Dhaka, Aug 9 (UNB) - Bangladesh Development Bank Limited (BDBL) has provided Tk five crore to the government in form of dividend from its own profit for the calendar year 2010.

BDBL chairman Nazem Ahmed Chowdhury formally handed over a cheque of Tk 5 crore to Finance Minister AMA Muhith at a simple ceremony at his Ministry.

Banking and Financial Institution Division Secretary Shafiqur Rahman Patwari, BDBL Managing Director M Zillur Rahman, BDBL board of directors and other high officials of the Finance Ministry were present.

Speaking on the occasion, the Finance Minister said that the government wants to enable the BDBL as an investment banker.

“We’ll provide some funds for the bank within this year,” he said responding to their demand for a fund of Tk 300 crore for the bank.

He also said that the government would consider allowing the bank to enter the capital market.

It is mentionable that the BDBL made a net profit of Tk 64.45 crore in the calendar year 2010 and disbursed Tk 90.23 crore as loan during the same period.

In the last year, the BDBL recovered loan amounting Tk 170.52 crore including Tk 141.37 crore long-term loan against the recovery target of Tk 163.08 crore.

The bank also provided Tk 57.77 crore to government, Bangladesh Bank and different lending institutions as DSL last year.

In January last year, the BDBL started is journey through a merger between Bangladesh Shilpa Bank and Bangladesh Shilpa Rin Sangstha.

The authorised capital of the bank was Tk 1,000 crore, while its paid-up capital was Tk 400 crore.