Hoda Vasi Chowdhury & Co. AUDITORS' REPORT SF Ahmed & Co. TO THE SHAREHOLDERS ...

108 Pages·2017·12.43 MB·English

Hoda Vasi Chowdhury & Co. S. F. Ahmed & Co.
Chartered Accountants Chartered Accountants
BTMC Shaban House No. 51 (2°d& 3rd floor)
7-9 Karwan Bazar Road No. 9, Block-F, Banani
Dhaka-1215 Dhaka-1213
AUDITORS' REPORT
TO THE SHAREHOLDERS OF PUBALI BANK LIMITED
Report on the Financial Statements
We have audited the accompanying consolidated financial statements of Pubali Bank Limited and its
subsidiary (the "Group") as well as the separate financial statements of Pubali Bank Limited (the "Bank"),
which comprise the consolidated and separate balance sheets as at 31 December 2016, and the consolidated
and separate profit and loss accounts, consolidated and separate statements of changes in equity and
consolidated and separate cash flow statements for the year then ended, and a summary of significant
accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements and Internal Controls
Management is responsible for the preparation of consolidated financial statements of the Group and also
separate financial statements of the Bank that give a true and fair view in accordance with Bangladesh
Financial Reporting Standards as explained in note 2 and for such internal control as management
determines is necessary to enable the preparation of consolidated financial statements of the Group and also
separate financial statements of the Bank that are free from material misstatement, whether due to fraud or
error. The Bank Company Act, 1991 and the Bangladesh Bank regulations require the Management to ensure
effective internal audit, internal control and risk management functions of the Bank. The Management is also
required to make a self-assessment on the effectiveness of anti-fraud internal controls and report to
Bangladesh Bank on instances of fraud and forgeries.
Auditor's Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group and the
separate financial statements of the Bank based on our audit. We conducted our audit in accordance with
Bangladesh Standards on Auditing. These standards require that we comply with ethical requirements and
plan and perform the audit to obtain reasonable assurance about whether the consolidated financial
statements of the Group and separate financial statements of the Bank are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
consolidated financial statements of the Group and separate financial statements of the Bank. The procedures
selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of
the consolidated financial statements of the Group and separate financial statements of the Bank, whether
due to fraud or error. In making these risk assessments, the auditor considers internal control relevant to the
entity's preparation of consolidated financial statements of the Group and separate financial statements of the
Bank that give a true and fair view in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall presentation
of the consolidated financial statements of the Group and also separate financial statements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and also separate financial statements of
the Bank give a true and fair view of the consolidated financial position of the Group and the separate
financial position of the Bank as at 31 December 2016, and of its consolidated and separate financial
performance and its consolidated and separate cash flows for the year then ended in accordance with
Bangladesh Financial Reporting Standards as explained in note 2.
1
Report on Other Legal and Regulatory Requirements
In accordance with the Companies Act 1994, Securities and Exchange Rules 1987, the Bank Company Act,
1991 and the rules and regulations issued by Bangladesh Bank, we also report the following:
(a) we have obtained all the information and explanation which to the best of our knowledge and belief
were necessary for the purpose of our audit and made due verification thereof;
(b) to the extent noted during the course of our audit work performed on the basis stated under the
Auditor's Responsibility section in forming the above opinion on the consolidated financial statements
of the Group and the separate financial statements of the Bank and considering the reports of the
Management to Bangladesh Bank on anti-fraud internal controls and instances of fraud and forgeries
as stated under the Management's Responsibility for the Financial Statements and Internal Controls:
i) internal audit, internal control and risk management arrangements of the Group and the
Bank, as disclosed in note# 2.14 of the financial statements, appeared to be materially
adequate;
ii) nothing has come to our attention regarding material instances of forgery or irregularity or
administrative error and exception or anything detrimental committed by employees of the
Bank and its related entities other than matters disclosed in note# 2.15 of these financial
statements;
(c) financial statements of a subsidiary, Pubali Bank Securities Limited, of the Bank have been audited by
ACNABIN, Chartered Accountants and have been properly reflected in the consolidated financial
statements;
(d) in our opinion, proper books of accounts as required by law have been kept by the Group and the
Bank so far as it appeared from our examination of those books;
(e) the consolidated balance sheet and consolidated profit and loss account of the Group and the
separate balance sheet and separate profit and loss account of the Bank dealt with by the report are
in agreement with the books of account;
(f) the expenditure incurred was for the purposes of the Bank's business;
(g) the consolidated financial statements of the Group and the separate financial statements of the Bank
have been drawn up in conformity with prevailing rules, regulations and accounting standards as well
as with related guidance issued by Bangladesh Bank;
(h) adequate provisions have been made for advances which are, in our opinion, doubtful of recovery;
(i) the records and statements submitted by the branches have been properly maintained and
consolidated in the financial statements;
Ci) the information and explanation required by us have been received and found satisfactory; and
(k) we have reviewed over 80% of the risk weighted assets of the Bank and we have spent around 7,860
person hours for the audit of the books and accounts of the Bank.
