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Standard Bank Ltd is always ready to help you and your family or business to achieve your financial goals. I feel privileged to share with you our successes, challenges and the future directions in response to ever changing global, national economic and social environment and its impact on the banking industry.

Despite global recession and economic slowdown we had somewhat successful in 2014 and the Bank marched ahead capitalizing the opportunities and overcoming the adversity and challenges. The strong performance and growth in all areas of business operation is a reflection of bank's strength in core business and management. The financial statements for the year 2014 bear testimony of the bank's performance.

Chairman's Message

The Bank posted a gross profit of Tk.3835 million for the year ended December 2014. The deposit and advances grew gradually while the market was very competitive. We carefully progressed with our credit growth by managing various risk profiles and strict monitoring system. The bank is now adequately capitalized with the excellent ratio against risk weighted assets with the least ratio of classification.

The year 2015 is no doubt a challenging year for us. We will make our every endeavor to maintain the quality of assets, keep a close eye on our balance sheet and portfolio of investment. Our prime focus is on improving profitability by bringing growth in loans and advances and deposit base. Our professional workforce has been trying to achieve improved productivity in operations, maintain sound ratings and practices in corporate governance, compliance process and strong capital base. We also put emphasis on return on assets, return on equity and other key performance indicators.

I am happy to announce that our IT infrastructure has already extended its reach across all our branches and providing relentless online services to our valued customers round the clock. IT Division is well equipped with the capacity of Disaster Recovery. Our own switching system is in place and has installed a good number of ATM booths besides expansion of our branch network which will make century in the first half of 2015. Access to our debit cards are pretty wide nowadays, it is used not only in our own ATMs but also in other networks operating in Bangladesh. Our VISA Credit card is now used locally and internationally. We are about to launch Mobile Banking, SMS Alert & Agent Banking with the aim to bring more people who are yet to have access to formal and informal banking network.

Chairman's Message

In line with Bangladesh Bank's guidelines we plan to extend our stake in agriculture and agro based and eco-friendly projects. Accordingly, we have undertaken initiatives to offer agri-loan to marginal farmers under cluster arrangement. We have already included few villages under our branches’ area to enlist farmers and put them under bank's finance for farming or any other productive activities. Such project will be done under pilot scheme of 'ADARSHA GRAM' and this will certainly help alleviate poverty among those who are at the marginal level and have least or no access to bank's finance.

While doing ethical business, we have not lost sight of our commitment to the society that we belong. We proactively take on various state run activities by way of giving financial contribution and at times we undertake our own CSR projects that are solely for disadvantaged groups in our society. Besides, we offer scholarship and other financial assistance to poor but meritorious students particularly in rural areas.

At the end, on behalf of the Board of Directors and on my own behalf, I would like to thank our valued customers and shareholders for their continued support.

I greatly acknowledge our customers' trust and confidence in the bank and hard work, dedication and loyalty of our employees. I extend my gratitude to all the members of the Board, statutory bodies and Bangladesh Bank for their continued support and guidance.

May Allah guide us for prosperity and well being of the bank in the days to come.

Kazi Akram Uddin Ahmed
Chairman