Credit Risk Management of Janata Bank Limited

Abstract

The legacy of rebuilding the already damaged financial base of the country was felt as an urgent call of the day against a collapsed economic reality of a newly born state with the advent of Bangladesh as an independent, sovereign state in 1971 after a devastating nine-month war against the West Pakistani occupation army, a war, full of blood and tears, trauma and pain of millions of our beloved ones. On November 15th, 2007, Janata Bank changed its structure to become a public limited company under the name Janata Bank Limited and registered with the Joint Stock of Registrars. At the end of 2019 the Bank held Deposit BDT 691,409,372,051, Advance BDT 548,473,941,439 with Authorized capital BDT 30,000 million and Paid-up Capital BDT 23,140 million. Janata Bank operates its business with 915 branches throughout the nation, including 4 overseas branches in the United Arab Emirates. Its head office is located at Janata Bhaban at Motijheel C/A, in the center of the capital city of Dhaka, and it employs a large family of approximately 11,463 people (as of 31.07.2020). Since her embankment right after the emergence of this verdant rich alluvial soil as a sovereign, independent state, Janata Bank Limited, a corporate body trusted over time and the second largest (in respect to Deposits/Assets) commercial bank in Bangladesh, has played a crucial role in overall financial activities of the nation. She also has a long history of providing laudable services to the society. Others in this industry can't help but want to reach the benchmark of success attained by JBL because of the Bank's commitment to the national economy and social transformation.