Performance Evaluation of trust Bank as a Financial institution (Part-2)
Subject: Finance | Topics:

Products of TBL

Deposit Products

* Current Deposit Account

Required papers/documents at the time of opening a ‘Current account’

For ‘Individual’ & ‘Joint’ Accounts

1) Introduction of the account.

2) Passport Size photographs [02 copies] duly attested by the introducer.

3) Attested copy of Voter ID Card/Passport/Nationality Certificate.

4) Transaction profile & Information of Customer

In case of ‘Proprietorship Firm’, ‘Partnership’ and ‘Private Ltd Company’ more papers/documents will be required at the time of account opening. Detailed information in these regards can be obtained from our branches.

* Savings Deposit Account (daily product basis)

Following Papers/documents are required to open a Savings Account

Individual [Personal] Account:

1) Introduction of the account

2) Passport size photographs [02 copies] duly attested by the introducer

3) Attested copies of Voter ID Card/Passport/Nationality Certificate

4) Transaction profile & Information of Customer

* Joint Account

1) Introduction of account

2) Passport size photographs [02 copies]duly attested by the introducer

3) Attested copy of Voter ID Card/Passport/Nationality Certificate

4) Transaction profile & Information of Customer

Fixed Deposit (3 months to 3 years term)

TenureRate of Interest
03 months9.50 %
06 months9.75 %
12 months/01 year10%
02 years10%
03 years & above10%

Savings Certificate

The following Savings Certificates of different denominations are available at the Principal Branch, Dhaka Cantonment, Dhaka & Chittagong Cantonment Branch, Chittagong.

  Defense Savings Certificate (8 years)

  Bangladesh Savings Certificate (5 years)

  3 months profit based Savings Certificate (3 years)

  6 months profit based Savings Certificate (5 years)

  Paribar Sanchaypatra (5 years)

Investment Products

Corporate Financing

  • Over Draft (OD)
  • Working Capital
  • Cash Credit
  • Hypothecation
  • Pledge
  • Import L/C
  • Export L/C
  • Gaurantees
  • Time loan

Trust Consumer Durable Scheme (TCDS)

Loans upto Tk, 60,000.00 available for purchase of household durable. Tenure ranges from 6 months to 24 months.

Trust Marriage Loan Scheme (TMLS)

Bank Provides loan upto Tk. 1,00,000.00 for marriage. Easy monthly installment for a maximum period of 48 months.

Trust Car Loan Scheme (TCLS)

Loans upto Tk. 3,00,000.00 available for purchase of car. Maximum period for repayment is 48 months only.

Trust House Building Loan Scheme (THLS)

HouseBuilding loan upto Tk. 12.50 lac available for expansion of residential buildings. Easy monthly installment for a maximum period of 07 years.

Trust Micro Credit for Renovation &  Reconstruction of Dwelling Houses

Small loans of Tk. 20,000.00 Tk. 30,000.00 and Tk. 40,000.00 are given to the low-income group for improving standard and quality of living.

International Trade

International Banking

The Trust Bank Limited, with its wide correspondent relationship with major banks in the world is totally capable to meet your needs of foreign currency transactions and foreign trade services. You can open and maintain Accounts in foreign currencies like US Dollar, Pound Sterling, Japanese Yen and even in Euro with us. With its own Dealing Room, TBL is able to offer you competitive Exchange Rate for all major currencies of the world.

FA Account- FC Account (Foreign Nationals)

Completed Account opening Form signed by the account holder/s and introduced by an existing customer who has a relationship with us at least for 6 months.

Copy of 1 st six pages of passport and relevant page with more than 6 months visa of staying in Bangladesh. (Photocopy of document must be certified as “Original seen/sighted”)
Photograph/s of the signatory/ies /account holders duly attested by the introducer.
Form QA- 22 (in duplicate)
Copy of work permit from Ministry of Industries (where applicable)
Documented proof of address verification to be retained with the mandate.

To open an account when the person not being present personally i.e. in a non-face to face scenario is to obtain at least one additional form of evidence (e.g. copy of utility bills/bank statements/tax clearance certificate/ employer letter/home visit) over and above what would have been obtained in the corresponding face to face situation.

Local Legal & Compliance should be consulted, in case of doubt on the acceptable identification evidence for a particular customer type.

Welcome & follow-up letter’ as part of additional address verification.

