Money at call and on short notice 5 1,500,000,000 1,450,000,000

INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Un-Audited Financial Statements As at and for the Half Year Ended 30 June 2015

Particulars Amount in BDT Note 30 June 2015 31 December 2014 PROPERTY AND ASSETS Cash 11,927,095,336 10,402,677,369 Cash in hand (including foreign currencies) 3.a 1,935,444,610 1,833,243,747 Balance with Bangladesh Bank and its agent bank(s) (including foreign currencies) 3.b 9,991,650,725 8,569,433,622 Balance with other banks and financial institutions 9,528,485,040 12,049,563,141 In Bangladesh 4.a 7,269,790,171 11,214,966,414 Outside Bangladesh 4.b 2,258,694,869 834,596,727 Money at call and on short notice 5 1,500,000,000 1,450,000,000 Investments 22,728,701,981 24,030,515,229 Government securities 6.a 16,475,234,411 17,217,294,297 Other investments 6.b 6,253,467,570 6,813,220,933 Loans and advances 113,392,934,089 104,419,397,669 Loans, cash credits, overdrafts etc. 7.a 104,889,635,478 96,670,129,520 Bills purchased and discounted 8.a 8,503,298,610 7,749,268,149 Fixed assets including premises, furniture and fixtures 9.a 3,077,197,230 2,946,853,254 Other assets 10.a 4,363,126,924 3,371,653,934 Non-banking assets 11 373,474,800 373,474,800 Total assets 166,891,015,400 159,044,135,396 LIABILITIES AND CAPITAL Liabilities INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Balance Sheet (Un-Audited) as at 30 June 2015 Borrowing from other banks, financial institutions and agents 12.a 7,233,469,788 5,924,591,258 Deposit and other accounts 13.a 133,748,185,702 129,863,053,203 Current deposit and other accounts 17,050,334,246 15,582,027,154 Bills payable 2,957,611,288 1,874,975,364 Savings bank deposit 20,019,968,522 18,366,462,687 Fixed deposit 93,720,271,647 94,039,587,998 Other liabilities 14.a 13,235,070,188 11,359,482,024 Total liabilities 154,216,725,678 147,147,126,485 Capital / Shareholders' equity Paid up capital 15.2 5,034,124,170 4,377,499,280 Statutory reserve 16 3,909,507,173 3,909,507,173 General reserve 17 55,771,397 55,771,397 Revaluation reserve against securities 18.a 16,343,053 1,575,539 Revaluation reserve against fixed assets 19 115,314,704 115,314,704 Reserve against non banking assets - - Foreign currency translation gain/(loss) 21.a 985,983 1,230,102 Surplus in profit and loss account 22.a 3,542,235,879 3,436,103,270 Attributable to equity holders 12,674,282,360 11,897,001,465 Non controlling interest 23 7,362 7,445 Total shareholders' equity 12,674,289,722 11,897,008,910 Total liabilities and shareholders' equity 166,891,015,400 159,044,135,396 2

Particulars Amount in BDT Note 30 June 2015 31 December 2014 OFF BALANCE SHEET ITEMS Contingent liabilities 24 46,604,645,725 47,824,432,743 Acceptances and endorsements 24.1 16,187,725,335 17,819,035,175 Letters of guarantee 24.2 8,542,022,718 6,644,832,531 Irrevocable letters of credit 24.3 13,178,587,801 14,473,667,235 Bills for collection 24.4 8,696,309,871 8,886,897,802 Other contingent liabilities - - Other commitments - - Documents credit and short term trade -related transactions - - Forward assets purchased and forward deposit placed - - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance Sheet exposures including contingent liabilities 46,604,645,725 47,824,432,743 Net Asset Value (NAV) Per Share 25.18 27.18 Company Secretary DMD & CFO Managing Director Director Chairman 3

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Profit and Loss Account (Un-Audited) for the half year ended 30 June 2015 Note 30 June 2015 30 Jun 2014 1 April to 30 June 2015 Amount in BDT 1 April to 30 June 2014 Interest income 26.a 6,244,966,296 5,868,556,085 3,247,708,676 2,990,426,581 Interest paid on deposits, borrowings etc. 27.a 4,357,390,927 4,340,071,353 2,207,851,129 2,098,944,751 Net Interest income 1,887,575,369 1,528,484,731 1,039,857,547 891,481,830 Investment income 28.a 1,223,800,178 1,229,427,629 622,564,793 591,372,540 Commission, exchange and brokerage 29.a 783,890,993 736,254,962 421,182,026 376,324,332 Other operating income 30.a 281,717,954 256,095,620 167,701,202 149,511,738 2,289,409,125 2,221,778,210 1,211,448,021 1,117,208,610 Total operating income 4,176,984,494 3,750,262,942 2,251,305,568 2,008,690,440 Salaries and allowances 31.a 1,031,700,924 936,350,270 557,895,779 545,093,382 Rent, taxes, insurance, electricity etc. 32.a 355,985,462 332,922,283 185,400,928 172,470,863 Legal expenses 33.a 6,195,435 1,867,520 2,005,101 854,322 Postage, stamp, telecommunication etc. 34.a 49,517,192 44,108,936 25,283,705 22,628,269 Stationery, printing, advertisement etc 35.a 85,661,998 55,236,632 40,739,176 32,791,445 Managing Director's salary 36 6,030,000 6,030,000 3,015,000 3,015,000 Directors' fees 37.a 413,750 641,090 323,750 337,590 Auditors' fee 38.a 400,000 575,000 400,000 575,000 Charges on loan loss 39 - - - - Depreciation and repair of bank's assets 40.a 190,933,755 138,582,571 100,388,931 76,542,525 Other expenses 41.a 292,530,408 304,089,409 156,068,809 156,198,247 Total operating expenses 2,019,368,924 1,820,403,710 1,071,521,178 1,010,506,643 Operating profit 2,157,615,570 1,929,859,232 1,179,784,390 998,183,797 Share of profit of investment in associate & joint 41.b 182,998,326 246,295,306 24,287,084 123,147,653 venture Profit before provision 2,340,613,897 2,176,154,537 1,204,071,473 1,121,331,450 Provision for loans, investments and other 42.a assets Specific provision 593,937,858 101,232,961 222,588,783 1,232,961 General provision 180,000,000 205,000,000 130,000,000 205,000,000 Provision for off-shore banking unit - - - - Provision for off-balance sheet exposures (10,000,000) 35,000,000 - - Provision for diminution in value of investments 11,768,037 6,000,000 (29,858,416) 75,596,247 Provision for other assets 22,775,569 86,000,000 12,775,569 26,000,000 Total provision 798,481,465 433,232,961 335,505,936 307,829,208 Profit/(Loss) before taxes 1,542,132,432 1,742,921,576 868,565,538 813,502,242 Provision for taxation Current tax 43.a 904,778,510 862,432,419 451,846,157 458,607,017 Deferred tax 43.b (208,424,298) (11,342,073) (77,936,198) 20,196,046 696,354,212 851,090,346 373,909,958 478,803,064 Net profit after taxation 845,778,221 891,831,230 494,655,579 334,699,178 Earnings per share (EPS) 1.68 1.77 0.98 0.66 Company Secretary DMD & CFO Managing Director Director Chairman 4

