MIRA
INFORM REPORT
|
Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
PUBALI BANK LIMITED |
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Registered Office : |
26 , Dilkusha Commercial Area, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1959 |
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Legal Form : |
Public Independent Traded |
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Line of Business : |
Provides banking services to the customers through its
branch network across the |
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No. of Employees : |
5375 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Bangladesh |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
PUBALI BANK LIMITED
26 , Dilkusha Commercial Area, Dhaka, 1000 ,
Tel: 880 (2) 955 1614
Fax: 880-2-9564009
synthesis
Employees: 5,375
Company Type: Public Independent
Traded : Dhaka Stock
Exchange: PUBALIBANK
Incorporation Date: 1959
Auditor: Aziz Halim Khair Choudhury
Financials in: USD (mil.)
Fiscal Year End: 31-Dec-2009
Reporting Currency:
Annual Sales: 154.5 1
Net Income: 30.3
Total Assets: 1,553.3 2
Market Value: 451.9 (04-Aug-2011)
Business Description
Pubali Bank Limited is a Bangladesh-based commercial bank.
It provides banking services to the customers through its branch network across
the
Industry
Industry Commercial Banks
ANZSIC 2006: 6221 - Banking
NACE 2002: 6512 - Other monetary intermediation
NAICS 2002: 52211 - Commercial Banking
US SIC 1987: 6029 - Commercial Banks, Not Elsewhere Classified
Key Executives
Name Title
Helal Ahmed Chowdhury Managing
Director
Hafiz Mazumdar Chairman
Giashuddin Ahmed Director
Mustafa Ahmed Director
Moniruddin Ahmed Director
News
Title Date
Pubali Bank puts emphasis on 'core risk management'
Financial Express (
Risk Management workshop for PBL officials held
New Nation (
Pubali Bank organises orientation course
Financial Express (
DBBL ATM booths working now: Spokesman
New Nation (
Orientation held for newly recruited PBL Cash Officers
New Nation (
Financial Summary
As of 30-Jun-2010
|
Key Ratios |
Company |
Industry |
|
Debt to Equity (MRQ) |
0.21 |
|
|
Net Profit Margin (TTM) % |
34.25 |
|
Stock Snapshot
Traded:
As of 4-Aug-2011 Financials in: BDT
Recent Price 50.30
EPS 5.47
52 Week High 90.37
Price/Sales 4.89
52 Week Low 36.90
Dividend Rate 0.37
Avg. Volume (mil) 1.42
Price/Earnings 7.88
Price/Book 2.02
Market Value (mil) 33,739.28
Price % Change Rel S&P 500%
4 Week -7.54%
13 Week 8.41%
52 Week -5.94%
Year to Date -36.77%
1 - Profit & Loss Item Exchange Rate: USD 1 = BDT 69.02693
2 - Balance Sheet
Item Exchange Rate: USD 1 = BDT 69.26
location
26 , Dilkusha Commercial Area, Dhaka, 1000 ,
Tel: 880 (2) 955 1614
Fax: 880-2-9564009
Company Web Links
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Quote Symbol - Exchange |
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PUBALIBANK - |
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Sales BDT(mil): |
10,663.8 |
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Assets BDT(mil): |
107,579.6 |
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Employees: |
5,375 |
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Fiscal Year End: |
31-Dec-2009 |
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KeyIDSM: |
42435836 |
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Industry: |
Commercial Banks |
Incorporation Date: 1959
Company Type: Public Independent
Quoted Status: Quoted
Managing Director: Helal Ahmed Chowdhury
Contents
ANZSIC
2006 Codes:
6221 - Banking
NACE
2002 Codes:
6512 - Other
monetary intermediation
NAICS
2002 Codes:
52211 - Commercial
Banking
US
SIC 1987:
6029 - Commercial
Banks, Not Elsewhere Classified
65121 - Banks
Pubali Bank Limited is a Bangladesh-based commercial bank.
It provides banking services to the customers through its branch network across
the
More Business Descriptions
Provision of commercial banking services
|
Financials in: |
BDT(mil) |
|
|
|
|
|
1 Year Growth |
|
|
Revenue: |
10,663.8 |
18.4% |
|
|
Net Income: |
2,092.2 |
38.1% |
|
|
Assets: |
107,579.6 |
19.7% |
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Long Term Debt: |
0.0 |
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Total Liabilities: |
98,070.4 |
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Date of Financial
Data: |
31-Dec-2009 |
|
|
Auditor: Aziz Halim Khair
Choudhury
Auditor: Aziz Halim Khair Choudhury, Kazi Zahir Khan & Co, B Alam & Co
Board of Directors
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Hafiz Mazumdar |
Chairman |
Chairman |
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Moniruddin Ahmed |
Director |
Director/Board Member |
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Giashuddin Ahmed |
Director |
Director/Board Member |
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Mustafa Ahmed |
Director |
Director/Board Member |
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Fahim Chowdhury |
Director |
Director/Board Member |
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Syed Hussain |
Director |
Director/Board Member |
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Muhammed Rahman |
Director |
Director/Board Member |
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|
Habibur Rahman |
Director |
Director/Board Member |
|||
|
Sk |
Director |
Director/Board Member |
|||
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Monzurur Rahman |
Director |
Director/Board Member |
|||
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Rumana Sharif |
Director |
Director/Board Member |
|||
|
Mohammed Yaqub |
Director |
Director/Board Member |
Executives
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|||
|
Managing Director |
Managing Director |
Press Release
Pubali Bank puts emphasis on 'core
risk management'
Financial Express (
[What follows is the full text of the news
story.]
A workshop titled "Implementation of Core Risk's Audit & Inspection (ICC, AML & IT) and Role of Commercial Bank" was held in the Pubali Bank Head Office to increase awareness among officials organised by Internal Control & Compliance Division recently.
Managing Director of Pubali Bank Ltd Helal Ahmed Chowdhury presided over the workshop, said a press release.
Deputy General Manager of Bangladesh Bank Sheikh Mozaffar Hossain was present at the workshop as Resource Person. Deputy Managing Director of Pubali Bank Mahbub Mustafizur Rahman, General Manager & CFO Sayeed Ahmed FCA, General Manager & CTO Mohammad Ali, General Manager Md. Shah Alam were present in the workshop.
All Speakers dwelt on the main features of Implementation of Core Risk's Audit & Inspection (ICC, AML & IT) and Role of Commercial Bank. They asserted that all bank officials should have a clear concept about Money Laundering in the competitive global banking arena.
In his speech Mr Helal Ahmed Chowdhury said that Internal Control and Compliance, Anti Money Laundering & Information Technology risks is most impotant core risk among the six core risks as guided by Bangladesh Bank. He said, Internal control is the process, where the board of directors, Senior Management and all levels of personnel, implemented and designed to provide reasonable assurance regarding the achievement of objectives in the effectiveness and efficiency of operations, the reliability of financial reporting and compliance with applicable laws, regulations and internal policies.
He asserted that in the competitive global banking arena to become a successful banker, all bank officials should have a clear concept about Core Risk Management. He advised all officials to abide by the rules and regulations of Bangladesh Bank and other regulatory bodies. Published by HT Syndication with permission from The Financial Express. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com
Risk Management workshop
for PBL officials held
New Nation (
[What follows is the full text of the news story.]
Bangladesh, Aug. 24 -- A workshop titled "Implementation of Core Risk's Audit& Inspection (ICC, AML & IT) and Role of Commercial Bank" was heldin the Pubali Bank Head Office to increase awareness among officials organisedby Internal Control & Compliance Division recently. Managing Director ofPubali Bank Ltd.Helal Ahmed Chowdhury presided over the workshop.
Deputy General Manager of Bangladesh Bank Sheikh MozaffarHossain was present at the workshop as Resource Person. Deputy ManagingDirector of Pubali Bank Mahbub Mustafizur Rahman, General Manager & CFOSayeed Ahmed FCA, General Manager & CTO Mohammad Ali, General Manager Md.Shah Alam were present in the workshop. All Speakers dwelt on the main featuresof Implementation of Core Risk's Audit & Inspection (ICC, AML & IT) andRole of Commercial Bank. They asserted that all bank officials should have aclear concept about Money Laundering in the competitive global banking arena.
Deputy General Manager of Bangladesh Bank Sheikh MozaffarHossain discussed on the main features of Core Risk Management. To abide by therules and regulations imposed by Bangladesh Bank, He impressed upon the need toobtain correct and complete information regarding opening of bank accounts,transfer of funds and identification of customers to prevent Money Laundering.
In his speech Managing Director Helal Ahmed Chowdhury saidthat Internal Control and Compliance, Anti Money Laundering & InformationTechnology risks is most impotant core risk among the six core risks as guidedby Bangladesh Bank. He advised all officials to abide by the rules andregulations of Bangladesh Bank and other regulatory bodies since we are a verycompliant bank. 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
Pubali Bank organises
orientation course
Financial Express (
[What follows is the full text of the news story.]
Bangladesh, Aug. 21 -- An "Orientation Course" has been arranged for newly recruited Junior Officers (Cash) in the Pubali Bank organized by Pubali Bank Training Institute at Pubali Bank's auditorium. The course is designed aiming at familiarizing the participants with the concepts, principles, rules, regulations, laws and practices of Bank.
