Profit and Loss Account (Un-audited)

for 3 months ending 31 March 2010

(Figures in BDT)

Income and Expenditure

Note

January to March 2010

January to March 2009

Interest Income

       2,107,516,677

        1,967,544,991

Less :Interest paid on Deposits, Borrowings, etc.

          936,598,690

            956,175,933

Net Interest  Income

       1,170,917,987

        1,011,369,058

 Income from Investment

          505,885,377

            228,955,387

Commission, Exchange and Brokerage

          249,707,983

            228,673,189

Other Operating Income

            34,394,667

              31,394,561

Total Operating Income

       1,960,906,014

        1,500,392,195

Salaries and allowances

          349,933,961

            340,888,375

Rent, Taxes, Insurance, Electricity etc.

            42,188,831

              30,551,324

Legal Expenses

               2,212,013

                2,171,472

Postage, Stamp, Telecommunication etc.

            11,375,759

              13,522,432

Stationery, Printing, Advertisement, etc.

            17,627,739

              22,391,494

Managing Director's  salary and fees

               1,800,000

                1,200,000

Directors'  Fees

               1,205,040

                   403,505

Charges on loan losses

               1,095,346

                      72,830

Auditors' Fee

                             -  

                               -  

Repair,maintanence and depreciation of fixed assets

            28,605,671

              23,356,792

Other Expenses

          275,321,037

            214,359,369

Total Operating Expenses

          731,365,397

            648,917,593

Profit before Provision

       1,229,540,617

            851,474,602

Provision for Loans and Advances

                               -  

Provision for diminution in value of Investments

                             -  

                               -  

Provision for exposure of off-balance sheet items

            30,000,000

              15,000,000

Other  Provisions

                             -  

                               -  

Total Provision

            30,000,000

              15,000,000

Profit before Taxation

       1,199,540,617

            836,474,602

Provision for corporate taxation

          522,554,763

            383,163,571

Provision for deferred taxation

                               -  

Profit  after Taxation

          676,985,854

            453,311,031

Appropriations :

Statutory Reserve

          239,908,123

            167,294,920

General Reserve

                             -  

                               -  

Total Appropriations

          239,908,123

            167,294,920

Retained surplus(general reserve) carried forwar

          437,077,731

Earning per share ( EPS )

                      17.72

11.86

Restated

N.B: After Provisional appropriation of Operating Profit of March 2010