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Contents Name of the Company : Southeast Bank Limited
01 Chairman : Alamgir Kabir, FCA
Vice Chairman : Ragib Ali
Corporate Philosophy and Performance
Managing Director : Mahbubul Alam
Core Values 01 Company Secretary : Muhammad Shahjahan
Core Strengths 01 Legal Status : Public Limited Company
Core Competencies 01 Date of Incorporation : March 12, 1995
Registered Office : Eunoos Trade Centre 52-53, Dilkusha C/A
Corporate Profile 02
(Level 2, 3 & 16), Dhaka-1000
Financial Calendar in 2009 02 Line of Business : Banking
Key Events in 2009 02 Authorized Capital : Tk.10,000.00 million
Vision 03 Paid Up Capital : 3,422.64 million
Year of Initial Public Offer : 1999
Missions 03
Stock Exchange Listing : April 10, 2000 (DSE) & April 24, 2000 (CSE)
Commitments to clients 03 Phone : 9571115, 7160866, 7173793, 9555466 & 9550081
Ethical Principles 04 Fax : 99550086, 9550093 & 9563102
Banks 10 Years at a Glance 05 SWIFT : SEBDBDDHXXX
E-mail :
Website :
Board of Directors 06
Management Team 07 >V>
Chairmans Report covering performance, 09 $IVIDENDDECLARATIONFOR  -ARCH 
risks, programs, social responsibility etc. 0UBLICATIONOF&INANCIAL3TATEMENTS   !PRIL 
Message of Managing Director 23 2ECORD$ATEFORTH!'-  -ARCH 
Boards Report to Shareholders covering 25 TH!NNUAL'ENERAL-EETINGHELD  !PRIL 
policies, human resource, shareholder #ASH$IVIDEND0AID  -AY 
information, prospects, contribution 3TOCK$IVIDEND#REDITED  -AY 
to National Exchequer etc.
Report on Corporate Governance 69 MAILEDTO3HAREHOLDERS  *ULY 
Report on Risk Management 76
Report on Corporate Social Responsibility 80
Report of the Audit Committee 83 i i
Report of the Shariah Supervisory Board 85 >>  "USINESS0OLICYAND-ANAGERSg#ONFERENCEHELDAND!NNUAL
Valued Added Statement 86 "UDGETDISCUSSED
Economic Value Added Statement 87
Market Value Added Statement 88   TH!NNUAL'ENERAL-EETINGHELD
Auditors Report to Shareholders 89
Financial Statements 90 COMPANYh4RANS &AST2EMITTANCE,,# 53!v
Notice for Appointment of External Auditors 141 !CCOUNTANTSOF"ANGLADESH)#!" FOR"EST0UBLISHED!CCOUNTSAND2EPORTS







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Chairmans Report
07. Our Information Technology
Information systems provide an organization with support for business processes, operations,
decision-making and competitive advantage. Technology is no longer an after-thought in business
strategy, but the actual cause and driver. With the advent of technology, distances have disappeared
and because of communications, information has been revolutionized.

We view information systems strategically, i.e. as vital competitive networks, a necessary means of
organizational progression and a necessary investment to enable us to re-invent or re-engineer
ourselves to succeed in to-days e-business environments. Our information systems support and shape
our competitive position, enhance competitive advantage and reduce competitive disadvantage. We
hope that the ease to use our Bank Ultimus System will encourage our customers to do most of their
banking with us under the system. They will prefer us because our customer communication is
highly personalized.

08. Lessons from Global Economic Recessions

Downturns are part of the economy. They came in the past and were weathered. They have come
now and may visit again. We cannot run away from our problems, but we can sail away from them.
In the world where uncertainty reigns, we can benefit from the pursuit of a sound strategy. Sitting
idle and stopping business initiative will take us nowhere. Preparedness of a company against
recession is very important. After the recession, the expansion may start. It is time for us to make sure
we grow and succeed. It is time for us to position our business not only to prevail in the next
recession but also to weather all adversities. In view of the present urgency, we have taken steps to
enhance both our core capital and supplementary capital. Rights Issue of Shares at 1:2 ratio and
floating Subordinate Debt (Bond) for Tk.2,000.00 million are the programs initiated to that
direction. We are innovating new windows of business which will soon see the light of the day. After
the recession, we must see that our products are not obsolete rather they are modern and
customer-friendly. To that end in view, stringent evaluation of our performance is being done. Action
plans for better performance are being chalked out and fine-tuned. Good times are being treated as
opportunity for preparation for the bad. Our products and services are being upgraded not only to
overtake our competitors but also to stay ahead. The over zealous sub-prime mortgage lending in an
environment of poor supervisory control brought catastrophe in the West. Obviously, we are resolute
not to land on an unknown territory of fancy products.

09. Customer Service

Customers are the focal point of our entire activities. We are deeply committed to excellent,
innovative, flawless and speedy solutions to all customer segments. We provide a wide range of
financial services to private individuals, small and medium enterprises, entrepreneurs and corporate
bodies. We always look for better ways to serve our customers. In customer service, we try to figure
out what the solution is and earning profit is a logical sequence.

We have expertise in wide range of areas covering retail banking, trade finance and corporate
banking. Advancement of information technology is re-shaping the banking services. Our customers
are now better educated and they want products and services with the help of latest and tested
technology which we provide and strive every day for improvement. We have grounds to believe that
continuity of our earning good profit, growth and market share of business depend mainly on our
quality of service. To be equal to the expectations of our customers, we try hard to achieve core
competencies in all service deliveries, set service standard and strive to excel it. We address complaints
and suggestions of customers and treat our customers fairly. They are our partners for mutual
growth. We will allocate more resources in the coming days to further improve customer convenience
and strengthen our competitiveness.

10. Human Resource

Our employees are the essential factor for success. We attach due importance to our management
team, to the sharing of expertise, openness and transfer of ideas from one to another. We are
annual report 2009

committed to a performance culture in the Bank.








Chairmans Report
financial statements in the press provide enough information about the Bank. Information that could
have a substantial impact on the share price of the company are quickly disclosed to the regulatory
agencies and in the print media for the information of the investors, shareholders and the general

13. Our Share and Shareholders

The daily volume of trading of Southeast Bank Shares in the Dhaka Stock Exchange and the
Chittagong Stock Exchange averaged Tk. 39.52 million and Tk. 7.21 million respectively during the
year 2009. We had 22,152 Shareholders as on 31st December 2009. The shares of the Bank are held
by a cross section of people and institutions. The above statistics demonstrate investors trust and
confidence in Southeast Bank Limited.

14. Our Corporate Culture

Southeast Bank is a bank of little over 14 (fourteen) years. Because of continuity of disciplined and
orderly management of the Bank over the years, its Corporate Culture has developed as an ethos. It
united over people, eliminated differences remarkably, strengthened harmony and enthused them to
work as a team to achieve corporate goals in an environment of mutual support and co-operation.
Our Corporate Culture centers on our core values of integrity, mutual respect, harmony, deep
commitment to serve, insight and spirit. There is one Corporate Culture in the Bank as against
sub-culture and counter culture.

15. Our Knowledge Management

In the present day competitive world, an organization needs to utilize its resources fully and
efficiently to stay ahead of competitors. Employees are the best asset in an organization. They make
the real difference. We are working for upgradation of our knowledge management scheme. The
upgradation of our website is complete. It will enable our employees to have an access to the Banks
documented base of facts, information and products. Access to better information will enhance the
quality of decision making. Our knowledge management which is based on information technology
facilitates operating the Bank in an efficient way. Managing and using data, information and
knowledge within the organization for competitive edge over others are what our knowledge
management does.

16. Award and Recognition

To Southeast Bank, the quality of its corporate governance practices has become as important as the
financial performance. Its policy is to achieve and sustain a reputation for quality in everything it
does. With that end in view, the Bank endeavored to publish its all Annual Reports and Financial
Statements with full disclosures and complying the adopted Accounting Standard. In recognition,
alike previous years, the Institute of Chartered Accounts of Bangladesh (ICAB) conferred upon the
Bank the honour of Certificate of Merit for the best published accounts and reports consecutively for
the years 2006, 2007 and 2008. Our Bank has also won award for the best IT user in 2009 from
Bangladesh Association of Software and Information Services (BASIS).

17. Our Preparedness for Basel II Implementation.

Southeast Bank is well positioned to effectively adopt the Risk Based Capital Adequacy from January
01, 2010 in line with capital adequacy framework devised by the Basel Committee on Banking
Supervision popularly known as Basel-II under the guidelines of Bangladesh Bank. The new capital
framework is structured on 3 (three) pillars which are (1) Minimum Capital Requirement (2)
Supervisory Review Process and (3) Market Discipline. The 3 (three) main features of BaselII are (i)
calculation of risk weighted assets on a more detailed grasp on credit risk, (ii) additional capital
requirement for market risk and operational risk and (iii) self regulation and regulatory supervision
combined with market risk. Bangladesh Bank has enjoined that there will be parallel run of reporting
annual report 2009

under both BaselI and BaselII during the year 2009 in order that BaselII recommendation can be
effectively adopted from 2010. Southeast Bank has started reporting to Bangladesh Bank accordingly
as per requirement and formats of Basel-I and Basel-II.

Chairmans Report
The Bank has earned reputation as compliant Bank and is pledge-bound to fulfill all the regulatory
requirements of Bangladesh Bank including full compliance of Base II to be implemented from
2010. The paid up capital of the Bank, a core capital component, has been deliberately increased to
3.42 billion by way of issuance of bonus shares @20% in 2009. The Board of Directors of the Bank
in its 340th meeting held on August 11, 2009 approved issuance of Rights Share @ 1:2 i.e. 1 (one)
Right Share for every 2 (two) shares held by a shareholder with a premium of Tk.60/- only per new
share. In the same meeting, the Board also approved issuance of Perpetual Bond for Tk.2.00 billion
to increase Banks TierII Capital. The proposed Rights Issue of Shares is awaiting approval of the
Securities and Exchange Commission. After successful completion of Rights Share Issue, Banks paid
up capital will increase. The soundness of our Bank management has further improved with the
imposition of self-regulation for qualitative improvement along with significant improvement in the
regulatory supervision process. The mandatory credit rating of the Bank is being done every year.
The Bank is taking steps and advising the existing corporate/large borrowers to obtain their
respective credit rating from approved external credit rating agencies towards accurately measuring
credit risks. This is the most important risk factor and the Bank requires maximum capital allocation
under Basel II for the purpose. As per prudential guidelines, more sophisticated credit management
practices are being followed. Additional capital requirement for both market risk and operational risk
is being addressed in right earnest. We believe in full disclosure of information relating to our
assessment of capital adequacy and the prompt and accurate disclosure of useful information related
to the risk management systems and related matters to gain the proper evaluation and confidence of
the market.

18. The Year Ahead

The Financial market crisis dominated 2009. Market players were surprised by the length of the crisis
but even more surprised by its unexpected magnitude. During Caretaker Government, businessmen
felt unsecured and fled the country leaving their business without radar and their account
transactions were either suspended or inadequate. The impact of hiccup persists. The financial
market environment appears challenging for banking business. Bangladesh Bank vide their BRPD
Circular No 20 dated December 29, 2009 enjoined for implementation of Basel-II from 2010. It will
require parallel growth of capital with the growth of credit.

Southeast Bank shapes its tomorrow today. We are fully prepared for the challenges and
opportunities that lie ahead. The Bank has already earned a good operating profit. We have a good
market reputation. Demands for our financial products remain strong. The profitable expansion of
our activities continues to be underpinned by our strategy of responsible lending, disciplined growth
and careful management of credit quality. We foresee our future in advance. Accordingly, we have
already taken programs to issue Rights Shares and to enhance Banks Supplementary Capital.
Southeast Bank 1st Mutual Fund will soon be launched. We are also consolidating the progress
already made. We have sufficiently enhanced our in-house capability to ensure that no credit-loss,
frauds or forgery, money laundering or terrorist finance occurs in the Bank, regulatory requirements
to fortify Banks conditions are fully complied and the ethical standard in our operations are
maintained. We shall pursue the chosen course to achieve charted objectives and productivity
enhancement drive with renewed zeal and determination. A comprehensive new Software, Bank
Ultimus, has been put in place. The new Software will be our tool to devise more innovative
products for customers and improve the Management Information System (MIS). The Bank has
been modernized and readied to penetrate the market with more value added products.

Despite the market conditions in the wake of global economic recession, the year ahead looks bright.
Southeast Bank has already begun the year 2010 in an excellent position. We are excited by our
outlook and prospects and look forward to reporting on further development as the year 2010
progresses. Over the years, we have also built a platform for Banks future growth with an efficient
management, strong capital base and good credit portfolio under a more effective regulatory
environment. On the grounds of undertaken programs, we are optimistic about the future. However,
forward looking statements involve inherent risk and uncertainties. A number of factors could cause
annual report 2009

actual results to differ from those anticipated. Hence, forward looking statement should be viewed
accordingly from the above view points.

Chairmans Report
19. Appreciation
I am thankful to the Almighty Allah for the business success of the Bank in 2009 amid turbulent
business conditions and global economic recession. I also take the opportunity to thank the Directors
of the Bank for their support and input during the year under review. Their collective wisdom
substantially contributed to the acquiring of strengths.

I also thank our Management and the members of the staff under the able leadership of the
Managing Director for their loyalty, support and relentless efforts for Banks qualitative and
quantitative improvements. I respect their inner zeal to work hard to reach newer heights of success.

I conclude by conveying my very sincere and special thanks to our respected shareholders, valued
customers, patrons, well-wishers, the Government of the Peoples Republic of Bangladesh,
Bangladesh Bank, Registrar of Joint Stock Companies and Firms, the Securities and Exchange
Commission, the Dhaka Stock Exchange Limited, the Chittagong Stock Exchange Limited and all
others concerned who have supported us and extended to us their valued co-operation. We look
forward to their continued support, co-operation and guidance that are our constant source of
encouragement in the days ahead. We renew to them our promise to remain disciplined, compliant
and result-oriented in all our endeavors and in return seek their co-operation.

May the Almighty Allah in His infinite mercy bestow upon us compassion and blessings.

Allah Hafiz

With warm regards,

Sincerely yours,

Alamgir Kabir, FCA

annual report 2009

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06. ^MKT mqmJkjJ

xMM TJpto Fm oMjJlJ kmOKr uqoJJ xoMjf rPU IJorJ IJoJPhr ^MKT mqmJkjJr TJ\PuJ xj TPr
gJKT mqJKT F ^MKT Tmu xUqJ~ j~ mr moJJ~ Fm \KaufJ~ mOK kP~PZ IJoJPhr ^MKT mqmJkjJ
TJptPo ^MKTxoNy KYKfTre, kKroJk, KmPvwe fhJrT Fm Kj~e Itn Fr uq yP mqJT pj kKrYJujJ
kKrwh TftT IjMPoJKhf ^MKTxLoJr oPiq gPT TJpto kKrYJujJ TPr
IJoJPhr ^MKT mqmJkjJr oNujLKfPuJ yu:
IgtQjKfT oNuiPjr IKiT ^MKT VyPe IJorJ IJVyL jA;
^MKT VyPer kKroJe IJP~r JrJ KjitJKrf y~;
CJKmf kKfr oPiq IJorJ ^MKT KmPvwe S Kj~e TPr gJKT;
^MKTr mKvqPuJPT KmPmYjJ~ FPj kKfKa ^MKT Kj~j TrJ y~;
xJmq mJ jfj ^MKTPuJ xPTt IJorJ hsffJr xJPg Kj~eoMuT TJpto Vye TPr gJKT;
annual report 2009

Kf xJKif yP~PZ KTmJ yS~Jr oKTr oMPU Foj KmwP~ IJorJ fKz mqmJ Vyj TPr gJKT;
^MKT xyq TrJr ImJj gPT xo ^MKTPuJ KmYJpt yP~ gJPT;
^MKT mqmJkjJ~ fhJrTTJrL TftkPr KjPhtvJmuL pgJpgnJPm kKrkJuPj IJorJ xPY gJKT;

KmKnj ^MKTr \jq xh mrJ TPr gJKT, Fm
KmKnj Pr ^MKTxoNy Ijmrf fhJrTL TPr gJKT
07. IJoJPhr fgq kpMK
fgq kpMK TJj kKfJjPT mqmxJK~T iJrJ, TJpto, KxJ ke~j Fm kKfPpJKVfJ~ xMPpJV CkyJr KhP~
gJPT fgq kpMK FUj IJr TJj kJvt KYJ j~, mr mqJmxJr kTf YJKuTJ vK fgq kpMK kmftPjr lPu
hNrf KmuLj yP~PZ Fm pJVJPpJPVr TJrPe fgq Kmkm xWKaf yP~PZ
IJorJ fgq kpMKPT hKU TRvuVf KhT gPT fgq oMUq kKfPpJKVfJoNuT KmOKf, kKfJPjr IVVKfr mJyT
Fm mftoJj A-TotJx kKrPmPv IJoJPhr xJluq I\tPjr \jq kP~J\jL~ KmKjP~JV IJoJPhr fgq kpMK
kKfPpJKVfJoNuT mJ\JPr IJoJPhr IPV ImJPjr kPg xyJ~fJ, kKfPpJKVfJ~ IJoJPhr xJogtq mOK TPr Fm
kKfPpJKVfJr P kKfmTfJxoNy kvKof TPr IJorJ IJvJ TKr mqJT IJuKaoJx mqmyJPr Jq IJoJPhr
VJyTPhr F xl&aS~qJPrr IJSfJ~ IJoJPhr mqJKT xmJ Vye TrPf CxJKyf TrPm fJPhr KjTa IJorJA
xmtJKiT kZPhr TJre IJoJPhr VJyPTr xJPg pJVJPpJV IKiTJv mqJK kptJP~A yP~ gJPT
08. KmvmqJkL IJKgtT oJ gPT KvJ Vye
oJmJ IgtjLKfr FTKa rk IfLPf IgtjLKfPf oJ FPxPZ Fm fJPT oJTJPmuJS TrJ yP~PZ FmJr oJ

Y~JroqJj oPyJhP~r kKfPmhj

FPxPZ Fm IJmJrS IJxPf kJPr xoxqJ gPT IJoJPhr kOgT gJTJr xMPpJV jA-fPm IJorJ oJ TJKaP~ CbPf
kJKr F KmPv IKj~fJ xmthJ KmhqoJj gJTJ xPS, xMM TRvu ImuPjr oJiqPo IJorJ CkTf yPf kJKr
IuxnJPm mPx gJTJ Fm mqmxJK~T kPYJ m TPr h~J TJj xoJiJj j~ oJr KmP kKfJPjr kKf IKf
fkNet oJr kPr IJPx f\LnJm FUjA IJoJPhr kKf KjPf yPm kmOK I\tPjr Fm xlufJr IJoJPhr
mqJKT mqmxJPT FUjA Foj ImJPj kRPZ KhPf yPm pJPf krmftL oJ~ Fm pPTJj IxMKmiJ~ mqJT vK
I\tj TrPf kJPr mftoJj xoP~r YJKyhJ IjMxJPr, IJorJ IJoJPhr oNu-oNuij S mJzKf oNuij mJzJPjJr khPk
KjP~KZ hMAKa v~JPrr KmkrLPf FTKa (1:2) rJAa v~Jr AxMq Fm 200 TJKa aJTJr m AxMqr khPk j~J
yP~PZ IJorJ jfj jfj mqmxJr xMPpJV xJj TrKZ oJr kr IJorJ KjKf yPf YJA p IJoJPhr TJj
xmJkeq pj IjMkPpJVL jJ yP~ kPz mr IJoJPhr xmJkeq yPf yPm IJiMKjT Fm VJyT mJm x uPq,
IJoJPhr TJpto TJPbJrnJPm oNuqJ~j TrJ yP Cjffr luJlPur \jq kKrTjJ j~J yP Fm fJPf xoP~r
xJPg xJoxq rPU kP~J\jL~ kKrmftj-kKroJ\tj TrJ yP xMxo~ yP IJoJPhr \jq hMxoP~r \jq kKf
j~Jr FTKa mz xMPpJV IJoJPhr keq S xmJxoNyPT Cjffr TrJ yP pJPf IJorJ kKfPpJKVfJ~ FKVP~ pPf
kJKr Fm vLPwt ImJj TrPf kJKr kKoJ KmPv fhJrKTr hMmtufJr kKrPmPv IKf CxJyL xJm-kJAo oPVt\
KmKjP~JV xJT koJKef yP xMfrJ, TJKjT xmJkPeqr I\JjJ mPr jJr jJ luPf IJorJ m
09. VJyT xmJ
xJKjf VJyTVeA IJoJPhr xTu TotTJPr TsKmM IJorJ xTu vseLr VJyTPhrPT IJiMKjT, Cjf S
KaoM mqJKT xmJ hsffJr xJPg kRPZ KhPf ILTJrJm IJorJ mqJK, hs S oJ^JKr kKfJj, CPhqJJ
Fm TPktJPra xJ-xmJAPT kptJ IJKgtT xmJ KhP~ gJKT IJorJ xmthJA VJyTPxmJr oJj Cjffr TrJr kPYJ
ImqJyf rJKU xoxqJr xoJiJjA VJyTPxmJr oNu YJKuTJvK, oMjJlJ yP TmuoJ pRKT luJlu
KrPau mqJKT, mqmxJ-mJKeP\q IgtJ~j Fm TPkJtPra mqJKT-xm PA IJoJPhr hfJ rP~PZ fgq kpMKr
IVVKf' mqJKT xmJ~ jfj oJJ pJV yP~PZ xJKjf VJyTmOS FUj IJPVr fujJ~ IPjT mvL xPYfj
fJrJ IJiMKjT S krLLf kpMK Kjntr xmJ kPf YJj IJorJ fJPhr x xmJ KhP~ gJKT Fm xmJr CjKf
xJiPjS xPY gJKT IJoJPhr KmvJx TrJr pPg TJre rP~PZ p IJoJPhr ImqJyfnJPm xPJw\jT oMjJlJ
I\tj, kmOK Fm mJ\JPrr IvLhJKrf, IJoJPhr xmJr jVf oJPjr Ckr KjntrvLu VJyTPhr kfqJvJ kNrPe
VJyT xmJr xTu iJrJ~ oRKuT pJVqfJ I\tPjr oJiqPo fJPhr YJKyhJ kNre, xmJr oJj Kr TrJxy VJyT
xmJr oJj xPmtJ kptJP~ xrPe IJorJ fkr gJKT IJoJPhr VJyTPhr IKnPpJV S krJovt pgJpgnJPm
oNuqJ~j TKr Fm xTu VJyTPhr xJPg jqJ~-KnKT xhJYJre KjKf TKr IJoJPhr kJrKrT xoOK I\tPjr
kPg fJrJ IJoJPhr IvLhJr VJyTPxmJr oJj Cj~Pj Fm kKfPpJKVfJoNuT mJ\JPr IJoJPhr xJogt mOKr uPq
IJorJ kP~J\Pj IKiT xh mrJ Trm

10. oJjm xh
xJlPuqr \jq IJoJPhr oJjm xh IKf fkNet CkJhJj hfJ I\tPj, UJuJoPj TJ\ TrJr kKrPmv xoMjf
annual report 2009

rJUPf Fm xMKYKf iJreJxoNy mqK gPT mqKPf ZKzP~ KhPf IJorJ IJoJPhr mqmJkjJ hPur Ckr xKmPvw
f IJPrJk TKr mqJPT FTKa Tot-xKf VPz fuPf IJorJ kKfvsKfm

xMxVKbf, xMKvKf S h kvJ\LmL xoO \jmu IJoJPhr mqJPTr oNuqmJj xh fJrJ KmYe, xftT,
xMKmPmYT, IJKrT, VKfvLu Fm mqJPTr kKf ILTJrJm fujJoNuT C mfPj, CxJy mitT Lo, xyJ~T
Tot-kKrPmv Fm pJVq kvJ\LmLr \jq YJTrLPf CjKfr xMPpJV KhP~ mqJT xMPpJVq TotL xVy S xre TPr
gJPT FaJ LTf xfq p IJoJPhr mqJT oKyuJPhr YJTrLPP \JrJPuJ xyPpJKVfJ S xogtj KhP~ gJPT
kKfJPjr xTu Pr jfPfr KmTJv WaJPjJ IJoJPhr KjmtJyL Cj~j TotxNYLr IKmPhq Iv vLwt TotTftJPhr
oPiq kvJhJKrPfr KmTJv WaJPjJ Fm fJPhr oPiq CPrJr CjKf TrJr xKf xOK TrJ IJoJPhr oNUq CPvq
IJoJPhr ksPfqTKa iqJj-iJreJ~ IJorJ IJvJmJhL yPf YJA yJ-IJorJ-kJKr-F oPjJnJm IJoJPhr TotmJKyjLPT
IjqPhr YP~ IJuJhJ TPr Fm mqJPTr \jq YoTJr xJluq mP~ IJPj fJPhr oJiqPoA IJorJ IJVJoL KhPjr
k IJ\A kJ~e TKr

11. xJoJK\T hJ~mfJr KmwP~ IJoJPhr jLKfoJuJ

xJCgA mqJT xoJP\r YJKyhJ kNrPe kKfvsKfm IJorJ p xoJP\ TJpto kKrYJujJ TKr fJr kKf hJ~mfJ
kNre TrJr oJiqPo IJorJ fJr xPmtJ IJJ I\tPj xPY gJKT IJorJ VJyT, v~JrPyJJr, TotYJrL, mqmxJK~T
xJgL, kKrPmv Fm xoJP\r kKf hJK~fvLu IJYre TPr gJKT xoJP\r aTxA Cj~Pj IJorJ ImhJj rPU gJKT
xoJP\r kKf IJoJPhr mKitf hJ~nJr IJorJ LTJr TKr KjmKetf kJ~ IJorJ TkJtPra xJoJK\T hJ~mfJ
kKrkJuj TrPf YJA:
Y~JroqJj oPyJhP~r kKfPmhj

\JfL~ IgtjLKfPf ImhJj rPU;

hJK~f kJuPjr KnKPf x, S xMM mqmJkjJ VPz fJuJr oJiqPo;
xoJP\r To-xMKmiJPnJVLPhr xJyJpq TPr;
oM S xK~ mqmxJK~T kKrPmv VPz fPu;
Kj~o-jLKfr xPmtJ kKrkJuj KjKf TPr;
kJTKfT hMPptJPV hM oJjmfJr xmJ~ xJyJpq TPr;
JqPxmJ~ VrLm S InJmVPhr xJyJpq TPr;
kKfJPjr TotYJrLPhr IKiTfr pf j~Jr oJiqPo;
VJyTPhr xoOK I\tPj xyJ~fJ TPr;
ImqJyfnJPm v~JrPyJJrPhr xh mOK Fm KKfvLu unqJv WJweJr jLKf IjMxre TPr;
hJfmq Fm kKrPmv xre kPYJ~ xJyJpq-xogtj khJPjr oJiqPo;
mqJKT TJpto kKrYJujJr lPu pJPf kKrPmv KfV jJ y~ fJ KjKf TPr;
jJrLr ofJ~Pj Fm Cj~Pj xJyJ~fJ khJPjr oJiqPo;
kKrPmv xre xJ IJAj Fm KmKi-KmiJj kKrkJuj TPr;
VrLm IgY oiJmL ZJ-ZJLPhr nJVq kKrmftPjr uPq mOKkhJj TotxNYL mJmJ~Pjr oJiqPo;
Kv, KvJ, xKf Fm LzJr CjKfr P xyJ~fJ khJj TPr;
mqJPTr InqPr KmhMq S xh xJvs~L TJpto kKrYJujJ TPr;
xoJP\r xJPg xoP^JfJ, IJJ S KmvJPxr xTt Jkj TrJr kKPf jJVKrTVj IJoJPhr IKf
m\J~ gJTJr pRKTfJ LTJr TPr
IJPuJYq mZPr, xJoJK\T hJ~mfJr UJPf mqJT 24.75 KoKu~j aJTJ mq~ TPrPZ xJCgA mqJPTr IgtJjMTNPuq
xJCgA mqJT lJCPvj kKfKf yP~PZ xJCgA mqJT lJCPvjS IJPuJYq mZPr xJoJK\T hJ~mfJr
TJpto kKrYJujJ TPrPZ
12. fgq jLKf
xMjJo mqJPTr FTKa fkNet xh mJAPrr \VPfr xP xTt Cj~j xMjJo I\tPjr FTKa Ijqfo oJiqo
fgq IJhJj khJj KnKT kpMK IjJKmf mqmxJ KYKf TrPf Fm kKfPpJKVfJr IVpJJ~ mqJPTr ImJj
xMxyf TrPf xyJ~fJ TPr F uPq, xJCgA mqJT fgq mqmJkjJ~ xM jLKf IjMxre TPr mqJT
v~JrPyJJr, VJyT, fhJrTTJrL Tftk, mqJPTr TotTftJ-TotYJrL Fm xmtPrr \jVjPT UJuJoPj, fJr
xJPg Fm pgJxoP~ mqJPTr TotTJ Fm uqxoNy mJmJ~Pjr IVVKf ImKyf TPr gJPT mqJT xmJh oJiqPo
fgq xrmrJy, kKfPmhj, oJKxT, pJjJKxT S mJKwtT IJKgtT KmmreL, mqJPTr SP~mxJAa F fgq khJj, xoP~ xoP~ k kKTJ~ mqJPTr IJKgtT KmmreL ZJKkP~ mqJT xPTt
annual report 2009

kYMr fgq xrmrJy TPr gJPT v~JroNPuq xPmhjvLu fgq hsf fhJrTTJrL TftkPT \JKjP~ h~J y~ Fm
KmKjP~JVTJrL, vJ~JrPyJJr Fm \jVPer ImVKfr \jq k-kKTJ~ kTJv TrJ y~

13. IJoJPhr xJKjf vJ~JrPyJJr
2009 xPj dJTJ S YVJo T FPYP kKfKhj VPz IJoJPhr v~Jr mYJPTjJr kKroJe KZu pgJPo 39.52
KoKu~j aJTJ Fm 7.21 KoKu~j aJTJ 31 KcPxr, 2009 fJKrPU IJoJPhr v~JrPyJJr xUqJ KZu 22.152
\j KmKnj vseLr mqK Fm kKfJj IJoJPhr mqJPTr v~JPrr iJrT CkKrC kKrxUqJj mqJPTr kKf
KmKjP~JVTJrLPhr IJJ S KmvJPxr kKfluT
14. IJoJPhr TJJjL xKf
xJCgA mqJT fJr TJptPo 15fo mZr IKfo TPrPZ ImqJyfnJPm KmVf mZrPuJPf xMvOu S Kj~ofJKT
mqmJkjJr luvsKfPf F mqJPTr TJJjL xKf FTKa kKfKf rLKfPf kKref yP~PZ F xKf IJoJPhr
oJjmxhPT GTqm TPrPZ, fJPhr xyoKotfJr hOKnKPT \JVf TPrPZ, fJPhr oPiq KmhqoJj xsLKfPT IJrS
mVmJj TPrPZ Fm kJrKrT xogtj S xyPpJKVfJr kKrPmPv TJJjLr KKrTf uq I\tPj huVfnJPm TJ\
TrJr \jq fJPhrPT IjMkJKef TPrPZ IJoJPhr TJJjL xKfr TsKmM yP oMUq oNuqPmJixoNy pgJ xffJ,
kJrKrT vsJ, xsLKf, xmJhJPjr kmu ILTJr, IhOK S IJKT vK xJm-TJuYJr S TJCJr TJuYJPrr
KmkrLPf IJoJPhr mqJPT rP~PZ FT S Ijjq TJJjL xKf
15. IJoJPhr Jj xJr mqmJkjJ
mftoJj kKfPpJKVfJoNuT KmPv TJj kKfJjPT fJr kKfPpJVLPhr gPT IPV ImJPjr \jq fJr oJjmxhPT

Y~JroqJj oPyJhP~r kKfPmhj

kNetoJJ~ Fm hfJr xJPg mqmyJr TrPf y~ \jvK kKfJPjr vs xh fJrJA kKfJjPT KnjoJJ~
kKfKf TrPf kJPr IJorJ IJoJPhr Jj xJr mqmJkjJPT pMPVJkPpJVL TrJr \jq KjruxnJPm TJ\ TPr
pJK APfJoPiq IJoJPhr SP~mxJAPar kKroJ\tj xj yP~PZ Fr oJiqPo IJoJPhr xmtPrr
TotTftJ-TotYJrLrJ mqJPTr hKuu KnKT fgq, CkJ, Kmw~JKh Fm keq xJr xPTt \JjJr xMPpJV kJ~
Cjffr fgq kpMKr Jj KxJ kj~Per P oJPjJj~j KjKf TPr IJoJPhr fgq-kpMK KnKT Jj
mqmJkjJ hfJr xJPg mqJPTr TJpto kKrYJujJ~ xyJ~T nKoTJ kJuj TPr fgq, CkJ Fm Jj xJPrr
xMKjkMe mqmJkjJ~ IJorJ kKfPpJKVfJr oJiqPo IJoJPhr ImJjPT vLPwt xMhO| TrPf kJKr
16. kMrJr S LTKf
xJCgA mqJPTr KjTa TJJjL xMvJxj YYtJ IJKgtT TJptPor ofA fkNet kKfKa TJP\ BKf oJj I\tj S
fJ mJ\~ rJUJ mqJPTr Ijqfo jLKf x uPq mqJT xTu fgq JrJ xoO Fm VOyLf FTJCK qJJct
kKrkJuj TPr IJKgtT KmmreLxoNy kTJv TrPf kPYJ ImqJyf rPUPZ LTKf rk, AKaKaCa Im YJatJc
FTJCqJx Im mJuJPhv (IJAKxFKm) 2006, 2007 Fm 2008 xPjr vs kTJKvf KyxJm KmmreLr \jq
xJCgA mJPTPT xJKatKlPTa Im oKra kMrJPr nKwf TPrPZ IJoJPhr mqJT 2009 xPjr \jq vs hvL~
IJAKa mqmyJrTJrL KyPxPm mJuJPhv FPxJKxP~vj Im xl&aS~Jr F AjlrPovj xJKntPxx (mKxx) Fr kMrJr
17. mPxu-2 Fr \jq IJoJPhr kKf
mPxu TKoKa Im mqJKT xMkJrKnvj TftT CJKmf oNuij kptJfJr jLKf pJ' mPxu-2 mPu UqJf Fr IJPuJPT
mJuJPhv mqJT TftT keLf jLKfoJuJr IiLPj xJCgA mqJT 1uJ \JjM~JrL 2010 yPf ^MKT KnKT oNuij
kptJfJr jLKf pgJpgnJPm kKrkJuPjr \jq nJu ImJPj IJPZ jfj oNuij TJbJPoJ KfjKa Prr xojP~
VKbf FPuJ yP (1) jNqjfo oNuij kptJfJ (2) fhJrKT kptJPuJYjJ Fm (3) mJ\Jr vOuJ mPxu-2 Fr
kiJj mKvqPuJ yP pgJPo (1) Ee ^MKTr IJPuJPT Ee xPhr KyxJm-KjTJv (2) mJ\Jr ^MKT Fm
TJpto-TKsT ^MKTr \jq IKfKr oNuiPjr kP~J\jL~fJ Kjrke Fm (3) mJ\Jr ^MKTPT xO TPr Kj\
Fm fhJrTTJrL TftkPr j\rhJKr mJuJPhv mqJPTr keLf KmiJj oPf 2009 xPj mPxu-1 Fm mPxu-2
Fr KmiJj IjMxJPr KrPkJKat xoJrJunJPm YuPm pJPf 2010 xJu gPT mPxu-2 pgJpgnJPm kP~JV TrJ pJ~
mPxu-1 Fm mPxu-2 Fr lrPoa IjMxJPr xJCgA mqJT KrPkJKat TrPf TPrPZ
xJCgA mqJT FTKa KmKi-KmiJj kKrkJujTJrL mqJT KyxJPm xMUqJKf I\tj TPrPZ Fm 2010 xJu gPT p
mPxu-2 mJmJ~Pjr TgJ fJ'xy mJuJPhv mqJPTr keLf xTu KmKi-KmiJj kKrkJuPj F mqJT kKfvsKfm
2008 xPj 20% mJjJx v~Jr AxMqr oJiqPo mqJPTr kKrPvJKif oNuij, pJ oNu-oNuiPjr Ijqfo CkJhJj.
342.26 TJKa aJTJ~ CjLf TrJ y~ mqJPTr kKrYJujJ kKrwh 12/08/2009 fJKrPU IjMKf xnJ~ 60.00 aJTJ
KkKo~Joxy 1:2 IjMkJPf IgtJ kKf 2Ka v~JPrr KmKjoP~ 1Ka rJAa v~Jr AxMqr kJm Vye TPr FTA xnJ~
kKrYJujJ kKrwh mqJPTr mJzKf oNuij mJzJPjJr uPq 200 TJKa aJTJr J~L m AxMqr kJmS Vye TPr
kJKmf rJAa v~Jr AxMqr Kmw~Ka KxKTCKrKa\ F FPY TKovPjr IjMPoJhPjr IPkJ~ IJPZ Kj\ j\rhJKr
Fm fhJrTTJrL TftkPr j\rhJKr mOKr lPu mqJPTr ImJr IJrS CjKf xJKif yP~PZ mqJPTr mJiqfJoNuT
Kca rKa TrJ yP Ee ^MKTr xKbT oMuqJ~Pjr uPq, Kca rKa FP\L TftT mqJPTr KmhqoJj TPktJPra
Fm mOyhJT Ee VyeTJrL VJyTPhr Kca rKa TrJr \jq mqJT mqmJ KjP Fm fJPhrPT IJymJj \JjJP
FKa ^MKTr IKf fkNet CkJhJj Fm F P mPxu-2 Fr IiLPj xmJtKiT oNuij xrPer kP~J\j y~
kPcjKx~Ju VJAcuJA IjMxJPr, IKiTfr Cjf oJPjr Ee mqmJkjJr kgJxoNy YYtJ TrJ yP mJ\Jr ^MKT Fm
annual report 2009

