Corporate Office Rangs Tower 68 Purana Paltan Dhaka 1000 Consolidated Financial Statements (Un-Audited) for the 2nd Quarter ended 30 June 2016
and Its Subsidiaries Consolidated Balance Sheet As at 30 June 2016 Notes PROPERTY AND ASSETS Cash 4(a) 15,047,267,785 12,470,996,852 In hand (including foreign currencies) 4.1(a) 2,201,251,308 1,691,680,962 Balance with Bangladesh Bank and its agent bank (including foreign currencies) 4.2(a) 12,846,016,477 10,779,315,890 Balance with other banks and financial institutions 5(a) 5,556,885,373 8,779,031,163 In Bangladesh 4,877,326,446 8,000,106,067 Outside Bangladesh 679,558,927 778,925,096 Money at call and on short notice 6(a) 1,220,000,000 3,230,000,000 Investments 7(a) 36,299,787,234 47,162,324,547 Government 32,483,906,011 43,717,224,029 Others 3,815,881,223 3,445,100,518 Loans and advances/investments 8(a) 166,539,354,608 139,004,595,335 Loans, cash credits, overdrafts, etc/investments 154,544,039,243 129,595,040,389 Bills purchased and discounted 11,995,315,365 9,409,554,946 Fixed assets including premises, furniture and fixtures 9(a) 5,232,403,285 5,092,815,069 Other assets 10(a) 7,443,461,223 9,925,844,072 Non - banking assets - - Total assets 237,339,159,508 225,665,607,038 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents 11(a) 16,634,858,115 12,335,454,278 Subordinated non-convertible bonds 11(aa) 3,315,440,646 3,315,440,646 Deposits and other accounts 12(a) 178,790,322,950 170,145,826,321 Current/Al-wadeeah current accounts and other accounts 35,220,782,498 29,928,959,572 Bills payable 3,005,264,056 3,936,675,238 Savings bank/mudaraba savings bank deposits 24,134,507,701 21,174,184,061 Fixed deposits/mudaraba fixed deposits 116,429,768,695 115,106,007,450 Bearer certificates of deposit - - Other deposits - - Other liabilities 13(a) 21,122,900,750 21,172,640,859 Total liabilities 219,863,522,461 206,969,362,104 Capital/shareholders' equity Total shareholders' equity 17,475,637,047 18,696,244,934 Paid-up capital 14.2 8,812,599,100 8,392,951,530 Statutory reserve 15 6,084,429,861 5,876,250,921 Revaluation reserve 16(a) 2,305,808,861 2,549,629,842 General reserve 8,166,144 8,166,144 Retained earnings (241,923.9636) 17(a) 263,055,996 1,867,693,933 Foreign currency translation reserve 1,566,241 1,541,779 Non-controlling (minority) interest 17(b) 10,844 10,785 Total liabilities and shareholders' equity 237,339,159,508 225,665,607,038 Difference for UK 811,041.00 (0.0) (0.55) Net Assets Value per Share 19.83 21.22 600,383.67 (600,383.71)
and Its Subsidiaries Consolidated Balance Sheet As at 30 June 2016 Notes OFF-BALANCE SHEET ITEMS Contingent liabilities 18 112,367,238,307 94,579,682,894 Acceptances and endorsements 36,728,408,909 33,178,690,709 Letters of guarantee 34,145,492,959 29,263,667,968 Irrevocable letters of credit 27,169,531,164 23,093,149,701 Bills for collection 14,323,805,275 9,044,174,516 Other contingent liabilities - - Other commitments 4,029,274,875 2,237,373,935 Documentary credits and short term trade-related transactions - - Forward assets purchased and forward deposits placed 4,029,274,875 2,237,373,935 Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance sheet items including contingent liabilities 116,396,513,182 96,817,056,829 -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- -Sd- Imran Ahmed FCA, CISA Aminul Islam Chief Financial Officer Company Secretary
and Its Subsidiaries Consolidated Profit and Loss Statement For the period ended 30 June 2016 Notes Jan to June 2016 Jan to June 2015 April to June 2016 April to June 2015 OPERATING INCOME Interest income 20(a) 7,089,709,888 6,983,644,771 3,660,411,963 3,622,111,684 Interest paid on deposits and borrowings, etc 21(a) 5,215,450,060 5,650,569,163 2,575,494,241 2,868,300,186 Net interest income 1,874,259,828 1,333,075,608 1,084,917,722 753,811,498 Investment income 22(a) 1,793,535,795 2,001,855,075 1,000,222,924 1,017,582,223 Commission, exchange and brokerage 23(a) 1,319,678,468 960,660,670 689,587,432 519,952,497 Other operating income 24(a) 327,030,097 268,668,132 205,778,668 161,247,349 3,440,244,360 3,231,183,877 1,895,589,024 1,698,782,069 Total operating income (A) 5,314,504,188 4,564,259,485 2,980,506,746 2,452,593,567 OPERATING EXPENSES Salaries and allowances 25(a) 1,174,535,940 972,348,596 604,910,833 461,563,799 Rent, taxes, insurance, electricity, etc 26(a) 268,739,422 267,022,915 136,224,498 128,539,707 Legal expenses 27(a) 7,956,663 5,318,009 4,278,050 2,036,830 Postage, stamp, telecommunication, etc 28(a) 43,394,539 37,188,870 25,630,952 18,291,351 Stationery, printing, advertisements, etc 29(a) 52,953,141 48,182,666 26,410,120 22,884,010 Managing Director's salary and fees 30 7,820,000 7,120,000 4,760,000 4,060,000 Directors' fees 31(a) 1,993,200 1,799,750 1,232,800 1,294,500 Auditors' fees 32(a) 1,962,235 1,007,875 1,566,757 513,097 Depreciation and repairs of Bank's assets 33(a) 210,586,411 218,248,436 113,402,022 112,109,611 Other expenses 34(a) 594,546,860 502,414,996 322,323,780 251,887,820 Total operating expenses (B) 2,364,488,411 2,060,652,113 1,240,739,812 1,003,180,725 Profit before provision (C=A-B) 2,950,015,777 2,503,607,372 1,739,766,934 1,449,412,842 Provision for loans and advances/investments General provision 115,500,000 1,174,416,127 115,500,000 981,281,987 Specific provision 1,570,517,277 (472,290,582) 805,500,000 (574,817,347) 1,686,017,277 702,125,545 921,000,000 406,464,640 Provision for off-balance sheet items 195,900,000 149,954,180 160,900,000 84,050,927 Provision for diminution in value of investments 12,418,472-12,418,472 - Other provisions - - - - Total provision (D) 1,894,335,749 852,079,725 1,094,318,472 490,515,567 Total profit before tax (C-D) 1,055,680,028 1,651,527,647 645,448,462 958,897,275 Provision for taxation Current tax 13.4.1(a) 779,544,603 918,237,180 550,317,737 526,006,284 Deferred tax 13.4.2(a) - - - - 779,544,603 918,237,180 550,317,737 526,006,284 Net profit after tax 276,135,425 733,290,467 95,130,725 432,890,991 Appropriations Statutory reserve 15 208,178,940 357,751,553 130,837,382 202,961,803 General reserve - - - - 208,178,940 357,751,553 130,837,382 202,961,803 Retained surplus 67,956,485 375,538,914 (35,706,657) 229,929,188 tributable to: Equity holders of 67,956,426 375,539,576 (35,706,607) 229,929,468 Non-controlling (minority) interest 59 (662) (50) (280) 67,956,485 375,538,914 (35,706,657) 229,929,188 Earnings Per Share (EPS) 37(a) 0.31 0.83 0.11 0.49 -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
