BIBM Activity Report 2011

BIBM Activity Report 2011 Bangladesh Institute of Bank Management S e c t i o n - 2, M i r p u r, D h a k a - 1 2 1 6

Chairman: Governor, Bangladesh Bank GOVERNING BOARD Members: 01. Deputy Governors, Bangladesh Bank 02. Managing Director & CEO, Sonali Bank Limited 03. CEO & Managing Director, Janata Bank Limited 04. Managing Director & CEO, Agrani Bank Limited 05. Managing Director, Rupali Bank Limited 06. Managing Director & CEO, Pubali Bank Limited 07. Managing Director & CEO, Uttara Bank Limited 08. Managing Director, Bangladesh Krishi Bank 09. Managing Director, Bangladesh Development Bank Limited 10. President & Managing Director, AB Bank Limited 11. Managing Director & CEO, National Bank Limited 12. Managing Director & CEO, Eastern Bank Limited 13. Managing Director, United Commercial Bank Limited 14. Managing Director, Islami Bank Bangladesh Limited 15. Managing Director, IFIC Bank Limited 16. Managing Director, Rajshahi Krishi Unnayan Bank 17. Chief Executive Officer, Standard Chartered Bank 18. Managing Director, Dutch-Bangla Bank Limited 19. Managing Director & CEO, Mercantile Bank Limited 20. Managing Director, ONE Bank Limited 21. Managing Director, Al-Arafah Islami Bank Limited 22. Managing Director & CEO, National Credit and Commerce Bank Limited 23. Managing Director & CEO, Trust Bank Limited 24. Managing Director, Southeast Bank Limited 25. Managing Director, Social Islami Bank Limited 26. Chief Executive Officer, The Hongkong and Shanghai Banking Corporation Limited 27. Managing Director & CEO, Standard Bank Limited 28. Managing Director & CEO, Export Import Bank of Bangladesh Limited 29. Managing Director & CEO, Mutual Trust Bank Limited 30. Managing Director, BASIC Bank Limited 31. Managing Director, Jamuna Bank Limited 32. President & Managing Director, Bank Asia Limited 33. Managing Director, First Security Islami Bank Limited 34. Professor Dr. Iftekhar Ghani Chowdhury, Vice Chancellor, State University of Bangladesh Member-Secretary: Director General, BIBM EXECUTIVE COMMITTEE Chairman: Deputy Governor, Bangladesh Bank Members: 1. Managing Director & CEO, Sonali Bank Limited 2. Managing Director & CEO, Eastern Bank Limited 3. Managing Director, IFIC Bank Limited 4. Managing Director, Rajshahi Krishi Unnayan Bank 5. Professor Dr. Iftekhar Ghani Chowdhury, Vice Chancellor, State University of Bangladesh Member-Secretary: Director General, BIBM

BIBM Activity Report 2011 Bangladesh Institute of Bank Management S e c t i o n - 2, M i r p u r, D h a k a - 1 2 1 6

BIBM Activity Report 2011 Published by Bangladesh Institute of Bank Management Plot # 4, Main Road # 1 (South), Section # 2, Mirpur, Dhaka-1216 PABX : 9003031-5, 9003051-2 Fax : 88-02-9006756 E-mail : office@bibm.org.bd bibmresearch@bibm.org.bd Web : www.bibm.org.bd Edited by Dr. Toufic Ahmad Choudhury; and Prepared by Dr. Shah Md. Ahsan Habib with the assistance of Sharmina Nargish, Sarder Aktaruzzaman and Md. Nasir Uddin Printed by: Nahida Art Press, Gopibag, Dhaka, Bangladesh

Message from the Chairman, BIBM Governing Board and Governor, Bangladesh Bank It gives me great pleasure to felicitate BIBM on the occasion of its annual event 'BIBM Day' for a turnaround in its traditional activities, transforming the Institute into a dynamic organization, dedicated to training, consultancy and research on the banking/financial sector. While it sometimes happens that an institution, like an individual, becomes hidebound and moribund with the passage of time, the stakeholders of BIBM visualize this body to turn into a center of excellence and render valuable support services to the banking sector as it grapples with emerging and challenging situation both at home and abroad. I hope that BIBM, under its present able leadership, would continue to introduce best practices to the banking community, turning bankers into the best-trained professionals in Bangladesh. The entire banking sector, led by Bangladesh Bank would, on its part, continue to give support and backup to BIBM in this arduous journey. I wish BIBM all success. (Dr. Atiur Rahman) Chairman, BIBM Governing Board and Governor, Bangladesh Bank

