbursed loan
• Preparing monthly projected cash flows • Purchase Govt. Securities
• Lending on short Term Deposit to interbank money
market
(d) Policies and processes for mitigating liquidity risk • Investment in Bangladesh Bank Reverse Repo
• To develop an extensive liquidity risk management, • Increase import business
Agrani Bank Limited has a useful framework for managing • Expand credit growth
liquidity risk under unexpected or unusual situations
which could lead to market disruption named the
(ii) Mid Term Plan
contingency funding plan. Contingency funding plan helps
to ensure that bank prudently and efficiently manage • Re-fixing interest rate of deposit & advance
routine and extraordinary fluctuations in liquidity. • Introducing new attractive loan products
• Maturity bucket/profile of cash inflow and outflow with • Strengthen MIS & Reporting line
net deficit or surplus (GAP) is an effective tool to determine • Use alternative investment
the cash position of the bank.

Disclosure
Under Basel-III
Quantitative Disclosures (c) Approach for calculating exposure
Taka in Crore Leverage ratio is calculated by dividing Tier 1 capital with

Particulars December, 2017 Total exposure. The exposure measure for the leverage ratio
will generally follow the accounting measure of exposure. In
Liquidity Coverage Ratio (in %) 750.40%
order to measure the exposure consistently with financial
Net Stable Funding Ratio (in %) 109.89% accounts, bank also makes the following adjustments:
Stock of High quality liquid assets 17403.47
Total net cash outflows over the next 30 2319.23 i. On balance sheet exposures are considered for calculation
calendar days after netting of specific Provisions, intangible assets
(Software) and Deferred Tax Assets (e.g. surplus/ deficit on
Available amount of stable funding 52426.67
Available for sale (AFS)/ Held-for-trading (HFT) positions).
Required amount of stable funding 47708.64
ii. Physical or financial collateral, guarantee or credit risk
10. Leverage ratio
mitigation purchased is not allowed to reduce on-balance
The leverage ratio is introduced into the Basel III framework sheet exposure.
to supplement risk-based capital requirements to avoid
iii. Netting of loans and deposits is not allowed.
building-up excessive on- and off-balance sheet leverage in
the banking system. The leverage ratio is calibrated to act as Quantitative Disclosures
a credible supplementary measure to the risk based capital
requirements. Figure in Crore Taka
Qualitative Disclosures Particulars December, 2017

Solo Consolidated
a)Views of BOD on system to reduce excessive leverage
Leverage Ratio (in %) 3.11% 3.12%
The Board of Directors of ABL primarily views on the growth
Tier-1 Capital after all 2066.34 2081.47
of on and off balance sheet exposures commensurate with regulatory adjustments
its expected capital growth so that the excessive leverage
On balance sheet exposure 64642.06 64847.62
is reduced. Within the On -balance components, the Board
emphasizes on the growth of the prime component i.e. the Off balance sheet exposure 2672.68 2672.68
loans and advances and maintaining good asset quality so as Total deductions from On and 768.91 768.91
to maximize the revenue as well as the capacity to generate Off Balance sheet exposures
capital internally (in the form of retained earnings) to trade- Total exposure 66545.83 66751.39
off the excessive leverage supposed to be caused by asset
growth. 11. Remuneration
(b) Policies and processes for managing excessive on a) Qualitative Disclosures

and off- balance sheet leverage (i) Name, composition and mandate of the main body
overseeing remuneration.
The bank reviews its leverage position as per the Guidelines
on Risk Based Capital Adequacy (revised regulatory capital At the management level, primarily the HR Planning,
framework for banks in line with Basel III). In addition, the Deployment and Operations Division oversee the
bank prepares a yearly Risk Appetite statement highlighting “remuneration” in line with its HR management
key risk areas including growth of assets size (both on and Off strategy/policy under direct supervision and guidance of
balance sheet exposures) of the bank with a desired internal Management Committee (MANCOM) of the Bank.
appetite/tolerance limit. Bank also formulates Annual Budget
(ii) External consultants whose advice has been sought, the
Plan and Capital Growth Plan in line with capital base, growth body by which they were commissioned, and in what
prospects and performance trends for managing excessive on areas of the remuneration process.
and off balance sheet leverage. Agrani Bank Limited follows National Pay Scale. No
163
Disclosure
Under Basel-III
external advice has been sought for remuneration process. (iii) A discussion of the ways in which these measures Affect
(iii) A description of the scope of the bank’s remuneration remuneration.
policy (e.g. by regions, business lines), including the Not Applicable
extent to which it is applicable to foreign subsidiaries and
branches (iv) A discussion of how the nature and type of these
measures has changed over the past year and reasons
The remuneration policy of Agrani Bank Limited
for the change, as well as the impact of changes on
in Bangladesh follows National Pay Scale. Foreign
remuneration
subsidiaries and branches also follow National Pay Scale
and the policy announced by the Ministry of Foreign Affairs Not Applicable
of the Peoples Republic of Bangladesh. (d) Qualitative Disclosures
(iv) A description of the types of employees considered as (i) An overview of main performance metrics for bank, top-
material risk takers and as senior managers, including the level business lines and individuals.
number of employees in each group
Individual employee (Excluding Head Office) has been
All Branch Manager, Zonal Head, Circle Head and Senior imposed a yearly target of Deposit Mobilization, Classified
Management at Head Office. Loan recovery, Fees & commission earnings, increasing
(b) Qualitative Disclosures Foreign remittance etc. But the target achievement does
(i) An overview of the key features and objectives of not affect in the remuneration policy of Agrani Bank
remuneration policy. limited.
Agrani Bank Limited follows National Pay Scale/2015 (ii) A discussion of how amounts of individual remuneration
declared by The Government of the Peoples Republic of are linked to bank-wide and individual performance.
Bangladesh
Remuneration is not directly linked to individual
(ii) Whether the remuneration committee reviewed the firm’s performance as Agrani Bank Limited follows National
remuneration policy during the past year, and if so, an Pay Scale declared by The Government of the Peoples
overview of any changes that were made. Republic of Bangladesh.
The remuneration policy of Agrani Bank limited follows (iii) A discussion of the measures the bank will in general
National Pay Scale/2015 from 1st July 2015. The implement to adjust remuneration in the event that
Government of the Peoples Republic of Bangladesh performance metrics are weak
declared National Pay Scale/15 on 15/12/2015 effect from
1st July, 2015 has also been taken as remuneration policy Not Applicable.
in Agrani Bank limited.
(e) Qualitative Disclosures
(iii) A discussion of how the bank ensures that risk and (i) A discussion of the bank’s policy on deferral and vesting
compliance employees are remunerated independently of of variable remuneration and, if the fraction of variable
the businesses they oversee. remuneration that is deferred differs across employees
Agrani Bank Limited follows a uniform salary structure for or groups of employees, a description of the factors that
all employee declared by The Government of the Peoples determine the fraction and their relative importance.
Republic of Bangladesh
The remuneration framework of the national Pay scale
(c) Qualitative Disclosures describes short term and long term benefits. Short term
(i) An overview of the key risks that the bank takes into benefits include salary, festival bonus and incentive
account when implementing remuneration measures. bonus as variable payments. Long term benefits include
Gratuity, Provident Fund, Superannuation Fund and Leave
Agrani Bank Limited follows a uniform salary structure for encashment etc.
all employee declared by the Government of the Peoples
Republic of Bangladesh (ii) A discussion of the bank’s policy and criteria for adjusting
deferred remuneration before vesting and (if permitted
(ii) An overview of the nature and type of the key measures by national law) after vesting through claw back
used to take account of these risks; including risks difficult arrangements.
to measure (values need not be disclosed).
Not Applicable Not Applicable.

(f) Qualitative Disclosures Total amount of guaranteed bonus (festival bonus): BDT
An overview of the forms of variable remuneration offered 68.04 Crore
(i.e. cash, shares and share-linked instruments and other
forms. A discussion of the use of the different forms of (iii) Number and total amount of sign- on awards made during
variable remuneration and, if the mix of different forms of the financial year. No sign-on award made during the
variable remuneration differs across employees or groups financial year.
of employees), a description the factors that determine (iv) Number and total amount of severance payments made
the mix and their relative importance. during the financial year.
Agrani Bank Limited follows National Pay Scale/2015 No severance payments made during the financial year.
declared by The Government of the Peoples Republic of
Bangladesh. (i) Qualitative disclosure
Total amount of outstanding deferred remuneration, split
(g) Number of meetings held by the main body overseeing into cash, shares and share- linked instruments and other
remuneration during the financial year and remuneration forms. Total amount of deferred remuneration paid out in the
paid to its member. financial year.
There were 40 (Forty) meetings of the Management Agrani Bank Limited follows Government remuneration
Committee (MANCOM) held during the year 2017. All the Policy. No deferred remuneration paid during the financial
members of MANCOM are from the core banking area/ year.
operation of the Bank. No additional remuneration was
paid to the members of the Management Committee for (j) Qualitative disclosure
attending the MANCOM meeting. Breakdown of amount of remuneration awards for the
financial year to show:
(h) Qualitative disclosure
Agrani Bank Limited follows Government remuneration
(i) Number of employees having received a variable Policy. No remuneration awards paid during the financial
remuneration award during the financial year. year.
Agrani Bank Limited follows Government remuneration - Fixed and variable.
Policy. No variable remuneration policy exists in Agrani
Bank Limited. Not Applicable
(ii) Number and total amount of guaranteed bonuses - Deferred and non-deferred.
awarded during the financial year.
Performance bonuses/Incentives given: 10224 employees Not Applicable.
(as on 31-12-2016) Different forms used (cash, shares and share linked
Number of total guaranteed bonus (festival bonus): 02 instruments, other forms)
(Two)
Not Applicable.
(k) Quantitative disclosures
Quantitative information about employees exposure to implicit

(e.g. fluctuations in the value of shares or performance units) and
Agrani Bank Limited follows National Pay
explicit adjustments (e.g. claw backs or similar reversals or downward
Scale/2015.
revaluations of awards) of deferred remuneration and retained
remuneration:
Total amount of outstanding deferred remuneration and retained
Not Applicable.
remuneration exposed to ex post explicit and/or implicit adjustments.
Total amount of reductions during the financial year due to ex post
Not Applicable.
explicit adjustments.
Total amount of reductions during the financial year due to ex post
Not Applicable.
implicit adjustments
165
Sustainability
Report 2017

Contents
Message from MD & CEO 168
Creating Sustainable Value through Banking Operation 169
Sustainability Approach 170-177
Value Added Statement 178
Economic Value Added (EVA) Statement 179-180
Green Banking 181-184
Corporate Social Responsibility (CSR) 185-189
Human Resource Management & Development 190-196
Automation and Digitalization 197-200
Stakeholder Engagement 201-204
Sustainability Scorecard 205
167
Message from Managing Director and CEO
crore. In distributing SME loans, ABL is the top among the

SCBs. ABL founded a subsidiary named “Agrani SME Financing
Company Ltd” for the betterment and development of SME
sector in Bangladesh.
Like previous year ABL remains first in 2017 to earn foreign
remittance among state-owned banks. ABL has earned
$1313.77 million foreign remittance, the highest among the
state-owned banks and the second highest among all banks
in Bangladesh. Agrani Bank is accomplishing an important
role by providing foreign currency in the national economy
and in the development of GDP as well as poverty reduction
of rural community, employment generation and creating the
opportunity to receive education and healthcare.
ABL contributes through substantial financing to the
infrastructure development. We are the only foreign currency
supplier for the Padma Bridge construction. The PPP program
is part of the Government’s ‘Vision-2021’ goal to ensure a
more rapid, inclusive growth trajectory and to better meet the
need for enhanced, high quality public services in a fiscally
Mohammad Shams-Ul Islam
sustainable manner. Implementation of PPP in Bangladesh
Managing Director and CEO
for the first time, the Bank has invested Tk. 500 crore in
Gulistan-Jatrabari ‘Mayor Mohammad Hanif Flyover’.
Dear Stakeholders,
We live in a country where lot many works to be done to
We live in a time of unprecedented change. In business, we
deliver banking services to every citizen. To bring unbanked
face challenges and opportunities that are more critical
and underbanked people under the umbrella of banking
and complex than ever. The challenges are multifarious
services, Agrani Bank, following the guidelines of Bangladesh
and interlinked. Whilst we seek to reverse climate change,
Bank, has taken all-out initiatives to open ‘No frill Accounts’
conserve water and relieve poverty, we also care about
for the farmers, freedom fighters, government allowance–
issues such as human rights, banking with human touch and
taking men and women, garments workers, physically
supporting our nation. At the same time, we seek to act more
challenged people, street urchins, natural disaster victims of
ethically and responsibly, we also care about our own well
rural population by simplifying the KYC. The Bank has already
being and happiness.
opened 10 Tk. Accounts for more than 15 lakh farmers.
I am delighted to present before you our ‘Business
We believe that a skilled workforce is necessary to run
Sustainability Report 2017’. This is an important report that
banking business efficiently and in a sustainable manner.
summarizes the slew of positive changes we made during the
To convert our human resources into human asset, we
year, by following the tenets of financial prudence, operational
provided world class training to our employees. For better
excellence and enhancing capacity utilization for the Bank,
management analysis of human resources, we introduced
thereby creating long-term value for all of our stakeholders.
IHRM (Integrated Human Resources Management) software.
ABL has introduced ‘Agent Banking’ first ever among the We provided quality training, covering all aspects of banking
state-owned banks. By setting up 200 agent booths, we are industry through the year for the welfare and development
bringing greater rural unbanked and underbanked population of our workforce. For the enhancement of human asset, ABTI
under the banking facilities. We have plan to enlarge our agent (Agrani Bank Training Institute) has covered 8,120 participants
banking network in the coming years. by conducting 199 courses/workshops in 2017.
ABL is working in line with Government’s vision of making the We are committed to achieving long-term and stable growth
economy more inclusive which is the demand of time. ABL that creates sustainable value for shaping a better future for
has been providing banking services in 32 projects under the our stakeholders. I thank you for your strong support and
Social Safety Net Programs of the Government worth Tk. 4,000 belief in us and at ABL, we look forward to growing together
crore approximately every year without taking any service with you. Our success is defined by your well-being and the
charge. journey we embarked would go on.
We are proud to have increased our support for SMEs again in
2017 through increased lending across a wide range of sectors
with agriculture, retail, and small manufacturing being our Mohammad Shams-Ul Islam
primary focus areas. In 2017, we have distributed BDT 3,265.52 Managing Director and CEO

Creating Sustainable Value through Banking Operation
Key Highlights-2017
Financial
Green
Inclusion
01 Financing
BDT 375 million 02 Number of Accounts
28 million
Service to Value Addition

Social Safety through Economic
Net Program Banking Value Added
03 Worth
BDT 4,035 crore
04 Operation 05 BDT 1,750.00
million
BDT 17,314.40
(appx) in 32 million
Programs P.A.
Contribution Agent Established

to National Banking & Integrated
06 Exchequer
BDT 5,989.80
07 Booths
200 08 Network
943 Real time
million Coverage area 62 online Branches
Districts
Deep Pool of
Talent and
Expertise e-Government
Procurement Contribution
Traning
09 No. of course 199
8,120 Participants
10 (e-GP)
296 service
11 to CSR
BDT 484 million
providing Branches
2,73,736
manhours
Number of More than

12 customers
10,155,882
13 1200 ATMs
169
Our Sustainability Approach
Sustainability Approach
As a leading State Owned Commercial Bank (SCB) , ABL As par the United Nations’ (UN) Sustainable Development
focuses on creating sustainable value for our stakeholders Goals (SDGs), the Paris Climate Agreement and the
and aligning our long-term business strategies with their recommendations by the Task Force on Climate-related
interests. As we continue to deepen our presence across the Financial Disclosures we determined our ‘Sustainability
country, we seek to address the Environmental, Social and Strategy’. Our sustainability strategy mirrors our business
Governance (ESG) risks and effects of our operations in a approach of balancing growth with stability. It takes
manner consistent with our values. This is also in line with into account the influence and impact our decisions
our commitment to help ensure a safe, secure and trusted
and actions might have on the industry, society and the
banking system.
environment. It was also formulated to ensure we remain
Sustainability Strategy economically relevant through managing ESG risks and
When making business decisions and developing our opportunities practically and in line with market realities.
products and services, we consider our stakeholders’ Just as our business strategy hinges on doing what is right
expectations in appreciation of what is material to them. for our customers, our sustainability strategy informs our
As part of our commitment to sustainable and responsible engagement with our stakeholders and how we can help
growth, we also seek to identify, to assess and to manage ESG them in their own practices for positive outcomes in the long
risks, challenges, impact and opportunities. run.
Sustainability Pillars
Our Develop Strengthen

Sustain Growth Keep Customers
Sustainability Professionals of Community
Responsibly at the Centre
Pillars Principle Bonds
Create sustainable value for our stakeholders
Robust Risk
Management and
Our Corporate Established and Deep Pool of Talent Strong corporate
Fundamental Governance; Integrated Network and Expertise identity
Strengths Strong Credit Ratings,
Capital and Funding

Our
Honourable Enterprising United Committed
Values

Corporate Philosophy and Strategic Focus
As a leading State Owned Commercial Bank, Agrani Bank Limited believes the philosophy “ Triple Bottom
Line (TBL)” coined by Elkington, the founder of a British consultancy called ‘SustainAbility’. TBL consists
of three Ps: Profit, People and Planet. Agrani always put emphasis on the people of the country, social
and environmental issues and think that economic growth is only sustainable if business activities are
integrated with social and environmental priorities. In line with this thought Agrani’s sustainability focus is
to (i) Creating a sustainable business (ii)Ensuring a fair society (iii)Living within environmental limits.
Inve
able s
Profit th retu tor
Grow rns
adva arative
Enter rs
e
Partn
ntag
prise
p
Cresting
e
Com
a sustainable
Effici es
business
loyer
ent
emp d
ess
Goo
Proc
Bu
si and
mo ness a t i vity n
del Cre ovatio
Inn
g Log
isti
nishin tran cs and Ed
Reple rces spo l i t y and d ucation
resou rt Loca
nities
evel
opm and
m m u ent
co
End o sal
ener ble
dispo
well and
ewa
gy
Rehir y
g
Living
Pove
bein
f the
lth
Ren
ing
within
rt
Hea
environmental Ensuring a fair

ten
society
Build n
ing
man aste
limits.
agem
d
desig
Priva lity
an
cy an
s
W
Hum
right
equa
Su nd
div stain s i o ns a Em
ers
ity
s
Emi llution gov irs a ty an
d
po ern nd Safe urity
anc
e sec
171
Sustainability Objectives
Sustainability Objectives
The UN’s 17 SDGs set the global agenda for sustainable economic, social and environmental development
by 2030 and call for action by the public and private sectors. At ABL , our sustainability objectives are as
follows:
Sustain Growth Responsibly Keep Customers at the Centre

Sustainability risk
management. Introduce technology to
make banking simpler, smarter
Social and and safer.
environmental considerations
in credit evaluation and Make banking more accessible
approval processes. and inclusive.
01 02
Develop and provide sustainable Secure our systems and protect
solutions that enable our customer data and privacy.
customers to make a difference.
03 04
Develop Professionals of Principle Strengthen Community Bonds
Build high-performing teams Support social development in
and develop individuals who the areas of art, children and
are guided by our values. education.
Embrace diverse abilities Encourage sustainable

and strengths. procurement and supply chain.
Develop skills and mindsets Manage the impact of our

for the future. environmental footprint.

Activities for Sustainability
1
Promoting sustainable banking to reach
its long term objectives to living within
an eco-friendly environment. Every
decision will be taken on TBL philoso-
phy.
2
Working for ensuring a society through
it’s deposit services, Agro credit Rural
Credit , SME credit, Foreign remittance
service, Agent Banking services under
Govt. Safety Net Program.
3 Financing environment friendly project

for better future.
Ensuring service delivery standard for

customer satisfaction.
4
5
Backing the society providing
scholarship for Educating , donating for
Art and Culture, Community Health,
Disaster Management ect.
173
Material ESG Factors
As we focus on creating sustainable value for our stakeholders, we assess the ESG matters relevant to the banking industry, the
implications for the Bank and the insights provided by our internal and external stakeholders. Keeping in mind the significance
of the economic, environmental and social impact of our operations and the influence such impact may have on our
stakeholders, we set out the following material ESG factors :
Material ESG Factor Our Value Creation Our Goal

Sustain Growth Responsibly
• Maintaining high standards of corporate
governance and a robust risk management
framework to protect the interests of our To achieve stable and sustainable
Risk-focused Organizational
stakeholders. growth through informed risk-based
Culture
decisions.
• Remaining nimble to seize business
opportunities amid a fast-changing
environment.
• Addressing environmental, social and
To be a responsible financial services
Responsible Lending governance issues when making lending
provider.
decisions.
• Maintaining sound risk management

To maintain the highest standards
Regulatory Compliance systems.
of professional and ethical behavior.
• Complying with applicable laws, rules,
regulations and standards.
Sustain Growth Responsibly

• Contributing to local economies through
Economic Value of Our To create direct and indirect
taxes, job creation, facilitating trade and
Contributions economic value for our stakeholders.
industries and building the financial
resilience of our stakeholders.
Keep Customers at the Centre
• Treating customers fairly based on the
To keep the customers’ interests
Customer Experience principles of integrity, trust and respect.
at the heart of all that we do.
• Creating responsible solutions across our
business to meet our customers’ needs.
• Protecting our customers from cyber

threats through robust risk
To uphold our role in maintaining
Cyber security, Fraud Prevention management systems and processes.
a secure and trusted banking
and Anti-money Laundering • Assisting regulators in preventing cyber
environment.
crime, money laundering, funding of
terrorism and dealing with sanctioned
persons.

Material ESG Factors
Material ESG Factor Our Value Creation Our Goal

To ensure that technology
• Making banking simpler, smarter and safer enhances our people and service
Digital Transformation
for our customers through innovation and capabilities as we deepen our culture
technology. of innovation and enterprise.
Develop Professionals of Principle
• Treating our colleagues with care and

Attracting, Developing and To develop valuable and meaningful
respect.
Retaining Talent careers for our colleagues.
• Investing in training and career
development for our colleagues.
Develop Professionals of Principle
Diversity and Inclusion • Hiring from diverse cultural backgrounds, To champion more inclusive society.
age groups, gender and abilities.
To ensure the physical, mental and
Workplace Safety, Health and Well- • Providing our colleagues with a conducive
social welfare of our colleagues.
being work environment.
Strengthen Community Bonds
• Supporting social development in the

To strengthen our social fabric through
areas of art, children and education.
community-building and helping
Social Impact
individuals and organizations
• Encouraging innovation and enterprise,
realize their potential.
and nurturing start-ups and small- and
medium-sized enterprises.
• Making banking services and products To ensure that banking services

Access to Financial Services accessible to target segments of and products are available
society to meet their needs and through our comprehensive and
expectations. diverse network of touch points.
• Adopting zero-tolerance approach to To help build a more transparent

Anti-corruption bribery and corruption, and ensuring and accountable global economy.
transparency and accountability.
• Managing our resources wisely by saving

To play our part in reducing climate
Environmental Footprint energy, reducing carbon emissions and
change.
resource consumption, and minimizing
waste.
Sustainable Procurement • Adopting sustainable procurement To purchase from local suppliers

practices. where feasible.
175
Customers
Customers
We are committed to acting in the best interests of our customers and to helping them meet their financial, business and
lifestyle goals by providing the most appropriate solutions and services that suit their needs. As we harness technology to make
banking simpler, smarter and safer for our customers, we also ensure that every digital experience is wrapped in the warmth of
the human touch.
Our Customer Commitments

We are guided by four customer commitments built on our values of being Honourable, Enterprising, United and Committed.
Honorable Enterprising
Treat You Fairly Provide You with the Right Solution
We maintain the highest professional and ethical We draw on our experience, insight and entrepreneurial
standards in all our dealings with our customers. We have spirit to provide our customers with solutions that help
uncompromising discipline, clarity and courage to do what them achieve their financial goals and aspirations, and
is right for them and to make every decision in their best manage their daily and future requirements, however
interest. simple or complex.
United Committed
Know You Personally Be There When It Matters
We learn our customers’ preferences and know what matters We always stand by our customers and this is enabled by
to them with every interaction. By understanding them better, our long-term business approach, strength and stability.
we anticipate our customers’ needs and offer them the most
relevant financial solutions.
We believe customer satisfaction is our best acheivement.

Colleagues
Colleagues
The decisions we make and the actions we take are guided by our values of Honour, Enterprise, Unity and Commitment. This is
also expressed in how we care for the professional and personal development of our colleagues across the organization. We are
dedicated to building a culture where our colleagues are empowered to make a positive and meaningful difference in what they
do for our internal and external stakeholders. We do this by fostering an inclusive, prudent, progressive and high-performing
organization that encourages the best of each individual from our team of principled professionals.
Our Employee Commitments

Our values give us a shared sense of identity and belonging and our four employee commitments encourage us to keep raising
the standards of our behavior and performance in service of our customers.
Honorable Enterprising
Do What is Right Build Meaningful Careers
We do what is right for all of our stakeholders and make We encourage enterprise and ambition at all levels. We
decisions that are in the best interests of our organization, believe in bringing out the best in everyone through
our people and our customers. professional development and empowering people to take
ownership of their career paths.
United Committed
Make a Real Difference Lead by Positive Example
Our unwavering commitment to upholding the ABL values Our leaders act as role models, guiding teams to take on
is reflected in how our colleagues serve our customers and challenges and to take ownership of their actions. Together,
our communities with passion. We are here to make a real we focus on enabling the success and advancement of
difference to shape our future and to add value to the lives individuals and teams.
we touch.
ABL is always conscious to employee commitment.
177
Value Added Statement
Value Added Statement
To meet certain obligations, the value created by ABL through operational activities and how it was distributed among
stakeholders of the Bank is reflected through the value added statement. A portion of added value has also been retained in the
Bank for future investment and expansion.
Value Added 2017 % 2016 %

Operating revenue 4,171.31 4,141.60
Cost of borrowing (1,818.32) (2,061.96)
Provisions (288.08) 1,173.18
Operating expenses excluding staff cost and Depreciation (333.46) (426.09)
Total 1,731.44 2,826.74
Distribution of value addition
Employees as remuneration 1,074.12 62% 1,006.51 36%
Government 268.28 15% 232.30 8%
Total 1,342.40 78% 1,238.81 44%
Retained earnings brought forward from previous years 232.80 13% 1,782.30 63%
Deferred Tax 23.84 1% (286.34) (10%)
Depreciation 132.39 8% 91.97 3%
Amount Distribution 1,731.44 100% 2,826.74 100%
Value Created per Share (BDT)

Number of employees at the end of the year 12798 12672
Value created per employee (Crore BDT) 0.14 0.22
Number of Share (Crore) 20.72 20.72
Value Created per Share (BDT) 83.55 136.41
DISTRIBUTION OF VALUE ADDITION
Employees as remuneration
Government
Retained earnings brought forward
from previous years
Deferred Tax
Depreciation

Economic Value Added (EVA) Statement
Economic value added means a value-based financial BDT in Crore

performance measure which reflects the absolute amount Particulars 2017 2016
of shareholders’ value created or ruined during each year. Shareholder's equity at the year end 4,074 3,658
It provides a measurement of a bank’s economic success
or failure over a period of time. Such a yardstick is useful Accumulated provision for doubtful
to investors who wish to place confidence with the Bank losses 288 1,173
to retain their fund for better earnings as compared to Equity 4,362 4,831
other similar Banks or companies. Economic value added
is calculated by taking a bank’s net operating profit after Average Equity
tax, subtracting from it, the cost of average equity. EVA is Average Equity is calculated by averaging opening and closing
calculated by applying following formula: equity of a year
BDT in Crore
EVA = (NOPAT – Cost of average equity)
NOPAT Shareholder's equity 4362 4831
NOPAT is the net operating profit after tax which is calculated
by deducting the income tax expense from operating profit. Average equity 4596 5051
BDT in Crore Cost of equity

Cost of equity reflects shareholders’ expected return.
Eventually this is the opportunity cost for investing their funds
Operating income 2,353 2,080 in the company. Interest on 5 years Government Treasury
Operating expenses 1,540 1,525 Bond plus standard risk premium has been assumed to be
Operating profit 813 555 cost of equity.
Income Tax 292 (54) Particulars 2017 2016
NOPAT 521 609 Interest rate on 5 years Government
Equity Treasury Bond as on31 December 5.94% 6.00%
Shareholder’s equity is the total amount of equity at the year- Standard Risk premium 2% 2%
end plus accumulated provision for doubtful losses. Cost of equity 7.94% 8.00%
0.079 21 8.33
175
521
NOPAT
223
Cost of average equity
6.09 346
0.08
10.62
Average shareholders' equity
21 286
Cost of Capital
EVA
Economic Number of Shares (in Crore)
Value Added Economic Value Added per Share
5051
2016
2017
4596
179
Economic Value Added Contribution to Government Exchequer

Cost of equity reflects shareholders’ expected return.
Eventually this is the opportunity cost for shareholders’ for Government is the most important stakeholder which plays
investing their funds in the company. Interest rate on 5 years a critical role in the economic development of the country.
Government Treasury Bond plus a standard risk premium has Being a legitimate and ethical entity, ABL contributes to the
been assumed to be cost of equity. National Exchequer when it is necessary, such as deducts
income tax, value added tax and excise duty at source as per
Particulars 2017 2016 law from various expenditure, interest on deposit and banking
NOPAT 521 609 services and deposited to the Government Exchequer.
ABL alsodeducted AIT and deposited to the Government
Cost of average equity 346 386 Exchequer on behalf of its employees. ABL made a handsome
Average shareholders' equity 4596 5051 contribution to National Exchequer of an amount equal to
Cost of Capital 7.94% 8.00% Tk. 598.98 crore and Tk. 543.34 crore respectively in 2017 and
2016. This reflects its fair and consistent commitment towards
EVA 175 223
national contribution.
Number of Shares (in Crore) 21 21
Economic Value Added per Share 8.33 10.62 Particulars 2017 2016
AIT (Withholding Tax) 52.18 51.90
Payment of tax on Bank’s income 218.62 217.46
The Bank’s overall objective is to deliver optimum value to Tax on staff salaries deducted and 8.86 4.80
our depositors, employees, shareholders and our business deposited
strategy is to gear up towards achieving this. This section
covers the value we deliver to our shareholders and the TDS of interest on deposit 210.54 161.16
nation at large. Vat deducted source and deposited 52.94 44.78
Excise duty deducted and deposited 55.84 63.24
The Bank’s policy has been to deliver best possible value in
a manner that is consistent with the highest level of fairness Total 598.98 543.34
and transparency. For the Bank, it has not been a case of
building financial value and increasing profit at any cost, but
rather participating in a process of creating value through
fair and ethical means. Building sustainable value of all National Exchequer 2016
2017
stakeholders is an important goal of the Bank. 217 219 211
200
161
100
63
52 52 53 56
45
5 9
0
AIT Payment of Tax on staff TDS of Vat deducted Excise duty
(Withholding tax on Bank’s salaries interest on source and deducted and
Tax) income deducted and deposit deposited deposited
deposited

Green Banking
Green Banking
Guidelines for Green Banking’ in 2011 is a remarkable step

on the way to developing Green Banking practices in the
financial sector of Bangladesh. A separate guideline on
‘Environmental Risk Management’ by Bangladesh Bank is also
in place. In addition, Bangladesh Bank authority introduced
refinancing schemes and major activities under the Green
Bankin for getting the scenario of that; Green banking policy,
Green banking unit, Allotment of fund in green banking, Funds
for green financing, Mobile banking, On line banking, Internet
banking, Green banking budget, Environmental risk rating,
Effluent Treatment plant (ETP), ETP related project.
ABL’s Green Banking Initiatives

As per Bangladesh Bank’s policy guidelines for Green Banking,
ABL has formulated and adopt Green Banking policy and
ABL is Commited to make a green future.
strategies. In this regards ABL issued some important Green
Banking related circulars.
Green Banking
Global warming also called Green House Effect is a universal Green Banking Structure: As per Bangladesh Bank’s policy
issue that calls for a global retort, that are found responsible guidelines for Green Banking, ABL has already taken
for alteration of balance in the environment and climate necessary steps to implement the 1st phase, 2nd phase and the
change. In line with global development and response to 3rd phase to
the global warming, Green banking plays significant roles.
implement environmental friendly banking activities. To carry
The term Green Banking has gained popularity all over
out Green Banking activities ABLs organizational structure is
the world in recent times. Green Banking is operation of
as follows:
banking activities while giving special attention to social,
ecological and environmental factors with the aim of the
conservation of nature and natural resources.Green Banking Green Banking
defined as promoting environmental-friendly practices and Committee
reducing your carbon footprint from your banking activities.
Green Banking thus involves a two pronged approach. Green
Firstly, Green Banking focuses on the green transformation Banking
of internal operations of all banks. It means all the banks structure
should adopt appropriate ways of utilizing renewable
energy, automation and other measures to minimize carbon Green Banking
footprint from banking activities. Secondly, all banks should Division
adopt environmentally responsible financing, weighting
up environmental risks of project, before making financing
decisions; and in particular supporting and fostering growth 1.Green Banking Committee
of upcoming green initiatives and projects. With a view to execute the program, a Green Banking
Committee has been formed comprising nine divisions
Generally Green Banking coverage includes: Sustainable of head office. These divisions are: Rural Credit Division,
banking, Ethical banking, Green mortgages, Green loans, Industrial Credit Division, SME Credit Division, Card Division,
Green credit cards, Green savings accounts, Green checking Credit Policy and Credit Risk Management Division, Central
accounts, Green money market accounts, Mobile banking, Accounts Division, Information Technology and MIS Division,
Online banking, Remote deposit, Waste Management, Roof Planning Coordination and Marketing Division, HR Training
Gardening and Green Financing. Research and Development Division.
Bangladesh Bank has been helping government in 2.Formation of Green Banking Division
implementing the provisions of key environmental Agrani Bank Limited started its Green Banking activities in the
regulations related to the financial sector. From time to time year 2011 by forming a ‘Green Banking Unit’ under its Rural
Bangladesh Bank has been issuing environment related Credit Division. From 9th September 2013, it has been upgrad-
circulars and guidelines. Especially, their circular on ‘Policy ed into a separate and independent division named as ‘Green
181
Green Banking
Green Banking
Banking Division’. As a good corporate citizen, ABL is uphold- • Incorporation of Environmental Risk in Core Risk
ing environmentally responsible practices through designing Management (CRM)
its’ CSR (Corporate Social Responsibility) activities into green
banking practices. The bank has already launched several According to the ERM guidelines of Bangladesh Bank ABL also
green financial products to facilitate an eco-friendly financial incorporate environmental risk in the Core Risk Management
atmosphere in the country. ABL is going ahead with a forward (CRM) considering EnvRR (Environmental Risk Rating) in the
looking green banking strategy. The Division has taken the overall credit risk methodology in order to do required justice
following effective measures in order to carry out green bank- to the project/business deal.
ing activities as per Bangladesh Bank’s guidelines.
Budget Allocation
2.1.Set up of green branch ABL has approved a considerable amount for Green banking
As a pilot project,Amin Court Corporate branch of Dhaka has in their annual budget , which will include (a)Budget for
been selected for converting it into green branch. Gradually Green Finance (b)Budget for Climate risk fund (c)Budget
all the branches of ABL will go under green branch. Three for marketing & capacity building. ABL has allocate Tk.
branches of maize development project in the districts of 500.00million for Green Finance,Tk.40.00 million for Climate
Dinajpur, Bogra, and Thakurgaon have been surveyed for the risk fund and Tk.10.00 million for marketing & capacity
purpose of converting them into a green branch. building.
BDT in million
2.2.Green Office Guideline
To adopt and follow in-house green activities by all Year Budget Disbursement
employees of ABL, ‘Green Office Guideline’ is issued and 2011 500.00 19.67
distributed to all its offices and branches. This would enable
the staff-members of ABL for efficient use of electricity, fuel, 2012 500.00 99.21
water paper and to reuse of equipments. 2013 500.00 22.83
2014 500.00 28.42
In-housegreen activities or Environmental
Management 2015 500.00 143.15
A number of initiatives have been taken for in-house 2016 500.00 147.73
environment management defining the clean indication for 2017 500.00 90.27
maintaining a green office. The following initiatives are taken
in this regard: Green Finance
ABL have given preference to Eco-friendly business activities
01. Use of paper on both sides for internal use. and energy efficient industries. Environmental infrastructure
02. Use of online communication in the best possible such as renewable energy, clean water supply project,Effluent
manner. Treatment (ETP) and project with ETP, solid & hazardous
03. Using more daylight instead of electric lights and waste disposal plant, bio-fertilizer plant, brick fields having
proper ventilation in lieu of using air conditioning. Hybrid Holfman Kiln (HHK) technology are encouraged as
a part of green financing practices.Up to December 2017
04. Use of Eco Font for printing light impression on
total disbursements of ABL’s loans under green financing in
both sides of the paper.
different sectors are as follows:
05. Vedio/Audio conference in lieu of physical travel.
06. Efficient use of printer cartridges, photocopy Taka In lac
toner, office stationary, etc. Disbursement
Sectors
07. Sharing e-mail instead of paper memos(save 2016 2017
paper save trees) 1.Solar Panel 131.69 252.29
08. Use of solar energy/renewable energy sources 2.Easy Bike 730.63 394.80
09. Developing Green Office Guide for reducing the 3. Bio Gas 596.79 322.52
information gap/reducing hazards/increasing
4.HybridHoffman 2725.29 2507.03
efficiency/awareness/reducing pollution/
Kiln(HHK)/Tunnel.
developing green banking for sustainable
financing. 5. Varmi-compost 78.47 68.29

Green Banking
Green Banking
Disbursement advertising our product, notice, circular etc. through internet

Sectors media.
2016 2017
6.Others (ETP) 400.00 200.00 Green Awareness and Training
Total 4662.87 3744.93 A good number of officers and Executives have been trained
on different Green Banking training programs held in BIBM
Online Banking
and ABTI in the year 2013. One program about Training
All the branches of ABL have now internet connectivity which
enables the Bank to avail easy use of BACPS (Bangladesh on Trainers (ToT) on Green Banking held in BIBM and two
Automated Cheque Processing System), BACH (Bangladesh programs on ‘Environmental Risk Management’ have been
Automated Clearing House) & BEFTN (Bangladesh Electronic carried by ABTI. Among this Green Banking Division also
Fund Transfer Network). Online banking is an important carrying out some training program in Rajshahi,Bograand
element of green banking strategy of ABL which is being Khulna where about 470 trainees has been trained up in this
started in the bank from 1st July 2010. Total number of online regards.
branches in ABL is now 943.
Climate Risk Fund
Green Marketing A climate risk fund of Tk.4 crore has been created at a lower
ABL is marketing products and services based on rate of interest/without interest to assist two types of projects
environmental factors or awareness. Presently we are one is to assists projects which might be affected due to
ABL’s investment in Green Technology under it’s Green Finance Project.

natural calamities and the other is to promote the projects pharmaceuticals, chemicals to appropriate location,
like forestry, embankment, pure drinking water etc. unawareness of the end users etc. Besides, as a developing
country we do not afford to adopt modern technologies
Present scenario of Green Financing abandoning the technologies currently in use. The consumer
The implementation of green banking in Bangladesh is still group in Bangladesh is very vulnerable. They are mostly
in an elementary stage. Banking sector has been facing a unaware of green practices and are hesitant to pay extra for
number of challenges in implementing this. Some of the cleaning up industrial hazards.
challenges are due to the developing nature of the country
and include the lack of enforcement of the environmental Some challenges are banking sector specific and include the
laws, inability to adopt modern technology from the reluctance of bank board of directors and top management;
traditional ones, shifting red industries such as tanneries, lack of awareness and motivation to formulate policy
183
Green Banking
Green Banking
documents, strategic plan, sector specific environmental simply by taking environmental clearance certificate which is
guidelines, lack of technical hand/skilled manpower in not an effective measure in most of the cases.
formulating green policies, strategies and other documents
etc.Most of the directors and senior people of the bank do not Maize Loan program under contract farming system at
have right attitude and understanding of the concept of green greater Bogra, Rangpur and Dinazpur district
banking. They generally want to perform their responsibility
ABL’s investment in flower gardening project.
Bangladesh expenses an amount of near twelve and five have published a training Manual on Maize Cultivation under
thousand crore in exporting maize, pulses, spices and oil Contract Farming system.Katalyst handed over the maize loan
seeds product. Country may save tens of thousands crore product to ABL in 2014. ABL is now replicating this program to
taka if the above agri- products are cultivated broadly in our its different branches. Rate of interest for short-term loan 4%
country. per annum & for CC (Hypo) 11% per annum.
Bangladesh bank has instructed the schedule banks to The disbursement situation of loans of Maize cultivation
introduce contract farming system in their credit activities. under contract farming system is as follows (up to December
In the contract farming system, contractor ensures the 2017)
marketing of the agri- products by supplying the farmers agri-
Taka in Lac
inputs (seed, fertilizer, insecticide etc.)
No of
In order to alleviate poverty and unemployment situation Disbursement Recovery Overdue Classified Outstanding
Loanee
in the districts of greater Rangpur, Dinajpur and Bogra,
Agrani bank ltd. have introduced contract farming system in 1153 358.52 292.18 8.36 - 73.54
those areas jointly with Swiss -contract(Katalyst) and EDGE
consulting Ltd (NGO). ABL in collaboration with NCC bank

Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) has become a key developing business with a positive relationship to the society
initiatives and an essential tool for the development of the in which they operate. A dedication to social responsibilities
developing countries of the world throughout the globe, can actually turn into profits, as the ideas inspire investors to
which ultimately reflects through its initiatives towards invest and consume to purchase goods and services from the
the betterment of the disadvantaged people of a society. company. Put simply, social responsibility helps companies to
Bangladesh Bank officially started encouraging towards develop a good reputation. To provide CSR facilities (Financial
mainstreaming CSR in Banks and financial institutions of help) ABL always gives emphasis/preference on prioritized
Bangladesh since June 2008 to achieve the goal of Millennium sector such as some special community or group (the people
Development Goals. The objectives of MDG was to eradicate who are physically disabled, deprived and lagged behind,
extreme poverty and hunger, achieve universal primary affected by natural calamities, meritorious but poor), some
education, promote gender equality and empowering women, areas (poverty reduction, human resources development,
reduce child mortality, improve maternal health, combating expansion of education,health & treatment, establishment
HIV/AIDS, malaria and other diseases, ensure environmental of ‘Day Care Center’), expansion of history, culture, tradition,
sustainability & develop a global partnership for development. sports and special attention to protect environment.
ABL truly believes that a better society is prerequisite for a
better business environment. To build a better society ABL’s Safety Net Program
ethical standard is not only meant for maximizing profit, rather To support the poor and vulnerable, the government of
its vision is built up society where human dignity and rights Bangladesh implements a number of public social safety
receive the highest consideration and evaluation. CSR is the net programs. As a state owned Bank, Agrani Bank Limited
idea by which business can balance profit making activities provide various activities under this program without service
with activities that give benefits to the society. It involves charge/commission.
Agrani Bank’s service to Safety Net Program
NO. of Service
SL. Amount (BDT in
Social Safety Net programs (SSNPs) providing
NO. Crore)
Branches
1 Old-Age Allowance 538 341.63
2 Allowance for Widowed 487 72.14
3 Allowance and Stipend for the Physically Challenged Insolvent Citizens 530 84.14
4 Maternity Allowance for Poor Women 267 114.00
5 Honorarium for Freedom Fighters 900 220.30
6 Salary distributed OF MPO Madrasa, School and College 103 2239.87
7 Collection money of Hajj & Zakat Fund 935 0.30
8 Electricity Bill of PDB 200 6.00
9 Electricity Bill of DPDC 160 240.00
10 Electricity Bill of DESCO 4 4.80
11 Electricity Bill of REB 450 108.00
12 Prize Bond Buy-Sell 935 56.10
13 Issue & liquidation of Wage Earners Bond 15 66.00
14 Payment of Army Pension 935 300.00
15 Others 935 181.74
Bangladesh is poised to gradually move from social safety net programs only to social security programs as well. This is because
of opportunities emanating from continuing economic growth and increasingly positive democratic political environment. Agrani
Bank Limited works to ensure smooth unfolding of a comprehensive social protection system in Bangladesh.
185
Education view to providing a smooth interface between student life

ABL has been donating a good amount to various educational and professional life, ABL offers internship facility to the BBA
institutions for the last couple of years. These helps were and MBA passed students of different universities. The interns
extended for renovation or construction of building/class were granted the opportunities to groom with us in a truly
rooms of different schools, colleges, universities, libraries professional, dynamic and challenging corporate environment.
etc.; giving stipend to the poor meritorious students; ABL has been awarding “ Agrani Bank Gold Medal for the
sponsoring various seminars, conferences, convocations, Rajshahi University(RU) brilliant students. 68 former students
alumni, anniversaries, drama festivals, competitions, training of RU has been received ABL Gold Medal and certificates for
programs; observing important national days etc. With a their outstanding academic performances in 2016.
A student of RU is receiving “Agrani Bank Limited Gold Medal” and certificate for her outstanding academic performance.
Healthcare the underprivileged group has little or no access to health care

Access to healthcare facilities is one of the fundamental rights facilities. ABL is committed to assist those poor people who
of every human being. However, most of our people, especially have no way to secure basic treatment.
Disaster Relief
ABL’s lending policies with regard to environmental
management are responsive to emergency support needs of
people affected by natural and manmade disasters.
Concern for the environment today our planet is exposed to

a severe environmental catastrophe than ever before. ABL’s
corporate social responsibility contributes generously to the
development of Green Banking. Protection and nourishing
the environment is part of ABL’s investment principle.
Environmental issues are taken into account while the Bank
is assessing credit proposal for the industrial projects. As a
humble effort to reduce environmental pollution, the Bank
is financing CNG refueling stations. Besides, most of office
vehicles of the Bank have already been converted to CNG
ABL donated an ambulance to Dhaka Shishu Hospital.
fueling system.

Finance Minister Mr Abul Maal Abdul Muhith , MP and Mr Mohammad Shams-Ul Islam, Managing Director & CEO of Agrani Bank
Limited are distributing warm clothes among the winter affected people.
Concern for the Environment Sports
Today our planet is exposed to a severe environmental Since inception the Bank is continuously providing support
catastrophe than ever before. ABL’s corporate social to the football and hockey clubs and tournaments for the
responsibility contributes generously to the development of promotion of games and sports of the country. ABL has its
Green Banking. Protection and nourishing the environment is own football team that has been participating in the national
part of ABL’s investment principle. Environmental issues are football league relentlessly since independence. In several
taken into account while the Bank is assessing credit proposal times the team defeated renowned clubs of the country like
for the industrial projects. As a humble effort to reduce Mohammedan, Abahone, Brothers Union etc. The Bank has
environmental pollution, the Bank is financing CNG refueling also a cricket team of its own that has been participating in the
stations. Besides, most of office vehicles of the Bank have First Division Cricket League since independence. 2016 -2017
already been converted to CNG fueling system. cricket season has been a progressive year for “Agrani Bank
A Special Occasion - celebrating the promotion of “Agrani Bank Limited Cricket Team” to Premier Cricket League by securing runners up position in First
Division Cricket League.
187
Limited Cricket Team”. In this season ABL Cricket Team has March, 2018. The awards were given for the years of 2012 to
been promoted to Premier Cricket League by securing runners 2018 under seven categories.
up position in First Division Cricket League. Mr. Md Azmir,
a member of ABL Cricket Team has scored the sole double Customers and Well-wishers
century in First Division Cricket League history of Bangladesh. ABL feels proud to provide services to the valued customers
A good number of cricketers and footballers are playing in the without any hidden cost. The Bank serves the customers
national and international levels who were once member of as business partner. The Bank sincerely strives to improve
ABL sports team. business relationship with the customers for common benefit.
By optimising financial performance at the least cost the Bank
Arts and Culture protects the interest of customers. The Bank is maintaining a
Agrani Bank Limited is always committed to enriching Bengali good relationship with the peer business friends for mutual
heritage, art, culture and literature. In the previous years growth and development. The relationship with our business
the Bank contributes to different programs and purposes partners is based on reciprocal trust and respect. We transact
relating to different cultural affairs. From 2011 onward, ABL with them in a fair and transparent way.
is sponsoring children book fair at the Bangladesh Shishu
Academy premises. In every year, seven eminent writers were Poverty Alleviation
awarded Agrani Bank Children Literary Award; a prestigious It is globally accepted that the Non-Government Organizations
literary award of the country introduced by ABL since 1981 and (NGOs) have been performing a laudable role in poverty
is being offered every year. A total of 39 writers and artists were alleviation across the world, especially in Bangladesh. With a
awarded the Agrani Bank-Shishu Academy Shishu Sahitya view to widening the access to finance to the poor and ultra
Puraskar for their contributions in respective fields on 10 poor community, ABL has been financing NGOs since 1997 at
Finance Minister AMA Muhith is handing over awards to the winners of the Agrani Bank-Shishu Academy Shishu Sahitya Puraskar
for 2012 to 2018.
privileged rates of interest. ABL financed NGOs are of various unique position to provide credit facilities to the farmers at
categories and capacities. Such activities also contributed to a lower rate of interest since 1977. A huge amount of foreign
generation of income and employment as well. currency is spent every year to import pulse, oil-seeds, ginger,
spices, maize etc. In order to save foreign currency, the
Promotion of Crop Production Government of Bangladesh encourages our farmers to boost
To attain food security of the country, ABL has been in a up the production of above crops by introducing rebate rate of

interest at 4 percent which is considered as the lowest rate of Awareness Building

interest among any credit facilities. Generation of awareness is a very useful tool to combat social
evils, like drug addiction, smoking, pollution, terrorism, over
Promotion of Entrepreneurship population etc. For this purpose, the Bank has continued
The Bank envisages fostering entrepreneurship amongst
financial support to different social organizations who
the potential, new and small entrepreneurs and generating
displayed banner, festoon, sticker, display board and use
employment through financing Small and Medium Enterprises.
such other communication channels for discouraging drug,
Keeping the aim in mind, ABL does not run after the so called
blue chips towards profit maximization of the Bank. Rather, it smoking, pollution, population growth etc.
always remains stick to the triple bottom line: People, Planet &
Other CSR Activities
Profit and focused to the promotion of SMEs. In this way, a lot of
Agrani Bank Limited is always attentive to attain more and
entrepreneurs have grown with us through which employment
more good corporate attributes. So, apart from the exposures
opportunities are created for a huge number of people.
mentioned above, ABL’s CSR disclosure includes multi-faceted
Women Empowerment social activities. ABL has also been indirectly contributing to
As half of our population is woman, a sustainable national CSR activities.
progress can’t be attained if women are left aside. Therefore,
they should progressively be brought to the mainstream To support the poor and vulnerable, the government of
of our development activities. Considering this reality the Bangladesh implements a number of public social safety net
Bank through its ‘Nari Agrani’ program has been mobilizing programs.
credit facilities in industry, service and business sector to the
potential women entrepreneurs at a reduced rate of 10 percent As a state owned Bank Agrani Bank Limited provide various
interest. ABL’s program for the woman entrepreneurs will gain activities under this program without service charge/
due momentum in the days to come. commission which is given below:
SL. NO. of Service providing Amount

Social Safety Net Programs (SSNPs)
NO. Branches (BDT in Crore)
1 Old-Age Allowance 538 341.63
2 Allowance for Widowed 487 72.14
3 Allowance and Stipend for the Physically Challenged Insolvent 530 84.14
Citizens
4 Maternity Allowance for Poor Women 267 114.00
5 Honorarium for Freedom Fighters 900 220.30
6 Salary distributed OF MPO Madrasa, School and College 103 2239.87
7 Collection money of Hajj & Zakat Fund 935 0.30
8 Electricity Bill of PDB 200 6.00
9 Electricity Bill of DPDC 160 240.00
10 Electricity Bill of DESCO 4 4.80
11 Electricity Bill of REB 450 108.00
12 Prize Bond Buy-Sell 935 56.10
13 Issue & liquidation of Wage Earners Bond 15 66.00
14 Payment of Army Pension 935 300.00
15 Others 935 181.74
Bangladesh is poised to gradually move from social safety net programs only to social security programs as well. This is because
of opportunities emanating from continuing economic growth and increasingly positive democratic political environment.
Agrani Bank Limited works to ensure smooth unfolding of a comprehensive social protection system in Bangladesh.
189
Human Resource Management & Development
Human Resource Management
Human Resource is the most valuable asset of an professionally and are given equal opportunity based on
organization. Modern organizations are more conscious merit. We promote work-life harmony and a workplace free
about the best utilization of its human resources. Now the from discrimination, bullying or harassment. Our expectations
top management is facing many challenges arising from of our people and the policies we expect them to abide by
globalization, competition, social changes, profitability are stated in the ABL Code of Conduct. Upon joining, all new
and sustainability. They can address these challenges colleagues are informed of and sign up to their obligations
with the help of these human resources. The success of and rights under this code.
any organization depends on the proper, efficient and
effective management of the human resources. HR planning Maintaining a Risk-Focused Organizational Culture
division is doing some work in the name of human resource
management. The basic work of HR Planning division We are steadfast in maintaining the trust our stakeholders
is to formulate human resource management policy, to have placed in us. We do this through our focus on values-
maintain the personal file of every stuff and officer, maintain led decision making and behavior, and ensuring a strong
the performance appraisal, make the PRL list and inform risk-focused organizational culture. Our comprehensive
to concerned employee in due time, sanction increment, framework of policies, processes, methodologies and tools
encashment of leave, settlement of retirement benefit, help us identify measure, monitor and manage material risks
leave sanction inside and outside of Bangladesh, permit and opportunities faced by the Group. Where applicable,
higher studies, update the human resource management employees’ key performance indicators also include risk
information system and to certify the freedom fighter’s control metrics. Ongoing training is an essential part of our
certificates from the related ministry. efforts to ensure a risk-focused organization. The topics
Through the approval of board of directors HR division for our training courses include anti-money laundering,
formulated the Agrani Bank Limited service rules, 2008. countering the financing of terrorism, assessing and
addressing operational and security risks, business ethics,
Doing What is Right core ethics for financial advisers, Fair Dealing ethics, global
fraud prevention, financial crime prevention, IT security and
Our Commitment to Fairness cyber risk awareness. Our colleagues also participated in
ABL is committed to building a safe, nurturing and inclusive conferences, seminars and workshops to learn more about
workforce where all colleagues are treated respectfully and risk management industry trends and best practices.
A photo session of award giving ceremony of a training program at ABTI.

