Dear Esteemed Stakeholders,
Assalamu Alaikum.
I am delighted to welcome you to the 10th Annual General Meeting of our Bank and to present to you the Annual Report for the year ended 31st December, 2025.
Before I proceed, I want to express my sincere appreciation to all of you for your continued unwavering loyalty and commitment to our Bank during the progressive journey of 10 years. Your continued support has been instrumental to the Bank’s sterling performance since its inception.
The year 2025 was challenging in many aspects, with significant global and domestic economic developments that impacted our business in several ways.
However, Shimanto Bank responded well, adapting our strategies to leverage available opportunities while creating value for all our stakeholders. Against this background, I will review the economic and financial environment within which our Bank operated during the financial year under review.
Global Economic Outlook
The global economy demonstrated remarkable resilience in 2025 despite increased trade tensions and policy uncertainty. Activity was supported by a stockpiling of goods, strong risk appetite, and a surge in artificial intelligence (AI)-related investment, according to the Global Economic Prospects report of the World Bank.
Global growth is set to ease to 2.6 percent in 2026 as several supportive factors wane, giving way to a slowdown in demand for traded goods and softer domestic demand in key economies. By 2027, growth is expected to edge up to 2.7 percent as earlier monetary easing supports domestic demand and trade recovers amid declining uncertainty.
Bangladesh Economic Outlook
Bangladesh’s economic growth has slowed recently, while inflation has remained elevated. GDP growth decelerated to 3.7 percent in FY25 from 4.2 percent in FY24 and 5.8 percent in FY23, reflecting production delays during the popular uprising, a tighter policy mix, and sluggish investment. Bangladesh's average headline inflation for the 2025–26 fiscal year reached 8.89 percent according to data from of Bangladesh Bank. Tax revenue to GDP ratio fell sharply in FY25, although the fiscal deficit was contained due to under-execution of capital and social spending. Foreign exchange reserves have begun to rebuild, supported by improvements in the current account.
The economic outlook for Bangladesh in FY26 is marked by cautious optimism, with a gradual restoration of macroeconomic stability through various reform measures. Economic recovery is expected to be bolstered by a favorable external sector, with positive growth in exports and remittances, a stable exchange rate, declining inflationary pressures, and a positive consumer demand. It is expected that after a smooth democratic transition, the investment scenario will change towards a positive direction. Prudent measures to mitigate the adverse impact of inflation on households and build confidence among investors would be key to a strong recovery in this year.
Our Purpose
We envisioned in 2016, ten years ago for establishing a bank for financial inclusion building the utmost trust and reliance of the customers. We envisaged for contributing on the development and growth of the economy of the country. We all are pursuing the same goal of upward journey and excellence. To succeed in the mission, we have to have unstopping commitment and consistence. Our corporate purpose is to implement a well-defined policy for increasing financial inclusion through exploring alternative delivery channels.
Our purpose is to serve unbanked population of the country effectively and efficiently. In order to meet the customers’ demands we are in continuous endeavor to develop and design products and services for our existing and potential clients of different levels of the masses. We always put emphasis on customer care and has made relentless efforts to ensure best possible services at reasonable cost. Our corporate purpose is to uphold the trust and reliance of the customers in our journey.
Our Strategy
Our strategies for Corporate and SME focus on maximizing client value, streamlining complex lending workflows, analyzing based on cash-flow-based credit scoring, and adopting digital platforms for mid-to-large business clients. We are moving beyond basic lending to offer unified super-apps that bundle payments, accounting, and business insights into everyday workflows.
For retail banking, we focus on shifting from basic transactions to continuous digital relationships. We are encouraging digital onboarding, mobile-first self-service, personalized wealth management, and automated risk controls to grow safely. We are updating old technology for building strong customer trust to stay ahead.
We focus on aligning talent management ensuring appropriate diversity of skills, experience and strategic thinking capabilities that are required to lead your Bank. We have appointed new leadership in various leadership positions to strengthen the drives for achieving the Bank’s strategic priorities. We are using targeted HR plans aligning with system based key performance indicators for improving improve employee output.
We are increasing investment for modernizing operations, securing data, and improving user experiences through tools like cloud computing for secure data storage, deploying artificial intelligence to automate workflows and personalize user interactions. These help our bank to cut costs lower operational costs, enhance security, and deliver fast 24/7 services giving competitive advantage in the sector.
