Janata Bank Limited, the second largest commercial bank in Bangladesh, has an authorized capital of Tk. 800 crore (approx. US$ 115.99 million), paid up capital of Tk. 259.39 crore (approx. US$ 37.61 million) and reserve of Tk.172.65 crore (approx. US$ 25.03 million).
The Bank has a total asset of Tk. 21266.39 crore (approx. US$ 3083.4 million) as on 31st December 2006. Immediately after the emergence of Bangladesh in 1971, the erstwhile United Bank Limited and Union Bank Limited were nationalized and renamed as Janata Bank Limited.
Janata Bank Limited operates through 848 branches including 4 overseas branches at United Arab Emirates. It is linked with 1198 foreign correspondents all over the world.
The Bank employs more than 13(Thirteen) thousand persons.
The mission of the bank is to actively participate in the socio- economic development of the nation by operating a commercially sound banking organization, providing credit to viable borrowers, efficiently delivered and competitively priced, simultaneously protecting depositors funds and providing a satisfactory return on equity to the owners.
The Board of Directors is composed of 11 (eleven) members headed by a Chairman. The Directors are representatives from both public and private sectors.
The Bank is headed by the Managing Director (Chief Executive), who is a reputed banker.
The corporate head office is located at Dhaka with 35 (thirty five) Divisions.
Recently The Bank has been recognized Internationally and Domestically for it’s good performance.
International Award-The Bank of the Year-2001
The Banker, a magazine of the London based Financial Times Group of Companies, has voted Janata Bank Limited as the bank of the year for Bangladesh for 2001. While making this selection the panel has recognized the efforts made by Janata Bank Limited in recent times for improving its performances. The bank has also been included in the listing of top 200 Asian Banks for the year 2001. This listing will be available to delegates attending the forthcoming IMF/Word Bank meeting in Washington. The September edition of the Banker will also highlight the recent achievements of Janata Bank Limited. Besides, a certificate of merit and a bank of the year logo will be given to Janata Bank Limited for exclusive use on all publicity and advertising.
It may be noted here that Janata Bank Limited has been working hard in improving the customer services in recent times by introducing a number of IT-based reform measures.
Janata Bank Limited gets “The Banker Award-2003”
The Banker, an International Banking Magazine of the Financial Times group in London has selected Janata Bank Limited as “The Bank of the Year, 2003” among all other banks in Bangladesh. The Banker’s assessment for award is based on a number of criteria. Besides core data and results, the criteria include key growth and performance measures, the use of technology and particular achievement in the past and overall strategy, it may be mentioned that Janata Bank Limited could achieve the same award for the year 2001.
Janata Bank Limited receives “Asian Banking Awards 2004” on Financing Program for Women Entrepreneurship
Financing program for Women Entrepreneurship of Janata Bank Limited has highly been commended as a Runner-Up in the Micro-Finance Product or Program category of the Asian Banking awards 2004. The Awards were presented by the Asian Bankers Association (ABA) and Bank Marketing Association of the Philippines (BMAP) in the Asia Pacific Bankers Congress (APBC) 2004 on March 26, 2004 in Manila, Philippines.
International Award -The Bank of the Year-2004 in Bangladesh
Janata Bank Limited has been awarded as ‘The bank of the year 2004 in Bangladesh’ by the London based Financial Magazine The Banker of the Financial Times Group. This is for the second consecutive year that the Janata Bank Limited has been awarded ‘Bank of the year’. Janata Bank Limited shows a remarkable progress in the year 2003. Its return on assets was 1.36% and return on investment was 6.47% respectively. Janata Bank Limited is also emerging as the strong and innovative bank within the country. The profile of its success is enriched by a package of new qualitative product lines, prudent liability and assets management and others. Most of the key financial indicators of the bank showed a very positive improvement at the year ended December 2003.
International Award -“World’s Best Bank Award-2006 in Bangladesh
Janata Bank Limited was awarded Best Bank-Bangladesh in the Global Finance, World’s Best Bank Awards, 2006 by New York based Financial Magazine “Global Finance”. “Global Finance” has identified winning banks based on number of criteria including growth in Assets, Profitability, Customer Service, Product innovation and Advanced Technology.