Financial Performance

Research Project
On
Financial performance analysis of Financial Institutions
Course Code: MBA 700

Course Title: Research Project
Prepared By
Name: Muhammad Nazrul Islam

ID NO:11315116
Prepared For
School of Business
[A Research Submitted in partial Fulfillment of the IMBA Program in the University of Information
Technology and Sciences (UITS)]
Date of Submission: August 13, 2013
UNIVERSITY OF INFORMATION TECHNOLOGY & SCIENCES (UITS)
RESEARCH PAPER ON COMPARATIVE STUDY OF 5

COMMERCIAL BANKS OPERATING IN BANGLADESH
MERCANTILE BANK LTD,

DHAKA BANK LTD,
ISLAMI BANK BANGLADESH LTD,
AB BANK LIMITED &
SONALI BANK LIMITED
Prepared For
University of Information Technology and Science (UITS)
Prepared By
Muhammad Nazrul Islam
ID:
11315116
UNIVERSITY OF INFORMATION TECHNOLOGY & SCIENCES (UITS)
Student declaration
I hereby announce that the massive study entitled
RESEARCH
PAPER ON COMPARATIVE STUDY OF 5

Prepared in partial accomplishment of the requirement for the award of the degree
in
Masters of Business Administration
from
Is my original work and not put forward for the award of any other
degree/diploma/fellowship or other similar designation or accolade.
Certificate of The Project Guide

This is to certify that the extensive study entitled
Prepared in partial accomplishment of the requirement for the award of the

degree in
Masters of Business Administration
From
Is a record of Extensive examine carried out

By
ID: 11315116
Under my supervision & guidance, no part of this report has been submitted for the award of
any other degree/diploma/fellowship or other similar designation or accolade.
(Md. Nazmul Hasan)

Head of MBA Program, UITS
Certificate of Approval
The Desertion Report of
ID: 11315116
UITS
Titled
Is approved and is suitable in eminence and figure.
(Md. Nazmul Hasan)

Head of MBA Program, UITS
Letter of Transmittal
Date:20thDecember,2012
Mr.Md.NazmulHasan
HeadofMBAProgram,UITS
Dhaka.
Sub:SubmissionofResearchPaper.
DearSir,
IhopeyouwillbepleasedtoknowthatIhavecollectedmyDesertioninformationfromtherelevant
field of Mercantile Bank Limited (MBL), Dhaka bank Limited (DBL), Islami Bank Limited (IBBL), AB
Bank Limited (ABBL) & Sonali Bank Limited (SBL). It gives me immense pleasure to complete my
internshipsuccessfullyandsubmitthisreportwithanalysisthatIhaveconductedduringmydesertion
period.
Ateverysegmentofmakingthisreport,Itriedtoenhancemyknowledgeabouttheforeignexchange
andfinancialperformanceofMercantileBankLimited,DhakabankLimited,IslamiBankLimited,AB
BankLimited&SonaliBankLimited.Thisreportwilltrytogivethepictureofmyeffortandability.
Itwouldbeverykindofyouforexaminemyreportworkandgivemefurthersuggestionsandenhance
myclarificationduetofutureprospects.
MuhammadNazrulIslam
ID:11315116
Program:MBA
Major:Finance&Accounting
Acknowledgement
First of all I would like to acknowledgement The Almighty, the supreme authority of the universe.
This is an exclusive instance of professional life I passed and enjoyed in the time of my desertion,
whichhelpmetopreparethisreport.Asingleindividualcanachievenonobleobjective.Completionof
anythingrequiressupportsfromvarioussources.Iamverymuchfortunatetogetthesincereguidance
andsupervisionfromanumberofpeople.
IamdeeplyindebtedtomyinternshipsupervisorMr.Md.NazmulHasan,HeadofMBAProgram,UITS,
forhiswholeheartedguidanceandsupervision.Hissuggestionsandcommentstomakethereporta
goodonewasreallyagreatsourceofspritforme.
Iamverymuchgratefultoothercourseteacherwhoextendedtheirwholeheartedcooperationduring
mydesertionperiod.Finally,Iheartilythankallofmyteacherandfriendswhodirectlyorindirectly
lendmetheirassistanceinthisregard.
Executive Summary
Intheageofglobalizationbankingplaysapredominantanddecisiveroleindeterminingthebasicand
fundamentalcourseofeventsofaneconomyinthecontextofitscomprehensivemonetaryandfiscal
policyforitsgradualdevelopment,progressandprosperityatthenationallevelanditsadvancement
towardsinternationalnetworkwithitscontributiontothesurvivalandthebettermentofthehuman
community. Banks are among the most important financial institutions in the economy. Bank is a
financialintermediaryacceptingdepositsandgrantingloansoffersthewidestmenuofservicesofany
financialinstitution.Theyaretheprincipalsourceofcredit(loanablefunds)formillionofindividuals
and families and for many units of government. Moreover, for small local businesses ranging from
grocerystorestoautomobilesdealers,banksareoftenthemajorsourceofcredittostocktheshelves
withmerchandiseortofilladealersshowroomwithnewcars.Whenbusinessesandconsumersmust
make payments for purchase of goods and services, more often than not they use bank provided
checks,creditordebitcards,orelectronicaccountsconnectedtoacomputernetwork.Andwhenthey
needfinancialinformationandfinancialplanning,itisthebankerstowhomtheyturnmostfrequently
foradviceandcounsel.
ThisresearchpaperwillclarifyBankingconceptaswellascharacteristicsoffinancialinstitutionand
historicalrevolutionoftheseinstitutionsinBangladeshperspective.FormyresearchtaskIhavetaken
fiveleadingcommercialbanksnamedMarcantileBankLtd.,DhakaBankaLtd.,IslamiBankBangladesh
Ltd., AB Bank Ltd., and Sonali Bank Ltd. as subject. As they are influencing our national financial
conditionlargelyso.Ithinkthisanalysiswillbehelpfulforourfutureeconomicdevelopment.
Inthisresearchpaperbothverticalandhorizontalanalysisofallthefivebanksalongwithproforma
analysis are given for comparison. Benchmark Analysis and cash flow statement analysis of the
companiesarealsoprovidedhere.Ratioanalysisbasedondataoverlastfouryearsareprovidedfor
analytical comparison. Here, number of and cash flow statement analysis of performance graphs are
usedtoclarifythecompetitiveperformanceanalysis.
To complete this research paper meaningful and applicable in various business aspects comparative
SWOTanalysisofallthementionedcompaniesareprovidedalongwitheffectiverecommendation.
TableofContents:
1.0INTRODUCTIONTOTHESTUDY:........................................................................................ 5
1.1.Introduction: ..................................................................................................................... 5
1.2.Purposeofthestudy:....................................................................................................... 5
1.3.Objectiveofthestudy:..................................................................................................... 5
1.4.Scopeofthestudy: ........................................................................................................... 5
1.5.Limitationofthestudy:................................................................................................... 6
1.6.MethodologyofInformationCollection:...................................................................... 6
2.0. OVERVIEW OF THE BANK: ................................................................................................. 6
2.1MERCANTILEBANKLTD: ................................................................................................. 7
2.2DHAKABANKLTD:.......................................................................................................... 17
2.3ISLAMIBANKBANGLADESHLTD: ................................................................................ 38
2.4ABBANKLTD: .................................................................................................................. 48
2.5SONALIBANKLTD:.......................................................................................................... 54
3.0. HORIZONTAL ANALYSIS: .................................................................................................. 60
3.1. Mercantile Bank Ltd: ................................................................................................... 60
3.2. Dhaka Bank Ltd:............................................................................................................ 64
3.3. Islami Bank Bangladesh Ltd: ...................................................................................... 68
3.4. AB Bank Ltd: .................................................................................................................. 72
3.5. Sonali Bank Ltd: ............................................................................................................ 76
4.0. VERTICAL ANALYSIS: ........................................................................................................ 81
4.1. Mercantile Bank Ltd: ................................................................................................... 81
4.2. Dhaka Bank Ltd:............................................................................................................ 85
4.3. Islamic Bank Bangladesh Ltd: .................................................................................... 90
4.4. AB Bank Ltd: .................................................................................................................. 94
4.5. Sonali Bank Ltd: ............................................................................................................ 98

5.0. RATIO ANALYSIS:............................................................................................................. 102
5.1. Cash to total Assets- .................................................................................................. 102
5.2. Balance with other banks and financial institution to Total Assets- ............. 103
5.3. Investment to total assets-....................................................................................... 103
5.4. Loans to total assets-................................................................................................. 103
5.5. Borrowing from other banks and financial institution to Total Liabilities- . 104
5.6. Deposits to Total Liabilities -................................................................................... 104
5.7. Shareholders equity to Total Liabilities and shareholders equity ................. 105
5.8. Interest Expense to Interest Income: Interest Expense/Interest Income..... 105
5.9. Net Interest Income to Total Operating Income-................................................ 106
5.10. Total Operating Expense to Total Operating Income-..................................... 107
5.11. Provision and Tax to Net Interest Income ......................................................... 107
5.12. EAPT to TOI- .............................................................................................................. 107
5.13. EBT to TOI .................................................................................................................. 108
5.14. EAT to NII- .................................................................................................................. 108
5.15. EAT to TOI-................................................................................................................. 108
5.16. Retention Ratio- ....................................................................................................... 109
5.17. Time Interest Earned Ratio- .................................................................................. 109
5.18. Return on equity (ROE)- ......................................................................................... 110
5.19. Return on assets (ROA) ........................................................................................... 110
5.20. Return on Investment (ROI)- ................................................................................. 110
5.21. Credit Deposit Ratio ................................................................................................ 111
5.22. Debt Ratio .................................................................................................................. 111
5.23. Debt-to-equity ratio-............................................................................................... 112
5.24. Return on loans (ROL)............................................................................................. 113

6.0. BENCHMARK ANALYSIS: ................................................................................................. 114
6.1. Cash to Total Assests:................................................................................................ 114
6.2. Balance with Other Bank and FI: ............................................................................ 114
6.3. Investment to Total Assets: ..................................................................................... 115
6.4. Loans to Total Assets: ............................................................................................... 115
6.5. Borrowing from OB and FI:....................................................................................... 116
6.6. Deposits to Liabilities:............................................................................................... 116
6.7. Shareholders Equity to Total Liabilities: .............................................................. 117
6.8. Interest Expense to Interest Income:.................................................................... 117
6.9. Interest Income to Total Operating Income: ....................................................... 118
6.10. Operating Expense to Total Operating Income: ............................................... 118
6.11. Provision and Tax to Net Interest Income: ........................................................ 119
6.12. EAPT to TOI: .............................................................................................................. 119
6.13. EBT to TOI:................................................................................................................. 120
6.14. EAT to Net Interest:................................................................................................. 120
6.15. EAT to TOI:................................................................................................................. 121
6.16. Retention Ratio: ....................................................................................................... 121
6.17. Time Interest Earned Ratio: .................................................................................. 122
6.18. Return on Equity:..................................................................................................... 122
6.19. Return on Assets: ..................................................................................................... 123
6.20. Return on Investments: .......................................................................................... 123
6.21. Credit Deposit Ratio: ............................................................................................... 124
6.22. Debt Ratio:................................................................................................................. 124
6.23. Debt Equity Ratio:.................................................................................................... 125
6.24. Return on Loans: ...................................................................................................... 125

7.0.SWOTANALYSIS: .............................................................................................................. 126
7.1.MercantileBankLtd. ................................................................................................... 126
7.2.DhakaBankLtd. ........................................................................................................... 128
7.3.IslamiBankBangladeshLtd...................................................................................... 130
7.4.ABBankLtd. ................................................................................................................. 131
7.5.SonaliBankLtd. ........................................................................................................... 132
8.0.CONCLUSIONANDRECOMMENDATION: ...................................................................... 134
9.0REFERENCE:........................................................................................................................ 135
1.0INTRODUCTIONTOTHESTUDY:
1.1.Introduction:
This research paper is written under the supervisors of Md. Nazmul Hasan (Assistant
Professor of Finance and Head of MBA Program) University of information technology &
sciences(UITS).ThisresearchpaperisentitledFinancialperformanceAnalysisofLeasing
CompaniesoriginatedfromthepartialfulfillmentoftheMBAprogram.Thebasicpurpose
of this attachment is to expose the student to the real business situation and explain me
withthepracticesofmodernbusinessworld.Thisexposureisveryhelpfulinseeingforme
how things move and to find the gap as well as the similarities between theoretical and
practicaloperations.
1.2.Purposeofthestudy:
TheprimarypurposeofthisresearchpaperistomakeknownwithLeasingCompaniesits
operationandactivities,managementstyleandfutureplansandattempttorealizethegap
between the theoretical knowledge with the real business world. More over the research
paperhasthe
Followingobjective:
FulfillmentoftherequirementofMBAprogram
TogetaviewofaccountingprocedurefollowedbyLeasingCompanies
TofurnishabriefpictureofLeasingCompanies
Toevaluatethefinancingsystemfollowedbythem
1.3.Objectiveofthestudy:
BroadObjective:
ToanalyzethefinancialperformanceofLeasingCompanies
SpecificObjective:
Toanalyzeandunderstandliquidityratiothatcomprisesthe
adequacyoffundsandtheLeasingCompaniesabilitytopayits
obligationtocreditors.
Toanalyzecriticallyprofitabilityratiotomeasuretheefficiencyof
LeasingCompaniesactivitiesanditsabilitytogenerateprofits.
1.4.Scopeofthestudy:
The study will focus on the unique set of operating and financial characteristic of Leasing
Companies. In this study the analysis on recent years will highlight the factors associated
with success of Leasing Companies. The secondary sources of data are the balance sheet,
income statement, and cash flow statement assist to formulate ratio analysis, Benchmark
analysis,Horizontalanalysis,Verticalanalysis.
1.5.Limitationofthestudy:
Thelimitationsofthisresearchpaperare:
Mainlimitationofthisresearchworkwastime.Thetimewaslimitedincomparison
ofthevastnessofthetopic.
Someinformationwasnotdisclosedduetothestrategicreasonsofleasing
companies.
Thelibrariesandothersuchinstitutionhadtheirlimitations
Managingtimewasacrucialtocollectdataandinformationduringofficetime.Since
theseniorofficerwereverybusyduringtheofficetime,itwastoughformetogo
intoeverydetailofthematter.
1.6.MethodologyofInformationCollection:
Primarydata
Primarydataarecollectedfrominterviewingandobservationmethod.
Secondarydata
Secondary data are collected from different sources like journals, reports books etc. The
specificsourcesare:
Articles.
Annualreports
Companywebsite
2.0. OVERVIEW OF THE BANK:
2.1MERCANTILEBANKLTD:
HISTORYOFMBL
Mercantile Bank Limited is a scheduled private commercial Bank established on May 20,
1999 under the Bank Bank Act, 1991 and incorporated as a Private Limited Bank under
CompaniesAct,1994.TheBankstartedcommercialBankingoperationsfromJune02,1999.
FromthenwithinashorttimeMBLestablisheditselfinastrongpositionintheeconomyof
thecountry.IthasearnedsignificantreputationinthecountrysBankingsectorandcreated
awideimageintheeyeofthepeople.
The dream of creating MBL, which is A Bank of 21st Century, has become successful
because of the initiative of some persons who are the sponsors of MBL. There are 30
sponsors in Mercantile Bank Limited and all of them are highly regarded for their
entrepreneurialcompetence.
TheBankhasbeenoperatingsince1999withanauthorizedcapitalofTaka800millionand
paid up capital 245 million, under the entrepreneurship of thirty prominent & leading
businessmanofthecountry.
TheMercantileBankLimitedhasalreadyintroducedsomenewBankingproductslikeduel
currency Credit Cards, ATM and Online services which has created attraction among the
clients.
OBJECTIVEOFMBL
MBL is always ready to maintain the highest quality of services by
upgradingbankingtechnologyprudenceinmanagementandbyapplying
highstandardofbusinessisestablishedcommitmentandheritage.
MBLiscommittedtoensureitscontributiontonationaleconomybyincreasingits
profitability through professional and disciplined growth strategy for its customer
andbycreatingcorporatecultureininternationalbankingarena.
The objective of MBL is not only to earn profit but also to keep the social
commitment and to ensure its cooperation to the persons of all level, to the
businessman,industrialistspeciallywhomare engagesin establishinglargescale
industrybyconsortiumandtheagrobasedexportorientedmediumandsmallscale
industriesbyselfinspiration.
MBL asthelargestprivatebankiscommitteesto continueits endeavorbyrapidly