Message from the Director General, BIBM It is now nearly four decades since the Bangladesh Institute of Bank Management (BIBM) was set up to impart training to bank officials as its core objective. The blooming years saw the Institute going through many stresses and strains in setting up the basic infrastructure - both physical and academic - to meet the growing demand for training. The need was especially acute in the formative years as no bank had any training institute of its own and, hence, looked up to BIBM for this purpose. It is a matter of some gratification that we at BIBM have arrived at a stage where the Institute may be said to have crossed the "take-off point" (to borrow a phrase from Walt Rostow) and is well on its way to a "self-sustained growth." Till December 2011, BIBM has imparted different types of training to about 67,000 bankers and awarded graduate degrees to 748 MBM and EMBM students. But, we pledge not to rest on our laurels. We will continue to uphold professional excellence and maintain our position as the premier training school for bankers in Bangladesh. In this endeavor, BIBM solicits the support and assistance of all its stakeholders as well as the resource persons at the Institute and, in particular, the Governor, Bangladesh Bank who has enthused us with a new dynamism that will hopefully carry us through difficult and challenging times ahead. (Dr. Toufic Ahmad Choudhury) Director General

The need for a national level training institute was keenly felt in the early seventies (immediately after the war of liberation) to fulfill the management training requirments of the banking sector of Bangladesh. The birth of Bangladesh Institute of Bank Management (BIBM) was a logical consequence of the necessity of the Lash Green Campus of BIBM BIBM PROFILE BIBM Academic Building banking sector. Accordingly, BIBM was established in 1974 with the primary focus of providing training to the officials of banks and financial institutions of Bangladesh in order to strengthen the banking sector by improving knowledge and skills of the human resources. It was registered under the Societies Act, 1860. At the beginning, BIBM had to concentrate on training of the entry level officers due to absence of appropriate training infrastructure in the banking industry. However, with the passage of time, it assumed the responsibility of providing training to the mid and senior level officials of the banking sector. Meanwhile, the banking sector of Bangladesh demanded upgradation of capabilities of managerial level officials as the banks expanded their horizon of operations. In line with that, BIBM remodeled its training programs in terms of both contents and methodology. Governance: The highest policy making body of BIBM is the Governing Board, chaired by the Governor of Bangladesh Bank, the central bank of the country. The Governing Board also includes Deputy Governors of Bangladesh Bank, the Managing Directors of the member banks and other members. To assist the Governing Board there is an Executive Committee made up of the representatives who are selected from the Ordinary Members by turns. The Executive Page-1

Committee is headed by a Deputy Governor of the Bangladesh Bank. The Director General of BIBM is an integral member of both the Governing Board as well as the Executive Committee. The Director General is the chief executive of BIBM who oversees the day to day activities of the institution. Major Activities of BIBM: Today BIBM is a fairly large organization and it has four core areas to manage. These are (1) Training (2) Education (3) Research, Development & Consultancy and (4) Administration & Accounts. A brief description of the functions of BIBM is presented below: Page-2 Training: Training is in the heart of BIBM activities. BIBM arranges a lot of incampus and outreach training courses and workshops. Outreach programs are organized in the different regions of the country based on the demand of the member banks. These training programs are organized as per the BIBM calendar. BIBM finalizes its academic calendar Training Workshop well ahead of the start of the concerned year in consultation with the member banks. By following the consultation process, BIBM drafts the topics, duration and frequency of the training courses and workshops. These proposed training courses and workshops are then placed before the Governing Board for approval. Once it is approved, detailed course outlines are developed or upgraded by specifying objectives, contents, duration, frequency, target level of participants and coordinators. Subsequently, BIBM undertakes all activities for successful implementation of their training calendar. These activities include arranging training course or workshops, preparation of reading materials, preparation of session schedule, conducting the training courses and finally evaluation and reporting. BIBM also arranges special training programs for banks in response to the requisition of the member banks. Training activities are looked after by the 'Director, Training' of the institute. Since inception till 2011, BIBM trained a total of 66,567 officials of banks and financial institutions.

