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  • GRAMEEN BANK
    Profit and Loss Account
    For the year ended 31 December 2008
      Notes   2008
    Taka
      2007
    Taka
     
    OPERATING INCOME          
    INTEREST INCOME 16   7,831,802,905   6,790,936,211
    LESS: INTEREST/PROFIT PAID ON DEPOSITS & BORROWINGS ETC. 17   (5,456,923,644)   (4,506,165,656)
      Net Interest Income     2,374,879,261   2,284,770,555
      Income from Investments in fixed deposits     3,242,507,268   2,904,090,130
      Income from Investments in Grameen Mutual Fund-One     1,721,542   66,330,090
      Other income 18   923,182,445   878,176,622
      Total operating income     6,542,290,516   6,133,367,397
               
    LESS: OPERATING EXPENSES          
      Salaries and other related expenses 19   2,954,806,568   2,472,022,999
      Rent, rates, taxes, vehicle insurance, utilities etc. 20   93,270,782   83,419,842
      Legal and professional expenses 21   119,985,004   96,117,235
      Auditors' fees 22   1,110,444   1,216,380
      Stationery, printing, advertisement etc. 23   118,396,308   111,236,170
      Managing Director's salary & allowances 24   535,680   531,080
      Directors’ remuneration     178,000   148,000
      Repairs & maintenance of fixed assets 25   50,414,227   36,491,171
      Depreciation of fixed assets (Annex-A)     66,549,640   64,396,885
      Other expenses 26   968,125,906   824,048,427
      Total Operating Expenses     4,373,372,559   3,689,628,189
      Profit before provision     2,168,917,957   2,443,739,208
      Provisions for loans and advances 27        
      Specific Provision     780,426,028   2,349,698,239
      General Provision     83,818,521   (12,873,161)
            864,244,549   2,336,825,078
    NET PROFIT     1,304,673,408   106,914,130
               
    APPROPRIATIONS          
               
    NET PROFIT TRASFERRED TO     1,304,673,408   106,914,130
               
      Retained earnings brought forward from previous year 14   358,000,000   94,100,000
      Dividend Equalization fund         30,000,000
      Proposed cash dividend @ 20% for the year 2007     107,400,000   63,600,000
      General reserve     716,000,000   10,000,000
      Employees Welfare fund     14,273,408   3,314,130
            1,195,673,408   106,914,130
      Retained surplus     109,000,000   94,100,000
               
    The annexed notes 1 to 30 form an integral part of these financial statements.
                 
                 
    (M. Shahjahan)
    General Manager
      Director   Director   (Dr. Muhammad Yunus)
    Managing Director
                 
     
    Image Image
       
    Dhaka, 24 June, 2008
     
     
   
   
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