Loans and Advance:
Loans and advances are focal point of all the activities of every bank and in Premier Bank this is even more seriously dealt with to uphold the “Zero Classification” policy of the bank. Credit activities of the bank are being administrated by the Management Committee (MANCOM) at the Head office by strict separation of the responsibilities between assessment of the risk, lending decisions and its monitoring functions.
At the end of 2006 total loans and advances stood at Tk. 15383.93 million, a 90.03 percent increase compared to Tk. 8095.37 million from the preceding year. While growth in loans and advances were our major focus, under no circumstances there was any compromise on quality of advance. Total non-performing loans remained low at 0.43 percent in 2005. Loan to deposit ratio as on December 31. 2004 was 875.44 percent which is within the acceptable tolerance of Bangladesh Bank.
Portfolio of Loans and Advances as on December 31, 2004 is given below:
Loans and advances are focal point of all the activities of every bank and in Premier Bank this is even more seriously dealt with to uphold the “Zero Classification” policy of the bank. Credit activities of the bank are being administrated by the Management Committee (MANCOM) at the Head office by strict separation of the responsibilities between assessment of the risk, lending decisions and its monitoring functions.
At the end of 2006 total loans and advances stood at Tk. 15383.93 million, a 90.03 percent increase compared to Tk. 8095.37 million from the preceding year. While growth in loans and advances were our major focus, under no circumstances there was any compromise on quality of advance. Total non-performing loans remained low at 0.43 percent in 2005. Loan to deposit ratio as on December 31. 2004 was 875.44 percent which is within the acceptable tolerance of Bangladesh Bank.
Portfolio of Loans and Advances as on December 31, 2004 is given below:
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