Education: BIBM offers following two academic programs at the Post Graduation Level. Masters in Bank Management (MBM): In 1997, BIBM entered into education program offering a post graduate program in bank management affiliated with National University called Masters in Bank Management (MBM) for the full time graduates interested to develop career in banking and allied fields. It is now a unique program in the county. This program is run by the Center for Post MBM Class Graduate Studies (CPGS) and CPGS is headed by the 'Director, CPGS'. Duration of the Program is two years. Since inception till 2011, a total of 619 MBM graduates passed out from BIBM and almost all of them joined the banking profession. Evening Masters in Bank Management (EMBM): Responding to the demand of in-service professionals, Evening MBM program was launched in 2006 with the same curriculum but with higher duration. This program is looked after by the 'Director, Evening MBM'. Since inception till 2011, a total of 145 Evening MBM graduates passed out from BIBM. Research, Development and Consultancy: Certificate Awarding BIBM undertakes research projects and publishes reports. It arranges seminars on the issues relevant to the banking and financial sector. There are arrangements for faculty development and provision for undertaking research consultancy activities. Besides, BIBM publishes a quarterly professional journal titled 'Bank Parikrama' on topics related to banking, finance, economics, Page-3

management and allied fields. BIBM also publishes a quarterly periodical titled 'BIBM Bulletin'. The above mentioned activities are looked after by the 'Director, Research, Development & Consultancy'. Administration and Accounts: This department provides support services to all other departments so that they can execute their function smoothly. This department runs under Director General of BIBM. Finance: BIBM activities are financed by the member banks. Every year, BIBM prepares a budget which is subject to approval of the Governing Board. Once the budget is approved by the board, the budgeted fund is contributed by the members. The largest contribution to the budgeted fund comes from Bangladesh Bank. Resources: Infrastructural Resources: BIBM has a fairly large green campus. It has a five storied academic building and a six storied hostel building. Office building accommodates a rich library, a modern computer lab, well-equipped class rooms, the chambers of the faculties, officers & other staffs of administration. BIBM library is incomparable in the country in terms of the number of relevant books it owns and journals it subscribes on banking and finance. There are some other services available in the campus like - canteen, prayer room, room for indoor games, etc. Faculty Resources: Human resources are the key to the success of BIBM. There are 36 faculty members in BIBM including four directors. The institutes also have one Supernumerary Professor and one Agrani Bank Chair Professor. Faculty are recruited through a rigorous recruitment process. All of them are academically very sound. They are regularly sent for higher education and training both in home and abroad. Page-4 Officers & Staffs: There is sufficient number of officers and staffs of different ranks in BIBM. They work for the smooth functioning of the institute.

BIBM ACTIVITIES: 2011 Like the previous years, the activities of BIBM in 2011 is mainly composed of training, research, professional education and consultancy. A brief description of the activities of BIBM in 2011 is given below: Training A. The academic calendar for 2011 prepared in consultation with the member banks, had 47 training courses in 32 areas and 31 training workshops on 27 topics. The duration of the training courses ranged between 4 and 10 days and the training workshops having duration of 2 to 3 days. All the training courses and training workshops included in the Academic Calendar were held as per the schedule, except an international training workshop on "International Trade Payment and Finance". The workshop could not be arranged due to insufficient foreign participants. The training courses and training workshops were generally on operational areas and policies and legal issues. As an apex national training institute, the offered courses were of common interest to most of the banks. A total of 2,198 officers of banks and financial institutions participated in these programs. The evaluation of the programs by the different participants and the informally-received feedbacks from the member banks showed that the programs were beneficial to the trainees and their sponsoring organizations. B. BIBM organized six outreach training courses at Bangladesh Bank local offices in Khulna, Rajshahi, Chittagong, Rangpur, Barisal and Sylhet during 2011. A total number of 240 participants from local bank branches participated in these programs. C. BIBM conducted eight research workshops during 2011. A total number of 182 participants from local bank branches participated in these workshops. Above mentioned roundtable discussion and research workshops have been conducted successfully in 2011. Eight research based keynote papers were presented in these programs. D. During 2011, being requested by member banks, 26 special training programs, tailored to their specific needs, were conducted for their executives. These programs were conducted after the regular working hours. A total of 800 bank officials received these trainings. E. BIBM organized two special training programs on "Women Entrepreneurship Development: How to Prepare a Bankable Project." A total of 39 participants selected by the SME Foundation participated in these program. F. Details of the training courses, training workshops, research workshops, foundation and special courses are presented below through different tables. Page-5

