CPAb

RatingReport(Surveillance)

JamunaBankLimited
Ratings
LonoTerm :
ShortTerm :_
Outlook
;

Ar
ST-2
Stable

Dateof Rating:l8 May2Ol4

V a l i d i t y3: O J u n e2 0 1 5
sell
R a t i n g B a s e d o n : A u d i t e d f i n a n sc ti a lt e m e n t u p t o 3 l D e c e m b e r 2 0 l 3 a n d o t h e r r e l e v a n t q u a n t i t a t i v e a saw
qualitativeinformationup to the dateof ratingdeclaration.
Methodology: CRAB'sBank Rating Methodology (www.crab.com.bd)

^***
Shahtaj Noor
bd
shahtaj.
noor@crab.com.
Tahminalslam
tahmina.islam@crab.com.bd

Rnror.InLr

ts|tgll*
Loans

it
Depos

GrossNPL

z0t2
2 0 13
54,887.0
67,669.4
97,485.6 79,623,1
5,133.8 5,337.9

Credit RatingAgencyof BangladeshLimited(CRAB)

has affirmed Ar (PronouncedSingleA one) rating
inthe long term and ST-2 rating in the short term to
JamunaBankLimitedbasedon auditedfinancialsup
to 31't December 2A13 and other relevant
information.

NIM

ROM(aftertax)
Costto lncomeRatio

CrossNPLRatio
SMAto TotalLoans

RWCAR
r

1.0
47,3
7.6
3.5

39.3
9.7
8.0
12.2

PRortre
coRPoRATE

JamunaBankwas incorporatedon 2 April 20Ol as a

public Limited Companyand started its operation
from 3 June2001.The Bankwent to IPOin 2006 and
its sharesare listedwith DhakaStockExchangeand
ChittagongStock Exchange.Presentlythe Bank has
9 1 b r a n c h e sa c r o s st h e c o u n t r yi n c l u d i n g2 l s l a m i c
BankingBranchesand 8 SMEcenters.The paid up
c a p i t aol f t h e B a n kr e a c h e dB D T4 , 4 8 7 . 5m i l l i o na s o f
3 1 . t D e c e m b e r2 0 . l 3 a g a i n s ta u t h o r i z e dc a p i t a lo f
,l0,000.0
m i l l i o n .T h e B a n ko f f e r s a l l k i n d o f
BDT
banking and investment services for retail and
corporate customers. The Bank provides online
bankingserviceand has a countrywidesharedATM
network.The Bank has two subsidiarycompanies;
J a m u n aB a n k S e c u r i t i e sL i m i t e d a n d J a m u n aB a n k
C a p i t aM
l a n a g e m e nLti m i t e d .

CRAB ICMB Ratings on Corporate Credit Digest | 20 May 2014

The rating reflects the Bank's strength in risk

weightedcapitaladequacyand high qualityof liquid
asset as well low exposer in capital market. The
rating also considersthe Bank'slarge netlvorkof 91
branches. On the other hand, the rating is
constrainedby high non-performingloans,lowernet
interestmarginand high cost to incomeratio.
Total capital(tier 1+tier 2) of
SoundCapitalization:
t h e C o m p a n yw a s B D T 9 , 2 5 9 . B m i l l i o n i n 2 0 1 3
havingrisk weightedcapitaladequacyratio of 11.1%
(tier I ratio: 9.394.About 4?.6% of total corporate
loanexposuresare rated.Tier I capitalas percentage
of total exposer (balance sheet and off balance
sheet)of the Bankwas 5.4%atthe end of 2013.
ModerateLiquidity Profile: Loansto deposit ratio of
the Bank was 69.4% at the end of 2013 with a
monthlyaverageof 73.6%.The Bank'sliquid assetto
total deposit& borrowingswas 4l .1%in 2O13as the
Bank operatesas primary dealers of government
securities for which it had to hold substantial
amountof Covernmentsecurities.

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