Rajshahi Krishi Unnayan Bank (RAKUB) has attained a net profit worth Taka 2.98 crore during the last 2023-2024 financial year (FY) freeing the curse of continuous losses since its establishment around 37 years back.
Niranjan Chandra Debnath, Managing Director of RAKUB, told BSS that they have also attained cherished success in all financial indicators.
"We have attained a neat profit overcoming the losses of Taka 224.15 crore incurred in the previous 2022-2023 financial year," he said.
At present, the number of loss-making branches has been reduced to 12, declining the number to 48 in the last fiscal year from the previous year's 60.
Apart from this, deposit and debit balances have been inclined to Taka 7,180 crore and Taka 7,837 crore from the previous year's Taka 6,777 crore and Taka 7,587 crore respectively.
On the contrary, the balance of classified loans has been reduced to Taka 1,242 crore from Taka 1,430 crore reaching the classified loan to 16 per cent from 19 per cent.
Niranjan Chandra Debnath also said the RAKUB clients are availing the scopes of opening bank accounts and paying bills of various utility services staining in home.
He said they have launched smart banking with the digital services of online banking, internet banking and electronic fund transfer aimed at bringing dynamism into its banking services.
They have launched the RAKUB service delivery and internet service activities in RAKUB Mobile App through the central e-payment system ekpay of the Aspire to Innovate (a2i) programme.
With this breakthrough, clients of the bank are now opening new accounts from home through e-KYC and submit income tax, VAT and passport fees, QR code based checkless transaction and the iOS version of RAKUB e-banking mobile app.
As the largest development partner in agriculture as well as agro-based industry sector of northwest Bangladesh, currently, the bank has adopted the effective work plan which is being implemented at the grassroots level to make the credit programs easier.
Through 383 branches, RAKUB has been operating its commercial activities in all the 16 northwest districts of Rajshahi and Rangpur divisions targeting the agricultural sector and all its sub-sectors, including agro-processing and industries.
Earlier on August 4, 2023, the bank had launched the system of opening accounts from home through e-KYC, QR code based checkless transaction and the iOS version of RAKUB e-banking mobile app in building Smart Bangladesh.
It had also entered into the era of mobile App and internet banking aimed at bringing dynamism into its banking services on March 23, 2022.
Apart from this, the bank introduced various other modern banking services in all its branches in order to reach banking services to the doorsteps of the public in general.
Around 40 lakh clients of the bank are being benefited in many ways, including banking transactions anytime and from anywhere, bill payment of utility services and opening of new bank accounts from home.