Managing Director of Pubali Bank Ltd Helal Ahmed Chowdhury inaugurated the ceremony as the chief guest while Additional Managing Director M. A. Halim Chowdhury and Deputy Managing Director Mahbub Mustafizur Rahman werer present as special guests.
In his inaugural speech chief guest Helal Ahmed Chowdhury urged everyone to work sincerely and honestly. He advised everyone to equip themself with diversified banking knowledge to cope with present competitive global market. He also added that one could become successful banker by exploring skills and talents at the highest level through applying themselves properly. He advised all officers to abide by the rules and regulations of Bangladesh Bank and other regulatory bodies since the bank is a very compliant bank.
Additional Managing Director M. A. Halim Chowdhury also delivered speech at the function. He advised them to render service to the customer with determination, integrity and professionalism. Published by HT Syndication with permission from The Financial Express. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com
DBBL ATM booths working
now: Spokesman
New Nation (
[What follows is the full text of the news story.]
"The service resumed from Friday night," DBBL public relations officer Shahjada Basunia told bdnews24.com on Saturday.
But long queues of the clients were seen in front of many booths on Saturday.
Miseries of the consumers of all DBBL branches and 14 other partner banks using the DBBL ATM booths started Thursday afternoon as its central server was struck down.
The banks, which transact through the ATM services of Dutch-Bangla Bank include National Credit and Commerce Bank, Southeast Bank, City Bank, Pubali Bank, National Bank, Commerce Bank, Agrani Bank, BASIC Bank and Premier Bank.
Founded in 1995, the bank serves around 1.5 million consumers through 101 branches, a network of 1,608 ATM booths and 84 Fast-Track service booths.
On Thursday, an officer of the bank's Mirpur branch in the city, seeking anonymity, told bdnews24.com that the transaction system was facing trouble since morning that day.
"Finally, it collapsed around 1pm."
"After that, no cash could be withdrawn, but the clients were allowed to deposit money manually," he said. 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
Financials
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest &
Fees on Loans |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Interest Income,
Bank |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Interest on
Deposit |
54.5 |
41.0 |
27.7 |
23.3 |
21.7 |
|
Interest on Other
Borrowings |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Total Interest
Expense |
54.6 |
41.1 |
27.7 |
23.3 |
21.8 |
|
Net Interest
Income |
62.2 |
58.1 |
50.7 |
34.3 |
24.9 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
2.5 |
4.4 |
3.5 |
2.2 |
5.1 |
|
Net Interest
Income after Loan Loss Provision |
59.7 |
53.6 |
47.2 |
32.1 |
19.7 |
|
|
|
|
|
|
|
|
Fees &
Commissions from Operations |
17.2 |
17.3 |
15.0 |
13.3 |
13.1 |
|
Investment
Securities Gains |
16.1 |
6.6 |
5.9 |
6.4 |
6.7 |
|
Foreign Currency
Gains |
- |
0.0 |
- |
- |
- |
|
Other Revenue |
4.5 |
8.2 |
4.5 |
2.6 |
2.7 |
|
Non-Interest
Income, Bank |
37.8 |
32.2 |
25.4 |
22.3 |
22.5 |
|
Labor &
Related Expenses |
-2.7 |
-24.4 |
-19.2 |
-18.6 |
-15.8 |
|
Depreciation
Expense |
1.7 |
-1.8 |
-1.2 |
-1.1 |
-0.9 |
|
Other Expense |
-43.3 |
-13.7 |
-12.9 |
-10.5 |
-9.2 |
|
Non-Interest
Expense, Bank |
-44.3 |
-40.0 |
-33.3 |
-30.2 |
-25.9 |
|
Income Before
Tax |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Income After Tax |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Net Income
Before Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Common Excl Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Common Incl Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Basic EPS Excl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Basic/Primary EPS Incl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Diluted Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Diluted EPS Excl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted EPS Incl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
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 |
|
Depreciation, Supplemental |
1.3 |
1.1 |
0.8 |
0.7 |
0.6 |
|
Normalized
Income Before Tax |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Normalized
Income After Tax |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Rental Expenses |
1.4 |
1.1 |
1.0 |
5.1 |
4.7 |
|
Advertising Expense, Supplemental |
1.0 |
0.7 |
0.4 |
0.2 |
0.3 |
|
Bank Total
Revenue |
154.5 |
131.4 |
103.8 |
79.9 |
69.1 |
|
Current Tax -
Domestic |
22.8 |
23.7 |
18.5 |
- |
- |
|
Current Tax - Total |
22.8 |
23.7 |
18.5 |
- |
- |
|
Deferred Tax -
Domestic |
0.0 |
0.1 |
1.1 |
- |
- |
|
Deferred Tax - Total |
0.0 |
0.1 |
1.1 |
- |
- |
|
Income Tax - Total |
22.8 |
23.7 |
19.6 |
- |
- |
|
Defined Contribution Expense - Domestic |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
|
Total Pension Expense |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.26 |
68.91 |
69.555 |
69.085 |
66.225 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Due from Banks |
153.6 |
142.8 |
114.2 |
85.0 |
117.6 |
|
Other Short Term
Investments |
194.0 |
137.5 |
80.2 |
76.0 |
103.1 |
|
Other Earning
Assets, Total |
194.0 |
137.5 |
80.2 |
76.0 |
103.1 |
|
Total Gross Loans |
1,093.9 |
916.7 |
743.1 |
599.8 |
511.2 |
|
Loan Loss
Allowances |
-22.5 |
-20.0 |
-16.4 |
-15.2 |
-18.3 |
|
Net Loans |
1,071.4 |
896.7 |
726.8 |
584.6 |
492.9 |
|
Buildings |
6.2 |
6.1 |
6.1 |
6.1 |
3.0 |
|
Land/Improvements |
12.2 |
12.2 |
12.1 |
12.2 |
3.9 |
|
Machinery/Equipment |
10.8 |
9.1 |
7.7 |
7.1 |
6.5 |
|
Property/Plant/Equipment
- Gross |
29.2 |
27.4 |
25.9 |
25.4 |
13.5 |
|
Accumulated
Depreciation |
-8.4 |
-7.3 |
-6.3 |
-5.5 |
-5.2 |
|
Property/Plant/Equipment
- Net |
20.8 |
20.1 |
19.7 |
19.8 |
8.3 |
|
Interest
Receivable |
8.5 |
10.5 |
22.2 |
20.4 |
21.9 |
|
Other Assets |
104.9 |
96.8 |
65.8 |
59.6 |
52.6 |
|
Other Assets,
Total |
113.4 |
107.3 |
88.0 |
80.0 |
74.5 |
|
Total Assets |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Interest Bearing
Deposits |
1,010.5 |
826.0 |
621.8 |
546.3 |
520.3 |
|
Other Deposits |
229.4 |
205.3 |
184.6 |
141.1 |
134.4 |
|
Total Deposits |
1,239.8 |
1,031.3 |
806.4 |
687.4 |
654.7 |
|
Other Short Term
Borrowings |
6.2 |
5.7 |
17.1 |
1.7 |
4.8 |
|
Total Short Term
Borrowings |
43.6 |
34.0 |
44.5 |
18.9 |
22.2 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Taxes
Payable |
74.1 |
77.0 |
53.0 |
34.9 |
24.5 |
|
Other Current
liabilities, Total |
74.1 |
77.1 |
53.0 |
35.0 |
24.5 |
|
Total Long Term
Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
43.6 |
34.0 |
44.5 |
18.9 |
22.2 |
|
|
|
|
|
|
|
|
Pension Benefits -
Underfunded |
0.0 |
0.0 |
0.0 |
0.7 |
0.1 |
|
Other Liabilities |
58.3 |
52.5 |
39.6 |
37.8 |
51.3 |
|
Other
Liabilities, Total |
58.4 |
52.5 |
39.6 |
38.6 |
51.4 |
|
Total
Liabilities |
1,416.0 |
1,194.9 |
943.5 |
779.8 |
752.7 |
|
|
|
|
|
|
|
|
Common Stock |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Common Stock |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Retained Earnings (Accumulated Deficit) |
65.3 |
48.1 |
37.9 |
31.6 |
32.3 |
|
Unrealized Gain (Loss) |
16.4 |
18.4 |
16.8 |
16.1 |
4.8 |
|
Other Equity |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Other Equity,
Total |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Total Equity |
137.3 |
109.5 |
85.3 |
65.5 |
43.5 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders’ Equity |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Shares Outstanding
- Common Stock Primary Issue |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Total Common
Shares Outstanding |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Employees |
5,375 |
5,321 |
5,270 |
5,141 |
5,088 |
|
Number of Common Shareholders |