TJpto TKsT ^MKT kvoj TrJr \jq IKfKr oNuiPjr kP~J\jL~fJ oaJPjJr Kmw~Ka pgJpgnJPmA KmPmKYf
yP kptJ oNuij KjetP~r KmwP~ kNeJt fgq kTJPv IJorJ kNetoJJ~ KmvJx TKr mJ\Jr mqmJr pgJpg oNuqJ~j
Fm IJJ I\tPjr uPq ^KT mqmJkjJr KmwP~ fKz Fm xKbT fgq kTJPv IJorJ IJKrT

18. IJVJoL mZPrr \jq kKf
2009 xJPuS IJKgtT mJ\Jr oJ~ KjoKf KZu IJKgtT mJ\JPr IvVyeTJrLrJ pf jJ IJKgtT oJr JK~Pfr
\jq KmKf yj fPfJKiT KmKf yj oJr kTafJr TJrPe KmVf mZPr hPvr KmrJ\oJj kKrKKfr TJrPe KTZM
xUqT mqmxJ~L KjrJkJyLjfJ~ nJPVj Fm L~ mqmxJ jffyLj rPU KmPhPv KVP~ ImJj TPrj lPu fJPhr
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annual report 2009

IJuoVLr TmLr, FlKxF

Mahbubul Alam

From the desk of Managing Director

The year 2009 was an eventful year witnessing major changes in the socio-political and financial sector of our country. In
the backdrop of global financial crisis that persisted in 2009 and the ever changing competitive banking scenario,
Southeast Bank marched ahead capitalizing on the opportunities and overcoming the adversity and challenges in 2009.
The Bank successfully completed the 15th year of its operations registering a significant growth in all the performance
indicators including deposits, loans, international trade, foreign remittance and profitability in 2009.
The financial statements for 2009 bear testimony of the Banks excellent performance and sound health. The dedication
of a visionary management team along with its highly professional and experienced workforce operating under the
guidance of a learned and prudent Board have made 2009 a successful year for the Bank.
The Bank generated an operating profit of Tk.4,614.66 million in 2009 against Tk.3,012.58 million in 2008 showing a
remarkable annual growth of 53.18%. In 2009, the Bank mobilized deposits of Tk.96,669.05 million, and loans and
advances of Tk.77,497.57 million which posted an annual growth of 41% and 29% respectively over 2008. Imports
grew by 20% to Tk.69,582.92 million, export by 11% to Tk.46,724.47 million and foreign remittance by 56 % to
Tk.23,800.00 million. During the period of last 5 years (2005-2009) the Bank achieved an average annual growth of
28% in deposits, 29% in loans and advances, 52% in exports, 29% in imports and 110% in foreign remittances. This
year the Banks profit per branch and profit per employee was the highest among our peer banks.
In 2009, total assets reached Tk.112,676.98 million from Tk.81,181.53 million of 2008 reflecting 38.80% growth.
Earning per Share (EPS) stood Tk.54.64 in 2009 as against Tk.31.11 in 2008 depicting 75.63% growth. Return on Asset
(RoA) and Return on Equity (RoE) are 1.66% and 16.51% showing annual growth of 52.29% and 36.90% respectively.
The sound company fundamentals led to the rise of investors confidence and placed Banks share trading among the top
ten listings in both the Dhaka and Chittagong Stock Exchange. Merchant Banking operations have been introduced from
August 2009 in a bid to promote countrys capital market and broaden the investment base for the bank.
In 2009, our fee based income increased significantly compared to 2008. Through exercising effective cost control
measures, the cost-income ratio of the Bank was brought down to 21.24% in 2009 which was lower than industry average.
In 2009, vis--vis conducting regular business activities, the Bank kept a strong focus on maintaining quality of its assets.
The non-performing loan of the Bank came down to 3.73% in 2009 compared to 4.12% in 2008. Provision for 231.00 Tk.
crore was maintained which was more than required provisioning against classified, unclassified and off balance sheet items
as per Bangladesh Bank guidelines. Separate Loan Monitoring and Recovery units were formed both at the branches as well
as at Head Office for constant follow-up, management and recovery of the non-performing loans.
In 2009, 10 new branches and 10 SME centers were opened within the country. In 2010, the Bank plans to continue
network expansion program through opening more branches and SME centers in the important business hubs at both
annual report 2009

rural and urban areas to facilitate trade, commerce, industry and agriculture of the country.
In Southeast Bank, we give great importance to the development of human resources. We offer a competitive
compensation package followed by a performance and merit based reward system. In 2009, new employment

Managing Director opportunities for 277 people were created recording 23% growth from previous year. Continuous in-house
trainings were arranged to prepare quality manpower with professional expertise and to keep the officers update
with the latest developments in the international and local banking arena. In 2009, the Banks Training Institute
arranged 43 training programs with 1705 employees. More than 100 officers were sent to different external
training courses both at home and abroad. Southeast Bank follows a transparent recruitment process and stresses
upon gender equality based on merit. As a result 35% of its employees are women who contribute to the same scale
as their male colleagues. The Bank has developed one of the finest teams of performing officers with ethical
standards who work in a congenial environment with banking excellence and creativity.
In 2009, top priority has been given by the Bank for complete automation of its banking services and accordingly
an international standard robust core banking IT solution named Bank Ultimus was implemented to facilitate
real-time online banking for the Banks retail and corporate customers.
Southeast Bank has established transparent disclosure practices as per set accounting standards for the stakeholders
to evaluate Banks position in relation to risk. In 2009, a separate Risk Management Unit was formed at Head
Office to co-ordinate and implement risk management principles. Constant monitoring of loan cases by the
Management with an efficient control and compliance culture followed by prudent oversight of the Board have
contributed to effective management of Credit Risk factors of the Bank. Steps have also been taken for Credit
Rating of the Banks clients for ensuring quality asset and mitigating credit risk. Besides, the Banks Risk Managers
are extremely watchful and gathering market research information on the macro-economic fundamentals towards
successfully mitigating market risk.
Southeast Bank believes in Transparency and Accountability to ensure good Corporate Governance. We also firmly
acknowledge our commitment towards the society as well as our country. The Bank has always encouraged and
promoted local technology and thus introduced an IT based core banking solution which is completely developed
by the innovative and skilled IT experts available in Bangladesh. To streamline the Corporate Social Responsibility
(CSR) related activities, Southeast Bank Foundation was established in 2002. As a part of the CSR activities, the
Bank has made substantial contribution in different socio-economic welfare projects of the country to serve the
humanity including donations made to 7 bereaved families affected by the BDR carnage in 2009. Our
contribution to national exchequer was Tk.1475.33 million in 2009
As we look forward, we see ourselves strongly positioned with core strengths and solid foundation to the years
ahead. We cherish our last years impressive performance and are optimistic to have another successful year in 2010.
Southeast Banks priority for 2010 is to consolidate its existing position and attain higher growth and profitability
without compromising the quality of its assets. We aim to take our NPL down to below 2%. Side by side, we shall
continue our regular banking operations for achieving sustainable growth matching the expectations of our stake
holders and fortify against all the challenges and volatilities lying in the highly competitive banking scenario. We
shall demonstrate more prudence and insight in our overall activities and at the same time aim to achieve highest
level of customer satisfaction through operational excellence and high quality service. We commit ourselves in
exercising total compliance with all regulatory requirements and remain as a compliant Bank in the years ahead. All
our future endeavors will be to optimize the revenue stream at a least cost combination keeping socio economic
priorities above everything. We shall continue to share the common vision to build up an institution that can stand
From the desk of

the test of time and one day emerges as a world class bank.
The Bank looks forward to develop and strengthen risk management capacities by rejuvenating its Research and
Development (R&D) wing to develop innovative product solutions for the customers, brand marketing, event
management and CSR activities to further strengthen Banks image.
In 2010, plan is underway to further diversify our credit portfolio through calculative but profitable investments in
Public Private Partnership (PPP) projects, power generation, export processing zones, capital market and in
industries such as apparels, pharmaceuticals, telecommunications etc.
We also wish to increase our focus in Agriculture and SMEs sector in line with Bangladesh Banks recent monetary
policy to promote the real sector to increase output and employment level and contain inflation.
Before I conclude, I would extend my gratitude to all the learned members of the Board of Directors, the staff
members, regulatory agencies, valued customers and shareholders for their continuous support, guidance and
advice. May Almighty Allah in His infinite mercy guide us for our continued growth, prosperity and well being in
the days to come.
annual report 2009

Managing Director

Board's Report
Boards Report
Dear Shareholders :

The Board of Directors of Southeast Bank Limited takes the opportunity to welcome you all to the 15th Annual General
Meeting of the Shareholders and has immense pleasure to present before you the 15th Annual Report of the Bank
together with the Auditors Report for the year ended December 31, 2009.

01. Trend of Global Economy

The global economy is expected to ride out of the economic meltdown and bounce back in 2010 with Asian economies
continuing to pace global growth. Among the industrialized nations, the United States, with signs of stabilization in
financial and labor market is expected to outpace Europe where high unemployment is likely to weaken the progress of

According to IMFs World Economic Outlook, the global output is expected to grow by 3.1 percent in 2010, with much
of the recovery driven by emerging economies, such as India and China. In 2009, the IMF expected 1.1 percent decline
of global GDP. The UNO also expected the world economy to resume growth in 2010, but warned that the recovery
would be fragile. According to IMF, the global growth in 2010 would be dependent on Asia. China and India are
projected to grow by 9.0 percent and 6.4 percent respectively. In Japan, economic activity is expected to contract by 5.4
percent in 2009 as a whole, although fiscal stimulus and a modest increase in exports will lead to a recovery of 1.7
percent in 2010. The US economy returned to growth in the July-September quarter of 2009. The OECD predicted the
US economy would expand at 2.5 percent in 2010.

The 16-nation eurozone emerged from its worst recession since World War II in the 3rd quarter of 2009 as exports
from Germany and France helped compensate for households reluctance to increase spending. The region is out of
recession and still on track to grow by a reasonably solid 1.5 percent odd in 2010. German economy is expected to grow
by 1.6 percent in 2010. The Bundesbank forecast that the German economy would shrink by 4.9 percent in 2009 before
returning to growth in 2010. Latin America, led by Brazil and Mexico, is poised to rebound in 2010 from the recession.
GDP growth for the Middle East is projected at 2.00 percent in 2009 and 4.2 percent in 2010. The Organization of
Petroleum Exporting Countries, which supplies about 35% of the world oil, has cut crude production as the global
annual report 2009

recession curtailed demand. But signs of a global economic recovery are buoying oil prices. Oil prices have fluctuated
around $70 a barrel after reaching their 2009 high of $82 a barrel in October. Global oil demand is expected to rise
slightly faster in 2010.

02. Bangladesh Economy in FY09
Boards Report Bangladesh ended the fiscal year 2009 with a 5.9% GDP growth with agriculture growing at
4.6%, industry at 5.9% and services at 6.3%. Manufacturing was the hardest hit sector in
GDP. Its growth fell to 5.9% in FY 09 from 6.8% in FY 08. Annual average inflation
declined to 6.7% in June 2009 from 9.9 percent in June 2008. Broad Money (M-2) grew at
19.2 percent in FY09 which was higher than the 17.6 percent growth recorded in FY08.
The Countrys exports increased by 10.1 percent from US$14,151 million in FY 08 to
US$15,583 million in FY09. Remittances from workers abroad recorded 22.4 percent
growth from US$7,915 million in FY08 to US$9,689 million in FY09. Imports increased
by 4.2 percent from US$19,481 million in FY08 to US$20,291 million in FY09. The
balance of payments recorded a significant surplus of US$2,058 million in FY09. Gross
foreign exchange reserves held by Bangladesh Bank increased by US$1,322 million to US$
7,471 million at the end of FY09. Outstanding Bank Credit (excluding foreign bills and
inter-bank items) during FY09 rose by Tk.292.94 billion to Tk.2,259.34 billion. Bank
deposits (excluding inter-bank items) increased by 20.3 percent to Tk.2,786.22 billion
during the FY09. The bank rate remained unchanged at 5.0 percent in FY09.

Bangladesh economy has sustained growth momentum amid global downturn in FY 09.
The growth prospects of Bangladesh Economy will mainly depend on rebound of export
growth along with remittance inflow which in turn is dependent on the pace of global
economic recovery.

03. An Overview of the Bank

Southeast Bank Limited, a second generation private Bank, emerged in 1995 amid
liberalization of global economies. Currently, its Authorized Capital is Tk.10,000.00 million
and its capital and reserve reached 9,927.16 million as of December 31, 2009. Its vision is
to stand out as a premier banking institution in Bangladesh and contribute significantly to
the national economy.

The Bank, in the meantime, successfully completed 15th year of banking operations,
recording significant growth in all the performance indicators. In 2009, the Bank earned an
after tax profit of Tk.1870.19 million. The deposit of the bank grew by 41 percent to
Tk.96,669.05 million and advance by 29 percent to Tk.77,497.57 million compared to
those of 2008. During the last five years (2005-2009), the Bank achieved an average annual
growth of 28 percent in deposit, 29 percent in advances, 52 percent in export and 29
percent in import and 110 percent in remittance. During the last five years, the export
volume increased bythree times to Tk.46,724.47 million and foreign remittance increased
by seven timesto Tk.23,800.00 million.

Operational excellence, coupled with qualitative improvements continued to be of

paramount importance to the Bank. At present, the Bank has 56 branches, 10 SME Centers
and 1 Off-Shore Banking unit across the country. Plans have been drawn to raise another
10 branches and at least 10 more SME Centers in 2010. Our journey towards greater
operational success continues with increased energy, vigour and enthusiasm.

As we face the stiff challenges ahead on the way to further improving the profitability of the
Bank, we rely on our skilled and experienced workforce. Our strengths are our close and
cordial partnership with customers, firmly anchored presence in the country's strategic
places of commercial and business importance and global reach through correspondent
Banks for expansion of foreign trade, foreign exchange and remittance business. Our
product-basket encompasses Real Time Online Any Branch Banking, Islamic Banking,
Merchant Banking, Dual Currency Visa Credit Card, Visa Travel Card, ATMs, Education
Loan Scheme, Double Benefit Scheme, Consumer Loan, Millionaire Deposit Scheme, SME
Banking, Corporate Banking, Syndicate Loan, Monthly Savings Scheme, Monthly Income
annual report 2009

Scheme, Pension Saving Scheme, Wage Earner Pension Scheme, SMS Banking etc. in
addition to our traditional credit and foreign trade related products and services.

High quality customer services through the integration of the latest and state of the art
banking technology and products is our tool to achieve success. Customers are our first
priority. We are trying hard to provide a system of one-stop banking for customers by
providing a broad spectrum of services. Our employees have mastered new technology,
enhanced their product knowledge and honed their skill to help customers meet their
financial goals. We want to be the best helping customers become financially better off by
providing free advice, innovative leading-edge financial solutions, choice and convenience.
Whether our customers are individuals, small businessmen, or commercial clients, we aim
to deliver the best customer service by meeting their unique and different needs in a
professional, ethical, friendly and knowledgeable manner.

We are pledge-bound to turn Southeast Bank into a modern banking institution, dynamic
in actions, progressive in programs, honest in dealings, just in judgement, futuristic in
attitude, fair in approaches and devoted to high quality service to customers. Our charted
plans are aimed at boosting modern management, advanced technology, good profitability,
sound financial strength and fair corporate image of the Bank. We are firmly committed to
transparent, responsible and accountable corporate governance with the participation of
our strong and most capable team of professionals and under the prized policy directives
and guidance of the Board of Directors of the Bank. Respected Chairman and former Chairmen of
Southeast Bank Limited in a hilarious mood at the
Banks Get Together Party: 2009 held on June 26,
Southeast Bank Limited carries out business activities with due respect for existing value
and norms and with an understanding of the importance a large financial institution has
for the society and the environment. The bank wants to ensure its shareholders a
competitive return in line with the best among peer institutions.

04. Capital and Reserves

The Authorized Capital of the Bank was Tk.10,000.00 million and Paid-up Capital was
Tk.3,422.64 million as of December 31, 2009. The Capital and Reserve of the Banks in
2009 stood at Tk.9,927.16 million compared to Tk.7,657.01 million of the previous year
showing an increase of 29.65 percent.

The Capital and Reserve of the Bank as on 31st December, 2009 are appended below:
Capital and Reserves
Taka in Million
(a) Core Capital (Tier-I Capital) : Taka in Million
Paid Up Capital 3,422.64
Statutory Reserve 2,665.60
General Reserve 247.65 8000

Retained Earnings 1,278.87

Total Core Capital 7,614.76 6000

(b) Supplementary Capital (Tier-II Capital) 4000

Provision for Unclassified Advances 828.00
General Provision on off. Balance Sheet Exposures 351.33
Assets Revaluation Reserves 1,117.65
Revaluation Reserves of HTM Securities 11.22
Exchange Equalization Account 4.20 0
05 06 07 08 09
Total Supplementary Capital 2,312.40

05. Capital Adequacy Ratio

The Bank maintained a capital adequacy ratio of 11.72 percent of the risk-weighted assets
annual report 2009

as on December 31, 2009 as against the requirement of 10 percent as set by Bangladesh

Bank under Basel-I reporting.

06. Capital Market Scenario in 2009
Countrys capital market has experienced changes in its infrastructure and has developed
Board's with the advancement in information and communication technologies introduced in
Report capital market. In recent time, the practice of Corporate Governance by the listed
companies has progressed faster than ever before. But our capital market is yet shallow in
contrast to those of developed economies. It implies that further reforms are needed to
make the country's bourses into world class Capital Markets.
Shareholders' Equity
Dhaka Stock Exchange, the premier bourse of the country, staged a strong come-back in the
year 2009 after a period of correction in the year 2008. In this era of globalization of
Taka in Million financial activities, our capital market has been termed as emerging one. At the end of 2009,
12000 the DSE General Index was 4535.53 and it was 2795.34 at end of 2008. The DSE General
was up 1740.19 points or 62.25% in the year 2009, compared to that of the previous year.
10000 Total market capitalization at the end of 2009 was Tk.1,903.23 billion which was
Tk.1,043.79 billion at the end of 2008. Eighteen companies offered parts of their
8000 Authorized Capital to the public through Initial Public Offerings (IPOs) in the year 2009.
The total value of fresh capital injected in the market in the form of IPO in 2009 was
6000 Tk.19,047.00 million. The stability of capital market in the year 2009 strengthened the
rights of general shareholders. Innovative products such as securitized debt and fund
4000 products based on alternative assets are coming into our capital market. At present, the
investment environment is suitable and general investors knowledge regarding the merits
2000 and risks of Capital Market investment is increasing. Recent investors awareness program
sponsored by Securities and Exchange Commission, Dhaka Stock Exchange Limited and
0 Chittagong Stock Exchange Limited made investors of the country more aware and
05 06 07 08 09 sensible.

The larger size of shareholdings and strong presence of institutional shareholders with
growing number of small individual investors in countrys Capital Markets is an
impressive indicator of our macro economic fundamentals. In the year 2009, a more
vibrant and well developed capital market emerged. We believe that persistent reforms will
support countrys bourses existing impressive growth trend in future.

07. Southeast Bank Shares and our Shareholders

The fundamentals, such as Price Earning Ratio, Dividend Yield, Net Asset Value, Net
Operating Cash Flow Per Shares, Value of Traded Shares, Positive Earning Per Share,
continuous presence in Stock Exchanges as A category shares, regular declaration of
Company's Securities attractive rate of dividend, number of shareholders, higher percentage of market
in Electronic and capitalization in terms of Paid-up-Capital, etc. all are positive in case of shares of
Physical form Southeast Bank Limited. Our record of declaration of high rate of dividend on regular
basis has been possible because the Bank has very good quality profit generating assets.
Based on fundamentals, conscious investors treat our shares as a favorable option for
long-term investment.

i) Number of Shareholders
The rising trend in number of shareholders of the Bank since IPO is continuing and at
Demat Shares the end of the year , the number of shareholders of the Bank stood at 22,152 while it was
Remat Shares 12,536 as on December 31, 2008. It posted an increase in number of shareholders of the
Paper Shares Bank by 76.70%. The rate of increase in the number of shareholders of the Bank since
2005 is shown below:

Year Shareholders Growth Rate

2009 22,152 76.70%
2008 12,536 30.09%
annual report 2009

2007 9,636 8.82%

2006 8,855 54.00%
2005 5,750 22.24%

ii) Positive Earning Per Share (EPS)
At the end of the year 2009, the number of outstanding shares of our Bank stood at
3,42,26,373 shares. We had 30,00,000 shares at the time of listing with Dhaka Stock
Exchange and Chittagong Exchange in 2000. We have issued 3,12,26,373 shares in the
form of Bonus Shares and Rights Shares after listing with stock exchanges, showing
1040.88% increase in number of Banks outstanding shares. As we have been making
substantial profits for five consecutive years, the harmony between increased number of Net Asset Value (NAV)
Issued Shares and Earning Per Share is being maintained. The Banks positive Earning Per Per Share
Share for the last five years is shown below:
In Taka
Year Earning Per Share
2009 54.64
2008 31.11
2007 42.88
2006 59.71 200

2005 35.42

iii) Satisfactory Net Assets Value (NAV)

Our Banks assets are greater than liabilities with very satisfactory Net Assets Value (NAV) 0
per share. The NAV of the Bank per share in 2009 stood at Tk.331.01 while it was
Tk.257.95 in 2008, recording a significant growth of 28.32%. The NAV per share of the 05 06 07 08 09
Bank for the last five years is shown below:

Year Net Asset Value (NAV) Net Asset Value (NAV) Growth
per Share (in Tk.) Rate
2009 11,329.18 331.01 28.32%
2008 7,357.27 257.95 (4.21%)
2007 6,144.46 269.29 12.45%
2006 505.92 239.47 24.21%
2005 203.67 192.80 18.73%

iv) Authorized Capital and Paid-Up Capital

At the time of incorporation in 1995, the Authorized Capital of the Bank was Tk.500.00 Growth in Paid-up Capital
million and the initial Paid Up Capital was Tk.100.00 million. At the end of 2009, the
Authorized Capital and Paid Up Capital of the Bank stood at Tk.10,000.00 million and
Taka in Million
Tk.3,422.64 million respectively. The Authorized Capital and Paid Up Capital since 3500
inception of our Bank have been increased by 1,900% and 3,322.64% respectively to
maintain sound capital adequacy of the Bank and to make the Bank financially stronger. 3000
The growth of Authorized Capital and Paid Up Capital of the Bank is shown below:

Year Authorized Capital Paid Up Capital

(Taka in million) (Taka in million)
2009 10,000.00 3,422.64 1500
2008 3,500.00 2,852.20
2007 3,500.00 2,281.76 1000

2006 3,500.00 2,112.74 500

2005 2,500.00 1,056.37
2004 2,500.00 880.31 0

2003 2,500.00 677.16 05 06 07 08 09

2002 2,500.00 399.30
2001 500.00 363.00
2000 500.00 330.00
1999 500.00 300.00
1998 500.00 150.00
1997 500.00 125.00
annual report 2009

1996 500.00 100.00

1995 500.00 100.00

v) Declaration of Dividend
The Bank continuously pursues a stable dividend policy and declares dividends to the
Board's shareholders at an attractive rate. To cope with the requirement of increased capital of the
Report Bank with the growth of volume of business, bonus shares were issued out of the profit
generated by the Bank. The Banks declaration of cash dividend and stock dividend since
2005 is given below:

Year Cash Dividend Stock Dividend Total

2009 35% 35%
2008 15% 20% 35%
Deposit Mix 2007 15% 25% 40%
2006 20% 8% 28%
2005 20% 20%

vi) Rights Issue of Shares of the Bank

As approved by the Shareholders in the 5th Extra Ordinary General Meeting of the Bank
held on September 24, 2009, Rights Share @ 1R:2 Shares will be issued in favour of
Current and Other Deposits Shareholders of the Bank at an issue price of Tk.160/- each with a premium of Tk.60/-
Savings Bank Deposits per share subject to approval of regulatory authorities. The Bank has so far issued
Short Term Deposits
1,22,13,696 Rights Shares to the Shareholders to increase the Paid Up Capital of the
Fixed Deposits / Term Deposits
Bank out of which 16,50,000 Ordinary Shares were issued as Rights Shares to the
Fund under different deposit Schemes
Bills Payable Accounts
Shareholders at par at the ratio of 1R:2 in the year 2003 and 1,05,63,696 Rights Shares
were issued to the Shareholders in the year 2006 at the ratio of 1:1 at issue price of
Tk.200/-each with a premium of Tk.100/- per share to raise the capital base of the Bank.
vii) Net Operating Cashflow Per Share
Net operating cashflow per share of the Bank was Tk. 316.77 as on 31st December, 2009.

08. Deposits
The Bank mobilized total deposits of Tk.96,669.05 million as of December, 2009 as
Deposits Growth compared to Tk.68,714.67 million in 2008. Competitive interest rates, attractive deposit
products, deposit mobilization efforts of the employees and confidence reposed by the
Taka in Million customers in the Bank are the factors that contributed to the notable growth in deposits.
10000 The Bank introduced a number of attractive deposit schemes to cater to the requirement
of small and medium savers. This improved not only the quantum of deposits but also
brought qualitative changes in deposits structure. The deposit-mix of the Bank as on
December 31, 2009 is as follows:

Particulars Taka in Million Share in Total
4000 a) Current and Other Deposits 6,216.49 6.43%
b) Savings Bank Deposits 6,694.03 6.93%
c) Short Term Deposits 6,573.41 6.80%
d) Fixed / Term Deposits 73,632.69 76.17%
e) Fund under different deposit Schemes 2,379.53 2.46%
f) Bills Payable Accounts 1,172.90 1.21%
05 06 07 08 09
TOTAL : 96,669.05 100.00%

09. Credit Policy

The Bank has an exhaustive credit policy which is periodically reviewed and updated,
under which all the functions of credit operations and management are carried out. The
credit policy broadly includes and provides the Bank with the guidelines on the following
annual report 2009

aspects of credit:

The permissible sectors/eligible businesses to finance
The Application Process
Analysis of credit risk
Loan structure and terms
Documentation / Communication
Managing risk after loan approval
Monitoring on-going credit risk
Sector-wise Allocation of
Loan review function
Loans and Advances
Loan modification
Loan restructuring
Problem loan identification and mitigation techniques
Loan account closing

In addition to the above, to cater to the needs of the financing requirement in specific
sectors, separate schemes like (i) Consumer Credit Scheme (ii) SME Credit Scheme (iii)
Agricultural Loan Scheme (iv) Scheme for financing in Leather Sector etc. have been
devised as per policy and guideline of Bangladesh Bank from time to time. Agriculture, Fishing, Forestry, Dairy etc.
Jute, Textile, Garments, Chemicals,
Cement etc.
10. Loans and Advances Working Capital Finance
Export Credit
Bangladeshs economy has been more or less resilient amidst the global crisis, but lower Commercial Credit
exports and remittances growth and stagnant investment rates in the country Small and Cottage Industries
impoverished the growth. In spite of these, the overall banking environment remained
more or less smooth during 2009, other than the occasional excess liquidity situation in
the last quarter of 2009. The loans and advances portfolio stood at Tk.77,497.57 million
as on 31st December, 2009 in comparison to Tk.60,281.26 million as on 31st December,
2008 registering a growth of 28.56%.

The Bank continued its expansion of loans and advances portfolio throughout the year
2009 by prudent selection of borrowers. The Bank took advantage of the opportunities Growth in
and challenges in the socio-economic and business scenario of the country and expanded Loans and Advance
credit in all segments including priority sectors of Government of Bangladesh like SME
and Agriculture. The bank expanded its SME business operation in 2009 with top most
priority. In addition to substantial SME business through the existing branches, the Bank Taka in Million
also established 10 (ten) SME Service Centers to tap new business in this sector. In
conformity with the Governments decision and guidelines to increase credit to agricultural 70000

sector, the Bank took proper steps to increase flow of credit to the agriculture sector. 60000

The loan portfolio of the Bank is spread over the business of different sectors like ready 50000

made garments, textile, spinning, dyeing, ceramics, pharmaceuticals, telecommunication, 40000

petroleum, steel and engineering, ship scrapping, cement, edible oil, sugar industry, real
estate, transport, agriculture and other commercial lending etc. which ensures 30000

diversification without concentration to limited sectors. The Bank also thrives on 20000
reducing risk at the time of borrower selection through due diligence on government
policy, industry outlook, borrowers business performance along with mitigation of 10000

unforeseeable risk by taking adequate collateral. However, in spite of the utmost effort to 0
screen out potential risk prone borrower and regular follow-ups to maintain credit
05 06 07 08 09
standard, sometimes businesses do default due to their management problems, global and
local business environment, political uncertainty etc. The Bank however, through
increasing monitoring and supervision of the loan portfolio could manage to keep the
level of Non Performing Loans (NPLs) as on 31st December, 2009 at 3.73% compared to
4.12% as on 31st December, 2008.
annual report 2009

11. Loans to Directors

No fresh loan was allowed to any Director of the Bank during the year 2009.

12. Guarantee Business

Board's The Bank issued guarantees amounting to Tk.11,916.74 million during the year 2009

Report compared to Tk.15,078.99 million recorded in the previous year. The guarantees were
issued in favour of different Govt. Authorities, Ministries, Autonomous Bodies,
Corporations, Private Companies, Individuals and Multinational Companies, etc. on
behalf of the valued clients of the Bank.

13. SME Financing

Geographical Location-wise The Bank, in line with the policy guidelines of Bangladesh Bank, has strengthened its
Position of Disbursed SME operation, through introduction of 10 (ten) SME Service Centers all over the
Loan and Advances country during the year 2009. Policy for financing in the SME Sector has also been
devised and implemented. The credit proposals from the branches helped the Bank to
experience a growth of 25.76% in this sector. At the end of 31st December, 2009, the
Bank extended credit facilities to SME customers amounting to Tk.8,884.30 million
compared to Tk.6,595.20 million at the end of 31st December 2008.

14. Consumer Credit Scheme (CCS)

The Bank extends credit facilities to individuals for purchase of domestic durables like
Dhaka Region Refrigerator, Television, Washing Machine, Furniture, Computer, Motor Car etc.
Chittagong Region through its Consumer Credit Scheme (CCS) to improve quality of life / standard of
Rajshahi Region living, particularly of the fixed income group of the society. A separate cell at Head Office
Sylhet Region
appraises, monitors and supervises all the CCS proposals and ensures quick disposals of
Khulna Region
the same. Total investment in CCS Loan as on December 31, 2009 stood at Tk.205.21
million compared to Tk.205.87 million as on December 31, 2008.

15. Syndicate / Club Finance

Syndicated loans are loans made by two or more lenders and administered by a common
agent using similar terms, conditions and common documentations. Most loan
syndications take the form of a direct-lender relationship, in which the lead lender is the
Sources of Fund agent for the other lenders in the origination and administration of the loan and the
other lending banks are signatories to the loan agreement.

Southeast Bank is one of the pioneers in the banking arena of the country for Syndicated
/ Club Financing of corporate houses for new project establishment, BMRE of existing
operations and working capital facilities. The Bank, participated in 11 Syndications
during 2009 and allowed Tk.1,827.00 million in different segments of the economy like
ceramics, pharmaceuticals, poultry, textile, spinning etc.

16. Corporate Finance

Borrowings Southeast Bank provides credit facilities to help corporate clients move forward to
Deposit improve cash flow and working capital restructure, debt consolidation, acquisition and
Other Liabilities buyout etc. The credit facilities to the corporate clients are typically of 02 types (i) asset
Capital/Shareholders' Equity based lending and (ii) cash flow based lending. Asset based lending also called secured
lending, is covered by a wide variety of assets by using the liquid, current assets of the
company (such as accounts receivable and/or inventory) or the fixed assets of a business
(such as plant, property, and equipment) as collateral. Cash flow financing are allowed to
corporate clients having predictable and historically sustainable cash flows (operating
performance and enterprise value based on brand, franchise value, technology, or
annual report 2009

customer base) to meet clients seasonal requirements, business expansion, cyclical

business swings, improve business cash conversion cycle etc.

The Bank facilitates its corporate clients with credit facilities only after considering clients
business / industry environment, current and projected financials, management personnel
etc. and after taking enough risk mitigating measures to protect the interest of the Bank.
The financial packages are recommended and provided to the corporate clients in
conformity with the Banks credit policy and annual sectoral allocation either from own
finance of the Bank or raised through Syndication / Club Finance.

17. Finance in Leather Sector a New Innovation

The Bank has ventured into a new avenue of financing through entering into an
agreement with the Leather Sector Business Promotion Counsel (LSBPC) of Government
of Bangladesh for financing the primary producers of Leather Goods in the Leather
Sector. Initially Tk.20.00 million has been allocated on a revolving basis for the purpose
of such financing which is expected to be raised in future based on repayment behaviour
of the extended credit facilities from this sector.

18. Agriculture Credit Southeast Bank signed a Memorandum of

Understanding with Leather Sector Business
The Bank has committed itself to the Governments initiative to channelize formal credit Promotion Council on September 03, 2009 for
dedicated Credit Line for the underprivileged
facilities to the agricultural sector. During the financial year 2009-2010, the Bank has producers of leather products. Dr. Atiur Rahman,
taken a target of Tk.350.00 million for this purpose, and as on 31st December, 2009, Governor, Bangladesh Bank and Feroz Ahmed,
Tk.53.00 million has already been disbursed. Due to Banks limitation in operational Secretary, Ministry of Commerce, Govt. of the
People's Republic of Bangladesh, graced the occasion
exposure in this sector coupled with the distinct industry specific nature of the sector, by their kind presence as the Chief Guest and Special
most of the funds has been channelized through NGOs already specialized and Guest respectively.
experienced in providing micro credit finance. During 2009, a scheme has also been
devised for structured financing in the sector through the Banks regular marketing units /
branches. The loan outstanding disbursed in the agriculture sector stood at Tk.273.50

19. Export Development Fund (EDF)

EDF was established in 1989 by Bangladesh Bank with current allocation of USD.300
million in size, to facilitate access to financing in foreign exchange for input procurement
by manufacturer-exporter. Authorized Dealer (AD) banks can borrow US Dollar funds Growth in Investments
from the EDF against their foreign currency loan to manufacturer-exporter. As of 31st
December 2009, the bank allowed USD 3.45 million for input procurement under the
EDF Scheme of Bangladesh Bank and in 2010, this facility shall be further increased 2500
Taka in Million
basing on the requirement of the export clients.

20. Project finance and value addition to GDP 2000

Term loans to finance new ventures or projects involve a lot of technical and analytical 1500
skills. In most of the cases, the economic feasibility of projects is unknown and must be
subject to market studies and technical appraisals including the prior identification of
supplier and buyer commitments. However, good historical performance and operating
practices along with properly documented risk mitigation techniques are important to
evaluate the creditworthiness of such projects. The economy of Bangladesh has been 500

growing at the rate of around 6% p.a. over the past few years. More than half of the GDP
belongs to the service sector and nearly half of Bangladeshis are employed in the 0
agriculture sector. RMG, fish, vegetables, leather and leather goods, ceramics, rice etc. are
05 06 07 08 09
other important products of GDP. The Bank has implemented a policy to invest in
projects which have higher contribution to GDP.

The RMG sector is the main priority sector of the Bank. From 2009, the Bank has taken
the policy of consolidation in this sector rather than further expansion. In addition, the
Bank has significant exposure in the ceramics, healthcare, sugar and infrastructure projects
annual report 2009

to support transportation, communication, power supply etc. which contribute

significantly to the GDP of the country.