Completed KYC template (Appendix-1 & Appendix- 1A for signatories authorized by third party mandate or power of attorney).

Non Resident Foreign Currency Deposit Account

Completed Account opening Form signed by the account holder/s and introduced by an existing customer who has a relationship with us at least for 6 months.
Copy of 1 st six pages of passport. (Photocopy of document must be certified as “Original seen/sighted”).
Copy of work permit/service contract/proof of self employment or business / copy of residence permit.
Photograph/s of the signatory/ies/ account holders duly attested by the introducer.
Documented proof of address verification to be retained with the mandate. This is also applicable for;
For accounts operated by Power of Attorney / authority holder, identify evidence for account holder and the power of attorney / authority holder.

To open an account when the person not being present personally i.e. in a non-face to face scenario is to obtain at least one additional form of evidence (e.g. copy of utility bills/bank statements/tax clearance certificate/employer letter/home visit) over and above what would have been obtained in the corresponding face to face situation.

Local Legal & Compliance should be consulted, in case of doubt on the acceptable identification evidence for a particular customer type.

 ‘Welcome & follow-up letter’ as part of additional address verification.
Completed KYC template (Appendix- 1 & Appendix- 1A for signatories authorized by third party mandate or power of attorney).

Resident Foreign Currency Deposit Account

(Foreign nationals, Bangladeshi nationals residing abroad or those having dual nationality are eligible to open and maintain NFCD A/C.).
Complete Account opening Form signed by the account holder/s and introduced by an existing customer who has a relationship with us at least for 6 months.

Copy of 1 st six pages of passport (Photocopy of document must be certified as “Original seen/sighted”)
Photographs of the signatory/ies / account holders dully attested by the introducer.
Copy of work permit/service contract /proof of self-employment or business / copy of ID card/ copy of residence permit.
Documented proof of address verification to be retained with the mandate. This is also applicable for;
For accounts operated by Power of Attorney/ authority holder, identify evidence for account holder and the power of attorney/authority holder.

To open an account when the person not being present personally i.e. in a non-face to face scenario is to obtain at least one additional form of evidence (e.g. copy of utility bills/bank statements/tax clearance certificate/employer letter/home visit) over and above what would have statements/tax clearance certificate/employer letter/home visit) over and above what would have been obtained in the corresponding face to face situation.

Local Legal & Compliance should be consulted, in case of doubt on the acceptable identification evidence for a particular customer type.
‘Welcome & follow-up letter’ as part of additional address verification.

Completed KYC template (Appendix- 1 & Appendix- 1A for signatories authorized by third party mandate or power of attorney).

Travelers’ Endorsement (Cash and Travelers Cheque)

Remittance of Foreign Currency

Import and Export Transaction

Foreign Exchange Dealing

Purchase of Foreign Currency Drafts, Cheques, Travelers Cheques

Wage Earner’s Development Bond

Initially the following branches offer Locker Services

         I.    Principal Branch, Dhaka Cantonment, Dhaka.

         II.  Dhanmondi Branch, BDR Gate 4, Peelkhana, Dhanmondi , Dhaka 1209

         III. Gulshan Corporate Branch, 110 Gulshan Avenue, Gulshan-2, Dhaka 1212

         IV. Chittagong Cantonment Branch, Chittagong Cantonment, Chittagong.

 

SizeRent (yearly)
BigTk. 1500.00
MediumTk. 900.00
SmallTk. 600.00

 

 

 

Tele Banking

Tele Banking at Principal Branch, Dhaka Cantonment. You don’t  need to visit the branch. You will have the convenience of requesting the services mentioned below.

  • Balance Enquiry
  • Exchange Rate Enquiry
  • Request for Account Statements
  • Enquiry on our Products & Services
  • Change of Account Address
  • Renewal of Fixed Deposit
  • Account Opening Assistance

Interest rates on loans and advances of the bank

Interest rates on loans and advances of the Bank

Particulars of sector

Lending rate of interest % P.A

Agricultural/Agrobased industry

9.00-10.00

Term loan of large scale & medium scale industries

11.00-12.50

Working Capital :
c) Jute Industries

9

d) Others
Export Finance :
c) Jute & Jute Products

7

d) Other Exports
Term Loan :
a) Small & Cottage Industries

10.00-11.00

b) Urban Housing

12

    (Residential) under scheme
c) Urban Housing

13

    (Commercial)
d) Micro Credit

12

e) Small Project Loan

11

f) Transport Loan, Loan against Work Order and Brick Manufacturing

12.00-13.00

g) Consumer Durable Loan Scheme (for 1 year term)

