JANATA Bank Limited welcomes you to explore the world of progressive Banking in Bangladesh. It is a state owned commercial bank and is catering the need of the mass business people. It was corporatised on 15thNovember 2007. Janata Bank was born with a new concept of purposeful banking sub serving the growing and diversified financial  needs of planned economic development of the country. 

Our commitment and the people's belief in us have given us the edge over others to earn this trust about the safe keeping of their money in the right kind of Banking dsfdfnfgjhjyghj channel.

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The main focus of Janata Bank Limited Credit Line/Program is financing business, trade and industrial activities through an effective delivery system.Janata Bank Limited offers credit to almost all sectors of commercial activities having productive purpose.The loan portfolio of the Bank encompasses a wide range of credit programs covering about 200 items.Credit is also offered to 15 (fifteen) thrust sectors, as earmarked by the Government., at a reduced interest rate to develop frontier industries.Credit facilities are offered to individuals, businessmen, small and big business houses, traders, manufactures, corporate bodies, etc.Loan is provided to the rural people for agricultural production and other off-farm activities.Loan pricing system is customer friendly.Prime customers enjoy prime rate in lending and other services.Quick appreciation, appraisal, decision and disbursement are ensured.Credit facilities are extended as per guide-lines of Bangladesh Bank (Central Bank of Bangladesh) and operational procedures of the Bank.

 

Janata Bank Limited has already established a world wide network and relationship in international Banking through its 4 (four) overseas branches and 1198 foreign correspondents.The Bank has earned an excellent business reputation in handling and funding international trade particularly in boosting export & import of the country.The Bank finances exports within the frame-work of the export policy of the country.It is one of the pioneers in promoting back to back Letter of Credit for the RMG (Ready Made Garments) sector.

To boost up country's Export, Janata Bank Limited has been providing different kinds of assistance to exporters. Some of which are as under:-

Providing Pre-Shipment and  Post-Shipment  Finance, Export Guarantee and bonding facility etc.

Concessional rate of interest for exports Finance.

Back to Back L/C under bonded Warehouse facility

Sight & Unasked L/C against Firm Contract for import of raw materials.

Sight L/C under EDF Exporter's Retention Quota A/C both

interest bearing and non-interest bearing.

Export incentive Program. Banking at Export Processing Zone Scope for establishment of export

oriented industry by 100% foreign investment and by joint-venture

The sole bank to disburse Government Export Promotion Fund against export of Computer Software & Data Entry Processing

Undergone to an agreement with

 Through quite a good number of Authorized Dealer Branches and 1198 nos. foreign correspondents world wide Janata Bank Limited has been extending full range import and relevant finance facilities.

Import  Items :

Capital Machineries and Industrial raw materials.Fuel & Lubricants.

Intermediate goods.

Bangladesh Bank to obtain fund from Government EEF (Equity & Entrepreneurship Fund) to build up entrepreneur's equity.

Providing services to the exporter by utilising most modernised technology like Swift, Reuters, Internet, Fax etc. Our bank E-mail no. is id-obd@janatabank-bd.com any latest business information will be available at our website; www.janatabank-bd.com

Consultancy and advisory services by an expert group of officials.

Special export financing program towards computer software data entry and service export.

Salient Features:

A. A  Firm or Company having valid ERC, necessary infrastructural and technical facilities and sufficient skilled man power related computer.

B. Member of BASIS or BCS.C. Having Computer Literacy or related

professional background.D. Preference to the firm/company

having prior experienceE. Satisfactory performance

Certificate/Acceptance Letter from Counterpart abroad.

F. Valid Export Orders are in hand.

�   Scope of Further Expansion

Software and data entry Jewellery Frozen fish Dry & dehydrated fish Processed and semi-processed food

fishes and shrimps Electrical and electronics item Toys and Luggage Fashion item Leather goods

Consumer durable, spare parts and equipments.Consumer goods  : Food & Food Grains, Baby food,  Petroleum, CDSO (Crude Degummed Soya bean Oil), CPO (Crude Palm Olin) Oilseeds, Cement Clinker, Construction Materials, Fertilizer, Chemicals and many other goods permissible by Import by Import Policy of the country.

Facilities  Offered :

Opening of L/C at competitive/ reasonable margin and commissionInterest at concession rate  on import finance to the prime customers & interest  rebate facilities.

