Profile of Export Import Bank Bangladesh Limited Career News

Profile of Export Import Bank Bangladesh Limited

 

Historical Background of Export Import Bank Bangladesh Limited
Export Import Bank Bangladesh Limited was established under the rules & regulations of Bangladesh bank & the Bank companies’ Act 1991, on the 3rd August 1999 with the leadership of Late Mr. Shahjahan Kabir, founder chairman who had a long dream of floating a commercial bank which would contribute to the social-economic development of our country. He had a long experience as a good banker. A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialize his dream. In deed, all of them proved themselves in their respective business as most successful star with their endeavor, intelligence, hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder became the honorable chairman after the demise of the honorable founder chairman.
Of its very beginning, EXIM Bank Bangladesh limited was known as EXIM Bank, which stands for Bangladesh Export Import Bank Limited. But for some legal constraints the bank renamed as EXIM Bank, which means Export Import Bank Of Bangladesh Limited.
The bank starts its functioning from 3rd August 1999 with Mr. Alamgir Kabir, FCA as the advisor and Mr. Mohammad Lakiotullah as the Managing Director. Both of them have long experience in the financial sector of our country. By their pragmatic decision and management directives in the operational activities, this bank has earned a secured and distinctive position in the banking industry in terms of performance, growth, and excellent management

Corporate Slogan of Export Import Bank Bangladesh Ltd
Shariah Based Islami Bank

Vision
The gist of our vision is ‘Together Towards Tomorrow’. Export Import Bank of Bangladesh Limited believes in togetherness with its customers, in its march on the road to growth and progress with service. To achieve the desired goal, there will be pursuit of excellence at all stages with climate of continuous improvement, because, in Export Import Bank Bangladesh Ltd. we believe, the line of excellence is never ending. Bank’s strategic plans and networking will strengthen is competitive edge over others in rapidly changing competitive environment.


Its personalized quality services to the customers with trend of constant improvement will be the cornerstone to achieve our operational success.

Mission :
The Bank’s mission gives emphasis to:
1. Provide quality financial services especially in Foreign Trade
2. Continue a contemporary technology based professional banking environment
3. Maintain corporate & business ethics and transparency at all levels
4. Sound Capital Base
5. Ensure sustainable growth and establish full value to the honorable stakeholders
6. Fulfill its social commitments and
7. Above all, to add positive contribution to the national economy

Objective of the Export Import Bank Bangladesh Ltd
 To carry on, Transact, undertake and conduct the business of Banking in all its branches and to transact and do all matters and things incidental there to in Bangladesh and abroad.
 To receive, borrow or raise money on deposits, loan or otherwise, upon such terms as the Company may approve and to hive guarantees and indemnities in respect of all debts and contracts.
 To establish welfare oriented Banking systems.
 To play a vital role in human development and employment generation.
 To invest money in such manner as may from time to time be thought proper.
 To carry on the business of buying and selling bullion, gold and other valuable assets.

Corporate Culture
During the last two decades Corporate Culture has become an important theme in business as an intangible concept which clearly plays a meaningful role in corporations, affecting employees and organizational operations. It is not the only determinant of business success or failure, a positive culture can be a significant competitive advantage over organizations with which a firm competes. We, as an amenable bank, believe if the employees identify with the culture, the work environment tends to be more enjoyable, which boosts morale and leads to increased levels of teamwork, sharing of information, and openness to new ideas.

Prime Operational Area of the Bank

As a full-fledged Islamic bank in Bangladesh Export Import Bank Bangladesh Ltd. extended all Islamic banking services including wide range of saving and investment products, foreign exchange and ancillary services with the support of sophisticated IT and professional management. The investment portfolio of the bank comprises of diversified areas of business and industry sectors. The sectors include textiles, edible oil, ready-made garments, chemicals, cement, telecom, steel, real state and other service industry including general trade finance. The bank has given utmost importance to acquire quality assets and is committed to retain good customers through customer relationship management and financial counseling. At the same time efforts have been made to explore/induct new clients having good potentiality to diversify and create a well established structured investment portfolio and to minimize overall portfolio risk.