increasingtheinvestmentofshareholdersintoassets.
MBLbelievesinbuildingupstrongbasedcapitalizationofthecountry.
MBL is committed to continue its activities the new horizon of business with a
developingserviceorientedindustryandcultureofmoralityanditsmaintenancein
banking.
.
FUNCTIONOFMBL
The bank plays a vital role for developing economic growth in any country money
circulation.Ithasalotoffunctionindifferentways.Firstlytoknowaboutthebank:
Abankmeansaninstitution,whichborrowsmoneyfromthesurplusunitofthesocietyand
lends money to the deficit for earning profit. The banker through current account mainly
accepts the deposits, which are withdrawn by the cheques. Several heads of account also
acceptdepositmakinginstitution,whichdealswithmoneyandcredit.
The functions of commercial banks are now wide and varied. However the functions of
commercialbanksmaybroadlybeclassifiedunderthefollowingtwocategories:
A. Primaryfunctions
B. Secondaryfunctions
Functions of
MBL
A. Primaryfunctions
a. Acceptdeposits
i.
Demanddeposits
ii.
Timedeposits
Primary functions
b. Lendsmoney
i.Loans
ii.
Overdrafts
iii.
Cashcredit
iv.
Billspurchasedanddiscounted
c. Createscredit
d. Createsmediumexchange
Secondary functions
B. Secondaryfunctions
a. AgencyServices
i.
Collectionofcheques,drafts,rentsetc.
ii.Executionofstandinginteraction
iii. Conductingstockexchangetransactions
iv. Actingascorrespondentandrepresentative
C. GeneralUtilityServices
o
o
o
o
o
o
o
o
o
o
o
o
o
Acceptingvaluablesforsafecustody
Conductingforeignexchangebusiness
IssuingofL/C
Transferoffundsinbothways
TelegraphictransferandTCs
Merchantbanking
Factoring
Servingasareferee
Underwritingsharesandsecurities
Issuingdebitandcreditcards
Specializedadvisoryservices
Telebankingandhomebankingserviced
Internetbankingservices
EconomicsituationofBangladesh
Although the economy of Bangladesh achieved 6.66% GDP growth in FY 201011 but it
faced macroeconomic challenges in 2011. Inflation was a continuous threat over the year
and soared to a 13year high of 11.97 percent in September, 2011. Price hike in the
international market, increment of demand in domestic market, upward revision of
petroleumpriceinthedomesticmarketandmoreimportantlyhugegovernmentborrowing
from the banking system added fuel in the flame of inflationary pressure. During the first
five month of current fiscal year 201112, the government borrowed more than BDT 190
billion which is higher than the total borrowing target of BDT 189.75 billion in the same
fiscal.
ThecountrysforeignexchangereservefallbellowUSD10billioninSeptember,2011after
ithasclimbeduptoalandmarkofUSD10billioninNovember2009.Theforeignexchange
reservefaceddownwardtrendduetoexcessiveriseinimport,slowdowninremittanceand
declineinforeignaiddisbursement.Consequently,domesticcurrencydepreciatedgradually
againstallnotedcurrencyoftheworld.
CapitalMarket,ontheotherhandwasanothercauseofconcernfortheeconomyoverthe
year2011.Afterreachingarecordhighatthebeginningoftheyear,thenboththeDSEand
CSE plunged. And the downward trend in the capital market sustained for the rest of the
year 2011. Both the bourses were shaded by almost 100% in terms of the benchmark
general index. The Banking Industry of Bangladesh faced the pinch of liquidity crunch in
2011.Highergrowthofcreditcomparedtodepositsgrowthrate,indiscriminateborrowing
ofgovernmentfromthebankingchannelandcautiousmonetarypolicytriggeredtheedgy
liquidity situation. Moreover, the deadline set by Bangladesh Bank to bring down the AD
ratiowithintheregulatoryrequirementcompelledtheindustrytoattractdepositsevenata
morecompetitiverate.Besides,thebankingindustryenteredintothearenaof10percent
CAR as per Basel II accord from July 2011. All these incidents really made the situation
challengingforthebankingbusiness.
EconomicOverview:
Bangladeshhasmadesignificantstridesinhereconomicsectorsinceherindependencein
1971. Although the economy has improved vastly in the 1990s, Bangladesh still suffers in
theareaofforeigntradeinSouthAsianregion.Despitemajorimpedimentstogrowthlike
the inefficiency of stateowned enterprises, a rapidly growing labor force that cannot be
absorbedbyagriculture,inadequatepowersupplies,andslowimplementationofeconomic
reforms, Bangladesh has made some headway improving the climate for foreign investors
andliberalizingthecapitalmarkets;forexample,ithasnegotiatedwithforeignfirmsforoil
andgasexploration,bettercountrywidedistributionofcookinggas,andtheconstructionof
natural gas pipelines and power stations. Progress on other economic reforms has been
haltingbecauseofoppositionfromthebureaucracy,publicsectorunions,andothervested
interest groups. The especially severe floods of 1998 increased the country's reliance on
largescaleinternationalaid.SofartheEastAsianfinancialcrisishasnothadmajorimpact
ontheeconomy.WorldBankpredictedeconomicgrowthof6.5%forcurrentyear.Foreign
aidhasseenadeclineof10%overthelastfew monthsbut economistsseethisasagood
sign for selfreliance. There has been 18% growth in exports over the last 9 months and
remittanceinflowhasincreasedataremarkable25%rate.Exportwas$10.5billioninfiscal
year 2005 exceeding the target export of $10.4 billion. Target export for current year is
$11.5billion.AnestimatedGDPgrowthof6.7%waspredictedforFY2009
ROLEOFMBLINTHEECONOMICDEVELOPMENTOFBANGLADESH
MBLhasbeenworkingfromitsverybeginningtoensurethebestuseofitscreativity,well
managed and perfect growth.MBL is playing a vital role in socioeconomic
developmentofBangladeshbywayoflinkagewithrestoftheworldwidenetworkin
domesticandinternationaloperations.
ForeignTrade
For providing batter service in foreign tread MBL established correspondent relationship
with102offoreignBanks.
Import
FromthebeginningoftheBankithasbeenevolveinforeignexchangetohelpthecountries
internationaltrade.In2008MBLexecutedatotalof20,321LettersofCreditamountingto
BDT56,528.80million.Theimportitemsare:
Machinery
Oil
Button
Electronicsitem
Wheat
Cloths
Rice
Garmentsitem
MobilePhone
Sugar
RawCotton
AnimalsFoodetc.
Export
MBLisverymuchsupportiveinexportfinancingscienceitsbeginning.Asanoutcomeofits
positiveattitude,inexportperformanceitisholdingthetoppositionamongleadingBanks
ofnewgeneration.Atotalof17,581exportbillswerehandledworthBDT43,108.50million
is2008.Theexportitemsare:
Readymadegarments
Jute&jutegoods
Leather
Tea
Frozenfoods
Fishproductsetc.
Remittance
During the year 2011, MBL has strengthened its position in mobilizing inward foreign
remittancefromNonResidentBangladeshis(NRB)livingandworkingindifferentpartsof
the world. The bank has strategic alliance with leading exchange companies and banks in
USA,UnitedKingdom,UAE,Kuwait,Bahrain,Canada,Italy,Franceetc.Moreover,forprompt
&safedistributionofthishardearnedmoneytotheirnearanddearonesineverycornerof
the country, we have made an arrangement with Bangladesh Post Office and with some
other local agencies. In 2011, the bank handled total inward foreign remittance of BDT
7,150millioncomparedtoBDT5,108.10millionin2010registeringagrowthof39.97%.
SMSBanking
Asthetimegoesby,lifestylechanges.Tokeepup,MBLprovideyoutoSMSBankingService,
one of the most modern banking services. MBL SMS banking Service is convenient, safe,
lowcost,fastandavailableroundtheclock.
MBLSMSBankingServiceoffers:
Accesstoaccountbalance
Last3transactioninquiry
Chequestatusinquiry
FinancialPerformance
Deposits&DepositMix
Deposit is the major source of fund for Commercial Banks. All the banks wants that they
havesufficientdepositstoexpandtheirbusinesswithacontinuouslyincreasingtrend.So,
nowadays, Deposit mobilization has become a challenging task for the commercial
banks.In2011,theBankmobilizedtotaldepositsofBDT 102,262.02 millioncomparedto
that of BDT 75,629.14 million up to 2010 end. The growth rate is 35.22%. Competitive
interestrates,attractivedepositproducts,depositmobilizationeffortsoftheBank,superior
customer services along with the confidence reposed by the customers on the Bank
contributed to the notable growth in deposits. The Bank evolved a number of attractive
depositschemestocatertotherequirementofsmallandmediumsavers.Thisimprovednot
only the quantum of deposits; but also brought about qualitative changes in the deposits
structure.
DepositMix
Type
DepositUnderSchemes
Amount
35,319.71
(BDTinmillions)
Percentage(%)
34.54%
FixedDeposits
SavingsDeposits
CurrentDeposits
ShortNoticeDeposits
OtherDeposits
Total
38,875.50
5,929.74
3,440.81
2,221.59
16,474.67
102,262.02
38.02%
5.80%
3.36%
2.17%
16.11%
100.00%
LoansandAdvances
Totalloans andadvancesoftheBankstoodatBDT 79,999.80millionas onDecember31,
2011 against that of BDT 66,377.70 million at the end of December 2010. The Bank
recorded 20.52% growth in loans and advances. Major sectors where the Bank extended
credit includes trade and commerce, garments industries, large and medium scale
industries,construction,Agricultureandrelatedsectors,HospitalandMedicalServices,
Telecommunication, Solar Energy, Effluent Treatment Plant (ETP), Biogas etc. Besides,
Bank continued its support to Small and Medium Enterprises (SME) and expanded credit
facilitiestothemthroughitsSMEunit.
SectorWiseLoans&AdvancesMix
Sectors/Segments
TradeFinance
Exports(RMG)
Engineering(IronandSteel/Electrical)
SME
Food,Beverage,EdibleOil,etc
Agriculture
HospitalandMedicalServices
Textile(LinkageIndustry)
Housing
Transportation
Pharmaceuticals
Telecommunication
Others
Total
Volume
9,758.35
12,338.92
8,357.69
3,833.56
7,503.61
679.81
1,768.18
2,255.94
1,329.11
1,106.46
1,642.77
226.5
30,174.73
79,999.80
(BDTinmillion)
Percentage(%)
12.20%
15.42%
10.45%
4.79%
9.38%
0.85%
2.21%
2.82%
1.66%
1.38%
2.05%
0.28%
36.50%
100.00%
AssetPortfolio
The Banks total assets as on December 31, 2011 amounted to BDT 116,553.01 million as
compared to BDT 87,140.11 million at the end of December 2010.Among the total assets
outstanding in 2011, loans and advances constituted 68.64%, investments 21.15%, cash
5.96%,balanceswithotherbanks0.55%andotherassets3.70%asagainstthatof76.17%,
12.55%,5.60%,1.04%,and4.64%respectivelyintheend2010.
AssetPortfolio
(BDTinmillion)
In2011
Components
Amount
%ofTotal
LoansandAdvances
77,999.80
68.64%
Investments
24,645.38
21.15%
Cash
6,946.10
5.96%
BalancewithotherBanks
643.86
0.55%
OtherAssets(includingFixedAssets)
4,317.88
3.70%
Total
116,553.01
100.00%
TotalIncome
Total income increase to BDT 16,667.55 million in 2012 from BDT 14,124.38 million in
2011. Interest Income accounted for 85.24%. Exchange gains 3.32%, commission 4.90%
and other income 6.54% to total income in 2012 as against 75.89%, 4.92%, 5.27% and
13.92%respectivelyin2011.
FINANCIALPERFORMANCEINDICATOR:
2.2DHAKABANKLTD:
HistoricalBackgroundofDhakaBankLimited
DHAKABANKLIMITEDwasincorporatedasapubliclimitedBankon6th April1995under
theBankact.1994andstarteditscommercialoperationonJune05,1995asaprivatesector
bank. The bank started its journey with an authorized capital of Tk. 1,000.00 million and
paidupcapitalofTk.100.00 million.DhakaBankLimitedistheleadingPrivateSectorBank
in Bangladesh offering full range of Personal, Corporate, International Trade, Foreign
Exchange,LeaseFinanceandCapitalMarketServices. DhakaBankLimitedisthepreferred
choiceinBankingforFriendlyand PersonalizedServices,cuttingedgeTechnology,tailored
solutions for Business needs, Global reach in Trade and Commerce and high yield on
Investments, assuring Excellence in Banking Services. Dhaka Bank Limited (DBL) is a
ScheduledBankthatwasincorporatedasapubliclimitedBankonApril06, 1995underthe
Companies Act,1994.TheBankstarteditscommercial operation asaPrivateSector Bank
onJuly05,1995withatargettoplaythe vitalroleonthesocioeconomicdevelopmentof
thecountry.Aimingatoffering CommercialBankingServicetotheCustomersdooraround
thecountry,theDhakaBanklimited(DBL)established44branchesuptoyear(2009).This
organization achieved Customers confidence immediately after its establishment. Within
thisshorttimethebankhasbeensuccessfulinpositioningitselfasprogressiveanddynamic
financial institution in the country. This is now widely acclaimed by the business
community, from small entrepreneur to big merchant and conglomerates, including top
rated corporate and foreign investors, for modern and innovative ideas and financial
solution. To facilitate the daily clientele requirements, DHAKA BANK LTD. has started its
business withallthefeaturesof acorporatebank andtheproductsofbothcorporate and
retail banking system. Among all of its products Credit is one of the most important
financialtoolin modernbankingsector.ThoughDHAKABANKisalwaystryingtoimprove
their services in this field, but in todays competitive business world, banks need to offer
additionalconcentrationtotheclientsrequirementinorderstayatthetop.Thestrengthof
abankdependsonitsmanagementteam.TheEmployerin DhakaBankisproudtohavea
team of highly motivated, welleducated and experienced executives who have been
contributing substantially in the continued progress of the bank. The management is ably
supported and assisted by wellmotivated and experienced officers to run the day to day
affairsofthebanksmoothly.Thebankisproudtohaveadedicatedbandofpeopletowhom
the commitment to provide Excellence in banking is imbued in the way of their life. The
marketingactivitiesatthe DhakaBankLTD.Areveryimplicitandvastcomparingtothatof
otherbankin thecountrytoday.ThePhilosophyofthebankisEXCELENCEINBANKING.
This is the banks commitment and guiding principle. In the General Banking sector
marketingseemstobethemostimportantsector.Toinfluencingthe
clients the bank uses a few apparatus or tactics. The main objective of the bank is to
persuadetheclientsto open an accountin the bank,becausea bankisaninstitute where
the service is more or less intangible. As the product of the bank is service oriented.
Therefore, in most cases the bank has to pursue the customers through their wit and
intelligence. Besides, there are a number of banks in the country both national and
international therefore, the competition is immense. There are some very strict rules and
speciallymaintainedregulationsandtheoperationsofthebank,
whichareregulatedbyBangladeshBank.Anotherimportanttaskofthebankistomaintain
thereputationthroughtheircustomerserviceorientedfacilities.AndDhakaBankisalways
willingtooffernewproductfeaturestotheclient.Besidestheapplicationsoftheseproducts
orservicesarepreparedinaverymodernwaysothattheservicecanbeprovidedinleast
time required. The Credit facilities approved by Dhaka Bank are increasing day by day
becauseofitswellorganizedandtrainedmanagementandalsowellequippedfacilities.The
Bank didnt stick with its in only one field rather it has diversified its credit facilities. In
recent time banking sector becomes very competitive and without giving good and
attractivefacilitiesandservicenobankcansurviveinthistime.DhakaBankisalsotryingto
provide good service to keep going with this competition. The Authorized Capital of the
DhakaBankLimited(DBL)wasTk.6,000MillionandPaidupCapitalofTk.100million.The
Paid up Capital of the Bank stood at Tk.1934 Million as on 31 December 2008. The Total
Equity (Capital and Reserves) of the Bank as on 31 December, 2004 stood at Tk.1, 488
Million. Tk. 2216 million in 2005 increase 31 December 2006 Tk.2551 increase 31
December2007Tk3,125increase31December2008Tk4,000whichexceedthestipulated
requirementsforBanksinBangladesh.
TheCommitments
DHAKA BANK values its customers. Each customers expectations of superior
servicesandproductsarebanksprimemoves.DhakaBankhasreachedits13years
inbanking.Onthisjoyousoccasion,DhakaBankhighlighteditscorevalues.These
are
Patience
Focus
Goal
Experience
Loyalty
Care
Sincerity
Foresight
Punctuality
Trust
Knowledge.
Mission
To bethepremier financialinstitutioninthecountryprovidinghigh qualityproducts and
services backed by latest technology and a team of highly motivated personnel to deliver
ExcellenceinBanking.
Vision
At Dhaka Bank we draw our inspiration from the distant stars. Our team is committed to
assure a standard that makes every banking transaction a pleasurable experience. Our
endeavor is to offer you razor sharp sparkle through accuracy, reliability, timely delivery,
cuttingedgetechnology,andtailoredsolutionforbusinessneeds,globalreachintradeand
commerce and high yield on your investment. Our people, products and processes are
alignedtomeetthedemandofourdiscerningcustomers.Ourgoalistoachieveadistinction
liketheluminariesinthesky.Ourprimeobjectiveistodeliveraqualitythatdemonstratesa
truereflectionofourvisionExcellenceinBanking.
Slogan
ExcellenceinBanking
Motto
The bank will be a confluence of the following three interests: Of the bank : profit
maximization
Ofthecustomer:maximumbenefitandsatisfaction.Ofthesociety:maximizationofwelfare
Values
CustomerFocus
Integrity
Teamwork
Respectfortheindividual
Quality
ResponsibleCitizenship.
Strategies
EstablishDBLasoneofthetopfivesuccessfulPrivateCommercialBanksby2008.
Buildastrongdepositbase.
Introduce new products & services and upgrade existing products & services at
comparatively low cost in order to assure quick respond to the changing demands in the
market.
Strengthencorporateidentityandvalues.
BringtheentiresystemunderaveryadvancedITplatform.
Socializeandpresentthebanktothecommunityasacorporate
partner.
GoalsoftheBank
Increaserevenue20%eachyear.
Achievecostsynergyby20%
Reducecostoffundsto7%
Reduce dependence on Bank Deposits to ensure continuous flow of core funds through
basedeposit.
ChangedepositmixTimevs.Transactionaccountsto60:40.
ReduceNonPerformingloantolessthan1%oftotalassets.
ObjectivesoftheDhakaBankLimited
TheprimeobjectiveofDBListodeliveraqualitythatdemonstratesatruereflectionoftheir
visionExcellence in Banking. Improve the quality of loan and services, and diversify the
sourcesofrevenue.
Focus on Current, Savings & Short Term Deposit Accounts to reverse the ratio (26:74)
withFixedDepositReceipt.
TakeimmediateactionrequiredtoreversetheriseofCostofFund.
Increasefeebasedincome:increasevolume&feeofLetterofCredit&
Guarantee,increaseexportandexchangeearnings.
Reduceoperatingcostbyatleast20%.
FINANCIALHIGHLIGHT
FINANCIALPERFORMANCEOFDHAKABANK
Dhaka Bank Limited is high performing private commercial bank, which further
consolidated its position in the market in terms of quality services to the customers and
valueadditionfortheshareholders.TheBankmadehealthyprogressinallareasofbusiness
in2012.
Assets
Asof31December,2012totalassetoftheBankstoodatTk.133million,anincreaseof27%
asagainst2011.Theincreaseinassetwasmainlydrivenbysignificantgrowthofcustomer
deposits.Thegrowthofdepositwasusedforfundinginloansandadvancesandholdingof
securitiesforSLR.
Cash&BalanceswithBangladeshBankanditsAgent
The cash & balances with Bangladesh Bank its Agent registered 26% growth as of 31
December,2012.ThegrowthofdepositsincreasedthebalanceswithBangladeshBankand
its agent for maintaining the Cash Reserve Requirement (CRR), which was maintained
adequately.
BalanceswithOtherBanks&FinancialInstitutions
Thebalanceswithotherbanks&FinancialInstitutionsincreasedby39%whichwasmainly
due to transfer of fund to Current Accounts of different banks for covering the payments
againstInwardForeignRemittancestobeneficiaries.
MoneyatCall&ShortNotice:
This was the major functional area of the Treasury Division of the Bank. The Bank
registeredanegativegrowthof6%inMoneyatCall&ShortNoticeasagainstpreviousyear.
TheamountofPlacementwasinvestedathigherrateofinteresttoNBFIsduringtheyear
2008.
Investments
The Banks Investment during the year 2012 were mostly in long term Government
SecuritieswhichstoodatTk.7,239millionasagainstTk.5,972millionmakingagrowthof
21% over the last year. The Government Treasury Bonds purchased at higher rate of
interesttocovertheincreasedSLRarisingfromthegrowthofdepositliabilities.
Loans&Advances
The Bank implemented the system of credit risk assessment and lending procedures by
stricter separation of responsibilities between risk assessment, lending decisions and
monitoring functions to improve the quality and soundness of loan portfolio. The Bank
recordeda24%growthinadvanceswithatotalloansandadvancesportfolioofTk.49,698
millionattheendofDecember2012comparedtoTk.39,972millionattheendofDecember
2011.
Figure1:AdvancesofDhakaBank(20082012)
Asof31December2012,96.16%ofthetotalBanksloanportfoliowasregularwhileonly3.84%
ofthetotalportfoliowasnonperformingascomparedto3.15%of2011.Bankmaderequired
provision as of 31 December against performing and nonperforming loans as per rate and
classificationnormprovidedbyBangladeshBank.Thevolumeofnonperformingloanstoodat
Tk. 1,908 million in 2008 from Tk. 1,258 million in 2011. Of total loan provision of Tk. 1,445
million,Tk.620millionwasgeneralprovision,whichwas43%oftotalprovision.TherestTk.825
millionwasagainsttheclassifiedaccounts.
A wide range of business industries and sectors constitutes the Banks Advance portfolio.
Major Sector where the bank extended credit include steel & engineering, ship breaking,
edible oil, sugar, housing & construction, pharmaceuticals, chemicals, electronic &
automobiles,energy&power,serviceindustries,tradefinance,personal/consumercredit,
leasing etc. the bank continued to support Small and Medium Enterprises (SME) and
expendedcreditfacilitiestothemthroughitsSMEcell.
SectoralallocationofadvancesrevealsawelldiversifiedportfoliooftheBankwithbalance
exposureindifferentsectors.Highconcentrationsectorsaretextileandgarmentindustries
with outstanding of Tk. 10,216 million, housing and construction with Tk. 4,669 million,
foodandalliedindustrieswithTk.2,729millionandengineeringandmetalincludingship
breakingwithTk.2,505millionasat31December2012.
Liabilities:
TotalLiabilitiesoftheBankstoodatTk.67,137millionasof31December2012registering
a growth of 24% over the last year. This has happened for increase of deposits from
customers mainly and settlement of import payments against deferred and Cash Letter of
Credits.
BorrowingsfromBanks,FinancialInstitutionsandAgents
TreasuryDivisionresortedtoborrowingfrommoney.TheBankregisteredgrowthof581%
in Borrowings from Banks, Financial Institutions and Agents as against last year position.
The main reason of this huge growth was DBLs borrowing against refinance from
Bangladesh Bank. Refinance was taken for SME financing and against Islamic Investment
Bond.
Deposits:
ThedepositbaseofthebankcontinuedtoregisterasteadygrowthandstoodatTk.56,986
million excluding call as of 31 December 2012 compared to Tk. 48,371 million of the
previousyearregistereda17%growth.Thegrowthwassupportedbybranchnetworkand
high standard products and service along with competitive interest rate provided to
customers.Thecustomergroupofthebankwasindividuals,corporation,NBFI,government
bodies,NGO,autonomousbodiesetc.
The cost free and low cost deposits comprised of 28% of the deposits. Fixed deposits
remained the main component of deposits contributing about 70% of the total deposits.
Average cost of deposit was 9.40% in 2012 as against 8.97% in 2011. Deposit mix of the
bankasof31December2012wasasfollows:
Capital
Dhaka Bank Limited commenced its operation on July 05, 1995 as a private sector bank
withanauthorizedcapitalofTk.1,000million andpaidupcapitalof Tk.100million.The
bank raised its authorized capital from Tk. 1,000 million to Tk. 2,650 million in 2005 and
Tk.6,000millionin2007.
The paidup capital of the bank amounted to Tk. 1,934 million as of 31 December 2008.
PaidupCapitalincreasedbyTk.387million(bonusshareof2007)in2008.Thestatutory
reserve also increased by Tk. 373 million during the year by transferring 20% of pretax
profitasperCompaniesAct1991.Thetotalshareholdersequity(capital&reserve)ofthe
BankasattheendofDecember2008stoodatTk.3,999.51millionincludingsponsorcapital
of Tk.1,113 million. The Bank also made general provision of Tk.620 million as per rate
givenbyBangladeshBankagainsttheunclassifiedloansandadvances,whichwillbetreated
assupplementarycapital.Inadditiontothat50%ofrevaluationreserveofHTMSecurities
aretreatedassupplementarycapitalasperBangladeshBankdirectives.Thestronggrowth
inequitywillhelpthebanktoexpanditsbusiness.
SourcesoffundofDhakaBank(2012)
Source:AnnualAuditReport2012.
IncomeandRevenue
Interest income increased by 27% from Tk. 5,636 million in 2011 to Tk.7,171 million in
2012. The high growth of advance resulted this high growth of interest income. Average
yieldonadvancewas14.91%during2008.
Incomefrominvestmentsincreasedby26%fromTk.529millionin2011toTk.664million
in2008mainlyduetothepurchaseoffiveandtenyearsGovernmentBondsathigherrate
ofinterestforSLRpurpose.
Commission and Exchange earnings increased by 32% from Tk. 819 million in 2007 to
Tk.1,077millionin2012duetoincreaseinbrokeragecommission,L/C&L/Gcommission,
exchangeearningandotherfees&commissionincome.
TheNetInterestMargin(NIM),whichisderivedbynetinterestincomedividedbyaverage
earning assets, was 4.60% in 2012 as compared to 4.54% in 2011. The increase of Net
interest margin (NIM) was mainly because of higher spread which is being resulted from
theyieldonriskassetsanddepositrates.
UsesofFundofDhakaBank(2012)
Net Interest Income (NII) increased by 24% from Tk. 2,116 million in 2011 toTk.2,622
million in 2012 mainly due to increase of interest income from both advances and
investments.
Expenses
Interest expense increased by 29% from Tk. 4,049 million in 2011 to Tk. 5,214 million in
2012. This rise interest expense is mainly attributable to the overall increase in Deposit
ratesinthemarket.
Salary&AllowancesincreasedbyTk.121 millionduetotherevisedpayscaleeffect from
July2008,recruitmentofnewstaffs,annualincrement.
Other overhead expenses increased by Tk. 72 million mainly because of lease rental for
fixed assets, increase of advertisement in electronic and print media for business
development, opening of some new branches, printing stationery, online communication
charges, insurance, office rent, repair & maintenance, direct sales agents remuneration,
contractualagencycharges.
EarningbaseinAssetsofthebankwas88%in2012comparedto89%in2011.Theratio
indicatesefficientutilizationofresourcestoearnrevenues.
OperatingandNetProfit
DhakaBankLimitedregisteredanoperatingprofitofTk.2,533millionin2012comparedto
Tk. 2,010 million in 2011 making a growth of 26%. After all provisions including general
provisions on unclassified loans, profit before tax stood at Tk.1,864 million. Provision for
tax for the year 2012 amounted to Tk. 1,025 million. The net profit of the Bank as of 31
December2012stoodatTk.839millioncomparedtopreviousyearsTk.704millionmaking
growth of 19%. Earning per Share (EPS) was Tk.43.97 in 2012 compared to Tk.36.39 in
2011asperBAS33.
Operating&NetProfit
OperatingProfit
NetProfit
3000
2533
TakainMillion
2500
2010
2000
1500
1000
500
1184
893
747
358
463
839
704
580
0
2008
2009
Operating&NetProfitofDhaka(20082012)
ProvisionforTax
2010
2011
2012
ProvisionforcurrentyeartaxwasTk.1,025millioncomparedtoTk.827millionofprevious
year.DeferredtaxwasintroducedasperrequirementofBangladeshAccountingStandard
(BAS)12fromtheyear2006.
CapitalAdequacyRatio(CAR)
CapitaladequacyismeasuredbytheratiooftheBankscapitaltoriskweightedassetsboth
onbalancesheetandoffbalancesheettransactions.ThecapitalfundoftheBankincreased
by Tk.1,128 million in 2012. Shareholders equity grew by Tk.839 million and stood at
Tk.3,999.51 million during the year. Total capital (Tier1 & Tier2) of the Bank as of 31
December 2008 stood at Tk.4,808 million against Tk.3,680 million of 2007. Banks risk
weightedassetsincreasedbyTk.5,084millionandstoodatTk.40,598millionin2008dueto
mainlyincreaseofloansandadvances.AccordingtoBalanceSheet2008,capitalratiowas
equivalentto11.84%ofRiskWeightedAssetsagainst10.36%of2011.
BaseIIDhakaBankPerspective
WithaviewtoensureBoardandSeniorManagementoversightDhakaBankestablisheda
unit namely Basel II Implementation Unit (BIU) exclusively assigned with the task of
reviewingthenatureandlevelofriskrelatingtobankingassetsandplanningforadequate
capital framework. The BIU members meet on regular basis, at least monthly, to monitor
implementationstatusofRiskBasedCapitalAdequacyofBanksandalsothoseissueswhich
maydirectlyeffectcapitalrequirement(e.g.compliancewithDOS5circularof2012).
QuantitativeImpactAnalysis
Tocomplywiththeroadmapof2011DhakaBankconductedQuantitativeImpactAnalysis
(QIA)toassesthepreparednessofimplementingBaselII.TheBankhasappointedaCredit
RatingAgency(CRA)forcreditratingofDhakaBankLimitedsince2012.
RatingofClients/ObligorsofDhakaBank
The BIU supervises the arrangement of credit rating of clients/obligors by Credit &
Reengineering Division. Supervising Impact of DOS Circular # 5/2008 in the
implementation of Basel II the BIU supervises compliance with Department of Offsite
Supervision(DOS)Circular#05:MarkingtomarketbasedrevaluationofTreasuryBilland
BondheldbythebankingBankdatedMay26,2008.TheBIUconductedadetailedanalysis
oftreatmentoftreasuryBillsandBondsasperthecircularandadvisedmanagementhow
suchcompliancewillimpacteligiblecapital.
MinimumCapitalCalculationandReporting
DhakaBankregularlysubmitsstatementincompliancewithBaselI.TheBankisfullyready
to submit reports on Minimum Capital Requirement (MCR), Eligible Capital and Risk
Weighted Assets (RWA) under Risk Based Capital (Basel II) for the first quarter of 2009.
StrongoversightbytheBoard,ExecutiveCommitteeandtheAuditCommitteebyadhering
togoodcorporategovernance.
ForeignExchangepositionofDhakaBankLimited
FOREIGNTRADEOFDBL
Modernbanksfacilitatetradeandcommercebyrenderingvaluableservicestothebusiness
community.Apartfromprovidingappropriatemechanismformakingpaymentsarisingout
of trade transactions, the banks gear the machinery of commerce , especially in case of
international commerce, by acting as useful link between the buyer and seller, who are
oftentoofarawayfromandtoounfamiliarwitheachother.Accordingtoforeignexchange
regulation act 1947 Any thing that conveys the right to wealth in another country is
foreignexchange.Foreignexchangedepartmentplayssignificantrolesthroughproviding
different services for the customers. Opening or issuing letters of credit is one of the
importantservicesprovidedbythebanks.
Letterofcredit:
Aletterofcreditisaletterissuedbya(known asthe openingortheissuing bank)atthe
instance of its customer (known as the opener) addressed to a person (beneficiary)
understandingthatthe billsdrawn bythebeneficiarywillbedulyhonoredbyit(opening
bank)providedcertainmentionedintheletterhavebeencompliedwith.
ThecustomaryclausescontainedinaL/Carethefollowing:
Aclauseauthorizedthebeneficiarytodrawbillsofexchangeuptocertainontheopener.
Listofshippingdocuments,whicharetoacBankthebills.
Descriptionofthegoodstobeshipped.
Anundertakingbytheopeningbankthatbillsdrawninaccordancewiththeconditions
willbedulyhonored.
Instructionstothenegotiatingbankforobtainingreimbursementofpaymentsunderthe
credit.
Partiestoaletterofcredit:ThepartiestoaL/Care
Importer/buyer
Openingbank/Issuingbank
Exporter/Seller/Beneficiary
advisingbank/notifyingbank
Negotiatingbank
Confirmingbank
Paying/Reimbursingbank
TheAdvisingBank:
Itisthebankintheexporterscountry(normallytheexportersbank),whichis
usuallytheforeigncorrespondentofimportersbankthroughwhichtheL/Cis
advisedtothesupplier.Iftheintermediarybanksimplyadvises/notifiesthe
L/Ctotheexporterwithoutanyobligationonitspart,itiscalledAdvising
Bank.
TheConfirmingBank:
IftheAdvisingBankalsoaddsitsownundertakingtohonorthecreditwhile
advisingthesametothebeneficiary,hebecomestheConfirmingBank,in
addition,becomesliabletopayfordocumentsinconformitywiththeL/Cs
termsandconditions.
TheNegotiatingBank:
Thebankthatnegotiatesthebillofexporterdrawnunderthecreditisknownas
NegotiatingBank.Iftheadvisingbankisalsoauthorizedtonegotiatethebill
drawnbytheexporter,itbecomestheNegotiatingBank.
AcceptingBank:
ABankthatacceptstimeorunaskeddraftsonbehalfoftheimporteriscalled
anAcceptingBank.TheIssuingBankcanalsobetheAcceptingBank.
ThePayingBankandtheReimbursingBank:
IftheIssuingBankdoesnotmaintainanyaccountwithabankthatwillbe
negotiatingdocumentsunderaL/C,thenarrangementistomaketoreimburse
thenegotiatingBankfortheamounttobepaidunderfromsomeotherbank
withwhichtheIssuingBankmaintainsitsaccount.Thelatterbankisknown
asReimbursingbank.Aletterofcreditmaybeeither.
IntheDhakaBankLimitedForeignexchangesectionofallbranchesperforms
variousfunctionsunderthreedepartments.
a.ImportDepartment
b.ExportDepartment
c.ForeignRemittance
Import
In the year 2012, Dhaka Bank Limited was active in extending services to their valued
clientsrelatedwithimportbusiness.Asof31stDecember2012ourimportvolumewasTk.
65,737millioncomparedtothevolumeof2011forTk.49,496millionmarkinganincrease
of 33% from the last year. The major import items of the year were: Capital Machinery
scrapvessel,hotrollednonalloysteel,HDPE,rawcotton,fabrics&accessories,fertilizers
andedibleoil/oilseeds.
Import
65737
70000
TakainMillion
60000
46277
50000
40000
30000
28048
49496
30213
20000
10000
0
2008
2009
2010
Figure2:ImportVolumebyDhakaBank(2012)
2011
2012
Export
DhakaBankLimitedexperiencedsoundgrowthofexportbusinessin2012from2011.The
volume of export business rose to Tk. 39,038 million from Tk. 31,081 million in 2011
showing an increase of 26%. As before, readymade garments still remained the major
export item of 2012. The other export items were jute, accessories (buttons, interlinings,
labelsetc.)andfootwearetc.
Export
45000
39038
40000
31081
TakainMillion
35000
23268
30000
25000
20000
15000
8881
13505
10000
5000
0
2008
2009
2010
2011
2012
Figure3:ExportVolumebyDhakaBank(2012)
InwardForeignRemittance
Dhaka Bank Limited has ended the year 2012 with total Inward Foreign Remittance of
Tk.11,834million.Ithascommenced itsoperationwiththeviewtoservingtheexpatriate
Bangladeshis through fast and efficient disbursement of remittances. Providing fast and
efficient service to its expatriate clients has been the banks top priority, along with
increasingtheinflowofforeigncurrencytocontributetothecountrysforeignreserve.We
beginourjourneyin2009withaviewtoavailfurtherBankingServicestoitsvaluedclients
localandabroad.
InwardForeignRemittance
11,834.00
2012
10,609.00
2011
16,764.00
2010
2009
3,377.00
2008 1,110.00
2,000.00
4,000.00
6,000.00
8,000.00
10,000.0
12,000.0
14,000.0
16,000.0
18,000.0
0
0
0
0
0
TakainMillion
Figure4:InwardForeignRemittanceofDhakaBank(2012)
InternalControl&Compliance
The Bank stresses on both the design and operation effectiveness of its internal control
system to protect the bank from possible loss that may arise from either intentional/
unintentionalerrorsorfromfraudulentactivities.TheAudit&InternalControlDivisionof
the Bank is independent and able to carry out its assignments with objectivity and
impartiality. The division makes a year wise risk based audit plan to carry out
comprehensive audits and inspections on the banking operations in various divisions of
head office and branches in order to ensure that internal control practice and procedures
are in and complied with. On the other hand, e Muraqib under Shariah Council conducts
shariah audit in the Islamic banking branches at least twice in the year as per instruction
given by Shariah Council of the Bank. The Audit Committee of the Board subsequently
reviewsallaudit/inspectionsreportsandauthorizessuggestedcorrectivemeasures.
The Information Systems/Information Technology Audit Unit conducts audits to evaluate
thesystemsefficacy andsecurityprotocols,inparticular,toevaluatethe Banksabilityto
protectitsinformationassetsandproperlydispenseinformationtoauthorizedparties.The
IS/IT audit focuses on determining risks that are relevant to information assets, and in
assessing & suggesting controls in order to reduce or mitigate these risks to acceptable
level.
The Compliance Unit of the division works as the point of contact when any regulatory
inspection is carried out and ensures that corrective measures are taken and the
appropriate responses are made on a timely fashion. If the regulatory authority identifies
anymajorlapsesthenitnotifiestotheseniormanagementand/ortotheAuditCommittee
of the Bank. The Monitoring Unit of the division monitors and followup the ethical
standards through Departmental Control Function Check List (DCFCL), Loan
Documentation Check List (LDCL) and Quarterly Operation Reports. On receipt of the
compliancereporttheMonitoringUnitcarefullychecksthecompliancestatuswiththehelp
of systems. It also regularly monitors branch MIS (e.g. Classification, Excess over Limit,
Overduefacilities,KYC,TPetc.)onlinefromthesystemsandnotifiesdeficiencies,ifany,to
the audit management as well as to the top management and/or the Audit Committee for
regularization/rectification. Moreover, External Auditors conducts an independent
assessment of Banks internal controls over financial reporting and comment on its
effectiveness.TheExternalAuditorsalsoreportsstrengthsandweaknessesoftheinternal
controlsystemoftheBank.
Remittance
Withthepaceof growthinthe volumeininwardforeignremittance,DhakaBank Limited
stands among the top 10 private sector commercial banks in the Bangladesh remittance
marketwithina veryshortspan oftime.Extensiveuseofthetechnologyalongwithlarge
deliverynetworkhassignificantlyfosteredthegrowthofDBLremittancebusiness.Asapart
of our strategic initiative, we have opened branches in different locations and also
established remittance arrangements with good number of leading exchange Companies
around the globe. This has significantly increased the flow of foreign remittance through
our bank sent by Non Resident Bangladeshis living in different parts of the world. At
presentDhakaBankhasarrangementwith20ExchangeHousesinNorthAmerica,Europe
andMiddleEasthavingamarketshareof2%inremittancebusinessinBangladesh.
SUGGESTINGWAYSFORIMPROVINGTHESCENARIO:
About 50% of the foreign exchange of Dhaka Bank Gulshan Branch is classified, which
prettymuchhighcomparedtootherbanksassaidbythebankofficial.Increaseintheno.of
nonperformingloansisathreattothebank.Itforcesthebanktolowerdepositratewhich
in turn forces the bank to charge high for loans. Below are some suggestions to make the
scenariobetter:
ThoughtheemployeesofForeignExchangeDivisionalwaysbusywithcustomer
servicedirectly.SoIthinkifthereismoreemployeesthentheycouldgivebetter
service
TheInstallmentsizeshouldbeadjustedtotheamountofdisposableincomeofthe
client.
ForeignexchangeRateofIslamiBankshouldbeincreasedrapidly
Thereshouldbeinterestrebatingfortheclientswhopaysonaregularbasis.This
willencourageclientstopayaspertheschedule.
NetprofitofMarcantileBankshouldbeaccelerated.
AllBankshouldfollowCentralBankexchangeratepolicy.
BankshoulddiscourageCreditdepartmenttodisburseloanstopeopleinvolvedin
businessthatishashighseasonality.
A relative must also become the eye witness and his/her identity should also be
keptwiththeloandocuments.Thiswillhelptorecovertheloaniftheclientdoes
notpayregularly.
Intermediaryvisitsshouldbemadetoclientstoverifyforwhatpurposes/hehas
usedthemoney.Andremindhim/herregardingthepaymentofdueinstallments
ifthereisany.
Bankshouldearlyactiontoensuretherepaymentofthedisbursedloan.
DhakaBankLtdshouldintroduceEBankingfacilities.
The credit evaluation agent should also make a proper calculation of assets and
liabilities of the client requested for loan which is now done with guess and
clientsfinancialcondition.
CONCLUSION:
DhakaBankLimitedisoneofthetopperformingprivatecommercialbanksofthecountry.
In 2008, it showed rapid growth in all of the banking area the bank is involved in. the
qualityofserviceprovidedbyDhakaBankiscomparabletothestandardofforeignbanks
operatinginthecountryaspercustomers opinion.DhakaBankalways strivestoprovide
bestservicestotheclients.Personalloanisoneoftheproductsthroughwhichitcatersto
theneedsoftheclients.Thebankshoulddevelopastrategythroughwhichitcanretainthe
amount of money it disburses as personal loan. The bank should be more careful while
evaluatingthecreditworthinessofaclientwhoappliedforapersonalandmonitoringand
recovery process should be more responsive and able to take action according to the
situation. For this, bank must build up a strong pool of human resources who can take
chargeoractionaccordingtotheneedofthesituation.
2.3ISLAMIBANKBANGLADESHLTD:
Introduction:
Islami Bank Bangladesh limited was incorporation on 1 march, 1983 and received its
BankingLicenseon28marches,1983.IBBLstartedfunctioningon30marches,1983.The
authorizedcapitaloftheBankwasTK.50.00coresandpaidupcapitalisTK32.00Cores.
Inspired by the success of Islami Bank Bangladesh Limited 5 other Islamic Banks are
workingAlBarakaBank,SocialInvestmentBankAlArafaIslamiBank,ShahjalalBankand
EXIMBank have beenestablishedinBangladesh.Somanyconventionalbanksareopened
theirIslamicwindow.
HistoricalbackgroundofIBBL
In August 1974, Bangladesh signed the Charter of Islamic Development Bank and
committeditselftoreorganizeitseconomicandfinancialsystemsasperIslamicShariah.In
January 1981, the president of Bangladesh, the then, while addressing the 3rd Islamic
Summit Conference held at Mecca and Taif suggested, The Islamic countries should
developaseparatebankingsystemoftheirowntofacilitatetheirtradeandcommerce.
This statement of the president indicated favorable attitude of the government of the
Peoples Republic of Bangladesh towards establishing Islamic banks and financial
institutions in the country. Earlier in November 1982, Bangladesh Bank, the countrys
centralBank,sentarepresentativetostudytheworkingofseveralIslamicBanksabroad.
In November 1982, a delegation of IDB visited Bangladesh and showed keen interest to
participateinestablishingajointventureIslamicBankintheprivatesector.Theyfounda
lotofworkhadalreadybeendoneandIslamicbankingwasinareadyformforimmediate
introduction. Two professional bodies Islamic Economics Research Bureau (IERB) and
Bangladesh Islamic Bankers Association (BIBA) made significant contributions towards
introductionofIslamicbankinginthecountry.
TheycameforwardtoprovidetrainingonIslamicbankingtotopbankersandeconomiststo
fillupthevacuumofleadershipforthefutureIslamicbanksinBangladesh.Theyalsoheld
seminars, symposia and workshops on Islamic economics and banking through out the
countrytomobilizepublicopinioninfavorofIslamicbanking.
TheirprofessionalactivitieswerereinforcedbyanumberofMuslimentrepreneursworking
under the aegis of the then Muslim Businessmen in society (now reorganized as
industrialist & Businessmen Association). The body concentrated mainly in mobilizing
equitycapitalfortheemergingIslamicBanks.
At last, the long drawn struggle, to establish an Islamic bank in Bangladesh becomes a
reality. Islami Bank Bangladesh Limited was established in March 1983. In which 19
Bangladeshi nationals, 4 Bangladeshi institutions and 11 banks, financial institutions and
governmentbodiesofthemiddleeastandEuropeincludingIDBandeminentpersonalities
ofthekingdomSaudiArabiajoinedhandstomakethedreamareality.
IslamiBankBangladeshLimitedataglance:
1.Dateofincorporation
2.DateofreceivingBandinglicense
:13.03.83
:28.03.83
3.Dateofincorporationoffirstbranch(LocalofficeDhaka):30.03.83.
4.Formalinauguration
5.Zone
:6
6.Authorizedcapital
:10,000million
7.Shareofcapital
:a)Localshareholders
b)Foreignshareholders
8.Paidupcapital
:42.68%
:57.36%
:4,752.00
9.Equity(31/12/2008)
:Tk.18,572.08million
10.Branches
12.Investment(31/12/2008)
11.Deposit(31/12/2008)
:12.08.83
:196
13.ForeignExchangeBusiness(31/12/2008)
:Tk.110059.00million
14.Numberofemployee(31/12/2008)
:9636
15.Shareholder(31/12/2008)
:33,686
Shari`ahCouncil
Shariah Council of the bank is playing a vital role in guiding and supervising the
implantationandcomplianceofIslamicShariahprinciplesinallactivitiesofthebanksince
its very inception. The council, which enjoys a high status in the structure of the bank,
consistsofprominentulama,reputedbanker,renownedlawyerandeminenteconomists.
Members of the Shariah Council meet frequently and deliberate on different issues
confrontingthebankonShariahmatters.TheyalsoconductShariahinspectionofbranches
regularly so as to ensure that the Shariah principles are implemented and complied with
meticulouslybythebranchesofthebank.
ObjectivesofShariahCouncil
TheShariahCounciloftheBankplaysaveryimportantroleinframingandexertingpolicy
for strict adherence of Shariah Principles in the Bank. The council is represented by 13
members consisting of prominent Ulama having adequate knowledge in Fiqhul Moamalat,
renownedlawyersandeminenteconomiststoadviseandguideontheimplementationand
compliance of Shariah principles in all activities of the Bank particularly on the modes of
investment.
The shariah council assists the Board of Directors for advising them on matters
relatedtoshariah.
The opinion of the majority of members is taken as the opinion of the council
providedthatthesaidopinionissupportedbyatleastthreeMuftisofthecouncil.
ThecouncilmaintainsitssecretariatandawellequippedlibraryastheHeadOffice
ofthebankwhereitkeepsproperrecordsofallofitsproceedingsanddecisions.
The council elects a chairman and a secretary from amongst them. The chairman
willnormallypresideoverthemeetings.Inhisabsencethememberspresentelect
oneofthemtopresideoverthemeetings.
Thecouncilmaywheneveritthinksnecessary,constitutesasubcommitteetohelp
thecouncil.
ThecouncilissuesShariahCertificateintheAnnualReportofthebank.
ProfitandRiba
Profit on loss comes from investment in business activities. Profit is the result of
ownershiptransactionandriskfollowingthefoursstages:
TransformationthroughBai/BuyingSellingofgoods.
RiskofTransformationandOwnership.
OtherConditionofShariah.
ResultProfitonloss
Profitisthedifferencebetweenthevalueofproductionandthecostofproduction
whichisHalalaccordingtoIslamicShariah
Riba/Interest:
Interest comes from loan, credit, advance of money. The word used by the Quran
concerning "Interest" is Riba. The literal meanings of Riba are money increase,
increaseofanythingorincrementofanythingfromitsoriginalamount.
FromtheIslamicShariahpointofview,RibaisHaram.
ComparisonbetweenRibaandProfit
Riba
Profit
1. Onegoodsfungible
1. Twogoods
2. LoanOwnershipretained
2. OwnershipExchanged
3. Excesswithoutexchangevalue
3. EquityofValue
4. Notransformation
4. Transformation
5. NoRiskofTransformationandownership
5. Riskhome
6. Norelationwithresultimposed
6. Istheresult
7. Certain
7. Uncertain
ConventionalbankingVs.Islamicbanking
Conventionalbankingisessentiallybasedonthedebtorcreditorrelationshipbetweenthe
depositorsandthebankonthehandandbetweentheborrowersandthebankontheother.
Interestisconsideredtobethepriceofcredit,reflectingtheopportunitycostofmoney.
Islamontheotherhand,considersaloantobegivenortaken,freeorcharges,tomeetany
contingency. Thus in Islamic banking, the creditors should not take advantage of the
borrower.
ConventionalBanks
IslamicBanks
1. The functions and operating modes of 1. The functions and operating modes of
conventional banks are based on manmade Islamicbanksarebasedontheprinciplesof
principles.
IslamicShariah.
2.Theinvestorisassuredofapredeterminedrate 2. In contrast, it promotes risk sharing

