|
 |
|
|
|
|
|
|
Notes |
2009 |
|
2008 |
|
|
|
|
|
|
Taka |
|
Taka |
|
12. |
Other liabilities |
|
|
|
|
|
|
| |
Provision for income tax |
|
12.1 |
2,746,944,682 |
|
1,671,944,682 |
| |
Deferred Tax liablity |
|
12.2 |
35,450,000 |
|
26,800,000 |
| |
Benevolent fund. |
|
|
|
5,000,000 |
|
2,500,000 |
| |
Adjusting account credit balance |
|
|
49,099,432 |
|
53,504,268 |
| |
Special Blocked A/c. (Dc Note) |
|
|
8,559 |
|
- |
| |
Govt. guarantee fund for special agri credit. |
|
8,801,000 |
|
8,801,000 |
| |
Fund for credit on Nath Bank (Pak) Ltd. |
|
151,284 |
|
151,284 |
| |
Balance of exchange houses . |
|
|
639,613,597 |
|
488,369,016 |
| |
Reserve for unforeseen losses |
|
|
47,665,726 |
|
44,945,821 |
| |
Interim dividend payable |
|
|
223,054 |
|
223,054 |
| |
Audit fee payable |
|
|
250,000 |
|
250,000 |
| |
Advance deposit and advance rent. |
|
4,865,798 |
|
4,302,870 |
| |
Consumers credit risk fund & personal loan scheme |
17,976,499 |
|
17,719,009 |
| |
Excise duty payable |
|
|
953,870 |
|
370,725 |
| |
Cash assistance. |
|
|
64 |
|
27,963 |
| |
Bonus |
|
|
|
100,073,937 |
|
69,753,097 |
| |
Provision for classified loans and advances |
12.3.1 |
475,526,169 |
|
388,219,720 |
| |
General provision for un-classified advances |
12.3.2 |
434,600,000 |
|
404,600,000 |
| |
General provision on off-balance sheet exposures |
12.4 |
101,650,000 |
|
101,650,000 |
| |
Provision for classified other assets |
12.6 |
63,260,961 |
|
87,360,961 |
| |
Provision for classified fixed assets |
|
22,300,000 |
|
22,300,000 |
| |
Provision for diminution in value of Investment |
06.10 |
23,250,000 |
|
23,250,000 |
| |
Provision for unreconciled outstanding entries |
|
55,000,000 |
|
55,000,000 |
| |
Interest suspense account |
|
12.7 |
309,129,315 |
|
216,414,673 |
| |
Clearing house adjustment |
|
|
106,608 |
|
67,627 |
| |
SEDP fund mobilization account |
|
|
853,981 |
|
20,057 |
| |
Unearned Interest Income |
|
|
14,728,961 |
|
6,759,046 |
| |
Risk Fund (Lease A/c) |
|
|
589,700 |
|
200,000 |
| |
Un- claimed dividend '2003 |
|
|
4,774,650 |
|
4,910,300 |
| |
Un- claimed dividend '2004 |
|
|
4,152,543 |
|
4,245,161 |
| |
Un- claimed dividend '2005 |
|
|
1,899,990 |
|
1,945,206 |
| |
Un- claimed dividend '2006 |
|
|
6,467,971 |
|
6,823,174 |
| |
|
|
|
|
5,175,368,351 |
|
3,713,428,714 |
|
12.1 |
Provision for income tax |
|
|
|
|
|
| |
Provision |
|
|
|
|
|
|
| |
Provision held at the beginning of the year |
|
1,671,944,682 |
|
2,043,476,311 |
| |
Provision made during the year |
|
|
1,075,000,000 |
|
940,000,000 |
| |
Tax paid/adjustment |
|
|
- |
|
(1,311,531,629) |
| |
Balance at the end of the year |
|
|
2,746,944,682 |
|
1,671,944,682 |
| |
|
|
|
|
|
|
|
| |
|
| |
|
|
|
Notes |
2009 |
|
2008 |
| |
|
|
|
|
Taka |
|
Taka |
|
12.2 |
Deferred tax |
|
|