and Its Subsidiaries Consolidated Cash Flow Statement For the period ended 30 June 2016 Notes Jan to June 2016 Jan to June 2015 Cash flows from operating activities (A) Interest receipts 8,800,359,733 8,883,291,062 Interest payments (5,215,450,060) (5,650,569,163) Fees and commission receipts 1,319,678,468 960,660,670 Cash payment to employees (1,295,189,018) (1,071,870,303) Cash payment to suppliers (89,881,277) (78,915,988) Income tax paid (886,088,612) (888,937,967) Receipts from other operating activities 35 (a) 590,164,747 368,423,316 Payments for other operating activities 36 (a) (926,289,191) (820,527,613) Operating profit before changes in operating assets & liabilities 2,297,304,790 1,701,554,014 Increase/decrease in operating assets and liabilities Loans and advances to customers (27,534,759,273) (9,819,458,186) Other assets (206,234,767) (335,008,876) Deposits from customers 8,644,496,629 13,318,781,626 Trading liabilities 4,299,403,837 (3,172,438,671) Other liabilities 586,029,790 368,614,096 Net Increase/decrease in operating assets and liabilities (14,211,063,784) 360,489,989 Net cash flows from operating activities (11,913,758,994) 2,062,044,003 Cash flows from investing activities (B) Investments in treasury bills, bonds and others 11,169,745,737 (1,553,475,439) Sale/(Purchase) of trading securities (370,780,705) (1,595,879,680) Purchase of fixed assets (280,820,837) (80,876,552) Net cash used in investing activities 10,518,144,195 (3,230,231,671) Cash flows from financing activities ( C ) Payment for finance lease (123,728) (459,057) Issue of floating rate non-convertible subordinated bonds - 3,000,000,000 Dividend paid (cash dividend) (1,258,942,730) (381,497,797) Net cash flows from/(used) in financing activities (1,259,066,458) 2,618,043,146 Net increase in cash and cash equivalents (A+B+C) (2,654,681,257) 1,449,855,478 Effects of exchange rate changes on cash and cash equivalents - - Cash and cash equivalents at the beginning of the year 24,482,870,715 12,086,802,751 Cash and cash equivalents at the end of the period 21,828,189,458 13,536,658,229 Cash and cash equivalents: Cash 2,201,251,308 1,718,543,671 Balance with Bangladesh Bank and its agent bank(s) 12,846,016,477 10,273,984,252 Balance with other banks and financial institutions 5,556,885,373 1,340,449,506 Money at call and on short notice 1,220,000,000 200,000,000 Prize bonds 4,036,300 3,680,800 21,828,189,458 13,536,658,229 Net Operating Cash Flows per Share (13.52) 2.34 -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
and Its Subsidiaries Consolidated Statement of Changes in Equity For the period ended 30 June 2016 Particulars Foreign Noncontrolling Paid-up Revaluation General currency Total Statutory reserve Retained earnings Total capital reserve reserve translation equity interest reserve Balance at 01 January 2015 7,629,955,940 5,051,466,882 2,682,592,433 8,166,474 661,265 1,229,245,329 16,602,088,323 10,781 16,602,099,104 Transferred during the period - 357,751,553 - - - (357,751,553) - - - Adjustment on revaluation of fixed assets and other - - 78,338,042 - - - 78,338,042-78,338,042 investment Transferred to retained earnings - - - (330) - 330 - - - Foreign currency translation for the period - - - - 676,448-676,448-676,448 Issue of bonus shares 762,995,590 - - - - (762,995,590) - - - Cash dividend paid (381,497,797) (381,497,797) (381,497,797) Net profit for the period - - - - - 733,291,129 733,291,129 (662) 733,290,467 Balance as at 30 June 2015 8,392,951,530 5,409,218,435 2,760,930,475 8,166,144 1,337,713 460,291,848 17,032,896,145 10,119 17,032,906,264 Transferred during the period - 467,032,486 - - - (467,032,486) - - - Adjustment on revaluation of fixed assets and other - - (211,300,633) - - - (211,300,633) - (211,300,633) investment Foreign currency translation for opening retained earnings - - - - 204,066-204,066-204,066 Net profit for the period - - - - - 1,874,434,571 1,874,434,571 666 1,874,435,237 Balance as at 31 December 2015 8,392,951,530 5,876,250,921 2,549,629,842 8,166,144 1,541,779 1,867,693,933 18,696,234,149 10,785 18,696,244,934 Adjustment on revaluation of fixed assets and other (243,820,981) (243,820,981) investment - - - - - - (243,820,981) Foreign currency translation for opening retained earnings - - - - - 5,995,937 5,995,937-5,995,937 Foreign currency translation for the period - - - - 24,462-24,462-24,462 Issue of bonus shares 419,647,570 - - - - (419,647,570) - - - Cash dividend paid - - - - - (1,258,942,730) (1,258,942,730) - (1,258,942,730) Net profit for the period - - - - - 276,135,366 276,135,366 59 276,135,425 Balance as at 30 June 2016 8,812,599,100 6,084,429,861 2,305,808,861 8,166,144 1,566,241 263,055,996 17,475,626,203 10,844 17,475,637,047 - (0) -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
Balance Sheet As at 30 June 2016 Notes PROPERTY AND ASSETS Cash 4 15,046,329,279 12,469,737,907 In hand (including foreign currencies) 4.1 2,200,312,802 1,690,422,017 Balance with Bangladesh Bank and its agent bank (including foreign currencies) 4.2 12,846,016,477 10,779,315,890 Balance with other banks and financial institutions 5,027,558,271 8,275,831,706 In Bangladesh 5.1 4,414,197,331 7,561,200,515 Outside Bangladesh 5.2 613,360,940 714,631,191 Money at call and on short notice 6 1,220,000,000 3,230,000,000 Investments 7 35,934,957,979 46,942,774,876 Government 32,483,906,011 43,717,224,029 Others 3,451,051,968 3,225,550,847 Loans and advances/investments 8 164,021,511,463 136,396,335,681 Loans, cash credits, overdrafts, etc/investments 152,026,196,098 126,986,780,735 Bills purchased and discounted 11,995,315,365 9,409,554,946 Fixed assets including premises, furniture and fixtures 9 5,216,870,364 5,075,506,799 Other assets 10 9,463,368,842 11,957,122,419 