\io~~ v;,,~ \J
~
Hoda Vasi Chowdhury & Co. S. F. Ahmed & Co.
Chartered Accountants Chartered Accountants
Dhaka, 12 March 2017
2
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Consolidated Balance Sheet
As at 31 December 2016
2016 201S
Note
Taka Taka
PROPERTY AND ASSETS
Cash 3 (a) 21, 114,47 4,S98 21,376,981,1S3
Cash in hand (Including foreign currencies) 3,612,831,120 2,834,884,562
Balance with Bangladesh Bank and its agent Bank(s)
17,501,643,478 18,542,096,591
(Including foreign currencies)
Balance with Other Banks and Financial Institutions 4 (a) 9 033 361643 2 222 692 9S9
In Bangladesh 7,802,936,535 1,536,876,025
Outside Bangladesh 1230425 108 685 816 934
Money at Call on Short Notice 5 SS1,286,667 93S,286,667
Investments 6 (a) SS 103 821 823 61 07S 817 97S
Government 36,564,053,849 47,153,505,257
Others 18 539 767 974 13 922 312 718
Loans, Advances and Leases 7 (a) 203 610 060 471 171 692 142 940
Loans, cash credits, overdrafts, etc. 195,338,887,390 168,335,701,353
Bills purchased & discounted 8 271173 081 3 356 441 587
Fixed Assets Including Premises, Furniture & Fixtures 8 (a) 3,790,630,209 3,920,741,861
Other Assets 9 (a) 27,S03,4S3,793 24,211,876,743
Non-Banking Assets 10 37S,246 375,246
Total Assets
320,707, 464,4SO 285i43S,915,544
LIABILITIES AND CAPITAL
Liabilities
Borrowings from other Banks, financial institutions &
11 6,30S,989,70S 2,S43,SS4,248
agents
Deposits and Other Accounts 12 (a) 246 906, , 170., 427 224,, 249 499 124
" " 'I
Current accounts & other accounts 28,815,286,575 25,546,461,730
Bills payable
12,240,637,725 4,512,456,257
Savings bank deposits 62,201,794,370 51,969,483,909
Term deposits 138,347,967,344 137,567,155,752
other deposits 5,300 484 413 4 653 941 476
Other Liabilities
13 (a) 42,978,274,619 34,454,192,288
Total Liabilities
296,190,434,7S1 261,247,245,660
Capital /Shareholders' Equity
Paid up capital 14.2 8,803,738,120 8,803,738,120
Statutory reserve 15 9,300,249,482 9,300,249,482
Retained earnings (general reserve) 16 (a) 3,382,630,056 3,044,934,155
Other reserves 17 (a) 3,030,411,362 3,039,747,469
Profit and Loss account surplus 18 (a)
24,517,029,020 24,188,669,226
Non-controlling interest 19 679 6S8
Total Shareholders' Equity
24,S17,029,699 24,188,669,884
Total Liabilities and Shareholders' Equity
320,707,464,~435,915,544
. ~M~O
3 u_~~.~
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Consolidated Balance Sheet
As at 31 December 2016
2016 2015
Note
Taka Taka
OFF-BALANCE SHEET ITEMS
Contingent Liabilities
Acceptances & endorsements
Letters of guarantee 20 9,039,954,197 7 ,648, 739 ,240
Irrevocable letters of credit 58,770, 791,207 44,054,462,906
Bills for collection 4,125,546,631 1,614,641,134
Other contingent liabilities 1,072,217,186 1.184 343 398
Total 73,008,509,221 54,502, 186,678
Other Commitments
Documentary credits and short term trade-related transactions
Forward assets purchased and forward deposits placed
Undrawn note issuance and revolving underwriting facilities
Undrawn formal standby facilities, credit lines and other commitments
Total
Total Off-Balance Sheet Items Including Contingent
73,008,509,221 54,502,186,678
Liabilities
These financial statements should be read in conjunction with the annexed notes.
