Professional Documents
Culture Documents
2012-2013
Bangladesh Bank
Annual Report
(July 2012-June 2013)
BANGLADESH BANK
(The Central Bank of Bangladesh)
Letter of Transmittal
BANGLADESH BANK
Dhaka
......................2014
The Secretary
Bank and Financial Institutions Division
Ministry of Finance
Government of the People's Republic of Bangladesh
Dhaka.
Dear Sir,
In terms of Article 40 (2) of the Bangladesh Bank Order, 1972 (P. O Number 127) I have the
honour to submit to the Government of the People's Republic of Bangladesh the Annual Report
of the Bangladesh Bank for the financial year 2012-2013. Audited Accounts of the Bank for the
financial year was forwarded earlier on 26 August 2013.
Yours faithfully,
Board of Directors
Chairman
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Secretary
* Dr. Atiur Rahman was reappointed as Governor of Bangladesh Bank with effect from 1 May 2013.
** Dr. Mohammad Tareque was Director of the Board up to 22 August 2012.
*** Dr. Nasiruddin Ahmed and Mr. Md. Shafiqur Rahman Patwari were Directors of the Board up to 13 November 2012.
**** Dr. Mustafa Kamal Mujeri, Prof. Sanat Kumar Saha, Dr. Sadiq Ahmed and Prof. Hannana Begum were reappointed as Directors of the
Board with effect from 11 March 2013.
***** Mr. Fazle Kabir was appointed as Director of the Board in place of Dr. Mohammad Tareque with effect from 22 August 2012.
****** Mr. Md. Ghulam Hussain and Dr. M Aslam Alam were appointed as Directors of the Board in place of Dr. Nasiruddin Ahmed and Mr.
Md. Shafiqur Rahman Patwari respectively with effect from 13 November 2012.
Governor
Dr. Atiur Rahman
Deputy Governors
Md. Abul Quasem
Abu Hena Mohd. Razee Hassan
Shitangshu Kumar Sur Chowdhury
Nazneen Sultana
Chief Economist
Dr. Hassan Zaman
M. Mahfuzur Rahman
S.M. Moniruzzaman
Economic Adviser
Dr. Md. Akhtaruzzaman
Executive Director (ICT)
Md. Abdul Hamid
Executive Director (Specialised)
Gouranga Chakraborty
Note: (1) Mr. Zeauddin Ahmed, Executive Director, is on deputation with Security Printing Corporation (BD) Ltd. as Managing Director.
(2) As on 30 June 2013.
Barishal
Bogura
Chittagong
Khulna
Motijheel
Mymensingh
Rajshahi
Rangpur
Sadarghat
Sylhet
Contents
Chapters
Chapter-1
Chapter-2
Chapter-3
Chapter-4
Pages
Macroeconomic Performance and Prospects
1
2
3
4
4
4
5
6
8
9
9
Economic Growth
Agriculture Sector
Industry Sector
Services Sector
Sectoral Composition of GDP
GDP by Expenditure
Savings and Investment
10
10
11
12
13
13
15
15
20
20
xi
18
18
22
24
24
24
25
25
25
25
26
26
26
Contents
Chapters
Chapter-5
Pages
Banking Sector Performance, Regulation and Bank Supervision
27
27
28
29
30
32
33
33
35
35
36
36
37
38
38
38
39
39
40
40
40
40
40
41
41
41
41
41
42
42
42
E. Supervision of Banks
E.1. On-site Inspection of Banks
E.2. Off-site Monitoring of Banks
Quick Review Report
Reviewing Minutes
SCB Monitoring Cell
E.3. Risk Management Activities of the Banks
E.4. Financial Stability and Macroprudential Supervision
F. Banking Sector Infrastructure for Financial Stability and Risk Management
F.1. Deposit Insurance Scheme
F.2. Activities of Credit Information Bureau
xii
42
43
46
46
47
47
48
49
49
49
50
Contents
Chapters
Chapter-6
Chapter-7
Pages
Performance, Regulation and Supervision of NBFIs
51
51
51
52
52
52
53
53
53
53
54
54
54
54
55
55
55
56
56
57
57
57
57
Financial Markets
58
Money Market
Call Money Market FY13
Repo Auctions - FY13
Reverse Repo Auctions - FY13
Bangladesh Bank Bill
Government Securities Market
Government Treasury Bills Auctions
Bangladesh Government Treasury Bonds (BGTBs) Auctions