30,899 |
24,153 |
19,009 |
11,697 |
7,591 |
|
Total Risk-Weighted Capital |
0.1 |
0.8 |
0.7 |
0.5 |
0.4 |
|
Tier 1 Capital % |
11.29% |
10.87% |
9.72% |
9.10% |
9.33% |
|
Total Capital % |
13.63% |
13.53% |
12.17% |
11.75% |
11.06% |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash Receipts |
10.5 |
9.4 |
8.8 |
8.0 |
9.0 |
|
Cash Payments |
-27.7 |
-26.3 |
-21.0 |
-20.2 |
-17.9 |
|
Cash Taxes Paid |
2.3 |
-22.3 |
-11.0 |
-7.0 |
-1.8 |
|
Other Assets |
-243.8 |
-201.2 |
-153.6 |
-106.2 |
-92.3 |
|
Other Liabilities |
202.6 |
215.5 |
147.6 |
44.5 |
73.3 |
|
Other Operating
Cash Flow |
74.1 |
68.2 |
55.0 |
38.5 |
30.2 |
|
Changes in
Working Capital |
32.9 |
82.6 |
49.0 |
-23.3 |
11.2 |
|
Cash from
Operating Activities |
18.0 |
43.3 |
25.7 |
-42.4 |
0.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed
Assets |
- |
- |
- |
-0.3 |
0.0 |
|
Capital
Expenditures |
- |
- |
- |
-0.3 |
0.0 |
|
|
- |
- |
- |
0.0 |
0.0 |
|
Sale/Maturity of
Investment |
- |
- |
- |
0.0 |
0.0 |
|
Purchase of
Investments |
- |
- |
- |
0.0 |
-0.1 |
|
Other Investing
Cash Flow |
-2.1 |
-1.3 |
0.0 |
0.0 |
0.0 |
|
Other Investing
Cash Flow Items, Total |
-2.1 |
-1.3 |
0.0 |
0.0 |
-0.1 |
|
Cash from
Investing Activities |
-2.1 |
-1.3 |
0.0 |
-0.3 |
-0.1 |
|
|
|
|
|
|
|
|
Long Term Debt,
Net |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Issuance
(Retirement) of Debt, Net |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Cash from
Financing Activities |
-1.9 |
1.4 |
0.7 |
- |
- |
|
|
|
|
|
|
|
|
Net Change in
Cash |
14.0 |
43.5 |
26.5 |
-42.8 |
0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
158.9 |
116.4 |
89.4 |
132.3 |
141.4 |
|
Net Cash - Ending Balance |
172.8 |
159.9 |
115.9 |
89.6 |
141.7 |
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest Income |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Total Revenue |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
|
|
|
|
|
|
|
Interest Paid on
Deposts, Borrowings |
54.5 |
41.0 |
27.7 |
23.3 |
21.7 |
|
Interest on
Borrowings |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Provis for Loans
& Advances-Classified |
0.7 |
0.7 |
0.8 |
- |
- |
|
Provis for Loans
& Advances-Unclassified |
0.7 |
3.5 |
1.5 |
2.2 |
5.1 |
|
Pro. for
Diminution in Value of Invest |
1.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
- |
- |
1.2 |
0.0 |
0.0 |
|
Total Operating
Expense |
57.0 |
45.6 |
31.2 |
25.5 |
26.9 |
|
|
|
|
|
|
|
|
Invesmtnet Income |
16.1 |
6.6 |
5.9 |
6.4 |
6.7 |
|
Commission,
Exchange & Brokerage |
17.2 |
17.3 |
15.0 |
13.3 |
13.1 |
|
Foreign Currency
Charge |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating
Income |
4.5 |
8.2 |
4.5 |
2.6 |
2.7 |
|
Salary &
Allowances |
-2.6 |
-24.3 |
-19.1 |
-18.5 |
-15.7 |
|
Rent. Taxes,
Insurance, Electricity |
-2.7 |
-2.1 |
-1.9 |
-1.6 |
-1.6 |
|
Legal Expenses |
-0.2 |
-0.1 |
-0.2 |
-0.3 |
-0.7 |
|
Postage, Stamp
Telecommunication |
-0.8 |
-0.7 |
-0.8 |
-0.7 |
-0.8 |
|
Stationery,
Printings, Advertisements |
-1.2 |
-1.1 |
-0.8 |
-0.6 |
-0.6 |
|
Managing
Director's Salary & Fees |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Directors' Fees |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Charge on Loan
Losses |
-0.2 |
-0.1 |
-0.2 |
-2.0 |
-1.2 |
|
Auditors' Fee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation &
Repair of Banks Assets |
1.7 |
-1.8 |
-1.2 |
-1.1 |
-0.9 |
|
Other Expenes |
-504.5 |
-9.6 |
-8.0 |
-5.2 |
-4.3 |
|
Adjustment |
466.1 |
- |
-0.9 |
- |
- |
|
Total
Non-Interest Revenue |
37.8 |
32.2 |
25.4 |
22.3 |
22.5 |
|
|
|
|
|
|
|
|
Total
Non-Interest Expense |
-44.3 |
-40.0 |
-33.3 |
-30.2 |
-25.9 |
|
|
|
|
|
|
|
|
Net Income
Before Taxes |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Net Income After
Taxes |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Net Income
Before Extra. Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl ExtraOrd |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Basic EPS Including ExtraOrdinary Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Diluted Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted EPS Including ExtraOrd Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
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 |
|
Normalized
Income Before Taxes |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Normalized
Income After Taxes |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Rental Expense, -House Rent & ATM |
0.0 |
0.0 |
0.0 |
4.3 |
3.9 |
|
Rental Expense,Banks Premises |
1.3 |
1.1 |
1.0 |
0.9 |
0.9 |
|
Rental Expense, Godown |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expense, Officer's Residence |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.5 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
1.3 |
1.1 |
0.8 |
0.7 |
0.6 |
|
PromotionalExpense, Supplemental |
0.5 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Current Tax |
22.8 |
23.7 |
18.5 |
- |
- |
|
Current Tax - Total |
22.8 |
23.7 |
18.5 |
- |
- |
|
Deferred Tax |
0.0 |
0.1 |
1.1 |
- |
- |
|
Deferred Tax - Total |
0.0 |
0.1 |
1.1 |
- |
- |
|
Income Tax - Total |
22.8 |
23.7 |
19.6 |
- |
- |
|
Defined Contribution Expense-PF |
0.9 |
0.9 |
0.8 |
0.7 |
0.6 |
|
Defined Contribution Expense-GPF |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Defined Contribution Expense-MD |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gratuity |
6.8 |
5.2 |
4.1 |
2.2 |
1.6 |
|
Total Pension Expense |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.26 |
68.91 |
69.555 |
69.085 |
66.225 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash in Hand |
28.1 |
29.4 |
30.0 |
16.8 |
18.3 |
|
Balance with
Bangladesh Bank |
101.2 |
84.4 |
68.4 |
50.6 |
51.3 |
|
Balance with Other
Bank-Bangladesh |
19.0 |
26.6 |
11.2 |
14.3 |
45.1 |
|
Bal with Other
Bank-Outside |
5.3 |
2.4 |
4.6 |
3.3 |
2.9 |
|
Money at Call
Short Notice |
18.3 |
16.0 |
0.3 |
3.9 |
19.5 |
|
Investments-Government |
134.9 |
113.3 |
78.0 |
70.8 |
82.3 |
|
Investments-Others |
40.8 |
8.3 |
1.9 |
1.3 |
1.4 |
|
Loans, Cash
Credits, Overdrafts |
1,085.5 |
909.4 |
736.5 |
594.3 |
504.5 |
|
Bills Purchased
& Discounted |
8.4 |
7.2 |
6.7 |
5.5 |
6.7 |
|
Provison for Loan
Loss |
-22.5 |
-20.0 |
-16.4 |
-15.2 |
-18.3 |
|
Land |
12.2 |
12.2 |
12.1 |
12.2 |
3.9 |
|
Building |
6.2 |
6.1 |
6.1 |
6.1 |
3.0 |
|
Furniture &
Fixtures |
1.4 |
1.1 |
0.9 |
2.1 |
2.0 |
|
Machinery &
Equipment |
2.9 |
5.2 |
4.5 |
4.1 |
3.6 |
|
Computure &
Computer Accessories |
3.4 |
0.0 |
- |
- |
- |
|
Furniture &
Fixtures |
3.1 |
2.7 |
2.3 |
0.9 |
0.9 |
|
Accumulated
Depreciation |
-8.4 |
-7.3 |
-6.3 |
-5.5 |
-5.2 |
|
Interest Accrued
on Investment |
6.4 |
8.3 |
19.7 |
18.0 |
18.8 |
|
Accrued Income on
Loans |
0.5 |
0.6 |
0.5 |
0.3 |
0.4 |
|
Accrued Interest
Overdue Under CLS |
1.6 |
1.6 |
2.0 |
2.2 |
2.7 |
|
Other Assets |
104.9 |
96.8 |
65.8 |
59.6 |
52.6 |
|
Non-Banking
Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Borrworings from
Other Banks |
6.2 |
5.7 |
17.1 |
1.7 |
4.8 |
|
Unclaimed Dividend |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Deposits
& Other Accounts |
185.2 |
168.0 |
152.7 |
111.6 |
110.1 |
|
Bills
Payable |
37.5 |
28.3 |
27.4 |
17.2 |
17.3 |
|
Savings Bank
Deposits |
442.7 |
377.7 |
349.2 |
322.6 |
295.1 |
|
Fixed Deosits |
567.7 |
448.3 |
272.5 |
223.7 |
225.2 |
|
Other Deposits |
44.2 |
37.3 |
31.9 |
29.5 |
24.4 |
|
Unpaid Dividend |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gratuity Fund |
- |
- |
- |
0.7 |
0.1 |
|
Pension Fund |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for
Taxation |
74.1 |
77.0 |
53.0 |
34.9 |
24.5 |
|
Other Liabilities |
58.3 |
52.5 |
39.6 |
37.8 |
51.3 |
|
Total
Liabilities |
1,416.0 |
1,194.9 |
943.5 |
779.8 |
752.7 |
|
|
|
|
|
|
|
|
Paid Up Capital |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Statutory Reserve |
45.5 |
35.1 |
25.7 |
18.1 |
18.9 |
|
Assets Revaluation
Reserve |
16.4 |
18.4 |
16.8 |
16.1 |
4.8 |
|
Share Forfeiture