0rL~L ~ \~ -
HQ~
Md. Abdul 1-f~li·~·Ch~hury Fahim Ahmed Faruk Chowdhunr--~n·inm
Managing Director Director Chairman
Signed as per annexed report on even date
\--\o~°' v~\) ~\ I
Hoda Vasi Chowdhury & Co
Chartered Accountants
Dated, Dhaka
March 12, 2017
4
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Consolidated Profit & Loss Account
for the year ended 31 December 2016
2016 2015
Note
Taka Taka
Operating Income
Interest income 21 (a) 17,625,672,255 18,527,671,946
Interest paid on deposits, borrowings, etc. 22 10 458 632 825 11,706 798,614
Net Interest Income 7,167,039,430 6.820,873,332
Investment income 23 (a) 4,506,579,587 4,512,250,388
Commission, exchange and brokerage 24 (a) 1,447,405,594 1,580,947,990
Other operating income 25 (a) 1,054,096,752 1,206,564,224
Total Operating Income 14,175,121,363 14,120,635,934
Operating Expenses
Salaries and allowances 26 (a) 4,249,573,508 4,078,677,279
Rent, taxes, insurance, electricity, etc. 27 (a) 654,434,348 575,849,695
Legal expenses 28 (a) 16,836,223 16,261,988
Postage, stamp, telecommunication, etc. 29 (a) 76,657,374 72,953,080
Stationery, printing, advertisements, etc. 30 (a) 119,406,187 128,186,175
Managing Director's salary and fees 31 10,500,000 10,137,500
Directors' fees 32 (a) 8,614,616 6,206,413
Auditors' fees 33 (a) 1,463,750 1,973,570
Charges on loan losses - 2,422,749
Depreciation and repair of bank's assets 34 (a) 561,604,295 442,498,337
Other expenses 35 (a) 1,740,096,001 1,294,483,540
Total Operating Expenses 7,439,186,302 6,629,650,326
Profit/(Loss) before Provision 6,735,935,061 7,490,985,608
Provision for Loans, Advances, Investments and Other Assets 36 (a)
Provision for classified loans and advances 1,731,583,535 877,422,975
Provision for unclassified loans and advances 840,208,991 342,577,025
Provision for diminution in value of investments 59,349,859 5,000,000
Provision for impairment clients' margin loan 18,463,446 29,024,895
Provision for bad debt offsetting 646 000 652,452
2,650,251,831 1,254,677, 347
Provision for exposure of off-balance sheet items 37 184,000,000 70,000,000
Total Provision 2,834, 251,831 1,324,677,347
Total Profit/(Loss) before Taxes 3,901,683,230 6,166,308,261
Provision for current tax 13.5 (a) 2,960,433,315 3,301,063,810
Provision for deferred tax 13.5.1 (a) 452,774 581 72 280 691
Total Provision for Taxes 2,507,658,734 3,228,783,119
Net Profit after Taxation 1,394,024,496 2,937,525,142
Profit Attributable to:
Equity holders of parents
i~ ,_1_~!__.I
1,394, 024, 4 I 2_,_93_7_,5_2_5
Non-controlling interest ._I_ _
Appropriations : 1,394,024,4-96 I 2 937,525 142
Statutory reserve
900,000,000
Retained surplus (general reserve) carried forward 1,394,0 24, 496 .____2_!,,_03_7_._5_2_5, .1__42 __,
Earnings Per Share (EPS) Basic 44 (a) 1.58 3.34
Diluted 1.58 3.34
/M' L-~. . , These ffZt~m~a: in conjunction with the annexed notes.