Core Banking Solution
Core banking solutions are banking applications on a platform enabling a phased, strategic approach that is intended to allow banks to improve operations, reduce costs, and be prepared for growth. Implementing a modular, component-based enterprise solution facilitates integration with a bank's existing technologies. An overall service-oriented-architecture helps banks reduce the risk that can result from manual data entry and out-of-date information, increases management information and review, and avoids the potential disruption to business caused by replacing entire systems.

Core banking solutions is new terminology frequently used in banking circles. The advancement in technology, especially Internet and information technology has led to new ways of doing business in banking. These technologies have cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as core banking solutions. Here, computer software is developed to perform core operations of banking like recording of transactions, profit calculations on loans and deposits, customer records, balance of payments and withdrawal.



This software is installed at different branches of bank and then interconnected by means of communication lines like satellite, internet etc. It allows the user (customers) to operate accounts from any branch if it has installed core banking solutions. This new platform has changed the way banks are working.

Export Import Bank Bangladesh Ltd. uses the Islamic Banking Solution of Temenos T24 as core banking solution.

Management Team of Export Import Bank Bangladesh Ltd.

Managing director & CEO

Dr. Mohammed Haider Ali Miah

Deputy Managing Director

Mr. Abdul Latif Barabhuiya
Mr. Md. Sirajul Islam
Mr. SirajulHaqueMiah

Senior Executive Vice-president

Mr. Md. FazlurRahaman
Mr. KhondokerRumyEhsanulHaq
Mr. Md. GolamMahbub


Executive Vice-president

Mr. Karimuzzaman
Mr. Mohammad Alamgir
Mr. A.Y.M. Naimul Islam
Mr. Shah Md. Abdul Bari
Mr. Sk. Bashirul Islam
Mr. Md. HumayunKabir
Mr. Md. FerozHossain
Mr. Sheik MoyeenUddin
Mr. Md. Muniruzzaman
Mr. MdShahidullah
Mr. MoniruzzamanChowdhury
Mr. ShahidurRahman

Source: Annual report of Export Import Bank Bangladesh Ltd. 2014.

 


Organizational Structure


Chairman

Board of Directors

Managing Director

Deputy Managing Director

Senior Executive Vice President

Executive Vice President

Senior Vice President

Vice President

Senior Assistant Vice President

Assistant Vice President

Senior Principal Officer

Principal Officer


Executive Officer

Officer


Management Trainee Officer

Junior Officer

Assistant Officer

Trainee Assistant Officer

Source: Annual report of Export Import Bank Bangladesh Ltd. 2014.

 

Shariah Supervisory Committee of the Bank
EXIM Bank started its banking operation as a conventional Bank since August 03, 1999. To suit the demand of time as well as to reach the Islami Banking Business to a large community, EXIM Bank the first pioneer in the country converted its mode of operation and started its pace as full fledged Islami Bank since July, 2004. To ensure the proper implementation of Islami Banking Principles in its operation, the bank framed a strong Shariah Supervisory Committee consists of following 11 (eleven) learned & elite Mufti, well reputed Economists and Bankers of the country.

Moreover, the under mentioned experienced Muraqibs are employed to supervise & monitor the day to day operation of the bank as well as provide necessary guidelines in order to ensure full compliance of Shariah Principles which created a distinguished difference from the conventional banks and secured a strong position in Banking Arena.

Member of Shariah Council

 

 

 

Source: Annual report of Export Import Bank Bangladesh Ltd. 2014.

Corporate Social Responsibility
At least 2% of our annual profit of every year is put aside for the foundation to conduct Corporate Social Responsibilities (CSR) activities. The mainstream CSR activities that are carried out through this foundation are:
1) Healthcare service.
2) Scholarship program for brilliant poor student
3) Education Promotion Scheme
4) Helping people affected by natural calamities
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5) Helping people in slum areas
6) Donation to educational institutions to setup computer lab
7) Beautification of Dhaka City

Awards & Achievements
• First private sector bank to open exchange house in UK.
• Implementation of the world renowned Core Banking Software (TEMENOS T24)
• Conversion from Conventional Banking to Shariah Based Islami Banking

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