Non - banking assets - - Total assets 235,930,596,198 224,347,309,388 LIABILITIES AND CAPITAL Liabilities Borrowings from other banks, financial institutions and agents 11 16,614,828,667 12,296,115,548 Subordinated non-convertible bonds 11 aa 3,315,440,646 3,315,440,646 Deposits and other accounts 178,518,114,062 169,827,340,391 Current/Al-wadeeah current accounts and other accounts 34,948,573,610 29,610,473,642 Bills payable 3,005,264,056 3,936,675,238 Savings bank/mudaraba savings bank deposits 24,134,507,701 21,174,184,061 Fixed deposits/mudaraba fixed deposits 116,429,768,695 115,106,007,450 Bearer certificates of deposit - - Other deposits - - Other liabilities 13 19,734,749,949 19,929,080,918 Total liabilities 218,183,133,324 205,367,977,503 Capital/shareholders' equity Total shareholders' equity 17,747,462,874 18,979,331,885 Paid-up capital 14.2 8,812,599,100 8,392,951,530 Statutory reserve 15 6,084,429,861 5,876,250,921 Revaluation reserve 16 2,305,808,861 2,549,629,842 General reserve 8,166,144 8,166,144 Retained earnings 17 536,458,908 2,152,333,448 Total liabilities and shareholders' equity 235,930,596,198 224,347,309,388 (0) (0) Actual difference (122,663) 122,663 Net Assets Value per Share 20.14 21.54
Balance Sheet As at 30 June 2016 Notes OFF-BALANCE SHEET ITEMS Contingent liabilities 18 112,367,238,307 94,579,682,894 Acceptances and endorsements 36,728,408,909 33,178,690,709 Letters of guarantee 34,145,492,959 29,263,667,968 Irrevocable letters of credit 27,169,531,164 23,093,149,701 Bills for collection 14,323,805,275 9,044,174,516 Other contingent liabilities - - Other commitments 4,029,274,875 2,237,373,935 Documentary credits and short term trade-related transactions - - Forward assets purchased and forward deposits placed 4,029,274,875 2,237,373,935 Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance sheet items including contingent liabilities 116,396,513,182 96,817,056,829 -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
Notes Jan to June 2016 Jan to June 2015 April to June 2016 April to June 2015 OPERATING INCOME Interest income 20 6,949,847,835 6,832,433,623 3,587,135,716 3,544,003,155 Interest paid on deposits and borrowings, etc 21 5,214,225,518 5,471,552,278 2,574,965,873 2,781,721,797 Net interest income 1,735,622,317 1,360,881,345 1,012,169,843 762,281,358 Investment income 22 1,793,535,795 2,001,855,075 1,000,222,924 1,017,582,223 Commission, exchange and brokerage 23 1,251,408,928 898,162,698 657,890,085 480,060,856 Other operating income 24 311,125,512 264,013,894 191,671,996 156,665,217 3,356,070,235 3,164,031,667 1,849,785,005 1,654,308,296 Total operating income (A) 5,091,692,552 4,524,913,012 2,861,954,848 2,416,589,654 Salaries and allowances 25 1,141,979,478 940,448,566 587,848,695 445,822,452 Rent, taxes, insurance, electricity, etc 26 256,146,025 253,566,988 129,930,554 121,509,948 Legal expenses 27 6,922,593 4,298,422 3,758,716 1,577,488 Postage, stamp, telecommunication, etc 28 42,126,275 35,763,158 24,953,355 17,522,906 Stationery, printing, advertisements, etc 29 52,364,321 47,308,109 25,987,109 22,465,707 Managing Director's salary and fees 30 7,820,000 7,120,000 4,760,000 4,060,000 Directors' fees 31 1,800,000 1,725,000 1,104,000 1,260,000 Auditors' fees 32 829,000 115,000 829,000 57,500 Depreciation and repairs of Bank's assets 33 209,144,414 214,356,308 112,460,438 109,959,322 Other expenses 34 579,765,746 487,831,062 314,236,070 242,960,075 Total operating expenses (B) 2,298,897,852 1,992,532,613 1,205,867,937 967,195,398 Profit before provision (C=A-B) 2,792,794,700 2,532,380,399 1,656,086,911 1,449,394,256 Provision for loans and advances/investments Profit and Loss Statement For the period ended 30 June 2016 General provision 115,500,000 1,174,416,127 115,500,000 981,281,987 Specific provision 1,440,500,000 (580,747,672) 725,500,000 (630,747,672) 1,556,000,000 593,668,455 841,000,000 350,534,315 Provision for off-balance sheet items 195,900,000 149,954,180 160,900,000 84,050,927 Provision for diminution in value of investments - - - - Other provisions - - - - Total provision (D) 1,751,900,000 743,622,635 1,001,900,000 434,585,242 Total profit before tax (C-D) 1,040,894,700 1,788,757,764 654,186,911 1,014,809,014 Provision for taxation Current tax 13.4.1 770,000,000 911,656,944 545,000,000 521,781,933 Deferred tax 13.4.2 - - - - 770,000,000 911,656,944 545,000,000 521,781,933 Net profit after tax 270,894,700 877,100,820 109,186,911 493,027,081 Appropriations Statutory reserve 15 208,178,940 357,751,553 130,837,382 202,961,803 General reserve - - - - 208,178,940 357,751,553 130,837,382 202,961,803 Retained surplus 62,715,760 519,349,267 (21,650,471) 290,065,278 Earnings Per Share (EPS) 37 0.31 1.00 0.12 0.56 -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
Cash Flow Statement for the period ended 30 June 2016 Notes Jan to June 2016 Jan to June 2015 Cash flows from operating activities (A) Interest receipts 8,660,497,680 8,732,079,914 Interest payments (5,214,225,518) (5,471,552,278) Fees and commission receipts 1,251,408,928 898,162,698 Cash payment to employees (1,262,632,556) (1,039,970,273) Cash payment to suppliers (89,292,457) (78,041,431) Income tax paid (875,577,618) (882,357,731) Receipts from other operating activities 35 574,260,162 363,769,078 Payments for other operating activities 36 (895,285,911) (789,074,828) Operating profit before changes in operating assets & liabilities 2,149,152,710 1,733,015,149 Increase/decrease in operating assets and liabilities Loans and advances to customers (27,625,175,782) (10,041,959,552) Other assets (168,896,168) (147,523,470) Deposits from customers 8,690,773,671 12,976,573,265 Trading liabilities 4,318,713,119 (2,822,402,613) Other liabilities 550,330,358 320,594,354 Net Increase/decrease in operating assets and liabilities (14,234,254,802) 285,281,984 Net cash flows from operating activities (12,085,102,092) 2,018,297,133 Cash flows from investing activities (B) Investments in treasury bills, bonds and others 11,169,745,737 (1,553,475,439) Sale/(Purchase) of trading securities (225,501,121) (1,581,316,036) Purchase of fixed assets (280,564,529) (80,426,352) Net cash used in investing activities 10,663,680,087 (3,215,217,827) Cash flows from financing activities (C) Payment for finance lease (123,728) (459,057) Issue of floating rate non-convertible subordinated bonds - 3,000,000,000 Dividend paid (cash dividend) (1,258,942,730) (381,497,797) Net cash flows from/(used) in financing activities (1,259,066,458) 2,618,043,146 Net increase in cash and cash equivalents (A+B+C) (2,680,488,463) 1,421,122,452 Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the beginning of the year 23,978,412,313 11,996,744,441 Cash and cash equivalents at the end of the period 21,297,923,850 13,417,866,893 Cash and cash equivalents: Cash 2,200,312,802 1,717,906,974 Balance with Bangladesh Bank and its agent bank(s) 12,846,016,477 10,273,984,252 Balance with other banks and financial institutions 5,027,558,271 1,222,294,867 Money at call and on short notice 1,220,000,000 200,000,000 Prize bonds 4,036,300 3,680,800 21,297,923,850 13,417,866,893 Net Operating Cash Flows per Share (13.71) 2.29 (0) - -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman 0 -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
Particulars Paid-up capital Statement of Changes in Equity For the period ended 30 June 2016 Statutory reserve Revaluation reserve General reserve Retained earnings Balance at 01 January 2015 7,629,955,940 5,051,466,882 2,682,592,433 8,166,474 1,492,242,767 16,864,424,496 Statutory reserve - 357,751,553 - - (357,751,553) - Revaluation reserve - - 78,338,042 - - 78,338,042 Transferred to retained earnings - - - (330) 330 - Issue of bonus shares 762,995,590 - - - (762,995,590) - Cash dividend paid - - - - (381,497,797) (381,497,797) Net profit for the period - - - - 877,100,820 877,100,820 Balance at 30 June 2015 8,392,951,530 5,409,218,435 2,760,930,475 8,166,144 867,098,977 17,438,365,561 Statutory reserve - 467,032,486 - - (467,032,486) - Revaluation reserve - - (211,300,633) - - (211,300,633) Net profit for the period - - - - 1,752,266,957 1,752,266,957 Balance at 31 December 2015 8,392,951,530 5,876,250,921 2,549,629,842 8,166,144 2,152,333,448 18,979,331,885 Statutory reserve - 208,178,940 - - (208,178,940) - Revaluation reserve - - (243,820,981) - - (243,820,981) Issue of bonus shares 419,647,570 - - - (419,647,570) - Cash dividend paid - - - - (1,258,942,730) (1,258,942,730) Net profit for the period - - - - 270,894,700 270,894,700 Balance at 30 June 2016 8,812,599,100 6,084,429,861 2,305,808,861 8,166,144 536,458,908 17,747,462,874 - - - -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman Total -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
Selected explanatory notes to the financial statements for the period ended June 30, 2016 1.1.1 1.1.2 2.1.1 Accounting policies in this Financial Statements are same as that applied in its last Annual Financial Statements of December 31, 2015.Consolidated financial Statements include position of Bank Asia Limited, Bank Asia Securities Limited, BA Exchange Company (UK) Limited and BA Express USA Inc. Provision for income tax has been shown @ 40 % as prescribed in Finance Act, 2016 of the accounting profit made by the Bank after considering some of the taxable add backs of income and disallowances of expenditures including provision for loans. General: a) Figures appearing in these financial statements have been rounded off to the nearest Taka. b) Figures of previous year have been rearranged wherever necessary to conform to current year s presentation. c) This interim Financial Statements have been prepared in accordance with Bangladesh Accounting Standards (BAS) 34 "Interim Financial Reporting". 3.1.1 Bonus Share of Tk. 419.64 million and Cash Dividend Tk. 1,258.94 million for the year ended December 31, 2015 was approved in the 17th AGM held on April 18, 2016. Issued bonus shares have been considered in the last year's presentation. For -Sd- -Sd- -Sd- Md. Mehmood Husain Mashiur Rahman A Rouf Chowdhury President & Managing Director Director Chairman -Sd- Imran Ahmed FCA, CISA Chief Financial Officer -Sd- Aminul Islam Company Secretary
4 Cash 4.1 In hand Conventional and Islamic banking 4.1(a) Local currency 2,186,823,178 1,684,148,099 Foreign currencies 13,489,624 6,273,918 2,200,312,802 1,690,422,017 Off-shore banking unit - - 2,200,312,802 1,690,422,017 Consolidated In hand 2,200,312,802 1,690,422,017 Bank Asia Securities Limited 6,763 11,890 BA Exchange Company (UK) Limited 693,853 1,149,477 BA Express USA, Inc 237,890 97,578 2,201,251,308 1,691,680,962 4.2 Balance with Bangladesh Bank and its agent bank 4.2(a) Conventional and Islamic banking Balance with Bangladesh Bank Local currency (statutory deposit) 11,677,795,654 10,273,716,981 Foreign currencies 745,289,140 54,872,119 12,423,084,794 10,328,589,100 Balance with agent bank (Sonali Bank Limited) Local currency 422,931,683 450,726,790 Foreign currencies - - 422,931,683 450,726,790 12,846,016,477 10,779,315,890 Off-shore banking unit - - 12,846,016,477 10,779,315,890 Consolidated Balance with Bangladesh Bank and its agent bank 12,846,016,477 10,779,315,890 Bank Asia Securities Limited - - BA Express USA, Inc - - 12,846,016,477 10,779,315,890 5 Balance with other banks and financial institutions In Bangladesh Conventional and Islamic banking (Note 5.1.1) 4,414,197,331 7,561,200,515 Off-shore banking unit - - 4,414,197,331 7,561,200,515 Outside Bangladesh Conventional and Islamic banking (Note 5.2.1) 504,705,452 667,400,444 Off-shore banking unit 108,655,488 47,230,747 613,360,940 714,631,191 5,027,558,271 8,275,831,706 5.1 In Bangladesh 5.1.1 Conventional and Islamic banking Current accounts AB Bank Limited 41,480 41,480 Agrani Bank Limited 826,280 826,280 National Bank Limited 782,500 766,332 Sonali Bank Limited 109,432,509 176,737,352 Standard Chartered Bank 4,398,526 424,319 Trust Bank Limited (11,610,951) 12,978,486 103,870,344 191,774,249 Short- notice deposit accounts BRAC Bank Limited 319,635 3,750,038 AB Bank Limited 519,485 513,475 Islami Bank Bangladesh Limited 171,072 169,835 Uttara Bank Limited 8,470,266 2,155,993 9,480,458 6,589,341