Import Trend

Setting Industrial vision to facilitate  optimally, bank's involvement has been showing sharp rising trend as under:

Year Taka in Million

2000 48004.80

2001 54666.30

2002 58889.10

2003 60476.80

2004 74919.70

2005 72912.20

2006 128809.00

2007 84065.40

Stationary goods Diamond cutting  and polishing Orchid Gift item Bamboo, Cane and Wooden furniture

Janata Bank Limited also provides the following loans:

Working Capital Loan from EPB under Government Export Promotion Fund (EPF),

Government Equity and Entrepreneurship Fund from Bangladesh Bank

�      WORKING CAPITAL LOAN FROM EPB UNDER THE GOVERNMENT EXPORT PROMOTION FUND

The eligibility for obtaining this loan is:-

a. Limited Company, Partnership or Proprietorship firm having valid ERC and members of BASIC or BCS.

b. Commercially & technically viable and profitable as per assessment of EPB.

c. Latest one among the Entrepreneurs should be computer literate having a degree or diploma in computer.

d. Number of programmers will be at least 5 among which at least 3 having degree or diploma in computer science.

e. An established computer software firm which has at least 5 PC and necessary Printers, UPS, IPS, Generator, Voltage Stabilizer etc with LAN and E-mail/Internet facility.

 Salient Features of the above Loan

a. Minimum loan amount will be 50% of export order or Tk. 2.5 million whichever is lower,

b. Export order will remain valid upto one year. Rate of interest @6.00% simple & service charge @2.5%. In case of default to repay in due time, additional 0.50% service charge will be realized.

c. Export proceeds to be repatriated through the designated bank i.e. Janata Bank Limited, Janata Bhaban Corp. Branch.

d. Loan amount including interest will be adjusted from the export proceeds.

e. Loan sanctioning authority is EPB and as per their sanction letter Janata Bhaban Corp. Br. will disburse the loan applying all the formalities as per MOU made between Janata Bank Limited and EPB.

 �      GOVERNMENT EQUITY AND ENTREPRENEURSHIP FUND FROM BANGLADESH BANK

 Eligibility for obtaining the fund and Salient Features:

a. New project, registered as Private Limited Company under company Act 1994.

b. Total project cost including net working capital will not be less than Tk. 15 million.

c. The project should be viable in consideration of its technical, management & economical aspect.

d. Equity participation will be 1/3 of the total project cost, out of which Bangladesh Bank equity participation will not be more than 49%.

e. Bank's loan if any and entrepreneurs own contribution to be fully utilized before utilizing EEF.

f. The company will issue equal amount of share against EEF in favour of Peoples Republic of Bangladesh and to be submitted to the concern bank. The EEF share will be entitled to get dividend as declared by the company or 5% P.A, whichever is higher,

g. The entrepreneur will buy back the share within first three years face value plus 5% P.A.

h. In case of default to repay the fund due to genuine loss, 90% of the EEF will be borne by

Bangladesh Bank and remaining 10% by the concerned financial institution.

�      Financial assistance to boost up export :

Concessional rate of interest.Export incentive programs.Export Processing Zone facility.Scope of establishment  of export oriented industry by 100% foreign investment and by joint venture.Full fledged infrastructural and logistic support for export i.e. project finance, working capital, pre-shipment & post-shipment export finance, guarantee, bonding facility, etc.Consulting facility by an expert group of officials.

�    REPATRIATION OF EXPORT PROCEEDS AND REPORTING PROCEDURE TO BANGLADESH BANK

a. Export proceeds is repatriable within the month of export through banking channel either by TT or Bank Draft.

b. In case of export in physical form i.e. through compact disk, Diskette, Tape etc. exporters are to be declared before shipment on EXP Form as applicable to visible commodity export.

c. In case of export through Electronic Media i.e. through VSAT, INTERNET etc. repatriation of export proceeds to be declared through Form 'C' alongwith copy of export order.

�    SOME NEW EXPORT CREDIT SCHEME AND PRODUCTS :

a.

National and Janata Bank Limited's Export Performance

In 2011 Janata Bank Limited's export target is Tk.-14,400.00 cr and the achievement is             Tk.- 15,375.82 cr what is about 109.82% of the target with 29.74% growth.

Export growth of Janata Bank Limited (2002-2011):                                                                                                 (Taka in Core)

Year Target AchievementAchievement

RateGrowth

2002 4000.00 3445.46 78.84% +6.38%

2003 4000.00 4286.49 107.16% +24.40%

2004 4800.00 5462.33 113.80% +27.43%

2005 6825.00 5839.48 85.56% +6.90%

2006 7000.00 7089.66 101.28% +21.40%

2007 7,798.38 7185.55 92.14% +01.35%

2008 8622.66 8541.78 99.06% +18.87%

2009 6648.00 8565.31 128.84% +00.28%

2010 10500.00 11851.52 112.87 +38.37%

2011 14000.00 15375.82 109.82% +29.74%Contribution to National Export business of Janata Bank Limited                                                                               (Million US$)