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Cash Flow Statement (Un-audited) for the half year ended 30 June 2015 Note 30 June 2015 Amount in BDT 30 June 2014 A. Cash flows from operating activities Interest received 7,274,874,422 7,086,536,957 Interest payments (4,516,183,653) (4,348,221,284) Dividend received 126,065,708 24,982,719 Fees and commission received 783,890,993 736,254,962 Recoveries of loans and advances previously written-off 64,055,287 58,512,722 Cash payments to employees (1,217,730,924) (933,135,613) Cash payments to suppliers (19,894,183) (69,082,930) Income taxes paid (524,554,011) (494,385,621) Receipts from other operating activities 44.a 289,056,705 308,262,061 Payments for other operating activities 45.a (741,560,800) (733,125,126) Operating cash flows before changing in operating assets and liabilities 1,518,019,544 1,636,598,846 Increase/(decrease) in operating assets and liabilities Statutory deposits - - Loans and advances to other banks - - Loans and advances to customers (7,311,577,130) (7,881,840,388) Other assets 47.a (745,034,049) 319,293,381 Deposits from other banks (415,902,000) (552,937,000) Deposits from customers 4,301,034,500 5,494,258,519 Trading liabilities - - Other liabilities 48.a 233,271,932 182,264,484 (3,938,206,747) (2,438,961,005) Net cash flows from operating activities (2,420,187,203) (802,362,159) B. Cash flows from investing activities Net proceeds/(payments) from sale/(purchase) of Government securities 104,071,479 2,247,601,551 Net proceeds/(payments) from sale/(purchase) of securities 455,961,757 (218,336,965) Purchase of property, plant & equipment (247,797,704) (45,277,272) Proceeds from sale of property, plant & equipment 2,244,031 10,103,554 Payment against lease obligation (3,405,207) - (3,703,117) Net cash from investing activities 311,074,357 1,990,387,751 C. Cash flows from financing activities Borrowing from other banks, financial institution and agents 1,308,878,529 267,899,566 Receipts from issue of sub-ordinated bond - - Dividend paid - - Net cash flows from financing activities 1,308,878,529 267,899,566 D. Net increase/(decrease) in cash (A+B+C) (800,234,317) 1,455,925,158 E. Effects of exchange rate changes on cash and cash equivalents (146,444,817) 6,042,938 F. Opening cash and cash equivalents 23,908,092,411 19,729,500,179 G. Closing cash and cash equivalents (D+E+F) 46.a 22,961,413,276 21,191,468,276 Closing cash and cash equivalents Cash in hand 1,935,444,610 2,171,084,149 Balance with Bangladesh Bank and its agents bank 9,991,650,725 8,673,056,665 Balance with other banks and financial institutions 9,528,485,040 9,389,093,862 Money at call and on short notice 1,500,000,000 950,000,000 Prize bonds 5,832,900 8,233,600 22,961,413,276 21,191,468,276 Net Operating Cash Flow Per Share (NOCFPS) (4.81) (1.83) 5

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Statement of Changes in Equity (Un-audited) for the half year ended 30 June 2015 Paid up capital Statutory reserve Assets revaluation reserve General reserve Revaluation gain/loss on investments F.C translation gain/(loss) Retained earnings Balance as at 1 January 2015 4,377,499,280 3,909,507,173 115,314,704 55,771,397 1,575,539 1,230,102 3,436,103,270 7,445 11,897,008,910 Impact of changes in accounting policy - - - - - - - - - Restated balance as at 1 January 2015 4,377,499,280 3,909,507,173 115,314,704 55,771,397 1,575,539 1,230,102 3,436,103,270 7,445 11,897,008,910 Surplus/deficit on account of revaluation of investments - - - - 14,767,514 - - - 14,767,514 Currency translation differences - - - - - - - - - Net gains and losses not recognized in the income - - - - - (244,119) - - (244,119) Net profit for the period - - - - - - 845,778,304 (83) 845,778,221 Dividends (Bonus shares) for the year 2014 656,624,890 - - - - - (656,624,890) - - Cash dividend from investment in associate & joint venture - - - - - - (83,020,805) - (83,020,805) Appropriation made during the period - - - - - - - - - Balance as at 30 June 2015 5,034,124,170 3,909,507,173 115,314,704 55,771,397 16,343,053 985,983 3,542,235,879 7,362 12,674,289,722 Balance as at 1 January 2014 3,806,521,120 3,374,079,154 115,314,704 55,771,397 16,043,518 (50,909) 2,481,399,733 7,201 9,849,085,919 Impact of changes in accounting policy - - - - - - - - - Restated balance as at 31 January 2014 3,806,521,120-3,374,079,154-115,314,704-55,771,397-16,043,518 - (50,909) - 2,481,399,733-7,201-9,849,085,919 - Surplus/deficit on account of revaluation of investments - - - - (22,442,124) - - - (22,442,124) Currency translation differences - - - - - - - - - statement - - - - - (684,469) - - (684,469) Net profit for the period - - - - - - 891,831,143 87 891,831,230 Dividends (Bonus shares) for the year 2013 570,978,160 - - - - - (570,978,160) - - Appropriation made during the period - - - - - - - - - Balance as at 30 June 2014 4,377,499,280 3,374,079,154 115,314,704 55,771,397 (6,398,606) (735,378) 2,802,252,716 7,288 10,717,790,556 Minority interest Amount in BDT Total 6

Amount in BDT Particulars Note 30 June 2015 31 December 2014 PROPERTY AND ASSETS Cash 3 11,907,576,805 10,398,813,316 Cash in hand (including foreign currencies) 3.1 1,915,926,079 1,829,379,694 Balance with other banks and financial institutions 4 9,523,964,390 12,042,832,451 In Bangladesh 4.1 7,269,790,171 11,214,966,413 Outside Bangladesh 4.2 2,254,174,220 827,866,037 Money at call and on short notice 5 1,500,000,000 1,450,000,000 Investments 6 21,443,465,118 22,845,255,886 Government securities 6.1 16,475,234,411 17,217,294,297 Other investments 6.2 4,968,230,707 5,627,961,589 Loans and advances 7 111,162,865,554 102,282,149,309 Loans, cash credits, overdrafts etc. 7.1 102,659,566,943 94,532,881,160 Bills purchased and discounted 8 8,503,298,610 7,749,268,149 Fixed assets including premises, furniture and fixtures 9 3,060,717,106 2,929,319,758 Other assets 10 5,028,357,557 4,016,791,501 Non-banking assets 11 373,474,800 373,474,800 Total assets 164,000,421,330 156,338,637,021 LIABILITIES AND CAPITAL Liabilities INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Separate Balance Sheet (Un-audited) as at 30 June 2015 Balance with Bangladesh Bank and its agent bank(s) (including foreign currencies) 3.2 9,991,650,725 8,569,433,622 Borrowing from other banks, financial Institutions and agents 12 6,888,431,563 5,621,445,116 Deposit and other accounts 13 133,766,466,931 129,745,805,362 Current deposit and other accounts 13.1 17,068,615,475 15,464,779,314 Bills payable 13.2 2,957,611,288 1,874,975,364 Savings bank deposit 13.3 20,019,968,522 18,366,462,687 Fixed deposit 13.4 93,720,271,647 94,039,587,998 Other liabilities 14 12,033,492,643 10,343,270,674 Total liabilities 152,688,391,136 145,710,521,153 Capital / Shareholders' equity Paid up capital 15.2 5,034,124,170 4,377,499,280 Statutory reserve 16 3,909,507,173 3,909,507,173 General reserve 17 55,771,397 55,771,397 Revaluation reserve against securities 18 16,343,053 1,575,539 Revaluation reserve against fixed assets 19 115,314,704 115,314,704 Reserve against non banking assets 20 - - Foreign currency translation gain/(loss) 21 - - Surplus in profit and loss account 22 2,180,969,696 2,168,447,775 Attributable to equity holders 11,312,030,194 10,628,115,868 Non controlling interest 23 - - Total shareholders' equity 11,312,030,194 10,628,115,868 Total liabilities and shareholders' equity 164,000,421,330 156,338,637,021 7