Human Resource Accounting
Encouraging Employee Feedback that can affect employee productivity and/or otherwise affect
We value feedback from our people on our workplace the organization’s operational and financial results.
culture and on how well we are upholding our values. We
also ensure our people have the ability to raise matters of Human Resource Accounting
potential concern in a secure manner without fear of adverse Human resource accounting (HRA) involves accounting for a
consequences through our whistleblowing policy. All reported company’s management and employees as ‘human assets’
cases are swiftly investigated and resolved. The status of all or capital that provide future benefits. Agrani Bank Limited
whistleblowing cases is tracked by Group Audit and reported has 941 branches though out the country which have 12,798
to the Audit Committee every quarter. persons to perform the operation. The tables given below
Upholding Human Rights which provide information on total workforce by region,
We are committed to supporting internationally-accepted employment type, age analysis, service analysis and gender.
human rights principles, including those relating to non-
Existing Human Capital strength as on 31-12-17
discrimination, child labour, forced labour and freedom of
association and collective bargaining.
Existing as on
Name of post
Ensuring Freedom of Association 31-12-17
We respect our employees’ lawful right to freedom of
association and collective bargaining. Our approach is to Managing Director & CEO 1
maintain mutually trusted and respectful relations with Deputy Managing Director 4
employee unions. We hold regular meetings with union
representatives to understand and to address their concerns General Manager (including Head of ICC on
21
and expectations. contract)
The collective bargaining agreements we have with the Deputy General Manager 106
unions cover wages and working conditions such as working Chief Medical Officer & others(on contract) 5
hours, retirement age and re-employment, shift work,
allowances, transport reimbursement, leave benefits, medical Assistant General Manager 303
benefits, insurance benefits and grievance procedures. Senior Principal Officer/Equivalent 765
Advancing Workplace Safety and Health Principal Officer/Equivalent 1,819
Creating a healthy, safe and harmonious workplace is
Senior Officer/Equivalent 3,961
important to us and we have established a Group-wide
workplace safety policy and guidelines to identify and to Officer/Equivalent 3,674
address health and safety risks. Clerical 402
Various events Non Clerical 1,737
Employee engagement throughout 2017, the Bank arranged
Total 12,798
a number of cultural events and sports events that help in
creating stronger employee bonding and engagement. The Breakdown of Human Resource as on 31-12-17
bank also arranged various employee engagement programs.
Agrani Bank Limited has 12798 employees in which 89% Male
Risks and 11% Female. As per designation our Executives portion
Human capital risks can be defined as events and employee has 3%, Officer to SPO 80%, Clerical and Non Clerical 17% in
behaviors that occur both within and outside the workplace 2017.
SL. Name of Office Total Employee Male Female Executive Officer to SPO Clerical Non Clerical
1. Dhaka Circle-1 1,195 926 269 46 985 35 129
2. Dhaka Circle-2 1,050 940 110 28 789 49 184
3. Chittagong 981 901 80 24 711 68 178
4. Khulna 1,371 1,262 109 28 1,126 29 188
191
SL. Name of Office Total Employee Male Female Executive Officer to SPO Clerical Non Clerical
5. Rajshahi 1,270 1,159 111 21 1082 33 134
6. Sylhet 573 538 35 11 487 12 63
7. Barishal 638 581 57 13 557 10 58
8. Rangpur 891 797 94 12 759 12 108
9. Maymensingh 974 871 103 14 853 21 86
10. Comilla 973 896 77 17 767 25 164
11. Faridpur 487 450 37 13 389 12 73
12. Corporate Branch 1,219 1,087 132 72 926 64 157
13. H/O Departments 1,176 1,030 146 140 789 32 215
Total 12,798 11,438 1,360 439 10,220 402 1,737
Average Salary per Employee
Total Salaries & Allowance Average Salary per Employee

Years Total Employees
(BDT in million) (BDT in million)
2017 12,798 10,741.20 0.84
2016 12,672 10,065.10 0.79
2015 13,396 6,952.70 0.52
2014 13,414 6,164.50 0.46
2013 14,005 5,312.30 0.38
Promotion
Promotion has been given in different grades in 2017 to remove the monotonous mood, increasing social prestige, motivating
employees and for recognition of a job well done by an employee. The percentage of promotion in 2017, 2016 and 2015
respectively 7%,12% and 19% against total employee.
Picture of promotions for last three years

SL No Designation 2017 % 2016 % 2015 %
1. General Manager 12 1.26% 10 0.65% 5 0.19%
2. Deputy General Manager 34 3.57% 29 1.88% 35 1.37%
3. Assistant General Manager 74 7.76% 62 4.02% 68 2.66%
4. Senior Principal Officer 111 11.65% 101 6.55% 227 8.89%
5. Principal Officer 268 28.12% 699 45.30% 356 13.95%
6. Senior Officer 199 20.88% 412 26.70% 1462 57.27%
7. Officer 143 15.01% 4 0.26% 396 15.51%
8 Clerical 112 11.75% 187 12.12% 4 0.15%
9. Non Clerical 0 - 39 2.53% 0 -
Total 953 1,543 2,553

Promotion, Motivation and Reward Scenario in Age group wise Human Resources as on 31st
2017 December 2017
Designation Male Female Total In the arena of our employee age groups 59% of them
are young and energetic to achieve our goals and future
General Manager 12 0 12 achievement.
Deputy General Manager 32 2 34
Assistant General 65 9 74 Age Group(years) Male Female
Manager <30 611 152
Senior Principal Officer 100 11 111 30-50 6664 851
Principal Officer 232 36 268 >50 4163 357
Senior Officer 179 20 199 Total 11438 1360
Officer 130 13 143
Clerical Staff 104 8 112 Employee Turnover Rate
Non Clerical Staff 0 0 0 Number of
Total
Total 854 99 953 SL. Years Employee who left
Employees
the bank
Deceased Information
Some of our employees expired in 2017. We are expressing 1 2017 758 12,798
our deepest condolence to the concerned families. We always 2 2016 629 12,672
try to settle the retirement benefit of deceased cases on the
3 2015 561 13,396
top priority basis.
4 2014 811 13,414
Grade 2017 2016 2015 5 2013 193 14,005
Assistant General Manager 1 1 1
Senior Principal Officer 3 2 1 Employee’s Financial Contribution
Principal Officer 8 6 3 The overall position of bank depends on the capability of the
Senior Officer 5 14 11 employee’s performance year to year. The operating income
raised gradually in every year. In 2016 the operating expenses
Officer 10 16 7 increased Tk. 3.71 lac in respect of 2015 but in current year
Clerical 0 3 9 it remains same. The profit margin has ups and downs year
Non Clerical 19 19 16 to year due to employee recruitment. In spite of various
difficulties in Banking sector our growth rate of profit per
Total : 46 61 48
employee increased Tk. 1.97 lac in 2017 from that of 2016.
Particulars 2017 2016 2015 2014 2013

Number of Employee 12,798 12,672 13,396 13,414 14,005
Revenue Income (Tk. In crore) 2,353.00 2,107.00 1,992.00 1,950.00 1,845.00
Revenue per Employee 18.38 16.41 14.87 14.54 13.18
Total Expenses (Tk. In crore) 1,540.00 1,525.00 1,114.00 876.00 781.00
Expenses per Employee 12.03 12.03 8.32 6.53 5.58
Operating Profit (BDT in Crore) 813.00 555.00 878.00 1,074.00 1,064.00
Operating Profit per Employee 6.35 4.38 6.55 8.01 7.60
HR Information System
Agrani Bank Limited is maintaining 12,798 employees. Agrani Bank has a nice HR information system. If the management
desires to check the information at a glance of an employee they can get it easily. HR information is becoming updated every
day through HR division. Comparing to other banks we have a rich HR information system.
193
Training and Human Resource Development
Action plan for 2018 of 200 male participants, hostel super & guests and dining
i) To fill up the vacant post through promotion and direct space cum auditorium. There is a high powered generator;
recruitment, by which we can maintain our productivity & all the rooms are accommodated with air condition, WiFi and
service standard. modern sound system for class rooms. There is provision
for two capsule lifts for ABTI. Many of these works have been
ii) To ensure the right man in right place in right time for
finished and the rest is going on.
maximizing our profitability.
iii) To settle the unsettled cases of retirement benefit. Since its inception in 1976 till 2017, ABTI has covered a total
number of 98,332 executives/officers/staff under different
Training and Human Resource Development banners of training through 2,802 courses/ workshops. ABL
Training is an opportunity to build up a skilled and knowledge has covered 8,120 participants by conducting 199 courses/
based human resource of an organization. Training has workshops in 2017 alone.
specific goals of improving capability, capacity, productivity
and performance of the executive, officer and employee. In 2017, 3 management development training courses and
A structured training and development program ensures workshops were arranged for 103 executives of the bank to
consistent experience and knowledge of human resources. develop managerial skill & knowledge.
Training is provided From the year 2009 to 2017 a huge number of probationary
officers were included in manpower of ABL. To equip
i) To ensure that an individual has the necessary skills to all of them with the banking activities, ABTI undertook
perform the current job efficiently. comprehensive program both at Dhaka and outside Dhaka. In
2017, Foundation Courses conducted by ABTI are as under:
ii) To prepare an individual for a future role within the
organization.
Name of Level of No of No of
iii) To refresh knowledge/skills with the latest tools/ Course Participants Course Participants
techniques. Banking
iv) To meet legal and company specific requirements. Foundation Senior Officer 12 488
Course
With this point of view, Agrani Bank Training Institute (ABTI) Banking
was established in 1976 and since then ABTI is entrusted with Promoted
Foundation 4 116
the responsibility of designing course curriculum, reading Officer
Course
materials, and course contents for conducting training for the
purpose of enhancing professionalism and administrative Apart from the above, by the following ways ABTI has
efficiency of the executives and officers of the Bank. organized different courses for enhancing knowledge & skills
of existing officers and of those who have completed the
Agrani Bank Training Institute (ABTI) started its courses in 1976 banking foundation course:
at 18 Bangabandhu Avenue, Dhaka in a limited space. In 1996
it was shifted to 35/C Nayapaltan, Dhaka a greater space to Name of Level of No of No of
accommodate more training courses. Both those spaces were Course Participants Course Participants
rented building. With a view to providing standard, updated
training, upholding our tradition and heritage in 2014 it has SO to SPO /
Branch
been shifted to 183, Sat Masjid Road, ADC Empire Plaza, B.M / 2nd 4 194
Management
(Opposite Star Kabab) at Dhanmondi, Dhaka comprising Officer
3rd to 5th floor purchased space total 45 thousand square Credit SO to SPO 5 205
feet and started to arrange training courses. Out of these 3 Operation
at 3rd floor there are 4 class rooms able to accommodate and
200 participants, room of the director, 6 rooms for faculty Management
members, one VIP room for Chairman of the bank, MD & CEO Foreign Trade SO to SPO 4 151
and other top level executives of the bank, ABTI library and & Foreign
office room. The 4th floor is arranged for ladies hostel able to Exchange
accommodate 25 women participants, modern computer lab
and central library. The 5th floor is provisioned for residence CMSME SO to SPO 1 44

Name of Level of No of No of Name of Level of No of No of

Course Participants Course Participants Course Participants Course Participants
Laws of SO to SPO 4 142 T24 Online
Banking Banking
Officer &
Islamic SO to SPO 1 47 Software 12 366
above
Banking & (Credit
Investment Module)
Risk management is the key focus for banks. Keeping it in T-24 Awareness Concern
18 744
mind, in 2017, ABTI has conducted workshops named & styled Training Officer
as ‘Risk Based Capital Management’ in banks, which has been
Computer Skill
designed for executives. Besides this the following workshops Concern
related to risk management and other financial issues were Development 1 305
Officer
conducted: Courses
IT Security
Name of Level of No of No of Concern
Management & 7 331
Course Participants Course Participants Officer
Cyber Audit
Credit Risk
Credit Officers 3 110 Apart from the above, ABTI has organized total 199 courses/
Management
workshops in 2017 including outreach.
Credit Policy
& Credit Risk AGM /SPO 1 30 Outreach Courses
Management ABTI conducted following outreach training courses/
Training workshops outside Dhaka at training center established on
of Trainers circle offices or zonal offices under supervision of concern
(TOT) on circle:
SPO to AGM 1 22
Credit Policy
No of Courses/
& Credit Risk Venue No of Participants
Workshops
Management
Chittagong 15 676
Awareness
Board of Khulna 11 522
of Money
Directors Sr. 1 40 Rajshahi 14 734
Laundering
Executives Rangpur 6 382
Prevention
Skill Sylhet 6 227
Development- DGM/AGM Others 22 938
1 41
Core Risk & Internal Training through ABTI
Basel II & III The total number of courses and participants increased
Moreover, ABTI has organized the following course/workshops in 2017 from that of 2016. Statement of male & female
related to Online Banking & Information Technology: participants and internal & guest speakers of different
courses/workshops conducted by ABTI on 2017:
Name of Level of No of No of
Course Participants Course Participants Category Total
Number of Courses 199
T24 Online 11 385
Banking Officer & Male 7,567
Software above Number of Employees Female 553
(Retail Module) received Training Total 8,120
195
Category Total 3. Skill development course

4. Workshop
Working hours of training received through in 5. Computer course.
273736
house Training
In the training program of 2018, emphasis has been given to
Regular Trainer 11 train up the newly recruited officers by conducting banking
Number of Trainer Guest Speaker 181 foundation course & IT related courses to prevent fraud &
Total 192 forgeries associated with information technology. In this
regard, Agrani Bank Training Institute of Dhaka along with
External Training Other than ABTI (Arranged by Training institutes established outside Dhaka at Chittagong,
HRPDOD) Rajshahi, Khulna, Rangpur & Sylhet and under processing
Number participants of local & foreign training of different training institute of Barisal & Comilla total 7 (seven) outreach
institutes/academies conducted by HRPDOD on 2017: centers will conduct different stipulated courses throughout
the year in view of inclusion more employees into the training
Category Local Foreign Total programed.
Number of Courses 233 19 252 To conduct sessions of training course & workshop honorable
Number of Male 373 32 405 Chairman & Directors of Board of Directors, Managing Director
Employees Female 35 5 40 & CEO, Deputy Managing Directors, General Managers of
received Training ABL take part as guest speaker along with Director & Faculty
Total 408 37 445 Member of ABTI. Beside them Experts & learned Deputy
Working hours of training General Managers, Assistant General Managers & Senior
received through External 12528 1520 14048 Principal Officers of Agrani Bank Limited, teachers of different
Training universities, Trainers of BIBM, BBTA & ICAB and Government
No. of External Training 30 11 41 officers are invited as guest speakers to conduct sessions.
Institution
Agrani Bank Training Institute has been working hard for
Countries Traveled 10 developing human resources full of potentiality, creativity,
skill, integrity and motivation. We hope ABTI will a unique
Expenditure of previous five years training courses/workshops
and exemplary institution regarding quality human resource
conducted by ABTI:
development in the banking sector.
Year Total Expenses Going forward, the bank’s success will depend, in part, on its
(BDT Million) ability to retain, motivate, develop and continue to attract
2017 33.56 talents with the right skills and experience to help the bank
ride over the challenges of the future on the one hand and
2016 34.42
make the most of the available opportunities on the other.
2015 56.38 Automation will continue to reshape the workforce now and
2014 26.83 well into the future.
2013 19.39 As a control function, the role of HR has changed in the
2012 21.01 recent years. More than ever before, it operates in partnership
with the senior management and all business divisions
For the year 2018, a comprehensive need based following and infrastructure functions. Key to this role has been its
five categories training course curriculum has been designed continued focus on bringing the bank’s values and beliefs to
by ABTI and the same has duly been approved by Board of the fore through enunciating a long-term vision for the HR
Directors, in which 10,030 participants will be included in 240 function and specific commitments underpinning this vision.
courses/workshops:
1. Management development course

2. Foundation course

Automation and Digitalization
Development in ICT Sector
the Bank, responsible for managing automation of banking

operations, is well equipped with IBM Mid Range computers,
very High End Servers and latest microcomputers and staffed
with trained and experienced personnel. The Bank uses its
in-house software for processing most of the jobs performed
in IT and MIS Division. The major jobs handled in IT and MIS
Division are:
a) Inter-branch Transaction Reconciliation.
b) Foreign Bank Accounts Reconciliation (Nostro Accounts).
c) Consolidation of Statement of Affairs/ Income &
Expenditure Statements.
d) Personnel System.
e) Pay-roll of Head Office Employees.
f) Inventory Management etc.
Development in ICT Sector Moreover different types of in-house Web Based Software
Information and Communication Technology (ICT) has its have been made for Head Office superintendence,
direct impact on productivity and competitiveness in both consolidation of various information along with other
domestic and international markets. We are proud that necessary jobs performed by the bank. Among them, some of
Agrani Bank was the first among the commercial banks in this the important software are:-
country to introduce computer-based technology. It started
its journey from 1968, using IBM Main Frame computer. Since 1) ‘Integrated On-line MIS- Affairs Consolidation’ software for
then amidst increasingly fierce competition, the efficiency consolidation of affairs, P/L of all the branches and also for
gained and the speed of IT have offered us the opportunity preparing various important reports.
to open up new sources of advanced, innovative products 2) ‘Web Based On-line MIS (WMIS)’ software for Head
and better customer services. Sufficient allocation is made Office superintendence and off-sight supervision of the
by the Bank for hardware and software to ensure complete branches.
implementation of our ambitious plans for the increased use
3) ‘ISS’ software for reporting ISS statement correctly to the
of ICT and Management Information Systems (MIS).
Bangladesh Bank web portal and also for consolidation of
Overall automation the statements of all the branches in Head Office.
Agrani Bank Limited started using computer technology 4) ‘FEX-Monitor’ software for reporting the information of
for automation of its various banking operations since pre different export and import LC opened by the AD branches
liberation. Many important jobs of the bank are currently of the bank correctly in defined format to the Bangladesh
automated. The Information Technology and MIS Division of Bank web portal.
Year-wise Online Branches

1000
900
800
700
600
500
400
300
200
100
0
2010 2011 2012 2013 2014 2015 2016 2017
No. of branches brought
under Online 2 52 54 53 148 507 118 7
Total number of Online
Branches after the year 2 54 108 161 309 816 934 941
197
Online Banking
5) Online CL software (ABL loan) for preparing the classified and services. One of the major steps is installation of fully
loan of the bank and to report it to Bangladesh Bank. It is integrated online core Banking Solution (T24 by Temenos).
to be noted that, daily recovery statement from the NPL Agrani Bank Limited commenced Online Banking solution
(Non-Performing Loan) has also been included in this among all the state owned banks for the first time and it has
software. the highest number of 'online' branches under core banking
6) Moreover, Online Inventory Software for preparing system. It began in 2010 with two pilot branches and now
inventory statement along with depreciation calculation it has progressed further and as of December 2017, all the
and Online closing software for reporting half yearly and branches (941) throughout the country are operating under
annual closing statements have also been prepared. this software.
Moreover, online bill collection of BTCL has been introduced It should be mentioned that T24 software is rated as number
in 2017 and branches are collecting and posting the bills in one core banking software all over the world. For this
BTCL’s system. NID verification for various banking purpose purpose, data center equipped with most modern hardware,
has also been implemented in Agrani Bank Limited and database, connectivity and all other facilities was established
branches have been given user ID and password to get access in Head office. Besides, a Disaster Recovery Site (DRS) was
in the server of Election Commission. rented in Mohakhali where a true replica of data center is
established. The hardware related to data center and DRS
The Bank has a good team of highly skilled manpower both in
has been set up with a capacity to handle all the online
technical and business areas to handle IT operation deployed
branches of the Bank. Again, to handle such a big customer
in Head Office, Zonal Offices and in Branches. The Bank has
base, Oracle database was chosen. A Wide Area Network
recruited a large number of manpower exclusively for ICT
(WAN) covering 943 branches was setup to facilitate online
operation. Those resources are being deployed in Head Office
services. Two redundant network lines were setup for all these
IT and MIS Division and in Zonal Offices from where they
branches. The Core Banking Software (CBS) has four major
can monitor and control the various ICT operations at the
functional areas. These are:
gross root level. The relevant employees are provided with
adequate training to cater to all kinds of needs related to ICT. a) Retail Module: All the functionalities of general banking
A majority of manpower of the Bank has got IT literacy and like SB, CD, FDR, SND, APS, ABS, DD, PO/ PS etc. are
training of basic and higher training on IT courses are offered covered under this module.
throughout the year. The Bank has formulated its ICT policy b) Credit Module: All kinds of credit operation like CC, OD,
as per Bangladesh Bank Guidelines in which proper directives consumer loan, staff loan are handled using this module.
have been provided for each and every operation of the Bank
c) Trade Finance: All activities relating to foreign exchange
related to ICT every year.
business can be handled under this module.
Branch Computerization d) Treasury Module: All treasury functions i.e. security, money
Agrani Bank Limited has grown significantly over the years market, and investment are covered under this module.
in branch automation. Till date all the branches became Also, centralized Head Office GL is incorporated with
computerized, where they are operating under CBS and Treasury Module.
different online/offline software are used in various types of
work. Most of the banking activities can be carried out using All the modules of T24 have been customized as per existing
these software. Bank provides continuous training for the business processes and rules of the bank considering the
users of these software. Now, all the branches are providing guidelines of Bangladesh bank.
computer services with internet connectivity along with For all kinds of automation activities, the Bank has deployed
‘Online Foreign Remittance Payment Software’ and Online human resources in the major areas from the existing
payment system of Western Union, MoneyGram etc and manpower. Primarily, two teams i.e. business team and
others also. capable of making instant payment of foreign technical team are working. The business team was formed
remittance to the beneficiaries and preparing daily Statement choosing experts from each and every functional area i.e.
of Affairs and Profit and Loss Statement besides making other general banking, credit, trade finance and treasury. The
day-to-day correspondences. technical team comprised of the experts of hardware,
Online Banking database, operating system, network, online banking
IT-based banking has a major role to play in rendering software. For capacity building, they were given adequate
improved services to the valued customers and stakeholders training to make them capable of handling all the activities
in today’s competitive banking environment. The Bank to run a core banking software smoothly. The Bank has also
has taken various measures for automation of its functions established a 24 Hours Help Desk in IT & MIS Division to

Electronic Banking
render the operational and technical support to all the online was appointed for integration of a middleware software with
based branches instantly. Within shortest possible time, the T24 software for the implementation of RTGS. The vendor has
product that were not been migrated to T24 software from supplied and established the required middleware software
legacy software will be brought under On-line operation. accordingly by which RTGS Inward Message is being received
Moreover, in near future, Introduction of T24 software will be from Bangladesh Bank and Outward Message is also being
ensured in the services like internet banking, mobile banking sent. It will be possible to operate RTGS activities properly
etc. and other modern banking facilities to the customers. in all the On-line branches of the bank with this Web Based
“Xchanging” Software. Fund Transfer of minimum BDT
BACH & BEFTN 1,00,000.00 and above will be possible through BD-RTGS. As
As part of the plan of Bangladesh Bank for automation per Bangladesh Bank rules, the clients will be facilitated with
of clearing payment system of the country, Bangladesh RTGS system from 10.00 AM to 04.00 PM. Still now Bangladesh
Automated Clearing House (BACH) was introduced in the Bank has not fixed any charges yet for fund transfer facility
bank. The two components of BACH – Bangladesh Automated through RTGS. Bangladesh Bank is expecting that RTGS
Cheque Processing System (BACPS) & Bangladesh Electronic will be a very popular system among the people in the near
Fund Transfer Network (BEFTN) are active in the bank. A future.
total of 400 branches of the bank in 70 clearing areas of the
country have been brought under BACPS successfully and SWIFT
there is a plan to bring all the branches under this operation Agrani Bank Limited provides SWIFT (Society for Worldwide
Inter-bank Financial Telecommunication) facility in its 36
within year 2018. For this purpose, hardware, MICR check
branches to offer services relating to foreign exchange/foreign
scanner and network connectivity have been established in
trade transactions (both import and export) and remittance.
each concerned location. For BACH operation, a sophisticated
centralized software has been customized and installed e-GP
which has facilitated the smooth operation of the system The government of Bangladesh has introduced e-GP
throughout the country. The other component BEFTN (Electronic Government Procurement) program under
has been introduced in all branches of the Bank. As per CPTU (Central Procurement Technical Unit) of Planning
Bangladesh Bank instruction, only credit operation has been Ministry. Contractors of 2,236 purchasing organizations
allowed in it. The debit operation will begin very soon. With under 33 ministry and department of the People’s Republic
the introduction of automated clearing system, customer of Bangladesh can participate in e-tendering by depositing
service has improved greatly. their registration fee, renewal fee, tender document fee, bank
guarantee etc. from designated 288 branches of the bank all
BD-RTGS over Bangladesh and more branches will be brought under
Bangladesh Real Time Gross Settlement (BD-RTGS) is a this process very soon. Proper training on e-GP has been
system where large amount of interbank real time (the provided to a large number of employees of the bank. The
actual time during a transection process) fund transfer (both bank has voluntarily participated in e-GP program to meet its
local and foreign currency) are done electronically. As per commitment to serve the nation.
Bangladesh Bank rules, the originating bank should settle
the payment within 30 minutes after getting the payment Website
instruction from the client. On the other hand, the receiving Agrani Bank Limited has an informative website containing
bank needs to credit the respective client’s account within 30 description of its various products, services, annual accounts,
minutes. BD-RTGS system makes it possible in case of bank to citizen’s charter and other up-to date information about
bank transection. the Bank. The website `www.agranibank.org` serves as a
primary source of information of the bank. Current news on
Bangladesh bank has started ‘RTGS (Real Time Gross recruitment, tender etc. of the bank can also be found on this
Settlement) Go Live’ activity for all the scheduled banks in the website.
country from 29-10-2015. By implementing RTGS, Bangladesh
Bank has given the opportunity of real time interbank ATM
transaction and its settlement for all the scheduled banks In order to be up-to-date with the fast advancing information
along with the option of transaction in foreign currency, technology, Agrani Bank Limited started ATM (Automated
foreign currency exchange (Gross Currency Trading) and Teller Machine) service in 2002 for the clients named as
treasury bond/bill buying and selling. E-Cash Debit Card. After that our bank is providing customer
service by Q-Cash Brand shared ATM Network through IT
Approved by the appropriate authority of the Bank, Xchanging
Consultant Limited (ITCL). At present our customers are
Solutions Ltd (India Base), the lowest bidder of the tender,
199
Agent Banking & Online CIB Reporting
enjoying the benefit of 24 hours cash withdrawal, balance Agent Banking Software (Celloscope) integration with Core
query, mini statement etc along with other banking facilities Banking Software (T-24) is established followed by the
from around 1408 ATMs of 31 scheduled banks under Q-Cash guidelines of Bangladesh Bank and the live operation of
shared network. The Board of Directors of the bank has ‘Agrani Doer Banking’ is continuing in 200 agent locations
approved installation of 100 ATMs by ABL’s own source & under around 160 linked branches. The service will be
management of which 35 ATMs have been lodged already introduced immediately in 143 upazillas as there’s no branch
and the rest are under process. Customers will be able to of our bank in those areas. Moreover the project will also be
enjoy services from around 8,500 ATM Booths of 57 scheduled implemented primarily in union and district areas in more
banks along with DBBL, AB Bank Limited, BRAC Bank agent locations depending on the commercial importance
Limited and The City Bank Limited, which are out of Q-Cash and prosperity. It is to be noted that the customers will be
network, when all the Scheduled Banks of the country will be able to get the facility of ‘Real Time Transaction’ with ‘Agrani
connected with ‘NPSB’ system of Bangladesh Bank. Besides, Doer Banking’ service.
ABL plans to enrich ATM booth service consisting Visa Card,
Master Card and Credit Card facilities. Distribution of SEQAEP Stipend
To inspire the poor and meritorious students from closs
SMS Alert Service 6 to Class 10, Secondary Education Quality and Access
SMS Alert service for all amount of deposit, withdrawal and Enchantment Project (SEQAEP) jointly financed by ministry of
balance confirmation of the customer’s account has been education, Government of People’s Republic of Bangladesh
introduced in 2017. and world Bank is being conducted since 1993. Ministry of
education, World Bank and SEQAEP authority supervise this
Introduction of Agent Banking project. Besides distributing stipend to the students, different
Agrani Bank Limited in association with DOER, has planned
kinds of incentive awards and financing the development of
to extend its financial and banking services to the door of
concerned schools are provided through SEQAEP. Through
unbanked and under banked people of Bangladesh through
this project, the Directorate for Secondary & Higher Secondary
agents, which is termed as ‘Agrani Doer Banking’. The project
Education has been giving away stipend to the students
would run under the ‘Agent Banking Guideline’ that has
enlisted with SEQAEP through 250 branches of Agrani Bank
recently been formulated by Bangladesh Bank in a bid to
Limited across the country since 1993. The main objective
achieve ‘Financial Inclusion’ goal of the nation. Agent Banking
of this project is to ensure that students at Secondary level
model would help to achieve the following:
do not drop out of education. At present, the number of
1. Lowering transaction costs both for the customers and the students receiving the benefit under this project is ten lac.
bank. By receiving stipend money through bank, the students are
2. Help cover a large geographical area with minimum cost. getting introduced and used to banking system which brings
3. Cutting administrative overhead off. momentum to the school banking program of ABL. In this
project World Bank’s fund for, the stipend money is deposited
4. Creating financial awareness.
through Bangladesh Bank to the SEQAEP account maintained
Features of Agent Banking with Principal Branch of ABL. To distribute the money directly
1. New Account Introduction and distribution of Account to the beneficiaries, Principal Branch sends the money
opening Form with KYC. through IBCA to the concerned branches through respective
2. Deposit / withdrawal in Accounts. Zonal offices.
3. Government Benefits (such as old, widow, disability Online CIB Reporting
allowance etc) Distribution. MIS Division of the Bank receives previous months CIB
4. Loan recovery and Disbursement for Agriculture and SME. information sent from related branches via zonal offices in
5. Installments collection for recurring Deposit in Bank. online within 10th of the month. MIS Division verifies the
6. Utilities bill collection. accuracy of the information and after consolidating the
7. Salary disbursement for educational, industries, information sends to Bangladesh Bank in online within
Government and non-government institutes. 20th of the month. Corporate branches directly send CIB
information and inquiry forms to MIS Division. The number of
Agrani Bank Limited, in collaboration with the associated CIB information received by ABL from Bangladesh Bank server
partner ‘DOER’, implemented “Agent Banking” service on and sent to related branches from January to December 2017
a pilot basis in two branches of ABL (Shaistagonj Branch,
are almost 83,500.
Hobigonj & Pangsha Branch, Rajbari) successfully. At present

Stakeholder Engagement
Engaging Our Stakeholders

At ABL, we believe that constructive stakeholder engagement keeps us abreast of changes, attuned to possibilities and
focused on remaining relevant to our stakeholders. It keeps us effective for the long term. This is essential for us to continue
meeting the financial needs of our customers. We continually seek our stakeholders’ views, concerns and expectations through
conversations and collaborative initiatives.
Our stakeholder engagement approach is presented in the following table:
How we Meet Their How we Engaged

Stakeholder What They Expect Our Goals for 2018
Expectations Them in 2017
Customers • Fair products and • Maintaining the highest • Interactions at • Continue frequency and
services professional and branches quality of employee
• Reasonable fees ethical standards in all • Face-to-face training sessions
• Responsible financial our dealings with our meetings and workshops with
advice customers. • Marketing and sharper focus on
• Secure transactions • Focusing on both the advertising service excellence and
• Protection of data and personal and business campaigns digitalisation
privacy financial needs of • Website and social • Extend reach of
• Convenient access to our customers when media campaigns Customer Satisfaction,
products and services developing our products and channels • Raise quality of
• Prompt service and and services. • Events and seminars customer interactions at
resolution of complaints • Ensuring that our people all points of contact.
are equipped and
committed to advise and
to act in the best interests
of our customers.
• Providing our customers
with clear and transparent
information so that they
can make informed
financial decisions.
• Ensuring access to our
banking products and
services through our
extensive network of
customer touch points.
201
How we Meet Their How we Engaged

Expectations Them in 2017
Colleagues • Trust and respect • Creating a values-based • Topical and regular • Continue frequent and
• Career development organisational culture communication to all regular engagement
• Job satisfaction and • Providing opportunities staff from the CEO programmes ,various
recognition for training and • Online and mobile communication channels
• Fair employment development to build employee portal with • Implement initiatives
practices skills for the digital informative, and programmes that
• Work-life harmony economy collaborative fulfil our employee
• Workplace well-being • Empowering our people and social features value proposition
to take ownership of their • HR policies and • Ensure fair and equitable
career paths procedures opportunities are open
• Promoting teamwork and • Periodic to all colleagues
supporting one another to performance
achieve shared goals reviews
• Ensuring fair human • Training and
resource policies are workshops
practised • Transparent
• Ensuring transparent and communications
objective performance between
appraisals, and management and
performance-based employees
rewards and recognition encouraged
• Enabling colleagues through an “open
to give back to the door” policy
community through • Sports
volunteer initiatives and recreational
• Offering health and activities
wellness benefits • support for people
• Maintaining workplace with disabilities
health and safety
Community • Employment • Encouraging strategic • Participation in • Deepen and broaden

opportunities investments that drive governments’ reach of our CSR
• Responsible lending and economic growth and employment creation programmes, building
investment social development initiatives awareness, interest and
• Offering jobs to local engagement for areas
talent • University under focus
• Giving back to society scholarships • Conduct ESG training on
through corporate social • Donations responsible financing for
responsibility (CSR) relevant roles
programmes focused • Meet the borrower
on art, children and and customer
education
• Integrating ESG
considerations into our
risk assessment and credit
decision processes

How we Meet How we Engaged Them

Their Expectations in 2017
Governments • Highest standards • Complying with • Regular meetings and • Maintain level of engagement with
and Regulators of corporate applicable and engagement with local equity, fixed income and ESG-focused
governance and current authorities investment community, including
ethical behaviour laws, regulations • Consultations with investors, analysts and credit rating
• Prevention of and policies regulatory bodies agencies, ensuring high standards of
corporate governance,
financial fraud and • Maintaining • Annual reports
transparency and disclosure
money laundering sound risk • Audit reports
• Highest standards of corporate
• Countering management • Electronic Government
governance and ethical behaviour
the financing of systems and Procurement
• Prevention of financial fraud and
terrorism processes money laundering
• Maintaining • Preserving strong • Countering the financing of terrorism
financial stability capital adequacy • Maintaining financial stability
• Taxes to levels • Taxes to governments
governments • Providing regular • Supporting the development of local
• Supporting the compliance economies and industry
development of training for • Complying with applicable and
local economies our people current laws, regulations and policies
and industry • Conducting • Maintaining sound risk management
regular internal systems and processes
• Preserving strong capital adequacy
and external
levels
audits
• Providing regular compliance training
• Developing
for our people
products and
• Conducting regular internal and
services for start- external audits
ups and small- • Developing products and services for
and medium sized start-ups and small- and medium-sized
enterprises enterprises
• Regular meetings and engagement
with local authorities
• Consultations with regulatory bodies
• Annual reports
• Audit reports
• Maintain robust two-way engagement
with regulators and industry bodies
• Participate actively in consultation
papers issued by regulators to help
shape the regulatory framework
• Improve data analytics and
automation in compliance oversight
tools in line with industry trends
203
How we Meet How we Engaged Them

Their Expectations in 2017
Suppliers • Fair vendor • Ensuring • Requests for Quotations • Ensure understanding
selection integrity in all and Proposals and compliance of
process purchasing • Vendor briefings sustainable procurement
• Ethical conduct decisions • Purchase agreements practices and standards
• Timely payment • Adhering to • Annual reviews
agreement terms
Media • Timely, topical interviews • News releases and • Maintain frequency and level of
and transparent • Providing regular media engagement
information statements and statements with key media partners
on subjects of briefings to • Media conferences • Keep media abreast of news relevant
relevance to the update the media • Media briefings to ABL’s stakeholders
Bank, industry and and the public on • Media interviews • Develop deeper understanding of
the communities in our initiatives and • Ongoing engagement their mediums and constraints
which we operate progress sessions with media in
• Prompt and • Ensuring prompt person and online
accurate reporting and relevant • Issuance of research
of corporate news responses to reports and white papers
such as financial media queries
results • Ensuring the
• Access to senior availability of our
executives with spokespeople on
specific industry topics of
expertise for media relevance to the
interviews Group, industry
and the
communities in
which we operate
Other Financial • Cooperation and • Participating and • Membership, • Maintain active engagement to help
Institutions, collaboration in contributing governance and shape the sustainability agenda and
and Industry addressing the actively to committee positions build industry capacity on ESG issues
and Trade sustainability industry-wide in industry-wide projects
Associations issues the financial efforts to ensure • Participation in, and
services sector and the long-term contribution to,
other sectors face sustainability industrywide meetings
of the financial and initiatives
services sector • Conferences and
and sectors to forums
which our clients
belong
Membership of Associations
ABL is active member of a number of industry associations. We hold governance or committee positions in associations such
as The Association of Bankers , Bangladesh, The Institute of Bankers, Bangladesh, Bangladesh Foreign Exchange Dealers
Association.

Sustainability Scorecard
Performance Indicators 2017 2016 2015

Customers
Number of customers 10,155,882 96,81,952 89,59,403
Access to Financial Services
Number of Branches 941 935 930
Number of ATMS 35 30 30
Number of ATMS (Group) 5,500 5,500 5,500
Customer Experience and Advocacy
customers compliments
Loans to Agriculture (BDT Crore) 409.30 398.73 428.80
Loans Rural Credit 226.78 261.27 226.01

Number of Employee 12,798 12,672 13,396
Number of Employee(Male)% 89% 90% 90%
Number of Employee(Female)% 11% 10% 10%
Average Training hours per Head count 34 38 64
Training expenditure per Head count (Tk.) 4,133 4,332 7,270
Employee attrition% 6% 5% 4%
Community
Medical Consultant Fee(BDT Million) 1.80 2.00 1.90
Medical Expenses(BDT Million) 3.80 3.10 2.40
Sports & Culture Fee(BDT Million) 29.10 22.80 22.10
Transport(BDT Million) 31.50 33.00 30.60
Funeral Expenses(BDT Million) 2.30 2.00 2.40
Monetary contributions (BDT Million) 40.08 24.51 31.65
Environment
Office paper consumption (kg) 13,040 13,280 13,524
Electricity used (kwh) 94,76,769 1,00,33,375 93,90,649
Water Consumption (m³) 5,41,80,000 5,02,30,000 4,80,35,000
Economic Value of Contributions
Total operating income (BDT Crore) 2,353 2,080 1,922
Profit after tax (BDT Crore) 676 (697) 65
Employee compensation and benefits (BDT Crore) 1,074 1,007 695
Income tax to governments (BDT Crore) 268 232 13
Suppliers
Total Purchase(BDT Million) 328.42 644.60 1,152.21
205
We are commited to building our long dreamt “Sonar Bangla” (Golden Bengal).

Independent
Auditors’ Report
Audited Financial
Statement
Independent Auditors’ Report
to the Shareholders of Agrani Bank Limited
Report on the Audit of the Financial Statements

We have audited the accompanying consolidated financial statements of Agrani Bank Limited and its subsidiaries (the “Group”)
as well as the separate financial statements of Agrani Bank Limited (the “Bank”) which comprise the consolidated balance
sheet and the separate balance sheet as at 31 December 2017, and the consolidated and separate profit and loss accounts,
consolidated and separate statements of changes in equity and consolidated and separate cash flow statements for the year
then ended, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements and Internal Controls

Management is responsible for the preparation of consolidated financial statements of the Group and also separate financial
statements of the Bank that give a true and fair view in accordance with Bangladesh Financial Reporting Standards, as
explained in note # 2, and for such internal control as management determines is necessary to enable the preparation of
consolidated financial statements of the Group and also separate financial statements of the Bank that are free from material
misstatement, whether due to fraud or error. The Bank Company Act, 1991 and the Bangladesh Bank Regulations require the
Management to ensure effective internal audit, internal control and risk management functions of the Bank. The management
is also required to make a self-assessment on the effectiveness of anti-fraud internal controls and report to Bangladesh Bank on
instances of fraud and forgeries.
Auditors’ Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group and the separate financial
statements of the Bank based on our audit. We conducted our audit in accordance with Bangladesh Standards on Auditing.
Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether the consolidated financial statements of the Group and the separate financial statements of the Bank
are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated
financial statements of the Group and separate financial statements of the Bank. The procedures selected depend on our
judgment, including the assessment of the risks of material misstatement of the consolidated financial statements of the
Group and the separate financial Statements of the Bank, whether due to fraud or error. In making those risk assessments, we
consider internal control relevant to the entity’s preparation of consolidated financial statements of the Group and the separate
financial statements of the Bank that give a true and fair view in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness
of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial
statements of the Group and also the separate financial statements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and also separate financial statements of the Bank give a
true and fair view of the consolidated financial position of the Group and the separate financial position of the Bank as at 31
December 2017, and of its consolidated and separate financial performances and its consolidated and separate cash flows for
the year then ended in accordance with Bangladesh Financial Reporting Standards, as explained in note # 2 to the financial
statements.
Emphasis of Matters
Without qualifying our opinion, we draw attention to the following matters:
1. As disclosed in note # 12.5, 12.6 and 13.5 to the financial statements, the Bank has explained the basis for recognition
and measurement of provision for classified loans & advances, unclassified loans & advances and also for calculation of
regulatory capital amounts.
2. As disclosed in note # 12.14 to the financial statements, the Bank has explained the basis for recognition and measurement
of provision for Employees’ Superannuation Fund.

3. As disclosed in note # 13.4 and 13.4(a) to the financial statements, the Bank has maintained risk based capital amounting to
Tk. 3,463.41 Crore (Solo basis Tk. 3,448.26 Crore) against the requirement of Tk. 3,416.40 Crore (Solo basis Tk. 3,367.88 Crore)
specified by Bangladesh Bank vide BRPD Circular # 18 dated 21 December 2014 on Guidelines on Risked Based Capital
Adequacy (Revised Regulatory Capital Framework in line with Basel III) as at 31 December 2017. Consequently this results
in a surplus of Tk. 47.01 Crore on a consolidated basis and a surplus of Tk. 80.38 crore on Solo basis for Minimum Capital
Requirement (MCR) of the Bank. In this regard we draw your attention to note # 13.4 and 13.4(a) to the financial statements.
The Bank has maintained Capital Conservation Buffer amounting to Tk. 47.01 crore (solo Tk. 80.38 crore) against the
requirement of Tk. 427.05 crore (solo Tk. 420.99 crore) specified by Bangladesh Bank vide BRPD Circular # 18 dated 21
December 2014 on Guide lines on Risk-Based Capital Adequacy (Revised Regulatory Capital Framework in line with Basel III)
as at 31 December 2017. Consequently, this results in a shortfall of Tk. 380.04 crore on a consolidated basis and Tk. 340.61
crore on solo basis in maintaining Capital Conservation Buffer.
4. The consolidated financial statements of the Group have been prepared on the basis of the financial statements of the Bank
and its six subsidiaries, namely, Agrani Exchange House Private Limited, Agrani Remittance House SDN, BHD, Agrani Equity
and Investment Limited, Agrani SME Financing Company Limited, Agrani Exchange Company (Australia) Pty. Limited and
Agrani Remittance House Canada Inc. While preparing the consolidated financial statements of the Group, management of
the Bank has considered unaudited financial statements of Agrani Exchange Company (Australia) Pty. Limited.
5. As disclosed in note # 9.1.ii to the financial statements, the Bank has explained the reason for continuing the business
operation of Agrani Remittance House Canada Inc. without having further approval from Bangladesh Bank.
Other Matters
The consolidated and separate financial statements of the Group and the Bank for the year ended 31 December 2016 were
jointly audited by MABS & J Partners Chartered Accountants and ACNABIN, Chartered Accountants, who expressed an
unmodified opinion on those financial statements on 30 April 2017.
Report on Other Legal and Regulatory Requirements

In accordance with the Companies Act 1994, the Bank Company Act, 1991 and the rules and regulations issued by Bangladesh
Bank, we also report the following:
a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessaryfor the
purpose of our audit and made due verification thereof;
b) to the extent noted during the course of our audit work performed on the basis stated under the Auditors’ Responsibility
section in forming the above opinion on the consolidated financial statements of the Groupand the financial statements of
the Bank and considering the reports of the management to Bangladesh Bank on anti-fraud internal controls and instances
of fraud and forgeries as stated under the Management’s Responsibility for the financial statements and Internal Control:
i) internal audit, internal control and risk management arrangements of the Group and the Bank as disclosed in note # 2 to
the financial statements appeared to be materially adequate;
ii) nothing has come to our attention regarding material instances of forgery or irregularity or administrative error and
exception or anything detrimental committed by employees of the Bank and its related entities other than matters
disclosed in these financial statements;
c) while preparing the consolidated financial statements of the Group, management of the Bank has considered audited
financial statements of 5 (five) subsidiaries and unaudited financial statements 1(one) subsidiary, as detailed in para-4
under Emphasis of Matters above.
d) in our opinion, proper books of account as required by law have been kept by the Group and the Bank so far as it appeared
from our examination of those books, and proper returns adequate for the purpose of our audit have been received from
the branches not visited by us;
209
e) the consolidated balance sheet and consolidated profit and loss account of the Group and the separate balance sheet and
separate profit and loss account of the Bank dealt with by the report are in agreement with the books of account;
f) the consolidated financial statements of the Group and the separate financial statements of the Bank have been drawn
up in conformity with prevailing rules, regulations and accounting standards as well as with related guidance issued by
Bangladesh Bank;
g) adequate provisions have been made for advances which are in our opinion, doubtful of recovery, as explained in note #
12.5 and 12.6 to the financial statements;
h) Capital to Risk Weighted Assets Ratio (CRAR) as required by the Bangladesh Bank was 11.25% of risk weighted assets. The
Bank has maintained CRAR of 10.14% (solo 10.24%). Thus, there is a shortfall of 1.11% (solo 1.01%) of CRAR;
i) the records and statements submitted by the branches have been properly maintained and consolidated in the financial
statements;
j) the information and explanation required by us have been received and found satisfactory; and
k) we have reviewed over 80% of the risk-weighted assets of the Bank covering 60 branches as well as head office and spent
approximately 14,800 person-hours for the audit of the books and accounts of the Bank.
MABS & J Partners ACNABIN

Chartered Accountants Chartered Accountants
Dated, Dhaka
30 April 2018

Agrani Bank Limited
Consolidated Balance Sheet
as at 31 December 2017
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Property & Assets

Cash: 3(a) 38,508,318,461 35,852,961,878
Cash in hand (including foreign currencies) 3,849,273,273 3,888,294,245
Balance with Bangladesh Bank and its agent bank (including foreign currencies) 34,659,045,188 31,964,667,633
Balance with Other Banks and Financial Institutions: 4(a) 77,941,275,858 27,997,044,836
In Bangladesh 73,143,717,356 25,955,384,711
Outside Bangladesh 4,797,558,502 2,041,660,125
Money at Call and Short Notice 5 2,700,000,000 890,000,000
Investments: 6(a) 177,732,396,485 234,632,661,835

Government 145,624,641,722 202,475,934,897
Others 32,107,754,763 32,156,726,938
Loans and Advances: 7(a).1 318,558,979,454 264,390,644,521

Loans, cash credit & overdraft etc. 315,893,209,721 260,724,225,293
Bills discounted and purchased 2,665,769,733 3,666,419,228
Fixed Assets including land, building, furniture and fixtures 8(a) 15,599,849,954 15,816,658,720
Other Assets 9(a) 44,924,335,428 45,413,388,087
Non-banking Assets 12,501,960 5,726,255
Total Assets 675,977,657,600 624,999,086,132
Liabilities & Capital
Liabilities:
Borrowings from Other Banks, Financial Institutions and Agents 10(a) 13,871,567,614 4,426,571,018
Deposit and Other Accounts: 11(a) 529,991,808,634 493,598,655,150

Current deposits & other accounts 119,707,632,172 107,300,165,960
Bills payable 5,591,284,631 6,353,439,053
Savings bank deposits 161,043,260,016 143,023,197,295
Fixed deposits 243,649,631,815 236,921,852,842
Other Liabilities 12(a) 91,193,554,244 90,413,015,792
Total Liabilities 635,056,930,492 588,438,241,960
Capital/Shareholders' Equity:
Paid-up capital 13.2 20,722,940,400 20,722,940,400
Reserve: 19,478,348,103 17,532,379,379

Statutory reserve 14(a) 7,834,464,973 5,894,026,005
General reserve 15(a) 591,791,414 591,714,409
Risk Fund 15.1(a) 60,000,000 40,000,000
Asset revaluation reserve 16(a) 10,992,091,716 11,006,638,965
Revaluation & amortization reserve 17(a) 1,659,102,598 4,280,530,068

Retained surplus/(deficit) 18(a).2 (974,537,032) (5,988,291,734)
Foreign currency translation reserve 19 34,869,818 13,282,939
Minority interest 20 3,221 3,120
Total Shareholders' Equity 40,920,727,108 36,560,844,172
Total Liabilities and Shareholders' Equity 675,977,657,600 624,999,086,132
211
Agrani Bank Limited
Consolidated Off Balance Sheet Items
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Contingent Liabilities:
Acceptances and endorsements 123,337,740,538 83,902,294,663
Letters of guarantee 21.1(a) 7,557,677,293 6,324,204,340
Letters of credit 21.2(a) 72,045,800,727 36,516,961,325
Bills for collection 21.3(a) 21,876,462,987 19,351,646,467
Other contingent liabilities 21.4(a) 6,121,467,531 5,929,107,531
Claims against the Bank not acknowledged as debt 15,736,332,000 15,780,375,000
Other commitments:
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Forward assets purchased and forward deposits placed - -
Undrawn note issuance and revolving underwriting facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total Off-Balance Sheet Items 123,337,740,538 83,902,294,663
These financial statements should be read in conjunction with the annexed notes 1 to 53.
(MD. WALI ULLAH) (MOHAMMAD SHAMS-UL ISLAM)

General Manager & CFO Managing Director & CEO
(M. ASHIQUL HOQUE CHAWDHURY) (PROF. DR. NITAI CHANDRA NAG) (DR. ZAID BAKHT)
Director Director Chairman

Dated, Dhaka
30-April-2018

Agrani Bank Limited
Consolidated Profit and Loss Account
For the year ended 31 December 2017
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Operating income
Interest and Revenue income 23(a) 22,541,140,172 21,435,674,963
Interest paid on deposits, borrowings etc. 24(a) (18,033,112,443) (20,470,269,050)
Net interest income 4,508,027,729 965,405,913
Investment income 25(a) 15,204,059,765 15,727,329,483
Commission, exchange earnings and brokerage 26(a) 3,485,732,701 3,199,585,727
Other operating income 27(a) 1,111,103,482 1,425,652,381
19,800,895,948 20,352,567,591
Total operating income 24,308,923,677 21,317,973,504
Operating expenses
Salary and allowances 28(a) 10,898,046,852 10,213,899,030
Rent, taxes, insurance, electricity etc. 29(a) 936,038,131 1,097,951,512
Legal expenses 30(a) 29,077,404 39,287,135
Postage, stamp, telecommunication etc. 31(a) 423,266,064 349,793,679
Stationery, printing, advertisement etc. 32(a) 167,805,839 210,353,598
Chief Executive's salary and allowances 33(a) 6,933,033 7,026,613
Directors' fees 34(a) 11,574,737 7,260,501
Auditors' fees 35(a) 4,262,046 6,414,165
Depreciation and repair of bank's assets 36(a) 1,338,042,024 934,074,191
Other expenses 37(a) 1,992,184,689 2,780,674,295
Total operating expenses 15,807,230,819 15,646,734,719
Profit/(Loss) before amortization, provision & tax 8,501,692,858 5,671,238,785
Amortization of valuation adjustment 9.8 1,330,381,639 1,329,500,000
Profit/(Loss) before provision & tax 7,171,311,219 4,341,738,785
Provision for loans and advances 38(a) (5,041,987,720) 8,165,683,497

Provision for off balance sheet exposure 39(a).1 394,354,459 -
Provision for diminution in the value of Investment 39(a).2 (612,171,701) 931,030,434
Provision for employees benefits 39(a).3 1,368,500,000 1,080,000,000
Other provision 39(a).4 1,118,984,436 1,565,091,008
Total provision (2,772,320,526) 11,741,804,939
Net profit/(loss) before Tax 9,943,631,745 (7,400,066,154)

Provision for Tax
Current Tax 40 2,765,890,309 2,366,730,498
Prior Year Tax 265,271 8,635,835
Deferred Tax 41 237,625,796 (2,863,946,663)
3,003,781,376 (488,580,330)
Net profit/(loss) after Tax 6,939,850,369 (6,911,485,824)
Retained earnings brought forward from previous years (5,973,948,433) 925,131,375
965,901,936 (5,986,354,449)
Appropriation:
Statutory reserve 1,940,438,968 1,937,285
General Reserve - -
1,940,438,968 1,937,285
Retained surplus/(deficit) 18(a).2 (974,537,032) (5,988,291,734)
Earnings Per Share (EPS) 13.3(a) 33.49 (33.35)


Dated, Dhaka
30-April-2018
213
214
Agrani Bank Limited
Consolidated Statement of Changes in Equity
Amount in Taka
Annual Report 2017

Attributable to Shareholders of Agrani Bank Limited
Foreign Minority
Particulars Revaluation & Asset Total
Paid up Amortization Statutory General Risk Fund Revaluation Retained Currency Total Interest
Capital Reserve Reserve Surplus Translation
Reserve Reserve Reserve
Balance as at 01, January 2017 20,722,940,400 4,280,530,068 5,894,026,005 591,714,409 40,000,000 11,006,638,965 (5,988,291,734) 13,282,939 36,560,841,052 3,120 36,560,844,172
Adjustment during the year:
Surplus of Amortization of Securities (HTM) - (159,356,291) - - - - - - (159,356,291) - (159,356,291)
Revaluation reserve on investment in Govt. Securities (HFT) - (5,670,838,005) - - - - - - (5,670,838,005) - (5,670,838,005)
Retained surplus - - - - - - (203,847) - (203,847) - (203,847)
Restated Balance 20,722,940,400 (1,549,664,228) 5,894,026,005 591,714,409 40,000,000 11,006,638,965 (5,988,495,581) 13,282,939 30,730,442,909 3,120 30,730,446,029
Reserve transferred to retained earning from assets revaluation reserve - - - - - (14,547,249) 14,547,249 - - - -
Held to Maturity (HTM) - 37,339,485 - - - - - - 37,339,485 - 37,339,485
Held for Trading (HFT) - 3,171,427,341 - - - - - - 3,171,427,341 - 3,171,427,341
Net gains and losses not recognized in the income statement - - - - - - (101) 21,586,879 21,586,778 101 21,586,879
Issue of share capital - - - - - - - - - - -
Transfer from loan & other provision - - - - - - - - - - -
Net profit for the year - - - - - - 6,939,850,369 - 6,939,850,369 - 6,939,850,369
Statutory reserve - - 1,940,438,968 - - - (1,940,438,968) - - - -
Risk fund - - - - 20,000,000 - - - 20,000,000 - 20,000,000
Transfer to general reserve - - - 77,005 - - - - 77,005 - 77,005
Balance as at December 31, 2017 20,722,940,400 1,659,102,598 7,834,464,973 591,791,414 60,000,000 10,992,091,716 (974,537,032) 34,869,818 40,920,723,887 3,221 40,920,727,108
Balance as at December 31, 2016 20,722,940,400 4,280,530,068 5,894,026,005 591,714,409 40,000,000 11,006,638,965 (5,988,291,734) 13,282,939 36,560,841,052 3,120 36,560,844,172
These financial statements should be read in conjunction with the annexed notes 1 to 53

Dated, Dhaka
30-April-2018
w
Agrani Bank Limited
Consolidated Liquidity Statement
(Asset and Liability Maturity Analysis)
As at 31 December 2017
Amount in Taka
Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total
Assets:
Cash in hand 3,849,273,273 - - - 34,659,045,188 38,508,318,461
Balance with other banks and financial institutions 4,797,558,502 60,876,500,000 12,267,217,356 - - 77,941,275,858
Money at call and short notice 2,700,000,000 - - - - 2,700,000,000
Investment 9,080,700 59,489,863,426 47,944,911,114 36,692,061,255 33,596,479,990 177,732,396,485
Loans and advances 15,349,823,381 39,070,120,152 44,984,414,696 102,058,302,629 117,096,318,596 318,558,979,454
Fixed assets including land, furniture and fixtures - - - - 15,599,849,954 15,599,849,954
Other assets 34,601,111,675 3,116,800,654 2,139,830,984 3,911,169,698 1,155,422,417 44,924,335,428
Non-banking assets - - - - 12,501,960 12,501,960
Total Assets 61,306,847,531 162,553,284,232 107,336,374,150 142,661,533,582 202,119,618,105 675,977,657,600
Liabilities:
Borrowing from Bangladesh Bank, other banks, financial
167,538,629 - 5,200,000,000 1,418,130,000 7,085,898,985 13,871,567,614
institutions
Deposits and other accounts 54,977,755,358 130,893,976,397 85,898,542,099 110,233,719,146 147,987,815,634 529,991,808,634
Provision and other liabilities 3,837,054,508 6,834,748,198 8,205,730,433 26,280,799,554 46,035,221,551 91,193,554,244
Total Liabilities 58,982,348,495 137,728,724,595 99,304,272,532 137,932,648,700 201,108,936,170 635,056,930,492
Net Liquidity Gap 2,324,499,036 24,824,559,637 8,032,101,618 4,728,884,882 1,010,681,935 40,920,727,108
Net result of the Liquidity Statement represents the Shareholders’ Equity of the Bank.

