MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	ISLAMI BANK BANGLADESH LIMITED
Registered Office :	Islami Bank Tower, 40, Dilkusha C/A, Dhaka, 1000
Country :	Bangladesh
Financials (as on) :	31.12.2010
Date of Incorporation :	13.03.1993
Legal Form :	Public Independent Company
Line of Business :	Subject is a banking Company
No. of Employees :	9622

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Bangladesh	b1	b1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Islami Bank Bangladesh Limited

Islami Bank Tower

40, Dilkusha C/A

Dhaka, 1000

Bangladesh

Tel: 880-2-9563040

Fax: 880-2-9564532

Web: www.islamibankbd.com

synthesis

Employees: 9,622

Company Type: Public Independent

Traded: Dhaka Stock Exchange: ISLAMIBANK

Incorporation Date: 13-Mar-1993

Auditor: Howladar Yunus & Co.

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: Bangladesh Taka

Annual Sales: 433.7 1

Net Income: 64.4

Total Assets: 4,693.7 2

Market Value: 583.1

(26-Jan-2012)

Business Description

Islami Bank Bangladesh Limited is a banking Company. The Company conducts its business on the Shari’ah principles of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam and Bai-as-Sarf. There is a Shari‘ah Supervisory Committee in the Bank who ensures that the activities of the Company are being conducted on the precepts of Islam. As of December 31, 2010, the Bank carried out its business activities through its 12 zonal offices, 221 branches and 30 small and medium-sized enterprise (SME)/agriculture branches (total 251 branches) in Bangladesh. Its deposits include Al-Wadeeah Current Account, Mudaraba Savings Account, Mudaraba Term Deposit Receipt, Mudaraba Special Notice Account, Mudaraba Special Savings (Pension) Account and Mudaraba Hajj Savings Account. It investment modes include Bai- Muajjal, Bai-Murabaha and Hire Purchase under Shirkatul Meelk. For the nine months ended 30 September 2010, ISLAMI BANK BANGLADESH Ltd. revenues increased 19% to BGD17.88B. Net income increased 42% to BGD3.53B Revenue reflects an increase in investment income. Net income reflects an decrease in postage, stamps & telecommunication expenses, lower directors fees & expenses, decrease in chief executive's salary & expenses,and lower shariah council's fees & expenses.

Industry

Industry Commercial Banks

ANZSIC 2006: 6221 - Banking

NACE 2002: 6512 - Other monetary intermediation

NAICS 2002: 52211 - Commercial Banking

UK SIC 2003: 65121 - Banks

US SIC 1987: 6021 - National Commercial Banks

Key Executives

Name	Title
Jb. Mohammad Abdul Mannan	Managing Director, Director
Abdus Sadeque Bhuiyan	Vice President
Abu Nasser Muhammad Abduz Zaher	Chairman of the Board
Jb. Yousif Abdullah Al - Rajhi	Vice Chairman of the Board
Jb. Mohammad Abdullah Al Jalahma	Director

news

Title	Date
Discovering new monetary policy to meet the double-edged need of the economy Financial Express (India) (1525 Words)	30-Jan-2012
Sharp decline in farm loans disbursement by banks Financial Express (India) (636 Words)	28-Jan-2012
IBBL crowned best rated bank New Nation (Bangladesh) (124 Words)	23-Jan-2012
Ten banks win awards United News of Bangladesh (186 Words)	20-Jan-2012
Rebuilding banking sector based on ethics a big challenge: Mirza Aziz United News of Bangladesh (441 Words)	20-Jan-2012

Financial Summary

As of 30-Sep-2011

Key Ratios Company Industry

Debt to Equity (MRQ) 0.11

Net Profit Margin (TTM) % 29.31 23.51

Return on Assets (TTM) % 1.61 0.88

Return on Equity (TTM) % 22.21 7.73

Stock Snapshot

Traded: Dhaka Stock Exchange: ISLAMIBANK

As of 26-Jan-2012

   Financials in: BDT

Recent Price	49.20	EPS	5.87
52 Week High	57.85	Price/Sales	3.13
52 Week Low	40.74	Price/Earnings	8.36
Avg. Volume (mil)	0.72	Price/Book	1.55
Market Value (mil)	49,237.94

	Price % Change	Rel S&P 500%
4 Week	-9.72%
13 Week	-6.37%
52 Week	-9.17%
Year to Date	-9.72%

1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 69.60265
2 - Balance Sheet Item Exchange Rate: USD 1 = BDT 70.475

Corporate Overview

Location
Islami Bank Tower
40, Dilkusha C/A
Dhaka, 1000
Bangladesh

Tel:	880-2-9563040
Fax:	880-2-9564532

www.islamibankbd.com

Quote Symbol - Exchange
ISLAMIBANK - Dhaka Stock Exchange
Sales BDT(mil):	30,183.8
Assets BDT(mil):	330,785.2
Employees:	9,622
Fiscal Year End:	31-Dec-2010

Industry:	Commercial Banks

Incorporation Date:	13-Mar-1993
Company Type:	Public Independent
Quoted Status:	Quoted

Managing Director, Director:	Jb. Mohammad Abdul Mannan

Company Web Links

Company Contact/E-mail

Corporate History/Profile

Employment Opportunities

Executives

Financial Information

Home Page

News Releases

Products/Services

Contents Industry Codes Business Description Financial Data Market Data

Shareholders Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
6221	-	Banking

NACE 2002 Codes:
6512	-	Other monetary intermediation

NAICS 2002 Codes:
52211	-	Commercial Banking

US SIC 1987:
6021	-	National Commercial Banks

UK SIC 2003:
65121	-	Banks

Business Description

Islami Bank Bangladesh Limited is a banking Company. The Company conducts its business on the Shari’ah principles of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam and Bai-as-Sarf. There is a Shari‘ah Supervisory Committee in the Bank who ensures that the activities of the Company are being conducted on the precepts of Islam. As of December 31, 2010, the Bank carried out its business activities through its 12 zonal offices, 221 branches and 30 small and medium-sized enterprise (SME)/agriculture branches (total 251 branches) in Bangladesh. Its deposits include Al-Wadeeah Current Account, Mudaraba Savings Account, Mudaraba Term Deposit Receipt, Mudaraba Special Notice Account, Mudaraba Special Savings (Pension) Account and Mudaraba Hajj Savings Account. It investment modes include Bai- Muajjal, Bai-Murabaha and Hire Purchase under Shirkatul Meelk. For the nine months ended 30 September 2010, ISLAMI BANK BANGLADESH Ltd. revenues increased 19% to BGD17.88B. Net income increased 42% to BGD3.53B Revenue reflects an increase in investment income. Net income reflects an decrease in postage, stamps & telecommunication expenses, lower directors fees & expenses, decrease in chief executive's salary & expenses,and lower shariah council's fees & expenses.

More Business Descriptions

Islami Bank provides a wide range of financial products and services to to individual customers, corporate customers, government, small and medium enterprises and institution. The banks’ product portfolio includes investment modes, deposit, rural development and special schemes. Islami Bank also offers foreign exchange and small and medium enterprises (SMEs) services. The bank serves to customers in Southeast Asia. At the fiscal year end 2010, the total assets of the bank were BDT 330.58billion. The bank’s principal activities include maintaining deposit accounts, make investments, conduct foreign exchange business, extend other banking services, and to conduct social welfare activities through Islami Bank Foundation. The Islami Bank offers various deposit schemes namely Al-Wadeeah Current Account, Mudaraba Savings Account, Mudaraba Term Deposit Receipt, Mudaraba Special Notice Account, Mudaraba Special Savings (Pension) Account, Mudaraba Hajj Savings Account, Mudaraba Savings Bond Scheme, Mudaraba Foreign Currency Deposit Scheme (Savings), Mudaraba Waqf Cash Deposit Account, Mudaraba Monthly Profit Deposit Scheme and Mudaraba Muhor Savings Deposit Scheme. The investment services offered by Islami Bank include Bai- Muajjal, Bai- Murabaha, Hire purchase under Shirkatul Meelk, Mudarabah, Musharaka, Bai- Salam and Equity and entrepreneurship Fund of Bangladesh Bank. In addition to this, the bank also offers various special schemes such as housing investment scheme, mirpur silk weavers investment scheme, real estate investment program, micro industries investment scheme, car investment scheme, small business investment scheme, transport investment program, agriculture implements investment scheme, investment scheme for doctors, micro industries investment scheme, mirpur silk weavers investment scheme and household durable scheme. The rural development scheme of Islami Bank offers investment facilities to rural housing, agricultural, other farming and off-farming activities in the rural areas. The company offers finance for self-employment, educational services, safe drinking water, sanitation and medicare facilities and income generating activities. The foreign exchange business of the bank offers remittance arrangements and NBR services. Islami Bank’s other special services include secured locker service, SWIFT and Reuter. The Bank conducts its business on the Shariah principles of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk and Bai-Salam etc. There is a Shariah Council in the Bank which ensures that the activities of the Bank are being conducted on the precepts of Islam. On December 21, 2009, the company started its own ATM's. The bank's SME service centre offers SME product information and SME service centre by zone and directory. SME product information includes information regarding small business investment scheme, transport invest scheme, women enterpreneurs investment scheme and investing SMEs. In Feb 2011,

Islami Bank Bangladesh Limited was awarded the Best Rated Bank by economic Weekly.

Islami Bank Bangladesh Limited (Islami Bank) is a financial services provider. The bank provides various products that includes investment options, deposit, rural development and special schemes. Islami Bank also offers foreign exchange and small and medium enterprises (SMEs) services. Its banking and investment activities are based on the interest-free profit-loss sharing system and on the Shariah principles. Islami Bank offers commercial banking services to its customers on the principles of Islamic Shariah. The products and services offered by the bank includes deposit schemes, investment modes, special schemes, rural development scheme, ATM Services, special services and foreign exchange business. Islami Bank operates through a network of 251 branches, 12 SME Service centers and ATMs. The bank principally operates in Bangladesh. Islami Bank is headquartered in Dhaka, Bangladesh.The bank reported interest income of (Bangladeshi Taka) BDT 24,766.27 million during the fiscal year ended December 2010, an increase of 15.89% over 2009. The net interest income after loan loss provision of the bank was BDT 9,179.39 million during the fiscal year 2010, an increase of 30.57% over 2009. The net profit of the bank was BDT 4,485.48 million during the fiscal year 2010, an increase of 31.79% over 2009.