Fixed deposit accounts/ MTDR Islamic Finance and Investment Limited 100,000,000 100,000,000 Hajj Finance Company Limited - 500,000,000 Social Islami Bank Limited - 300,000,000 Bank Alfalah limited 846,529 836,925 Union Bank Limited 150,000,000 150,000,000 250,846,529 1,050,836,925 364,197,331 1,249,200,515 5.2 Outside Bangladesh 5.2.1 Conventional and Islamic banking Current accounts Interest bearing : Citibank N.A., London (EURO) 619,543 159,182 Citibank N.A., London (GBP) 52,022,801 82,968,317 Citibank NA, New York (USD) - 302,610 Habib American Bank, New York - 144,425,283 Mashreqbank psc, New York (USD) 33,097,488 850,164 Standard Chartered Bank, Mumbai 42,606,818 5,900,215 Standard Chartered Bank, New York 206,929,819 7,768,429 335,276,468 242,374,200 Non-interest bearing : AB Bank Limited, Mumbai 5,510,394 11,400,461 Al Rajhi Bank K.S.A 1,584,110 1,584,110 Bhutan National Bank Limited, Thimphu 8,626,297 3,130,597 Casisse Centrale Desjardins 413,924 139,953 Commerzbank AG, Frankfurt (EURO) 3,681,981 355,026,015 Commerzbank AG, Frankfurt (USD) 4,423,918 594,622 Habib Metropolitan Bank Limited, Karachi 17,242,116 274,569 Habib Bank UK, London 322,510 928,580 ICICI Bank Limited, Kowloon 644,312 832,673 ICICI Bank Limited, Mumbai 15,061,559 20,363,433 JP Morgan Chase Bank N.A New York, U.S.A 3,245,980 6,627,865 Mashreqbank psc, Mumbai (EURO) 106,418 611,632 Muslim Commercial Bank Limited, Colombo 12,171,751 6,544,592 Muslim Commercial Bank Limited, Karachi - 5,309,756 National Australia Bank Limited 315,299 538,034 Nepal Bangladesh Bank Limited, Kathmandu 8,551,583 1,174,790 Sonali Bank (UK) Limited, London 5,725,528 5,426,143 Saudi Hollandi K.S.A 109,714 109,714 UBAF, Tokyo 1,092,958 1,694,244 Unicredit Bank AG, Munich (EURO)/Hypovereins Bank, Munich (EURO) - 772,144 Wells Fargo Bank NA, New York, (USD) 80,091,785 1,419,864 Wells Fargo Bank NA, London, (Euro) - 214,222 Zurcher Kantonal Bank, Switzerland 506,843 308,231 169,428,984 425,026,244 504,705,452 667,400,444 5.3 Placements With Banking companies (Note 5.3.1 and 5.3.2) 4,050,000,000 6,312,000,000 With Non-banking financial institutions (Note 5.3.3) - - 4,050,000,000 6,312,000,000 4,050,000,000 6,312,000,000
5(a) 5.3.1 Placement- with Banking companies (Local Currency): NRB Bank Limited 150,000,000 200,000,000 Jamuna Bank Limited 1,300,000,000 800,000,000 Midland Bank Limited - 250,000,000 AB Bank Limited - 800,000,000 National Bank 800,000,000 - Premier Bank 500,000,000 - Standard Bank Limited 1,300,000,000 800,000,000 Dhaka Bank Limited - 1,000,000,000 Meghna Bank Limited - 200,000,000 4,050,000,000 4,050,000,000 5.3.2 Placement- with Banking companies (Foreign Currency): Mutual Trust Bank Limited - 312,000,000 Eastern Bank Limited - 780,000,000 Islami Bank Bangladesh Limited - 1,170,000,000-2,262,000,000 4,050,000,000 6,312,000,000 Consolidated Balance with other banks and financial institutions In Bangladesh 4,414,197,331 7,561,200,515 Bank Asia Securities Limited 485,979,398 444,415,554 BA Express USA, Inc - - 4,900,176,729 8,005,616,069 Less: Inter-company transactions 22,850,283 5,510,002 4,877,326,446 8,000,106,067 Outside Bangladesh 613,360,940 714,631,191 Bank Asia Securities Limited - - BA Exchange Company (UK) Limited 14,691,211 11,453,875 BA Express USA, Inc 51,506,776 52,840,030 679,558,927 778,925,096 5,556,885,373 8,779,031,163 6 Money at call and on short notice Call money With Banking companies (Note 6.1) 800,000,000 1,730,000,000 With Non-banking financial institutions 420,000,000 1,500,000,000 1,220,000,000 3,230,000,000 6.1 Call Money- with Banking companies: Trust Bank Limited - 200,000,000 The City Bank Limited - 550,000,000 AB Bank Limited - 600,000,000 NRB Bank Limited - 180,000,000 National Credit and Commerce Bank Limited - 200,000,000 Brac Bank Limited 600,000,000 - NRB Commercial Bank Limited 200,000,000-800,000,000 1,730,000,000 6.2 Call Money- with non Banking companies Investment Corporation of Bangladesh - 1,500,000,000 International Leasing 50,000,000 - Prime Finance Limited 40,000,000 - Bangladesh Finance and Investment Co. Ltd. 70,000,000 - Industrial and Infrastructure Development Finance Company Limited 30,000,000 - Oman BD 50,000,000 - Union Capital 30,000,000 - BIFC 70,000,000 - United Leasing 80,000,000-420,000,000 1,500,000,000
6(a) Consolidated Money at call and on short notice 1,220,000,000 3,230,000,000 Bank Asia Securities Limited - - BA Express USA, Inc - - 1,220,000,000 3,230,000,000 7 Investments Government (Note 7.1) 32,483,906,011 43,717,224,029 Others (Note 7.2) 3,451,051,968 3,225,550,847 35,934,957,979 46,942,774,876 7.1 Government Conventional and Islamic banking (Note 7.1.1) 32,483,906,011 43,717,224,029 Off-shore banking unit - - 32,483,906,011 43,717,224,029 7.1.1 Conventional and Islamic banking Treasury bills (Note 7.1.1.1) 13,150,026,024 12,398,308,492 Treasury bonds (Note 7.1.1.2) 16,953,618,401 22,826,335,573 30 Days Bangladesh Bank bills 2,376,225,286 8,489,737,264 Debentures of House Building Finance Corporation - - Prize bonds 4,036,300 2,842,700 32,483,906,011 43,717,224,029 7.1.1.1 Treasury bills 14 days treasury bills 4,545,552,007-182 days treasury bills - 3,955,418,886 364 days treasury bills 8,604,474,017 8,442,889,606 13,150,026,024 12,398,308,492 7.1.1.2 Treasury bonds 7.2 Others Bangladesh Bank Islamic bond 442,500,000 316,500,000 2 years Bangladesh Government treasury bonds 55,103,467 4,423,112,974 5 years Bangladesh Government treasury bonds 4,504,469,124 4,504,469,124 10 years Bangladesh Government treasury bonds 6,351,676,732 7,982,384,397 15 years Bangladesh Government treasury bonds 5,357,143,643 5,357,143,643 20 years Bangladesh Government treasury bonds 242,725,435 242,725,435 16,953,618,401 22,826,335,573 Conventional and Islamic banking (Note 7.2.1) 3,451,051,968 3,225,550,847 Off-shore banking unit 428,253,704 268,320,000 Less: Adjustment with OBU (428,253,704) (268,320,000) 3,451,051,968 3,225,550,847 7.2.1 Conventional and Islamic banking a) Ordinary shares (Details are shown in Annexure-B) Quoted shares 644,620,223 575,132,992 Unquoted share 93,546,329 145,529,880 738,166,552 720,662,872 b) Mutual Fund (Details are shown in Annexure-B) 1st Janata Bank Mutual fund 50,000,000 50,000,000 EBL NRB Ist Mutual Fund 149,665,000 149,665,000 Ist Bangladesh Fixed Income Fund 250,000,000 250,000,000 MBL 1st Mutual Fund 50,000,000 50,000,000 EXIM Bank 1st Mutual Fund 248,740,000 248,740,000 748,405,000 748,405,000 c) Debentures Beximco Denims Limited 9,537,605 9,537,605 Beximco Textiles Limited 6,445,370 6,445,370 15,982,975 15,982,975