ofinterest.
between provider of the capital (investor)

andtheuserofthefunds(entrepreneur).
3. It aims at maximizing profit without any 3. It also aims at maximizing profit but
restrictions.
subjecttoShariahrestrictions.
4.Itdoesnotdealwithzakat.
4.InthemodernIslamicbankingsystem,it
has become one of the service oriented
functionsoftheIslamicbankstocollectand
distributezakat.
5.Lendingmoneyandgettingitbackwithinterest 5. Participation in partnership business is

is the fundamental function of the conventional the fundamental function of the Islamic
banks.
banks.
6. Its scope of activities is narrower when 6. Its scope of activities is wider when
comparedwithIslamicbanks.
comparedwithaconventionalbank.Itisin
effectamultipurposeinstitution.
7. It can charge additional money in case of 7. The Islamic banks have no provision to
defaulters.
charge any extra money from the

defaulters.
Notes to the Financial Statements For the year ended December

31,2011StatusoftheBank
Islami Bank Bangladesh Limited was established as a Public Limited Banking Bank in
Bangladeshin1983asthefirstinterestfreeShariahbasedScheduledCommercialBankin
SouthEastAsia.Naturally,itsmodusoperandiissubstantiallydifferentfromthoseofother
conventionalCommercialBanks.TheBankconductsitsbusinessontheShariahprinciples
of Mudaraba, Musharaka, BaiMurabaha, BaiMuajjal, Hire Purchase under Shirkatul Melk
andBaiSalametc.ThereisaShariahCouncilintheBankwhoensuresthattheactivitiesof
the Bank are being conducted on the precepts of Islam. The Shariah Council consists of
prominentUlema,reputedBankers,renownedLawyersandeminentEconomists.
There are two Stock Exchanges in Bangladesh viz. Dhaka Stock Exchange Limited and
Chittagong Stock Exchange Limited and the Bank is listed with both the Stock Exchanges.
The Bank carries out its businessactivities through its Head Office in Dhaka having 196
Branches in Bangladesh. The principal place of business is the Registered Office at Islami
BankTower,40,DilkushaCommercialArea,Dhaka1000Bangladesh.
Natureofbusiness
All kinds of commercial banking services are provided by the Bank to the customers
followingtheprinciplesofIslamicShariah,theprovisionsoftheBankBankAct1991and
BangladeshBanksdirectives.SignificantAccountingPolicies.
PreparationofFinancialStatements
These Financial Statements have been prepared on a going concern basis under the
historicalcostconventionasmodifiedtoincludetherevaluationoflandandbuildingaswell
as Generally Accepted Accounting Principles in consistent with those of previous year.
Although the operations of the bank are in strict compliance with the rules of Islamic
Shariah,theFinancialStatements havebeenpreparedbasicallyasperprovisionsof Bank
Bank Act 1991 as amended by Bangladesh Bank BRPD Circular No 14 dated 25.06.2003,
Bangladesh Banks other Circulars / Instructions and following International Financial
Reporting Standards (IFRS) adopted as Bangladesh Accounting Standard (BAS) by the
Institute of Chartered Accountants of Bangladesh, the Companies Act 1994, the Securities
andExchangeRules1987,DhakaandChittagongStockExchangesListingRegulationsand
otherlawsandrulesapplicableinBangladesh,Financial
Accounting Standard issued by the Accounting and Auditing Organization for Islamic
Financial Institutions (AAOIFI), Manama, Bahrain as a member of that organization. A
separatesetofrecordsforconsolidatingthestatementofAffairsandIncome&Expenditure
Statement of the Branches are maintained at the Head Office of the Bank at Dhaka from
whichtheFinancialStatementsaredrawnup.
InvestmentinSharesandSecuritiesandRevenueRecognition
a) Investments in Shares and Securities are stated at cost and adequate provisions have
beenmadeagainstprobablelosses.
b)DividendincomeonsharesofJointStockCompaniesisaccountedforwhenitisreceived.
c)ProfitonInvestmentinBangladeshGovernmentIslamicInvestmentBond(IslamicBond)
isrecognizedonaccrualbasis.
InvestmentsandRevenueRecognition
a) Investments are stated in the Balance Sheet net off unearned income and profit
receivable.
b)Incomefrominvestmentsisaccountedforonaccrualbasisexceptinvestmentsunder
Musharaka,
Mudaraba,BaiSalametc.modeofInvestment.IncomeincaseofMudaraba,Musharakaand
BaiSalam is accounted for on realisation basis. Besides, fees and commission income are
recognised when earned. TheBank does not charge any rent during the gestation/interim
period of investment against Hire Purchase under Sherkatul Melk (HPSM) mode of
Investmentbutitfixesthesalepriceoftheassetsatahigherlevelinsuchawaytocoverits
expectedrateofreturn.Suchincomeisrecognisedonrealisationbasis.
Profit/Rent/CompensationSuspenseAccountandIrregularIncome
Profit/Rent/Compensationaccruedonclassifiedinvestmentsaresuspendedandaccounted
for as per Circulars issued by the Bangladesh Bank in this behalf from time to time.
Moreover, income which is irregular (doubtful) as per Shariah is also not included in the
distributable income of the Bank. Bank charges compensation on overdue BaiMurabaha

andBaiMuazzalinvestments.SuchcompensationisnotpermissibleasperShariahtotake
into regular income of the Bank. Therefore, the total amount of compensation is used to
buildupprovisionforbadanddoubtfulinvestments.Therealizedamountofcompensation
is being gradually transferred to Islami Bank Foundation for charitable purposes. Interest
received from the balances held with Foreign Banks abroad and from Foreign Currency
ClearingAccountwithBangladeshBank are alsonotcreditedtoregular incomesinceitis
notpermissibleasperShariahinsteadtheseareappropriatedtocharitablepurposesasper
Boarddecisionafterpaymentofdueincometaxthereon.
Zakat:
Zakatispaidbythebankattherateof2.58%(insteadof2.50%astheBankmaintainsits
Accounts following Gregorian Year) on the closing balances of Share Premium, Statutory
Reserve, General Reserve, Investment Loss Offsetting Reserve, Exchange Equalisation and
Dividend Equalisation accounts. Payment of Zakat on Paid up Capital and Deposits is the
responsibilityoftheShareholdersandDepositorsrespectively.RetirementBenefitandStaff
Welfare Schemes The bank maintains Contributory Provident Fund, Gratuity Fund, Social
Security Fund and Benevolent Fund. These funds are managed by separate board of
trustees.
a)ProvidentFund
The provident fund is for the regular and confirmed employee who has worked for a
minimumperiodof5(five)yearsinIBBLanditcameintoforcewitheffectfrom1stdayof
March,1986.Thefundreceivescontributions@10%ofthebasicpaybothfromemployees
andemployer.Tk.804.85millionwasavailableintheIBBLEmployeesProvidentFundasat
December31,2008.
b)Gratuity
TheGratuityFundfortheregularandconfirmedemployeesofIBBLwasestablishedon1st
day of March, 1986. The employees who serves at least 7 (seven) years in IBBL, are
normallyentitledtogetgratuityequivalenttoonemonthsbasicsalaryoftheemployeesfor
theircompletedyearofservicesintheBank.GratuityfortheemployeesofIBBLhasbeen
increasedfrom1(one)Monthsbasicpayto1(one)Month,1.5(oneandahalf)Monthsand
2(two)Monthsbasicpay,consideringthelengthofserviceandalsoforprematuredeathin
harness.TheBankhastakenupvariousstepstobuildupadequatefundgraduallyandTk.
60millionhasbeenprovidedduringtheyear2008fortheFund.TheFundbalancestoodat
Tk.904.68millionasatDecember31,2008.
c)SocialSecurityFund
Theschemecameintoforcewitheffectfromthe8thDecember,1988.Itwasestablishedfor
financialhelptothememberoftheIBBLEmployeesSocialSecurityFundandtheirfamilies
incaseofdeath,physicaldisabilityoftheemployeewhileinserviceorofanyincidenceof
likenatureacceptabletotheBoardofTrusteesandretirementfromtheservice.Tk.204.99
millionwasavailableintheIBBLEmployeesSocialSecurityFundatDecember31,2008.
d)BenevolentFund
TheBenevolentFundfortheregularandconfirmedemployeesofIslamiBankBangladesh
Limited was established in the year 1986. This fund is mainly used for payment of
scholarshiptothemeritoriousstudentsamongthechildrenofIBBLsofficersandsubstaff,
toallowshorttermquard/grantfortheunexpectedand
certainneedsofthestaffofIBBLlikeaccident,clinicaltreatment,marriageceremonyofthe
substaff and their dependents. Tk.58.19 million was available in the benevolent fund at
December31,2008.
FixedAssetsanddepreciation
a)Fixedassetsaregenerallystatedatoriginalcostlessaccumulateddepreciation.
b)DepreciationischargedatthefollowingratesonareducingbalancemethodonallFixed
Assets other than Motor Vehicles and Computers, which are depreciated on straight line
basisfortheyearof2008:
ItemsPercentage
i)Premises2.50%
ii)FurnitureandFixtures10.00%
iii)MotorVehicles20.00%
iv)MechanicalAppliances20.00%
v)Computers25.00%
vi)Books30.00%

c)DepreciationattheapplicablerateshasbeenchargedonadditiontoFixedAssetsduring
the year for the days of use. No depreciation is charged on building until the same is
completedandbroughtintouse.
SharingofInvestmentIncome
IncaseofInvestment,MudarabaDepositorsfundgetspreferenceovercostfreefund.The
investment income earned through deployment of Mudaraba Fund is shared by the Bank
andtheMudarabaDepositorsatthepredeterminedratiofixedbytheBank.
ForeignCurrencyTransactions
a)ThetransactionsinforeigncurrenciesareconvertedintoequivalentTakacurrencyusing
theexchangeratesrulingonthedatesofsuchtransactions.
b) The Assets and Liabilities including balance with other Banks denominated in foreign
currencies as at December 31, 2008 are converted into Taka currency at the weighted
average rate of inter Bank Market as determined by Bangladesh Bank. Balances held in
foreign currencies other than US Dollar are converted into equivalent US Dollar at buying
ratesofNewYorkclosingofthepreviousday.
ForeignExchangeBusiness
TheforeigntradehandledbytheBankmaybeclassifiedasunder:
(1)ImportBusiness
(2)ExportBusiness
(3)ForeignRemittance
(4)NecessaryServicesrelatingForeignBusiness&Trade.
TheachievementofIslamiBankintheareaofforeignexchangebusinesshasbeen
quitephenomenal.TheBankhasbeenprovidingservicestoimportandexporttrade
and for repatriation of hardearned foreign exchange of Bangladeshis living and
workingabroadandhas,bynow,consolidateditspositionintheseareas.
2.4ABBANKLTD:
ABBankLimitedisoneofthefirstgenerationprivatecommercialbanks(PCBs),incorporatedin
Bangladesh on 31 December 1981 as a public limited Bank under the Companies Act 1913,
subsequentlyreplacedbytheCompaniesAct1994,andgovernedbytheBankingCompaniesAct
1991.TheBankwentforpublicissueofitsshareson28December1983anditssharesarelisted
withDhakaStockExchangeandChittagongStockExchangerespectively.ABBankLimitedhas86
Branchesincluding1IslamiBankingBranch,1OverseasBranchinMumbai,India.TheBankhas
six subsidiary companies, AB Investment Limited, AB Securities Limited, CashLink Bangladesh
Limited, Arab Bangladesh Bank Foundation all incorporated in Bangladesh, AB International
FinanceLimited,incorporatedinHongKongandABExchange(UK)LimitedincorporatedinUK.
ABInvestmentLimited
AB Investment Limited (ABIL), a Subsidiary of AB Bank Limited was incorporated under the
CompaniesAct,1994on24December2009withaviewtorunandmanagetheoperationsof
MerchantBankingWingofABBankLimitedindependently.ABInvestmentLimitedstartedits
operationon10March2010.ABInvestmentLimitedhasachievedanunparallelreputationasa
leading Merchant Banker through providing portfolio management services by maintaining a
highlevelofprofessionalexpertiseandintegrityinclientrelationship.ABIL'sRegisteredOfficeis
locatedatWWTower(Level7),68MotijheelC.A.,Dhaka.ABILhastwobranchofficesatAgrabad,
ChittagongandChowhatta,Sylhet.
ABSecuritiesLimited
Brokerage business of Arab Bangladesh Bank Foundation has been transferred to the newly
formed AB Securities Limited (ABSL) vide Bangladesh Bank approval letter BRPD(R
1)717/2009493dated08November2009.MainobjectiveoftheBankistoactasastockbroker
tobuyandsellSecurities,Bond,andDebentureetc.onbehalfofclients.ABSLalsomanagesits
ownportfoliounderStockDealerLicense.ABSLisamemberofbothDhakaStockExchangeLtd.
andChittagongStockExchangeLtd.Respectively.ABSLstarteditsoperationsindependentlyon
02August2010,beforethatitoperatedundertheABBFLicense.
CashlinkBangladeshLimited
Cashlink Bangladesh Limited (CBL) was incorporated on 24 September 2008 in Bangladesh
undertheCompaniesAct1994asaprivateBanklimited.ABBankLimitedpresentlyholds90%
sharesinCBL.TheprincipalactivityoftheBankistoinstallandoperateaswitchedAutomated
Teller Machines (ATM) and Point of Sales (POS) network on behalf of a number of local and
foreignbanksenablingthesememberbankcustomerswhoareactivecardholderstowithdraw
cash,makeutilitybillpayments(e.g.water,gas,electricityandtelephonebills)andtopurchase
commoditygoodsfromanyoftheATMandPOSterminalsestablishedunderthenetwork.
ABInternationalFinanceLimited
ABInternationalFinanceLimited(ABIFL)isaBankincorporatedanddomiciledinHongKong
and has its registered office and principal place of business at Unit 1201B, 12/F, Admiralty
Centre,TowerOne,18Harcourt,HongKong.
ABExchange(UK)Limited
ABExchange(UK)Limited(ABEL)isaBankincorporatedanddomiciledinUnitedKingdom(UK)
andhasitsregisteredoffice69WhitechapelHighStreet,London,E17PL.Itsregisterednumberis
07272766(England&Wales).ABELisfullyowned(100%)SubsidiaryofABBankLimited.
ArabBangladeshBankFoundation
Bank also has a Subsidiary (99.60% owned) for philanthropic/ CSR activities known as Arab
BangladeshBankFoundation(ABBF).ThishasnotbeenincludedintheConsolidationbecause
BoardofDirectorshaveresolvedtotransformABBFintotheSocietiesRegistrationActNo.XXIof
1860.
ThegeneralqualitativedisclosurerequirementwithrespecttocreditriskBankclassifiesloans
and advances (loans and bill discount in the nature of an advance) into performing and non
performingloans(NPL)inaccordancewiththeBangladeshBankguidelinesinthisrespect.
An NPA (impaired) is defined as a loan or an advance where interest and/ or installment of
principalremainoverdueformorethan90daysinrespectofaContinuouscredit,Demandloan
oraTermLoanetc.
Classifiedloaniscategorizedunderfollowing03(three)categories:
>Substandard
>Doubtful
>Bad&Loss
Anycontinuousloanwillbeclassifiedas:
>Substandard'ifitispastdue/overduefor6monthsorbeyondbutlessthan9months.
>"Doubtful'ifitispastdue/overduefor9monthsorbeyondbutlessthan12months.
>Bad/Loss'ifitispastdue/overduefor12monthsorbeyond.
AnyDemandLoanwillbeclassifiedas:
>Bad/Loss'ifitremainspastdue/overduefor12monthsorbeyondfromthedateofclaimby
thebankorfromthedateofcreationofforcedloan.
>Substandard'ifitremainspastdue/overduefor6monthsorbeyondbutnotover9months
fromthedateofclaimbythebankorfromthedateofcreationofforcedloan.
>Doubtful'ifitremainspastdue/overduefor9monthsorbeyondbutnotover12monthsfrom
thedateofclaimbythebankorfromthedateofcreationofforcedloan.
Incaseofanyinstallment(s)orpartofinstallment(s)ofaFixedTermLoanisnotrepaidwithin
theduedate,theamountofunpaidinstallment(s)willbetermedas`defaultedinstallment'.
i.IncaseofFixedTermLoans,whicharerepayablewithinmaximumfiveyearsoftime:
>Iftheamountof'defaultedinstallment'isequaltoormorethantheamountofinstallment(s)
duewithin12(twelve)months,theentireloanwillbeclassifiedas''Doubtful".
duewithin18(eighteen)months,theentireloanwillbeclassifiedas''Bad/Loss''.
ii.IncaseofFixedTermLoans,whicharerepayableinmorethanfiveyearsoftime:
duewithin12(twelve)months,theentireloanwillbeclassifiedas''Substandard''.
duewithin6(six)months,theentireloanwillbeclassifiedas''Substandard''.
duewithin18(eighteen)months,theentireloanwillbeclassifiedas''Doubtful".
duewithin24(twentyfour)months,theentireloanwillbeclassifiedas''Bad/Loss''.
Descriptionofapproachesfollowedforspecificandgeneralallowancesandstatisticalmethods:
Typesofloansandadvances
Provision
UC
SMA
SS
DF
BL
Housebuilding
2%
5%
20%
50%
100%
Otherthan
5%
5%
20%
50%
100%
Provisionforloanagainst
2%
5%
20%
50%
100%
ShorttermAgri.Creditand
5%
5%
5%
5%
100%
Small&MediumEnterprise
1%
5%
20%
50%
100%
Others
1%
5%
20%
50%
100%
Consumer
The Board approves the credit policy keeping in view relevant Bangladesh Bank guidelines to
ensure bestpractice increditrisk management and maintain quality of assets. Authorities are
properlydelegatedinensuringcheckandbalanceincreditoperationateverystagei.e.screening,
assessing risk, identification, management and mitigation of credit risk as well as monitoring,
supervisionandrecoveryofloanswithprovisionforearlywarningsystem.Thereisaseparate
Credit Risk Management Division for ensuring proper risk management of Loans and Credit
Monitoring and Recovery Division for monitoring and recovery of irregular loans. Internal
control & compliance division independently assess quality of loans and compliance status at
leastonceinayear.AdequateprovisionismaintainedagainstclassifiedloansasperBangladesh
Bank Guidelines. Status of loans are regularly reported to the Board/ Board Audit Committee.
Besides,CreditriskmanagementprocessinvolvesfocusedonmonitoringofTop30Loans,Top
20Defaulters,Sectoralexposuresvizavizamongotherslimit.
Interestrateriskinthebankingbook(IRRBB):
The general qualitative disclosure requirement including the nature of IRRBB and key
assumptions,includingassumptionsregardingloanprepaymentsandbehaviorofnonmaturity
deposits,andfrequencyofIRRBBmeasurement.
InterestrateriskisthepotentialthatthevalueoftheOnBalanceSheetandtheOffBalanceSheet
position of the Bank would be negatively effected with the change in the Interest rate. The
vulnerabilityofaninstitutiontowardstheadvancemovementoftheinterestratecanbegauged
by using Duration GAP under Stress Testing Analysis. AB Bank has also been exercising the
Strees Testing using the Duration GAP for measuring the Interest Rate Risk on its On Balance
Sheetexposureforestimatingtheimpactofthenetchangeinthemarketvalueofequityonthe
Capital Adequacy Ratio (CAR) due to change in interest rates only on its On Balance Sheet
position(astheBankholdsnointerestbearingOffBalanceSheetpositionsandorDerivatives).
Undertheassumptionofthreedifferentinterestratechangesi.e.1%,2%and3%
Policiesandprocessesformitigatingoperationalrisk
Thepolicyforoperationalrisksincludinginternalcontrol&complianceriskisapprovedbythe
Board taking into account relevant guidelines of Bangladesh bank. Policy guidelines on Risk
BasedInternalAuditsystemisinoperationasperRBAbranchesareratedaccordingtotheirrisk
statusandbranchesscoringmoreonriskstatusaresubjectedtomorefrequentauditbyInternal
Control&ComplianceDivision(ICCD).Itisthepolicyofthebanktoputallthebranchesofthe
bankunderanyformofauditatleastonceinayear.ICCDdirectlyreporttoAuditCommitteeof
theBoard.InadditionthereisaVigilanceCellestablishedin2009toreinforceoperationalrisk
managementofthebank.Bank'sAntiMoneylaunderingactivitiesareheadedbyCAMELCOand
theiractivitiesaredevotedtoprotectagainstallmoneylaunderingandterroristfinancerelated
activities. Apart from that, there is adequate check & balance at every stage of operation,
authorities are properly segregated and there is at least dual control on every transaction to
protectagainstoperationalrisk.
2.5SONALIBANKLTD:
Introduction:
Soon after independence of the country Sonali Bank emerged as the largest and leading
State Owned Commercial Bank by proclamation of the Banks' Nationalization Order 1972
(Presidential Order26) liquidating the then National Bank of Pakistan, Premier Bank and
Bank of Bhwalpur. As a fully state owned institution, the bank had been discharging its
nationbuilding responsibilities by undertaking government entrusted different socio
economic schemes as well as money market activities of its own volition, covering all
spheresoftheeconomy.
The bank has been converted to a Public Limited Bank with 100% ownership of the
governmentandstartedfunctioningasSonaliBankLimitedfromNovember152007taking
over all assets, liabilities and business of Sonali Bank. After corporatization, the
managementofthebankhasbeengivenrequiredautonomytomakethebankcompetitive
&torunitsbusinesseffectively.
Sonali Bank Limited is governed by a Board of Directors consisting of 13(thirteen)
members.TheBankisheadedbytheChiefExecutiveOfficer&ManagingDirector,whoisa
wellknownBankerandareputedprofessional.Thecorporateheadquarterofthebankis
locatedatMotijheel,Dhaka,Bangladesh,themaincommercialcenterofthecapital.
Sonali Bank, the largest Commercial Bank in Bangladesh was established in 1972 under
Presidential Order No. 26 of 1972. The bank is fully owned by the government of the
Peoples Republic of Bangladesh. The Bank had 1186 branches including two overseas
branches (Kolkata and Siliguri in India) as on 31st December 2004. Out of total 1191
branchesBesides,25boothsunderdifferentbranchesareperformingspecializedfunctions
atdifferentlocations.
From 10 December 2002 Sonali Bank (UK) Ltd (a joint venture Bank of Sonali Bank And
Govt.ofBangladesh)hasbeenoperatingtochannelisebankingactivitiescoveringthewhole
Europe.
AsubsidiaryBanknamedSonaliExchangeCo.Inc.wasincorporatedon4April1994under
thelawsoftheStateofNewYork;DepartmentofStatelicensedon17October1994bythe
State of New York Banking Department and commenced operation as an International
Money Transmitter from 12 December 1994 through which Bangladeshi citizens living in
the USA are conveniently remitting money to Bangladesh. There are three representative
offices of Sonali bank in Jeddah and Riyadh of KSA and another in Kuwait engaged in
motivatingBangladeshiexpatriateslivingtheretoremitmoneythroughbankingchannel.
ManagementofSonaliBankLtd.:
Sonali Bank is operated by a board of directors, which is composed of seven

members. Of the seven members, one is the Chairman who is appointed by the
Government. All the board members are given appointment for a term of three
years.
Vision&MissionOfSonaliBankLimited
Vision:
The vision of the bank is to poverty alleviation with the collaboration of

government participating in various social and development programs and takes
partinimplementationofvariouspoliciesandpromisesmadebythegovernment.
Mission:
ToProvideallkindtypesofbankingserviceatthedoorstepsofthepeople.
Toestablishacountrywideinformationnetworksystemtofacilitatemonitoringand
toimprovethequalityofserviceofthebank.
To provide general advances in different sectors to upgearing the economic
activities.
Topromotetheeconomicdevelopmentofthecountryaswellasincreasepercapital
income.
To provide term loan to establish new industries to create opportunities for new
employment.
ObjectivesofSonaliBankLimited:
To provide all types of banking services at the doorsteps of the rural &
urbanpeople.
To participates in various Social and development programs and
implementspoliciesandcommitmentsoftheGovernment.
Toworkasarepresentativeofgovt.inland&outsideofthecountry.
RANK:
CountryRank
:1
AsianRank(Asiaweek,14September,2001)
:282
WorldBank(TheBankersalmanac,volume3July,1999)
:925
Slogan:
YOURTRUSTEDPARTNERININOVATIVEBANKING
RecentAchievement:
Sonali Bank Ltd. with its sincerity and quality of service and a wide branch network has
been increased its acceptance to all customer segments. As a result, it won The Asian
BankerExcellenceinRetailFinancialServicesAwards2010asthebestRetailBankerin
Bangladesh as well as among the countries in the Asia Pacific, Central Asia and the Gulf
Regions.
ThebestCorporateAwardCommitteeoftheInstitureofCostandManagementAccountants
ofBangladesh(ICMAB)hasconsideredSonaliBankLimited.tosecurethe"FirstPositionas
theBestCorporateintheBankingSector"(NationalizedBank/Governmentownedpublic
Bank) among the contesting bank in the award for its contribution to the development of
corporatebanking.
ServicesofSonaliBankLtd:
UTILITYSERVICE
Sonali Bank offers multiple special services with its network of branches throughout the
countryinadditiontoitsnormalbankingoperations.
Collection
Gasbills
Electricitybills
Telephonebills
Water/Seweragebills
MunicipalholdingTax
PassportfeesandTraveltax
Payment
PensionofemployeesofGovernmentandotherCorporateBodies
Armypension
Britishpension
Students'stipend/scholarship
Widows,divorceesanddestitutewomenallowances
FreedomFighters'allowances
Govt.&NonGovt.Teachers'salary.
Sale&Encashment/Purchase
SavingsCertificates
ICBUnitCertificates
PrizeBonds
WageEarner'sDevelopmentBonds
LotteryticketsofdifferentSemiGovt.andAutonomousBodies.
ProductsofSonaliBankLtd:
DepositProducts:
Currentaccount
Savingsaccount
ShorttermDeposit(STD)Account
FixedDepositScheme(FDR)
DoubleBenefitScheme(DBS)
MonthlyEarningScheme(MES)
Medicaldepositscheme(MDS)
EducationDepositScheme(EDS)
MarriageSavingsScheme(MSS)
Sonalisavingsscheme(SDS)
SpecialDepositPensionScheme(SDPS)etc.
Loan&AdvanceProducts:
Shorttermloans:
Overdrafts
Cashcredit(pledge,hypothecation)
Smallloans
Agricultureloans(crophypothecation)
Ruralhousing
Ruraltransportationetc.
Mediumandlongtermloans
Agrobasedindustries
Frozenfood
ComputerSoftwareandinformationtechnology
Exportorientedfinishedleatherandjutegoods
Exportorientedspinning,textileandgarmentsindustries
CNG(compressednaturalgas)fillingstations
Pharmaceuticalindustries
Chemicalindustries
Commercialhousebuildingloans
PaperIndustriesetc.
ForeignExchangeactivities
Foreigntradeandforeigncurrency
Paymentagainstdocuments
Remittance
AdvanceAgainstMerchandise
ForeignCurrencyAccountsandWageEarnersScheme
PackingCredit
Foreignexchange:Imports
Foreignbillcollection
Bankguarantee
Nonresidenceaccounts
Travelerschequesetc.
ForeignTradeandForeignExchange:
Foreigntradeandforeignexchangedealswiththefollowing:
Foreigntradeandforeignexchange
Licensingauthority
FunctionofBangladeshBank
Functionofcustomauthority
Authorizeddealers
Agencyagreement
Typesofaccounts
3.0. HORIZONTAL ANALYSIS:

3.1. Mercantile Bank Ltd:
Mercantile Bank Limited

Comparative Balancesheet (Horizontal Analysis)
Years Ended December 31, 2009 & 2010
Increase (Decrease)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
In hand (including foreign currencies)
Balance with Bangladesh Bank and its agent Bank(s)
(including foreign currencies)
2009
Amount
Percent (%)
4,877,118,983
4,790,155,210
725,743,332
4,151,375,651
498,486,173
4,291,669,037
86,963,773
227,257,159
-140,293,386
0
1.82%
45.59%
-3.27%
Balance with other banks and financial institutions
908,549,740
1,017,865,437
-109,315,697
-10.74%
In Bangladesh
Outside Bagladesh
336,299,571
572,250,169
764,122,864
253,742,573
-427,823,293
318,507,596
-55.99%
125.52%
Money at call and on short notice
Investments
10,937,201,791
9,664,722,134
1,272,479,657
13.17%
Government
Others
9,565,346,007
1,371,855,784
9,175,729,563
488,992,571
389,616,444
882,863,213
4.25%
180.55%
Loans, advances and lease/investments
66,377,697,326
48,295,546,954
Loans, cash credits, overdrafts, etc/investments

Bills purchased and discounted
60,868,739,469
5,508,957,857
44,574,237,307
3,721,309,647
18,082,150,372
16,294,502,162
1,787,648,210
37.44%
36.56%
48.04%
Fixed assets including premises, furniture and fixtures
1,647,581,148
1,032,825,043
614,756,105
59.52%
Other assets
2,391,960,482
1,365,400,824
1,026,559,658
75.18%
Non-banking assets
Total Assets
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other banks,
financial institutions and agents
87,140,109,470
66,166,515,602
0
20,973,593,868
31.70%
864,043,691
1,842,825,721
-978,782,030
-53.11%
Deposits and other accounts
73,739,392,053
55,553,083,656
Current account and other accounts

Demand deposits
Bills payable
Saving bank deposits
Special notice deposits
Fixed deposits/Term Deposits
Bearer certificates of deposit
Other deposits
Non Convertible Subordinated Bond
13,101,835,627
919,953,615
5,238,953,971
25,865,957,124
28,612,691,716
-
7,425,229,434
789,044,669
4,392,947,478
19,215,499,453
23,730,362,622
-
18,186,308,397
5,676,606,193
0
130,908,946
846,006,493
0
6,650,457,671
0
4,882,329,094
0
32.74%
76.45%
16.59%
19.26%
34.61%
20.57%
Other liabilites
5,350,988,463
876,633,979
19.59%
Total Liabilities
79,954,424,207
61,870,263,861
18,084,160,346
29.23%
4,072,206,600
2,042,559,084
130,563,476
940,356,103
-
2,158,413,400
1,555,373,902
105,410,663
477,053,776
-
1,913,793,200
487,185,182
25,152,813
0
0
463,302,327
0
0
88.67%
31.32%
23.86%
4474354484
Capital/Shareholder's Equity
Equity attributable to equity holders of the parent company
Paid-up-capital
Statutory reserve
Other reserve/General R eserve
Asset revaluation reserve
Revaluation reserve on Investment
Surplus in Profit and Loss Account
Retained earnings
Minority interest
Total Equity
Total Liabilities and Shareholders' Equity
97.12%
7,185,685,263
4,296,251,741
2,889,433,522
67.25%
87,140,109,470
66,166,515,602
20,973,593,868
31.70%

Increase (Decrease)
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
Amount
Percent (%)
12,015,121,299
6,946,104,482
1,470,564,755
10,544,556,544
812,551,015
6,133,553,467
5,069,016,817
658,013,740
4,411,003,077
0
625,015,429
643,855,116
-18,839,687
-2.93%
In Bangladesh
Outside Bagladesh
551,208,596
73,806,833
499,894,695
143,960,421
51,313,901
-70,153,588
10.26%
-48.73%
72.98%
80.98%
71.92%
Investments
41,314,194,597
24,645,376,621
16,668,817,976
67.63%
Government
Others
40,034,748,601
1,279,445,996
23,348,847,110
1,296,529,511
16,685,901,491
-17,083,515
71.46%
-1.32%
93,610,874,413
79,999,799,464

85,901,923,826
7,708,950,587
73,804,712,735
6,195,086,729
13,611,074,949
12,097,211,091
1,513,863,858
17.01%
16.39%
24.44%
2,898,596,040
2,711,318,595
187,277,445
6.91%
Other assets
3,576,381,413
1,606,559,609
1,969,821,804
122.61%
Non-banking assets
Total Assets
Liabilities
Demand deposits
Bills payable
Other deposits
154,040,183,191
116,553,013,887
37,487,169,304
32.16%
0
0
0
11,336,516,874
189.68%
17,313,279,868
5,976,762,994
118,106,883,704
94,102,832,878
19,927,391,172
1,725,460,339
6,869,659,847
46,250,915,355
43,333,456,991
-
12,870,710,702
1,107,180,337
5,929,735,523
38,875,499,490
35,319,706,826
-
24,004,050,826
7,056,680,470
0
618,280,002
939,924,324
0
7,375,415,865
0
8,013,750,165
0
25.51%
54.83%
55.84%
15.85%
18.97%
22.69%
Other liabilites
7,695,469,735
6,814,084,739
881,384,996
12.93%
Total Liabilities
143,115,633,307
106,893,680,611
36,221,952,696
33.89%

