Performance Analysis of Meghna Bank Limited
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Meghna Bank Limited is one of the renowned private commercial Banks in Bangladesh. They started their operation in 2013, and a few years of starting their activity, their service level is better than other newer Banks. They are now providing all modern banking service to their clients and customers that fulfill the satisfaction of the customer. However, they are new in the banking service era but their service standard and system improving day by day. Besides, according to their annual report, their performance level is good in all sectors. Nevertheless, some sector they are less efficient to provide the best performance that is requiring for increasing profit. Meghna Bank offers all types of deposit and loan services to their client. Based on the annual report their deposit and loan amount is growing every year, which indicate they are providing the best general and credit banking services to their client. They are also offering the foreign exchange services to their client by exchanging dollar, letter of credit services. However, one the problem of Meghna Bank profit decreased in last year, but Bank is taking proper initiatives to increase profit by giving the target to each branch and department. They also developed a strategy to improve their performance level and try to recruit best officials. Their investment and cash liquidity also increasing in every year, which helps them to provide the cash, services to their client. Besides, liquidity indicted the bank's financial capability, and Meghna Bank is rated as good to maintain the highest amount of cash. Their operating expense is increasing day by day, but they are not yet practicing CSR. They may invest to practice CSR to improve their reputation and goodwill. Their investment is high in government and other sector but they need to provide more amount to the loan because the loan is assets for the bank and return is also high. To increase overall profit, they need to increase profit at the same time reduce the operating expense.
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