Bangladesh Government Islamic Investment Bond (Islamic Bond)
58
58
58
59
59
59
59
60
60
xiii
55
55
56
56
56
56
Contents
Chapters
Chapter-8
Chapter-9
Chapter-10
Pages
Capital Market
Investment Financing in Bangladesh
Capital Market Activities in FY13
Primary Issuance
Secondary Market Activities
Non-Resident Portfolio Investment
Activities of the Investment Corporation of Bangladesh
Scheduled Banks Investments in Capital Market Securities
Measures Supporting Capital Market Development
Credit Market
Advances of Scheduled Banks by Economic Purposes
Industrial Term Loans of Banks and Financial institutions
Investment Promotion and Financing Facility (IPFF)
Equity and Entrepreneurship Fund (EEF)
Housing Finance
Foreign Exchange Market
61
61
62
62
62
62
63
64
65
65
65
66
67
68
68
70
71
71
Public Finance
79
79
79
82
83
84
85
85
86
External Sector
87
87
88
89
89
xiv
72
72
73
74
74
74
76
78
90
90
Contents
Chapters
Pages
Terms of Trade
Bilateral and Multilateral Relations
Workers' Remittances
Foreign Aid
Foreign Exchange Market Operations
Foreign Exchange Reserves
Reserve Management Strategy
Transactions under Asian Clearing Union (ACU)
Transactions with the IMF
Changes in Foreign Exchange Regulations
Anti-money Laundering Surveillance
Reporting Agencies and Their Regulatory Regime
Legal System
Initiatives Strengthening by BFIU
International Cooperation
Awareness Building Programme
Chapter-11
Chapter-12
91
91
92
92
93
93
94
95
95
96
97
98
98
98
99
99
100
100
100
100
100
101
101
102
102
102
103
103
103
104
104
Administration
105
105
105
105
106
106
106
xv
106
106
107
107
107
107
Contents
Chapters
Chapter-13
Tables
Pages
Welfare Activities and Approval of Scholarship
Foreign Training and Study
Domestic Training and Study
Step towards Automation and Paperless Environment
Reward and Recognition
Training Courses, Workshops, and Seminars Conducted by the
Bangladesh Bank Training Academy (BBTA)
Central Bank Strengthening Project
107
107
107
108
108
110
Income
Income from Foreign Currency Financial Assets
Income from Local Currency Financial Assets
Foreign Currency Revaluation Gain
Expenditure
Financial Cost
Administrative Cost
Operating Profit for the Year
Other Comprehensive Income
Profit Appropriation
Combined Balance Sheet of Banking and Issue Department
Assets
Liabilities
Notes in Circulation
Equity
Foreign Currency Reserve
Auditors
Audited Financial Statements as at and for the Year Ended 30 June 2013
110
110
110
111
111
111
111
111
111
111
112
112
112
112
112
113
113
115
108
108
1.1
1.2
1
4
2.1
2.2
2.3
2.4
2.5
3.1
3.2
3.3
3.4
3.5
3.6
3.7
xvi
10
11
12
12
15
16
17
17
18
18
19
Contents
Tables
Pages
4.1
4.2
4.3
4.4
4.5
4.6
21
23
23
24
25
25
5.1
5.2
5.3
5.3(a)
5.4
5.5
5.6
5.7
5.8
5.9
5.10
5.11
5.12
5.13
5.14
27
29
30
31
31
32
33
33
34
34
35
37
38
42
50
6.1
6.2
6.3
6.4
Structure of NBFIs
Assets, liabilities and deposits of NBFIs
Total loan /lease and classified loan /lease
Profitability of NBFIs
51
52
53
54
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
58
59
60
61
62
63
63
7.9
7.10
7.11
7.12
7.13
Volume of trade and weighted average interest rates in call money market
Repo auctions - FY13
Reverse repo auctions - FY13
Auctions of Bangladesh Bank Bill - FY13
Auctions of Bangladesh Government treasury bills-FY13
Auctions of Bangladesh Government treasury bonds-FY13
Bangladesh Government Islamic Investment Bond
Disbursement & recovery of industrial term loans of banks and
financial institutions
Dhaka Stock Exchange (DSE) activities
Chittagong Stock Exchange (CSE) activities
Advances of scheduled banks by economic purposes
