EXIM Bank of Bangladesh Ltd. was incorporated on June 02, 1999 and commenced business on August 03, 1999 as a traditional Private Sector Commercial Bank. It gives equal importance to provide finance and facilities to the national priority sectors like Agriculture and Small and Medium Enterprises (SME). The Bank was converted into a full-fledged Islamic bank on July 01, 2004. They have so far introduced three new deposit products namely, Mudaraba Cash Waqf Deposit, Mudaraba Denmohar/Marriage Deposit Scheme, Mudaraba Students Saving Deposit/Mudaraba Monthly Students Savings Scheme in the year 2011. EXIM has also introduced offshore banking facilities for its international trade partners. It has joined the largest ATM networks of the country like Q Cash, BRAC/Omnibus and DBBL having altogether 3000 ATM Booths all over the country. Also introduced the Islamic Investment (Credit) Card which has the features like Dual Gold and Classic Card and in coming days it has to be introduced the new Service/Product like Green Visa Debit Card, Green Visa Haji, Travel, Gift Card, Mobile ATM Internet Banking and Mobile Banking to provide comfort to its clients. The total number of Branches stood 62 at the end of the year 2011 all over Bangladesh.
EXIM Bank has raised its authorized capital to Tk. 20,000 million in 2011 doubled as against in 2010. Bank has gained ‘AA’-in long term and ‘ST-2’ in short term rated on May 31, 2012. The Basel-II implementation as of 31 December 2011, bank was maintaining Capital Adequacy Ratio (CAR) of 10.88%, which is well above the minimum regulatory requirement of 10.00%.
EXIM is now one of the leading organizations to performing Corporate Social Responsibilities.
The Asset Liability Committee (ALCO) of the bank analyzes various Balance Sheet risks and suggests strategy to manage those risks. Furthermore, the launching of EXIM Bank 1st Mutual Fund reflects EXIM Bank’s strong belief that the development of a research driven mutual fund industry will bring in more efficiency and transparency into the country’s capital markets.
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