Account |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exchange
Eqalisation Fund |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Retained
Surplus(General Reserve) |
19.8 |
13.0 |
0.1 |
13.5 |
1.3 |
|
Proposed Issue of
Bonus Shares |
0.0 |
0.0 |
12.1 |
0.0 |
12.1 |
|
Total Equity |
137.3 |
109.5 |
85.3 |
65.5 |
43.5 |
|
|
|
|
|
|
|
|
Total Liabilities
& Shareholders' Equity |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Total Common
Shares Outstanding |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Tier 1 Capital % |
11.29% |
10.87% |
9.72% |
9.10% |
9.33% |
|
Total Capital % |
13.63% |
13.53% |
12.17% |
11.75% |
11.06% |
|
Total Risk-Weighted Capital |
56.1 |
834.5 |
700.2 |
537.9 |
410.5 |
|
Full-Time Employees |
5,375 |
5,321 |
5,270 |
5,141 |
5,088 |
|
Number of Common Shareholders |
30,899 |
24,153 |
19,009 |
11,697 |
7,591 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash Receipts |
10.5 |
9.4 |
8.8 |
8.0 |
9.0 |
|
Cash Payments |
-27.7 |
-26.3 |
-21.0 |
-20.2 |
-17.9 |
|
Interest Receipts
in Cash |
130.6 |
105.5 |
83.2 |
63.8 |
53.1 |
|
Interest Payments |
-54.6 |
-41.1 |
-27.7 |
-23.3 |
-21.8 |
|
Dividend Receipts |
2.2 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Fees &
Commission Reciepts in Cash |
11.2 |
11.9 |
9.2 |
7.0 |
5.7 |
|
Recoveries of
loans Previously W/Off |
0.0 |
4.3 |
1.6 |
0.9 |
1.1 |
|
Cash Taxes Paid |
2.3 |
-22.3 |
-11.0 |
-7.0 |
-1.8 |
|
Payments for Ohter
Operating Activities |
-15.3 |
-12.6 |
-11.4 |
-10.1 |
-8.1 |
|
Statutory Deposits |
-22.8 |
-35.4 |
-8.3 |
7.5 |
2.8 |
|
Purchase/Sale of
Trading Securiteis |
-32.1 |
-5.6 |
-0.1 |
0.5 |
0.6 |
|
Loans &
Advances to Custmers |
-179.9 |
-163.9 |
-147.6 |
-112.7 |
-79.4 |
|
Other Assets |
-9.0 |
3.8 |
2.3 |
-1.6 |
-16.3 |
|
Deposits from
Other Banks |
0.5 |
-11.6 |
15.5 |
-2.9 |
2.9 |
|
Deposits from
Customers |
223.8 |
219.0 |
135.3 |
60.7 |
72.5 |
|
Other Liabilities
on Account of Customer |
-21.6 |
8.0 |
-2.1 |
-3.4 |
-0.1 |
|
Other Liabilities |
-0.1 |
0.1 |
-1.1 |
-9.9 |
-2.0 |
|
Cash from
Operating Activities |
18.0 |
43.3 |
25.7 |
-42.4 |
0.5 |
|
|
|
|
|
|
|
|
Proceeds from |
- |
- |
- |
0.0 |
0.0 |
|
Payment for
Purchsase of Securities |
- |
- |
- |
0.0 |
-0.1 |
|
|
- |
- |
- |
0.0 |
0.0 |
|
Capital
Expenditure |
- |
- |
- |
-0.3 |
0.0 |
|
Purchase/Sale of
Subsidiary |
- |
- |
- |
0.0 |
0.0 |
|
Purchase/Sale of
Fixed Assets |
-2.1 |
-1.3 |
0.0 |
- |
- |
|
Cash from
Investing Activities |
-2.1 |
-1.3 |
0.0 |
-0.3 |
-0.1 |
|
|
|
|
|
|
|
|
Issuance of Loan
Capital & Debt Securiti |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Cash from
Financing Activities |
-1.9 |
1.4 |
0.7 |
- |
- |
|
|
|
|
|
|
|
|
Net Change in
Cash |
14.0 |
43.5 |
26.5 |
-42.8 |
0.3 |
|
|
|
|
|
|
|
|
Cash at the Beginning of the Year |
158.9 |
116.4 |
89.4 |
132.3 |
141.4 |
|
Cash at the End of the Year |
172.8 |
159.9 |
115.9 |
89.6 |
141.7 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Market Valuation USD (mil) |
||||
|
P/E (TTM) |
6.78 |
. |
|
350.3 |
|
Price/Sales (TTM) |
4.15 |
. |
Price/Book (MRQ) |
2.27 |
|
|
2.96 |
. |
Market Cap1 |
451.9 |
|
1-ExchangeRate: BDT to USD on 4-Aug-2011 |
74.665000 |
|
|
|
|
2-ExchangeRate: BDT to USD on 30-Jun-2010 |
69.505000 |
|
|
|
Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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|
|||||||||||||||||||||||
Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest &
Fees on Loans |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Interest Income,
Bank |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Interest on
Deposit |
54.5 |
41.0 |
27.7 |
23.3 |
21.7 |
|
Interest on Other
Borrowings |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Total Interest
Expense |
54.6 |
41.1 |
27.7 |
23.3 |
21.8 |
|
Net Interest
Income |
62.2 |
58.1 |
50.7 |
34.3 |
24.9 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
2.5 |
4.4 |
3.5 |
2.2 |
5.1 |
|
Net Interest
Income after Loan Loss Provision |
59.7 |
53.6 |
47.2 |
32.1 |
19.7 |
|
|
|
|
|
|
|
|
Fees &
Commissions from Operations |
17.2 |
17.3 |
15.0 |
13.3 |
13.1 |
|
Investment
Securities Gains |
16.1 |
6.6 |
5.9 |
6.4 |
6.7 |
|
Foreign Currency
Gains |
- |
0.0 |
- |
- |
- |
|
Other Revenue |
4.5 |
8.2 |
4.5 |
2.6 |
2.7 |
|
Non-Interest
Income, Bank |
37.8 |
32.2 |
25.4 |
22.3 |
22.5 |
|
Labor &
Related Expenses |
-2.7 |
-24.4 |
-19.2 |
-18.6 |
-15.8 |
|
Depreciation Expense |
1.7 |
-1.8 |
-1.2 |
-1.1 |
-0.9 |
|
Other Expense |
-43.3 |
-13.7 |
-12.9 |
-10.5 |
-9.2 |
|
Non-Interest
Expense, Bank |
-44.3 |
-40.0 |
-33.3 |
-30.2 |
-25.9 |
|
Income Before
Tax |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Total Income Tax |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Income After Tax |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Net Income
Before Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Common Excl Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Common Incl Extraord Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Basic EPS Excl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Basic/Primary EPS Incl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Diluted Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Diluted EPS Excl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted EPS Incl Extraord Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
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 |
|
Depreciation, Supplemental |
1.3 |
1.1 |
0.8 |
0.7 |
0.6 |
|
Normalized
Income Before Tax |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Normalized
Income After Tax |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Rental Expenses |
1.4 |
1.1 |
1.0 |
5.1 |
4.7 |
|
Advertising Expense, Supplemental |
1.0 |
0.7 |
0.4 |
0.2 |
0.3 |
|
Bank Total
Revenue |
154.5 |
131.4 |
103.8 |
79.9 |
69.1 |
|
Current Tax -
Domestic |
22.8 |
23.7 |
18.5 |
- |
- |
|
Current Tax - Total |
22.8 |
23.7 |
18.5 |
- |
- |
|
Deferred Tax -
Domestic |
0.0 |
0.1 |
1.1 |
- |
- |
|
Deferred Tax - Total |
0.0 |
0.1 |
1.1 |
- |
- |
|
Income Tax - Total |
22.8 |
23.7 |
19.6 |
- |
- |
|
Defined Contribution Expense - Domestic |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
|
Total Pension Expense |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
Interim
Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.278871 |
69.248352 |
69.101935 |
69.052391 |
69.023441 |
|
|
|
|
|
|
|
|
Interest &
Fees on Loans |
31.4 |
30.4 |
31.5 |
28.6 |
28.1 |
|
Interest Income,
Bank |
31.4 |
30.4 |
31.5 |
28.6 |
28.1 |
|
Interest on
Deposit |
13.1 |
13.5 |
13.0 |
13.7 |
14.0 |
|
Total Interest
Expense |
13.1 |
13.5 |
13.0 |
13.7 |
14.0 |
|
Net Interest
Income |
18.4 |
16.9 |
18.5 |
14.9 |
14.1 |
|
|
|
|
|
|
|
|
Loan Loss Provision |
2.7 |
0.4 |
1.4 |
0.8 |
0.1 |
|
Net Interest
Income after Loan Loss Provision |
15.7 |
16.5 |
17.1 |
14.1 |
14.0 |
|
|
|
|
|
|
|
|
Fees &
Commissions from Operations |
5.8 |
3.6 |
5.6 |
2.9 |
5.4 |
|
Investment
Securities Gains |
9.5 |
7.3 |
7.3 |
2.8 |
2.7 |
|
Other Revenue |
1.0 |
0.5 |
1.5 |
1.0 |
1.5 |
|
Non-Interest
Income, Bank |
16.3 |
11.4 |
14.3 |
6.7 |
9.6 |
|
Labor &
Related Expenses |
-5.2 |
-5.1 |
-9.9 |
-5.8 |
-5.0 |
|
Other Expense |
-5.6 |
-5.5 |
-5.1 |
-4.2 |
-4.9 |
|
Non-Interest
Expense, Bank |
-10.9 |
-10.6 |
-15.0 |
-10.0 |
-9.9 |
|
Income Before
Tax |
21.1 |
17.3 |
16.4 |
10.8 |
13.7 |
|
|
|
|
|
|
|
|
Total Income Tax |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
|
Income After Tax |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Net Income
Before Extraord Items |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
Net Income |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Income Available
to Common Excl Extraord Items |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Income Available
to Common Incl Extraord Items |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
496.9 |
382.0 |
267.6 |
382.0 |
496.9 |
|