Amount in BDT Particulars Note 30 June 2015 31 December 2014 OFF BALANCE SHEET ITEMS Contingent liabilities 24 46,604,645,725 47,824,432,743 Acceptances and endorsements 24.1 16,187,725,335 17,819,035,175 Letters of guarantee 24.2 8,542,022,718 6,644,832,531 Irrevocable letters of credit 24.3 13,178,587,801 14,473,667,235 Bills for collection 24.4 8,696,309,871 8,886,897,802 Other contingent liabilities - - Other commitments - - Documents credit and short term trade -related transactions - - Forward assets purchased and forward deposit placed - - Undrawn note issuance and revolving underwriting facilities - - Undrawn formal standby facilities, credit lines and other commitments - - Total off-balance Sheet exposures including contingent liabilities 46,604,645,725 47,824,432,743 Net Asset Value(NAV) Per Share 22.47 24.28 Company Secretary DMD & CFO Managing Director Director Chairman 8

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Separate Profit and Loss Account (Un-audited) for the half year ended 30 June 2015 Note Amount in Taka 30 June 2015 30 Jun 2014 1 April to 30 June 2015 Amount in BDT 1 April to 30 June 2014 Interest income 26 6,219,482,802 5,848,075,108 3,239,443,570 2,982,187,533 Interest paid on deposits, borrowings, etc. 27 4,338,502,794 4,312,997,965 2,197,042,624 2,085,211,217 Net Interest income 1,880,980,008 1,535,077,143 1,042,400,946 896,976,316 Investment income 28 1,223,757,278 1,217,524,079 538,725,596 591,314,040 Commission, exchange and brokerage 29 734,761,039 697,899,307 391,385,506 359,149,803 Other operating income 30 281,621,942 255,942,622 167,671,896 149,418,447 2,240,140,259 2,171,366,007 1,097,782,998 1,099,882,289 Total operating income 4,121,120,267 3,706,443,150 2,140,183,943 1,996,858,606 Salaries and allowances 31 1,018,888,430 923,955,829 550,957,633 537,939,247 Rent, taxes, insurance, electricity, etc. 32 348,648,381 326,191,185 181,506,819 168,845,503 Legal expenses 33 5,503,827 1,564,795 1,716,361 667,945 Postage, stamp, telecommunication, etc. 34 49,447,045 43,972,990 25,244,972 22,555,927 Stationery, printing, advertisement, etc 35 85,051,709 54,741,818 40,378,075 32,551,956 Managing Director's salary 36 6,030,000 6,030,000 3,015,000 3,015,000 Directors' fees 37 385,000 510,000 295,000 310,000 Auditors' fee 38 400,000 575,000 400,000 575,000 Charges on loan loss 39 - - - - Depreciation and repair of bank's assets 40 188,936,034 136,448,801 99,393,092 75,416,774 Other expenses 41 278,387,046 294,881,815 147,990,879 151,174,913 Total operating expenses 1,981,677,472 1,788,872,233 1,050,897,829 993,052,265 Profit/(Loss) before provision 2,139,442,795 1,917,570,918 1,089,286,114 1,003,806,341 Provision for loans, investments and 42 other assets Specific provision 575,944,713 100,000,000 233,365,206 - General provision 180,000,000 205,000,000 130,000,000 205,000,000 Provision for off-shore Banking unit - - - - Provision for off-balance sheet exposure (10,000,000) 35,000,000 - - Provision for diminution in value of investments 10,000,000 6,000,000 (30,000,000) 76,000,000 Other provisions 22,775,569 86,000,000 12,775,569 26,000,000 Total Provision 778,720,283 432,000,000 346,140,775 307,000,000 Profit/(Loss) before taxes 1,360,722,513 1,485,570,918 743,145,339 696,806,341 Provision for taxation 43 Current tax 900,000,000 860,000,000 450,000,000 460,000,000 Deferred tax expense/(income) (208,424,298) (11,342,073) (77,936,198) 20,196,046 691,575,702 848,657,927 372,063,802 480,196,046 Net profit after taxation 669,146,811 636,912,991 371,081,538 216,610,294 Earnings per share (EPS) 50 1.33 1.27 0.74 0.43 Company Secretary DMD & CFO Managing Director Director Chairman 9

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Separate Cash Flow Statement (Un-audited) for the half year ended 30 June 2015 Note 30 June 2015 Amount in BDT 30 June 2014 A. Cash flows from operating activities Interest received 7,249,390,928 7,066,055,981 Interest payments (4,497,295,520) (4,321,147,896) Dividend received 126,022,808 24,824,219 Fees and commission received 734,761,039 697,899,307 Recoveries of loans and advances previously written-off 64,055,287 58,512,722 Cash payments to employees (1,204,918,430) (920,741,172) Cash payments to suppliers (19,894,183) (69,082,930) Income taxes paid (524,554,011) (494,385,621) Receipts from other operating activities 44 288,917,794 296,205,513 Payments for other operating activities 45 (718,679,563) (716,121,860) Operating cash flows before changing in operating assets and liabilities 1,497,806,148 1,622,018,262 Increase/(decrease) in operating assets and liabilities. Statutory deposits - - Loans and advances to other banks - - Loans and advances to customers (7,426,677,912) (7,616,537,052) Other assets 47 (764,232,094) 290,809,035 Deposits from other banks (415,902,000) (552,937,000) Deposits from customers 4,436,563,568 5,507,866,113 Trading liabilities - - Other liabilities 48 41,369,483 (5,234,743) (4,128,878,955) (2,376,033,648) Net cash flows from operating activities (2,631,072,806) (754,015,385) B. Cash flows from investing activities Net proceeds/(payments) from sale/(purchase) of Government securities 104,071,479 2,247,601,551 Net proceeds/(payments) from sale/(purchase) of securities 555,939,277 (253,231,707) Purchase of property, plant & equipment (247,917,194) (45,277,272) Proceeds from sale of property, plant & equipment 2,244,031 10,103,554 Payment against lease obligation (3,405,207) (3,703,117) Net cash from investing activities 410,932,386 1,955,493,009 C. Cash flows from financing activities Borrowing from other banks, financial institution and agents 1,266,986,446 267,899,566 Receipts from issue of sub-ordinated bond - - Dividend paid - - Net cash flow from financing activities 1,266,986,446 267,899,566 D. Net increase/(decrease) in cash (A+B+C) (953,153,974) 1,469,377,189 E. Effects of exchange rate changes on cash and cash equivalents (6,969,598) 9,973,323 F. Opening cash and cash equivalents 23,897,497,667 19,721,469,665 G. Closing cash and cash equivalents (D+E+F) 46 22,937,374,095 21,180,873,532 Closing cash and cash equivalents Cash in hand 1,915,926,079 2,171,043,798 Balance with Bangladesh Bank and its agents bank 9,991,650,725 8,673,056,665 Balance with other banks and financial institutions 9,523,964,390 9,378,539,469 Money at call and on short notice 1,500,000,000 950,000,000 Prize bonds 5,832,900 8,233,600 22,937,374,095 21,180,873,532 Net Operating Cash Flow Per Share (NOCFPS) (5.23) (1.72) 10