Paid-up-capital
Statutory reserve
Other reserve/General Reserve
Retained earnings
Minority interest
Total Equity
6,110,753,160
3,119,683,762
753,360,335
940,752,627
-
4,968,092,000
2,643,393,554
870,039,141
1,177,808,581
-
1,142,661,160
476,290,208
-116,678,806
0
0
-237,055,954
0
0
23.00%
18.02%
-13.41%
-20.13%
10,924,549,884
9,659,333,276
1,265,216,608
13.10%
154,040,183,191
116,553,013,887
37,487,169,304
32.16%

Comparative Income Statement (Horizontal Analysis)
Consolidated Profit and Loss Statement 2009 & 2010
Vertical Analysis in Percent
Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
Interest income/profit on investments
Interest/profit paid on deposits and borrowings, etc
Net Interest Income
Investment income
commission, exchange and brokerage
Other operating income
Total operating income(a)
6,837,900,076
(5,176,002,117)
6,066,171,939
(4,755,901,859)
771,728,137
-420,100,258
12.72%
8.83%
1,661,897,959
1,310,270,080
351,627,879
26.84%
919,447,774
696,683,198
222,764,576
31.98%
1,201,048,112
1,059,867,629
141,180,483
13.32%
993,417,661
425,089,853
568,327,808
133.70%
3,113,913,547
2,181,640,680
4,775,811,506
3,491,910,760
932,272,867
1,283,900,746
42.73%
36.77%
OPERATING EXPENSES
Salary and allowances
Chief executive's salary and fees
Directors' fees
932,982,480
807,198,037
125,784,443
15.58%
4,627,258
184,168,069
-179,540,811
-97.49%
4,538,100
7,994,350
-3,456,250
-43.23%
230,052,874
27,205,921
202,846,953
745.60%
Legal expenses
14,559,219
82,341,385
-67,782,166
-82.32%
Postage, stamps, telecommunication, etc
50,082,585
6,450,000
43,632,585
676.47%
116,660,521
4,055,400
112,605,121
2776.67%
750,000
709,000
41,000
5.78%
Depreciation and repairs of Bank's assets
120,290,064
96,423,954
23,866,110
24.75%
Other expenses
454,142,496
363,666,775
90,475,721
24.88%
Rent, taxes, insurance, electricity, etc
Stationery, printing, advertisement, etc

Auditors' fees
Charges on loan losses
Repair & Maintenance of Bank's Assets
Total operating expenses (b)
1,928,685,597
1,580,212,891
348,472,706
22.05%
Profit before provision (c=a-b)

Non-Operating income
2,847,125,909
-
1,911,697,859
-
935,428,050
48.93%
20,000,000
159,621,000
-139,621,000
-87.47%
230,500,000
80,300,000
150,200,000
187.05%
1685.56%
Provision against Classified Loans

Provision against Un Classified Loans
Provision for diminution in value of investments
Other provisions
160,700,000
9,000,000
151,700,000
Total provisions (d)
411,200,000
248,921,000
162,279,000
65.19%
Profit before tax (c-d)
2,435,925,909
1,662,776,869
773,149,040
46.50%
Provision for taxation
1,010,570,500
855,260,000
155,310,500
18.16%
Current tax
Deferred tax
Net profit after tax
1,425,338,409
807,516,869
617,821,540
76.51%
Retained surplus brought forward from previous year
2,202,876
1,427,541,285
2,076,907
809,593,776
125,969
617,947,509
6.07%
76.33%
487,185,182
332,540,000
154,645,182
46.50%
Appropriations
Statutory reserve
General reserve
Minority Interest
Retained Surplus
Consolidated Earnings Per Share (EPS)
0
0
940,356,103
477,053,776
463,302,327
97.12%
1,427,541,285
809,593,776
617,947,509
76.33%
2.87
37.41
-35
-92.33%

Increase (Decrease)
Amounts in TK
2012
2011
Amount
Percent (%)
OPERATING INCOME
12,545,337,913
(10,556,793,170)
9,732,681,382
(8,022,131,491)
Net Interest Income
1,988,544,743
Investment income
1,668,827,424

2,812,656,531
-2,534,661,679
28.90%
31.60%
1,710,549,891
277,994,852
16.25%
1,671,292,448
-2,465,024
-0.15%
1,370,181,597
1,439,016,961
-68,835,364
-4.78%
1,083,204,915
1,281,385,842
-198,180,927
-15.47%
4,122,213,936
4,391,695,251
6,110,758,679
6,102,245,142
-269,481,315
8,513,537
-6.14%
0.14%
1,363,756,665
1,292,014,793
71,741,872
5.55%
5,400,000
6,300,000
-900,000
-14.29%
OPERATING EXPENSES
Directors' fees
2,860,750
3,051,400
-190,650
-6.25%
340,111,307
281,873,775
58,237,532
20.66%
Legal expenses
13,300,835
10,249,884
3,050,951
29.77%
51,894,958
61,816,538
-9,921,580
-16.05%
158,854,337
124,064,567
34,789,770
28.04%
575,000
707,059
-132,059
-18.68%
188,302,003
162,320,527
25,981,476
16.01%
Other expenses
634,920,627
658,174,251
-23,253,624
-3.53%

Auditors' fees
2,759,976,482
2,600,572,794
159,403,688
6.13%

3,350,782,197
-
3,501,672,348
-
-150,890,151
-4.31%
818,000,000
315,200,000
502,800,000
159.52%
77,000,000
143,000,000
-66,000,000
-46.15%
Provision against C lassified Loans

Provision against U n Classified Loans
Other provisions
74,331,154
39,300,000
35,031,154
89.14%
969,331,154
497,500,000
471,831,154
94.84%
2,381,451,043
3,004,172,348
-622,721,305
-20.73%
1,000,000,000
1,250,000,000
-250,000,000
-20.00%
20,000,000
Current tax
Deferred tax
-20,000,000
-100.00%
1,381,451,043
1,734,172,348
-352,721,305
-20.34%
35,591,792
1,417,042,835
44,470,703
1,778,643,051
-8,878,911
-361,600,216
-19.97%
-20.33%
476,290,208
600,834,470
-124,544,262
-20.73%
Appropriations
Statutory reserve
General reserve
Minority Interest
Retained Surplus
0
0
940,752,627
1,177,808,581
-237,055,954
-20.13%
1,417,042,835
1,778,643,051
-361,600,216
-20.33%
2.26
2.84
-1
-20.42%
3.2. Dhaka Bank Ltd:
Dhaka Bank Limited

Increase (Decrease)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
Amount
Percent (%)
8,769,479,993
5,035,699,739
758,850,790
8,010,629,203
546,917,770
4,488,781,969
3,733,780,254
211,933,020
3,521,847,234
74.15%
38.75%
78.46%
4,839,359,461
8,224,866,995
-3,385,507,534
-41.16%
In Bangladesh
Outside Bagladesh
4,114,120,565
725,238,896
7,277,224,162
947,642,833
-3,163,103,597
-222,403,937
-43.47%
-23.47%
-59.38%
109,600,000
269,800,000
-160,200,000
Investments
8,441,807,611
8,659,565,948
-217,758,337
-2.51%
Government
Others
7,099,576,677
1,342,230,934
8,440,481,806
219,084,142
-1,340,905,129
1,123,146,792
-15.89%
512.66%
63,591,387,406
52,909,814,017

61,153,529,522
2,437,857,884
51,343,861,849
1,565,952,168
10,681,573,389
9,809,667,673
871,905,716
20.19%
19.11%
55.68%

Other assets
Non-banking assets
Total Assets
Liabilities
977,385,392
424,462,708
552,922,684
130.26%
3,387,294,364
2,243,203,687
1,144,090,677
51.00%
23,166,033
90,139,480,260
77,767,413,094
23,166,033
12,372,067,166
15.91%
4,365,638,395
3,489,759,326
875,879,069
25.10%
72,420,380,740
60,918,374,023

Demand deposits
Bills payable
Other deposits
8,184,280,878
1,316,883,068
7,407,572,666
53,511,644,128
2,000,000,000
5,552,769,281
2,151,455,682
5,881,201,270
47,332,947,790
-
11,502,006,717
2,631,511,597
0
-834,572,614
1,526,371,396
0
6,178,696,338
0
0
2,000,000,000
18.88%
47.39%
-38.79%
25.95%
13.05%
Other liabilites
6,773,731,737
-1,619,866,038
-19.30%
Total Liabilities
83,559,750,872
72,801,731,124
10,758,019,748
14.78%
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
2,659,597,800
2,553,786,183
3,803,255
267,065,029
1,095,477,121
-
2,127,678,163
1,970,287,116
3,438,685
331,993,799
532,284,207
-
531,919,637
583,499,067
364,570
0
-64,928,770
563,192,914
0
0
25.00%
29.61%
10.60%
Total Equity
6,579,729,388
4,965,681,970
1,614,047,418
32.50%
90,139,480,260
77,767,413,094
12,372,067,166
15.91%
8393597775
-19.56%
105.81%
Dhaka Bank Limited

Increase (Decrease)
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
Amount
Percent (%)
10,934,170,296
9,510,508,375
1,307,608,902
9,626,561,394
911,764,110
8,598,744,265
1,423,661,921
395,844,792
1,027,817,129
14.97%
43.42%
11.95%
4,920,675,945
3,341,322,299
1,579,353,646
47.27%
In Bangladesh
Outside Bagladesh
3,636,221,243
1,284,454,702
2,360,125,265
981,197,034
1,276,095,978
303,257,668
54.07%
30.91%
3349.48%
669,200,000
19,400,000
649,800,000
Investments
19,540,194,015
10,544,416,526
8,995,777,489
85.31%
Government
Others
15,775,407,762
3,764,786,253
7,820,173,863
2,724,242,663
7,955,233,899
1,040,543,590
101.73%
38.20%
90,140,284,573
75,983,291,662

87,762,745,239
2,377,539,334
73,746,335,015
2,236,956,647
14,156,992,911
14,016,410,224
140,582,687
18.63%
19.01%
6.28%
1,904,407,294
1,721,436,551
182,970,743
10.63%
Other assets
5,484,011,759
3,863,240,334
1,620,771,425
41.95%
23,166,033
23,166,033
0.00%
133,616,109,915
105,006,781,780
28,609,328,135
27.25%
Non-banking assets
Total Assets
Liabilities
Demand deposits
Bills payable
Other deposits
5,696,877,888
2,548,239,587
3,148,638,301
123.56%
109,427,151,290
86,276,888,686
10,816,848,734
1,355,657,995
7,123,752,609
88,130,891,952
2,000,000,000
9,774,271,252
1,099,134,168
5,856,277,795
67,547,205,471
2,000,000,000
23,150,262,604
1,042,577,482
0
256,523,827
1,267,474,814
0
20,583,686,481
0
0
0
26.83%
10.67%
23.34%
21.64%
30.47%
0.00%
Other liabilites
8,705,769,560
6,887,856,628
1,817,912,932
26.39%
Total Liabilities
123,829,798,738
95,712,984,901
28,116,813,837
29.38%
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
4,667,594,130
3,572,572,204
346,546,164
649,455,060
34,611,302
515,515,831
16,486
3,590,457,030
3,284,607,425
168,421,146
648,455,002
90,029,236
1,511,819,326
7,714
1,077,137,100
287,964,779
178,125,018
1,000,058
-55,417,934
-996,303,495
0
8,772
30.00%
8.77%
105.76%
0.15%
-61.56%
-65.90%
113.72%
Total Equity
9,786,311,177
9,293,796,879
492,514,298
5.30%
133,616,109,915
105,006,781,780
28,609,328,135
27.25%
Dhaka Bank Limited

Increase (Decrease)
Amounts in TK
2010
2009
Amount
Percent (%)
OPERATING INCOME
7,404,568,227
(4,944,107,729)
7,466,348,667
(5,406,545,979)
-61,780,440
462,438,250
-0.83%
-8.55%
19.45%
Net Interest Income
2,460,460,498
2,059,802,688
400,657,810
Investment income
1,242,612,630
920,155,479
322,457,151
35.04%
1,383,416,670
1,061,326,669
322,090,001
30.35%

468,688,307
193,493,307
275,195,000
142.22%
3,094,717,607
2,174,975,455
5,555,178,105
4,234,778,143
919,742,152
1,320,399,962
42.29%
31.18%
OPERATING EXPENSES
967,479,981
722,019,707
245,460,274
34.00%
227,074,795
165,779,070
61,295,725
36.97%
32.17%
Legal expenses
7,311,351
5,531,948
1,779,403
42,362,792
41,479,236
883,556
2.13%
101,947,573
81,096,575
20,850,998
25.71%
9,847,143
7,212,500
2,634,643
36.53%
Directors' fees
2,749,804
2,131,656
618,148
29.00%
Auditors' fees
632,500
500,000
132,500
26.50%
782,226
517,422
264,804
51.18%
84,865,809
62,778,905
22,086,904
35.18%


38,189,014
35,632,364
2,556,650
7.18%
231,493,569
299,771,898
-68,278,329
-22.78%
1,714,736,557
1,424,451,281
290,285,276
20.38%
3,840,441,548
2,810,326,862
1,030,114,686
36.65%
166,345,968
24.65%
Other expenses
1,178,808
3,841,620,356
Provision against loans and advances

Provision for off Balance Sheet Exposure
Provision for Dhaka Bank Foundation
Other provisions
Current tax
Deferred tax
841,229,787
674,883,819
51,014,000
-
51,014,000
-
29,469,650
2,411,583
0
29,469,650
2,411,583
924,125,020
674,883,819
249,241,201
36.93%
2,917,495,336
2,135,443,043
782,052,293
36.62%
1,238,519,148
1,678,976,188
-
1,176,070,227
959,372,816
-
0
62,448,921
5.31%
0
719,603,372
75.01%
0
0
Appropriations
Statutory reserve
General reserve
583,499,067
427,088,609
156,410,458
Minority Interest
Dividends, etc
Retained surplus
36.62%
583,499,067
427,088,609
156,410,458
36.62%
1,095,477,121
532,284,207
563,192,914
105.81%
-40
-89.62%
4.68
45.09
Dhaka Bank Limited

Increase (Decrease)
Amounts in TK
2012
2011
Amount
Percent (%)
OPERATING INCOME
13,368,863,531
(10,598,442,925)
10,012,821,834
(7,610,560,989)
Net Interest Income
2,770,420,606
2,402,260,845
368,159,761
15.33%
Investment income
1,388,483,871
2,050,656,730
-662,172,859
-32.29%
1,191,960,075
1,611,262,208
-419,302,133
-26.02%
263,495,013
344,783,040
-81,288,027
-23.58%
2,843,938,959
4,006,701,978
5,614,359,565
6,408,962,823
-1,162,763,019
-794,603,258
-29.02%
-12.40%
1,211,198,996
1,078,790,326
132,408,670
12.27%
281,089,332
259,080,452
22,008,880
8.49%
9,926,961
13,514,474
-3,587,513
-26.55%

3,356,041,697
-2,987,881,936
33.52%
39.26%
OPERATING EXPENSES
Legal expenses
54,093,191
53,143,133
950,058
1.79%
104,708,150
107,704,398
-2,996,248
-2.78%
12,101,500
9,407,143
2,694,357
28.64%
Directors' fees
2,931,268
2,610,902
320,366
12.27%
Auditors' fees
805,000
804,750
250
0.03%
36,546
60,568
-24,022
-39.66%
82,512,083
113,523,006
-31,010,923
-27.32%
73,358,305
53,541,006
19,817,299
37.01%
346,362,837
309,006,767
37,356,070
12.09%
2,179,124,169
2,001,186,925
177,937,244
8.89%
3,435,235,396
4,407,775,898
-972,540,502
-22.06%
282.25%
Other expenses
1,685,376,923
440,911,548
1,244,465,375
31,483,131
75,150,000
-43,666,869
-58.11%
65,939,102
113,992,108
-48,053,006
-42.15%

Other provisions
58,346,557
10,332,209
48,014,348
464.71%
1,841,145,713
640,385,865
1,200,759,848
187.51%
1,594,089,683
3,767,390,033
-2,173,300,350
-57.69%

Current tax
Deferred tax
804,576,210
883,847
1,524,741,761
-
0
-720,165,551
-47.23%
883,847
788,629,626
2,242,648,272
-1,454,018,646
-64.83%
1,510,644,675
2,299,274,301
1,095,477,121
3,338,125,393
415,167,554
-1,038,851,092
37.90%
-31.12%
Statutory reserve
287,964,779
730,821,242
-442,856,463
-60.60%
General reserve
178,125,018
164,617,891
13,507,127
8.21%
Minority Interest
8,722
7,704
1,018
13.21%
1,316,659,951
930,859,230
385,800,721
41.45%
1,782,758,470
1,826,306,067
-43,547,597
-2.38%
516,515,831
1,511,819,326
-995,303,495
-65.83%
1.69
4.80
-3
-64.79%

Appropriations
Dividends, etc
Retained surplus
3.3. Islami Bank Bangladesh Ltd:
Islami Bank Bangladesh Limited

Increase (Decrease)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
Amount
Percent (%)
39,053,405,096
37,485,668,446
3,787,386,652
35,266,018,444
2,480,772,445
35,004,896,001
7,114,712,459
7,678,373,370
-563,660,911
-7.34%
In Bangladesh
Outside Bagladesh
3,733,285,761
3,381,426,698
5,858,578,551
1,819,794,819
-2,125,292,790
1,561,631,879
-36.28%
85.81%
1,567,736,650
1,306,614,207
261,122,443
4.18%
52.67%
0.75%
Investments
13,471,200,872
11,136,610,399
2,334,590,473
20.96%
Government
Others
11,668,666,620
1,802,534,252
11,112,000,000
24,610,399
556,666,620
1,777,923,853
5.01%
7224.28%
261,725,131,026
214,615,801,272

243,285,083,653
18,440,047,373
202,885,879,274
11,729,921,998
47,109,329,754
40,399,204,379
6,710,125,375
21.95%
19.91%
57.21%
6,757,093,310
6,512,363,381
244,729,929
3.76%
Other assets
2,663,628,971
874,022,838
1,789,606,133
204.76%
52,482,332,028
18.86%
47,645,349,332
16,062,080,282
5,888,114,791
13,557,443,085
11,702,815,244
434,895,930
19.50%
16.89%
13.01%
17.47%
49.18%
17.08%
Non-banking assets
Total Assets
Liabilities
330,785,171,734
278,302,839,706
291,937,493,665
244,292,144,333
Mudaraba savings deposits

Mudaraba term deposits
Other mudaraba deposits
Al-wadeeah current and other deposit accounts
bills payable
111,143,631,482
51,156,122,735
91,159,942,987
35,497,186,925
2,980,609,536
95,081,551,200
45,268,007,944
77,602,499,902
23,794,371,681
2,545,713,606.00
3,000,000,000
3,000,000,000
Mudaraba perpetal bond

Other liabilites
12,168,253,018
10739191843
0.00%
1,429,061,175
13.31%
-2,811,357
-1.69%
307,268,895,003
258,197,295,853
49,071,599,150
19.01%
23,516,276,731
20,105,543,853
3,410,732,878
16.96%
Paid-up-capital
Statutory reserve
Retained earnings
Non-controlling interest
7,413,120,000
7,934,963,742
5,551,580,020
2,616,599,517
13,452
6,177,600,000
6,244,022,554
5,830,641,299
1,853,280,000
-
1,235,520,000
1,690,941,188
-279,061,279
763,319,517
13,452
20.00%
27.08%
-4.79%
41.19%
330,785,171,734
278,302,839,706
52,482,332,028
18.86%
Deferred tax liabilities

Total Liabilities
163,148,320
165959677

Increase (Decrease)
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
Amount
Percent (%)
41,774,012,643
40,631,914,271
6,308,274,680
35,465,737,963
4,655,996,987
35,975,917,284
1,142,098,372
1,652,277,693
-510,179,321
2.81%
35.49%
-1.42%
24,524,933,077
16,853,296,480
7,671,636,597
45.52%
In Bangladesh
Outside Bagladesh
17,432,561,802
7,092,371,275
13,140,359,824
3,712,936,656
4,292,201,978
3,379,434,619
32.66%
91.02%
Investments
25,560,064,458
15,853,181,923
9,706,882,535
61.23%
Government
Others
23,504,977,770
2,055,086,688
13,927,177,770
1,926,004,153
9,577,800,000
129,082,535
68.77%
6.70%
372,920,722,887
305,790,180,873

340,479,756,413
32,440,966,474
287,861,385,224
17,928,795,649
67,130,542,014
52,618,371,189
14,512,170,825
21.95%
18.28%
80.94%
14,816,765,447
7,110,249,574
7,706,515,873
108.39%
3,052,992,955
3,136,781,099
-83,788,144
-2.67%
93,273,887,247
23.95%
75,990,425,764
18,961,179,682
32,111,249,162
14,692,343,208
8,873,010,473
1,352,643,239
22.23%
14.36%
49.28%
14.25%
22.95%
47.24%

Other assets
Non-banking assets
Total Assets
Liabilities
482,649,491,467
389,375,604,220
417,845,688,579
341,855,262,815

bills payable
151,012,262,458
97,278,542,378
117,807,137,348
47,531,708,061
4,216,038,334
132,051,082,776
65,167,293,216
103,114,794,140
38,658,697,588
2,863,395,095

Other liabilites
Total Liabilities
3,000,000,000
3,000,000,000
0.00%
21,903,809,274
16,713,922,449
5,189,886,825
31.05%
238,628,851
192,664,063
45,964,788
23.86%
442,988,126,704
361,761,849,327
81,226,277,377
22.45%
39,661,364,763
27,613,754,893
12,047,609,870
43.63%
Paid-up-capital
Statutory reserve
Retained earnings
12,509,640,000
12,423,662,342
11,694,797,161
3,033,205,973
59,287
10,007,712,000
10,004,426,808
4,585,606,725
3,015,952,005
57,355
2,501,928,000
2,419,235,534
7,109,190,436
17,253,968
1,932
25.00%
24.18%
155.03%
0.57%
3.37%
482,649,491,467
389,375,604,220
93,273,887,247
23.95%

Increase (Decrease)
Amounts in TK
2010
2009
Amount
Percent (%)
OPERATING INCOME
24,766,264,960
(14,471,890,918)
21,370,531,603
(13,076,994,556)
3,395,733,357
-1,394,896,362
Net Interest Income
10,294,374,042
8,293,537,047
2,000,836,995
24.13%
490,416,014
115,163,000
375,253,014
325.85%
3,997,732,016
3,437,201,409
560,530,607
16.31%
929,424,233
480,961,024
448,463,209
93.24%
5,417,572,263
4,033,325,433
15,711,946,305
12,326,862,480
1,384,246,830
3,385,083,825
34.32%
27.46%
4,289,276,274
3,149,068,585
1,140,207,689
36.21%
419,306,643
336,713,118
82,593,525
24.53%
Legal expenses
13,401,957
11,389,222
2,012,735
17.67%
86,280,529
88,234,680
-1,954,151
-2.21%
149,122,194
111,869,773
37,252,421
33.30%
5,280,000
4,280,000
1,000,000
23.36%
Directors' fees
9,838,845
8,028,938
1,809,907
22.54%
Shariah supervisory committee's fee & expenses
1,813,569
2,247,399
-433,830
-19.30%
Auditors' fees
1,278,750
1,045,000
233,750
22.37%
Investment income
15.89%
10.67%
OPERATING EXPENSES
Charges on loan/investment losses
350,619,785
276,017,211
74,602,574
Zakat expenses
220,643,761
172,426,659
48,217,102
27.96%
Other expenses
560,302,836
384,653,824
175,649,012
45.66%
6,107,165,143
4,545,974,409
1,561,190,734
34.34%
9,604,781,162
7,780,888,071
1,823,893,091
23.44%
Provission for investments & off balance sheet items
1,082,989,130
1,263,029,818
-180,040,688
-14.25%
Provision for dimunution in value of investments in shares

Other provisions
27.03%
32,000,000
200,000
31,800,000
1,114,989,130
1,263,229,818
-148,240,688
-11.74%
Total Profit/(loss) before taxes
8,489,792,032
6,517,658,253
1,972,133,779
30.26%
4,007,123,511
3,086,406,379
920,717,132
29.83%
27,700,000
-30,511,357
-110.15%
3,403,551,874
1,081,928,004
31.79%
Provision for taxation for the period

Current tax
Deferred tax
(2,811,357)
4,485,479,878
Net profit after tax attributable to:

Equity holders of IBBL
2,616,599,517
452

Add: Net profit after tax (attributable to equity holders of IBBL)
4,485,479,878
3,403,551,874
0
1,081,928,004
31.79%
Profit available for appropriation
4,485,479,878
3,403,551,874
1,081,928,004
31.79%
Appropriations
4,485,479,878
3,403,551,874
1,081,928,004
31.79%
Statutory reserve
1,690,941,188
1,303,531,651
387,409,537
29.72%
177,938,721
246,740,223
-68,801,502
-27.88%
2,616,599,517
1,853,280,000
763,319,517
41.19%
General reserve
Dividends, etc
2,616,599,517
452
Retained surplus
452
452
4.48
55.10
-51
-91.87%

Increase (Decrease)
Amounts in TK
2012
2011
Amount
Percent (%)
OPERATING INCOME
43,672,225,981
(25,870,425,237)
32,019,532,444
(18,401,218,085)
11,652,693,537
-7,469,207,152
36.39%
40.59%
Net Interest Income
17,801,800,744
13,618,314,359
4,183,486,385
30.72%
484,361,836
331,004,637
153,357,199
46.33%
5,260,647,661
5,297,455,786
-36,808,125
-0.69%
1,122,169,884
876,633,643
245,536,241
28.01%
Investment income
6,867,179,381
6,505,094,066
24,668,980,125
20,123,408,425
362,085,315
4,545,571,700
5.57%
22.59%
5,961,421,881
4,655,983,050
1,305,438,831
28.04%
655,576,460
507,063,897
148,512,563
29.29%
13,479,293
15,257,288
-1,777,995
-11.65%
OPERATING EXPENSES
Legal expenses
111,528,843
94,267,115
17,261,728
18.31%
267,730,060
198,418,476
69,311,584
34.93%
5,280,000
5,280,000
0.00%
10,066,840
9,530,986
535,854
5.62%
2,584,829
2,749,283
-164,454
-5.98%
Auditors' fees
2,168,000
1,593,400
574,600
36.06%
Directors' fees
504,441,086
409,590,979
94,850,107
23.16%
Zakat expenses
324,772,772
262,929,404
61,843,368
23.52%
Other expenses
1,029,710,622
1,128,991,237
-99,280,615
-8.79%
8,888,760,686
7,291,655,115
1,597,105,571
21.90%
15,780,219,439
12,831,753,310
2,948,466,129
22.98%
3,502,625,602
2,384,314,796
1,118,310,806
46.90%
30,969,670
289,077,029
-258,107,359
-89.29%

Other provisions
9,441,066
9,441,066
3,543,036,338
2,673,391,825
869,644,513
32.53%
12,237,183,101
10,158,361,485
2,078,821,616
20.46%
6,574,464,832
5,504,252,091
1,070,212,741
19.44%
45,964,788
29,515,743
16,449,045
55.73%
5,616,753,481
4,624,593,651
992,159,830
21.45%

5,616,751,549
1,932
4,624,597,748
(4,097)
992,153,801
6,029
21.45%
-147.16%

3,015,952,005
5,616,751,549
2,624,924,708
4,624,597,748
391,027,297
992,153,801
14.90%
21.45%
8,632,703,554
7,249,522,456
1,383,181,098
19.08%
Appropriations
8,632,703,554
7,249,522,456
1,383,181,098
19.08%
Statutory reserve
2,419,235,534
2,069,463,066
349,772,468
16.90%
408,278,822
-94.84%

Current tax
Deferred tax
General reserve
(22,205,793)
(430,484,615)
Dividends, etc
3,202,467,840
2,594,592,000
607,875,840
23.43%
Retained surplus
3,033,205,973
3,015,952,005
17,253,968
0.57%
4.49
3.70
21.35%
3.4. AB Bank Ltd:
AB Bank Limited
Increase (Decrease)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
Amount
6,615,787,687
5,354,881,576
793,965,044
5,821,822,643
489,993,012
4,864,888,564
1,260,906,111
303,972,032
956,934,079
Percent (%)
23.55%
62.04%
19.67%
4,855,275,265
3,494,118,147
1,361,157,118
38.96%
In Bangladesh
Outside Bagladesh
3,883,196,975
972,078,290
1,111,711,079
2,382,407,068
2,771,485,896
-1,410,328,778
249.30%
-59.20%
-36.64%
380,180,000
600,000,000
-219,820,000
Investments
15,048,539,567
16,369,303,226
-1,320,763,659
-8.07%
Government
Others
10,925,594,003
4,122,945,564
9,675,466,462
6,693,836,764
1,250,127,541
-2,570,891,200
12.92%
-38.41%
96,433,238,729
70,879,933,445

92,395,623,505
4,037,615,224
69,732,552,194
1,147,381,251
25,553,305,284
22,663,071,311
2,890,233,973
36.05%
32.50%
251.90%
4,087,964,621
2,440,962,657
1,647,001,964
67.47%
Other assets
6,285,838,580
7,773,113,332
-1,487,274,752
-19.13%
26,794,512,066
25.06%
Non-banking assets
Total Assets
133,706,824,449
106,912,312,383

Liabilities
14,200,436,481
6,125,161,339
8,075,275,142
131.84%
94,780,200,605
83,087,129,113

Demand deposits
Bills payable
Fixed deposits
Other deposits
12,207,407,973
1,340,901,326
13,061,751,527
8,820,711,007
53,387,157,876
130,325,000
5831945896
6,479,985,466
2,514,211,354
1,289,857,131
11,900,897,489
15,782,398,929
39,696,851,192
130,325,000
5,292,602,552
11,693,071,492
5,727,422,507
-2,514,211,354
51,044,195
1,160,854,038
-6,961,687,922
13,690,306,684
0
539,343,344
14.07%
88.39%
Other liabilites
10,575,562,699
7613498999
2,962,063,700
38.91%
Total Liabilities
119,556,199,785
96,825,789,451
22,730,410,334
23.48%
14,146,877,356
10,086,522,932
4,060,354,424
40.26%
3,205,316,500
4,395,603,869
1,566,130,459
4,979,826,528
2,564,253,200
3,101,206,092
879,094,505
3,541,969,135
641,063,300
1,294,397,777
687,035,954
1,437,857,393
25.00%
41.74%
78.15%
40.59%
3.96%
9.75%
34.49%
10.19%
Paid-up-capital
Statutory reserve
Other reserve
Retained earnings
Minority interest
Total Equity
3,747,308
3,747,308
#DIV/0!
14,150,624,664
10,086,522,932
4,064,101,732
40.29%
133,706,824,449
106,912,312,383
26,794,512,066
25.06%
AB Bank Limited
Increase (Decrease)
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
Amount
Percent (%)
9,622,886,413
9,361,503,594
1,231,720,758
8,391,165,655
997,917,256
8,363,586,338
261,382,819
233,803,502
27,579,317
2.79%
23.43%
0.33%
7,473,564,867
6,695,213,100
778,351,767
11.63%
In Bangladesh
Outside Bagladesh
5,621,794,561
1,851,770,306
5,664,958,585
1,030,254,515
-43,164,024
821,515,791
-0.76%
79.74%
3,671,790,000
665,830,000
3,005,960,000
451.46%
Investments
26,949,597,279
22,484,125,659
4,465,471,620
19.86%
Government
Others
19,743,454,873
7,206,142,406
16,113,627,582
6,370,498,077
3,629,827,291
835,644,329
22.53%
13.12%
113,662,985,698
102,470,139,418

111,311,725,962
2,351,259,736
99,586,187,093
2,883,952,325
11,192,846,280
11,725,538,869
-532,692,589
10.92%
11.77%
-18.47%
4,868,649,902
4,765,983,039
102,666,863
2.15%
Other assets
9,267,837,853
7,961,956,432
1,305,881,421
16.40%
21,112,560,770
13.67%
Non-banking assets
Total Assets
Liabilities
175,517,312,012
154,404,751,242
4,116,982,161
10,698,189,571
-6,581,207,410
-61.52%
139,908,043,708
115,825,485,296