Provision of interest-free commercial banking services based on Islamic Shariah

Financial Data

Financials in:	BDT(mil)
Revenue:	30,183.8
Net Income:	4,485.5
Assets:	330,785.2
Long Term Debt:	3,000.0
Total Liabilities:	307,268.9
Date of Financial Data:	31-Dec-2010

1 Year Growth

18.8%

31.8%

18.9%

Market Data

Quote Symbol:	ISLAMIBANK
Exchange:	Dhaka Stock Exchange
Currency:	BDT
Stock Price:	49.2
Stock Price Date:	01-26-2012
52 Week Price Change %:	-9.2
Market Value (mil):	49,237,940.0
SEDOL:	6459833
ISIN:	BD0104ISBNK0
Equity and Dept Distribution:
04/2010, Scrip Issue, 2 new shares for every 10 shares held 12/2011, 10-for-1 Stock split.

Shareholders

Major Shareholders

Al Rajhi Co For Ind & Trade (9.94%); HE Md Abdul Aziz Al-Rajhi (7.18%); Islamic Development Bank (7.5%); HE Abdullah A Al-Rajhi (7.18%)

Key Corporate Relationships

Auditor:	Howladar Yunus & Co.
Auditor:	A Qasem & Co, Howladar Yunus & Co.

Competitors Report

Company Name	Location	Employees	Ownership
Bahrain Islamic Bank B.S.C.	Manama, Bahrain	186	Public
Bangladesh Bank	DHAKA, Bangladesh	7,336	Private
Sharjah Islamic Bank	Sharjah, United Arab Emirates	325	Public
Southeast Bank Limited	Dhaka, Bangladesh		Public

Executive report

Board of Directors

Name	Title	Function
Abu Nasser Muhammad Abduz Zaher	Chairman of the Board	Chairman
(Islami Bank Bangladesh Limited) Mr. Abu Nasser Muhammad Abduz Zaheris is the Chairman of Islami Bank Bangladesh Limited. He is also the representative of Ibn Sina Pharmaceutical Industry.
Jb. Yousif Abdullah Al - Rajhi	Vice Chairman of the Board	Vice-Chairman
Mustafa Anwar	Vice Chairman of the Board	Vice-Chairman
Janab W Ahmed	Director	Director/Board Member
Jb. Mohammad Abdullah Al Jalahma	Director	Director/Board Member
Abdulhameed Fouad Al-Khateeb	Director	Director/Board Member
Jb. Humayun Bokhteyar	Depositor Director	Director/Board Member
Jb. Md. Khurshed Hossain	Director	Director/Board Member
Jb. Md. Shahidul Islam	Director	Director/Board Member
Jb. Mohammed Nazrul Islam	Director	Director/Board Member
Janab Md Humayan Kabir	Director	Director/Board Member
Muhammad Dawood Khan	Director	Director/Board Member
Md. Eskander Ali Khan	Director	Director/Board Member
Jb. Mohammad Abdul Mannan	Managing Director, Director	Director/Board Member
Jb. Hafizul Islam Mian	Director	Director/Board Member
Jb. Mohammad Adnan Midani	Director	Director/Board Member
Janab A T M Ataur Rahman	Director	Director/Board Member
Md. Shafiqur Rahman	Director	Director/Board Member
Jb. Md. Abdus Salam	Depositor Director	Director/Board Member
NRM Borhan Uddin	Independent Director	Director/Board Member

Executives

Name	Title	Function
Jb. Mohammad Abdul Mannan	Managing Director, Director	Managing Director
Abdus Sadeque Bhuiyan	Vice President	Other
Golam Moula Chowdhury	Vice President	Other
Engr Muhammad Dawood Khan	Director	Other
Janab Professor Nrm Borhan Uddin	Director	Other

IBBL crowned best rated bank

New Nation (Bangladesh)

23 January 2012

[What follows is the full text of the news story.]

Bangladesh, Jan. 23 -- Islami Bank Bangladesh Ltd (IBBL) was awarded "Best Rated Bank Award-2012" for CAMELS rating by "The Industry". Dr. AB Mirza Azizul Islam, former adviser of the caretaker government handed over the award at a simple ceremony as the chief guest at National Press Club Saturday. Bank's Managing Director Muhammad Abdul Mannan received the award.

Eminent lawyer Barrister Rafique-ul Haq, former Finance Secretary and World Bank Executive Director Dr. Zakir Ahmed Khan, Bangladesh Commerce Bank Chairman AQ Siddiqui, President of Global Economist Forum-Bangladesh Shah Md. Nurul Alam were present in the programme. Published by HT Syndication with permission from The New Nation. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

IBBL distributes warm clothes

New Nation (Bangladesh)

14 January 2012

[What follows is the full text of the news story.]

Bangladesh, Jan. 14 -- Islami Bank Bangladesh Ltd (IBBL) Bogra Branch, distributed winter cloths among the poor in Bogra on Tuesday last. A meeting was arranged at local Pouro (Bangla) High School ground in connection.

General Manager (Current Charge) of Bangladesh Bank Bogra Monoj Kanti Boiragi and Police Super of the district (Current Charge) Sayed Abu Sayemas were, among others, present.

IBBL Bogra Zonal Head Shafiqul Mawla presided over the event in which 500 blankets, besides other winter clothes were distributed. Published by HT Syndication with permission from The New Nation. For any query with respect to this article or any other content requirement, please contact Editor at

htsyndication@hindustantimes.com

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Interest & Dividends on Investment Securities	5.9	1.3	0.8	0.7	1.1
Other Interest Income	349.9	308.3	284.2	210.9	161.2
Interest Income, Bank	355.8	309.6	285.0	211.6	162.3
Interest on Deposit	207.9	189.4	177.3	136.6	116.6
Total Interest Expense	207.9	189.4	177.3	136.6	116.6
Net Interest Income	147.9	120.1	107.6	74.9	45.6
Loan Loss Provision	16.0	18.3	16.5	20.1	5.9
Net Interest Income after Loan Loss Provision	131.9	101.8	91.1	54.9	39.7
Commissions & Fees from Securities Activities	57.4	49.8	48.7	37.4	35.7
Fees for Other Customer Services	0.4	0.2	0.2	0.1	0.1
Investment Securities Gains	7.0	1.7	6.0	4.1	2.0
Other Unusual Income	0.0	0.0	0.0	0.0	0.0
Other Revenue	9.2	3.8	3.6	2.7	2.6
Non-Interest Income, Bank	77.8	58.4	61.4	45.4	41.9
Labor & Related Expenses	-61.7	-45.6	-41.6	-29.5	-27.1
Depreciation Expense	-5.0	-4.0	-3.3	-2.6	-2.1
Other Expense	-21.0	-16.2	-15.2	-13.3	-10.1
Non-Interest Expense, Bank	-87.7	-65.9	-60.0	-45.4	-39.3
Income Before Tax	122.0	94.4	92.6	54.9	42.3
Total Income Tax	57.5	45.1	53.6	34.2	21.9
Income After Tax	64.4	49.3	39.0	20.7	20.4
Minority Interest	0.0	0.0	-	-	-
Net Income Before Extraord Items	64.4	49.3	39.0	20.7	20.4
Net Income	64.4	49.3	39.0	20.7	20.4
Income Available to Common Excl Extraord Items	64.4	49.3	39.0	20.7	20.4
Income Available to Common Incl Extraord Items	64.4	49.3	39.0	20.7	20.4
Basic/Primary Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Basic EPS Excl Extraord Items	0.09	0.07	0.06	0.04	0.54
Basic/Primary EPS Incl Extraord Items	0.09	0.07	0.06	0.04	0.54
Diluted Net Income	64.4	49.3	39.0	20.7	20.4
Diluted Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Diluted EPS Excl Extraord Items	0.09	0.07	0.06	0.04	0.54
Diluted EPS Incl Extraord Items	0.09	0.07	0.06	0.04	0.54
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	5.0	4.0	3.3	2.6	2.1
Total Special Items	-3.7	-3.0	-2.9	-1.0	-1.5
Normalized Income Before Tax	118.2	91.5	89.6	53.9	40.8
Effect of Special Items on Income Taxes	-1.8	-1.4	-1.7	-0.4	-0.8
Inc Tax Ex Impact of Sp Items	55.8	43.7	51.9	33.8	21.1
Normalized Income After Tax	62.5	47.8	37.8	20.1	19.6
Normalized Inc. Avail to Com.	62.5	47.8	37.8	20.1	19.6
Basic Normalized EPS	0.08	0.06	0.06	0.04	0.52
Diluted Normalized EPS	0.08	0.06	0.06	0.04	0.52
Rental Expenses	2.1	1.5	-	-	-
Advertising Expense, Supplemental	0.9	0.4	0.6	0.4	0.6
Bank Total Revenue	433.7	368.0	346.4	257.0	204.2
Current Tax - Domestic	57.6	44.7	53.2	24.7	21.7
Current Tax - Total	57.6	44.7	53.2	24.7	21.7
Deferred Tax - Domestic	0.0	0.4	0.4	0.5	0.3
Deferred Tax - Total	0.0	0.4	0.4	0.5	0.3
Income Tax - Total	57.5	45.1	53.6	25.1	21.9