d) Bonds MTBL subordinated bond 112,500,000 112,500,000 MTB Second subordinated bond 400,000,000 400,000,000 UCB Second subordinated bond 300,000,000 300,000,000 BSRM Steels Limited zero coupon bond 199,997,441 - Premier Bank Non-convert subordinated bond 500,000,000 200,000,000 Prime Bank Limited 70,000,000 140,000,000 BSRML 66,000,000 88,000,000 SIBL subordinated Mudaraba bond 200,000,000 200,000,000 1,848,497,441 1,440,500,000 e) Investment in commercial paper Investment in commercial paper 100,000,000 300,000,000 100,000,000 300,000,000 f) Placements With Banking companies (Note 7.2.1(a)) - - With Non-banking financial institutions (Note 7.2.1(a)))(Note 7.2.1(b)) - - - - 3,451,051,968 3,225,550,847 7.2.1(a) Placement- with Non-banking financial institutions Placement with Off-shore Banking Unit 3,990,750,000 2,028,000,000 3,990,750,000 2,028,000,000 Less : Adjustment with OBU (3,990,750,000) (2,028,000,000) - - 7.3 Investments classified as per Bangladesh Bank circular: Held for trading (HFT) 11,656,893,390 26,142,981,291 Held to maturity (HTM) 20,380,476,321 17,254,900,038 Other securities 3,897,588,268 3,544,893,547 35,934,957,979 46,942,774,876 7(a) Consolidated Investments - (0) Government 32,483,906,011 43,717,224,029 Bank Asia Securities Limited - - BA Express USA, Inc - - 32,483,906,011 43,717,224,029 Others 3,451,051,968 3,225,550,847 Bank Asia Securities Limited 364,829,255 219,549,671 BA Express USA, Inc - - 3,815,881,223 3,445,100,518 36,299,787,234 47,162,324,547 8 Loans and advances/investments Loans, cash credits, overdrafts, etc/investments (Note 8.1) 152,026,196,098 126,986,780,735 Bills purchased and discounted (Note 8.2) 11,995,315,365 9,409,554,946 164,021,511,463 136,396,335,681 8.1 Loans, cash credits, overdrafts, etc/investments Conventional and Islamic banking Inside Bangladesh Overdrafts/ Quard against deposit 29,340,076,378 26,068,572,073 Cash credit/bai Murabaha (Muajjal) 3,725,650,412 1,240,217,716 Loans (General)/ Musharaka 34,586,361,986 25,657,793,569 House building loans 685,715,954 363,244,511 Loan against trust receipts/ Bai Murabaha post import 10,798,958,784 9,778,733,091 Payment against documents 334,580,009 83,837,021 Consumer credit scheme 6,176,766,643 5,482,235,146 Transport loan 1,593,925,761 1,372,176,280
Term loan- industrial 8,063,033,040 7,089,737,174 Term loan- others/ Hire purchase under Shirkatul Melk 39,127,730,574 35,884,085,008 Staff Loan 1,229,350,507 1,241,675,689 Credit card 1,218,008,204 1,147,963,907 Small and medium enterprise (SME) 3,586,437,223 3,414,655,444 Export Development Fund (EDF) 8,067,143,422 6,856,433,607 Credit for poverty alleviation scheme-micro credit 8,268,786 8,306,310 148,542,007,683 125,689,666,546 Outside Bangladesh - - 148,542,007,683 125,689,666,546 Off-shore banking unit 3,484,188,415 16,576,539 152,026,196,098 126,986,780,735 8.2 Bills purchased and discounted Conventional and Islamic banking 2,674,867,357 9,314,667,929 Off-shore banking unit 9,320,448,008 94,887,017 11,995,315,365 9,409,554,946 8.14 Bills purchased and discounted Payable in Bangladesh 10,247,591,033 8,274,990,805 Payable outside Bangladesh 1,747,724,332 1,134,564,141 11,995,315,365 9,409,554,946 8.(a) Consolidated Loans and advances/investments Loans, cash credits, overdrafts, etc/investments 152,026,196,098 126,986,780,735 Bank Asia Securities Limited 5,254,869,739 5,488,271,756 BA Express USA, Inc - - 157,281,065,837 132,475,052,491 Less: Inter- companies transactions 2,737,026,594 2,880,012,102 154,544,039,243 129,595,040,389 Bills purchased and discounted 11,995,315,365 9,409,554,946 Bank Asia Securities Limited - - BA Express USA, Inc - - 11,995,315,365 9,409,554,946 166,539,354,608 139,004,595,335 9 Fixed assets including premises, furniture and fixtures Conventional and Islamic banking (Note 9.1) 5,216,870,364 5,075,506,799 Off-shore banking unit - - 5,216,870,364 5,075,506,799 9(a) Consolidated Fixed assets including premises, furniture and fixtures 5,216,870,364 5,075,506,799 Bank Asia Securities Limited 822,944 1,071,096 BA Exchange Company (UK) Limited 6,109,779 7,479,587 BA Express USA, Inc 8,600,198 8,757,587 5,232,403,285 5,092,815,069 10 Other assets Conventional and Islamic banking (Note 10.1) 9,451,406,230 11,941,026,682 Off-shore banking unit 11,962,612 16,095,737 9,463,368,842 11,957,122,419 10.1 Conventional and Islamic banking Income generating other assets Investment in Bank Asia Securities Ltd - incorporated in Bangladesh 1,999,990,000 1,999,990,000 Investment in BA Exchange Company (UK) Limited - incorporated in UK 33,000,000 36,000,000 Investment in BA Express USA Inc - incorporated in USA 75,245,000 74,880,000 2,108,235,000 2,110,870,000
Non-income generating other assets Income receivable (Note 10.2) 569,372,675 749,621,375 Stock of stamps 5,080,907 4,437,741 Stationery, printing materials, etc 31,964,218 24,225,777 Prepaid expenses 21,232,870 4,597,953 Deposits and advance rent 288,691,871 286,441,642 Due from Capital Market Division of the Bank 5,085,152 4,999,998 Advances, prepayments and others (Note 10.3) 234,251,841 78,979,432 Advance income tax 5,756,216,165 8,232,300,531 Receivable against government 168,744,282 192,578,533 Sundry debtors 55,054,365 81,128,329 Protested bills 66,997,265 73,897,265 Receivable from BA Exchange Company (UK) Limited 47,800,283 38,788,424 Receivable from BA Express USA Inc 90,862,536 52,180,322 7,343,171,230 9,830,156,682 9,451,406,230 11,941,026,682 10.2 Income receivable Income receivable consists of interest accrued on investment and other income. 