National ExportContribution to National Export of

Janata Bank Limited

Financial Year Target Achievement Achievement Percentage

2003-2004 7227.70 7603.00 632.90 8.21%

2004-2005 8565.78 8655.00 692.80 8.00%

2005-2006 10159.20 10526.16 958.02 9.10%

2006-2007 12500.00 12187.50 1057.68 9%

2007-2008 14500.00 14111.08 1107.50 8%

2008-2009 16298.43 15565.19 1293.21 8%

2009-2010 17600.00 16204.65 1407.11 8.68%

2010-2011 18500.00 22924.38 2075.38 9.05%Commodity-wise Export performance: 2005 to 2011                                                                          (Taka in Core)

Year

RMG Frozen Fish

Hide & Skin

Raw Jute

Jute Goods

Vegetables

Tea Others Total

2005

2933.47

595.63 615.34 56.80 479.87

126.58 9.64

1022.15

5839.48

2006

3549.82

674.47 758.66 68.84 544.40

136.35 2.79

1354.33

7089.66

2007

3540.93

743.28 780.70 75.91 495.55

127.05 1.94

1420.19

7185.55

2008

4214.55

797.60 837.55 74.68 644.54

162.90 5.20

1804.76

8541.78

2009

4447.82

817.53 1021.22

101.78

521.41

156.60 2.09

1796.86

8865.31

2010

6367.07

1032.42

1318.93

182.74

790.16

163.54 0.20

1996.46

11851.52

201 9597.2 1427.5 1899.8 146.3 916.6 211.64 0.0 1176.5 15375.8

1 8 4 6 0 3 0 7 2Comparative month wise export performance /2010 - 2011                                                                             (Taka in Core)

2010 2011Month Taka 

(In cr)Rate Total Million

USDMonth   Taka 

(In cr)Rate Total Million

USDJan. 776.95 69.21 112.26 Jan. 1217.20 71.08 171.24Feb. 821.13 69.37 118.37 Feb. 1198.38 72.28 165.79Mar. 932.95 69.27 134.68 Mar. 1425.24 72.98 195.29Apr. 863.44 69.31 124.58 Apr. 1155.87 73.18 157.94May 842.76 69.38 121.47 May 1404.75 73.68 190.65June 956.02 69.41 137.74 June 1468.57 74.38 197.44July 886.56 69.45 127.65 July 1360.15 74.73 182.01August 1199.11 69.60 172.29 August 1488.73 74.93 198.68September 1271.57 69.82 182.12 September 1047.47 74.88 139.89Octobor 967.91 70.30 137.68 Octobor 1262.75 75.38 167.52November 1141.39 70.35 162.24 November 1043.22 76.28 136.76December 1191.73 70.70 168.56 December 1303.49 80.48 161.96Total 11851.5

21699.64 Total 15375.8

22065.17

b.

Four Products:   To increase export business providing the exporter more foreign currency, to stregthen their production capacity, to facilitate the in every maximum scope, the bank launched new four credit products by june'2003. These products have been proved to be fruitful adding Tk.2.00cr(approx.) more to the banks annual income through export business.These new four credit products are as follows in brief:i)P.C. : In addition with the existing working capital it provides exporters emergence need to

execute their foreign order.

ii)C.C. : For importing bulk quantity of dies, chemical it is a great support for the exporter.

iii) Mid term Loan : For importing generator, small machines, vehicles for emergency need.

iv)PAD, Cash(F.C.) : For importing capital machinery.c.

 E.F.S. : According to the prior approval of Bangladesh Government Janata Bank Limited has been the National Agent of IDB (Islamic Development Bank) for the implementation of their EFS (Export Financing Scheme) programme in Bangladesh. In this regard the bank signed an Agency Agreement on 24 April, 2004 at IDB's Head Office at Jeddha, KSA.

Through EFS, the bank undertakes to purchase the goods directly from the exporter or the national  agencies in the participating member countries and sell them to the importer again a profit margin to be determined and negotiated on a case-to-case basis, means "Murabaha"

or "Installment Sale".

# The scheme includes 24 member countries.#Goods must be produced in member or OIC countries.#Payment periods :*Consumers goods-----------------------------------not more than 24months.*Intermediate goods and raw materials---------------not more than 36months.*Capital goods---------------------------------------not more than 120months.#Security :*As security, importers are to obtain bank guarantee from bank or financial institutions, which are acceptable to IDB or from the Islamic Corporation for Insurance of investment and export credit, a wholy owned subsidiary of IDB. Corporate guarantees from reputable parties can also be accepted as alternative to the guarantee.