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	70.475	69.26	68.91	69.555	69.085
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Due from Banks	846.2	812.9	645.6	596.0	411.2
Interest-earning Deposits	0.1	0.1	0.1	0.1	0.1
Total Investment Securities	3,713.7	3,098.7	2,612.9	2,083.5	1,644.0
Other Earning Assets, Total	3,713.9	3,098.8	2,613.0	2,083.6	1,644.1
Buildings	51.3	50.3	33.1	29.6	27.5
Land/Improvements	34.8	35.3	22.8	21.0	20.3
Machinery/Equipment	30.6	25.8	22.2	17.6	14.7
Construction in Progress	1.0	0.6	0.5	1.0	1.0
Other Property/Plant/Equipment	0.2	0.0	0.0	0.0	0.0
Property/Plant/Equipment - Gross	117.9	112.0	78.7	69.1	63.5
Accumulated Depreciation	-22.0	-18.0	-14.7	-11.8	-9.6
Property/Plant/Equipment - Net	95.9	94.0	64.0	57.3	53.9
Other Assets	37.7	12.5	27.9	14.3	65.7
Other Assets, Total	37.7	12.5	27.9	14.3	65.7
Total Assets	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Accounts Payable	42.3	36.8	33.5	25.4	12.9
Other Deposits	503.7	343.6	300.8	275.5	202.9
Total Deposits	4,100.1	3,490.4	2,899.5	2,365.9	1,903.9
Long Term Debt	42.6	43.3	43.5	43.1	0.0
Total Long Term Debt	42.6	43.3	43.5	43.1	0.0
Total Debt	42.6	43.3	43.5	43.1	0.0
Deferred Income Tax - LT Liability	2.3	2.4	2.0	-	-
Deferred Income Tax	2.3	2.4	2.0	-	-
Minority Interest	0.0	0.0	-	-	-
Other Liabilities	172.7	155.1	167.8	155.5	113.3
Other Liabilities, Total	172.7	155.1	167.8	155.5	113.3
Total Liabilities	4,360.0	3,727.9	3,146.4	2,589.9	2,030.0
Common Stock	105.2	89.2	69.0	54.7	50.0
Common Stock	105.2	89.2	69.0	54.7	50.0
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0
Retained Earnings (Accumulated Deficit)	158.4	123.2	95.1	69.5	61.8
Unrealized Gain (Loss)	70.0	77.8	39.9	37.1	33.0
Total Equity	333.7	290.3	204.0	161.3	144.9
Total Liabilities & Shareholders’ Equity	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Shares Outstanding - Common Stock Primary Issue	741.3	617.8	617.8	380.2	345.6
Total Common Shares Outstanding	741.3	617.8	617.8	380.2	345.6
Number of Common Shareholders	58,923	52,164	33,686	26,488	26,488
Deferred Revenue - Current	0.0	0.0	0.0	0.0	0.0
Total Long Term Debt, Supplemental	42.6	43.3	43.5	43.1	-
Long Term Debt Maturing within 1 Year	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 2	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 3	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 4	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 5	-	0.0	0.0	0.0	-
Long Term Debt Maturing in 2-3 Years	-	0.0	0.0	0.0	-
Long Term Debt Maturing in 4-5 Years	-	0.0	0.0	0.0	-
Long Term Debt Matur. in Year 6 & Beyond	42.6	43.3	43.5	43.1	-

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash Receipts	355.6	309.6	285.0	211.6	162.3
Cash Payments	-2.7	-2.2	-1.9	-1.7	-0.8
Cash Taxes Paid	-46.3	-52.1	-34.8	-29.2	-15.7
Other Assets	-720.6	-487.6	-522.9	-691.1	-320.6
Other Liabilities	668.6	583.0	477.7	503.9	359.9
Other Operating Cash Flow	-203.8	-183.6	-152.1	-128.7	-111.3
Changes in Working Capital	-255.8	-88.2	-197.3	-315.8	-71.9
Cash from Operating Activities	50.8	167.1	51.0	-135.1	73.8
Purchase of Fixed Assets	-8.2	-4.7	-9.2	-6.3	-5.8
Capital Expenditures	-8.2	-4.7	-9.2	-6.3	-5.8
Purchase of Investments	-18.6	-43.5	189.5	0.0	-0.3
Other Investing Cash Flow Items, Total	-18.6	-43.5	189.5	0.0	-0.3
Cash from Investing Activities	-26.8	-48.1	180.4	-6.3	-6.2
Other Financing Cash Flow	-9.6	0.0	0.0	-7.5	0.0
Financing Cash Flow Items	-9.6	0.0	0.0	-7.5	0.0
Long Term Debt Issued	0.0	0.0	0.0	43.6	0.0
Long Term Debt, Net	0.0	0.0	0.0	43.6	0.0
Issuance (Retirement) of Debt, Net	0.0	0.0	0.0	43.6	0.0
Cash from Financing Activities	-9.6	0.0	0.0	36.0	0.0
Foreign Exchange Effects	-	-	-	-	0.0
Net Change in Cash	14.4	118.9	231.3	-105.4	67.6
Net Cash - Beginning Balance	648.9	535.3	538.8	411.6	344.6
Net Cash - Ending Balance	663.3	654.3	658.5	306.2	34.1
Depreciation	5.0	4.0	3.3	2.6	2.1

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Income From General Investment	349.9	308.3	284.2	210.9	161.2
Investment Income	5.9	1.3	0.8	0.7	1.1
Total Revenue	355.8	309.6	285.0	211.6	162.3
Profit Paid on Deposits	207.9	189.4	177.3	136.6	116.6
Loan Loss Provisions	16.0	18.3	16.5	20.1	5.9
Total Operating Expense	223.9	207.7	193.8	156.7	122.5
Income From Investment In Shares/Securit	7.0	1.7	6.0	4.1	2.0
Commission, Exchange & Brokerage	57.4	49.8	48.7	37.4	35.7
Rent On Locker	0.1	0.0	0.0	0.0	0.0
Telephone/Trunk Call Charge Recoevered	0.4	0.6	0.5	0.5	0.4
Telex Charge Recovered	-	-	-	0.0	0.1
P & T Charge Recovered	0.8	0.8	0.8	0.6	0.8
Legal Expenses Recovered	0.0	0.0	0.1	0.0	0.0
E & TA Fees Recovered	0.0	0.0	0.0	0.0	0.0
Income from ATM & Swift	1.5	1.1	1.0	0.8	0.5
Incidental Charges Recovered	5.4	0.1	0.1	0.1	0.1
Service Charges Recovered	0.4	0.2	0.1	0.1	0.0
Rent On Premises Realised	0.0	0.0	0.0	0.0	0.1
Sale Proceeds Of Tender Schedule	0.0	0.1	0.0	0.0	0.0
Profit On Sale Of Bank's Premises	-	-	-	-	0.1
Profit On Sale Of Bank's Car	0.0	0.0	0.1	0.1	0.1
W/O Investment Recovery	3.7	2.9	2.8	0.9	1.4
Recruitment Fees Recovered	0.2	0.3	0.1	0.2	0.1
MICR Cheque Charge Realised	0.0	-	-	-	-
Brokerage House Income	-	-	-	0.0	-
Gain On Revaluation Of Securities	-	-	-	0.0	-
Others	0.7	0.8	1.0	0.5	0.4
Salary & Allowances	-61.6	-45.6	-41.3	-29.5	-26.9
Rent, Taxes, Insurances,	-6.0	-1.5	-1.3	-0.9	-0.7
Legal Expenses	-0.2	-0.2	-0.2	-0.2	-0.2
Postage, Stamp,	-1.2	-0.5	-0.5	-0.4	-0.4
Printing & Stationery	-2.1	-1.0	-0.7	-0.6	-0.4
Chief Executive's Salary & Fees	-0.1	-0.1	-0.1	0.0	0.0
Directors' Fees & Expenses	-0.1	-0.1	-0.1	-0.1	-0.1
Shariah Council's Meeting Fees & Expense	0.0	0.0	0.0	-	-
Auditors' Fees	0.0	0.0	0.0	0.0	0.0
Insurance	-	-2.1	-1.8	-1.4	-1.1
Electricity & Lighting	-	-1.3	-1.1	-0.9	-0.7
Telegram	-	-	-	0.0	0.0
Swift Charges	-	-0.3	-0.2	-0.2	-0.2
Telephone	-	-0.4	-0.5	-0.6	-0.6
Fax & Internet	-	-0.1	-0.1	0.0	0.0
Stamps	-	0.0	0.0	0.0	0.0
Paper & Table Stationery	-	-0.2	-0.2	-0.2	-0.1
Advertisement & Publicity	-	-0.4	-0.6	-0.4	-0.6
Depreciation and Repair of	-5.0	-4.0	-3.3	-2.6	-2.1
Other Expenses	-7.7	-5.3	-5.7	-7.4	-4.9
Bank Charges	-0.3	-0.2	-0.1	0.0	0.0
Staff Welfare	-0.1	0.0	-0.3	0.0	-0.2
Gain On Revaluation Reserve Of Securitie	-	-	-	0.0	-
Zakat Expenses	-3.2	-2.5	-1.9	-	-
Total Non-Interest Revenue	77.8	58.4	61.4	45.4	41.9
Total Non-Interest Expense	-87.7	-65.9	-60.0	-45.4	-39.3
Net Income Before Taxes	122.0	94.4	92.6	54.9	42.3
Provision for Income Taxes	57.5	45.1	53.6	34.2	21.9
Net Income After Taxes	64.4	49.3	39.0	20.7	20.4
Minority Interest	0.0	0.0	-	-	-
Net Income Before Extra. Items	64.4	49.3	39.0	20.7	20.4
Net Income	64.4	49.3	39.0	20.7	20.4
Income Available to Com Excl ExtraOrd	64.4	49.3	39.0	20.7	20.4
Income Available to Com Incl ExtraOrd	64.4	49.3	39.0	20.7	20.4
Basic Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Basic EPS Excluding ExtraOrdinary Items	0.09	0.07	0.06	0.04	0.54
Basic EPS Including ExtraOrdinary Items	0.09	0.07	0.06	0.04	0.54
Diluted Net Income	64.4	49.3	39.0	20.7	20.4
Diluted Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Diluted EPS Excluding ExtraOrd Items	0.09	0.07	0.06	0.04	0.54
Diluted EPS Including ExtraOrd Items	0.09	0.07	0.06	0.04	0.54
DPS-Common Stock	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	118.2	91.5	89.6	53.9	40.8
Inc Tax Ex Impact of Sp Items	55.8	43.7	51.9	33.8	21.1
Normalized Income After Taxes	62.5	47.8	37.8	20.1	19.6
Normalized Inc. Avail to Com.	62.5	47.8	37.8	20.1	19.6
Basic Normalized EPS	0.08	0.06	0.06	0.04	0.52
Diluted Normalized EPS	0.08	0.06	0.06	0.04	0.52
Depreciation, Supplemental	5.0	4.0	3.3	2.6	2.1
Advertising Expense, Supplemental	0.9	0.4	0.6	0.4	0.6
Rental Expense, Supplemental	2.1	1.5	-	-	-
Current Tax	57.6	44.7	53.2	24.7	21.7
Current Tax - Total	57.6	44.7	53.2	24.7	21.7
Deferred Tax	0.0	0.4	0.4	0.5	0.3
Deferred Tax - Total	0.0	0.4	0.4	0.5	0.3
Income Tax - Total	57.5	45.1	53.6	25.1	21.9