Demand deposits
Bills payable
Fixed deposits
Other deposits
13,487,221,464
1,467,147,011
14,860,539,427
80,452,713,916
29,640,421,890
12,635,670,551
1,251,812,196
13,949,303,799
67,763,226,169
20,225,472,581
24,082,558,412
851,550,913
0
215,334,815
911,235,628
0
12,689,487,747
0
9,414,949,309
20.79%
6.74%
Other liabilites
15,290,014,994
12,884,286,108
2,405,728,886
18.67%
Total Liabilities
159,315,040,863
139,407,960,975
19,907,079,888
14.28%
458,538,125,434
15,011,653,184
443,526,472,250
2954.55%
442,336,680
5,005,314,801
1,532,116,076
5,261,734,530
3,686,113,900
4,390,197,275
1,565,712,112
5,369,629,897
-3,243,777,220
615,117,526
-33,596,036
-107,895,367
-88.00%
14.01%
-2.15%
-2.01%
17.20%
6.53%
18.73%
46.55%
Paid-up-capital
Statutory reserve
Other reserve
Retained earnings
Minority interest
Total Equity
-5,368,022
36.12%
16,202,271,149
(20,230,938)
14,996,790,269
(14,862,916)
1,205,480,880
8.04%
175,517,312,012
154,404,751,242
21,112,560,770
13.67%
AB Bank Limited
Increase (Decrease)
Amounts in TK
2010
2009
Amount
Percent (%)
OPERATING INCOME
10,716,860,160
(6,631,922,938)
9,047,169,208
(6,139,114,501)
1,669,690,952
-492,808,437
18.46%
8.03%
40.47%
Net Interest Income
4,084,937,223
2,908,054,707
1,176,882,516
Investment income
4,705,923,356
2,923,537,225
1,782,386,131
60.97%
2,879,505,698
2,266,125,144
613,380,554
27.07%

334,310,001
170,873,499
163,436,502
95.65%
7,919,739,055
5,360,535,868
12,004,676,278
8,268,590,576
2,559,203,187
3,736,085,702
47.74%
45.18%
1,854,078,494
1,199,231,589
654,846,905
54.61%
295,043,296
229,913,457
65,129,839
28.33%
14,105,546
3,960,205
10,145,341
256.18%
OPERATING EXPENSES
Legal expenses
110,220,864
84,377,528
25,843,336
30.63%
142,924,185
120,563,379
22,360,806
18.55%
9,757,721
8,484,960
1,272,761
15.00%
Directors' fees
2,332,085
2,374,492
-42,407
-1.79%
Auditors' fees
2,275,617
2,209,962
65,655
2.97%

Other expenses
290,722,868
202,771,852
87,951,016
43.37%
1,050,403,723
612,306,896
438,096,827
71.55%
3,771,864,399
2,466,194,320
1,305,670,079
52.94%
8,232,811,877
5,802,396,257
2,430,415,620
41.89%
775,278,129
436,600,000
338,678,129
148,417,573
Other provisions
148,417,573
77.57%
#DIV/0!
200,000,000
160,900,000
39,100,000
24.30%
1,123,695,702
597,500,000
526,195,702
88.07%
7,109,116,175
5,204,896,257
1,904,219,918
36.59%
3,119,596,201
1,842,340,256
1,277,255,945
69.33%
Current tax
3,160,889,325
1,714,216,590
1,446,672,735
84.39%
128,123,666
-169,416,790
-132.23%
3,989,519,974
3,362,556,000
626,963,974
18.65%
1,264,995,146
1,031,118,234
233,876,912
Deferred tax
(41,293,124)
Appropriations
Statutory reserve
General reserve
Dividends, etc
Retained surplus
Minority Interest
Net profit attributable to the shareholders of parcent company
1,264,995,146
1,031,118,234
233,876,912
2,724,524,828
1,031,118,234
1,693,406,594
(29,202,420)
-29,202,420
2,753,727,248
233,143,766
2,520,583,482
10.90
131.13
-120
164.23%
#DIV/0!
1081.13%
-91.69%
AB Bank Limited
Increase (Decrease)
Amounts in TK
2012
2011
Amount
Percent (%)
OPERATING INCOME
16,479,564,598
(12,686,931,403)
13,795,334,719
(10,472,018,461)
2,684,229,879
-2,214,912,942
19.46%
21.15%
Net Interest Income
3,810,633,196
3,323,316,259
487,316,937
14.66%
Investment income
2,326,182,892
2,085,683,464
240,499,428
11.53%
2,689,955,033
2,680,385,312
9,569,721
0.36%
191,675,408
576,612,391
-384,936,983
-66.76%
5,207,813,333
5,342,681,167
9,018,446,529
8,665,997,426
-134,867,834
352,449,103
-2.52%
4.07%
1,951,187,116
1,761,429,031
189,758,085
10.77%
429,860,032
358,174,436
71,685,596
20.01%
11,086,830
6,767,716
4,319,114
63.82%
136,874,867
113,682,711
23,192,156
20.40%

OPERATING EXPENSES
Legal expenses
159,183,662
141,840,504
17,343,158
12.23%
8,683,734
9,786,518
-1,102,784
-11.27%
Directors' fees
3,189,207
2,265,896
923,311
40.75%
Auditors' fees
6,031,215
3,106,993
2,924,222
94.12%

459,763,255
416,696,843
43,066,412
10.34%
Other expenses
1,133,212,962
908,138,017
225,074,945
24.78%
4,299,072,880
3,721,888,665
577,184,215
15.51%
4,719,373,649
4,944,108,762
-224,735,113
-4.55%
712,182,142
412,372,572
299,809,570
72.70%
426,565,410
1,028,949,109
-602,383,699
-58.54%
84,356,875
30,229,954
54,126,921
179.05%
Other provisions
1,223,104,427
1,471,551,635
-248,447,208
-16.88%
3,496,269,222
3,472,557,128
23,712,094
0.68%
2,034,460,196
2,101,964,078
-67,503,882
-3.21%
Current tax
1,975,206,567
2,101,964,078
-126,757,511
-6.03%
79,045,629
-399.38%
71,423,975
5.14%
Deferred tax
59,253,629
1,461,809,025
(19,792,000)
1,390,385,050
Appropriations
Statutory reserve
624,066,492
General reserve
624,066,492
-
Dividends, etc
624,066,492
624,066,492
Retained surplus
Minority Interest
837,742,534
(5,141,410)
1,390,385,050
(4,357,548)
-552,642,516
-39.75%
-783,862
17.99%
-39.57%
842,883,943
1,394,742,598
-551,858,655
3.32
3.15
5.40%
3.5. Sonali Bank Ltd:
Sonali Bank Limited

Increase (Decrease)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
Amount
28,415,953,542
20,641,592,198
3,812,680,606
24,603,272,936
4,366,813,852
16,274,778,346
Percent (%)
7,774,361,344
-554,133,246
8,328,494,590
37.66%
-12.69%
51.17%
10,614,726,092
9,979,717,359
635,008,733
6.36%
In Bangladesh
Outside Bagladesh
3,696,316,284
6,918,409,808
5,265,819,000
4,713,898,359
-1,569,502,716
2,204,511,449
-29.81%
46.77%
3,079,323,200
250,857,360
2,828,465,840
1127.52%
Investments
113,479,966,309
95,093,241,199
18,386,725,110
19.34%
Government
Others
109,499,844,618
3,980,121,691
93,947,843,070
1,145,398,129
15,552,001,548
2,834,723,562
16.55%
247.49%
254,022,504,699
231,166,579,465

230,711,422,965
23,311,081,734
208,184,384,025
22,982,195,440
22,855,925,234
22,527,038,940
328,886,294
9.89%
10.82%
1.43%
10,047,274,621
9,920,927,663
126,346,958
1.27%
124,309,519,402
125,893,233,074
-1,583,713,672
-1.26%

Other assets
Non-banking assets
Total Assets
Liabilities
543,969,267,865
492,946,148,318
0
51,023,119,547
10.35%
60,124,599
545,955,691
-485,831,092
-88.99%
406,151,569,403
364,385,970,931

Bills payable
Other deposits
101,642,717,814
7,073,473,848
130,335,050,836
167,100,326,905
-
98,795,523,389
6,642,924,279
120,423,161,432
138,524,361,831
-
41,765,598,472
2,847,194,425
430,549,569
9,911,889,404
28,575,965,074
0
11.46%
2.88%
6.48%
8.23%
20.63%
Other liabilites
107,282,215,750
103,596,507,559
3,685,708,191
3.56%
Total Liabilities
513,493,909,752
468,528,434,181
44,965,475,571
9.60%

Paid-up-capital
Statutory reserve
Ratained Earnings (figure of 2010 restated)
Total Shareholders' Equity
0
9,000,000,000
3,566,476,533
13,873,896,883
4,034,984,697
9,000,000,000
3,116,476,533
9,353,019,515
2,948,218,089
0
450,000,000
4,520,877,368
1,086,766,608
0.00%
14.44%
48.34%
36.86%
30,475,358,113
24,417,714,137
6,057,643,976
24.81%
543,969,267,865
492,946,148,318
51,023,119,547
10.35%
Sonali Bank Limited

Increase (Decrease)
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
In Bangladesh
Outside Bagladesh
2011
Amount
Percent (%)
65,634,773,139
33,230,634,571
3,992,625,523
61,642,147,616
5,138,688,934
28,091,945,637
32,404,138,568
-1,146,063,411
33,550,201,979
0
97.51%
-22.30%
119.43%
12,601,457,703
40,099,345,277
-27,497,887,574
-68.57%
6,885,819,000
5,715,638,703
28,555,819,000
11,543,526,277
-21,670,000,000
-5,827,887,574
-75.89%
-50.49%
11,742,379,680
5,547,312,900
6,195,066,780
111.68%
Investments
134,075,750,559
111,745,095,461
22,330,655,098
19.98%
Government
Others
119,359,837,845
14,715,912,714
96,838,566,107
14,906,529,354
22,521,271,738
-190,616,640
23.26%
-1.28%
345,991,348,911
286,098,070,161

299,326,288,961
46,665,059,950
256,717,951,354
29,380,118,807
59,893,278,750
42,608,337,607
17,284,941,143
20.93%
16.60%
58.83%
23,026,415,030
10,594,092,052
12,432,322,978
117.35%
102,119,984,054
133,200,410,488
-31,080,426,434
-23.33%

Other assets
Non-banking assets
0
74,677,148,166
12.03%
26,385,637
2,069,877,569
7844.71%
533,192,166,553
478,134,084,948

Bills payable
Other deposits
128,462,790,706
9,211,842,670
165,670,880,144
229,846,653,033
-
118,947,874,651
8,643,731,434
153,685,198,818
196,857,280,045
-
55,058,081,605
9,514,916,055
568,111,236
11,985,681,326
32,989,372,988
0
11.52%
8.00%
6.57%
7.80%
16.76%
Other liabilites
103,811,376,412
104,943,593,203
-1,132,216,791
-1.08%
Total Liabilities
639,099,806,171
583,104,063,788
55,995,742,383
9.60%
Total Assets
695,192,109,076
620,514,960,910
2,096,263,206

Liabilities

Paid-up-capital
Statutory reserve
0
11,250,000,000
5,924,918,206
12,795,033,247
26,122,351,452
9,000,000,000
3,956,476,533
4,806,256,012
19,648,164,577
2,250,000,000
1,968,441,673
7,988,777,235
6,474,186,875
25.00%
49.75%
166.22%
32.95%
56,092,302,905
37,410,897,122
18,681,405,783
49.94%
695,192,109,076
620,514,960,910
74,677,148,166
12.03%
Sonali Bank Limited

Increase (Decrease)
Amounts in TK
2010
2009
Amount
Percent (%)
OPERATING INCOME
17,683,108,223
(15,800,026,939)
13,101,861,774
(13,965,929,070)
4,581,246,449
-1,834,097,869
34.97%
13.13%
(864,067,296)
Net Interest Income
1,883,081,284
2,747,148,580
-317.93%
Investment income
7,709,248,980
6,681,712,326
1,027,536,654
15.38%
6,889,922,752
6,631,481,325
258,441,427
3.90%
283,667,424
206,004,480
77,662,944
37.70%
14,882,839,156
13,519,198,131
16,765,920,440
12,655,130,835
1,363,641,025
4,110,789,605
10.09%
32.48%
7,374,257,001
5,822,279,517
1,551,977,484
26.66%
410,285,295
353,703,034
56,582,261
16.00%
Legal expenses
38,782,497
31,184,696
7,597,801
24.36%
70,943,693
73,688,961
-2,745,268
-3.73%
138,374,104
136,441,211
1,932,893
1.42%
9,600,000
8,903,225
696,775
7.83%
Directors' fees
1,729,240
1,076,040
653,200
60.70%
Auditors' fees
855,000
980,000
-125,000
-12.76%

OPERATING EXPENSES
Printing, Stationery, Advertisement

196,779,376
198,848,129
-2,068,753
-1.04%
1,213,847,018
911,141,928
302,705,090
33.22%
9,455,453,224
7,538,246,741
1,917,206,483
25.43%
Amortization of Intangible Assets
5,000,000,000
3,500,000,000
14,455,453,224
11,038,246,741
2,310,467,216
-
1,616,884,094
-
693,583,122
0
42.90%
Other expenses

Provision against Loans & Advance
-11,200,000
Provision against investments in Quoted Shares
(11,200,000)
Other provisions
(55,000,000)
(280,483,707)
225,483,707
-80.39%
Total provisions
(66,200,000)
(280,483,707)
214,283,707
-76.40%
907,866,829
67.93%
Profit before amortization

Amortization of Intangible Assets (figure of 2010 restated)
Total Profit Before Tax
Less: Provission for Tax
2,244,267,216
2,244,267,216
(707,500,608)
-
Current tax
(981,948,567)
Deferred tax
274,447,959

Retained surplus before appropriation
1,336,400,387
-
1,336,400,387
907,866,829
67.93%
974,714,115
-1,682,214,723
-172.59%
(727,597,843)
0
-254,350,724
34.96%
1,702,311,958
-1,427,863,999
-83.88%
1,536,766,608
2,311,114,502
-774,347,894
-33.51%
2,948,218,089
4,484,984,697
778,864,096
3,089,978,598
2,169,353,993
1,395,006,099
278.53%
45.15%
450,000,000
121,760,509
328,239,491
269.58%
Appropriations
Statutory reserve
General reserve
Minority Interest
Retained Surplus
Retained Surplus, Carried Forward

20,000,000
-
450,000,000
141,760,509
308,239,491
217.44%
4,034,984,697
2,948,218,089
1,086,766,608
36.86%
17.08
25.68
-9
-33.49%
Sonali Bank Limited

Increase (Decrease)
Amounts in TK
2012
2011
Amount
Percent (%)
OPERATING INCOME
27,902,144,333
(22,402,387,574)
22,841,408,729
(19,131,795,895)
5,060,735,604
-3,270,591,679
22.16%
17.10%
Net Interest Income
5,499,756,759
3,709,612,834
1,790,143,925
48.26%
Investment income
7,561,794,956
5,896,206,997
1,665,587,959
28.25%
7,487,046,101
9,546,277,030
-2,059,230,929
-21.57%

2,860,061,530
1,436,254,869
1,423,806,661
99.13%
17,908,902,587
16,878,738,896
23,408,659,346
20,588,351,730
1,030,163,691
2,820,307,616
6.10%
13.70%
7,950,235,276
9,345,557,066
-1,395,321,790
-14.93%
597,208,721
500,713,404
96,495,317
19.27%
26,052,472
30,380,407
-4,327,935
-14.25%
OPERATING EXPENSES
Legal expenses
60,694,119
80,898,613
-20,204,494
-24.98%
172,945,089
153,953,292
18,991,797
12.34%
6,171,743
3,651,612
2,520,131
69.01%
Directors' fees
4,517,009
4,998,772
-481,763
-9.64%
Auditors' fees
2,734,231
2,150,000
584,231
27.17%

Other expenses

414,290,292
334,754,923
79,535,369
1,782,456,313
1,643,103,897
139,352,416
8.48%
11,017,305,265
12,100,161,986
-1,082,856,721
-8.95%
8,488,189,744
-
3,903,164,337
0
45.98%
(3,001,447,059)
2,564,721,432
-85.45%
12,391,354,081
-
(436,725,627)
130,028,996
23.76%
130,028,996
Other provisions
4,331,871,631
(1,004,184,181)
5,336,055,812
-531.38%
Total provisions
4,025,175,000
(4,005,631,240)
8,030,806,240
-200.49%
266.23%
16,416,529,081
4,482,558,504
11,933,970,577
6,574,320,716
6,574,320,716
0.00%
9,842,208,365
(2,091,762,212)
11,933,970,577
-570.52%
1,117,251,898
-1,002,241,355
-89.71%

Current tax
115,010,543
(962,498,075)
Deferred tax
1,077,508,618
9,957,218,908
(1,070,000,000)
2,187,251,898
0
107,501,925
-10.05%
-1,109,743,280
-50.74%
0
(974,510,314)
10,931,729,222
-1121.77%
4,806,256,012
14,763,474,920
6,170,766,326
5,196,256,012
-1,364,510,314
9,567,218,908
-22.11%
184.12%
1,968,441,673
390,000,000
1,578,441,673
404.73%
404.73%
Appropriations
Statutory reserve
General reserve
Minority Interest
Retained Surplus

1,968,441,673
390,000,000
1,578,441,673
12,795,033,247
4,806,256,012
7,988,777,235
166.22%
119
-1121.49%
108.38
(10.61)
4.0. VERTICAL ANALYSIS:

4.1. Mercantile Bank Ltd:

Comparative Balancesheet (Vertical Analysis)
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
2010
2009
4,877,118,983
4,790,155,210
725,743,332
4,151,375,651
498,486,173
4,291,669,037
5.60%
0.83%
4.76%
7.24%
0.75%
6.49%
908,549,740
1,017,865,437
1.04%
1.54%
In Bangladesh
Outside Bagladesh
336,299,571
572,250,169
764,122,864
253,742,573
0.39%
0.66%
1.15%
0.38%
Investments
10,937,201,791
9,664,722,134
12.55%
14.61%
Government
Others
9,565,346,007
1,371,855,784
9,175,729,563
488,992,571
10.98%
1.57%
13.87%
0.74%
66,377,697,326
48,295,546,954

60,868,739,469
5,508,957,857
44,574,237,307
3,721,309,647
76.17%
69.85%
6.32%
72.99%
67.37%
5.62%
1,647,581,148
1,032,825,043
1.89%
1.56%
Other assets
2,391,960,482
1,365,400,824
2.74%
2.06%
100.00%
100.00%
Non-banking assets
Total Assets
Liabilities
87,140,109,470
66,166,515,602
864,043,691
1,842,825,721
0.99%
2.79%
73,739,392,053
55,553,083,656

Demand deposits
Bills payable
Other deposits
13,101,835,627
919,953,615
5,238,953,971
25,865,957,124
28,612,691,716
-
7,425,229,434
789,044,669
4,392,947,478
19,215,499,453
23,730,362,622
-
84.62%
15.04%
0.00%
1.06%
6.01%
0.00%
29.68%
0.00%
32.84%
0.00%
83.96%
11.22%
0.00%
1.19%
6.64%
0.00%
29.04%
0.00%
35.86%
0.00%
Other liabilites
5,350,988,463
6.14%
6.76%
Total Liabilities
79,954,424,207
61,870,263,861
91.75%
93.51%
4,072,206,600
2,042,559,084
130,563,476
940,356,103
-
2,158,413,400
1,555,373,902
105,410,663
477,053,776
-
4.67%
2.34%
0.15%
0.00%
0.00%
1.08%
0.00%
0.00%
3.26%
2.35%
0.16%
0.00%
0.00%
0.72%
0.00%
0.00%
4474354484
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
Total Equity
7,185,685,263
4,296,251,741
8.25%
6.49%
87,140,109,470
66,166,515,602
100.00%
100.00%

Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
2012
2011
12,015,121,299
6,946,104,482
1,470,564,755
10,544,556,544
812,551,015
6,133,553,467
7.80%
0.95%
6.85%
5.96%
0.70%
5.26%
625,015,429
643,855,116
0.41%
0.55%
In Bangladesh
Outside Bagladesh
551,208,596
73,806,833
499,894,695
143,960,421
0.36%
0.05%
0.43%
0.12%
Investments
41,314,194,597
24,645,376,621
26.82%
21.15%
Government
Others
40,034,748,601
1,279,445,996
23,348,847,110
1,296,529,511
25.99%
0.83%
20.03%
1.11%
93,610,874,413
79,999,799,464

85,901,923,826
7,708,950,587
73,804,712,735
6,195,086,729
60.77%
55.77%
5.00%
68.64%
63.32%
5.32%
2,898,596,040
2,711,318,595
1.88%
2.33%
Other assets
3,576,381,413
1,606,559,609
2.32%
1.38%
100.00%
100.00%
Non-banking assets
Total Assets
Liabilities
Demand deposits
Bills payable
Other deposits
154,040,183,191
116,553,013,887
17,313,279,868
5,976,762,994
11.24%
5.13%
118,106,883,704
94,102,832,878
19,927,391,172
1,725,460,339
6,869,659,847
46,250,915,355
43,333,456,991
-
12,870,710,702
1,107,180,337
5,929,735,523
38,875,499,490
35,319,706,826
-
76.67%
12.94%
0.00%
1.12%
4.46%
0.00%
30.03%
0.00%
28.13%
0.00%
80.74%
11.04%
0.00%
0.95%
5.09%
0.00%
33.35%
0.00%
30.30%
0.00%
Other liabilites
7,695,469,735
6,814,084,739
5.00%
5.85%
Total Liabilities
143,115,633,307
106,893,680,611
92.91%
91.71%
6,110,753,160
3,119,683,762
753,360,335
940,752,627
-
4,968,092,000
2,643,393,554
870,039,141
1,177,808,581
-
3.97%
2.03%
0.49%
0.00%
0.00%
0.61%
0.00%
0.00%
4.26%
2.27%
0.75%
0.00%
0.00%
1.01%
0.00%
0.00%
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
Total Equity
10,924,549,884
9,659,333,276
7.09%
8.29%
154,040,183,191
116,553,013,887
100.00%
100.00%

Comparative Income Statement (Vertical Analysis)
Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
Net Interest Income
Investment income
6,837,900,076
(5,176,002,117)
6,066,171,939
(4,755,901,859)
143.18%
-108.38%
173.72%
-136.20%
1,661,897,959
919,447,774
1,310,270,080
34.80%
37.52%
696,683,198
19.25%
1,201,048,112
19.95%
1,059,867,629
25.15%
30.35%
993,417,661
425,089,853
20.80%
12.17%
3,113,913,547
2,181,640,680
4,775,811,506
3,491,910,760
65.20%
100.00%
62.48%
100.00%
OPERATING EXPENSES
932,982,480
807,198,037
19.54%
23.12%
4,627,258
184,168,069
0.10%
5.27%
Directors' fees
4,538,100
7,994,350
0.10%
0.23%
230,052,874
27,205,921
4.82%
0.78%
Legal expenses
14,559,219
82,341,385
0.30%
2.36%
50,082,585
6,450,000
1.05%
0.18%
116,660,521
4,055,400
2.44%
0.12%
750,000
709,000
0.02%
0.02%
120,290,064
96,423,954
2.52%
2.76%
Other expenses
454,142,496
363,666,775

Auditors' fees
9.51%
10.41%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1,928,685,597
1,580,212,891
40.38%
45.25%

2,847,125,909
-
1,911,697,859
-
59.62%
0.00%
54.75%
0.00%
20,000,000
159,621,000
0.42%
4.57%
230,500,000
80,300,000
4.83%
2.30%

Other provisions
160,700,000
9,000,000
0.00%
0.00%
3.36%
0.26%
411,200,000
248,921,000
8.61%
7.13%
2,435,925,909
1,662,776,869
51.01%
47.62%
1,010,570,500
855,260,000
21.16%
24.49%
Current tax
0.00%
0.00%
Deferred tax
0.00%
0.00%
1,425,338,409
807,516,869
29.84%
23.13%
2,202,876
1,427,541,285
2,076,907
809,593,776
0.05%
29.89%
0.06%
23.18%
487,185,182
332,540,000
Appropriations
Statutory reserve
10.20%
9.52%
General reserve
0.00%
0.00%
Minority Interest
0.00%
0.00%
Retained Surplus
940,356,103
477,053,776
19.69%
13.66%
1,427,541,285
809,593,776
29.89%
23.18%
2.87
37.41
0.00%
0.00%

Amounts in TK
2012
2011
2012
2011
OPERATING INCOME
12,545,337,913
(10,556,793,170)
9,732,681,382
(8,022,131,491)
205.30%
-172.76%
159.49%
-131.46%
28.03%
Net Interest Income
1,988,544,743
1,710,549,891
32.54%
Investment income
1,668,827,424
1,671,292,448
27.31%
27.39%
1,370,181,597
1,439,016,961
22.42%
23.58%
1,083,204,915
1,281,385,842
17.73%
21.00%
4,122,213,936
4,391,695,251
6,110,758,679
6,102,245,142
67.46%
100.00%
71.97%
100.00%

OPERATING EXPENSES
1,363,756,665
1,292,014,793
22.32%
21.17%
5,400,000
6,300,000
0.09%
0.10%
Directors' fees
2,860,750
3,051,400
0.05%
0.05%
340,111,307
281,873,775
5.57%
4.62%
Legal expenses
13,300,835
10,249,884
0.22%
0.17%
51,894,958
61,816,538
0.85%
1.01%
158,854,337
124,064,567
2.60%
2.03%
575,000
707,059
0.01%
0.01%
Auditors' fees
188,302,003
162,320,527
3.08%
2.66%
Other expenses
634,920,627
658,174,251
10.39%
10.79%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2,759,976,482
2,600,572,794
45.17%
42.62%

3,350,782,197
-
3,501,672,348
-
54.83%
0.00%
57.38%
0.00%
818,000,000
315,200,000
13.39%
5.17%
77,000,000
143,000,000
1.26%
2.34%
0.00%
0.00%

Other provisions
74,331,154
39,300,000
1.22%
0.64%
969,331,154
497,500,000
15.86%
8.15%
2,381,451,043
3,004,172,348
38.97%
49.23%
1,000,000,000
1,250,000,000
16.36%
20.48%
Current tax
Deferred tax
0.00%
0.00%
20,000,000
0.00%
0.33%
1,381,451,043
1,734,172,348
22.61%
28.42%
35,591,792
1,417,042,835
44,470,703
1,778,643,051
0.58%
23.19%
0.73%
29.15%
476,290,208
600,834,470
7.79%
9.85%
Appropriations
Statutory reserve
General reserve
0.00%
0.00%
Minority Interest
0.00%
0.00%
Retained Surplus
940,752,627
1,177,808,581
15.40%
19.30%
1,417,042,835
1,778,643,051
23.19%
29.15%
2.26
2.84
0.00%
0.00%
4.2. Dhaka Bank Ltd:
Dhaka Bank Limited

Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
2010
2009
8,769,479,993
5,035,699,739
758,850,790
8,010,629,203
546,917,770
4,488,781,969
9.73%
0.84%
8.89%
6.48%
0.70%
5.77%
4,839,359,461
8,224,866,995
5.37%
10.58%
In Bangladesh
Outside Bagladesh
4,114,120,565
725,238,896
7,277,224,162
947,642,833
4.56%
0.80%
9.36%
1.22%
109,600,000
269,800,000
0.12%
0.35%
Investments
8,441,807,611
8,659,565,948
9.37%
11.14%
Government
Others
7,099,576,677
1,342,230,934
8,440,481,806
219,084,142
7.88%
1.49%
10.85%
0.28%
70.55%
67.84%
2.70%
68.04%
66.02%
2.01%
63,591,387,406
52,909,814,017

61,153,529,522
2,437,857,884
51,343,861,849
1,565,952,168

Other assets
Non-banking assets
Total Assets
Liabilities
977,385,392
424,462,708
1.08%
0.55%
3,387,294,364
2,243,203,687
3.76%
2.88%
23,166,033
90,139,480,260
77,767,413,094
0.03%
0.00%
100.00%
100.00%
4,365,638,395
3,489,759,326
4.84%
4.49%
72,420,380,740
60,918,374,023

Demand deposits
Bills payable
Other deposits
8,184,280,878
1,316,883,068
7,407,572,666
53,511,644,128
2,000,000,000
5,552,769,281
2,151,455,682
5,881,201,270
47,332,947,790
-
80.34%
9.08%
78.33%
7.14%
1.46%
8.22%
2.77%
7.56%
59.37%
60.86%
Other liabilites
6,773,731,737
Total Liabilities
83,559,750,872
2,659,597,800
2,553,786,183
3,803,255
267,065,029
1,095,477,121
-
2.22%
0.00%
7.51%
10.79%
72,801,731,124
92.70%
93.61%
2,127,678,163
1,970,287,116
3,438,685
331,993,799
532,284,207
-
2.95%
2.83%
0.00%
0.00%
0.30%
1.22%
2.74%
2.53%
0.00%
0.00%
0.43%
0.68%
0.00%
0.00%
8393597775
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
Total Equity
6,579,729,388
4,965,681,970
7.30%
6.39%
90,139,480,260
77,767,413,094
100.00%
100.00%
Dhaka Bank Limited

Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
2012
2011
10,934,170,296
9,510,508,375
1,307,608,902
9,626,561,394
911,764,110
8,598,744,265
8.18%
0.98%
7.20%
9.06%
0.87%
8.19%
4,920,675,945
3,341,322,299
3.68%
3.18%
In Bangladesh
Outside Bagladesh
3,636,221,243
1,284,454,702
2,360,125,265
981,197,034
2.72%
0.96%
2.25%
0.93%
669,200,000
19,400,000
0.50%
0.02%
Investments
19,540,194,015
10,544,416,526
14.62%
10.04%
Government
Others
15,775,407,762
3,764,786,253
7,820,173,863
2,724,242,663
11.81%
2.82%
7.45%
2.59%
90,140,284,573
75,983,291,662

87,762,745,239
2,377,539,334
73,746,335,015
2,236,956,647
67.46%
65.68%
1.78%
72.36%
70.23%
2.13%
1,904,407,294
1,721,436,551
1.43%
1.64%
Other assets
5,484,011,759
3,863,240,334
4.10%
3.68%
23,166,033
23,166,033
0.02%
0.02%
133,616,109,915
105,006,781,780
100.00%
100.00%
Non-banking assets
Total Assets
Liabilities
Demand deposits
Bills payable
Other deposits
5,696,877,888
2,548,239,587
4.26%
2.43%
109,427,151,290
86,276,888,686
10,816,848,734
1,355,657,995
7,123,752,609
88,130,891,952
2,000,000,000
9,774,271,252
1,099,134,168
5,856,277,795
67,547,205,471
2,000,000,000
81.90%
8.10%
82.16%
9.31%
1.01%
5.33%
1.05%
5.58%
65.96%
64.33%
1.50%
1.90%
Other liabilites
8,705,769,560
6,887,856,628
6.52%
6.56%
Total Liabilities
123,829,798,738
95,712,984,901
92.68%
91.15%
Paid-up-capital
Statutory reserve
Retained earnings
Minority interest
4,667,594,130
3,572,572,204
346,546,164
649,455,060
34,611,302
515,515,831
16,486
3,590,457,030
3,284,607,425
168,421,146
648,455,002
90,029,236
1,511,819,326
7,714
3.49%
2.67%
0.26%
0.49%
0.03%
0.39%
3.42%
3.13%
0.16%
0.62%
0.09%
1.44%
0.00%
0.00%
Total Equity
9,786,311,177
9,293,796,879
7.32%
8.85%
133,616,109,915
105,006,781,780
100.00%
100.00%
Dhaka Bank Limited

Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
7,404,568,227
(4,944,107,729)
7,466,348,667
(5,406,545,979)
133.29%
-89.00%
176.31%
-127.67%
Net Interest Income
2,460,460,498
2,059,802,688
44.29%
48.64%
Investment income
1,242,612,630
920,155,479
22.37%
21.73%
1,383,416,670
1,061,326,669
24.90%
25.06%
468,688,307
193,493,307
8.44%
4.57%
3,094,717,607
2,174,975,455
5,555,178,105
4,234,778,143
55.71%
100.00%
51.36%
100.00%
967,479,981
722,019,707
17.42%
17.05%
227,074,795
165,779,070
4.09%
3.91%
7,311,351
5,531,948
0.13%
0.13%
42,362,792
41,479,236
0.76%
0.98%
101,947,573
81,096,575
1.84%
1.92%
9,847,143
7,212,500
0.18%
0.17%
Directors' fees
2,749,804
2,131,656
0.05%
0.05%
Auditors' fees
632,500
500,000
0.01%
0.01%
782,226
517,422
0.01%
0.01%
84,865,809
62,778,905
1.53%
1.48%