BIBM Training Activities and Participants Page-6 Sl. No. Title TABLE-1: TRAINING COURSES Frequency No. of Participants 01. Advanced Credit Management 1 38 5 02. Agricultural and Rural Banking 2 58 5 03. Asset-Liability Management in Banks 4 112 5 04. Bank Management for Senior Executives 1 26 10 05. Bank Marketing, Branding and Relationship Banking 1 24 4 06. Branch Management 2 70 7 07. Computer Network Administration and Setup with Windows OS 1 31 5 08. Computer Spreadsheet Analysis in Banking Operation 2 57 5 09. Credit Appraisal and Management 2 69 10 10. Database Query using Oracle SQL 9i 1 11 5 11. Entrepreneurship Development and SME Business 1 32 4 12. Financial Analysis for Bankers 2 68 8 13. Financing Agro-based Business 1 31 4 14. Financing PPP Projects 1 22 4 15. Foreign Exchange and Money Market Products 2 61 5 16. Green Banking 1 32 4 17. Human Resource Management 1 15 5 18. Internal Control Mechanism and Bank Supervision 2 48 4 19. International Trade Payment and Finance 3 114 8 20. Investment and Merchant Banking 1 29 5 21. Islamic Banking and Finance 1 20 5 22. IT Security and Fraud Prevention in Banks 1 30 4 23. Leadership, Team Building and Negotiation Skills 1 18 5 24. Legal Aspects of General Banking and Credit 2 75 5 25. Micro and Small Enterprise Financing 2 61 5 26. Oracle Database Design and Programming 1 16 8 27. Prevention of Malpractices in Banks 1 41 4 28. Risk Management and Capital Adequacy 2 46 5 29. Strategic Human Resource Management in Banks 1 16 4 30. Structured Finance 1 34 4 31. Training of Trainers' 1 17 5 Duration (working days) 32. Windows Network Security Management, Data Backup and System Recovery 1 23 5 Total 47 1345 171

TABLE-2: TRAINING WORKSHOPS Sl. No. Title Frequency No. of Participants 01. Agricultural Financing and Commodity Market 1 22 2 02. Bank Restructuring 1 16 2 03. Basel II and Emerging Issues 1 33 3 04. Basel II: Financial Stability and Stress Testing 2 44 2 05. Basel II: Supervisory Review and Evaluation Process 2 62 2 06. Behavior, Work Environment and Job Performance 1 15 2 07. Bond Market Operations in Bangladesh 1 27 2 Duration (working days) 08. Corporate Governance and Corporate Social Responsibility 1 22 2 09. Credit Risk Grading 1 34 3 10. E-Commerce, E-Banking and Online MIS 1 19 3 11. Factoring, Leasing and Venture Financing 1 16 3 12. Financing Infrastructure and Public-Private Partnership 1 19 2 13. Green Banking 2 62 2 14. ICC Publication for Trade Facilitation 1 24 3 15. Information System Audit and Risk Management in E- Banking 1 33 3 16. Integrated Treasury Management 1 20 2 17. Investment and Foreign Exchange Operations Under Islamic Banking 1 20 2 18. Legal Aspects of Security and Documentation 1 36 3 19. Management of Non-performing Loans and Recovery Strategies 1 33 2 20. Managing Risk in Agro-Sector Financing 1 20 2 21. Micro Finance and Financial Inclusion 1 11 2 22. Migration and Remittance Issues 1 37 2 23. Prevention of Money Laundering and Terrorist Financing 1 34 2 24. Problem Solving Tools and Management Decisions 1 26 2 25. Retail Banking and Consumer Financing 1 27 2 26. Risk Based Internal Audit and Supervision 1 22 2 27. Security Analysis and Portfolio Management 1 24 2 28. Strategic Management in Banks 1 28 2 29. Stress Management and Counseling 1 18 2 30. Sustainable Banking 1 18 3 31. UCPDC-600 and other ICC Publications 1 31 3 Total 34 853 71 Page-7

TABLE-3: OUTREACH TRAINING COURSES Sl. No. Title Frequency No. of Participants 01. Banking Laws and Regulations 1 27 5 02. Credit Appraisal and Management 1 45 5 03. Financing Agro-based Business 1 37 5 04. ICT for Banking Business Enhancement 1 36 5 05. International Trade Payment and Finance 1 60 5 06. Micro and Small Enterprise Financing 1 35 5 Duration (working days) Total 6 240 30 TABLE-4: RESEARCH WORKSHOPS Sl. Title Frequency No. of Duration No. Participants (working days) 01. An Impact Evaluation of Green Initiatives of Bangladesh Bank 1 32 1 02. An Evaluation of the Operations of Trade Payment Methods in Bangladesh 1 25 1 03. Disclosure Requirements in Banks 1 15 1 04. Financing PPP Projects: Banks Initiative 1 23 1 05. Implementation Status of BASEL II: Bangladesh Perspective 1 21 1 06. Mobile Banking in Bangladesh 1 19 1 07. Risk Assessment of Bank's Involvement in the Capital Market : Bangladesh Perspective 1 15 1 08. Implication of the Legal Framework Guiding Loan Recovery 1 32 1 Total 8 182 8 Page-8