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	70.475	69.26	68.91	69.555	69.085
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash in hand	53.7	35.8	45.1	41.8	20.4
Bank Balance	500.4	505.4	409.6	203.7	320.0
Financial Institutions	53.0	84.6	19.1	33.8	11.0
Financial Institutions-Outside Banglades	48.0	26.3	62.5	23.8	8.2
Investments in Shares &	165.6	160.4	109.0	292.5	51.2
Investments in Shares &-Other	25.6	0.4	0.4	0.3	0.3
General Investment	3,452.1	2,929.3	2,464.5	1,924.8	1,544.5
Bills Purchased & Discontinued	261.7	169.4	148.4	158.7	99.5
Land	34.8	35.3	22.8	21.0	20.3
Building	51.3	50.3	33.1	29.6	27.5
Construction/Work-in-process	1.0	0.6	0.5	1.0	1.0
Furniture & Fixtures	6.2	5.5	4.8	4.2	3.7
Mechanical Applicants & Cost Of Software	19.0	15.4	12.8	10.0	8.0
Motor Vehicles	5.3	5.0	4.6	3.3	3.0
Books	0.0	0.0	0.0	0.0	0.0
Others	0.1	0.0	-	-	-
Depreciation	-22.0	-18.0	-14.7	-11.8	-9.6
Stock Of Stationery In Hand	1.1	0.8	0.8	0.6	0.5
Stamps In Hand	0.1	0.1	0.0	0.0	0.0
Advances Rent Paid	2.8	2.1	1.8	1.6	1.4
Security Deposits	0.1	0.1	0.1	0.1	0.1
Suspenses Accounts	10.5	7.5	4.5	4.9	5.1
D.D Paid without Advice	-	-	-	0.4	5.2
Accrued Income	4.6	2.0	5.9	2.9	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0
IB General Accounts	14.7	0.0	0.5	0.0	47.6
F.C Clearing	3.2	0.0	14.3	3.8	5.9
Other Assets	0.8	0.0	-	-	-
Total Assets	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Mudaraba Savings Deposits	1,577.1	1,372.8	1,124.6	897.2	754.4
Mudaraba Term Deposits	725.9	653.6	532.7	447.2	374.5
Other Mudaraba Deposits	1,293.5	1,120.5	941.4	746.0	572.1
Current and Other Accounts	503.7	343.6	300.8	275.5	202.9
Bills Payable	42.3	36.8	33.5	25.4	12.9
Other liabilities	172.7	155.1	167.8	155.5	113.3
Mudaraba Perpetual Bond	42.6	43.3	43.5	43.1	0.0
Total Long Term Debt	42.6	43.3	43.5	43.1	0.0
Deferred Tax Liabilities	2.3	2.4	2.0	-	-
Minority Interest	0.0	0.0	-	-	-
Total Liabilities	4,360.0	3,727.9	3,146.4	2,589.9	2,030.0
Paid - up Capital	105.2	89.2	69.0	54.7	50.0
Share Premium	0.0	0.0	0.0	0.0	0.0
Statutory Reserve	112.6	90.2	71.7	52.8	32.9
General/Other Reserves	8.7	6.3	2.8	3.0	16.4
Assets Rev. Reserves	61.2	62.3	33.0	32.7	33.0
Revaluation Reserves Of Securities	8.8	15.6	6.9	4.4	0.0
Retained Earnings including	37.1	26.8	20.7	13.7	12.5
Total Equity	333.7	290.3	204.0	161.3	144.9
Total Liabilities & Shareholders' Equity	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
S/O-Common Stock	741.3	617.8	617.8	380.2	345.6
Total Common Shares Outstanding	741.3	617.8	617.8	380.2	345.6
Deferred Revenue - Current	0.0	0.0	0.0	0.0	0.0
Number of Common Shareholders	58,923	52,164	33,686	26,488	26,488
Long Term Debt Maturing within 1 Year	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 5	-	0.0	0.0	0.0	-
Long Term Debt - Remaining Maturities	42.6	43.3	43.5	43.1	-
Total Long Term Debt, Supplemental	42.6	43.3	43.5	43.1	-

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash Receipts	355.6	309.6	285.0	211.6	162.3
Cash Payments	-2.7	-2.2	-1.9	-1.7	-0.8
Cash Taxes Paid	-46.3	-52.1	-34.8	-29.2	-15.7
Payments to employees	-61.7	-45.7	-41.4	-29.6	-26.9
Profit Paid on Deposits	-198.6	-184.3	-155.4	-129.9	-116.6
Income/ Dividend receipt from Investment	4.6	3.9	3.0	1.2	2.0
Fees & Commission receipt in Cash	57.4	49.8	48.7	37.4	35.7
Recoveries On Investment Previously W/O	3.7	2.9	2.8	0.9	-
Receipts from other Operating Activities	9.5	4.1	4.0	2.9	4.2
Payments from other Operating Activities	-18.7	-14.3	-13.7	-11.6	-9.6
Investments to Customers	-676.8	-500.7	-512.3	-455.2	-289.9
Investment In Shares & Securities	-	-	-	-290.4	-
Other Assets	-43.8	13.1	-10.6	54.4	-30.7
Deposits from other Banks	0.8	1.0	-0.6	3.4	1.7
Deposits received from Customers	683.7	595.4	474.8	482.2	356.7
Other Liabilities	-15.9	-13.4	3.5	18.4	1.6
Cash from Operating Activities	50.8	167.1	51.0	-135.1	73.8
Payment for Purchase Of Securities/BGIIB	-14.4	-43.5	189.5	0.0	-0.3
Purchase/Sale Of Property,Plant & Equipm	-8.2	-4.7	-9.2	-6.3	-5.8
Payment for Purchase Of Securities/Membe	-4.2	0.0	-	-	-
Cash from Investing Activities	-26.8	-48.1	180.4	-6.3	-6.2
Receipts from Issue Of Loan Capital/Debt	0.0	0.0	0.0	43.6	0.0
Dividend Paid	-9.6	0.0	0.0	-7.5	0.0
Cash from Financing Activities	-9.6	0.0	0.0	36.0	0.0
Foreign Exchange Effects	-	-	-	-	0.0
Net Change in Cash	14.4	118.9	231.3	-105.4	67.6
Depreciation	5.0	4.0	3.3	2.6	2.1
Cash,Begining Of Year	648.9	535.3	538.8	411.6	344.6
Cash,End Of Year	663.3	654.3	658.5	306.2	34.1

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 30-Sep-2011	Quarter Ending Yr Ago	Annual Year End 31-Dec-2010	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1	131.3	31.43%	433.7	18.82%	19.47%	-
Income Available to Common Excl Extraord Items1	15.3	73.47%	64.4	31.79%	46.47%	-
Basic EPS Excl Extraord Items1	0.02	28.44%	0.09	31.79%	26.29%	-
Capital Expenditures2	6.6	13.70%	8.2	76.03%	9.32%	-
Cash from Operating Activities2	199.1	76.01%	50.8	-69.32%	-	-
Free Cash Flow	186.9	79.39%	42.1	-73.52%	-	-
Total Assets3	4,998.3	17.37%	4,693.7	18.86%	20.01%	-
Total Liabilities3	4,627.6	16.91%	4,360.0	19.01%	19.48%	-
Total Long Term Debt3	39.9	0.00%	42.6	0.00%	0.00%	-
Total Common Shares Outstanding3	1,000.8	35.00%	741.3	20.00%	24.93%	-
1-ExchangeRate: BDT to USD Average for Period	74.501559	Â	69.602650	Â	Â	Â
2-ExchangeRate: BDT to USD Average for Period	73.031727	Â	69.602650	Â	Â	Â
3-ExchangeRate: BDT to USD Period End Date	75.225000	Â	70.475000	Â	Â	Â

Banking Industry Specific USD (mil)
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Interest Income, Bank1	355.8	309.6	285.0	211.6	162.3
Total Interest Expense1	207.9	189.4	177.3	136.6	116.6
Loan Loss Provision1	16.0	18.3	16.5	20.1	5.9
Cash & Due from Banks3	846.2	812.9	645.6	596.0	411.2
Total Deposits3	4,100.1	3,490.4	2,899.5	2,365.9	1,903.9
1-ExchangeRate: BDT to USD Average for Period	69.602650	69.026932	68.582616	68.868552	68.759046
3-ExchangeRate: BDT to USD Period End Date	70.475000	69.260000	68.910000	69.555000	69.085000

Key Ratios
Â	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Profitability
Pretax Margin	34.28%	30.50%	32.48%	25.95%	26.07%
Net Profit Margin	18.11%	15.93%	13.69%	9.80%	12.55%
Financial Strength
Long Term Debt/Equity	0.13	0.15	0.21	0.27	0.00
Total Debt/Equity	0.13	0.15	0.21	0.27	0.00
Management Effectiveness
Return on Assets	1.47%	1.34%	1.27%	0.84%	-
Return on Equity	20.57%	19.92%	21.16%	13.45%	-
Efficiency
Asset Turnover	0.10	0.10	0.11	0.10	-

Market Valuation USD (mil)
P/E (TTM)	7.67	.	Enterprise Value2	-278.7
Price/Sales (TTM)	2.57	.	Price/Book (MRQ)	1.77
Enterprise Value/EBITDA (TTM)	-0.76	.	Market Cap1	583.1
1-ExchangeRate: BDT to USD on 26-Jan-2012	84.445000
2-ExchangeRate: BDT to USD on 30-Sep-2011	75.225000

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Financial Strength
Long Term Debt/Equity	0.13	0.15	0.21	0.27	0.00
Total Debt/Equity	0.13	0.15	0.21	0.27	0.00
Long Term Debt/Total Capital	0.11	0.13	0.18	0.21	0.00
Total Debt/Total Capital	0.11	0.13	0.18	0.21	0.00
Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Effective Tax Rate	47.17%	47.78%	57.86%	62.25%	51.85%
Total Capital1	376.3	333.6	247.6	204.4	144.9
Efficiency
Asset Turnover	0.10	0.10	0.11	0.10	-
Profitability
Pretax Margin	34.28%	30.50%	32.48%	25.95%	26.07%
Net Profit Margin	18.11%	15.93%	13.69%	9.80%	12.55%
Management Effectiveness
Return on Assets	1.47%	1.34%	1.27%	0.84%	-
Return on Equity	20.57%	19.92%	21.16%	13.45%	-
Valuation
Free Cash Flow/Share2	0.06	0.26	0.07	-0.37	0.20
Operating Cash Flow/Share 2	0.07	0.27	0.08	-0.35	0.21
1-ExchangeRate: BDT to USD Period End Date	70.475	69.26	68.91	69.555	69.085
2-ExchangeRate: BDT to USD Average for Period	70.475	69.26	68.91	69.555	69.085

