RAKUB intensifies agro-based economy in northwest region
RAJSHAHI, Sept 30, 2022 (BSS) - Rajshahi Krishi Unnayan Bank (RAKUB) has been
contributing a lot towards bolstering the agro-based economy through
financial investment in the country's northwest region.
The specialized state-owned commercial bank has been providing loans to the
grassroots farmers to supplement the government efforts of making the country
self-reliant in food production.
The Board of Directors of the bank revealed this while sharing their views in
the 553rd board meeting with its Chairman Roisul Alam Mondal in the chair
here on Thursday.
Through its 383 branches at present, RAKUB has been operating its activities
as the largest development partner in all the 16 northwest districts of
Rajshahi and Rangpur divisions targeting the agricultural sector and all its
As the largest development partner in agriculture as well as agro-based
industrial sector of northwest Bangladesh, currently, the bank has adopted
the effective work plan which is being implemented at the grassroots-level to
attain all the targets within the stipulated time.
RAKUB has not only developed the agricultural sector in the country's
northwest region but also played a vital role towards its industrialisation.
RAKUB Managing Director Zahidul Haque and Directors GSM Zafarullah, Sabirul
Islam, Dr Abdul Hai Sarker, Nazrul Islam, Shah alam and Abdur Rouf joined the
meeting held at RAKUB headquarters boardroom.
Zahidul Islam told the meeting that their bank has attained operational
profit worth Taka 44.8 crore in the last 2021-2022 financial year overcoming
the loss of Taka 3.10 crore incurred in the previous 2020-2021 fiscal year.
In addition to dropping neat losses of Taka 211.79 crore from Taka 272.64
crore in the last fiscal year they attained the profit as a result of
painstaking efforts of all officers and employees under a strong monitoring
The bank is bringing all existing agricultural potential sectors and sub-
sectors under qualitative and quantitative investments to make the region's
agro-based economy more vibrant.
Zahidul Islam said loans worth Taka 3,183 crore, including classified loans
of Taka 3,290 crore were disbursed against the target of 3,000 crore in the
last fiscal besides mobilizing deposits of Taka 6,757 crore.