Agrani Bank PLC on Thursday conducted its 18th annual general meeting at its head office, said a press release.
Chairman Syed Abu Naser Bukhtear Ahmed presided over the meeting.
Financial Institutions Division secretary Nazma Mobarek attended as chief guest and government representative.
Among others, directors Md Fazlul Hoque, Kabirul Ezdani Khan, Mohammad Sultan Mahmud, Muzaffar Ahmed, Md Sayed Kutub, Md Rizwanul Huda, managing director and chief executive officer Md Anwarul Islam and Bangladesh Bank observer Md Amzad Hossain Khan joined the meeting.
The meeting approved the bank鈥檚 audited financial statements for the year 2024.
Nazma Mobarek discussed the bank鈥檚 business targets and expressed her optimism that Agrani Bank would demonstrate even stronger performance in all financial indicators and continue to lead as a top state-owned commercial bank.
Md Anwarul Islam presented an overview of the bank鈥檚 performance in areas such as loan recovery, deposits, lending, operating profit, import-export activities, remittance inflow and service expansion. He highlighted the bank鈥檚 growing contribution to both the national economy and social development.
According to the release, in 2024, Agrani Bank鈥檚 total assets rose to Tk 1,28,106 crore from Tk 1,23,096 crore in 2023, reflecting a 4.07 per cent growth. Interest-earning assets increased by 3.22 per cent to Tk 83,066 crore.
The bank鈥檚 total investment stood at Tk 27,760 crore, with Tk 21,599 crore in government securities. This marked a 9.10 per cent increase over 2023. The return on investment improved to 8.71 per cent from 7.90 per cent recorded in the previous year. Loans and advances grew by 4.41 per cent, reaching Tk 79,037 crore. Deposits stood at Tk 99,232 crore, up Tk 323 crore from the previous year, with 54 per cent being low or no-interest deposits. The advance-deposit ratio was 79.65 per cent. The bank posted an operating profit of Tk 1,511 crore in 2024. Its net interest spread stood at 5.38 per cent and operational costs remained within the limits agreed upon with Bangladesh Bank. Provisioning reached Tk 9,083 crore up 30 per cent from the previous year.
In 2024, the bank facilitated Tk 21,033 crore in remittances a 76.24 per cent increase from 2023. For this achievement, it received the 鈥楻emittance Award 2024鈥� from the Ministry of Expatriates鈥� Welfare and Overseas Employment.
Import transactions totalled Tk 50,588 crore, reflecting a 21.18 per cent growth over 2023. On the other hand, export transactions reached Tk 14,114 crore. Classified loans stood at Tk 32,002 crore in 2024. The bank made significant strides in loan recovery, retrieving Tk 1,726 crore, including Tk 441 crore in cash, the release said.