12

h) Consumer Durable Loan Scheme (for 2 years term)

12

i) Car & Marriage Loan (Scheme)

12

Loan against FDR issued from TBL

2% above FDR rate

Loan against pledge of WEDB / ICB

11

Unit/PSP / BSP/ FDR of other Banks
Other Loans

11.00-13.00

INTEREST RATES ON DEPOSITS OF THE BANK

Interest rates of the Deposit of the Bank

Type of Deposit

Period

Rate of Interest per Annum

Savings

5% (daily product basis)

STD

4%

FDR

1 month (for any amount)

10%

FDR

3 months (any amount less than Tk. 5 Crore)

9.50%

FDR

6 months (any amount less than Tk. 5 Crore)

9.75%

FDR

1 year and above (any amount less than Tk. 5 Crore)

10.00%

FDR

3 months (any amount Tk. 5 crore and above but less than TK. 10 crore)

9.75%

FDR

6 months (any amount Tk. 5 crore and above but less than Tk. 10 crore)

10.00%

FDR

1 year and above (any amount Tk. 5 crore and above but less than Tk. 10 crore)

10.25%

FDR

3 months (any amount Tk. 10 Crore and above but less than Tk.25.00 crore)

10%

FDR

6 months (any amount Tk. 10 Crore and above but less than Tk.25.00 crore

10.25%

FDR

1 year and above (any amount Tk. 10 Crore and above)but less than Tk.25.00 crore

10.50%

FDR

03 months (any amount Tk. 25 Crore and above)

10.25%

FDR

06 months (any amount Tk. 25 Crore and above)

10.50%

FDR

1 year and above (any amount Tk. 25 Crore and above)

10.75%

Financial Highlights of The Trust Bank Limited
As on December 31, 2004

SL.

PARTICULAR

FOR THE YEAR 2004

1.

Deposit

9,040,183,740

2.

Advance

6,804,448,553

3.

Total Import L/C

5,755,000,000

4.

Total Export L/C

907,600,000

5.

Foreign Remittance

19.66

6.

Profit after Tax & Provision

216,384,186

7.

No. of Employee

276

8.

Earning per share

44.16

9.

Number of Branches

15

10.

Price Earning Ratio

2.26%

Social Commitment and Future Prospect

This bank has stepped into 9th year of its banking operations so still at its infantile stage but within a short span of time, consolidated its position with all its inherent strength and weakness. This bank would continue to keep its commitment towards societal progress by participating in such programs in future. It would stand by the people through philanthropic activities whenever any crisis and disaster confront them. It will be diversified in the days ahead of the management as they are planning to award students of exceptional academic performance with scholarships in different educational institutions. The TBL’s management expect to launch soon school banking by extending their services, which would encourage parsimony in the students. It would also help in the creation of savings, which could be utilized for pursuing higher studies in future.

The bank is focused on securing quality business. The management is optimistic that the volume of business would continue to increase in the coming years through their pragmatic and customer friendly policies in line with their attempt to open some more branches in the commercially important places of the country. The management and the workforce are properly attuned to take on newer challenges with a view to obtaining high level of performance towards attainment of higher profitability for the bank.

Analysis of financial Review

Credit Deposit ratio

The banks credit deposit ratio is good and it seems that it has improved its performance on this issue from previous month as the ration decreases from 97.21% from 75.25%.

Amount of Classified loans

The bank’s amount of classified loan is less comparatively any other new banks. It shows the strength of human resource, their analysis of financial decision and their recovery power. For the current year it is 1.47 whereas the last year it was 2.

Cost of Fund

Cost of fund is 9.3 for the year 2004 and 8.27 for the year 2003. though it seems that the cost increased but its not increased yet. It’s the normal one as Bangladesh bank imposes some interest.

Return on Investment

The Bank’s ROI is 23%. This shows the most sustainability of the company. And it is 8% more than the previous year.

Return on Asset

The Bank’s ROA is almost doubled than the previous year. It is 2.17 for the year 2004.

 

 

See more Part-

Performance Evaluation of trust Bank as a Financial institution (Part-1)

Performance Evaluation of trust Bank as a Financial institution (Part-2)

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