Dated, Dhaka
30-April-2018
w
215
Agrani Bank Limited
Consolidated Cash Flow Statement
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
A. Cash flows from operating activities

Interest receipts in cash 42(a) 31,269,380,579 37,361,935,871
Interest payments 43(a) (19,150,356,469) (21,552,627,608)
Dividend receipts 476,040,559 743,679,150
Fees and commission receipts 1,647,566,374 1,628,744,144
Recovery of loans previously written off 902,969,108 119,915,337
Cash payments to employees (10,746,877,061) (10,070,589,018)
Cash payments to suppliers (882,206,547) (197,963,497)
Income taxes paid (2,187,959,214) (2,177,390,893)
Receipts from other operating activities 44(a) 1,096,233,080 1,265,432,685
Payments for other operating activities 45(a) (6,413,029,042) (2,385,531,752)
Operating profit/(loss) before changing in operating assets and liabilities (4,086,646,376) 4,273,105,644
(Increase)/decrease in operating assets and liabilities

Statutory Deposits - -
Purchase/sale of trading securities 49,484,012,299 (43,417,994,828)
Loans & Advances to other banks - -
Loans & Advances to customers (54,168,334,933) (9,157,223,794)
Other assets 1,934,987,444 (2,871,605,215)
Deposits from other banks (1,582,983,071) -
Deposits from customers 37,882,672,966 57,344,324,526
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities 2,332,643,361 1,655,817,563
35,882,998,066 3,553,318,252
Net cash from operating activities (A) 31,796,351,690 7,826,423,896
B. Cash flows from investing activities

Proceeds from sale of securities 1,265,014,254,120 3,680,119,787
Payments for purchase of securities (1,253,088,108,923) -
Purchase/sale of property, plant & equipment (338,324,813) (344,175,363)
Purchase/sale of subsidiary - -
Net cash from investing activities (B) 11,587,820,384 3,335,944,424
C. Cash flows from financing activities

Receipts from issue of loan capital & debt security 6,000,000,000 -
Payments for redemption of loan capital & debt security - (4,401,607,150)
Receipts from/Payments to other borrowings 3,444,996,596 -
Receipts from issue of ordinary share - -
Dividends paid - -
Net cash from financing activities (C) 9,444,996,596 (4,401,607,150)
Net increase in cash and cash equivalents (A+B+C) 52,829,168,670 6,760,761,170
Effect of exchange rate change on cash and cash equivalent 1,580,712,935 1,489,308,264
Cash and cash equivalents at the beginning of the year 64,748,793,414 56,498,723,980
Cash and cash equivalents at the end of the year 47 119,158,675,019 64,748,793,414

Dated, Dhaka
30-April-2018

Agrani Bank Limited
Balance Sheet
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Property & Assets

Cash: 03 38,440,817,584 35,812,986,615
Cash in hand (including foreign currencies) 3,788,497,676 3,853,518,982
Balance with Bangladesh Bank and its agent bank (including foreign currencies) 34,652,319,908 31,959,467,633
Balance with Other Banks and Financial Institutions: 04 77,795,816,230 27,747,160,042

In Bangladesh 73,143,717,356 25,823,211,481
Money at Call and Short Notice 05 2,700,000,000 890,000,000
Investments: 06 170,876,123,594 227,535,131,879

Government 145,624,641,722 202,475,934,897
Others 25,251,481,872 25,059,196,982
Loans and advances: 07 319,118,598,413 265,871,122,887

Loans, cash credit & overdraft etc. 316,452,828,680 262,204,703,659
Bills discounted and purchased 2,665,769,733 3,666,419,228
Fixed assets including land, building, furniture and fixtures 08 15,560,736,445 15,777,304,034
Other Assets 09 49,417,524,622 49,928,037,150
Non-banking Assets 9.7 12,501,960 5,726,255
Total Assets 673,922,118,848 623,567,468,862

Liabilities:
Borrowings from Other Banks, Financial Institutions and Agents 10 13,871,567,614 4,426,571,018
Deposit and Other Accounts: 11 530,349,741,838 494,050,051,943

Current deposits & other accounts 120,065,565,376 107,751,562,753
Bills payable 5,591,284,631 6,353,439,053
Savings bank deposits 161,043,260,016 143,023,197,295
Fixed deposits 243,649,631,815 236,921,852,842
Other Liabilities 12 88,966,229,283 88,514,001,686
Total Liabilities 633,187,538,735 586,990,624,647
Capital/Shareholders' Equity:
Paid-up capital 13.2 20,722,940,400 20,722,940,400
Reserve: 19,384,638,526 17,443,004,091

Statutory reserve 14 7,795,486,660 5,859,381,981
General reserve 15 537,060,150 536,983,145
Risk Fund 15.1 60,000,000 40,000,000
Asset revaluation reserve 16 10,992,091,716 11,006,638,965
Revaluation & amortization reserve 17 1,659,102,598 4,280,530,068

Retained surplus/(deficit) 18.1 (1,032,101,411) (5,869,630,344)
217
Agrani Bank Limited
Off Balance Sheet Items
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Contingent Liabilities:
Acceptances and endorsements 21 123,337,740,538 83,902,294,663
Letters of guarantee 21.1 7,557,677,293 6,324,204,340
Letters of credit 21.2 72,045,800,727 36,516,961,325
Bills for collection 21.3 21,876,462,987 19,351,646,467
Other contingent liabilities 21.4 6,121,467,531 5,929,107,531
Claims against the Bank not acknowledged as debt 15,736,332,000 15,780,375,000
Other commitments:
Documentary credit and short term trade-related transactions - -
Liability on account of outstanding forward exchange contract - -
Undrawn formal standby facilities, credit lines and other commitments - -
Total Off-Balance Sheet Items 123,337,740,538 83,902,294,663


Dated, Dhaka
30-April-2018

Agrani Bank Limited
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Operating income
Interest and revenue income 23 22,530,542,343 21,446,185,391
Interest paid on deposits, borrowings etc. 24 (18,183,216,942) (20,619,597,687)
Net interest income 4,347,325,401 826,587,704
Investment income 25 14,689,209,079 15,611,826,132
Commission, exchange earnings and brokerage 26 3,395,581,119 3,089,128,312
Other operating income 27 1,097,744,530 1,268,892,284
19,182,534,728 19,969,846,728
Total Operating Income 23,529,860,129 20,796,434,432
Operating expenses
Salary and allowances 28 10,741,234,028 10,065,083,886
Rent, taxes, insurance, electricity etc. 29 897,670,632 1,059,119,002
Legal expenses 30 26,738,416 37,122,036
Postage, stamp, telecommunication etc. 31 420,293,635 346,820,326
Stationery, printing, advertisement etc. 32 165,432,752 206,984,501
Chief Executive's salary and allowances 33 5,643,033 5,328,226
Directors' fees 34 5,687,365 3,633,284
Auditors' fees 35 3,636,000 4,613,500
Depreciation, Amortization and Repair of bank's assets 36 1,323,897,628 919,679,290
Other expenses 37 1,809,542,130 2,597,235,097
Total operating expenses 15,399,775,619 15,245,619,148
Profit/(Loss) before amortization, provision & tax 8,130,084,510 5,550,815,284
Amortization of valuation adjustment 9.5 1,330,381,639 1,329,500,000
Profit/(Loss) before provision & tax 6,799,702,871 4,221,315,284
Provision for loans and advances 38 (5,041,987,720) 8,165,683,497

Provision for off balance sheet exposure 39.1 394,354,459 -
Provision for diminution in the value of Investment 39.2 (712,171,701) 931,030,434
Provision for employees benefits 39.3 1,360,000,000 1,070,000,000
Other provision 39.4 1,118,984,436 1,565,091,008
Total provision (2,880,820,526) 11,731,804,939
Net profit/(loss) before Tax 9,680,523,397 (7,510,489,655)

Provision for Tax
Current Tax 12.4 2,682,800,000 2,322,989,078
Deferred Tax 9.6 238,433,187 (2,863,371,879)
2,921,233,187 (540,382,801)
Net profit/(loss) after Tax 6,759,290,210 (6,970,106,854)
Retained earnings brought forward from previous years 18 (5,855,286,942) 1,100,476,510
904,003,268 (5,869,630,344)
Appropriation:
Statutory reserve 14 1,936,104,679 -
General reserve - -
1,936,104,679 -
Retained surplus/(deficit) 18 (1,032,101,411) (5,869,630,344)
Earnings Per Share (EPS) 13.3.2 32.62 (33.63)


Dated, Dhaka
30-April-2018
219
220
Agrani Bank Limited
Statement of Changes in Equity
Amount in Taka
Annual Report 2017

Revaluation & Asset
Paid up Statutory General Retained
Amortization Risk Fund Revaluation Total
Capital Reserve Reserve Surplus
Reserve Reserve
Balance as at 01, January 2017 20,722,940,400 4,280,530,068 5,859,381,981 536,983,145 40,000,000 11,006,638,965 (5,869,630,344) 36,576,844,215
Adjustment during the year:
Surplus of Amortization of Securities (HTM) - (159,356,291) - - - - - (159,356,291)
Revaluation reserve on investment in Govt. Securities (HFT) - (5,670,838,005) - - - - - (5,670,838,005)
Retained surplus - - - - - - (203,847) (203,847)
Restated balance 20,722,940,400 (1,549,664,228) 5,859,381,981 536,983,145 40,000,000 11,006,638,965 (5,869,834,191) 30,746,446,072
Reserve transferred to retained earning from assets revaluation reserve - - - - - (14,547,249) 14,547,249 -
Surplus on account of revaluation of investments in Approved Securities:
Held to Maturity (HTM) (Note-17) - 37,339,485 - - - - - 37,339,485
Held for Trading (HFT) (Note-17) - 3,171,427,341 - - - - - 3,171,427,341
Issue of Share Capital ( Right Share ) - - - - - - - -
Transfer from loan & other provision - - - - - - - -
Net profit for the year - - - - - - 6,759,290,210 6,759,290,210
General reserve - - - 77,005 - - - 77,005
Risk Fund - - - - 20,000,000 - - 20,000,000
Statutory Reserve - - 1,936,104,679 - - - (1,936,104,679) -
Balance as at December 31, 2017 20,722,940,400 1,659,102,598 7,795,486,660 537,060,150 60,000,000 10,992,091,716 (1,032,101,411) 40,734,580,113
Balance as at December 31, 2016 20,722,940,400 4,280,530,068 5,859,381,981 536,983,145 40,000,000 11,006,638,965 (5,869,630,344) 36,576,844,215

Dated, Dhaka
30-April-2018
w
Agrani Bank Limited
Cash Flow Statement
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016

Interest receipts in cash 42 31,269,380,579 37,361,935,871
Interest payments 43 (19,150,356,469) (21,552,627,608)
Dividend receipts 476,040,559 743,679,150
Fees and commission receipts 1,647,566,374 1,628,744,144
Recovery of loans previously written off 902,969,108 119,915,337
Cash payment to employees (10,746,877,061) (10,070,589,018)
Cash payments to suppliers (882,206,547) (197,963,497)
Income taxes paid (2,187,959,214) (2,177,390,893)
Receipts from other operating activities 44 1,096,233,080 1,265,432,685
Payments for other operating activities 45 (6,413,029,042) (2,385,531,752)
Operating profit/(loss) before changing in operating assets and liabilities (3,988,238,633) 4,735,604,419
(Increase)/decrease in operating assets and liabilities

Statutory Deposits - -
Purchase/sale of trading securities 49,484,012,299 (43,417,994,828)
Loans & Advances to other banks -
Loans & Advances to customers (53,247,475,526) (9,069,289,749)
Other assets 1,921,509,314 (3,444,314,949)
Deposits from other banks (1,582,983,071) (8,482,379,652)
Deposits from customers 37,882,672,966 65,556,954,176
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities 1,657,745,468 1,651,204,174
36,115,481,450 2,794,179,172
Net cash from operating activities (A) 32,127,242,817 7,529,783,591

Proceeds from sale of securities 1,264,749,882,015 3,925,744,062
Payments for purchase of securities (1,253,088,108,923) -
Purchase/sale of property, plant & equipment (327,944,283) (353,329,003)
Purchase/sale of subsidiary - -
Net cash from investing activities (B) 11,333,828,809 3,572,415,059

Receipts from issue of loan capital & debt security 6,000,000,000 -
Payments for redemption of loan capital & debt security - (4,401,607,150)
Receipts from/Payments to other borrowings 3,444,996,596 -
Receipts from issue of ordinary share - -
Dividends paid - -
Net cash from financing activities (C) 9,444,996,596 (4,401,607,150)
Net increase in cash and cash equivalents (A+B+C) 52,906,068,222 6,700,591,500
Effect of exchange rate change on cash and cash equivalent 1,580,712,935 1,489,308,264
Cash and cash equivalents at the beginning of the year 64,458,933,357 56,269,033,593
Cash and cash equivalents at the end of the year 46 118,945,714,514 64,458,933,357

Dated, Dhaka
30-April-2018
221
222
Agrani Bank Limited
Liquidity Statement
(Asset and Liability Maturity Analysis)
Amount in Taka
Annual Report 2017

Up to 01 month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total
Assets:
Cash in hand 3,788,497,676 - - - 34,652,319,908 38,440,817,584
Balance with other banks and financial institutions 4,652,098,874 60,876,500,000 12,267,217,356 - - 77,795,816,230
Money at call and short notice 2,700,000,000 - - - - 2,700,000,000
Investment 9,080,700 59,489,863,426 41,088,638,223 36,692,061,255 33,596,479,990 170,876,123,594
Loans and advances 15,349,823,381 39,070,120,152 45,544,033,655 102,058,302,629 117,096,318,596 319,118,598,413
Fixed assets including land, furniture and fixtures - - - - 15,560,736,445 15,560,736,445
Other assets 34,601,111,675 3,116,800,654 2,139,830,984 8,404,358,892 1,155,422,417 49,417,524,622
Non-banking assets - - - - 12,501,960 12,501,960
Total Assets 61,100,612,306 162,553,284,232 101,039,720,218 147,154,722,776 202,073,779,316 673,922,118,848
Liabilities:
Borrowing from Bangladesh Bank,Other banks, financial
167,538,629 - 5,200,000,000 1,418,130,000 7,085,898,985 13,871,567,614
institutions and agents
Deposits and other accounts 55,335,688,562 130,893,976,397 85,898,542,099 110,233,719,146 147,987,815,634 530,349,741,838
Provision and other liabilities 3,837,054,508 6,834,748,198 8,205,730,433 24,430,799,554 45,657,896,590 88,966,229,283
Total Liabilities 59,340,281,699 137,728,724,595 99,304,272,532 136,082,648,700 200,731,611,209 633,187,538,735
Net Liquidity Gap 1,760,330,607 24,824,559,637 1,735,447,686 11,072,074,076 1,342,168,107 40,734,580,113
Net result of the Liquidity Statement represents the Shareholders’ Equity of the Bank.

Dated, Dhaka
30-April-2018
w
Agrani Bank Limited
Notes to the Financial Statements
as at and for the year ended December 31, 2017
1. Background Information
11.1 Establishment and status of the Bank

Agrani Bank Limited (the Bank) has been incorporated as a Public Limited Company on May 17, 2007 Vide Certificate of Incorporation
No. C-66888(4380)/07. The Bank has taken over the business of Agrani Bank (emerged as a Nationalized Commercial Bank in 1972,
pursuant to Bangladesh Bank (Nationalization) Order No. 1972 (P.O. # 26 of 1972)) on a going concern basis through a Vendor
Agreement signed between the Ministry of Finance of the People’s Republic of Bangladesh on behalf of Agrani Bank and the Board
of Directors on behalf of Agrani Bank Limited on November 15, 2007 with a retrospective effect from July 01, 2007. The Bank’s current
shareholdings comprise Government of the People’s Republic of Bangladesh and 09 (Nine) other shareholders nominated by the
Government. The Bank has 943 branches and 05 (five) windows that are working under Islamic Banking Unit complying with the rules
of Islamic Shariah.
1.2 Nature of Business

1.2.1 Conventional Banking
The principal activities of the bank are to provide all kinds of commercial banking services to its customers through its branches and
SME Centers and electronic delivery channels in Bangladesh.
1.2.2 Islamic Banking Unit

The Bank obtained the Islamic Banking Unit permission vide letter no. BRPD(P-3)745(3)/2009-2567 dated July 22, 2009. The Bank
commenced operation of its 05 (Five) Islamic windows on February 28, 2010. There are 05 (Five) Islamic Banking Windows which are
located at Motijheel Branch, Gulshan Branch, Agrabad Branch, Laldighipar Branch and Maizdee Court Branch. The Islamic Banking
Windows are governed under the rules and guidelines of Bangladesh Bank. The principal activities of the windows are to provide all
kinds of Islamic Commercial Banking services to its customers.
1.2.3 Off-shore Banking Unit

The Bank obtained the Off-shore Banking Unit permission vide letter no# BRPD(P-3)744(27)/2013-1993 dated December 03, 2013.
The Off-shore Banking Unit is a separate Banking Unit of Agrani Bank Limited, operates its business through separate counter. The
Off-shore Banking Unit is governed under the rules and guidelines of Bangladesh Bank. The Bank commenced the operation of its
Off-shore Banking Unit with effect from the year 2013. The Unit is located at Chittagong EPZ Branch, Chittagong. Separate financial
statements of Off-shore Banking Unit are also prepared.
1.3 Subsidiaries of the Bank

The financial statements of subsidiaries which are included in the consolidated financial statements of the Group have been prepared
using uniform accounting policies of the Bank (Parent) for transactions and other events of similar nature. There is no significant
restriction on the ability of subsidiaries to transfer funds to the parent in the form of cash dividends or to repay loans and advances.
The Bank has 06 (Six) subsidiaries out of which Agrani Equity and Investment Limited & Agrani SME Financing Company Limited have
been incorporated in Bangladesh and other four subsidiaries- Agrani Exchange House Private Limited incorporated in Singapore,
Agrani Remittance House SDN, BHD. incorporated in Malaysia, Agrani Exchange Company (Australia) Pty Limited incorporated in
Australia and Agrani Remittance House Canada, Inc. incorporated in Canada
1.3.1 Agrani Exchange House Private Limited, Singapore

Agrani Exchange House Private Limited is a limited liability company incorporated and domiciled in the Republic of Singapore with
the Registration No. 200200048D whose registered office and principal place of business is located at 5A Lembu Road Singapore
208444. The Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state owned bank of Bangladesh, which is also
the Company’s ultimate holding company. The principal activities of the Company are to carry on the remittance business and to
undertake and participate in any or all transactions, activities and operations commonly carried on or undertaken by remittance and
exchange houses.
1.3.2 Agrani Remittance House SDN. BHD., Malaysia

The Company is a private limited liability company, incorporated and domiciled in Malaysia with the Registration No. 706823-M whose
registered office is located at Suite 13.01, 13th Floor, Tower Block Plaza Pekeliling, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia. The
Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state-owned bank of Bangladesh, which is also the Company’s
ultimate holding company. The principal activity of the Company is that of providing remittance services to legal Bangladeshi
expatriates working in Malaysia.
1.3.3 Agrani Equity and Investment Limited

The Company is a public limited registered under the Companies Act 1994. The Company was incorporated in Bangladesh on 16
223
Notes to the
Financial Statements
March 2010 with Certificate of Incorporation No. C-8357/10 whose registered office is located at 9/D, Dilkusha, Motijheel, Dhaka-1000,
Bangladesh. The Company is a wholly-owned subsidiary of Agrani Bank Limited, a fully state-owned bank of Bangladesh, which
is also the Company’s ultimate holding company. The principal activities of the Company comprise merchant banking, portfolio
management, issue management and underwriting.
1.3.4 Agrani SME Financing Company Limited

The Company has been incorporated as a public limited company on 27 October, 2010 vide certificate of incorporation No. C-
87827/10. The company has taken over the ongoing work of Small Enterprise Development Project (A Norway and Agrani bank funded
Project of Ministry of Finance, Bangladesh) on a going concern basis through a Vendor’s Agreement signed between the Ministry of
Finance of the People’s Republic of Bangladesh, the Board of Directors on behalf of the Agrani Bank Limited and the Board of Directors
on behalf of the Agrani SME Financing Company Limited on 27 December, 2011. The principal activities of the Company are providing
support to Small and Medium Enterprises all over the country through training program on limited basis and providing loan to the
customers.
1.3.5 Agrani Exchange Company (Australia) Pty. Limited

The Company is a private limited liability company, incorporated and domiciled in Australia with the Corporation No. 154851546
whose registered office is located at 301 Castlereagh Street, Sydney NSW 2000. The Company is a wholly-owned subsidiary of Agrani
Bank Limited, a fully state owned bank of Bangladesh, which is also the Company’s ultimate holding company. The principal activity
of the Company is that of providing remittance services to Bangladeshi expatriates working in Australia. On 25 July 2016, the directors
of Agrani Exchange Company (Australia) Pty. Limited resolved that the business operation of the Company be terminated and the
Company be wound up.
1.3.6 Agrani Remittance House Canada, Inc.

Agrani Remittance House Canada, Inc. is a limited liability company incorporated and domiciled in Canada with the Corporation
No. 819190-5 whose registered office is located at 2962 Danforth avenue, East York, Toronto on M4C 1M6. The Company is a wholly-
owned subsidiary of Agrani Bank Limited, a fully state owned bank of Bangladesh, which is also the Company’s ultimate holding
company. The principal activities of the Company are to carry on the remittance business and to undertake and participate in any or
all transactions, activities and operations commonly carried on or undertaken by remittance and exchange houses.
2. Basis of Preparation and Significant Accounting Policies

2.1 Statement of compliance
The consolidated financial statements of the group and the financial statements of Agrani Bank Limited (ABL) have been prepared
in accordance with Bangladesh Financial Reporting Standards(BFRSs)) which are the International Finacial Reporting Standards as
adopted by the Institute of Chartered Accountants of Bangladesh (ICAB) (Details in Note No-2.43) and the First Schedule (Section-38)
of the Bank Company Act-1991 (amended in 2013) and Banking Regulation & Policy Department (BRPD) circular no-14, dated 25 June
2003 of Bangladesh Bank. In case, the requirements of Bangladesh Bank differ from those of BFRSs, the requirements of Bangladesh
Bank have been complied. ABL has also complied with the requirements of following laws & regulations, as relevant:
i) The Bank Company Act 1991
ii) The Companies Act 1994
iii) Rules, regulations and circulars issued by the Bangladesh Bank from time to time
iv) Bangladesh Securities and Exchange Rules 1987
v) Bangladesh Securities and Exchange Ordinance 1969
vi) Bangladesh Securities and Exchange Commission Act 1993
vii) Income Tax Ordinance 1984
viii) Income Tax Rules 1984
ix) Value Added Tax Act 1991
x) Value Added Tax Rules 1991
However, material departures from the requirements of IFRSs are as follows:

Notes to the
(a) Investments in shares and securities
BFRS:
As per requirements of ‘BAS 39- Financial Instruments: Recognition & Measurement’ investment in shares and securities
generally falls either under “at fair value through profit and loss account” or under “available for sale” where any change in the
fair value (as measured in accordance with BFRS 13- Fair Value Measurement) at the year-end is taken to profit and loss account
or revaluation reserve respectively.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003 investments in quoted shares and unquoted shares are revalued at the year
end at market price and as per book value of last audited balance sheet respectively. Provision should be made for any loss
arising from diminution in value of investment; otherwise investments are recognized at cost.
(b) Revaluation gain/loss on Government securities
BFRS:
As per requirement of ‘BAS 39- Financial Instruments: Recognition & Measurement’ where securities fall under the category of
Held for Trading (HFT), any change in the fair value of Held for Trading assets is recognized through profit and loss account.
Securities designated as Held to Maturity (HTM) are measured at amortized cost method and interest income is recognized
through the profit and loss account.
Bangladesh Bank:
HFT securities are revalued on the basis of mark to market and at year end any gains on revaluation of securities which have
not matured as at the balance sheet date are recognized in other reserves as a part of equity and any losses on revaluation
of securities which have not matured as at the balance sheet date are charged in the profit and loss account. Interest on HFT
securities including amortization of discount are recognized in the profit and loss account. HTM securities which have not
matured as at the balance sheet date are amortized at the year end and gains or losses on amortization are recognized in other
reserve as a part of equity.
(c) Provision on loans and advances
BFRS:
As per ‘BAS 39- Financial Instruments: Recognition & Measurement’ an entity should start the impairment assessment by
considering whether objective evidence of impairment exists for financial assets that are individually significant. For financial
assets that are not individually significant, the assessment can be performed on an individual or collective (portfolio) basis.
Bangladesh Bank:
As per BRPD circular no. 14 dated 23 September 2012, BRPD circular no. 19 dated 27 December 2012, and BRPD circular no.
05 dated 29 May 201, a general provision @ 0.25% to 5% under different categories of unclassified loans (standard/SMA loans)
should be maintained regardless of objective evidence of impairment. And specific provision for sub-standard/doubtful/
bad-loss loans should be made at 20%, 50% and 100% respectively on loans net-off eligible securities(if any). Also, a general
provision @ 1% should be provided for off-balance sheet exposures. Such provision policies are not specifically in line with
those prescribed by BAS 39.
(d) Recognition of interest in suspense
BFRS:
Loans and advances to customers are generally classified as ‘loans and receivables’ as per ‘BAS 39- Financial Instruments:
Recognition & Measurement’ and interest income is recognized through effective interest rate method over the term of the loan.
Once a loan is impaired, interest income is recognized in profit and loss account on the same basis based on revised carrying
amount.
Bangladesh Bank:
As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified, interest on such loans are not allowed to be
recognized as income, rather the corresponding amount needs to be credited to an interest in suspense account, which is
presented as liability in the balance sheet.
225
Notes to the
(e) Other comprehensive income
BFRS:
As per ‘BAS 1- Presentation of Financial Statements’, Other Comprehensive Income (OCI) is a component of financial statements
or the elements of OCI are to be included in a single Other Comprehensive Income statement.
Bangladesh Bank:
Bangladesh Bank has issued templates for financial statements which are to be followed by all banks. The templates of
financial statements issued by Bangladesh Bank do not include Other Comprehensive Income nor are the elements of Other
Comprehensive Income allowed to be included in a single Other Comprehensive Income (OCI) Statement. As such the Bank
does not prepare the other comprehensive income statement. However, elements of OCI, if any, are shown in the statements of
changes in equity.
(f) Financial instruments - presentation and disclosure
In several cases Bangladesh Bank guidelines categorise, recognize, measure and present financial instruments differently from
those prescribed in ‘BAS 39- Financial Instruments: Recognition &Measurement’. As such full disclosures and presentation
requirements of ‘BFRS 7- Financial Instruments: Disclosures’ and ‘BAS 32-Financial Instruments: Presentation’ have not been
made in the financial statements.
(g) Financial guarantees
BFRS:
As per ‘BAS 39- Financial Instruments: Recognition & Measurement’ financial guarantees are contracts that require an entity to
make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when
due in accordance with the terms of a debt instrument. Financial guarantee liabilities are recognized initially at their fair value,
and the initial fair value is amortized over the life of the financial guarantee. The financial guarantee liability is subsequently
carried at the higher of this amortized amount and the present value of any expected payment when a payment under the
guarantee has become probable. Financial guarantees are included within other liabilities.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, financial guarantees such as letter of credit and letter of guarantee will be
treated as off-balance sheet items. No liability is recognized for the guarantee except the cash margin.
(h) REPO transactions
BFRS:
When an entity sells a financial asset and simultaneously enters into an agreement to repurchase the same (or a similar asset)
at a fixed price on a future date (REPO or stock lending), the arrangement is accounted for as a collateralized borrowing and the
underlying asset continues to be recognized in the entity’s financial statements. This transaction will be treated as borrowing
and the difference between selling price and repurchase price will be treated as interest expense.
Bangladesh Bank:
As per BB circulars/guidelines, when a bank sells a financial asset and simultaneously enters into an agreement to repurchase
the same (or a similar asset) at a fixed price on a future date (REPO or stock lending), the arrangement is accounted for as a
normal sale transaction and the financial assets should be derecognized in the seller’s book and recognized in the buyer’s book.
(i) Cash and cash equivalents
BFRS:
Cash and cash equivalent items should be reported as cash item as per ‘BAS 7- Statement of Cash Flows’.
Bangladesh Bank:
Some cash and cash equivalent items such as ‘money at call and on short notice’, treasury bills, Bangladesh Bank bills and prize
bonds are not shown as cash and cash equivalents. Money at call and on short notice is presented on the face of the balance
sheet, and treasury bills and prize bonds are shown in investments.

Notes to the
(j) Non-banking assets
BFRS:
No indication in the name of Non-banking asset is found in any BFRS.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, there must exist a face item named Non-banking asset.
(k) Cash flow statement
BFRS:
AS per ‘BAS 7- Statement of Cash Flows’ the Cash flow statement can be prepared using either the direct method or the indirect
method. The presentation is selected to present these cash flows in a manner that is most appropriate for the business or
industry. The method selected is applied consistently.
Bangladesh Bank:
As per BRPD circular no. 14 dated 25 June 2003, cash flow is the mixture of direct and indirect methods.
(l) Balance with Bangladesh Bank (CRR)
BFRS:
Balance with Bangladesh Bank should be treated as other asset as it is not available for use in day to day operations as per ‘BAS
7- Statement of Cash Flows’.
Bangladesh Bank:
Balance with Bangladesh Bank is treated as cash and cash equivalents.
(m) Presentation of intangible asset
BFRS:
An intangible asset must be identified and recognized, and the disclosure must be given as per ‘BAS 38-Intangible Assets’.
Bangladesh Bank:
There is no regulation for intangible assets in BRPD circular no.14 dated 25 June 2003.
(n) Off balance sheet items
BFRS:
There is no term in the name of off-balance sheet items in any BFRS; hence there is no requirement for disclosure of off-balance
sheet items on the face of the balance sheet.
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, off balance sheet items (e.g. Letter of credit, Letter of guarantee etc.) must be
disclosed separately on the face of the balance sheet.
(o) Loans and advances net of provision
BFRS:
Loans and advances should be presented net of provisions.
Bangladesh Bank:
As per BRPD circular no.14 dated 25 June 2003, provision on loans and advances should be presented separately as liability and
cannot be netted off against loans and advances
2.2 Basis for Measurement

The financial statements of the Bank have been prepared on the historical cost basis except for the following items:
227
Notes to the
a) Government Treasury Bills and Bonds designated as ‘Held for Trading (HFT)’ at present value using marking to market concept
with gain crediting to revaluation reserve.
b) Government Treasury Bills and Bonds designated as ‘Held to Maturity (HTM)’ at present value using amortization concept.
c) Land and building at revalued amounts.
2.3 Use of estimates and judgments

The preparation of consolidated financial statements and separate financial statements (solo) of the Bank required management to
make judgments, estimates and assumptions that affected the application of accounting policies and the reported amounts of assets,
liabilities, income and expenditures. Actual results may differ from these estimates.
Estimates and underlying assumptions have been reviewed considering business realities. Revisions of accounting estimates have
been recognized in the period in which the estimates have been revised and in the future periods affected, if applicable.
The preparation of financial statements in conformity with adopted BFRSs and BRPD circulars requires the use of certain critical
accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s accounting policies.
2.4 Foreign currency transactions

2.4.1 Functional and presentational currency
Financial statements of the Bank have been presented in Bangladeshi Taka, which is the Bank’s functional and presentational currency
except for OBU, where the functional currency is US Dollar (USD). All financial information presented in Taka and US Dollar (USD) has
been rounded off to the nearby integer, except when otherwise indicated.
2.4.2 Foreign currency translation

Foreign currency transactions have been converted into equivalent Taka at the ruling exchange rates on the respective date of such
transactions as per BAS 21 “The Effects of Changes in Foreign Exchange Rates”. Foreign Currency conversion rates for the year 2017 are
as follows:
Sl. No. Particular SGD MYR CAD AUD

1 Assets & Liabilities 61.8410 20.4500 65.8162 56.6813
2 Income & Expenses 58.0648 19.0048 61.9731 56.8407
Here, SGD, MYR, CAD and AUD indicate Singaporean Dollar, Malaysian Ringgit, Canadian Dollar and Australian Dollar respectively.
2.4.3 Commitment
Commitments for outstanding forward foreign exchange contracts disclosed in the consolidated financial statements and separate
financial statements of Bank have been translated at contracted rates. Contingent liabilities/commitments for letter of credit, letter of
guarantee and acceptance denominated in foreign currencies have been expressed in Taka terms at the rates of exchange ruling on
the balance sheet date.
2.4.4 Transaction gains and losses

Gains or losses arising out of transaction of foreign exchange have been included in the Profit and Loss Statement and in Balance
Sheet.
2.4.5 Foreign operations

The assets & liabilities of foreign operations are translated to Bangladeshi Taka at exchange rate prevailing at the balance sheet date.
The income & expenses of foreign operations are translated at average rate of exchange for the year. Foreign currency differences are
recognized and presented in the foreign currency translation reserve in equity.
2.5 Basis for Consolidation

The consolidated financial statements include the financial statements of Agrani Bank Limited and its six subsidiaries named Agrani
Equity and Investment Limited, Agrani SME Financing Company Limited, Agrani Exchange House Private Limited, Singapore, Agrani
Remittance House, BHD, Malaysia, Agrani Exchange Co.(Australia) Pty. Limited, Agrani Remittance House Canada, Inc. made up to
the end of the financial year. The Consolidated financial statements have been prepared in accordance with Bangladesh Financial
Reporting Standard-10 ‘Consolidated Financial Statements’. These Consolidated financial statements are prepared to a common
financial year ended 31 December 2017.

Notes to the
2.5.1 Subsidiaries
Subsidiaries are entities controlled by the group. The financial statements of subsidiaries are included in the Consolidated Financial
Statements from the date that control commences until the date the control ceases.
Name of Subsidiary Ownership Status of Ownership Country of Operation

Agrani Exchange House Pte. Limited 100.00% Wholly Singapore
Agrani Remittance House SDN. BHD. 100.00% Wholly Malaysia
Agrani Equity and Investment Limited 99.99% Majority Bangladesh
Agrani SME Financing Com. Limited 99.99% Majority Bangladesh
Agrani Remittance House Canada, Inc. 100.00% Wholly Canada
Agrani Exchange Co.(Australia) Pty. Limited 100.00% Wholly Australia

2.5.2 Transactions eliminated on consolidation

Intra-group balances and transactions and any unrealized income and expenses arising from intra-group transactions are eliminated
in preparing the Consolidated Financial Statements. Unrealized gains or unrealized losses arising from transactions with equity
investees are eliminated against the investment to the extent of the group’s interest in the investee.
2.6 Materiality, aggregation and offsetting

The Bank aggregates each material class of similar items and separately which are dissimilar in nature or function unless those are
immaterial. The Bank did not offset assets and liabilities or income and expense unless required or permitted by BFRSs.
2.7 Comparative Information

Presentation of Financial Statements, comparative information in respect of the previous year have been presented in all numerical
information in the financial statements and the narrative and descriptive information where it is relevant for the understanding of the
current year’s financial statements.
2.8 Reporting period

The accounting period of the Group has been determined to be from 01 January to 31 December each year and is followed
consistently.
2.9 Cash flow statement

Cash flow statement has been prepared in accordance with the BRPD circular no. 14 dated 25 June 2003 issued by the Banking
Regulation & Policy Department of Bangladesh Bank.
2.10 Statement of changes in equity

Statement of Changes in Equity has been prepared in accordance with BAS 1 “Presentation of Financial Statements” and following
the guidelines of Bangladesh Bank BRPD circular no.14 dated 25 June 2003.
2.11 Liquidity statement

The basis of the liquidity statement of assets and liabilities as on the reporting date is given below:
Particulars Basis
Balance with other banks and financial institutions Maturity term
Investments Respective maturity terms
Loans and advances Repayment schedule basis
Fixed assets More than 5 years bucket
Other assets Realization/ amortization basis
Borrowing from other banks, financial institutions & agents Maturity/ repayments terms
Deposits and others accounts Maturity term/ Previous trend
Other liabilities Payments/ adjustments schedule basis
229
Notes to the
2.12 Cash and cash equivalents

Cash and cash equivalents include notes and coins on hand, unrestricted balances held with Bangladesh Bank and highly liquid
financial assets which are subject to insignificant risk of changes in their fair value, and are used by the Bank management for its short-
term commitments.
2.13 Investments
All investments are initially recognized at cost, including acquisition charges associated with the investment. Accounting treatment
of government treasury securities (categorized as HFT or/and HTM) is given following DOS circular no. 5 dated 26 May 2008 and
subsequent clarifications on 28 January 2009.
2.13.1 Held to Maturity (HTM)

Investments which are intended to be held till maturity are classified as Held to Maturity (HTM). These are measured at amortized cost
at each year-end by taking into account any discount or premium on acquisition. Premiums are amortized and discounts are credited,
using the historical yield. Any increase in value of such investments is booked to equity but decrease to profit and loss account.
2.13.2 Held for Trading (HFT)

These are investments primarily held for selling or trading. After initial recognition, investments are marked to market weekly and any
decrease in the present value is recognized in the Profit and Loss Account and any increase is booked to Revaluation Reserve Account
through Profit and Loss Account as per DOS Circular no. 05 dated 28 January 2009.
2.13.3 REPO and reverse REPO

The Bank has been recording transactions of REPO and reverse REPO following DOS circular no. 6 dated 15 July 2010 issued by
Bangladesh Bank. In case of REPO of both the coupon and non-coupon bearing (treasury bill) securities, the Bank adjusts the
revaluation reserve account for HFT securities and stops the weekly revaluation (if the revaluation date falls within the REPO period) of
the same security. For interest-bearing security, the Bank does not accrue interest during REPO period.
Investments – Initial recognition and subsequent measurement at a glance. Investments are stated as per following bases:
Initial Measurement after initial

Investment class Recording of changes
recognition recognition
Loss to Profit and Loss Account, gain to

Govt. T-bills/T-bonds-Held for Trading (HFT) Cost Fair value Revaluation Reserve through Profit and Loss
Account.
Increase in value of such investments is booked

Govt. T-bills/T-bonds-Held to Maturity (HTM) Cost Amortized cost
to equity, decrease to profit and loss account.
Debenture/Bond Cost None None
Lower of cost or market Loss (net off gain) to profit and loss account
Shares (Quoted) * Cost
value (overall portfolio) but no unrealized gain booking.
Lower of cost or Net Asset Loss to profit and loss account but no
Shares (Unquoted)* Cost
Value (NAV) unrealized gain booking.
Lower of cost and (higher
Loss (net) to profit and loss account but no
Mutual fund (Closed-end) * Cost of market value and 85%
unrealized gain booking.
of NAV)
Prize bond Cost Cost None
* Provision for shares against unrealized loss (gain net off) has been made as per DOS circular no. 4 dated 24 November 2011 and for
mutual funds (closed-end) as per DOS circular letter no. 3 dated 12 March 2015 of Bangladesh Bank.
2.13.4 Investment in quoted securities

These securities are bought and held primarily to sell them in future or held for dividend income, and are reported at cost. Unrealized
gains are not recognized in the profit and loss statement. But required provision is kept for diminution in value of the investment.
2.13.5 Investment in unquoted securities

Investment in unlisted securities is reported at cost. Adjustment is given for any shortage of book value over cost for determining the
carrying amount of investment in unlisted securities.

Notes to the
As per Bangladesh Bank DOS Circular # 04 dated 24 November 2011, provision for diminution in value of the investment was made by
netting off unrealized gain/loss of shares from market price/book value less cost price. Besides, bank complied with Bangladesh Bank
BRPD Circular 14 dated June 25, 2003 as follows, “All investment in shares and securities (both dealing and investment) should be
revaluated at the year-end. The quoted shares should be valued as per market price in the stock exchange(s) and unquoted shares as
per book value of last audited balance sheet. Provision should be made for any loss arising from diminution in value of investment”.
2.13.6 Investment in subsidiary

Investment in a subsidiary is accounted for under the cost method of accounting and presented in the Bank’s consolidated financial
statements as that of a single economic entity in accordance with the BAS 27 “Separate Financial Statements” and BFRS 10
“Consolidated Financial Statements”.
2.14 Loans and advances
2.14.1 Presentation of loans and advances

i) Loans and advances are initially recognized at fair value, representing the cash advanced to the borrowers plus the net of direct
and incremental transaction costs and fees. They are subsequently measured at amortized cost and shown at gross amount
instead of directly reducing the carrying amount of assets while interest suspense and loan loss provision against classified
loans are shown under other liabilities in the Balance Sheet as per BRPD Circular no. 14, dated June 25, 2003.
ii) Loans to staffs are allowed at concessional rate as approved by the authority and are shown under advances as per BRPD
Circular no. 14, dated 25 June 2003.
2.14.2 Interest on loans and advances

i) Interest is calculated on unclassified loans and advances and recognized as income during the year;
ii) Interest calculated on classified loans and advances as per Bangladesh Bank Circulars is kept in interest suspense account;
iii) Interest is calculated on daily product basis but debited to the party’s loan account quarterly. No interest is charged on loans
and advances which are classified as bad and loss;
iv) Total balance of loans and advances as on December 31, 2017 includes bad/loss loan Tk. 49,142,220,215 on which the Bank did
not accrue any interest because of deterioration of quality of loans and advances determined by the management and on the
basis of instructions contained in Bangladesh Bank Circulars as mentioned in Note-2.14.3 of this financial statement; and
v) Interest suspense and penal interest, if any, calculated on classified loans and advances are taken into income in the year of its
receipt from the defaulting borrowers.
2.14.3 Provision for loans and advances

Provision for loans and advances is made on the basis of instructions contained in Bangladesh Bank BRPD Circular no.19 dated
December 27, 2012; BRPD Circular no.14, 15 dated September23, 2012; BRPD Circular no. 05 dated May 29, 2013; BRPD Circular no. 16
dated November 18, 2014.
Rate of Provision
Consumer Financing
Short term
Loans to BHs/
Particulars agri credit SMEF All Other Credit
HF LP MBs/ SDs
Other Than HF & LP
Standard 1% 5% 2% 2% 0.25% 2% 1%
Unclassified
SMA - 5% 2% 2% 0.25% 2% 1%
SS 5% 20% 20% 20% 20% 20% 20%
Classified DF 5% 50% 50% 50% 50% 50% 50%
BL 100% 100% 100% 100% 100% 100% 100%
2.14.4 Interest and discount income

Interest on loans and advances, investment income and discount income are stated at the gross amount as per requirement of BRPD
Circular no 14 dated June 25, 2003.
231
Notes to the
2.14.5 Written off loans and advances

Loans and advances with no realistic prospect of recovery are written off against which full provisions were made earlier and legal
cases initiated but pending, except the state owned enterprises for which no legal actions have been taken. Detailed memorandum
records for all such written off accounts are maintained without reducing the Bank’s claim. Written off loans are calculated according
to BRPD Circular no 2, dated January 13, 2003, DOS Circular no 1, dated December 29, 2004 and BRPD circular no.13, November 7,
2013.
2.14.6 Impairment of financial assets

An asset is impaired when its carrying value exceeds its recoverable amount as per BAS 36 “Impairment of Assets”. At each balance
sheet date, Agrani Bank Limited assesses whether there is objective evidence that a financial asset or a group of financial assets (i.e.
loans and advances, off-balance sheet items and investments) is impaired. A financial asset or group of financial assets is impaired,
and impairment losses are incurred if-
i) there is objective evidence of impairment as a result of a loss event that occurred after the initial recognition of the asset up to
the balance sheet date;
ii) the loss event had an impact on the estimated future cash flows of the financial asset or the group of the financial assets; and
iii) a reliable estimate of the loss amount can be made.
In the event of impairment loss, the Bank reviews whether a further allowance for impairment should be provided in the profit and
loss statement in addition to the provision made based on Bangladesh Bank guidelines or other regulatory requirements.
2.15 Fixed assets and depreciation

a) Fixed assets are stated at cost of acquisition/valuation less accumulated depreciation.
b) Depreciation is charged on straight-line method on all fixed assets at the following rates per annum:
Fixed Assets Rate of depreciation

Land Nil
Building 2.50%
Furniture and Fixture 10.00%
Library Books 10.00%
Motor Vehicles 20.00%
Office Equipment 20.00%
Electric Materials 20.00%
Computer and Computer accessories 20.00%
c) Depreciation at the applicable rates is charged proportionately on additions made during the year from the month the assets
are available for use if such assets are acquired in the first half of the month. Depreciation is charged on assets retiring during
the year for the period up to the end of the month of their retirement if assets are retiring in the second half of the month.
d) Upon retirement of items of fixed assets, the cost and accumulated depreciation are eliminated from the accounts and the
resulting gains or losses, if any, are transferred to Profit and Loss Account.
e) Repairs and maintenances costs of fixed assets are treated as revenue expenditure and charged to Profit and Loss Account
when they are incurred. Depreciation of premises and equipment is included in general and administrative expenses. Repairs
and maintenances are charged to general and administrative expenses and improvements of fixed assets are capitalized.
Gain or loss on sale of fixed assets is recognized in profit and loss statement as per provision of BAS 16 “Property, Plant and
Equipment”.
f) Excess depreciation due to revaluation comparing the depreciation on cost value is transferred to the retained earnings from
revaluation reserve.
2.15.1 Impairment of fixed assets

At each balance sheet date, the Bank assesses whether there is any indication that the carrying amount of an asset exceeds its
recoverable amount. An asset is carried at more than its recoverable amount if its carrying amount exceeds the amount to be
recovered through use or sale of the asset. If this is the case, the asset is described as impaired and an impairment loss is recognized

Notes to the
as an expense in the profit and loss statement unless the asset is carried at revalued amount in accordance with Bangladesh
Accounting Standard (BAS) 16, Property, Plant and Equipment in which case an impairment loss of a revalued asset should be treated
as a revaluation decrease under that Accounting Standard. No impairment loss was recognized up to the reporting period as there
were no such indication existed as on Balance Sheet date.
2.16 Other assets

As per BRPD circular no. 14 dated 25 June 2003, other assets/item(s) have been shown separately as ‘income generating’ and ‘non-
income generating’ in the relevant notes to the financial statements. Other assets include investment in subsidiaries includes all
items of other assets, advance for revenue and capital expenditure, stocks of stationery and stamps, security deposits to government
agencies, other receivables etc.
2.16.1 Provision for other assets

Other assets have been classified as per BRPD Circular No. 14 dated June 25, 2001 of Bangladesh Bank and necessary provisions
made thereon accordingly; and for items not covered under the circular, adequate provisions have been made considering their
realizable ability.
2.16.2 Written off other assets

Other assets having no realistic prospect of recovery have been written off against full provision without reducing the claimed amount
of the Bank. Notional balances against other assets written off have been kept to maintain the detailed memorandum records for
such accounts/assets.
2.17 Non-Banking assets

Non-banking assets were acquired due to the failure of borrowers to repay the loan in time taken against mortgaged property. The
Bank was awarded absolute ownership of a few mortgaged properties (mostly land) through the verdict of the Honorable Court under
section 33(7) of the Artha rin Adalat Act 2003. The value of the properties has been recognized in the financial statements as non-
earning assets on the basis of third-party valuation report. Value of the assets received in addition to the loan outstanding has been
kept as reserve against non-banking assets.
2.18 Reconciliation of inter-branch transactions

Inter-branch transactions are reconciled on a regular basis, and balance of un-reconciled entries at the closing date is accounted for
according to its nature.
2.19 Assets pledged as security

The Bank has no secured liabilities except as mentioned in Note-10.2 to the financial statements and there was no asset pledged as
security against liabilities.
2.20 Revenue recognition

Revenue is recognized only when it is probable that the economic benefits associated with the transaction will flow to the entity and
it can be measured reliably. Items are treated as revenue/income when there is no existence of risk or uncertainty regarding their
realizability.
2.21 Fees and commissions

The recognition of fees revenue including commissions is determined by the purpose for the fees and the basis of accounting for any
associated financial instruments. Fees earned from services that are provided over a specified service period are recognized over that
service period. Fees earned for the completion of a specific service or significant event are recognized when the service is completed
or the event has occurred.
Fees and commissions consist mainly of fees for opening of letters of credit and issuance of guarantees in BDT and in foreign
currencies. Fees and commissions are charged when they become due. Commissions arising from foreign currency transactions are
reported as income.
2.22 Interest income from investments

Interest income on investments in government and other securities, debentures and bonds is accounted for on accrual basis.
2.23 Dividend Income

Dividend income from investments is recognized at the time when it is declared, ascertained and right to receive the payment is
established as per BAS-18 ‘Revenue’.
233
Notes to the
2.24 Interest paid and expenses

In terms of the provision of the Bangladesh Accounting Standard (BAS-1) Presentation of Financial Statements, the interests and other
expenses are recognized on accrual basis.
2.25 Borrowings from other banks, financial institutions and agents

Borrowings from other banks, financial institutions and agents include interest-bearing borrowings which are stated in the financial
statements at principal amount of the outstanding balance. Interest payables on such borrowings are reported under other liabilities.
2.26 Deposits and other accounts

Deposits and other accounts include non-interest-bearing current deposit redeemable at call, interest-bearing on demand and short-
term deposits, savings deposits, fixed deposits and various scheme deposits. These items are brought to account at the gross value of
the outstanding balances.
2.27 Other liabilities

Other liabilities comprise items such as provision for loans and advances/investments, provision for taxes, interest payable on
borrowing, interest suspense and accrued expenses etc. Individual item-wise liabilities are recognized as per the guidelines of
Bangladesh Bank and Bangladesh Financial Reporting Standards (BFRS).
2.28 Share Capital
2.28.1 Capital Management

The bank has a capital management process for measuring, deploying and monitoring it’s available capital and assessing its
adequacy. This capital management process aims to achieve four major objectives; exceed regulatory thresholds and meet long-
term internal capital targets, maintain strong credit rating, manage capital levels commensurate with the risk profile of the Bank and
provide the Bank’s shareholders with acceptable returns.
Capital is managed in accordance with the board approved capital management planning from time to time. Senior management
develops the capital strategy and oversees the capital management planning of the Bank. The bank’s Accounts and Risk management
department are playing key role to implement the Bank’s capital strategy. Capital is managed using both regulatory control measures
and internal matrix.
2.28.2 Paid-up Capital

Paid up capital represents the total amount of shareholder capital that has been paid in full by the Government of Bangladesh
i.e. ordinary shareholder. In the event of winding-up of the Company ordinary shareholder(s) rank after all other shareholders and
creditors are fully entitled to any residual proceeds of liquidation for settlement of debt.
Statutory Reserve
As per the Bank Company Act, 1991 (amendment up to 2013) under section-24, the Bank is required to transfer 20% of its current
year’s profit before tax to reserve until such reserve equals to its paid up capital.
2.28.3 Dividends on Ordinary Shares

Dividends on ordinary shares are recognized as a liability and deducted from equity when it is approved by the bank’s Annual General
meeting. Dividends for the year that are approved after the reporting date are disclosed as an event after the reporting date.
2.29 Retirement benefit scheme

The Bank operates two alternative retirement benefit schemes for its permanent employees, elements of which are as under:
a) Contributory recognized provident fund (CPF) scheme
i) Employees’ contribution 10%;
ii) Bank’s contribution 10%;
iii) This fund is operated by a Board comprising of 8 Trustees; and
iv) Employees enjoying contributory provident fund facilities are entitled to get gratuity for 2 months last basic pay drawn for
each completed year of service subject to completion of minimum 10 years of service.

Notes to the
b) General pension fund scheme (Superannuation Fund)
i) Pension
The Bank operates a pension scheme. This fund is operated by a Trustee Board comprising of 9 Trustees.
ii) Annual provision
Year % of basic pay

1986 to 1994 10%
1995 to 1999 18%
2000 to 2003 25%
2004 to 2005 30%
2006 35%
2007 to 2013 30%
2014 to June'2017 50%
From July'2017 75%
In the year 2017, additional provision Taka 1,260,000,000 has been kept for the provision of superannuation fund (SAF).This has been
named as Superannuation Fund (SAF) created for paying pension to retiring employees. It is fully funded.
iii) General provident fund (GPF)
Employees opted for pensions are also contributing 05%-25% of basic salary as per their desire to GPF. The Bank does not
contribute any amount to the GPF against these employees. The Fund is shown under Sundry Deposit.
2.30 Death relief grant scheme

The Bank operates a Death Relief Grant Scheme since January 01, 1989, which replaced the group insurance scheme. The scheme is
applicable to all employees of the Bank and payments out of this fund are made to the successors of the employees on their death
while in Bank’s service and quantum of payment is determined as per scale and grade of such employees.
2.31 Taxation
The expense comprises current and deferred tax. Current tax and deferred tax is recognized in profit or loss except to the extent that it
relates to a business combination or items recognized directly in equity.
i) Current tax:
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantially enacted at
the reporting date and any adjustment to the tax payable in respect of previous years.
Provision for current income tax of the Bank has been made on taxable income @ 42.5% considering major disallowances of
expenses and concessional rates on certain incomes (0% on gain on trading of govt. securities, 10% on capital gain of shares
& MFs and 20% on dividend income) as per Income Tax Ordinance (ITO) 1984. Tax provision of the Group entities is made on
taxable income of subsidiaries at different rates applicable as per the ITO 1984 and the tax authority of the country where it is
incorporated.
Tk. 2,682,800,000 has been made for provision for the year 2017 and Tk. 2,322,989,078 in the year 2016 by the bank.
Income Tax assessment has been finalized up to 2003, 2004 and 2007. Reference case is pending for the year 2002, 2005,
2006, 2008, 2009, 2010, 2011 and 2012. DCT appeal under process for the year 2013 and 2014. The return has been submitted
for the year 2015. The submission of tax return for the year 2016 is in process. Details statuses of Tax assessment are shown
Annexure-F.
ii) Deferred tax: Deferred tax has been calculated as per Bangladesh Accounting Standard-12 Income Taxes and BRPD Circular
No# 11 Dated 12 December 2011. Calculation shows net deferred tax assets of Tk. 10,969,742,516 (Note - 9.6), where expense has
been recognized amount of Tk. 238,433,187 to the Profit & Loss Account.
2.32 Provisions
Provisions are recognized if the Bank has a present legal or constructive obligation as a result of past events if it is probable that an
outflow of resources will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
235
Notes to the
The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation as of the
Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.
2.33 Loan commitments

No loan commitments are found to be designated at fair value through profit or loss under the fair value option. All loan
commitments remain as off-balance sheet items.
2.34 Materiality, Aggregation and Off Setting

Each material item as considered by management significant has been displayed separately in the financial statements. No amount
has been set off unless the Bank has legal right to set off the amounts and intends to settle on a net basis. Income and expenses are
presented on a net basis only when permitted by the relevant accounting standards.
The values of any asset or liability as shown in the statement of financial position (balance sheet) are not off-set by way of deduction
from another liability or asset unless there exist a legal right therefor. No such incident exists during the year.
2.35 Financial guarantees

Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse the holder for a loss
it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt instrument. Such
financial guarantees are given to banks, financial institutions and other parties on behalf of customers to secure loans, overdrafts,
other banking facilities and other various payments. Financial guarantees are recognized in the financial statements at fair value on
the dates the guarantees were given as contingent liabilities.
2.36 Events after Reporting Period

As per BAS -10 “Events after Reporting Period” events after the reporting period are those events, favorable and unfavorable, that
occur between the end of the reporting period and the date when the financial statements are authorized for issue. Two types of
events can be identified:
(a) those that provide evidence of conditions that existed at the end of the reporting period (adjusting events after the reporting
period); and
(b) those that are indicative of conditions that arose after the reporting period (non adjusting events after the reporting period).
2.37 Segment reporting

For the purpose of Segment Reporting as per Bangladesh Financial Reporting Standard-8 “Operating Segments”, the following
segments relating to revenue, expenses, assets and liabilities have been identified and shown in the related notes accordingly as
primary/secondary segments.
i) domestic operations in line with geographical segments;
ii) banking operations comprising of branches of the banking entity; and
iii) treasury operations comprising of the banking entity.
Information regarding the result of each reportable segment is included in Annexure-L. Performance is measured based on segment
profit before provision, as included in the internal management reports that are reviewed by the Bank’s Management. Segment
report is used to measure performance as Management believes that such information is the most relevant in evaluating the results
of certain segments relative to other entities that operate within these industries.
2.38 Risk management

Being a financial institution, in the ordinary course of business, the Bank is sensitive to verities of risks. The generic severity of such
risk(s) is much intense in our locality due to presence of large number of banks and complex financial transactions. In such highly
competitive environment to ensure a bank’s consistent system and performance, the presence of strong Risk Management culture
is obligatory. Being compliant, the Bank is now looking forward to take risk management practice to a different level, preventing risk
before occurrence, i.e., on a proactive basis rather than on a reactive basis. As a part of regulatory and global benchmarking the bank

Notes to the
has based upon 06 (six) core risk guidelines of Bangladesh Bank and Basel framework. Listed below are the identified risks the Bank is
currently managing or intends to manage in the future:
Sl. No. Basel Accord Core Risk Guideline of BB Pillar

1 Credit Risk Credit Risk
2 Market Risk Foreign Exchange Risk Pillar - I
&
3 Operational Risk Asset Liability Risk Pillar - II
4 Residual Credit Risk Money Laundering Risk
5 Residual Risk (CRM) Internal Control & Compliance Risk Pillar –II
6 Residual Market Risk – Equity ICT Risk Pillar –II
7 Residual Market Risk - Currency Pillar –II
8 Credit Concentration Risk Pillar –II
9 Liquidity Risk Pillar –II
10 Interest Rate Risk Pillar –II
11 Settlement Risk Pillar –II
12 Reputation Risk Pillar –II
13 Strategic Risk Pillar –II
14 Pension Obligation Risk Pillar –II
15 Compliance Risk Pillar –II
Accordingly, the Bank has various high powered committees to monitor and ensure smooth risk management activities. For example,
Management Committee (MANCOM), Asset Liability Committee (ALCOM), Credit Committee (CC), Audit Committee, etc. To manage
the overall risks of the Bank in line of Basel the bank has formed a dedicated Risk Management Division. The details of ABL’s risk
management are shown in the chapter “Risk Management”.
2.39 Related party transactions

A party is related to the company if
(i) directly or indirectly through one or more intermediaries, the party controls, is controlled by, or is under common control with,
the company; has an interest in the company that gives it significant influence over the company; or has joint control over the
company;
(ii) the party is an associate;
(iii) the party is a joint venture;
(iv) the party is a member of the key management personnel of the Company or its parent;
(v) the party is a close member of the family of any individual referred to in (i) or (iv);
(vi) the party is an entity that is controlled, jointly controlled or significantly influenced by or for which significant voting power in
such entity resides with, directly or indirectly, any individual referred to in (iv) or (v); or
(vii) the party is a post-employment benefit plan for the benefit of employees of the company, or of any entity that is a related party
of the company.
Related party transaction is a transfer of resources, services, or obligations between related parties regardless a price is charged as per
BAS 24- Related party disclosures. Details of related party transactions are disclosed in Annexure- A.
2.40 Directors’ responsibilities on statement

The Board of Directors takes the responsibilities for the preparation and presentation of these financial Statements.
2.41 Approval of financial statements

The Board of Directors approved the financial statements on April 30, 2018.
2.42 Credit Rating of the Bank

As per the BRPD circular no. 6 dated 5 July 2006, the Bank has done its credit rating by Alpha Credit Rating Limited (Alpha Rating)
based on the financial statements of Agrani Bank Limited dated 31 December 2016. The following ratings had been awarded:
237
Notes to the

Basis of Rating Outlook
2016 2015 2016 2015
Government Support AAA AAA ST-1 AR-1 Stable
Without Government Support A- A- ST-3 AR-3 Stable
2.43 Compliance of Bangladesh Financial Reporting Standards (BFRS)
Name of Bangladesh Accounting Standards (BAS) BAS No. Status

Presentation of Financial Statements 1 Applied*
Inventories 2 N/A
Statement of Cash Flows 7 Applied*
Accounting Policies, Changes in Accounting Estimates and Errors 8 Applied
Events after the Reporting Period 10 Applied
Construction Contracts 11 N/A
Income Taxes 12 Applied
Property, Plant and Equipment 16 Applied
Leases 17 N/A
Revenue 18 Applied
Employee Benefits 19 Applied
Accounting for Govt. Grants and Disclosure of Government Assistance 20 N/A
The Effects of Changes in Foreign Exchange Rates 21 Applied
Borrowing Costs 23 N/A
Related Party Disclosures 24 Applied
Accounting & Reporting by Retirement Benefit Plans 26 N/A
Separate Financial Statements 27 Applied
Investments in Associates 28 N/A
Financial Instruments: Presentation 32 Applied*
Earnings per share 33 Applied
Interim Financial Reporting 34 N/A
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied*
Financial Instruments: Recognition and Measurement 39 Applied*
Investment Property 40 N/A
Agriculture 41 N/A
Name of Bangladesh Financial Reporting Standards (BFRS) BFRS No. Status

First-time Adoption of Bangladesh Financial Reporting Standards 1 N/A
Share-Based Payment 2 N/A
Business Combinations 3 N/A
Insurance Contracts 4 N/A
Non-Current Assets Held for Sale and Discontinued Operations 5 Not Applied
Exploration for and Evaluation of Mineral Resources 6 N/A
Financial Instruments: Disclosures 7 Applied
Operating Segments 8 Applied
Financial Instruments 9 N/A
Consolidated Financial Statements 10 Applied
Joined Arrangement 11 N/A
Disclosure of Interest in Other Entities 12 Applied
Fair value Measurement 13 Applied
Regulatory Deferral Accounts 14 N/A
Revenue from Contracts with Customers 15 N/A
Leases 16 N/A

* Subject to departure mentioned earlier in note # 2.1 above

Notes to the
2.44 Audit Committee
Status with
Name Status with Bank
Committee Address
Falguni, 13/11/Ka, Shyamoli,

Mr. M. Ashiqul Hoque Chawdhury
Director Chairman Road No. 2, Sher-e-Bangla Nagar
Dhaka-1207.
Additional Secretary (World Bank)

Economic Relations Division,
Ms. Mahmuda Begum Director Member
Ministry of Finance, Block-16, Room-4, Sher-e-Bangla
Nagar, Dhaka-1207.
Apartment A-1,
Mrs. Sangita Ahmed Director Member House # 44, Road # 41,
Gulshan-2, Dhaka-1212.
Professor,
Prof. Dr. Nitai Chandra Nag Director Member
University of Chittagong
Gardenia-7,
Mr. Md. Ansar Ali Khan Director Member
Eskaton Garden, Dhaka.