Current Market Multiples
Market Cap/Earnings (TTM)	7.67
Market Cap/Equity (MRQ)	1.77
Market Cap/Revenue (TTM)	1.65
Market Cap/EBIT (TTM)	1.77
Market Cap/EBITDA (TTM)	1.77
Enterprise Value/Earnings (TTM)	-3.27
Enterprise Value/Equity (MRQ)	-0.75
Enterprise Value/Revenue (TTM)	-0.70
Enterprise Value/EBIT (TTM)	-0.76
Enterprise Value/EBITDA (TTM)	-0.76

Annual Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Interest & Dividends on Investment Securities	5.9	1.3	0.8	0.7	1.1
Other Interest Income	349.9	308.3	284.2	210.9	161.2
Interest Income, Bank	355.8	309.6	285.0	211.6	162.3
Interest on Deposit	207.9	189.4	177.3	136.6	116.6
Total Interest Expense	207.9	189.4	177.3	136.6	116.6
Net Interest Income	147.9	120.1	107.6	74.9	45.6
Loan Loss Provision	16.0	18.3	16.5	20.1	5.9
Net Interest Income after Loan Loss Provision	131.9	101.8	91.1	54.9	39.7
Commissions & Fees from Securities Activities	57.4	49.8	48.7	37.4	35.7
Fees for Other Customer Services	0.4	0.2	0.2	0.1	0.1
Investment Securities Gains	7.0	1.7	6.0	4.1	2.0
Other Unusual Income	0.0	0.0	0.0	0.0	0.0
Other Revenue	9.2	3.8	3.6	2.7	2.6
Non-Interest Income, Bank	77.8	58.4	61.4	45.4	41.9
Labor & Related Expenses	-61.7	-45.6	-41.6	-29.5	-27.1
Depreciation Expense	-5.0	-4.0	-3.3	-2.6	-2.1
Other Expense	-21.0	-16.2	-15.2	-13.3	-10.1
Non-Interest Expense, Bank	-87.7	-65.9	-60.0	-45.4	-39.3
Income Before Tax	122.0	94.4	92.6	54.9	42.3
Total Income Tax	57.5	45.1	53.6	34.2	21.9
Income After Tax	64.4	49.3	39.0	20.7	20.4
Minority Interest	0.0	0.0	-	-	-
Net Income Before Extraord Items	64.4	49.3	39.0	20.7	20.4
Net Income	64.4	49.3	39.0	20.7	20.4
Income Available to Common Excl Extraord Items	64.4	49.3	39.0	20.7	20.4
Income Available to Common Incl Extraord Items	64.4	49.3	39.0	20.7	20.4
Basic/Primary Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Basic EPS Excl Extraord Items	0.09	0.07	0.06	0.04	0.54
Basic/Primary EPS Incl Extraord Items	0.09	0.07	0.06	0.04	0.54
Diluted Net Income	64.4	49.3	39.0	20.7	20.4
Diluted Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Diluted EPS Excl Extraord Items	0.09	0.07	0.06	0.04	0.54
Diluted EPS Incl Extraord Items	0.09	0.07	0.06	0.04	0.54
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	5.0	4.0	3.3	2.6	2.1
Total Special Items	-3.7	-3.0	-2.9	-1.0	-1.5
Normalized Income Before Tax	118.2	91.5	89.6	53.9	40.8
Effect of Special Items on Income Taxes	-1.8	-1.4	-1.7	-0.4	-0.8
Inc Tax Ex Impact of Sp Items	55.8	43.7	51.9	33.8	21.1
Normalized Income After Tax	62.5	47.8	37.8	20.1	19.6
Normalized Inc. Avail to Com.	62.5	47.8	37.8	20.1	19.6
Basic Normalized EPS	0.08	0.06	0.06	0.04	0.52
Diluted Normalized EPS	0.08	0.06	0.06	0.04	0.52
Rental Expenses	2.1	1.5	-	-	-
Advertising Expense, Supplemental	0.9	0.4	0.6	0.4	0.6
Bank Total Revenue	433.7	368.0	346.4	257.0	204.2
Current Tax - Domestic	57.6	44.7	53.2	24.7	21.7
Current Tax - Total	57.6	44.7	53.2	24.7	21.7
Deferred Tax - Domestic	0.0	0.4	0.4	0.5	0.3
Deferred Tax - Total	0.0	0.4	0.4	0.5	0.3
Income Tax - Total	57.5	45.1	53.6	25.1	21.9

Interim Income Statement

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	74.501559	73.267903	71.32044	70.399892	69.465054
Interest & Dividends on Investment Securities	110.3	105.4	99.5	97.8	89.8
Interest Income, Bank	110.3	105.4	99.5	97.8	89.8
Interest on Deposit	65.4	56.8	57.1	57.0	54.7
Total Interest Expense	65.4	56.8	57.1	57.0	54.7
Net Interest Income	45.0	48.5	42.4	40.9	35.1
Loan Loss Provision	10.4	-1.5	6.1	2.9	8.0
Net Interest Income after Loan Loss Provision	34.6	50.0	36.3	38.0	27.2
Commissions & Fees from Securities Activities	18.0	18.3	19.3	16.0	14.6
Investment Securities Gains	1.4	0.8	0.8	0.2	0.3
Other Revenue	1.5	4.2	1.1	5.7	2.4
Non-Interest Income, Bank	20.9	23.3	21.2	22.0	17.3
Labor & Related Expenses	-13.4	-12.2	-10.5	-28.8	-13.9
Depreciation Expense	-1.5	-2.8	-0.1	-0.7	-1.5
Other Expense	-4.7	-8.4	-9.3	-7.2	-4.9
Non-Interest Expense, Bank	-19.6	-23.3	-20.0	-36.7	-20.2
Income Before Tax	35.9	50.0	37.6	23.2	24.2
Total Income Tax	20.6	20.6	18.5	9.6	14.8
Income After Tax	15.3	29.4	19.0	13.6	9.5
Minority Interest	-	-	-	0.0	-
Net Income Before Extraord Items	15.3	29.4	19.0	13.6	9.5
Net Income	15.3	29.4	19.0	13.6	9.5
Income Available to Common Excl Extraord Items	15.3	29.4	19.0	13.6	9.5
Income Available to Common Incl Extraord Items	15.3	29.4	19.0	13.6	9.5
Basic/Primary Weighted Average Shares	1,001.2	1,000.7	741.3	741.3	741.3
Basic EPS Excl Extraord Items	0.02	0.03	0.03	0.02	0.01
Basic/Primary EPS Incl Extraord Items	0.02	0.03	0.03	0.02	0.01
Diluted Net Income	15.3	29.4	19.0	13.6	9.5
Diluted Weighted Average Shares	1,001.2	1,000.7	741.3	741.3	741.3
Diluted EPS Excl Extraord Items	0.02	0.03	0.03	0.02	0.01
Diluted EPS Incl Extraord Items	0.02	0.03	0.03	0.02	0.01
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Depreciation, Supplemental	1.5	2.8	0.1	0.7	1.5
Normalized Income Before Tax	35.9	50.0	37.6	23.2	24.2
Inc Tax Ex Impact of Sp Items	20.6	20.6	18.5	9.6	14.8
Normalized Income After Tax	15.3	29.4	19.0	13.6	9.5
Normalized Inc. Avail to Com.	15.3	29.4	19.0	13.6	9.5
Basic Normalized EPS	0.02	0.03	0.03	0.02	0.01
Diluted Normalized EPS	0.02	0.03	0.03	0.02	0.01
Bank Total Revenue	131.3	128.6	120.8	119.8	107.1
Current Tax - Domestic	20.6	20.6	18.5	10.1	14.7
Current Tax - Total	20.6	20.6	18.5	10.1	14.7
Deferred Tax - Domestic	0.0	0.0	0.0	-0.4	0.1
Deferred Tax - Total	0.0	0.0	0.0	-0.4	0.1
Income Tax - Total	20.6	20.6	18.5	9.6	14.8

Annual Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	70.475	69.26	68.91	69.555	69.085
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash & Due from Banks	846.2	812.9	645.6	596.0	411.2
Interest-earning Deposits	0.1	0.1	0.1	0.1	0.1
Total Investment Securities	3,713.7	3,098.7	2,612.9	2,083.5	1,644.0
Other Earning Assets, Total	3,713.9	3,098.8	2,613.0	2,083.6	1,644.1
Buildings	51.3	50.3	33.1	29.6	27.5
Land/Improvements	34.8	35.3	22.8	21.0	20.3
Machinery/Equipment	30.6	25.8	22.2	17.6	14.7
Construction in Progress	1.0	0.6	0.5	1.0	1.0
Other Property/Plant/Equipment	0.2	0.0	0.0	0.0	0.0
Property/Plant/Equipment - Gross	117.9	112.0	78.7	69.1	63.5
Accumulated Depreciation	-22.0	-18.0	-14.7	-11.8	-9.6
Property/Plant/Equipment - Net	95.9	94.0	64.0	57.3	53.9
Other Assets	37.7	12.5	27.9	14.3	65.7
Other Assets, Total	37.7	12.5	27.9	14.3	65.7
Total Assets	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Accounts Payable	42.3	36.8	33.5	25.4	12.9
Other Deposits	503.7	343.6	300.8	275.5	202.9
Total Deposits	4,100.1	3,490.4	2,899.5	2,365.9	1,903.9
Long Term Debt	42.6	43.3	43.5	43.1	0.0
Total Long Term Debt	42.6	43.3	43.5	43.1	0.0
Total Debt	42.6	43.3	43.5	43.1	0.0
Deferred Income Tax - LT Liability	2.3	2.4	2.0	-	-
Deferred Income Tax	2.3	2.4	2.0	-	-
Minority Interest	0.0	0.0	-	-	-
Other Liabilities	172.7	155.1	167.8	155.5	113.3
Other Liabilities, Total	172.7	155.1	167.8	155.5	113.3
Total Liabilities	4,360.0	3,727.9	3,146.4	2,589.9	2,030.0
Common Stock	105.2	89.2	69.0	54.7	50.0
Common Stock	105.2	89.2	69.0	54.7	50.0
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0
Retained Earnings (Accumulated Deficit)	158.4	123.2	95.1	69.5	61.8
Unrealized Gain (Loss)	70.0	77.8	39.9	37.1	33.0
Total Equity	333.7	290.3	204.0	161.3	144.9
Total Liabilities & Shareholders’ Equity	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Shares Outstanding - Common Stock Primary Issue	741.3	617.8	617.8	380.2	345.6
Total Common Shares Outstanding	741.3	617.8	617.8	380.2	345.6
Number of Common Shareholders	58,923	52,164	33,686	26,488	26,488
Deferred Revenue - Current	0.0	0.0	0.0	0.0	0.0
Total Long Term Debt, Supplemental	42.6	43.3	43.5	43.1	-
Long Term Debt Maturing within 1 Year	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 2	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 3	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 4	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 5	-	0.0	0.0	0.0	-
Long Term Debt Maturing in 2-3 Years	-	0.0	0.0	0.0	-
Long Term Debt Maturing in 4-5 Years	-	0.0	0.0	0.0	-
Long Term Debt Matur. in Year 6 & Beyond	42.6	43.3	43.5	43.1	-