TABLE-5: SPECIAL TRAINING COURSES Sl. No. Title No. of Participants Duration (working days) 01. Foundation Training Course for the Newly Recruited Officers of Microcredit Regulatory Authority 25 25 02. Special Course on Commercial Banking for the Mid & Junior Level Officers of Bangladesh Development Bank Ltd. 30 10 03. Foundation Course for the Officers of BRAC Bank Ltd. 30 10 04. Foundation Training Course for the Executive Officers of Janata Bank Ltd. 35 20 05. Foundation Course for the Officers of BRAC Bank Ltd. 30 10 06. Foundation Training Course for the Management Trainee of AB Bank Ltd. 26 30 07. Foundation Training Course for the Probationary Officers of The City Bank Ltd. 16 20 08. Foundation Training Course for the Executive Officers of Janata Bank Ltd. 40 20 09. Foundation Training Course for the Senior Officers & Officers (on probation) of Pubali Bank Ltd. 35 30 10. Foundation Training Course for the Senior Officials and Management Trainee Officers of BRAC Bank Ltd. 29 15 11. Foundation Training Course for the Officers of Standard Bank Ltd. 30 30 12. Foundation Training Course for the Officers for The City Bank Ltd. 30 08 13. Foundation Training Course for the Management Trainees of AB Bank Ltd. 26 30 14. Foundation Training Course for the Probationary Senior Officers of Standard Bank Ltd. 30 30 15. Foundation Training Course for the Probationary Senior Officers of Standard Bank Ltd. 30 30 16. Foundation Training Course for the Senior Officers & Officers (on Probation) of Pubali Bank Ltd. 35 30 17. Foundation Training Course for the Probationary Senior Officers of Standard Bank Ltd. 30 30 18. Foundation Training Course for the Officers of The City Bank Ltd. 29 10 19. Foundation Training Course for the Probationary Senior Officers of Standard Bank Ltd. 30 30 20. Foundation Course for the Officers of The City Bank Ltd. October 30 10 21. Foundation Training Course for the Senior Officers & Officers (on Probation) of Pubali Bank Ltd. 35 30 22. Foundation Training Course for the Probationary Senior Officers of Standard Bank Ltd. 25 30 23. Foundation Training Course for the Senior Officers of Bangladesh Development Bank Ltd. 37 20 24. Foundation Training Course for the Senior Officers of Bangladesh Development Bank Ltd. 37 20 Total 730 528 Page-9

TABLE-6: TOTAL TRAINING IMPARTED IN 2011 (MAN DAYS) Title No. of Participants No. of Mandays Training Training Course 1345 7624 Outreach Training Course 240 1200 Training Workshop 853 1964 Special Training Program 39 117 Total 2477 10905 Research Workshop 159 159 Total 2636 11064 Special Training Course-1 1 800 16190 Special Training Course-2 2 140 462 Grand Total 3576 27716 1 Includes only Foundation and other training courses conducted by BIBM in response to requisition of member banks 2 Includes training/workshop programs jointly organized by BIBM and other organizations Research & Publications: Since 2011, BIBM started publishing reports on financial sector reviews. The first of this kind "Bank- Review 2010" has been published in this year. BIBM initiated to publish a compilation titled "Banking Research Series" from 2010. The second issue of the publication titled " Banking Research Series 2011" has already been printed. Only one issue of the BIBM journal 'Bank Parikrama' has been published during 2011 due to inadequate number of quality articles. BIBM has published its periodical 'BIBM Bulletin' in 2011. A list of Publications of BIBM during 2011 is given below: Bank-Review 2010 Banking Research Series 2011 Title Nature 11th Nurul Matin Memorial Lecture on Ethics in Banking Bank Parikrama BIBM Bulletin Independent Review of the Banking Sector A Compilation of Research Workshop Keynote Papers Lecture on "Ethics in Banking" A Quarterly Journal A Quarterly Periodical Page-10