Particulars INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Separate Statement of Changes in Equity (Un-audited) for the half year ended 30 June 2015 Paid up capital Statutory reserve Assets revaluation reserve General reserve Revaluation gain/loss on investments F.C translati on gain/los Retained earnings Balance as at 1 January 2015 4,377,499,280 3,909,507,173 115,314,704 55,771,397 1,575,539-2,168,447,775-10,628,115,868 Impact of changes in accounting policy - - - - - - - - - Restated balance as at 1 January 2015 4,377,499,280 3,909,507,173 115,314,704 55,771,397 1,575,539-2,168,447,775-10,628,115,868 Surplus/deficit on account of revaluation of investments - - - - 14,767,514 - - - 14,767,514 Currency translation differences - - - - - - - - - Net gains and losses not recognized in the income statement - - - - - - - - - Net profit for the period - - - - - - 669,146,811-669,146,811 Dividends (Bonus shares) for the year 2014 656,624,890 - - - - - (656,624,890) - - Appropriation made during the period - - - - - - - - - Balance as at 30 June 2015 5,034,124,170 3,909,507,173 115,314,704 55,771,397 16,343,053-2,180,969,696-11,312,030,194 Minority interest Amount in BDT Total Balance as at 1 January 2014 3,806,521,120 3,374,079,154 115,314,704 55,771,397 16,043,518-1,730,120,902-9,097,850,795 Impact of changes in accounting policy - - - - - - - - - Restated balance as at 1 January 2014 3,806,521,120 3,374,079,154 115,314,704 55,771,397 16,043,518-1,730,120,902-9,097,850,795 Surplus/deficit on account of revaluation of investments - - - - (12,459,952) - - - (12,459,952) Currency translation differences - - - - - - - - - Net gains and losses not recognized in the income statement - - - - - - - - - Net profit for the period - - - - - - 636,912,991-636,912,991 Dividends (Bonus shares) for the year 2013 570,978,160 - - - - - (570,978,160) - - Appropriation made during the period - - - - - - - - - Balance as at 30 June 2014 4,377,499,280 3,374,079,154 115,314,704 55,771,397 3,583,566-1,796,055,733-9,722,303,834 11

Notes to the Financial Statements - (Un-audited) as at and for the half year ended 30 June 2015 1 Legal status and nature of the Bank 1.1 IFIC Bank Limited IFIC Bank Limited denoted as International Finance Investment and Commerce Bank Limited, started its journey in 1976 at the instance of the Government as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company. In 1983 when the Government allowed to open up banking in the private sector, the finance company was converted into a full fledge commercial bank and incorporated as a public limited company in Bangladesh under the Companies Act 1913, currently governed under the Bank Companies Act 1991 (amended up to 2013) and rules and regulations issued by Bangladesh Bank. The registered office of the Bank is situated at BDBL Bhaban (8th - 10th & 16th-19th floors), 8 Rajuk Avenue, Dhaka-1000. Its shares are listed with Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. The Government of the People's Republic of Bangladesh now holds 32.75% shares of the Bank. Directors and Sponsors hold 11.31% share and the remaining 55.94% share held by the general public. At present, the Bank has 120 branches and 50 own ATM booths. The Bank has an Off-shore Banking Unit (OBU) located at Dhaka and also two wholly owned subsidiary companies namely IFIC Securities Limited and IFIC Money Transfer (UK) Limited. Moreover, the Bank also has investment in joint venture companies in abroad namely Nepal Bangladesh Bank Limited, Oman International Exchange LLC and NIB Bank Limited, Pakistan. 1.2 Nature of business activities The principal activities of the Bank are to provide all types of commercial banking services, within the stipulations laid down by Bank Companies Act 1991 and directives as received from Bangladesh Bank time to time, through its branches, SME centre and alternative delivery channels like ATM Booths, Mobile and Internet Banking. 1.3 Off-shore Banking Unit (OBU) Off-shore Banking Unit (OBU) is a separate business unit of IFIC Bank Limited. Bank obtained permission for OBU operations from Bangladesh Bank vide its letter no. BRPD (P-3) 744 (104)/2009-4233 dated 17 November 2009. The unit commenced its operation from 19 May 2010. Presently the bank has 01 (one) Off-shore Banking Unit in Bangladesh. The OBU is governed under the rules and regulations of Bangladesh Bank. 1.4 IFIC Securities Limited IFIC Securities Limited, a fully owned subsidiary company of IFIC Bank Limited was incorporated as a public limited company in Bangladesh on 2 November 2010 vide certificate of incorporation no. C-87904/10 having registered office at BDBL Bhaban 8th floor, 8 Rajuk Avenue, Dhaka-1000. It acquired membership of Dhaka Stock Exchange Limited for brokerage transaction vide Bangladesh Security Exchange Commission (BSEC) certificate no. 3.1/DSE-192/2009/316 dated 1 January 2009. The main objectives of the company is to carry out the business of stock brokers/ dealers relating to dealing of shares and securities as well as other services as mentioned in the Memorandum and Articles of Association of the company. The operation of the company starts on 10 March 2011. 1.5 IFIC Money Transfer (UK) Limited IFIC Money Transfer (UK) Limited was incorporated as a private limited company with Companies House of England and Wales under registration no. 07379137 on 16 September 2010. The company is a wholly owned subsidiary of IFIC Bank Limited. IFIC Money Transfer (UK) Limited obtained Money Laundering registration on 17 January 2011 issued by HM Customs and Excise. The company got registration from Financial Services Authority (FSA) on 16 June 2011 under Payment Services Regulations 2009. The company commenced its operation on 31 August 2011. The registered office of the company is located at Ferrari House, 2 nd Floor, 102 College Road, Harrow, Middlesex, United Kingdom HAI IES, London, UK. The Bank has obtained necessary permission from Bangladesh Bank to open the fully owned subsidiary in UK. 12