OPERATING EXPENSES
Legal expenses

38,189,014
35,632,364
0.69%
0.84%
231,493,569
299,771,898
4.17%
7.08%
1,714,736,557
1,424,451,281
30.87%
33.64%
3,840,441,548
2,810,326,862
69.13%
66.36%
15.14%
15.94%
0.92%
0.00%
0.00%
0.00%
Other expenses
1,178,808
3,841,620,356

Other provisions
Current tax
Deferred tax
841,229,787
674,883,819
51,014,000
-
29,469,650
0.04%
0.00%
924,125,020
2,411,583
674,883,819
16.64%
15.94%
2,917,495,336
2,135,443,043
52.52%
50.43%
22.29%
27.77%
1,238,519,148
1,678,976,188
-
1,176,070,227
959,372,816
-
0.00%
0.00%
30.22%
22.65%
0.00%
0.00%
0.00%
0.00%
Appropriations
Statutory reserve
10.50%
10.09%
General reserve
0.00%
0.00%
Minority Interest
0.00%
0.00%
Dividends, etc
0.00%
0.00%
Retained surplus
583,499,067
427,088,609
583,499,067
427,088,609
10.50%
10.09%
1,095,477,121
532,284,207
19.72%
12.57%
0.00%
0.00%
4.68
45.09
Dhaka Bank Limited

Amounts in TK
2012
2011
2012
2011
OPERATING INCOME
13,368,863,531
(10,598,442,925)
10,012,821,834
(7,610,560,989)
Net Interest Income
2,770,420,606
Investment income
1,388,483,871

238.12%
-188.77%
156.23%
-118.75%
2,402,260,845
49.35%
37.48%
2,050,656,730
24.73%
32.00%
1,191,960,075
1,611,262,208
21.23%
25.14%
263,495,013
344,783,040
4.69%
5.38%
2,843,938,959
4,006,701,978
5,614,359,565
6,408,962,823
50.65%
100.00%
62.52%
100.00%
1,211,198,996
1,078,790,326
21.57%
16.83%
281,089,332
259,080,452
5.01%
4.04%
9,926,961
13,514,474
0.18%
0.21%
54,093,191
53,143,133
0.96%
0.83%
104,708,150
107,704,398
1.87%
1.68%
OPERATING EXPENSES
Legal expenses
12,101,500
9,407,143
0.22%
0.15%
Directors' fees
2,931,268
2,610,902
0.05%
0.04%
Auditors' fees
805,000
804,750
0.01%
0.01%
36,546
60,568
0.00%
0.00%
82,512,083
113,523,006
1.47%
1.77%

73,358,305
53,541,006
1.31%
0.84%
346,362,837
309,006,767
6.17%
4.82%
2,179,124,169
2,001,186,925
38.81%
31.22%
3,435,235,396
4,407,775,898
61.19%
68.78%
6.88%
Other expenses
1,685,376,923
440,911,548
30.02%
31,483,131
75,150,000
0.56%
1.17%
65,939,102
113,992,108
1.17%
1.78%

Other provisions
58,346,557
10,332,209
1.04%
0.16%
1,841,145,713
640,385,865
32.79%
9.99%
1,594,089,683
3,767,390,033
28.39%
58.78%
14.33%
23.79%

Current tax
Deferred tax
804,576,210
883,847
1,524,741,761
-
0.02%
0.00%
788,629,626
2,242,648,272
14.05%
34.99%
1,510,644,675
2,299,274,301
1,095,477,121
3,338,125,393
26.91%
40.95%
17.09%
52.09%
Statutory reserve
287,964,779
730,821,242
5.13%
11.40%
General reserve
178,125,018
164,617,891
3.17%
2.57%
Minority Interest
8,722
7,704
0.00%
0.00%
1,316,659,951
930,859,230
23.45%
14.52%
1,782,758,470
1,826,306,067
31.75%
28.50%
516,515,831
1,511,819,326
9.20%
23.59%
1.69
4.80
0.00%
0.00%

Appropriations
Dividends, etc
Retained surplus
4.3. Islamic Bank Bangladesh Ltd:

Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
2010
2009
39,053,405,096
37,485,668,446
3,787,386,652
35,266,018,444
2,480,772,445
35,004,896,001
11.81%
1.14%
10.66%
13.47%
0.89%
12.58%
7,114,712,459
7,678,373,370
2.15%
2.76%
In Bangladesh
Outside Bagladesh
3,733,285,761
3,381,426,698
5,858,578,551
1,819,794,819
1.13%
1.02%
2.11%
0.65%
Investments
13,471,200,872
11,136,610,399
4.07%
4.00%
Government
Others
11,668,666,620
1,802,534,252
11,112,000,000
24,610,399
3.53%
0.54%
3.99%
0.01%
261,725,131,026
214,615,801,272

243,285,083,653
18,440,047,373
202,885,879,274
11,729,921,998
79.12%
73.55%
5.57%
77.12%
72.90%
4.21%
6,757,093,310
6,512,363,381
2.04%
2.34%
Other assets
2,663,628,971
874,022,838
0.81%
0.31%
100.00%
100.00%
Non-banking assets
Total Assets
Liabilities
330,785,171,734
278,302,839,706
291,937,493,665
244,292,144,333

bills payable
111,143,631,482
51,156,122,735
91,159,942,987
35,497,186,925
2,980,609,536
95,081,551,200
45,268,007,944
77,602,499,902
23,794,371,681
2,545,713,606.00
88.26%
33.60%
15.47%
27.56%
10.73%
0.90%
87.78%
34.16%
16.27%
27.88%
8.55%
0.91%
3,000,000,000
3,000,000,000

Other liabilites
0.91%
1.08%
12,168,253,018
10739191843
3.68%
3.86%
163,148,320
165959677
0.05%
0.06%
92.78%
307,268,895,003
258,197,295,853
92.89%
23,516,276,731
20,105,543,853
7.11%
7.22%
Paid-up-capital
Statutory reserve
Retained earnings
7,413,120,000
7,934,963,742
5,551,580,020
2,616,599,517
13,452
6,177,600,000
6,244,022,554
5,830,641,299
1,853,280,000
-
2.24%
2.40%
1.68%
0.79%
0.00%
2.22%
2.24%
2.10%
0.67%
0.00%
330,785,171,734
278,302,839,706
100.00%
100.00%
Total Liabilities

Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
2012
2011
41,774,012,643
40,631,914,271
6,308,274,680
35,465,737,963
4,655,996,987
35,975,917,284
8.66%
1.31%
7.35%
10.44%
1.20%
9.24%
24,524,933,077
16,853,296,480
5.08%
4.33%
In Bangladesh
Outside Bagladesh
17,432,561,802
7,092,371,275
13,140,359,824
3,712,936,656
3.61%
1.47%
3.37%
0.95%
Investments
25,560,064,458
15,853,181,923
5.30%
4.07%
Government
Others
23,504,977,770
2,055,086,688
13,927,177,770
1,926,004,153
4.87%
0.43%
3.58%
0.49%
372,920,722,887
305,790,180,873

340,479,756,413
32,440,966,474
287,861,385,224
17,928,795,649
77.27%
70.54%
6.72%
78.53%
73.93%
4.60%
14,816,765,447
7,110,249,574
3.07%
1.83%
3,052,992,955
3,136,781,099
0.63%
0.81%
100.00%
100.00%
86.57%
31.29%
20.16%
24.41%
9.85%
0.87%
87.80%
33.91%
16.74%
26.48%
9.93%
0.74%

Other assets
Non-banking assets
Total Assets
Liabilities
482,649,491,467
389,375,604,220
417,845,688,579
341,855,262,815

bills payable
151,012,262,458
97,278,542,378
117,807,137,348
47,531,708,061
4,216,038,334
132,051,082,776
65,167,293,216
103,114,794,140
38,658,697,588
2,863,395,095

Other liabilites
Total Liabilities
3,000,000,000
3,000,000,000
0.62%
0.77%
21,903,809,274
16,713,922,449
4.54%
4.29%
238,628,851
192,664,063
0.05%
0.05%
442,988,126,704
361,761,849,327
91.78%
92.91%
39,661,364,763
27,613,754,893
8.22%
7.09%
Paid-up-capital
Statutory reserve
Retained earnings
12,509,640,000
12,423,662,342
11,694,797,161
3,033,205,973
59,287
10,007,712,000
10,004,426,808
4,585,606,725
3,015,952,005
57,355
2.59%
2.57%
2.42%
0.63%
0.00%
2.57%
2.57%
1.18%
0.77%
0.00%
482,649,491,467
389,375,604,220
100.00%
100.00%

Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
24,766,264,960
(14,471,890,918)
21,370,531,603
(13,076,994,556)
157.63%
-92.11%
173.37%
-106.09%
Net Interest Income
10,294,374,042
8,293,537,047
65.52%
67.28%
490,416,014
115,163,000
3.12%
0.93%
3,997,732,016
3,437,201,409
25.44%
27.88%
Investment income
929,424,233
480,961,024
5.92%
3.90%
5,417,572,263
4,033,325,433
15,711,946,305
12,326,862,480
34.48%
100.00%
32.72%
100.00%
4,289,276,274
3,149,068,585
27.30%
25.55%
419,306,643
336,713,118
2.67%
2.73%
Legal expenses
13,401,957
11,389,222
0.09%
0.09%
86,280,529
88,234,680
0.55%
0.72%
149,122,194
111,869,773
0.95%
0.91%
5,280,000
4,280,000
0.03%
0.03%
Directors' fees
9,838,845
8,028,938
0.06%
0.07%
1,813,569
2,247,399
0.01%
0.02%
Auditors' fees
1,278,750
1,045,000
0.01%
0.01%

OPERATING EXPENSES
350,619,785
276,017,211
2.23%
2.24%
Zakat expenses
220,643,761
172,426,659
1.40%
1.40%
Other expenses
560,302,836
384,653,824
3.57%
3.12%
6,107,165,143
4,545,974,409
38.87%
36.88%
9,604,781,162
7,780,888,071
61.13%
63.12%
1,082,989,130
1,263,029,818
6.89%
10.25%

Other provisions
0.00%
0.00%
0.20%
0.00%
32,000,000
200,000
1,114,989,130
1,263,229,818
7.10%
10.25%
8,489,792,032
6,517,658,253
54.03%
52.87%
4,007,123,511
3,086,406,379
25.50%
25.04%
27,700,000
-0.02%
0.22%
3,403,551,874
28.55%
27.61%
16.65%
0.00%
0.00%
0.00%

Current tax
Deferred tax
(2,811,357)
4,485,479,878

2,616,599,517
452

4,485,479,878
3,403,551,874
0.00%
28.55%
0.00%
27.61%
4,485,479,878
3,403,551,874
28.55%
27.61%
Appropriations
4,485,479,878
3,403,551,874
28.55%
27.61%
Statutory reserve
1,690,941,188
1,303,531,651
10.76%
10.57%
177,938,721
246,740,223
1.13%
2.00%
2,616,599,517
1,853,280,000
16.65%
15.03%
General reserve
Dividends, etc
Retained surplus
452
0.00%
0.00%
4.48
55.10
0.00%
0.00%

Amounts in TK
2012
2012
2011
2011
OPERATING INCOME
43,672,225,981
(25,870,425,237)
32,019,532,444
(18,401,218,085)
Net Interest Income
17,801,800,744
484,361,836
5,260,647,661
1,122,169,884
876,633,643
4.55%
4.36%
6,867,179,381
6,505,094,066
24,668,980,125
20,123,408,425
27.84%
100.00%
32.33%
100.00%
5,961,421,881
4,655,983,050
24.17%
23.14%
655,576,460
507,063,897
2.66%
2.52%
13,479,293
15,257,288
0.05%
0.08%
111,528,843
94,267,115
0.45%
0.47%
267,730,060
198,418,476
1.09%
0.99%
Investment income
177.03%
-104.87%
159.12%
-91.44%
13,618,314,359
72.16%
67.67%
331,004,637
1.96%
1.64%
5,297,455,786
21.32%
26.32%
OPERATING EXPENSES
Legal expenses
5,280,000
5,280,000
0.02%
0.03%
10,066,840
9,530,986
0.04%
0.05%
2,584,829
2,749,283
0.01%
0.01%
Auditors' fees
2,168,000
1,593,400
0.01%
0.01%
2.04%
Directors' fees
504,441,086
409,590,979
2.04%
Zakat expenses
324,772,772
262,929,404
1.32%
1.31%
Other expenses
1,029,710,622
1,128,991,237
4.17%
5.61%

Other provisions
8,888,760,686
7,291,655,115
36.03%
36.23%
15,780,219,439
12,831,753,310
63.97%
63.77%
3,502,625,602
2,384,314,796
14.20%
11.85%
30,969,670
289,077,029
0.13%
1.44%
9,441,066
0.04%
0.00%
3,543,036,338
2,673,391,825
14.36%
13.28%
12,237,183,101
10,158,361,485
49.61%
50.48%
6,574,464,832
5,504,252,091
26.65%
27.35%
45,964,788
29,515,743
0.19%
0.15%
5,616,753,481
4,624,593,651
22.77%
22.98%

5,616,751,549
1,932
4,624,597,748
(4,097)
22.77%
0.00%
22.98%
0.00%

3,015,952,005
5,616,751,549
2,624,924,708
4,624,597,748
12.23%
22.77%
13.04%
22.98%
8,632,703,554
7,249,522,456
34.99%
36.03%
Appropriations
8,632,703,554
7,249,522,456
34.99%
36.03%
Statutory reserve
2,419,235,534
2,069,463,066
9.81%
10.28%

Current tax
Deferred tax
General reserve
(22,205,793)
(430,484,615)
-0.09%
-2.14%
Dividends, etc
3,202,467,840
2,594,592,000
12.98%
12.89%
Retained surplus
3,033,205,973
3,015,952,005
12.30%
14.99%
4.49
3.70
0.00%
0.00%
4.4. AB Bank Ltd:
AB Bank Limited
Amounts in TK
2010
PROPERTY AND ASSETS
Cash
2009
2010
2009
6,615,787,687
5,354,881,576
793,965,044
5,821,822,643
489,993,012
4,864,888,564
4.95%
0.59%
4.35%
5.01%
0.46%
4.55%
4,855,275,265
3,494,118,147
3.63%
3.27%
In Bangladesh
Outside Bagladesh
3,883,196,975
972,078,290
1,111,711,079
2,382,407,068
2.90%
0.73%
1.04%
2.23%
380,180,000
600,000,000
0.28%
0.56%
Investments
15,048,539,567
16,369,303,226
11.25%
15.31%
Government
Others
10,925,594,003
4,122,945,564
9,675,466,462
6,693,836,764
8.17%
3.08%
9.05%
6.26%
96,433,238,729
70,879,933,445

92,395,623,505
4,037,615,224
69,732,552,194
1,147,381,251
72.12%
69.10%
3.02%
66.30%
65.22%
1.07%
4,087,964,621
2,440,962,657
3.06%
2.28%
Other assets
6,285,838,580
7,773,113,332
4.70%
7.27%
100.00%
100.00%
Non-banking assets
Total Assets
133,706,824,449
106,912,312,383

Liabilities
14,200,436,481
6,125,161,339
10.62%
5.73%
94,780,200,605
83,087,129,113

Demand deposits
Bills payable
Fixed deposits
Other deposits
12,207,407,973
1,340,901,326
13,061,751,527
8,820,711,007
53,387,157,876
130,325,000
5831945896
6,479,985,466
2,514,211,354
1,289,857,131
11,900,897,489
15,782,398,929
39,696,851,192
130,325,000
5,292,602,552
70.89%
9.13%
77.72%
6.06%
1.00%
9.77%
1.21%
11.13%
39.93%
37.13%
4.36%
4.95%
Other liabilites
10,575,562,699
7613498999
7.91%
7.12%
Total Liabilities
119,556,199,785
96,825,789,451
89.42%
90.57%
14,146,877,356
10,086,522,932
10.58%
9.43%
3,205,316,500
4,395,603,869
1,566,130,459
4,979,826,528
2,564,253,200
3,101,206,092
879,094,505
3,541,969,135
2.40%
3.29%
1.17%
3.72%
2.40%
2.90%
0.82%
3.31%
0.00%
0.00%
Paid-up-capital
Statutory reserve
Other reserve
Retained earnings
Minority interest
Total Equity
3,747,308
14,150,624,664
10,086,522,932
10.58%
9.43%
133,706,824,449
106,912,312,383
100.00%
100.00%
AB Bank Limited
Amounts in TK
2012
PROPERTY AND ASSETS
Cash
2011
2012
2011
9,622,886,413
9,361,503,594
1,231,720,758
8,391,165,655
997,917,256
8,363,586,338
5.48%
0.70%
4.78%
6.06%
0.65%
5.42%
7,473,564,867
6,695,213,100
4.26%
4.34%
In Bangladesh
Outside Bagladesh
5,621,794,561
1,851,770,306
5,664,958,585
1,030,254,515
3.20%
1.06%
3.67%
0.67%
3,671,790,000
665,830,000
2.09%
0.43%
Investments
26,949,597,279
22,484,125,659
15.35%
14.56%
Government
Others
19,743,454,873
7,206,142,406
16,113,627,582
6,370,498,077
11.25%
4.11%
10.44%
4.13%
113,662,985,698
102,470,139,418

111,311,725,962
2,351,259,736
99,586,187,093
2,883,952,325
64.76%
63.42%
1.34%
66.36%
64.50%
1.87%
4,868,649,902
4,765,983,039
2.77%
3.09%
Other assets
9,267,837,853
7,961,956,432
5.28%
5.16%
100.00%
100.00%
Non-banking assets
Total Assets
Liabilities
175,517,312,012
154,404,751,242
4,116,982,161
10,698,189,571
2.35%
6.93%
139,908,043,708
115,825,485,296

Demand deposits
Bills payable
Fixed deposits
Other deposits
13,487,221,464
1,467,147,011
14,860,539,427
80,452,713,916
29,640,421,890
12,635,670,551
1,251,812,196
13,949,303,799
67,763,226,169
20,225,472,581
79.71%
7.68%
75.01%
8.18%
0.84%
8.47%
0.81%
9.03%
45.84%
43.89%
16.89%
13.10%
Other liabilites
15,290,014,994
12,884,286,108
8.71%
8.34%
Total Liabilities
159,315,040,863
139,407,960,975
90.77%
90.29%
458,538,125,434
15,011,653,184
261.25%
9.72%
442,336,680
5,005,314,801
1,532,116,076
5,261,734,530
3,686,113,900
4,390,197,275
1,565,712,112
5,369,629,897
0.25%
2.85%
0.87%
3.00%
2.39%
2.84%
1.01%
3.48%
(20,230,938)
(14,862,916)
-0.01%
-0.01%
Paid-up-capital
Statutory reserve
Other reserve
Retained earnings
Minority interest
Total Equity
16,202,271,149
14,996,790,269
9.23%
9.71%
175,517,312,012
154,404,751,242
100.00%
100.00%
AB Bank Limited
Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
10,716,860,160
(6,631,922,938)
9,047,169,208
(6,139,114,501)
89.27%
-55.24%
109.42%
-74.25%
Net Interest Income
4,084,937,223
2,908,054,707
34.03%
35.17%
Investment income
4,705,923,356
2,923,537,225
39.20%
35.36%
2,879,505,698
2,266,125,144
23.99%
27.41%
334,310,001
170,873,499
2.78%
2.07%
7,919,739,055
5,360,535,868
12,004,676,278
8,268,590,576
65.97%
100.00%
64.83%
100.00%
1,854,078,494
1,199,231,589
15.44%
14.50%
295,043,296
229,913,457
2.46%
2.78%
14,105,546
3,960,205
0.12%
0.05%
110,220,864
84,377,528
0.92%
1.02%

OPERATING EXPENSES
Legal expenses
142,924,185
120,563,379
1.19%
1.46%
9,757,721
8,484,960
0.08%
0.10%
Directors' fees
2,332,085
2,374,492
0.02%
0.03%
Auditors' fees
2,275,617
2,209,962
0.02%
0.03%
2.45%

290,722,868
202,771,852
2.42%
Other expenses
1,050,403,723
612,306,896
8.75%
7.41%
3,771,864,399
2,466,194,320
31.42%
29.83%
8,232,811,877
5,802,396,257
68.58%
70.17%
775,278,129
436,600,000
6.46%
5.28%
148,417,573
Other provisions
200,000,000
160,900,000
1,123,695,702
597,500,000
9.36%
7.23%
7,109,116,175
5,204,896,257
59.22%
62.95%
3,119,596,201
1,842,340,256
25.99%
22.28%
Current tax
3,160,889,325
1,714,216,590
26.33%
20.73%
(41,293,124)
128,123,666
-0.34%
1.55%
3,989,519,974
3,362,556,000
33.23%
40.67%
1,264,995,146
1,031,118,234
Deferred tax
1.24%
0.00%
1.67%
1.95%
Appropriations
Statutory reserve
10.54%
12.47%
General reserve
0.00%
0.00%
Dividends, etc
0.00%
0.00%
Retained surplus
Minority Interest
1,264,995,146
1,031,118,234
10.54%
12.47%
2,724,524,828
1,031,118,234
22.70%
12.47%
(29,202,420)
-0.24%
0.00%
2,753,727,248
233,143,766
22.94%
2.82%
10.90
131.13
0.00%
0.00%
AB Bank Limited
Am ounts in TK
2012
2011
2012
2011
OPERATING INCOME
16,479,564,598
(12,686,931,403)
13,795,334,719
(10,472,018,461)
182.73%
-140.68%
159.19%
-120.84%
38.35%
Net Interest Income
3,810,633,196
3,323,316,259
42.25%
Investment income
2,326,182,892
2,085,683,464
25.79%
24.07%
2,689,955,033
2,680,385,312
29.83%
30.93%
191,675,408
576,612,391
2.13%
6.65%
5,207,813,333
5,342,681,167
9,018,446,529
8,665,997,426
57.75%
100.00%
61.65%
100.00%
1,951,187,116
1,761,429,031
21.64%
20.33%
429,860,032
358,174,436
4.77%
4.13%
11,086,830
6,767,716
0.12%
0.08%
136,874,867
113,682,711
1.52%
1.31%
1.64%

OPERATING EXPENSES
Legal expenses
159,183,662
141,840,504
1.77%
8,683,734
9,786,518
0.10%
0.11%
Directors' fees
3,189,207
2,265,896
0.04%
0.03%
Auditors' fees
6,031,215
3,106,993
0.07%
0.04%

459,763,255
416,696,843
5.10%
4.81%
Other expenses
1,133,212,962
908,138,017
12.57%
10.48%
4,299,072,880
3,721,888,665
47.67%
42.95%
4,719,373,649
4,944,108,762
52.33%
57.05%
712,182,142
412,372,572
7.90%
4.76%
426,565,410
1,028,949,109
4.73%
11.87%
84,356,875
30,229,954
0.94%
0.35%
Other provisions
1,223,104,427
1,471,551,635
13.56%
16.98%
3,496,269,222
3,472,557,128
38.77%
40.07%
2,034,460,196
2,101,964,078
22.56%
24.26%
Current tax
1,975,206,567
2,101,964,078
21.90%
24.26%
Deferred tax
59,253,629
1,461,809,025
(19,792,000)
1,390,385,050
0.66%
-0.23%
16.21%
16.04%
Appropriations
Statutory reserve
General reserve
Dividends, etc
624,066,492
624,066,492
Retained surplus
Minority Interest
837,742,534
(5,141,410)
6.92%
0.00%
0.00%
0.00%
0.00%
0.00%
6.92%
0.00%
9.29%
16.04%
1,390,385,050
-0.06%
-0.05%
842,883,943
1,394,742,598
(4,357,548)
9.35%
16.09%
3.32
3.15
0.00%
0.00%
4.5. Sonali Bank Ltd:
Sonali Bank Limited

Amounts in TK
2010
PROPERTY AND ASSETS
Cash
In Bangladesh
Outside Bagladesh
2009
2010
2009
28,415,953,542
20,641,592,198
3,812,680,606
24,603,272,936
4,366,813,852
16,274,778,346
5.22%
0.70%
4.52%
4.19%
0.89%
3.30%
10,614,726,092
9,979,717,359
1.95%
2.02%
3,696,316,284
6,918,409,808
5,265,819,000
4,713,898,359
0.68%
1.27%
1.07%
0.96%
3,079,323,200
250,857,360
0.57%
0.05%
Investments
113,479,966,309
95,093,241,199
20.86%
19.29%
Government
Others
109,499,844,618
3,980,121,691
93,947,843,070
1,145,398,129
20.13%
0.73%
19.06%
0.23%
254,022,504,699
231,166,579,465

230,711,422,965
23,311,081,734
208,184,384,025
22,982,195,440
46.70%
42.41%
4.29%
46.89%
42.23%
4.66%

Other assets
Non-banking assets
Total Assets
Liabilities
10,047,274,621
9,920,927,663
1.85%
2.01%
124,309,519,402
125,893,233,074
22.85%
25.54%
543,969,267,865
492,946,148,318
0.00%
0.00%
100.00%
100.00%
60,124,599
545,955,691
0.01%
0.11%
406,151,569,403
364,385,970,931

Bills payable
Other deposits
101,642,717,814
7,073,473,848
130,335,050,836
167,100,326,905
-
98,795,523,389
6,642,924,279
120,423,161,432
138,524,361,831
-
74.66%
18.69%
1.30%
23.96%
30.72%
0.00%
73.92%
20.04%
1.35%
24.43%
28.10%
0.00%
Other liabilites
107,282,215,750
103,596,507,559
19.72%
21.02%
Total Liabilities
513,493,909,752
468,528,434,181
94.40%
95.05%
Paid-up-capital
Statutory reserve
9,000,000,000
3,566,476,533
13,873,896,883
4,034,984,697
9,000,000,000
3,116,476,533
9,353,019,515
2,948,218,089
1.65%
0.66%
2.55%
0.74%
1.83%
0.63%
1.90%
0.60%
30,475,358,113
24,417,714,137
5.60%
4.95%
543,969,267,865
492,946,148,318
100.00%
100.00%
Sonali Bank Limited

Amounts in TK
2012
PROPERTY AND ASSETS
Cash
In Bangladesh
Outside Bagladesh
2011
2012
2011
65,634,773,139
33,230,634,571
3,992,625,523
61,642,147,616
5,138,688,934
28,091,945,637
9.44%
0.57%
8.87%
5.36%
0.83%
4.53%
12,601,457,703
40,099,345,277
1.81%
6.46%
6,885,819,000
5,715,638,703
28,555,819,000
11,543,526,277
0.99%
0.82%
4.60%
1.86%
11,742,379,680
5,547,312,900
1.69%
0.89%
18.01%
Investments
134,075,750,559
111,745,095,461
19.29%
Government
Others
119,359,837,845
14,715,912,714
96,838,566,107
14,906,529,354
17.17%
2.12%
15.61%
2.40%
345,991,348,911
286,098,070,161

299,326,288,961
46,665,059,950
256,717,951,354
29,380,118,807
49.77%
43.06%
6.71%
46.11%
41.37%
4.73%

Other assets
Non-banking assets
Total Assets
Liabilities
23,026,415,030
10,594,092,052
3.31%
1.71%
102,119,984,054
133,200,410,488
14.69%
21.47%
695,192,109,076
620,514,960,910
0.00%
0.00%
100.00%
100.00%
2,096,263,206
26,385,637
0.30%
0.00%
533,192,166,553
478,134,084,948

Bills payable
Other deposits
128,462,790,706
9,211,842,670
165,670,880,144
229,846,653,033
-
118,947,874,651
8,643,731,434
153,685,198,818
196,857,280,045
-
76.70%
18.48%
1.33%
23.83%
33.06%
0.00%
77.05%
19.17%
1.39%
24.77%
31.72%
0.00%
Other liabilites
103,811,376,412
104,943,593,203
14.93%
16.91%
Total Liabilities
639,099,806,171
583,104,063,788
91.93%
93.97%
Paid-up-capital
Statutory reserve
11,250,000,000
5,924,918,206
12,795,033,247
26,122,351,452
9,000,000,000
3,956,476,533
4,806,256,012
19,648,164,577
1.62%
0.85%
1.84%
3.76%
1.45%
0.64%
0.77%
3.17%
56,092,302,905
37,410,897,122
8.07%
6.03%
695,192,109,076
620,514,960,910
100.00%
100.00%
Sonali Bank Limited

Amounts in TK
2010
2009
2010
2009
OPERATING INCOME
17,683,108,223
(15,800,026,939)
13,101,861,774
(13,965,929,070)
105.47%
-94.24%
(864,067,296)
103.53%
-110.36%
Net Interest Income
1,883,081,284
11.23%
-6.83%
Investment income
7,709,248,980
6,681,712,326
45.98%
52.80%
6,889,922,752
6,631,481,325
41.09%
52.40%
283,667,424
206,004,480
1.69%
1.63%
14,882,839,156
13,519,198,131
16,765,920,440
12,655,130,835
88.77%
100.00%
106.83%
100.00%
7,374,257,001
5,822,279,517
43.98%
46.01%
410,285,295
353,703,034
2.45%
2.79%
Legal expenses
38,782,497
31,184,696
0.23%
0.25%
70,943,693
73,688,961
0.42%
0.58%
138,374,104
136,441,211
0.83%
1.08%
9,600,000
8,903,225
0.06%
0.07%
Directors' fees
1,729,240
1,076,040
0.01%
0.01%
Auditors' fees
855,000
980,000
0.01%
0.01%

OPERATING EXPENSES

196,779,376
198,848,129
0.00%
0.00%
1.17%
1.57%
Other expenses
1,213,847,018
911,141,928
7.24%
7.20%
9,455,453,224
7,538,246,741
56.40%
59.57%
13.78%
0.00%
12.78%
0.00%

5,000,000,000
3,500,000,000
14,455,453,224
11,038,246,741
2,310,467,216
-
1,616,884,094
-
0.00%
0.00%
-0.07%
0.00%
(11,200,000)
Other provisions
(55,000,000)
(280,483,707)
-0.33%
-2.22%
Total provisions
(66,200,000)
(280,483,707)
-0.39%
-2.22%
13.39%
10.56%

2,244,267,216
2,244,267,216
(707,500,608)
-
1,336,400,387
-
0.00%
0.00%
1,336,400,387
13.39%
10.56%
974,714,115
-4.22%
7.70%
(727,597,843)
0.00%
0.00%
-5.86%
-5.75%
1.64%
13.45%
Current tax
(981,948,567)
Deferred tax
274,447,959
1,702,311,958
1,536,766,608
2,311,114,502
9.17%
18.26%

2,948,218,089
4,484,984,697
778,864,096
3,089,978,598
17.58%
26.75%
6.15%
24.42%
450,000,000
121,760,509
2.68%
0.96%
20,000,000
0.00%
0.16%
0.00%
Appropriations
Statutory reserve
General reserve
Minority Interest
0.00%
Retained Surplus
0.00%
0.00%

450,000,000
141,760,509
2.68%
1.12%
4,034,984,697
2,948,218,089
24.07%
23.30%
17.08
25.68
0.00%
0.00%
Sonali Bank Limited

Amounts in TK
2012
2011
2012
2011
OPERATING INCOME
27,902,144,333
(22,402,387,574)
22,841,408,729
(19,131,795,895)
119.20%
-95.70%
110.94%
-92.93%
Net Interest Income
5,499,756,759
3,709,612,834
23.49%
18.02%
Investment income
7,561,794,956
5,896,206,997
32.30%
28.64%
7,487,046,101
9,546,277,030
31.98%
46.37%
2,860,061,530
1,436,254,869
12.22%
6.98%
17,908,902,587
16,878,738,896
23,408,659,346
20,588,351,730
76.51%
100.00%
81.98%
100.00%
7,950,235,276
9,345,557,066
33.96%
45.39%
597,208,721
500,713,404
2.55%
2.43%
Legal expenses
26,052,472
30,380,407
0.11%
0.15%
60,694,119
80,898,613
0.26%
0.39%
172,945,089
153,953,292
0.74%
0.75%
6,171,743
3,651,612
0.03%
0.02%
Directors' fees
4,517,009
4,998,772
0.02%
0.02%
Auditors' fees
2,734,231
2,150,000
0.01%
0.01%
0.00%
0.00%