Recruitment Services: On the request of different banks and financial institutions, BIBM arranges Recruitment Tests. In 2011, BIBM conducted a number of written exams for recruitment of Management Trainees, Probationary Officers and for promotion of different level of officers in banks. A total number of 11 commercial banks have availed the services from BIBM for arranging 24 tests. Consultancy: Faculty members of BIBM are associated with a number of consultancy services relating to the financial sector. BIBM is giving consultancy services to the Central Bank of Afghanistan (DAB) to set up a training institute over there. In this regard, an agreement was signed with the Central Bank of Afghanistan in 2010. The project is financed by the World Bank. Professional Education: Both the Masters in Bank Management (MBM) and Evening Masters in Bank Management (EMBM) programs, which are being conducted by BIBM since 1997 and 2006, respectively with the affiliation of the National University, continued in 2011. MBM and EMBM programs, having the same academic curriculum are professional degree programs, BIBM Evening BIBM Evening which groom promising persons wishing to develop a career in banking or other allied areas of the financial sector. Due to the rigorous process and comprehensive coverage of the course contents, the programs have been well appreciated by the banking community. Since 2006, the intake in MBM program was increased with the approval of the National University to 60 students which was 50 in theprevious years. However, the number of students, enrolled in EMBM program is 50. Of the 60 students Page-11

of MBM who were enrolled in 2010 (14th batch), 49 students have already completed their course work and term-end examination. Among the 50 students of the 4th batch EMBM, enrolled in 2009, 44 students are going to complete their course work after the term-end examination scheduled to take place mid-march of this year. Like the previous years, a job fair is going to be arranged for the graduating 14th batch MBM and 4th batch EMBM students. Two batches of MBM students (15th and 16th) and another two batches (5th and 6th) of EMBM students are currently pursuing their studies at BIBM. BIBM Library: The BIBM library is fairly rich. It has a collection of over 24,000 books. The library subscribes and collects about 200 domestic and foreign journals and magazines regularly. Addition of new books and journals to the library has enriched the library collections over the year. BIBM recently customized and developed the "Library Management Software (LMS)'' and the entire management is being done by this software. Existing books cover Economics, Finance, Banking, Accounting, Business, Management, Marketing, Law, Computer Science, Agriculture, Research, Education, Psychology, Statistics, History, Geography, English and Bengali Fiction and Dictionaries/ Encyclopaedias on various disciplines. The library subscribes for various Journals on Economics, Banking, Accounting, Management, Training, NGOs, Computer Science. The library is recently subscribing for the Online Journals from various world- class publishers, (e. g. Springer, Black-Wiley, Oxford University Press, etc.) from INASP- PERI Consortium via Bangladesh Academy of Sciences (BAS). Annual Reports of various banks and financial institutions, ADB, IMF, World Bank Reports and government publications are kept in the library. It also preserves BIBM BIBM Library course materials, seminar papers and background materials of workshops. Page-12 Library Schedule : Week day : 9 a.m to 8 p.m. Friday and Saturday : 9:30 a.m to 3:30 p.m.

Faculty & other Personnel: Currently, BIBM has faculty strength of 36 in the academic areas of Banking and Finance, Economics, Management, Marketing, Statistics, Computer Science, etc. as follows: Supernumerary Professor 1 Agrani Bank Chair Professor 1 Professor 1 Sr. Associate Professor 2 Associate Professor 6 Assistant Professor 6 Lecturer 15 Faculty on deputation/contract 4 In addition to the faculty members, at present there are 23 officials, serving at different capacities/ranks and 102 staffs in BIBM to carry out respective tasks and ensure smooth functioning of the Institute. In 2011, BIBM recruited 5 faculty members, 2 officers and 2 staffs. One faculty member on contract was retired from service. Two lecturers are on study leave in abroad. Other Events of BIBM: Special Training Course for Afghan Bankers BIBM organized a training course on "Basic Banking for Afghan Bank Executives" during 19 April- 10 May, 2011 at BIBM campus. A total number of 22 participants from different Afghan Banks participated in this course. Moreover, two training courses titled "Asset-Liability Management in Banks" and "Fraud Prevention in Banks" also conducted by the BIBM faculties at Kabul, Afghanistan for their bankers. A total number of 33 participants from different Afghan Banks participated in these courses. These programs were the continuation of the consultancy project for the Capacity Building of Afghanistan Institute of Banking and Finance. Special Workshop at BIBM by the Guest Expert A special training workshop on "Enterprise Risk Management" was held in BIBM campus during 21-22 October 2011, The program was conducted by Dr. Madhu Acharya, Faculty Member, The Business School, Bourne Mouth University, United Kingdom. A total number of 50 participants from different Banks participated in this course. A special workshop was also held on December 15, 2011 on "Security Issues in Providing Mobile Financial Services to meet Bangladesh Bank Guidelines Towards a Secured Digital Bangladesh". Experts of One World Infotech Ltd. from USA and Australia conducted the workshop at BIBM campus. A total number of 45 participants from different Banks participated in this course. A daylong Program for Economic Reporters BIBM organized a daylong workshop on "Banking Exposure for the Members of Economics Reporters' Forum" in September, 2011. A total number of 22 participants participated in this special program. Page-13