21. Loan Classification and Provisioning
The Bank ensures accurate loan classification and maintains the required provisions as per
Board's the guidelines of Bangladesh Bank. The Bank Management is always vigilant to minimize
Report the classified loans by way of cash recovery and regularization through rescheduling. The
percentage of classified loans of the Bank as on 31.12.2009 stood at 3.73 percent as
compared to 4.12 percent of the previous year. The Bank always maintains the required
provisions against classified, unclassified loans and off balance sheet items as per
Bangladesh Banks guidelines. In 2009 the Bank kept provisions for Tk.2,310.07 million
against required provisions of Tk.2,299.34 million leaving a surplus of Tk.10.73
Investment Portfolio
22. Credit Monitoring, Watch List and Management of
Non-Performing Loans
Maintaining the quality of assets is the foremost important aspect for efficient banking
business. To secure the shareholders and depositors interest, the Bank has strengthened
and intensified its monitoring and follow-up activities in order to maintain quality of
assets and to reduce the NPLs to a minimum level. The Recovery Unit of Branches and
the Recovery Cell of Credit Administration Department at Head Office are primarily
responsible for proper monitoring, follow up and recovery of non-performing/poor
performing loans. They keep close attention to the poor performing loans by preparing a
Treasury Bill Watch List and remain vigilant to upgrade the status of those loans through continuous
T & T Treasury Bond monitoring and follow up. A Problem Account Management Committee has been formed
Bangladesh Govt. Treasury Bond consisting of Head Office senior level executives headed by the Managing Director for
Prize Bond continuous monitoring and follow up of problem loan accounts.
Un-Listed Securities
Listed Securities 23. Write-off and Recovery of the Classified Loans
To write off bad loans is an internationally accepted practice to maintain a healthy balance
sheet. Bangladesh Banks guidelines regarding write-off of bad loans are meticulously
followed by our Bank. The recovery drive and court cases against defaulted borrowers are
also undertaken in full force by the branch and Head Office recovery team in order to
recover the written-off loans. In the year 2009, the Bank recovered around Tk.1000.00
million from the defaulted borrowers and some loan cases were regularized through
rescheduling. Besides, for recovery of top-20 defaulters loans, a separate recovery team is
Growth of working to recover the overdue/defaulted loans. At the same time, a comprehensive drive
Import & Export Business for recovery of overdue/classified loans is also continuing under the direct supervision of
the Managing Director of the Bank.
Taka in Million
80000 24. Investment Scenario
The investment portfolio of the Bank during the year 2009 was Tk.21,350.23 million
against Tk.12,299.61 million in the previous year registering a growth of 74 percent. The
50000 portfolio of investment included Government Treasury Bills, Prize Bonds, Shares of
40000 Public Limited Companies etc. The Bank has always given emphasis on investment of
30000 Funds in high yield areas simultaneously maintaining Statutory Liquidity Requirements
(SLR) as fixed by Bangladesh Bank.

25. International Trade Operations
05 06 07 08 09
Since its inception, Southeast Bank has been highly active in facilitating international trade
Export Import related services to its customers. By adding innovative product solutions, the bank has
continuously upgraded its services for its corporate clients to cope with the ever changing
pace of Globalization. The Bank offers various types of trade products to its customers
such as Import and Export Letters of Credit, Foreign Guarantees, Standby Letters of
Credit, Discounting etc. Despite global financial turmoil that seriously affected the import
and export trade business world wide, the Bank has achieved a sound growth in both
import and export sector in 2009. Although out of 56 branches of the Bank, only 21
annual report 2009

branches are Authorized Dealers to handle foreign trade operations, almost all the branches
are adequately equipped with professional manpower and infrastructural facilities to
provide trade finance facilities to their corporate customers through the AD branches.

Import Trade

In 2009, the Bank experienced a robust growth in its import based business. The total
import of the Bank stood at Tk. 69,582.92 million (USD 1,004.51 million) which is
around 20% higher from the import of 2008. Food Commodities such as Wheat, Sugar,
and Crude Soyabean Oil, Capital Machineries, Raw Materials for export-oriented garment
industries, Scrap Vessel, Raw Cotton and Flat Rolled Steel / Steel Billet etc. occupy the
substantial portion of import items for the bank in 2009.

Import Figures of the bank for the last 6 years are as below: Inflow of Foreign Remittance
Year Import volume in eqvt. US Import volume in eqvt.
Dollars (in Million) Taka (In Million) In Million-USD
2004 306.51 20,229.62 344.29

2005 421.44 29,079.30 300

2006 501.79 35,125.12 250

2007 557.50 38,470.34 220.7
2008 840.86 58,019.77
2009 1,004.51 69,582.92 150 193.75 160.04


Export Trade 50 53.14

Since 2004, the Bank has been strongly committed to strengthen the export sector of this 05 06 07 08 09

country by facilitating the exporters of Readymade Garments, Agro based Industries,

Frozen Fish, Leather, Jute and Jute Goods sector. In addition to the above, the bank has
been facilitating novel export based industries such as Ceramics Industries and Ship
Building to earn substantial volume of foreign exchange for our country. The export
proceeds together with the foreign remittance earned by the Bank have helped us to meet
our import liabilities without being dependent on the Interbank forex market. Despite
decline in overall export of our country due to the financial crisis in the developed
economies, our Bank registered a sound increase in exports in 2009 from last year. The
total export of the Bank was Tk.46,724.47 million (equivalent to USD 674.53 million)
which is 11% higher than that of 2008.

Country-Wise Inflow of
Year Export volume in eqvt. US Export volume in eqvt. Foreign Remittance
Dollars (in Million) Taka (In Million) through our Bank
2004 112.32 6,761.93
2005 202.41 13,511.10
2006 369.64 25,874.61
2007 423.10 28,771.36
2008 611.28 42,178.60
2009 674.53 46,724.47

26. A Year of Significant Breakthrough in Inward Foreign Remittance KSA Italy
USA Misc
In 2008, Southeast Banks remittance figure was US$ 220 million. The amount was Canada
considered relatively low for a bank of the stature of Southeast Bank, a leading private
sector financial institution in the country. For the year 2009, the Bank took up the
challenge to raise the figure substantially. The Bank ended 2009 by bringing US$ 344
million in remittance that recording 56% growth as compared to 2008 figures. In
increasing remittance dramatically, the Bank focused on two aspects crucial to remittance
business namely, strengthening the structure, including the human resource and enhancing
annual report 2009

the network of partners both at home and abroad. In strengthening the structure, the Bank
upgraded the division with adequate staff and other facilities, including a strong IT base.

We have also taken steps to enter into remittance distribution agreement with a number of
leading NGOs who have distribution networks at the major remittance distribution targets.
During the year, we have strengthened our partnership with worlds reputed money transfer
Board's organizations. With a view to making remittance reach the beneficiaries quicker and easier, we
Report have cooperated with a number of initiatives taken within the country by our remittance
correspondents. In overseas, we have made major breakthroughs in seeking out remittance
partners. We have entered into agreement with some well reputed exchange companies of
USA and Italy. In the past year, we have made significant strides in the remittance business
with our overseas partners. Side by side with entering into agreements with established and
Manpower position reputed exchange houses abroad, we have in 2009 also actively sought out opportunities to
for the las 5 years open Southeast banks own exchange houses in a number of places. We have targeted Malaysia
and Kingdom of Bahrain, and in both these places we have submitted applications for
In Number establishing our own Exchange House. In Malaysia, we have applied to own the Exchange
House exclusively while in the Kingdom of Bahrain, we have applied with a local partner.
1200 The year 2009 has been a successful year; a year during which we have placed into the
structure of the Banks remittance business under a policy. The focus has been on
strengthening the structure of the remittance business at home in the Head Quarters and
the branches and expanding the network at home and abroad by seeking established and
credible partners. We have done this successfully. In addition, we have placed the utmost
importance on a couple of other things. First, we have placed importance in establishing
the remittance business on firm IT footing. In this regard, we have worked with our
300 overseas partners and used their software for enhancing our remittance business. In this
context, we are happy to mention that officials of one of our valued correspondents visited
0 us at the headquarters before starting remittance business with us, was encouraged to
05 06 07 08 09 establish and implement their partnership after seeing our strength in IT. Another partner
in the USA with whom we have entered into an agreement to send up to US$ 500 on line
basis have established partnership with us also because of our strong IT base. We are
currently developing Southeast Banks own remittance operation software for which we
have given a contract to a local software vendor.
Our greatest satisfaction in the past year in developing and expanding Southeast banks
remittance business has been in the area of human resources. Those involved in the Banks
remittance business are today aware that majority of those who remit foreign exchange do
so under circumstances that are extremely harsh and difficult. Their beneficiaries come
from the less fortunate portion of our population. Finally, their money that amounted to
US$ 10.72 billion (through official channel) is a major factor that has fuelled the GDP
growth in Bangladesh. With these factors in mind, Southeast Bank not only attaches to its
remittance business the high priority it deserves but its officials also do their work with a
heart for those who make such tremendous sacrifices for the country. In fact, it is this
human aspect of Southeast banks remittance business that has earned it the good name in
the country and abroad that is going to help the Bank do better in this business in the
coming years.
In 2010, the remittance division, while strengthening its existing structure, will also
endeavor to open its own Exchange House in Canada, United States, UK and Qatar.
Additionally, the remittance division will also seek new partners in the remittance target

Work in Progress at a 100% export oriented

27. Foreign Correspondent Banks
Garments Industry financed by Southeast Bank The Correspondent Banking team of Southeast Bank works relentlessly to build and
expand strong correspondent network with top ranking banks of the world, so that the
international import, export, guarantees and remittance business of the customers are
handled in a most efficient and effective manner. The increase in international trade of
our bank reflects that our correspondent banking partners have strong confidence in us
which we have built over the years by keeping our payment commitments on time and
through our strong financials. We have successfully secured lines from International
Finance Corporation (a World Bank subsidiary), FMO (of the Netherlands), and Asian
annual report 2009

Development Bank to facilitate our trade transactions. As of 31st December, 2009, the
number of foreign correspondents stood at 589 banks in 95 countries of the world.

28. SWIFT Operations

Since 2000 Southeast Bank has started S.W.I.F.T. (Society for Worldwide Interbank
Financial Telecommunication) operations for smooth, reliable and secured financial
transactions to facilitate retail, corporate and trade based customers. Our SWIFT team
consists of one of the most experienced, trained and hi-tech experts available in the local
banking sector. In the last ten years, our expert SWIFT team has introduced many
innovative features in its existing SWIFT system to smoothen and expedite the operation
of SWIFT in the bank so that our foreign exchange transactions and payment processing
can be handled in most accurate and efficient manner resulting in high customer
satisfaction. In the last quarter of 2009, Southeast Bank SWIFT section introduced three
tier SWIFT connectivity services so that all branches are hooked up with SWIFT
connectivity uninterrupted all the time.

29. Treasury Operations and Fund Management

Southeast Banks Treasury Operation is carried out to manage both local and foreign
currency fund in the growing business need of the bank. Treasury operation is also
responsible to measure and minimize the risk associated with Banks foreign exchange
exposure, liquidity, interest rate, asset liability management and overall fund management
of the bank. The department has effectively played its role in determining the direction of
the markets, through different modern business techniques and sophisticated technological
Mahbubul Alam, Managing Director, is seen
support. Besides, our treasury team has also managed all the regulatory requirements like conducting Banks Half Yearly Managers
maintenance of CRR, SLR etc in an efficient manner. Conference-2009 on July 25, 2009.

Due to recent global financial crisis, all the major currencies, commodities and equities
around the world were highly volatile especially during the middle of the year 2009.
Interest rate of the market came down significantly from March 2009. In this
circumstance, the main emphasis of our treasury was to maintain adequate risk
management for the bank. Our Treasury Department managed the fund effectively and
was able to manage all the associated risks in the volatile interest rate and liquidity scenario
successfully. Treasury department offered best possible services to its customers and

The Foreign Exchange desk handled significant amount of foreign currencies throughout the
year with a reasonable spread through its widespread branch network. The FX desk handled a
total of USD 2,030.00 million in 2009 which is 21.62% higher than the year 2008. In
addition to that, our treasury department as a profit center generated an operating income of
Tk. 417.39 million in Foreign Exchange operations, Tk.1,817.17 million in Money Market
operations and Tk.416.99 million in Government Security trading operations in aggregate
which is 62.22% higher than that of 2008. The Bank adopted a customer-oriented service
policy and developed diverse products to meet the needs of corporate, commercial and retail
customers for better fund management and optimum return.

30. Asset Liability Committee (ALCO)

A partial view of a modern composite Knit Industry
financed by Southeast Bank Limited.
As per Bangladesh Bank guideline, the Bank has a fully functional Asset Liability
Committee (ALCO) for prudent balance sheet risk management. The committee consists
of the Managing Director as the Chairman of the committee, Deputy Managing Director
and strategically important Divisional Heads of Head Office. The meeting of the Asset
Liability Committee is held every month. The committee reviews interest rate risk and
liquidity risk of the bank and takes necessary steps to mitigate those.

31. Money Market Scenario in 2009

The Bank actively participated in the money market transaction in the year 2009. Due to
annual report 2009

the economic recession, sluggish credit growth was observed in the economy that resulted
in a huge liquidity surplus in the inter bank market. As a result, call rate experienced a

decreasing trend in the money market for most of the period in 2009. Bangladesh Bank
also reduced the repo and reverse repo rate to 4.50% and 2.50% respectively in 2009

Board's which were previously 8.50% and 6.50% respectively. At the same time, Bangladesh
Bank adopted Expansionary Monetary Policy and as a result, the inter-bank call rate
Report went fairly low and reached the historic low at 0.10%. From the beginning of the
month of April 2009, return on the government treasury bills and treasury bonds
started falling sharply. Our bank actively participated in the money market and was
able to minimize the interest rate risk, liquidity risk and maximize profitability. Bank
also actively participated in the secondary transactions of govt. securities as a Primary
Dealer and earned a substantial amount of profit from trading activities of the same.

32. Offshore Banking Unit (OBU)

Southeast Bank started its Offshore Banking operations in Dhaka EPZ from 30th
December, 2009. In order to cater to the finance and banking needs of 100% foreign
owned industries in Dhaka Export Processing Zone (EPZ), the non-resident
Bangladeshis working abroad and the non-resident foreign institutions, Our OBU aims
to provide banking products such as Savings / Current / Term Deposits / Loans and
Advances (Working Capital Finance) and Export Bills discounting facility subject to
approval from Bangladesh Bank.
Deputy Managing Director, Southeast Bank Limited
is seen receiving best IT user award from Architect
Yeafesh Osman, Honble State Minister, Ministry of 33. Information Technology
Science and Information and Communication
Technology awarded by Bangladesh Association of The bank has taken number of major initiatives to modernize its IT infrastructure,
Software and Information Services for using and notably implementation of Core Banking Software (CBS), modernization of Wide Area
promoting locally developed Core Banking System
Network (WAN) infrastructure, establishment of Data Center (DC) and Disaster
Bank Ultimus for the year 2009.
Recovery Site (DRS). Under the modernization initiatives of IT infrastructure, the
bank has rolled out a centralized web based solution for its CBS known as
BankUltimus. The BankUltimus is a web based banking system which is bundled with
worlds most modern and reliable relational database Oracle and secured UNIX
operating system called Sun Solaris. The system has got many modules to cater newer
services and introduction of newer products with minimum lead time. The system
allows integration with the multiple channels and interfaces such as ATM, Internet
Banking, Mobile Banking, SWIFT, Call Center etc. thus, expanding customer
preferences while making banking transactions.
The system has got extensive audit trails making it more compliant with the directives
of Central Bank. This has got interface to extract data for Central Bank reporting,
including reports for BASEL-II. The extensive MIS of the software helps management
in decision making process. One of the most important features of the system is that it
has got both Traditional and Islamic module running on the same system. The Islamic
Banking module is completely Islamic Shariah complaint and follows the Islamic
Banking Guidelines of Bangladesh Bank.
Wide Area Network has been established using state-of-the-art active devices such as
switches, routers, firewall, intrusion detection and protection system from Juniper
View of a Crocodile at the Reptiles Farm established Networks, USA and Network Management Software (NMS) from Computer Associate
by the Banks finance. (CA), USA. The connectivity infrastructure is based on blending of Fiber, Radio and
VSAT links to ensure high availability. The Bank has recently completed
implementation of its state of the art Data Center (DC) at Bank's own premises located
at Eunoos Center at Dilkhusha Commercial Area and DRS at Uttara following the
standard set out under the tier III of Uptime Institute.

34. Human Resource

Human resource is the prime and single most valuable asset for a financial institution like a
bank to attain its ultimate goal. Keeping this idea in mind, the Bank has adopted a
annual report 2009

comprehensive human resource policy as regards recruitment of employees, acquiring their

services, developing their skill, motivating them to perform with excellence, maintain high

morale and ensuring that they remain committed and devoted to the organization to achieve
organization objectives. An organization requires competent managers and employees
coordinating their efforts towards achievement of grand success. To ensure this need, Human
Resources Division of Southeast Bank developed the finest team with full of competence in
banking in the last fifteen years. It provides an excellent working environment for the
employees to improve their team spirit, work excellence and creativity.

The Bank follows a structured recruitment policy based on qualifications and merits for
fresh and experienced job aspirants. They are recruited in the Bank through a rigid but
transparent process and the best are screened out from the bulk candidates. The division
tirelessly gives full efforts that the right number and right kind of people are in the right
places at the right time, capable of efficiently and effectively completing those tasks which
help the organization to maintain good asset quality and fulfill the conditions of the
regulatory authority. Total manpower strength of the Bank as on December 31st 2009 stood
at 1402 of which 113 were executives, 1141 were officers and 148 were subordinate staff.
The bank recruited total 277 employees of which 63 were experienced bankers and 214 were
fresh entrants in the year 2009. The Bank also promoted 178 officers during the year

The division took massive initiative to train its manpower in the year 2009 to equip
themselves with the techniques of modern banking. Total 107 Nos. of training, workshops,
seminars were held at our own training institute as well as in BIBM and other Govt and
semi Govt institutes. The Bank also accommodated 181 interns for doing internship
programme from different Universities of the country. Attracting and retaining quality
Resource Person and Banks Participants at the
human resource is the most important aspect of Human resource policy. In this regards, workshop on Capital Adequacy and Basel-Il
Southeast Bank is generous enough to declare a good amount of bonus as incentive in every Implementation at Banks Training Institute.
year. Employees of the Bank also enjoy working in a workplace which is comfortable,
flexible and rewarding. To ensure social security, the Bank has implemented the policy of
gratuity, contributory provident fund, encashment of unavailed leave etc. The Bank takes
good care of their health and safety. The Human Resources Division of the Bank also takes
appropriate and needful timely action in respect of disciplinary case as soon as it occurs to
maintain discipline in the Bank.

35. Internal Control and Compliance

The Bank is committed to establish Internal Control and Compliance standards and
Internal Control best practices in its day to day operations that define the minimum level of
quality acceptable for Internal Control System. The management of the Bank proactively
reviews, monitors and follows-up the compliance with prescribed internal control policies.

Internal Control and Compliance Division of the Bank looks after the task of implementing
Internal Control and Compliance standards of the Bank. They also identify the functional
processes of the Bank at potential risk for internal control failure. The external auditors also
review the system of Internal Control and Compliance of the Bank to assist the management
in assessing its risk tolerance through the identification of existing or potential Internal
Control and Compliance weaknesses within its operations.

36. Products and Services

View of a sophisticated chemical industry financed by
Offering customers with diversified products and services is one of the major goals of the the Bank.
Bank. In implementation of this, the Bank launched a new deposit product named
Millionaire Deposits Scheme (MDS) in 2009 to extend its deposit product base. All
application forms of various products and services were modified as per the guideline of
Bangladesh Bank for customers convenience. The Bank also opened ten new branches and
ten SME centers in 2009. The Bank also introduced SEBL Travel Card, Merchant Banking
etc. to diversify product base and validated special scheme products with the changes of time
annual report 2009

catering to clients needs.

37. Budget and Budgetary Control

Board's The Bank follows bottom up planning approach in the preparation of annual budget and
initially invites draft proposals on different budgetary items including deposits, advances,
Report profitability, and businesses from the Branches. The draft budget estimates are then
prepared by the Head Office Management and reviewed/finalized in the Business Policy
and Managers Conference. After approval in the meeting of the Board of Directors,
Banks budget is implemented. The Bank Management puts constant efforts throughout
the year for achievement of the budget. It periodically reviews the variances and the
progress towards achieving the budgetary goals.

38. Analysis of Income and Expenditure Statements

A brief analysis on Banks income and expenditure in 2009 is given below:

Interest Income
For the year 2009 interest Income of the Bank was Tk.8,962.09 million as against
Tk.7,530.74 million of the previous year, thus recording a growth of 19 percent. The
income growth generated mainly from Loans and Advances which remained the main
The 56th Branch of the Bank at Progati Sarani,
Dhaka was opened by Chairman Alamgir Kabir, FCA
on December 24, 2009. Interest Expenses
Total Interest Expenses in 2009 was Tk.7,843.24 million as against Tk.6,210.70 million
of 2008, posting an increase of 26 percent .

Net Interest Income

The net interest income of the Bank for the year 2009 stood at Tk.1,118.86 million
against Tk.1,320.04 million of the previous year.

Investment Income
In 2009, Banks income from investment was Tk.2,903.05 million as compared to
Tk.1,279.96 million of the previous year. Income increased by Tk.1,623.09 million
registering a growth of 127 percent. Investment income consists of interest earned on
Growth in Total Assets treasury bills and bonds and dividend received from shares.

Taka in Million Other Income

In the year under review, commission, exchange and brokerage earnings increased to
Tk.1,644.23 million from Tk.1,264.28 million of 2008, an increase of 30 percent. This
was due to enhanced trade related fee based activities.
Operating Expenses
In the year under review, total operating expenses stood at Tk.1,244.56 million as against
Tk.1,026.85 million of previous year, thus, registering an increase of 21 percent.

39. Asset Portfolio
As on 31st December, 2009, the total assets of the Bank stood at Tk.112,676.98 million.
The break-up of the total assets are given below:
05 06 07 08 09
Taka in Million
a) Cash and Cash Equivalent 7,332.41
b) Investments 21,350.23
c) Loans and Advances 77,497.57
d) Fixed Assets 4,338.34
e) Other Assets 2,158.43
annual report 2009

TOTAL : 112,676.98

40. Adoption of IAS and IFRS

International Accounting Standard (IAS) and International Financial Reporting System

(IFRS) have been adopted by Institute of Chartered Accountants of Bangladesh (ICAB),
Bangladesh Bank and Securities and Exchange Commission (SEC). This standard and
reporting system have been complied by our Bank in the preparation of the Financial

41. Our Contribution to the National Exchequer for the last 5 years
The Banks contribution to the National Exchequer was Tk.1475.33 million during the
year 2009. Our contributions to the National Exchequer for the last 5 years are given

Year Amount
(Taka in million)
2009 1,475.33 View of a high-tech Cotton Industry financed by the
2008 1,247.75 Bank.

2007 1,185.64
2006 883.00
2005 543.27

42. Year-wise Operating Income for last 5 years

The Bank earned an operating income of Tk.5,859.21 million during the year 2009 from
Net Interest Income, Income from Investment, Commission, Exchange and brokerage and
other Operating Income. The operating income of the Bank during the year 2008 was
Tk.4,039.43 million. The operating income posted 45 percent growth in 2009. The
operating income for the last 5 years are given below:

Year Amount
(Taka in million)
2009 5,859.21
2008 4,039.43
2007 3,817.97
2006 2,721.48
2005 2,046.90

43. Year-wise Lending for the last 5 years View of a 100% export oriented ready made garments
industry (RMG) financed by the Bank.
The total lending of the Bank stood at Tk.77,497.57 million as on 31st December , 2009
as against Tk.60,281.26 million in the previous year showing an increase of 29 percent.
The total lending for the last 5 years are given below:

Year Amount Growth

(Taka in million) Rate
2009 77,497.57 29%
2008 60,281.26 25%
2007 48,164.60 17%
annual report 2009

2006 41,147.28 26%

2005 32,551.09 48%

44. Growth of Operating Profit for Last 5 years
The Operating Profit of the Bank stood at Tk.4,614.66 million in 2009 as against Tk.3,012.58
Board's million of the previous year. The Operating Profit for the last 5 years are given below:
Year Amount Growth
( Taka in million) Rate
2009 4,614.66 53%
Growth in 2008 3,012.58 3%
Operating Profit 2007 2,916.20 41%
2006 2,062.66 40%
Taka in Million 2005 1,473.44 82%

45. Year-wise Return on Equity for last 5 years

During the year 2009, Return on Equity (ROE) of the Bank was 16.51 percent as against
12.06 percent of the previous year. The percentages of Return of Equity for the last five
years are given below:

Year Percentage (%) of RoE
2009 16.51%
2008 12.06%
2007 19.90%
2006 17.98%
2005 17.64%
05 06 07 08 09

46. Provision for Income Tax

The provision for Income Tax of the Bank for the year 2009 was Tk.1,581.58 million
against Tk.1,267.59 million of the previous year.

47. Net Profit before Tax and Provision

The Bank earned Net Profit of Tk.4,614.66 million during the year 2009 before making
any Provision for Bad and Doubtful Debt, Provision for Off -Balance Sheet Exposures,
Taxes etc. including General Provision on Unclassified Loans and Advances as against
Tk.3,012.58 million of the previous year, thus, posting an increase of 53.18 percent.

48. Net Profit after Provision and Income Tax

The Bank earned Net Profit Tk.1,870.19 million during the year after making Provision
for Bad and Doubtful Debt, Provision for Off -Balance Sheet Exposures, Taxes etc.
including General Provision on Unclassified Loans and Advances as against Tk.887.24
million of the previous year, thus, posting an increase of 110.80 percent.

Meritorious offspring of the employees of the Bank 49. Year-wise Net Profit for the last five years
were given cash rewards for their brilliant results in
public examinations. Net profit of the Bank stood at Tk.1,870.19 million as on 31st December, 2009 as
against Tk.887.24 million in the previous year showing an increase of 110.80 percent.
The total lending for the last 5 years are given below:

Year Amount Growth rate

(Taka in million)
2009 1,870.19 110.80%
2008 887.24 - 27.41%
2007 1,222.97 34.41%
annual report 2009

2006 909.88 143.15%

2005 374.20

50. Operating Results

The Bank earned an operating profit of Tk.4,614.66 million during the year before making
any Provision for Bad and Doubtful Debt, Provision for Off-Balance Sheet Exposures,
Taxes etc. including General Provision on Unclassified Loans and Advances. The operating
profit of the Bank during the year 2008 was Tk.3,012.58 million and thus the Bank
attained growth of 53.18 percent. The Bank achieved growth of 41 percent, 29 percent, 20
percent, 11 percent and 56 percent respectively in deposit mobilization, loans and advances,
imports, exports and foreign remittance respectively.

51. Statutory Reserve

The Bank transferred to Statutory Reserve Tk.690.35 million as 20 percent of the profit
after provisions before tax and dividend during the year as per Section 24 of the Bank
Company Act, 1991. The total amount of Statutory Reserve stood at Tk.2,665.60 million
as on 31st December, 2009.

52. Customer Service

The 51st Branch of the Bank at Rajshahi City was
In the backdrop of changing and globalized banking scenario, the Bank has evolved a opened by Mahbubul Alam, Managing Director, on
15 October, 2009.
conducive organizational structure to promote appropriate marketing approaches to face
the new challenges and stay in the competition. The restructuring of Marketing Division
organogram focuses on customer centric approaches to increase brand loyalty of SEBL as a
business friendly Bank. The Bank envisages conducting of marketing promotional
activities and establishes Brand marketing through Customer Service, CSR, Event
Management, Product Diversification, Positioning, Repositioning etc. This promotes
establishing long term profitable relationship with the clients, providing total solutions to
customer problems and ultimately adds value to the Bank by way of creating a win-win
situation both for the client and the Bank.

Customers are our first priority and our all endeavors are directed to meet their
requirements. It is our motto to provide superior quality customer service through the
integration of the latest state-of- the-art technology and to fulfill the requirements of our
customers with skill, creativity and passion. We are proud to have satisfied customers from
every strata of society-Corporate, Small and Medium Enterprises (SMEs) and Retail
Customers. We meet the demand of all segments of customers, men and women,
professionals and businessmen, residents, non-residents, public servants entrepreneurs,
homemakers, builders, etc. We have tailored, designed and validated our products and
services, which can meet the demand of all our valued customers. We have introduced the
diverse range of products and services to cater to the needs of all our valued clients both
asset and liability products, retail products, internet banking, SMS banking, online
banking, Capital Market Services (CMS). We are offering our corporate customers a wide
range of banking products and financial solutions to meet their everyday business needs
which include Corporate Credit Products, Treasury Products, Foreign Trade support, A Shipyard financed by the Bank is in full operation.
Project and Syndicated Loans etc.

53. Research and Development (R&D) and Training

The Bank has successfully completed 15th year of banking operation with a network of 56
Branches and 10 SME Centers recording significant growth in deposit, business and
profitability. In order to consolidate the present position and maintain sustained growth
objectives, the Bank gives utmost importance in making continuous investment in Research
and Development (R&D) and Training to optimize its financial performance keeping
socio- economic priorities in mind. In the backdrop, the Bank has decided to establish a
separate Research and Development (R&D) division at head office to make continuous
research and economic forecasts / analysis on the macro-economic variables so that
annual report 2009

operational efficiency is achieved at all levels and excellence in customer service and brand
image are increased in the competitive banking scenario by appropriately addressing upon
risk management principles.

During the year 2009, Southeast Bank Training Institute conducted 43 training programs which were participated by
1,705 officers of the Bank as against 41 training courses with 1,513 participants in 2008. The particulars of internal
trainings arranged in 2009 are mentioned as under:

Sl. No. Training Course/Workshop/Seminars Year 2009

Frequency Number of Participants
1 Foundation Training Course 4 165
2 Credit Risk Management 1 43
3 Credit Risk Grading 1 43
4 Management of NPL & Recovery 1 38
5 Asset Liability Management 1 35
6 Foreign Exchange Risk Management 1 35
7 Foreign Remittance 4 137
8 Internal Control and Compliance 1 35
9 Anti - Money Laundering 9 318
10 ICT & Bank Ultimus Core Banking System 6 274
11 Clearing Automation & MICR Technology 1 42
12 Basel- II and its Implementation 3 126
13 Credit Card and Travel Card Operations 1 20
14 Deposit Management & Clientele Service 1 21
15 Bangladesh Bank Returns SBS - 1, 2 & 3 3 138
16 SWIFT Operations 1 45
17 HO General A/C Reconciliation 1 31
18 Product Marketing and Customers Service 1 52
19 Other Banking Related Trainings 2 107
Total Internal Training : 43 1,705

Besides Internal Trainings, the Bank sent a total of 110 executives and officers in different external training courses both at
home and abroad. The particulars of external trainings are mentioned as under:

Sl. No. Training Course/Workshop/Seminars Year 2009

Frequency Number of Participants
1 Different Banking Related Training Course/ 20 39
Workshops (namely on Credit, Fex, General Banking,
Risk Management, Asset- Liability Management,
UCPDC-600, SMEs Financing, Project Appraisal,
International Trade) conducted at BIBM.
Training Course/Workshops/ Seminars conducted at 38 63
different training institutes of the country other than
BIBM. (namely at BB Training Academy, BAFEDA,
SEC) on Basel, Islamic Banking, AML, SWIFT,
Core Risk Management, CIB etc.
Training Courses/ Seminars/ Workshops at abroad 6 8
Total : 64 110

54. Risk Management of the Bank

Our Bank has an integrated risk management strategy that can create the transparency we are looking for. This approach
makes it easier to understand, control and optimize the Banks financial risks and opportunities. It can also help detect,
annual report 2009

prevent and mitigate different risks in Banking Industry. It enables the Bank for regulatory compliance, secured

information sharing and enhanced risk awareness as well as to embed all the policies and
procedures adopted by the management in business process for more effective governance
and control of the Bank. An elaborate report on Banks Risk management is shown at Page
No. 76.

55. Merchant Banking Operations

After getting approval from Securities and Exchange Commission on 6th April 2009,
Merchant Banking operation of Southeast Bank Limited started from 11th August 2009 with
the object to provide quality services to the prospective institutional and individual investors
in the capital market. In today's diverse and unpredictable economy and global financial
crisis, the need of a sustained profit plan and long term growth strategy have become essential Portfolio
for both individuals and corporate bodies. Merchant Banking operation principally involves Management
providing financial services and advice to the prospective investors. In this perspective, Private
Merchant Banking Wing (MBW) rendered services in the capital market as shown in the Placement
graph aside:

The Merchant Banking Division of the Bank has made remarkable progress within this short
period of time and is presently serving customers needs by providing prevalent services.
Some key achievements from merchant bank operation within this short period are given Underwriting
below: of Share

Net profit from MB operation reached Tk.45.00 million in 2009;

Ratio of funded and non funded income was 79:21;
Customer base increased to over 400;
Portfolio size was about Tk.3,200.00 million;
Daily average transaction volume was over Tk.100.00 million;
Investors awareness program was arranged;
Emphasized training and development of our staff on various capital market and
investment issues;
Increased staff number for providing additional service to our clients;
Provided finest services to our customers such as telephonic trading services, portfolio
and transaction statement sent to client through e-mail, loan margin facility, counseling
with clients, fundamental and technical analysis of securities;
Assist client for IPO application, right share, bonus share, pre IPO placement, dividend Accumulated net profit growth trend (Mn)
collection and distribution , online transaction service etc;
Setting up a separate department for internal control and compliance with adequate 50

manpower and arranged proper training to the employees in this respect;

Complied with the rules, regulations and directives given by Securities and Exchange
Commission, Dhaka Stock Exchange and Bangladesh Bank; 30
Enlisted 4 institutional brokers for daily trade;
Clients are able to trade in Dhaka and Chittagong Stock Exchange at once;
We made reasonable profit from Merchant Bank Operation during the five months
operation in the year 2009. Net profit growth trend during the period from August to 0
Aug Sep Oct Nov Dec
December 2009 is shown in the graphs aside.
Accumulated net profit trend
In coming days, SEBL will focus on product variants for its different customers segment in Merchant Banking
and would enhance its services to different important locations. As a part of this
programme, SEBL will launch six new branches at Dhaka, Chittagong and Sylhet very
soon. This will enable us to offer our valued investors extensive networks distribution and
explore opportunities to strengthen the return of their investment. To make confidence and
reliability on database, centralized software would be maintained in the Head Office. We
annual report 2009

are also planning to capture a significant market share and will proactively arrange some
training sessions to train up and alert general investors which will lead to mitigate customer
investment risk and help to maximize net wealth.

The position of Month-end value of Portfolio compared with the net profit of the Wing is
Portfolio Value Vs Accumulated net profit shown in the graph aside.
trend in Merchant Banking (in Mn)
45 56. Islamic Banking
12 The Bank started its Islamic Banking Operations on July 28, 2003. The Bank opened 03
3,250 3,257
(three) Islamic Banking Branches in the year 2003 and 02 (two) Islamic Banking Branches
in the year 2004. At present, the Bank has 05 (five) Islamic Banking Branches out of total
56 branches, 10 SME Service Centres and 1 offshore Banking Unit. To further streamline
Islamic banking operations of the Bank within the purview of Bangladesh Bank BRPD
Circular No. 15 dated November 09, 2009, the Islamic Banking Wing of the Bank has
561 already been converted into a full-fledged Islamic Banking Division from December 27,
2009. A separate account with Bangladesh Bank for maintaining CRR/SLR of Islamic
Aug Sep Oct Nov Dec banking fund of the Bank has also been opened to comply with the guidelines of
Portfolio value (Mn)
Bangladesh Bank.
Accumulated net profit trend
The Bank provides all kinds of Islamic Banking services to the customers within the
provisions of the Bank Company Act 1991, Bangladesh Banks Directives and the
principles of Islamic Shariah. The funds and accounts of Islamic banking branches are
completely separate from those of the conventional ones. The bank is maintaining a
separate set of accounts for Islamic Banking Branches. Fund deposited by the depositors
with the Bank under Al-Wadeeah and Mudaraba principles and profit accrued from
different modes of investment and financing i.e.Mudaraba, Hire Purchase (under
Shirkatul Melk), Murabaha, Bai-Muajjal, and Bai-Salam are distributed amongst the
depositors and the bank ensuring a reasonably fair rate of return on deposits based on
weightage of individual product and complying Shariah norms. As on December 31,
2009, the deposit and investment of Islamic Banking Branches were Tk.10,307.54
million and Tk.4,842.20 million showing growth of 57% and 66% respectively. During
the period 2009, total import and export business handled were for Tk.1,890.81 million
and Tk.1,723.11 million respectively recording significant growth. Non Performing
Investment of Islamic branches was only 0.64% of their total investment in 2009.