|
|
|
|
|
|
Deferred tax assets |
|
|
- |
|
- |
|
|
Opening Balance as on January 1,2009 |
|
- |
|
- |
|
|
Add: Addition during the year |
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liability |
|
|
35,450,000 |
|
26,800,000 |
|
|
Opening balance as on 1 January'2009 |
|
26,800,000 |
|
7,200,000 |
|
|
Add: Addition during the year |
|
|
8,650,000 |
|
19,600,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,450,000 |
|
26,800,000 |
|
|
|
|
|
|
|
|
|
|
12.3 |
Provision for classified loans and advances |
|
|
|
|
|
12.3.1 |
The movement in specific provision for Bad & Doubtful Debts |
|
|
|
|
|
Provision held at the beginning of the year |
|
388,219,720 |
|
455,901,594 |
|
|
Fully provided debts written off |
|
|
(202,693,551) |
|
(126,131,874) |
|
|
Recoveries of amounts previously written off |
|
- |
|
- |
|
|
Specific provision for the year |
|
|
290,000,000 |
|
150,000,000 |
|
|
Prov. transferred to general provision UC Loans & Adv. |
|
|
(34,100,000) |
|
|
Prov. transferred to general provision off balance sheet exp. |
|
|
(57,450,000) |
|
|
Recoveries and provision no longer required |
|
- |
|
- |
|
|
Net charge to profit and loss account |
|
- |
|
- |
|
|
|
|
|
|
475,526,169 |
|
388,219,720 |
|
12.3.2 |
The movement in general provision on unclassified loans &
advances |
|
|
|
|
Provision held at the beginning of the year |
|
404,600,000 |
|
370,500,000 |
|
|
Specific general provision for the year |
|
30,000,000 |
|
- |
|
|
Provision transferred from classified loans & advances |
- |
|
34,100,000 |
|
|
|
|
|
|
434,600,000 |
|
404,600,000 |
|
|
|
|
|
|
|
|
|
|
|
|
  |
|
910,126,169 |
|
792,819,720 |
|
12.4 |
Provision for Off Balance Sheet Exposures |
|
|
|
|
| |
Balance at the beginning of the year |
|
101,650,000 |
|
44,200,000 |
| |
Amount ransferred from Prov.for Bad Debts |
|
- |
|
57,450,000 |
| |
|
|
|
|
101,650,000 |
|
101,650,000 |
|
12.5 |
Provision for Gratuity |
|
|
|
|
|
| |
Opening balance 1,January-2009 |
|
|
- |
|
46,489,009 |
| |
Provision made during the year |
|
|
- |
|
- |
| |
Payment made during the year |
|
|
- |
|
(46,489,009) |
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
| |
Gratuity so calculated are transferred to the fund and charged
to expenses of the Bank. Gratuity of the bank has been
calculated as per BAS-19. |
|
12.6 |
Provision for classified other assets |
|
|
|
|
| |
Opening balance 1 January 2009 |
|
|
87,360,961 |
|
87,360,961 |
| |
Provision adjusted during the year |
|
(24,100,000) |
|
- |
| |
|
|
|
|
63,260,961 |
|
87,360,961 |
|
12.7 |
Interest suspense account |
|
|
|
|
|
| |
Balance at the end of the year |
|
|
216,414,673 |
|
188,952,604 |
| |
Amount transferred to "interest suspense A/c" during the year |
330,094,812 |
|
156,085,015 |
| |
Amount recovered from "interest suspense A/c" during the year |