10.3 Advances, prepayments and others Advances, prepayments and others account consists of advance amount paid for purchasing of fixed assets, advance payment of rent for new branches of the Bank, advance against salary and legal expenses, etc. 10.4 Receivable from Government in connection with Rangs Properties: The Bank has a receivable from Government in connection with demolition of Rangs Bhaban in 2008 situated at 113-116 Old Airport Road, Dhaka-1215. Bank Asia had a purchased floor at 3rd floor of the Building, where from the then Scotia Branch used to run. Total receivable in this regard is Tk. 3,19,52,365.00 (Taka three crore nineteen lac fifty two thousand three hundred sixty five) which was eventually written-off from the Book considering uncertainty and prolonged legal proceedings. 10(a) Consolidated Other assets 9,463,368,842 11,957,122,419 Bank Asia Securities Limited 163,719,771 141,764,313 BA Exchange Company (UK) Limited 3,620,735 2,541,447 BA Express USA, Inc 62,239,786 29,742,877 9,692,949,134 12,131,171,056 Less: Inter- companies transactions Investment in Bank Asia Securities Limited 1,999,990,000 1,999,990,000 Investment in BA Exchange Company (UK) Limited 30,869,940 34,248,240 Investment in BA Express USA, Inc 74,880,000 75,120,000 Receivable from BASL 5,085,152 4,999,998 Receivable from BA Exchange Company (UK) Limited 47,800,283 38,788,424 Receivable from BA Exchange USA, Inc. 90,862,536 52,180,322 7,443,461,223 9,925,844,072 11 Borrowings from other banks, financial institutions and agents Conventional and Islamic banking (Note 11.1) 8,461,002,487 6,344,881,709 Off-shore banking unit 12,144,576,180 7,979,233,839 Less: Adjustment with Head Office (3,990,750,000) (2,028,000,000) 16,614,828,667 12,296,115,548 11.1 Conventional and Islamic banking In Bangladesh (Note 11.1.1) 8,461,002,487 6,344,881,709 Outside Bangladesh - - 8,461,002,487 6,344,881,709 11.1.1 In Bangladesh Secured: - - Un secured: Money at call and on short notice The Trust Bank Limited 700,000,000 - State Bank of India 380,000,000 150,000,000 Sonali Bank 800,000,000 - Rupali Bank 100,000,000-1,980,000,000 150,000,000
Term borrowing Bangladesh Bank (Islamic) 1,000,000,000 - Bangladesh Bank refinance 89,070,966 111,663,096 SME Foundation Pre Finance 45,000,000 45,000,000 Borrowing A/C (AGRI Taka 10) 9,552,566 12,534,753 Borrowing A/C Jute refinance 3,000,000 15,000,000 Bio-Gas Plant refinance 1,100,000 - Borrowing- Green finance refinance 190,000,000 - Export development fund 5,123,289,428 6,010,683,860 Onshore export discount fund 448,243,231 268,320,000 6,909,256,191 6,463,201,709 Less : Inter borrowings between OBU and Conventional Banking (428,253,704) (268,320,000) 8,461,002,487 6,344,881,709 11(a) 11(aa) Consolidated Borrowings from other banks, financial institutions and agents 16,614,828,667 12,296,115,548 Bank Asia Securities Limited 2,757,056,042 2,919,350,832 BA Express USA, Inc - - 19,371,884,709 15,215,466,380 Less : Inter borrowings between OBU and Conventional Banking 2,737,026,594 2,880,012,102 16,634,858,115 12,335,454,278 Subordinated Non-Convertible bonds Subordinated Non-Convertible Zero Coupon bond A.K Khan & Company Limited 131,432,375 131,432,375 AB Bank 1st Mutual Fund 19,964,080 19,964,080 EBL First Mutual Fund 5,252,844 5,252,844 EBL NRB Mutual Fund 10,472,960 10,472,960 EXIM Bank 1st Mutual Fund 21,027,740 21,027,740 First Bangladesh Fixed Income Fund 110,375,180 110,375,180 IFIC Bank 1st Mutual Fund 5,236,480 5,236,480 Industrial and Infrastructure Development Finance Company Limited (IIDFC) 6,442,507 6,442,507 Popular Life 1st Mutual Fund 5,236,480 5,236,480 315,440,646 315,440,646 Subordinated Non-Convertible floating rate bond Agrani Bank Limited 200,000,000 200,000,000 BRAC Bank Limited 100,000,000 100,000,000 Janata Bank Limited 250,000,000 250,000,000 Mercantile Bank Limited 500,000,000 500,000,000 One Bank Limited 600,000,000 600,000,000 Pubali Bank Limited 250,000,000 250,000,000 Rupali Bank Limited 600,000,000 600,000,000 Sonali Bank Limited 500,000,000 500,000,000 3,000,000,000 3,000,000,000 3,315,440,646 3,315,440,646 12 Deposits and other accounts Conventional and Islamic banking (Note 12.1) 177,396,167,021 168,779,426,028 Off-shore banking unit 1,121,947,041 1,047,914,363 178,518,114,062 169,827,340,391 Deposits and other accounts Current/Al-wadeeah current accounts and other accounts Deposits from banks - - Deposits from customers 33,840,265,747 28,576,124,590 33,840,265,747 28,576,124,590 Bills payable Deposits from banks - - Deposits from customers 3,005,264,056 3,936,675,238 3,005,264,056 3,936,675,238 Savings bank/mudaraba savings bank deposits Deposits from banks - - Deposits from customers 24,134,507,701 21,174,184,061 24,134,507,701 21,174,184,061
Fixed deposits/mudaraba fixed deposits Deposits from banks 1,527,648,937 28,516,974 Deposits from customers 114,888,480,580 115,063,925,165 116,416,129,517 115,092,442,139 177,396,167,021 168,779,426,028 12.1 Conventional and Islamic banking Deposits from banks (Note 12.1.1) 1,527,648,937 28,516,974 Deposits from customers (Note 12.1.2) 175,868,518,084 168,750,909,054 177,396,167,021 168,779,426,028 12.1.1 Deposits from banks Fixed deposit/snd AB Bank Limited 500,040,222 40,218 EXIM Bank Limited 12,027,407 19,906,448 Islami Bank Bangladesh Limited 1,000,000,000 - Sonali Bank Limited 14,500,000 7,500,000 Social Islami Bank Limited 539,628 534,138 Trust Bank Limited 541,680 536,170 1,527,648,937 28,516,974 Bangladesh Bank Refinance - - 1,527,648,937 28,516,974 12.1.2 Deposits from customers 12.1.2a Current/Al-wadeeah current accounts and other accounts ( Note 12.1.2a) 33,840,265,747 28,576,124,590 Bills payable (Note 12.1.2b) 3,005,264,056 3,936,675,238 Savings bank/mudaraba savings deposits 24,134,507,701 21,174,184,061 Fixed deposits/mudaraba fixed deposits (Note 12.1.2c) 114,888,480,580 115,063,925,165 175,868,518,084 168,750,909,054 Current/Al-wadeeah current accounts and other accounts Current/Al-wadeeah current accounts 14,568,099,517 11,223,610,142 Other demand deposit - Local currency 14,430,493,577 13,198,114,224 Other demand deposit - Foreign currencies 3,716,489,915 3,397,550,856 Foreign currency deposits 1,125,182,738 756,849,368 Export retention quota - - 33,840,265,747 28,576,124,590 12.1.2b Bills payable 12.1.2c Bills payable - local currency 2,999,078,062 3,930,474,264 Bills