Background of the firm

History : Meghna Bank limited is a fourth generation bank which begun its operation from the
9th may, 2013. The chairman of Meghna bank is H.N. Ashequr Rahman and the managing
director and CEO is Mohammed Nurul Amin. Meghna bank is composed of 20 board of directors
and those Board of Directors provides general oversight of the management and administration
of the Bank with respect to strategic planning, financial, risk management, human resources, and
other internal policies, They have a vision which says To be recognised as an essential
institution for the unbanked through zealous participation in the financial inclusion process.
Meghna bank Motto is Together we sail which clarify their commitment toward building up an
enlightened and prosperous nation.
On February 18, 2015 Meghna Bank Securities Limited was incorporated in Bangladesh under
the Companies Act, 1994 as a private Company vide registration no. C-121270/15. The
registered office of the company is located at Suvastu Imam Square, 65 Gulshan Avenue C/A,
Gulshan-1, Dhaka. The Company obtained permission from Bangladesh Securities and Exchange
Commission on September 16, 2015 tooperate as a full-fledged Stock-Broker and Stock-Dealer
bearing registration nos. Reg-3.1/DSE-124/2015/537 and Reg-3.1/DSE-124/2015/536
respectively.
(n.d.). Retrieved from http://www.meghnabank.com.bd/mbl/about.php
(n.d.). Retrieved from http://www.meghnabank.com.bd/mbl/reports/Annual
%20Report-2015_Final.pdf

Financial position and performance of the bank:

The last year, 2015 performance for the bank was satisfactory. Various parameters shows that the
Bank maintained to grow in all respect. Banks total asset and liability increased by Tk. 9.02
billion showing growth of 65.51% over year 2014. Some of the key indicators which reflect
growth of the Bank are given below :
Total Assets:
Major contribution in the overall 65.51% growth in assets of the Bank was from
increase in loans and advances by Tk. 7.193 billion. The growth was 100.01% as
compared to previous year.
 Total Liabilities: Liability under Deposits & Other Accounts increased by Tk.
7.120 billion resulting 79.53% growth over year 2014. Shareholders Equity
increased by over half a billion Taka to Tk. 5.027 billion in year 2015 from Tk.
4.477 billion in year 2014.

Operating income: Total operating income of the Bank increased 112.66% in

year 2015 as compared with year 2014. In year 2015, Bank recorded Tk. 1.334
billion as operative income against Tk. 627 million in year 2014. 277.59%
increase in Investment income and 108.84% increase in Commission Exchange
and Brokerage earning played vital role in the growth of income as growth in Net
Interest Income was 34.44% only which was mainly declining trend of lending
rates.

Credit rating of the bank:

CRISL which is Credit Rating Information and Services Limited has affirmed BBB+
(pronounced as triple B Plus) rating in the Long Term and ST-3 rating in the Short Term with
Stable Outlook to Meghna Bank Limited through an in-depth analysis of the operational and
financial performance of the bank along with all its relevant qualitative and quantitative factors.
The basis of its evaluation was financials of the bank up to December 31, 2014 and other
prevailing factors up to date rating.

Workforce size and workforce management:

The human resource management in meghna bank is concerned about high work effectiveness
and high level performance for the purpose of sustainable development of business through a
motivated workforce. They believe most valuable and volatile asset of any institution is a well-
motivated and stable workforce. From the very start of the journey Meghna bank is using high
tech technology so they didnt need to downsize their employees. There are sixteen branches of
meghna bank situated in eight district and approximately there are 1600 employees work in all
over Bangladesh. The management team of meghna bank control their respective areas of
workforce.