(125,334,809) |
|
(26,275,823) |
| |
Amount written off during the year |
|
|
(112,045,361) |
|
(102,347,123) |
| |
|
|
|
|
309,129,315 |
|
216,414,673 |
|
|
|
|
|
|
2009 |
|
2008 |
|
|
|
|
|
|
Taka |
|
Taka |
|
13. |
CAPITAL |
|
|
|
|
|
|
|
13.1 |
Authorised capital |
|
|
|
|
|
| |
32,000,000 Ordinary Shares of Tk.100 each in the year 2009 |
3,200,000,000 |
|
1,600,000,000 |
|
|
|
|
|
|
3,200,000,000 |
|
1,600,000,000 |
|
13.2 |
Issued, subscribed and paid up capital |
|
|
|
|
|
|
79,86,592 Ordinary Shares of Tk. 100 each |
|
798,659,200 |
|
399,329,600 |
|
|
79,86,592 Ordinary Shares of Tk. 100 each issued as bonus shares |
798,659,200 |
|
399,329,600 |
|
|
|
|
|
|
1,597,318,400 |
|
798,659,200 |
|
|
|
|
|
|
|
|
|
|
13.3 |
Paid up capital as per shareholders category |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2009 |
2008 |
|
|
Particulars |
No. of shares |
Percentage |
Amount |
No. of shares |
Percentage |
Amount |
|
|
Government of the People's |
|
|
|
|
|
|
|
|
Republic of Bangladesh |
240 |
0.002% |
24,000 |
120 |
0.002% |
12,000 |
|
|
Bank and financial institutions |
676,157 |
4.233% |
67,615,700 |
631,280 |
7.904% |
63,128,000 |
|
|
General public |
15,296,787 |
95.765% |
1,529,678,700 |
7,355,192 |
92.094% |
735,519,200 |
|
|
|
15,973,184 |
100.00% |
1,597,318,400 |
7,986,592 |
100.00% |
798,659,200 |
|
|
|
|
|
|
|
|
|
|
13.4 |
Range - wise shareholdings |
|
|
|
|
|
|
|
|
2009 |
2008 |
|
|
Range of holding |
No. of share holders |
Percentage of |
Number of |
No. of share holders |
Percentage of |
Number of |
|
|
of Shares |
holding of shares |
shares |
holding of shares |
shares |
|
|
Upto 500 |
40,916 |
16.81% |
2,684,730 |
26,442 |
16.37% |
1,307,754 |
|
|
501 - 10000 |
1,484 |
13.91% |
2,221,411 |
705 |
16.24% |
1,297,386 |
|
|
10,001 - 20,000 |
29 |
2.55% |
406,958 |
31 |
5.17% |
412,953 |
|
|
20,001 - 30,000 |
30 |
4.61% |
736,143 |
14 |
4.21% |
335,906 |
|
|
30,001 - 40,000 |
19 |
4.10% |
655,645 |
5 |
2.18% |
173,804 |
|
|
40,001 - 50,000 |
22 |
6.09% |
972,342 |
7 |
3.73% |
297,552 |
|
|
50,001 - 100,000 |
48 |
23.44% |
3,745,148 |
13 |
12.22% |
976,156 |
|
|
100,001 - 1,000,000 |
22 |
28.49% |
4,550,807 |
11 |
39.88% |
3,185,081 |
|
|
Over 1,000,000 |
- |
- |
- |
- |
- |
- |
|
|
|
42,570 |
100.00% |
15,973,184 |
27,228 |
100.00% |
7,986,592 |
|
|
|
|
|
|
|
|
|
|
13.5 i |
Capital adequacy of Bank on the basis of Risk weighted Assets: |
|
|
|
|
|
There is a surplus of Tk.2,140.8 million (Tk. 627.9 million in
2008) in capital fund of the Bank as on 31.12.2009 maintained as
per BRPD circular No.10 and 05 of 25.11.2002 and 14.05.2007
respectively. |
|
|
|
|
|
|
|
Notes |
2009 |
|
2008 |
|
|
|
|
|
|
Taka |
|
Taka |
|
|
Total assets including off balance sheet items |
|
80,506,481,424 |
|