Our Governance
Our assurance to you for developing corporate governance by establishing the system of rules, practices, and processes by which your bank is being directed and controlled. We ensure balances the interests of a bank's many stakeholders, including shareholders, depositors, customers, and regulators, ensuring financial stability and ethical conduct. Board of Directors guides corporate strategy, set risk limits, and oversee senior management without engaging in daily operations. Robust frameworks are in force to identify, measure, and monitor credit, market, and operational risk. Depositors protection is our top governance priority.
Independent audit, compliance, and risk committees are ensuring accurate financial reporting and legal compliance. We ensure timely disclosure of financial health, ownership structures, and potential conflicts of interest.
Our Performance
Your Bank performed moderate in the year 2025, with disciplined execution delivering good outcomes, despite the adverse macroeconomic impacts.
Our asset portfolio growth is 25.70% stood at BDT 41,497.91 million; loans and advances growth is 23.37% stood at BDT 25,094.32 million; investment raised to BDT 10,968.96 million with 41.08% growth; deposit is BDT 32,761.21 million with 29.21% growth in 2025.
We have booked an operating profit of BDT 749.89 million in the year 2025 increased by 6.08%. Total provision charged for 2025 is 1,644.76 million that results in the net profit after tax slides to negative territory. We’ve preferred to enhance our capacity for absorbing future shock in coming days. We are confident to rebound strongly in the coming years. You will be pleased to know that we have contributed BDT 707.56 million to national exchequer in 2025.
We started in 2016 with the Paid-up Capital of BDT 4,000.00 million which is no BDT 5,250.00 million as on December 31, 2025. We are well-capitalized, deposit-funded and liquid. Our Capital Adequacy Ratio is 21.91%.
We’ve increased our Branch Network to 36 by opening two more branches at Ashulia -Dhaka and Kushtia District and one Sub-Branch at Satkhira District. We’ve spread our ATM network to 39 adding six more in the year 2025. We’ve envisioned to spread our network by establishing ‘Grahok Prangone Parisheba’; two facility have been established in 2015 in addition to three information centers. You will be glad to know that we’ve launched Bangla QR and A-Challan system. We’ve developed enterprise level Connect Apps for our corporate clients.
Looking ahead
We have a positive outlook for the Financial Year-2026. Our newly established government is managing a transitional economic recovery. Economic activity focuses on stabilizing macroeconomic indicators, reopening shuttered industrial units like state-owned jute mills under private leasing, and managing external energy and fiscal pressures. The new administration and Bangladesh Bank have rolled out cautious policy rates, merging weak institutions, and tackling non-performing loans to stabilize the wider market. We have has shown our adaptability to change and being able to respond quickly to the evolving macroeconomic conditions. The major business goals and objectives of our Bank that focused on creating sustainable businesses will be achieved in the coming days.
Going forward, our Bank will continue to serve the society and all our customers, while supporting various Government initiatives for the progress of the nation and maximizing our productivity and profitability to
enhance the satisfaction of our stakeholders.
Acknowledgements
We understand how important our stakeholders are to our journey in this interconnected financial ecosystem. We realize the importance and power of multi-stakeholder collaborations and cooperation even more by the recent pandemic and the impact of war. On this note, I would like to thank all our stakeholders for their continued and invaluable support extended to the bank.
I’m happy to express a special note of appreciation to the Board leadership team for their prudent guidance and sincere efforts underpinning the achievements outlined above.
I would like to appreciate efforts of all regulatory bodies of the Bangladesh Government, especially Bangladesh Bank, Bangladesh Securities and Exchange Commission, Registrar of Joint Stock Companies and Firms, National Board of Revenue and Financial Reporting Council.
I would like to express my heartfelt thanks to all members of Shimanto Bank Team for their professionalism, dedication and energy they showed in pursuing strategic priorities for our success.
I am confident that the Bank will remain committed to achieve its business goals and social commitments and make you all more proud of being associated with the Bank.
Sincerely,
Major General Mohammad Ashrafuzzaman Siddiqui, OSP, BSP, SUP, BGBM, ndc, psc, MPhil
Chairman, Board of Directors
Shimanto Bank PLC.
10 August 2026
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