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Profit and Loss Account

Profit and Loss Account For the year ended December 31, 2009

	Notes	2009 (BDT)	2008 (BDT)
Interest Income	18.1	6,066,171,939	5,106,008,463
Less : Interest Paid on Deposits, Borrowings etc.	19	4,755,901,859	4,045,970,142
Net Interest Income		1,310,270,080	1,060,038,321
Investment Income	18.4	696,663,198	520,333,916
Commission, Exchange and Brokerage	20	1,059,887,629	917,199,841
Other Operating Income	21	425,089,853	333,960,039
		2,181,640,680	1,771,493,796
Total Operating Income		3,491,910,760	2,831,532,117
Salaries and Allowances	23	807,198,037	611,587,111
Rent, Taxes, Insurance, Electricity, etc.	24	184,168,069	155,724,646
Legal Expenses	25	7,994,350	5 ,045,236
Postage, Stamps, Telecommunication etc.		27,205,921	27,045,459
Stationery, Printings, Advertisements etc.	26	82,341,385	6 3,499,399
Chief Executive's Salary and Fees	23.1	6,450,000	6 ,450,000
Directors' fees	22	4,055,400	2 ,163,600
Auditors' Fees		709,000	500,000
Depreciation & Repair of Fixed Assets	27	96,423,954	74,617,737
Other expenses	28	363,666,775	303,383,441
Total Operating Expenses		1,580,212,891	1,250,016,629
Profit before Provision		1,911,697,869	1,581,515,488
Provision against Classified Loans	12.5	159,621,000	117,958,107
Provision against Unclassified Loans	12.5	80,300,000	77,174,000
Other Provisions	12.5	9,000,000	104,700,000
Total Provisions		248,921,000	299,832,107
Total Profit before Taxes		1,662,776,869	1,281,683,381
Provision for Taxation	12.4	855,260,000	665,800,000
Net Profit after Taxation		807,516,869	615,883,381
Retained Surplus brought forward from previous year		2,076,907	2,266,026
		809,593,776	6 18,149,407
Appropriations
Statutory Reserve		332,540,000	256,337,000
Retained Surplus		477,053,776	361,812,407
		809,593,776	618,149,407
Earning Per Share (EPS)	29	37.41	28.53

These Financial Statements should be read in conjunction with the annexed notes (1 to 38)


sd/- Dewan Mujibur Rahman Managing Director and CEO	sd/- Alhaj Akram Hussain (Humayun) Director	sd/- Golam Faruk Ahmed Director	sd/- M. S. Ahsan Director
See annexed auditors' report to the Shareholders of date.
sd/- Ahmed Zaker & Co. Chartered Accountants			sd/- Basu Banerjee Nath & Co. Chartered Accountants

Dhaka, February 15, 2010