Janata Bank PLC holds 18th Annual General Meeting
Janata Bank PLC held its 18th Annual General Meeting (AGM) today at the bank's headquarters in Motijheel, with Chairman Md. Fazlur Rahman presided over the session.
During the meeting, it was reported that as of December 2024, the bank's total deposits stood at Tk 1,09,810 crore, achieving 95.49% of the target. The bank's total assets amounted to Tk 1,47,137 crore, reflecting a 6.08% growth. The bank facilitated imports worth Tk 43,325 crore and exports worth Tk 8,155 crore, while foreign remittance inflows reached Tk 20,289 crore—the highest among state-owned banks.
In the same period, the bank recovered Tk 303 crore in classified loans and Tk 66 crore from written-off loans in cash. Due to the success of campaigns and the launch of attractive, high-yielding products, the number of depositors increased by 5.2 lakh, bringing the total to nearly 9.8 million.
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Managing Director Md Mojibur Rahman presented a detailed overview of the bank's business performance across various segments. The AGM was also attended by Md Azimuddin Biswas, NDC, Additional Secretary of the Financial Institutions Division, and bank directors Badre Munir Ferdous, Dr Md Abdus Sabur, Abdul Majid Sheikh, A.K.M. Khabir Uddin Chowdhury, Abdul Awal Sarkar, Dr Md Shahadat Hossain, Md Ahsan Kabir, Md Kawsar Alam, and Md Obaidul Haque, along with Deputy Managing Directors, General Managers, and other senior officials. The meeting was conducted by the bank's Company Secretary, Md Abdul Alim Khan.
In his speech, Chairman Md Fazlur Rahman stated that Janata Bank has launched e-Janata, a state-of-the-art mobile banking app that offers QR-code-based cash withdrawal from any branch without the need for a chequebook. Customers can also transfer funds to other banks, pay DPS and loan instalments, and send money to bKash or Nagad wallets directly through the app.
Managing Director Md Mojibur Rahman also reported that in 2024, Janata Bank deposited Tk 1,560 crore in VAT and excise duties to the government exchequer—Tk 123 crore more than the previous year. Additionally, the bank's subsidiary, Janata Capital & Investment Ltd, recorded an operational profit of Tk 17 crore.