The detail of ABL’s Audit Committee is given in the chapter “Report of the Board Audit Committee”.
2.45 General:
a) Figures have been rounded off to the nearest taka.
b) Prior Year’s figures have been shown for comparison purposes and rearranged wherever necessary to conform to current year’s
presentation.
c) Conversion rate is calculated based on the simple average of buying and selling rates.
2.46 Changes in Accounting Policies

As per BAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” Accounting Policies are applied consistently
for comparability between financial statements of different accounting periods. Changes in Accounting Policies are applied
retrospectively to the financial statements (if any). Comparative amounts presented in the financial statements affected by the change
in accounting policy for each prior period presented.
239
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
3 Cash 38,440,817,584 35,812,986,615
3.1 Cash in Hand:

Local Currency 3,752,277,207 3,683,224,189
Foreign Currencies 36,220,469 170,294,793
3,788,497,676 3,853,518,982
3.2 Balance with Bangladesh Bank and its agent bank:

Bangladesh Bank (Note - 3.2.1) 33,274,111,396 30,687,340,623
Sonali Bank Limited as agent of Bangladesh Bank (Note - 3.2.2) 1,378,208,512 1,272,127,010
34,652,319,908 31,959,467,633
Total (Note 3.1+3.2) 38,440,817,584 35,812,986,615
3.2.1 Balance with Bangladesh Bank

Local Currency 33,138,743,507 30,385,887,692
Foreign Currencies- Annexure-E(2) 135,367,889 301,452,931
33,274,111,396 30,687,340,623
3.2.2 Balance with Sonali Bank Limited

Local Currency 1,378,208,512 1,272,127,010
Foreign Currencies - -
1,378,208,512 1,272,127,010
3.3 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR):
Cash Reserve Requirement and Statutory Liquidity Ratio have been calculated and maintained in accordance with section 33 of
Bank Company Act, 1991 (Amendment upto 2013) and Monetory Policy Department (MPD) circular nos. 01 & 02, dated June 23,
2014 and December 10, 2013 & DOS circular no. 1 dated 19 January 2014 of Bangladesh.
As per MPD Circular No.116/2014-853 dated 23 June, 2014,of Bangladesh Bank (effective from 24 June, 2014), all scheduled banks
are required to maintain a CRR minimum 6.5% on bi-weekly basis based on weekly average demand and time liabilities of two
months prior to current month and minimum 6.0% on daily basis and 13% Statutory Liquidity Ratio for conventional banking
and 5.50% Statutory Liquidity Ratio for Islamic banking, excluding CRR, on the same liabilities in the form of treasury bills, bonds
and debentures including FC balance with Bangladesh Bank. As per the above mentioned circular, CRR & SLR of December 2017
have been on weekly average balance of October 2017. Both the reserves maintained by the Bank are in excess of the statutory
requirements, as shown below:
3.3.1 Cash Reserve Requirement (Daily Basis)

Reserve Required @ 6.0 % of Total Demand and Time Liabilities 31,125,824,000 28,212,742,000
Actual Reserve held 36,178,938,000 31,240,939,000
Surplus/ (Deficit) 5,053,114,000 3,028,197,000
3.3.1.a CRR of Islamic Banking Unit (Daily Basis)

Reserve Required @ 6.0 % of Total Demand and Time Liabilities 54,926,820 50,628,650
Actual Reserve held 66,084,337 69,545,511
Surplus/ (Deficit) 11,157,517 18,916,861
As per MPD Circular No.116/2014-853 dated 23 June, 2014, daily CRR may be kept @ 6.0% on daily basis. But bi-weekly average
amount would not be below 6.5% of Total Time & Demand Liabilities.

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
3.3.2 Cash Reserve Requirement (Bi-Weekly Average)

Required Reserve @ 6.5 % of Average Demand and Time Liabilities 33,719,643,000 30,563,803,000
Actual Reserve held 36,178,938,000 31,240,939,000
Surplus/(Deficit) 2,459,295,000 677,136,000
3.3.2.a CRR of Islamic Banking Unit (Bi-Weekly Basis)

Required Reserve @ 6.5 % of Average Demand and Time Liabilities 59,504,060 54,847,700
Actual Reserve held 66,084,337 63,075,410
Surplus/(Deficit) 6,580,277 8,227,710
3.3.3 Statutory Liquidity Ratio (SLR)

Required Reserve @13 % of Total Demand and Time Liabilities 67,439,286,000 61,127,607,000
Actual Reserve held (Note: 3.3.3.1) 144,539,263,872 206,542,092,633
Surplus/(Deficit) 77,099,977,872 145,414,485,633
3.3.3.1 Actual reserve held :

Cash in hand 3,779,639,076 3,843,800,000
Excess of CRR 2,459,295,000 677,136,000
Balance with Sonali Bank (as a agent of BB) 1,378,208,512 1,272,127,010
Un encumbered Approved Securities ( HTM ) 51,893,141,015 63,332,513,085
Un encumbered Approved Securities ( HFT ) 61,111,744,269 110,595,756,568
Other eligible securities (HTM) 23,917,236,000 26,820,759,970
Total 144,539,263,872 206,542,092,633
3.3.4 SLR of Islamic Banking Unit

Required Reserve @ 5.50 % of Total Demand and Time Liabilities 50,349,590 46,409,590
Actual Reserve held (Note: 3.3.4.1) 60,016,708 61,851,885
Surplus/(Deficit) 9,667,118 15,442,295
3.3.4.1 Actual reserve held :

Cash in hand 3,436,431 3,624,175
Excess of CRR 6,580,277 8,227,710
Eligible Securities (Bangladesh Govt. Islami Investment Bond) 50,000,000 50,000,000
60,016,708 61,851,885
3(a) Consolidated Cash

(i) Cash in Hand:
Agrani Bank Limited 3,788,497,676 3,853,518,982
Agrani Equity & Investment Limited - -
Agrani SME Financing Company Limited 83,375 61,698
Agrani Exchange House Private Limited, Singapore 44,471,966 17,428,378
Agrani Remittance House SDN. BHD., Malaysia 408,325 385,503
Agrani Remittance House Canada Inc. 1,117,757 2,205,510
Agrani Exchange Company (Australia) Pty. Limited 14,694,174 14,694,174
3,849,273,273 3,888,294,245
241
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
(ii) Balance with Bangladesh Bank and its agent bank :

Agrani SME Financing Company Limited 6,725,280 5,200,000
Agrani Exchange House Private Limited, Singapore - -
Agrani Remittance House SDN. BHD., Malaysia - -
Agrani Remittance House Canada Inc. - -
Agrani Exchange Company (Australia) Pty. Limited - -
34,659,045,188 31,964,667,633
38,508,318,461 35,852,961,878
4 Balance with Other Banks & Financial Institutions
In Bangladesh (Note - 4.1) 73,143,717,356 25,823,211,481
Foreign currencies (Outside Bangladesh) Annexure E-1 4,652,098,874 1,923,948,561
77,795,816,230 27,747,160,042
4.1 In Bangladesh: Local Currency
Banks
Al-Arafah Islami Bank Limited 1,144,390,700 965,249,070
Exim Bank Limited 1,626,459,250 -
Shahjalal Islami Bank Limited 1,275,525,251 -
Social Islami Bank Limited 1,762,789,000 -
AB Bank Limited 1,200,000,000 -
Bank Asia Limited 1,800,000,000 -
BRAC Bank Limited 2,500,000,000 -
Dhaka Bank Limited 2,000,000,000 -
Dutch Bangla Bank Limited 2,000,000,000 -
Eastern Bank Limited 2,000,000,000 -
Exim Bank Limited 600,000,000 -
Social Islami Bank Limited - 1,406,050,000
National Bank Limited 2,000,000,000 1,000,000,000
Ansar VDP Unnayan Bank 400,000,000 320,000,000
Premier Bank Limited 1,500,000,000 1,000,000,000
The Farmers Bank Limited 600,000,000 600,000,000
IFIC Bank Limited 2,000,000,000 -
Jamuna Bank Limited 1,800,000,000 -
Modhumoti Bank Limited 400,000,000 -
Meghna Bank Limited 400,000,000 -
Mercantile Bank Limited 2,000,000,000 -
Midland Bank Limited 300,000,000 -
Mutual Trust Bank Limited 2,550,000,000 -
Commerce Bank of Cylon 1,350,000,000 -
Bangladesh Commerce Bank Limited 800,000,000 300,000,000
NCC Bank Limited 1,800,000,000 -
NRB Bank Limited 800,000,000 -
NRB Commercial Bank Limited 400,000,000 -
NRB Global Bank Limited 400,000,000 -
One Bank Limited 1,800,000,000 -
Pubali Bank Limited 2,000,000,000 -
SBAC Bank Limited 400,000,000 -
Shahjalal Islami Bank Limited 700,000,000 -
Social Islami Bank Ltd. 600,000,000 -
Southeast Bank Limited 2,000,000,000 -
Standard Bank Limited 1,500,000,000 -
The City Bank Limited 2,500,000,000 -
Trust Bank Limited 500,000,000 -
Union Bank Limited 600,000,000 -
ICB Islamic Bank Limited 69,948,607 69,965,797
Basic Bank Ltd. - 1,500,000,000
ICB 8,500,000,000 8,000,000,000
Rajshahi Krishi Unnayan bank 3,000,000,000 3,500,000,000
Deposit with ABL 14,604,548 161,946,614
National Bank of Pakistan 200,000,000 400,000,000
61,793,717,356 19,223,211,481

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Non- Bank Financial Institutions

Bangladesh Financial Investment Company Limited 300,000,000 300,000,000
Bangladesh Industrial Finance Company Limited 200,000,000 200,000,000
Bay Leasing & Investment Limited 600,000,000 200,000,000
Delta Brac Housing Finance Corporation Ltd. 1,200,000,000 600,000,000
FAS Finance & Investment Company Limited 450,000,000 400,000,000
First Finance & Investment Limited 330,000,000 230,000,000
GSP Finance Company Limited 200,000,000 200,000,000
IDLC Finance Limited 1,000,000,000 400,000,000
International Leasing and Financial Services Limited 500,000,000 450,000,000
IPDC Finance Limited 600,000,000 400,000,000
Lanka Bangla Limited 600,000,000 600,000,000
Peoples Leasing, Finance & Investment Limited 370,000,000 370,000,000
Premier Leasing & Finance Ltd. 400,000,000 400,000,000
Prime Finance & Investment Limited 500,000,000 500,000,000
Reliance Finance Limited 500,000,000 500,000,000
Fareast Finance & Investment Company Limited 550,000,000 550,000,000
Union Capital Limited 500,000,000 300,000,000
Capm Venture Capital and Finance Limited 50,000,000 -
Islamic Finance and Investment Limited 200,000,000 -
Meridian Finance & Investment Limited 150,000,000 -
MIDAS Financing Limited 200,000,000 -
National Finance Ltd. 100,000,000 -
National Housing Finance And Investments Limited 600,000,000 -
Phoenix Finance and Investments Limited 350,000,000 -
United Finance Limited 900,000,000 -
11,350,000,000 6,600,000,000
73,143,717,356 25,823,211,481
4.2 Balance with Other Banks and Financial Institutions (Account wise):
Current & Other Accounts 4,652,098,874 1,923,948,561
Fixed Deposit Receipts (FDR) 73,143,717,356 25,823,211,481
77,795,816,230 27,747,160,042
4.3 Maturity grouping of balances:
On demand 4,652,098,874 1,923,948,561
Within 1 to 3 months 60,876,500,000 18,750,000,000
Within 3 to 12 months 12,267,217,356 7,003,245,684
Within 1 to 5 years - 69,965,797
More than 5 years - -
77,795,816,230 27,747,160,042
4(a) Consolidated balance with other banks and financial institutions
(i) In Bangladesh
Agrani Equity & Investment Limited 5,129,177 2,682,043
73,509,848,678 26,413,204,083
Less: Inter-company transaction(s) (366,131,322) (457,819,372)
73,143,717,356 25,955,384,711
243
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
(ii) Outside Bangladesh

Agrani SME Financing Company Limited - -
Agrani Remittance House SDN. BHD., Malaysia 61,742,436 29,921,523
4,797,558,502 2,041,660,125
77,941,275,858 27,997,044,836
5 Money at call and short notice
With Bank
The Farmers Bank Limited 890,000,000 300,000,000
NRB Commercial Bank Limited 350,000,000 -
NRB Global Bank Limited 200,000,000 -
BCBL 140,000,000 -
1,580,000,000 300,000,000
With Non-Bank Financial Institution
BD Finance & Investment Limited 60,000,000 70,000,000
FAS Finance & Investment Limited 50,000,000 -
Fareast Finance & Investment Limited 50,000,000 40,000,000
Prime Finance & Investment Limited - 60,000,000
BIFC 40,000,000 90,000,000
Lanka Bangla Finance 150,000,000 -
IPDC Finance Limited 150,000,000 -
First Finance Ltd. 60,000,000 100,000,000
International Leasing - 50,000,000
Pepples Leasing 250,000,000 180,000,000
IIDFC 80,000,000 -
Meridian Finance Limited 50,000,000 -
National Housing & Finance Limited 100,000,000 -
National Finance Limited 30,000,000 -
CAPM Venture Capital & Finance 50,000,000 -
1,120,000,000 590,000,000
Total 2,700,000,000 890,000,000
6 Investments
SLR Securities
Government Securities (Note- 6.1 ) 136,341,540,314 200,168,448,653
Other Investment (Note- 6.2 ) 630,580,970 630,580,970
136,972,121,284 200,799,029,623
Non SLR Securities
Government Securities (Note- 6.1 ) 9,283,101,408 2,307,486,244
Other Investment (Note- 6.2 ) 24,620,900,902 24,428,616,012
33,904,002,310 26,736,102,256
Total 170,876,123,594 227,535,131,879

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
6.1 Government Securities:

SLR Securities
Treasury Bills (Note- 6.1.1 ) 69,249,093,824 125,518,212,988
Govt. Treasury Bond/Other Govt. Bond/Other Securities (Note- 6.1.2 ) 57,778,203,773 73,361,950,925
Reverse REPO (Annexure-B 4) 9,314,242,717 1,288,284,740
136,341,540,314 200,168,448,653
Non SLR Securities
Govt. Treasury Bond/Other Govt. Bond/Other Securities (Note- 6.1.2 ) 9,274,020,708 2,298,699,544
Prize Bonds (at cost) 9,080,700 8,786,700
9,283,101,408 2,307,486,244
Total 145,624,641,722 202,475,934,897
6.1.1 Treasury Bills

07 days Bangladesh Bank Bills 17,495,839,939 33,988,259,468
30 days Bangladesh Bank Bills - -
91 days Treasury Bills 6,916,599,915 29,280,710,441
Sub total 69,249,093,824 125,518,212,988
6.1.2 Govt. Treasury Bond/Other Govt. Bond/Other Securities

2 years Bangladesh Govt. Treasury Bond 306,841,807 297,296,947
5 years Bangladesh Govt. Treasury Bond 3,128,327,869 6,809,739,258
25 years Treasury Bond (Jute Bond) 61,055,000 114,579,000
7-10 Yrs.(Agrani Bank-BPC) T.Bond 18,126,800,000 20,976,800,000
9-13 Yrs.(Agrani Bank-BJMC) T.Bond 5,098,800,000 5,098,800,000
10 years Bangladesh Govt. Treasury Bond (Remeasured) 896,153,942 896,728,117
Bangladesh Govt. Islamic Investment Bond (BGIIB) 50,000,000 50,000,000
57,778,203,773 73,361,950,925
5 & 10 years Bangladesh Govt. Treasury Bond (Lien with BB infavour of SCB) 9,274,020,708 2,298,699,544
67,052,224,481 75,660,650,469
6.1.3 Investment in Government securities classified as per Bangladesh Bank’s DOS Circular Letter No. 05 date 26 May 2008
and DOS Circular Letter No. 05 date 28 January 2009.
Held to Maturity (HTM) (Note: 6.1.3.a) 75,860,377,015 90,203,273,055
Held for Trading (HFT) (Note: 6.1.3.b) 61,111,744,269 110,595,756,568
136,972,121,284 200,799,029,623
6.1.3.a Held to Maturity (HTM)
Treasury Bill
30 days Bangladesh Bank Bills - -
364 days Treasury Bills 1,057,513,530 -
36,935,695,766 39,938,401,653
245
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Bond/Other Securities
2 years Bangladesh Govt. Treasury Bond 107,705,407 297,296,947
5 years Bangladesh Govt. Treasury Bond 639,465,873 1,299,112,227
25 years Treasury Bond (Jute Bond) 61,055,000 114,579,000
7-10 Years.(Agrani Bank-BPC) T.Bond 18,126,800,000 20,976,800,000
9-13 Years.(Agrani Bank-BJMC) T.Bond 5,098,800,000 5,098,800,000
Bangladesh Govt. Islamic Investment Bond (BGIIB) 50,000,000 50,000,000
10 years Bangladesh Govt. Treasury Bond (Remeasured) 896,153,942 896,728,117
ICB Share 630,580,970 630,580,970
38,924,681,249 50,264,871,402
75,860,377,015 90,203,273,055
6.1.3.b Held for Trading (HFT)
Treasury Bill
07 days Bangladesh Bank Bills - 19,993,480,000
91 days Treasury Bills - 24,170,737,688
Reverse Repo (Treasure Bond) 1,965,000,000 495,834,000
34,278,398,058 86,075,645,336
Bond/Other Securities
2 years Bangladesh Govt. Treasury Bond 199,136,400 -
Reverse Repo (Bangladesh Govt. Treasure Bond) 7,349,242,717 792,450,740
26,833,346,211 24,520,111,232
61,111,744,269 110,595,756,568
6.2 Other Investment
SLR Securities
Shares 630,580,970 630,580,970
630,580,970 630,580,970
Non SLR Securities
Subordinated Bond (Note- 6.2.1) 10,490,000,000 5,871,920,000
Commercial Paper 200,000,000 -
Shares (Note- 6.2.2) 13,930,900,885 18,556,695,995
Un-approved Debenture (Annexure-D) 17 17
24,620,900,902 24,428,616,012
Total 25,251,481,872 25,059,196,982

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
6.2.1 Subordinated Bond

Prime Bank Ltd. Subordinated Bond - 90,000,000
Mutual Trust Bank Ltd. Subordinated Bond - 150,000,000
NBL Subordinated Bond - 81,920,000
UCBL Subordinated Bond-I 300,000,000 300,000,000
One Bank Subordinated Bond 300,000,000 400,000,000
AB Bank Subordinated Bond-I 400,000,000 500,000,000
Southeast Bank Subordinated Bond 400,000,000 500,000,000
EBL Floating Rate Dated Subordinated Bond 200,000,000 200,000,000
Bank Asia Floating Rate Dated Subordinated Bond 200,000,000 200,000,000
Prime Bank Floating Rate Dated Subordinated Bond 200,000,000 200,000,000
EXIM Bank Floating Rate Dated Subordinated Bond 500,000,000 500,000,000
UCBL Subordinated Bond-II 200,000,000 200,000,000
Al-Arafah Islami Bank Subordinated Bond 300,000,000 300,000,000
AB Bank Subordinated Bond-II 500,000,000 500,000,000
Standard Bank Subordinated Bond 240,000,000 300,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond 500,000,000 500,000,000
IFIC Bank Coupon Bearing Subordinated Bond 500,000,000 500,000,000
Southeast Bank Subordinated Bond II 450,000,000 450,000,000
Mutual Trust Bank Ltd Subordinated Bond-II 300,000,000 -
Bank Asia Ltd. Subordinated Bond 250,000,000 -
Floating Rate Subordinated Mudaraba Bond fo Exim Bank Ltd. 500,000,000 -
DBBL Subordinated Bond 500,000,000 -
City Bank 2nd Subordinated Bond 200,000,000 -
Premier Bank Subordinated Bond 200,000,000 -
Standard Bank Subordinated Bond 2 500,000,000 -
Islami Bank Subordinated Bond 1,000,000,000 -
Pubali Bank Ltd. Floating Rate Subordinated Bond 1,000,000,000 -
National Bank 2nd Subordinated Bond 250,000,000 -
FSIBL Subordinated Bond 300,000,000 -
UCBL 3rd Subordinated Bond 300,000,000 -
10,490,000,000 5,871,920,000
6.2.2 Shares
SLR Shares
Share Quoted (Annexure-C 1) 630,580,970 630,580,970
Share Un-Quoted (Annexure-C 2) - -
630,580,970 630,580,970
Non SLR Shares
Share Quoted (Annexure-C 1) 5,151,556,720 9,277,351,830
Share Un-Quoted (Annexure-C 2) 8,779,344,165 9,279,344,165
13,930,900,885 18,556,695,995
Total 14,561,481,855 19,187,276,965
247
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
6.3 Maturity grouping of Investment

On demand 9,080,700 8,786,700
Less than 3 months 59,489,863,426 96,434,777,103
More than 3 months but less than 1 year 41,088,638,223 58,587,194,107
More than 1 yesr but less than 5 year 36,692,061,255 34,107,995,928
More than 5 years 33,596,479,990 38,396,378,041
170,876,123,594 227,535,131,879
6.4 Net Investments:

Carrying amount 170,876,123,594 227,535,131,879
Less: Provision (Note - 12.11) (3,897,390,171) (6,530,823,229)
Net Investment 166,978,733,423 221,004,308,650
6.5 The investment in shares include Tk. 3,000,000,000 shares purchased under sale and buy back agreement. The investment in
shares includes 6,250,000 shares @ Tk. 200 of Unique Hotel and Resorts Limited on 10 November 2010. 26,000,000 shares at
average rate of Tk. 41.54 of Bextex Limited on 28 November 2010 & 19,875,981 shares @ Tk. 33.71 of GMG Airlines on 2 February
2011 in terms of 20% return on invested amount. Only the shares of GMG Airlines have been transferred in the name of the bank.
Moreover the sale & buy back agreement has also expired on 31 July 2012 & hence the exercise period of the sale & buy back
option has also expired. GMG Airlines has suspended its all flight operations from 30 March 2012.
The market value of above shares as on 31 December 2017 was Tk. 495,400,000 resulting in a decrease of Tk 2,504,600,000 from
the acquisition cost of investment. A provision of Tk. 2,504,600,000 has been made against such diminution in value of investment
of share. As the share prices had fallen, the guarantor had given 19,947,211 shares of Beximco Limited & 9,900,000 shares of Shine
Pukur Ceramics Limited as pledge in favor of the bank. The total market value of those pledged shares was Tk. 706,874,697 as at
31 December 2017. Total dividend receivalble of the said investment was Tk. 328.15 crore against which Tk. 107.30 crore has been
received upto 31 December 2017.
It is noted that, the BEXIMCO Group approached a proposal vide a letter dated 18 March, 2018 where they expressed their interest
to resolve outstanding liabilities under share sale and buy back agreement. The matter has been tabled out in 554th meeting of
the Board of Directors of the Bank held on 09 April, 2018 and the Board resolved the issue that the outstanding liabilities under
said Buy Back Agreement might be adjusted after being repaid Tk 307.00 crore by the BEXIMCO within three months from the date
the decision communicated to them and fulfillment of some terms and conditions set forth in the board resolution. Meanwhile a
letter dated 11 April, 2018 has been sent to the BEXIMCO informing the decision of the Board of Directors of the Bank .
6(a) Consolidated investments

(i) Government Securities
Agrani Bank Limited
145,624,641,722 202,475,934,897
- -
- -
Agrani Exchange House Private Limited, Singapore
- -
Agrani Remittance House SDN. BHD., Malaysia
- -
Agrani Remittance House Canada Inc.
- -
- -
145,624,641,722 202,475,934,897

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
(ii) Others
Agrani Equity & Investment Limited 6,778,821,411 7,028,622,996
32,107,754,763 32,156,726,938
Total Investments (i+ii) 177,732,396,485 234,632,661,835
7 Loans and Advances

In Bangladesh (Note - 7.1.a) 313,720,312,722 261,112,295,112
Outside Bangladesh (Note - 7.1.b) 2,732,515,958 1,092,408,547
Bills Purchased & Discounted (Note - 7.1.c) 2,665,769,733 3,666,419,228
319,118,598,413 265,871,122,887
7.1.a In Bangladesh:
a) Loans
Rural Credits 14,801,686,679 13,310,241,195
Weavers Credits 7,877,194 7,997,270
Industrial Credits 87,478,668,530 75,668,760,790
Jute Advances 9,701,124,222 9,601,707,462
Leather Sector Advances 4,517,353,422 3,993,166,121
Staff Loans 36,972,779,729 33,769,591,964
Loan (Others) 68,914,719,225 50,896,100,616
Small and Micro Credits including SME 56,593,827,622 43,314,825,502
278,988,036,623 208,044,708,272
b) Cash credits
Cash Credits 28,224,153,425 24,471,334,998
Packing Credits 1,958,937,738 1,616,273,631
Loan Against Imported Merchandise (LIM) 221,885,825 265,083,523
Payment Against Documents (PAD) 683,714,603 675,760,094
31,088,691,591 27,028,452,246
c) Overdrafts 3,643,584,508 3,521,451,946
Total (a+b+c) 313,720,312,722 261,112,295,112
7.1.b Outside Bangladesh: 2,732,515,958 1,092,408,547

Total Loans, Cash Credit & Over Draft etc. 316,452,828,680 262,204,703,659
7.1.c Bills Purchased & Discounted (Note - 7.10) 2,665,769,733 3,666,419,228

Total Loans and Advances 319,118,598,413 265,871,122,887
249
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
7.2 Maturity grouping of loans and advances:

On demand 15,349,823,381 6,370,220,150
Within 1 to 3 months 39,070,120,152 77,592,763,510
Within 3 to 12 months 45,544,033,655 42,155,820,158
Within 1 to 5 years 102,058,302,629 114,142,898,934
More than 5 years 117,096,318,596 25,609,420,135
319,118,598,413 265,871,122,887
7.3.a Disclosure for significant concentration
Advances to allied concerns of Directors - -
Advances to Managing Director - -
Advances to Other Executives 31,066,064,904 27,162,004,707
Advances to Customers' Group 200,573,864,979 163,040,357,390
Industrial Credits 87,478,668,530 75,668,760,790
319,118,598,413 265,871,122,887
7.3.b Disclosure for sector-wise loans and advances
Government sector 1,842,756,000 -
Other public sector 1,870,668,210 4,144,200,000
Private sector 315,405,174,203 261,726,922,887
319,118,598,413 265,871,122,887
7.3.c Disclosure on large loan
Loan sanctioned to any individual or enterprise or any organization of a group amounting to 10% or more of total capital of the
Bank according to Bangladesh Bank circular BRPD 02, dated 16.01.2014. Total capital of the Bank was Tk. 3,448.26 crore as at 31
December 2017 (TK 2,677.24 crore in 2016).
Amount of outstanding
Orion Group 7,948,100,000 9,292,000,000
Sikder Group 6,295,800,000 6,711,000,000
Bashundhara Group 3,907,500,000 3,996,300,000
Bangladesh Petroleum Corporation 4,255,700,000 3,809,200,000
Dhaka Hyde & Skins Limited 3,597,500,000 2,324,600,000
Tanaka Group 6,267,300,000 5,909,400,000
Joj Bhuiya Group 5,902,700,000 5,568,800,000
Pecefic Group 3,080,100,000 2,895,400,000
Sad Musa Fabrics Ltd Unit - 2,237,700,000
Beximco Group 4,785,500,000 4,595,200,000
Magpie Group 3,779,100,000 3,627,200,000
Prime Group 4,687,500,000 -
Bangladesh Services 5,413,800,000 4,216,200,000
Bangladesh Suger & Food 5,390,000,000 -
Sonali Group 3,061,900,000 -
Moon Group 4,141,800,000 -
Aristocrat Group 2,937,200,000 -
Jakiya Cotton Textile Ltd. 5,968,100,000 5,943,700,000
81,419,600,000 61,126,700,000
7.3.d Disclosure on large loan re-strucruring

No large loan has been re-structured during the year 2017 & 2016 under BRPD circular No. 04 date 29 January 2015 of Bangladesh
Bank.

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
7.4 Geographical Location - wise Loans and Advances:

A. Urban:
Dhaka Region 194,038,087,362 160,686,120,154
Chittagong Region 21,908,677,729 19,237,720,158
Khulna Region 16,127,019,529 13,500,020,158
Rajshahi Region 14,675,919,281 11,005,720,158
Barisal Region 4,340,124,238 4,142,232,158
Sylhet Region 3,664,434,245 2,989,515,840
Rangpur 9,123,590,862 9,068,120,158
Mymensing Region 8,618,162,900 5,919,221,576
Comilla Region 5,025,248,445 5,078,202,157
Faridpur Region 5,013,597,862 4,701,102,581
Sub Total 282,534,862,453 236,327,975,098
B. Rural:
Dhaka Region 5,278,310,055 3,640,111,570
Chittagong Region 926,136,952 494,910,215
Khulna Region 6,762,116,191 5,362,730,215
Rajshahi Region 5,236,225,064 4,741,402,157
Barisal Region 2,777,083,386 2,905,703,157
Sylhet Region 1,322,588,990 964,010,158
Rangpur 4,580,368,091 3,760,211,305
Comilla Region 3,167,613,618 2,339,510,187
Faridpur Region 1,617,090,840 1,178,056,667
Sub Total 36,583,735,960 29,543,147,789
Total (A + B) 319,118,598,413 265,871,122,887
7.5 Sector-wise Loans and Advances:

Agriculture and Fishery 14,801,686,679 13,310,241,195
Jute & Jute Goods 9,701,124,222 9,601,707,462
Transport Storage & Communication 3,758,556,950 3,707,228,949
Ship Breakings 975,418,130 1,477,818,133
Textile & Readymade Garments 31,026,615,000 26,042,496,185
Food & Allied Industry 4,712,139,859 4,714,069,349
Construction & Engineering 10,878,397,260 5,522,183,262
Pharmaceuticals and Chemicals 1,438,237,515 2,147,707,516
Leather Sector 4,517,353,422 3,993,166,121
Power Sector 8,194,182,680 7,486,782,681
Professional and Services 2,028,910,915 1,024,910,915
Housing Service 9,460,436,769 8,164,683,775
Wholesale/Retail Trading 76,100,261,615 37,286,863,613
Personal (staff and other personal loan) 48,219,465,359 39,957,404,107
Bank & Other Non-Financial Institution - -
Electronics & Automobile - -
Cement & Ceramic - -
Others 93,305,812,038 101,433,859,624
319,118,598,413 265,871,122,887
251
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
7.6.a Loans & Advances are Classified as per Bangladesh Bank Circular: Agrani Bank Limited
Unclassified :
Standard (including staff loan) 255,525,214,452 191,070,152,684
Special Mention Account 7,897,877,466 6,756,107,102
263,423,091,918 197,826,259,786
Classified:
Sub-Standard 4,295,266,744 6,813,946,189
Doubtful 2,258,019,536 7,725,968,554
Bad & Loss 49,142,220,215 53,504,948,358
55,695,506,495 68,044,863,101
319,118,598,413 265,871,122,887
7.6.b Loans & Advances are Classified as per Bangladesh Bank Circular: Agrani SME Financing Company Limited
Unclassified :
Standard (including staff loan) 971,243,013 688,000,209
Special Mention Account 51,062,907 46,196,426
1,022,305,920 734,196,635
Classified:
Sub-Standard 14,663,727 13,310,006
Doubtful 8,905,710 7,663,575
Bad & Loss 33,443,123 32,689,066
57,012,560 53,662,647
1,079,318,480 787,859,282
7.7 Loans & Advances (Category wise)
A. Inside Bangladesh
I. Continuous loan (CL-2)
Small & Medium Enterprise Finance 46,311,312,312 33,567,699,883
Other Than Small & Medium Enterprise Finance 54,462,207,273 43,965,420,755
II. Demand loan (CL-3) 100,773,519,585 77,533,120,638
Small & Medium Enterprise 20,240,786 584,579,602
Other Than Small & Medium Enterprise 19,592,271,704 17,156,623,029
19,612,512,490 17,741,202,631
III. Term loan (CL-4)
Small & Medium Enterprise Finance 10,229,996,406 10,032,824,655
Consumer Finance (including staff, other than HF) 2,403,659,562 4,305,270,563
Housing Finance (HF) 18,495,537,900 12,917,066,560
Loans for Professional Set-up Business 192,614,476 16,738,411
Others 150,272,721,307 129,168,153,073
181,594,529,651 156,440,053,262
IV. Short term agri credit and microcredit (CL-5)
Short Term Agri Credit 13,184,890,637 11,833,722,094
Micro Credit 1,220,630,091 1,230,615,715
14,405,520,728 13,064,337,809
B. Outside Bangladesh (Off-shore Banking Unit) 2,732,515,959 1,092,408,547
Total Loans & Advances (Inside & Outside Bangladesh) (A+B) 319,118,598,413 265,871,122,887

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
7.8 Movement of classified loans and advances

Opening balance 68,044,863,101 46,404,102,358
Addition during the year 6,396,643,394 31,176,560,743
Reduction during the year (18,746,000,000) (9,535,800,000)
55,695,506,495 68,044,863,101
7.9 Particulars of Loans and Advances:
Loans considered good in respect of which of the banking company is fully 272,162,217,005 217,695,795,302
secured
Loans considered good against which the banking company holds no security
36,434,276,856 41,986,163,441
other than the debtor's personal guarantee
Loans considered good secured by the personal undertakings of one or more
10,522,104,552 6,189,164,144
parties in addition to the personal guarantee of the debtors
Loans adversely classified, for which no provision is created - -
319,118,598,413 265,871,122,887
Loans due by directors or officers of the banking company or any of them either
separately or jointly with any other persons 31,066,064,904 27,162,004,707
Loans due from companies or firms in which the directors of the banking
company have interests as directors, partners or managing agents or in case of - -
private companies as members
Maximum total amount of advances including temporary advance made at any
time during the year to directors or managers or officers of the banking companies 31,066,064,904 27,162,004,707
or any of them either separately or jointly with any other person
Maximum total amount of advances including temporary advances granted

during the year to the companies or firms in which the directors of the banking
company have interests as directors, partners or managing agents or in the case - -
of private companies as members
Due from bank companies - -

Amount of classified loan on which interest has not been charged,mentioned as follows:
(Decrease) / increase in provision
Amount of loan written off 107,600,000 343,200,000
Amount realized against loan previously written off 902,969,108 652,630,896
Amount of provision kept against loan classified as 'bad/loss' on the date of
preparing the balance sheet 26,581,336,481 27,356,420,442
Interest creditable to the Interest Suspense A/c - -

Cumulative amount of the written off loan 53,994,600,000 53,887,000,000
Amount written off during the current period 107,600,000 343,200,000
Amount of written off loan for which lawsuit has been filed 53,994,600,000 53,887,000,000
7.10 Bills purchased and discounted:

In Bangladesh 549,337,970 1,512,241,936
2,665,769,733 3,666,419,228
253
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
7.11 Maturity grouping of bills purchased and discounted:

Payable within 1 month 2,665,769,733 3,666,419,228
Over 1 month but less than 3 months - -
Over 3 months but less than 6 months - -
6 months or more - -
2,665,769,733 3,666,419,228
7.12 Net Loans and advances:
Carrying amount 319,118,598,413 265,871,122,887
Less: Interest suspense and penal interest (17,059,532,213) (13,343,427,150)
Provision for loans & advances (Note-7.13a) (31,436,043,268) (35,594,205,355)
(48,495,575,481) (48,937,632,505)
Net loans and advances 270,623,022,932 216,933,490,382
7.13.a Provision for loans and advances : Agrani Bank Limited

Unclassified :
Special Mention Account 72,904,470 68,463,668
3,934,560,739 5,019,742,950
Classified:
Sub-Standard 423,000,904 785,549,770
Doubtful 497,145,144 2,432,492,193
Bad & Loss 26,581,336,481 27,356,420,442
27,501,482,529 30,574,462,405
31,436,043,268 35,594,205,355
7.13.b Provision for loans and advances : Agrani SME Financing Company Ltd.
Provision against classified loan 28,596,644 51,881,749
Provision against unclassified loan 2,428,108 1,719,471
Provision special mention account 2,547,600 2,236,030
33,572,352 55,837,250
7(a).1 Consolidated loans, advances and leases/investments
Agrani SME Financing Company Limited 1,079,318,480 787,859,282
320,779,641,040 267,185,179,376
Less: Inter-company transaction (s) (2,220,661,586) (2,794,534,855)
318,558,979,454 264,390,644,521
7(a).2 Consolidated loans & advances are classified as per Bangladesh Bank circular:
Unclassified :
Special Mention Account 7,948,940,373 6,802,303,528
265,027,121,985 199,086,653,628

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Classified:
Sub-Standard 4,309,930,471 6,827,256,195
Doubtful 2,266,925,246 7,733,632,129
Bad & Loss 49,175,663,338 53,537,637,424
55,752,519,055 68,098,525,748
320,779,641,040 267,185,179,376
318,558,979,454 264,390,644,521
7(a).3 Consolidated provision for loans and advances


31,469,615,620 35,650,042,605
8 Fixed assets including land, buildings, furniture and fixtures (Annexure G)

Cost/ Valuation:
Balance at the beginning of the year 18,706,264,138 18,376,557,626
Addition during the year 281,208,150 353,329,003
Revaluation during the year - -
Disposal during the year (7,576,535) (23,622,491)
Balance at the end of the year 18,979,895,753 18,706,264,138
Less: Accumulated Depreciation

Charge for the year 497,770,739 518,258,723
Disposal during the year (7,571,535) (18,414,631)
Written Down Value (WDV) 15,560,736,445 15,777,304,034
8(a) Consolidated Fixed assets including land, buildings, furniture and fixtures
Written Down Value (WDV)
Agrani Remittance House Canada Inc. 74,043 193,747
Agrani Exchange Company (Australia) Pty. Limited 178,546 178,546

15,599,849,954 15,816,658,720
255
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
9 Other Assets
Income generating Other Assets
Investment in shares of subsidiary companies (Note - 9.1) 4,619,433,350 4,619,433,350
4,619,433,350 4,619,433,350
Non-income generating Other Assets
Stationery, stamps, printing materials etc. 100,156,850 86,793,400
Accrued Income (Note - 9.3) 3,435,137,185 2,607,701,205
Receivable From Govt. 6,730,089 6,209,780
Discount Receivable on Treasury Bills - 289,400,000
Advance Deposits & prepayments 3,912,893 4,794,503
Advance Tax Paid (Annexure-F) 15,225,547,530 13,037,588,316
Advance Rent 131,808,669 196,026,735
Suspense Account (Note - 9.2) 1,053,369,212 742,728,398
Demonetized Notes 185 189
Debit balance of Al-Rajhi Foreign Exchange 1 347,892,609
Army pension (Note - 9.2(ii)) 3,436,349,597 3,059,947,293
Civil pension 126,868,306 104,701,272
Purchase of WES Bond 151,131,524 73,145,307
Payment against sanchaya patra 3,056,731,072 2,515,111,596
D.D paid without advice 294,162,350 312,045,103
Protested Bills 72,631,505 57,897,924
Exempted Loans 47,315,217 183,910,875
Interest on Exempted Loans 422,135,913 422,385,486
Deferred Tax Assets (Note - 9.6) 10,969,742,516 11,208,175,703
Foreign Correspondent draft paid 20,904,703 17,098,998
Balance with Indian Bank 23,505 23,505
Balance with Pakistani Bank 1 1
Software Purchase (Note - 9.8) 1,107,332,546 1,180,633,375
Valuation Adjustment (Note - 9.5) - 1,330,381,639
Dividend Receivable from Preference Share 3,977,298,044 3,632,298,044
Work in Progress for Consulting of Bank building 978,034,774 883,722,824
Receivable from Agrani SME Financing Company Limited 55,672,663 55,672,663
Receivable/(Payable) against Sale/Buy of Share of ICB 63,719,647 -
Receivable from Agrani Remittance House Canada Inc. 28,884,654 28,579,617
Receivable from Agrani Exchange Company (Australia) Pty. Limited 32,490,121 32,490,121
Branch Adjustment ( Note - 9.4) - 2,891,247,319
44,798,091,272 45,308,603,800
Total 49,417,524,622 49,928,037,150
9.1 Investment in shares of subsidiary companies

Agrani SME Financing Limited 600,000,000 600,000,000
Agrani Exchange House Pvt. Limited, Singapore 6,457,000 6,457,000
4,619,433,350 4,619,433,350

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
9.1.i As per decision of 457 th meeting of the Board of Directors of Agrani Bank Limited held on 29 May,2016 and the consent letter
BRPD(M) 204/08/2016-3995 of Bangladesh Bank regarding wind up of Agrani Exchange Company Pty Limited, Australia, the
Company has closed down its operation in 30 June 2016 and it’s liquidation process is underway. As a part of liquidation process,
the Company has submitted an application requesting to cancel the registration of the company to Australian Securities and
Investments Commission (ASIC)- Australian government body that acts as Australia’s corporate regulator . Agrani Bank Lmited
would take next steps immediately after the liquidation of the company effectively comes to an end.
9.1.ii Although Bangladesh Bank instructed Agrani Bank Limited to close down the operation of Agrani Remittance House Canada Inc.
due to the company not be able to make it profitable since it’s inception, the Bank has applied to Bangladesh Bank for giving a
rational time span within which the Company becomes profitable with taking some realistic plan and implementing of the plan
that mentioned in the prayer. Again on 03 December 2017 the Bank has written to Bangladesh Bank secking approval for contuning
operation of the above Remittancec House; and is awating for a response from Bangladesh Bank.
9.2 Suspense Account:

Sundry debtors -staff (Note - 9.2(i)) 20,831,039 15,413,515
Sundry debtors -other (Note - 9.2(i)) 855,977,276 722,620,787
Legal charges 214,229 336,016
Clearing adjustment 171,752,250 1,819,192
Advance against petty cash 1,202,636 827,840
Loan application form 1,463,393 1,519,611
Clearing Suspense 554,897 12,795
Remittance only point 53,270 -
Premium paid XPB 1,320,222 178,642
1,053,369,212 742,728,398
9.2 (i) Sundry debtors- staff & others
An amount of Tk. 64,206,604 remain un-recovered/unadjusted over one year and provision has been kept againgst the amount.
9.2 (ii) Army Pension

This represents pension paid to retired army personnel by the Bank of Tk. 3,436,349,597 as per Government decision which is
reimbursable. Tk. 368,097,169 against the outstanding amount has already been reimbursed by the Government and kept in
sundry deposit which is to be adjusted. Moreover an amount of Tk. 1,141,819,710 has been provided in the accounts against long
outstanding.
9.3 Accrued income:

Accrued interest on loans & advances 303,701,536 45,510,078
Accrued interest on investment 2,246,249,788 2,238,160,767
Accrued interest on balance with Other Banks & Financial Institutions 606,713,198 214,370,957
Accrued commission, exchange & brokerage 236,877,315 69,575,505
Accrued other operating income 41,595,348 40,083,898
3,435,137,185 2,607,701,205
257
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
9.4 Branch adjustment:

Debit balance
Main Office Account (MO) 1,159,903,733,385 1,159,988,844,486
New General Account (NG) 1,155,594,636,853 1,155,683,891,792
Instant Financial Massaging System (IFMS) 21,258,959,698 21,258,446,698
Inter-Branch Account for Online Transactions 704,229,083,187 535,037,808,491
Computerized Main Office Account (CMO) 666,113,817,746 514,121,107,039
Computerized New General Account (CNG) 816,580,212,885 652,598,650,958
4,523,680,443,754 4,038,688,749,464
Less:- Credit balance
Main Office Account (MO) (1,160,575,615,059) (1,161,164,915,899)
New General Account (NG) (1,155,574,476,636) (1,155,493,399,857)
Instant Financial Massaging System (IFMS) (21,278,495,787) (21,278,495,787)
Inter-Branch Account for Online Transactions (704,206,978,794) (532,117,669,894)
Computerized Main Office Account (CMO) (670,925,420,663) (511,557,445,257)
Computerized New General Account (CNG) (815,006,804,142) (654,185,575,451)
(4,527,567,791,081) (4,035,797,502,145)
(3,887,347,327) 2,891,247,319
During the year net balance of branch adjustment arrived as debit has been shown under head “Other Assets “.The Net debit
balance of Branch Adjustment account arrived due to transit in responding entries.
9.5 Agrani Bank Limited has taken over the entire assets and liabilities of former Agrani bank through a Vendor’s Agreement executed
between the Government of the People’s Republic of Bangladesh and the Agrani Bank Limited on November 15, 2007 with
retrospective effect from July 01, 2007. As per clause 7(2) of the said agreement assets & liabilities of Agrani Bank as on 30 June
2007 have been revalued by a professional Chartered Accountants firm to determine final value of assets & liabilities of the
Bank. In determining the final value, the valuation adjustment of the Bank has been calculated at Tk.13,295,881,639 (fair value
of total assets Tk.162,699,217,872 less fair value of total liabilities Tk.173,510,899,511 minus paid up share capital as purchase
consideration Tk.2,484,200,000). A decision has been arrived at unanimously in a meeting of representatives from the Ministry of
Finance, Government of the Peoples Republic of Bangladesh, Bangladesh Bank, Security & Exchange Commission (SEC) and three
state-owned commercial banks that the valuation adjustment be shown under “Other Assets” and be gradually written off within
the next 10 (ten) years at the maximum. In line with the above decision, the amount has been written off and adjusted in full by
the year 2017.
9.6 Deferred Tax:

Deferred tax has been computed in accordance with provision of BAS -12 based on taxable temporary differences in the carrying
amount of the assets/liabilities and their tax base as follows:
i) Written down value of fixed assets

a. Carrying amount (excluding land & building) 1,708,971,799 1,864,246,795
b. Tax base 1,010,810,038 1,019,446,544
c. (Taxable)/deductible temporary difference (b-a) (698,161,761) (844,800,251)
Applicable tax rate 42.50% 42.50%
Deferred tax asset/(liabilites) (296,718,748) (359,040,107)

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
ii) Provision for Bad & Loss Loans and Advances *

a. Carrying amount (26,581,336,481) (27,356,420,442)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 26,581,336,481 27,356,420,442
Deferred tax asset/(liabilites) 11,297,068,004 11,626,478,688
iii) Provision for Supper Annuation Fund during the year (Note-12.14)
a. Carrying amount (280,000,000) -
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 280,000,000 -
Deferred tax asset/(liabilites) 119,000,000 -
iv) Provision for Death Relief Grant Scheme during the year (Note-12.16)
a. Carrying amount (30,273,771) (12,500,000)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 30,273,771 12,500,000
Deferred tax asset/(liabilites) 12,866,353 5,312,500
v) Loss in revaluation of share (Note-12.11)

a. Carrying amount (3,897,390,171) (6,530,823,229)
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 3,897,390,171 6,530,823,229
Deferred tax asset/(liabilites) 389,739,017 653,082,323
vi) Carry forward of loss on sale of share in current year

a. Carrying amount (1,592,630,109) -
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) 1,592,630,109 -
Deferred tax asset/(liabilites) 159,263,011 -
vii.a) Revaluation reserve on Land

a. Carrying amount 8,994,204,742 8,994,204,742
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) (8,994,204,742) (8,994,204,742)
Applicable tax rate * 4.00% 4.00%
vii.b) Revaluation reserve on Land

a. Carrying amount 4,304,467,512 4,304,467,512
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) (4,304,467,512) (4,304,467,512)
Applicable tax rate * 3.00% 3.00%
259
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
viii) Revaluation reserve on Building

a. Carrying amount 523,700,954 538,248,203
b. Tax base - -
c. (Taxable)/deductible temporary difference (b-a) (523,700,954) (538,248,203)
Total deferred tax assets/(liabilites) 10,969,742,516 11,208,175,703
* As per 53H of Income Tax Ordinance 1984, 17II of Income Tax Rules 1984 and under the clause (b), (c), or (e) or subsection (1) of section 17 of the
Registration Act 1908
9.6.a Year wise Deferred Tax breakdown for last 7 years
Year Amount
2009 2,232,196,835
2010 3,545,392,538
2011 2,796,355,659
2012 4,398,529,766
2013 6,554,559,973
2014 6,961,853,368
2015 8,344,803,824
2016 11,208,175,703
2017 10,969,742,516
Fixed assets, revaluation reserve of land and building, provision for bad and loss loan & advances, death relief grand scheme for
the departed employees and loss of revaluation of shares have been considered during calculation of deferred tax due to having
considerable taxable temporary differences. As per calculation of Deferred Tax Assets balance for the year ended December 31,
2017 has decreased by the amount of Tk. 238,433,187 which charged to profit and loss account.
The carrying amount has been arrived at by estimating temporary differences (based on analysis of prior years’ relevant figures)
on account of bad/loss debts that are likely to be written off in future years out of the year-end total amount of provision for bad
and loss loans and advances Tk. 26,581,336,481.
As per BRPD Circular no. 11 dated 12 December 2011, the above amount of deferred tax originated against specific loan loss
provision and included in the accumulated retained earning is not distributable as dividend.
9.7 Non-banking Assets

The Bank has got the possession of ownership of the mortgage properties according to the judgment of the Honorable Court in
accordance with the section 33(7) of “Artha Rin Adalat-2003”. An amount of Tk. 12,501,960 is reported in the financial statements
as Non-Banking assets.
9.8 Software purchase (Annexure G)
Cost
Balance at the beginning of the year 1,202,855,622 904,738,712
Addition during the year 47,210,369 291,279,880
Disposal / Transfer during the year (71,085) 6,837,030
Less: Accumulated Amortization

Balance at the beginning of the year (22,222,247) (8,437,671)
Charge for the year (120,511,198) (6,947,546)
Disposal / transfer during the year 71,085 (6,837,030)
Balance at the end of the year (142,662,360) (22,222,247)
Net Value 1,107,332,546 1,180,633,375

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
9(a) Consolidated Other Assets

49,668,138,344 50,156,885,966
44,924,335,428 45,413,388,087
10 Borrowing from other banks including financial institutions & agents 13,871,567,614 4,426,571,018
10.1 Classification into the following broad categories:

In Bangladesh 12,420,898,985 2,259,169,065
13,871,567,614 4,426,571,018
10.2 Segregated as:
Secured (Secured by D.P Notes and agreements) 13,839,028,985 2,377,222,365
Unsecured borrowing 32,538,629 2,049,348,653
13,871,567,614 4,426,571,018
10.3 Maturity - wise grouping:
On demand 167,538,629 4,217,401,953
Less than 3 months - -
More than 3 months but less than 1 year 5,200,000,000 -
More than 1 yesr but less than 5 year 1,418,130,000 -
More than 5 years 7,085,898,985 209,169,065
13,871,567,614 4,426,571,018
10.4 Term grouping:
10.4.1 Short Term Borrowing

T.T buy (With Sonali Bank Limited) 135,000,000 -
Borrowings from Local Bank 5,200,000,000 2,050,000,000
Borrowings from Foreign Bank 1,418,130,000 118,053,300
Credit Balance of NOSTRO Account (Annexure-E 1) 32,538,629 2,049,348,653
6,785,668,629 4,217,401,953
10.4.2 Long Term Borrowing
Rural Housing Scheme 264,781 603,425

Borrowing from ADB 112,500 337,500
Borrowing from EGBMP 183,479,184 175,559,219
IFAD Loan -194 4,099,000 2,681,000
Borrowings from B. Bank (Bakna Basur Refinance Fund) 200,000,000 29,818,500
Borrowings from B. Bank (Refinance Fund- Jute) 697,850,000 -
Agrani Bank Shilpa Unnayan Bond 93,520 169,421
1,085,898,985 209,169,065
Agrani Bank 1st Subordinate Bond (Note-10.4.2.i) 6,000,000,000 -
7,085,898,985 209,169,065
Total Borrowing 13,871,567,614 4,426,571,018
261
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
10.4.2.i Agrani Bank 1st Subordinate Bond

Non-Convertible Subordinated Bond.
The Bank with due approval from Bangladesh Bank and BSEC issued a 7-year Non-convertible Fully Redeemable Floating Rate
Subordinated Bond of Tk. 6000.00 million (face value @ Tk 10.00 million) in December 2017 through private placement to enhance
Tier - II capital. The Bond will be redeemed at the end of 3rd, 4th, 5th, 6th and 7th year of maturity at 20% per year. Coupon rate
of the issued bonds is variable with a floating rate between 7.00% and 10.00%. The instrument i.e. the Bond has been rated and
awarded BBB+ by Alpha Credit Rating Limited in the long term with validity upto December 09,2018. Although it’s a recognized
component of Tier - II capital, the outstanding amount of the Bond is shown as a borrowing as per BB guidelines/ instruction.
Following is the list of subscribers to this Bond:
Number Of Bonds Aggregate Principal

Investors Name Amount of the Bond
Purchased Subscribed
Janata Bank Limited 400 4,000,000,000
Investment Corporation of Bangladesh 200 2,000,000,000
Total 600 6,000,000,000
10(a) Consolidated borrowing from other banks, financial institutions and agents
16,092,229,200 7,221,105,873
13,871,567,614 4,426,571,018
11 Deposits and other accounts 530,349,741,838 494,050,051,943
11.1 Deposits and Other Accounts (Category wise)

Current & Other Account (Note - 11.1.1) 120,065,565,376 107,751,562,753
Bills payable (Note - 11.1.2) 5,591,284,631 6,353,439,053
Saving Bank Deposits (Note - 11.1.3) 161,043,260,016 143,023,197,295
Fixed Deposits (Note - 11.1.4) 243,649,631,815 236,921,852,842
530,349,741,838 494,050,051,943
11.1.1 Current & Other account
Current Deposits 39,815,994,197 34,783,746,286
Balance with ATM 1,046,848 1,084,088
Sundry Deposits (Note - 11.1.1.1) 8,533,471,529 8,909,030,981
Special Time Deposits (11.1.1.2) 71,594,213,224 63,629,974,006
Call Deposits 120,839,578 427,727,392
120,065,565,376 107,751,562,753

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
11.1.1.1 Sundry Deposits

General Provident Fund 3,083,404,019 2,794,084,176
Margin on Bills purchased 18,799,852 76,332,851
Margin on Letters of Credit 2,845,837,742 2,906,226,746
Margin on Letters of Guarantee 361,574,083 350,350,466
Miscellaneous Margin 25,662,258 17,717,482
Foreign Currency 250,622,269 248,302,287
Key Deposit 8,418,432 6,621,696
Staff Cash Security 23,341,083 20,532,576
Foreign correspondence charges 2,533,848 1,364,575
F. C Exp. Proceeds 46,062,138 112,471,651
Commission Payable to Govt. 49,932,205 54,904,948
Premium paid XPB 856,976 -
Clearing Adjustment 17,769,539 4,204,020
Self Employment Promotion 163,280 134,975
Teachers Payment 456,536,673 1,350,779,028
Boisko Bhata 10,805,480 6,396,511
FSSAP 353,754,449 187,964,195
Freedom Fighter Allowance 58,735,134 63,666,280
Army Pension 290,653,631 153,325,694
Small Enterprise Development 87,825,469 91,995,382
Rural Finance Programme 5,432,476 1,459,395
Hajj Deposit 60,000 150,500
Others 507,753,417 444,567,827
Clearing Cheque Sent for Collection T24 3,883,163 2,267,804
Debit Card Remote ON-US Transactions 18,709,160 9,752,060
Debit Card Remote ON-US Commission 2,935,372 2,048,445
SEQAEP Pre-paid Card Fees 1,409,381 1,409,411
8,533,471,529 8,909,030,981
11.1.1.2 Special Notice Deposits
Special Notice Deposit -Government Org. 23,820,522,509 19,548,241,551
Special Notice Deposit -Autonomous and Semi Autonomous Organizations 7,915,120,448 7,597,866,962
Special Notice Deposit -Non Financial Pub Enterprise 30,771,181,134 27,320,651,174
Special Notice Deposit -Local Authority 1,136,513,719 931,492,552
Special Notice Deposit -Insurance Co.s & Pension Funds Public 183,067,493 194,400,421
Special Notice Deposit -Public Non-Banking Financial Organizations 516,210,503 729,998,254
Special Notice Deposit -Other Deposit Accepting Public Organizations 299,974,601 332,720,081
Special Notice Deposit -Other Banks 928,630,002 989,139,503
Special Notice Deposit -Individuals and Others 6,022,992,815 5,985,463,508
71,594,213,224 63,629,974,006
263
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
11.1.2 Bills payable