OPERATING EXPENSES

Other expenses

414,290,292
334,754,923
1.77%
1.63%
1,782,456,313
1,643,103,897
7.61%
7.98%
11,017,305,265
12,100,161,986
47.07%
58.77%
8,488,189,744
-
52.93%
0.00%
41.23%
0.00%
(3,001,447,059)
-1.87%
-14.58%
12,391,354,081
-
(436,725,627)
130,028,996
Other provisions
Total provisions
0.56%
0.00%
4,331,871,631
(1,004,184,181)
18.51%
-4.88%
4,025,175,000
(4,005,631,240)
17.20%
-19.46%
16,416,529,081
4,482,558,504
70.13%
21.77%
6,574,320,716
6,574,320,716
28.08%
31.93%
9,842,208,365
(2,091,762,212)
42.05%
-10.16%
1,117,251,898
0.49%
5.43%

Current tax
Deferred tax
115,010,543
(962,498,075)
1,077,508,618
9,957,218,908
0.00%
0.00%
(1,070,000,000)
-4.11%
-5.20%
2,187,251,898
4.60%
10.62%
(974,510,314)
42.54%
-4.73%
4,806,256,012
14,763,474,920
6,170,766,326
5,196,256,012
20.53%
63.07%
29.97%
25.24%
1,968,441,673
390,000,000
Appropriations
Statutory reserve
8.41%
1.89%
General reserve
0.00%
0.00%
Minority Interest
0.00%
0.00%
Retained Surplus
0.00%
0.00%

1,968,441,673
390,000,000
8.41%
1.89%
12,795,033,247
4,806,256,012
54.66%
23.34%
0.00%
0.00%
108.38
(10.61)
5.0. RATIO ANALYSIS:

The study on financial performance analysis tried to focus the organizations overall
activitiestobereflectedintofinancialfigures.Tocoverthestudycurrentratio,debtequity
ratio, payout ratio, price earning ratio have been analyzed. The rational of the study is to
showthefinancialstrengthandweaknesshere.
Financial analysis is the process of determining the significant operating and financial
characteristicsofanybusinessconcernfromaccountingdataandfinancialstatement.The
goalofsuchanalysisistodeterminetheefficiencyandperformanceofthatbusinessunits
management,asreflectedinthefinancialrecordsandreports.
5.1. Cash to total AssetsThe current value of marketable securities and cash, divided by the Bank's current
liabilities.Alsoknownasthecashratio,thecashassetratiocomparesthedollaramountof
highlyliquidassets(suchascashandmarketablesecurities)foreveryonedollarofshort
termliabilities.Thisfigureisusedtomeasureafirm'sliquidityoritsabilitytopayitsshort
termobligations.Idealratioswillbedifferentfordifferentindustriesandfordifferentsizes
ofcorporations,andformanyotherreasons.
FormulaCash/Totalassets:
Cash to Total Assests = Cash/Total Assets
Year
2012
2011
2010
2009
Dhaka Bank
Islami bank
Cash
41774012643
TA
482649491467
Cash
10934170296
Sonali Bank
AB Bank
TA
133616109915
Cash
9622886413
TA
175517312012
Cash
65634773139
Marcantile Bank
TA
695192109076
Cash
12015121299
TA
154040183191
0.086551449
Cash
TA
40631914271
389375604220
0.104351464
0.081832724
Cash
TA
9510508375
105006781780
0.09057042
0.054825853
Cash
TA
9361503594
154404751242
0.060629634
0.094412425
Cash
TA
33230634571
620514960910
0.053553317
0.077999916
Cash
TA
6946104482
116553013887
0.059596095
Cash
TA
39053405096
330785171734
0.118062744
Cash
TA
37485668446
278302839706
0.134693805
Cash
TA
8769479993
90139480260
0.097287892
Cash
TA
5035699739
77767413094
0.06475334
Cash
TA
6615787687
133706824449
0.049479806
Cash
TA
5354881576
106912312383
0.050086669
Cash
TA
28415953542
543969267865
0.05223816
Cash
TA
20641592198
492946148318
0.041873929
Cash
TA
4877118983
87140109470
0.055968704
Cash
TA
4790155210
66166515602
0.072395458
5.2. Balance with other banks and financial institution to Total AssetsNon financial debt is the sum of loans that financial institutions make to households,
governmental agencies and business entities not in the financial sector. Stated
differently, this data represents amounts owed to banks or other financial institutions.
Formula- Borrowing from other banks and financial institution to Total Liabilities=
Borrowing from other banks and financial institution / Total Liabilities.
Balance with Other Bank & FI = Bal with OB & FI/Total Assets
Year
2012
2011
2010
2009
Islami Bank
BAL OB & FI
TA
24524933077
482649491467
0.050813134
BAL OB & FI
TA
16853296480
389375604220
0.043282877
BAL OB & FI
TA
7114712459
330785171734
0.021508559
BAL OB & FI
TA
7678373370
278302839706
0.027589993
Dhaka Bank
BAL OB & FI
4920675495
0.036826963
BAL OB & FI
3341322299
0.031820062
BAL OB & FI
4839359461
0.053687457
BAL OB & FI
8224866995
0.105762384
TA
133616109915
TA
105006781780
TA
90139480260
TA
77767413094
AB Bank
BAL OB & FI
TA
7473564867
175517312012
0.042580215
BAL OB & FI
TA
6695213100
154404751242
0.043361445
BAL OB & FI
TA
4855275265
133706824449
0.036312846
BAL OB & FI
TA
3494118147
106912312383
0.032682093
Sonali Bank
BAL OB & FI
TA
12601457703
695192109076
0.018126583
BAL OB & FI
TA
40099345277
620514960910
0.064622689
BAL OB & FI
TA
10614726092
543969267865
0.019513467
BAL OB & FI
TA
9979717359
492946148318
0.020245046
Marcantile Bank
BAL OB & FI
TA
625015429
154040183191
0.004057483
BAL OB & FI
TA
643855116
116553013887
0.00552414
BAL OB & FI
TA
908549740
87140109470
0.010426309
BAL OB & FI
TA
1017865437
66166515602
0.015383392
5.3. Investment to total assetsInvestment to Total Assets = Investment/Total Assets

Year
2012
2011
2010
2009
Islami Bank
Investment
TA
25560064458
482649491467
0.052957819
Investment
TA
16853296480
389375604220
0.043282877
Investment
TA
13471200872
330785171734
0.040724924
Investment
TA
11136610399
278302839706
0.040016158
Dhaka Bank
Investment
19540194015
0.146241303
Investment
10544416526
0.100416529
Investment
8441807611
0.093652721
Investment
8659565948
0.111352115
TA
133616109915
TA
105006781780
TA
90139480260
TA
77767413094
AB Bank
Investment
TA
26949597279
175517312012
0.153543813
Investment
TA
22848125659
154404751242
0.147975535
Investment
TA
15048539567
133706824449
0.112548777
Investment
TA
16369303226
106912312383
0.153109617
Sonali Bank
Investment
TA
134075750559
695192109076
0.192861439
Investment
TA
111745095461
620514960910
0.18008445
Investment
TA
113479966309
543969267865
0.208614664
Investment
TA
95093241199
492946148318
0.192907971
Marcantile Bank
Investment
TA
41314194597
154040183191
0.268204008
Investment
TA
24645376621
116553013887
0.211452075
Investment
TA
10937201791
87140109470
0.125512831
Investment
TA
9664722134
66166515602
0.146066663
5.4. Loans to total assetsTotal loan divided by total assets. Indicates what proportion of the Bank's assets are
being financed through loan. If the ratio is less than one, most of the Bank's assets are
financed through equity. If the ratio is greater than one, most of the Bank's assets are
financed through loan.
Laons to Total Assets = loans/total assets

Year
2012
Dhaka Bank
Islami Bank
Loans
TA
372920722887
Loans
482649491467
90140284573
0.772653301
Loans
2011
305790180873
Loans
389375604220
2010
Loans
330785171734
0.791223892
Loans
2009
11136610399
Loans
278302839706
105006781780
102470139418
0.040016158
345991348911
154404751242
133706824449
77767413094
0.680359702
70879933445
0.686381217
543969267865
106912312383
Loans
0.662972597
TA
66377697326
87140109470
0.761735299
TA
231166579465
116553013887
Loans
0.466979515
TA
TA
79999799464
TA
254022504699
0.721228996
Loans
Loans
620514960910
Loans
154040183191
0.607704253
TA
286098070161
TA
93610874413
0.461065547
TA
96433238729
Loans
695192109076
Loans
0.663646284
90139480260
Marcantile Bank
TA
0.497691709
TA
Loans
TA
52909814017
Loans
0.647588459
0.705477636
TA
175517312012
Loans
TA
63591387406
TA
113662985698
0.72360366
TA
261725131026
133616109915
TA
75983291662
0.785334719
Loans
Loans
0.674621381
TA
Sonali Bank
AB Bank
TA
Loans
492946148318
TA
48295546954
0.468948952
66166515602
0.729909177
5.5. Borrowing from other banks and financial institution to Total LiabilitiesBorrowing from OB & FI = Borrowing from OB & FI/TL
Year
2012
2011
2010
2009
Islami Bank
Borrow. OB/FI
TL
0
442988126704
0
Borrow. OB/FI
TL
0
361761849327
0
Borrow. OB/FI
TL
0
307268895003
0
Borrow. OB/FI
TL
0
258197295853
0
Dhaka Bank
Borrow. OB/FI
5696877888
0.046005711
Borrow. OB/FI
2548239587
0.026623761
Borrow. OB/FI
4365638395
0.052245709
Borrow. OB/FI
3489759326
0.047935115
TL
123829798738
TL
95712984901
TL
83559750872
TL
72801731124
AB Bank
Borrow. OB/FI
TL
4116982161
159315040863
0.025841767
Borrow. OB/FI
TL
10698189571
139407960975
0.076740162
Borrow. OB/FI
TL
14200436481
119556199785
0.118776245
Borrow. OB/FI
TL
6125161339
96825789451
0.063259606
Sonali Bank
Borrow. OB/FI
TL
2096263206
639099806171
0.003280025
Borrow. OB/FI
TL
26385637
104943593203
0.000251427
Borrow. OB/FI
TL
60124599
513493909752
0.000117089
Borrow. OB/FI
TL
545955691
468528434181
0.001165256
Marcantile Bank
Borrow. OB/FI
TL
17313279868
143115633307
0.120974065
Borrow. OB/FI
TL
5976762994
106893680611
0.055913156
Borrow. OB/FI
TL
864043691
79954424207
0.010806703
Borrow. OB/FI
TL
1842825721
61870263861
0.029785322
5.6. Deposits to Total Liabilities Deposit to Liabilities =deposits / total liabilities

Islami Bank
deposits
TL
417845688579
442988126704
0.943243539
deposits
TL
341855262815
361761849327
0.944973229
deposits
TL
291937493665
307268895003
0.950104285
deposits
TL
244292144333
258197295853
0.946145247
Dhaka Bank
deposits
TL
109427151290
123829798738
0.883689971
deposits
TL
86276888686
95712984901
0.90141258
deposits
TL
72420380740
83559750872
0.866689764
deposits
TL
60918374023
72801731124
0.836770954
AB Bank
deposits
TL
139908043708
159315040863
0.878184777
deposits
TL
115825485296
139407960975
0.830838386
deposits
TL
94780200605
119556199785
0.792766923
deposits
TL
83087129113
96825789451
0.858109493
Sonali Bank
deposits
TL
533192166553
639099806171
0.834286228
deposits
TL
478134084948
104943593203
4.556105526
deposits
TL
406151569403
513493909752
0.790956936
deposits
TL
364385970931
468528434181
0.777724348
Marcantile Bank
deposits
TL
118106883704
143115633307
0.825254942
deposits
TL
94102832878
106893680611
0.880340469
deposits
TL
73739392053
79954424207
0.922267814
deposits
TL
55553083656
61870263861
0.897896343
5.7. Shareholders equity to Total Liabilities and shareholders equity

Shareholders Equity to Total Liabilities and Shareholders Equity = SH Eq/TL and SH Eq.
Year
2012
2011
2010
2009
AB Bank
SH Eq
TL & SH Eq
39661364763
482649491467
0.08217426
SH Eq
TL & SH Eq
27613754893
389375604220
0.070918041
SH Eq
TL & SH Eq
23516276731
330785171734
0.071092294
SH Eq
TL & SH Eq
20105543853
278302839706
0.072243402
Dhaka Bank
SH Eq
TL & SH Eq
9786311177
133616109915
0.073242
SH Eq
TL & SH Eq
9293796879
105006781780
0.088506635
SH Eq
TL & SH Eq
6579729388
90139480260
0.072994978
SH Eq
TL & SH Eq
4965681970
77767413094
0.063852992
AB Bank
SH Eq
TL & SH Eq
458358125434
175517312012
2.611469605
SH Eq
TL & SH Eq
15011653184
154404751242
0.097222741
SH Eq
TL & SH Eq
14146877356
133706824449
0.1058052
SH Eq
TL & SH Eq
10086522932
106912312383
0.094343885
Sonali Bank
SH Eq
TL & SH Eq
56092302905
695192109076
0.080686047
SH Eq
TL & SH Eq
37410897122
543969267865
0.068773917
SH Eq
TL & SH Eq
30475358113
543969267865
0.056024044
SH Eq
TL & SH Eq
24417714137
492946148318
0.049534243
Marcantile Bank
SH Eq
TL & SH Eq
10924549884
154040183191
0.07092013
SH Eq
TL & SH Eq
9659333276
116553013887
0.082875019
SH Eq
TL & SH Eq
7185685263
87140109470
0.082461283
SH Eq
TL & SH Eq
4296251741
66166515602
0.064930905
5.8. Interest Expense to Interest Income: Interest Expense/Interest Income
Financial ratios & indicators can assist in determining the health of a business. There
is a minimum of 21 different ratios and indicators that can be looked at by many
financial institutions. You cannot look at a single ratio and determine the overall
health of a business or farming operation. Multiple ratios and indicators must be used
along with other information to determine the total and overall health of a farming
operation and business. This series of articles will look at 21 commonly used ratios and
indicators.
Interest-Expense Ratio is a measurement of financial efficiency and is determined
based on information derived from a business or farm operations financial statements
specifically using the financials that determine gross farm income. Financial efficiency
refers to how effectively a business or farm is able to generate income. Looking at the
financial efficiency of a business or farm assists the owner(s) in determining how the
various aspects of the business such as production, financing, marketing, etc. effects
the gross income of the business.
Interest-Expense ratio is measured as a percentage, the lower the percentage the
stronger the ratio. The Interest-Expense ratio intimates the amount of gross income
that is being spent to pay the interest on borrowed money. The lower the percentages
the better, a business or farm should be no higher than 5% to be considered strong. A
Interest-Expense ratio higher than 10% indicates that the business or farm is spending
too much of its gross income paying interest on borrowed money. In this case a business
or farm may want to look at ways to lower this expense, this can be accomplished in a
number of ways including: selling of assets to pay down overall debt (negative
ramification for this may include tax issues), refinancing some loans, and restructuring
of debt.
Interest Expense to Interest Income = Interest Expense/Interest Income
Year
2012
2011
2010
2009
Islami Bank
Int. Expense
Int.Income
25870425237
43672225981
0.592377069
Int. Expense
Int.Income
18401218085
32019532444
0.574687282
Int. Expense
Int.Income
14471890918
24766264960
0.584338855
Int. Expense
Int.Income
13076994556
21370531603
0.611917139
Dhaka Bank
Int. Expense
Int.Income
10598442925
13368863531
0.792770672
Int. Expense
Int.Income
7610560989
10012821834
0.760081535
Int. Expense
Int.Income
4944107729
7404568227
0.66771047
Int. Expense
Int.Income
5406545979
7466348667
0.724121819
AB Bank
Int. Expense
Int.Income
12686931403
16479564598
0.76985841
Int. Expense
Int.Income
10472018461
13795334719
0.759098541
Int. Expense
Int.Income
6631922938
10716860160
0.618830781
Int. Expense
Int.Income
6139114501
9047169208
0.678567446
Sonali Bank
Int. Expense
Int.Income
22402387574
27902144333
0.802891251
Int. Expense
Int.Income
19131795895
22841408729
0.837592642
Int. Expense
Int.Income
15800026939
17683108223
0.893509599
Int. Expense
Int.Income
13965929070
13101861774
1.065949963
Marcantile Bank
Int. Expense
Int.Income
10556793170
12545337913
0.841491337
Int. Expense
Int.Income
8022131491
9732681382
0.824246801
Int. Expense
Int.Income
5176002117
6837900076
0.756957847
Int. Expense
Int.Income
4755901859
6066171939
0.784003801
5.9. Net Interest Income to Total Operating IncomeInterest-Expense Ratio is a measurement of financial efficiency and is determined
based on information derived from a business or farm operations financial statements
specifically using the financials that determine gross farm income. Financial efficiency
refers to how effectively a business or farm is able to generate income. Looking at the
financial efficiency of a business or farm assists the owner(s) in determining how the
various aspects of the business such as production, financing, marketing, etc. effects
the gross income of the business.
Net Interest Income to Total Operating Income = Net Interest Income/Total Operating Income
Year
2012
2011
2010
2009
Islami Bank
Net Int. Income Total Opr. Income
17801800744
6867179381
2.592301694
13618314359
20123408425
0.676739947
10294374042
15711946305
0.65519407
8293537047
12326862480
0.672801945
Dhaka Bank
2770420606
5614359565
0.49345265
2402260845
6408962823
0.374828332
2460460498
5555178105
0.442912982
2059802688
4234778143
0.486401558
AB Bank
3810633196
9018446529
0.422537649
3323316259
5342681167
0.622031552
4084937223
12004676278
0.340278832
2908054707
8268590576
0.35169896
Sonali Bank
5499756759
23408659346
0.234945397
3709612834
20588351730
0.180180176
1883081284
16765920440
0.11231601
864067296
12655130835
0.068278022
Marcantile Bank
1988544743
6110758679
0.325416998
1710549891
6102245142
0.280314843
1661897959
4775811506
0.347982318
1310270080
3491910760
0.375230116
5.10. Total Operating Expense to Total Operating Income=Total Operating Expense/Total Operating Income
Total Operating Expense to Total Operating Income = Total Operating Expense/ Total Operating Income
Year
2012
2011
2010
2009
Islami Bank
Total Opr. Exp. Total Opr. Income
8888760686
6867179381
1.294383064
7291655115
20123408425
0.362346923
6107165143
15711946305
0.388695648
4545974409
12326862480
0.368786008
Dhaka Bank
2179124169
5614359565
0.388134059
2001186925
6408962823
0.312248172
1714736557
5555178105
0.308673552
1424451281
4234778143
0.336369754
AB Bank
4299072880
9018446529
0.476697718
3721888665
5342681167
0.696633123
3771864399
12004676278
0.314199593
2466194320
8268590576
0.298260544
Sonali Bank
11017305265
23408659346
0.470650843
12100161986
20588351730
0.58771883
9455453224
16765920440
0.563968633
7538246741
12655130835
0.595667231
Marcantile Bank
2759976482
6110758679
0.451658563
2600572794
6102245142
0.426166556
1928685597
4775811506
0.403844581
1580212891
3491910760
0.452535302
5.11. Provision and Tax to Net Interest Income

Provision and Tax to Net Interest Income = EBAPT/Total Operating Income
Year
2012
2011
2010
2009
Islami Bank
EBAPT
Total Opr.Income
15780219439
6867179381
2.297918631
EBAPT
Total Opr.Income
12831753310
20123408425
0.637653077
EBAPT
Total Opr.Income
9604781162
15711946305
0.611304352
EBAPT
Total Opr.Income
7780888071
12326862480
0.631213992
Dhaka Bank
EBAPT
Total Opr.Income
3435235396
5614359565
0.611865941
EBAPT
Total Opr.Income
4407775898
6408962823
0.687751828
EBAPT
Total Opr.Income
3840441548
5555178105
0.691326448
EBAPT
Total Opr.Income
2810326862
4234778143
0.663630246
AB Bank
EBAPT
Total Opr.Income
4719373649
9018446529
0.523302282
EBAPT
Total Opr.Income
1620792502
5342681167
0.303366877
EBAPT
Total Opr.Income
8232811879
12004676278
0.685800407
EBAPT
Total Opr.Income
5802396256
8268590576
0.701739456
Sonali Bank
EBAPT
Total Opr.Income
123991354081
23408659346
5.296815689
EBAPT
Total Opr.Income
8488189744
20588351730
0.41228117
EBAPT
Total Opr.Income
7310467216
16765920440
0.436031367
EBAPT
Total Opr.Income
5116884094
12655130835
0.404332769
Marcantile Bank
EBAPT
Total Opr.Income
3350782197
6110758679
0.548341437
EBAPT
Total Opr.Income
3501672794
6102245142
0.573833517
EBAPT
Total Opr.Income
2847125909
4775811506
0.596155419
EBAPT
Total Opr.Income
1911697869
3491910760
0.547464698
Sonali Bank
EAPT
TOI
9957218908
23408659346
0.425364766
EAPT
TOI
974510314
20588351730
0.04733309
EAPT
TOI
1536766608
16765920440
0.09166014
EAPT
TOI
974714115
12655130835
0.077021259
Marcantile Bank
EAPT
TOI
1381451043
6110758679
0.226068663
EAPT
TOI
1734172348
6102245142
0.284185952
EAPT
TOI
1425338409
4775811506
0.298449469
EAPT
TOI
807516869
3491910760
0.231253581
5.12. EAPT to TOIEAPT to TOI = EAPT/TOI

Year
2012
2011
2010
2009
AB Bank
EAPT
TOI
5616753481
6867179381
0.817912737
EAPT
TOI
4624593651
20123408425
0.229811648
EAPT
TOI
4485479878
15711946305
0.285482129
EAPT
TOI
3403551874
12326862480
0.27610853
Dhaka Bank
EAPT
788629626
0.140466534
EAPT
2242648272
0.349923745
EAPT
1678976188
0.302236248
EAPT
959372816
0.226546181
TOI
5614359565
TOI
6408962823
TOI
5555178105
TOI
4234778143
AB Bank
EAPT
TOI
1461809025
9018446529
0.162091001
EAPT
TOI
1390385050
5342681167
0.260241067
EAPT
TOI
3989519974
12004676278
0.332330492
EAPT
TOI
3362556000
8268590576
0.406666163
5.13. EBT to TOI

EBT to TOI = EBT/TOI
Year
2012
2011
2010
2009
Islami Bank
EBT
TOI
12237183101
6867179381
1.781980988
EBT
TOI
10158361485
20123408425
0.504803226
EBT
TOI
8489792032
15711946305
0.540339934
EBT
TOI
6517658253
12326862480
0.528736186
Dhaka Bank
EBT
1594089683
0.283930814
EBT
3767390033
0.587831469
EBT
2917495336
0.525184842
EBT
2135443043
0.504263263
TOI
5614359565
TOI
6408962823
TOI
5555178105
TOI
4234778143
AB Bank
EBT
3496269222
0.387679764
EBT
3472557128
0.649965255
EBT
7109116175
0.592195575
EBT
5204896257
0.629478048
TOI
9018446529
TOI
5342681167
TOI
12004676278
TOI
8268590576
Sonali Bank
EBT
TOI
9842208365
23408659346
0.420451604
EBT
TOI
2091762212
20588351730
0.101599304
EBT
TOI
2244267216
16765920440
0.133858873
EBT
TOI
1336400287
12655130835
0.10560146
Marcantile Bank
EBT
TOI
2381451043
6110758679
0.389714464
EBT
TOI
3004172348
6102245142
0.492306074
EBT
TOI
2435925909
4775811506
0.510054868
EBT
TOI
1662776869
3491910760
0.476179657
Sonali Bank
EAT
9957218908
1.810483508
EAT
974510314
0.262698658
EAT
1536766608
0.816091488
EAT
974714115
1.128053474
Marcantile Bank
EAT
NII
1381451043
1988544743
0.694704531
EAT
NII
1734172348
1710549891
1.013809861
EAT
NII
1425338409
1661897959
0.857656995
EAT
NII
807516869
1310270080
0.61629803
5.14. EAT to NIIEAT to Net Interest = EAT/NII(Net Interest Income)

Year
2012
2011
2010
2009
Islami Bank
EAT
NII
12237183101
17801800744
0.687412654
EAT
NII
10158361485
13618314359
0.745933837
EAT
NII
8489792032
10294374042
0.824702114
EAT
NII
6517658253
8239537047
0.791022386
Dhaka Bank
EAT
788629626
0.284660612
EAT
2242648272
0.933557351
EAT
1678976188
0.682382907
EAT
959372816
0.465759571
NII
2770420606
NII
2402260845
NII
2460460498
NII
2059802688
AB Bank
EAT
1461809025
0.383613156
EAT
1390385050
0.418372776
EAT
3989519974
0.976641685
EAT
3362556000
1.156290489
NII
3810633196
NII
3323316259
NII
4084937223
NII
2908054707
NII
5499756759
NII
3709612834
NII
1883081284
NII
864067296
5.15. EAT to TOIEAT to TOI = EAT/TOI

Year
2012
2011
2010
2009
Islam Bank
EAT
TOI
12237183101
6867179381
1.781980988
EAT
TOI
10158361485
20123408425
0.504803226
EAT
TOI
8489792032
15711946305
0.540339934
EAT
TOI
6517658253
12326862480
0.528736186
Dhaka Bank
EAT
788629626
0.140466534
EAT
2242648272
0.349923745
EAT
1678976188
0.302236248
EAT
959372816
0.226546181
TOI
5614359565
TOI
6408962823
TOI
5555178105
TOI
4234778143
AB Bank
EAT
TOI
1461809025
9018446529
0.162091001
EAT
TOI
1390385050
5342681167
0.260241067
EAT
TOI
3989519974
12004676278
0.332330492
EAT
TOI
3362556000
8268590576
0.406666163
Sonali Bank
EAT
TOI
9957218908
23408659346
0.425364766
EAT
TOI
974510314
20588351730
0.04733309
EAT
TOI
1536766608
16765920440
0.09166014
EAT
TOI
974714115
12655130835
0.077021259
Marcantile Bank
EAT
TOI
1381451043
6110758679
0.226068663
EAT
TOI
1734172348
6102245142
0.284185952
EAT
TOI
1425338409
4775811506
0.298449469
EAT
TOI
807516869
3491910760
0.231253581
5.16. Retention RatioThe retention ratio formula is an important component to other financial formulas,
particularly growth formulas. The retention ratio formula looks at how much is kept by
the Bank, as opposed to being paid out to common stock shareholders. Whatever
amount the Bank retains, will be reinvested for growth in the Bank. A Bank's retained
earnings could be considered an opportunity cost of paying dividends for stockholders
to invest elsewhere.
Retention Ratio = Retained Earnings/NI
Year
2012
2011
2010
2009
Islami Bank
Retained Earning
NI
3033205973
8632703554
0.35136223
Retained Earning
NI
3015952005
7249522456
0.416020783
Retained Earning
NI
2616599517
4485479878
0.583348847
Retained Earning
NI
1853280000
3403551874
0.544513517
Dhaka Bank
Retained Earning
0
0
Retained Earning
0
0
Retained Earning
0
0
Retained Earning
0
0
AB Bank
NI
Retained Earning
516515831
5261734530
6.24253739
NI
Retained Earning
1511819326
5369629897
3.849907434
NI
Retained Earning
1095477121
4979826528
1.808394979
NI
Retained Earning
532284207
3541969135
15.19221035
Sonali Bank
NI
Retained Earning
NI
842883943
12795033247
12795033247
1
NI
Retained Earning
NI
1394742598
4806256012
4806256012
1
NI
Retained Earning
NI
2753727248
13873896883
4034984697
3.438401363
NI
Retained Earning
NI
233143766
9353019515
2948218089
3.172431358
Marcantile Bank
Retained Earning
NI
940752627
1417042835
0.663884396
Retained Earning
NI
1177808581
1778643051
0.662195026
Retained Earning
NI
940356103
1427541285
0.658724279
Retained Earning
NI
477053776
809593776
0.589250795
5.17. Time Interest Earned RatioTimes interest earned or interest coverage ratio is the ratio of earnings before interest
and tax (EBIT) of a business to its interest expense during a period. It is a solvency
ratio measuring the long term viability of a business to pay off its debts.
Time Interest Earned Ratio = EBAPT/Interest Expense
Year
2012
2011
2010
2009
Islami Bank
EBAPT
Interest Expense
15780219439
25870425237
0.609971398
EBAPT
Interest Expense
12831753310
18401218085
0.697331734
EBAPT
Interest Expense
9604781162
14471890918
0.663685293
EBAPT
Interest Expense
7780888071
13076994556
0.595005835
Dhaka Bank
EBAPT
Interest Expense
3435235396
10598442925
0.324126423
EBAPT
Interest Expense
4407775898
7610560989
0.579165702
EBAPT
Interest Expense
3840441548
4944107729
0.776771413
EBAPT
Interest Expense
2810326862
5406545979
0.519800788
AB Bank
EBAPT
Interest Expense
4719373649
12686931403
0.371987008
EBAPT
Interest Expense
1620792502
10472018461
0.154773648
EBAPT
Interest Expense
8232811879
6631922938
1.241391367
EBAPT
Interest Expense
5802396256
6139114501
0.945151985
Sonali Bank
EBAPT
Interest Expense
123991354081
22402387574
5.53473837
EBAPT
Interest Expense
8488189744
19131795895
0.443669261
EBAPT
Interest Expense
7310467216
15800026939
0.46268701
EBAPT
Interest Expense
5116884094
13965929070
0.366383365
Marcantile Bank
EBAPT
Interest Expense
3350782197
10556793170
0.317405309
EBAPT
Interest Expense
3501672794
8022131491
0.436501545
EBAPT
Interest Expense
2847125909
5176002117
0.55006274
EBAPT
Interest Expense
1911697869
4755901859
0.401963271
5.18. Return on equity (ROE)Return on equity (ROE) measures the rate of return on the ownership interest
(shareholders' equity) of the common stock owners. It measures a firm's efficiency at
generating profits from every unit of shareholders' equity (also known as net assets or
assets minus liabilities). ROE shows how well a Bank uses investment funds to generate
earnings growth. ROEs between 15% and 20% are generally considered good.
ROE = Net Income/Total Equity
Year
2012
2011
2010
2009
Islami Bank
Net Income
Total Equity
8632703554
39661364763
0.217660275
Net Income
Total Equity
7249522456
361761849327
0.020039489
Net Income
Total Equity
4485479878
23516276731
0.190739373
Net Income
Total Equity
3403551874
20105543853
0.169284248
Dhaka Bank
Net Income
Total Equity
516515831
9786311177
0.05277942
Net Income
Total Equity
1511819326
9293796879
0.162669719
Net Income
Total Equity
1095477121
6579729388
0.166492732
Net Income
Total Equity
532284207
4965681970
0.107192569
AB Bank
Net Income
Total Equity
842883943
16202271149
0.05202258
Net Income
Total Equity
1394742598
14996790269
0.093002741
Net Income
Total Equity
2753727248
14150624664
0.194601109
Net Income
Total Equity
233143766
10086522932
0.023114384
Sonali Bank
Net Income
Total Equity
12795033247
56092302905
0.228106756
Net Income
Total Equity
4806256012
37410897122
0.128472087
Net Income
Total Equity
4034984697
30475358113
0.132401552
Net Income
Total Equity
2948218089
24417714137
0.120740954
Marcantile Bank
Net Income
Total Equity
1417042835
10924549884
0.129711782
Net Income
Total Equity
1778643051
9659333276
0.184137248
Net Income
Total Equity
1427541285
7185685263
0.1986646
Net Income
Total Equity
809593776
4296251741
0.188441885
5.19. Return on assets (ROA)