2 Basis of preparation and significant accounting policies of Financial Statements 2.1 Statement of compliance The seperate financial statements of the Bank and the consolidated financial statements of the Group comprising the Bank and its subsidiaries as at and for the half year ended 30 June 2015 have been prepared on a going concern basis following accrual basis of accounting except cash flow statement and under the historical cost basis, except for Government securities which are stated at fair/market value and freehold land which are measured at revalued amount in accordance with the "First Schedule" (section 38) of the Bank Companies Act 1991, as amended by the BRPD Circular no. 14 dated 25 June 2003, rules & regulations issued by Bangladesh Bank time to time, the Companies Act 1994, the Securities and Exchange Rules 1987, listing regulations of Dhaka and Chittagong Stock Exchanges, International Financial Reporting Standards (IFRSs) as adopted in Bangladesh by the Institute of Chartered Accountants of Bangladesh as Bangladesh Financial Reporting Standards (BFRSs) except in the circumstances where local regulations differ, and with other applicable laws and regulations applicable in Bangladesh. In case the requirement of provisions and circulars issued by Bangladesh Bank differ with those of other regulatory authorities and BFRSs, the provisions and circulars issued by Bangladesh Bank have been applied. The presentation of the financial statements has been made as per the requirements of the BRPD Circular No. 14 dated 25 June 2003 issued by the Banking Regulation and Policy Department of Bangladesh Bank. The accounting policies followed for preparation of these half-yearly financial statements are similar to those followed for the year ended 31 December 2014. 2.2 Basis of consolidated and combined financial statements The financial statements of the Bank includes the Consolidated Financial Statements of the Bank as a Group of Bank and its subsidiaries and the Seperate Financial Statements of the Bank as the stand-alone entity. The consolidated financial statements include the financial statements of the Bank and its two subsidiary companies namely, IFIC Securities Limited operating in Bangladesh and IFIC Money Transfer (UK) Limited operating in United Kingdom made up to the end of the financial period. The seperate financial statements are derived by combining the financial statements of main operation of IFIC Bank Limited and the financial statements of Off-shore Banking Unit operating in Bangladesh. The consolidated financial statements have been prepared in accordance with BAS 27: Separate Financial Statements and BFRS 10: Cosolidated Financial Statements. The consolidated financial statements are prepared to a common financial half year ended 30 June 2015. Both consolidated financial statements and separate financial statements of the Bank comprises Balance Sheet, Profit & Loss Statement, Cash Flow Statement, Statement of Changes in Equity, Liquidity Statements and relevant notes and disclosures. 2.3 Accounting for associates In order to comply with the BAS 28: Investment in Associates and Joint Venture and BFRS 11: Joint Arrangement, the Bank required to account for investment in associates and jont ventures under equity method of accounting through initial recognition of the investment in an associate or a joint venture at cost, and changes of carrying amount of investment due to recognition of the investor's share of the profit or loss after the date of acquisition. Therefore, until 30 June 2014, equity method of accounting was not followed in the Group's consolidated financial statements of IFIC Bank Limited. However, there was practical limitations with regards to location of the investee in abroad and financial year of one of the investees is quite different from that of the Bank (17 July each year). As a result, relevant figures of the year/period have been restated to reflect the equity method of accounting for associates and joint ventures in the consolidated financial statements. The seperate financial statements of the Bank are not impacted by these changes. 2.4 Cash flow statement Cash flow statement has been prepared in accordance with BAS 7 "Cash Flow Statement" and under the guideline of Bangladesh Bank BRPD Circular no. 14 dated 25 June 2003 in direct method as recommended. 13

2.5 Statement of changes in equity Statement of changes in equity has been prepared in accordance with BAS 1 "Presentation of Financial Statements" and following the guidelines of Bangladesh Bank BRPD Circular no. 14 dated 25 June 2003. It reflects information about the increase or decrease in net wealth. 2.6 Reporting period These financial statements cover first half-year from 1 January 2015 to 30 June 2015. 2.7 Earnings per share (EPS) Earnings per share (EPS) is calculated in accordance with BAS 33: Earnings Per Share, which has been shown on the face of the profit and loss account. 2.8 Events after the Reporting Period No other material event occurred after the balance sheet date, which would materially affect the amounts or disclosures in these financial statements. 14

Notes to the Financial Statements- (Un-audited) as at and for the half year ended 30 June 2015 Amount in BDT Note 30 June 2015 31 December 2014 3 Cash Cash in hand (including foreign currencies) 3.1 1,915,926,079 1,829,379,694 Balance with Bangladesh Bank and its agent bank(s) (including 3.2 9,991,650,725 8,569,433,622 foreign currencies) 11,907,576,805 10,398,813,316 3.1 Cash in hand (including foreign currencies) Local currency in hand 1,799,839,687 1,705,383,369 Foreign currencies in hand 25,552,892 26,451,957 Cash with ATM 90,533,500 97,544,368 1,915,926,079 1,829,379,694 3.2 Balance with Bangladesh Bank and its agents bank Bangladesh Bank Local currency 8,825,311,963 7,873,724,336 Foreign currency 571,858,086 316,360,496 9,397,170,049 8,190,084,832 Sonali Bank as agent of Bangladesh Bank 594,480,677 379,348,790 9,991,650,725 8,569,433,622 3.a Consolidated cash in hand IFIC Bank Limited 3.1 1,915,926,079 1,829,379,694 IFIC Securities Limited 45,551 40,350 IFIC Money Transfer (UK) Limited 19,472,980 3,823,703 1,935,444,610 1,833,243,747 3.b Balance with Bangladesh Bank and its agents bank IFIC Bank Limited 3.2 9,991,650,725 8,569,433,622 IFIC Securities Limited - - 9,991,650,725 8,569,433,622 11,927,095,336 10,402,677,369 4 Balance with other banks and financial institutions In Bangladesh 4.1 7,269,790,171 11,214,966,413 Outside Bangladesh 4.2 2,254,174,220 827,866,037 9,523,964,390 12,042,832,451 4.1 In Bangladesh In current deposit account with Agrani Bank Ltd. 65,038,588 46,033,163 Sonali Bank Ltd. 16,506,802 1,802 81,545,391 46,034,966 In special notice deposit account with Trust Bank Ltd 33,857,196 28,778,838 Standard Chartered Bank 11,284,301 19,718,879 45,141,497 48,497,717 In beneficiary owner (BO) account with IFIC Securities Ltd. 13,037,742 170,307,518 ICB Securities - 60,672 Latif Securities 65,541 65,541 13,103,283 170,433,731 In fixed deposit account with banks and NBFIs Peoples Leasing & Financial Services Ltd. 180,000,000 200,000,000 Bangladesh Indudtrial Finance Company Ltd. 400,000,000 900,000,000 IIDFC 150,000,000 150,000,000 Mercantile Bank Ltd. - 700,000,000 15