Basic EPS Excl Extraord Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Basic/Primary EPS Incl Extraord Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted Net Income |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
Diluted Weighted Average Shares |
496.9 |
382.0 |
267.6 |
382.0 |
496.9 |
|
Diluted EPS Excl Extraord Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted EPS Incl Extraord Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
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 |
|
Normalized
Income Before Tax |
21.1 |
17.3 |
16.4 |
10.8 |
13.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
|
Normalized
Income After Tax |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted Normalized EPS |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Rental Expenses |
1.0 |
0.6 |
0.9 |
0.5 |
0.8 |
|
Bank Total
Revenue |
47.7 |
41.8 |
45.8 |
35.4 |
37.7 |
|
Current Tax -
Domestic |
6.2 |
7.5 |
6.7 |
4.9 |
5.6 |
|
Current Tax - Total |
6.2 |
7.5 |
6.7 |
4.9 |
5.6 |
|
Deferred Tax -
Domestic |
0.0 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
Income Tax - Total |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
Annual
Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.26 |
68.91 |
69.555 |
69.085 |
66.225 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Due from Banks |
153.6 |
142.8 |
114.2 |
85.0 |
117.6 |
|
Other Short Term
Investments |
194.0 |
137.5 |
80.2 |
76.0 |
103.1 |
|
Other Earning
Assets, Total |
194.0 |
137.5 |
80.2 |
76.0 |
103.1 |
|
Total Gross Loans |
1,093.9 |
916.7 |
743.1 |
599.8 |
511.2 |
|
Loan Loss
Allowances |
-22.5 |
-20.0 |
-16.4 |
-15.2 |
-18.3 |
|
Net Loans |
1,071.4 |
896.7 |
726.8 |
584.6 |
492.9 |
|
Buildings |
6.2 |
6.1 |
6.1 |
6.1 |
3.0 |
|
Land/Improvements |
12.2 |
12.2 |
12.1 |
12.2 |
3.9 |
|
Machinery/Equipment |
10.8 |
9.1 |
7.7 |
7.1 |
6.5 |
|
Property/Plant/Equipment
- Gross |
29.2 |
27.4 |
25.9 |
25.4 |
13.5 |
|
Accumulated
Depreciation |
-8.4 |
-7.3 |
-6.3 |
-5.5 |
-5.2 |
|
Property/Plant/Equipment
- Net |
20.8 |
20.1 |
19.7 |
19.8 |
8.3 |
|
Interest
Receivable |
8.5 |
10.5 |
22.2 |
20.4 |
21.9 |
|
Other Assets |
104.9 |
96.8 |
65.8 |
59.6 |
52.6 |
|
Other Assets,
Total |
113.4 |
107.3 |
88.0 |
80.0 |
74.5 |
|
Total Assets |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Interest Bearing
Deposits |
1,010.5 |
826.0 |
621.8 |
546.3 |
520.3 |
|
Other Deposits |
229.4 |
205.3 |
184.6 |
141.1 |
134.4 |
|
Total Deposits |
1,239.8 |
1,031.3 |
806.4 |
687.4 |
654.7 |
|
Other Short Term
Borrowings |
6.2 |
5.7 |
17.1 |
1.7 |
4.8 |
|
Total Short Term
Borrowings |
43.6 |
34.0 |
44.5 |
18.9 |
22.2 |
|
Dividends Payable |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Taxes
Payable |
74.1 |
77.0 |
53.0 |
34.9 |
24.5 |
|
Other Current
liabilities, Total |
74.1 |
77.1 |
53.0 |
35.0 |
24.5 |
|
Total Long Term
Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
43.6 |
34.0 |
44.5 |
18.9 |
22.2 |
|
|
|
|
|
|
|
|
Pension Benefits -
Underfunded |
0.0 |
0.0 |
0.0 |
0.7 |
0.1 |
|
Other Liabilities |
58.3 |
52.5 |
39.6 |
37.8 |
51.3 |
|
Other
Liabilities, Total |
58.4 |
52.5 |
39.6 |
38.6 |
51.4 |
|
Total
Liabilities |
1,416.0 |
1,194.9 |
943.5 |
779.8 |
752.7 |
|
|
|
|
|
|
|
|
Common Stock |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Common Stock |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Retained Earnings (Accumulated Deficit) |
65.3 |
48.1 |
37.9 |
31.6 |
32.3 |
|
Unrealized Gain (Loss) |
16.4 |
18.4 |
16.8 |
16.1 |
4.8 |
|
Other Equity |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Other Equity,
Total |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Total Equity |
137.3 |
109.5 |
85.3 |
65.5 |
43.5 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders’ Equity |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Shares Outstanding
- Common Stock Primary Issue |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Total Common
Shares Outstanding |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Employees |
5,375 |
5,321 |
5,270 |
5,141 |
5,088 |
|
Number of Common Shareholders |
30,899 |
24,153 |
19,009 |
11,697 |
7,591 |
|
Total Risk-Weighted Capital |
0.1 |
0.8 |
0.7 |
0.5 |
0.4 |
|
Tier 1 Capital % |
11.29% |
10.87% |
9.72% |
9.10% |
9.33% |
|
Total Capital % |
13.63% |
13.53% |
12.17% |
11.75% |
11.06% |
Interim
Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.505 |
69.24 |
69.26 |
69.065 |
|
|
|
|
|
|
|
Cash & Due from Banks |
169.1 |
181.9 |
153.6 |
171.0 |
|
Other Short Term
Investments |
204.5 |
212.9 |
194.0 |
191.3 |
|
Other Earning
Assets, Total |
204.5 |
212.9 |
194.0 |
191.3 |
|
Net Loans |
1,082.0 |
1,028.3 |
1,071.4 |
961.1 |
|
Property/Plant/Equipment
- Net |
21.9 |
21.4 |
20.8 |
21.2 |
|
Other Assets |
125.5 |
116.7 |
113.4 |
133.8 |
|
Other Assets,
Total |
125.5 |
116.7 |
113.4 |
133.8 |
|
Total Assets |
1,602.9 |
1,561.2 |
1,553.3 |
1,478.3 |
|
|
|
|
|
|
|
Interest Bearing
Deposits |
991.6 |
978.3 |
1,010.5 |
948.6 |
|
Other Deposits |
267.1 |
252.6 |
229.4 |
220.8 |
|
Total Deposits |
1,258.6 |
1,230.9 |
1,239.8 |
1,169.4 |
|
Other Short Term
Borrowings |
2.8 |
9.2 |
6.2 |
12.4 |
|
Total Short Term
Borrowings |
33.9 |
42.5 |
43.6 |
36.4 |
|
Total Long Term
Debt |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
33.9 |
42.5 |
43.6 |
36.4 |
|
|
|
|
|
|
|
Other Liabilities |
151.8 |
140.8 |
132.5 |
144.2 |
|
Other
Liabilities, Total |
151.8 |
140.8 |
132.5 |
144.2 |
|
Total
Liabilities |
1,444.3 |
1,414.2 |
1,416.0 |
1,350.0 |
|
|
|
|
|
|
|
Common Stock |
71.5 |
55.2 |
55.2 |
55.3 |
|
Common Stock |
71.5 |
55.2 |
55.2 |
55.3 |
|
Retained Earnings (Accumulated Deficit) |
87.1 |
91.8 |
82.1 |
73.0 |
|
Total Equity |
158.6 |
147.0 |
137.3 |
128.3 |
|
|
|
|
|
|
|
Total
Liabilities & Shareholders’ Equity |
1,602.9 |
1,561.2 |
1,553.3 |
1,478.3 |
|
|
|
|
|
|
|
Shares Outstanding
- Common Stock Primary Issue |
496.9 |
382.0 |
382.2 |
382.0 |
|
Total Common
Shares Outstanding |
496.9 |
382.0 |
382.2 |
382.0 |
Annual
Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash Receipts |
10.5 |
9.4 |
8.8 |
8.0 |
9.0 |
|
Cash Payments |
-27.7 |
-26.3 |
-21.0 |
-20.2 |
-17.9 |
|
Cash Taxes Paid |
2.3 |
-22.3 |
-11.0 |
-7.0 |
-1.8 |
|
Other Assets |
-243.8 |
-201.2 |
-153.6 |
-106.2 |
-92.3 |
|
Other Liabilities |
202.6 |
215.5 |
147.6 |
44.5 |
73.3 |
|
Other Operating
Cash Flow |
74.1 |
68.2 |
55.0 |
38.5 |
30.2 |
|
Changes in
Working Capital |
32.9 |
82.6 |
49.0 |
-23.3 |
11.2 |
|
Cash from
Operating Activities |
18.0 |
43.3 |
25.7 |
-42.4 |
0.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed
Assets |
- |
- |
- |
-0.3 |
0.0 |
|
Capital
Expenditures |
- |
- |
- |
-0.3 |
0.0 |
|
|
- |
- |
- |
0.0 |
0.0 |
|
Sale/Maturity of
Investment |
- |
- |
- |
0.0 |
0.0 |
|
Purchase of
Investments |
- |
- |
- |
0.0 |
-0.1 |
|
Other Investing
Cash Flow |
-2.1 |
-1.3 |
0.0 |
0.0 |
0.0 |
|
Other Investing
Cash Flow Items, Total |
-2.1 |
-1.3 |
0.0 |
0.0 |
-0.1 |
|
Cash from
Investing Activities |
-2.1 |
-1.3 |
0.0 |
-0.3 |
-0.1 |
|
|
|
|
|
|
|
|
Long Term Debt,
Net |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Issuance
(Retirement) of Debt, Net |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Cash from
Financing Activities |
-1.9 |
1.4 |
0.7 |
- |
- |
|
|
|
|
|
|
|
|
Net Change in
Cash |
14.0 |
43.5 |
26.5 |
-42.8 |
0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
158.9 |
116.4 |
89.4 |
132.3 |
141.4 |
|
Net Cash - Ending Balance |
172.8 |
159.9 |
115.9 |
89.6 |
141.7 |
Interim
Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.264044 |
69.248352 |
69.026932 |
69.001022 |
68.97541 |
|
|
|
|
|
|
|
|
Cash Receipts |
5.1 |
1.8 |
10.5 |
7.3 |
5.4 |
|
Cash Payments |
-11.4 |
-5.5 |
-27.7 |
-17.3 |
-11.0 |
|
Cash Taxes Paid |
-9.3 |
-2.4 |
2.3 |
-22.7 |
-12.3 |
|
Other Assets |
-42.7 |
27.7 |
-243.8 |
-215.1 |
-62.0 |
|
Other Liabilities |
16.6 |
-10.1 |
202.6 |
237.2 |
75.6 |
|
Other Operating
Cash Flow |
47.8 |
21.5 |
74.1 |
