Roles of Commercial Bank
Here a brief discussion on different roles of commercial banks.
Contribution to economic development:
The commercial banks are described now a day by many agents of economic development and social change. Their functions and roll are undergoing revolutionary changes client coverage and extended beyond imagination.
The intermediary role:
The saving / investment advisers role: Aiding customers in fulfilling their long rang goals for a better life by building, managing, and protecting savings.
Bank deposit is increased by Tk. 8610 crore (5.9%) to Tk.. 154423 crore during October to December, 2005 compared to increased of Tk. 3194 crore (2.2%) and Tk. 7421 crore (6%) respectively. During the previous quarter and corresponding of the preceding year.
Employment generator:
Types of Bank No. of branches Total Employee
Year 2003 2004 2003 2004
NCBs 3397 3388 58630 57588
DFI 1314 1328 16420 15877
PCBs 1510 1550 31905 34343
Foreign 32 37 1502 1582
Total 6253 6303 108457 109390
Source: Bangladesh Bank Annual Report, 2005, Page: 36
For export growth:
Growth of the bank credit up to 2005 in crore PCBs
Year Advances Import and Export Total Bank Credit
1994-95 32327 1121 33448
1995-96 36758 1233 37991
1996-97 40792 1682 42474
1997-98 46257 2005 48262
1998-99 52380 2040 54420
1999-00 57474 2271 59745
2000-01 66365 3524 69889
2001-02 75000 3639 78639
2002-03 83446 4223 87669
2003-04 92221 7060 99281
2004-05 108860 8295 117155
Source: Bangladesh Bank Bulletin Volume: XXXIII Nuber 4 Oct-Dec, 2005 page106.
Total export receipt up to 2005: (in crore)
Year Cash
2000-01 31419
2001-02 30936
2002-03 33243
2003-04 40581
2004-05 50731
Source: Bangladesh Bank Bulletin Volume: XXXIII Nuber 4 Oct-Dec, 2005 page.258