Amount in BDT Note 30 June 2015 31 December 2014 Investment Corporation of Bangladesh(ICB) 6,400,000,000 7,000,000,000 Bank Alfalah Ltd. - 200,000,000 Eastern Bank Ltd. - 900,000,000 BRAC Bank Ltd. - 900,000,000 7,130,000,000 10,950,000,000 7,269,790,171 11,214,966,413 4.2 Outside Bangladesh (NOSTRO Accounts) Current account J.P. Morgan Chase Bank, New York 971,790,313 246,399,789 Citi Bank N.A. New York 312,527,569 26,294,461 HSBC Bank, New York 121,561,173 141,075,757 Standard Chartered Bank, London 13,669,381 14,672,284 Masreq Bank PSC, New York 282,354,653 141,313,122 Mashreq Bank, PSC, Mumbai, India 15,413,918 30,326,818 Standard Chartered Bank, New York 13,642,182 36,110,261 Wells Fargo Bank, New York 117,796,749 43,756,461 Sonali Bank, (UK) Limited 36,202,449 22,766,366 HSBC Bank, Mumbai - - Standard Chartered Bank, Kolkata 44,897,728 6,672,438 AB Bank Ltd., Mumbai 70,221,423 1,145,103 NIB Bank Ltd, Karachi, Pakistan 18,712,106 20,173,779 National Trust Bank Ltd., Colombo 244,622 3,220,875 Nepal Bangladesh Bank Ltd., Kathmandu, Nepal 61,315,012 11,484,215 Sonali Bank, Kolkata 17,314,304 18,668,811 State Bank of India, Kolkata 4,792,328 4,801,525 Bank of Bhutan, Phuentosoling 206,999 2,638,482 ICIC Bank Ltd. 35,400,219 8,725,430 Commerz Bank AG, Frankfurt 28,598,617 33,729,371 Habib American Bank, New York 28,766,389 590,856 J.P. Morgan Chase Bank, Sydney 2,881,164 503,602 The Bank Nova Scotia, Toronto, Canada - (176,591) Habib Bank AG, Zurich 3,768 588,899 Commerz Bank AG,Frankfurt 8,612,664 (15,054,682) J.P. Morgan Chase Bank AG, Frankfurt 144,925 3,614,231 Sonali Bank UK London 648,089 622,719 Standard Chartered Bank, London 38,989,448 8,616,942 AB Bank Ltd., Mumbai 2,185,600 - Sonali Bank(UK)Limited 5,127,956 14,415,312 Bank of Tokyo- Mitsubishi,Tokyo 152,471 169,402 2,254,174,220 827,866,037 4.a Consolidated balance with other banks and financial institutions In Bangladesh IFIC Bank Limited 4.1 7,269,790,171 11,214,966,413 IFIC Securities Limited 64,569,099 92,162,560 7,334,359,269 11,307,128,973 Less: Inter -company transaction 64,569,098 92,162,559 7,269,790,171 11,214,966,414 16

Amount in BDT Note 30 June 2015 31 December 2014 4.b Outside Bangladesh IFIC Bank Limited 4.2 2,254,174,220 827,866,037 IFIC Securities Limited - - IFIC Money Transfer (UK) Limited 4,520,649 6,730,690 2,258,694,869 834,596,727 Less: Inter -company transaction - - 2,258,694,869 834,596,727 9,528,485,040 12,049,563,141 5 Money at call and on short notice Banking companies Bank Alfalah Ltd. 50,000,000 100,000,000 BRAC Bank Ltd. 1,200,000,000 - AB Bank Ltd. 100,000,000 - Farmers Bank Ltd. 150,000,000 - Bank Asia Ltd. - 600,000,000 Standard Bank Ltd. - 300,000,000 Jamuna Bank Ltd. - 300,000,000 1,500,000,000 1,300,000,000 Non banking financial institution Investment Corporation of Bangladesh (ICB) - 150,000,000 1,500,000,000 1,450,000,000 6 Investments Government Securities 6.1 16,475,234,411 17,217,294,297 Other Investments 6.2 4,968,230,707 5,627,961,589 21,443,465,118 22,845,255,886 6.1 Government securities Treasury bills 6.1.1 5,166,288,765 7,819,903,997 Treasury bonds 6.1.2 10,665,819,856 9,381,538,399 Bangladesh Bank bills 627,292,890 - Prize bond 5,832,900 5,851,900 Debentures 6.1.3 10,000,000 10,000,000 16,475,234,411 17,217,294,297 6.1.1 Treasury bills 91 days treasury bills 1,293,552,809 1,202,637,926 182 days treasury bills 833,119,480 3,383,389,729 364 days treasury bills 3,039,616,476 3,233,876,343 5,166,288,765 7,819,903,997 6.1.2 Treasury bonds 2 years Treasury bond 1,925,357,455 211,945,024 5 years Treasury bond 1,291,847,890 1,701,895,636 10 years Treasury bond 5,210,354,807 5,229,438,036 15 years Treasury bond 1,262,304,464 1,262,304,464 20 years Treasury bond 975,955,239 975,955,239 10,665,819,856 9,381,538,399 6.1.3 Debentures House Building Finance Corporation 10,000,000 10,000,000 10,000,000 10,000,000 6.2 Other investments Unquoted shares Karma Sangsthan Bank 20,000,000 20,000,000 Central Depository Bangladesh Ltd. 22,847,220 22,847,220 Energy Pack Power Company Ltd. 25,960,000 25,960,000 68,807,220 68,807,220 17

Amount in BDT Note 30 June 2015 31 December 2014 Quoted shares National Housing Finance & Investment Ltd. 39,010,000 39,010,000 Power Grid Compay Ltd. 275,412,488 275,412,488 Delta Life Insurance Company Ltd. 83,187,944 83,187,944 Khulna Power Company Ltd. 15,465,804 34,423,040 RAK Ceramics Ltd. - 10 Summit Power Ltd. 108,786,696 108,786,696 Summit Alliance Port Ltd. 27,546,745 27,546,745 British Americal Tobacco Bangladesh 91,744,278 91,744,278 Eastland Insurance Company Ltd. 8,941,428 8,941,428 TITAS Gas Transmission and Distribution Ltd. 465,701,734 466,084,720 Beximco Ltd. 1,264,121,634 1,264,121,634 Malek Spinning Mills Company Ltd. 7,681 7,681 DESCO Ltd. 5,019,423 6,972,919 Unique Hotel and Resorts Ltd. 21,029,385 21,029,385 The City Bank Ltd. 194,197,477 194,197,477 MJL Bangladesh Ltd. 50,712,550 86,128,123 Fareast Life Insurance Ltd. 136,631,812 136,631,812 Beximco Pharmaceuticals Ltd. 194,309,970 201,481,540 Northern General Insurance Company Ltd. 10,951,563 10,951,563 Reliance Insurance Ltd. 11,674,463 11,674,463 3,004,453,074 3,068,333,947 Mutual funds IFIC Bank 1st Mutual Fund 250,000,000 250,000,000 ICB Employee 1st Mutual Fund 17,986,473 17,986,473 267,986,473 267,986,473 Debt securities Banglalion Communication Ltd. - 579,997,606 Outside Bangladesh Nepal Bangladesh Bank Ltd. 6.2.1 1,278,835,276 1,294,019,575 Oman International Exchange LLC 6.2.2 17,684,118 17,718,055 NIB Bank Ltd., Pakistan 6.2.3 330,464,546 331,098,714 1,626,983,941 1,642,836,344 4,968,230,707 5,627,961,589 6.a Consolidated investments Government Securities IFIC Bank Limited 6.1 16,475,234,411 17,217,294,297 IFIC Securities Limited - - 16,475,234,411 17,217,294,297 6.b Consolidated other investments IFIC Bank Limited 6.2 4,968,230,707 5,627,961,589 IFIC Securities Limited 89,324,736 89,324,738 Investment adjustment for equity accounted investees 1,195,912,127 1,095,934,605 6,253,467,570 6,813,220,933 22,728,701,981 24,030,515,229 7 Loans and advances Loans, cash credit, overdraft etc. 7.1 102,659,566,943 94,532,881,160 Bill purchased and discounted 8 8,503,298,610 7,749,268,149 111,162,865,554 102,282,149,309 18

