Banking
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
 
 
   
   
Banker to the Poor   Banker to the Poor Banker to the Poor GF USA
AUSTRALIA
GB