~-
Md.~1i;;, Zh~;d~ry Fa~ At~d
Faruk Chowdhury niruddin Ahmed
Managing Director Director Director Chairman
\-\ad__C\. "'-J~ ~\')Signed
as per annexed report on even date
~
Hoda Vasi Chowdhury & Co S.F. AHMED & CO.
Chartered Accountants hartered Accountants
Dated, Dhaka
March 12, 2017
5
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Consolidated Cash Flow Statement
for the year ended 31 December 2016
2016 2015
Note Taka Taka
a Cash Flows from Operating Activities
Interest receipts in cash 21,437,774,583 22,538,309,726
Interest payments (10,246,411, 738) (11,699,706,089)
Dividend receipts 457,481,437 442,021,965
Fees and commission receipts 971,001,544 955,584,440
Recoveries of loans previously written off 226,914,450
Cash payment to employees ( 4,260,073,508) ( 4,088,814, 779)
Cash payment to suppliers (212,952,010) (218,409,977)
Current income tax paid (2,759,337,697) (2,011,827,165)
Receipts from other operating activities 38 (a) 1,555,275,537 1,657,511,442
Cash payments for other operating activities 39 (a) (2,612,440,598) (1,960 530 552)
Operating Profit before Changes in Operating Assets & Liabilities 4,330,317,550 5,841,053,461
Increase/(Decrease) in Operating Assets and Liabilities
Statutory deposits 10,581,044,308 (7,976,431,681)
Purchase/sale of trading securities (4,617,455,256) (975,391,282)
Loans and advances to customers (other than banks) (29,789,826,935) (23,099,789,212)
Other assets 40 (a) (322,565,053) (1,882,266,291)
Deposits to/from other banks 3,762,435,457 (833,221,738)
Deposits from customers (other than banks) 22,469,913,155 31,718,347,131
Other liabilities account of customers 289,500,087 (374,787,818)
Other liabilities 41 (a) 554,906,783 106 413 097
Total Increase/(Decrease) in Operating Assets and Liabilities 2,927,952,546 (3,317,127,794)
Net Cash from/(Used in) Operating Activities 7,258,270,096 2,523,925,667
b Cash Flows from Investing Activities
Proceeds from sale of securities
(223,608,53~) II (255,894,18~)1
Purchase/ sale of property, plant & equipment
Net Cash from/(Used in) Investing Activities (223,608,534) (255,894,181)
c Cash Flows from Financing Activities
Payment for redemption of loan capital and debt security (9,216,107)
Receipts from issue of loan capital and debt security 822,876
Issue of Share capital
Dividend paid (1 056 448 574) (880 373,812)
Net Cash from/(Used in) Financing activities (1,065,664,681) (879,550,936)
d Net Increase/ (Decrease) in Cash and Cash Equivalents (a+b+c) 5,968,996,881 1,388,480,550
e Cash and cash equivalents at beginning period 25,115,910,784 23L727L430L234
f Cash and cash Equivalents at end of period (d+e) 42 (a) 31,084,907L665 25L115L910,784
These financial statements should be read in conjunction with the annexed notes.