Amount in BDT Note 30 June 2015 31 December 2014 7.1 Loans, cash credit, overdraft etc. Inside Bangladesh Term loan industrial 7,466,685,617 6,596,891,295 Term loan consumer finance 526,378,607 377,394,070 Agricultural loan 1,386,904,948 1,417,338,319 Term loan women entreprenure 6,892,710 6,904,620 Term loan-others 23,134,836,425 20,734,890,975 House building loans 2,557,242,236 1,235,843,031 Staff loan 1,944,435,483 1,890,192,383 Transport loan 864,688,215 668,576,160 Loan general 2,579,234,241 2,617,642,689 Demand loan 2,544,388,195 2,896,692,868 Overdrafts 24,988,661,462 23,549,902,570 Cash credit 26,411,872,436 25,443,140,268 Credit card finance 260,022,887 243,798,248 Loan against imported merchandise(lim) 87,265,183 104,748,152 Loan against trust receipt (LTR) 6,600,580,623 5,482,486,327 Lease Finance 580,849,248 612,090,045 101,940,938,516 93,878,532,022 Outside Bangladesh - - 101,940,938,516 93,878,532,022 Off-shore banking unit 718,628,428 654,349,138 102,659,566,943 94,532,881,160 7.a Consolidated loans & advance Loans, cash credits, overdrafts etc. IFIC Bank Limited 7.1 102,659,566,943 94,532,881,160 IFIC Securities Limited 3,468,411,337 3,336,996,641 106,127,978,280 97,869,877,801 Less: Inter -company transactions 1,238,342,802 1,199,748,281 104,889,635,478 96,670,129,520 8 Bills purchased and discounted Payable in Bangladesh 8.1 7,881,394,085 7,143,636,388 Payable outside Bangladesh 8.1 621,904,526 605,631,761 8,503,298,610 7,749,268,149 8.1 Bill purchased and discounted Payable in Bangladesh Local bills/documents IDBP 1,341,757,815 1,378,397,485 Payment against documents-cash 360,624,372 299,188,145 Payment against documents-edf 4,449,628,699 3,567,660,930 Payment against documents-forced (Inland) 198,099,330 377,712,661 Payment against documents-forced (Foreign) 395,910,962 391,927,964 Payment against documents-others 196,499,342 17,193,468 6,942,520,520 6,032,080,654 Off-shore banking unit 938,873,565 1,111,555,734 7,881,394,085 7,143,636,388 Payable outside Bangladesh Foreign bills/documents FDBP 621,904,526 605,631,761 621,904,526 605,631,761 8,503,298,610 7,749,268,149 19

Amount in BDT Note 30 June 2015 31 December 2014 8.a Consolidated bills purchased and discounted IFIC Bank Limited 8.1 8,503,298,610 7,749,268,149 IFIC Securities Limited - - 8,503,298,610 7,749,268,149 9 Fixed assets including premises, furniture and fixtures Cost/revalued: Land 475,118,759 475,118,759 Buildings and premises 1,337,951,477 1,337,951,477 Wooden furniture 118,182,944 113,437,784 Steel furniture 57,728,504 56,029,936 Computer equipment 658,922,970 536,742,251 Office equipment 187,634,247 185,752,840 Electrical & gas equipment 381,815,036 356,015,849 Improve & leasehold premises 223,791,431 215,850,139 Vehicles (purchased & leased) 163,273,145 146,746,620 Soft furnishing 12,442,210 12,271,161 Intengible assets: 3,616,860,724 3,435,916,816 Software 289,654,120 240,470,209 3,906,514,844 3,676,387,025 Capital work in progress 9.1 588,164,038 593,198,539 4,494,678,881 4,269,585,564 Less: Accumulated depreciation 1,433,961,776 1,340,265,806 Written down value 3,060,717,106 2,929,319,758 9.1 Capital work in progress Capital work in progress represents the amount paid for procuring material & equipment for under constructed IFIC Bank Tower and upgradation of core banking software-misys. 9.a Consolidated fixed assets including premises, furniture and fixtures IFIC Bank Limited 9 3,060,717,106 2,929,319,758 IFIC Securities Limited 6,545,812 7,111,151 IFIC Money Transfer (UK) Limited 9,934,312 10,422,345 3,077,197,230 2,946,853,254 10 Other Assets Stationery and stamps 22,352,425.88 20,668,793 Suspense account 10.1 569,828,874.45 467,338,723 Advance, deposit and prepayments 10.2 1,727,707,936.97 1,125,060,501 Accrued interest on investment & other income receivable 10.3 932,719,937.54 872,189,445 Investment in subsidiaries 10.4 836,718,380.00 836,270,870 Revaluation account FDBP 1,792,520.41 1,792,520 Deferred tax assets 10.5 827,709,287.54 619,284,981 Accounts receivable others 5,053,443.45 7,020,448 4,923,882,806.24 3,949,626,283 Off-shore banking unit 104,474,750.43 67,165,218 5,028,357,556.67 4,016,791,501 10.1 Suspense account Sundry debtors 137,298,452 128,142,280 Advance against bills, new branches 31,003,613 25,856,898 Advance against TA / DA 547,100 176,600 Law charges 115,072,481 99,902,597 Sanchayapatra paid 226,042,146 139,661,540 Wage earners development bond paid 18,812,700 28,440,163 Investment bond 188,128-20