 

Account Trade arrangement between the Government of Thailand and Government of Bangladesh.

Transactions under Account Trade Arrangement:

The Commerce Ministers of Bangladesh and Thailand met on 09-07-2002 to discuss ways and means of accelerating bilateral trade between the two countries. They agreed that an Account Trade Arrangement would be an effective way of achieving that objective. They agreed to designate banks from each side to elaborate in details the form and structure of such arrangement, with a view to finalizing an account trade arrangement between the two countries.

All transactions/payment of the export/import will be sight basis; but the designated banks of both sides will settle the account between themselves at the end of each 6 months under the account trade arrangement instead of making payment case to case basis. For this purpose each bank has opened an USD account in their books for the other and a credit line of USD 5 million has been allowed to each other for transacting under the arrangement. That is the payment by one bank on behalf of another bank shall not exceed USD 5 million during the period of each 6 months.

In order to facilitate the promotion of the trade under such arrangement and to minimizing monetary transfers, the 2 sides agreed to encourage their private and public sectors to take advantage of such arrangement and to nominate two banks of the two countries to act under the

arrangement. Janata Bank Limited and Export-Import Bank of Thailand have been nominated to act under the arrangement on behalf of Bangladesh and Thailand respectively.

Accordingly a Bilateral Banking Arrangement Agreement has been signed by the two nominate banks on 08-12-2003 at Dhaka in presence of representatives of the respective government.

The Arrangement will be used for settlement of all payments resulting from trade transactions of goods and services between Bangladesh and Thailand.

To facilitate the promotion of trade under such arrangement, indicative list of export products has been determined by two sides, which are mentioned below that is the items listed will only be importable/exportable under the said arrangement.

The L/Cs will be subject to UCPDC 500 and URR 255 and general practice of the respective countries.

The following offices of EXIM Bank and Janata Bank Limited will act as controlling branch and they may be contact for detailed information:

Janata Bank LimitedExport-Import Bank of Thailand

Local Office Export L/C Division1 Dilkusha Commercial Area International Trade DepartmentDhaka- 1000. 1193 EXIM BuildingPhone: (88 02) 9556241 (DGM), Phaholyothin Road, Phayathai9562240 (AGM-Import) Bangkok 10400 Thailand.

9566843 (AGM-Export)Tel: 66 (0) 2271 3700 Extn. 1201, 1206;

Fax: (88 02) 9563639 Fax: 66 (0) 2271 2540, 2271 2241Telex: 642878 JBLO BJ, 671416 JBLOF BJSWIFT: JANB BD DH JBD

  

The List of indicative items for export:

Thailand's indicative list of Export products to the People's Republic of Bangladesh.

List of potential items for Export to Thailand

01.

Polymers of ethylene, etc. in primary forms propylene

01.

Raw Jute

02.

Woven fabrics02.

Jute Manufactures

03 Synthetic filament yarn 03 Jute yarn & Twin

. .04.

Refrigerators and parts thereof04.

Pharmaceuticals

05.

Chemical products05.

Cosmetics & Toiletries

06.

Machinery and parts thereof06.

Shrimps and Frozen Fish

07.

Tapioca products07.

Bicycle

08.

Animal feed08.

Jute Carpet

09.

Aluminum products09.

Finished/ Leather/ Crust

10.

Plastic products10.

Ceramic products

11.

Iron and steel products11.

Accumulator Battery

12.

Sugar12.

Tea

13.

Air Conditioning machine and parts thereof

13.

Ceramic Tiles & Sanitary Wares

14.

Paper and paper pulp14.

Footwear (all sorts)

15.

Rice15.

Leather Goods (all sorts)

16.

Motor vehicle16.

Melamine Tableware

17.

Cosmetics and skincare products17.

Woven Garments

18.

Ceramic products18.

Knitwear

19.

Natural Rubber19.

Specialized Textile

20.

Stationery items

21.

Chemical Fertilizer

22.

Frozen Fish

23.

Camera parts

24.

Handicrafts

25.

Duck-chest Feather

26.

Silk Fabrics

27.

Dry Fish

28.

Vegetables/Fruits

29.

PVC Bags

30.

Indicator Lamp

31.

Crabs

32.

Salted Fish

33.

Cotton Bag

34.

Naphtha

35.

Shark fins & Fish maws

36.

Agro products

37.

Potato

 

Janata Bank Limited always aims to increase its foreign exchange business.The Bank has been doing international banking with all major Banks of the world.It has been, however, handling bulk of the international businesses with the following multinational Banks:

2. Citibank N. A.3. American Express Bank Ltd.4. Standard Chartered Bank5. HSBC.