payable - foreign currencies 6,185,994 6,200,974 Demand draft - - 3,005,264,056 3,936,675,238 Fixed deposits/mudaraba fixed deposits Fixed deposits/mudaraba fixed deposits 63,165,666,503 66,067,219,535 Special notice deposit 18,997,850,091 17,363,342,993 Foreign currency deposits (interest bearing) 3,115,117 3,132,058 Deposit under schemes 32,721,848,869 31,630,230,579 114,888,480,580 115,063,925,165 12.2 Payable on demand and time deposits a) Demand deposits Current/Al-wadeeah current accounts and other accounts 15,676,407,380 12,257,959,194 Savings bank/mudaraba savings deposits 2,172,105,693 1,905,676,565 Foreign currency deposits (non interest bearing) 4,841,672,653 4,154,400,224 Sundry deposits 14,430,493,577 13,198,114,224 Bills payable 3,005,264,056 3,936,675,238 40,125,943,359 35,452,825,445 b) Time deposits Savings bank/mudaraba savings deposits 21,962,402,008 19,268,507,496 Fixed deposits/mudaraba fixed deposits 64,706,954,618 66,109,301,820 Foreign currency deposits (interest bearing) 3,115,117 3,132,058 Special notice deposit 18,997,850,091 17,363,342,993 Deposits under schemes 32,721,848,869 31,630,230,579 138,392,170,703 134,374,514,946 178,518,114,062 169,827,340,391
12(a) Consolidated Deposits and other accounts Current/Al-wadeeah current accounts and other accounts 34,948,573,610 29,610,473,642 Bank Asia Securities Limited 295,059,171 323,995,932 BA Exchange Company (UK) Limited BA Express USA, Inc 35,243,632,781 29,934,469,574 Less: Inter-company transactions 22,850,283 5,510,002 35,220,782,498 29,928,959,572 Bills payable 3,005,264,056 3,936,675,238 Bank Asia Securities Limited - - BA Express USA, Inc 3,005,264,056 3,936,675,238 Savings bank/mudaraba savings bank deposits 24,134,507,701 21,174,184,061 Bank Asia Securities Limited - - BA Express USA, Inc - - 24,134,507,701 21,174,184,061 Fixed deposits/mudaraba fixed deposits 116,429,768,695 115,106,007,450 Bank Asia Securities Limited - - BA Express USA, Inc - - 116,429,768,695 115,106,007,450 13 Other liabilities Conventional and Islamic banking (Note 13.1) 19,734,749,949 19,901,699,382 Off-shore banking unit - 27,381,536 19,734,749,949 19,929,080,918 13.1 Conventional and Islamic banking Provision for loans and advances/investments (Note 13.2) 6,896,939,904 5,996,663,988 Provision on off-balance sheet exposures (Note 13.3) 1,164,070,568 968,170,568 Interest suspense account (Note 13.4) 1,545,991,461 1,329,213,289 Provision for income tax including deferred tax (Note 13.4) 7,613,292,466 10,199,628,405 Provision for performance and festival bonus 107,289,160 227,942,238 Master card and Visa card payables 4,275,793 852,192 Expenditures and other payables 80,627,006 69,672,602 Obligation under finance lease (Note 13.5) 824,915 2,137,300 Provision for nostro accounts (Note 13.6) - - Other payable 70,910,672 58,670,181 Provision for profit equalisation 20,790,112 21,128,871 Provison for Smart Junior Saver A/c - 101,196 Provision for diminution in value of shares (Note 13.7) 143,383,553 143,383,553 Payable to Government 342,332,621 61,196,920 Provision for others (Note 13.8) 134,822,336 134,822,336 Unearned income 530,542,134 181,953,218 Clearing adjustment account 119,308,401 63,374,050 Interest payable on subordinated non-covertable zero coupon bond 191,265,252 155,988,585 Branch adjustment account credit balance 588,024,531 286,799,890 Nostro account credit balance 180,059,064-19,734,749,949 19,901,699,382 13.2 Provision for loans and advances/investments A. General Balance at the beginning of the year 2,997,793,755 1,090,135,458 Add: Provision made during the period On general loans and advances/investments etc. 74,840,769 1,517,658,297 Transfer from Provision for diminution in value of shares - 160,000,000 Transfer from Specific Provision - 230,000,000 74,840,769 1,907,658,297
Less: Provision no longer required Specific provision (170,000,000) - Written off (541,374,539) - (711,374,539) - Balance at the end of the period 2,361,259,985 2,997,793,755 B. Specific Balance at the beginning of the year 2,911,650,000-3,981,260,000 - Less: Transfer to General Provision - (230,000,000) Write off/amicable settlement during the period (139,431,793) (974,270,489) (139,431,793) (1,204,270,489) Add/ Back: Recoveries of amounts previously written off 25,082,248 55,044,236 Transfer from General Provision 170,000,000 - Specific provision made during the period 1,440,500,000 79,616,253 1,635,582,248 134,660,489 Balance at the end of the period 4,407,800,455 2,911,650,000 C. Total provision on loans and advances/investments (A+B) 6,769,060,440 5,909,443,755 D. General provision maintained for OBU as at 01 January 87,220,233 65,651,343 Add: Provision made during the period 40,659,231 21,568,890 Provision on loans and advances for OBU 127,879,464 87,220,233 E. Total provision on loans and advances/investments (C+D) 6,896,939,904 5,996,663,988 13.3 Provision on off-balance sheet exposures Balance at 1 January 966,878,338 713,516,428 Add: Provision made during the period 194,994,080 253,361,910 1,161,872,418 966,878,338 Less: Adjustments made during the period - - Balance at the end of the year 1,161,872,418 966,878,338 General provision maintained for OBU as at 01 January 1,292,230 1,755,118 Add: Provision made during the period 905,920 - Less: Adjustments made during the period - (462,888) 2,198,150 1,292,230 Balance at the end of the period 1,164,070,568 968,170,568 13.4 Provision for taxation Current tax (Note 13.4.1) 7,245,771,101 9,832,107,040 Deferred tax (Note 13.4.2) 367,521,365 367,521,365 7,613,292,466 10,199,628,405 13.4.1 Provision for current tax Balance at 1 January 9,832,107,040 8,297,368,394 Add: Provision made during the period 770,000,000 1,534,738,646 10,602,107,040 9,832,107,040 Less: Adjustments made during the period 3,356,335,939-7,245,771,101 9,832,107,040 13.4.2 Provision for deferred tax Balance at 1 January 367,521,365 352,260,011 Provision made for deferred tax liabilities: Charged/(credited) to profit and loss statement - 15,261,354 Charged/(credited) to revaluation reserve - - - 15,261,354 367,521,365 367,521,365 Provision made for deferred tax assets - - 367,521,365 367,521,365