67,401,219,221 |
|
|
|
|
|
|
|
|
|
|
A |
Total risk weighted assets |
|
|
36,882,414,000 |
|
34,204,620,000 |
|
|
|
|
|
|
|
|
|
|
B |
Required capital @10%of total risk weighted assets |
3,688,241,000 |
|
3,420,462,000 |
|
|
|
|
|
|
|
|
|
|
C |
Actual capital maintained |
|
|
5,829,047,757 |
|
4,048,371,732 |
|
|
Core capital (Tier - I) |
|
13.5.1 |
4,355,157,241 |
|
3,249,930,672 |
|
|
Supplementary capital (Tier - II) |
|
13.5.2 |
1,473,890,516 |
|
798,441,060 |
|
|
|
|
|
|
|
|
|
|
D |
Total capital surplus (B - C) |
|
|
2,140,806,757 |
|
627,909,732 |
|
|
Capital adequacy ratio |
|
|
|
|
|
|
|
|
|
|
2009 |
2008 |
|
|
Capital Requirement |
|
Required |
Held |
Required |
Held |
|
|
Tier-I |
|
|
5.00% |
11.81% |
5.00% |
9.50% |
|
|
Tier-II |
|
|
N/A |
4.00% |
N/A |
2.33% |
|
|
Total |
|
|
10.00% |
15.91% |
10.00% |
11.83% |
|
|
Surplus |
|
|
|
5.91% |
|
1.83% |
|
|
|
|
|
|
|
|
|
| |
In terms of section 13(2) of the Bank Companies Act, 1991 and
Bangladesh Bank BRPD circulars No. 10, 05 and 10 dated November
25,2002, May 14,2007 and September 18,2007 respectively,
required Capital of the Bank at the close of business on 31
December 2009 was Tk.368,8241,000 as against available Core
Capital of Tk. 4,355,157,241 and Supplementary Capital of
Tk.1,473,890,516 making a total capital of Tk. 5,829,047,757
thereby showing a surplus capital/equity of Tk. 2,140,806,757 at
that date. Details are given below: |
|
|
|
|
|
|
2009 |
|
2008 |
|
|
|
|
|
|
Taka |
|
Taka |
|
13.5.1 |
Tier-I (Core Capital) |
|
|
4,355,157,241 |
|
3,249,930,672 |
|
|
Paid up capital |
|
|
|
1,597,318,400 |
|
798,659,200 |
|
|
Issue of bonus share |
|
|
- |
|
- |
|
|
Statutory reserve |
|
|
|
1,800,837,039 |
|
1,550,837,039 |
|
|
Capital reserve |
|
|
15 |
341,539 |
|
341,539 |
|
|
General reserve |
|
|
15 |
85,291,800 |
|
833,951,000 |
|
|
Dividend equalization fund |
|
|
64,427,000 |
|
64,427,000 |
|
|
Retained earnings |
|
|
806,941,463 |
|
1,714,894 |
|
|
|
|
|
|
|
|
|
|
13.5.2 |
Tier-II (Supplementory Capital) |
|
|
1,473,890,516 |
|
798,441,060 |
|
|
Assets revaluation reserve (50%) |
|
|
129,231,921 |
|
135,006,308 |
|
|
Adjustment for approved Securities (HTM) |
|
- |
|
- |
|
|
Revaluation reserve A/c.(Govt.securities) 50% |
|
768,874,914 |
|
56,660,080 |
|
|
Exchange equalization fund |
|
|
55,578,852 |
|
55,578,851 |
|
|
General provision against unclassified loans & advances |
434,600,000 |
|
404,600,000 |
|
|
General provisionon on off balance sheet exposures |
85,604,829 |
|
101,650,000 |
|
|
Reserve for Un-foreseen losses A/c. |
|
- |
|
44,945,821 |
|
|
|
|
|
|
|
|
|
|
|
Actual capital maintained |
|
|
5,829,047,757 |
|
4,048,371,732 |
|
|
|
|
|
|
|
|
|
|
13.5 b |
Risk Based Capital Adequacy (RBCA) for Bank (Revised regulatory
Capital framework in line with Basel-II) |
|
|
|