Interim Balance Sheet

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	75.225	74.22	72.525	70.475	69.425
Cash & Due from Banks	973.2	956.8	733.0	846.2	894.3
Interest-earning Deposits	-	-	-	0.1	0.1
Total Investment Securities	3,878.2	3,796.9	3,846.8	3,713.7	3,534.3
Other Earning Assets, Total	3,878.2	3,796.9	3,846.8	3,713.9	3,534.4
Property/Plant/Equipment - Net	92.4	92.3	95.5	95.9	95.9
Other Assets	54.6	138.1	45.3	37.7	89.9
Other Assets, Total	54.6	138.1	45.3	37.7	89.9
Total Assets	4,998.3	4,984.1	4,720.6	4,693.7	4,614.5
Accounts Payable	42.9	37.2	36.9	42.3	38.2
Other Deposits	511.3	496.9	523.1	503.7	449.9
Total Deposits	4,355.0	4,298.1	4,101.6	4,100.1	3,991.9
Long Term Debt	39.9	40.4	41.4	42.6	43.2
Total Long Term Debt	39.9	40.4	41.4	42.6	43.2
Total Debt	39.9	40.4	41.4	42.6	43.2
Deferred Income Tax - LT Liability	2.2	2.2	2.2	2.3	2.8
Deferred Income Tax	2.2	2.2	2.2	2.3	2.8
Minority Interest	0.0	0.0	0.0	0.0	-
Other Liabilities	187.7	244.7	197.9	172.7	212.7
Other Liabilities, Total	187.7	244.7	197.9	172.7	212.7
Total Liabilities	4,627.6	4,622.7	4,380.0	4,360.0	4,288.9
Common Stock	133.0	134.8	102.2	105.2	106.8
Common Stock	133.0	134.8	102.2	105.2	106.8
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0
Retained Earnings (Accumulated Deficit)	175.8	162.8	172.7	158.4	147.1
Unrealized Gain (Loss)	61.9	63.8	65.6	70.0	71.8
Total Equity	370.7	361.4	340.5	333.7	325.7
Total Liabilities & Shareholders’ Equity	4,998.3	4,984.1	4,720.6	4,693.7	4,614.5
Shares Outstanding - Common Stock Primary Issue	1,000.8	1,000.8	741.3	741.3	741.3
Total Common Shares Outstanding	1,000.8	1,000.8	741.3	741.3	741.3
Deferred Revenue - Current	-	-	-	0.0	0.0

Annual Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash Receipts	355.6	309.6	285.0	211.6	162.3
Cash Payments	-2.7	-2.2	-1.9	-1.7	-0.8
Cash Taxes Paid	-46.3	-52.1	-34.8	-29.2	-15.7
Other Assets	-720.6	-487.6	-522.9	-691.1	-320.6
Other Liabilities	668.6	583.0	477.7	503.9	359.9
Other Operating Cash Flow	-203.8	-183.6	-152.1	-128.7	-111.3
Changes in Working Capital	-255.8	-88.2	-197.3	-315.8	-71.9
Cash from Operating Activities	50.8	167.1	51.0	-135.1	73.8
Purchase of Fixed Assets	-8.2	-4.7	-9.2	-6.3	-5.8
Capital Expenditures	-8.2	-4.7	-9.2	-6.3	-5.8
Purchase of Investments	-18.6	-43.5	189.5	0.0	-0.3
Other Investing Cash Flow Items, Total	-18.6	-43.5	189.5	0.0	-0.3
Cash from Investing Activities	-26.8	-48.1	180.4	-6.3	-6.2
Other Financing Cash Flow	-9.6	0.0	0.0	-7.5	0.0
Financing Cash Flow Items	-9.6	0.0	0.0	-7.5	0.0
Long Term Debt Issued	0.0	0.0	0.0	43.6	0.0
Long Term Debt, Net	0.0	0.0	0.0	43.6	0.0
Issuance (Retirement) of Debt, Net	0.0	0.0	0.0	43.6	0.0
Cash from Financing Activities	-9.6	0.0	0.0	36.0	0.0
Foreign Exchange Effects	-	-	-	-	0.0
Net Change in Cash	14.4	118.9	231.3	-105.4	67.6
Net Cash - Beginning Balance	648.9	535.3	538.8	411.6	344.6
Net Cash - Ending Balance	663.3	654.3	658.5	306.2	34.1
Depreciation	5.0	4.0	3.3	2.6	2.1

Interim Cash Flows

Standardized

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	9 Months	6 Months	3 Months	12 Months	9 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	73.031727	72.291257	71.32044	69.60265	69.331145
Cash Receipts	315.5	205.0	99.5	355.6	257.9
Cash Payments	-1.9	-1.2	-0.5	-2.7	-1.2
Cash Taxes Paid	-37.2	-25.9	-4.6	-46.3	-39.0
Other Assets	-430.7	-382.7	-250.8	-720.6	-521.1
Other Liabilities	521.6	477.9	125.7	668.6	560.4
Other Operating Cash Flow	-168.3	-108.9	-55.3	-203.8	-137.9
Changes in Working Capital	-77.3	-13.7	-180.4	-255.8	-98.5
Cash from Operating Activities	199.1	164.2	-85.9	50.8	119.2
Purchase of Fixed Assets	-6.6	-4.0	-3.7	-8.2	-6.1
Capital Expenditures	-6.6	-4.0	-3.7	-8.2	-6.1
Sale/Maturity of Investment	0.0	0.0	25.5	-	-
Purchase of Investments	-16.2	-3.9	-	-18.6	-76.4
Other Investing Cash Flow Items, Total	-16.2	-3.9	25.5	-18.6	-76.4
Cash from Investing Activities	-22.8	-7.9	21.8	-26.8	-82.6
Other Financing Cash Flow	0.0	0.0	0.0	-9.6	-8.9
Financing Cash Flow Items	0.0	0.0	0.0	-9.6	-8.9
Long Term Debt Issued	0.0	0.0	0.0	0.0	0.0
Long Term Debt, Net	0.0	0.0	0.0	0.0	0.0
Issuance (Retirement) of Debt, Net	0.0	0.0	0.0	0.0	0.0
Cash from Financing Activities	0.0	0.0	0.0	-9.6	-8.9
Foreign Exchange Effects	0.0	0.0	-	0.0	0.0
Net Change in Cash	176.3	156.3	-64.1	14.4	27.7
Net Cash - Beginning Balance	626.2	638.6	647.3	648.9	651.4
Net Cash - Ending Balance	802.5	794.9	583.2	663.3	679.1
Depreciation	-	-	0.1	5.0	4.3