There is a Shariah Supervisory Board in the Bank which oversees and guides Islamic
Banking operations of the bank based on Shariah requirements. Leading Islamic scholars
of the country well versed in Shariah concerning Islamic Banking operations are on the
Banks Shariah Supervisory Board:

Under the guidance of Shariah Supervisory Board, the bank designed all deposits,
investment products and services and formulated policy guidelines and working procedure
for Islamic banking operations. The performance of our Islamic Banking Branches during
the year 2009 as reflected in its Balance Sheet and Profit and Loss accounts is shown at
Page No. 134.

57. Credit Card Operations

Hulls for a new ship are being built at a Shipyard
Since its inception in 2005, SEBL Card Division has been maintaining sustained growth
financed by Southeast Bank Limited.
in spite of consistent increase of competition due to advent of a good number of banks in
the business and our perpetual compromise with fees and charges to remain competitive.
Amid stiff competition, we have managed to book a net profit of Tk.33.43 million in
2009 which projects 40% growth over the last years profit. This growth is reasonable but
our endeavor is to make it phenomenal.

We are always in the process of attributing new features to our product to retain the
existing customers and attracting the potentials. After successful introduction of SMS
annual report 2009

Push-Pull service to trigger transaction alert, balance enquiry and other status of card
accounts, we have introduced Card Cheque facility which has become very popular.

We have been observing the increasing demand of a Card that has replaced Cash and
Travelers Cheque for travel abroad. Besides, we found it necessary to provide continued
services to our customers without any disruption arising due to cessation of sales of
American Express Travelers Cheqeue. We, therefore, have designed another product
namely Travel Card. Timely introduction of Travel Card has earned our customers
Our next initiative is to introduce Debit Card and installation of ATM Booths at the
branches and connect with major players in the market. Introduction of Debit Card will
facilitate cash withdrawal and purchase for our customers round the clock in about 1000
ATMs and 1800 business outlets all over the country. This new product will increase
innovative image of the bank as well.

58. Branch Expansion Program

The Bank is presently operating with 56 Branches including 5 Islamic Banking Branches,
14 Rural Branches. The Bank also opened 10 SME Service Centers at important business
centers of the country and 1 Off-shore Banking Unit at Dhaka EPZ. The Bank has
achieved highest per branch profit in 2009. To cater to the increasing demand of the
clientele, the Bank plans to open 10 more Branches and 10 SME Branches in 2010 in
important hubs including non-urban growth centers to contribute to the national
A view of a ship breaking yard financed by the Bank.
economy subject to obtaining licence from Bangladesh Bank.

59. Credit Rating on the Bank

Name of
the Rating Particulars Long Term Short Term Remarks
Entity A+ ST-3
Based on
Rating Single A Plus Good Grade
(Adequate Safety)
Credit Bank/Financial Good certainty of Statements
Rating Institutions rated in this timely payment. as of 31
Information category are adjudged to Liquidity factors December
and Services offer adequate safety for and company 2008 and
Limited timely repayment of fundamentals are is valid up
(CRISL) financial obligation. This sound. Although to April 5,
level of rating indicates a ongoing funding 2010 for
corporate entity with an needs may enlarge the long
adequate credit profile. total financing term.
Risk factors are more requirement,
variable and greater in access to capital
period of economic stress markets is good.
than those rated in higher Risk factors are
categories. small.
Reporting Date: April 06, 2009 A partial view of a sophisticated edible oil
manufacturing plant established by Banks finance.
The task of the Credit Rating on the Bank for the year 2009 has been assigned to Credit
Rating Information Services Limited (CRISL). They have not yet finalized the report.
Their report shall be disclosed in print media and to the regulators as soon as it is

60. Corporate Governance

One of the basic policies of the Bank is to strengthen its corporate governance status by
establishing responsible management system and strengthening supervision. Efforts are
also being geared up to improve the transparency and accountability of the management.
annual report 2009

While putting efforts to achieve corporate objectives, Southeast Bank gives top priority to
establishing corporate governance standard at all levels and in all units.

The Bank has also implemented the requirements contained in Securities and Exchange
Commission Notification No. SEC/CMRRCD/2006-158/Admin/02-08 dated February

Board's 20, 2006. A comprehensive report about corporate governance scenario of Southeast Bank
Limited is given at Page No. 69.
61. Appointment of Statutory Auditors
In the 14th Annual General Meeting of the company, M/S Hoda Vasi Chowdhury and
Co. was appointed External Auditors of the Bank for the 3rd term till conclusion of the
next Annual General Meeting. As per BRPD Circular No.12 dated July 11, 2001 of
Bangladesh Bank, they are not eligible for re-appointment. Obviously, a new Auditor shall
be appointed by the shareholders in the 15th Annual General Meeting.

62. Dividend
The Bank focuses on the principles of sharing good achievements with the respected
Shareholders. Accordingly, the Board of Directors recommends 35 percent Stock Dividend
(Bonus Share) for the year 2009. The Banks priority is to increase shareholder value by
enhancing the overall earnings of the Bank.

An outside view of a medical college and hospital

63. Election of Directors
financed by Southeast Bank Limited.
In terms of Article 105 (i) of the Articles of Association of the Bank, one-third (1/3rd) of
the Directors for the time being or if their number is not three (3) or multiples of three (3)
then the number nearest to one-third (1/3rd) shall retire from office. But they are eligible
to re-election.

64. Corporate Social Responsibility

Southeast Bank manages its business in a responsible way and contributes to the society
and environment in which it operates. A report on Corporate Social Responsibility of the
Bank in 2009 is given at Page No. 80 of this Annual Report.

65. Outlook 2010

Despite the volatility and uncertainty in the global economy, our bank has obtained a
significant growth in operating profit and other financial indicators in 2009 over 2008. In
the coming year, we envisage a better growth for our bank and affirm our commitment to
continue providing the best quality service to our clientele while earning sustainable profit
for our stake-holders.
We visualize ourselves as the catalyst for the success of our customers. In 2010, we wish to
enhance our focus in corporate banking through facilitating the import and export trade of
our clients by offering innovative and value added trade solutions for them and through
increasing our correspondents network internationally.

A partial view of a modern sugar manufacturing plant Small and medium enterprises play a vital role in the rural economy of our country.
financed by Southeast Bank Limited.
Through our recently opened 10 SME Centers nationwide, we aim to play an exemplary
role in financing the SME sector and hence contribute to the improvement of quality of
life for the rural population of the country.
In order to provide top quality service and products for the large retail customer base,
Southeast Bank is continuously developing ways to create innovative and value added
products and services for the retail market. In 2010, our Bank targets to enhance its retail
customer base by offering highest level of customer satisfaction. For this, Southeast Bank
has already strengthened its IT Platform by introducing centralized core banking system in
all of its branches. Expansion of ATM network, introducing new savings and retail lending
annual report 2009

products and electronic based banking are the priority areas for our bank to serve the retail
customers in 2010.

We always feel that it is part of our Corporate Social Responsibility to participate in the
socio-economic development of the Country. In 2010, we wish to be the active partner of
the Government in its various development projects. Southeast Bank has already signed
agreement with Leather Sector Business Promotion Council for developing a dedicated
credit line for financing the artisans of the Leather Sector. We are keen to participate in
the Power Generation, Infrastructure Development Projects (i.e, Roads and Highways)
and Dredging projects of the Government (for which approximately USD1.6 billion has
been pledged by the Government) to increase the navigability of the major rivers of the

With the mandatory introduction of BASEL-II accord in 2010, Southeast Bank is strongly
committed to strengthen its Risk Management activities and to introduce total
compliance in all of its operations so as to keep pace with the changing banking scenario
of Bangladesh. We firmly believe that by practising effective risk management, we can
minimize our exposure to the volatilities and risks factors present in the banking arena and
develop ourselves as an admired and complaint bank in 2010. In 2010, we are looking at a
long term approach aiming to sustainably enhance the worth of our company using our
valuable human resources, backed by state of the art technology and strong compliance

66. Acknowledgement

The Board expresses gratitude to the Almighty Allah for the success of the Bank in 2009.
The Board extends thanks to the valued customers, patrons and well-wishers for their
continued support and co-operation to the Bank. The Board also places on record
appreciation for the Senior Management Team, all Executives and other members of the
Staff for their dedicated services to the Bank. The Board offers sincere thanks to the
Government of Bangladesh, Bangladesh Bank, Securities and Exchange Commission,
Registrar of Joint Stock Companies and Firms, Dhaka Stock Exchange Limited and
Chittagong Stock Exchange Limited for their appreciable support and co-operation to the
Bank. The Board also expresses appreciation to M/S. Huda Vasi Chowdhury & Co., the
Auditors of the Bank, for their efforts for timely completion of Audit and preparation of
Financial Statements. The Board of Directors also acknowledges both the print and
electronic media personnels for extending media coverage to Banks different activities and

Finally, the Board felicitates the respected Shareholders and assures them that it will
continue to add to the Shareholder Wealth through further strengthening and
development of the Bank in which they have placed their trust and confidence.

On behalf of the Board of Directors.

Alamgir Kabir, FCA

annual report 2009

kKrYJujJ kwtPhr kKfPmhj
Kk~ v~JrPyJJrmO,

xJCgA mqJPTr 15fo mJKwtT xJiJre xnJ~ mqJPTr kKrYJujJ kwth IJkjJPhr xJhr xJwe \JjJP Fm KjrLPTr kKfPmhjxy
mqJPTr 31v KcPxr 2009 A fJKrPU xoJ KyxJm mZPrr kKfPmhj IJkjJPhr xJoPj CkJkj TrPf kPr IJjPmJi TrPZ

01. Kmv IgtjLKfr VKf kTKf

FKv~Jr IgtjLKfPuJr kmOKr xMmJPh Kmv IgtjLKf IJKgtT oJmJ gPT mKrP~ IJxPm Fm 2010 xPj WMPr hJzJPm mPu IJvJ TrJ
yP KvPJjf hvPuJr oPiq oJKTtj pMrJPsr IJKgtT UJf Fm vso mJ\Jr KKfvLu yS~Jr AKf KhP ImJhOP oPj yP
oJKTtj pMrJs F mqJkJPr ACPrJk gPT FKVP~ gJTPm ACPrJPkr C mTJrPfr yJr fJr kMjJrPT KmKWf TrPf kJPr
IJ\tJKfT Igt fyKmu (IJAFoFl) Fr S~Jt APTJjKoT IJCauMT' Fr metjJ oPf, IPjTJPv nJrf S YLPjr of IVxroJj
IgtjLKfPuJr kMjJPrr luvsKfPf Kmv IgtjLKf 2010 xPj 3.1% kmOK I\tj TrPm mPu IJvJ TrJ pJ~ 2009 xPj IJAFoFl
KmPv IgtQjKfT kmOK 1.1% yJx kJPm mPu IjMoJj TPrKZu \JKfxWS IJvJ TrPZ p Kmv IgtjLKf 2010 xPj kmOK I\tj TrPm
fPm xfTt TPr KhP~PZ p, F kMjJr yPf kJPr hMmtu IJAFoFl Fr oPf, 2010 xPj Kmv IgtQjKfT kmOK IPjTJPv Kjntr TrPm
FKv~Jr Ckr YLj S nJrPfr kmOK pgJPo 9.00% S 6.4% yPf kJPr \JkJPj 2009 xPj IgtQjKfT TotTJ oJaJoMKanJPm
5.4% yJPr xPTJKYf yPf kJPr fPm IJKgtT kPeJhjJ Fm rJjL KTZMaJ mOKr xMmJPh 2010 xPj 1.7% kMjJr kfqJKvf oJKTtj
IgtjLKf 2009 xPjr \MuJA-xPr kJKPT kmOKr iJrJ~ KlPr FPxPZ
16- \JKf xoKjf ACPrJP\Jj KfL~ KmvpMPr kr xmPYP~ n~Jmy IJKgtT oJ TJKaP~ CPbPZ 2009 xJPur ffL~ oJKxPT, TJre
\JotJjL Fm lJPr rJjL VOyJuLr mq~mOKr IKjJ\Kjf Kf KTZMaJ kMKwP~ KhP~PZ F Iu If IJKgtT oJ gPT mKrP~ FPxPZ
Fm 2010 xPj JnJKmTnJPmA 1.5% nJV kmOK I\tj TrPf xogt yPm \JotJj IgtjLKf 2010 xPj 1.6% ksmOK I\tj TrPf kJPr
mMPxmqJT (\JotJj TsL~ mqJT) iJreJ TrPZ p, 2010 xPj kmOKPf KlPr IJxJr kNPmt 2009 xPj \JotJj IgtjLKf 4.9% nJV
xPTJKYf yPf kJPr msJK\u S oKPTJr jfPf uqJKaj IJPoKrTJ IJKgtT oJ gPT 2010 xPj mKrP~ IJxJr ImJPj rP~PZ
oiqkJPYq oJa hvL~ CkJhPj (K\KcKk) kmOKr yJr 2009 xJPu KZu 2% Fm 2010 xJPu fJ 4.2% IjMoJj TrJ yP oJr TJrPe
YJKyhJ TPo pJS~J~ KmPvr \JuJjL fPur 35% xrmrJyTJrL, \JuJjL fu rJjLTJrT hvxoNPyr xJ (SPkT), IkKrPvJKif fu
CkJhj TKoP~ KhP~PZ KT Kmv IgtjLKfPf kMjJPrr ue hUJ hS~J~ \JuJjL fPur oNPuq knJm kPzPZ \JuJjL fPur oNuq
2009 xPj mqJPru kKf xPmtJ 82.00 oJKTtj cuJr CbJr kr mqJPru kKf 70.00 oJKTtj cuJPrr oPiq CbJjJoJ TPrPZ KmPvr \JuJjL
fPur YJKyhJ 2010 xPj hsffJr xJPg mOK kJPm mPu IjMoJj TrJ yP

02. 2009 xJPu mJuJPhPvr IgtjLKf

2009 xJPu mJuJPhv 5.9% K\KcKk kmOK I\tj TPr, FPP TKwPf 4.6%, KvUJPf 5.9% Fm xmJUJPf kmOK KZu 6.3% F
xo~ K\KcKkPf xmPYP~ To ImhJj rJPU CkJhj UJf FUJPf 2009 Igt mZPr kmOK 5.9% F FPx hJzJ~ pJ 2008 Igt mZPr KZu
6.8% mJKwtT Vz oNuqLKf 2008 xPjr \MPjr 9.9% gPT TPo 2009 Fr \MPj 6.7% F FPx hJzJ~ mqJkT oMhsJ (Fo-2) 2009
IgtmZPr 19.2% mOK kP~PZ, 2008 xJPu F yJr KZu 17.6% hPvr oJa rJjL 2008 Igt mZPrr 14,151 KoKu~j cuJr gPT
2009 Igt mZPr 10.1% nJV mOK kP~ 15,583 KoKu~j cuJPr CjLf y~ KmPhPv Totrf mqKPhr kJbJPjJ IPgtr kKroJe 2008
xJPur 7,915 KoKu~j cuJr gPT 22.4% yJPr mOK kP~ 2009 xJPu 9,689 KoKu~j cuJPr CjLf y~ hPvr IJohJjL 2008
xJPur 19,481 KoKu~j cuJr gPT 4.2% yJPr mPz 2009 xPj 20,291 KoKu~j cuJPr CjLf y~ 2009 xPj IJ\tJKfT
ujPhPjr nJrxJPoqr P 2,058 KoKu~j cuJr CO y~ 2009 xJPur vPw, mJuJPhv mqJPTr TJPZ rKf mPhKvT oMhsJr
Kr\Jnt 1,322 KoKu~j oJKTtj cuJr mPz IJPuJYq mZPrr vPw 7,471 KoKu~j oJKTtj cuJPr CjLf y~ mPT~J mqJT Ee (mPhKvT
Kmu S IJmqJT ujPhj mJPh) 292.94 KmKu~j oJKTtj cuJr mPz 2009 xPj 2,259.34 KmKu~j oJKTtj cuJPr kRPZ 2009
xJPu mqJPTr IJoJjf (IJmqJT ujPhj mJPh) 20.3% mOK kP~ 2,786.22 KmKu~j cuJPr kRPZ 2009 xJPu mqJT rPar yJr
5% F IkKrmKftf gJPT
mKvT IJKgtT oJ xPS, 2009 xJPu mJuJPhPvr IgtjLKfPf kmOKr iJrJmJKyTfJ ImqJyf gJPT mJuJPhPvr IgtQjKfT kmOK
oNuf Kjntr TPr hPvr rJjLr kmOKr Ckr FTAnJPm rJjL kmOK Kjntr TPr Kmv IgtjLKfr kMjJPrr Ckr

03. FT j\Pr mqJPTr kKrKYKf

xJCgA mqJT KuKoPac, KfL~ k\Pjr FTKa mxrTJrL mqJT KyxJPm, 1995 xJPu ChJr Kmv IgtjLKfr pMPV kKfKf yP~PZ mftoJPj F
mqJPTr IjMPoJKhf oNuij 10,000 KoKu~j aJTJ Fm 31v KcPxr, 2009 fJKrPU xmtPoJa oNuij Fm xKKfr kKroJe hJKzP~PZ
9,927.16 KoKu~j aJTJ~ mJuJPhPvr jfJjL~ mqJT KyxJPm kKfJ uJn TrJ Fm \JfL~ IgtjLKfPf fJkptkNet ImhJj rJUJ Fr uq
annual report 2009

APfJoPiq mqJT xTu TJptxNYPT kmOK I\tj kNmtT 15fo mZr mqJKT TJpto xlufJr xJPg kKrYJujJ TPrPZ 2009 xJPu mqJPTr
Tr krmftL oMjJlJr kKroJe 1,870.19 KoKu~j aJTJ IJPuJYq mZPr mqJPTr IJoJjf 2008 Fr fujJ~ 41 vfJv mOK kP~
96,669.05 KoKu~j aJTJ~ Fm IVLo 29 vfJv mOK kP~ 77,497.57 KoKu~j aJTJ~ CjLf yP~PZ KmVf 5 mZPr

(2005-2009) mqJT IJoJjPf 28 vfJv, IVLPo 29 vfJv, rJjLPf 52 vfJv, IJohJKjPf 29 vfJv Vz kmOK I\tj TPr

kKrYJujJ kwtPhr kKfPmhj

KmVf 5 mZPr rJjLr kKroJe mPzPZ 3 e pJr kKroJe 46,724.47 KoKu~j aJTJ Fm mPhKvT rKoPaPr kKroJe mPzPZ 7 e
pJr kKroJe 23,800.00 KoKu~j aJTJ
TJptPor CTPwtr xJPg xJPg Fr eVf oJPjr CjKfA mqJPTr KjTa xmtJKiT fkNet Kmw~ KyPxPm KmPmKYf yP~ IJxPZ mftoJPj
xJrJPhv \MPz mqJPTr 56Ka vJUJ, 10Ka FxFoA xJr Fm 1Ka Im-vJr mqJKT ACKja rP~PZ nKmwqPf IJrS 10Ka vJUJ Fm
TokP 10Ka FxFoA xJr UJuJr kKrTjJ rP~PZ CxJy-CLkjJ Fm TPotJhqPor xJPg IKiTfr xJluq I\tPj IJoJPhr
kPYJ ImqJyf rP~PZ
oMjJlJr kmOK I\tPjr fLms kKfTu kKrKKfr oJTJPmuJ TrPf IJorJ IJoJPhr h S IKn \jvKr Ckr IJJvLu IJoJPhr vK
yP VJyTPhr xJPg WKj S hqfJkNet IvLhJKrf, hPvr mqmxJK~T S mJKeK\qTnJPm fkNet JjxoNPy IJoJPhr hO| ImJj Fm
mPhKvT mJKe\q mOK TP IJ\tJKfTnJPm UqJf mqJPTr xJPg TPrxkjPc mqJKT xTt kYKuf Ee S mPhKvT mJKe\q xJ
xmJxoNy ZJzJS IJoJPhr IjqJjq xmJ keqPuJ yP Real Time On-Line Any Branch Banking, AxuJoL mqJKT, oJPYt mqJKT,
f oMhsJr KnxJ Kca TJct, FKaFo, KvJ Ee kT, nJJ Ee, FxFoA mqJKT, TPktJPra mqJKT, KxKPTa Ee, Ke mOK x~
kT, oJKxT x~ kT, oJKxT oMjJlJ kT, kjvj x~ kT, SP~\ IJjtJr kjvj Lo Fm Fx.Fo.Fx. mqJKT AfqJKh
IfqJiMKjT Fm krLKf mqJKT kpMK Fm xmJ keqxoNPyr xoKjf mqmyJPrr oJiqPo Cjf VJyT xmJA yP IJoJPhr xlufJr
oNu YJKmTJKb VJyPTr kP~J\j kNreA IJoJPhr IVJKiTJr VJyTPhr IJKgtT YJKyhJxoNy kNrPe IJoJPhr TotLmJKyjL jfj kpMK
IJf TPrPZ, xmJkPeqr Jj mOK TPrPZ Fm hfJ~ jfj oJJ pJV TPrPZ VJyTPhr kP~J\jL~ krJovt khJj Fm xOKvLu
IJKgtT YJKyhJr kZjL~ Fm JqkNet xoJiJj khJPjr oJiqPo IJorJ vsf I\tPj KmvJxL IJorJ kvJVf, jqJ~KnKT, mmxu
Fm Jj-Kjntr IJYrPer oJiqPo mJKeK\qT, hs mqmxJ~L S mqKxy xTu irPjr VJyTPhr xPmtJo VJyT xmJ khJPj xhJ xPY
xJCgA mqJTPT FTKa IJiMKjT mqJKT kKfJPj kJKrf TrPf IJorJ xTm IJorJ IJvJmJhL F mqJTKa yPm TPot fkr,
TotxNYLPf kVKfvLu, ujPhPj xfqJvs~L, KmYJr-KmPmYjJ~ jqJ~krJ~e, ojPj nKmwqoMUL, hOKnLPf KjrPk Fm VJyTPxmJ~
KjPmKhf IJoJPhr kKrTjJxoNy mqJPTr IJiMKjT mqmJkjJ, Cjf kpMKr mqmyJr, IKiTfr oMjJlJ I\tj Fm xMhO| IJKgtT KnK S
mqJPTr C xMjJo xOKr uPq keLf mqJPTr kKrYJuT kwtPhr oNuqmJj KhT-KjPhtvjJ S fJmiJPj Fm IJoJPhr h \jvKr
xJKmtT xyPpJKVfJ~ IJorJ S hJK~fvLu TJJjL mqmJkjJ~ ILTJrJm
xJCgA mqJT KuKoPac KmhqoJj oNuqPmJi S YuoJj iJrJr xJPg fJu rPU Fm mOy IJKgtT kKfJPjr xJoJK\T S kKrPmPvr kKf
hJK~f S Pfr kKf xJj rPU mJKeK\qT TJpto kKrYJujJ TPr gJPT mqJT Fr v~JrPyJJrPhr \jq Co kKfhJj KjKf
TrPf xmthJA xPY

04. oNuij S Kr\Jnt

mqJPTr IjMPoJKhf oNuiPjr kKroJe yP 10,000.00 KoKu~j aJTJ Fm 31v KcPxr, 2009 A kpt mqJPTr kKrPvJKif oNuij
KZu 3,422.64 KoKu~j aJTJ IJPuJYq mZPr mqJPTr oNuij S Kr\JPntr kKroJe KZu 9,927.16 KoKu~j aJTJ pJ 2008 xJPu KZu
7,657.01 KoKu~j aJTJ, F P kmOKr yJr 29.65 vfJv
31v KcPxr, 2009 A fJKrPU mqJPTr oNuij fyKmu S Kr\JPntr kKroJe Kjk :
KoKu~j aJTJ~
(T) oNu oNuij (aJ~Jr-1 oNuij)
kKrPvJKif oNuij 3,422.64
xKmKim Kr\Jnt 2,665.60
xJiJre Kr\Jnt 247.65
xrKf IJ~ 1,278.87
oJa oNu oNuij 7,614.76

(U) mJzKf oNuij (aJ~Jr-2 oNuij)

IPvseLTf EPer \jq xJj 828.00
xJmq hJP~r Ckr xJj 351.33
xh kMj:oNuqJ~j Kr\Jnt 1,117.65
FAYKaFo KxKTCKrKar kMj:oNuqJ~j\Kjf Kr\Jnt 11.22
FPY AT~JuJAP\vj KKf 4.20
annual report 2009

oJa mJzKf oNuij 2,312.40

oJa oNuij S Kr\Jnt (T + U) 9,927.16

05 oNuij kptJfJr yJr
kKrYJujJ kwtPhr kKfPmhj
mPxu-1 Fr IiLPj KrPkJKat Fr KnKPf mJuJPhv mqJT TftT KjitJKrf IjNqj vfTrJ 10 (hv) nJV oNuij kptJfJr IjMkJPfr
KmkrLPf 31v KcPxr, 2009 A fJKrPU mqJT ^KTkNet xPhr Ckr 11.72 nJV oNuij kptJfJr IjMkJf m\J~ rJPU

06. 2009 xJPu kNK\mJ\JPrr xJKmtT ImJ

hPvr kMK\ mJ\JPr TJbJPoJVf kKrmftj xJKif yP~PZ Fm kmKftf fgq S pJVJPpJV kpMKr PoJjKfr xJPg xJPg hPvr kMK\
mJ\JPrS CjKf kKruKf yP xJsKfT xoP~ fJKuTJnM TJJjLKur oPiq TJJjL xMvJxj jLKfoJuJ IjMvLuPjr lPu
TJJjLKur oPiq CjKfr iJrJ kNPmtr YP~ mOK kP~PZ fgJKkS Cjf IgtjLKfr kMK\mJ\JPrr fujJ~ IJoJPhr kMK\mJ\Jr FUjS
IkKrk xMfrJ, hPvr kMK\mJ\Jr KmvoJPj CjLf TrPf yPu mv KTZM xJr kK~J Vye TrJ IJmvqT
hPvr Ijqfo kiJj kMK\mJ\Jr dJTJ T FPY 2008 xJPu oNuq xPvJiPjr xo~TJu kJr TPr 2009 xJPu JnJKmT ImJ~ KlPr
FPxPZ KmvJK~f IgtQjKfT TotTJPr FA pMPV, IJoJPhr kMK\mJ\Jr FTKa xJmjJo~ kMK\mJ\JPr kKref yPf YPuPZ 2009 xJPur
vPw, KcFxA xJiJre xNYT KZu 4,535.53 pJ 2008 xJPur vPw KZu 2,795.34 kNPmtr mZPrr fujJ~ 2009 xJPu KcFxA xJiJre
xNYT 1740.19 kP~ mJ 62.25% mOK kP~PZ 2009 xJPur vPw oJa mJ\Jr oNuiPjr kKroJe KZu 1,903.23 KmKu~j aJTJ,
2008 xJPur vPw pJr kKroJe KZu 1,043.79 KmKu~j aJTJ 2009 xJPu 18Ka TJJjL fJPhr IjMPoJKhf oNuiPjr FTKa Iv
kJgKoT VekJm (IJAKkS) KyPxPm \jxJiJrePT IlJr TPr kJgKoT VekJPmr oJiqPo 2009 xJPu kMK\mJ\JPr xJKuf jfj
oNuiPjr kKroJe KZu 19,047.00 KoKu~j aJTJ 2009 xJPur kMK\mJ\JPrr KKfvLu ImJ xJiJre v~JrPyJJrPhr oPiq IJJ
xMkKfKf TPr KmKnj jfj CJmjL keq poj, KxKTCKraJA\c m, KoCYM~Ju lJ \JfL~ KmT oNuijL keq kMK\mJ\JPr IJxJ
TPrPZ mftoJPj kMK\mJ\JPr KmKjP~JPVr YoTJr kKrPmv KmrJ\oJj Fm xJiJre KmKjP~JVTJrLPhr oPiq xJmjJ S ^KT KmPmYjJ TPr
KmKjP~JV TrJr oPfJ Jj mOK kJP mftoJPj KxKTCKrKa\ F FPY TKovj, dJTJ T FPY S YVJo T FPY TftT VOyLf
KmKjP~JV xPYfjfJoMuT TotxNYL VyPer lPu IJoJPhr hPvr KmKjP~JVTJrLVe IJPrJ IKiT oJJ~ xPYfj S xMKmPmYT yP~ CbPZj
hPvr kMK\mJ\JPr KmKjP~JVTJrLPhr xUqJr omitoJj yJr, kJKfJKjT KmKjP~JVTJrLPhr IKiT IvVye Fm hs KmKjP~JVTJrLr
xUqJ mOK hPvr xJoKT IgtjLKfPf ijJT kmOKr KjPhtvT 2009 xJPu kMK\mJ\Jr IJPrJ mvL VKfvLu S Cjffr KyPxPm
IJKmntf yP~PZ IJoJPhr KmvJx ImqJyf xJr kK~Jr oJiqPo T oJPTtPar mftoJj ksmOKr iJrJ nKmwqPfS myoJj gJTPm

07. xJCgA mqJPTr v~Jr Fm v~JrPyJJr

xTu oRuxNYT poj v~JrkKf IJP~r KmkrLPf mJ\Jr oNuq, mJ\Jr oNPuqr IjMkJPf unqJPvr yJr, jLa xh oNuq, v~Jr kKf
TJpto kxNf jVh kmJy, ujPhj yS~J v~JPrr oJa oNuq, v~JrkKf C IJ~, Cn~ v~Jr mJ\JPr F' vseLnM v~Jr KyPxPm
iJrJmJKyT ImJj, Kj~KofnJPm C yJPr unqJv WJweJ, KmkMu xUqJT v~JrPyJJr, kKrPvJKif oNuiPjr KnKPf mJ\Jr oNuiPjr
IKiTyJr m\J~ rJUJ AfqJKh xNYTxoNy xJCgA mqJPTr v~JPrr IjMTPu rP~PZ IJoJPhr TRvu yP Kj~KofnJPm C yJPr
unqJv WJweJ, pJ xm yP IKiT oMjJlJ I\tPj xo mqJPTr CoJPjr xhxoNPyr TJrPe oRu KnKxoNPyr eVf oJj KmPmYjJ
TPr xPYfj KmKjP~JVTJrLVe xJCgA mqJPTr v~JrPT hLWt o~JPh KmKjP~JPVr P kZxA mPu oPj TPrj

T) v~JrPyJJr xUqJr mOK

kJgKoT VekJm gPT TPr mqJPTr v~JrPyJJr xUqJ mOKr iJrJ ImqJyf rP~PZ 2009 xJPur vPw mqJPTr v~JrPyJJPrr
xUqJ hJzJ~ 22,152 \j, 2008 xPjr 31 v KcPxr fJKrPU pJr xUqJ KZu 12,536 \j v~JrPyJJr xUqJ~ kmOKr yJr
76.70% 2005 xj gPT TPr mqJPTr v~JrPyJJr xUqJ mOKr yJr jLPY hS~J yu
mZr v~JrPyJJr xUqJ mOKr yJr
2009 22,152 76.70%
2008 12,536 30.09%
2007 9,636 8.82%
2006 8,855 54.00%
2005 5,750 22.24%

U) v~JrkKf ijJT IJ~

2009 xJPur vPw IJoJPhr mqJPTr v~JPrr xUqJ hJzJ~ 3,42,26,373 dJTJ S YVJo T FPYP 2000 xJPu fJKuTJnM
yS~Jr xoP~ Fr kKroJe KZu 30,00,000 KmVf mZrPuJPf 3,12,26,373 Ka v~Jr mJjJx S rJAa IJTJPr v~JrPyJJrPhr
oPiq mj TrJ yP~PZ pJr lPu mqJPTr v~Jr xUqJ 1,040.88 vfJv mOK kP~PZ pPyf IJorJ kJY mZr pJm iJrJmJKyTnJPm
annual report 2009

kYMr oMjJlJ I\tj TPrKZ xPyf IKiTyJPr mJjJx v~Jr mj Fm v~JrkKf IJP~r oPiq FTKa xMxoj~ m\J~ rP~PZ v~Jr
mJ\JPr KmVf kJY mZPrr v~JrkKf ijJT IJP~r fgq krmfLt kOJ~ hUJPjJ yu

mZr v~JrkKf IJ~

kKrYJujJ kwtPhr kKfPmhj

2009 54.64
2008 31.11
2007 42.88
2006 59.71
2005 35.42

V) xPJw\jT jLa xh oNuq

IJoJPhr mqJPTr oJa hJP~r fujJ~ xPhr kKroJe IKiT Fm v~JrkKf xmthJ xPJw\jT jLa xhoNuq m\J~ rP~PZ 2009
xJPu mqJPTr v~JrkKf jLa xhoNuq hJzJ~ 331.01 aJTJ, 2008 xJPur vPw pJr kKroJe KZu v~JrkKf 257.95 aJTJ pJ jLa
xhoNPuqr 28.32% Cfr kmOK khvtj TPr jLPY KmVf kJY mZPrr v~JrkKf jLa xhoNuq hUJPjJ yu
mZr jLa xh oNuq jLa xh oNuq mOKr yJr
aJTJ~ (v~Jr kKf)
2009 11,329.18 331.01 28.32%
2008 7,357.27 257.95 (4.21%)
2007 6,144.46 269.29 12.45%
2006 505.92 239.47 24.21%
2005 203.67 192.80 18.73%

W) mqJPTr IjMPoJKhf S kKrPvJKif oNuij

1995 xJPu IJoJPhr mqJT mqmxJ TrJr xo~ mqJPTr IjMPoJKhf oNuij KZu 500 KoKu~j aJTJ Fm kKrPvJKif oNuiPjr kKroJe
KZu 100 KoKu~j aJTJ 2009 xJPur vPw mqJPTr IjMPoJKhf oNuij S kKrPvJKif oNuiPjr kKroJe hJzJ~ pgJPo 10,000
KoKu~j aJTJ S 3,422.64 KoKu~j aJTJ mqmxJ TrJr xo~ gPT F kpt IJoJPhr mqJPTr IjMPoJKhf S kKrPvJKif oNuij mOKr
yJr pgJPo 1,900% Fm 3,322.64% mqJPTr oNuij kptJfJ m\J~ rJUJ Fm IJKgtT KnfPT vKvJuL TrPf, mqJT IjMPoJKhf
S kKrPvJKif oNuiPjr kKroJe mOK TPr mqJPTr IjMPoJKhf S kKrPvJKif oNuiPjr mZrKnKT xJreL KjP h~J yu
mZr IjMPoJKhf oNuij kKrPvJKif oNuij
(KoKu~j aJTJ) (KoKu~j aJTJ)
2009 10,000.00 3,422.64
2008 3,500.00 2,852.20
2007 3,500.00 2,281.76
2006 3,500.00 2,112.74
2005 2,500.00 1,056.37
2004 2,500.00 880.31
2003 2,500.00 677.16
2002 2,500.00 399.30
2001 500.00 363.00
2000 500.00 330.00
1999 500.00 300.00
1998 500.00 150.00
1997 500.00 125.00
1996 500.00 100.00
1995 500.00 100.00

X) ImqJyfnJPm nJu unqJv WJweJ

mqJT ImqJyfnJPm nJu unqJv WJweJr jLKf IjMxre TPr Fm nJu yJPr v~JrPyJJrVePT unqJv khJj TPr mqmxJr kKrKi
mJzJ~ mJzKf oNuiPjr kP~J\j oaJPf mqJT Fr IK\tf oMjJlJ yPf oNuijL unqJv khJj TPrPZ KmVf kJY mZPr mqJPTr jVh
unqJv S oNuijL unqJv WJwjJr KY KjP h~J yu
mZr jVh unqJv oNuijL unqJv oJa unqJv
2009 35% 35%
2008 15% 20% 35%
2007 15% 25% 40%
annual report 2009

