Dutch-Bangla Bank Limited

CHAPTER- 3
Dutch-Bangla Bank Limited (DBBL)
3. About Dutch-Bangla Bank Limited
3.1 Introduction:
Dutch-Bangla Bank Limited is a Public Company Limited by shares in the Country, with commendable operating performance. Directed by the mission to provide prompt and efficient services to clients, provides a wide range of commercial banking services also. Bank has achieved success among its peer group within a short span of time with its professional and dedicated team of management having long experience, commendable knowledge and expertise in convention with modern banking. With all its resources, the management of the Bank firmly believes that the Bank would be able to encounter problems that may arise both at micro and macro economic levels. The bank incorporated in Bangladesh under company Act 1994. It is also guided by The Bank Company Act 1991 (and its subsequent amendments) and Bangladesh Bank Ordinance 1972, so as to enable the company for doing banking business. The word DUTCH implies that this is a “joint venture” company and Dutch involvement is there.
3.2 Historical Background of Dutch-Bangla Bank:
Dutch-Bangla Bank Limited is a brainchild of founder Chairman, Mr. Mohammad Shahabuddin Ahmed. He dreamed it long back, when he had been trying to arrange fund for Tamijuddin Textile Mills Limited (TTML) and Kader Synthetic Fibers Limited (KSFL) through the traditional banking system. TTML is a public Limited Company. Its main business is yarn manufacturing with conventional spinning Mills of 44000-spindles capacity. KSFL was established with an investment of about Tk2.0 billion and has been manufacturing polyester Draw Texturized and Twisted Yarn. Three international financing agencies like ADB, FMO, AFIC and two local Development financing institutions: BSB & SABINCO have their investment in KSFL, both in terms of loan and equity. The project were implemented, but had to face time and cost over run due mainly to the procedural delay in getting access to credit. Among others this might be a good reason for thinking about a Bank wherein the entrepreneurs will have easy access to modern banking services.
Mr. Ahmed has close relationship with Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden n.v. (FMO), i.e. The Netherlands Development Finance Co. limited since 1983. FMO, a well reputed Holland based international financing institution has bee extending their services, especially in development of SSE, SME and many other socio-economic activities mainly in the developing countries.
3.3 Functions of the Dutch-Bangla Bank:
a. The main task of the DBBL is to accept deposited from Various customers through various accounts.
b. Provides loans on easy terms and condition.
c. It creates loan deposit.

d. The bank invest it fund into profitable sector
e. It transfers money by Demand Draft (DD), Pay Order (PO)
and Telegraphic Transfer etc.
f. The bank is doing the transaction of bill of exchange,
Cheque etc. on behalf of the clients.
g. assists in the Foreign Exchange by issuing Letter of Credit.
h. The bank insures the securities of valuable documents of clients.
I. It brings the increasing power of dimension of transaction.
j. Above all, helps the businessmen financially by giving
Discount facility for bill of exchange and by providing
The facility of Letter of Guarantee.
3.4 Mission & Vision of DBBL :
Mission of DBBL:
In line with its vision, has developed a mission statement, which reads as follows and is self-explanatory:
a) To deliver service excellence to all the customers, both internal and external.
b) Will constantly challenge its systems, procedures and training to maintain a cohesive and professional team in order to achieve service excellence. c) To create an enabling environment and embrace a team based culture where people will excel.
d) To maximize shareholder’s value.
Vision of DBBL:
The vision of is to become “Your Trusted Partner” by transforming the way they do business and developing a truly unique financial institution that delivers superior growth and financial performance and be the most recognizable brand in the financial service in Bangladesh. Dreams of DBBL are to become the bank of choice of the general public, which includes both the consumer and the corporate clients. They want to build such an image that whenever people will think of a bank, they will think of. In order to build up such an image, It has taken up some attractive promotional campaign. They are targeting the young generation in particular because research has shown that people usually have a soft corner for the first bank of their lives and tend to stick to it if they are satisfied with its services. With this plan in mind, is trying to project itself as a vibrant and dynamic organization by introducing state-of-the-art banking technology that will make banking easier and hassle-free to the young generation.
3.5 Business Principles and Values of DBBL:

The DBBL Group is committed to the following ‘Business Principles’: Outstanding customer service; Effective and efficient operations; Strong capital liquidity; Conservative lending policy; Strict expense discipline; also operates according to certain key Business Values; The highest personal standard of integrity at all levels; Commitment to truth and fair dealing; Openly esteemed commitment to quality and competence; A minimum of bureaucracy; Fast decisions and implementation; Putting the Group’s interests ahead of the individual’s; The appropriate delegation of authority with accountability; Fair and objective employer; Merit approach to recruitment/selection/promotion process; The promotion of good environmental practice and sustainable development, and commitment to the welfare and development of each local community; A commitment for complying with the spirit and letter of all laws and regulations.
3.6 Business Philosophy of DBBL:

The philosophy of DBBL is to develop the bank into an ideal and unique banking institution. The perception is that should be quite different from other privately owned and managed commercial bank operating in Bangladesh. is to grow as a leader in the industry rather than a follower. The leadership will be in the area of service, constant effort being made to add new dimension so that clients can get “Additional” in the matter of services to commensurate with the needs and requirements of the country’s growing society and developing economy.
The present management has turned the bank into new business philosophy. The three main businesses that the bank is currently structured in are: Corporate. Consumer. Treasury. The branches of the bank are now termed as “Customer Service” Which are solely concentrated providing service to the corporate and consumer clients and maintain relationship with them.

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