Draft payable 727,325,808 711,779,325
TT's payable 1,509,300 3,041,300
MT's payable 4,350 415,894
Pay slip issued 203,865,140 366,509,417
Pay order issued 3,039,863,936 3,399,174,625
Inland Bill proceeds Awaiting for Remittance 331,019 361,288
Foreign Bill proceeds Awaiting for Remittance 1,407,568,539 1,633,903,742
Overdue DD payable 20,616,806 22,980,827
Upahar cheque sold A/C 194,740 38,933
FRMS 10,000 14,566
Foreign D.D, T.T, & TC payable 189,994,993 215,219,136
5,591,284,631 6,353,439,053
11.1.3 Saving Bank Deposits

Saving Deposit -Government Organizations 1,175,632,210 962,447,078
Saving Deposit -Autonomous and Semi Autonomous Organizations 3,581,944,797 3,244,790,105
Saving Deposit -Non Financial Public Enterprises 334,194,514 362,268,659
Saving Deposit -Local Authority 200,424,737 223,005,842
Saving Deposit -Insurance Co.s & Pension Fund 1,628,600,476 1,384,470,864
Saving Deposit -Public Non-Banking Financial Organizations 19,516,031 39,338,729
Saving Deposit -Other Financial Public Organizations 37,822,978 27,246,218
Saving Deposit -Other Banks 2,296,550 5,819,467
Saving Deposit -Individuals and Others 153,057,244,037 136,033,456,818
Female Secondary School Assistance Project 127,010,041 116,134,719
Saving Deposit -Miscellaneous 269,209,113 256,340,986
Saving Deposit -Foreign Currency 561,801,342 331,647,417
Saving Deposit -Student 47,563,190 36,230,393
161,043,260,016 143,023,197,295
11.1.4 Fixed Deposits
Fixed Deposits (11.1.4.1) 210,471,056,664 207,535,233,855
Deposit Pension Scheme 39,217,698 34,546,823
Agrani Bank Pension Scheme 218,664,632 272,104,504
Month wise Fixed Deposits 1,023,224 952,880
Non Resident Special Deposits 335,159 319,279
Agrani Bank Bishesh Shanchay 27,882,107,539 22,362,195,936
Agrani Bank Monthly Income Scheme 122,430,718 315,720,696
Agrani Bank Monthly Deposit Scheme 1,663,285,731 3,410,724,918
Agrani Bank Double Benefit Scheme 3,202,254,268 2,987,601,584
Agrani Bank Quarterly Income Scheme 22,379,500 399,500
Agrani Bank Double Benefit Scheme (New) 8,550,000 2,000,000
Agrani Bank Millionaire Deposit Scheme 12,078,906 42,840
Agrani Bank Lakhopoti Deposit Scheme 1,689,389 -
Agrani Bank Probashi Deposit Scheme 1,269,818 10,027
Agrani Bank Deposit Scheme for Woman 3,288,569 -
243,649,631,815 236,921,852,842

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
11.1.4.1 Fixed Deposits

Fixed Deposit-Government Organizations 23,181,122,830 26,786,725,354
Fixed Deposit-Autonomous and Semi Autonomous Organizations 35,797,283,116 32,150,192,834
Fixed Deposit- Non Financial Public Enterprises 80,207,444,891 71,591,345,004
Fixed Deposit -Local Authority 1,093,336,179 750,973,877
Fixed Deposit -Insurance Co.s & Pension Funds Public 1,062,384,965 1,133,888,010
Fixed Deposit -Public Non-Banking Financial Organizations 2,437,677,925 1,639,816,794
Fixed Deposit -Other Financial Public Organization 786,824,693 1,728,591,045
Fixed Deposit -Other Banks 5,668,123,039 7,128,090,170
Fixed Deposit -Individuals and Others 60,223,936,609 64,609,896,631
Non-Resident Foreign Currency Deposit (NFCD) 9,685,971 12,417,990
Fixed Deposit -Deceased Account 3,236,446 3,296,146
210,471,056,664 207,535,233,855
11.2 Maturity Grouping of Deposits and Other Accounts
On demand 20,770,285,631 28,664,219,128
Within 1 month 34,565,402,931 71,209,702,158
Within 1 to 3 months 130,893,976,397 135,189,230,215
Within 3 to 12 months 85,898,542,099 84,617,850,126
Within 1 to 5 years 110,233,719,146 127,842,630,158
More than 5 years 147,987,815,634 46,526,420,158
530,349,741,838 494,050,051,943
11.3 Geographical Location - wise Deposits

Dhaka Region 253,612,738,269 255,119,182,453
Khulna Region 37,294,535,475 39,758,493,729
Rajshahi Region 34,064,434,992 31,488,034,075
Barisal Region 15,710,710,008 12,626,558,390
Sylhet Region 21,432,689,999 19,939,905,694
Rangpur Region 18,424,487,768 14,989,635,555
Comilla Region 43,533,159,322 37,180,847,185
Faridpur Region 15,077,077,870 12,878,347,357
530,349,741,838 494,050,051,943
11.4 Sector wise Deposits

Government Organizations (President, PM's Office, Ministry & Judiciary) 54,610,503,959 52,144,555,269
Autonomous & Semi Autonomous Bodies 50,326,993,749 45,602,971,122
Deposit money bank 7,203,121,472 8,786,104,543
Other public sector 127,604,919,576 113,996,270,612
Private sector 290,604,203,082 273,520,150,397
530,349,741,838 494,050,051,943
265
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
11.5 Inter-Bank Deposits

Current Deposits 603,865,512 662,837,094
Savings Deposits 2,296,550 5,819,467
Fixed Deposits 5,668,123,039 7,128,090,170
Special Notice Deposits 928,630,002 989,139,503
Call Deposits 206,369 218,309
7,203,121,472 8,786,104,543
11(a) Consolidated Deposits and other accounts
530,357,939,956 494,056,474,522
Less: Inter-comopany transaction(s) (366,131,322) (457,819,372)
529,991,808,634 493,598,655,150
12 Other Liabilities
Interest suspense (Note - 12.1) 17,059,532,213 13,343,427,150
Provision for expenses (Note - 12.2) 5,101,394,580 6,181,615,459
Provision for Auditors Fee (Note - 12.3) 3,600,000 3,600,000
Sundry creditors 1,380,310,335 2,097,084,130
Tax deducted at source 846,793,535 911,391,476
VAT on services 152,240,967 144,988,864
Excise duty 544,987,884 692,720,252
Levy on interest payment 16,981,861 67,847,571
Levy & Surcharge on interest payment (Bonds) 43,086 439,477
Provision for Taxation (Note - 12.4 & Annexure-F) 15,837,722,120 13,154,922,120
Provision for classified loans & advances (Note - 12.5) 27,501,482,529 30,574,462,405
General provision maintained against UC loan (Note - 12.6) 3,861,656,269 4,951,279,282
General provision for special mention account (Note - 12.7) 72,904,470 68,463,668
3 % General reserve for consumer financing (Note - 12.8) 72,109,787 129,158,117
Provision for off balance sheet exposures (Note - 12.10) 1,233,377,406 839,022,947
Payable to Islamic Banking Unit 217,698 217,698
Provision for investment (Note - 12.11) 3,897,390,171 6,530,823,229
Provision for Other Assets (Note - 12.12) 4,837,046,847 5,435,099,906
Provision for Incentive Bonus (Note - 12.13) 1,525,796,705 1,209,681,750
Employees superannuation fund (Note - 12.14) 280,000,000 500,000,000
Employees gratuity fund (Note - 12.15) 8,486 8,486
Death relief grant scheme (Note - 12.16) 30,273,771 61,698,771
Employees Benevolent Fund (Note - 12.17) 24,981,238 24,783,715
Reserve for unforeseen losses 7,278,112 7,278,112
Duty Draw back Imprest Fund 4,501 1,572
Doctors self employment program 1,600,000 1,600,000
Collection accounts 7,656,504 6,573,075
Cash incentive to exporters 24,995,652 11,605,152
SPL account OPEC fund - 70,508,242

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
SPL account MEDU fund 384,711,474 405,434,852

Export Development Fund 170,322,645 173,497,852
Govt. bond for land mortgage loan 840,897 840,897
Special block account 189 191
SPL block account (DD,TT, MT & PO) 9,730,948 9,730,948
Unclaimed deposit 10 years & above (Note - 12.17) - 1,663,149
Service charge on CIB report 1,638,725 3,060,475
Provision for balance of bilateral trade 2 2
Customer Fund Adjustment Account 99,024,806 100,105,970
Vostro Account 35,385,711 33,692,942
SIDR 389,114 389,114
ADIP Project Fund 20,267,852 20,622,981
Refinance Jute Fund - 714,000,000
Reserve Fund for Rebate 5,465,905 9,330,347
Provision for arear of staff salary 4,485 4,485
Interest waived on staff house building loan 8,712,476 1,324,855
Interest rebate on good borrowers 20,000,000 20,000,000
Branch Adjustment (Note- 9.4) 3,887,347,327 -
88,966,229,283 88,514,001,686
12.1 Interest Suspense Account:

Add: Transferred during the year 7,391,778,719 4,936,073,341
Less: Transferred to Income during the year (3,137,227,499) (1,141,738,943)
Less: Amount waived/ written off during the year (538,446,157) (195,733,635)
12.2 Provision for expenses:

Provision for Interest on Savings 91,400 67,662
Provision for Interest on DPS 9,883,417 9,995,928
Provision for Interest on STD 29,255 37,710
Provision for Interest on FDR 3,149,112,477 4,049,361,052
Provision for Interest on ABPS 9,506,577 24,739,459
Provision for Interest on Borrowings 59,510,007 23,901,139
Provision for ABS 1,145,015,865 885,257,881
Un-disbursed Salary and Other staff benefit 1,744,178 1,514,278
Unearned discount - 272,756,226
Provision for other expenses 105,444,982 218,526,334
Provision for Interest on ABMIS 4,580,646 7,235,521
Provision for Interest on ABMDS 183,691,987 279,732,331
Provision for Interest on ABDBS 427,293,384 408,271,638
Provision for Interest on Bakna Basur Refinance Fund 4,688,478 218,300
Provision for Interest on Agrani Bank Quarterly Income Scheme 188,275 -
Provision for Interest on Agrani Bank Double Benefit Scheme (New) 423,885 -
Provision for Interest on Agrani Bank Millionaire Deposit Scheme 159,574 -
Provision for Interest on Agrani Bank Lakhopoti Deposit Scheme 30,175 -
Provision for Interest on Agrani Bank Deposit Scheme for Woman 18 -
267
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12.3 Provision for Auditors Fee

Balance at the beginning of the year 3,600,000 3,600,000
Less: Paid during the year (3,600,000) (3,600,000)
Add: Provision made during the year 3,600,000 3,600,000
Balance at the end of the year 3,600,000 3,600,000
12.4 Provision for taxation:

Add: Transferred to Provision for Income Tax during the year 2,682,800,000 2,322,989,078
Income tax assessment for last few years are pending with various stages of income tax appeal process. Income Tax assessment
has been finalized up to 2004 (except 2002) and reference cases are pending for the years 2002, 2005, 2006, 2008, 2009, 2010, 2011,
2012. Appeal is pending for the year 2013 & 2014. The returns have been submitted for the years 2015 & 2016. The bank has kept a
provision of Tk. 268.28 crore for the year 2017 as per Income Tax Ordinance 1984.
12.5 Provision for Classified loans and advances:

Add: Recoveries of amount previously written off 902,969,108 652,630,896
Add: Specific provision for the year - 7,739,815,972
Less: Provision Add back during the year (3,899,757,179) -
Less: Written off/ waived (76,191,805) (263,209,038)
Provision held at the end of the year 27,501,482,529 30,574,462,405
Initially the Bank kept provision amounting to Tk. 2,375.17 Crore and Tk. 0 against classified loans and advances and re-scheduled
loans respectively. However, as per Bangladesh Bank and External Auditor the Bank is supposed to keep provision amounting
to Tk. 3,173.42 crore and Tk. 152.52 crore against classified loans and advances and re-scheduled loans respectively. Through
letter # MD:PM:01:84/48 dated 15 April 2018, the Bank requested Bangladesh Bank to grant approval to keep provision amounting
to Tk. 2,375.17 crore instead of Tk. 3,325.94 crore (Tk. 3,173.42 crore and Tk. 152.52 crore against classified loans and advances
and re-scheduled loans respectively). In response to Bank’s request, Bangladesh Bank has allowed the Bank through letter #
BRPD(P-1)/661/13/2018-2640 dated 18 April 2018 to keep the required provision amounting to Tk. 2,375.17 crore against classified
loans and advances and re-scheduled loans in this year and to keep provision for the remaining amount in the next 03 (three)
years from 2018 to 2020 at equal amount each year. Moreover, Bangladesh Bank has also granted approval for not adjusting the
above exempted provision deficiency while calculating the Minimum Capital Requirement (MCR) of the Bank for 2017.
The above basis has been followed by the Bank for recognizing and measuring provision for classified loans and advances,
unclassified loans and advances and also for calculating regulatory capital amounts.
12.6 General Provision maintained against UC loans:

Add: Provision made during the year - 1,167,661,857
Less: Provision add back for the year (1,089,623,013) (718,932,110)
Provision held at the end of the year 3,861,656,269 4,951,279,282

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
The Bank has shown some loans and advances as unclassified by dint of stay order of the Honorable High Court. But the actual
position of those loans and advances is classified on the basis of objective criteria and qualitative judgment as per BRPD circular of
Bangladesh Bank regarding provision of classification of loans and advances. The Bank has maintained 1% provision against those
unclassified loans and advances. Moreover, as per Bangladesh Bank letter no-DBI-2/7005-1748 dated 26 April 2016 for the year 2015
Bank has maintained additional required provision of those loans and advances. The Bank has also maintained 60% and 20% for
the year 2016 & 2017 respectively of required provision against such loans and advances as per approval of Bangladesh Bank vide
letter no BRPD(P-1)/661/13/2017-2348 dated 30-01-2017 and letter no BRPD(P-1)/661/13/2018-978 dated 30-01-2018 respectively.

12.7 General Provision for SMA Loans

Add: Provision made during the year 4,440,802 23,310,749
Less: Provision add back for the year - (46,172,971)
Provision held at the end of the year 72,904,470 68,463,668
12.8 3% General reserve for consumer financing:

Reserve held at the beginning of the year 129,158,117 174,997,175
Add: Additional reserve for the year - -
Less: Provision add back for the year (57,048,330) (45,839,058)
Reserve held at the end of the year 72,109,787 129,158,117
12.9 Provision for Loans & Advances: Agrani Bank Limited

A) General provision
i) Standard (including staff Loan) * 3,861,656,269 4,951,279,282
ii) Special Mention Accounts ( SMA) 72,904,470 68,463,668
Sub total (A) 3,934,560,739 5,019,742,950
B) Specific provision
i) Substandard 423,000,904 785,549,770
ii) Doubtful 497,145,144 2,432,492,193
iii) Bad/Loss 26,581,336,481 27,356,420,442
Sub total (B) (Note No 12.5 & 12.5.i) 27,501,482,529 30,574,462,405
Grand Total 31,436,043,268 35,594,205,355
* General provision is kept @ 1% on general loans and advances and 1% on house finance & loan for professionals under consumer
financing and 3% on consumer financing.
12.9.a Provision for Loans & Advances: Agrani SME Financing Com. Ltd.
A) General provision
i) Standard (including staff Loan) 2,428,108 1,719,471
ii) Special Mention Accounts ( SMA) 2,547,600 2,236,030
Sub total (A) 4,975,708 3,955,501
B) Specific provision
i) Substandard 2,421,800 2,181,722
ii) Doubtful 2,647,500 3,250,941
iii) Bad/Loss 23,527,344 46,449,086
Sub total (B) 28,596,644 51,881,749
Grand Total 33,572,352 55,837,250
269
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12.10 Provision for off balance sheet exposure:

Add: Provision made during the Year 394,354,459 37,988,561
Less: Provision add back during the Year - (99,653,764)
Balance at the end of the year 1,233,377,406 839,022,947
12.11 Provision for diminution in the value of Investment:

Add: Provision made during the Year - 1,256,107,205
Less: Debit during the Year (1,921,261,357) -
Less: Provision add back during the Year (712,171,701) (325,076,771)
12.12 Provision for Other Assets:

Protested bill (Note - 12.12.d) 72,631,505 57,897,924
Sundry Debtors Staff & Others 64,206,604 61,619,549
Clearing Adjustment 1,449,669 704,443
Suspense Accounts Army Pension Paid 1,141,819,710 1,234,652,488
Suspense Accounts Civil Pension Paid 13,981,210 23,136,572
Legal Charges 68,508 82,493
CBL Pak A/c 2 2
Receivable from Agrani SME Financing Company 55,673,000 55,673,000
Accrued Income 29,296,844 26,384,277
Stationary & Stamp 15,547,105 8,415,776
Advance Deposit & Pre-payment 37,718,565 47,528,418
Foreign CD Paid 910,869 910,869
Wage Earner Bond 25,632,202 100,000
BCCI Bank-London (Note - 12.12.e) 1 12,776,658
Balance with Al-Rajhi Foreign Exchange (Note - 12.12.c) 1 347,892,609
Libian Currency (Note - 12.12.b) - 100,000,000
Fixed Assets 21,913,328 21,913,328
Branch Adjustment (Note - 12.12.f) 1,129,184,000 1,205,884,000
Agri credit exemption on river erosion (Note - 12.12.a) - 1,176,472
Exempted Loans & Interest on Exempted Loans (Note - 12.12.g) 253,850,402 259,952,949
Provision for DD Paid without Advice 24,193,460 19,428,217
Dividend receiveable from Preference Share 1,948,969,862 1,948,969,862
4,837,046,847 5,435,099,906
As per BRPD circular no 14 dated June 25, 2001 of Bangladesh Bank, the Bank has maintained a provision of Tk. 483.70 crore for
the year 2017 against other assets that are outstanding for more than one year.
12.12.a In the year 2001 Tk. 1.00 crore had been made provision to adjust agri credit exemption on river erosion. An amount of Tk.
1,176,472 of that provision was unused from 2005 which has been transffered to Retained Earnings as per the decision of the
competent authority.

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12.12.b Cash and Cash Equivalent at the year-end 2016 included Libyan Currency (2,612,023) equivalent to BDT 147,579,300 which was
purchased by Agrani Bank Limited before the Libyan civil war also referred as to Libyan revolution of 17th February in 2011. After
that war those Libyan currencies were obsolete and Tk. 100,000,000 had been made provision against those Libyan Currency. After
getting reimbursement from Bangladesh Bank the provision has now been adjusted in the year 2017.
12.12.c Debit balance of BDT 347,892,609 (equivalent to USD 6.04 million) with Al Rajhi Foreign Exchange was outstanding since long
against which 100% provision had been made. As there was no possibility to recover the outstanding balance, the amount has
been written-off as per the decision of 539th board meeting of board of directors held on 24-12-2017.
12.12.d Provision for protested bills

Debited during the Year (2,267,769) -
Addition during the Year 17,001,350 4,856,257
Protested Bills arises due to accidental loss of fraud, robbery, theft etc.
12.12.e Provision for balance with BCCI Bank- London

Provision made during the year 843,887 (1,006,441)
Written-off during the year (13,620,544) -
Balance at the end of the year 1 12,776,658
The amount of Tk. 13,620,545 was outstanding with BCCI Bank-London since long against which 100% provision was made.As
there was no possibility to recover the outstanding balance due to liquidation of the company, the amount has been written-off as
per the decision of 539th board meeting of board of directors held on 24-12-2017.
12.12.f Provision for Branch Adjustment

Provision add back (76,700,000) -
Provision made during the year - 500,000,000
“Other Liabilities” include a net credit balance of Tk 2,887,347,327 as Branch Adjustment (such amount at 31 December 2016 was
net debit balance of Tk 2,891,247,319). While the full reconciliation process in underway, the Bank has made provision for Tk.
112.92 crore.
12.12.g Provision for Exempted Loans & Interest on Exempted Loans

Amount debited during the Year (112,070,751) (1,115,452)
Amount Credited during the Year - 491,000
Provision made during the year 105,968,204 -
271
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12.13 Incentive Bonus:

Amount paid during the Year (1,045,919,663) (726,956,719)
Amount Credited during the Year 2,034,618 290,545
Provision for the Year 1,360,000,000 1,070,000,000
12.14 Employees Superannuation Fund

Balance at the beginning of the year 500,000,000 23,612
Amount credited during the year 1,431,261,790 1,296,610,994
Provision made during the year 1,260,000,000 500,000,000
Amount Transffered to SAF's SB A/C (2,911,261,790) (1,296,634,606)
12.14.i According to the last final actuarial report, there was a fund deficit of Tk.690 crore in the Employees Superannuation Fund (SAF) as
at 31 December 2012. There was also a recommendation in the said actuarial report to contribute 45% of the basic salary of the
employees each year to cover the Fund deficit over the period of next 10 (ten) years. In the meantime, the Bank has contributed @
30% in 2013, @ 50% in the years from 2014 to 2016 and kept a provision of Tk. 50.00 crore during the year 2016.
Consequent upon time to time increase in the salary structure having monetary effect on retirement benefit, in 2017 the Bank has
taken a decision to contribute @ 75 % of the basic salary of the concerned employees and to keep provision of Tk 126.00 crore
each year to cope with fund deficit. In line with the decision, the bank has contributed @ 50% during 1st half of the year 2017 and
@ 75% during 2nd half of the year 2017 and made a provision of Tk.126.00 crore during the year 2017.
Nevertheless, the actuarial valuation has again been done in the year 2017 and as per the first draft actuarial report, there was a
deficit of Tk.2,994.91 crore against the SAF as on 30 September 2016. As there are some material queries outstanding, the actuarial
valuation report is yet to be finalized, and a further review of the report is underway. Meanwhile, the Bank received 2nd draft on 18
April 2018 and as per the report the deficit stood at Tk. 2,439.00 crore against the Employees Superannuation Fund (SAF) as on 31
March 2018. The draft report recommends deficit repair contributions to be Tk. 619 Crore per annum, Tk. 372 Crore, Tk. 294 Crore
per annum and Tk. 258 Crore per annum, for 5-year repair period, 10-year repair period, 15-year repair period and 20-year repair
period respectively. The Bank management is now reviewing the report, and would take further decision upon receiving the final
actuarial valuation report on SAF.
Meantime the management has recognized and measured the provision for Employees’ Superannuation Fund, keeping in
consideration the last final acturial report on SAF addressing the deficit as on 31 December 2012 and increasing significantly the
required yearly contributions further.
12.15 Employees Gratuity Fund

Balance at the beginning of the year 8,486 -
Amount credited during the year 339,299,512 303,707,947
Amount Transferred to Gratuity's SB A/C (339,299,512) (303,699,461)
Balance at the end of the year 8,486 8,486
12.16 Death relief grant scheme:

Provision made during the year 12,500,000 12,500,000
Amount paid/adjusted during the year (43,925,000) (16,700,000)

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12.17 Employees Benevolent Fund

Provision made during the year 20,000,000 20,000,000
Amount paid/adjusted during the year (19,802,477) (98,625,952)
12.18 As per section 35 of the Bank Companies Act 1991, unclaimed deposit amount of Tk. 1,663,149 has been transferred to
Bangladesh bank on completion of the formalities mentioned in this section.
12(a) Consolidated other liabilities

91,317,923,809 90,537,080,320
91,193,554,244 90,413,015,792
13 Share Capital:
13.1 Authorized Capital:

The authorized capital of the Bank is Tk.2,500.00 crore divided into 250,000,000 ordinary shares of Tk.100.00 each.
13.2 Issued, subscribed and fully paid up capital : 20,722,940,400 20,722,940,400
The paid up capital of the Bank was Tk. 9,912,940,400 divided into 99,129,404 ordinary shares @ Tk. 100.00 up to 29
December 2013. On 26 December 2013, Bank & Financial Institutions Division, Ministry of Finance has issued a letter #
53.013.002.00.00.80.2013 giving the permission to raise paid up capital by Tk. 10,810,000,000 to reduce capital shortage of
the Bank. Subsequently, the Board of Directors in it’s 353rd board meeting held on 30 December 2013 approved the matter
and increased the paid up capital to Tk. 20,722,940,400 by issuing 108,100,000 right shares to the Government of the People’s
Republic of Bangladesh represented by Secretary, Finance Division, Ministry of Finance of the Government of the People’s
Republic of Bangladesh. Therefore, the total number of ordinary shares reached to 207,229,404 shares.
13.3 Earnings Per Share:

Earnings per share (EPS) have been computed by dividing the profit after tax by the weighted average number of ordinary shares as
on 31 December 2017.
13.3.1 Weighted average number of shares:

Number of shares before bonus share and right share issued 207,229,404 207,229,404
Issue of bonus share & right share - -
Weighted average number of shares 207,229,404 207,229,404
13.3.2 Basic Earnings Per Share:

Profit attributable to the shareholders of ABL for the year (A) 6,759,290,210 (6,970,106,854)
Weighted average number of ordinary shares outstanding (B) 207,229,404 207,229,404
Earnings per share (A/B) 32.62 (33.63)
273
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
13.3(a) Consolidated Earnings Per Share:

Profit attributable to the shareholders of ABL & its subsidiaries for the year (A) 6,939,850,369 (6,911,485,824)
Weighted average number of ordinary shares outstanding (B) 207,229,404 207,229,404
Earnings per share (A/B) 33.49 (33.35)
13.4 Solo basis Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-III):
A. Regulatory Capital: Amount in Crore

1. Tier-1 Capital (Going concern capital) 2,066.34 1,691.57
2 .Tier-2 Capital (Gone concern capital) 1,381.92 985.67
3. Total Regulatory Capital (1+2): 3,448.26 2,677.24
B. Total Risk Weighted Assets (RWA): 33,678.81 26,699.50
C. Capital to Risk Weighted Assets Ratio (CRAR) (A3 / B) X 100 10.24% 10.03%
D. Tier-1 Capital to RWA (A1 / B) X 100 6.14% 6.34%
E. Tier-2 Capital to RWA (A2 / B) X 100 4.10% 3.69%
F. Minimum Capital Requirement (10% of RWA) 3,367.88 2,669.95
G. Capital Surplus / (Shortfall) 80.38 7.29
2017 2016
Capital Requirements (Solo)
Required Held Required Held
Tier-1 6.00% 6.14% 5.50% 6.34%
Tier-2 4.00% 4.10% 4.50% 3.69%
Total 10.00% 10.24% 10.00% 10.03%
13.4(a) Consolidated Minimum Capital Requirement (MCR) under Risk Based Capital (Basel-III):
1. Tier-1 Capital (Going concern capital)

2 .Tier-2 Capital (Gone concern capital) 2,081.47 1,690.03
3. Total Regulatory Capital (1+2): 1,381.94 985.67
B. Total Risk Weighted Assets (RWA): 3,463.41 2,675.70
C. Capital to Risk Weighted Assets Ratio (CRAR) (A3 / B) X 100 34,164.00 27,044.97
D. Tier-1 Capital to RWA (A1 / B) X 100 10.14% 9.89%
E. Tier-2 Capital to RWA (A2 / B) X 100 6.09% 6.25%
F. Minimum Capital Requirement (10% of RWA) 4.05% 3.64%
G. Capital Surplus / (Shortfall) 3,416.40 2,704.50
G. Capital Surplus / (Shortfall) 47.01 (28.80)
2017 2016
Capital Requirements (Conso.)
Required Held Required Held
Tier-1 6.00% 6.09% 5.50% 6.25%
Tier-2 4.00% 4.05% 4.50% 3.64%
Total 10.00% 10.14% 10.00% 9.89%

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
13.5 Solo basis Regulatory Capital:

Tier-1 Capital Amount in Crore
Fully Paid-up Capital / Capital lien with BB 2,072.29 2,072.29
Statutory Reserve 779.55 585.94
Retained Earnings (103.21) (586.96)
Benefit from Deferred Tax Assets 32.91 16.81
Sub-Total: 2,835.25 2,145.88
Deductions from Tier-1 Capital

Goodwill and all other intangible assets 110.73 118.06
Shortfall in provisions required against classified loans - -
Deferred Tax Assets 658.18 336.25
Sub Total 768.91 454.31
Total Regulatory Tier-1 Capital 2,066.34 1,691.57
Tier-2 Capital
General Provision (UC + SMA + Off B/S exposure+ Consumer Finance) 524.00 598.80
Subordinated debt/instruments issued by the Bank meeting BB criteria 600.00 -
Revaluation Reserve (50% of Fixed Assets and Securities & 10% of Equities) 644.79 644.79
Sub Total 1,768.79 1,243.59

Revaluation Reserve for Fixed Assets, Securities and Equity Securites 386.87 257.92
Total Regulatory Tier-2 Capital 1,381.92 985.67
Total Regulatory Capital (Tier-1 + Tier-2) 3,448.26 2,677.24
In response to Bank request, Bangladesh Bank allowed the Bank vide letter no-BRPD(BFIS)/661/14B(P)/2016-6947
dated 20/10/2016 not to deduct intangible asset (goodwill/valuation adjustment) from tier-1 capital and vide letter no-
BRPD(P-1)/661/13/2017-2348 dated 20 April 2017 to deduct deferred tax assets 30% in 2016, 60% in 2017 and 90% in 2018 to
calculate Tier-1 Capital. The Bank has complied with the above permission.
13.5(a) Consolidated Regulatory Capital:
Tier-1 Capital
Fully Paid-up Capital / Capital lien with BB 2,072.29 2,072.29
Statutory Reserve 783.45 589.70
Retained Earnings (97.45) (597.63)
Benefit from Deferred Tax Assets 32.91 16.81
Sub-Total: 2,850.38 2,144.34

Goodwill and all other intangible assets 110.73 118.06
Shortfall in provisions required against classified loans - -
Deferred Tax Assets 658.18 336.25
Sub Total 768.91 454.31
Total Regulatory Tier-1 Capital 2,081.47 1,690.03
275
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Tier-2 Capital Amount in Crore

General Provision (UC + SMA + Off B/S exposure+ Consumer Finance) 524.02 598.80
Subordinated debt/instruments issued by the Bank meeting BB criteria 600.00 -
Revaluation Reserve (50% of Fixed Assets and Securities & 10% of Equities) 644.79 644.79
Sub Total 1,768.81 1,243.59
Revaluation Reserve for Fixed Assets, Securities and Equity Securites 386.87 257.92
Total Regulatory Tier-2 Capital 1,381.94 985.67
Total Regulatory Capital: 3,463.41 2,675.70
13.6 Risk Weighted Assets (RWA):

Risk Weighted Assets (RWA) for
A. Credit Risk
On - Balance sheet 27,068.16 20,569.62
Off - Balance sheet 1,417.92 527.77
28,486.08 21,097.39
B. Market Risk 1,510.93 2,268.31
C. Operational Risk 3,681.80 3,333.80
Total: RWA (A+B+C) 33,678.81 26,699.50
13.6(a) Consolidated Risk Weighted Assets (RWA):

Risk Weighted Assets (RWA) for
A. Credit Risk Amount in Crore
On - Balance sheet 26,546.12 19,943.66
Off - Balance sheet 1,417.97 527.78
27,964.09 20,471.44
B. Market Risk 2,426.01 3,151.33
C. Operational Risk 3,773.90 3,422.20
Total: RWA (A+B+C) 34,164.00 27,044.97
14 Statutory Reserve
Transferred during the year 1,936,104,679 -
Closing balance 7,795,486,660 5,859,381,981
This has been made in accordance with Section 24 of the Bank Companies Act, 1991 and shall be maintained until it equals to the
Paid-up Capital.
14(a) Consolidated Statutory Reserve
Agrani Bank Limited 7,795,486,660 5,859,381,981.00
Total 7,834,464,973 5,894,026,005.00
15 General Reserve
Transferred from other liabilities - 20,000,000
Transferred to Risk Fund - (40,000,000)
Transferred during the year 77,005 20,470,746
Closing balance 537,060,150 536,983,145

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
15(a) Consolidated General Reserve

Agrani Bank Limited 537,060,150 536,983,145
Total 591,791,414 591,714,409
15.1 Risk Fund

Transferred during the year 20,000,000 20,000,000
Total 60,000,000 40,000,000
15.1(a) Consolidated Risk Fund

Total 60,000,000 40,000,000
16 Asset Revaluation Reserve

Less: Transfer to retained earnings (14,547,249) (63,676,518)
10,992,091,716 11,006,638,965
16(a) Consolidated asset revaluation reserve

10,992,091,716 11,006,638,965
17 Revaluation & Amortization Reserve
Add: Surplus of Amortization of Securities (HTM) 37,339,485 49,049,899
Add: Revaluation reserve on investment in Govt. Securities (HFT) 3,171,427,341 1,970,402,337
Less: Surplus of Amortization of Securities (HTM) (159,356,291) (389,541,016)
Less: Revaluation reserve on investment in Govt. Securities (HFT) (5,670,838,005) (2,902,511,061)
Closing Balance 1,659,102,598 4,280,530,068
277
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
17(a) Consolidated revaluation and amortization

1,659,102,598 4,280,530,068
18 Retained earnings brought forward from previous year
Opening Balance (5,869,630,344) 933,575,109
Less: Prior Year Adjustment (203,847) (448,871,100)
Add: Transfer from loan & other provision - 552,095,983
Add: Transfer from asset revaluation reserve 14,547,249 63,676,518
Less: Cash Dividend paid to Govt. - -
(5,855,286,942) 1,100,476,510
18.1 Retained surplus
Opening Balance (5,869,630,344) 933,575,109
Less: Prior Year Adjustment (203,847) (448,871,100)
Add: Net profit after tax during the year 6,759,290,210 (6,970,106,854)
Less: Transfer to Statutory Reserve (1,936,104,679) -
Less: Cash Dividend paid to Govt. - -
(1,032,101,411) (5,869,630,344)
18.(a).1 Consolidated Retained earnings brought forward from previous year

Retained surplus (Opening Balance) (5,988,291,734) 757,972,390
Less: Prior year adjustment for Agrani Bank Limited (203,847) (448,871,100)
Add: Prior year adjustment for Agrani Equity & Investment Limited - 257,644
Add: Foreign currency translation gain/(loss) 21,586,879 5,289,189
Less: Minority interest (101) (60)
Less: Foreign currency translation reserve (21,586,879) (5,289,189)
(5,973,948,433) 925,131,375
18.(a).2 Consolidated Retained surplus
Retained surplus (Opening Balance) (5,988,291,734) 757,972,390
Less: Prior year adjustment for Agrani Bank Limited (203,847) (448,871,100)
Add: Prior year adjustment for Agrani Equity & Investment Limited - 257,644
Add: Foreign currency translation gain/(loss) 21,586,879 5,289,189
Add: Net profit/ (loss) after tax during the year 6,939,850,369 (6,911,485,824)
Less: Statutory reserve (1,940,438,968) (1,937,285)
Less: Minority interest (101) (60)
Less: Foreign currency translation reserve (21,586,879) (5,289,189)
(974,537,032) (5,988,291,734)

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
18.(a).3 Consolidated Retained Surplus

Agrani Bank Limited (1,032,101,411) (5,869,630,344)
Agrani Equity & Investment Limited (550,832,881) (737,686,061)
Agrani Exchange House Private Limited Singapore 88,770,201 104,040,836
Agrani Remittance House SDN. BHD. Malaysia 30,315,976 40,997,396
Agrani Remittance House Canada Inc. (22,059,502) (20,048,722)
Agrani Exchange Company (Australia) Pty. Limited (38,274,720) (38,274,720)
(970,503,097) (5,984,259,531)
Less: Minority Interest 101 60
Less: Foreign Currency Translation Reserve (4,034,036) (4,032,263)
(974,537,032) (5,988,291,734)
19 Consolidated Foreign Currency Translation Reserve

Opening Balance 13,282,939 18,572,128
Foreign Currency Translation Gain/(Loss) 21,586,879 (5,289,189)
Closing Balance 34,869,818 13,282,939
20 Minority Interest
Capital of Agrani Equity & Investment Limited 2,000 2,000
Capital of Agrani SME Financing Limited 720 720
Statutory reserve 47 45
General reserve 66 66
Retained earnings 388 289
3,221 3,120
21 Acceptances and endorsements

Letters of Guarantee (Note - 21.1) 7,557,677,293 6,324,204,340
Letters of Credit (Note - 21.2) 72,045,800,727 36,516,961,325
Bills for Collection (Note - 21.3) 21,876,462,987 19,351,646,467
Other Contingent Liabilities (Note - 21.4) 6,121,467,531 5,929,107,531
Claims against the bank not acknowledged as debt 15,736,332,000 15,780,375,000
123,337,740,538 83,902,294,663
21.1 Letters of Guarantee
Directors - -
Government 318,169,946 325,741,381
Banks and other financial institutions 519,220,760 494,663,579
Foreign Banks against government counter guarantee 998,384,512 1,322,953,672
Others 5,721,902,075 4,180,845,708
7,557,677,293 6,324,204,340
21.1(a) Consolidated Letters of Guarantee

7,557,677,293 6,324,204,340
279
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
21.2 Letters of Credit

Government 31,700,685,703 15,140,642,361
Others 40,345,115,024 21,376,318,964
72,045,800,727 36,516,961,325
21.2(a) Consolidated Letters of Credit

72,045,800,727 36,516,961,325
21.3 Bills for collection:

Payable in Bangladesh 373,933,600 376,012,326
Payable outside Bangladesh 21,502,529,387 18,975,634,141
21,876,462,987 19,351,646,467
21.3(a) Consolidated Bills for collection:
21,876,462,987 19,351,646,467
21.4 Other Contingent Liabilities:

Inland Travelers Cheque 43,897,000 43,897,000
Upahar Cheque 2,487,100 2,487,100
Shanchay Patra 5,362,183,431 5,169,823,431
Agrani Bank Shilpa Unnayan Bond 712,900,000 712,900,000
6,121,467,531 5,929,107,531
Liability will be created for the Bank by the sales amount of Inland Travelers Cheque, Upahar Cheque, Shanchay Patra and Agrani
Bank Shilpa Unnayan Bond. As such saleable price of present stock of such instruments have been considered as contingent
liabilities.
21.4(a) Consolidated Other Contingent Liabilities:

6,121,467,531 5,929,107,531

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
21.5 Geographical Location - wise Contingent Liabilities:

Dhaka Region 94,295,346,691 69,863,853,744
Khulna Region 1,284,236,269 1,902,455,898
Rajshahi Region 1,676,454,500 1,256,425,201
Barisal Region 146,251,864 233,442,358
Sylhet Region 4,342,567,351 230,899,561
Rangpur Region 15,723,021,787 642,816,450
Mymensingh Region 45,055,076 80,201,864
Comilla Region 265,422,250 191,637,065
Faridpur Region 74,606,445 104,979,145
123,337,740,538 83,902,294,663
22 Consolidated Contingent Liabilities

123,337,740,538 83,902,294,663
23 Interest Income
a. Interest on Loans and Advances:
Interest on Rural Credit 1,109,404,070 906,899,819
Interest on Weavers Credit 711,954 253,109
Interest on Industrial Credit 5,104,503,224 5,963,037,394
Interest on Jute Advance 808,115,686 963,277,322
Interest on Leather Credit 377,208,767 330,628,319
Interest on Staff Loans 1,390,981,816 1,229,638,677
Interest on Loan-Others 3,763,181,993 3,408,932,321
Interest on Small and Micro Credit 3,982,212,292 3,838,731,563
Interest on Overdrafts 243,039,779 221,366,627
Interest on Cash Credit 2,231,650,830 2,679,760,697
Interest on Packing Credit 130,546,211 131,649,245
Interest on Loan against Impo. Merchandise 12,394,608 24,157,448
Interest on Payment Against Document 104,711,593 97,182,862
Interest on Foreign Bills Purchased 52,392,087 50,264,572
Interest on Inland Bills Purchased 24,234,114 6,107,555
Sub-total 19,335,289,024 19,851,887,530
b. Interest on Balance with other Banks and Financial Institution:
Interest on call loans to Banks 272,792,789 142,820,008
Interest received from local banks 2,922,217,376 1,450,696,831
Interest received from foreign banks 243,154 781,022
Sub-total 3,195,253,319 1,594,297,861
c. Income From Write off Loan - -
Total (a+b+c) 22,530,542,343 21,446,185,391
281
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
23.1 Geographical Location - wise Interest income:

Dhaka Region 14,186,385,575 14,388,226,131
Khulna Region 1,740,629,538 1,315,118,707
Rajshahi Region 1,410,310,687 894,319,018
Barisal Region 509,755,725 583,098,780
Sylhet Region 358,513,955 341,137,659
Rangpur Region 1,023,350,273 850,362,417
Mymensingh Region 1,064,898,569 799,305,521
Comilla Region 622,233,846 711,348,263
Faridpur Region 556,943,670 558,857,902
22,530,542,343 21,446,185,391
23(a) Consolidated Interest Income
Agrani Exchange House Private Limited, Singapore 185,401 -
22,691,244,671 21,585,003,600
22,541,140,172 21,435,674,963
24 Interest paid on deposits & borrowings
a. Interest paid on Deposits
Savings Deposits 3,013,590,253 2,691,363,419
Special Time Deposits 1,835,321,826 1,700,847,350
Fixed Deposits 10,467,904,037 13,441,524,998
Deposit Pension Scheme 1,744,652 (254,070)
Interest on staff provident fund 344,570,914 308,309,171
Interest on Cash Security - 6,991
Interest paid on NFCD 2,676,452 870,776
Interest paid on ABPS 15,081,933 18,794,148
Interest on month-wise fixed deposits 132,688 2,553,843
Interest on ABS 1,474,355,370 1,320,731,915
Interest on MDS 2,138,185 321,219,563
Interest on MIS 314,807,959 175,639,033
Interest on ADBS 350,200,668 353,832,732
Interest on Quarter Income Scheme 688,275 -
Interest on Double Income Scheme 315,681 -
Interest on Millionaire Income Scheme 177,844 -
Interest on Lakhpoti Income Scheme 34,392 -
Interest on Probashi Income Scheme 6,093 -
Interest on Deposit Scheme for women 4,617 -
Sub Total 17,823,751,839 20,335,439,869

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
b. Interest paid to Banks

Foreign Banks 104,307,697 173,263,464
Bangladesh Bank 170,177,787 64,828,771
Sonali Bank - 560
Other Banks 1,588,303 3,850,041
Sub Total 276,073,787 241,942,836
c. Interest paid on Borrowings
Call Borrowings 163,194 2,133,750
Agrani Bank Shilpa Unnayan Bond 27,497 34,652
Discount on T.T sold 4,426,619 4,537,828
Bangladesh Bank 40,205,000 -
Other Borrowings 38,569,006 35,508,752
Sub Total 83,391,316 42,214,982
Total (a+b+c) 18,183,216,942 20,619,597,687
24(a) Consolidated Interest paid on deposits & borrowings

18,183,216,942 20,619,597,687
18,033,112,443 20,470,269,050
25 Investment income
Interest on Debenture - 13,322,138
Dividend on Shares 821,040,559 1,174,678,123
Discount on 2, 5, 10,15 & 20 years Govt. Bond 272,882,866 16,370,672
Interest on 2,5,10,15 & 20 years govt. treasury bond 4,558,018,759 5,100,899,825
Interest on 25 years govt. jute bond 4,882,671 8,043,261
Discount on Bangladesh bills & treasury bills 3,543,361,360 4,235,754,284
Govt. Treasury Bond (BPC) 1,465,096,547 1,771,226,685
Govt. Treasury Bond (BJMC) 255,638,466 296,290,794
Prime Bank Bond 1,270,401 11,234,668
Mutual Trust Bank Bond 13,793,972 24,388,354
National Bank Bond 8,909,750 11,775,323
BRAC Bank Subordinated Bond 87,634,315 91,677,329
United Commercial Bank Subordinated Bond 34,500,000 34,306,849
One Bank Subordinated Bond 47,802,740 59,720,548
AB Bank Subordinated Bond 51,202,738 55,150,685
South East Bank Subordinated Bond 55,818,494 56,404,108
Floating Rate Dated Subordinated Bond of EBL 23,000,000 23,063,013
283
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Floating Rate Dated Subordinated Bond of Bank Asia 23,000,000 23,063,014

Floating Rate Dated Subordinated Bond of Prime Bank 23,000,000 23,063,014
Floating Rate Dated Subordinated Bond of EXIM Bank 41,869,863 44,280,823
United Commercial Bank Subordinated Bond II 19,112,331 20,689,726
Al-Arafa Islami Bank Subordinated Bond 31,500,000 31,586,301
AB Bank Subordinated Bond II 52,500,001 52,643,835
Standard Bank Subordinated Bond 34,500,000 34,405,479
Floating Rate Dated Subordinated Bond of Dhaka Bank 45,619,862 29,900,684
IFIC Bank Coupon Bearing Subordinate Bond 41,805,068 22,195,407
South East Bank Subordinated Bond II 35,961,781 6,811,644
Mutual Trust Bank Limited Subordinated Bond-II 20,017,151 -
Bank Asia Limited Subordinated Bond 13,435,274 -
Exim Bank Limited Subordinated Mudaraba Bond 23,250,001 -
DBBL Subordinated Bond 23,013,698 -
City Bank 2nd Subordinated Bond 8,153,507 -
Premier Bank Subordinated Bond 4,986,301 -
Standard Bank Subordinated Bond II 10,722,604 -
Islami Bank Mudaraba Subordinated Bond 20,728,768 -
Pubali Bank Ltd. Floating Rate Subordinated Bond 3,024,658 -
National Bank 2nd Subordinated Bond 527,397 -
FSIBL Subordinated Bond 328,767 -
UCBL Subordinated Bond III 246,575 -
Interest on Commercial Paper 1,816,438 -
Interest on Reverse REPO 132,329,339 136,647,078
Profit on Sale of Shares 328,631,248 3,339,214
Profit on Sale of Securities 2,504,274,809 2,198,893,254
14,689,209,079 15,611,826,132
The above investment incomes were earned from Dhaka region only.
25(a) Consolidated Investment Income

15,204,059,765 15,727,329,483

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
26 Commission, exchange earnings & brokerage

Commission on bills (Foreign & Inland) 64,145,954 69,105,267
Commission DD, TT & MT (Local) 123,660,748 123,577,471
Commission on DD, TT, TC (Foreign) 29,504,397 18,051,919
Commission on Letters of Guarantee (Local) 47,708,266 60,814,488
Commission on Travelers' Cheque - 4,442
Commission on Letters of Guarantee (Foreign) 4,800,098 15,088,256
Commission on Letter of Credit 865,466,872 632,051,997
CIB Service Charge 26,000,000 -
Commission on Underwriting 13,130,040 42,096,820
Commission on Sales & Purchase (Share) - 6,079
Commission on Export bill 89,290,000 87,687,719
Commission on LIM 945,574 2,130,052
Commission on Army Pension Paid 8,685,532 4,569,074
Commission on Food procurement Bills 89,320,934 106,630,290
Foreign correspondence charges 2,273,336 5,938,262
Exchange account foreign currency 1,580,712,935 1,489,308,264
Commission on Sanchay patra 56,153,308 40,425,972
Fees & Commission For Debit Card 1,625,867 647,132
Consortium/Syndication Fee 45,005,291 15,175,681
Loan processing fee 49,412,939 32,850,745
Commission on Miscellaneous 297,726,953 342,968,382
Discount on Bills 12,075 -
3,395,581,119 3,089,128,312
26.1 Geographical Location - wise Commission, Exchange and brokerage:

Dhaka Region 2,799,827,828 2,537,283,339
Chittagong Region 106,458,411 84,346,381
Khulna Region 127,570,140 112,441,185
Rajshahi Region 79,876,732 80,443,790
Barisal Region 32,447,556 26,506,040
Sylhet Region 41,717,568 24,152,783
Rangpur Region 83,711,076 63,654,108
Mymensingh Region 46,524,220 54,191,432
Comilla Region 59,873,633 85,733,882
Faridpur Region 17,573,955 20,375,372
3,395,581,119 3,089,128,312
26(a) Consolidated Commission, Exchange and Brokerage:
Agrani Exchange Company (Australia) Pty. Limited - 750,013
3,485,732,701 3,199,585,727
285
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
27 Other operating income

Rent on Immovable Properties & Godown 1,855,852 2,592,234
Rent on SD Lockers 10,440,206 7,524,172
Profit on sale of Assets 469,236 5,535,335
Postage Recoveries 48,483,501 56,183,671
Telegram Recoveries 573,352 335,930
Trunk-call Recoveries 83,270 78,792
Account Maintenance Fee 705,766,471 879,846,179
Remittance 6,507,290 8,277,694
Insurance Recoveries - 1,000
Service charge on rural credit 4,943 62,745
Service charge on Weavers/ Hosiery credit 2,182 (10,575)
Service charge on Industrial credit 7,913 6,005
Service charge on other credit 135,145,413 111,360,023
Sales proceeds on loan application form 1,997,328 1,900,407
Annual Charges on deposit A/C 542,667 2,176,820
Annual Charges on Loan A/C 137,869 42,552
Service Charges on FSS (Female Student Scholarship) 63,031,658 94,210,405
Remuneration received from Sanchaya Patra 7,920,929 3,118,622
Sale of LC/Export/Schedule form and tender Schedule 11,536,880 4,545,306
Telephone, Telex & Swift charges 35,620,927 44,634,499
Account Closing Charge 10,106,539 10,403,394
Rebate received from Foreign bank 21,012,268 14,359,270
Proceeds realization certificate charges 5,083,719 5,047,722
Service Charges on Civil Pension paid 2,391,032 1,835,361
Electronic Govt. Procure (e-GP) 1,079,040 2,625,710
Service Charges on Deposit A/C 27,944,045 12,199,011
1,097,744,530 1,268,892,284
27(a) Consolidated Other Operating Income

Agrani Equity & Investment Limited 497,842 149,138,337
1,111,103,482 1,425,652,381

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
28 Salary and allowance etc.

Salaries- officers 4,091,705,077 4,158,851,128
Salaries- staff 464,935,065 494,008,024
Dearness allowance (Officers & Staff) 192,830 (23,250,234)
Fringe Benefit (Officer & Staff) 87,311,539 93,682,630
Bonus (officers & Staff) 680,362,938 690,219,476
Banks contribution to provident fund 174,007,471 174,454,476
Banks contribution to employees pension fund 1,431,261,790 1,296,610,994
Banks contribution to gratuity fund 339,299,512 303,707,947
Conveyance allowances 5,748,854 4,386,106
Entertainment allowances 1,468,523 1,577,671
Children education allowances 56,457,958 40,979,159
Hill Allowances 3,478,913 4,062,427
Honorarium & Fees 17,853,281 15,800,607
Medical Expenses 3,811,662 3,063,765
Medical Expenses (Consultation Fees) 1,848,400 2,023,000
Medical allowances 223,483,276 170,607,152
Uniform and other apparels 10,972,524 15,230,620
Overtime expenses 16,710,111 16,286,706
Compensatory Allowances 4,568,598 15,738,076
Lunch subsidy/Iftar Coupon 570,088,755 579,999,585
Leave Encashment 2,224,540 1,508,310
Sports and cultural activities 29,140,700 22,845,000
House rent allowances (officers) 1,603,852,626 1,237,623,623
House rent allowances (staff) 210,494,212 180,975,294
Wages paid to temporary employees 206,440,308 181,361,055
Death relief grant scheme - 12,578,000
Staff transport fare 31,515,245 32,952,416
Police & Ansar Expenses 387,960,301 251,391,425
Ex-Gratia 1,225,243 851,979
Evening, Night & Charge Allowance 10,389,465 16,403,294
Salary and allowance of Head of ICC 6,902,732 3,520,000
Bangla Nobobarso Allowance 65,521,579 65,034,175
10,741,234,028 10,065,083,886
28(a) Consolidated Salary and Allowance etc.

Agrani Exchange Company (Australia) Pty. Limited - 6,200,752
10,898,046,852 10,213,899,030
287
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
29 Rent, taxes, insurance, lighting etc.

