JB operating profit surges

Janata Bank earned an operating profit of Tk 106.07 crore in the year 2002 as against Tk 40 crore in 2001, showing a 165 per cent rise, says a press release. The deposit position of the bank's branches in the country and advance position rose by 11 per cent and 7 per cent respectively.

Flow of foreign remittance increased by 58 per cent to Tk 742 crore over the previous year.

The bank's recovery of classified loans increased by Tk 112 crore compared to the previous year, it said in the press release.

Export and import business of the bank showed a rise of one per cent and six per cent over the previous year.