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OVERVIEW OF TRUST BANK LIMITED



The year 2009 was challenging for all of TBL due to global economic crisis. In the early part of the year, the global economy was in a severe recession inflicted by a massive financial crisis and an acute loss of confidence. However, although TBL is not insulated, Bangladesh economy was able to manage to ward off the global impact and maintained a commendable resilience by registering 5.9 percent GDP Growth in FY 2008-09. FY2009-10 started its journey at a time when lagged impact of the crisis, as apprehended, was becoming evident. Hence, a lower growth target of 5.5-6.0 percent was fixed for FY 2009-10 in view of the emerging challenge.
Despite the challenges from crisis in the global economy and the shock of crisis on domestic economy, Trust Bank recorded a solid year of performance in 2009. The Bank, with untiring efforts and dedication of Board of Directors, Management and Employees, recorded deposits of Taka 48,464.64 million and loans and advances of Taka 32,663.11 million in 2009, registering growth of 47 percent and 18.65 percent respectively over preceding year. The operating performance of the Bank was also noteworthy showing net profit after tax of Taka 610.91 million recording a growth of 32 percent over preceding year. With opening of 5 new branches and 4 SME/Agri branches in 2009, network of Trust Bank has widened to 42 branches and 4 SME/ Agri branches, spreading to both urban and rural business strategic areas.