Rent on Premises 573,878,400 532,513,304
Rent on Godown 4,174,381 3,607,753
Lighting Charges 97,710,753 103,343,761
Insurance Charges on vehicles 6,173,318 6,977,913
Insurance Charges on property 1,315,132 1,424,175
Rates, Taxes, Ceases 48,748,980 40,933,503
Taxes on Immovable Property 423,894 311,248
Insurance Charges on Deposits 165,245,774 370,007,345
897,670,632 1,059,119,002
29(a) Consolidated rent, taxes, insurance, lighting etc.
Agrani Bank Limited 897,670,632 1,059,119,002
Agrani Remittance House Canada Inc. 371,839 1,381,628
936,038,131 1,097,951,512
30 Legal expenses
Court fees 1,736,178 2,492,850
Lawyer's fees 8,091,173 9,076,966
Other legal expenses 16,911,065 25,552,220
26,738,416 37,122,036
30(a) Consolidated Legal Expenses

Agrani Equity & Investment Limited 239,175 199,750
Agrani Exchange House Private Limited, Singapore 686,152 1,031,817
Agrani Remittance House Canada Inc. 997,891 -
29,077,404 39,287,135
31 Postage, stamp, telegram & telephone
Postages 39,446,330 46,890,625
Telegram Charges 89,963 80,719
Telex & Teleprinter charges 362,299,528 279,390,552
Stamps 1,134 26,947
Telephone Charges (Office) 16,043,572 17,980,260
Telephone Charges (Residence) 2,406,252 2,421,319
Trunk-call charges 6,856 29,904
420,293,635 346,820,326

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
31(a) Consolidated postage, stamp, telegram & telephone

423,266,064 349,793,679
32 Stationery, printing, advertisement
Security Stationery 31,859,643 28,077,807
Printing Stationery 88,434,546 92,874,071
Paper & Table Stationery 28,035,584 27,221,703
Advertisement publicity charge (Tender) 1,149,274 1,108,449
Advertisement publicity charge (Development) 15,953,705 57,702,471
165,432,752 206,984,501
32(a) Consolidated Stationery, printing, advertisement
Agrani Exchange House Private Limited, Singapore 516,196 617,664
167,805,839 210,353,598
33 Chief executive's salary and allowances
Basic Salary 3,300,000 2,602,400
House Rent Allowance 900,000 600,826
Festival Bonus 550,000 525,000
Incentive Bonus 293,033 1,000,000
Medical Allowance 120,000 120,000
Utility Allowance 300,000 300,000
House Maintenance Allowance 180,000 180,000
5,643,033 5,328,226
33(a) Consolidated Chief executive's salary and allowances
6,933,033 7,026,613
289
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
34 Fees & allowances of Directors

Fees for attending board meetings 3,477,600 2,180,400
Fees for attending executive committee meetings 202,400 193,200
Fees for attending audit committee meetings 533,600 395,600
Fees for attending risk management committee meetings 230,000 220,800
Fees for shariah supervisory committee meetings 147,200 248,700
Allowances 1,096,565 394,584
5,687,365 3,633,284
Note: Fee of the Chairman and directors is Taka 8,000 per meeting as per BRPD Circular Letter No. 11 date 04 October 2015. No
other financial benefits are extended to Board of Directors [as per section 18(1) of the Banking Companies Act (Amendment) 2013]
excluding above fees.
34(a) Consolidated Fees & allowances of Directors

11,574,737 7,260,501
35 Auditors' Fees
Audit Fee (Statutory Audit) 3,600,000 3,600,000
Audit Fee (Others) 36,000 1,013,500
3,636,000 4,613,500
35(a) Consolidated Auditors' Fees
Agrani Remittance House Canada Inc. - 1,000,805
4,262,046 6,414,165
36 Depreciation & repairs of bank's assets
a. Depreciation of Banks Assets (Annexure-G):
Bank Buildings 22,594,978 22,596,332
Furniture & fixtures 60,579,691 60,887,605
Motor Vehicles 63,713,646 70,232,037
Office Equipment 36,630,599 35,921,147
Electric material 63,255,031 64,201,781
Computers 250,828,965 264,225,705
Library Books & Others 167,828 194,116
Sub total 497,770,738 518,258,723

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
b. Amortization of Intangible Assets
Amortization of Software Purchase 120,511,198 6,947,546
Sub total 120,511,198 6,947,546
c. Repairs & Maintenance of Banks Assets:
Bank Buildings 8,896,976 7,083,060
Furniture & fixtures 4,058,487 4,356,931
Motor Vehicles 208,102,037 194,815,373
Office Equipment 7,188,120 5,463,923
Computers 449,770,397 146,953,744
Electric Equipment & Lighting Materials 19,276,079 17,686,820
Renovation & Maintenance of Branch Premises 8,323,596 18,113,170
Sub total 705,615,692 394,473,021
Total (a+b+c) 1,323,897,628 919,679,290
Repairs & Maintenance of Computers include Tk. 91,300,000 for 2016 and Tk. 2,300,000 for 2015.
36(a) Consolidated Depreciation & repairs of bank's assets
Agrani Bank Limited 1,323,897,628 919,679,290
1,338,042,024 934,074,191
37 Other expenses
Conveyance/ Transportation Charges 29,995,630 32,801,692
Petroleum, Oil and Lubricants for vehicles 26,769,526 32,685,715
Petroleum, Oil and Lubricants for generator 65,633,682 65,824,050
Entertainment Charges 35,728,617 34,492,042
Entertainment (Excluding ceiling) 18,538,231 19,252,450
Traveling Expenses 66,593,518 54,583,242
Traveling Expenses (Foreign) - 7,395
Remittance (Through Bank Exchanges) 3,482,994 3,970,003
Remittance (Cash) 70,347,349 69,414,881
Registration Charges 631,519 604,386
Mortgages Fee of Land/Home of staff house building loan 3,304,515 3,437,746
Bankers Clearing House charges 492,810 527,462
Loss on Sale of Assets (Furniture) - 848,167
Loss on Amortization of Securities 25,784,207 -
Loss on Sale of Share & Securities 2,436,409 -
Newspapers & Periodicals 9,687,580 9,527,941
Upkeep of office premises 55,005,198 45,563,843
Business Development Expenses 40,084,477 61,560,962
Training Expenses 28,414,049 44,948,918
Washing Charges 2,095,565 2,198,121
Closing expenditure 25,583,331 26,422,784
Micro Enterprise Development Unit - 16,225
Subscription 2,477,000 2,287,000
Donation 59,700 33,800
Funeral expenses 2,277,000 2,000,000
Fees and commission 3,157,514 827,360
Fees and commission on bond issue 27,381,500
Exchange a/c Charge paid to Foreign Bank 71,344,724 25,914,398
Loss on Revaluation of Security 1,192,235,485 2,057,484,514
1,809,542,130 2,597,235,097
291
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
37(a) Consolidated Other Expenses

Agrani Remittance House Canada Inc. 809,059 1,137,549
1,992,184,689 2,780,674,295
38 Provision for loans & advances
Provision for Bad & Doubtful Loans & Advances (3,899,757,179) 7,739,815,972
Unclassified loans & advances (1,089,623,013) 448,729,747
Special Mention Account 4,440,802 (22,862,222)
3% General reserve for consumer financing (Note -12.8) (57,048,330) (45,839,058)
(5,041,987,720) 8,119,844,439
Transfer to Retained Surplus - 45,839,058
Net Charge to Profit & Loss A/C (5,041,987,720) 8,165,683,497
38(a) Consolidated provision for loans & advances

Agrani Bank Limited (5,041,987,720) 8,165,683,497
(5,041,987,720) 8,165,683,497
39.1 Provision for off balance sheet exposures (Note - 12.10) 394,354,459 -
39.2 Provision for diminution in the value of Investment (Note - 12.11) (712,171,701) 931,030,434
39.3 Provision for employees benefits (Note - 12.13) 1,360,000,000 1,070,000,000
39 Other provision
Employee Benevolent Fund 20,000,000 20,000,000
Risk Fund 20,000,000 20,000,000
Supper Annuation Fund 1,260,000,000 500,000,000
Death Relief Grant Scheme 12,500,000 -
Protested Bills (Note - 12.12.a) 17,001,350 4,856,257
OPEC Fund (70,508,242) -
Branch Adjustment (76,700,000) 500,000,000

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Provision for Other Assets:

Sundry Debtors Staff & Others 2,625,006 15,103,100
Clearing Adjustment 745,226 (1,519,598)
Army Pension Paid (92,832,778) (398,210,940)
Civil Pension Paid (9,155,362) 17,674,048
Exempted Loans & Interest on Exempted Loans 105,968,204 491,000
Legal Charges (13,985) (639,977)
Parking Account - (7,620,000)
Accrued Income 2,912,567 (8,983,723)
Stationary & Stamp 7,131,329 8,173,776
Advance Deposit & Pre-payment (9,809,853) 47,336,418
Foreign Correspondent Draft Paid - 394,869
Agri credit exemption on river erosion (1,176,471) -
Libian Currency (100,000,000) 50,000,000
BCCI Bank- London - (1,006,441)
Wage Earner Bond 25,532,202 -
DD paid W/A 4,765,243 (15,549,503)
Dividend Receivable from Preference Share - 360,000,000
Interest rebate on good borrowers - 10,000,000
Sub Total (63,308,672) 75,643,029
Total 1,118,984,436 1,120,499,286
Add: Transfer to Retained Surplus - 444,591,722
Net Charge to Profit & Loss A/C 1,118,984,436 1,565,091,008
39(a).1 Consolidated provision for off balance sheet exposures

Agrani Bank Limited 394,354,459 -
394,354,459 -
39(a).2 Consolidated provision for diminution in the value of Investment
Agrani Bank Limited (712,171,701) 931,030,434
Agrani Equity & Investment Limited 100,000,000 -
(612,171,701) 931,030,434
293
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
39(a).3 Consolidated provision for employees benefits

1,368,500,000 1,080,000,000
39(a).4 Consolidated Other Provision
1,118,984,436 1,565,091,008
40 Consolidated Current Tax Expense
Agrani Exchange House Private Limited, Singapore 390,892 (173,003)
Agrani Remittance House SDN. BHD., Malaysia - 130,705
2,765,890,309 2,366,730,498
41 Consolidated Deferred Tax Expense
Agrani Bank Limited 238,433,187 (2,863,371,879)
Agrani SME Financing Company Limited (807,391) (574,784)
237,625,796 (2,863,946,663)
42 Interest Receipts in Cash
Loans & Advances 19,077,097,566 19,851,228,218
Investment 9,389,371,935 15,879,318,548
Balance with Other Banks & Financial Institutions 2,802,911,078 1,631,389,105
31,269,380,579 37,361,935,871

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
42(a) Consolidated Interest Receipts in Cash

Agrani Exchange House Private Limited, Singapore 185,401 -
31,430,082,907 37,523,250,058
Less: Inter-company (Transactions) (150,104,499) (149,328,637)
31,279,978,408 37,373,921,421
43 Interest Payments in Cash
Agrani Bank Monthly Deposit Scheme(ABMDS) 97,948,628 271,506,580
Agrani Bank Pension Scheme (ABPS) 30,314,815 26,830,945
Agrani Bank Special Deposit Scheme (ABS) 1,214,597,386 1,224,865,509
Deposit Pension Scheme (DPS) 1,857,163 2,570,990
Fixed Deposit Receipts 11,370,961,752 14,538,911,431
Interest on ABDBS 331,178,922 271,263,695
Unearned discount 272,756,226 -
Interest on ABMIS 317,462,834 208,957,304
Savings Deposit 3,013,566,515 2,692,170,948
Special Notice Deposit 1,835,330,281 1,705,247,689
Staff Provident Fund 344,570,914 308,309,171
Quarterly Income Scheme 391,796 -
Millionaire Deposit Scheme 18,270 -
Lakhopoti Deposit Scheme 4,217 -
Probashi Income Scheme 6,093 -
Deposit Scheme for Woman 4,599 -
Borrowings 43,312,271 60,050,510
Banks & Other Financial Institutions 276,073,787 241,942,836
19,150,356,469 21,552,627,608
43(a) Consolidated Interest Payments in Cash
Agrani Equity & Investment Limited 146,940,134 -
19,297,296,603 21,552,627,608
19,147,192,104 21,421,691,152
295
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
44 Cash receipts from other operating activities

Account Closing Charge 10,105,399 10,400,783
Account Maintenance Fee 705,720,481 879,740,910
Annual Charges on deposit A/C 532,532 2,153,622
Annual Charges on Loan A/C 137,869 42,552
Electronic Govt. Procure (e-GP) 1,079,040 2,625,710
Insurance Recoveries - 1,000
Miscellaneous Earnings (1,090,407) (2,495,863)
Postage Recoveries 48,480,957 56,177,849
Proceeds realization certificate charges 5,082,542 5,045,027
Profit on sale of other assets 469,236 5,535,335
Rebate received from Foreign bank 21,012,268 14,359,270
Remittance 6,505,103 8,272,688
Remuneration received from Sanchaya Patra 7,849,403 2,954,904
Rent on Immovable Properties & Godown 1,855,852 2,592,234
Rent on SD Lockers 10,440,206 7,524,172
Sale of LC/Export/Schedule form and tender Schedule 11,536,880 4,545,306
Sales proceeds on loan application form 1,997,328 1,900,407
Service charge on Industrial credit 7,913 6,005
Service charge on other credit 135,129,117 111,322,722
Service charge on rural credit 4,943 52,170
Service charge on Weavers/ Hosiery credit 2,182 -
Service Charges on Civil Pension paid 2,373,866 1,796,070
Service Charges on Deposit A/C 27,925,295 12,156,093
Service Charges on FSS (Female Student Scholarship) 62,799,081 93,678,054
Telegram Recoveries 572,387 333,721
Telephone, Telex & Swift charges 35,620,399 44,633,291
Trunk-call Recoveries 83,209 78,653
1,096,233,080 1,265,432,685
44(a) Consolidated Cash receipts from other operating activities
Agrani Equity & Investment Limited 497,842 148,460,337
1,109,592,032 1,421,417,636
45 Cash payment for other operating activities

Auditors Fee 3,636,000 4,613,500
Directors' fees and allowances 5,687,365 3,633,284
Legal charges 42,888,653 49,246,412
Other expenses 1,897,608,775 553,507,025
Postage, stamps, telegrams and telephone 421,297,845 368,680,625
Rent, taxes, insurance lighting etc. 2,126,870,717 1,029,331,790
Repairs to fixed assets 1,915,039,687 376,519,116
6,413,029,042 2,385,531,752

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
45(a) Consolidated Cash payment for other operating activities

Agrani SME Financing Company Limited (30,983,412) 24,215,006
Agrani Exchange Company (Australia) Pty. Limited 511,566 3,939,962
6,512,986,228 2,586,188,276
46 Cash & cash equivalent at the end of the period

Cash in hand & with Bangladesh Bank & Sonali Bank Ltd. 38,440,817,584 35,812,986,615
Balance with Other Banks 77,795,816,230 27,747,160,042
Money at Call & Short Notice 2,700,000,000 890,000,000
Prize Bonds 9,080,700 8,786,700
118,945,714,514 64,458,933,357
47 Consolidated Cash & cash equivalent at the end of the period

Cash in hand & with Bangladesh Bank & Sonali Bank Ltd. 38,508,318,461 35,852,961,878
Balance with Other Banks 77,941,275,858 27,997,044,836
Money at Call & Short Notice 2,700,000,000 890,000,000
Prize Bonds 9,080,700 8,786,700
119,158,675,019 64,748,793,414
48 Consolidated Shareholder's Equity

Paid up Capital 20,722,940,400 20,722,940,400
Statutory Reserve 7,834,464,973 5,894,026,005
General Reserve 591,791,414 591,714,409
Risk Fund 60,000,000 40,000,000
Asset Revaluation Reserve 10,992,091,716 11,006,638,965
Revaluation & Amortization Reserve in Govt. Securities 1,659,102,598 4,280,530,068
Retained profit/(Loss) from profit and loss account (974,537,032) (5,988,291,734)
Foreign Currency Translation Reserve 34,869,818 13,282,939
Minority Interest 3,221 3,120
40,920,727,108 36,560,844,172
297
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
49 Current Ratio
The Bank had the following current assets and current liabilities as on 31 December 2017 & 2016 as per liquidity statement.

Current Assets:
Cash 3,788,497,676 3,853,518,982
Balance with other banks and financial institutions 77,795,816,230 27,677,194,245
Money at call and short notice 2,700,000,000 890,000,000
Investment 100,587,582,349 155,030,757,910
Loans and advances 99,963,977,188 126,118,803,818
Other Assets 39,857,743,313 42,145,163,163
Total current assets 324,693,616,756 355,715,438,118
Current liabilities:
Borrowing from other banks, FI and agents 5,367,538,629 4,217,401,953
Deposits 272,128,207,058 319,681,001,627
Provisions and other liabilities 18,877,533,139 5,551,669,573
Total Current liabilities 296,373,278,826 329,450,073,153
Current Assets exceeding Current Liabilities 28,320,337,930 26,265,364,965
Current Ratio:
Current assets 324,693,616,756 355,715,438,118
Current liabilities 296,373,278,826 329,450,073,153
1.10 1.08

Notes to the
50 Categories of financial assets and financial liabilities in accordance with Bangladesh Financial Reporting Standard (BFRS-
7) Financial Instruments : Disclosures
Figure in million Taka
Consolidated Bank
Particular 2017 2016 2017 2016
Carrying Carrying Carrying Carrying

Fair value Fair value Fair value Fair value
amount amount amount amount
Financial Assets
Loans and receivable 517,611 517,611 398,470 398,470 515,595 517,657 397,077 397,077
Held to maturity 75,860 84,504 90,203 91,872 75,860 84,504 90,203 91,872
Held for trading 61,112 51,798 110,596 109,307 61,112 51,798 110,596 109,307
Available for sale 5,782 4,391 9,908 5,906 5,782 4,391 9,908 5,906
Non-Financial Assets 15,612 15,612 15,822 15,822 15,573 15,573 15,783 15,784
Total Assets 675,977 673,916 624,999 621,377 673,922 673,923 623,567 619,946
Financial Liabilities
Financial Liabilities at fair value through profit
- - - - - - - -
or loss
Financial liabilities measured at amortised cost 591,354 591,354 538,011 538,011 591,712 591,712 538,463 538,463
Non-Financial Liabilities-provision 43,703 43,703 50,412 50,412 41,476 41,476 48,528 48,528
Total liabilities 635,057 635,057 588,423 588,423 633,188 633,188 586,991 586,991
Detailed Classifications of Financial Instruments in Annexure-H.
51 Reconciliation between presentation of Assets & Liabilities in fair value as mentioned in note- 50 and balance sheet:
Consolidated Bank
Assets presented at fair value as per note # 50 673,916 673,923
Add : Fall in Market price of assets 2,061 (1)
Value of assets as per balance sheet 675,977 673,922
299
Notes to the
Consolidated Bank
2017 2016 2017 2016
52 Performance Evaluation
Average Cost of Deposits (%) 3.52 % 4.39 % 3.48 % 4.35 %

Average Cost of Borrowing (%) 0.91 % 0.64 % 0.91 % 0.64 %
Average Yield on Loans & Advances (performing loan) (%) 8.43 % 10.11 % 8.38 % 10.02 %
Average Yield on Investments (%) 7.37 % 7.03 % 7.37 % 7.21 %
Average Yield on Call loans to Bank (%) 4.31 % 4.69 % 4.31 % 4.69 %
Average Yield on Balance with other Banks (%) 5.52 % 5.93 % 5.54 % 5.96 %
Net Spread (%) 4.62 % 4.49 % 4.62 % 4.49 %
Net Interest Margin (%) 3.59 % 3.24 % 3.59 % 3.24 %
Contribution of non-interest bearing liabilities (%) 1.03 % 1.25 % 1.03 % 1.25 %
Detail of calculations is given in Annexure I.
53 Workers Participation Fund
Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up to 2013) deals with the workers’ participation in company’s profit
by way of ‘Workers Participation Fund’ and ‘Welfare Fund’. This Act requires the “”Industrial Undertakings”” to maintain provision
for workers’ profit participation fund @5% on net profit. Since this requirement contradicts with the ‘Section 11’ of the Bank
Company Act 1991 (as amended up to 2013), banks in Bangladesh took up the issue collectively and sought opinion from the
Association of Bankers Bangladesh Limited (ABB) on the same. ABB wrote a letter to the Ministry of Finance of the Government
of People’s Republic of Bangladesh on 09.03.2016 to draw attention of the honorable Finance Minister regarding relevance and
applicability of Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up to 2013) for the bank companies and to obtain
a direction on the issue. The Ministry of Finance revealed their opinion that WPPF should not be relevant for bank companies,
and therefore it should not be applied there. They also sought for an opinion on this issue from Bangladesh Bank. Subsequently,
Bangladesh Bank agreed on all the logics and legal opinion collected by the ABB and expressed their consensus with them on
29.11.2016. In this backdrop, the Ministry of Finance has given their instruction, vide letter no. 53.00.0000.311.22.002.17-130
dated 14.02.2017, for not applying Chapter-XV of the Bangladesh Labour Act, 2006 (as amended up to 2013) in bank companies.
Therefore, no provision in this regard has been made in the financial statements for the year ended on December 31, 2017.

(MD. WALI ULLAH) MOHAMMAD SHAMS-UL ISLAM)

Dated, Dhaka
30-April-2018
w

Agrani Bank Limited
Highlights on the Overall Activities of the Bank
As at and for the year ended at 31 Deccember, 2017 and 2016
Consolidated Bank
SL
Particulars Unit
No 2017 2016 2017 2016
1 Paid up capital Taka 20,722,940,400 20,722,940,400 20,722,940,400 20,722,940,400
2 Total Capital Taka 34,634,100,000 26,757,000,000 34,482,600,000 26,772,400,000
3 Capital surplus/(deficit) Taka 470,100,000 (287,970,000) 803,800,000 72,900,000
4 Total assets Taka 675,977,657,600 624,999,086,132 673,922,118,848 623,567,468,862
5 Total deposits Taka 529,991,808,634 493,598,655,150 530,349,741,838 494,050,051,943
6 Total loans and advances Taka 318,558,979,454 264,390,644,521 319,118,598,413 265,871,122,887
7 Total contingent liabilities and commitments Taka 123,337,740,538 83,902,294,663 123,337,740,538 83,902,294,663
8 Total classified loan to total loans (%) Percentage 17.50% 25.76% 17.45% 25.59%
9 Net classified loan to net loans (%) Percentage 7.38% 12.99% 7.38% 12.99%
10 Amount of classified loans Taka 55,752,519,055 68,098,525,748 55,695,506,495 68,044,863,101
11 Provisions kept against classified loans Taka 27,530,079,173 30,626,344,154 27,501,482,529 30,574,462,405
12 Provision surplus/(deficit) Taka - - - -
13 Credit deposit ratio (%) Percentage 60.11% 53.56% 60.17% 53.81%
14 Profit after tax and provision Taka 6,939,850,369 (6,911,485,824) 6,759,290,210 (6,970,106,854)
15 Cost of fund (%) Percentage 7.03% 8.42% 7.03% 8.42%
16 Interest earning assets Taka 396,669,853,468 289,912,723,060 397,084,012,799 291,143,316,632
17 Non-interest earning assets Taka 279,307,804,132 335,086,363,072 276,838,106,049 332,424,152,230
18 Income from investments Taka 15,204,059,765 15,727,329,483 14,689,209,079 15,611,826,132
19 Return on investment (ROI) Percentage 8.55% 6.70% 8.60% 6.86%
20 Return on Assets (ROA) Percentage 1.03% -1.11% 1.00% -1.12%
21 Return on Equity (ROE) Percentage 16.96% -18.90% 16.59% -19.06%
22 Earnings per Share Taka 33.49 (33.35) 32.62 (33.63)
301
Agrani Bank Limited
Related Party Disclosure
For the year ended 2017
ANNEXURE - A
i) Directors & their close family members’ Interest and Position in Different Entities
Date of No. of shares held Entities where they have interest & position
Name and address Status
appointment in the Bank
Visiting Professor
Dr. Zaid Bakht Chairman 13-Nov-14 01 North South University, Dhaka, Bangladesh
Former Research Director, BIDS
Managing Partner, Time Out
Mrs. Sangita Ahmed Director 07-Mar-16 01 House 65E, RD 19 Banani
Ex-President, Bangladesh Women Chamber
Managing Director, e-Generation Limited
Mr. Shameem Ahsan Director 07-Mar-16 01 Saimon Center, 5th floor, House-4/A
Road-22, Gulshan-1, Dhaka-1212.
Women Entrepreneur, Orkid Printers Ltd. 32/A, 33
Mrs. Hasina Newaaz Director 13-Apr-16 01
Mymemsing Lane Bangla Motor, Dhaka
Professor Dr. Nitai Chandra Nag Director 13-Apr-16 01 Professor, University of Chittagong
Mr. M. Ashiqul Hoque Chawdhury Director 13-Apr-16 01 Ex-Joint Secretary

Manageing Editor
Mr. Kashem Humayun Director 06-Sep-16 01
The Daily Sangbad
Additional Secretary (Rtd.)
Mr. Md. Ansar Ali Khan Director 22-Dec-16 01 Ministry of Public Administration,
Govt. of People’s Republic of Bangladesh
Additional Secretary (World Bank)
Economic Relation Division,
Ms. Mahmuda Begum Director 29-Sep-17 01
Ministry of Finance, Block-16, Room-4,Sher-e-
Bangla Nagar, Dhaka-1207
Mohammad Shams-Ul Islam MD & CEO 24-Aug-16 Agrani Bank Limited
Head Office, Dhaka
Md. Yusuf Ali DMD 07-Mar-18 Agrani Bank Limited
Head Office, Dhaka
Md. Khairul Kabir DMD 01-Mar-18 Agrani Bank Limited
Head Office, Dhaka
ii) Related party relationship disclosure during the year 2017 (BAS-24 Related Party Disclosure)

Name of Related Party Related Party Relationship Amount (Tk.) Nature
Government (Note-21.1) Owner 318,169,946 Letter of Guarantee

Government (Note-21.2) Owner 31,700,685,703 Letter of Credit
Government (Note-6) Owner 145,624,641,722 Government Securities
Government (Note-9) Owner 15,225,547,530 Advance Income Tax
Ministry of Food and other Ministry (Note-7.3.b) Owner 1,842,756,000 Loans and Advances
State Owned Enterprises (Note-7.3.b) Government Enterprises 1,870,668,210 Guarantees for Loans and Advances
Government (Note-11.d) Owner 54,610,503,959 Deposits (CD, SB, FDR, STD and SP Deposit)
Agrani Exchange House Pvt. Ltd. (Note-9.1) Subsidiary Company 6,457,000 Investment in subsidiary company
Agrani Remittance House SDN.BHD (Note-9.1) Subsidiary Company 8,967,168 Investment in subsidiary company
Agrani Remittance House , Canada (Note-9.1) Subsidiary Company 8,217 Investment in subsidiary company
Agrani Exchange House Pvt. Australia (Note-9.1) Subsidiary Company 4,000,965 Investment in subsidiary company
Agrani Equity & Investment Ltd. (Note-9.1) Subsidiary Company 4,000,000,000 Investment in subsidiary company
Agrani SME Financing Com. Ltd. (Note-9.1) Subsidiary Company 600,000,000 Investment in subsidiary company

Agrani Bank Limited
Treasury Bill, Treasury Bond, Other Bond
ANNEXURE - B .1
Treasury Bill
Market value Amount Booked
Particulars No.of Face Value Rate of Cost Value/ on 31.12.17
Quantity Interest Previous Value (Taka) Rev.
Amortization Reserve A/C
A. Bangladesh Bank Bills in HTM (Approved)
07 Days 3 17,500,000,000 2.98 17,490,007,500 17,495,839,939 5,832,439
14 Days 1 6,500,000,000 2.98 6,492,577,000 6,496,288,548 3,711,548
Sub Total 24,000,000,000 23,982,584,500 23,992,128,487 9,543,987
B. Treasury Bills in HTM (Approved)

91 Days 6 6,960,600,000 3.20-3.54 6,901,278,880 6,916,599,915 15,321,035
182 Days 2 5,061,600,000 4.01-4.05 4,962,365,628 4,969,453,834 7,088,206
364 Days 2 1,100,000,000 3.74-4.50 1,056,660,200 1,057,513,530 853,330
Sub Total 13,122,200,000 12,920,304,708 12,943,567,279 23,262,571
C.Total (HTM) : 37,122,200,000 36,902,889,208 36,935,695,766 32,806,558
D. Bangladesh Bank Bills in HFT (Approved)

182 Days 5 8,485,200,000 4.10-4.37 8,309,104,265 8,467,269,268 4,657,136
364 Days 11 24,142,300,000 3.55-4.47 23,205,464,996 23,846,128,790 21,132,432
Sub Total 32,627,500,000 31,514,569,262 32,313,398,058 - 25,789,567
E.Total (HFT) 32,627,500,000 31,514,569,262 32,313,398,058 25,789,567
Total Treasury Bill (C+E) 69,749,700,000 68,417,458,469 69,249,093,824 32,806,558 25,789,567
ANNEXURE - B.2
Treasury Bond
No.of Rate of Cost Value/
Particulars Face Value on 31.12.17 Rev.
Quantity Interest Previous Value Amortization
(Taka) Reserve A/C
A. Treasury Bond in HTM (Approved)
Govt. Treasury Bond ( 2 years) 3 107,500,000 5.29-6.54 107,798,143 107,705,407 - -
Govt. Treasury Bond ( 5 years) 6 635,400,000 5.94-11.78 639,562,611 639,465,873 -
Govt. Treasury Bond ( 10 years) 15 2,104,100,000 6.77-11.75 2,149,949,092 2,143,639,753 3,009,871
Govt. Treasury Bond ( 10 years-Remeasered) 2 894,200,000 9.45-9.53 896,728,117 896,153,942 -
Govt. Treasury Bond ( 20 years) 44 5,071,600,000 8.24-13.14 5,173,238,886 5,171,090,156 339,723
Bangladesh Govt. Islamic Investment Bond-BGIIB (IBU) 1 50,000,000 50,000,000 50,000,000
Jute Sector (25 Years) 2 61,055,000 5.00 61,055,000 61,055,000

7 Yrs.(Agrani Bank-BPC) T.Bond-2020 1 6,000,000,000 7.00 6,000,000,000 6,000,000,000
8 Yrs.(Agrani Bank-BPC) T.Bond-2021 1 6,000,000,000 7.00 6,000,000,000 6,000,000,000
10Yrs.(Agrani Bank-BPC) T.Bond-2023 1 6,126,800,000 7.00 6,126,800,000 6,126,800,000
9 Yr.(Agrani Bank-BJMC) T.Bond-2021 1 1,359,700,000 5.00 1,359,700,000 1,359,700,000
Sub Total (A) 38,041,355,000 38,315,351,559 38,294,100,279 4,532,927 -
B. Treasury Bond in HTM (Lien at BB in favour of SCB) (Approved)
Govt. Treasury Bond ( 5 years) 1 278,500,000 9.66 278,234,470 278,292,290 117,299.86
Govt. Treasury Bond ( 10 years) 22 8,922,900,000 8.75-11.75 9,010,693,372 8,995,728,417 44,165
Sub Total (B) 9,201,400,000 9,288,927,843 9,274,020,708 161,465 -
C. Treasury Bond in HFT (Approved)
Govt. Treasury Bond ( 2 years) 1 200,000,000 4.44 199,414,800 199,136,400 242,200
Govt. Treasury Bond ( 20 years) 14 862,200,000 12.00-12.48 1,088,245,254 1,173,344,335 172,819,733
Sub Total (C) 16,535,500,000 19,769,179,713 19,484,103,494 - 1,580,089,750
Total Treasury Bond (A+B+C) 63,778,255,000 67,373,459,114 67,052,224,481 4,694,392 1,580,089,750
303
Agrani Bank Limited
Treasury Bill, Treasury Bond, Other Bond
ANNEXURE - B.3

No.of Rate of Cost Value/
Particulars Face Value on 31.12.17 Rev.
Quantity Interest Previous Value Amortization
(Taka) Reserve A/C
Other Bond (Un-Approved)
UCBL Subordinated Bond 1 300,000,000 15.50 300,000,000 300,000,000
ONE Bank Subordinated Bond 1 300,000,000 15.50 300,000,000 300,000,000
AB BANK Subordinated Bond 1 400,000,000 11.00-13.00 400,000,000 400,000,000
Southeast Bank Ltd. Subordinated Bond 1 400,000,000 11.25-14.50 400,000,000 400,000,000
Floating Rate Dated Sub. Bond of EBL 1 200,000,000 11.50-14.00 200,000,000 200,000,000
Floating Rate Dated Sub. Bond of Bank Asia 1 200,000,000 11.50-14.00 200,000,000 200,000,000
Floating Rate Dated Sub. Bond of Prime Bank 1 200,000,000 11.50-14.00 200,000,000 200,000,000
Floating Rate Dated Sub. Bond of Exim Bank 1 500,000,000 11.50-14.00 500,000,000 500,000,000
UCBL Subordinated Bond -II 1 200,000,000 10.00-13.50 200,000,000 200,000,000
Al-Arafah Islami Bank Subordinated Bond 1 300,000,000 10.50-13.50 300,000,000 300,000,000
AB Bank Subordinated Bond II 1 500,000,000 10.50-13.50 500,000,000 500,000,000
STANDARD Bank Subordinated Bond 1 240,000,000 11.50-14.00 240,000,000 240,000,000
Dhaka Bank Floating Rate Dated Subordinated Bond 1 500,000,000 7.00-11.00 500,000,000 500,000,000
IFIC Bank Coupon Bearing Subordinated Bond 1 500,000,000 7.00-11.00 500,000,000 500,000,000
Southeast Bank Subordinated Bond II 1 450,000,000 7.00-10.50 450,000,000 450,000,000
Mutual Trust Bank Ltd Subordinated Bond-II 1 300,000,000 7.00-10.50 300,000,000 300,000,000
Bank Asia Ltd. Subordinated Bond 1 250,000,000 7.00-10.50 250,000,000 250,000,000
Floating Rate Subordinated Mudaraba Bond fo Exim Bank Ltd. 1 500,000,000 7.75 500,000,000 500,000,000
DBBL Subordinated Bond 1 500,000,000 7.00-10.50 500,000,000 500,000,000
City Bank 2nd Subordinated Bond 1 200,000,000 7.00-10.00 200,000,000 200,000,000
Premier Bank Subordinated Bond 1 200,000,000 7.00-10.00 200,000,000 200,000,000
Standard Bank Subordinated Bond 2 1 500,000,000 7.00-10.50 500,000,000 500,000,000
Islami Bank Subordinated Bond 1 1,000,000,000 7.80 1,000,000,000 1,000,000,000
Pubali Bank Ltd. Floating Rate Subordinated Bond 1 1,000,000,000 7.50-10.50 1,000,000,000 1,000,000,000
National Bank 2nd Subordinated Bond 1 250,000,000 7.00-10.00 250,000,000 250,000,000
FSIBL Subordinated Bond 1 300,000,000 8.00 300,000,000 300,000,000
UCBL 3rd Subordinated Bond 1 300,000,000 7.00-10.00 300,000,000 300,000,000
Total Other Bond (Un-Approved) 10,490,000,000 10,490,000,000 10,490,000,000 - -
Grand Total(Annexure B.1 + B.2+B.3) 144,017,955,000 146,280,917,584 146,791,318,305 37,500,951 1,605,879,317

Agrani Bank Limited
REPO, Reverse REPO and Inter-Bank Reverse REPO
ANNEXURE - B.4
Rate of Reverse
Particulars Tenor Face Value Cost Value on 31.12.17 Rev.
REPO Amortization
Reserve A/C
Inter-Bank Reverse REPO 2-7 Days 8,369,600,000 3.95-5.00 9,318,992,891 9,314,242,717 - 7,600
Total Reverse REPO 8,369,600,000 9,318,992,891 9,314,242,717 - 7,600
ANNEXURE - B .5
A.(i) Disclosure regarding outstanding Repo as on 31 December, 2017
Amount
Agreement Reversal
Sl. No. Counter party name (1st leg cash
Date Date
consideration)
((ii) Disclosure regarding outstanding Reverse Repo as on 31 December, 2017
Amount
Agreement Reversal
Sl. No. Counter party name (1st leg cash
Date Date
consideration)
01 JAMUNA BANK LIMITED 12/26/17 1/2/18 498,893,372
02 MIDLAND BANK LIMITED 12/27/17 1/3/18 488,769,284
03 RUPALI BANK LIMITED 12/27/17 1/3/18 1,965,000,000
04 STANDARD BANK LIMITED 12/27/17 1/1/18 1,134,184,272
05 MODHUMOTI BANK LIMITED 12/28/17 1/4/18 206,503,052
06 NRB BANK LIMITED 12/28/17 1/4/18 452,454,887
07 DHAKA BANK LIMITED 12/28/17 1/4/18 1,428,949,791
08 NATIONAL BANK LIMITED 12/28/17 1/1/18 1,000,116,448
09 AB BANK LIMITED 12/28/17 1/3/18 2,308,408,476
Total 9,483,279,581
B. Disclosure regarding overall transaction of Repo and Reverse Repo:
Minimum Maximum Daily average

outstanding during outstanding outstanding
the year during the year during the year
Securities sold under repo

i) With Bangladesh Bank - - -
ii) With Other Banks & Financial Institutions 474,604,704 2,419,765,940 929,559,240
Securities purchased under reverse repo

i) With Bangladesh Bank - - -
ii) With Other Banks & Financial Institutions 102,541,804 7,582,131,373 1,606,169,197
305
Agrani Bank Limited
Share Quoted
ANNEXURE - C (1)
Par Average Total Market Market Value Unrealised Provision
Particulars/ No. of Value cost Book Value Rate as at as at Capital Kept
Name of Companies Shares per share 31-12-17 31-12-17 Gain/(Loss)
Tk. Tk. Tk. Tk. Tk. Tk. Tk.
Bank
AB Bank Ltd 69,503 10 65.25 4,535,049 22.10 1,536,016 (2,999,033) 2,999,033
City Bank Ltd. 1,580,314 10 54.89 86,742,107 53.20 84,072,705 (2,669,402) 2,669,402
Exim Bank Ltd. 1,481,480 10 17.21 25,503,218 17.20 25,481,456 (21,762) 21,762
IFIC Bank Ltd. 2,174,525 10 6.82 14,820,858 18.00 39,141,450 24,320,592 (24,320,592)
Southeast Bank Ltd. 3,231,259 10 41.91 135,419,483 22.20 71,733,950 (63,685,533) 63,685,533
Uttara Bank Ltd. 3,013,280 10 39.86 120,120,805 35.30 106,368,784 (13,752,021) 13,752,021
NBFI
BAY LEASING 306,360 10 75.83 23,232,160 27.40 8,394,264 (14,837,896) 14,837,896
PLFSL 136,360 10 50.85 6,934,276 13.70 1,868,132 (5,066,144) 5,066,144
United Finance 451,198 10 48.25 21,769,543 23.80 10,738,512 (11,031,031) 11,031,031
Insurance
Pragati Insurance Ltd. 449,398 10 120.29 54,056,951 29.80 13,392,060 (40,664,891) 40,664,891
Fuel & Power
DESCO 282,560 10 86.28 24,378,756 45.40 12,828,224 (11,550,532) 11,550,532
KPCL 56,876 10 89.15 5,070,565 58.50 3,327,246 (1,743,319) 1,743,319
MJLBD 942,920 10 115.18 108,603,147 109.10 102,872,572 (5,730,575) 5,730,575
Meghna Petrolium 16,240 10 262.94 4,270,109 188.90 3,067,736 (1,202,373) 1,202,373
Padma Oil 560,173 10 365.58 204,787,797 239.00 133,881,347 (70,906,450) 70,906,450
Power Grid Ltd 4,020,083 10 94.70 380,690,702 52.20 209,848,333 (170,842,369) 170,842,369
SPCL 868,839 10 121.41 105,487,850 116.10 100,872,208 (4,615,642) 4,615,642
Sumit Power Ltd 9,305,240 10 60.84 566,151,063 35.90 334,058,116 (232,092,947) 232,092,947
Titas Gas Ltd 2,150,162 10 100.71 216,536,187 44.20 95,037,160 (121,499,027) 121,499,027
UPDGCL 973,798 10 184.60 179,766,822 181.10 176,354,818 (3,412,004) 3,412,004
Pharmaceutical
Acme Lab 329,982 10 115.18 38,006,902 114.00 37,617,948 (388,954) 388,954
Beximco Pherma 1,196,137 10 106.71 127,642,393 103.80 124,159,021 (3,483,372) 3,483,372
ORION Pherma 6,000,000 10 83.35 500,089,996 48.70 292,200,000 (207,889,996) 207,889,996
Square Pharma 59,292 10 256.45 15,205,457 301.80 17,894,326 2,688,869 (2,688,869)
Engineering
Atlas Bangla 66,297 10 245.85 16,298,815 131.40 8,711,426 (7,587,389) 7,587,389
BSRM Steel 258,300 10 190.25 49,140,608 78.50 20,276,550 (28,864,058) 28,864,058
S Alam CRST 863,000 10 72.62 62,674,896 33.40 28,824,200 (33,850,696) 33,850,696
Spinning & Textile
Malek Spnning 306,130 10 52.04 15,931,680 19.70 6,030,761 (9,900,919) 9,900,919
Pramount Textile Ltd. 3,083,435 10 43.88 135,300,536 43.90 135,362,797 62,261 (62,261)
Square Textile Mills Ltd 154,622 10 86.76 13,415,057 64.00 9,895,808 (3,519,249) 3,519,249
Cement
Aramit Cement 174,240 10 78.58 13,692,550 30.30 5,279,472 (8,413,078) 8,413,078
Mutual Funds
ICB AMCL 1st Agrani Bank Ltd. 50,000,000 10 10.00 500,000,000 8.10 405,000,000 (95,000,000) 95,000,000
Popular Life 1st M F 229,967 10 10.90 2,505,903 6.20 1,425,795 (1,080,108) 1,080,108
Vanguard AML BD 8,194,550 10 10.00 81,945,500 9.50 77,848,225 (4,097,275) 4,097,275
Vanguard AML RD 20,000,000 10 10.00 200,000,000 10.20 204,000,000 4,000,000 (4,000,000)
CAPMBDBL 2,000,000 10 10.00 20,000,000 8.10 16,200,000 (3,800,000) 3,800,000
Miscelleneous
Aman Feed 826,867 10 68.99 57,046,592 63.60 52,588,742 (4,457,850) 4,457,850
EHL 1,908,313 10 52.57 100,313,719 49.20 93,889,000 (6,424,719) 6,424,719
Beximco Ltd 3,908,069 10 95.49 373,179,509 27.00 105,517,863 (267,661,646) 267,661,646
Non-Trading Shares
B,D.Luggage Ltd 600 100 8.00 4,800 8.00 4,800 - -
B.C.I Ltd 1,230 100 15.25 18,756 15.25 18,756 0 (0)
Bangladesh Shipping Corp. 10,770 100 171.42 1,846,247 46.70 502,959 (1,343,288) 1,343,288
Bengal Biscuits Ltd 420 100 33.00 13,860 33.00 13,860 - -
Brac Bank SC Bond 537,750 1,000 1,000.00 537,750,000 1,080.00 580,770,000 43,020,000 (43,020,000)
Dacca Dying & Manf.Co.(Lock-in) 98,349 10 5.07 498,750 8.90 875,306 376,556 (376,556)
ICB 33,354,205 10 18.91 630,580,970 18.91 630,580,970 - -
Padma Printers & Colors 28,484 10 3.40 96,846 3.40 96,846 - -
Phoenix leather Complex Ltd 599 100 100.00 59,900 100.00 59,900 - -
Total Quoted Shares (A) 165,662,176 5,782,137,690 4,390,520,419 (1,391,617,271) 1,391,617,271

Agrani Bank Limited
Share Un-quoted
ANNEXURE - C (2)
Market
Average Unrealised
Par Total Rate as at Market Rate as Provision
No. of cost Capital
Name of Companies Value Book Value 31-12- at 31-12-2017 Required
Shares per share Gain/(Loss)
2017
Tk. Tk. Tk. Tk. Tk. Tk. Tk.
A.B.Biscuit Co Ltd 378 100 100.00 37,800 - - (37,800) 37,800
Adamjee Jute Mills Ltd 30,000 10 8.16 244,800 - - (244,800) 244,800
Eastern Mercantile Bank Ltd 10,000 10 10.00 100,000 - - (100,000) 100,000
Karnafuly Rayan Chemicals 600 10 10.00 6,000 - - (6,000) 6,000
National Oxyzen Ltd 1,986 100 100.00 198,600 - - (198,600) 198,600
Paper Coverting & Pacg . 1,478 100 100.00 147,800 - - (147,800) 147,800
Spcialised Jute Manf. Co Ltd 33,790 10 10.00 337,900 - - (337,900) 337,900
Swan Textile Mills Ltd 1,000 100 100.00 100,000 - - (100,000) 100,000
B. Commerce Bank Ltd 900,000 100 100.00 90,000,000 100.00 90,000,000 - -
Swift share 9 181,069 181,069.46 1,629,625 181,069.46 1,629,625 - -
CDBL 8,567,705 10 2.75 23,541,640 2.75 23,541,640 - -
Bangladesh Fund 20,000,000 100 100.00 2,000,000,000 100.00 2,000,000,000 - -
Financial Excellence Ltd. 30,000 100 100.00 3,000,000 100.00 3,000,000 - -
Karma Sangsthan Bank 1,600,000 100 100.00 160,000,000 100.00 160,000,000 - -
Preference Shares
Orion Infrastructure Ph-1 (Pref. Share) 150,000,000 10 10.00 1,500,000,000 10.00 1,500,000,000 - -
Orion Infrastructure Ph-2 (Pref. Share) 150,000,000 10 10.00 1,500,000,000 10.00 1,500,000,000 - -
Duth Bangla Power & Associates Ltd. 50,000,000 10 10.00 500,000,000 10.00 500,000,000 - -
Buy Back Shares
Beximco Ltd 5,200,000 10 207.69 1,080,000,000 27.00 140,400,000 (939,600,000) 939,600,000
GMG Airlines Ltd. 6,383,197 10 32.90 210,000,000 - - (210,000,000) 210,000,000
GMG Airlines Ltd. 8,801,760 10 34.08 300,000,000 - - (300,000,000) 300,000,000
GMG Airlines Ltd. 3,319,673 10 33.14 110,000,000 - - (110,000,000) 110,000,000
GMG Airlines Ltd. 1,371,351 10 36.46 50,000,000 - - (50,000,000) 50,000,000
Unique Hotel & Resort Ltd. 6,250,000 10 200.00 1,250,000,000 56.80 355,000,000 (895,000,000) 895,000,000
Total buy back 3,000,000,000 495,400,000 (2,504,600,000) 2,504,600,000
Total Unquoted share (B) 412,502,927 8,779,344,165 6,273,571,265 (2,505,772,900) 2,505,772,900
GRAND TOTAL (A+B) 578,165,103 14,561,481,855 10,664,091,684 (3,897,390,171) 3,897,390,171
Total provision maintained against investment in capital market
Additional shares of the following companies are pledged as additional security against buy back shares.
Market
Par Rate Market Value
No. of Value as at as at
Name of Companies Shares 31-12- 31-12-2017
2017
Tk. Tk. Tk.
Beximco Limited 19,947,211 10 27.00 538,574,697
Shinepukur Ceramics 9,900,000 10 17.00 168,300,000
Total 29,847,211 - 706,874,697
*As per Investment Corporation of Bangladesh Ordinance 1976 the Bank’s shareholding in Investment Corporation of Bangladesh (ICB) will be at least 2.5% of the total
paid up share capital of ICB. The Investment Corporation of Bangladesh (General) Regulations 1977 puts some restrictions on the sale of any ICB shares held by the
Bank, with the prior consent of the Government. Since we are optimistic that Government will give the Bank consent to sell its ICB shareholding exceeding 2.5%, should
be situation arise, we have considered these excess shares as HFT shares.
307
Agrani Bank Limited
Debenture
ANNEXURE - D
Name of organisation Quantity Amount (Tk)
Un-approved Debenture
M/S Bawa Jute Mills Ltd. 1 1
M/S Hotel Ilisium 1 1
Rupon Oil & Feeds Ltd. 1 1
Bay-Sodium Chemicals Ltd. 1 1
Monir Chemicals Ltd. 1 1
Ismail Carpet Mills Ltd. 1 1
Saleh Carpet Mills Ltd. 1 1
Mirzabo steel Mills Ltd. 1 1
Karnafuly Paper Mills Ltd. 1 1
Karnafuly Rayon & Chamicals Ltd. 1 1
Bangladesh Textile Mills Corporation 1 1
Bangladesh Textile Mills Corporation 1 1
Bangladesh Steel & Engineering Corporation 1 1
Total Debenture 17 17

Agrani Bank Limited
NOSTRO Account (Outside Bangladesh)
ANNEXURE - E (1)
Currency Conversion Rate Weighted
Name of the Bank Amount in FC Amount in USD Amount in BDT
Name per unit FC Average Rate
Nostro Account: Debit Balance
SCB LONDON GBP 476,013.89 1.3405 638,096.62 82.7000 52,770,590
PUBLIC BANK MALAYSIA USD 91,618.82 1.0000 91,618.82 82.7000 7,576,876
BOT, TOKYO, JAPAN USD 177,618.06 1.0000 177,618.06 82.7000 14,689,014
CITY BANK NA, NY USD 23,891,361.22 1.0000 23,891,361.22 82.7000 1,975,815,573
SCB NY USD 17,662,772.26 1.0000 17,662,772.26 82.7000 1,460,711,266
KOOKMIN BANK, SEUL USD 370,064.82 1.0000 370,064.82 82.7000 30,604,361
SONALI BANK( UK), LONDON USD 574,450.76 1.0000 574,450.76 82.7000 47,507,078
ICICI BANK, HONGKONG USD 668,750.69 1.0000 668,750.69 82.7000 55,305,682
COMMERZ EURO EUR 346,241.29 1.1901 412,061.76 82.7000 34,077,507
SCB, FRANKFURT, GERMANY EUR 352,708.29 1.1901 419,758.14 82.7000 34,713,998
UNICREDITO ITALIANA EUR 26,162.11 1.1901 31,135.53 82.7000 2,574,908
CITY BANK NA, LONDON EUR 1,011,383.60 1.1901 1,203,647.62 82.7000 99,541,658
SONALI BANK UK, LONDON EUR 6,895.53 1.1901 8,206.37 82.7000 678,667
SONALI BANK KOLKATA ACUD 3,973,091.18 1.0000 3,973,091.18 82.7000 328,574,641
AB BANK, MUMBAI. INDIA ACUD 124,970.58 1.0000 124,970.58 82.7000 10,335,067
BANK OF CEYLON,COLOMBO ACUD 30,411.96 1.0000 30,411.96 82.7000 2,515,069
BANK OF CEYLON, MALDIVES ACUD 5,000.00 1.0000 5,000.00 82.7000 413,500
SCB NEPAL ACUD 23,318.89 1.0000 23,318.89 82.7000 1,928,472
SCB INDIA ACUD 121,963.69 1.0000 121,963.69 82.7000 10,086,397
ICICI BANK, MUMBAI, INDIA ACUD 703,889.57 1.0000 703,889.57 82.7000 58,211,667
UNITED BANK OF INDIA ACUD 2,663,430.44 1.0000 2,663,430.44 82.7000 220,265,696
METROPOLITAN BANK ACUD 286,843.75 1.0000 286,843.75 82.7000 23,721,978
BOT, TOKYO,JAPAN JPY 98,233,101.36 113.2800 867,170.74 82.7000 71,715,020
SCB, TOKYO, JAPAN JPY 19,742,561.00 113.2800 174,281.08 82.7000 14,413,046
SCB MUMBAI, INDIA ACUEUR 7,409.25 1.1901 8,817.75 82.7000 729,227
UNION BANK OF SWISS CHF 116,743.56 0.9860 118,401.18 82.7000 9,791,777
HABIB BANK AG, ZURICH CHF 185,938.15 0.9860 188,578.25 82.7000 15,595,421
SCB SINGAPORE SGD 8,880.16 1.3408 6,623.03 82.7000 547,725
DEVELOPMENT BANK OF SINGAPORE SGD 846,286.91 1.3408 631,180.57 82.7000 52,198,633
UNITED OVERSEAS BANK SGD 192,835.95 1.3408 143,821.56 82.7000 11,894,043
BANK OF MONTREAL,TARANTO,CANADA CAD 32,166.19 1.2636 25,455.99 82.7000 2,105,210
AL-RAJHI BANKING SAR 22,180.74 3.7504 5,914.23 82.7000 489,107
Total: Debit Balance 56,252,707.10 4,652,098,874
Nostro Account: Credit Balance

SONALI BANK UK, LONDON GBP 15,541.79 1.3405 20,833.77 82.7000 1,722,953
MASHREQUE BANK NY USD 372,620.02 1.0000 372,620.02 82.7000 30,815,676
Total: Credit Balance 393,453.79 32,538,629
ANNEXURE - E (2)
Balance with Bangladesh Bank in Foreign Currency

Nostro Account Debit
BANGLADESH BANK GBP 66,823.04 1.3405 89,576.29 82.7000 7,407,959
BANGLADESH BANK USD 1,300,771.15 1.0000 1,300,771.15 82.7000 107,573,774
BANGLADESH BANK EUR 191,474.18 1.1901 227,873.42 82.7000 18,845,132
BANGLADESH BANK JPY 2,110,849.40 113.2800 18,633.91 82.7000 1,541,024
Total Debit Balance 1,636,854.77 135,367,889
Nostro Account Credit

BANGLADESH BANK NIL - -
Total Credit Balance - -
309
Agrani Bank Limited
Advance Tax and Provision for Taxation
ANNEXURE - F
Excess/(short) Payment of
Assessment Tax Provision Assessed Tax liabilities
Income Year Assessment status Provision after Tax Advance Tax
Year as per account (As per DCT & Return)
Assessed (TDS)
1 2 3 4 5 6=(3-5) 7
Refundable from 1989 to 2004
- - - - 3,101,735,796
(except 2002)
2002 2003-04 10,000,000 Ref.case submitted in High Court Div. 75,088,642 (65,088,642) 510,581,907
2005 2006-07 35,517,653 Ref.case submitted in High Court Div. - 35,517,653 224,697,050
2006 2007-08 930,815,389 Ref.case submitted in High Court Div. 1,550,205,298 (619,389,909) 239,419,933
2007 2008-09 - Finalized 2,069,296,117 (2,069,296,117) 1,020,571,233
2008 2009-10 - Ref.case submitted in High Court Div. 529,287,978 (529,287,978) 125,729,702
2009 2010-11 1,700,000,000 Ref.case submitted in High Court Div. DCT 1,823,339,976 (123,339,976) 84,148,956
2010 2011-12 2,068,600,000 Ref.case submitted in High Court Div. 1,513,876,083 554,723,917 177,840,291
2011 2012-13 4,250,000,000 Ref.case submitted in High Court Div. 4,801,202,762 (551,202,762) 95,564,918
2012 2013-14 1,580,000,000 Ref.case submitted in High Court Div. 3,929,508,388 (2,349,508,388) 906,330,684
2013 2014-15 - 2nd appeal filed in Tribunal Court 4,369,204,016 (4,369,204,016) 1,337,623,850
2014 2015-16 126,000,000 2nd appeal filed in Tribunal Court 3,820,220,576 (3,694,220,576) 1,750,952,960
2015 2016-17 131,000,000 Assessment yet not completed Return (3,087,262,414) 3,218,262,414 1,285,000,143
2016 2017-18 2,322,989,078 Return submitted Return (8,388,935,408) 10,711,924,486 2,177,390,893
2017 2018-19 2,682,800,000 Return yet not submitted 2,682,800,000 2,187,959,214
Total 15,837,722,120 13,005,032,014 2,832,690,106 15,225,547,530

Agrani Bank Limited
Schedule of Fixed Assets
ANNEXURE - G
Cost/Revaluation Depreciation
Net book
Opening Disposal/ Opening Net book value
Addition Revaluation Total balance Adjustment for Total balance value
balance Transfer Rate of balance Charge as on
Particulars during the during as on disposal/ as on as on
as on during the Depreciation as on for the year 31.12.2017
year the year 31.12.2017 transfer 31.12.2017 31.12.2016
01.01.17 year 01.01.2017
Taka Taka Taka Taka Taka % Taka Taka Taka Taka Taka Taka
A) Agrani Bank Limited
Tangible Asset :
Land 13,293,542,347 - - - 13,293,542,347 0% - - - - 13,293,542,347 13,293,542,347
Building 903,799,124 - - - 903,799,124 2.5% 69,655,819 - 22,594,978 92,250,797 811,548,327 834,143,305
Furniture & Fixture 847,014,159 26,431,318 (1,210,471) - 872,235,006 10% 497,651,265 (1,208,971) 60,579,691 557,021,985 315,213,021 349,362,894
Motor Vehicles 575,779,141 - - - 575,779,141 20% 427,349,332 - 63,713,646 491,062,978 84,716,163 148,429,809
Office Equipment 332,189,546 33,078,912 (3,676,674) - 361,591,784 20% 206,997,696 (3,675,174) 36,630,600 239,953,122 121,638,662 125,191,850
Electric Materials 576,344,668 55,871,947 (1,739,430) - 630,477,185 20% 404,457,568 (1,737,930) 63,255,031 465,974,669 164,502,516 171,887,100
Computer 2,172,566,597 164,972,014 (934,370) - 2,336,604,241 20% 1,319,787,681 (933,881) 250,828,965 1,569,682,765 766,921,476 852,778,916
Library Books 5,028,556 853,959 (15,590) - 5,866,925 20% 3,060,743 (15,579) 167,828 3,212,992 2,653,933 1,967,813
Sub-Total : A (In Bangladesh) 18,706,264,138 281,208,150 (7,576,535) - 18,979,895,753 2,928,960,104 (7,571,535) 497,770,739 3,419,159,308 15,560,736,445 15,777,304,034
Intangible Asset :
Software Purchase 1,202,855,622 47,210,369 (71,085) - 1,249,994,906 10% 22,222,247 (71,085) 120,511,198 142,662,360 1,107,332,546 1,180,633,375
Total Intangible Asset : 1,202,855,622 47,210,369 (71,085) - 1,249,994,906 22,222,247 (71,085) 120,511,198 142,662,360 1,107,332,546 1,180,633,375
B) Subsidiary Companies:
Agrani Equity & Investment Limited 10,978,007 102,527 - - 11,080,534 - 7,103,120 - 937,457 8,040,577 3,039,957 3,874,887
Agrani SME Financing Limited 30,355,143 87,801 - - 30,442,944 - 13,406,853 - 4,896,507 18,303,359 12,139,585 16,948,290
Agrani Exchange House, Singapore 34,862,288 4,835,938 - - 39,698,226 - 29,263,559 - 3,517,566 32,781,125 6,917,101 5,598,729
Agrani Remittance House, Malaysia 21,637,201 4,862,895 - - 26,500,096 - 9,076,714 - 659,105 9,735,819 16,764,277 12,560,487
Agrani Remittance House, Canada 1,360,626 17,133 - - 1,377,759 - 1,166,879 - 136,837 1,303,716 74,043 193,747
Agrani Exchange Company, Australia 178,546 - - - 178,546 - - - - - 178,546 178,546
Sub-total : B (Overseas Branches) 99,371,811 9,906,294 - - 109,278,105 - 60,017,125 - 10,147,472 70,164,596 39,113,509 39,354,686
Grand Total (A+B) 18,805,635,949 291,114,444 (7,576,535) - 19,089,173,858 - 2,988,977,229 (7,571,535) 507,918,211 3,489,323,904 15,599,849,954 15,816,658,720
311
312
ANNEXURE - H
Agrani Bank Limited

Classification of Financial Instruments as per Bangladesh Financial Reporting
Standard (BFRS-7): Consolidated
Taka in million
Annual Report 2017

Non-financial Financial Financial Non-finacial
Loans & Receivable Held to maturity Held to trading Available for sale asset liabilities at fair liabilities measure liabilities
value at amortised cost
Items
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 3,849 3,849 - - - - - - - - - - - - - -

Balance with Bangladesh Bank and agent Bank 34,659 34,659 - - - - - - - - - - - - - -
Balance with other bank and financial institution 80,641 80,641 - - - - - - - - - - - - - -
Investments 34,978 34,978 75,860 84,504 61,112 51,798 5,782 4,391 - - - - - - - -
Loans and advance 318,559 318,559 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 15,612 15,612 - - - - - -
Other assets 44,924 44,924 - - - - - - - - - - - - - -
Borrowing from other banks, Financial institution and agents - - - - - - - - - - - - 13,872 13,872 - -
Deposit and other accounts - - - - - - - - - - - - 529,992 529,992 - -
Other liabilities - - - - - - - - - - - - 47,490 47,490 43,703 43,703
Total 517,611 517,611 75,860 84,504 61,112 51,798 5,782 4,391 15,612 15,612 - - 591,354 591,354 43,703 43,703
Classification of Financial Instruments as per Bangladesh Financial Reporting

Standard (BFRS-7): Agrani Bank Limited
Taka in million
Financial Financial liabilities Non-finacial
Loans & Receivable Held to maturity Held for trading Available for sale Non-financial asset liabilities at fair measure at liabilities
value amortised cost
Items
Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair Carrying Fair
Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value Amount Value
Cash 3,788 3,788 - - - - - - - - - - - - - -
Balance with Bangladesh Bank and agent Bank 34,652 34,652 - - - - - - - - - - - - - -
Balance with other bank and financial institution 80,496 80,496 - - - - - - - - - - - - - -
Investments 28,122 30,184 75,860 84,504 61,112 51,798 5,782 4,391 - - - - - - - -
Loans and advance 319,119 319,119 - - - - - - - - - - - - - -
Fixed assets - - - - - - - - 15,573 15,573 - - - - - -
Other assets 49,418 49,418 - - - - - - - - - - - - - -
Borrowing from other banks, Financial institution and agents - - - - - - - - - - - - 13,872 13,872 - -
Deposit and other accounts - - - - - - - - - - - - 530,350 530,350 - -
Other liabilities - - - - - - - - - - - - 47,490 47,490 41,476 41,476
Total 515,595 517,657 75,860 84,504 61,112 51,798 5,782 4,391 15,573 15,573 - - 591,712 591,712 41,476 41,476
Agrani Bank Limited
Performance Evaluation
For the year ended 2017 ANNEXURE - I
Taka in crore
Consolidated Bank
Ratio Equation
2017 2016 2017 2016
Interest paid on Deposits 1,803.31 2,047.03 1,782.38 2,033.54

a) Average Cost of Deposits = x 100 = 3.52% x 100 = 4.39% x 100 = 3.48% x 100 = 4.35%
Average Deposit 51,179.52 46,642.65 51,219.99 46,701.28
Interest paid in Borrowings 8.34 4.22 8.34 4.22

b) Average Cost of Borrowing = x 100 = 0.91% x 100 = 0.64% x 100 = 0.91% x 100 = 0.64%
Average Borrowings 914.91 662.74 914.91 662.74
Average Yield on Loans & Advances Interest on Loans 1,934.59 1,986.42 1,933.53 1,985.19
c) = x 100 = 8.43% x 100 = 10.11% x 100 = 8.38% x 100 = 10.02%
(performing loan) Performing Loans 22,954.93 19,652.46 23,062.47 19,811.20
Income from Investment 1,520.41 1,572.73 1,468.92 1,561.18

d) Average Yield on Investments = x 100 = 7.37% x 100 = 7.03% x 100 = 7.37% x 100 = 7.21%
Average Investment 20,618.25 22,360.23 19,920.56 21,661.63
Income from Call Loans 27.28 14.28 27.28 14.28

e) Average Yield on Call loans to Bank = x 100 = 4.31% x 100 = 4.69% x 100 = 4.31% x 100 = 4.69%
Average Money At Call 633.50 304.43 633.50 304.43
Average Yield on Balance with other Interest from Balance with other Bank 292.25 145.15 292.25 145.15
f) = x 100 = 5.52% x 100 = 5.93% x 100 = 5.54% x 100 = 5.96%
Banks Average Balance with other Banks 5,296.92 2,449.07 5,277.15 2,433.52
{(Interest Earned/Interest Earning Assets) -

g) Net Spread = 4.62% 4.49% 4.62% 4.49%
(Interest Paid/Interest Bearing Liabilities)}
Net Interest Income

h) Net Interest Margin = 3.59% 3.24% 3.59% 3.24%
Gross Earning Assets
Contribution of non-interest bearing

i) = Net Spread - Net Interest Margin 1.03% 1.25% 1.03% 1.25%
liabilities
313
314
Agrani Bank Limited
Summary of Loan Classification and Provisioning
As on 31 December 2017
ANNEXURE - J
Annual Report 2017

Amount in Thousand
Balance Outstanding Base for Provision Interest Suspense on
Provision Eligible
Categories of Loans Total Unclassified (UC) Classified
SMA SS DF BL Required UC SMA Classified Total Securities
Standard SMA SS DF BL
BL1 BL2 BL3 BL4 BL5 BL6 BL7 BL8 BL9 BL10 BL11 BL12 BL13 BL14 16 17
Continuous Loan (CL-2)
Small and Medium Enterprise Financing(SMEF) 46,311,311 40,235,852 404,135 198,282 305,690 5,167,354 404,074 50,844 123,737 1,745,010 1,918,647 40,686 60 355,711 396,457 51,513,154
Other than SMEF & CF 54,462,207 45,711,103 819,042 590,574 86,059 7,255,429 819,018 466,936 17,425 3,275,678 4,428,841 353,656 25 1,306,847 1,660,528 32,935,875
Sub-total ( 1 ) = 100,773,518 85,946,955 1,223,177 788,856 391,749 12,422,783 1,223,092 517,780 141,162 5,020,688 6,347,488 394,342 85 1,662,558 2,056,985 84,449,029
Demand Loans (CL-3)
Small and Medium Enterprise Financing(SMEF) 20,241 19,695 - - - 546 - - - 480 529 - - 66 66 12,500
Other than SMEF & CF 19,592,272 11,431,723 190,465 283,258 22,926 7,663,900 189,507 217,559 21,379 5,180,264 6,191,677 268,391 957 1,746,442 2,015,790 2,026,182
Sub-total ( 2 ) = 19,612,513 11,451,418 190,465 283,258 22,926 7,664,446 189,507 217,559 21,379 5,180,744 6,192,206 268,391 957 1,746,508 2,015,856 2,038,682
Fixed Term Loan (CL-4)
Small and Medium Enterprise Financing(SMEF) 10,229,996 4,198,168 487,065 255,316 18,701 5,270,747 484,827 173,837 12,554 2,877,288 2,930,040 189,162 2,238 681,615 873,015 4,416,682
Consumer Financimg(other than HF&LP) 2,403,660 947,424 97,923 29,156 24,595 1,304,562 96,375 28,012 23,639 1,170,338 1,239,950 5,307 1,576 136,946 143,829 7,264
Housing Finance(HF) 18,495,538 16,679,306 149,672 201,121 228,869 1,236,567 149,426 33,013 41,930 234,295 598,437 637,769 247 164,121 802,137 21,558,046
Loans for professionals setup business (LP) 192,614 140,896 915 50,235 310 258 915 7,536 310 183 4,681 - - - - 48,266
Others 113,299,942 84,208,551 5,748,660 1,805,794 966,257 20,570,681 5,277,142 919,843 694,137 10,526,170 15,442,187 5,420,450 471,518 5,204,298 11,096,266 399,463,690
Sub-total ( 3 ) = 144,621,750 106,174,345 6,484,235 2,341,622 1,238,732 28,382,815 6,008,685 1,162,241 772,570 14,808,274 20,215,295 6,252,688 475,579 6,186,980 12,915,247 425,493,948
Short Term Agri. credit and Microcredit(CL-5)
Short Term Agri. credit 13,184,891 11,351,864 - 749,275 531,510 552,241 - 738,007 519,282 518,648 865,309 25,462 - 37,693 63,155 248,245
Microcredit 1,220,630 895,337 - 132,256 73,103 119,935 - 131,692 72,515 111,580 144,172 394 - 7,843 8,237 25,541
Sub-total ( 4 ) = 14,405,521 12,247,201 - 881,531 604,613 672,176 - 869,699 591,797 630,228 1,009,481 25,856 - 45,536 71,392 273,786
Sub-total (1+2+3+4+5) 279,413,302 215,819,919 7,897,877 4,295,267 2,258,020 49,142,220 7,421,284 2,767,279 1,526,908 25,639,934 33,764,470 6,941,277 476,621 9,641,582 17,059,480 512,255,445
Staff Loan 36,972,780 369,728 -
OBU 2,732,516 -
Grand Total 319,118,598 215,819,919 7,897,877 4,295,267 2,258,020 49,142,220 7,421,284 2,767,279 1,526,908 25,639,934 34,134,198 6,941,277 476,621 9,641,582 17,059,480 512,255,445
Agrani Bank Limited
Nostro Reconciliation
ANNEXURE - K
2016 2015
Particular As per our book (GL) As per their book (statement) As per our book (GL) As per their book (statement)
Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD) Debit (USD) Credit (USD)
Less than one month 4,448,924.58 13,095,333.57 113,737,941.58 64,142,462.08 1,850,675.52 7,886,100.83 29,596,947.59 46,981,537.12
More than one month but less than three months - 3,102,011.71 - 5,055,587.57 - 783,054.54 - 10,259,718.55
More than three months but less than six months 28,301.28 - - - - - - -
More than six months but less than nine months - - - - - - - -
More than nine months but less than twelve months - - - - - - - -
More than twelve months - - - - - - - -
Total 4,477,225.86 16,197,345.28 113,737,941.58 69,198,049.65 1,850,675.52 8,669,155.37 29,596,947.59 57,241,255.67
The Bank is not required to keep provision regarding the unreconciled debit balance as at balance sheet date since there was no debit entry aging more than three months.