48.5 |
31.7 |
|
Changes in
Working Capital |
21.8 |
39.0 |
32.9 |
70.6 |
45.3 |
|
Cash from
Operating Activities |
6.2 |
32.9 |
18.0 |
37.9 |
27.4 |
|
|
|
|
|
|
|
|
Other Investing
Cash Flow |
-1.1 |
-0.5 |
-2.1 |
-1.2 |
-0.8 |
|
Other Investing
Cash Flow Items, Total |
-1.1 |
-0.5 |
-2.1 |
-1.2 |
-0.8 |
|
Cash from
Investing Activities |
-1.1 |
-0.5 |
-2.1 |
-1.2 |
-0.8 |
|
|
|
|
|
|
|
|
Long Term Debt,
Net |
-2.8 |
-0.1 |
-1.9 |
4.7 |
-1.2 |
|
Issuance
(Retirement) of Debt, Net |
-2.8 |
-0.1 |
-1.9 |
4.7 |
-1.2 |
|
Cash from
Financing Activities |
-2.8 |
-0.1 |
-1.9 |
4.7 |
-1.2 |
|
|
|
|
|
|
|
|
Net Change in
Cash |
2.3 |
32.2 |
14.0 |
41.5 |
25.4 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
172.2 |
172.3 |
158.9 |
158.9 |
159.0 |
|
Net Cash - Ending Balance |
174.5 |
204.5 |
172.8 |
200.4 |
184.4 |
Annual
Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Interest Income |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
Total Revenue |
116.7 |
99.2 |
78.4 |
57.7 |
46.6 |
|
|
|
|
|
|
|
|
Interest Paid on
Deposts, Borrowings |
54.5 |
41.0 |
27.7 |
23.3 |
21.7 |
|
Interest on
Borrowings |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Provis for Loans
& Advances-Classified |
0.7 |
0.7 |
0.8 |
- |
- |
|
Provis for Loans
& Advances-Unclassified |
0.7 |
3.5 |
1.5 |
2.2 |
5.1 |
|
Pro. for
Diminution in Value of Invest |
1.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
- |
- |
1.2 |
0.0 |
0.0 |
|
Total Operating
Expense |
57.0 |
45.6 |
31.2 |
25.5 |
26.9 |
|
|
|
|
|
|
|
|
Invesmtnet Income |
16.1 |
6.6 |
5.9 |
6.4 |
6.7 |
|
Commission,
Exchange & Brokerage |
17.2 |
17.3 |
15.0 |
13.3 |
13.1 |
|
Foreign Currency
Charge |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Operating
Income |
4.5 |
8.2 |
4.5 |
2.6 |
2.7 |
|
Salary &
Allowances |
-2.6 |
-24.3 |
-19.1 |
-18.5 |
-15.7 |
|
Rent. Taxes,
Insurance, Electricity |
-2.7 |
-2.1 |
-1.9 |
-1.6 |
-1.6 |
|
Legal Expenses |
-0.2 |
-0.1 |
-0.2 |
-0.3 |
-0.7 |
|
Postage, Stamp
Telecommunication |
-0.8 |
-0.7 |
-0.8 |
-0.7 |
-0.8 |
|
Stationery,
Printings, Advertisements |
-1.2 |
-1.1 |
-0.8 |
-0.6 |
-0.6 |
|
Managing
Director's Salary & Fees |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Directors' Fees |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
Charge on Loan
Losses |
-0.2 |
-0.1 |
-0.2 |
-2.0 |
-1.2 |
|
Auditors' Fee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation &
Repair of Banks Assets |
1.7 |
-1.8 |
-1.2 |
-1.1 |
-0.9 |
|
Other Expenes |
-504.5 |
-9.6 |
-8.0 |
-5.2 |
-4.3 |
|
Adjustment |
466.1 |
- |
-0.9 |
- |
- |
|
Total
Non-Interest Revenue |
37.8 |
32.2 |
25.4 |
22.3 |
22.5 |
|
|
|
|
|
|
|
|
Total
Non-Interest Expense |
-44.3 |
-40.0 |
-33.3 |
-30.2 |
-25.9 |
|
|
|
|
|
|
|
|
Net Income
Before Taxes |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Net Income After
Taxes |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Net Income
Before Extra. Items |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl ExtraOrd |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Basic EPS Including ExtraOrdinary Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Net Income |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
Diluted Weighted Average Shares |
382.2 |
382.2 |
294.0 |
120.0 |
40.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted EPS Including ExtraOrd Items |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
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 |
|
Normalized
Income Before Taxes |
53.2 |
45.8 |
39.2 |
24.1 |
16.2 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
22.8 |
23.7 |
19.6 |
11.8 |
7.3 |
|
Normalized
Income After Taxes |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
30.3 |
22.1 |
19.7 |
12.3 |
8.9 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Diluted Normalized EPS |
0.08 |
0.06 |
0.07 |
0.10 |
0.22 |
|
Rental Expense, -House Rent & ATM |
0.0 |
0.0 |
0.0 |
4.3 |
3.9 |
|
Rental Expense,Banks Premises |
1.3 |
1.1 |
1.0 |
0.9 |
0.9 |
|
Rental Expense, Godown |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expense, Officer's Residence |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.5 |
0.4 |
0.2 |
0.1 |
0.1 |
|
Depreciation, Supplemental |
1.3 |
1.1 |
0.8 |
0.7 |
0.6 |
|
PromotionalExpense, Supplemental |
0.5 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Current Tax |
22.8 |
23.7 |
18.5 |
- |
- |
|
Current Tax - Total |
22.8 |
23.7 |
18.5 |
- |
- |
|
Deferred Tax |
0.0 |
0.1 |
1.1 |
- |
- |
|
Deferred Tax - Total |
0.0 |
0.1 |
1.1 |
- |
- |
|
Income Tax - Total |
22.8 |
23.7 |
19.6 |
- |
- |
|
Defined Contribution Expense-PF |
0.9 |
0.9 |
0.8 |
0.7 |
0.6 |
|
Defined Contribution Expense-GPF |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Defined Contribution Expense-MD |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gratuity |
6.8 |
5.2 |
4.1 |
2.2 |
1.6 |
|
Total Pension Expense |
7.7 |
6.1 |
4.9 |
3.0 |
2.2 |
Interim
Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.278871 |
69.248352 |
69.101935 |
69.052391 |
69.023441 |
|
|
|
|
|
|
|
|
Interest Income |
31.4 |
30.4 |
31.5 |
28.6 |
28.1 |
|
Total Revenue |
31.4 |
30.4 |
31.5 |
28.6 |
28.1 |
|
|
|
|
|
|
|
|
Interest Paid on
Deposts, Borrowings |
13.1 |
13.5 |
13.0 |
13.7 |
14.0 |
|
Provis for Loans
& Advances-Classified |
1.4 |
- |
0.0 |
0.7 |
0.0 |
|
Pro. for
Diminution in Value of Invest |
0.9 |
- |
1.0 |
- |
0.0 |
|
Provis for Loans
& Advances-Unclassified |
0.3 |
0.4 |
0.4 |
0.1 |
0.1 |
|
Total Operating
Expense |
15.7 |
14.0 |
14.4 |
14.5 |
14.1 |
|
|
|
|
|
|
|
|
Invesmtnet Income |
9.5 |
7.3 |
7.3 |
2.8 |
2.7 |
|
Commission,
Exchange & Brokerage |
5.8 |
3.6 |
5.6 |
2.9 |
5.4 |
|
Other Operating
Income |
1.0 |
0.5 |
1.5 |
1.0 |
1.5 |
|
Salary &
Allowances |
-5.2 |
-5.1 |
-9.9 |
-5.8 |
-5.0 |
|
Rent. Taxes,
Insurance, Electricity |
-1.0 |
-0.6 |
-0.9 |
-0.5 |
-0.8 |
|
Legal Expenses |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Postage, Stamp
Telecommunication |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
-0.2 |
|
Stationery,
Printings, Advertisements |
-0.4 |
-0.3 |
-0.2 |
-0.3 |
-0.3 |
|
Managing
Director's Salary & Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors' Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Charge on Loan
Losses |
0.0 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Repair of Banks
Assets &Depreciation |
-0.5 |
-0.4 |
-0.7 |
-0.4 |
-0.3 |
|
Other Expenes |
-3.4 |
-4.0 |
-495.0 |
-2.7 |
-3.2 |
|
Adjustments |
- |
- |
492.0 |
- |
- |
|
Total
Non-Interest Revenue |
16.3 |
11.4 |
14.3 |
6.7 |
9.6 |
|
|
|
|
|
|
|
|
Total
Non-Interest Expense |
-10.9 |
-10.6 |
-15.0 |
-10.0 |
-9.9 |
|
|
|
|
|
|
|
|
Net Income
Before Taxes |
21.1 |
17.3 |
16.4 |
10.8 |
13.7 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
|
Net Income After
Taxes |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Net Income
Before Extra. Items |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
Net Income |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Income Available
to Com Excl ExtraOrd |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Income Available
to Com Incl ExtraOrd |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
496.9 |
382.0 |
267.6 |
382.0 |
496.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Basic EPS Including ExtraOrdinary Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted Net Income |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
Diluted Weighted Average Shares |
496.9 |
382.0 |
267.6 |
382.0 |
496.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted EPS Including ExtraOrd Items |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
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 |
|
Normalized
Income Before Taxes |
21.1 |
17.3 |
16.4 |
10.8 |
13.7 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
|
Normalized
Income After Taxes |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Normalized Inc.