The return on assets (ROA) percentage shows how profitable a Bank's assets are in
generating revenue.
ROA=EAT/Total Assets
Year
2012
2011
2010
2009
Islami Bank
EAT
Total Assets
12237183101
482649491467
0.025354182
EAT
Total Assets
10158361485
389375604220
0.026088849
EAT
Total Assets
8489792032
330785171734
0.025665576
EAT
Total Assets
6517658253
278302839706
0.023419302
Dhaka Bank
EAT
Total Assets
788629626
133616109915
0.005902205
EAT
Total Assets
2242648272
105006781780
0.021357176
EAT
Total Assets
1678976188
90139480260
0.018626424
EAT
Total Assets
959372816
77767413094
0.012336437
AB Bank
EAT
Total Assets
1461809025
175517312012
0.008328575
EAT
Total Assets
1390385050
154404751242
0.009004807
EAT
Total Assets
3989519974
133706824449
0.029837819
EAT
Total Assets
3362556000
106912312383
0.031451532
Sonali Bank
EAT
Total Assets
9957218908
695192109076
0.014322975
EAT
Total Assets
974510314
620514960910
0.001570486
EAT
Total Assets
1536766608
543969267865
0.002825098
EAT
Total Assets
974714115
492946148318
0.001977324
Marcantile Bank
EAT
Total Assets
1381451043
154040183191
0.008968121
EAT
Total Assets
1734172348
116553013887
0.014878829
EAT
Total Assets
1425338409
87140109470
0.016356858
EAT
Total Assets
807516869
66166515602
0.012204313
5.20. Return on Investment (ROI)A performance measure used to evaluate the efficiency of an investment or to
compare the efficiency of a number of different investments. To calculate ROI, the
benefit (return) of an investment is divided by the cost of the investment; the result is
expressed as a percentage or a ratio.
ROI=NI/Total Investment
Year
2012
2011
2010
2009
Islami Bank
NI
Total Investment
8632703554
25560064458
0.337741854
NI
Total Investment
7249522456
16853296480
0.430154567
NI
Total Investment
4485479878
13471200872
0.332968079
NI
Total Investment
3403551874
11136610399
0.305618294
Dhaka Bank
NI
Total Investment
516515831
19540194015
0.026433506
NI
Total Investment
1511819326
10544416526
0.14337629
NI
Total Investment
1095477121
8441807611
0.129768075
NI
Total Investment
532284207
8659565948
0.06146777
AB Bank
NI
Total Investment
842883943
26949597279
0.031276309
NI
Total Investment
1394742598
22848125659
0.061044071
NI
Total Investment
2753727248
15048539567
0.182989667
NI
Total Investment
233143766
16369303226
0.014242742
Sonali Bank
NI
Total Investment
12795033247
134075750559
0.095431375
NI
Total Investment
4806256012
111745095461
0.04301089
NI
Total Investment
4034984697
113479966309
0.035556802
NI
Total Investment
2948218089
95093241199
0.031003445
Marcantile Bank
NI
Total Investment
1417042835
41314194597
0.034299176
NI
Total Investment
1778643051
24645376621
0.072169441
NI
Total Investment
1427541285
10937201791
0.130521619
NI
Total Investment
809593776
9664722134
0.083767931
5.21. Credit Deposit Ratio

A commonly used statistic for assessing a bank's liquidity by dividing the banks total
loans by its total deposits. This number, also known as the LTD ratio, is expressed as a
percentage. If the ratio is too high, it means that banks might not have enough
liquidity to cover any unforeseen fund requirements; if the ratio is too low, banks may
not be earning as much as they could be.
Credit Deposit Ratio = Total Loans And Advances/Total Deposits
Year
2012
2011
2010
2009
Islami Bank
Total Loan & adv Total Deposit
372920722887
417845688579
0.892484314
305790180873
341855262815
0.894501896
261725131026
291937493665
0.896510851
11136610399
244292144333
0.045587264
Dhaka Bank
Total Loan & adv
Total Deposit
87762745239
109427151290
0.80201983
Total Loan & adv
Total Deposit
73746335015
86276888686
0.854763496
Total Loan & adv
Total Deposit
61153529522
72420380740
0.844424303
Total Loan & adv
Total Deposit
51343861849
60918374023
0.842830471
AB Bank
Total Loan & adv
Total Deposit
113662985698
139908043708
0.812412086
Total Loan & adv
Total Deposit
102470139418
115825485296
0.884694238
Total Loan & adv
Total Deposit
96433238729
94780200605
1.017440754
Total Loan & adv
Total Deposit
70879933445
83087129113
0.853079583
Sonali Bank
Total Loan & adv
Total Deposit
345991348911
533192166553
0.648905537
Total Loan & adv
Total Deposit
286098070161
478134084948
0.598363679
Total Loan & adv
Total Deposit
254022504699
406151569403
0.625437703
Total Loan & adv
Total Deposit
231166579465
364385970931
0.634400328
Marcantile Bank
Total Loan & adv
Total Deposit
93610874413
118106883704
0.792594568
Total Loan & adv
Total Deposit
79999799464
94102832878
0.850131681
Total Loan & adv
Total Deposit
66377697326
73739392053
0.900166051
Total Loan & adv
Total Deposit
48295546954
55553083656
0.869358527
5.22. Debt Ratio

Debt Ratio is a financial ratio that indicates the percentage of a Bank's assets that are
provided via debt. It is the ratio of totaldebt (the sum of currentliabilities and longterm
liabilities) and totalassets (the sum of currentassets, fixedassets, and other assets such as
'goodwill').
Debt Ratio = Total Debts/Total Assets

Year
2012
2011
2010
2009
Islami Bank
TD
TA
442988126704
482649491467
0.91782574
TD
TA
361761849327
389375604220
0.929081959
TD
TA
307268895003
330785171734
0.928907706
TD
TA
258197295853
278302839706
0.927756598
Dhaka Bank
TD
TA
123829798738
133616109915
0.926758
TD
TA
95712984901
105006781780
0.911493365
TD
TA
83559750872
90139480260
0.927005022
TD
TA
72801731124
77767413094
0.936147008
AB Bank
TD
TA
159315040863
175517312012
0.907688473
TD
TA
139407960975
154404751242
0.902873518
TD
TA
119556199785
133706824449
0.894166773
TD
TA
96825789451
106912312383
0.905656115
Sonali Bank
TD
TA
639099806171
695192109076
0.919313953
TD
TA
104943593203
620514960910
0.169123389
TD
TA
513493909752
543969267865
0.943975956
TD
TA
468528434181
492946148318
0.950465757
Marcantile Bank
TD
TA
143115633307
154040183191
0.92907987
TD
TA
106893680611
116553013887
0.917124981
TD
TA
79954424207
87140109470
0.917538717
TD
TA
61870263861
66166515602
0.935069095
5.23. Debt-to-equity ratioThe debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of
shareholders' equity and debt used to finance a Bank's assets. Closely related to
leveraging, the ratio is also known as Risk, Gearing or Leverage. The two components
are often taken from the firm's balance sheet or statement of financial position (socalled book value), but the ratio may also be calculated using market values for both,
if the Bank's debt and equity are publicly traded, or using a combination of book value
for debt and market value for equity financially.
Debt Equity Ratio = Total Debt (TD)/ Total Equity (TE)
Year
2012
2011
2010
2009
Islami Bank
TD
TE
442988126704
39661364763
11.1692608
TD
TE
361761849327
361761849327
1
TD
TE
307268895003
23516276731
13.06622211
TD
TE
258197295853
20105543853
12.84209459
Dhaka Bank
TD
123829798738
12.65336821
TD
95712984901
10.29858799
TD
83559750872
12.69957257
TD
72801731124
14.66097337
TE
9786311177
TE
9293796879
TE
6579729388
TE
4965681970
AB Bank
TD
TE
159315040863
16202271149
9.832883267
TD
TE
139407960975
14996790269
9.295853211
TD
TE
119556199785
14150624664
8.448828417
TD
TE
96825789451
10086522932
9.599521074
Sonali Bank
TD
TE
639099806171
56092302905
11.39371666
TD
TE
104943593203
37410897122
2.805161097
TD
TE
513493909752
30475358113
16.84947911
TD
TE
468528434181
24417714137
19.18805469
Marcantile Bank
TD
TE
143115633307
10924549884
13.10036888
TD
TE
106893680611
9659333276
11.0663622
TD
TE
79954424207
7185685263
11.12690318
TD
TE
61870263861
4296251741
14.40098663
5.24. Return on loans (ROL)

Return on Loans = Interest Income/Loans
Year
2012
2011
2010
2009
Islami bank
Interest Income
Loans
43672225981
372920722887
0.117108606
Interest Income
Loans
32019532444
305790180873
0.104710793
Interest Income
Loans
24766264960
261725131026
0.094627004
Interest Income
Loans
21370531603
11136610399
1.918943991
Dhaka Bank
Interest Income
13368863531
0.148311752
Interest Income
10012821834
0.131776626
Interest Income
7404568227
0.116439797
Interest Income
7466348667
0.141114627
AB Bank
Loans
Interest Income
Loans
90140284573
16479564598
113662985698
0.144986202
Loans
Interest Income
Loans
75983291662
13795334719
102470139418
0.134627852
Loans
Interest Income
Loans
63591387406
10716860160
96433238729
0.11113243
Loans
Interest Income
Loans
52909814017
9047169208
70879933445
0.127640769
Sonali Bank
Interest Income
Loans
27902144333
345991348911
0.080644052
Interest Income
Loans
22841408729
286098070161
0.079837689
Interest Income
Loans
17683108223
254022504699
0.069612369
Interest Income
Loans
13101861774
231166579465
0.056677145
Marcantile Bank
Interest Income
Loans
12545337913
93610874413
0.134015818
Interest Income
Loans
9732681382
79999799464
0.121658822
Interest Income
Loans
6837900076
66377697326
0.103015024
Interest Income
Loans
6066171939
48295546954
0.125605202
6.0. BENCHMARK ANALYSIS:

6.1. Cash to Total Assests:
Cash to Total Assets
0.16
0.14
0.12
0.1
0.08
0.06
0.04
0.02
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.086551449
0.081832724
0.054825853
0.094412425
0.077999916
2011
0.104351464
0.09057042
0.060629634
0.053553317
0.059596095
2010
0.118062744
0.097287892
0.049479806
0.05223816
0.055968704
2009
0.134693805
0.06475334
0.050086669
0.041873929
0.072395458
6.2. Balance with Other Bank and FI:
Balance with Other Bank and FI

0.12
0.1
0.08
0.06
0.04
0.02
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.050813134
0.036826963
0.042580215
0.018126583
0.004057483
2011
0.043282877
0.031820062
0.043361445
0.064622689
0.00552414
2010
0.021508559
0.053687457
0.036312846
0.019513467
0.010426309
2009
0.027589993
0.105762384
0.032682093
0.020245046
0.015383392
6.3. Investment to Total Assets:
Investment to Total Assets

0.3
0.25
0.2
0.15
0.1
0.05
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.052957819
0.146241303
0.153543813
0.192861439
0.268204008
2011
0.043282877
0.100416529
0.147975535
0.18008445
0.211452075
2010
0.040724924
0.093652721
0.112548777
0.208614664
0.125512831
2009
0.040016158
0.111352115
0.153109617
0.192907971
0.146066663
6.4. Loans to Total Assets:
Loans to Total Assets

0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.772653301
0.674621381
0.647588459
0.497691709
0.607704253
2011
0.785334719
0.72360366
0.663646284
0.461065547
0.686381217
2010
0.791223892
0.705477636
0.721228996
0.466979515
0.761735299
2009
0.040016158
0.680359702
0.662972597
0.468948952
0.729909177
6.5. Borrowing from OB and FI:
Borrowing from OB and FI

0.14
0.12
0.1
0.08
0.06
0.04
0.02
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.046005711
0.025841767
0.003280025
0.120974065
2011
0.026623761
0.076740162
0.000251427
0.055913156
2010
0.052245709
0.118776245
0.000117089
0.010806703
2009
0.047935115
0.063259606
0.001165256
0.029785322
6.6. Deposits to Liabilities:
Deposits to Liabilities
5
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.943243539
0.883689971
0.878184777
0.834286228
0.825254942
2011
0.944973229
0.90141258
0.830838386
4.556105526
0.880340469
2010
0.950104285
0.866689764
0.792766923
0.790956936
0.922267814
2009
0.946145247
0.836770954
0.858109493
0.777724348
0.897896343
6.7. Shareholders Equity to Total Liabilities:
Shareholders Equity to Total Liabilities

3
2.5
1.5
0.5
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
0.08217426
0.073242
2.611469605
0.080686047
0.07092013
2011
0.070918041
0.088506635
0.097222741
0.068773917
0.082875019
2010
0.071092294
0.072994978
0.1058052
0.056024044
0.082461283
2009
0.072243402
0.063852992
0.094343885
0.049534243
0.064930905
6.8. Interest Expense to Interest Income:
Marcantile Bank
Interest Expense to Interest Income

1.2
0.8
0.6
0.4
0.2
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
0.592377069
0.792770672
0.76985841
0.802891251
Marcantile Bank
0.841491337
2011
0.574687282
0.760081535
0.759098541
0.837592642
0.824246801
2010
0.584338855
0.66771047
0.618830781
0.893509599
0.756957847
2009
0.611917139
0.724121819
0.678567446
1.065949963
0.784003801
Marcantile Bank
6.9. Interest Income to Total Operating Income:
Interest Income to Total Operating Income

3
2.5
1.5
0.5
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
2.592301694
0.49345265
0.422537649
0.234945397
0.325416998
2011
0.676739947
0.374828332
0.622031552
0.180180176
0.280314843
2010
0.65519407
0.442912982
0.340278832
0.11231601
0.347982318
2009
0.672801945
0.486401558
0.35169896
0.068278022
0.375230116
6.10. Operating Expense to Total Operating Income:
Operating Expense to Total Operating Income

1.4
1.2
0.8
0.6
0.4
0.2
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
1.294383064
0.388134059
0.476697718
0.470650843
0.451658563
2011
0.362346923
0.312248172
0.696633123
0.58771883
0.426166556
2010
0.388695648
0.308673552
0.314199593
0.563968633
0.403844581
2009
0.368786008
0.336369754
0.298260544
0.595667231
0.452535302
6.11. Provision and Tax to Net Interest Income:
Provision and Tax to Net Interest Income

6
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
2.297918631
0.611865941
0.523302282
5.296815689
0.548341437
2011
0.637653077
0.687751828
0.303366877
0.41228117
0.573833517
2010
0.611304352
0.691326448
0.685800407
0.436031367
0.596155419
2009
0.631213992
0.663630246
0.701739456
0.404332769
0.547464698
6.12. EAPT to TOI:
EAPT to TOI
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.817912737
0.140466534
0.162091001
0.425364766
0.226068663
2011
0.229811648
0.349923745
0.260241067
0.04733309
0.284185952
2010
0.285482129
0.302236248
0.332330492
0.09166014
0.298449469
2009
0.27610853
0.226546181
0.406666163
0.077021259
0.231253581
6.13. EBT to TOI:
EBT to TOI
2
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
1.781980988
0.283930814
0.387679764
0.420451604
0.389714464
2011
0.504803226
0.587831469
0.649965255
0.101599304
0.492306074
2010
0.540339934
0.525184842
0.592195575
0.133858873
0.510054868
2009
0.528736186
0.504263263
0.629478048
0.10560146
0.476179657
6.14. EAT to Net Interest:
EAT to Net Interest

2
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.687412654
0.284660612
0.383613156
1.810483508
0.694704531
2011
0.745933837
0.933557351
0.418372776
0.262698658
1.013809861
2010
0.824702114
0.682382907
0.976641685
0.816091488
0.857656995
2009
0.791022386
0.465759571
1.156290489
1.128053474
0.61629803
6.15. EAT to TOI:
EAT to TOI
2
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
1.781980988
0.140466534
0.162091001
0.425364766
0.226068663
2011
0.504803226
0.349923745
0.260241067
0.04733309
0.284185952
2010
0.540339934
0.302236248
0.332330492
0.09166014
0.298449469
2009
0.528736186
0.226546181
0.406666163
0.077021259
0.231253581
6.16. Retention Ratio:
Retention Ratio
16
14
12
10
8
6
4
2
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
0.35136223
6.24253739
Marcantile Bank
0.663884396
2011
0.416020783
3.849907434
0.662195026
2010
0.583348847
1.808394979
3.438401363
0.658724279
2009
0.544513517
15.19221035
3.172431358
0.589250795
6.17. Time Interest Earned Ratio:
Time Interest Earned Ratio

6
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
0.609971398
0.324126423
0.371987008
5.53473837
0.317405309
2011
0.697331734
0.579165702
0.154773648
0.443669261
0.436501545
2010
0.663685293
0.776771413
1.241391367
0.46268701
0.55006274
2009
0.595005835
0.519800788
0.945151985
0.366383365
0.401963271
6.18. Return on Equity:
Marcantile Bank
ROE
0.25
0.2
0.15
0.1
0.05
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
2012
0.217660275
0.05277942
0.05202258
0.228106756
Marcantile Bank
0.129711782
2011
0.020039489
0.162669719
0.093002741
0.128472087
0.184137248
2010
0.190739373
0.166492732
0.194601109
0.132401552
0.1986646
2009
0.169284248
0.107192569
0.023114384
0.120740954
0.188441885
6.19. Return on Assets:
ROA
0.035
0.03
0.025
0.02
0.015
0.01
0.005
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
2012
0.025354182
0.005902205
0.008328575
0.014322975
0.008968121
2011
0.026088849
0.021357176
0.009004807
0.001570486
0.014878829
2010
0.025665576
0.018626424
0.029837819
0.002825098
0.016356858
2009
0.023419302
0.012336437
0.031451532
0.001977324
0.012204313
6.20. Return on Investments:
ROI
0.5
0.45
0.4
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
Series1
0.337741854
0.026433506
0.031276309
0.095431375
0.034299176
Series2
0.430154567
0.14337629
0.061044071
0.04301089
0.072169441
Series3
0.332968079
0.129768075
0.182989667
0.035556802
0.130521619
Series4
0.305618294
0.06146777
0.014242742
0.031003445
0.083767931
6.21. Credit Deposit Ratio:
Credit Deposit Ratio

1.2
0.8
0.6
0.4
0.2
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Series1
0.892484314
0.80201983
0.812412086
0.648905537
0.792594568
Series2
0.894501896
0.854763496
0.884694238
0.598363679
0.850131681
Series3
0.896510851
0.844424303
1.017440754
0.625437703
0.900166051
Series4
0.045587264
0.842830471
0.853079583
0.634400328
0.869358527
6.22. Debt Ratio:
Marcantile Bank
Debt Ratio
1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Series1
0.91782574
0.926758
0.907688473
0.919313953
Marcantile Bank
0.92907987
Series2
0.929081959
0.911493365
0.902873518
0.169123389
0.917124981
Series3
0.928907706
0.927005022
0.894166773
0.943975956
0.917538717
Series4
0.927756598
0.936147008
0.905656115
0.950465757
0.935069095
6.23. Debt Equity Ratio:
Debt Equity Ratio

25
20
15
10
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
Series1
11.1692608
12.65336821
9.832883267
11.39371666
13.10036888
Series2
10.29858799
9.295853211
2.805161097
11.0663622
Series3
13.06622211
12.69957257
8.448828417
16.84947911
11.12690318
Series4
12.84209459
14.66097337
9.599521074
19.18805469
14.40098663
6.24. Return on Loans:
Return on Loans
2.5
1.5
0.5
Islami bank
Dhaka Bank
AB Bank
Sonali Bank
Marcantile Bank
Series1
0.117108606
0.148311752
0.144986202
0.080644052
0.134015818
Series2
0.104710793
0.131776626
0.134627852
0.079837689
0.121658822
Series3
0.094627004
0.116439797
0.11113243
0.069612369
0.103015024
Series4
1.918943991
0.141114627
0.127640769
0.056677145
0.125605202
7.0.SWOTANALYSIS:
7.1.MercantileBankLtd.
Strength
Integrity: Mercantile is committed to conduct that reflects the highest standard of

integrityineverythingtodo.
Teamwork: It is the essence of Mercantiles ability to succeed as a trusted and

preferred provider of financial solutions to their clients. Mercantiles overriding
loyalty is to the good of the whole organization. Mercantile learn from each other
and share their skills and resources across organizational boundaries for their
stakeholdersbenefitandtheirown.
Respect: Mercantile respect every individual. They draw strength from equal
opportunity at the same time supporting personal growth and development.
Mercantilevalueandallbenefitfromtheentrepreneurialspritofeachindividual.
Professionalism:Mercantilecommittedtothehigheststandardsofprofessionalism,
pursueinnovation.Mercantilecontinuallyquestforqualityateachlevel.Mercantile
isopentonewideasandactdecisivelyandconsistently.Mercantiledeterminedto
deliver outstanding quality so that they have long lasting relationships with their
clients.
Value Creation: Mercantile offer what creates and maximizes value to the
stakeholdersandthesociety.
Weaknesses
MercantileFinanceLimited,Ajointventuremultinationalfinancialinstitutionofits
businesssector,despiteitsITadvantages,couldleaveitweakinsomeareasdueto
thehugespanofcontrol.
Since Mercantile Finance Limited have various services across many sectors (such
as Apartment Loan, Home Construction Loan, Home Extension Loan, Home
Improvement Loan, Home Owners Loan, Annual Income Deposit, Annual Plus
Income, Monthly Income Deposit, Quarterly Income Deposit, Cumulative Deposit,
FlexibleFixedDeposit,ProfitFirstDeposit,EasyWayDeposit),itmaynothavethe
flexibilityofsomeofitsmorefocusedcompetitors.
The Bank is multinational, and has a few presence in relatively few districts
countrywide.
Opportunities
Toleadbyexamplethroughacommitmentthatempowerstheorganizationatevery
leveltostriveforthehighestlevelofquality,customercareandstakeholdervalue.
Tobethemostsoughtafterfacilitatorincreatingwealth.
TomaximizethevalueofbeingtheirCustomer,ShareholderorEmployee.
Toestablishstrongregionalpresence
Continuous improvement in operational processes through technological

advancement, employee capacity building and improvement through human
resourcesdevelopmentprograms,therebyensuingeffectiveandefficientutilization
orresourcestomaximizethevalueoftheBank.
Buildingsynergyamongresourcesandactivitiestoensuremaximumoutputsfrom
resourceinputs.
Threats
Timely adopt Enrichment of financial offering by introducing new product and

servicelinesthroughdiversificationbyotherfinancialinstitution.
Timely adopt Expansion of financial offerings by introducing new product and

serviceslinesthroughproperdiversificationandcustomizationofexistingproducts
and services for ensuring maximum market coverage to meet stakeholders needs
andexpectationbyotherfinancialinstitution.
The cost of producing many consumer products tends to have fallen because of
lowerservicecosts.Thishasleadtoservicecompetition,resultinginservicecharge
deflationinsomeranges.Intenseservicechargecompetitionisathreat.
Banksaredoingleasingbusinessandtheircostoffundismuchlower.
Weakpresenceinregional(Districtandsuburban)level.
7.2.DhakaBankLtd.
Strength
Dhaka BankLtd. (DBL) is the pioneer, largest and specialist in Housing Finance
institution in the private sector of the country. After commencing operation in the
early 1997, the Bank has, registered commendable growth in creating home
ownershipamongmorethan23,000familiesinDhakaandothermajorcitiesofthe
country.Atthesametime,theBankhasbeenplayinganactiveroleinpromotingthe
realestatesectortothelargecrosssectionsofprospectiveclientswhohadbutyet
unfulfilleddreamofowningasweethome.
The Bank has a core competence involving its use of information technology to
support its international logistics system. For example, it can see how individual
products are performing countrywide, branchbybranch at a glance. IT also
supportsDhakaBanksefficientprocurement.
A focused strategy is in place for human resource management and development.

PeoplearekeytoDhakaBanksbusinessanditinveststimeandmoneyintraining
people,andretainingadevelopingthem.
Weaknesses
Dhaka Bank is the countrys largest financial institution of its business sector,
despiteitsITadvantages,couldleaveitweakinsomeareasduetothehugespanof
control.
Since Dhaka Bank have various services across many sectors (such as Apartment
Loan, Home Construction Loan, Housing Plot Loan, Home Extension Loan, Home
Improvement Loan, Home Owners Loan, Annual Income Deposit, Annual Plus
Income, Monthly Income Deposit, Quarterly Income Deposit, Cumulative Deposit,
FlexibleFixedDeposit,ProfitFirstDeposit,EasyWayDeposit),itmaynothavethe
flexibilityofsomeofitsmorefocusedcompetitors.
TheBankisnational,buthasapresenceinrelativelyfewdistrictscountrywide.
Opportunities
To take over, merge with, or form strategic alliances with other global financial
institutions, focusing on specific markets such as Europe or the Greater China
Region.
The Institution is currently only trade in a relatively small number of districts.

Therefore there are tremendous opportunities for future business in expanding
consumermarkets,suchasChinaandIndia.
New locations and branches offer Dhaka Bank opportunities to exploit market
development.
OpportunitiesexistforDhakaBanktocontinuewithitscurrentstrategy.
Threats
Being one of the best financial institution means that you are the target of
competition,locallyandglobally.
Being anationalfinancialserviceprovidermeansthatyou are exposedtopolitical

problemsinthecountriesthatyouoperatein.
7.3.IslamiBankBangladeshLtd.
Strength
Growingcustomerbase.
Takelesstimeforprocessingloans.
Reputationforbetterservice.
InterestandprincipalbothareTaxdeductible.
ProtectshareholderscapitalaswellasmaximizethevalueoftheOrganization.
CommittedtothehigheststandardsofProfessionalism.
Abilitytosucceedasatrustedandpreferredprovideroffinancialsolutionstotheir
customers.
Weaknesses
CostoffundislittlebithigherthantheBanks
Cannotprovidebankingservicestothegeneralcustomers
Cannotprovidelargeloansaspaidupcapitalislimited.
TheBankisnationalbuthasapresenceinrelativelyfewdistrictscountrywide.
Opportunities
Toleadbyexamplethroughacommitmentthatempowerstheorganizationatevery
leveltostriveforthehighestlevelofquality,customercareandstakeholdervalue.
Toestablishstrongregionalpresence.
Toprovidevalueaddedfinancialservicestovaluedcustomers,strictlymaintaining
theethicalstandardinfinancialoperation.
Toprovidediversifiedfinancialserviceswithinthelegalandsocialframeworkwith
theaimofattainingthemissionwithquantitativetargetsinbusinessoperation.
Threats


7.4.ABBankLtd.
Strength
Besustainableandensuingqualityreturntovaluedshareholders.
Ensuregoodgovernanceandtransparency.
Strengthenourcapitalbaseandimprovedfundingposition.
Optimizethedeploymentoffundandcapitalacrosscorebusinessandsubsidiaries.
Weaknesses
ManageEnterpriseriskeffectively.
Cannotprovidebankingservicestothegeneralcustomers.
Driveconsumerfinancetoexcelthroughadifferentialstrategy.
Opportunities
InvestinbrandandpromoteourservicestochosenMarket
Togiveemphasisoncontinuousdevelopmentandvalueadditiontobecomeareal
friendofentrepreneursandremaincompetitiveinthefinancialservicesector
Toestablishstrongregionalpresence.
To be the leading financial institution of the country with diversified financial

servicescontributingtowardsdevelopmentofanenterprisingsociety.
Threats
Createcongenialworkenvironmenttodeliverthebestrespecttoothers.
Continuallyimprovekeyareasofcustomerservice.
7.5.SonaliBankLtd.
Strength
Growingcustomerbase.
Reputationforbetterservice.
InterestandprincipalbothareTaxdeductible.
Abilitytosucceedasatrustedandpreferredprovideroffinancialsolutionstotheir
customers.
Weaknesses
CostoffundislittlebithigherthantheBanks
Cannotprovidebankingservicestothegeneralcustomers
Cannotprovidelargeloansaspaidupcapitalislimited.
Opportunities
Toprovidevalueaddedfinancialservicestovaluedcustomers,strictlymaintaining
theethicalstandardinfinancialoperation.
Toprovidediversifiedfinancialserviceswithinthelegalandsocialframeworkwith
theaimofattainingthemissionwithquantitativetargetsinbusinessoperation.
Threats


8.0.CONCLUSIONANDRECOMMENDATION:
The maximum respondents have some problems regarding the Industrial loan financing.
Highinterestrateisthemajorproblemforthecommercialvehicle,machineryandhouse
building financing. There is also having some problems. The problems are high service
charge.ThemaximumBanktake17%19%interestrates,whichisverymuchharmfulfor
theinvestments.AgainsttheproblemsofthecommercialvehicleleasinginBangladeshare
some solutions also find out from this survey. The respondents give their response about
thesolutionthosetypesoftheproblems.Themajorsolutioniscutdowntheinterestrateas
lowestaspossible.Inthesametimethedelinquentchargesshouldbechangedorcancels.
Islami Bank and Sonali should have upgraded web page with detail information about,
security,interestratesandonlineinquirysystem.Ifwecountonlyinterestrates,buyingat
ownmoney willbethebestoptionasinterestratesfor Equipmentleasing/loanis much
higher than the interest rates in deposit schemes. In the same time, if we consider the
opportunity cost, along with financial aspects like tax benefits and others, fixed deposits
should get the preference. Comparing to the other commercial bank, these five banks
provide the most suitable offer. Moreover, it is always the customers duty to choose the
bestandappropriateoptionforhimfromthedifferentofferingsbythefinancialinstitutions.
Marketingisanotheressentialthingforallcommercialbankatthismoment.Allthesebanks
shouldconcentrateoncostoffundandcapitalgrowth.
9.0REFERENCE:
Annual Audit Report 2009- 2012 of Mercantile Bank.
Annual Audit Report 2009 - 2012 of Dhaka Bank
Annual Audit Report 2009 - 2012 of AB Bank Ltd.
Annual Audit Report 2009 - 2012 of Islami Bank Bangladesh Ltd.
Annual Audit Report 2009 2012 of Sonali Bank Ltd.
Fundamental of Corporate Finance, Eighth Edition by Stephan A Ross,

Randolph W Westerfield, Bradford D Jordan
Managerial Accounting, Eleventh Edition by Garrison, Noreen, Brewer

Fundamental of Financial Management, Tenth Edition by Eugene F. Brigham,
Joel F. Houston
http://www.mblbd.com
http://www.dhakabankltd.com
http://www.islamibankbd.com
http://www.abbl.com
http://www.sonalibank.com.bd
http://www.investopedia.com/terms/c/cash-asset-ratio.asp#axzz20ljynpxF
http://www.independent-stock-investing.com/Financial-Ratios-2.html
http://www.accounting4management.com/financial_ratios_formulas.htm
http://www.accountingcoach.com/
http://www.accounting4management.com/working_capital_turnover_ratio.ht
m
http://www.financeformulas.net/Retention_Ratio.html
http://www.investopedia.com/terms/d/debtratio.asp#axzz22v1bWlRy
http://beginnersinvest.about.com/cs/financialratio/g/debttoequity.htm
http://www.marketingteacher.com/wordpress/swot-analysis/#lesson
http://www.answers.com/topic/financial-ratio#cite_note-7

Financial Performance

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Research Project

Course Code: MBA 700

Name: Muhammad Nazrul Islam

Date of Submission: August 13, 2013

UNIVERSITY OF INFORMATION TECHNOLOGY & SCIENCES (UITS)

RESEARCH PAPER ON COMPARATIVE STUDY OF 5

MERCANTILE BANK LTD,

UNIVERSITY OF INFORMATION TECHNOLOGY & SCIENCES (UITS)

PAPER ON COMPARATIVE STUDY OF 5

Muhammad Nazrul Islam

Certificate of The Project Guide

RESEARCH PAPER ON COMPARATIVE STUDY OF 5

COMMERCIAL BANKS OPERATING IN BANGLADESH

Prepared in partial accomplishment of the requirement for the award of the

Is a record of Extensive examine carried out

(Md. Nazmul Hasan)

RESEARCH PAPER ON COMPARATIVE STUDY OF 5

COMMERCIAL BANKS OPERATING IN BANGLADESH

Is approved and is suitable in eminence and figure.

(Md. Nazmul Hasan)

4.5. Sonali Bank Ltd: ............................................................................................................ 98

5.24. Return on loans (ROL)............................................................................................. 113

6.24. Return on Loans: ...................................................................................................... 125

2.0. OVERVIEW OF THE BANK:

MBL asthelargestprivatebankiscommitteesto continueits endeavorbyrapidly

2.Theinvestorisassuredofapredeterminedrate 2. In contrast, it promotes risk sharing

between provider of the capital (investor)

5.Lendingmoneyandgettingitbackwithinterest 5. Participation in partnership business is

charge any extra money from the

Notes to the Financial Statements For the year ended December

distributable income of the Bank. Bank charges compensation on overdue BaiMurabaha

Sonali Bank is operated by a board of directors, which is composed of seven

The vision of the bank is to poverty alleviation with the collaboration of

3.0. HORIZONTAL ANALYSIS:

Mercantile Bank Limited

Balance with other banks and financial institutions

Money at call and on short notice

Loans, advances and lease/investments

Loans, cash credits, overdrafts, etc/investments

Fixed assets including premises, furniture and fixtures

Deposits and other accounts

Current account and other accounts

Mercantile Bank Limited

Balance with other banks and financial institutions

Money at call and on short notice

Loans, advances and lease/investments

Loans, cash credits, overdrafts, etc/investments

Fixed assets including premises, furniture and fixtures

Equity attributable to equity holders of the parent company

Mercantile Bank Limited

Postage, stamps, telecommunication, etc

Depreciation and repairs of Bank's assets

Rent, taxes, insurance, electricity, etc

Stationery, printing, advertisement, etc

Charges on loan losses

Repair & Maintenance of Bank's Assets

Total operating expenses (b)

Profit before provision (c=a-b)

Provision against Classified Loans

Total provisions (d)

Profit before tax (c-d)

Provision for taxation

Net profit after tax