Dhaka Bank Company Profile and Financial Updates

Dhaka Bank is a well-established financial institution in Bangladesh, with a rich history dating back to 1985. It was founded by a group of entrepreneurs who aimed to provide reliable banking services to the people of Bangladesh.

Dhaka Bank has a strong presence in the country, with a network of over 80 branches and a team of experienced professionals. The bank's head office is located in the heart of Dhaka city, making it easily accessible to customers and clients.

Dhaka Bank offers a wide range of financial products and services, including deposits, loans, and investments. Its services are designed to meet the diverse needs of individuals, businesses, and organizations.

The bank's financial performance has been impressive, with a steady growth in its assets and profits over the years.

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Dhaka Bank's financial health is a crucial aspect to consider when evaluating the company. The bank's technical levels are a key factor in planning entry and exit points for investors.

The bank's cash flow is a vital aspect of its financial health, and it's interesting to see how cash comes in and out of the company. Dhaka Bank's cash flow statement provides a detailed view of this process.

A balance sheet is a statement of a company's assets, liabilities, and share capital, and Dhaka Bank's balance sheet is no exception. It's a crucial tool for understanding the company's financial health and making informed investment decisions.

Here are some key financial metrics to consider:

Dhaka Bank's dividend history is another important factor to consider for investors. The company's detailed payout data provides insight into its commitment to returning value to shareholders.

Understanding a company's financial health and stock performance is crucial for making informed investment decisions.

The key to this understanding lies in examining the company's technical levels, which help plan entry and exit points.

A company's cash flow is a vital aspect of its financial health, providing a detailed view of how cash comes in and out.

The profit and loss statement is another essential document, detailing revenues and expenditure.

The balance sheet, on the other hand, provides a snapshot of a company's assets, liabilities, and share capital.

Lastly, dividend history is a valuable indicator of a company's financial performance, allowing you to check out the detailed payout data.

Dhaka Bank was founded in 1995 by Bangladeshi politician Mirza Abbas.

The founder chairman of the board of directors is Abdul Hai Sarker.

In July 2009, Altaf Hossain Sarker was re-elected chairman of Dhaka Bank Limited.

Reshadur Rahman Shaheen took over as chairman in April 2010.

Mirza Abbas was removed from the board in September 2015 after being absent in 11 out of 12 board meetings.

Syed Mahbubur Rahman was appointed managing director of Dhaka Bank Limited on November 11 of the same year.

Reshadur Rahman was elected chairman of Dhaka Bank Limited after Mirza Abbas' removal.

Abdul Hai Sarker was re-elected chairman of Dhaka Bank Limited in July 2021.

Dhaka Bank has arranged significant loans in the past, including a 5.2 billion BDT syndicated loan for Chandpur Power Generations Limited.

It also secured a US$40 million loan for the powerplant from banks in Germany.

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Dhaka Bank has partnered with Dhaka South City Corporation to simplify the payment process for business license fee and withholding tax.

The agreement was signed on November 18, allowing citizens to pay their dues easily.

Dhaka Bank Managing Director and CEO Sheikh Mohammad Maruf emphasized the importance of maintaining a people-friendly service, aiming to compete with other banks by providing adequate and human-scale service.

The corporation's Managing Director Mizanur Rahman expressed a similar sentiment, stating that their main objective is to collect maximum revenue at the existing rate without increasing the revenue rate.

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Dhaka Bank is looking to spread its wings to fuel growth, with a focus on digital banking and lending to small clients.

The bank's chairman, Abdul Hai Sarker, has shared plans to become a paperless bank, aiming to provide all types of digital banking facilities.

Dhaka Bank has made significant progress in its 30-year journey, with its authorised capital surging to Tk 2,000 crore and paid-up capital jumping to Tk 1,006.6 crore.

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It has expanded its presence across the country with 116 branches, three SME service centres, 31 sub-branches, and 87 automated teller machines (ATMs).

The bank has also established Dhaka Bank Securities Ltd and Dhaka Bank Investment Ltd to cater to stock investors and operate merchant banking activities.

Dhaka Bank is currently focusing on micro-level customers, providing financing to those in need of cash support.

As of June 30, the bank's deposits totalled Tk 29,119 crore, while lending exceeded Tk 26,287 crore.

Dhaka South City Corporation has a unique approach to revenue collection compared to other city corporations.

Their main objective is to collect maximum revenue at the existing rate without increasing the revenue rate, receiving compensation for the services they provide from birth to death.

Dhaka Bank has signed an agreement with Dhaka South City Corporation to simplify and expedite services to citizens, facilitating the process of payment of business license fee and withholding tax.

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This agreement aims to make the collection of service charges people-friendly, with Dhaka Bank continuing the service to provide adequate and human-scale service to the people.

Dhaka Bank's Managing Director and CEO Sheikh Mohammad Maruf emphasized the importance of providing proper service to the people, stating that they will be successful if they can work properly and provide City Corporation services correctly.

Dhaka Bank's Deputy Director General AMS Moin Uddin, along with other officials, attended the meeting to discuss the agreement and its implementation.

The agreement was signed at Buriganga Hall of DSCC on November 18, with Mizanur Rahman, Managing Director of Dhaka South City Corporation, and Sheikh Mohammad Maruf signing the agreement.

Dhaka Bank's Deputy Chief Revenue Officers, Deputy General Manager Sheikh Abdul Bakir, and other officials were also present at the meeting to discuss the agreement and its implementation.

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Dhaka Bank has a strong financial status, with a total asset of Tk. 1,31,191.53 crore as of 2022. This significant amount of assets indicates the bank's stability and growth.

The bank's net profit for the year 2022 was Tk. 2,433.35 crore, a substantial increase from the previous year. This increase in profit is a testament to the bank's effective management and financial strategies.

Dhaka Bank has a solid capital base, with a paid-up capital of Tk. 5,000 crore. This robust capital base provides the bank with the necessary resources to take on new projects and initiatives.

The bank's financial status is also reflected in its deposit base, which stood at Tk. 91,419.43 crore as of 2022. This significant deposit base allows the bank to offer a wide range of financial products and services to its customers.