315
316
Agrani Bank Limited
Segment Reporting
ANNEXURE - L.1
Annual Report 2017

For the purpose of segment reporting as per Bangladesh Financial Reporting Standards (BFRS) 8, ‘Operating Segments’ is the following segment relating to revenue, expenses, assets and liabilities
have been indentified and shown as follows:
* Loans & Advances
* Treasury
* Agrani Equity & Investment Limited, Dhaka
* Agrani SME Financing Limited, Dhaka
* Agrani Exchange House Pvt. Limited, Singapore
* Agrani Remittance House SDN. BHD., Malaysia
* Agrani Remittance House Canada Inc.

Taka in crore
Agrani Bank Limited Subsidiaries Grand

Particulars Deduction
Loans & Advances Treasury Other Total AEIL ASMEFCL AEHPL ARHSB ARHCI Total
Interest income 2,253.05 - - 2,253.05 0.33 15.52 0.02 0.16 0.03 (15.01) 2,254.10
Interest paid on deposits, borrowings etc. (1,818.32) - - (1,818.32) - - - - - (15.01) (1,803.31)
Net interest income 434.73 - - 434.73 0.33 15.52 0.02 0.16 0.03 - 450.79
Investment income - 1,468.92 - 1,468.92 51.49 - - - - - 1,520.41
Commission & brokerage - 181.25 - 181.25 0.48 - 5.40 2.97 0.16 - 190.26
Foreign exchange incomes 158.30 158.30 158.30
Other operating income - - 109.77 109.77 0.05 0.32 0.93 0.04 - - 111.11
Total operating income 434.73 1,808.47 109.77 2,352.97 52.35 15.84 6.35 3.17 0.19 - 2,430.87
Total operating expenses - - (1,539.96) (1,539.96) 17.05 11.23 7.83 4.24 0.39 - (1,499.22)
Profit before provision 434.73 1,808.47 (1,430.19) 813.01 35.30 4.61 (1.48) (1.07) (0.20) - 850.17
Rate of operating income 51.13% 212.72% -168.22% 95.63% 4.15% 0.54% -0.17% -0.13% -0.02% 0.00% 100.00%
Loans & Advances 31,911.86 31,911.86 58.17 107.93 - - - (222.06) 31,855.90
Investment - 17,087.61 - 17,087.61 677.88 - - 5.11 2.64 - 17,773.24
Agrani Bank Limited
Segment Reporting
A. Banking operations comprising of branches of the banking entity ANNEXURE - L.2
Agrani Bank Limited

Particulars Total
Dhaka Chittagong Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur
Number of Branches 158 79 137 143 60 59 65 87 111 42 941
B. Domestic operations in line with geographical segments

Taka in crore
Agrani Bank Limited Subsidiaries
Grand
Particulars Total Deduction
Dhaka Chittagong Khulna Rajshahi Barisal Sylhet Rangpur Mymensing Comilla Faridpur AEIL ASMEFCL AEHPL ARHSB ARHCI Total
Interest income 1,418.64 105.75 174.06 141.03 50.97 35.85 102.34 106.49 62.22 55.70 2,253.05 0.33 15.52 0.02 0.16 0.02 (15.01) 2,254.09
Interest paid on deposits,
(706.55) (52.88) (465.78) (116.80) (44.23) (69.64) (95.90) (129.70) (72.91) (63.93) (1,818.32) - - - - - (15.01) (1,803.31)
borrowings etc.
Net interest income 712.09 52.87 (291.72) 24.23 6.74 (33.79) 6.44 (23.21) (10.69) (8.23) 434.73 0.33 15.52 0.02 0.16 0.02 - 450.78
Investment income 1,468.92 - - - - - - - - - 1,468.92 51.49 - - - - - 1,520.41
Commission, exchange earnings
279.99 10.65 12.76 7.99 3.25 4.17 8.37 4.65 5.98 1.75 339.56 0.48 - 5.40 2.97 0.16 - 348.57
and brokerage
Other operating income 19.68 6.43 29.36 16.99 5.06 6.94 6.38 7.37 6.39 5.16 109.76 0.05 0.32 0.93 0.04 - - 111.10
Total operating income 2,480.68 69.95 (249.60) 49.21 15.05 (22.68) 21.19 (11.19) 1.68 (1.32) 2,352.97 52.35 15.84 6.35 3.17 0.18 - 2,430.86
Allocated expenses (720.24) (67.40) (165.05) (165.07) (62.69) (58.20) (56.54) (92.60) (108.02) (44.15) (1,539.96) 17.05 11.23 7.83 4.24 0.39 - (1,499.22)
Branch Interest Income 758.93 194.92 518.66 134.38 50.83 85.75 43.65 110.53 184.68 55.94 2,138.27 - - - - - - 2,138.27
Branch Interest Expenses (1,983.61) (81.17) (38.34) (9.71) (4.95) (2.03) (6.44) (1.18) (1.46) (9.38) (2,138.27) - - - - - - (2,138.27)
Operating profit (loss) 535.76 116.30 65.67 8.81 (1.76) 2.84 1.86 5.56 76.88 1.09 813.01 35.30 4.61 (1.48) (1.07) (0.21) - 850.16
Operating profit (loss) as % 63.02% 13.68% 7.72% 1.04% -0.21% 0.33% 0.22% 0.65% 9.04% 0.13% 95.63% 4.15% 0.54% -0.17% -0.13% -0.02% 0.00% 100.00%
C. Treasury operations comprising of the banking entity

(Taka in crore)
Consolidated Bank
Nature of operation
Amount % Amount %
Operating income from banking operation 910.45 37.45% 884.05 37.57%
Operating income from investment operation 1,520.41 62.55% 1,468.92 62.43%
Total Operating Income 2,430.86 100.00% 2,352.97 100.00%
317
Agrani Bank Limited
Islamic Banking Unit
ANNEXURE - M
Islami Banking activities was approved in Amin Court Corporate Branch, Gulshan Branch, Maizdi Court Branch, Lal Dighi Par Corporate
Branch and Agrabad Jahan Building Corporate Branch of Agrani Bank Limited upon setting up Islami Banking windows with separate
entry door and counter under a separate book of accounts. Islamic Banking Windows are operated under Islami Banking Unit where
overall Islami Banking different from those of conventional banking. Accounting system is vital for ensuring Shariah compliance in such
banking operation. Our Islamic Banking operation is committed to follow the accounting principles that refrain from interest. Islami
Banking operation run through a separate Islami banking Software. Here are the principles for accounting under its Islamic Banking.
1. Deposits and Profit Sharing

Islamic Banks mobilize its deposits through two principles of Shariah to provide interest-free banking facilities
a. Al-Wadiah and
b. Mudaraba principles.
In Al-Wadiah Account, bank receives money with the condition to return the same, with permission to use/invest without paying benefit.
In Mudaraba deposits, bank plays the role of entrepreneur (Mudarib) and the depositors as fund provider (Rabb al Maal). Under this
principle, profit accrued from investment and financing are shared as per pre-agreed ratio. Islami Banking in Agrani Bank Limited share
profit with depositors in accordance with the Guideline for Islami Banking by Bangladesh Bank.
Mudaraba depositors are entitled to get minimum 65% of the investment income earned through deployment of Mudaraba Fund as
per weight age assigned to each type of Mudaraba deposit. In the year 2017, the Bank paid 65% of Investment Income earned through
deployment of Mudaraba Fund. In some Mudaraba Deposits, additional rate was allowed over the rate derived as per weight age. Profit
is paid/provided to Mudaraba Deposit accounts at provisional rate on half-yearly/yearly/anniversary basis considering overall projected
growth, performance and profitability of the Bank during the year. Final Rates of profit of any accounting year are declared after year
end.
2. Investment Operation
Investments are recognized at gross amount on the date on which they are originated. After initial recognition investments are stated in
the Balance Sheet net off profit receivable and unearned income. However, provision for investments is not net-off with investments.
Profit Receivable – the amount of unexpired portion of profit charged on Bai-Murabaha investment at the time of sale of goods/ services
to customer/ client.
Unearned Income - the amount of unrealized portion of profit/ value addition of fixed assets [property, plant & equipment] under Hire
Purchase Under Shirkatul Melk (HPSM) investment for gestation period.
For investment purpose two systems are followed:
a. Fixed return based investment
b. Variable return based investment
Fixed return based investment system is applicable for Bai-Muajjal, Bai-Murabaha investment mode. Under this mode, Bank sells
thegoods to a client at a fixed profit /mark-up on deferred payment basis. Hire Purchase Under Shirkatul Melk (HPSM) is also a fixed
return based investment mode. In this case rate of rent is fixed but amount of rent becomes variable on the basis of diminishing balance
method. Variable return based income is applied for our Musaharaka mode of investment. In these cases, only ratio of Income Sharing
is stated in the agreement.
3. Income/Revenue Recognition Principle

The bank earns income from various sources such as charges, fees, commission and investment. To recognize all sorts of income, Bank
follows Shariah principle strictly. Usually charges, fees & commission etc. are recognized on actual basis. Recognition of income from
investment follows principles as under:
For Bai-Muajjal, Bai-Murabaha Investment:
While creating each deal, in case of Bai-Muajjal, Bai-Murabaha mode of investment, mark up/profit is added to the bank’s purchase cost
with a credit to unearned income A/c. Thereafter time apportionment of profit is recognised out of the unearned income amount at the
end of each month on accrual basis. Allowance (rebate) for early repayment, if any, may however be applied at Bank’s discretion.

For Hire Purchase Shirkatul Melk (HPSM) Investment:
In case of HPSM mode of investment Rent is charged and taken into income account at the end of each month on accrual basis. If
the account has a provision of gestation period, no income is earned during the period. In this case income starts just after the end
of gestation period. However Rent is chargeable in spite of gestation, if the delivery of asset is completed in usable condition such
as a machine or a set of machinery or building etc. All accrual income is subject to prevailing classification and provisioning rules of
Bangladesh Bank.
4. Cost Recognition Principle

Cost in respect of profit paid on deposit is recognized on accrual basis. Monthly accruals in this respect are calculated on the basis of
provisional profit rate. Other costs are also recognized on the accrual basis following the matching concept of Accounting.
319
Balance Sheet
As at December 31, 2017
ANNEXURE - M (1)
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Property And Assets

Cash in hand 1 69,520,767.80 73,169,686.81
Cash in hand (including foreign currencies) 3,436,431.00 3,624,175.00
Balance with Bangladesh Bank and its agent banks(including foreign currencies) 66,084,336.80 69,545,511.81
Balance with other banks and financial institutions 2 14,604,547.67 161,946,613.99

In Bangladesh 14,604,547.67 161,946,613.99
Outside Bangladesh - -
Placement with other banks and financial institutions 5,809,164,201.54 2,371,299,069.99
Investments in Share & Securities 4 50,000,000.00 50,000,000.00

Governments 50,000,000.00 50,000,000.00
Others - -
General Investments 1,086,654,721.49 761,459,670.08

General Investment etc 5 1,086,654,721.49 761,459,670.08
Bills purchased and discounted 6 - -
Fixed assets including premises 7 2,837,328.51 2,817,741.51

Other assets 8 28,638.83 27,491.83
Non-banking assets - -
Total assets 7,032,810,205.84 3,420,720,274.21

Liabilities
Borrowing & Placement from other banks, financial institutions and agents 5,397,232,784.00 2,056,500,000.00
Deposits and other accounts 9 1,127,064,439.63 987,866,038.30

Mudaraba savings deposits 10 125,261,635.39 103,728,464.98
Mudaraba term deposits 896,714,117.48 786,858,087.08
Other Mudaraba deposits 81,073,460.52 63,715,024.36
Al-wadeeah currents deposits and other deposits accounts 20,182,730.59 30,763,264.68
Bills payable 3,832,495.65 2,801,197.20
Other Liabilities 11 508,512,982.21 376,354,235.91

Deferred tax liabilities/(Assets)
Total liabilities 7,032,810,205.84 3,420,720,274.21
Capital/Shareholders' equity
Paid up capital - -
Statutory reserve - -
Revaluation gain/(loss) on investments - -
Other reserve - -
Surplus in profit and loss account/retained earning - -
Total shareholders equity - -
Total liabilities and shareholders equity 7,032,810,205.84 3,420,720,274.21

Off Balance Sheet Items
as at December 31, 2017
ANNEXURE - M (2)
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
OFF-BALANCE SHEET EXPOSURES

Contingent Liabilities 12 15,528,400.00 21,820,400.00
Acceptances and endorsements 12.1 - -
Letters of guarantee 12.2 15,528,400.00 19,453,400.00
Irrevocable letters of credit 12.3 - 2,367,000.00
Back To Back L/C - -
Bills for collection 12.4 - -
Other Contingent Liabilities - -
Other Contingent Liabilities
Other Commitments
Documentary credits and short term trade related transactions - -
Other Commitments - -
- -
Total off-balance sheet exposures including contingent liabilities 15,528,400.00 21,820,400.00
321
For the year ended December 31, 2017
ANNEXURE - M (3)
Amount in Taka
Notes 31 Dec 2017 31 Dec 2016
Profit from Investment 13 334,793,364.08 219,277,958.61

Profit paid on deposits, borrowing etc 14 (202,784,341.28) (133,973,485.21)
Net Investment Income 132,009,022.80 85,304,473.40
Income from investment in shares/securities - -
Commission, exchange and brokerage 15 1,126,426.50 2,868,026.00
Other operating income 16 25,549,659.31 22,722,954.08
Total operating income (A) 158,685,108.61 110,895,453.48
Salaries and allowances 17 33,963,612.67 32,599,569.59

Rent, taxes, insurance, electricity, ect. 18 2,044,486.00 1,842,442.03
Legal Expenses 19 131,610.00 185,873.75
Postage, stamp, telecommunication etc. 20 54,066.00 25,618.00
Stationery, printing, advertisements. etc. 21 125,010.00 126,292.82
Chief Executive's Salary & fees - -
Directors' fees & expenses - -
Shariah supervisory committees's fees & expenses - -
Auditors' fees - -
Charges on investment losses 22 - -
Depreciation of Bank's assets 23 219,365.00 238,575.00
Zakat expenses - -
Repair & Maintainance to Bank Properties 24 1,141,743.00 1,102,481.00
Other expenses 25 25,819,991.00 22,875,227.51
Total operating expenses(B) 63,499,883.67 58,996,079.70
Profit/(loss) before provision (A-B)=( C ) 95,185,224.94 51,899,373.78
Provision for investments 26 - -

Specific Provision - -
General provision - -
Provision for off-balance sheet exposures - -
Provision for diminution in value of investments - -
Other provisions - -
Total Provision (D) - -
Total profit before taxes (C-D) 95,185,224.94 51,899,373.78

for the year ended 31 December 2017 & 2016
ANNEXURE - M.4
Amount in Taka
31 Dec 2017 31 Dec 2016
1 Cash in hand
i) In local currency 3,436,431.00 3,624,175.00
ii) In foreign currency - -
Sub-total (a) 3,436,431.00 3,624,175.00
Cash with Bangladesh Bank and its agents
Balance with Bangladesh Bank 66,084,336.80 69,545,511.81
Balance with Sonali Bank (as agent of Bangladesh Bank) - -
Sub-total (b) 66,084,336.80 69,545,511.81
Grand total (a+b) 69,520,767.80 73,169,686.81
2 Balance with other banks and financial institutions
In Bangladesh (note-2.1) 14,604,547.67 161,946,613.99
Outside Bangladesh (note-2.2) - -
2.1 In Bangladesh
AL Wadiah Current Deposit accounts
AGRANI BANK LIMITED - -
a) Amincourt Corp. Br, Dhfaka 9,277,307.46 158,953,819.45
b) Gulshan Br, Dhaka 1,927,028.05 505,345.71
c) Laldighirpar Corp. Br. Sylhet 72,115.53 1,891,825.07
d) Agrabad (J.B.) Corp. Br. Chittagong 66,766.77 556,838.41
e) Maizdee court Br. Noakhali 3,261,329.86 38,785.35
14,604,547.67 161,946,613.99
2.2 Outside Bangladesh (NOSTRO Accounts) -
3 Placement with other banks and financial institutions
Mudaraba term deposit accounts (Including Profit)
a) Al-Arafah Islami Bank Ltd 1,144,390,700.54 965,249,069.99
b) Sahjalal Islami Bank Ltd 1,275,525,251.00 -
c) Social Islami Bank Ltd. 1,762,789,000.00 1,406,050,000.00
d) Exim Bank Ltd. 1,626,459,250.00 -
- -
5,809,164,201.54 2,371,299,069.99
4 Investment in share & securities
Governments ( Note 4.1) 50,000,000.00 50,000,000.00
Others -
50,000,000.00 50,000,000.00
4.1 Investment in Government securities
Bangladesh Government Islami Investment Bond (BGIIB) 50,000,000.00 50,000,000.00
Other Government Bond & Securities -
50,000,000.00 50,000,000.00
323
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
5 General Investments
a) In Bangladesh
Murabaha Industrial 71,482,065.76 43,304,816.38
Murabaha (TR) Industrial 3,749,890.28 6,411,068.00
Murabaha (Gen./Comm.) 2,333.64 2,333.64
Bai Muajjal (Gen./Comm.) 121,874,578.44 107,637,760.46
Bai Muajjal DDIS (Gen.) 35,759,934.02 13,709,619.98
Bai Muajjal Industrial 622,305,991.73 414,885,434.19
Hire Purchase Industrial 135,720,930.12 83,989,535.41
Hire Purchase (Real Estate) 66,013,470.24 55,669,742.76
HPSM DDIS (Gen.) 23,131,977.26 32,845,559.26
Quard Against MTDR 6,613,550.00 3,003,800.00
- -
1,086,654,721.49 761,459,670.08
b) Outside Bangladesh - -
c) Bill Purchased and discounted

Payable Inside Bangladesh
Inland bills purchased - -
Payable Outside Bangladesh

Foreign bills purchased and discounted - -
- -
1,086,654,721.49 761,459,670.08
5.1 Investments under the following broad categories
HPSM Investments 224,866,377.62 172,504,837.43
Bai-Murabaha / Bai-Muajjal 855,174,793.87 585,951,032.65
Quard against MTDR 6,613,550.00 3,003,800.00
1,086,654,721.49 761,459,670.08
Bills purchased and discounted (note-6) - -
1,086,654,721.49 761,459,670.08
5.2 Izara
Lease rental receivable within 1 year - -
Lease rental receivable within 5 years - -
Lease rental receivable after 5 years - -
Total lease / Izara rental receivable - -
Less: Unearned interest receivable - -
Net lease / Izara finance - -

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
5.3 Investments on the basis of significant

concentration including bills purchased and discounted
a) Investments to Directors of the Bank - -
b) Investments to Chief Executive and other executives & officers - -
c) Investments to customer groups:

i) Commercial investment
ii) Export financing -
iii) House building investment 66,013,470.24 55,669,742.76
iv) Retail investment 153,284,305.51 116,355,486.08
v) Small and medium enterprises -
vi) Special program investment -
vii) Staff investment -
viii) Industrial investments (Note 5.3 d) 837,611,418.48 553,585,081.98
ix) Consumer investment 23,131,977.26 32,845,559.26
x) Other investment (Quard Against MTDR) 6,613,550.00 3,003,800.00
1,086,654,721.49 761,459,670.08
d) Details of Industrial investments

i) Agricultural industries - -
ii) Textile industries 628,581,756.51 407,160,462.46
iii) Food and allied industries 2,624,678.00 -
iv) Pharmaceutical industries 120,347,491.00 101,668,987.52
v) Leather, chemical, cosmetics, etc. 10,561,104.97 9,938,228.00
vi) Steel, Engineering etc. 44,424,485.00 -
vii) Cement and ceramic industries - -
viii) Service Industries 31,071,903.00 34,817,404.00
ix) Transport and communication industries - -
x) Other industries including bills purchase and discounted - -
837,611,418.48 553,585,081.98
5.4 Particulars of investments
i) Investments considered good in respect of which the Bank isfully secured 6,613,550.00 3,003,800.00
ii) Investments considered good against which the Bank holds no security other than
the debtors’ personal guarantee
iii) Investments considered good secured by the personal undertaking of one or more 19,773,574.00 30,092,768.00
parties in addition to the personal guarantee of the debtors
iv) Investments adversely classified; provision not maintained there against - -
26,387,124.00 33,096,568.00
v) Investments due by directors or officers of the banking company or any of them

either separately or jointly with any other persons - -
325
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
vi) Investments due from companies or firms in which the directors of the Bank have
interest as directors, partners or managing agents or in case of private companies, as
members - -
vii) Maximum total amount of investments, including temporary investment made at
any time during the year to directors or managers or officers of the banking company
or any of them either separately or jointly with any other person. - -
viii) Maximum total amount of investments, including temporary investments granted
during the year to the companies or firms in which the directors of the banking
company have interest as directors, partners or managing agents or in the case of
private companies, as members - -
ix) Due from banking companies - -
x) Classified investments
a) Classified investments on which profit has not
been charged (note-5.8) 69,847,166.00 31,914,660.00
b) Provision on classified investments (note-5.6) 23,362,460.07 13,076,088.00
c) Provision kept against investments classified as bad debts
d) Profit (interest) Suspense Account (note-11) 5,567,133.56 3,756,207.58
xi) Cumulative amount of written off investments
a) Opening Balance - -
b) Amount written off during the year - -
c) Amount realised against investments previously written off - -
d) The amount of written off investments for which law suits
have been filed - -
- -
5.5 Classification of investments
Unclassified
Standard including staff investment 1,004,428,608.00 701,199,246.00
Special mention account (SMA) 12,378,947.00 28,345,763.00
1,016,807,555.00 729,545,009.00
Classified
Sub-standard 25,116,826.00 7,693,593.00
Doubtful 5,930,003.00 16,530,191.00
Bad / Loss 38,800,337.00 7,690,876.00
69,847,166.00 31,914,660.00
1,086,654,721.00 761,459,669.00
5.6 Particulars of required provision for investments

Status Base Rate
for Provision (%)
General Provision
Investments (Excluding SMA) 1,004,428,608.00 *Various 5,206,894 7,157,410
Special mention account (SMA) 12,378,947.00 38,375 519,205
5,245,269 7,676,615

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Specific provision
Sub-standard 25,116,826.00 20% 4,018,692 445,450
Doubtful 5,930,003.00 50% 2,846,401 1,192,580
Bad / Loss 38,800,337.00 100% 11,252,098 3,761,443
18,117,191 5,399,473
Required provision for investments 23,362,460.07 13,076,088.00
Note: Provision maintained by Head Office
5.7 Particulars of required provision for Off-balance Sheet Exposures

Base Rate Rate
for Provision 1% 1%
Acceptances and endorsements less margin -
Letter of guarantee less margin 12.2 9,581,550.00 95,815.50 128,376.93
Letter of credit less margin 12.3 - 23,670.00
Required provision on Off-balance Sheet Exposures 95,815.50 152,046.93
Note: Provision maintained by Head Office
6 Bills purchased and discounted

Payable in Bangladesh - -
Payable outside Bangladesh - -
- -
7 Fixed assets including premises, furniture and fixtures
Property, Plant & Equipment
Land - -
Building - -
Furniture and fixtures 1,321,487.75 1,301,900.75
Motor Vehicles - -
Office Appliances 387,703.00 387,703.00
Computer 343,645.00 343,645.00
Electric Materials 784,492.76 784,492.76
Library books - -
2,837,328.51 2,817,741.51
ATM
Hardware & equipment - -
Furniture & fixture - -
Interior decoration - -
- -
Less: Accumulated depreciation
Furniture and fixtures 775,230.75 645,778.75
Office Appliances 275,523.00 260,065.00
Computer 305,221.00 289,930.00
2,023,231.75 1,803,866.75
327
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
Intangibles assets
Software-core banking - -
Software-ATM - -
Cost of intangibles assets - -
Less: Accumulated amortization - -
Net book value at the end of the year 814,096.76 1,013,874.76
8 Other assets
Stationery and stamps 26,638.83 25,491.83
Profit receivable - -
Advance income tax - -
Advance deposits and advance rent 2,000.00 2,000.00
Branch adjustments account - -
Migration account - -
Suspense account - -
Islamic transit account - -
Sundry assets - -
28,638.83 27,491.83
9 Borrowing From other Banks, Placements From Other Banks

Borrowing From Bangladesh Bank (BGIIB) 5,200,000,000.00 2,050,000,000.00
Borrowing From Other Bank 197,232,784.00 6,500,000.00
5,397,232,784.00 2,056,500,000.00
10 Deposits and other accounts

Deposits from banks (note -10.1.a) 240,220,641.60 135,478,473.76
Deposits from customers (note-10.1.b) 886,843,798.03 852,387,564.54
1,127,064,439.63 987,866,038.30
10.1 a) Deposits from Banks
Mudaraba savings deposits -
Mudaraba Short Notice term deposits 240,220,641.60 135,478,473.76
Mudaraba term deposits - -
Other Mudaraba deposits - -
Al-wadeeah currents deposits and other deposits accounts - -
Bills payable - -
240,220,641.60 135,478,473.76
10.1 b) Customer Deposits
i) Al wadeeah current deposits and other accounts
Al-wadeeah current deposits 14,217,880.59 24,137,557.68
Foreign currency deposits - -
Security deposits 18,000.00 10,000.00
Sundry deposits (Margin on LG) 5,946,850.00 6,615,707.00
20,182,730.59 30,763,264.68

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
ii) Bills payable

Pay orders issued 3,832,495.65 2,801,197.20
Pay slips issued - -
Demand draft payable - -
Foreign demand draft - -
T. T. payable - -
3,832,495.65 2,801,197.20
iii) Mudaraba savings deposits 125,261,635.39 103,728,464.98

iv) Mudaraba term deposits
Mudaraba Term deposits (MTDR) 612,512,935.05 589,711,985.16
Mudaraba special notice Term deposits 11,665,018.97 10,447,392.62
Mudaraba Term deposits (Monthly profit) 32,315,521.86 51,220,235.54
Mudaraba Deposit Schemes 81,073,460.52 63,715,024.36
Non resident Taka deposits
737,566,936.40 715,094,637.68
Total 886,843,798.03 852,387,564.54
10.1 c) Deposits and other accounts

Current deposits and other accounts
Deposits from banks (note -10.1.a) - -
Deposits from customers (note-10.1.b.i) 20,182,730.59 30,763,264.68
20,182,730.59 30,763,264.68
Bills payable
Deposits from customers (note-10.1.b.ii) 3,832,495.65 2,801,197.20
3,832,495.65 2,801,197.20
Savings bank / mudaraba savings deposits
Deposits from customers (note-10.1.b.iii) 125,261,635.39 103,728,464.98
125,261,635.39 103,728,464.98
Term / Fixed deposits

Deposits from banks (note -10.1.a) -
Deposits from customers (note-10.1.b.iv) 737,566,936.40 589,711,985.16
737,566,936.40 589,711,985.16
11 Other liabilities
Expenditure and other payables 59,287,262.39 31,199,747.37
Unearned profit on Investment 46,662,954.51 39,605,707.15
Payable to Benevolent & Other Fund 43,957.00 26,124.00
Islami Banking General Account 396,951,674.75 301,766,449.81
Profit (Interest) suspense & Compensation account 5,567,133.56 3,756,207.58
508,512,982.21 376,354,235.91
329
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
12 Contingent liabilities 15,528,400.00 21,820,400.00
12.1 Acceptances and endorsements

Back to back bills (Foreign) - -
Back to back bills (Local) - -
Back to back bills (EPZ) - -
- -
12.2 Letters of guarantee

Letters of guarantee (Local) 15,528,400.00 19,453,400.00
Letters of guarantee (Foreign) - -
Foreign counter guarantees - -
15,528,400.00 19,453,400.00
Less: Margin 5,946,850.00 6,615,707.00
9,581,550.00 12,837,693.00
12.3 Irrevocable Letters of Credit
Letters of credit - 2,367,000.00
Back to back L/C - -
Bank’s liabilities PAD - -
- 2,367,000.00
Less: Margin - -
- 2,367,000.00
12.4 Bills for collection
Outward bills for collection - -
Inward local bills for collection - -
Inward foreign bills for collection - -
- -
Less: Margin - -
- -
13 Investment income
i) Income from general investment
Bai-Murabaha 6,349,915.29 2,543,561.38
Bai-Muajjal 56,773,913.66 55,763,130.67
Hire purchase Under Sherkatul Melk 23,020,367.30 17,335,223.36
Quard against MTDR - -
Bai-Salam - -
Staff loan - -
Foreign bills purchased - -
- -
Sub-total (i) 86,144,196.25 75,641,915.41
ii) Profit on deposits with other Islamic banks
In Bangladesh 248,649,167.83 143,636,043.20
Out side Bangladesh - -
Sub-total (ii) 248,649,167.83 143,636,043.20
Grand total (i+ii) 334,793,364.08 219,277,958.61

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
14 Profit paid on deposits

a) Profit paid on deposits:
Mudaraba savings deposits 3,839,374.69 2,726,275.00
Mudaraba special notice deposits 5,787,291.26 29,639,955.17
Mudaraba term deposits 37,483,645.74 40,197,574.84
Mudaraba deposit schemes 4,788,266.96 4,060,951.04
Foreign currency deposits - -
Others 75,542.25 99,999.28
51,974,120.90 76,724,755.33
b) Interest / Profit paid for borrowings:
Bangladesh Bank 149,221,917.50 53,398,688.58
Other Bank 1,588,302.88 3,850,041.30
150,810,220.38 57,248,729.88
202,784,341.28 133,973,485.21
15 Commission, exchange and brokerage
Commission on Bills for Collection 200.00 9,961.00
Commission on DD/TT/PO 28,250.00 7,964.00
Commission on Guarantee 6,500.00 1,600,411.00
Commission on L/C-Fcy 819,664.00 1,037,680.00
Commission on Export Bills - -
Miscellaneous Commission 37,322.50 17,760.00
Processing Fees 226,530.00 194,250.00
Discrepancy Charge 7,960.00 -
Exchange gain (note - 15.1)- including gain from FC dealings
Settlement fees / Brokerage - -
1,126,426.50 2,868,026.00
15.1 Exchange gain

Exchange gain - -
Less: Exchang loss - -
- -
16 Other operating income
Income from Courier, Postage, Stamp etc. - 1,000.00
Telegram Recoveries/Telex, Fax etc - -
Service & Incidental Charge - 225.00
Service Charge Other Credit - -
Application Fees 1,450.00 2,050.00
Processing Fees - -
Income from Tele,Telex & Fax SWIFT etc. - -
A/C closing charge 4,800.31 3,600.00
Cheque Book Charge - -
Solvency Cert./Proceed Real. Cert. 500.00 1,500.00
Account Maintanance & others 466,731.00 576,238.86
IBG income 25,076,178.00 22,138,340.22
25,549,659.31 22,722,954.08
331
Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
17 Salaries and allowances

Basic pay 14,614,360.29 15,792,584.51
Allowances 9,217,656.58 6,757,314.90
Bonus 2,872,924.00 2,932,742.00
Bank’s contribution to Pension fund 5,065,584.00 4,900,968.10
Bank’s contribution to provident fund 426,166.60 477,804.42
Gratuity Expense 1,084,921.20 1,128,583.27
Miscellaneous: Contractual Service- Security Guard 682,000.00 555,992.39
- 53,580.00
33,963,612.67 32,599,569.59
18 Rent, taxes, insurance, electricity, etc.

Rent, rate and taxes 2,044,486.00 1,842,442.03
Lease rent - -
Insurance - -
Power and electricity - -
2,044,486.00 1,842,442.03
19 Legal expenses
Legal expenses 131,610.00 185,873.75
Other professional charges - -
131,610.00 185,873.75
20 Postage, stamp, telecommunication, etc.
Postage 22,688.00 11,218.00
Telegram, telex, fax and e-mail 31,378.00 14,400.00
Data communication - -
54,066.00 25,618.00
21 Stationery, printing and advertisements, etc.
Office and security stationery 4,585.00 17,025.12
Computer consumable stationery 47,116.00 37,962.70
Stationaries- Table/Desk & Others 73,309.00 71,305.00
125,010.00 126,292.82
22 Charges on loan losses

Loan -written off - -
Interest waived - -
- -
23 Depreciation and repair of Bank’s assets 1,361,108.00 1,341,056.00

Depreciation
Fixed assets (Note 23.1) 219,365.00 238,575.00
Leased assets - -
219,365.00 238,575.00

Notes to the
Amount in Taka
31 Dec 2017 31 Dec 2016
23.1 Depriciatioin on Fixed Assets

Depriciation on Furniture And Fixture 129,452.00 129,177.00
Depriciation on Office Appliance/ Equipment 15,458.00 25,121.00
Depriciation on Computer 15,291.00 16,871.00
Depriciation on Electric material 59,164.00 67,406.00
219,365.00 238,575.00
24 Repairs & Maintanance

Building- Office Premises - -
Furniture and fixtures 52,965.00 31,282.00
Computer 79,635.00 75,954.00
Office equipment 12,208.00 -
Executives vehicles 972,000.00 960,000.00
1,141,743.00 1,102,481.00
25 Other expenses
Upkeep of Bank Premises 74,822.00 69,821.00
Entertainment 258,444.00 237,283.00
Books, magazines and newspapers, etc. 39,540.00 37,340.00
Medical expenses - -
Bank charges and commission paid - -
Loss on sale of assets - -
Finance charge for lease assets - -
Oil & Lubricants for Vehicles - -
Traveling expenses 73,668.00 103,642.00
Local conveyance, labor, etc. 84,405.00 72,198.00
Business development 69,152.00 42,657.00
Telephone 83,182.00 104,915.00
Remittance charges - -
Laundry, cleaning and photographs, etc. 3,600.00 13,030.00
Inter Branch ABBL General Account Profit Expenses and others 25,076,178.00 22,138,341.51
Islami Banking Unit Expense
Closing expenditure 57,000.00 56,000.00
25,819,991.00 22,875,227.51
26 Provision for investments & off -balance sheet exposure
Provision for bad and doubtful investments - -

Provision for unclassified investments - -
Provision for off-balance sheet exposure - -
Provision for other assets - -
- -
333
Agrani Bank Limited
Off-shore Banking Unit (OBU)
ANNEXURE - N
1 Status of the unit

Off-shore banking Unit (‘the Unit’) is a separate business unit of Agrani Bank Limited, (“the Bank”) governed under the
Rules and Guidelines of Bangladesh Bank. The Bank obtained the Off-shore banking unit (OBU) permission vide letter
No. BL/DA/5175/87 dated 07 March 1987. The bank commenced the operation of its Off-shore Banking Unit from 23
January 2014 and its office is located at EPZ Corporate Branch, Bay-Shopping Centre, Chittagong EPZ, Chittagong.
1.1 Principal activities:

The principal activities of the units are to provide all kinds of OBU related commercial banking services to its customers
through its Off-shore Banking Units in Bangladesh.
2. Significant accounting policies and basis of preparations
2.1 Basis of preparation

The financial statements are prepared on the basis of going concern and represent the financial performance and
financial position of the Off-shore Banking Unit (OBU). The financial statements of the OBU are prepared in accordance
with the Bank Companies Act 1991, in particular, banking regulation and Policy Department (BRPD) Circular No. 14 Dated
25 June 2003, other Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSs) and other rules and
regulations where necessary.
2.2 Foreign Currency

Items included in the financial statements of the Unit are measured using the currency of the primary economic
environment in which the entity operates (‘the functional currency’) . The Financial statements of the Unit are presented
in US Dollar (USD) and Taka where USD is the functional currency and Taka is the Unit’s presentation currency.
2.3 Loans and advances

a) Loans and advances are stated in the balance sheet on gross basis.
b) Interest is calculated on daily product basis, but charged and accounted for quarterly basis. Interest on classified
loans and advances / investments is kept in interest suspense account as per BRPD circular no. 16 of 1998, 9 of 2001
and 10 of 2005 and recognized as income on realization. Interest is not charged on bad and loss loans and advances /
investments as per guidelines of Bangladesh Bank. Records of such interest amounts are kept in separate memorandum
accounts.
c) Provision has been made as per BRPD circular no. 16 dated 18 November 2014, BRPD circular 14 dated 23 September
2012, BRPD Circular no. 19 dated 27 December 2012, BRPD Circular no. 16 dated 18 November 2014 and BRPD Circular
no. 05 dated 29 May 2013.
2.4 Reporting period

These financial statements cover from January 01 2017 to December 31 2017.
2.5 Fixed assets and depreciation

a) Fixed assets are stated at cost of acquisition/valuation.
b) Depreciation is charged for the year at the following rates on reducing balance method on all fixed assets.
Category of Fixed assets Rate

Furniture and fixtures 10%
Office equipment 20%
2.6 General:
Assets and liabilities have been translated into Taka currency @ USD 1= BDT 82.70 (2017: BDT 82.70). Income and
expenses are translated at an average rate @ USD 1 = BDT 82.70 (2017: BDT 82.70). Assets and liabilities and Income and
expenses of Conventional Banking have been translated into Taka currency @ USD 1 = BDT 82.70.

Offshore Banking Unit
Balance sheet
ANNEXURE - N.1
2017 2016
Notes
USD Taka USD Taka
PROPERTY AND ASSETS
Cash in hand 1 - - - -
Cash in hand (including foreign currencies) - - - -
Balance with Bangladesh Bank and its agent Banks (including
- - - -
foreign currencies)
Balance with other banks and financial institutions 2 - - - -

In Bangladesh - - - -
Outside Bangladesh - - - -
Investments 3 338,151 27,965,111 355,328 27,965,111

Governments
Others 338,151 27,965,111 355,328 27,965,111
Loans & Advances 4 32,703,154 2,704,550,848 13,524,952 1,064,443,436

Loans, cash credit & overdraft etc. 4.1 32,703,154 2,704,550,848 13,524,952 1,064,443,436
Bills purchased and discounted 4.2 - - - -
Fixed assets including premises 5 1,811 149,750 - -

Other assets
Non-banking assets - - - -
Total assets 33,043,116 2,732,665,709 13,880,280 1,092,408,547
LIABILITIES AND CAPITAL

LIABILITIES
Borrowing 6 33,043,116 2,732,665,709 13,880,280 1,092,408,547
Deposits and other accounts - - - -
Other Liabilities - - - -
Total liabilities 33,043,116 2,732,665,709 13,880,280 1,092,408,547
Capital/Shareholders’ equity
Paid up capital - - - -
Foreign currency translation difference - - - -
Surplus in profit and loss account/retained earning - - - -
Total shareholders’ equity - - - -
Total liabilities and shareholders’ equity 33,043,116 2,732,665,709 13,880,280 1,092,408,547
OFF-BALANCE SHEET EXPOSURES

Contingent Liabilities
Acceptances and endorsements - - - -
Letters of guarantee - - - -
Irrevocable letters of credit - - - -
Bills for collection - - - -
Profit paid on deposits: - - - -
Total off-balance sheet items including contingent liabilities - - - -
335
Profit & loss account
for the year ended 31 December 2017
ANNEXURE - N.2
2017 2016
Notes
USD Taka USD Taka
Operating Income
Interest income 7 757,171 62,618,020 393,132 30,940,351
Interest paid on deposits and borrowing 8 (88,827) (7,345,973) (153,793) (12,103,862)
Net interest income 668,344 55,272,047 239,339 18,836,489
Commission, exchange and brokerage 9 362,090 29,944,806 151,627 151,627
Other operating income 10 28,003 2,315,827 - -
Total operating income (A) 1,058,437 87,532,680 390,966 18,988,116
Operating expenses
Salaries and allowances 11 38,335 3,170,322 - -
Postage, stamp, telecommunication etc. 12 251 20,780 - -
Stationery, printing, advertisements. etc. 13 480 39,655 - -
Auditors’ fees - - - -
Depreciation of Bank’s assets 14 312 25,835 - -
Total operating expenses(B) 39,378 3,256,592 - -
Profit/(loss) before provision (A-B)=( C ) 1,019,058 84,276,088 390,966 18,988,116
Specific Provision - - - -
General provision - - - -
Provision for off-balance sheet exposures - - - -
Provision for diminution in value of investments - - - -
Other provisions - - - -
Total Provision (D) - - - -
Total profit before taxes (C-D) 1,019,058 84,276,088 390,966 18,988,116
Provision for income tax - - - -
Net profit/(loss) after Tax 1,019,058 84,276,088 390,966 18,988,116
Balance of profit brought forward from previous year - - - -
Surplus in profit and loss account carried forward 1,019,058 84,276,088 390,966 18,988,116

for the year ended 31 December 2017 and 2016
ANNEXURE - N.3
2017 2016
Notes
USD Taka USD Taka
3 Investments 338,151 27,965,111 355,328 27,965,111
Invest in Agrani Remittance House, Canada Inc. 338,151 27,965,111 355,328 27,965,111
Others - - - -
4 Loans & Advances 32,703,154 2,704,550,848 13,524,952 1,064,443,436
Loans, cash credit & overdraft etc. (Note-4.1) 32,703,154 2,704,550,848 13,524,952 1,064,443,436
Bills purchased and discounted (Note-4.2) - - - -
4.1 Loans, cash credit & overdraft etc. 32,703,154 2,704,550,848 13,524,952 1,064,443,436
Loans, cash credit & overdraft etc. 32,703,154 2,704,550,848 13,524,952 1,064,443,436
Others - - - -
4.2 Bills purchased and discounted - - - -
- - - -
- - - -
5 Fixed assets including premises 1,811 149,750 - -
Furniture & Fixture 498 41,150 - -
Computer 1,313 108,600 - -
Office Equipment - - - -
6 Borrowing 33,043,116 2,732,665,709 13,880,280 1,092,408,547
Own institution/Mother Bank 12,834,120 1,061,381,800 13,880,280 1,092,408,547
Foreign Bank (SCB, Singapore) 20,207,185 1,671,134,159 - -
Own institution (for Furniture & Fixture) 1,811 149,750 - -
7 Interest income 757,171 62,618,020 393,132 30,940,351
Interest on Loans, cash credit & overdraft etc. 757,171 62,618,020 393,132 30,940,351
Others - - - -
8 Interest paid on deposits and borrowing 88,827 7,345,973 153,793 12,103,862
Interest paid for borrowings 88,827 7,345,973 153,793 12,103,862
Others - - - -
337
for the year ended 31 December 2017 and 2016
2017 2016
Notes
USD Taka USD Taka
9 Commission, Exchange and brokerage 362,090 29,944,806 151,627 151,627
Exchange earnings 362,090 29,944,806 151,627 151,627
Others - - - -
10 Other operating income 28,003 2,315,827 - -
Loan Processing Fee 27,807 2,299,627 - -
SWIFT Charge 196 16,200 - -
Others - - - -
11 Salaries and allowances 38,335 3,170,322 - -
Basic pay 18,312 1,514,440 - -
House allowance 8,596 710,878 - -
Medical allowance 816 67,500 - -
Bonus 3,501 289,564 - -
Bank’s contribution to provident fund 1,831 151,444 - -
Gratuity expense 3,682 304,496 - -
Lunch subsidy 1,596 132,000 - -
12 Postage, stamp, telecommunication etc. 251 20,780 - -
Postages 227 18,780 - -
Telephone Charges 24 2,000 - -
Others - - - -
13 Stationery, printing, advertisements. etc. 480 39,655 - -
Security Stationery 6 500 - -
Printing Stationary 242 20,000 - -
Paper & Table Stationary 232 19,155 - -
14 Depreciation of Bank’s assets 312 25,835 - -
Furniture & Fixture 50 4,115 - -
Computer 263 21,720 - -
Office Equipment - - - -

Auditor’s Report
& Audited Financial Statement
Auditors’ Report
to the Shareholders of Agrani Equity & Investment Limited
We have audited the accompanying Financial Statements of Agrani Equity & Investment Limited which comprise the statement of Financial
Position as at 31 December 2017 and the related Statement of Comprehensive Income and Statement of Cash Flows for the year then ended
and a summary of significant accounting policies and other explanatory notes thereto.
Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with Bangladesh Accounting
Standards (BASs) and Bangladesh Financial Reporting Standards (BFRSs), the Companies Act 1994 and other applicable laws and regulations
and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with
Bangladesh Standards on Auditing (BSAs). Those standards require that we comply with ethical requirements and plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The
procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Opinion:
In our opinion, the financial statements prepared in accordance with Bangladesh Financial Reporting Standards (BFRSs), give a true and fair
view of the state of the Company’s affairs as at 31 December 2017 and the results of its operations and cash flows for the year then ended and
comply with the Company Act 1994, and other applicable laws and regulations.
We also report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of
our audit and made due verification thereof;
b) in our opinion, proper books of account as required by law have been kept by the company so far as it appeared from our examination of
those books;
c) the company’s financial position and statement of comprehensive income dealt with the report are in agreement with the books of
account and Statement of Comprehensive Income; and
d) All the expenditure were incurred for the purpose of the company.
Aziz Halim Khair Choudhury Syful Shamsul Alam & Co.

Dhaka
Date: 22 February 2018

Statement of Financial Position
Amount in Taka
31 Dec 2017 31 Dec 2016
ASSETS
Non-Current Assets:
Property, Plant and Equipments 3,039,955 3,855,049
Intangible Assets 3 19,838
Total non-current asset 3,039,958 3,874,887
Current Assets:
Investment in Shares & Securities 6,778,821,411 7,028,622,996

Margin Loan 581,724,147 526,197,207
Accounts Receivable 36,637,830 72,412,746
Advance Income Tax 50,839,352 34,409,724
Dividend Receivable 18,409,090 14,799,802
Advance, Deposit & Prepayment 1,661,400 1,006,000
Other Current Assets 400,000 200,070
Cash and Cash Equivalents 5,129,177 2,682,043
Total Current Assets 7,473,622,405 7,680,330,587
Total Assets 7,476,662,364 7,684,205,474
Equity and Liabilities
Equity and Liabilities:

Shareholders' Equity:
Share Capital 4,000,000,000 4,000,000,000
Retained Earnings (550,832,881) (737,684,430)
Total Shareholder's Equity 3,449,167,119 3,262,315,570
Current Liabilities:
Accounts Payable 7,518,839 28,498,907
Advance and Security Deposits 8,198,118 6,422,579
Bank Overdraft 2,220,661,586 2,794,534,855
Other Liabilities 1,791,116,702 1,592,433,564
Total Current Liabilities 4,027,495,246 4,421,889,904
Total Equity & Liabilities 7,476,662,364 7,684,205,474
Md. Rezwanul Hoque (Mohammad Shams-Ul Islam) Dr. Zaid Bakht

CEO Director Chairman

Dhaka
341
Statement of Comprehensive Income
Amount in Taka
31 Dec 2017 31 Dec 2016
Income :
Fees & Commissions 4,853,987 3,134,720
Capital Gain on Investment in Share 382,760,345 115,503,351
Income From Margin Loan 3,360,320 1,859,693
Dividend Income 132,090,342 148,446,974
Other Operational Income 497,842 691,364
Total Income 523,562,835 269,636,101
Expenditure :
Administrative Expenses 22,556,305 21,256,248
Operating Expense 971,407 647,131
Financial Expenses 146,940,134 146,089,701
Total Expenditure 170,467,846 167,993,079
Net Profit/(Loss) Before Tax 353,094,989 101,643,022
Provision for Margin Loan - -

Provision for Unrealized Loss on Security 100,000,000 -
Provision For Tax 66,243,440 41,239,730
Net Profit After Tax 186,851,549 60,403,292
Earnings Per Share (EPS) 4.67 1.51


Dhaka

Statement of Cash Flows
Amount in Taka
31 Dec 2017 31 Dec 2016
A. Cash flow from operating activities

Received from fees & commission 4,853,987 3,134,720
Profit received on margin loan 3,360,320 1,859,693
Dividend income 128,481,054 106,953,076
Other income received 497,842 622,633
Administrative expenses (21,649,113) (14,859,072)
Payment for CDBL expenses (891,007) (575,931)
Bidding Fee for Book Building Method (10,000) -
Interest paid on bank overdraft (146,867,434) (146,041,545)
Bank charge paid (72,700) (48,156)
Advance Income Tax Paid (49,987,753) (4,130,000)
Income tax paid (9,230,941) (7,164,586)
sale of placement share 20,000,000 -
Receipt from sale of investment in shares 3,654,805,384 1,866,613,000
Payment made for investment in shares (3,008,434,164) (1,961,511,066)
Investment in margin loan 1,247,247 11,136,917
Advance rent against office premises - (1,000,000)
Advance against Book Building Method (1,255,400) -
suspense Account (other) (199,930) -
Net receipt of security deposit 1,775,540 1,370,934
Net cash provided by/(used in) Operating activities 576,422,932 (143,639,383)
B. Cash Flow From Investing Activities
Property plant and equipment (102,528) (353,638)

Net cash provided by/(used in) Investing activities (102,528) (353,638)
C. Cash flow from financing activities

Bank Overdraft (573,873,269) 146,039,892
Net cash provided by/(used in) Financing activities (573,873,269) 146,039,892
Net cash Inflow/(Outflow) [A+B+C] 2,447,135 2,046,871
Opening cash and cash equivalents 2,682,043 635,171
Closing cash and cash equivalents 5,129,177 2,682,043

Dhaka
343
Amount in Taka
Share Capital Retained Earnings Total Equity
Balance as at 01 January 2017 4,000,000,000 (737,684,430) 3,262,315,570

Prior year Adjustment - - -
Net Profit/(Loss) during the year 2017 - 186,851,549 186,851,549
Balance as at 31 December 2017 4,000,000,000 (550,832,881) 3,449,167,119
“Balance as at 01 January 2016 4,000,000,000 (798,345,366) 3,201,654,634

Increase Share Capital - 257,644 257,644
Net Profit/(Loss) During the year 2015 - 60,403,292 60,403,292
Balance as at 31 December 2016 4,000,000,000 (737,684,430) 3,262,315,570

Dhaka

Statement of Liquidity
Amount in Taka
Particular Upto 1 month 1-3 months 3-12 months 1-5 years More than 5 years Total
Assets:
Cash in Hand - - - - - -
Balance with other Banks and Financial Institutions 5,129,177 - - - - 5,129,177
Money at Call and Short Notice - - - - - -
Investments 6,758,821,411 - - 20,000,000 - 6,778,821,411
Loans and Advances 299,277,780 - - 282,446,367 - 581,724,147
Fixed Assets Including Land, Furniture and Fixtures - - - - 3,039,958 3,039,958
Other Assets 89,338,581 18,409,090 - - 200,000 107,947,671
Non-Banking Assets - - - - - -
Total Assets 7,152,566,949 18,409,090 - 302,446,367 3,239,958 7,476,662,364
Liabilities:
Borrowing from Banks - - 2,220,661,586 - - 2,220,661,586
Deposits and other Accounts 8,198,118 - - - - 8,198,118
Provision and other Liabilities 21,927,486 - 64,694,103 473,563 1,711,540,389 1,798,635,541
Total Liabilities 30,125,604 - 2,285,355,689 473,563 1,711,540,389 4,027,495,245
Net Liquidity Gap 7,122,441,344 18,409,090 (2,285,355,689) 301,972,804 (1,708,300,431) 3,449,167,119

Dhaka
345
Agrani SME Financing Limited
Auditor’s Report
347
Independent Auditor’s Report
To the shareholders of Agrani SME Financing Company Limited
Report on the Financial Statements

We have audited the accompanying financial statements of Agrani SME Financing Company Limited (“the Company”), which
comprise balance sheet as at 31st December 2017, and profit and loss account and statement of changes in equity and
statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory
information.
Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Bangladesh Financial Reporting Standards (BFRSs); the Financial Institution Act, 1993; the rules and regulations issued by
Bangladesh Bank; the Companies Act, 1994; Securities and Exchange Commission’s Rules and other applicable laws and
regulations; and for such internal control as management determines is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Bangladesh Standards on Auditing (BSAs). Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of Agrani SME Financing
Company Limited as at December 31, 2017 and its financial performance and its cash flows for the year then ended in
accordance with the Bangladesh Financial Reporting Standards (BFRSs), the Financial Institution Act, 1993; Securities and
Exchange Commission Rules; the rules and regulations issued by Bangladesh Bank; the Companies Act, 1994; and other
applicable laws and regulations.
Emphasis of Matter
Without modifying our audit opinion, we draw attention to the following matters:
1. As disclosed in note 2.11 to the financial statements, the management has explained the reasons for non-adjustment of the
opening balances.
2. As disclosed note in 7.1.1 the company has transferred Tk. 36,306,573 (Note 7.11) referring to the Bangladesh Bank letter ref:
FIID/I-14/ 2017-474, dated: 04 May 2017. The disclosures mentioned in the note has explained the reasons for transferring
Tk. 36,306,573 from provision for loans and advances to loan risk/ loan risk coverage fund.
Other Matter
The financial statements of Agrani SME Financing Company Ltd., for the year ended 31 December 2016, were audited by Hussain
Farhad & Co., who expressed Modified opinion due to contravention of the Bangladesh Accounting Standard 01, paragraph 27
where it states that financial statements shall be prepared using the accrual basis of accounting except for cash flows.
Report on Other Legal and Regulatory Requirements

In accordance with the Companies Act, 1994; and the Securities and Exchange Rules, 1987; we also report the following:
a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit and made due verification thereof;
b) in our opinion, proper books of account as required by law have been kept by the Company so far as it appeared from our

examination of those books;
c) the statement of financial position, and the statement of profit and loss and other comprehensive income dealt with by the
report are in agreement with the books of account and returns;
d) the balance sheet and profit and loss account of the Company together with the annexed notes from 1 to 20 dealt with by
the report are in agreement with the books of account and returns;
e) the expenditure incurred was for the purposes of the Company’s business;
f) the financial position of the Company as at 31 December 2017 and their profit for the year then ended have been properly
reflected in the financial statements of the Company and these financial statements have been prepared in accordance with
the generally accepted accounting principles;
g) the Financial Statements of the Company have been drawn up in conformity with the Financial Institutions Act 1993 and
in accordance with the accounting rules and regulations issued by the Bangladesh Bank to the extent applicable to the
Company;
h) adequate provision have been made for loans and advances and other assets which are, in our opinion, doubtful of
recovery;
i) the records and the statements submitted by the branches have been properly maintained in the financial statements;
j) the information and explanations required by us have been received and found satisfactory;
k) the Company has complied with the relevant laws pertaining to maintenance of capital adequacy, reserves and liquid
assets; and
l) the Financial Statements conform to the prescribed standards set in the accounting regulations issued by the Bangladesh
Bank after consultation with the professional accounting bodies of Bangladesh. ation with the professional accounting
bodies of Bangladesh.
Dhaka Hussain Farhad & Co.