2006 20% 8% 28%

2005 20% 20%

Y) mqJPTr rJAax& v~Jr AxMq
kKrYJujJ kwtPhr kKfPmhj
24v xPr 2009 fJKrPU IjMKf mqJPTr 5o KmPvw xJiJre xnJ~ v~JrPyJJrmO kKf 2Ka v~JPrr KmkrLPf 1Ka KyPxPm 60
aJTJ KkKo~Joxy 160 aJTJ oNPuq rJAa v~Jr AxMqr kJm xmtxfnJPm IjMPoJhj TPr, pJ Kj~eTJrL TftkPr IjMPoJhj xJPkP
AxMq TrJ yPm mqJT fJr kKrPvJKif oNuij mOKr uPq F kpt v~JrPyJJrPhr oPiq 1,22,13,696 Ka rJAa v~Jr AxMq TPrPZ
pJr oPiq 2003 xJPu xooNPuq kKf 2Ka v~JPrr KmkrLPf 1Ka KyPxPm oJa 16,50,000 Fm 2006 xJPu mqJPTr oNuij KnK
vKvJuL TrJr uPq 100 aJTJ KkKo~Joxy kKf 1Ka v~JPrr KmkrLPf 1Ka KyPxPm oJa 105,63,696 Ka xJiJre v~Jr
v~JrPyJJrPhr oPiq AxMq TPr
Z) v~Jr kKf jLa TJpto kxNf jVh kmJy
31v KcPxr 2009 A fJKrPU mqJPTr v~Jr kKf jLa TJpto kxNf jVh kmJy KZu 316.77 aJTJ

08. IJoJjf
mqJT 31v KcPxr 2009 kpt 96,669.05 KoKu~j aJTJ IJoJjf xVy TPrPZ pJ 2008 xJPu KZu 68,714.67 KoKu~j aJTJ
kKfPpJKVfJoNuT xMPhr yJr, mqJPTr IJoJjf xVPyr TJptTr kPYJ Fm mqJPTr Ckr VJyTPhr IJJ IJoJjPfr F CPuUPpJVq
IVVKfPf ImhJj rPUPZ mqJT hs S oJ^JKr x~TJrLPhr \jq mv KTZM IJTwteL~ x~ kT YJuM TPrPZ x~ kTxoNy iM
IJoJjPfr kKroJeA mOK TPrKj, IJoJjPfr eVf oJPjrS kKrmftj WKaP~PZ 31v KcPxr, 2009 fJKrPU mqJPTr IJoJjf Kovse
KZu Kjk :
KoKu~j aJTJ~
-------------- %
T) YuKf S IjqJjq IJoJjf 6,216.49 6.43%
U) x~L IJoJjf 6,694.03 6,93%
V) o~JhL IJoJjf 6,573.41 6.80%
W) J~L mJ o~JhL IJoJjf 73,632.69 76.17%
X) KmKnj kTPr IJSfJ~ xVOyLf IJoJjf 2,379.53 2.46%
Y) kPh~ KmPur KyxJm UJPf 1,172.90 1.21%
------------- --------------
oJa 96,669.05 100.00%
------------- --------------
09. Ee Kmfre jLKfoJuJ
mqJPTr FTKa kNetJ EehJj jLKfoJuJ rP~PZ pJ kptJPuJYjJP kptJ~Po kKroJK\tf S pMPVJkPpJVL TrJ y~ FA jLKfoJuJ IjMxJPrA
mqJTEe Kmw~T pJmfL~ TJpto kKrYJKuf y~ mqJPTr Ee jLKf mJmJ~Pj KjKuKUf KjPhtvjJxoNy IjMxre TrJ y~
Kv UJf S KmKjP~JVPpJVq IjqJjq mqmxJ mJKeP\q IgtJ~j
IJPmhPjr Kj~oJmuL
Ee KmfrPer KmKnj ^KT KmPvwe
EPer vftJmuL
hKuuJKh xjTre S xre
Ee Kmfre krmftL ^KT mqmJkjJ
YuoJj Ee ^KTr fhJrKT
Ee kptJPuJYjJ
Ee kMjVtbj S kMjKmtjqJx
^KTkNet Ee vjJTre Fm IJhJ~ S xoJiJPjr TRvu
Ee KyxJm xoJTre
CPuKUf Kmw~ ZJzJS KmPvw KTZM IgtJ~Pjr kP~J\jL~fJ IjMnm TPr xJCgA mqJT TftT kOgT Lo poj 1) TjK\CoJr Kca
Lo, 2) hs S oJ^JKr Lo (FxFoA) 3) TKwEe Lo, 4) YJozJ KvP IgtJ~j AfqJKh LoPuJ mJuJPhv mqJPTr jLKfoJuJ S
KjPhtvjJ IjMxJPr kmftj TrJ yP~PZ
10. Ee S IKVo
Kmv IgtQjKfT oJr oPiqS mJuJPhPvr IgtjLKf oJaJoMKa KKfvLu KZu rJKj IJ~ S kmJxLPhr kKrf IPgtr kKroJe yJx Fm
KmKjP~JPV nJaJ kzJ~ hPvr kmOK KTZMaJ mJiJV y~ FA oJ ImJ~S 2009 xPj mqJKT xr kJ~ JnJKmT ImJ~ KZu, pKhS
mZPrr vw KhPT KTZMaJ fJruq xa KmhqoJj KZu Fk kKrKKf xPS 2009 xPj xJCgA mqJT xM KmKjP~JPVr oJiqPo Ee Fm
IVLo xsxJre kK~J ImqJyf rJPU mqJPTr Ee Fm IVLPor kKroJe 31v KcPxr 2009 xPj 77,497.57 KoKu~j aJTJ~ CjLf
y~ pJ kNmtmfL mZr IgtJ 31v KcPxr 2008 fJKrPU KZPuJ 60,281.26 KoKu~j aJTJ kmOKr yJr 28.56%
annual report 2009

xJCgA mqJT hPvr IJgt xJoJK\T Fm mqmxJK~T ImJr kKrmftPjr xMPpJPV KmKnj UJPf Ee khJPjr TJpto xsxJKrf TrPZ
Fr oPiq mJuJPhv mqJPTr IVJKiTJr kJ KmKnj UJf poj hs S oJ^JKr UJf Fm TKwUJf CPuUPpJVq mqJPTr FxFoA UJPf

EekhJj TJpto 2009 xj gPT ImqJyf rP~PZ Fm mftoJPj vJUJPuJr oJiqPoS FxFoA UJPf Ee KmfrPer mqJkJPr KmPvw f

kKrYJujJ kwtPhr kKfPmhj

khJj TrJ yP~PZ APfJoPiq hPvr KmKnj fkNet JPj 10Ka jfj FxFoA xJKntx xJr YJuM TrJ yP~PZ mJuJPhv mqJPTr
KjPhtvjJ S jLKfoJuJ IjMxJPr TKw UJPfr Ckr IKiTfr f khJj S FA UJPf Ee KmfrPer kKroJe mOKr uPq KmPvw Tot
kKrTjJ Vye TrJ yP~PZ
mqJT F pJmf p xTu UJPf IgtJ~j TPrPZ fJr oPiq frL kJwJT Kv, aaJAu, KKj, cJA, KxrJKoT (oOKv), Hwi
CkJhjTJrL kKfJj, aKuPpJVJPpJV, kPasJKu~Jo, Ku, AKKj~JKr, \JyJ\ nJJ S \JyJ\ frL Kv, KxPo, nJ\q fu, KYKj Kv,
KrP~u FPa, kKrmyj, TKw Fm IjqJjq mJKeK\qT UJf CPuUPpJVq mqJT TP~TKa KjKht UJPf EekhJj xLoJm jJ rPU jJjJoMUL
UJPf IgtJ~j ImqJyf rPUPZ Ee ^KT ToJPjJr uPq xrTJrL jLKfoJuJ, KvUJPfr ImJ, Ee VyLfJr mqmxJK~T fkrfJ AfqJKh
Kmw~PuJ Pfr xJPg KmPmYjJ TrJ ZJzJS kptJ \JoJjf rKf y~ KjKmz fhJrKT xPS Ee VyLfJPhr mqmJkjJ xoxqJ,
rJ\QjKfT IKj~fJ Fm IJ\tJKfT S JjL~ kptJP~ kKfTu mqmxJK~T ImJr hj TUPjJ TUPjJ KTZM KTZM Ee UuJkL yS~Jr
Cko y~ Fxm P fhJrTL S j\rhJrL mOK TPr Ee Kj~KofTre kPYJ ImqJyf rJUJ y~ 31v KcPxr 2009 fJKrPU
mqJPTr UuJkL EPer kKroJe KZu oJa EPer 3.73% pJ 31v KcPxr 2008 KZu 4.12%

11. kKrYJuT Ee
2009 xJPu mqJPTr kKrYJuTVe mqJT gPT TJj jfj Ee Vye TPrjKj

12. VqJrJK mqmxJ

mqJT 2008 xJPur 15,078.99 KoKu~j aJTJr KmkrLPf F mZr oJa 11,916.74 KoKu~j aJTJr VqJrJK AxMq TPr mqJPTr xJKjf
VJyTPhr IJPmhjPo KmKnj xrTJrL Tftk, oeJu~, J~fvJKxf kKfJj, TPktJPrvj, mqKmVt, mxrTJrL TJJjLxoNy Fm
m\JKfT TJJjLxy KmKnj kKfJPjr IjMTPu VqJrJK AxMq TrJ y~

13. FxFoA IgtJ~j

2009 xJPu xJCgA mqJT mJuJPhv mqJPTr jLKfoJuJ IjMxre TPr 10Ka FxFoA xJr kKfJr TJ\ xj TrJr oJiqPo FxFoA
TJptoPT vKvJuL TPrPZ xJAgA mqJT APfJoPiq FxFoA UJPf Ee hJj jLKfoJuJ frL TPr, fJ mJmJ~j TPrPZ 31v
KcPxr 2009 xPj FxFoA EPer KKf KZu 8884.30 KoKu~j aJTJ pJ 2008 xJPur 31 KcPxr Fr fujJ~ 2289.10 KoKu~j aJTJ
mvL Fm mqJPTr xoV EPer 11.46% nJV

14. nJJEe kT
xJCgA mqJT hjKj TJP\ mqmf KmKnj xJoVL poj rKl\JPrar, aKuKnvj, S~JKv oKvj, IJxmJmk, TKCaJr, VJzL
AfqJKh P~r \jq nJJVe kT Fr IJSfJ~ mqKVf Ee khJj TPr gJPT pJ KjKht IJP~r \jxJiJrPer \Lmj pJkPjr oJj Cj~Pj
KmPvw nKoTJ rJUPZ nJJ xJiJrePT Ee khJj frJKjf TrJr uPq mqJT kiJj TJptJuP~ kOgT FTKa TjK\CoJr Kca Lo
(KxKxFx) xu Vbj TPrPZ 2009 xPj KxKxFx EPer KKf KZu 205.21 KoKu~j aJTJ pJ 2008 xPj KZu 205.87 KoKu~j aJTJ

15. KxKPTa / TJm lJAjqJ

hMA mJ fPfJKiT kKfJj TftOT kh Fm FT\j xJiJre kKfKjKi TftT kKrYJKuf EeA KxKPTvj Ee jJPo kKrKYf KxKPTvj Ee
mqmJ~ IKnj vftJmuL IJPrJKkf y~ Fm FTA rTo hKuuJKh xJKhf y~
TPktJPra kKfJjPuJPT jfj kT Jkj Fm YuoJj kTPuJPT YuKf oNuij xrmrJPyr uPq xJCgA mqJT hPvr mqJKT
UJPf KxKPTvj / TJm lJAjqJK-F IVeL nKoTJ kJuj TPr IJxPZ xJCgA mqJT 2009 xPj 11Ka KxKPTvj EPe IvVye TPr
KxrJKoT, Hwi, m S TKwxy IjqJjq UJPf oJa 1827.00 KoKu~j aJTJ Ee IjMPoJhj TPrPZ xMnJPm KxKPTvj Ee IjMPoJhj,
Kmfre, \JoJjf xre S Ee IJhJP~r KjKoP mqJPTr kiJj TJptJuP~ h S IKn mqJT TotTftJPhr xojP~ VKbf FTKa
KxKPTvj xu rP~PZ

16. TPktJPra IgtJ~j

xJCgA mqJT TPktJPra VJyTPhr xyJ~fJTP kT Ee S YuKf oNuijxy KmKnj rTPor IPgtr pJVJj KhP~ gJPT TPktJPra vseLr
VJyTPhr xJiJref hMA irPjr Ee xMKmiJ khJj TrJ yP~ gJPT (1) xh KnKT Ee (2) jVh kmJy KnKT Ee
xh KnKT EPer P TJJjLr pJmfL~ Jmr S IJmr xhxoNPyr KmkrLPf Ee hS~J y~ kJPr jVh kmJPyr KnKPf
annual report 2009

EekhJPjr P TJJjLr iJrJmJKyT, IfLf S IjMKof nKmwqf jVh kmJy, IJKgtT ImJ, xMjJo, kpMK S VJyTKnKxy mqJPTr
Jgt xrPer kptJ mqmJ rPUA Ee khJPjr KxJ jS~J y~

17. YJozJ kK~J\JfTre Kv Ee
kKrYJujJ kwtPhr kKfPmhj
hPvr YJozJ\Jf KvPr hs CPhqJJPhr rJjLoMUL keq CkJhPj xyJ~fJ TrJr KjKoP mJKe\q oeJuP~r CPhqJPV xJCgA mqJT
uhJr xr Km\Pjx kPoJvj TJCKu (Fu.Fx.Km.Kk.Kx) Fr xJPg FTKa xoP^JfJ JrT Jr TPrPZ FA xoP^JfJ JrPTr
IJSfJ~ xJCgA mqJT hPvr CkPrJ hs CPhqJJPhr oPiq 20.00 KoKu~j aJTJ \JoJjfKmyLj S xMPh Ee khJj TrPm IJvJ
TrJ yP, FrTo FTKa CPhqJPVr xlu mJmJ~Pjr oJiqPo FTKa Igtmy kP~J\j KnKT Ee"-Fr oPcu JKkf yPm Fm xA
oPcPur IjMxrPe hPvr IjqJjq mqJT S IJKgtT kKfJj FKVP~ IJxPm IKof xJmjJo~ FA KvPr Cj~Pj

18. TKw Ee UJPf IgtJ~j

mJuJPhv xrTJr S mJuJPhv mqJPTr hKrhsmJm TKwjLKfr xJPg xKf rPU FA TotxNYLr xlu mJmJ~Pj xJCgA mqJT 2009-10
Igt mZPr TKwUJPf KmfrPer \jq 350.00 KoKu~j aJTJ mrJ TPrPZ KcPxr 2009 Fr oPiq C mrJPr IJSfJ~ 53.00 KoKu~j
aJTJ Kmfre TrJ yP~PZ mJTL mrJTf Igt IJVJoL \Mj oJPxr oPiq pgJpgnJPm KmfrPer \jq xmtJT kPYJ YJuJPjJ yP
mJuJPhv mqJPTr jLKf S KjPhtvjJr IJPuJPT APfJoPiq TKwEe xPTt FTKa jLKfoJuJ kf TrJ yP~PZ pJPf TPr TKwUJPf
mrJTf Igt xMKmjqnJPm Kmfre TrJ pJ~ TKwUJPf KmfreTf EexoNPyr xmtPoJa KKf (31v KcPxr 2009 fJKrPU) 273.50
KoKu~j aJTJ, pJr CPuUqPpJVq Iv FjK\S KuPT\" Fr IJSfJ~ Kmfre TrJ yP~PZ

19. FPkJat cnuJkPo lJ (AKcFl)

FPkJat cnuJkPo lJ (AKcFl) 1989 xJPu mJuJPhv mqJT FTKa fyKmu VbPjr oJiqPo kKfKf y~ mftoJPj C lJP
IPgtr kKroJe 300 KoKu~j oJKTtj cuJr rJjLTJrTPhr mPhKvT oMhsJ~ TJYJoJu xVPyr \jq FA lJ mqmyJr TrJ y~ mqJPTr
FKc vJUJxoNy AKcFl yPf oJKTtj cuJPr rJjLTJrTPhr IjMTPu uJj KjPf kJPr 31 KcPxr 2009 kpt AKcFl LPor IJSfJ~
TJYJoJu xVPyr \jq mqJPTr \jq IjMPoJKhf IPgtr kKroJe oJKTtj cuJr 3.45 KoKu~j Fm 2010 xJPu rJjLTJrTPhr YJKyhJ
IjMpJ~L C xMKmiJ kMjrJ~ mOK kJPm

20. kT IgtJ~j S K\KcKkPf ImhJj

jfj kKfJj S jfj kTxoNPy o~JhL Ee KmPvwe S IjMPoJhj TrJr TJ\ Ifq fkNet kJ~vA I\JjJ FA irPjr kTPr
IgtQjKfT xJmqfJ Kjntr TPr C kTPr mJ\Jr VPmweJ, kpMKVf xlufJ S fJ KmPfJr ILTJPrr Ckr Ee xJmjJ
kptJPuJYjJr \jq Ee VyLfJr kNmtmfLt Ee kKrPvJPir AKfyJx Fm h kKrYJujJr koJe ZJzJS CkpM S xoKjf ^KT KjrJo~
TRvuxoNy fkMet KyxJPm KmPmKYf y~
KmVf TP~T mZr pJm mJuJPhPvr IgtjLKf mJKwtT 6% yJPr mOK kP~ IJxPZ IJoJPhr oJa K\KcKk'r IPitPTrS mKv IJPx xmJ
UJf gPT oJa \jPVJLr kJ~ IPitT TKw TJ\ ZJzJS frL kJwJT Kv, oxq YJw, xmK\ YJw, m Kv, YJozJ S YJozJ \Jf hsmq
frL, KxrJKoPTr TJ\ S YJu CkJhPjr of IjqJjq fkNet TJP\ KjP~JK\f pxm UJf gPT K\KcKkPf mvL ImhJj kKruKf
y~, xJCgA mqJT xxm UJPf KmKjP~JV TrJr \jq jLKfoJuJ frL TPrPZ FPP frL kJwJT Kv xmPYP~ mvL f kP~
IJxPZ 2009 xJu gPT FA UJPf EPer kKroJe UMm FTaJ mOK jJ TPr kh EexoNyPT xoKjf S xMxyf TrJ yP FZJzJS
mqJPTr oJa kT EPer FTKa CPuUPpJVq Iv KxrJKoTx, Jq xmJ, KYKj, pJVJPpJV, kKrmyj, KmhMqf UJPfr of ImTJbJPoJVf
Cj~joNuT kTP khJj TrJ yP~PZ pJ IJoJPhr hPvr mJKwtT K\KcKkPf fkNet nKoTJ kJuj TPr

21. Ee vseLKmjqJxTre S kKnvKj

mJuJPhv mqJPTr jLKfoJuJ IjMpJ~L mqJT EexoNy vseLTre Fm kP~J\jL~ kKnvj xre TPr gJPT jVh Igt IJhJ~ Fm
kMjflKxKuTrPer oJiqPo vseL KmjqJKxf Ee yJxTrPe mqJT mqmJkjJ Tftk xmthJ x\JV luvsKfPf, vseLTf EPer kKroJe
KmVf mZPrr 4.12% gPT 30v KcPxr, 2009 fJKrPU 3.73% F TKoP~ IJjJ xm yP~PZ
mJuJPhv mqJPTr jLKfoJuJr IJSfJ~ xJCgA mqJT xmthJ vseLTf/IPvseLTf S KKfk mKyntf IJAPaoxoNPyr KmkrLPf
kP~J\jL~ kKnvj xre TPr IJxPZ 2009 xJPu kP~J\jL~ 2,299.34 KoKu~j aJTJ kKnvPjr Pu 2,310.07 KoKu~j aJTJ
kKnvj xre TrJ yP~PZ, pJ kP~J\Pjr fujJ~ 10.73 KoKu~j aJTJ mvL

22. Ee kptPme, IJVJo xfTtfJ S IxPJw\jT Ee mqmJkjJ

hfJr xJPg mqmxJ kKrYJujJr P xPhr eVf oJj rJ TrJ mqJKT TJptPor kgo Fm kiJj Kmw~ IJoJPhr mqJT xJKjf
v~JrPyJJr S IJoJjfTJrLPhr Jgt rJPgt kh EexoNy Kj~Kof kptPme S fJmiJj \JrhJr TrPer oJiqPo xPhr eVf oJj
rJ~ S vseLTf EPer kKroJe yJPx mkKrTr vJUJr KrTnJrL ACKja Fm kiJj TJptJuP~r Kca FcKoKjPsvj KckJatPoPr
KrTnJrL xu kJgKoTnJPm IxPJw\jT/hMmtu kTKfr EexoNy kptPme, fJmiJj Fm IJhJP~ xPY gJPT IxPJw\jT EPer
fJKuTJ (pJ S~JYKu KyxJPm kKrKYf) ke~j Trf KjKmz fJmiJj S kptPmPer oJiqPo G xTu EPer ImJr CjKfr \jq KrTnJrL
annual report 2009

ACKjaxoNy xmthJ fkr rP~PZ kJvJkJKv kmPuo FTJCxoNy Kj~Kof kptPme S fJmiJPjr \jq mqmJkjJ kKrYJuPTr jfPf
kiJj TJptJuP~r KxKj~r TotTftJPhr xojP~ FTKa kmPuo FTJC oqJPj\Po TKoKa Vbj TrJ yP~PZ

23. Ee ImPuJkj Fm vseLTf EPer KmkrLPf IJhJ~

kKrYJujJ kwtPhr kKfPmhj

mqJPuvLa xoO rJUJr uPq TM-Ee ImPuJkj IJ\tJKfTnJPm LTf FTKa mqmJ xJCgA mqJT Ee ImPuJkj Fr P
mJuJPhv mqJT TftT keLf jLKfoJuJ pgJpgnJPm IjMxre TPr IJxPZ kJvJkJKv C ImPuJkjTf EexoNy IJhJP~r \jq hJP~rTf
oJouJxoNy hsf KjKr \jq \Jr kPYJ ImqJyf rP~PZ
F kK~J~ mqJT 2009 xJPu UuJkL Ee VyLfJPhr TJZ gPT kJ~ 1,000.00 KoKu~j aJTJ jVh IJhJ~ TPrPZ Fm mv KTZM Ee KyxJm
kNjflKxKuTrPer oJiqPo Kj~Kof TPrPZ IKiT, vLwt 20 Ee UuJkLPhr gPT Ee IJhJ~ TrJr \jq FTKa kOgT KrTnJrL Kao KjP~JK\f
rP~PZ kJvJkJKv mqJPTr mqmJkjJ kKrYJuPTr fJmiJPj FTKa TKoKa o~Jh CLet/vseLTf Ee IJhJ~TP xmthJ xPY rP~PZ

24. KmKjP~JV
mqJPTr KmKjP~JPVr kKroJe Vf mZPrr 12,299.61 KoKu~j aJTJ gPT vfTrJ 74 nJV mPz IJPuJYq mZPr 21,350.23 KoKu~j
aJTJ~ CkjLf y~ KmKjP~JV oJiqoPuJPf InMt KZu xrTJrL as\JrL Kmu, kJA\ m, kJmKuT KuKoPac TJJjLr v~Jr AfqJKh
mqJT xmthJ C oMjJlJ xj UJPf KmKjP~JV Fm mJuJPhv mqJT TftT KjitJKrf pMVk KmKim fJruq IjMkJf m\J~ rJUJr Ckr
IKiTfr f IJPrJk TPr

25. xJCgA mqJPTr mPhKvT mJKe\q TJpto-2009

xNYjJuV gPTA xJCgA mqJT mPhKvT mJKe\q TJptPo xK~ nKoTJ kJuj TPr IJxPZ IKnjm kpMK S mqmxJK~T xoJiJjPT
TJP\ uJKVP~ mqJTKa oJjP~ fJr TPktJPra VJyTPhr \jq Cjffr xmJ KjKf TPrPZ pJ IJ\PTr kKrmftjvLu KmvJ~Pj UJk
xJCgA mqJT fJr mqmxJK~T VJyTPhr \jq xm irPjr IJ\tJKfT mJKe\q xmJ khJj TPr gJPT, pgJ IJohJjL S rJjL Eek,
mPhKvT VqJrJK, qJmJA Eek, rJjL KmPur KcxTJCK AfqJKh KmvmqJkL IgtQjKfT oJ, pJ IJ\tJKfT mJKe\qPT kmunJPm
KmKWf TPrPZ, fJ xPS xJCgA mqJT 2009 xJPr IJohJjL rJjL mJKeP\q xPJw\jT kmOK uJn TPrPZ
pKhS xJCgA mqJPTr 56Ka vJUJr oPiq oJ 21Ka vJUJ mPhKvT mJKe\q xJhPjr \jq mJuJPhv mqJPTr IjMPoJhjkJ (AD)
fgJKk mqJTKar kJ~ xm vJUJPfA IJohJjL S rJjL TJPptr \jq h \jvK S kpMKVf ImTJbJPoJ rP~PZ pJr oJiqPo VJyTVe
IJohJjL S rJjL mJKe\q xKTtf xmJ KjPf kJrPmj, pJ p TJj FTKa AD vJUJr oJiqPo kKrYJKuf yPm

IJohJjL mJKe\q
2009 xJPu IJohJjL mJKeP\q xJCgA mqJT CPuUPpJVq kmOK uJn TPrPZ F xJPu mqJTKar oJiqPo oJa 69,582.92 KoKu~j
aJTJr (ACFx cuJr 1004.51 KoKu~j) IJohJjL mJKe\q xJKhf yP~PZ pJ 2008 xJPur IJohJjLr fujJ~ kJ~ 20% mvL
UJhqvxq pgJ Vo, KYKj S IkKrPvJKif x~JmLj fu, oNuijL pkJKf, 100% rJjLoMUL kJwJT KvPr TJYJoJu, kMrJfj \JyJ\,
fuJ, lqJa rJKu S Ku KmPua AfqJKh F mZPrr IJohJjLTf keqPuJr oPiq CPuUPpJVq

mqJPTr Vf 6 (Z~) mZPrr IJohJjL mJKe\q fJKuTJ KjP hS~J yu :

mZr IJohJjL mJKeP\qr kKroJe IJohJjL mJKeP\qr kKroJe
ACFx cuJr (KoKu~Pj) aJTJ (KoKu~Pj)
2004 306.51 20,229.62
2005 421.44 29,079.30
2006 501.79 35,125.12
2007 557.50 38,470.34
2008 840.86 58,019.77
2009 1,004.51 69,582.92

rJjL mJKe\q
2004 xJu gPT xJCgA mqJT hO| kfqP~ hPvr rJjLoMUL frL kJwJT Kv, TKw S TKw\Jf keq, KyoJK~f oJZ, YJozJ, kJa S
kJa\Jf hsPmqr rJjLr P vKvJuL nKoTJ kJuj TPr IJxPZ CkPrr PuJ ZJzJS jfj rJjLoMUL Kv pgJ KxrJKoT AJKs\
S Kvk KmK AJKs\ Fr rJjL mJKeP\q xyJ~fJr oJiqPo xJCgA mqJT hPvr mPhKvT oMhsJ IJP~r P fkNet ImhJj rJUPZ
mqJTKar xKKuf rJjL IJ~ S mPhKvT rKoPaPr kKroJe Fr IJohJjL mqP~r gPT mvL yS~J~ mqJTKar mPhKvT oMhsJr TJj
WJaKf jA Fm mPhKvT oMhsJ mJ\JPrr Ckr KjntrvLufJS jA 2009 xJPu KmvmqJkL IgtQjKfT oJr TJrPe hPvr rJjL mJKeP\q
annual report 2009

KTZMaJ Kmrk knJm kKruKf yP~PZ FfhxPS xJCgA mqJT F xJPu rJjL mJKeP\q xPJw\jT kmOK uJn TPrPZ mqJTKar
oJa rJjL mJKe\q yP~PZ 46,724.47 KoKu~j (ACFx cuJr 674.53 KoKu~j) aJTJr pJ 2008 Fr fujJ~ kJ~ 11% mvL

KmVf 6 (Z~) mZPrr rJjL mJKeP\qr fJKuTJ KjP hS~J yu
kKrYJujJ kwtPhr kKfPmhj
mZr rJjL mJKeP\qr kKroJe rJjL mJKeP\qr kKroJe
ACFx cuJr (KoKu~Pj) aJTJ (KoKu~Pj)
2004 112.32 6,761.93
2005 202.41 13,511.10
2006 369.64 25,874.61
2007 423.10 28,771.36
2008 611.28 42,178.60
2009 674.53 46,724.47

26. mPhKvT rKoaqJ IJyrPe - 2009

hPvr jfJjL~ kVKfvLu IJiMKjT mqJT KyPxPm xJCgA mqJT 2009 xJPu 23,800.00 KoKu~j aJTJr xokKroJe mPhKvT
rKoaqJ IJyre TrPf xo yP~PZ pJ kNmtmftL mZPrr fujJ~ 56 vfJv mvL
xJCgA mqJT kmJxLPhr mKitf rKoaqJ xmJ khJPjr uPq hPvr fkNet JjPuJPf Kj\ vJUJ jaS~JTt VPz fuPZ
kJvJkJKv rKoaqJ xmJ xJiJre oJjMPwr WPr kRPZ h~Jr \jq hPvr xMjJoijq FjK\SPuJr xJPg rKoaqJPr Igt hsf Kmfre YMK
xJhj TPrPZ, pJr AKfmJYT xMlu oJjMw APfJoPiq kPf TPrPZ FZJzJ jfj jfj FPY yJC\ S KmPhvL mqJTPuJr xJPg
rKoaqJ kre YMK xJhj TPrPZ, pJr oJiqPo kmJPx mxmJxrf kmJxL mrJ hsf, KjrJkh S xy\ kKfPf hPv Igt kre TrPf
kJrPZ pMrJs, pMrJ\q, TJjJcJ, AfJuL, xRKhIJrm, SoJj, mJyrJAj, xpM IJrm IJKorJPfr 32Ka kKfJPjr xJPg JKkf
rKoaqJ kre mqmJ mvLr nJV kmJxLPhr YJKyhJ IjMpJ~L KjntrPpJVq xmJ khJj TrPf xo kmJxLrJS FPhr oJiqPo Igt kre
kmJxLPhr kP~J\Pjr f IjMiJmj TPr xJCgA mqJT KmPvr fkNet vyPr Kj\ xJmKxKc~JrL (xJCgA FPY TJJjL)
Jkj TrJr KxJ Vye TPrPZ Fr oJiqPo kmJxLrJ rKoaqJPr Igt krPer P pMVJTJrL S xMmet xMPpJV uJn TrPm
xJCgA mqJPTr KmPvwf FA p, APuTasKjT kpMKr pgJpg mqmyJPrr oJiqPo hPvr kfq IPu kJkPTr yJPf rKoaqJPr Igt
hsf kRPZ h~Jr xMmqmJ TPrPZ
mPhKvT rKoaqJPr Igt hv VbPj mqJkT nKoTJ rJUPZ IgtjLKfr Ijqfo YJKuTJ vK mPu KmPmKYf mPhKvT rKoaqJ mvL kKroJPe
IJyrPer oJiqPo xJCgA mqJT hPvr IgtjLKf xoOTrPe ChJr xyPpJVLr nKoTJ kJuj TPr pJP F uPq rKoaqJPr Igt KmKjP~JV
kK~J~ xJKuf TrPf xJCgA mqJT kmJxLPhr \jq jJjJ kTJr hs KmKjP~JV xMKmiJ khJjxy jfj jfj x~ Ko kmftj TPrPZ F
xTu TJptPor oJiqPo hPvr mPhKvT oMhsJr Kr\Jnt xMxyfTrPe xJCgA mqJPTr TJptTr nKoTJ KmPvwnJPm ueL~

27. mPhKvT kKfx (Correspondent) xTt

IJohJjL rJjL mJKe\q, VqJrJK S rKoaqJ Kjntr nJJPhr mPhKvT mJKe\q hsffr S xMYJnJPm kKrYJujJ TrJr uPq xJCgA
mqJPTr Corresponding Banking Team hv KmPhPvr IJ\tJKfT UqJKfxj mqJTPuJr xJPg kKfx xTt JkPj xmthJA
mqJPTr IJ\tJKfT mJKeP\q oJVf kmOK koJe TPr p, mqJTKa KmPvr vs mqJTPuJr xMhO| IJJ I\tPj xo yP~PZ
mqJTKa xJlPuqr xJPg International Finance Corporation (World Bank Fr Subsidiary) FMO S Asian Development
Bank Fr of IJ\tJKfT UqJKfxj xJr xJPg mPhKvT mJKe\q xJ TJpto YJKuP~ pJP 31v KcPxr 2009 F mqJTKar
KmPhvL TPrxkPx mqJPTr xUqJ hJzJ~ 589, pJ KmPvr 95Ka hPv KmOf

28. SWIFT TJpto

xJCgA mqJT fJr TPktJPra, KrPaAu S mJKe\q Kjntr VJyTPhr KjrmKj, KjntrPpJVq S ^KTyLj mPhKvT oMhsJr ujPhj xJhPjr
uPq 2000 xJu gPT SWIFT (Society for Worldwide Interbank Financial Telecommunication) TJpto YJKuP~ pJP
IJorJ VPmtr xJPg muPf kJKr p, hvL~ mqJKT xPr IJoJPhr SWIFT Unit Fr xhxqrJ hfJ, IKnfJ S kpMKVf JPjr KhT
gPT vsPfr hJKmhJr
Vf hv mZPrr kKrxPr IJoJPhr IKn SWIFT Unit xJCgA mqJPTr IJ\tJKfT ujPhPjr P IKnjm kpMKVf CTwt xJij
TPrPZ pJPf TPr mqJPTr mPhKvT mJKe\q S mPhKvT oMhsJr ujPhj Kjntu S KjrmKjnJPm YuPf kJPr
annual report 2009

2009 xJPur vwnJPV mqJPTr SWIFT Unit Kfj Prr SWIFT xPpJV xmJ YJuM TPrPZ pJr oJiqPo mqJPTr vJUJPuJ SWIFT
Network Fr xJPg TJj mJiJ ZJzJA xmte xpM IJPZ

29. as\JrL TJpto S fyKmu mqmJkjJ

kKrYJujJ kwtPhr kKfPmhj

mqJPTr mqmxJ mOKr kP~J\Pj FTPpJPV JjL~ Fm mPhKvT oMhsJr fyKmu mqmJkjJ~ as\JrL xK~ nKoTJ kJuj TPr mqJPTr
mPhKvT oMhsJr ujPhj ^KT, fJruq ^KT, xMPhr yJr ^KT, xh S hJ~ mqmJkjJ Fm xPmtJkKr fyKmu mqmJkjJ kKroJk S fJr ^KT
yJPxr oJiqPoS as\JrL fJr hJK~f kJuj TPr IJiMKjT mqmxJ~LT kKf S Cjf kpMKr xyJ~fJ~ mJ\JPr KhTKjPhtvjJ KjetP~r oJiqPo
F KmnJV TJptTrL nKoTJ kJuj TPr FZJzJS IJoJPhr as\JrL Kao CRR (Cash Reserve Ratio) jVh \oJr IjMkJf Fm SLR
(Statutory Liquidity Requirement) KmKim IJmKvqT fJruq xrexy xTu KmKim Kj~o xM mqmJkjJ~ rJUPf xo y~
2009 xJPur oiqmftL xoP~ Kmv IgtQjKfT oJr TJrPe xm kiJj mPhKvT oMhsJ, keq Fm v~Jr mJ\Jr KZu Ifq IKKfvLu
2009 xJPur oJYt oJx gPT xMPhr yJr CPuUPpJVq kKroJPe jPo IJPx F kKrKKfPf ^KT mqmJkjJA KZu as\JrLr oNu uq
IJoJPhr as\JrL KmnJV F IKKfvLu xMPhr yJr S fJruq kKrKKfPf fyKmu mqmJkjJ S fJr IJjMwKT ^KT oJTJPmuJ~ TJptTrL
nKoTJ kJuj TPr as\JrL KmnJV fJr VJyT S TJCJr kJKatPT xPmtJo xmJ khJj TPr
mPhKvT oMhsJ KmKjo~ KmnJV xJrJ mZr \MPz hvmqJkL KmOf vJUJr oJiqPo CPuUPpJVq kKroJe mPhKvT oMhsJ ujPhj TPr FUJPj
CPuUq p, lPrj FPY c F mZr 2,030.00 KoKu~j AC.Fx cuJr mPhKvT oMhsJr ujPhj TPr, pJ 2008 xJu gPT 21.63%
mvL FZJzJS oMjJlJ I\tjTJrL KmnJV KyPxPm IJoJPhr as\JrL mPhKvT oMhsJ KmKjo~ TJpto gPT 417.39 KoKu~j aJTJ, JjL~
oMhsJmJ\Jr gPT 1,817.17 KoKu~j aJTJ Fm xrTJrL KmKjP~JVk ~-Km~ TJpto gPT 416.99 KoKu~j aJTJ IJ~ TPrPZ, pJ
2008 xJu gPT 62.22% mvL
h fyKmu mqmJkjJ Fm xPmtJ oMjJlJ I\tPjr uPq xJCgA mqJT xmthJ VJyToMUL xmJjLKf Vye TPrPZ Fm TPktJPra,
ToJKvt~Ju S KrPaAu VJyTPhr YJKyhJ KoaJPf jJjJoMUL xmJ YJuM TPrPZ

