Janata Bank ranks 3rd in CAMEL rating

Performance of state-owned Janata Bank improved in the first half of this year when the condition of Agrani Bank worsened during the period, according to the CAMEL rating by Bangladesh Bank.
Janata ranked third in the rating, in which capital, asset, management, earning and liquidity (CAMEL) are used as indicators for a bank's performance. The bank's position was fourth in December.
The central bank evaluates the performance of the state-owned banks on the basis of the CAMEL rating.
According to the rating in June, Agrani Bank ranked fourth, which was third in the December rating.
But the status of two other state-owned banks -- Sonali and Rupali remained unchanged.
At the end of June, profits of Sonali, Janata, Agrani and Rupali banks before paying tax and provision were Tk 201.6 crore, Tk 303.25 crore, Tk 292.85 crore and Tk 35.07 crore respectively.
Return of asset (ROA) of Sonali Bank was 0.48 percent, Janata 1.31 percent and Agrani 0.13 percent.
The ROA of Rupali was zero after adjusting its accumulated loss and provision deficits.
Classified loans of Sonali Bank stood at 44.35 percent of the total loans in June, up from 35.36 percent in December 2007.
At the end of June, default loan of Janata Bank was 15.99 percent, down from 17.21 percent in December last year.
Janata realised Tk 143 crore classified loans during the period.
In June, Agrani Bank's classified loan was 29.79 percent, up from 28.67 percent in December.
The bank realised Tk 145 crore classified loans and recorded Tk 168 crore as fresh classified loans.
Rupali Bank's default loan was 39.34 percent in June, which was 40.51 percent in December last year.
It realised approximately Tk 42 crore classified loans and added more Tk 12 crore to the amount of classified loans.
According to a BB report, Sonali Bank did not have any capital deficit in June.
But Janata Bank had Tk 261.89 crore capital deficit, Agrani Tk 181.29 crore and Rupali Tk 1515.39 crore.