Industrial term loans of banks and financial institutions
Outstanding housing loans
8.1
8.2
8.3
8.4
73
75
76
78
9.1
9.2
79
81
xvii
63
64
64
66
67
69
Contents
Tables
Pages
9.3
9.4
9.5
82
83
83
10.1
10.2
10.3
10.4
10.5
10.6
10.7
89
91
92
93
94
95
95
11.1
11.2
11.3
103
103
104
12.1
13.1
13.2
Sources of income
Bank's expenditure
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2.1
2.2
2.3
9
13
13
3.1
3.2
3.3
3.4
3.5
3.6
3.7
15
16
17
18
19
19
19
4.1
4.2
4.3
4.4
4.5
4.6
20
21
22
22
24
25
110
111
Charts
xviii
4
5
5
5
6
6
7
7
7
Contents
Charts
Pages
5.1
5.2
5.3
5.4
5.4(a)
5.5
5.6
5.7
5.8
5.9
5.10
28
28
29
30
31
32
32
33
34
35
35
6.1
6.2
6.3
52
52
53
7.1
7.2
7.3
7.4
7.5
7.6
58
61
64
66
67
70
8.1
8.2
74
74
9.1
9.2
9.3
9.4
80
80
84
84
10.1
10.2
10.3
10.4
10.5
10.6
10.7
87
89
89
91
92
93
94
11.1
11.2
11.3
11.4
102
102
103
103
110
Box
5.1
xix
45
Contents
Appendices
Pages
Appendix-1
Appendix-2
Appendix-3
191
219
225
227
228
229
230
231
232
233
Tables
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
XIV
XV
XVI
XVII
XVIII
XIX
XX
XXI
XXII
XXIII
XXIV
XXV
Appendix-4
Tables
234
235
236
237
238
239
240
243
244
245
246
247
248
249
250
251
253
254
255
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
257
257
257
258
258
258
259
259
259
260
260
List of Abbreviations
AA
AC
A/C
ACC
A&BD
ACU
ACUD
ADB
ADP
ADs
AML
AMLD
ASEAN
ATA
ATDT
ATDP
ATF
ATM
BACH
BACPS
BAP
BB
BBS
BBTA
BCB
BCBS
BEFTN
BFID
BFIU
BGAPMEA
BGTBs
BIMSTEC
BIC
BKB
BO
BoP
BPO
BPO
BPSSR
BRDB
BRPD
BSCIC
BSBL
BTMA
CAMD
CAMEL
CAMELS
CAR
Administration Agreements
Audit Committee
Account
Anti-Corruption Commission
Accounting & Budgeting Department
Asian Clearing Union
Asian Clearing Union Dollar
Asian Development Bank
Annual Development Programme
Authorised Dealers
Anti Money Laundering
Anti Money Laundering Department
Association of South East Asian Nations
Anti-Terrorism Act
Average Total Demand and Time Liabilities
Agro- based Industries and Technology
Development Project
Agreement on Trade Facilitation
Automated Teller Machine
Bangladesh Automated Clearing House
Bangladesh Automated Cheque Processing
Systems
Banking Application Package
Bangladesh Bank
Bangladesh Bureau of Statistics
Bangladesh Bank Training Academy
Bangladesh Cricket Board
Basel Committee of Banking Supervision
Bangladesh Electronic Fund Transfer Network
Bank and Financial Institutions Division
Bangladesh Financial Intelligence Unit
Bangladesh Accessories & Packaging
Manufacturers & Exporters Association
Bangladesh Government Treasury Bonds
Bay of Bengal Initiative for Multi-Sectoral
Technical and Economic Cooperation
Basel Implementation Cell
Bangladesh Krishi Bank
Beneficiary Owner
Balance of Payments
Business Process Outsourcing
Bangladesh Post Office
Bangladesh Payment and Settlement Systems
Regulations
Bangladesh Rural Development Borad
Banking Regulation & Policy Department
Bangladesh Small and Cottage Industries
Corporation
Bangladesh Samabaya Bank Limited
Bangladesh Textile Mills Association
Capital Adequacy and Market Discipline
Capital Adequacy, Asset Quality, Management,
Earnings and Liquidity
Capital Adequacy, Asset Quality, Management,
Earnings, Liquidity and Sensitivity to Market Risk
Capital Adequacy Ratio
CBSP
CFT
CFT
CIB
CICTAB
xxi
FAO
FATF
FCBs
FDI
FIs
FICO
FICSD
FIU
FLS
FPM
FRTMD
FSPDSME
FSRP
FY
GBCSRD
GDE
GDP
GDS
GFSR
GNS
GoB
H1
H2
HBFC
HFT
HRD-1
HRD-2
HTM
IAD
IADI
IAMCL
IAS
IBA
IBB
ICAAP
ICB
ICC
ICML
ICRG
ICT
IDA
IDCOL
IFC-BICF
IFS
IIFM
IMF
IPFF
IPO
IR
ISTCL
IT
JCS
JICA
JPY
xxii
RAKUB
RBCA
REER
Repo
RM
RMD
RMP
RMU
ROA
ROE
RWA
S&P
SAP
SAARC
xxiii