Annual Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Income From General Investment	349.9	308.3	284.2	210.9	161.2
Investment Income	5.9	1.3	0.8	0.7	1.1
Total Revenue	355.8	309.6	285.0	211.6	162.3
Profit Paid on Deposits	207.9	189.4	177.3	136.6	116.6
Loan Loss Provisions	16.0	18.3	16.5	20.1	5.9
Total Operating Expense	223.9	207.7	193.8	156.7	122.5
Income From Investment In Shares/Securit	7.0	1.7	6.0	4.1	2.0
Commission, Exchange & Brokerage	57.4	49.8	48.7	37.4	35.7
Rent On Locker	0.1	0.0	0.0	0.0	0.0
Telephone/Trunk Call Charge Recoevered	0.4	0.6	0.5	0.5	0.4
Telex Charge Recovered	-	-	-	0.0	0.1
P & T Charge Recovered	0.8	0.8	0.8	0.6	0.8
Legal Expenses Recovered	0.0	0.0	0.1	0.0	0.0
E & TA Fees Recovered	0.0	0.0	0.0	0.0	0.0
Income from ATM & Swift	1.5	1.1	1.0	0.8	0.5
Incidental Charges Recovered	5.4	0.1	0.1	0.1	0.1
Service Charges Recovered	0.4	0.2	0.1	0.1	0.0
Rent On Premises Realised	0.0	0.0	0.0	0.0	0.1
Sale Proceeds Of Tender Schedule	0.0	0.1	0.0	0.0	0.0
Profit On Sale Of Bank's Premises	-	-	-	-	0.1
Profit On Sale Of Bank's Car	0.0	0.0	0.1	0.1	0.1
W/O Investment Recovery	3.7	2.9	2.8	0.9	1.4
Recruitment Fees Recovered	0.2	0.3	0.1	0.2	0.1
MICR Cheque Charge Realised	0.0	-	-	-	-
Brokerage House Income	-	-	-	0.0	-
Gain On Revaluation Of Securities	-	-	-	0.0	-
Others	0.7	0.8	1.0	0.5	0.4
Salary & Allowances	-61.6	-45.6	-41.3	-29.5	-26.9
Rent, Taxes, Insurances,	-6.0	-1.5	-1.3	-0.9	-0.7
Legal Expenses	-0.2	-0.2	-0.2	-0.2	-0.2
Postage, Stamp,	-1.2	-0.5	-0.5	-0.4	-0.4
Printing & Stationery	-2.1	-1.0	-0.7	-0.6	-0.4
Chief Executive's Salary & Fees	-0.1	-0.1	-0.1	0.0	0.0
Directors' Fees & Expenses	-0.1	-0.1	-0.1	-0.1	-0.1
Shariah Council's Meeting Fees & Expense	0.0	0.0	0.0	-	-
Auditors' Fees	0.0	0.0	0.0	0.0	0.0
Insurance	-	-2.1	-1.8	-1.4	-1.1
Electricity & Lighting	-	-1.3	-1.1	-0.9	-0.7
Telegram	-	-	-	0.0	0.0
Swift Charges	-	-0.3	-0.2	-0.2	-0.2
Telephone	-	-0.4	-0.5	-0.6	-0.6
Fax & Internet	-	-0.1	-0.1	0.0	0.0
Stamps	-	0.0	0.0	0.0	0.0
Paper & Table Stationery	-	-0.2	-0.2	-0.2	-0.1
Advertisement & Publicity	-	-0.4	-0.6	-0.4	-0.6
Depreciation and Repair of	-5.0	-4.0	-3.3	-2.6	-2.1
Other Expenses	-7.7	-5.3	-5.7	-7.4	-4.9
Bank Charges	-0.3	-0.2	-0.1	0.0	0.0
Staff Welfare	-0.1	0.0	-0.3	0.0	-0.2
Gain On Revaluation Reserve Of Securitie	-	-	-	0.0	-
Zakat Expenses	-3.2	-2.5	-1.9	-	-
Total Non-Interest Revenue	77.8	58.4	61.4	45.4	41.9
Total Non-Interest Expense	-87.7	-65.9	-60.0	-45.4	-39.3
Net Income Before Taxes	122.0	94.4	92.6	54.9	42.3
Provision for Income Taxes	57.5	45.1	53.6	34.2	21.9
Net Income After Taxes	64.4	49.3	39.0	20.7	20.4
Minority Interest	0.0	0.0	-	-	-
Net Income Before Extra. Items	64.4	49.3	39.0	20.7	20.4
Net Income	64.4	49.3	39.0	20.7	20.4
Income Available to Com Excl ExtraOrd	64.4	49.3	39.0	20.7	20.4
Income Available to Com Incl ExtraOrd	64.4	49.3	39.0	20.7	20.4
Basic Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Basic EPS Excluding ExtraOrdinary Items	0.09	0.07	0.06	0.04	0.54
Basic EPS Including ExtraOrdinary Items	0.09	0.07	0.06	0.04	0.54
Diluted Net Income	64.4	49.3	39.0	20.7	20.4
Diluted Weighted Average Shares	741.3	741.3	617.8	475.2	38.0
Diluted EPS Excluding ExtraOrd Items	0.09	0.07	0.06	0.04	0.54
Diluted EPS Including ExtraOrd Items	0.09	0.07	0.06	0.04	0.54
DPS-Common Stock	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	118.2	91.5	89.6	53.9	40.8
Inc Tax Ex Impact of Sp Items	55.8	43.7	51.9	33.8	21.1
Normalized Income After Taxes	62.5	47.8	37.8	20.1	19.6
Normalized Inc. Avail to Com.	62.5	47.8	37.8	20.1	19.6
Basic Normalized EPS	0.08	0.06	0.06	0.04	0.52
Diluted Normalized EPS	0.08	0.06	0.06	0.04	0.52
Depreciation, Supplemental	5.0	4.0	3.3	2.6	2.1
Advertising Expense, Supplemental	0.9	0.4	0.6	0.4	0.6
Rental Expense, Supplemental	2.1	1.5	-	-	-
Current Tax	57.6	44.7	53.2	24.7	21.7
Current Tax - Total	57.6	44.7	53.2	24.7	21.7
Deferred Tax	0.0	0.4	0.4	0.5	0.3
Deferred Tax - Total	0.0	0.4	0.4	0.5	0.3
Income Tax - Total	57.5	45.1	53.6	25.1	21.9

Interim Income Statement

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	3 Months	3 Months	3 Months	3 Months	3 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	74.501559	73.267903	71.32044	70.399892	69.465054
Investment income	110.3	105.4	99.5	97.8	89.8
Total Revenue	110.3	105.4	99.5	97.8	89.8
Profit Paid on Deposits	65.4	56.8	57.1	57.0	54.7
Loan Loss Provisions	10.4	-1.5	6.1	2.9	8.0
Total Operating Expense	75.7	55.3	63.2	59.8	62.7
Income From Investment In Shares/Securit	1.4	0.8	0.8	0.2	0.3
Commission, Exchange & Brokerage	18.0	18.3	19.3	16.0	14.6
Others	1.5	4.2	1.1	5.7	2.4
Salary & Allowances	-13.4	-12.2	-10.5	-28.8	-13.9
Rent, Taxes, Insurances,	-1.3	-2.3	-0.8	-2.3	-1.0
Legal Expenses	-0.1	0.0	0.0	-0.1	0.0
Postage, Stamp,	-0.3	-0.4	-0.2	-0.4	-0.3
Printing & Stationery	-0.5	-0.5	-0.2	-1.4	-0.4
Chief Executive's Salary & Fees	0.0	0.0	0.0	0.0	0.0
Directors' Fees & Expenses	0.0	-0.1	0.0	0.0	0.0
Auditors' Fees	-	-	0.0	0.0	0.0
Depreciation and Repair of	-1.5	-2.8	-0.1	-0.7	-1.5
Other Expenses	-2.6	-2.0	-8.0	-1.8	-2.5
Changes in Fair Value of Securities	0.8	-1.5	-	-	-
Zakat Expenses	-0.7	-1.5	0.0	-1.3	-0.6
Shariah Council's Meeting Fees & Expense	0.0	0.0	0.0	0.0	0.0
Other Provision	-	-	-	0.0	0.0
Total Non-Interest Revenue	20.9	23.3	21.2	22.0	17.3
Total Non-Interest Expense	-19.6	-23.3	-20.0	-36.7	-20.2
Net Income Before Taxes	35.9	50.0	37.6	23.2	24.2
Provision for Income Taxes	20.6	20.6	18.5	9.6	14.8
Net Income After Taxes	15.3	29.4	19.0	13.6	9.5
Minority Interest	-	-	-	0.0	-
Net Income Before Extra. Items	15.3	29.4	19.0	13.6	9.5
Net Income	15.3	29.4	19.0	13.6	9.5
Income Available to Com Excl ExtraOrd	15.3	29.4	19.0	13.6	9.5
Income Available to Com Incl ExtraOrd	15.3	29.4	19.0	13.6	9.5
Basic Weighted Average Shares	1,001.2	1,000.7	741.3	741.3	741.3
Basic EPS Excluding ExtraOrdinary Items	0.02	0.03	0.03	0.02	0.01
Basic EPS Including ExtraOrdinary Items	0.02	0.03	0.03	0.02	0.01
Diluted Net Income	15.3	29.4	19.0	13.6	9.5
Diluted Weighted Average Shares	1,001.2	1,000.7	741.3	741.3	741.3
Diluted EPS Excluding ExtraOrd Items	0.02	0.03	0.03	0.02	0.01
Diluted EPS Including ExtraOrd Items	0.02	0.03	0.03	0.02	0.01
DPS-Common Stock	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	0.0	0.0	0.0	0.0	0.0
Normalized Income Before Taxes	35.9	50.0	37.6	23.2	24.2
Inc Tax Ex Impact of Sp Items	20.6	20.6	18.5	9.6	14.8
Normalized Income After Taxes	15.3	29.4	19.0	13.6	9.5
Normalized Inc. Avail to Com.	15.3	29.4	19.0	13.6	9.5
Basic Normalized EPS	0.02	0.03	0.03	0.02	0.01
Diluted Normalized EPS	0.02	0.03	0.03	0.02	0.01
Depreciation, Supplemental	1.5	2.8	0.1	0.7	1.5
Current Tax	20.6	20.6	18.5	10.1	14.7
Current Tax - Total	20.6	20.6	18.5	10.1	14.7
Deferred Tax	0.0	0.0	0.0	-0.4	0.1
Deferred Tax - Total	0.0	0.0	0.0	-0.4	0.1
Income Tax - Total	20.6	20.6	18.5	9.6	14.8

Annual Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	70.475	69.26	68.91	69.555	69.085
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash in hand	53.7	35.8	45.1	41.8	20.4
Bank Balance	500.4	505.4	409.6	203.7	320.0
Financial Institutions	53.0	84.6	19.1	33.8	11.0
Financial Institutions-Outside Banglades	48.0	26.3	62.5	23.8	8.2
Investments in Shares &	165.6	160.4	109.0	292.5	51.2
Investments in Shares &-Other	25.6	0.4	0.4	0.3	0.3
General Investment	3,452.1	2,929.3	2,464.5	1,924.8	1,544.5
Bills Purchased & Discontinued	261.7	169.4	148.4	158.7	99.5
Land	34.8	35.3	22.8	21.0	20.3
Building	51.3	50.3	33.1	29.6	27.5
Construction/Work-in-process	1.0	0.6	0.5	1.0	1.0
Furniture & Fixtures	6.2	5.5	4.8	4.2	3.7
Mechanical Applicants & Cost Of Software	19.0	15.4	12.8	10.0	8.0
Motor Vehicles	5.3	5.0	4.6	3.3	3.0
Books	0.0	0.0	0.0	0.0	0.0
Others	0.1	0.0	-	-	-
Depreciation	-22.0	-18.0	-14.7	-11.8	-9.6
Stock Of Stationery In Hand	1.1	0.8	0.8	0.6	0.5
Stamps In Hand	0.1	0.1	0.0	0.0	0.0
Advances Rent Paid	2.8	2.1	1.8	1.6	1.4
Security Deposits	0.1	0.1	0.1	0.1	0.1
Suspenses Accounts	10.5	7.5	4.5	4.9	5.1
D.D Paid without Advice	-	-	-	0.4	5.2
Accrued Income	4.6	2.0	5.9	2.9	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0
IB General Accounts	14.7	0.0	0.5	0.0	47.6
F.C Clearing	3.2	0.0	14.3	3.8	5.9
Other Assets	0.8	0.0	-	-	-
Total Assets	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
Mudaraba Savings Deposits	1,577.1	1,372.8	1,124.6	897.2	754.4
Mudaraba Term Deposits	725.9	653.6	532.7	447.2	374.5
Other Mudaraba Deposits	1,293.5	1,120.5	941.4	746.0	572.1
Current and Other Accounts	503.7	343.6	300.8	275.5	202.9
Bills Payable	42.3	36.8	33.5	25.4	12.9
Other liabilities	172.7	155.1	167.8	155.5	113.3
Mudaraba Perpetual Bond	42.6	43.3	43.5	43.1	0.0
Total Long Term Debt	42.6	43.3	43.5	43.1	0.0
Deferred Tax Liabilities	2.3	2.4	2.0	-	-
Minority Interest	0.0	0.0	-	-	-
Total Liabilities	4,360.0	3,727.9	3,146.4	2,589.9	2,030.0
Paid - up Capital	105.2	89.2	69.0	54.7	50.0
Share Premium	0.0	0.0	0.0	0.0	0.0
Statutory Reserve	112.6	90.2	71.7	52.8	32.9
General/Other Reserves	8.7	6.3	2.8	3.0	16.4
Assets Rev. Reserves	61.2	62.3	33.0	32.7	33.0
Revaluation Reserves Of Securities	8.8	15.6	6.9	4.4	0.0
Retained Earnings including	37.1	26.8	20.7	13.7	12.5
Total Equity	333.7	290.3	204.0	161.3	144.9
Total Liabilities & Shareholders' Equity	4,693.7	4,018.2	3,350.4	2,751.2	2,174.9
S/O-Common Stock	741.3	617.8	617.8	380.2	345.6
Total Common Shares Outstanding	741.3	617.8	617.8	380.2	345.6
Deferred Revenue - Current	0.0	0.0	0.0	0.0	0.0
Number of Common Shareholders	58,923	52,164	33,686	26,488	26,488
Long Term Debt Maturing within 1 Year	-	0.0	0.0	0.0	-
Long Term Debt Maturing in Year 5	-	0.0	0.0	0.0	-
Long Term Debt - Remaining Maturities	42.6	43.3	43.5	43.1	-
Total Long Term Debt, Supplemental	42.6	43.3	43.5	43.1	-