Date : 27 March 2018 Chartered Accountants
349
Balance Sheet
Amount in Taka
31 Dec 2017 31 Dec 2016
Property and Assets
Cash and Cash Equivalents: 367,810,800 592,572,257

Cash 6,808,655 5,261,698
In hand 83,375 61,698
Balance with Bangladesh Bank and its agent bank 6,725,280 5,200,000
Balance with other Banks and Financial Institutions 361,002,145 587,310,559

Money at Call and Short Notice - -
Investments - -
Loans and Advances: 1,079,318,480 787,859,282
Loans, cash credit and overdraft etc. 1,079,318,480 787,859,282
Bill discounted and purchased - -
Fixed Assets including Premises, Furniture and Fixtures 12,139,584 16,948,290
Other Assets: 61,250,053 65,064,083
Non-financial Institution Assets - -
Total Assets 1,520,518,917 1,462,443,912
Liabilities:
Borrowings from other Banks, Financial Institutions and agents - -
Deposit and Other Accounts: - -
Other Liabilities 273,130,100 236,726,541
Total Liabilities 273,130,100 236,726,541
Shareholders' Equity /Capital:

Share Capital 1,000,000,000 1,000,000,000
Statutory Reserve 38,978,313 34,644,024
General Reserve 54,731,264 54,731,264
Retained Earnings 153,679,204 136,342,084
Off Balance Sheet Items:

Contingent liabilities - -
Letters of guarantee - -
Irrevocable letters of credit - -
Indemnity bond - -
Other commitments
Undisbursed contracted loans - -
Total Off-Balance Sheet Items - -
Net Asset Value Per Share 124.74 122.57
Head of Accounts Chief Financial Officer Managing Director & CEO Director Chairman
Signed in terms of our separate report of even date

27 March 2018 Chartered Accountants

Amount in Taka
31 Dec 2017 31 Dec 2016
Operating Income:
Interest income 155,262,361 133,801,379
Interest paid on deposits, borrowings etc. - -
Net Interest Income: 155,262,361 133,801,379
Other operating income 3,170,435 1,861,219
Total Operating Income (A) 158,432,796 135,662,598
Operating Expenses:
Salaries and allowances 89,154,974 77,242,131
Rent, taxes, insurance, electricity etc. 5,697,339 6,594,377
Postage, stamp, telecommunication etc. 321,325 301,263
Legal expenses 20,375 711,817
Stationery, printing, advertisement etc. 1,116,997 2,126,153
Chief Executive Officer's salary and allowances 1,290,000 1,698,387
Directors' fees 560,000 392,000
Auditors' fees 165,600 165,600
Depreciation of assets 4,896,507 5,181,029
Other expenses 9,124,378 10,958,379
Total Operating Expenses (B) 112,347,495 105,371,136
Profit/(Loss) before Amortization, Provision & Tax (C)=(A-B) 46,085,301 30,291,462
Provision for loans and advances - -
Provision for incentive bonus 8,500,000 10,000,000
Provision for other assets - -
Total Provision (D) 8,500,000 10,000,000
Net Profit/(Loss) Before Tax (E)= (C-D) 37,585,302 20,291,462

Provision for Tax :
Current tax 16,455,977 2,543,988
Prior tax 265,271 8,635,835
Deferred tax (807,392) (574,784)
15,913,857 10,605,039
Net profit/(loss) after tax 21,671,445 9,686,423
Appropriations
Transferred to statutory reserve 4,334,289 1,937285
Transferred to general reserve - -
4,334,289 1,937,285
Retained Surplus 17,337,156 7,749,139
Earnings Per Share (EPS) 1.73 0.77

351
Statement of Cash Flows
Amount in Taka
31 Dec 2017 31 Dec 2016

Interest receipts in cash 154,872,358 151,525,413
Interest payments - -
Cash payment to employees (89,154,974) (79,532,958)
Cash receipts from other activities 3,170,435 1,861,219
Receipts from other operating activities - -
Payments for other operating activities (23,322,521) (20,716,615)
Income Tax Paid (11,706,032) (35,545,497)
Operating profit /(loss) before changing operating assets and liabilities 33,859,266 17,591,562
(Increase) / decrease in operating assets

Loan to customers (733,080,500) (536,124,256)
Receivable form Agrani Bank Ltd. - -
(733,080,500) (536,124,256)
Increase/(decrease) in operating liabilities
Deposit from customers - -
Other liabilities 36,403,558 38,874,037
Loan recovered from customers 438,208,027 336,556,008
474,611,586 375,430,045
Net cash from operating activities (A) (224,609,649) (143,102,649)

Other Asset (64,008) 61,858
Sales/(Purchase) of properties, plant & equipment (87,801) (1,528,875)
Net cash from investing activities (B) (151,809) (1,467,017)

Payment of long term borrowings - -
Share money received during the period - -
Net cash from financing activities (C) - -
Net increase in cash and cash equivalents (A+B+C) (224,761,458) (144,569,666)
Cash and cash equivalents at the beginning of the year 592,572,257 737,141,923
Cash and cash equivalents at the end of the year 367,810,799 592,572,257


Amount in Taka
Revaluation
Reserve on Statutory General Retained
Particulars Paid up Capital Total
Government Reserve Reserve Earnings
Securities
Opening Balance as at 01 January 2017 1,000,000,000 - 34,644,024 54,731,264 136,342,084 1,225,717,372
Prior Year Adjustments - - - - - -
Adjustment of advance tax - - - - - -
Restated balance 1,000,000,000 - 34,644,024 54,731,264 136,342,084 1,225,717,372
General reserve - - - - -
Surplus/deficit on account of revaluation of properties - - - - - -
Bonus share issue - - - - - -
Issue right share - - - - - -
Net profit for the year ended 31 December 2017 - - - - 21,671,445 21,671,445
Statutory reserve - - - - - -
Total Balance as at 31 December 2017 1,000,000,000 - 34,644,024 54,731,264 158,013,529 1,247,388,817


353
354
Liquidity Statement
Amount in Taka
Annual Report 2017

Particulars Not more than 1 month 1-3 months 3-12 months 1-5 years Above 5 years Total
Assets
Cash in hand (including balance with Bangladesh Bank) 6,808,655 - - - - 6,808,655
Balance with other banks and financial institutions 90,312,533 7,052,691 263,636,921 - - 361,002,145
Money at call and short notice - - - - - -
Investments - - - - - -
Loans, advances and leases 67,491,932 138,288,429 353,388,065 520,150,054 - 1,079,318,480
Fixed assets - - - - 12,139,584 12,139,584
Other assets - - 52,087,439 8,630,733 531,881 61,250,053
Total assets 164,613,120 145,341,120 669,112,425 528,780,787 12,671,465 1,520,518,917
Liabilities 1,520,518,917
- - - - - - -
- - - - - - -
- - 89,451,627 62,994,790 120,683,683 273,130,100 273,130,100
Total liabilities - - 89,451,627 62,994,790 120,683,683 273,130,100
Net Liquidity Gap 2017 164,613,120 145,341,120 579,660,798 465,785,997 (108,012,218) 1,247,388,817
Net Liquidity Gap 2016 521,169,650 163,462,125 308,084,428 305,082,453 (72,081,284) 1,225,717,372
Agrani Exchange House Private Limited, Singapore
Auditor’s Report
355
357
359
361
363
Agrani Remittance House SDN. BHD., Malaysia
Auditor’s Report
365
367
369
371
373
375
377
379
Agrani Remittance House Canada Inc.
Auditor’s Report
383
385
Auditor’s Report
389
391
Head Office Divisions
Head Office Divisions

Credit Policy and Credit Risk Management Division
Industrial Credit Division
Rural Credit Division
SME Credit Division
Recovery and NPA Management Division
Information Technology and MIS Division
Establishment and Engineering Division
Procurement and Common Service Division
Planning Co-Ordination and Marketing Division
Branch and Subsidiaries Unit Control Division
Treasury Division
HR Planning Deployment and Operations Division
HR Discipline Grievances and Appeal Division
HR Training Research and Development Division
Vigilance Division
Company Affairs and Board Division
International Trade and Foreign Currency Management Division
Foreign Remittance Division
Law Division
Central Accounts Division
Reconciliation Division
Public Relations Division
Risk Management Division
Audit Monitoring Division
Audit Compliance (Internal) Division
Audit Compliance (External) Division
Sustainable Finance Division (Green Banking Division)
Card Division
Special Study Cell

Name and Address of Circle Offices
Name and Address of Circle Offices

Dhaka Circle 1
Sun Moon Star Tower (12th Floor)
25/A Dilkusha C/A, Dhaka-1000
Dhaka Circle 2
Sun Moon Star Tower (12th Floor)
25/A Dilkusha C/A, Dhaka-1000
Chittagong Circle
Kaderi Chamber
37 Agrabad, Chittagong
Khulna Circle
Shilpa Bank Bhaban (4th Floor)
KDA Avenue, Khulna
Rajshahi Circle
Luxmipur
Rajshahi
Barisal Circle
Agrani Bank Bhaban
Sadar Road, Barisal
Sylhet Circle
28/A Bihongo
Kazitola, Sylhet
Rangpur Circle
Central Road, Rangpur
Comilla Circle
Engineering Institutions Market
Tomsom Bridge, Laksham Road Comilla
Mymensingh Circle
Choto Bazar, Mymensingh
Faridpur
Chawk Bazar, Faridpur
393
Name of Zonal Offices with
Number of Branches under Control
No. of No. of
Sl Branches Sl Branches
Name of Zones Name of Zones
No. under No. under
control control
1 Bagerhat 14 28 Kishoregonj 12
2 Barisal 24 29 Kurigram 11
3 Bhola 10 30 Kushtia 21
4 Bogra 30 31 Laxmipur 15
5 Brahmanbaria 15 32 Madaripur 11
6 Chandpur 21 33 Manikgonj 12
7 Chapai Nawabgonj 13 34 Moulvibazar 18
8 Chittagong Central 22 35 Munshigonj 14
9 Chittagong North 24 36 Mymensingh 18
10 Chittagong South 26 37 Narayangonj 11
11 Chuadanga 15 38 Narsingdi 11
12 Comilla 33 39 Natore 14
13 Dhaka East 20 40 Netrokona 11
14 Dhaka North 17 41 Naogaon 12
15 Dhaka South 20 42 Noakhali 14
16 Dhaka West 18 43 Pabna 26
17 Dinajpur 17 44 Patuakhali 19
18 Faridpur 19 45 Pirojpur 7
19 Feni 14 46 Rajshahi 18
20 Gaibandha 11 47 Rangpur 16
21 Gazipur 18 48 Satkhira 10
22 Gopalgonj 13 49 Sirajgonj 20
23 Jamalpur 22 50 Sylhet East 19
24 Jessore 29 51 Sylhet West 21
25 Jhenaidah 18 52 Tangail 24
26 Joypurhat 9 53 Thakurgaon 10
27 Khulna 28
Sub - Total 915
Corporate Branches 28
Total 943

Name and Addres ofs
Corporate Branches
Sl Sl
Name & Address Name & Address
No. No.
1 Principal Branch 15 Banani Corporate Branch
9/D Dilkusha C/A, Motijheel, Dhaka 1000 Banani, Dhaka
2 Amin Court Corporate Branch 16 B. WAPDA Corporate Branch

62/63 Motijheel C/A, Dhaka 1000 Ellal Chamber, Motijheel C/A, Dhaka 1000
3 Ramna Corporate Branch 17 Dhaka Sheraton Hotel Corporate Branch

18 Bangabandhu Avenue, Dhaka 1000 Sheraton Hotel, Dhaka 1000
4 Foreign Exchange Corporate Branch 18 Green Road Corporate Branch

1/B DIT Avenue, Motjheel, Dhaka 1000 28 Green Road, Dhaka 1205
5 Bangabandhu Avenue Corporate Branch 19 Moulavibazar Corporate Branch

32 Bangabandhu Avenue, Dhaka 1000 144 Mitford Road, Dhaka
6 Purana Paltan Corporate Branch 20 Nawabpur Road Corporate Branch

56 Purana Paltan, Dhaka 1000 243-244 Nawabpur Road, Dhaka
7 Laldighi East Corporate Branch 21 Sadarghat Corporate Branch

1012-1013 Laldighi East, Chittagong 4100 3/7 Johnson Road, Sadarghat,Dhaka
8 Commercial Area Corporate Branch 22 Tejgaon Industrial Area Corporate Branch

28 Sayada Court, Agrabad C/A 315/A, Tejgaon I/A
Chittagong 4100 Dhaka 1215
9 Agrabad Jahan Building Corporate Branch 23 Clay Road Corporate Branch
Jahan Building, 24 Agrabad C/A Clay Road, Khulna 9100
Chittagong 4100
10 Sir Iqbal Road Corporate Branch 24 Bangabandhu Road Corporate Branch

25 Sir Iqbal Road, Khulna 9100 Bangabandhu Road, Narayanganj 1400
11 Asadgonj Corporate Branch 25 Shaheb Bazar Corporate Branch

Haji Amir Ali Chowdhury Road Shaheb Bazar, Boalia
Asadganj, Chittagong 4000 Rajshahi 6100
12 EPZ Corporate Branch 26 Laldighirpar Corporate Branch

CEPZ Area, Chittagong 4100 Laldighirpar, Sylhet 3100
13 New Market Corporate Branch 27 WASA Corporate Branch

886/904 H. S. Suhrawardy Road WASA Bhaban
Chittagong 4000 98 Kazi Nazrul Islam Avenue
Kawran Bazar, Dhaka 1215
Strand Road Corporate Branch Gulshan Corporate Branch

14 28
15 Strand Road, Chittagong 4100 Gulshan-1, Dhaka
395
Name and Addres ofs
Authorised Dealer Branches
Sl No. Name & Address Phone Cable Address
1 Chawk Bazar Branch (0431) 64082 AGRANI BANK LTD., BARISAL

21 Chawk Bazar, Barisal 8200 Fx 62426 BANGLADESH
2 Thana Road Branch (051) 66564 AGRANI BANK LTD., BOGRA

Thana Road, Bogra 5800 Fx 65012 BANGLADESH
3 Agrabad Jahan Building Corporate Branch (031) 716370 COMAGRANI

24, Agrabad C/A Fx 710152 CHITTAGONG
Chittagong 4100 TLX NO. 633020 ABJBC-BJ
4 Asadgonj Corporate Branch (031) 637728 ASADAGRANI

Haji Amir Ali Chowdhury Road 631083 CHITTAGONG
Asadgonj, Chittagong 4000 Fx 618507 TLX NO. 633161 AGASD-BJ
5 EPZ Corporate Branch (031) 800421 AGRANI BANK LTD., BAY SHOPING, CTG
CEPZ Area, Chittagong 4100 Fx 740926 TLX NO. 66235 ABCG-Bj
6 Commercial Area Corporate Branch (031) 716225 AGRAAGRANI

28 Sayada Court 2521220 CHITTAGONG
Agrabad C/A, Chittagong 4100 Fx 716225 TLX NO. 633079 BCCA-BJ
AGBKBDDH 015
7 Cox’s Bazar Branch Ph/Fx (0341) 63259 AGRANI BANK LTD., COX’S BAZAR
Cox’s Bazar 4800 BANGLADESH
8 Laldighi East Corporate Branch (031) 611373 AGRANI BANK LTD., CHITTAGONG
1012-1013 Laldighi East 610133, 611373 BANGLADESH
Chittagong 4100 630803-4 TLX NO. 66215 ABCG-BJ
Fx 610133 SWIFT: AGBKBDDH 017
9 New Market Corporate Branch (031) 611525 NEWAGRANI, CHITTAGONG
886/904 H. S. Suhrawardy Road Fx 635561 Tel: 611525
Chittagong 400 Fx 88-031-745926
10 Strand Road Corporate Branch (031) 631724 SALTAGRANI, CHITTAGONG

15 Strand Road 716113
Chittagong 4100
11 Rajganj Branch (081) 76022 AGRANI BANK LTD., COMILLA

Rajganj, Comilla 3500 BANGLADESH
12 Amin Court Corporate Branch (02) 9550967 DILAGRANI, DHAKA

62/63 Motijheel C/A 955141 TLX NO. 632400 ABACD-BJ
Dhaka FX 9572045 SWIFT: AGBKBDDH 004
13 Banani Corporate Branch 8816279 BANANI-AGRANI

Banani, Dhaka DHAKA
14 Bangabandhu Avenue Corporate Branch (02) 9553242 AVENUE AGRANI, DHAKA

32 Bangabandhu Avenue, Dhaka 9555651 TLX NO. 642160 ABRD-BJ
9555642

Name and Addres ofs
15 B. WAPDA Corporate Branch (02) 9554157 WAPDAAGRANI, DHAKA

Ellal Chamber 9554283 TLX NO. 632549 ABD-BJ
Motijheel C/A, Dhaka 1000
16 Dhaka Sheraton Hotel Corporate Branch 8330130, 8330131 INTERAGRANI, DHAKA
Sheraton Hotel, Dhaka Tel/Fax 9348753
17 Foreign Exchange Corporate Branch (02) 7176449 FEAGRANI, DHAKA

1/B DIT Avenue, Motjheel 7176449, 9552319 TEL NO. 642501 ABFED-BJ
Dhaka 1000 9553602 SWIFT: AGBKBDDH 006
FAX 9567185
18 Green Road Corporate Branch (02) 8613679 GREENAGRANI, DHAKA
28 Green Road, Dhaka 1205 8631372 TEL NO. 842757 ABD-BJ
19 Moulavibazar Corporate Branch (02) 7314426 JOYAGRANI DHAKA

144 Mitford Road, Dhaka 7313424 TEL NO. 671260 ABM-BJ
SWIFT: AGBKBDDH 003
20 Nawabpur Road Corporate Branch (02) 9562679 NAWAGRANI, DHAKA

243-244 Nawabpur Road, Dhaka TEL NO. 632550 ABD-BJ
21 Principal Branch (02) 956077 JHEELAGRANI, DHAKA

9/D Dilkusha C/A 9561556 TEL NO. 642757 ABD-BJ
Motijheel, Dhaka 1000 9554497 632549 ABD-BJ
9553064 SWIFT: AGBKBDDH 001
22 Purana Paltan Corporate Branch (02) 9560011 9561049 PURANAGRANI, DHAKA
56 Purana Paltan, Dhaka 1000 9564769 TLX 632550 ABD-BJ
23 Ramna Corporate Branch (02) 7160070 GULAGRANI, DHAKA

18 Bangabandhu Avenue 9568744 TLX NO. 642160 ABRD-BJ
Dhaka 1000 9563086-88 SWIFT: AGBKBDDH 005
Fax 9554040
24 Sadarghat Corporate Branch (02) 7118594 SADARAGRANI, DHAKA
3/7 Johnson Road, Sadarghat, Dhaka 7123349 TLX NO. 671260 ABD-BJ
25 Tejgaon Industrial Area Corporate Branch (02) 9887426 TEJAGRANI, DHAKA

315/A, Tejgaon I/A, Dhaka 1215 9887858 TLX NO. 642757 ABD-BJ
26 Maldahpatty Branch (0531) 63306 AGRANI BANK LTD. Dinajpur

Dinajpur 5200 63102 TLX NO. 671524 ABDJP-BJ
27 Hakimpur Branch 05329-75351 HAKIM AGRANI

Bangla Hili, Dinajpur Hakimpur Branch
28 Faridpur Branch (0631) 61972 AGRANI BANK LTD., FARIDPUR

Faridpur 7800 63134, 63137 BANGLADESH
Fax 62508
397
Name and Addres ofs
29 Gazipur Branch (02) 9252202 AGRANI BANK LTD., GAZIPUR

Gazipur 1700 Fax 9252013 BANGLADESH
30 Jessore Branch (0421) 66516 COMAGRANI, JESSORE

Jess Tower, Jessore 7400 66175 TLX NO. 633421 ABJES-BJ
31 Clay Road Corporate Branch (041) 724024 AGRANI BANK LTD., KHULNA
Clay Road 723831 TLX NO. 62714 ABK-BJ
Khulna 9100 Ph./ Fax 720552 SWIFT: AGBKBDDH 023
32 Sir Iqbal Road Corporate Branch (041) 722949 COMAGRANI, KHULNA

25 Sir Iqbal Road 723713 TEL NO. 627214 ABK-BJ
Khulna 9100 724947
33 Bara Bazar Branch (071) 62336 AGRANI BANK LTD., KUSHTIA

14 N. S. Road Ph./ Fax 61866 BANGLADESH
Kushtia 7000
34 Bangabandhu Road Corporate Branch (02) 7630090 COMAGRANI

Bangabandhu Road 7630165 NARAYANGANJ
Narayangonj 1400 Ph./ Fax 7630173 TEL NO. 671525 ABNJ-BJ
35 Court Road Branch (02) 7631808 COURTAGRANI

Court Road Ph./ Fax 7631930 NARAYANGANJ
Narayangonj 1400 TEL NO. 671525 ABNJ-BJ
36 Choumuhani Branch (0321) 51867 AGRANIBANK, CHOWMUHANI

Choumuhani, Begumganj Fax 52057 NOAKHALI, BANGLADESH
Noakhali 3821
37 Shaheb Bazar Corporate Branch (0721) 776063 AGRANI BANK, RAJSHAHI

Shaheb Bazar, Boalia 772393 BANGLADESH
Rajshahi 6100 774208 SWIFT: AGBKBDDH 027
Fax 770642
38 Rangpur Main Branch (0521) 65437 AGRANI BANK LTD., RANGPUR

Central Road Fax 62393 TEL NO. 671521 AZRNP-BJ
Rangpur
39 Laldighirpar Corporate Branch (0821) 716177 AGRANI BANK LTD., SYLHET

Laldighirpar 717038 BANGLADESH
Sylhet 3100 725619 SWIFT: AGBKBDDH 021
Fax 710303
40 WASA Corporate Branch (02) 9112267 AGRANI BANK LTD.WASA

98 Kazi Nazrul Islam Avenue BRANCH, DHAKA.
Kawran Bazar, Dhaka 1215
41 Gulshan Corporate Branch br9787@bangla.net

Gulshan-1, Dhaka Dhaka

Zonewise
List of Branches
1 Bagerhat Zone 3 Bhola Zone 5 Brahmanbaria Zone 3 Binodpur

1 Bagerhat 1 Bangla Bazar 1 Akhaura 4 Chapai Nawabgonj
2 Badhal Bazar 2 Bhola 2 Ashugonj 5 Chowdala
3 Bhaga Bazar 3 Borhanuddin 3 Bancharampur 6 Gobratola
4 Chitolmari 4 Char Shashibhusion 4 Bangura Bazar 7 Khamar
5 Chulkathi Bazar 5 Charfession 5 Bitghar 8 Mobarakpur
6 Deypara Bazar 6 Dalatkhan 6 Brahmanbaria 9 Monakahosa
7 Goalmath 7 Kalinath Rayer Bazar 7 Chandura Bazar 10 Rajarampur
8 Jatrapur 8 Khairhat 8 Jagat Bazar 11 Rohanpur
9 Main Road 9 Lalmohan 9 Kasba 12 Sadarghat
10 Mongla Port 10 WAPDA 10 Lalpur Bazar 13 Shibgonj
11 Morrelgonj 11 Nabinagar
12 Munigonj 4 Bogra Zone 12 Salimgonj 8 Ctg. Central Zone
13 Polerhat 1 Badurtola 13 Shahpur 1 Amanat Khan Sarak
14 Sannyashi Bazar 2 Chamrul 14 Shibpur 2 Bahaddarhat B.T.
3 Chelopara 15 T.A. Road 3 Chaktai
2 Barisal Zone 4 Dupchanchia 4 Chatteswari Road
1 Amua Bazar 5 Ghoradaphat 6 Chandpur Zone 5 Firinghee Bazar
2 Banaripara 6 Mohasthangarh 1 Algee Bazar 6 Jubilee Road
3 Batazore 7 Nishindara 2 Babur Hat 7 Kapashgola
4 Bottala 8 Poradah Hat 3 Balithuba 8 Khatungonj
5 Chawk Bazar 9 Raja Bazar 4 Beltali Bazar 9 Lalkhan Bazar
6 Dhamura bandar 10 Shibbati 5 ChandraBazar 10 Press Club
7 Gournadi 11 Sonatola 6 Changarchar Bazar 11 Reazuddin Bazar
8 Jhalakati 12 Talora 7 Farakkabad 12 Sadarghat
9 Kashipur Bazar 13 Thana Road 8 Hajigonj 13 Isanagar
10 Lebubunia Hat 14 Tinmatha Railgate 9 Kachua 14 Artillary Centre
11 Motherkati 15 Zianagar 10 Khajuria Bazar 15 Ashkardighi
12 Muladi 16 Bagbari 11 Matlab Bazar 16 Khulshi
13 Nalcity 17 Bhatra 12 Munshirhat 17 Ctg. Air Base
14 Paisar Hat 18 Bogra Cantonment 13 Nandalalpur 18 Halishahar
15 Puran Bazar 19 Dhunat 14 Narayanpur 19 Medical College
16 Rahut Kathi Bandar 20 Khandar 15 Natun Bazar 20 Port
17 Rupatali 21 Madla 16 Puran Bazar 21 Sk.Mujib Road
18 Ranir Hat 22 Majhira 17 Ramchandrapur Bazar 22 Steelmill
19 Sadar Road 23 Mirzapur 18 Rupsha Bazar
20 Satla Bazar 24 Nandigram 19 Shaharasti 9 Ctg. North Zone
21 Shekher Hat 25 Noymile Hat 20 Station Road 1 Amirhat
22 Torky Bandar 26 Saptapadi Market 21 Nischintapur 2 Azadi Bazar
23 Ulania 27 Sherpur 3 Baroiar Hat
24 Steamerghat 28 Sonka 7 Chapai Nawabgonj Zone 4 Baradogar Hat
29 Sultangonj 1 Amnura 5 Cadet College
30 Taranihat 2 Baroghoria 6 Colonel Hat
399
Zonewise
List of Branches
7 Durgapur 5 Bamundi Bazar 6 Mohammadpur 16 Zinzira

8 Fouzdar Hat 6 Chuadanga 7 Nawar Hat 17 Patiljhap Bazar
9 Hathazari 7 Darsana 8 Rayer Bazar 18 Komargonj
10 Madambibir hat 8 Gangni 9 Satmosjid Road 19 Kamrangirchar
11 Mirsarai 9 Hardi 10 Savar 20 Nawabgonj Road
12 Madunaghat 10 Jiban Nagar 11 Shyamoli
13 Nazir Hat 11 Kedargonj 12 Shimulia 16 Dhaka North Zone
14 Quaish Burischar 12 Khashkarara Bazar 13 Bangla Academy 1 BAF
15 Samitirhat 13 Meherpur 14 Dhaka University 2 Badda
16 Sitakundu 14 Mujibnagar 15 Elephant Road 3 Farmgate
17 Sandwip 15 Radhakantapur Bazar 16 Jatiya Jadughar 4 ICDDRB
18 Chittagong University 17 New Market 5 Kurmitola
19 Pahartoli 12 Comilla Zone 18 Sonargaon Road 6 Malibag
20 Fatehabad 1 BICIC 7 Mirpur
21 Industrial Area 2 Balutopa 14 Dhaka East Zone 8 Mohakhali
22 Jalalabad 3 Bataicori Bazar 1 Farashgonj 9 Mouchak
23 Ghahira 4 Batakandi 2 Thatari Bazar 10 Pallabi
24 Rawzan 6 Chandina 3 Basaboo 11 Rampura TV
7 Daudkandi 4 Dholairpar 12 Senpara
10 Ctg. South Zone 8 Debiwar 5 Faridabad 13 Shewrapara
1 Amirabad 9 Homna 6 Hatkhola 14 Uttara Model Town
2 Anwara 10 Madhabpur 7 Jatrabari 15 New Eskaton
3 Boalkhali 11 Nimsar 8 Kadamtali 16 Panthpath
4 Chatori Chowmuhoni 12 Rajgonj 9 Kamlapur 17 Shantinagar
5 Cox’s Bazar 13 Rup Babu Bazar 10 Matuail
6 Dohazari 14 Shankuchail 11 Narinda 17 Dinajpur Zone
7 Gunagori 15 Jahapur 12 Paridas Road 1 Amtoli
8 Keranirhat 16 Amratoli Bazar 13 Royshaheb Bazar 2 Bhushir bandar
9 Khutakhali 17 Boxgonj Bazar 14 Rayer Bag 3 Birampur
10 Maricha 18 Hasanpur 15 S. S. College 4 Pulhat
11 Minnat Ali Hat 19 Housing Estate 16 Agamashi Lane 5 Phulbari
12 Mirzakil 20 Jalam Bazar 17 Central Law College 6 Hakimpur
13 Patiya 21 Juktikhula Bazar 18 Jatiya Press Club 7 Kamalpur hat
14 Sarwatoli 22 Kasinagar 19 North South Road 8 Madilahat
15 Sattarhat 23 Khila Bazar 20 Rajuk Bhaban 9 Maldahpatty
16 Teknaf 24 Laksham 10 Munshipara
17 Aziznagar 25 Manoharpur 15 Dhaka South Zone 11 Nawabgonj
18 Bandarban 26 Medical College 1 Antrabarah 12 Parbatipur
19 Banorupa 27 Munshir Hat 2 Babu Bazar 13 Puratan Bazar
20 Chandraghona 28 Nangol Kot 3 Becharam Dewri 14 Setabgonj
21 Ichakali 29 Nasratpur 4 Begum Bazar 15 Station Road
22 Kaptai 30 NatherPetua 5 Chowdhury Bazar 16 Tajpurhat
23 Khagrachari 31 Paduar Bazar 6 Chowk Bazar 17 Birgonj
24 Ramgar 32 Tomsom Bridge 7 Churain Bazar
25 Rangamati 33 Brammanpara 8 Imamgonj 18 Feni Zone
26 Shanti Niketon 9 Islampur 1 Badamtoli
13 Dhaka West Zone 10 Jagannath University 2 Bairagirhat
11 Chuadanga Zone 1 Bank Town 11 Joypara 3 Bashurhat
1 Alamdanga 2 Dhamrai 12 Narisha Bzar 4 Chhagalnaiya
2 Andulbaria 3 Dhanmondi 13 Nawabgonj (kalakopa) 5 Chowmuhani
3 Asmankhali 4 Gabtoli 14 Posta 6 Dagonbhuiyan
4 Bamon Para 5 Jahangir Nagar Uni. 15 Mitfort Hospital 7 Deltagate

Zonewise
List of Branches
8 Feni 22 Gazipur Zone 17 Sreepur 25 Khulna University

9 Kamlapatty 1 Board Bazar 18 Mohammadpur 26 Liakatnagar (Dada Match)
10 Kashipur Bazar 2 Bormi Bazar 27 Rupsha Strand Road
11 Parshuram 3 Boktarpur 25 Jamalpur Zone 28 Shamsur Rahman Road
12 Senbag 4 Dolan Bazar 1 Balijuri Bazar
13 Sonagazi 5 DUET 2 Bus Stand 27 Jessore Zone
14 Subar Bazar 6 Gazipur 3 Hazipur Bazar 1 Bazar
7 Ghagtia Chalar Bazar 4 Islampur Bazar 2 Benapole Bazar
19 Faridpur Zone 8 Goshinga 5 Jagannathgonj Ghat 3 Bimanghati
1 Badarpur 9 Kaoraid 6 Jamalpur 4 Doratana Road
2 Ahladipur 10 Kaliakoir 7 Jamtoli Bazar 5 Godkhali Bazar
3 Bhanga 11 Kapasia 8 Jamuna Fertilizer Factory 6 Gonganandapur
4 Boalmari 12 Kashimpur 9 Lahirikanda 7 Hashimpur
5 Bus Stand 13 Mawna Bazar 10 Pingna 8 Jessore
6 Charbhadrashan 14 Nagari 11 Piyarpur 9 Jhikargacha
7 Faridpur 15 Rajabari 12 Sarishabari 10 Jhumjhumpur
8 Ghurua 16 Sreepur 13 Shahbazpur 11 JSTU
9 Kalukhali 17 Tokenayan Bazar 14 Station Road 12 Keshabpur
10 Maligram 18 Tongi 15 Bhimgonj Bazar 13 Nowapara
11 Nagarkanda 16 Kakorkandi 14 Protappur
12 Naliajamalpur 23 Gopalgonj Zone 17 Nandir Bazar 15 Pulerhat
13 Pangsha 1 Bangram Bazar 18 Nolitabhari 16 Rail Bazar
14 Rajbari 2 Bhangarhat 19 Nanni Bazar 17 Rajarhat
15 Sadarpur 3 BSMRSTU 20 Sherpur 18 Shekh Hati
16 Shariatullah Bazar 4 Gopalgonj 21 Tinnani Bazar 19 Monirampur
17 Zila Parisad 5 Jalirpar 22 Sribordi 20 Auria
18 Golarbazar 6 Jhutigram 21 Bagharpara
7 Kasiani 26 Khulna North Zone 22 Bhangura Bazar
20 Joypurhat Zone 8 Kotalipara 1 Boyra Bazar 23 Gazirhat
1 Akkelpur 9 Mukshudpur 2 Daulatpur 24 Jagania
2 Awlai 10 Poura Super Market 3 Goal Para 25 Kalabaria
3 Chawk Barkat 11 Ramdia 4 Jessore Road 26 Kalia
4 Joypurhat 12 Tungipara 5 K.D.A. New Market 27 Lohagara
5 Girls Cadet College 13 Kaligonj 6 Kazdia 28 Narail
6 Kalai 7 Khalishpur 29 Ratadanga
7 Kushumba 24 Jhenaidah Zone 8 Moheswarpasha
8 Matrai 1 Arpara 9 Neval Base 28 Kishoregonj Zone
9 Panchbibi 2 Beroil Palita Bazar 10 Fulbari Gate 1 Bazitpur
3 Bazar Gopalpur 11 Fultola 2 Bhairab Bazar
21 Gaibanda Zone 4 Bhaynarmor 12 Sheikhpara Bazar 3 Charpumdi
1 Bonarpara 5 Chaprail 13 Terokhada 4 Hossainpur
2 Dholbhanga 6 Hajipur 14 Satrujitpur 5 Karimgonj
3 Fulcharighat 7 Holidhani Bazar 15 Bajua Bazar 6 Katiadi Bazar
4 Gaibandha 8 Hamdah Bus Stand 16 Banargati Bazar 7 Kishoregonj
5 Kamarpara 9 Isakhada 17 Banka Bazar 8 Kuliarchar
6 Naldanga 10 Jhenaidah 18 Batbunia Bazar 9 Mirzapur
7 Panchpir Bazar 11 Kabirpur Bazar 19 Chuknagar 10 Mothkhola
8 Rasulpur 12 Kaligonj 20 Farajipara 11 Nikli
9 Sadullapur 13 Kannadah 21 Jaigir Mohal 12 Pakundia
10 Saghatta 14 Kot Chadpur 22 Kapilmuni
11 Sundargonj 15 Magura 23 Khanjahan Ali Road 29 Kurigram Zone
Khulna Medical College &
16 Sadhuhati 24 1 Bhitorbondhat
Hospital
401
Zonewise
List of Branches
2 Bhurungamari 32 Manikgonj Zone 5 Madaripur 8 Palash Bazar

3 Chilmari 1 Arichaghat 6 Mulfatgonj 9 Radhagonj
4 Fulbari 2 Basta Bus Stand 7 Naria 10 Shibpur
5 Kurigram 3 Bangladesh hat 8 New Market 11 Station Road
6 Lalmonirhat 4 Boyra 9 Shariatpur
7 Mission Mor 5 Charigram 10 Takerhat 39 Natore Zone
8 Nageswari 6 Jhitka Bazar 11 Zajira 1 Bagatipara
9 Nazimkhan 7 Krishnapur 2 Chanchkoir Bazar
10 Rajarhat 8 Manikgonj 36 Mymensingh Zone 3 Gopalpur
11 Ulipur 9 Manikgonj Bus Stand 1 Atharobari 4 Halsha
10 Maniknagar 2 Bhaitkandi 5 Laxmikole
30 Kushtia Zone 11 Saturia 3 Bhaluka 6 Lokmanpur Bazar
1 Allahar Dargah 12 Singair 4 Bidhyagonj Bazar 7 Natore
2 Kustia 5 C.K.Ghosh Road 8 Natore Surgar Mill
3 Baragangdia 33 Moulvibazar Zone 6 Chhoto Bazar 9 Nazirpur
4 Bheramara 1 Bhanugosh Bazar 7 Dhara Bazar 10 North Bengle Sugar MIlls
5 Daulatpur 2 Bhukshimoil 8 Gaffargaon 11 Quadirabad Cantonment
Mymensingh Girls Cadet
6 Gopalnagar Bazar 3 Giasnagar 9 12 Rajapur Hat
College
7 Islamic University 4 Gopaya 10 Kaligonj Bazar 13 Singra
8 Khalishakundi 5 Hobigonj 11 Kashigonj 14 Station Road
9 Kumarkhali 6 Kailashgonj 12 Mechua Bazar
10 Mathurapur 7 Kotarkona 13 Medical Collage 40 Netrokona Zone
11 Mazampur 8 Karmadha 14 Muktagacha 1 Barhatta
12 Mirpur 9 Kulaura 15 Mymensingh 2 Birishiri
13 New Market 10 Mostafapur 16 Pagla Bazar 3 Durgapur
14 Panti 11 Moulvibazar 17 Phulpur 4 Fakirer Bazar
15 Patikabari 12 Munshi Bazar 18 Trisal 5 Jhanjail
16 Pragpur 13 Nabigonj 6 Kendua
17 S.C.B Road 14 Fultala Bazar 37 Munshigonj Zone 7 Mohangonj
18 Shilaidah 15 Rabir Bazar 1 Baligaon Bazar 8 Netrokona
19 Station Road 16 Shayestagonj 2 Dighirpar Bazar 9 Purbadhala
20 Thanapara 17 Sindurkhan Bazar 3 Hasail Bazar 10 Rupgonj Bazar
21 Ujangram 18 Sreemongal 4 Hashara Bazar 11 Teasree Bazar
5 Hossaindi Bazar
31 Laxmipur Zone 34 Narayangonj Zone 6 Kalma Bazar 41 Naogaon Zone
1 Bhabanigonj 1 Araihazar 7 Kolapara Bazar 1 Ahsangonj
2 Chandragonj 2 B. K. Road 8 Mirkadim 2 Aihai
3 Dalal Bazar 3 Court Road 9 Muktarpur 3 Boalia
4 Dasherhat 4 Demra 10 Munshigonj 4 Bus Stand
5 Doshghoria 5 Kalir Bazar 11 Munshirhat 5 Kashab
6 Khilpara Bazar 6 Kanchan 12 Ramgopalpur 6 Mainamhat
7 Laxmipur 7 Mirjumla Road 13 Simpara Bazar 7 Matajeehat
8 Mandari Bazar 8 Shastapur 14 Sreenagar 8 Naogaon
9 Nagmud Bazar 9 Siddhirgonj Power Station 9 Nithpur
10 Panpara Bazar 10 Sonargaon 38 Narshingdi Zone 10 Patnitola
11 Raipur 11 Tanbazar 1 Amirgonj 11 Porsha
12 Ramgonj 2 Baburhat 12 Sapahar
13 Ramgoti 35 Madaripur Zone 3 Chalakchar Bazar
14 Sompara 1 Barhamgonj 4 C & B Bazar 42 Noakhali Zone
15 Paniwala 2 Damudya 5 Manohordi 1 Amishapara
3 Dicrirchar Hat 6 Musapur Bazar 2 Badalkot Bazar
4 Kalkini 7 Narshingdi 3 Bazra Bazar

Zonewise
List of Branches
4 Chatkhil 11 Patuakhali Science & 11 Rangpur Cadet College 10 Hetimgonj

5 Datterhat Technology University 12 Rangpur Main 11 Jalalpur Bazar
6 Gopalpur Bazar 12 Puran Bazar 13 Sayedpur 12 Kakordi Bazar
7 hatiya 13 Amtali 14 Sayedpur Cantonment 13 Kuchai
8 Joyag Bazar 14 Barguna 15 Shanerhat 14 Mathiura (Eidgah)
9 Maijdhee Cort 15 Betagi 16 Taragonj 15 Ramdha Bazar
10 Nadana Bazar 16 Gazipur Hat 16 Saraker Bazar
Noakhali Science And
11 17 Kakchira 48 Satkhira Zone 17 Shahgoli Bazar
Technology University
12 Sonaimuri 18 Pathar Ghata 1 Bangshipur Bus Stand 18 Shibgonj
13 Zilla Board 19 Taltali bazar 2 Bhetkhali 19 Station Road
14 Subarnachar 3 Debhata
45 Pirojpur Zone 4 Gazir hat 51 Sylhet West Zone
43 Pabna Zone 1 Bhandaria 5 Moutala 1 Ambari Bazar
1 Abdul Hamid Road 2 Kawkhali 6 Sundarban 2 Ambarkhana
2 Ataikula 3 Main Road 7 Nurnagar 3 Bairagir Bazar
3 Atgharia 4 Mathbaria 8 Patkelghata 4 Balagonj
4 Bera 5 Mirukhali 9 Satkhira 5 Biswanath
5 Baral Bridge 6 Pererhat 10 Shyamnagar 6 Boaljur Bazar
6 Chatmohor 7 Zilla Parishad 7 Chhatak
7 College Gate 49 Sirajgonj Zone 8 Derai
8 Court Road 46 Rajshahi Zone 1 Bahuli 9 Duara Bazar
9 Dashuria 1 Bazu Bagha 2 Beltail 10 Goala Bazar
10 Dublia Bazar 2 Godagari 3 Brammagachha 11 Haripur Gas Field
11 H.M.M. Road 3 Baneshwar Bazar 4 Chandaikona 12 Kaligonj Bazar
12 Ishwardi 4 Charghat 5 Dhubil 13 Kazir Bazar
13 Kashinathpur Bazar 5 Court Bazar 6 Enayetpur 14 Lala Bazar
14 Mirzapur Hat 6 Horian 7 Ghurka 15 Salutikar Bazar
15 Muladuly 7 Laxmipur 8 Kalibari 16 Subid Bazar
16 Nagarbari Ghat 8 Malopara 9 Belkuchi 17 Sunamgonj
17 Nazirgonj 9 Nagar Bhaban 10 New Market 18 Umarpur Bazar
18 Pushpaparahat 10 Nawhata 11 Nimgachhi 19 Zaflong
19 Rail Bazar 11 New Market 12 Pangashi Hat 20 Zinda Bazar
20 Ruppur 12 Puthia 13 Porjana Vatpara 21 Tamabil
21 Shibrampur 13 Riaghati 14 Raigonj
22 Shyamgonj Hat 14 Rajshahi Cantonment 15 S. S. Road 52 Tangail Zone
23 Sujanagar 15 Rajshahi University 16 Shahjadpur 1 Aishara
24 Shatbaria Bazar 16 RDA Bhaban 17 Sameshpur 2 Basail
25 Trimohoni 17 Vadra 18 Station Road 3 Bhuyapur
26 Saikola 18 WAPDA (IRRI) 19 Talgachhi Bazar 4 Chapri Bazar
20 Ullapara 5 Dhuburia
44 Patuakhali Zone 47 Rangpur Zone 6 Ghatail
1 Alipur Bandar 1 Alam Nagar 50 Sylhet East Zone 7 Gopalpur
2 Bauphal 2 Badargonj 1 Bandar Bazar 8 Hemnagar
3 Dasmania 3 Bus Terminal Road 2 Beani Bazar 9 Zamurki
4 Golachipa 4 Central Road 3 Chawk Bazar 10 Kanchanpur
5 Kanakdia 5 Jaldhaka 4 Dewal Bazar 11 Karatia
6 Khepupara 6 Medical College Hospital 5 Dhaka Dokhin 12 Kawaljani
7 Kuakata 7 Nekmamud Hat 6 Fenchugonj 13 Madhupur
8 Mirzagonj 8 Nilphamari 7 Gasbari Bazar 14 Mirzapur
9 Nutan Bazar 9 Pawtana Hat 8 Godown Bazar 15 Mirzapur Cadet College
10 New Market 10 Pirgachha 9 Golapgong 16 Mohera
403
Zonewise
List of Branches
17 Mymensingh Road 53 Thakurgaon Zone

18 Nagarpur 1 Chaklahat
19 Nalua Bazar 2 Horipur
20 Sakhipur Bazar 3 Jagodalhat
21 Salimabad 4 Mirzapur
22 Suruj Bazar 5 Munshirhat
23 Tangail 6 Panchagar
24 Warshi 7 Pirgonj
8 Shalbahanhat
9 Thakurgaon
10 Tunirhat
Sub Total 915

Corporate Br. 28
Grand Total 943

Standard Accounting Disclouser Check list
Items Page Ref.

Corporate Objectives, Values & Structure
Clarity and presentation:
v Vision and Mission
v Overall strategic objectives
v Core values and code of conduct/ethical principles
v Profile of the Company
v Director`s profiles and their representation on Board of other companies & organization chart
Management Report/Commentary and analysis including Director`s Report/ Chairman`s Review/
CEO`s Review etc.
v A general review of the performance of the company
v Description of the performance of the various activities/products/segments of the company and its
group companies during the period under review. (Weight age to be given for pictorial/graphical/
tabular presentations used for this purpose)
v A brief summary of the Business and other Risks facing the organization and steps taken to effectively
manage such risks
v A General review of the future prospects/outlook.
v Information on how the company contributed to its responsibilities towards the staff(including health
& safety)
v Information on company’s contribution to the national exchequer @ to the economy
Sustainability Reporting
v Social Responsibility Initiatives (CSR)
v Environment Related Initiatives
v Environmental & Social Obligations
v Integrated Reporting
Appropriateness of Disclosure of Accounting policies and General Disclosure

v Disclosure of adequate and properly worded accounting policies relevant to assets, liabilities, Income
and expenditure in line with best reporting standards.
v Any Specific accounting policies
v Impairment of Assets
v Changes in accounting policies/ changes in accounting estimates
v Accounting policy on subsidiaries ( if there is no any subsidiary, full marks should be granted)
Segment Information
v Comprehensive segment related information bifurcating Segment revenue, segment results and
segment capital employed.
v Availability of information regarding different segments and units of the entity as well as non-segmental
entities/units.
v Segment analysis of
§ Segment Revenue
§ Segment Results
§ Turnover
§ Operating profit
§ Carrying amount of Net Segment assets.
Financial Statements(Including Formats)
v Disclosures of all contingencies and commitments
v Comprehensive related party disclosures
405
v Disclosures of Remuneration & Facilities provided to Directors & CEO.
v Statement of Financial Position/Balance sheet and relevant schedules
v Income Statement/Profit & Loss Account and relevant Scedules
v Statement of Changes in Equity/ Reserves & Surplus Schedule
v Disclosure of Types of share Capital
v Statement of Cash Flow
v Consolidated Financial Statement(CFS)
v Extent of Compliance with the core IAS/IFRS of equivalent National Standards
v Disclosures/Contents of Notes to Accounts
Information about Corporate Governance

v Board of Directors, Chairman and CEO
v Audit Committee(Composition, Role, meetings, attendance, etc.) Internal Control & Risk Management
v Ethics and Compliance
v Remuneration and other Committees of Board
v Human Capital
v Communication To Shareholders & Stakeholders
§ Information available on website
§ Other Information
v Management Review and Responsibility
v Disclosure by Board of Directors or Audit Committee on evaluation of quarterly reports
v Any other investor friendly information
Risk Management &Control Environment

v Description of the Risk Management Framework
v Risk Mitigation Methodology
v Disclosure of Risk Reporting
Stakeholders Information
v Description of sharehollering (Number of Shares as well as category wise, e. g Promoter group, Fll etc)
v Shares held by Directors/Executives and relatives of Directors/Executives
v Redressed of investors complaints
Graphical/Pictorial Data:
v Earnings per Share
v Net Assets
v Stock Performance
v Shares holder’s Fund
v Return on Shares holder’s Fund
Horizontal/vertical Analysis Including following.

Operating Performance(Income Statement)
v Total Revenue
v Operating profit
v Profit Before Tex
v Profit after Tax
v EPS

Statement of Financial Position (Balance Sheet)
v Shareholders Fund
v Property Plant & Equipment
v Net Current Assets
v Long Term Liabilities/Current Liabilities
Profitability/Dividends/Performance and Liquidity Ratios

v Net Interest income Ratio
v Profit before provisions and Tax
v Price earnings ratio
v Capital Adequacy Ratio
v Return on Capital Employed
v Debt Equity Ratio
Statement of Value Added and Its Distribution

v Government as Taxes
v Shareholders as dividend
v Employees as bonus/remuneration
v Retained by the entity
v Marker share information of the Company’s product/services
v Economic value added
Presentation of Financial Statements

v Quality of the Report/ Layout of Contents
v Cover and printing including the theme on the cover page
v Appropriateness and effectiveness of photographs and their relevance
v Effectiveness of Charts and Graphs
v Clarity, simplicity and lucidity in presentation of Financial Statements
Timeliness in issuing financial Statements and holding AGMs

v 3 months time to produce the Annual Report and hold AGM are considered reasonable for full marks
v Delay after the initial period of 3 month – deduction of 2 marks us to be made for each month
v If the period is over 6 months- no marks shall be awarded
Additional Disclosures
For Example
v Human Resource Accounting
v Any other good additional disclosures ( Independence certification Eg GNV/GRI)
Specific Areas for Banking Sector

Disclosure of Ratings given by various rating agencies for the Bank and for its instruments issued by /of Bank.
For eg. FD,CD, Tier l and Tier 11 Bonds
Details of Advances portfolio Classification wise as per the direction issued by the central bank of the
respective countries
Disclosure fir Non Performing assets
v Movements In NPA
v Sector-wise breakup of NPA
v Movement of Provisions made against NPA
v Details of accounts restructures as per regulatory guidelines
Maturity Pattern of Key Assets and Liabilities (ALM)
Classification and valuation of investments as per regulatory guidelines/Accounting standards
407
Business Ratio/Information
v Statutory Liquidity Reserve (Ratio)
v Net interest income as a percentage of working funds/ Operating cost-Efficiency ratio
v Return on Average Asset
v Cost/ Income ratio
v Net Asset Value Per Share
v Profit per employee
v Profit per employee Capital Adequacy ratio
v Cost of Funds
v Cash Reserve ratio/ Liquid Asset ratio
v Dividend Cover ratio
v Gross Non-Performing assets to gross advances / Non-Performing Loans (Assets) to Total Loans
(Assets)
Note: Meaning of working funds- these are total resources (total liabilities or total assets) of a bank as on a
particular date. Total resources include capital, reserves and surplus, deposits, borrowings, other liabilities and
provision.
Details of credit concentration/ Sector vise exposures
The break-up Provisions and contingencies included in the Profit and Loss Account
Disclosure under regulatory guidelines
Details of Non-Statutory investment portfolio
Disclosure in respect of assets given on operating& finance lease
Disclosures for derivative investments
Bank’s Network : List of Centers or Branches
***

Annual Report 2017

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About this Report

At Agrani Bank Limited (ABL), we recognize that transparency is key to stakeholder

Management Discussion and

Signing of Accounts 2017 62

Global Economy 74-75

6-60 Board of Directors 19

2 Annual Report 2017

Agrani Equity & Investment Ltd. 339-345

Financials 405-408 Standard Disclosure Checklist

Independent Auditors’ Report 208-210

Sub: Annual Report for the year ended on 31 December, 2017.

Dear Sir (s)

Mohammad Shams-Ul Islam

4 Annual Report 2017

Dated : May 26, 2018 By Order of the Board of Directors

Khandaker Sajedul Haque

6 Annual Report 2017

ABL provides its corporate,

Our Subsidiaries Chittagong

Honesty and Fairness

Health, Safety and Working Environment

Protection of Personal Data

10 Annual Report 2017

Nature and the Environment

Complaints Handling: An efficient mechanism is developed enabling customers to submit their

Involving Internal Auditor in Monitoring Corporate Code of Conduct or Ethics Policy:

12 Annual Report 2017

Agrani Exchange Company (Australia) Pty. Limited

Foreign Remittance & Card Division

Foreign Ex. Corp. Branch

Agrani Bank Training Institute

Dhaka Sheraton Hotel Corp.Branch

Tejgaon Ind. Area Corp.Branch

Saheb Bazar Corp.Branch

Industrial Credit Division

Rural Credit Division

SME Credit Division

Agrani Equity & Investment Limited

Amin Court Corp. Branch

Agrani SME Financing Company Limited

Nawabpur Road Corp. Branch

Moulavibazar Corp. Branch

Bangabandhu Road Corp. Branch

Recovery & NPA Management Div.

Proc. & Common Services Div.

Six Subsidiary Companies of Agrani Bank Limited

Purana Paltan Corp. Branch

Agrani Remittance House Canada Inc., Canada

Agrabad JB Corp. Branch

Agrani Remittance House Sdn. Bhd., Malaysia (6 branches)

Agrani Exchange Company (Australia) Pty. Limited, Australia

Agrani Exchange House Private Limited, Singapore (4 branches)

Audit & Inspection Division 2

Agrani Bank : As Nationalized Commercial Bank

SL. Name From To

01 M. Fazlur Rahman 02-01-1972 31-03-1981

02 Abdur Rahman Biswas 01-04-1981 04-05-1982

03 Prof. M. Safiullah 05-05-1982 04-05-1985

04 M. Matiur Rahman 05-05-1985 16-04-1986

05 Mir Ataul Haque Khandker 17-04-1986 21-01-1987

06 Imamuddin Ahmad Chaudhury 22-01-1987 14-12-1990

07 Mohd. Faizullah 15-12-1990 05-10-1991

08 L.K. Siddiqi 06-10-1991 22-09-1993

09 M. Hafizuddin Khan(Acting) 23-09-1993 03-01-1994