Avail to Com. |
14.9 |
9.8 |
9.8 |
5.8 |
8.2 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Diluted Normalized EPS |
0.03 |
0.03 |
0.04 |
0.02 |
0.02 |
|
Rental Expense, Supplemental |
1.0 |
0.6 |
0.9 |
0.5 |
0.8 |
|
Current Tax |
6.2 |
7.5 |
6.7 |
4.9 |
5.6 |
|
Current Tax - Total |
6.2 |
7.5 |
6.7 |
4.9 |
5.6 |
|
Deferred Tax |
0.0 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
Income Tax - Total |
6.2 |
7.5 |
6.6 |
5.1 |
5.6 |
Annual
Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.26 |
68.91 |
69.555 |
69.085 |
66.225 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash in Hand |
28.1 |
29.4 |
30.0 |
16.8 |
18.3 |
|
Balance with
Bangladesh Bank |
101.2 |
84.4 |
68.4 |
50.6 |
51.3 |
|
Balance with Other
Bank-Bangladesh |
19.0 |
26.6 |
11.2 |
14.3 |
45.1 |
|
Bal with Other
Bank-Outside |
5.3 |
2.4 |
4.6 |
3.3 |
2.9 |
|
Money at Call
Short Notice |
18.3 |
16.0 |
0.3 |
3.9 |
19.5 |
|
Investments-Government |
134.9 |
113.3 |
78.0 |
70.8 |
82.3 |
|
Investments-Others |
40.8 |
8.3 |
1.9 |
1.3 |
1.4 |
|
Loans, Cash
Credits, Overdrafts |
1,085.5 |
909.4 |
736.5 |
594.3 |
504.5 |
|
Bills Purchased
& Discounted |
8.4 |
7.2 |
6.7 |
5.5 |
6.7 |
|
Provison for Loan
Loss |
-22.5 |
-20.0 |
-16.4 |
-15.2 |
-18.3 |
|
Land |
12.2 |
12.2 |
12.1 |
12.2 |
3.9 |
|
Building |
6.2 |
6.1 |
6.1 |
6.1 |
3.0 |
|
Furniture &
Fixtures |
1.4 |
1.1 |
0.9 |
2.1 |
2.0 |
|
Machinery &
Equipment |
2.9 |
5.2 |
4.5 |
4.1 |
3.6 |
|
Computure &
Computer Accessories |
3.4 |
0.0 |
- |
- |
- |
|
Furniture &
Fixtures |
3.1 |
2.7 |
2.3 |
0.9 |
0.9 |
|
Accumulated
Depreciation |
-8.4 |
-7.3 |
-6.3 |
-5.5 |
-5.2 |
|
Interest Accrued
on Investment |
6.4 |
8.3 |
19.7 |
18.0 |
18.8 |
|
Accrued Income on
Loans |
0.5 |
0.6 |
0.5 |
0.3 |
0.4 |
|
Accrued Interest
Overdue Under CLS |
1.6 |
1.6 |
2.0 |
2.2 |
2.7 |
|
Other Assets |
104.9 |
96.8 |
65.8 |
59.6 |
52.6 |
|
Non-Banking
Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
Borrworings from
Other Banks |
6.2 |
5.7 |
17.1 |
1.7 |
4.8 |
|
Unclaimed Dividend |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current Deposits
& Other Accounts |
185.2 |
168.0 |
152.7 |
111.6 |
110.1 |
|
Bills
Payable |
37.5 |
28.3 |
27.4 |
17.2 |
17.3 |
|
Savings Bank
Deposits |
442.7 |
377.7 |
349.2 |
322.6 |
295.1 |
|
Fixed Deosits |
567.7 |
448.3 |
272.5 |
223.7 |
225.2 |
|
Other Deposits |
44.2 |
37.3 |
31.9 |
29.5 |
24.4 |
|
Unpaid Dividend |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gratuity Fund |
- |
- |
- |
0.7 |
0.1 |
|
Pension Fund |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Provision for
Taxation |
74.1 |
77.0 |
53.0 |
34.9 |
24.5 |
|
Other Liabilities |
58.3 |
52.5 |
39.6 |
37.8 |
51.3 |
|
Total
Liabilities |
1,416.0 |
1,194.9 |
943.5 |
779.8 |
752.7 |
|
|
|
|
|
|
|
|
Paid Up Capital |
55.2 |
42.7 |
30.2 |
17.4 |
6.0 |
|
Statutory Reserve |
45.5 |
35.1 |
25.7 |
18.1 |
18.9 |
|
Assets Revaluation
Reserve |
16.4 |
18.4 |
16.8 |
16.1 |
4.8 |
|
Share Forfeiture
Account |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exchange
Eqalisation Fund |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Retained
Surplus(General Reserve) |
19.8 |
13.0 |
0.1 |
13.5 |
1.3 |
|
Proposed Issue of
Bonus Shares |
0.0 |
0.0 |
12.1 |
0.0 |
12.1 |
|
Total Equity |
137.3 |
109.5 |
85.3 |
65.5 |
43.5 |
|
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
1,553.3 |
1,304.4 |
1,028.8 |
845.4 |
796.3 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Total Common
Shares Outstanding |
382.2 |
294.0 |
210.0 |
120.0 |
40.0 |
|
Tier 1 Capital % |
11.29% |
10.87% |
9.72% |
9.10% |
9.33% |
|
Total Capital % |
13.63% |
13.53% |
12.17% |
11.75% |
11.06% |
|
Total Risk-Weighted Capital |
56.1 |
834.5 |
700.2 |
537.9 |
410.5 |
|
Full-Time Employees |
5,375 |
5,321 |
5,270 |
5,141 |
5,088 |
|
Number of Common Shareholders |
30,899 |
24,153 |
19,009 |
11,697 |
7,591 |
Interim
Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate |
69.505 |
69.24 |
69.26 |
69.065 |
|
|
|
|
|
|
|
Cash in Hand |
46.2 |
56.1 |
28.1 |
33.7 |
|
Balance with
Bangladesh Bank |
104.4 |
101.8 |
101.2 |
106.6 |
|
Balance with Other
Bank-Bangladesh |
12.7 |
14.5 |
19.0 |
21.6 |
|
Bal with Other
Bank-Outside |
5.9 |
9.5 |
5.3 |
9.1 |
|
Money at Call
Short Notice |
4.6 |
22.4 |
18.3 |
29.0 |
|
Investments-Government |
167.3 |
162.2 |
134.9 |
137.2 |
|
Investments-Others |
32.6 |
28.3 |
40.8 |
25.1 |
|
Loans,
Cash Credits, Overdrafts |
1,073.4 |
1,019.3 |
1,063.0 |
952.2 |
|
Bills
Purchased & Discounted |
8.5 |
9.0 |
8.4 |
8.9 |
|
Fixed
Assets |
21.9 |
21.4 |
20.8 |
21.2 |
|
Other Assets |
125.5 |
116.7 |
113.4 |
133.8 |
|
Non-Banking
Assets |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets |
1,602.9 |
1,561.2 |
1,553.3 |
1,478.3 |
|
|
|
|
|
|
|
Borrworings from
Other Banks |
2.8 |
9.2 |
6.2 |
12.4 |
|
Current Deposits
& Other Accounts |
215.7 |
208.8 |
185.2 |
179.9 |
|
Bills
Payable |
31.2 |
33.3 |
37.5 |
23.9 |
|
Savings Bank
Deposits |
448.1 |
433.5 |
442.7 |
413.0 |
|
Fixed Deosits |
543.4 |
544.9 |
567.7 |
535.6 |
|
Other Deposits |
51.4 |
43.8 |
44.2 |
40.9 |
|
Other Liabilities |
151.8 |
140.8 |
132.5 |
144.2 |
|
Total
Liabilities |
1,444.3 |
1,414.2 |