30. xh S hJ~ TKoKa (ALCO)

mJuJPhv mqJPTr jLKfoJuJ IjMpJ~L, KKfkPr h ^KT mqmJkjJr \jq mqJPTr FTKa kNet TJptTrL xh S hJ~ TKoKa (ALCO)
rP~PZ F TKoKa mqJPTr mqmJkjJ kKrYJuT, Ck-mqmJkjJ kKrYJuT Fm kiJj TJptJuP~r TRvuVfnJPm fkNet KmnJVL~
kiJjPhr KjP~ VKbf xh S hJ~ TKoKar xnJ kKfoJPx IjMKf y~ F TKoKa mqJPTr xMPhr yJr ^KT S fJruq ^KT kptJPuJYjJ
TPr Fm ^KT yJPxr kP~J\jL~ mqmJ Vye TPr

31. 2009 xJPur oMhsJmJ\Jr

2009 xJPu xJCgA mqJT oNhsJmJ\Jr TJptPo xK~nJPm IvVye TPr IgtQjKfT oJ Fm Ee kmOKr iLrVKfr TJrPe 2009
xJPur IJmqJT oMhsJmJ\JPr kYMr fJruq IJKiTq KZu Fr lPu 2009 xJPur mvLrnJV xoP~ oMhsJmJ\Jr Tu-rPa KjoMUL iJrJ
KZu mJuJPhv mqJTS rPkJ (Repo) yJr 8.50% gPT 4.50 Fm KrnJxt rPkJ (Reverse Repo) yJr 6.50% gPT 2.50% F
jJKoP~ IJPj FTA xoP~ TsL~ mqJT xsxJreoNuT oMhsJjLKf Vye TPr, pJr lPu IJmqJT Tu-ra UMmA TPo pJ~, pJ AKfyJPxr
xmtKj 0.10% F jPo IJPx 2009 xJPur FKku oJPxr gPTA xrTJrL as\JrL Kmu Fm mPr IK\tf IJ~ hsffJr xJPg jPo
IJxPf gJPT IJoJPhr mqJT oMhsJmJ\JPr xK~nJPm IvVye TPr Fm Ee yJr ^KT S ^KT fJruq TKoP~ xPmtJ oMjJlJ I\tj TrPf
xo y~ FZJzJ mqJT kJAoJrL KcuJr KyPxPm xrTJrL KxKTCKrKaP\r ~-KmP~ xK~nJPm IvVye TPr Fm F gPTS
CPuUPpJVq kKroJe oMjJlJ I\tj TPr

32. IlPvJr mqJKT ACKja (OBU)

AKkP\c FuJTJr rJjLoMUL 100% KmPhvL KvTJrUJjJxoNy, KmPhPv ImJjrf mJuJPhvL jJVKrT S hPvr oPiq ImJjrf KmPhvL
TJJjLKuPT xTu kTJr mqJKT xMKmiJ S IgtJ~j xMKmiJ hS~Jr uPq xJCgA mqJT dJTJ AKkP\c FuJTJ~ fJr kgo IlPvJr
mqJKT ACKja (OBU) Fr TJpto 30v KcPxr 2009 A fJKrPU TPrPZ
mqJPTr OBU mqJKT xmJ pgJ xKnx/TJPr/aJot KcPkJK\a, Ee xMKmiJ (S~JKTt TqJKkaJu IgtJ~j), rJjL Kmu KcxTJCK AfqJKh
jJjJ irPjr xMKmiJ khJj TrPf kJrPm

33. fgq S kpMK

xJCgA mqJT xmthJA fJr VJyTPhr Cjf xmJ khJPj ILTJrJm IJr fJA, IJiMKjT kpMK xoKjf Cjffr mqJKT xmJ khJPjr
KjKoP F mZr mqJT mv KTZM fkNet khPk Vye TPrPZ fjPiq CPuUPpJVq yu TsL~nJPm Kj~Kf TJr mqJKT xlaS~qJr
TJptTrnJPm YJuMTre, S~JAc FKr~J jaS~JTt Fr IJiMKjTLTre, ~xNet cJaJ xJr /CkJ Ts S cJaJ KrTnJrL xJAa / CkJ
kMjrJr xJAa Jkj
IJiMKjT mqJKT xmJ khJPjr xmPYP~ CPuUPpJVq oJiqo yPuJ xsJuJA\c mqJKT xlaS~qJr mqJT hvmqJkL fJr xTu
vJUJxoNPyr fgq TsL~nJPm xre S Kj~Per KjKoP mqJT IJuKaoJx" jJPo FTKa TJr mqJKT xlaS~qJPrr mqmyJr
annual report 2009

TPrPZ mqJT IJuKaoJx" Ifq IJiMKjT S KjrJkh kpMKr xojP~ fKr TrJ yP~PZ mqJT IJuKaoJx" FTKa SP~m mA\c
xlaS~qJr, pJr xTu fgq xrKf y~ SrJTu" cJaJPmAP\, pJ mftoJj xoP~r xmPYP~ KjrJkh cJaJPmA\ xlaS~qJr Fr \jq

mqmf yP IJiMKjTfo Fm KjrJkh IkJPrKa KxPo xJj xJuJKr\" xoKjf xJntJr mqJT IJuKaoJx" F xpM yP~PZ Cjffr
kKrYJujJ kwtPhr kKfPmhj
mqJKT xJKntx oKcCuxoNypJr oJiqPo mqJT IKf xoP~ VJyTPhr IPjT jfj jfj xmJ khJj TrPf kJrPm FZJzJS F
xlaS~qJPrr xJyJPpq mqJT FKaFo, AJrPja mqJKT, oJmJAu mqJKT AfqJKh IJiMKjTfo xmJS VJyTPhr hJrPVJzJ~ kRZJPf
xo yPm
IJiMKjT xmJ khJPjr kJvJkJKv mqJT fJr xTu fPgqr KmPvwe fgJ jJjJKmi kKrxUqJj xJ KrPkJatS kJPm FA xlaS~qJPrr
oJiqPo pJr luvsKfPf kKrYJujJ kKrwPhr KxJ VyPe xyJ~T IPjT rfkNet fgq hsffo xoP~ khJj TrJ pJPm FZJzJS TsL~
mqJPTr KmKnj fgqKjntr KrPkJat S mPxu-2 Fr of fkNet fgqnJJrS FA xlaS~qJPr xJyJPpq khJj TrJ xm yPm
FA xlaS~qJPrr oJiqPo FTA xJPg AxuJoL vJUJxoNy fJPhr vrL~Jy& KnKT mqJKT xmJ khJj TrPf kJrPm pJ TsL~ mqJPTr
AxuJoL mqJKT VJAc uJAjPT IjMxre TPr fKr TrJ yP~PZ
mqJT fJr KmOf vJUJxoNPyr xJPg kKf oMyPft xpM gPT fgq xre, Kj~e S vJUJxoNPyr oPiq VJyTPhr IJmqJKT xmJ
khJPjr KjKoP Ifq KjrmKj S KjrJkh S~JAc FKr~J jaS~JTt JkPjr \jq mqmyJr TPrPZ KmvUqJf \MKjkJr jaS~JTt KcnJA\,
lJAmJr IkKaT TqJmu S rKcS KuT Fm Kn-xqJa KoKc~J fJZJzJ TsL~nJPm xrKf fPgqr KjrJkJ khJPjr \jq mqmyJr TrJ
yP~PZ TKCaJr FqPxJKxP~vj, ACFxF yPf xVOyLf IJiMKjT jaS~JTt oqJPj\Po xlaS~qJr
IKf xsKf mqJT fJr Kj\ nmj, ACjMx xJr, KhuTvJ mJKeK\qT FuJTJ, dJTJPf Ifq IJiMKjT kpMK xoKjf cJaJ xJr
JkPjr TJ\ xj TPrPZ Fm CrJPf cJaJ KrTnJrL xJAa JkjS xj TPrPZ IJkaJAo AKKaKaCa Fr aJ~Jr-3 KjPhtvjJ

34. oJjm xh Cj~j

mqJPTr of FTKa IJKgtT kKfJPjr YNzJ uq I\tPjr P xMh oJjm xhPT xmtJKiT FTT fkNet Fm oNuqmJj vK KyPxPm
KmPmYjJ TrJ y~ F iJreJPT xJoPj rPU Fm xPmtJ kmOK I\tPjr uPq xJCgA mqJT FTKa xoKjf oJjm xh xVy Fm
Cj~j TRvu Vye TPrPZ mqJT KjKf p Cjf oJjm xh TRvu ImuPjr oJiqPo CT oJPjr TotL xVy, fJPhr hfJ mOK,
xO\jvLufJ, IJjMVfq Fm mqJPTr kKf hO| ILTJr uJPn xogt yPm
kNetJ uq I\tPjr \jq kP~J\j FT\j h mqmJkT Fm KjJmJj TotLmJKyjL, pJrJ KjP\Phr TJ\Ku xojP~r oJiqPo xJoPj FKVP~
KjPf xo Vf kPjr mxPr xJCgA mqJPTr oJjm xh KmnJV fJr F kP~J\j kKrkNetnJPm I\tPjr uPq VPz fPuPZ xmPYP~
nJu Fm h TotLmJKyjL, pJrJ mqJKT kvJ~ Ifq xMKjkMe mqJT fJr TotLPhr \jq Foj FT YoTJr TotkKrPmv frL TPrPZ
pUJPj huVf TotOyJ, Cjf TotkJ S xO\jvLufJr KmTJv WPa xJCgA mqJT jfMPjr kJvJkJKv IKn TotTftJPhr KjP~JPVr
P FTKa xMKjKht KjP~JV kK~J IjMpJ~L pJVqfJxj S oiJmLPhr KjP~JV KhP~ gJPT F P IKiT xUqT YJTrL kfqJvLPhr
oiq yPf TPbJr S kK~Jr oJiqPo xmPYP~ pJVqfJxj kJgtLPhr mJZJA TrJ y~
xKbT xUqJ Fm oiJ IjMpJ~L TotTftJPT xKbT xoP~, xKbT JPj KjpM TrJr uPq F KcKnvj TJKyLjnJPm kPYJ YJKuP~ gJPT
pJPf fJrJ xMh S lukxNnJPm hJK~f kJuPj xo y~ FaJ KjKf p, xMh S lukxN TotTftJ-TotYJrL kKfJPjr xPhr oJj
xrPer kJvJkJKv Kj~T xJr vft kNrPe TJptTr nKoTJ kJuj TPr gJPT
31v KcPxr 2009 fJKrPU mqJPTr oJa \jmu 1402 \j fjPiq 113 \j KjmtJyL, 1141 \j TotTftJ Fm 148 \j Ijq TotYJrL
rP~PZ 2009 xJPu mqJT 277 \j TotTftJ/TotYJrL KjP~JV hJj TPrPZ fJr oPiq 63 \j IKn mqJTJr Fm xhq kJv TrJ 214
\j mqJT 2009 xJPu 178 \j TotTftJPT kPhJjKf khJj TPrPZ
IJiMKjT mqJKT kKf kKvPer uPq 2009 xJPu F KcKnvj xMxyf khPk Vye TPrPZ Kj\ kKve AjKKaCaxy
KmIJAKmFo Fm IjqJjq xrTJrL mxrTJrL KvJ kKfJPj 107 Ka kKve TotvJuJ, xKojJr S TJPxtr IJP~J\j TrJ yP~KZu
FfhmqfLf mqJT 2009 xJPu KmKnj KmvKmhqJuP~r 181 \j ZJ-ZJLPT KvJiLj kKvPer xMPpJV KhP~KZu
pJVqfJxj oJjmxh xVy, KjP~JV Fm ImqJyfnJPm iPr rJUJ oJjmxh jLKfr FTKa Ifq fkNet Kmw~ FPP xJCgA
mqJT xmxo~ C mfj S CxJy mJjJx khJPjr oJiqPo TotTftJ-TotYJrLVePT kreJ pJVJ~ FZJzJS F mqJPTr TotTftJ-TotYJrLVe
xm xo~ CxJymitT, JqkNet Fm kreJhJjTJrL kKrPmPvr oPiq TJ\ TPr gJPT mqJT VJYMAKa, nKmwq fyKmu Fm IPnJVTf
ZMKa jPVJhJ~Pjr of TotxNYL VyPer oJiqPo TotYJrLPhr IJgt-xJoJK\T KjrJkJ KjKf TPrPZ FZJzJS xJCgA mqJPTr oJjmxh
KmnJV p TJj vOuJ nPr WajJ WaJ oJA xM KmYJr KjKPfr uPq xo~of xKbT khPk Vye TPr gJPT

35. InqrLe Kj~e S kKrkJuj

xJCgA mqJT fJr hjKj TJpt kKrYJujJ~ InqrLe Kj~e S kKrkJuj oJjxoNy Fm xPmtJo InqrLe Kj~e kK~J TRvuxoNy
kKfJ~ kKfJm, pJ InqrLe Kj~e kKfPf LTf oJPjr jNqjfo xLoJ KjitJre TPr mqJPTr mqmJkjJ Tftk Ifq
annual report 2009

xK~nJPm KjitJKrf InqrLe Kj~e TRvuxoNPyr kKrkJuj TJptoPT kptJPuJYjJ, fhJrKT S j\rhJKr TPr gJPT
KmPvw TPr, FTKa JiLj KmnJV KyxJPm mqJPTr InqrLe Kj~e S kKrkJuj KmnJV mqJPTr InqrLe Kj~e S kKrkJuj oJjxoNPyr
kP~JV-TJptoPT hUJjJ TPr gJPT fJrJ InqrLe Kj~e mqgtfJr TJrPe pUJPj mz IJTJPrr ^KT KmhqoJj mqJPTr x xo

Tot-kK~JS KYKf TPr gJPT fJZJzJS, mqmJkjJ TftkPT xyJ~fJ TrJr uPq mKyKjrLTVe mqJPTr InqrLe Kj~e S

kKrYJujJ kwtPhr kKfPmhj

kKrkJuj kKf kptJPuJYjJkNmtT hjKj TJptPo KmhqoJj IgmJ xJmq InqrLe Kj~e S kKrkJuj hMmtufJxoNy KYKfTrPer oJiqPo
mqJPTr ^KTr oJJ Kjke TPr gJPT

36. jfj xmJxoNy

VJyTVePT moMUL xmJ khJj TrJ xJCgA mqJPTr FTKa Ijqfo kiJj uq FrA iJrJmJKyTfJ~ mqJPTr IJoJjf KnKPT
vKvJuL TrJr \jq 2009 xJPu mqJT KoKu~Kj~Jr KcPkJK\a Lo jJPo jfj FTKa IJoJjfL kT YJuM TPrPZ mJuJPhv mqJPTr
YJKyhJ IjMpJ~L VJyPTr xMKmiJPgt mqJT fJr keq S xmJr IJPmhj kxoNy kKrmftj TPrPZ FZJzJS 2009 xJPu mqJT IJiMKjT xTu
xMPpJV-xMKmiJ xj hvKa jfj vJUJ Fm hvKa SME xmJ khJj Ts YJuM TPrPZ

37. mJP\a Fm mJP\a Kj~e

mqJT Tftk DtoMUL kKrTjJ IjMxre (bottom up planning approach) TPr KmKnj vJUJxoNy gPT mJP\Par UJfxoNPyr
(poj IJoJjf, IKVo, uJn, mqmxJ AfqJKh) kJgKoT kJmjJ IJJj TPr kiJj TJptJuP~r mqmJkjJ Tftk vJUJxoNPyr CkJxoNy
xoj~ TPr mJxKrT mJP\Par UxzJ frL TPr mqmxJK~T jLKf S mqmJkT xPuj" F IJPuJYjJr oJiqPo mJP\a frL xj TPr
mqJPTr kKrYJujJ kwtPhr IjMPoJhPjr kr mJP\a mJmJ~Pjr \jq vJUJxoNPy kre TrJ y~ mqJT mqmJkjJ Tftk xJrJ mZr
mJP\Par KmkrLPf IK\tf KmKnj uqoJJxoNy KmvhnJPm kptJPuJYjJ TPr gJPT pJPf mJP\Par uqxoNy xKbT xoP~ I\tj xm y~

38. IJ~ S mqP~r UJfS~JrL KmPvwe

mqJPTr IJ~ S mqP~r Ckr FTKa xK KmPvwe KjP h~J yPuJ
xMh gPT IJ~
2009 xJPu xJCgA mqJPTr xMh gPT IJP~r kKroJe KZu 8,962.09 KoKu~j aJTJ, pJ 2008 xJPu KZu 7,530.74 KoKu~j aJTJ,
kmOKr yJr 19% F kmOKr jkPgq rP~PZ mqJT gPT h~J Ee S IKVo

xMh khJPjr \jq mq~

IJPuJYq mZPr xMPhr \jq mq~ KZu 7,843.24 KoKu~j aJTJ pJ 2008 xJPu KZu 6,210.70 KoKu~j aJTJ, kmOKr yJr 26%

jLa xMh IJ~

mqJPTr jLa xMh IJ~ 2009 xJPu hJzJ~ 1,118.86 KoKu~j aJTJ pJ Vf mZr KZu 1,320.04 KoKu~j aJTJ

KmKjP~JV yPf IJ~

Vf 2009 xJPu xJCgA mqJPTr KmKjP~JV gPT IJP~r kKroJe KZu 2,903.05 KoKu~j aJTJ pJ 2008 xJPu KZu 1,279.96 KoKu~j
aJTJ F UJPf IJPuJYq mZPr IJ~ 127% IgtJ 1,623.09 KoKu~j aJTJ mOK kJ~ KmKjP~JV gPT IJP~r CkJhJj KZu as\JrL Kmu S
mPr Ckr xMh Fm v~JPrr unqJv

IjqJjq IJ~
IJPuJYq 2009 xPj, mqJT TKovj, KmKjo~ Fm hJuJKu gPT IJ~ yP~PZ 1,644.23 KoKu~j aJTJ, pJ Vf 2008 xJPu KZu
1,264.28 KoKu~j aJTJ, kmOKr yJr 30% oNuf mKitf mqmxJ Fm Kl-KnKT TotTJ gPT F IJ~ FPxPZ

kKrYJuj mq~
2008 xJPu mqJPTr oJa kKrYJuj mq~ KZu 1,026.85 KoKu~j aJTJ pJ vfTrJ 21 nJV mPz 2009 xJPu yP~PZ 1,244.56 KoKu~j aJTJ

39. xPhr kJatlKuS

31v KcPxr, 2009 A fJKrPU mqJPTr oJa xPhr kKroJe KZu 112,676.98 KoKu~j aJTJ mqJPTr oJa xPhr Kovse KZu Kjk :
KoKu~j aJTJ~
jVh S jVPh xofuq 7,332.41
KmKjP~JV 21,350.23
Ee S IKVo 77,497.57
J~L xh 4,338.34
annual report 2009

IjqJjq xh 2,158.43
oJa xh 112,676.98

40. IJA.F.Fx Fm IJA.Fl.IJr.Fx. Fr TJptTJKrfJ kxPV
kKrYJujJ kwtPhr kKfPmhj
AJrjqJvjJu FTJCK JJct Fm AJrjqJvjJu lJAjqJjKv~Ju KrPkJKat KxPo, AKaKaCa Im YJatJct FTJCjPax& Im mJuJPhv
(IJAKxFKm), mJuJPhv mqJT Fm KxKTCKrKa\ S FPY TKovj (FxAKx) TftT VOyLf yP~PZ IJorJ IJoJPhr IJKgtT KmmreL kf
TrJr P CkPrJ jLKfoJuJ S kKf kKrkJuj TPrKZ

41. \JfL~ TJwJVJPr IJ~Tr KyxJPm \oJ

mqJT IJPuJYq mZPr \JfL~ TJwJVJPr IJ~Tr KyxJPm \oJ KhP~PZ 1,475.33 KoKu~j aJTJ pJ 2008 xJPu KZu 1,247.75 KoKu~j
aJTJ mqJPTr KmVf kJY mxPrr \JfL~ TJwJVJPr IJ~Tr KyxJPm \oJr kKroJe Kjk :

mZr KoKu~j aJTJ~

2009 1,475.33
2008 1,247.75
2007 1,185.64
2006 883.00
2005 543.27

42. KmVf kJY mZPrr TJpto kxNf IJ~

2009 xJPu mqJPTr TJpto kxNf IJ~ KZu 5,859.21 KoKu~j aJTJ pJr oPiq KZu jLa xMh IJ~, KmKjP~JV yPf IJ~, TKovj, FPY
S hJuJuL Fm IjqJjq IJ~ pJ 2008 xJPu KZu 4,039.43 KoKu~j aJTJ Fm kmOKr yJr vfTrJ 45 nJV mqJPTr KmVf kJY
mxPrr TJpto kxNf IJ~ Kjk :
mZr KoKu~j aJTJ
2009 5,859.21
2008 4,039.43
2007 3,817.97
2006 2,721.48
2005 2,046.90

43. KmVf kJY mxPrr oJa IKVPor kKroJe

mqJPTr IKVPor kKroJe Vf mZPrr 60,281.26 KoKu~j aJTJ gPT vfTrJ 29 nJV yJPr mPz IJPuJYq mZPr 77,497.57 KoKu~j
aJTJ~ CkjLf y~ mqJPTr KmVf kJY mxPrr oJa IKVPor kKroJe Kjk :
mZr KoKu~j aJTJ~ kmOKr yJr
2009 77,497.57 29%
2008 60,281.26 25%
2007 48,164.60 17%
2006 41,147.28 26%
2005 32,551.09 48%

44. TJpto kxNf oMjJlJ uJPn KmVf kJY mZPr kmOK

F mZr mqJT 4,614.66 KoKu~j aJTJ TJpto kxNf oMjJlJ I\tj TPr 2008 xPj mqJPTr TJpto kxNf oMjJlJ KZu 3,012.58
KoKu~j aJTJ mqJPTr KmVf kJY mxPrr TJpto kxNf oMjJlJr kKroJe Kjk :
mZr KoKu~j aJTJ~ kmOKr yJr
2009 4,614.66 53%
2008 3,012.58 3%
2007 2,916.20 41%
annual report 2009

2006 2,062.66 40%

2005 1,473.44 82%

45. KmVf kJY mZPr ATqAKar Ckr IJ~ yJr

kKrYJujJ kwtPhr kKfPmhj

mqJPTr ATqAKar Ckr IJ~ IJPuJYq 2009 xPj 16.51 vfJv y~, pJ Vf mZr KZu 12.06 vfJv mqJPTr KmVf kJY mZPr
ATqAKar Ckr IJP~r yJr Kjk :
mZr KraJjt Ij ATqAKa (%)
2009 16.51%
2008 12.06%
2007 19.90%
2006 17.98%
2005 17.64%

46. IJ~TPrr \jq xJj

mqJT IJPuJYq 2009 xPj IJ~TPrr \jq xJj KyxJPm rPUPZ 1,581.58 KoKu~j aJTJ pJ 2008 xJPu KZu 1,267.59 KoKu~j aJTJ

47. Tr kNmtmftL oMjJlJ

F mZr mqJT IPvseLTf EPer Ckr xJjxy T-Ee Fm xPy\jT Ee, KKfk mKyntf hlJxoNy, IJ~Tr AfqJKhr Ckr
kP~J\jL~ xJj xrPer kNPmt 4,614.66 KoKu~j aJTJ oMjJlJ I\tj TPr, pJ 2008 xPj KZu 3,012.58 KoKu~j aJTJ Fm kmOKr
yJr 53.18% nJV

48. Tr krmftL oMjJlJ

F mZr mqJT IPvseLTf EPer Ckr xJjxy TEe Fm xPy\jT Ee, KKfk mKyntf hlJxoNy, IJ~Tr AfqJKhr Ckr kP~J\jL~
xJj xrPer kr 1,870.19 KoKu~j aJTJ oMjJlJ I\tj TPr 2008 xPj mqJPTr Tr S IjqJjq xJj krmftL oMjJlJ KZu
887.24 KoKu~j aJTJ Fm kmOKr yJr 110.80% nJV

49. jLa oMjJlJ uJPn KmVf kJY mZPr kmOK

F mZr mqJT 1,870.19 KoKu~j aJTJ TJpto kKrYJujVf jLa oMjJlJ I\tj TPr 2008 xPj mqJPTr TJpto kKrYJujVf jLa
oMjJlJ KZu 887.24 KoKu~j aJTJ mqJPTr KmVf kJY mxPrr jLa oMjJlJr kKroJe Kjk :

mZr KoKu~j aJTJ~ kmOKr yJr

2009 1,870.19 110.80%
2008 887.24 - 27.41%
2007 1,222.97 34.41%
2006 909.88 143.15%
2005 374.20
50. TJptokxNf luJlu
F mZr mqJT KmfreTf IPvseLTf EPer Ckr xJjxy T-Ee Fm xPy\jT Ee, KKfk mKyntf hlJxoNy, IJ~Tr AfqJKhr
Ckr kP~J\jL~ xJj xrPer kNPmt 4,614.66 KoKu~j aJTJ kKrYJuj kxNf oMjJlJ IJ~ TPr 2008 xPj mqJPTr kKrYJuj kxNf
oMjJlJr kKroJe KZu 3,012.58 KoKu~j aJTJ Fm mqJPTr oMjJlJr kmOKr yJr 53.18% nJV m\J~ KZu mqJT KmVf mZPrr fujJ~
IJoJjf, IKVo, IJohJjL, rJjL Fm mPhKvT rKoaqJ F pgJPo 41%, 29%, 20%, 11% Fm 56% kmOK I\tj TPr
51. xrKf fyKmu
mqJT TJJjL FqJ 1991 Fr 24 iJrJ IjMpJ~L KmKnj xJj rJUJr kPr Fm IJ~Tr khJj S unqJv WJweJr kNPmt oMjJlJr 20%
IgtJ 690.35 KoKu~j aJTJ xrKf fyKmPu JjJr TrJ yP~PZ CPuUq, 31v KcPxr, 2009 fJKrPU oJa xrKf fyKmPur
kKroJe hJKzP~PZ 2,665.60 KoKu~j aJTJ~
52. VJyT xmJ
kKrmKftf KmvJ~Pjr kKrPkKPf, xJCgA mqJT KmTKvf Kmkej TotTJPr oJiqPo jfj YqJPu oJTJPmuJ S kKfPpJKVfJ~ KaPT
gJTJr \Pjq xyJ~T kJKfJKjT TJbJPoJ Vbj TPrPZ mqmxJ mJm mqJT KyPxPm nJmoNKft mOKr uPq xJCgA mqJT VJyTPTKsT
Kmw~ KmPmYjJ~ rPU oJPTtKa KmnJPVr IVtJPjJVJo kMjVtbj TPrPZ omitoJj Kmkej TotTJ S Cjf VJyT xmJ, xJoJK\T hJ~mfJ,
APn oqJPj\Po, keq jmJ~j Fm keq kK\vKj S KrkK\vKj AfqJKhr oJiqPo msqJPr nJmoNKft mOK TrPf xPY rP~PZ FaJ
annual report 2009

hLWtJ~L VJyT xTt JkPjr xJPg xJPg VJyTPhr kNetJ xoxqJ xoJiJPjr Kj~fJ KhP Fm ImPvPw mqJT FTAxJPg fJr KjP\r S
VJyPTr \Pjq uJn\jT ImJ xOKPf IVVJoL rP~PZ, pJ mqJPTr oNuqPmJiPT IJPrJ KmTKvf TPrPZ

VJyPTr kP~J\jA IJoJPhr kiJj IVJKiTJr Fm IJoJPhr xTu kPYJ KjKyf rP~PZ xrJxKr fJPhr xTu xoxqJ xoJiJPjr \Pjq
kKrYJujJ kwtPhr kKfPmhj
xPmtJT kpMKr KjrmKj mqmyJPrr oJiqPo xPmtJ VJyTPxmJ khJjA IJoJPhr JVJj Fm hfJ, xOKvLufJ S IJKrTfJr oJiqPo
VJyTPhr xoxqJ oaJPjJA IJoJPhr oNu uq IJorJ VmtPmJi TKr p xoJP\r KmKnj Prr VJyT poj TPktJPra VJyT, hs S oJ^JKr
VJyT S KrPaAu VJyTVPer xK I\tj TrPf kPrKZ jJrL, kMw, IKn mqmxJ~L, hvL-KmPhvL xrTJrL TotTftJ S CPhqJJ,
AKKj~Jr AfqJKh xTu vseLr VJyTPhr xTu YJKyhJ kNre TPr IJxKZ Fm fJPhr YJKyhJ kNrPe IJorJ IJoJPhr keq S xmJr oJPj
jfjf KjP~ FPxKZ IJorJ Kjfq jfj kPeqr xoJyJr WKaP~KZ pJPf IJoJPhr VJyTPhr xTu kTJr Kjfq-jKoKT YJKyhJ kNre y~
IJorJ kKfKj~fA IJoJPhr TPktJPra VJyTPhrPT KmOf kKrxPr mqJKT xmJ CkyJr hS~Jr YJ TrKZ Fm fJPhr jKoKT
mqmxJK~T kP~J\jL~fJr oPiq TPktJPra Kca keq, as\JKr keq, mPhKvT mJKe\q xyJ~fJ, KmKnj kT S KxKPTa Ee AfqJKh
Kmw~PuJr IJKgtT xoJiJPjr Kj~fJ khJj TrKZ
53. VPmweJ S Cj~j Fm kKve
xJCgA mqJT fJr 56Ka vJUJ Fm 10Ka Fx.Fo.A xJPrr xJyJPpq IJoJjf, mqmxJ S oMjJlJ~ CPuUPpJVq kmOK I\tPjr oJiqPo
15 mZPrr mqJKT TJpto xlufJr xJPg IKfo TPrPZ FA mqJT hPvr IJgt-xJoJK\T ImJr TgJ KmPmYjJ~ rPU fJr IJKgtT
hfJ IJrS mJzJPf IJVyL Fm mqJTKa fJr mftoJj ImJ xMxyf rJUPf Fm kmOK m\J~ rJUPf VPmweJ S kKve UJPf KmKjP~JPV
xmPYP~ mKv f h~ mqJTKa fJr kiJj TJptJuP~ kOgT VPmweJ S Cj~j KmnJV kKfJr KxJ KjP~PZ pJPf hPvr mqJKT
IgtQjKfT YuPTr Ckr xJmtKeT VPmweJ S IgtQjKfT KmPvwe YJKuP~ kKfPpJKVfJoNuT mJ\JPr xKbT ^KT mqmJkjJr oJiqPo
msqJAPo\, VJyTPxmJ S TothfJ mOK TrPf kJPr
2009 xJPu xJCgA mqJT asKj AjKKaCa TftT IJP~JK\f xmtPoJa 43Ka kKve TJxt, xKojJr S TotvJuJ IjMKf y~ FPf
kKveJgtLr xmtPoJa xUqJ KZu 1705, Fr KmkrLPf 2008 xJPu TotvJuJr xUqJ KZu 41Ka Fm kKveJgtL KZu 1513 TotvJuJPuJ
InqrLe Fm mJAPrr kKvT JrJ kKrYJKuf yP~PZ 2009 xJPu mqJPTr InqPr IjMKf kKvPer Kmmre KjP hS~J yPuJ :
kKve TJxt / TotvJuJ / xKojJr TJPxtr xUqJ kKveJgtLr xUqJ
1 mMKj~JKh kKve TJxt 4 165
2 Ee ^MKT mqmJkjJ 1 43
3 Kca Kr VKc 1 43
4 Fj Kk Fu mqmJkjJ S IJhJ~ 1 38
5 xh hJ~ mqmJkjJ 1 35
6 mPhKvT oMhsJ KmKjo~ ^MKT 1 35
7 lPrj rKoaqJ 1 137
8 InqrLe Kj~e S kKrkJuj 1 35
9 oJKj uJKr kKfPrJi 1 318
10 IJAKxKa F mqJT IJuKaoJx TJr mqJKT KxPo 1 274
11 KT~JKr IPaJPovj Fm FoIJAKxIJr kpMK 1 42
12 jfj oNuij TJbJPoJ (mqJPxu-2) 3 126
13 Kca TJct S asJPnu TJct IkJPrvj 1 20
14 IJoJjf mqmJkjJ S VJyT xmJ 1 21
15 FxKmFx-1, 2, 3 3 138
16 xMAla IkJPrvj 1 45
17 kiJj TJptJu~ \jJPru FTJC xoj~ 1 31
18 keq Kmkej Fm VJyT xmJ 1 52
19 mqJT xJ IjqJjq TotvJuJ 1 107
xmtPoJa InqrLe kKve 43 1705
InqrLe kKve ZJzJS FA mqJT xmtPoJa 110 \j KjmtJyL Fm TotTftJPT hv S KmPhPvr KmKnj kKve TJPxt kJKbP~PZ mJAPrr
FAxm kKve TJPxtr xK Kmmre KjPY hS~J yu :
kKve TJxt / TotvJuJ / xKojJr xKojJr TJPxtr xUqJ kKveJgtLr xUqJ
1 mMKj~JKh kKve TJxt KmIJAKmFo TftT IJP~JK\f KmKnj mqJKT 20 39
xKTtf kKve/TotvJuJ/ xKojJr (poj- Ee, mPhKvT mJKe\q,
\jJPru mqJKT, IJ\tJKfT mJKe\q, Fx Fo A IgtJ~j AfqJKh)
2 Km IJA Km Fo mqfLf hPvr IjqJjq kKve kKfJj TftT IJP~JK\f 38 63
KmKnj mqJKT xKTtf kKve / TotvJuJ/xKojJr (poj mJuJPhv
mqJT kKve FTJPcoL, mJPlhJ, FxAKx) mqJPxu, AxuJoL mqJKT
FFoFu, xMAla, TJr Kr oqJPj\Po, Kx, IJA, Km AfqJKh
annual report 2009