Seminar In 2011, BIBM organized two national seminars on "National Budget Making: Bottom up Approach and Inclusiveness" and "Financial Stability and Risk Management in the Banking Sector" in collaboration with Dhaka School of Economics and Bangladesh Economic Association. Technical Support Agreement Signed between BIBM and Central Bank of Afghanistan (DAB) BIBM has extended the periphery of its consultancy services to the international arena in 2010. Afghanistan Institution of Banking and Finance (AIBF) has appointed BIBM as a consultant for training as well as enhancement of its service quality. Bangladesh Institute of Bank Management (BIBM) and Central Bank of Afghanistan (DAB) signed an agreement in December, 2010. Under the agreement BIBM has been working with the AIBF to support the development of its programmes in a number of different ways. It includes curriculum design, preparation of courses, access to technical materials and training of faculties of AIBF. This project is being financed by the World Bank as a part of its Financial Sector Strengthening Programmes (FSSP). Faculty Development under EU Funded Project A number of faculty members of BIBM is expected to receive capacity development training on SMEs under Integrated Support to Poverty and Inequality Reduction through Enterprise Development (INSPIRED) project funded by European Union. The project activities started from January 2012. Construction and Renovation Work in BIBM Construction work of the fourth floor of the academic building has been completed. Two passenger lifts in the academic building and a high power generator have already been installed. Renovation work of the hostel building and canteen is about to complete. BIBM Automation Computerization of the library as well as the administration and accounts departments was initiated in 2008. The process has progressed satisfactorily and is anticipated to be operational in 2012. Page-14

Online Nomination Bangladesh Institute of Bank Management (BIBM) has started online nomination process since 2011. As per the system, BIBM ask for online nominations through its website (http://www.bibm.org.bd) from the member banks for its Training Courses, Training Workshops and Research Workshops. Member banks are required to nominate their participants by filling up a form from the BIBM web. List of participants of each program will be finalized and disseminated by BIBM through the same website. This system is expected to ensure efficient, smooth and transparent management of nomination process. Nurul Matin Memorial Lecture A lecture series named Nurul Matin Memorial Lecture series on 'Ethics in Banking' is organized by BIBM annually. The 11th lecture of the series was delivered by the Former Adviser, Caretaker Government of Bangladesh, Ministries of Finance and Planning, Dr. A. B. Mirza Md. Azizul Islam, which was held on the 4th January, 2012. Need Assessment for Academic Calendar 2012 In 2012, BIBM is organizing a number of in-campus Training Courses, Training Workshops, Review Workshops and Research based Workshops as per the BIBM Academic Calendar, 2012, which was prepared well ahead of the concerned year in consultation with the member banks through a Need Assessment Workshop. The need assessment workshop was participated by senior executive from member banks of BIBM. Later on, the Governing Board approved the calendar containing the detailed Program Outlines. Page-15

Financial Statements of BIBM Balance Sheet As at 31st December, 2011 31.12.2011 31.12.2010 Taka Taka (Unaudited) (Audited) PROPERTY AND ASSETS Fixed Assets: At Cost 166,143,578 124,152,696 Less Depreciation 102,193,346 95,307,314 63,950,232 28,845,382 Investments (FDR) 514,002,232 446,729,729 Current Assets 33,361,471 41,751,228 Receivable 8,563,227 17,091,849 Work-in-Progress 6,960,677 15,255,029 Advance, Deposits and Pre-payments 3,951,770 6,150,223 Stock of Stationery 261,329 277,096 Cash and Bank Balance 13,624,468 2,977,031 Total property & Assets 611,313,935 517,326,339 FUNDS AND LIABILITIES Funds: 553,797,856 464,967,684 General Fund 120,129,704 95,159,404 Campus Development Fund 64,223,194 76,722,846 Reserve Fund 284,415,059 222,814,513 Depreciation Fund 15,220,655 12,518,623 Gratuity Fund 66,353,802 55,265,871 Capital Reserve Fund 3,455,442 2,486,427 Current Liabilities 57,516,079 52,358,655 Nurul Matin Memorial Lecture Fund 3,113,108 2,582,827 Employees' Provident Fund 230,157 771,165 Recipts in Advance 4,872,937 4,386,075 Liabilities for expenses 17,969,645 11,712,307 Liabilities for other finance 14,726,562 19,451,815 Special Course 16,603,670 13,454,466 Page-16 Total Funds & Liabilities 611,313,935 517,326,339