|
|
|
Taka in crore |
|
|
|
|
A. Eligible Capital |
|
QI,2009 |
Q2,2009 |
Q3,2009 |
Q4,2009 |
|
|
1. Tier-1 (Core Capital) |
|
343.95 |
382.62 |
420.27 |
435.51 |
|
|
2. Tier-2 (Supplementary Capital) |
76.61 |
116.82 |
153.74 |
147.39 |
|
|
3. Tier-3 (Eligible for market Risk only) |
- |
- |
- |
- |
|
|
4. Total Eligible Capital (1+2+3) |
|
420.56 |
499.44 |
574.01 |
582.90 |
|
|
B. Total Risk Weighted Assets (RWA): |
4089.41 |
4,704.82 |
4,286.49 |
4,912.79 |
|
|
C. Capital Adequacy Ratio (CAR) |
10.28% |
10.62% |
13.39 |
12.00% |
|
|
D. Core Capital to RWA |
|
8.41% |
8.13% |
9.80% |
9.00% |
|
|
E. Supplementary Capital to RWA |
1.87% |
2.48% |
3.59% |
3.00% |
|
|
F. Minimum Capital Requirement (MCR) |
408.94 |
470.48 |
428.65 |
491.28 |
|
|
Surplus |
|
|
11.62 |
28.96 |
145.36 |
91.62 |
|
|
|
|
|
|
|
|
|
| |
As per BRPD circular No. 09 dated 31.12.2008 regarding
Guidelines on Risk Based Capital Adequacy for Banks ( Revised
regulatory Capital framework in line with Basel-II Minimum
Capital Requirement (MCR) of the Bank at the close of business
on 31 December 2009 was Tk.491.28 crore as against available
Tier-I (Core Capital) of Tk. 435.51 crore and Tier-2
(Supplementary Capital) of Tk.147.39 crore making a total
Eligible Capital of Tk. 582.90 crore thereby showing a surplus
capital/equity of Tk. 91.62 crore at that date. Details are
given |
|
1. Tier-1 (Core Capital) |
|
|
|
|
|
|
|
1.1 Fully Paid-up Capital/Capital Deposited with BB |
79.87 |
159.73 |
159.73 |
159.73 |
|
|
1.2 Statutory Reserve |
|
155.08 |
155.08 |
155.08 |
180.08 |
|
|
1.3 Non-repayable Share premium account |
- |
- |
|
- |
|
|
1.4 General Reserve |
|
83.43 |
3.56 |
3.57 |
8.56 |
|
|
1.5 Retained Earnings |
|
19.13 |
57.81 |
95.45 |
80.70 |
|
|
1.6 Minority interest in Subsidiaries |
|
- |
|
- |
|
|
1.7 Non-Cumulative irredeemable Preferences shares |
|
- |
|
- |
|
|
1.8 Dividend Equalization Account |
6.44 |
6.44 |
6.44 |
6.44 |
|
|
1.9 Sub-Total: (1.1 to 1.80) |
|
343.95 |
382.62 |
420.27 |
435.51 |
|
|
|
|
|
|
|
|
|
|
|
Deductions from Tier-1 (Core Capital) |
|
|
|
|
|
|
1.1 Book Value of Goodwill |
|
- |
- |
- |
- |
| |
1.11Shorfall in provisions required against classified assets
irrespective of any relaxation allowed |
- |
- |
- |
- |
| |
1.12 Deficit on account of revaluation of
investment in AFS category |
- |
- |
- |
- |
| |
1.13 Any increase in equity Capital resulting from a
securitization transaction |
- |
- |
- |
- |
| |
1.14 Any investment in TFCs of other banks exceeding the
prescribed limit |
- |
- |
- |
- |
|
|
1.15 Other if any |
|
- |
- |
- |
- |
|
|
1.16 Sub Total (1.10 - 1.16) |
|
- |
- |
- |
- |
|
|
1.17 Total Eligible Tier-I Capital (1.9 -1.16) |
343.95 |
382.62 |
420.27 |
435.51 |
|
|
|
|
|
|
|
|
|
|
|
2 Tier-2 (Supplementary Capital) |
|
|
|
|
|