Amount in BDT Note 30 June 2015 31 December 2014 CIB charge recovery 822,444 244,154 Moneygram services 37,932,729 20,958,033 Others 2,109,081 23,956,457 569,828,874 467,338,723 10.2 Advance, deposit and prepayments Advance rent 325,094,533 324,085,606 Advance income tax 1,063,410,457 538,856,446 Security deposit including demand note 6,178,931 3,970,423 Advance against car purchase 216,614,860 212,494,717 Protested bills 21,763,966 16,783,206 Cash remittance 4,000,000 23,694,500 Others 90,645,190 5,175,603 1,727,707,937 1,125,060,501 10.3 Accrued interest on investment & other income receivable Treasury bills - - Treasury bonds 369,437,399 323,829,277 Debentures and bonds 6,418,729 156,246,563 Receivables from Government 41,272,375 41,272,375 Interest accrued on loans and advances 95,077,826 83,463,616 Investment on FDR 97,944,970 96,946,804 Others 322,568,639 170,430,811 932,719,938 872,189,445 10.4 Investment in subsidiaries IFIC Securities Limited 799,994,000 799,994,000 IFIC Money Transfer (UK) Limited 36,724,380 36,276,870 836,718,380 836,270,870 10.5 Deferred tax assets Deferred tax assets have been recognized and measured as per Bangladesh Accounting Standards-12: Income Taxes and BRPD Circular no. 11 dated 12 December 2011 based on temporary due to difference in the carrying amount of the assets and liabilities in the financial statements and its tax base. Calculation of deferred tax assets is as follows: Deferred tax assets 1,024,275,474 816,242,841 Deferred tax liabilities (196,566,195) (196,957,860) Deferred tax assets/(liabilities) 827,709,288 619,284,981 Computation of deferred tax assets and liabilites Deferred tax assets Carrying amount of provision 2,560,688,686 1,920,571,392 Tax base - - Deductible temporary difference 2,560,688,686 1,920,571,392 Tax rate 40.00% 42.50% Closing deferred tax assets 1,024,275,474 816,242,841 Opening deferred tax assets 816,242,841 882,314,501 Deferred tax (expense)/income (A) 10.5 208,032,633 (66,071,660) Deferred tax liabilities Carrying amount of fixed assets 2,406,360,906 2,276,857,017 Tax base 1,914,945,418 1,813,426,757 Taxable temporary difference 491,415,487 463,430,260 Tax rate 40.00% 42.50% Closing deferred tax assets/(liabilities) (196,566,195) (196,957,860) Opening deferred tax assets/(liabilities) (196,957,860) (148,401,288) Deferred tax (expense)/income (B) 10.5 391,665 (48,556,572) Deferred tax (expense)/income (A+B) 208,424,298 (114,628,232) 21

Amount in BDT Note 30 June 2015 31 December 2014 10.a Consolidated other assets IFIC Bank Limited 10 5,028,357,557 4,016,791,501 Less: Investment in IFIC Securities Limited 10.4 799,994,000 799,994,000 Less: Investment in IFIC Money Transfer (UK) Limited 10.4 36,724,380 36,276,870 4,191,639,177 3,180,520,631 IFIC Securities Limited 170,674,670 190,330,133 IFIC Money Transfer (UK) Limited 813,078 803,170 4,363,126,924 3,371,653,934 11 Non-banking assets Through the verdict of honorable court under section 33(7) of the Artharin Adalat Act 2003, the Bank has got an absolute ownership on few mortgaged properties. These properties were recorded at Tk. 373,474,800 as non banking assets in the year 2013. 12 Borrowing from other banks, financial Iinstitutions and agents In Bangladesh 12.1 6,188,230,663 4,919,900,516 Outside Bangladesh 12.1 700,200,900 701,544,600 6,888,431,563 5,621,445,116 12.1 In Bangladesh Term borrowing BRAC Bank Ltd. 1,750,000,000 1,000,000,000 Southeast Bank Ltd. 500,000,000 - Sonali Bank Ltd. - 500,000,000 2,250,000,000 1,500,000,000 Obligation under lease finance 40,112,451 42,083,370 2,290,112,451 1,542,083,370 Refinance from Bangladesh Bank Export Development Fund (EDF) 3,685,444,887 3,186,005,080 Small and Medium Enterprise 212,673,325 191,812,066 3,898,118,211 3,377,817,146 In Bangladesh 6,188,230,663 4,919,900,516 Outside Bangladesh 700,200,900 701,544,600 6,888,431,563 5,621,445,116 12.a Consolidated borrowing from other banks, Financial institutions and agents In Bangladesh IFIC Bank Limited 12.1 6,188,230,663 4,919,900,516 IFIC Securities Limited 1,583,381,027 1,502,894,423 7,771,611,690 6,422,794,939 Less: Inter -company transactions 1,238,342,802 1,199,748,281 6,533,268,888 5,223,046,658 Outside Bangladesh IFIC Bank Limited 12.2 700,200,900 701,544,600 IFIC Securities Limited - - 700,200,900 701,544,600 7,233,469,788 5,924,591,258 13 Deposits and other accounts Current deposit and other accounts 13.1 17,068,615,475 15,464,779,314 Bills payable 13.2 2,957,611,288 1,874,975,364 Savings bank deposits 13.3 20,019,968,522 18,366,462,687 Fixed Deposits 13.4 93,720,271,647 94,039,587,998 133,766,466,931 129,745,805,362 22

Amount in BDT Note 30 June 2015 31 December 2014 13.1 Current deposit and other accounts Current accounts 9,218,562,537 8,994,424,903 Foreign currency deposit 886,717,588 870,744,996 Resident foreign currency deposit 37,649,808 38,347,807 Exporters foreign currency account 5,004,330,427 3,658,583,155 Margin on Letters of Credit 935,393,246 1,178,409,753 Margin on Letters of guarantee 330,463,643 255,916,372 Investors' account credit balance 547,076 544,033 Q-cash, prepaid, cheque card 3,132,389 3,167,571 Sundry deposit 13.5 651,818,760 464,640,723 17,068,615,475 15,464,779,314 13.2 Bills payable Payment order 2,939,968,585 1,864,650,537 Demand draft 6,185,379 6,196,964 Security deposit receipt 11,457,323 4,127,863 2,957,611,288 1,874,975,364 13.3 Savings bank deposit Savings account 13,604,412,093 12,680,878,561 Super savings plus 5,638,721,543 5,100,504,600 Payroll savings 188,432,187 144,904,886 Sanchita-Female Savings 530,877,724 407,965,943 Student savings - duronto 57,386,830 31,971,147 Interest payable on savings deposit 138,145 237,550 20,019,968,522 18,366,462,687 13.4 Fixed deposit Special notice deposit (SND) 12,823,477,829 20,474,433,809 Term deposit 13.4.1 76,351,469,958 69,602,275,527 Recurring deposit 13.4.2 4,507,190,934 3,924,778,806 Non resident foreign currency deposit (NFCD) 8,300,617 8,293,534 Export retention quota (ERQ) 29,832,308 29,806,322 93,720,271,647 94,039,587,998 13.4.1 Term deposit Fixed deposits 58,378,368,376 53,387,995,965 Double return deposit scheme 7,977,386,787 7,354,363,809 Millionaire dream plan 353,366,919 283,166,051 Three years deposit plus 4,200,000 800,000 Monthly income scheme 7,071,553,346 5,883,758,742 Monthly income scheme - Arjon 1,187,650,000 1,145,750,000 Interest payable on term deposit 1,378,944,531 1,546,440,960 76,351,469,958 69,602,275,527 13.4.2 Recurring deposit Pension savings scheme (PSS) 4,136,432,850 3,632,806,072 Pension savings scheme - Joma 4,689,534 3,002,957 Flexi DPS - Freedom 158,146,903 85,617,097 School savings plan 34,593,447 30,097,908 Interest payable on recurring deposit 173,328,200 173,254,772 4,507,190,934 3,924,778,806 13.5 Sundry deposit Sundry creditor 414,300,238 123,798,141 Lease deposit 27,281,549 29,975,627 Risk fund-lease, CCS & others 817,450 792,479 Clearing adjustment 93,577,898 66,200,878 Visa credit card 23,232,334 18,850,488 Sundry deposit BFF 25,912,400 25,912,400 FDD issued but not presented 13,153,402 13,023,736 IBC lodgment 62,595 62,595 Other sundry deposits 53,480,894 186,024,379 651,818,760 464,640,723 23