RAKUB attains Tk 22cr operational profit

Rajshahi Krishi Unnayan Bank (RAKUB) has attained operational profit worth Tk 22.95 crore during the first six months of the current 2022-2023 financial year up by Tk 19.31 crore in the corresponding period of the previous 2021-2022 fiscal year.

The bank had attained an operational profit of Tk 3.64 crore during the first six months of the previous financial year.

Md Zahidul Haque, Managing Director of RAKUB, told BSS that they have also attained operational profit worth Tk 44.8 crore in the last 2021-2022 financial year overcoming the loss of Tk 3.10 crore incurred in the previous 2020-2021 fiscal year.

Their bank has also dropped its net loss of Tk 211.79 crore from Tk 272.64 crore in the last fiscal year.

They attained profit as a result of the painstaking efforts of all officers and employees under a strong monitoring cell.

"We have arranged open loan disbursement programmes, loan fair, loan recovery grand camp and deposit collection fair in all 383 branches," he said.

Meanwhile, the bank disbursed agricultural loans of around Tk 1,954.17 crore aimed at increasing crop production and boosting the rural economy during the first six months of the current fiscal year.

The loans were disbursed through 383 branches in the country's northwest region consisting of 16 districts under the Rajshahi and Rangpur divisions.

Apart from this, the specialised commercial bank also recovered loans of Tk 1,991.88 crore including classified loans of Tk 208.53 crore. It has collected deposits of Tk 657.94 crore during the same period.

Headquartered in Rajshahi, the bank has set a target of disbursing loans of Tk 3,250 crore during the current fiscal year.

Target has also been set to recover loans of Tk 3,526 crore, including classified loans with Tk 500 crore, and raise deposit collection to Tk 3000 crore, said Managing Director Zahidul Haque.

All the zonal and branch managers were asked to infuse more dynamism into all business activities including loan disbursement, recovery especially the classified loan and deposit collection for benefit of both the bank and clients.

"We are very much hopeful about attaining the cherished targets of disbursing loans in all the scheduled sectors within the stipulated time," he added.