Statement of Income & Expenditure For the year ended 31 December, 2011 Income 31.12.2011 31.12.2010 Taka Taka (Unaudited) (Audited) Contribution 98,400,000 88,807,500 Interest Income 12,123,159 11,210,840 MBM Programme 10,337,121 9,629,284 EMBM Programme 8,046,850 7,429,597 Miscellaneous Income 684,831 478,065 129,591,961 117,555,286 Expenditure Recurring Expenditure 99,201,565 90,102,556 Depreciation 8,204,822 3,950,546 Excess of Income over Expenditure Transferred to Reserve Fund 22,185,574 * 23,502,184 ** 129,591,961 117,555,286 * Includes Campus Development Fund: Tk.3600,000 Depreciation Fund: Tk.1,000,000 (Total Tk.4600,000) ** Includes Campus Development Fund: Tk.3600,000 Depreciation Fund: Tk.1,000,000 (Total Tk.4600,000) Page-17

Statement of Receipts & Payments For the year ended 31 December, 2011 31.12.2011 31.12.2010 Taka Taka (Unaudited) (Audited) RECEIPTS Opening Balance 2,977,031 6,497,843 Cash in Hand 16,590 16,312 Cash at Bank 2,960,441 6,481,531 Investments 446,729,729 366,852,970 250,596,343 206,957,381 Contribution 98,600,000 88,307,500 Other Receipts 147,123,406 114,263,806 Receipts in Advance 4,872,937 4,386,075 700,303,103 580,308,194 PAYMENTS 172,676,403 130,601,434 Capital Expenditure 36,748,802 8,928,180 Recurring Expenditure 71,271,339 76,167,869 Other Payments 64,656,262 45,505,385 Closing Balance 13,624,468 2,977,031 Cash in Hand 5,297 16,590 Cash at Bank 13,619,171 2,960,441 Investments 514,002,232 446,729,729 700,303,103 580,308,194 Page-18

Photo Album Martyred Intellectual Day 11th Nurul Matin Memorial Lecture Page-19

Photo Album Research Workshop on An Impact Evaluation of Green Initiatives of Bangladesh Bank Training of Trainers' (TOT) on Basic Banking for Afghan Bank Executives Page-20

Photo Album Seminars EMBM Orientation Page-21

Photo Album Training Workshops BIBM Evening Page-22

MEMBERS OF THE INSTITUTE A. Ordinary Members B. Associate Members 01. Bangladesh Bank 01. The City Bank Limited 02. Sonali Bank Limited 02. ICB Islamic Bank Limited 03. Janata Bank Limited 03. State Bank of India 04. Agrani Bank Limited 04. Habib Bank Limited 05. Rupali Bank Limited 05. Prime Bank Limited 06. Pubali Bank Limited 06. Dhaka Bank Limited 07. Uttara Bank Limited 07. Investment Corporation of Bangladesh 08. Bangladesh Krishi Bank 08. Bangladesh Commerce Bank Limited 09. Bangladesh Development Bank Limited 09. BRAC Bank Limited 10. AB Bank Limited 10. The Premier Bank Limited 11. National Bank Limited 11. Shahjalal Islami Bank Limited 12. Eastern Bank Limited 12. Commercial Bank of Ceylon PLC 13. United Commercial Bank Limited 13. Bank Alfalah Limited 14. Islami Bank Bangladesh Limited 14. Citibank, N.A. 15. IFIC Bank Limited 16. Rajshahi Krishi Unnayan Bank 17. Standard Chartered Bank 18. Dutch-Bangla Bank Limited 19. Mercantile Bank Limited 20. ONE Bank Limited 21. Al-Arafah Islami Bank Limited 22. National Credit and Commerce Bank Limited 23. Trust Bank Limited 24. Southeast Bank Limited 25. Social Islami Bank Limited 26. The Hongkong and Shanghai Banking Corporation Limited 27. Standard Bank Limited 28. Export Import Bank of Bangladesh Limited 29. Mutual Trust Bank Limited 30. BASIC Bank Limited 31. Jamuna Bank Limited 32. Bank Asia Limited 33. First Security Islami Bank Limited C. Emeritus Fellow Mr. A. K. N. Ahmed Former Governor Bangladesh Bank D. Fellow Member Dr. Mohammad Sohrab Uddin Former Deputy Governor Bangladesh Bank

Bangladesh Institute of Bank Management Plot No.- 4, Main Road No.-1(South), Section No.-2, Mirpur, Dhaka-1216 Tel: 9003031-5; 9003051-2, Fax: 880-2-9006756, E-mail: office@bibm.org.bd; Website: www.bibm.org.bd