~~n
Md. FaGr'-.::onlruddloAh ed Habibur Rahman
Managing Director G1rector .,.\~irector Chairman
Signed as per annexed report on even date
Dated, Dhaka
March 12, 2017
6
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Consolidated Statement of Changes in Equity
for the year ended 31 December 2016
(Fiqures in Taka)
Retained Non-
Paid-up Statutory Other
Particulars earnings (general Parent's equity controlling Total
capital reserve reserves
reserve) interest
For the yi;:ar 2Qlfi
Balance as at 1 January 2016 8,803,738,120 9,300,249,482 3,044,934,155 3,039,747,469 24,188,669,226 658 24,188,669,884
Changes in accounting policy - - - - - - -
Restated balance 8,803,738,120 9,300,249,482 3,044,934,155 3,039,747,469 24,188,669,226 658 24,188,669,884
Surplus/deficit on account of revaluation of properties - - - - - - -
Adjustment of last year gain on investment - - - (34,681,227) (34,681,227) - (34,681,227)
Surplus/deficit on account of revaluation of investments - - - 25,465,120 25,465,120 - 25,465,120
Currency translation differences - - - - - - -
Net gains and losses not recognised in the Profit and Loss Statement - - - - - - -
Transfer regarding revaluation reserve on sale of properties - - 120,000 {120,000) - - -
Non-controlling capital - - - - - - -
Net profit for the year - - 1,394,024,475 - 1,394,024,475 21 1,394,024,496
- - - - - - -
Transfer to statutory reserve
- - - - - - -
Issue of bonus shares -2015
- - - -
Proposed dividend (bonus issue) - - -
Dividends (cash) for 2015 - - (1 056 448 574) - (1 056 448 574) - (1 056 448,574)
Balance as at 31 December 2016 8.803.738 120 9,300,249 482 3,382,630,056 3 030 411362 24 517,029,020 679 24 517,029,699
I I
Balance as at 31 December 2015 8,803,738,120 9,300,249,482 3,044,934,155 3,039,747,469 24,188,669,226 658 24,188,669,884
~
~
~
Hab1bur Rahman
Managing Director Chairman
Signed as per annexed report on even date
Dated, Dhaka
March 12, 2017
7
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Balance Sheet
as at 31 December 2016
2016 2015
Note
Taka Taka
PROPERTY AND ASSETS
Cash 3 21,114,474,598 21,376,981,153
Cash in hand (Including foreign currencies) 3,612,831,120 2,834 ,884, 562
Balance with Bangladesh Bank and its agent Bank(s)
(Including foreign currencies) 17,501,643,478 18,542,096,591
Balance with Other Banks and Financial Institutions 4 9 033 361643 2,222,692 959
In Bangladesh 7,802,936,535 1,536,876,025
Outside Bangladesh 1,230 425 108 685,816,934
Money at Call on Short Notice 5 551,286,667 935,286,667
Investments 6 48 865 749 421 57 881 682 992
Government 36,564,053,849 47,153,505,257
Others 12 301 695 572 10 728 177 735
Loans, Advances and Leases 7 203,011,231,761 173 125,419,314
Loans, cash credits, overdrafts, etc. 194,740,058,680 169,768,977,727
Bills purchased and discounted 8 271173 081 3 356 441587
Fixed Assets Including Premises, Furniture & Fixtures 8 3,788,444,279 3,917, 767,831
Other Assets 9 33,996,968,178 26,002,046,119
Non-Banking Assets 10 375,246 375,246
Total Assets 320,361,891,793 285,462,252,281
LIABILITIES AND CAPITAL
Liabilities
Borrowings from Other Banks, Financial Institutions &
11 6,305,989,705 2,543,554,248
Agents
Deposits and Other Accounts 12 247,278,503,683 224,808,590,528
Current accounts & other accounts 29,016,869,218 26,080,165,638
Bills payable 12,240,637,725 4,512,456,257
Savings bank deposits 62,201,794,370 51,969,483,909
Term deposits 138,518,717,957 137,592,543,248
Other deposits 5,300,484,413 4,653,941,476
Other Liabilities 13 41,632,995,086 33,234,9 94,053
Total Liabilities 295,217,488,474 260,587,138,829
Capital / Shareholders' Equity
Paid up capital 14.2 8,803,738,120 8,803,738,120
Statutory reserve 15 9,300,249,482 9,300,249,482
Retained earnings (general reserve) 16 4,094,175,061 3,815,549,087
Other reserves 17 2,946,240,656 2,955,576,763
Profit and Loss account surplus 18
Total Shareholders' Equity 25,144,403,319 24,875, 113,452
Total Liabilities and Shareholders' Equity 320,361,891,793 285,462,252,281
8
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Balance Sheet
as at 31 December 2016
2016 2015
Note
Taka Taka
OFF-BALANCE SHEET ITEMS
Contingent Liabilities
Acceptances & Endorsements
Letters of guarantee 20 9,039,954,197 7,648,739,240
Irrevocable letters of credit 58,770,791,207 44,054,462,906
Bills for collection 4,125,546,631 1,614,641, 134
Other Contingent Liabilities 1,072,217,186 1,184,343,398
Total Contingent Liabilities 73,008,509,221 54,502,186,678
Other Commitments
Documentary credits and short term trade-related transactions
Forward assets purchased and forward deposits placed
Undrawn note issuance and revolving underwriting facilities
Undrawn formal standby facilities, credit lines and other
commitments
Total
Total Off-Balance Sheet Items Including Contingent Liabilities 73,008,509,221 54,502,186,678
These financial statements should be read in conjunction with the annexed notes.