3 KmPhPv kKve TJxt /xKojJr / TotvJuJ 6 8

xmtPoJa 64 110

54. ^MKT mqmJkjJ

kKrYJujJ kwtPhr kKfPmhj

kfqJvJ oJfJPmT fJ xOK TrPf xogt Foj FTKa ^MKT mqmJkjJ TRvu IJoJPhr mqJPT rP~PZ, pJr oJiqPo IJoJPhr
kKfKfJoNuT ImJjPT xyf/Knj rTo TrJ xm F irPjr ImJj mqJPTr IJKgtT ^MKT S xMPpJV-xMKmiJxoNyPT h~o, Kj~e
S lukh TrPf xy\ TPr FZJzJS C TRvu mqJKT KvP KmhqoJj KmKnj irPjr ^MKTPT Kjke, kKfPrJi S kKfTJr TrPf
xyJ~fJ TrJr oJiqPo KmKiVf kKrkJuj, KjrJkh fPgqr IvLhJKrf S ^MKTKmw~T xPYfjfJ mOKr xJPg xJPg IKiTfr h kvJxj S
Kj~e IJPrJPkr uPq mqmxJ~ TJptPo mqmJkjJ Tftk TftT VOyLf pJmfL~ jLKf S kKfr kP~JPV mqJTPT xogt TPr fJPu
mqJPTr ^MKT mqmJkjJr FTKa kKfPmhj 76 j kOJ~ xKjPmKvf yu
55. oJPYt mqJKT TJpto
2009 xJPur 6A FKku KxKTCKrKa\ F FPY TKovPjr IjMPoJhPjr kr xJCgA mqJT kMK\mJ\JPrr xJmjJo~ mqK KmKjP~JVTJrL
S kJKfJKjT KmKjP~JVTJrLPT oJjxj xmJ h~Jr CPPvq 11A IJV 2009 yPf Fr oJPYt mqJKT TJpto TPr
IJ\PTr kKrftjvLu Fm IKr IgtQjKfT kKrKKfPf mqK KmKjP~JVTJrL Fm TPktJPra xJr \jq FTKa iJrJmJKyT Fm hLWtPo~JhL
kmOK kKrTjJr kP~J\jL~fJ rP~PZ oJPYt mqJT kiJjf xJmjJo~ KmKjP~JVTJrLPT IgtQjKfT xmJ Fm CkPhv KhP~ gJPT
FA IJPuJPT oJPYt mqJKT KmnJV kh xmJxoNy yP kJatPlJKuS oqJPj\Po IJJr rJAKa Im v~Jrx& Fm kJAPna kxPo
oJPYt mqJKT CA IKf I xoP~r oPiq fJkptkNet CjKf TPrPZ Fm VJyTPhr kP~J\jLfJ mMP^ fJPhrPT mKmi xmJ khJj TPr
oJPYt mqJKT IkJPrvPjr KTZ CPuUPpJVq xJluq KjPo fPu irJ yPuJ:
2009 xJPu oJPYt mqJT IkJPrvj yPf jLa oMjJlJ kJK 45.00 KoKu~j aJTJ ;
lJPc Fm jjlJPc IJP~r IjMkJf 79:21 KZu ;
VJyT xUqJ 400 f CjLfTre ;
kJatlKuS xJA\ 3,200.00 KoKu~j aJTJ~ CjLfTre ;
hKjT Vz ujPhj 100.00 KoKu~j aJTJ ;
KmKjP~JVTJrLPhr xfTtfJoNuT kKve h~J ;
kMK\ mJ\JPr KmKjP~JPVr KmKnj KhPTr Ckr TotLPhr kKve ;
VJyTPhr IKfKr xmJ h~Jr \jq TotLxUqJ mOK ;
VJyTPhr aKuPlJPjr oJiqPo ujPhPjr xMPpJV khJj, ujPhPjr Kmmre VJyTPT A-oAPur oJiqPo khJj TrJ, Ee xMKmiJ
khJj, VJyTPT krJovt khJj, KxKTCKrKa\ Fr KnKoNuT S TRvuVf VPmweJ TrJ ;
IJAKkS IJPmhj, rJAa v~Jr, mJjJx v~Jr, Kk IJA,Kk,S IJPmhj, unqJv xVy S mj Fm IjuJAj ujPhPjr P
VJyTPhr xyJ~fJ TrJ ;
InqrLe Kj~e S kKrkJuPjr \jq FTKa kOgT KmnJV Jkj TrJ Fm TotLPhr pPgJkpM kKvPer mqmJ TrJ ;
KxKTCKrKa\ F FPY TKovj, dJTJ T FPY Fm mJuJPhv mqJT Fr xTu KmKi S KjPhtvjJ IjMxre TPr TJpto
kKrYJujJ TrJ ;
YJr\j kJKfJKjT msJTJrPT xJmtKeT ujPhPjr \jq Int TrJ ; Fm
VJyTrJ FTA xJPg dJTJ Fm YVJo T FPY - F ujPhj TrPf xogt yP
2009 xJPur kJY oJPxr oPiq oJPYt mqJT TJpto gPT IJorJ CPuUPpJVq oMjJlJ I\tj TPrKZ IJVJoL KhjPuJPf xJCgA mqJT
Fr KmKnj irPjr VJyPTr \jq kJxKT fkNet xmJ khJPjr kKf uq rJUPm FA TJptPor Iv KyxJPm xJCgA mqJT dJTJ,
YVJo Fm KxPuPa UMm vLWsA IJrS jfMj 6Ka vJUJr CPJij TrPm FA khPPkr oJiqPo IJorJ xJKjf VJyTPT IJrS KmOf
jaS~JTt xMKmiJ khJj TrPf xogt ym Fm fJPhr KmKjP~JV yPf IJP~r KmOKfr xMPpJVPT vKvJuL Trm fPgqr Ckr IJJ S KmvJx
fKr TrJr \jq kiJj TJptJuP~ TsL~ xl&aS~qJr mqmyJr TrJ yPm
IJorJ mJ\JPr FTKa CPuUPpJVq Iv I\tj TrJr kKrTjJ TrKZ Fm FTA xJPg xJiJre KmKjP~JVTJrLPT xftTfJoNuT kKvPer
mqmJ TrKZ pJ VJyTPhrPT KmKjP~JPVr ^MKT kvoPj Fm jLa xh mOKPf xyJ~T yPm
56. AxuJoL mqJKT
xJCgA mqJT KuKoPac xjJfj mqJKT xmJr xJPg xJPg kiJj TJptJuP~ AxuJoL mqJKT KmnJV kKfJr oJiqPo kOgTnJPm \MuJA 28,
annual report 2009

2003 xJu gPT AxuJoL mqJKT TJpto TPr mqJT 2003 xJPu 3Ka AxuJoL mqJKT vJUJ UJPu Fm 2004 xJPu IJPrJ 2Ka

vJUJ UJuJr oJiqPo mqJPTr AxuJoL mqJKT vJUJr xUqJ 5KaPf CjLf TPr C vJUJPuJr oJiqPo VJyTPhr pgJrLKf AxuJoL
kKrYJujJ kwtPhr kKfPmhj
mqJKT xmJ khJj TrJ yP mqJT 31-12-2009 kpt oJa 56Ka vJUJ, 10Ka FxFoA Ts Fm 1Ka ImPvJr mqJKT ACKjPar
oJiqPo VJyT xmJ khJj TrPZ AyJr oPiq 5Ka AxuJoL mqJKT vJUJ rP~PZ AxuJoL mqJKT TJpto VKfvLu TrJr \jq mJuJPhv
mqJT 09-11-2009 A fJKrPUr KmIJrKkKc xJTtuJr j 15 Fr oJiqPo KhT-KjPhtvjJ khJj TPrPZ C xJTtuJr IjMxJPr mqJPTr
AxuJoL mqJKT CAPT kKrmftj TPr Vf 27-12-2009A fJKrU yPf kNetJ AxuJoL mqJKT KmnJPV kJKrf TrJ yP~PZ Fm
mJuJPhv mqJPTr xJPg KxIJrIJr/FxFuIJr xre TrJr \jq kOgTnJPm mJuJPhv mqJPTr KjPhtvjJ IjMxJPr IJuJhJ IJu-S~JKh~J
YuKf KyxJm UJuJ yP~PZ
mJuJPhv mqJPTr KjPhtvjJ, mqJT TJJKj FqJ 1991 Fm vrL~Jy& jLKfoJuJ IjMxJPr mqJT xTu kTJr AxuJoL mqJKT xmJ
VJyTPhr khJj TPr AxuJoL mqJKT vJUJPuJr IJoJjf xNetPk xjJfj mqJKT TJpto gPT IJuJhJ mqJT AxuJoL mqJKT
KyxJmxoNy xNet IJuJhJnJPm xre TPr gJPT VJyT TftT \oJTf IJoJjf IJu-S~JKh~J S oMhJrJmJ oNujLKfr KnKPf mqJT Vye
TPr Fm KmKnj AxuJoL kKfPf KmKjP~JV TrPZ Fm KmKjP~JV yPf kJ oMjJlJ IJoJjfTJrLPhr oPiq oMhJrJmJ oNujLKfr KnKPf mj
KcPxr 31, 2009 A fJKrPU xoJ KyxJm IjMxJPr AxuJoL mqJKT vJUJxoNPyr IJoJjf S KmKjP~JPVr kKroJe KZu pgJPo
10,307.54 KoKu~j Fm 4,842.20 KoKu~j Fm kmOKr yJr pgJPo 57% Fm 66% oJa IJohJKj S rJjL mqmxJr kKroJe KZu
pgJPo 1,890.81 KoKu~j Fm 1,723.11 KoKu~j, pJ kNmtmftL mZPrr fujJ~ CPuUPpJVq kKroJe mOK kP~PZ 2009 xJPu AxuJoL
mqJKT vJUJxoNPyr oJa UuJKk EPer kKroJe KZu 0.64 %
AxuJoL mqJKT TJpto kKrYJujJr \jq mqJPT hPvr vLwtJjL~ AxuJKoT KYJKmh Fm AxuJoL mqJTJr KjP~ FTKa vrL~Jy&
xMkJrnJA\JKr mJct rP~PZ C vrL~Jy& xMkJrnJA\JKr mJct AxuJoL mqJKT TJpto xKbTnJPm kKrYJujJr \jq jLKfoJuJ ke~j S
KhTKjPhtvjJ KhP~ gJPT
C vrL~Jy& mJct Fr fJmiJPj mqJT xTu kTJr KcPkJK\a, KmKjP~JV LoxoNy Fm jLKfoJuJ ke~j TPr gJPT 2009 xJPu
AxuJoL mqJKT vJUJxoNPyr COk S IJ~ mqP~r KyxJm 134 j kOJ~ h~J yu
57. Kca TJct
2005 xJPur xNYjJuV gPT xJCgC mqJT TJct KcKnvj omitoJj IVVKfr KhPT FKVP~ YuPZ pKhS kKf khPPk IJPrJ FTKa
jfj mqJT TJct mqmxJ~ ImfLet yP Fm pJr kKPf Kj~Kof KmrKfPf IJorJ Fee Fm Charge Fr xJPg IJPkJw TPr YPuKZ
fgJKk 2009 xJPu IJorJ 33.44 KoKu~j aJTJ Kja oMjJlJ I\tj TrPf xo yP~KZ pJ IJoJPhr kNmtmftL mZPrr I\tPjr gPT 40
vfJv mvL IJoJPhr mftoJj ImJj KKfvLu yPuS IJoJPhr IJVJoL uq IJPrJ xMhO| kmOK
IJoJPhr mftoJj VJyTPhr x TrPf Fm jfjPhr xmJ VyPe IJT TrPf kKfKj~fA IJorJ TJPct jfj xMKmiJ Fm xMPpJPVr
xoj~ WKaP~ pJK IJr FrA khJ IjMxre TrPf KVP~ SMS Push-Pull Fr oJiqPo VJyTPhr Transaction Alert, Balance
Enquiry xmJ khJPj xogtq yP~KZ Fm FrA iJrJmJKyTfJ~ IJorJ TJct YT xmJ YJuM TPrKZ pJ IJoJPhr ImJjPT VJyTPhr TJPZ
IJPrJ \jKk~ TPr fPuPZ
FZJzJS VJyTPhr jVh IPgtr KmT TJct xmJr omitoJj YJKyhJr KhPT uq rPU Fm American Express mqJT TftT
Travellers Cheque m TrJr kJJPu IJorJ Travel Card jJPo FTKa jfj TJct xmJ khJj TPrKZ, pJ Ifq
xoP~JkPpJVL Fm VJyTPhr IJJ I\tPj xogtq yP~PZ
IJiMKjTLTrPer FA IVpJJ~ IJoJPhr VJyTPhr IJPrJ IJiMKjT xmJ khJPjr uPq IJoJPhr krmftL khPk yPuJ Debit Card Fm
ATM xmJ kYuj TrJ Fr oJiqPo xJrJ hPv kJ~ 1000 ATM Fm 1800 POS (Point of Sale) Fr oJiqPo IJoJPhr
VJyTPhr xJmtKeT jVh CPJuj Fm TjJTJaJr xMKmiJ h~J pJPm IJorJ KmvJx TKr, IJoJPhr Cjf xmJ IJoJPhr mqJPTr xMjJo S
kmOKr kgPT IJPrJ oxOe TPr fuPm
58. vJUJ xsxJre TotxNYL
mftoJPj xJCgA mqJT hPvr CPuUPpJVq mqmxJ TsPuJPf oJa 56Ka vJUJ Fm 10Ka FxFoA xJKntx xJr Fr oJiqPo TJpto
kKrYJujJ TrPZ Fr oPiq 5Ka AxuJoL mqJKT S 14Ka kuL vJUJ Fm 1Ka ImPvJr mqJKT ACKja dJTJr rJjL kK~J\JfTre
FuJTJ~ rP~PZ 2009 xJPu mqJT vJUJ kKf xPmtJ oMjJlJ I\tj TPrPZ VJyTPhr mJzKf YJKyhJ oaJPf mqJT nKmwqPf jfj jfj
vJUJ UJuJr KxJ KjP~PZ, pJ mqmxJ-mJKeP\qr xsxJrPer P CPuUPpJVq ImhJj rJUPf kJrPm 2010 xJPu hPvr mqmxJ-mJKe\q
S TKwPP IgtJ~Pjr oJiqPo nJrxJoqkNet IgtQjKfT IVVKf I\tPjr uPq mJuJPhv mqJPTr IjMPoJhjPo mqJT 10Ka jfj vJUJ
annual report 2009

Fm 10Ka FxFoA xJr / TKw vJUJ UJuJr KxJ KjP~PZ vJUJPuJr oJiqPo Cjffr mqJKT xmJhJj IJoJPhr uq

59. mqJPTr Kca rKa

kKrYJujJ kwtPhr kKfPmhj

Kca rKa Kmmre hLWtPo~JhL Po~JhL omq
TJJjLr jJo
vseLoJj F+ Fx Ka-3
KxPu F kJx (kptJ KjrJkJ) nJu oJj
F vseLn mqJT/IJKgtT kKfJj IJKgtT kKfvsKf kNrPer P 31 KcPxr
Kca rKa PuJPT pgJxoP~ IJKgtT ILTJrxoNy xMKj~fJr KjPhtvT fJrPuqr 2008 fJKrPUr
AjlrPovj F kNrPe kptJ KjrJkJkNet mPu Veq TrJ CkJhJjxoNy Fm TJJjLr KjrLKf IJKgtT
xJKntPxx KuKoPac y~ F \JfL~ rKa FTKa TPktJPra oRuKnK xMxyf pKhS YuKf KmmreLr KnKPf
xJr kptJ Kca kJlJAu KjPhtv fyKmu mqmyJPrr kP~J\jL~fJ hLWt o~JPhr \jq
TPr Cfr vseLPf rKa Fr oJa KmKjP~JV kKfPpJKVfJPT mOK F rKa FKku
fujJ~, F P ^MKTr CkJhJjxoNy TrPf kJPr ^MKTr CkJhJjxoNy 5,2010 kpt
kKrmftjPpJVq Fm IJKgtT YJPkr xo~ To gJPT mum gJTPm
^MKT mJzJr xJmjJ gJPT
kKfPmhj khJPjr fJKrU : FKku 06, 2009 A

2009 xPjr mqJPTr Kca rKa TrJr \jq Kca rKa AjlrPovj F xJKntPxx KuKoPacPT hJK~f h~J yP~PZ fJPhr rKa
KrPkJat kJS~Jr kr fJ kKTJ~ kTJv TrJ yPm Fm fhJrTTJrL TftkPT \JjJPjJ yPm

60. TJJjL xMvJxj

hJK~fvLu mqmJkjJ S xMhO| fhJrTL mqmJr oJiqPo kvJxKjT xMvJxj IJrS \JrhJr TrJ mqJPTr oNujLKfPuJr Ijqfo mqJT
mqmJkjJ~ fJ Fm hJ~mfJ mOKr KjKoP kP~J\jL~ khPk Vye TrJ yP~PZ uq I\tPj mqJT xTu Pr kvJxKjT xMvJxj
2006 xJPur 20v lms~JrL fJKrPU KxKTCKrKa\ F FPY TKovj TftT \JKrTf kJkj j FxAKx/
KxFoIJrIJrKxKc/2006-158/FcKoj/02-08 F keLf KmiJjJmuL mqJT mJmJ~j TPrPZ IJoJPhr TJJjL xMvJxPjr FTKa kPrUJ
69 j kOJ~ xKjPmKvf yu

61. KmKim KjrLT KjP~JV

mqJPTr 14fo mJKwtT xJiJre xnJ~ oxJxt hJ nJKx YRiMrL F TJ-T ffL~ o~JPh mqJPTr mKyKjrLT KyxJPm KjP~JV h~J y~
mJuJPhv mqJPTr KmIJrKkKc xJTtuJr j-12 fJKrU : \MuJA 11, 2001 IjMxJPr fJrJ IJr KmKim KjrLT KyPxPm kMeKjP~JVPpJVq
j~ F kKPf IJVJoL 15fo mJKwtT xJiJre xnJ~ v~JrPyJJrPhr IjMPoJhPjr KnKPf jfj KmKim KjrLT KjP~JV h~J yPm

62. unqJv
mqJT xmthJ xJKjf v~JrPyJJrPhr xJPg IK\tf xJluq nJVJnJKV TrJr Ckr f IJPrJk TPr fhJjMxJPr 2009 xJPur \jq
kKrYJujJ kwth 35% oNuijL unqJv (mJjJx v~Jr) KmfrPer xMkJKrv TPrPZ FKa mqJPTr nJu unqJv WJweJr jLKfrA
mKykTJv mqJPTr oNuij mOKr oJiqPo v~JrPyJJrPhr xh mOKA yP mqJPTr oNu CPvq

63. kKrYJuT KjmtJYj

mqJPTr IJKatPTux& Im FPxJKxP~vj-Fr 105 (i) IJKatPTu IjMxJPr, kKrYJuTVPer FT-ffL~Jv IgmJ pKh fJPhr xUqJ Kfj mJ
KfPjr KefT jJ y~ xPP FT-ffL~JPvr TJZJTJKZ xUqT kKrYJuT fJPhr hJK~f gPT Imxr KjPmj KT fJrJ

64. TJJjLr xJoJK\T hJK~f

xJCgA mqJT hJK~fvLufJr xJPg mqmxJ kKrYJujJ TPr gJPT Fm xoJ\ S kKrPmPvr kKf Fr ImhJj rPU YPuPZ 2009 xJPu
TJJjLr xJoJK\T hJ~mfJr Ckr FTKa kKfPmhj I mJKwtT kKfPmhPjr 80 j kOJ~ h~J yu

65. nKmwqf uq - 2010

mxrJKiT TJPur KmvmqJkL IgtQjKfT oJ S IKrfJr oJP^S xJCgA mqJT 2008 xJPur fujJ~ 2009 xJPu TJpto kxNf oMjJlJ
annual report 2009

(Operating Profit) S IjqJjq IgtQjKfT oJkTJKbPf CPuUPpJVq kmOK uJn TPrPZ

jfj mZPr IJoJPhr uq IJPrJ Cjffr kmOK fJrA xJPg VJyTPhr xPmtJ xmJ S IJoJPhr KmKjP~JVTJrLPhr \jq xMxyf oMjJlJ
kKrYJujJ kwtPhr kKfPmhj
I\tPj IJorJ hO|nJPm IKTJrJm IJorJ IJoJPhr VJyTPhr xJlPuq KjP\PhrPT IjMWaT KyxJPm VPz fuPf xPY IKnjm
xmJkeq S IJ\tJKfT KmPv KjP\Phr jaS~JTt mOKr oJiqPo IJoJPhr TPktJPra VJyTPhr IJorJ IJohJjL S rJjL mJKeP\q xNet
xyJ~fJ khJj TrPf YJA
hs S oJ^JKr Kv (SME) hPvr VJoLe IgtjLKfPf fkNet nKoTJ kJuj TrPf kJPr hPvr SME UJPf hOJoNuT xmJ S
IgtJ~Pjr uPq IJorJ 2009 xJPu 10Ka SME Ts Jkj TPrKZ 2010 xJPu IJoJPhr uq SME TJptPo IKiT IgtJ~Pjr
oJiqPo VJoLe oJjMPwr \Lmj pJJr Cj~Pj ImhJj rJUJ
KrPaAu VJyTPhr Cjffr xmJ khJPjr uPq xJCgA mqJT ITJnJPm jfj jfj xmJkeq mJ\JPr KjP~ IJxPZ 2010 xJPu
IJorJ VJyTPhr xPmtJ xK khJPjr ILTJr KjP~ IJPrJ mOy KrPaAu VJyTTMu fKr TrPf YJA FA CPvq KjP~ IJorJ mqJPTr
fgq kpMKPT Cjf TPrKZ TsLnf mqJKT mqmJr kmftj yP~PZ fJr Ckr ATM jaS~JTt mOK, jfj x~L S Ee UJPf
xmJkeq CJmj Fm APuTasKjT mqJKT mqmJPT IJorJ 2010 xJPu IVJKiTJr KhP~KZ
IJorJ KmvJx TKr p hPvr IJgt-xJoJK\T Cj~Pj ImhJj rJUJ IJoJPhr TPktJPra xJoJK\T hJK~f 2010 xJPu IJorJ hPvr
xrTJPrr KmKnj Cj~joNuT TotTJP KjP\Phr xK~nJPm xO TrPf YJA APfJoPiq xJCgA mqJT hPvr YJozJKvPr xJPg
\Kzf TJKrVrPhr Ee xMKmiJ khJPjr uPq Leather Sector Business Promotion Council (LSBPC) Fr xJPg YMK xJhj
TPrPZ KmhMq CkJhj, ImTJbJPoJ Cj~j Fm hvL~ jhLPuJr jJmqfJ rJPgt xrTJPrr 1.6 KmKu~j ACFx cuJr csK\ kTP
IvVyPer \jq IJorJ VnLrnJPm IJVyL
2010 xJPu hvL~ mqJKT UJPf Basel-II Fr mJiqfJoNuT kP~JPVr xNYjJuPV xJCgA mqJT pMPVJkPpJVL ^MKT mqmJkjJ S CkpMtkKr
Kj~Per \jq hO| kKf IJorJ VnLrnJPm KmvJx TKr p Fr oJiqPo IJorJ mqJKT \VPfr IKrfJ S kKfTufJr KmkrLPf 2010
xJPu KjP\Phr FTKa xMxyf S Kj~Kf mqJT KyxJPm VPz fuPf kJrm mqJPTr h S oNuqmJj \jxh, IfqJiMKjT kpMK S
vKvJuL InqrLe Kj~ePT TJP\ uJKVP~ IJoJPhr KmKjP~JVTJrLPhr xh mOKr \jq xMhNrkxJrL TJpto KjP~ FKVP~ pJS~JA 2010
xJPu IJoJPhr uq

66. ijqmJh Jkj

2009 xJPu kKrYJuj TotTJP knf xJlPuqr \jq kKrYJujJ kwth oyJj IJuJy kJPTr TKr~J IJhJ~ TrPZ mqJPTr kKrYJujJ kwth
mqJPTr xJKjf VJyT, kOPkJwT Fm nJTJLPhr fJPhr ImqJyf xogtj S xyPpJKVfJr \jq IJKrT TffJ kTJv TrPZ
kKrYJujJ kwth mqJPTr mqmJkjJ kKrYJuT, KjPmKhfkJe KjmtJyLVe S IjqJjq TotTftJPhrPT fJPhr CxVtLTf xmJ khJPjr \jq
CKxf kvxJ TrPZ kKrYJujJ kwth Vek\JfL mJuJPhv xrTJr, mJuJPhv mqJT, pRgoNuijL TJJjL S kKfJjxoNPyr
KjmT, KxKTCKrKa\ F FPY TKovj, dJTJ S YVJo T FPY~PT fJPhr kvxjL~ xogtj S xyPpJKVfJr \jq ijqmJh
\JjJP FZJzJ, mqJPTr KjrLT oxJxt hJ nJKx YRiMrL F TJ-PT kKrYJujJ kwth KjrLJ S IJKgtT KmmreLxoNy fKrr TJpto
xo~of xj TrJ~ IJKrT ijqmJh \JjJP xJrJ mZrmqJkL mqJPTr KmKnj TotTJ S IjMJj xMrnJPm kYJr TrJ~ kKrYJujJ kwth
xmJh oJiqPor xJPg \Kzf xTu mqKmVtPT IJKrT ijqmJh \JjJP
xmtPvPw, kKrYJujJ kwth xJKjf v~JrPyJJrVePT IJKrT ijqmJh \JjJP Fm F kKfvsKf khJj TrPZ p, mqJPTr KnK IJrS
v Fm Cj~Pjr oJiqPo fJPhr Km-mnm mJzJPjJr kK~J ImqJyf gJTPm pJr Ckr xJKjf v~JrPyJJrVe IJJ rJUPf kJPrj

kKrYJujJ kwtPhr kP

IJuoVLr TmLr, FlKxF

annual report 2009

Report on
Corporate Governance
Southeast Bank is responsibly managed and supervised in fulfillment of the objective of adding value to the shareholder
wealth and contributing to the national economy. Our Corporate Governance principles serve the goal of strengthening
and consolidating company position with sustained growth objectives in materializing the trust placed in the company
by the shareholders, clients, employees and the general public. Fair practice, accountability, transparency, compliance,
value creation and corporate social responsibility are the pillars of our corporate governance. A comprehensive framework
of policies across all the areas of the Banks operations are set in place. The control mechanism is working well and has
further been strengthened in the Bank. The principles of corporate governance in practice have been strengthened and
are now embedded in the Banks overall activities. The Banks corporate governance structure comprises the following
parties and participants:

A) The Shareholders.
B) The Board
C) Bank Management
D) Regulatory Authorities and
E) Independent External Auditors

A. Shareholders
The shareholders of the Bank voice their views in the Annual General Meetings. The constructive suggestions of the
shareholders are implemented in the interest of the Bank. They by their considered votes approve Banks financial
statements, reports of the Board and that of the Auditors, declaration of dividend by the Bank, elect/re-elect directors of
the Bank and appoint External Auditors in the Annual General Meeting of the Bank. They also by their considered votes
pass special resolutions in Extra-Ordinary General Meetings in amending Memorandum and Articles of Association of
the Bank, issuance of Rights Shares, Bond by the Bank, etc. Our Share Division is shareholders relationship department.
Shareholders have right to information which we provide them timely. Any material change in the Bank concerning
shareholder interest or any price sensitive information is quickly dispensed with for information of the shareholders and
potential investors. The Bank Management also holds meaningful dialogue with the shareholders for both qualitative
and quantitative improvement of the Bank.

B. Board of Directors
The Board of Directors is the body responsible for corporate governance, devising policies and determining objectives for
stewardship of Banks resources. The Board of Directors consists of 16 (sixteen) Directors including the Managing
annual report 2009

Director. The Chairman, in his absence, the Vice Chairman, presides over meetings of the Board of Directors, Annual
General Meetings and the Extra-Ordinary General Meetings.

Participants in Corporate Governance

Board of

Bank Authorities
annual report 2009

annual report 2009
The Board held a threadbare discussion on the memorandum dated January 5, 2010 on the subject and adopted the
following resolutions.
Resolved that:
i) The Board appreciated the Management for the excellent growth in operating profit, deposit, loans and advances,
import, export and inward remittance in 2009. The operating profit rose to Tk.465.00 crore in 2009 from
Tk.303.00 crore of 2008 registering a growth of 53%.
ii) The Board stressed upon maintenance of Asset quality of the Bank and advised the Management to keep NPL at the
lowest level.
iii) The cost of Fund of the Bank in 2009 appeared to be in the highside. The Board advised that it be brought down by
pragmatic steps in 2010.
iv) Physical safety and security of assets of the Bank be kept under constant watch in order to avoid any untoward
v) Card Division of the Bank did not post good performance in 2009. The matter be addressed.
vi) Retail Banking be further streamlined in the Bank. Pace of SME finance and agriculture loan be augmented in line
with the policy directives of Bangladesh Bank.
vii) The sitting Managers of those branches which could not do well in 2009 be suitably changed. Non-performers in
the Bank be identified and they may be given the exit from the Bank.
viii) Supervisory and monitoring activities from Head Office be intensified to protect Banks exposures especially in large
loans. Efforts be also taken to reduce Banks large loans.
ix) Branches that performed well be suitably rewarded.
x) Savar and Konabari Branches be specially monitored for their momentum in business performance.
xi) The Management shall augment the pace of IT development of the Bank in order that more value added products
may be introduced in the Bank in 2010.
xii) Efforts be taken for product diversification and exploring more avenues for profit earning in 2010.
xiii) The position of Classified Loans of the Bank in 2009 shall be discussed elaborately at a meeting of the Board. In the
meantime, efforts be geared for recovery and regularization of classified loans of the Bank.
xiv) Compliance culture be improved in the Bank and any failure on the part of any employee to comply timely with any
regulatory requirement be dealt with seriously within the purview of Service Rules and regulations of the Bank.

A report on corporate governance of the Bank as per directives of the SEC dated February 20, 2006 is appended hereto.
Compliance report as per Securities & Exchange Commissions Notification dated 20th February, 2006 for all
companies listed with any Stock Exchange in Bangladesh in order to improve Corporate Governance in the
interest of Capital Market on Comply or Explain basis.
Compliance status
Condition Title (Put in the appropriate column) Remarks
No. Complied Not Complied
1.1 Boards size.
1.2(i) Independent Director.
1.2(ii) Appointment of Independent Director
1.3 Chairman of the Board and Chief
Executive Officer (CEO)
1.4 Boards Report.
1.4(a) Fairness of Financial Statements
1.4(b) Maintenance of proper books of
1.4(c) Appropriate accounting policies.
1.4(d) Compliance with International
Accounting Standards
1.4(e) Soundness of Internal Control System
1.4(f) Banks abilities to continue as a going
annual report 2009

1.4(g) Changes in operating results.

1.4(h) Three years financial data

Attendance of Directors in the meetings
A) Meeting of the Board of Directors

Name of the Directors Total no. of meetings Total Remarks

from 01.01.2009 to attendance
Alamgir Kabir, FCA 31 30 The Directors who
Ragibl Ali 31 25 could not attend any
M. A. Kashem 31 26 meeting were granted
Azim Uddin Ahmed 31 27 leave of absence
Tahnoun A. Harun 31 7
representing Bangla Capital Limited
Jusna Ara Kashem 31 26
Duluma Ahmed 31 29
Syed Shahid Ali 31 28
Rehana Rahman 31 6
Md. Akikur Rahman 31 8
M. A. Ahad 31 6
Sirat Monira 31 28
Abdul Hye 31 19
representing Karnafuli Tea Co. Ltd
Dr. Zaidi Sattar 31 26
A.H.M. Moazzem Hossain 31 31
Mahbubul Alam 31 11
Managing Director He joined the Bank
on 22.06.2009

B) Meeting of the Executive Committee of the Board of Directors

Name of the Directors Total no. of meetings Total Remarks

from 01.01.2009 to attendance
Alamgir Kabir, FCA 28 26 The Directors who could
Ragib Ali 28 14 not attend any meeting
M. A. Kashem 28 21 were granted leave of
Azim Uddin Azim 28 26 absence.
Tahnoun A. Harun 28 2
representing Bangla Capital Limited
Dr. Zaidi Sattar 28 23
A.H.M. Moazzem Hossain 28 28
Mahbubul Alam 28 14
Managing Director

C) Meeting of the Audit Committee of the Board of Directors

Name of the Directors Total no. of meetings Total Remarks

from 01.01.2009 to attendance
Azim Uddin Ahmed 4 4
M. A. Kashem 4 4
Dr. Zaidi Sattar 4 4
annual report 2009

(Independent Director)

D) Pattern of Shareholdings:
i) Shares held by Parent/Subsidiary/Associated Companies and other related Parties
ii) Ownership of Companys Securities by the Members of Board of Directors.
Sl. No. Name of the Directors No. of Shares Value in Tk. Percentage
1. Alamgir Kabir, FCA 385,280 385,28,000.00 1.13
2. Ragib Ali 963,657 963,65,700.00 2.82
3. M. A. Kashem 594,906 594,90,600.00 1.74
4. Azim Uddin Ahmed 936,522 936,52,200.00 2.74
5. Bangla Capital Limited 50,544 50,54,400.00 0.15
6. Jusna Ara Kashem 339,40 339,40,200.00 0.99
7. Duluma Ahmed 702,001 702,00,100.00 2.05
8. Syed Shahid Ali 142,745 142,74,500.00 0.42
9. Md. Akikur Rahman 315,393 315,39,300.00 0.92
10. M. A. Ahad 411,679 411,67,900.00 1.20
11. Rehana Rahman 434,985 434,98,500.00 1.27
12. Sirat Monira 4,500 4,50,000.00 0.01
13. Karnafuli Tea Co. Limited 6,063 6,06,300.00 0.02
14. Dr. Zaidi Sattar, Independent/Depositor Director - - -
15. A.H.M. Moazzem Hossain, Depositor Director - - -
16. Mahbubul Alam, Managing Director - - -
Total Shares : 52,87,677 52,87,67,700.00 15.45

iii) Shares held by Chief Executive Officer, Company Secretary, Chief Financial Officer, Head of Internal
Audit and their spouses and minor children.

Sl. No. Designation Shareholdings as

on 31.12.2009
1 a) Mahbubul Alam, Chief Executive Officer -
b) Spouse/Minor Children of CEO -
2 a) Muhammad Shahjahan, Company Secretary 42
b) Spouse/Minor Children of Company Secretary -
3 a) Arun Chandra Paul, Chief Financial Officer 2
b) Spouse / Minor Children of Chief Financial Officer -
4 a) Haradhan Banik, Head of Internal Audit -
b) Spouse / Minor Children of the Head of Internal Audit -

iv) Shares held by top five salaried Executives in the regular services of the Bank.

Sl. No. Designation Shareholdings as

on 31.12.2009
1. Syed Imtiaz Hasib, Deputy Managing Director -
2. Mohammed Gofran, Senior Executive Vice President -
3. Muhammad Shahjahan, Senior Executive Vice President 42
4. S. M. Mainuddin Chowdhury, Senior Executive Vice President -
5. Giash Uddin Ahmed, Senior Executive Vice President -

v) List of Shareholders holdings 10% and above shares in the Paid-Up-Capital of the Bank.
annual report 2009

Before approval, the credit proposals / portfolio of the bank are assessed in line with the policy guideline, sound
practices related to assessment of asset quality and disclosure of the credit risks to identify, measure, monitor and
control credit risk. Under the Basel II guideline, the Bank in near future is also expected to implement techniques to
Risk Management
determine and ensure holding adequate capital against these risks to be adequately compensated for risks incurred.
Post sanction follow ups and analysis are also conducted to ensure that quality of portfolio of the bank is not
deteriorated over the tenor of the loan facility. The Bank is undertaking its credit operations under separate units at
Head Office in allowing credit facilities to Garments Industry, Syndicated Loans, Project Finance, Trade Finance,
Consumer Loans etc. along with some special schemes like financing in the CNG Dedicated Buses and CNG Filling
Stations under Dhaka Clean Fuel Project, financing in Leather Sector under joint arrangement with Leather Sector
Business Promotion Counsel (LSBPC) of GoB and the CCS Scheme.

The function of the credit administration is conducted by a separate department, the Credit Administration
Department (CAD), for monitoring, supervision and recovery of deteriorated assets, equipped with experienced
professional bankers and lawyers.

To ensure control over credit risks, various internal control mechanisms for early identification of the potential
delinquent borrowers are in place. Regular reporting on the banking book assets and analysis like regulatory capital
analysis, concentration analysis, risk mitigation analysis, aging/ classification and default analysis etc. ensure such

04. Internal Control and Compliance Risk Management

In order to achieve optimal efficiency and maximum value from the available resources, the Bank, gives more
importance on the effective and strong management of the risk of its Internal Control and Compliance.

For efficient management of the Internal Control and Compliance Risk, the Bank has established the various Internal
Control Cycles or pre-defined Procedures, i.e Compliance Review Work Program (e.g, Departmental Control
Function Checklist, Quarterly Operation Report, Loan Documentation Checklist, MANCOM Certificate, Annual
Summary Report, Annual Health Report, etc) and considers the following factors for better management of the risk
of Internal Control and Compliance of the Bank:

i) Different Risks in the Banking Industry and its materiality.

ii) Bangladesh Bank Instructions and Guidelines.
iii)Countrys Laws, Rules and Regulations.
iv) Banks vision and goals.
v) Independence of Internal Control and Compliance Division.
vi) Surprise and annual Inspections of all the Branches and Divisions of the Bank.
vii)Compliance of all applicable Laws and Regulations and Instructions of all regulatory Authorities.
Implementation of recommendations of the External Auditors and Internal Control Teams and take
necessary remedial measures against existing and potential Internal Control and Compliance
weaknesses identified by them.
ix) Management review, monitoring and follow-up of the system of Internal Control and Compliance,
During the year 2009, Internal Control Teams of ICCD of SEBL and Inspection Teams of Bangladesh Bank carried
out inspection on different Branches and Divisions at Head Office of our Bank and submitted Report thereof.
Necessary remedial measures/corrective steps have been taken on the suggestions/observations made in the said
reports. The summary of key points of the reports were also presented and discussed in the meeting of the Audit
Committee of the Board of Directors. Appropriate actions have also been taken as per the decisions of the said
Committee for protecting the Banks interest.

05. Money Laundering Risk Management

In order to ensure the best corporate governance practices and aiming at protecting the Bank and its Employees,
Shareholders, Management and Customers, Southeast Bank Ltd. is committed to comply with all the applicable rules
of the Anti-Money Laundering Act-2009 and Anti-Terrorism Act-2009. The Bank is meticulous to actively prevent
annual report 2009

and take measures to guard against being used as a means of money laundering/terrorist financing and other activities
that facilitate the funding of terrorist or criminal activities.

Risk Management
Report on Risk Management

Southeast Bank Ltd. has already established an effective program to combat Money Laundering and Terrorist Financing.
The elements of the said program are communicated to all levels of personnel of the Bank to ensure a thorough
understanding of individual responsibilities, prompt identification of unusual activity and maintaining record retention
requirements set forth by the aforesaid regulations. The Bank has also implemented the aforesaid AML and ATF
Program which includes all the AML and ATF Principles in all the jurisdictions in which the Bank operates. All the
Clients Accounts are monitored by the Bank on an ongoing basis to detect unusual/suspicious transactions on the basis
of Transaction Profile provided by the client. Unusual/suspicious transactions, when detected, are reported to
Bangladesh Bank according to Anti-Money Laundering Act-2009 and Anti-Terrorism Act-2009. Periodical statements
including Cash Transaction Report (CTR) and necessary information as per requirements are also reported timely to the
competent authority of Bangladesh Bank.
An independent Central Compliance Unit (CCU) of the Bank is performing supervisory and monitorial activities for the
event of the aforesaid program on anti-money laundering and anti-terrorism financing. They also ensure that Bank
complies with all the anti-money laundering and anti-terrorism financing legislation, including the Know Your
Customer rules.