Interim Balance Sheet

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate	75.225	74.22	72.525	70.475	69.425
Cash in hand	62.5	64.1	49.3	53.7	46.7
Bank Balance	476.6	565.5	397.0	500.4	461.8
Financial Institutions	184.4	87.2	71.2	53.0	133.4
Financial Institutions-Outside Banglades	55.6	57.4	56.0	48.0	36.3
Investments in Shares &	175.3	161.3	130.9	165.6	211.8
Investments in Shares-Others	18.7	21.3	28.5	25.6	4.3
General Investment	3,697.5	3,541.2	3,563.0	3,452.1	3,311.5
Bills Purchased & Disconted	180.8	255.6	283.8	261.7	222.8
Fixed Asset Including Premises	92.4	92.3	95.5	95.9	95.9
Stock Of Stationery In Hand	-	-	-	1.1	2.0
Stamps In Hand	-	-	-	0.1	0.1
Advances Rent Paid	-	-	-	2.8	2.6
Security Deposits	-	-	-	0.1	0.1
Suspenses Accounts	-	-	-	10.5	11.3
Accrued Income	-	-	-	4.6	5.0
Deferred Revenue	-	-	-	0.0	0.0
IB General Accounts	-	-	-	14.7	26.3
F.C Clearing	-	-	-	3.2	-
Other Assets	54.6	138.1	45.3	0.8	-
Advance Income Tax	-	-	-	-	40.8
Receivables against RDS	-	-	-	-	1.8
Total Assets	4,998.3	4,984.1	4,720.6	4,693.7	4,614.5
Mudaraba Savings Deposits	1,667.5	1,617.7	1,559.9	1,577.1	1,544.2
Mudaraba Term Deposits	863.7	871.3	759.5	725.9	735.0
Other Mudaraba Deposits	1,312.6	1,312.2	1,259.1	1,293.5	1,262.7
Current and Other Accounts	511.3	496.9	523.1	503.7	449.9
Bills Payable	42.9	37.2	36.9	42.3	38.2
Other liabilities	187.7	244.7	197.9	172.7	212.7
Mudaraba Perpetual Bond	39.9	40.4	41.4	42.6	43.2
Total Long Term Debt	39.9	40.4	41.4	42.6	43.2
Deferred Tax Liability	2.2	2.2	2.2	2.3	2.8
Minority Interest	0.0	0.0	0.0	0.0	-
Total Liabilities	4,627.6	4,622.7	4,380.0	4,360.0	4,288.9
Paid - up Capital	133.0	134.8	102.2	105.2	106.8
Share Premium	0.0	0.0	0.0	0.0	0.0
Statutory Reserve	105.5	106.9	109.4	112.6	89.9
General/Other Reserves	8.2	8.3	8.5	8.7	6.3
Assets Rev. Reserves	57.3	58.1	59.5	61.2	62.1
Revaluation Reserves Of Securities	4.5	5.7	6.1	8.8	9.7
Retained Earnings June-2011	62.1	47.6	-	0.0	-
Retained Earnings	-	0.0	54.8	37.1	50.8
Total Equity	370.7	361.4	340.5	333.7	325.7
Total Liabilities & Shareholders' Equity	4,998.3	4,984.1	4,720.6	4,693.7	4,614.5
S/O-Common Stock	1,000.8	1,000.8	741.3	741.3	741.3
Total Common Shares Outstanding	1,000.8	1,000.8	741.3	741.3	741.3
Deferred Revenue - Current	-	-	-	0.0	0.0

Annual Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2010	Updated Normal 31-Dec-2009	Reclassified Normal 31-Dec-2009	Restated Normal 31-Dec-2008	Updated Normal 31-Dec-2006
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	69.60265	69.026932	68.582616	68.868552	68.759046
Auditor		Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.	Howladar Yunus & Co.
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation	Unqualified with Explanation
Cash Receipts	355.6	309.6	285.0	211.6	162.3
Cash Payments	-2.7	-2.2	-1.9	-1.7	-0.8
Cash Taxes Paid	-46.3	-52.1	-34.8	-29.2	-15.7
Payments to employees	-61.7	-45.7	-41.4	-29.6	-26.9
Profit Paid on Deposits	-198.6	-184.3	-155.4	-129.9	-116.6
Income/ Dividend receipt from Investment	4.6	3.9	3.0	1.2	2.0
Fees & Commission receipt in Cash	57.4	49.8	48.7	37.4	35.7
Recoveries On Investment Previously W/O	3.7	2.9	2.8	0.9	-
Receipts from other Operating Activities	9.5	4.1	4.0	2.9	4.2
Payments from other Operating Activities	-18.7	-14.3	-13.7	-11.6	-9.6
Investments to Customers	-676.8	-500.7	-512.3	-455.2	-289.9
Investment In Shares & Securities	-	-	-	-290.4	-
Other Assets	-43.8	13.1	-10.6	54.4	-30.7
Deposits from other Banks	0.8	1.0	-0.6	3.4	1.7
Deposits received from Customers	683.7	595.4	474.8	482.2	356.7
Other Liabilities	-15.9	-13.4	3.5	18.4	1.6
Cash from Operating Activities	50.8	167.1	51.0	-135.1	73.8
Payment for Purchase Of Securities/BGIIB	-14.4	-43.5	189.5	0.0	-0.3
Purchase/Sale Of Property,Plant & Equipm	-8.2	-4.7	-9.2	-6.3	-5.8
Payment for Purchase Of Securities/Membe	-4.2	0.0	-	-	-
Cash from Investing Activities	-26.8	-48.1	180.4	-6.3	-6.2
Receipts from Issue Of Loan Capital/Debt	0.0	0.0	0.0	43.6	0.0
Dividend Paid	-9.6	0.0	0.0	-7.5	0.0
Cash from Financing Activities	-9.6	0.0	0.0	36.0	0.0
Foreign Exchange Effects	-	-	-	-	0.0
Net Change in Cash	14.4	118.9	231.3	-105.4	67.6
Depreciation	5.0	4.0	3.3	2.6	2.1
Cash,Begining Of Year	648.9	535.3	538.8	411.6	344.6
Cash,End Of Year	663.3	654.3	658.5	306.2	34.1

Interim Cash Flows

As Reported

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	30-Sep-2011	30-Jun-2011	31-Mar-2011	31-Dec-2010	30-Sep-2010
Period Length	9 Months	6 Months	3 Months	12 Months	9 Months
UpdateType/Date	Updated Normal 30-Sep-2011	Updated Normal 30-Jun-2011	Updated Normal 31-Mar-2011	Updated Normal 31-Dec-2010	Updated Normal 30-Sep-2010
Filed Currency	BDT	BDT	BDT	BDT	BDT
Exchange Rate (Period Average)	73.031727	72.291257	71.32044	69.60265	69.331145
Cash Receipts	315.5	205.0	99.5	355.6	257.9
Cash Payments	-1.9	-1.2	-0.5	-2.7	-1.2
Cash Taxes Paid	-37.2	-25.9	-4.6	-46.3	-39.0
Payments to employees	-36.2	-22.7	-10.5	-61.7	-32.6
Profit Paid on Deposits	-179.5	-114.0	-57.1	-198.6	-150.9
Income/ Dividend receipt from Investment	3.0	1.6	0.8	4.6	6.9
Fees & Commission receipt in Cash	55.0	37.6	19.3	57.4	39.2
Recoveries On Investment Previously W/O	0.6	0.4	0.1	3.7	2.1
Receipts from other Operating Activities	6.8	4.9	1.0	9.5	7.6
Payments from other Operating Activities	-18.0	-16.7	-8.8	-18.7	-10.2
Investments to Customers	-411.0	-277.7	-242.1	-676.8	-443.5
Other Assets	-19.7	-105.0	-8.7	-43.8	-77.5
Deposits from other Banks	-1.1	3.6	0.0	0.8	1.4
Deposits received from Customers	533.7	409.0	115.1	683.7	510.7
Other Liabilities	-10.9	65.2	10.6	-15.9	48.4
Cash from Operating Activities	199.1	164.2	-85.9	50.8	119.2
Sale of Securities/Membership	0.0	0.0	25.5	-	-
Payment for Purchase Of Securities/BGIIB	-16.2	-3.9	-	-14.4	-76.4
Purchase/Sale Of Property,Plant & Equipm	-6.6	-4.0	-3.7	-8.2	-6.1
Payment for Purchase Of Securities/Membe	-	-	-	-4.2	-
Cash from Investing Activities	-22.8	-7.9	21.8	-26.8	-82.6
Receipts from Issue Of Loan Capital/Debt	0.0	0.0	0.0	0.0	0.0
Dividend Paid	0.0	0.0	0.0	-9.6	-8.9
Cash from Financing Activities	0.0	0.0	0.0	-9.6	-8.9
Foreign Exchange Effects	0.0	0.0	-	0.0	0.0
Net Change in Cash	176.3	156.3	-64.1	14.4	27.7
Depreciation	-	-	0.1	5.0	4.3
Cash,Begining Of Year	626.2	638.6	647.3	648.9	651.4
Cash,End Of Year	802.5	794.9	583.2	663.3	679.1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.68
UK Pound	1	Rs.76.75
Euro	1	Rs.63.57

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
----	NB	New Business	----

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.