1,416.0 |
1,350.0 |
|
|
|
|
|
|
|
Paid Up Capital |
71.5 |
55.2 |
55.2 |
55.3 |
|
Statutory Reserve |
53.0 |
49.0 |
45.5 |
42.4 |
|
Retained
Surplus(General Reserve) |
0.5 |
19.8 |
19.8 |
0.2 |
|
Other Reserve |
16.7 |
16.7 |
16.8 |
17.3 |
|
Surplus as per
P& L Accounts |
16.9 |
6.3 |
0.0 |
13.1 |
|
Total Equity |
158.6 |
147.0 |
137.3 |
128.3 |
|
|
|
|
|
|
|
Total
Liabilities & Shareholders' Equity |
1,602.9 |
1,561.2 |
1,553.3 |
1,478.3 |
|
|
|
|
|
|
|
S/O-Common Stock |
496.9 |
382.0 |
382.2 |
382.0 |
|
Total Common
Shares Outstanding |
496.9 |
382.0 |
382.2 |
382.0 |
Annual
Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated |
Reclassified |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.026932 |
68.582616 |
68.868552 |
68.759046 |
64.218154 |
|
Auditor |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
Aziz Halim Khair
Choudhury |
S. F. Ahmed
& Co |
S. F. Ahmed
& Co |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash Receipts |
10.5 |
9.4 |
8.8 |
8.0 |
9.0 |
|
Cash Payments |
-27.7 |
-26.3 |
-21.0 |
-20.2 |
-17.9 |
|
Interest Receipts
in Cash |
130.6 |
105.5 |
83.2 |
63.8 |
53.1 |
|
Interest Payments |
-54.6 |
-41.1 |
-27.7 |
-23.3 |
-21.8 |
|
Dividend Receipts |
2.2 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Fees &
Commission Reciepts in Cash |
11.2 |
11.9 |
9.2 |
7.0 |
5.7 |
|
Recoveries of
loans Previously W/Off |
0.0 |
4.3 |
1.6 |
0.9 |
1.1 |
|
Cash Taxes Paid |
2.3 |
-22.3 |
-11.0 |
-7.0 |
-1.8 |
|
Payments for Ohter
Operating Activities |
-15.3 |
-12.6 |
-11.4 |
-10.1 |
-8.1 |
|
Statutory Deposits |
-22.8 |
-35.4 |
-8.3 |
7.5 |
2.8 |
|
Purchase/Sale of
Trading Securiteis |
-32.1 |
-5.6 |
-0.1 |
0.5 |
0.6 |
|
Loans &
Advances to Custmers |
-179.9 |
-163.9 |
-147.6 |
-112.7 |
-79.4 |
|
Other Assets |
-9.0 |
3.8 |
2.3 |
-1.6 |
-16.3 |
|
Deposits from
Other Banks |
0.5 |
-11.6 |
15.5 |
-2.9 |
2.9 |
|
Deposits from
Customers |
223.8 |
219.0 |
135.3 |
60.7 |
72.5 |
|
Other Liabilities
on Account of Customer |
-21.6 |
8.0 |
-2.1 |
-3.4 |
-0.1 |
|
Other Liabilities |
-0.1 |
0.1 |
-1.1 |
-9.9 |
-2.0 |
|
Cash from
Operating Activities |
18.0 |
43.3 |
25.7 |
-42.4 |
0.5 |
|
|
|
|
|
|
|
|
Proceeds from |
- |
- |
- |
0.0 |
0.0 |
|
Payment for
Purchsase of Securities |
- |
- |
- |
0.0 |
-0.1 |
|
|
- |
- |
- |
0.0 |
0.0 |
|
Capital
Expenditure |
- |
- |
- |
-0.3 |
0.0 |
|
Purchase/Sale of
Subsidiary |
- |
- |
- |
0.0 |
0.0 |
|
Purchase/Sale of
Fixed Assets |
-2.1 |
-1.3 |
0.0 |
- |
- |
|
Cash from
Investing Activities |
-2.1 |
-1.3 |
0.0 |
-0.3 |
-0.1 |
|
|
|
|
|
|
|
|
Issuance of Loan
Capital & Debt Securiti |
-1.9 |
1.4 |
0.7 |
- |
- |
|
Cash from
Financing Activities |
-1.9 |
1.4 |
0.7 |
- |
- |
|
|
|
|
|
|
|
|
Net Change in
Cash |
14.0 |
43.5 |
26.5 |
-42.8 |
0.3 |
|
|
|
|
|
|
|
|
Cash at the Beginning of the Year |
158.9 |
116.4 |
89.4 |
132.3 |
141.4 |
|
Cash at the End of the Year |
172.8 |
159.9 |
115.9 |
89.6 |
141.7 |
Interim
Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2010 |
31-Mar-2010 |
31-Dec-2009 |
30-Sep-2009 |
30-Jun-2009 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated |
Updated |
Updated |
Updated |
Updated |
|
Filed Currency |
BDT |
BDT |
BDT |
BDT |
BDT |
|
Exchange Rate
(Period Average) |
69.264044 |
69.248352 |
69.026932 |
69.001022 |
68.97541 |
|
|
|
|
|
|
|
|
Cash Receipts |
5.1 |
1.8 |
10.5 |
7.3 |
5.4 |
|
Cash Payments |
-11.4 |
-5.5 |
-27.7 |
-17.3 |
-11.0 |
|
Interest Receipts
in Cash |
77.7 |
37.6 |
130.6 |
93.0 |
61.5 |
|
Interest Payments |
-26.6 |
-13.5 |
-54.6 |
-41.6 |
-27.9 |
|
Dividend Receipts |
0.9 |
0.1 |
2.2 |
1.1 |
1.1 |
|
Fees & Commission
Reciepts in Cash |
5.8 |
2.3 |
11.2 |
7.3 |
5.3 |
|
Recoveries of
loans Previously W/Off |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cash Taxes Paid |
-9.3 |
-2.4 |
2.3 |
-22.7 |
-12.3 |
|
Payments for Ohter
Operating Activities |
-10.1 |
-5.0 |
-15.3 |
-11.3 |
-8.3 |
|
Statutory Deposits |
-33.0 |
-27.3 |
-22.8 |
-33.9 |
-26.3 |
|
Purchase/Sale of
Trading Securiteis |
8.1 |
12.5 |
-32.1 |
-19.6 |
0.3 |
|
Loans &
Advances to Custmers |
-14.4 |
43.4 |
-179.9 |
-163.9 |
-44.7 |
|
Other Assets |
-3.3 |
-0.9 |
-9.0 |
2.2 |
8.7 |
|
Deposits from
Other Banks |
-3.4 |
3.0 |
0.5 |
7.7 |
-3.7 |
|
Deposits from
Customers |
17.0 |
-13.5 |
223.8 |
219.2 |
85.1 |
|
Other Liabilities
on Account of Customer |
3.0 |
0.2 |
-21.6 |
10.1 |
1.3 |
|
Other Liabilities |
-0.1 |
0.0 |
-0.1 |
0.2 |
-7.0 |
|
Cash from
Operating Activities |
6.2 |
32.9 |
18.0 |
37.9 |
27.4 |
|
|
|
|
|
|
|
|
Purchase/Sale of
Fixed Assets |
-1.1 |
-0.5 |
-2.1 |
-1.2 |
-0.8 |
|
Cash from
Investing Activities |
-1.1 |
-0.5 |
-2.1 |
-1.2 |
-0.8 |
|
|
|
|
|
|
|
|
Issuance of Loan
Capital & Debt Securiti |
-2.8 |
-0.1 |
-1.9 |
4.7 |
-1.2 |
|
Cash from
Financing Activities |
-2.8 |
-0.1 |
-1.9 |
4.7 |
-1.2 |
|
|
|
|
|
|
|
|
Net Change in
Cash |
2.3 |
32.2 |
14.0 |
41.5 |
25.4 |
|
|
|
|
|
|
|
|
Cash at the Beginning of the Year |
172.2 |
172.3 |
158.9 |
158.9 |
159.0 |
|
Cash at the End of the Year |
174.5 |
204.5 |
172.8 |
200.4 |
184.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
|
1 |
Rs.82.87 |
|
Euro |
1 |
Rs.69.13 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.