r
\ I ~~"-"-J\~ Ha~~
C'f=-"4l._CJ
~im ~d laruk
Md. Abduf Halim Chc:Qcihury Chowdhury iruddin Ahme
Managing Director Director · irector ' Chairman
Signed as per annexed report on even date
Hoda Vasi Chowdhury & Co S.F. AHMED & CO.
Chartered Accountants Chartered Accountants
Dated, Dhaka
March 12, 2017
9
Hoda Vasi Chowdhury & CO S. F. AHMED & CO
Chartered Accountants Chartered Accountants
Pubali Bank Limited
Profit & Loss Account
for the year ended 31 December 2016
2016 2015
Note
Taka Taka
Operating Income
Interest income 21 17,602,872,116 18,481,641,889
Interest paid on deposits, borrowings, etc. 22 10 458,632 825 11 706,798 614
Net Interest Income 7,144,239,291 6, 774,843,275
Investment income 23 4,354,878,450 4,409,756,059
Commission, exchange and brokerage 24 1,401,477,386 1,541,286,014
Other operating income 25 1,048,449 896 1,204,902,503
Total Operating Income 13£949,045£023 13,930,787£851
Operating Expenses
Salaries and allowances 26 4,222,309,846 4,055,004,524
Rent, taxes, insurance, electricity, etc. 27 653,826,579 575,321,597
Legal expenses 28 16,117,123 16,045,488
Postage, stamp, telecommunication, etc. 29 76,348,995 72,591,856
Stationery, printing, advertisements, etc. 30 119,165,892 127,942,813
Managing Director's salary and fees 31 10,500,000 10,137,500
Directors' fees 32 7,779,716 5,908,413
Auditors' fees 33 1,320,000 1,829,820
Charges on loan losses 2,422,749
Depreciation and repair of bank's assets 34 559,940,973 441,086,604
Other expenses 35 1 725 263 406 1,288 386 507
Total Operating Expenses 7,392£572,530 6£596,677,871
Profit/(Loss) before Provision 6£556,472£493 7£334£109£980
Provision for Loans, Advances, Investments and Other
36
Assets
Provision for classified loans and advances 1,731,583,535 877,422,975
Provision for unclassified loans and advances 840,208,991 342,577,025
Provision for diminution in value of investments - 5,000,000
Provision for bad debt offsetting 646,000 652 452
2,572,438,526 1,225,652,452
Provision for exposure of off-balance sheet items 37 184,000,000 70,000,000
Total Provision 2,756,438,526 1£295£652,452
Total Profit/(Loss) before Taxes 3,800,033,967 6 038 457 528
Provision for current tax 13.5.2 2,919,350,551 3,210,437,445
Provision for deferred tax 13.5.2 454 271132 67 266 970
Total Provision for Taxes 2,465£079,419 3£143£170£475
Net Profit after Taxes 1,334,954,548 2,895,287,053
Appropriations - I
Statutory reserve 900,000,000
Retained surplus (general reserve) carried forward 1,334, 954 ,548 ,___~1,_99_5_,_2_8~7_ 05_3~
Earnings Per Share (EPS) Basic 44 1.52 3.29
Diluted 1.52 3.29
Dated, Dhaka
March 12, 2017
10