06. Information and Communication Technology (ICT) Risk Management

Information assets are critical to the services provided by the Bank to its customers. Protection and maintenance of these
assets are critical to its sustainability. The Bank has already taken initiatives to protect the information from
unauthorized access, modification, disclosure and destruction to protect customers interest. The Bank has already
introduced a number of logical protection levels between web layer and its core application and database layer, such as,
Router configuration with ACL (Access Control List) and Virtual Private Network (VPN) allowing traffic only to
required IP and service; Rule base Firewall restricts external traffic only to DMZ (Demilitarized Zone) hosts on required
service; Web Server IPS (Intrusion Prevention System) profile which should be capable of filtering out targeted attacks;
Application Server should be allowed only from front end server and on legitimate ports only; Consideration of hardware
based Data Encryption; Consideration of OTP (One Time Password) Token Technology.

The Bank has revised its own ICT (Information Communication Technology) policies on ICT Training, Problem
Management, Data Encryption, Business Continuity, Backup and Restore, and SLA (Service Level Agreement). The
topics are very detailed and are closely in line with the ICT guideline of Bangladesh Bank. Revised edition of ICT Policy
Book will be released shortly.

The Bank has developed a critical human resource backup plan with detail job description for each IT personnel,
segregation of duties for IT tasks and system support in respect of severity. Further to safeguard the bank has taken
insurance coverage for all its ICT asset from a reputed insurance company.
annual report 2009

Social Responsibility
Report on Corporate Social Responsibility
Southeast Banks banking practice is based on a network of relationship with its employees, customers, suppliers,
business associates, shareholders, regulatory authorities and the community. The Banks corporate social responsibility is
about addressing the needs of all the stakeholders in a way that advances its business and makes a positive and
meaningful contribution to the society.

The Banks business is dynamic and growing. This dynamism and growth comes from its skilled and experienced human
resource that can be found at every level of the organization. The Bank offers its employees very competitive pay package
and bonus that are reviewed on a continuous basis in line with the market dynamics. It provides the employees a safe
and congenial work environment. It also offers its employees handsome retirement benefits by way of Contributory
Provident Fund, Gratuity, Superannuation benefits, etc. As a consequence, Southeast Bank has emerged as a Bank with a
vision; workplace of choice of many. The Banks rapid growth in business presents opportunities for talented employees
annual report 2009

to take added responsibilities. The employees follow the ethical and other codes of conduct as embodied in the Service
Rules and Regulations of the Bank.

Corporate Social Responsibility
The need to focus on the need of customers is fundamental to banking business. Southeast bank discharges this vital
responsibility by offering financial products and services that truly meet their needs. In discharging this vital
responsibility, the Bank always strives to maintain the highest standard of ethics in the conduct of its business. The Bank
feels proud that these efforts have earned it the trust of the customers. This trust in turn motivates the Bank to carry out
every single transaction with the customers with the highest degree of commitment and transparency without any hidden
cost. The Bank looks upon the customers as its partners in business and sincerely endeavours to improve its relationship
with them for mutual benefit.

The Southeast bank is fully committed to protect the interest of its shareholders. Their constructive suggestions are
implemented for the betterment of the company. It releases enough disclosures for the information of the shareholders in
the Annual Reports, half-yearly financial statements, the print and electronic media and in the Banks website. It always
endeavours to enhance shareholders value by optimizing financial performance at least cost. Since inception, the Bank
has paid good dividends to the shareholders. The number of shareholders of the Bank is increasing that testifies their
unshakable trust in the Bank.

The Banks Business Associates

The Bank continuously endeavours to create a long-lasting win-win relationship with its suppliers and business associates
for mutual growth. Its relationship with them is based on mutual trust and respect. It deals with them in a fair and
transparent way. Southeast Bank enjoys credit lines from Correspondents and Foreign Banks and special credit line from
ADB and IFC.

The Bank continuously strives to ensure that its operations are environment-friendly and discourages financing projects
contrary to it. It has extended its helping hands to initiatives of community leaders for environment protection and
development. It is one of the leading participants in the beautification of Dhaka City. The beautification of the road-
island from Russell Square to Manik Miah Avenue was done by the Southeast Bank.

Southeast bank firmly believes that it is imperative to comply with the relevant laws, rules and regulations of all
regulatory authorities to be a responsible corporate citizen. The Banks business practices are transparent and are
appreciated by the regulators. The Bank operates cautiously observing the anti-money laundering practices.

Southeast Bank works to promote good community relations to foster a relationship of understanding, trust and
credibility. It has a long history of support for charitable causes. In 2009, Southeast Bank has spent Tk.24.75 million as
donations for education, sports, art, culture, health-care, community development, relief operations etc.
Our credit policy has been redesigned to avoid concentration of Banks credit in major cities and to encourage
distribution of credit in priority sectors particularly in Agriculture and SMEs.
A senseless killings of valiant army officers was committed by the misguided BDR personnel at BDR Headquarters,
Peelkhana, Dhaka on February 25, 2009. It widowed and orphaned innocent people and catapulted the affected families
annual report 2009

in distress and uncertainty. Southeast Bank pioneered and propagated an idea to stand by the affected families which
won it wide appreciation at different levels.

In accordance with our devised formula, the Bank, in collaboration with the Government of Bangladesh, selected the
Corporate Social Responsibility following 7 (seven) bereaved families of the Shaheed Army Officers who embraced martyrdom at the carnage at BDR
Headquarters to stand by them. Each family is being given Tk.40,000.00 (Forty Thousand) only per month totaling
Tk.4,80,000.00 (Four Lac Eighty Thousand) only in a year and the contribution will continue for 10 (ten) years.
Sl. Name of the Shaheed Monthly Yearly Widow of Shaheed
No. Army Officers Contribution Contribution Army Officers
1. BA 1892 Tk. 40,000.00 Tk. 480,000.00 Ms. Farhana Bari
Brig. General Md. Abdul Bari
2. BA 1480 Tk. 40,000.00 Tk. 480,000.00 Ms. Nehrin Ferdousi
Col. Md. Mojibul Huq
3. BA 2324 Tk.40,000.00 Tk.480,000.00 Ms. Zobaida Begum
Col. Mohammad Mashiur Rahman
4. BA 2409 Tk.40,000.00 Tk.480,000.00 Ms. Loby Rahman
Col. Kudrat Elahi Rahman Shafiq
5. BA 2605 Tk.40,000.00 Tk.480,000.00 Ms. Mahbuba Begum
Maj. Md. Abdus Salam Khan
6. BA 2806 Tk.40,000.00 Tk.480,000.00 Ms. Munmun Rahman
Lt. Col. Md. Lutfur Rahman
7. BA 3716 Tk.40,000.00 Tk.480,000.00 Ms. Rita Rahman
Maj. Md. Mahbubur Rahman
Total : Tk. 33,60,000.00
First years contribution for Tk.33,60,000.00 (Thirty Three Lac Sixty Thousand) only was paid to the widows of the
Shaheed Army Officers at the Prime Ministers Office (PMO) on April 01, 2009.
Apart from the above, Southeast Bank also donated Tk.25,00,000.00 (Twenty Five Lac) only to the Prime Ministers
Relief Fund on 15 June, 2009 for relief operations amongst Cyclone Aila and other natural calamity victims.

National Economy
Southeast Bank has directly employed 1402 people in the service of the Bank. We have also generated employments
for thousands of men and women in the projects and industrial ventures established with our finance. The credit
policy of the Bank has also been so designed as to promote trade, commerce and industry which will ultimately
contribute to the growth of national economy. It will also help creation of employment opportunities. By mobilizing
deposits for the Bank, we have contributed to the formation of capital of the country. We have collected tax on
interest/profit earning of the depositors for the public exchequer. Our Bank has been a conduit for bringing foreign
remittance from Bangladeshi expatriates living abroad and thereby contributed to the overall foreign exchange reserve
of the country. We contributed handsome amounts to the national exchequer in the preceding years as corporate tax.

Southeast Bank Foundation

The Bank has also established the Southeast Bank Foundation to participate in social work in a more organized
manner. To meet corporate social responsibility, Southeast Bank Foundation has designed an educational program to
support meritorious students in the secondary education level of poor and low income families.
To begin with, a stipend program has been initiated for meritorious students who passed SSC examination in 2009.
Applications have been invited through newspaper announcement. A number of 2746 students from all the Boards
applied and only 230 of them have been qualified for stipend this year. They will receive Tk.1500 per month for the
academic session (2009-2011) along with a lump sum of Tk.4000 to purchase books and accessories.
The Foundation has also started a stipend program for the schools near and around the Southeast Bank Branches of
rural and semi urban areas. The concerned branches will act as the focal points. The selected students will receive
stipends while schools will receive necessary support to impart quality education. As many as 260 students have been
selected from the schools around 19 branches of the Bank. For students of class VII and VIII, the stipend is Tk.600
per month along with a lump sum of Tk.1500, while Tk.1000 per month is the amount of stipend for students of
class IX and class X; the lump sum for these classes is Tk-2500 only. The branch executives will liaise with the
schools and students regarding the stipend program. Minor revision in the in- built infrastructure will be made to
make environment of schools more student friendly. Gradually competent teachers of English and Mathematics will
annual report 2009

be provided to respective schools to ensure quality education.

Value Added Statement for the year ended 31st December, 2009
The value added statement for the Bank shows how the value is created and distributed among different stakeholders of the Bank.
Value added to the Bank stood at Tk.4,047.98 million as of December 31, 2009 as against Tk.2,656.58 million in 2008.

Taka in 'Million'

Particulars 2009 % 2008 %

Taka Taka
Income from Banking Services:
Interest and similar income on loan portfolios 8,962.09 7,530.74
Investment income 2,903.05 1,279.96
Commission, Exchange and Brokerage 1,644.23 1,264.28
Other Operating Income 193.08 175.16
13,702.45 10,250.14
Less: Cost of Services & Supplies
Interest paid on Deposits & Borrowings 7,843.24 6,210.70
Rent, Taxes, Insurance, Lighting etc. 170.56 126.24
Legal expenses 0.36 0.94
Postage, Stamp, Telegram & Telephone 54.02 57.70
Stationery, Printing, Advertisement 66.71 60.30
Directors' Fees and Expenses 3.44 2.22
Audit Fee 0.50 0.50
Repairs to Bank's property 30.24 32.32
Other expenses 292.50 229.88
8,461.57 6,720.80
Value Added by the Banking Services 5,240.88 3,529.34
Add: Non-banking income - -
Less: Loan Loss and Provisions
Specific provision on loan loss (923.50) (355.85)
Transfer to general provisions (186.69) (141.32)
Provision for Off-Balance Sheet Exposures (38.30) (205.93)
Provision for diminution in value of Investment - (144.16)
Provision for Other Assets (14.41) (10.50)
Transfer to SEBL Foundation (30.00) (15.00)

(1,192.90) (872.76)
Value Added 4,047.98 2,656.58

Distribution of Value Addition

Employees-as Salaries and Allowances 535.22 13.22% 439.05 17%
Provider of Capital - as dividend 1,149.83 28.41% 427.83 16%
Government - as income tax 1,581.58 39.07% 1,267.59 48%
Expansion & Growth:
Statutory Reserve 690.35 17.05% 430.97 16%
Retained Earnings - - 13.44 1%
Depreciation 91.00 2.25% 77.70 3%
4,047.98 100% 2,656.58 100%

Distributions of Value Addition

To employees as salaries & allowances
To shareholders as dividend
annual report 2009

To Government as income tax

To expanision & growth

86 2009 2008
Economic Value Added Statement for the year ended 31st December, 2009
Economic Value Added (EVA) indicates the true economic profit of a company. EVA is an estimate of the amount by which
earnings exceed or fall short of required minimum return for shareholders at comparable risks. EVA of the bank stood at
Tk.1,978.82 million as of December 31, 2009 as against Tk.867.49 million in 2008.

Taka in 'Million'
Economic Value Added
2009 2008
Particulars Taka Taka

Total Revenue 13,702.45 10,250.12

Less : Expenses (Interest & Operating) (9,087.79) (7,237.55)

Less : Corporate Tax (1,581.58) (1,267.59)

Less : Capital Changes (1,054.26) (877.49)

Economic Value Added 1,978.82 867.49

Capital Changes = Required Rate of Return X Total Capital & Reserves

Required Rate of Return (10.62%) = Return on 364-days Treasury Bills @4.62%+Risk Premium @6% in 2009

( Return on 364-days Treasury Bills @8.46%+Risk Premium @3% in 2008)

Total Capital & Reserves = Tk.9,927.16 million in 2009 (Tk.7,657.01 million in 2008)

Economic Value Added = Total Revenue - (Expenses + Corporate Tax + Capital Changes)

Economic Value Addition in 2009 Taka in Million

Total Revenue

Less : Expenses (Interest & Operating)


Less : Corporate Tax


Less : Capital Changes


Economic Value Added

annual report 2009

Market Value Added Statement for the year ended 31st December, 2009
Market Value Added (MVA) is the difference between the equity market value of a company and the book value of equity invested
in the company. A high MVA indicates that the company has created substantial wealth for the shareholders. MVA is equivalent to
the present value of all future expected Economic Value Added (EVA). The equity market value of the Bank stood at
Tk.11,397.38 million whereas the book value of equity stood at Tk.9,927.16 million, resulting a Market Value Added of
Tk.1,470.22 million as of December 31, 2009 as against Tk.1,412.98 million in 2008.

Taka in 'Million'
Market Value Added
2009 2008

Particulars Taka Taka

Market Value of Total Equity 11,397.38 9,069.99

Less: Book Value of Total Equity (9,927.16) (7,657.01)

Market Value Added 1,470.22 1,412.98

Total Number of Shares outstanding = 34,226,373 28,521,979

Market Value per Share = 333.00 318.00
Market Value of Total Equity = [Total Number of shares outstanding X Market value per share as on 31.12.09]
Market Value Added = [Market Value of Total Equity] - [Book Value of Total Equity]

Market Value Addition in 2009

Taka in Million





annual report 2009

2009 2008

Hoda Vasi Chowdhury & Co
Chartered Accountants
Independent Correspondent Firm to Deloitte Touche Tohmatsu

Auditors Report to the Shareholders of Southeast Bank Limited

We have audited the accompanying financial statements of Southeast Bank Limited (SEBL), which comprises the balance sheet
as at 31 December 2009 and the income statement, statement of changes in equity, liquidity statement and cash flow statement
for the year then ended, and a summary of significant accounting policies and other explanatory notes.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
Bangladesh Financial Reporting Standards (BFRS), Bank Companies Act 1991, the rules and regulations issued by the
Bangladesh Bank, the Companies Act 1994, the Securities and Exchanges Rules 1987 and other applicable laws and
regulations. This responsibility includes: designing, implementing, and maintaining internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting
and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.
Auditors Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Bangladesh Standards on Auditing (BSA). Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the entitys preparation and fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of
the entitys internal control. 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 financial
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
In our opinion, the Financial Statements prepared in accordance with Bangladesh Financial Reporting Standards, give a true
and fair view of the state of the bank's affairs as at 31 December 2009 and of the results of its operations and cash flows for the
year then ended and comply with the Bank Companies Act 1991, the rules and regulations issued by the Bangladesh Bank, the
Companies Act 1994, the Securities and Exchanges Rules 1987 and other applicable laws and regulations.
Further to our opinion in the above paragraph, we state that:
(i) We have obtained all the information and explanations which to the best of our knowledge and belief were necessary for
the purpose of our audit and made due verification thereof;
(ii) in our opinion, proper books of account as required by law have been kept by SEBL so far as it appeared from our
examination of those books and proper returns adequate for the purpose of our audit have been received from branches
not visited by us;
(iii) the SEBL's Balance Sheet and Profit and Loss Account together with the annexed notes 1 to 44 dealt with by the report
are in agreement with the books of account and returns;
(iv) the expenditure incurred was for the purpose of the SEBL's business;
(v) the financial position of SEBL as on 31 December 2009 and the profit for the year then ended have been properly
reflected in the financial statements and the financial statements have been prepared in accordance with the generally
accepted accounting principles;
(vi) the financial statements have been drawn up in conformity with the Bank Companies Act, 1991 and in accordance with
the accounting rules and regulations issued by the Bangladesh Bank;
(vii) the financial statements conform to the prescribed standards set in the accounting regulations issued by the Bangladesh
Bank after consultation with the professional accounting bodies of Bangladesh;
(viii) the records and statements submitted by the branches have been properly maintained and consolidated in the financial
(ix) adequate provisions have been made for advances and other assets which are, in our opinion, doubtful of recovery;
(x) the information and explanations required by us have been received and found satisfactory;
(xi) the Bank has no overseas branches; and
(xii) 80% of the risk- weighted assets have been reviewed by using two thousand and eight hundred man hours.
annual report 2009

Dhaka 11 March 2010 Chartered Accountants

IAS 1.10 (a)
Financial Statements
Balance Sheet as at 31 December 2009
IAS 1.51 (c)

IAS 1.38,39 31 December 31 December

2009 2008
IAS 1.113 Notes Taka Taka
IAS 1.54(i) Cash: 3
In hand (Including Foreign Currencies) 606,493,450 486,061,422
Balance with Bangladesh Bank & its agent Bank(s) 5,413,864,129 3,429,227,784
(Including Foreign Currencies) 6,020,357,579 3,915,289,206
IAS 1.54(d) Balances with Other Banks and Financial Institutions: 4 387,767,996 534,541,610
In Bangladesh 734,577,920 80,834,747
Outside Bangladesh 1,122,345,917 615,376,357
IAS 1.54(i) Money at Call on Short Notice 5 189,700,000 119,900,000
IAS 1.54(b) Investments: 6
Government 19,407,606,604 10,515,269,078
Others 1,942,627,246 1,784,337,793
21,350,233,850 12,299,606,871

IAS 1.54(h) Loans and Advances: 7

Loans, Cash Credit & Overdrafts etc. 7.2.A 73,466,742,724 56,223,855,904
Bills purchased and discounted 7.2.B 4,030,830,474 4,057,404,485
77,497,573,199 60,281,260,389
IAS 1.54(a) Fixed Assets including premises, furniture and fixtures 8 4,338,345,035 2,685,557,650
IAS 1.55,57(a) Other Assets 9 2,158,429,34 3 1,264,537,446
IAS 1.55,57(a) Non-banking assets - -
Total Assets 112,676,984,923 81,181,527,919


IAS 1.54(k) Borrowings from other banks, financial institutions and agents 10 261,836,236 1,561,993,125
IAS 1.54(m) Deposits and Other Accounts: 11
Current/Al-wadeeah current accounts and other accounts 11.1 6,226,255,141 5,235,642,551
Bills Payable 11.1 1,163,140,147 852,132,286
Savings Bank/Mudaraba savings deposits 11.1 6,694,031,711 3,477,918,663
Fixed deposits/Mudaraba fixed deposits 11.1 82,585,625,139 59,148,979,075
96,669,052,139 68,714,672,575
IAS 1.55,57(a) Other Liabilities 12 4,416,919,262 3,547,587,788
Total Liabilities 101,347,807,637 73,824,253,488
IAS 1.54(r),78(e) Capital/Shareholders' Equity:
IAS 1.54(r),78(e) Paid up Capital 13.2 3,422,637,300 2,852,197,800
IAS 1.54(r),78(e) Share Premium - 485,930,025
IAS 1.54(r),78(e) Statutory Reserve 14 2,665,605,000 1,975,251,800
IAS 1.54(r),78(e) General Reserve 15 247,650,000 247,650,000
IAS 1.54(r),78(e) Others Reserve 16 3,714,413,120 1,253,453,849
IAS 1.54(r),78(e) Surplus in profit and loss account/Retained Earnings 17 1,278,871,867 542,790,957
Total Shareholders' Equity 11,329,177,287 7,357,274,431
Total Liabilities and Shareholders' Equity 112,676,984,923 81,181,527,919
annual report 2009

Financial Statements
Balance Sheet as at 31 December 2009

IAS 1.38,39 31 December 31 December

2009 2008
IAS 1.113 Notes Taka Taka
IAS 37.28 Contingent liabilities
Acceptances and endorsements 18.1 12,020,156,780 15,359,632,013
Letters of Guarantee 18.2 6,034,183,466 6,165,108,183
Irrevocable Letters of Credit 18.3 15,013,644,393 8,010,077,676
Bills for Collection 18.4 2,059,440,636 1,768,093,138
35,127,425,276 31,302,911,010
Other Contingent Liabilities
Value of travelers' cheques on hand - 2,801,600
Value of Bangladesh Sanchay Patra on hand 523,555,000 273,991,000
523,555,000 276,792,600
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 - -
Claims against the Bank not acknowledged as debt - -
- -
Total Off-Balance Sheet items including contingent liabilities 35,650,980,276 31,579,703,610

These financial statements should be read in conjunction with the annexed notes 1 to 44

Managing Director Director Vice Chairman Chairman

See annexed auditors' report to the shareholders of date

Dhaka 11 March 2010 Chartered Accountants

annual report 2009

IAS 1.10 (b)
Financial Statements
Profit and Loss Account for the year ended 31 December 2009
IAS 1.51 (c)

IAS 1.38,39 31 December 31 December

2009 2008
IAS 1.113 Notes Taka Taka
Operating Income
IFRS 7.20(b) Interest and Discount Income 20 8,962,092,478 7,530,737,516
IFRS 7.20(b) Interest paid on Deposits & Borrowings 21 (7,843,236,025) (6,210,696,470)
IAS 1.85 Net Interest Income 1,118,856,453 1,320,041,046

Other Operating Income

IFRS 7.20(b) Income from Investment 22 2,903,053,436 1,279,958,931
IFRS 7.20(c) Commission, Exchange & Brokerage 23 1,644,226,192 1,264,275,929
IAS 1.85 Other Operating Income 24 193,078,838 175,158,455
4,740,358,466 2,719,393,315
IAS 1.85 Total Operating Income (A) 5,859,214,918 4,039,434,361
IAS 1.104 Salary and Allowances 25 526,015,328 430,658,117
IAS 1.97 Rent, Taxes, Insurance, Lighting etc. 26 170,558,136 126,243,895
IFRS 7.20(c) Legal expenses 359,253 940,755
IAS 1.97 Postage, Stamp, Telegram & Telephone 27 54,018,202 57,700,819
IAS 1.97 Stationery, Printing, Advertisement 28 66,715,189 60,298,509
IAS 1.97 Managing Director's remuneration 29 9,207,250 8,388,372
IAS 1.97 Directors' Fees and Expenses 30 3,440,553 2,226,637
IAS 1.97 Audit Fee 500,000 500,000
IAS 1.104 Depreciation on and repairs to Bank's property 31 121,238,874 110,015,744
IAS 1.97 Other expenses 32 292,503,364 229,881,824
IAS 1.85 Total Operating Expenses (B) 1,244,556,147 1,026,854,672
IAS 1.85 Profit/(Loss) before Provision (C=A-B) 4,614,658,771 3,012,579,689
IAS 1.97 Provision for Loans and Advances 12.1&12.2 1,110,185,000 497,165,000
IAS 1.97 Provision for Off-Balance Sheet Exposures 12.3 38,300,000 205,930,000
IAS 1.97 Provision for diminution in value of investment 33 - 144,163,000
IAS 1.97 Other Provisions 12.9 14,409,000 10,500,000
Total Provision (D) 1,162,894,000 857,758,000
Profit/(Loss) before Taxes (E=C-D) 3,451,764,771 2,154,821,689
IAS 1.82(d) Provision for Taxation (F) 12.7 1,581,579,531 1,267,586,652
IAS 1.82(f) Net Profit after Taxation (E-F) 1,870,185,240 887,235,037
IAS 1.85 Retained earnings brought forward from previous year 129,039,827 101,520,720
1,999,225,067 988,755,757
IAS 1.85 Appropriations :
Statutory Reserve 14 690,353,200 430,964,800
Amount transferred to SEBL Foundation 17 30,000,000 15,000,000
720,353,200 445,964,800
IAS 1.85 Retained surplus 1,278,871,867 542,790,957
IAS 33.66 Earnings per share (EPS) 38 54.64 25.92

These financial statements should be read in conjunction with the annexed notes 1 to 44

Managing Director Director Vice Chairman Chairman

See annexed auditors' report to the shareholders of date

annual report 2009

Dhaka 11 March 2010 Chartered Accountants

IAS 1.10 (d)
Financial Statements
Statement of Cash Flow for the year ended 31 December 2009
IAS 1.51 (c)

IAS 1.38,39 31 December 31 December

2009 2008
IAS 1.113 Notes Taka Taka

IAS 7.10 A. Cash Flow from Operating Activities :

IAS 7.31 Interest receipts in cash 10,509,289,650 8,481,664,188
IAS 7.31 Interest payment (7,425,614,632) (5,640,289,157)
IAS 7.31 Dividend receipts 22 15,500,611 31,117,643
IAS 7.14(b) Fees and commission receipts in cash 23 1,644,226,192 1,264,275,929
IAS 7.15 Recoveries on Loans previously written-off 24 3,827,501 8,933,151
IAS 7.14(d) Cash payments to employees (535,222,578) (439,046,489)
IAS 7.14 (c ) Cash payments to suppliers (68,951,459) (62,419,928)
IAS 7.35 Income taxes paid 12.5 (1,405,698,677) (955,272,937)
IAS 7.14(b) Receipts from other operating activities 34 189,251,337 163,536,472
IAS 7.14 (c ) Payments for other operating activities 35 (579,529,931) (450,379,768)
Operating profit before changes in operating assets and liabilities (i) 2,347,078,013 2,402,119,104

IAS 7.19(b) Increase / (Decrease) in operating Assets and Liabilities

Sale of trading securities 2,195,701,194 513,083,572
Purchase of trading securities (1,486,681,267) (1,242,289,948)
Loans & advances to other banks - -
Loans & advances to customers (17,216,312,810) (12,116,656,238)
Other Assets 36 (722,500,605) (429,759,546)
Deposits from other banks (1,300,156,889) 1,555,484,125
Deposits from customers 27,536,758,171 12,670,217,153
Trading Liabilities - -
Other Liabilities 37 (511,880,820) (137,857,633)
Cash received from operating assets and liabilities (ii) 8,494,926,973 812,221,484
Net cash inflow from operating activities (A=i+ii) 10,842,004,986 3,214,340,588
IAS 7.10 B. Cash Flow from Investing Activities :
IAS 7.16(d) Proceeds from sale of securities 12,837,225,250 11,828,919,528
IAS 7.16(c ) Payments for purchase of securities (20,966,627,781) (12,732,264,468)
IAS 7.16(a) Purchase of fixed assets 8.1 (690,399,678) (440,610,614)
IAS 7.16(b) Sale of fixed assets 24.1 533,157 3,097,612
IAS 7.16(g) Payment against lease obligation (29,122,069) (33,342,601)
Net cash inflow/(outflow) from investing activities (B) ( 8,848,391,122) (1,374,200,543)
IAS 7.10 C. Cash flows from financing activities :
IAS 7.31 Dividend paid 17 (427,829,670) (342,263,745)
IAS 7.17(a) Receipts from issue of right shares - -
Net cash inflow/(outflow) from financing activities (C) (427,829,670) (342,263,745)
IAS 7.50(d) D. Net increase / decrease in cash & cash equivalent (A+B+C) 1,565,784,194 1,497,876,300
E. Cash and cash equivalents at beginning period 11,278,505,671 9,780,629,371
F. Cash and cash equivalents at end of period (D+E) 12,844,289,865 11,278,505,671
IAS 7.45 Cash and cash equivalents at end of the year
Cash in hand and balance with Bangladesh Bank 3 6,020,357,579 3,915,289,206
Balance with other banks 4 1,122,345,917 615,376,357
Money at call and short notice 5 189,700,000 119,900,000
Treasury bills 5,506,036,370 6,621,830,308
annual report 2009

Prize bond 6 5,850,000 6,109,800

12,844,289,865 11,278,505,671

annual report 2009

IAS 1.10 (c)
Statement of Changes in Eqity for the year ended 31 December 2009
IAS 1.51 (c)

Particulars Paid-up Statutory Share Proposed General Other Retained Total

Capital Reserve Premium Reserve Reserve Earnings (Taka)
(Taka) (Taka) (Taka) Bonus Cash (Taka) (Taka) (Taka)
share dividend
(Taka) (Taka)

Balance at 1 January 2009 2,852,197,800 1,975,251,800 485,930,025 - - 247,650,000 1,253,453,849 542,790,957 7,357,274,431

IAS 1.106(b) Changes in accounting policy - - - - - - - - -

IAS 1.106 Restated balance 2,852,197,800 1,975,251,800 485,930,025 - - 247,650,000 1,253,453,849 542,790,957 7,357,274,431

IFRIC 1.6(a) Surplus/deficit on account of revaluation of properties - - - - - - 1,053,916,708 - 1,053,916,708

IFRIC 1.6(a) Surplus/deficit on account of revaluation of investments - - - - - - 1,407,042,563 - 1,407,042,563

IFRIC 1.6(a) Currency translation differences - - - - - - - - -

IFRIC 1.6(a) Net gain and losses not recognized in the income statement - - - - - - - - -

IAS 1.106(a) Net profit for the period - - - - - - - 1,870,185,240 1,870,185,240

IAS 1.107 Dividends (Bonus share) 570,439,500 (485,930,025) - - - (84,509,475) -

IAS 1.107 Dividends (Cash) - - - - - - - (427,829,670) (427,829,670)

IAS 1.106(d) Issue of share capital - - - - - - - - -

IAS 1.106(d) Appropriation made during the year - 690,353,200 - - - - - (690,353,200) -

IAS 1.106(d) Adjustment of Deferred Tax Liability - - - - - - - 26,325,015 26,325,015

IAS 1.106(d) Provision transferred from diminution in value of investments - - - - - - - 72,263,000 72,263,000

IAS 1.106(d) Transfer to SEBL Foundation - - - - - - - (30,000,000) (30,000,000)

Balance at 31 December, 2009 3,422,637,300 2,665,605,000 - - - 247,650,000 3,714,413,120 1,278,871,867 11,329,177,287

Balance at 31 December, 2008 2,852,197,800 1,975,251,800 485,930,025 - - 247,650,000 1,253,453,849 542,790,957 7,357,274,431
Financial Statements
IAS 1.65
IAS 1.51 (c)
Liquidity Statement (Assets and Libility Maturity Analysis) as at 31 December 2009

Particulars Up to 1 Month 1 - 3 months 3 - 12 months 1 - 5 years More than 5 years Total

Cash in Hand 6,020,357,579 - - - - 6,020,357,579
Balance with other banks & financial institutions 104,794,781 917,551,136 100,000,000 1,122,345,917
Money at call on short notice 189,700,000 - - - - 189,700,000
Investments 1,942,627,246 4,264,205,360 1,580,461,138 5,479,460,143 8,083,479,963 21,350,233,850
Loans and Advances 12,960,998,199 14,843,747,000 24,973,906,000 15,634,707,000 9,084,215,000 77,497,573,199
Fixed Assets including premises land & building, furniture & fixtures - - - 205,240,267 4,133,104,768 4,338,345,035
Other Assets 12,288,544 2,046,629,314 - 62,971,210 36,540,276 2,158,429,343
Non-Banking Assets
Total Assets (A) 21,230,766,348 22,072,132,809 26,654,367,138 21,382,378,620 21,337,340,007 112,676,984,923
Borrowings from Bangladesh Bank, other banks, - - - 448,000 261,388,236 261,836,236
financial institutions and agents
Deposits 20,429,072,000 22,873,600,000 38,384,467,000 10,962,482,139 4,019,431,000 96,669,052,139
Other Accounts - - - - - -
Provision & other liabilities 353,555,502 - 1,2 33,162,574 2,830,201,186 - 4,416,919,262
Total Liabilities (B) 20,782,627,502 22,873,600,000 39,617,629,574 13,793,131,325 4,280,819,236 101,347,807,637
Net Liquidity Gap (A-B) 448,138,847 (801,467,191) (12,963,262,436) 7,589,247,295 17,056,520,772 11,329,177,287
The following assumptions have been applied in preparing the maturity analysis:
i) Balance with other banks and financial institutions, Money at call on short notice are on the basis of their maturity.
ii) Investments are on the basis of their maturity.
iii) Loans and advances are on the basis of their maturity.
iv) Fixed assets including premises land & buildings, furniture & fixtures are on the basis of their useful life.
v) Other assets are on the basis of their adjustment.
vi) Borrowings from Bangladesh Bank, other banks, financial institutions and agents are on the basis of their payment.
vii) Deposits and other accounts are on the basis of their maturity and payment.
Financial Statements

viii) Provision and other liabilities are on the basis of their adjustment.

annual report 2009
Notes to the
IAS 1.10(e)
Financial Statements
IAS 1.51(c) Notes to the Financial Statements for the year ended 31 December 2009

IAS 1.138(a)(b) 1. The Bank and its activities

Status of the Bank
Southeast Bank Limited is a scheduled commercial bank in the private sector established
under the Bank Companies Act 1991 and incorporated in Bangladesh as a public limited
company to carry out banking business in Bangladesh.
Principal Activities of the Bank
The bank has 56 branches, with no overseas branch as on 31 December 2009. Except 5(five)
branches of Islamic Banking, the rest 51 branches run on commercial conventional basis and
10 (ten) Small and Medium Enterprise (SME) Service Centre in different location within the
country. Southeast Bank Limited offers services for all commercial banking needs of the
customers, which includes deposit banking, loans and advances, export import financing,
inland and international remittance facility, etc. The bank is listed with Dhaka Stock
Exchange Limited and Chittagong Stock Exchange Limited as a publicly traded company.
The bank operates Islamic banking in 5(five) branches designated for the purpose in
complying with the rules of Islamic Shariah, the modus operandi.
Merchant Banking Activities
Southeast Bank started its merchant bank operation after getting approval from Securities and
Exchange Commission on 6th April, 2009 and started commercial operation from 11th
August, 2009 with the object to provide quality services to the prospective institutional and
individual investors in the Capital Market. It is decisively providing the following services:
i. Portfolio Management Services
ii. Underwriting of Share
iii. Issue Management Services etc.
Off-Shore Banking
In order cater the varied financial needs of 100% foreign owned / joint venture industrial
units and foreign entities located in Export Processing Zones of the country, Southeast Bank
Limited obtained Off-Shore Banking License on 24th June, 2008 from Bangladesh Bank. The
Bank has opened its first Off-Shore Banking Unit at Dhaka Export Processing Zone, Savar on
30th December, 2009.
IAS 1.112(a) 2. Summary of significant accounting policies and basis of preparation
of the financial statements
IAS 1.117 2.1 Basis of preparation of the Financial Statements
The financial statements of the bank are made upto 31 December each year and are prepared
under the historical cost convention and in accordance with the First Schedule (Sec. 38) of
the Bank Companies Act 1991, BRPD Circular No. 14 dated 25 June 2003, other
Bangladesh Bank circulars, International Accounting Standards (IAS)/ International Financial
Reporting Standard (IFRS) adopted by the Institute of Chartered Accountants of Bangladesh
(ICAB), the Companies Act. 1994, the Securities & Exchange Rules 1987 and other laws &
regulations applicable in Bangladesh.
The financial statements of the Islamic branches have also been prepared as per Bank
Companies Act 1991, Bangladesh Accounting Standards (BAS)/Bangladesh Financial
Reporting Standard (BFRS) and other relevant laws & regulations. Books & records are
maintained separately. Separate balance sheet and profit and loss account are shown in
Annexure - A and the figures under different heads appearing in the annexure have been
annual report 2009

converted into relevant heads of counts under conventional banking for consolidation and

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
References have been made according to International Financial Reporting Standards (IFRSs) including
International Accounting Standards (IAS) and interpretations as approved on 1st January 2008.
IAS 1.51(d)(e) 2.2 Functional and presentation currency
These financial statements are presented in Taka, which is the Bank's functional currency.
Except as indicated figures have been rounded to the nearest taka.
IAS 1.119 2.3 Basis of consolidation
A separate set of records for consolidating the statement of affairs and income and
expenditure statements of the branches were maintained at the Head Office of the Bank in
Dhaka based on which these financial statements have been prepared.
IAS 1.122,125 2.4 Use of estimates and judgments
The preparation of the financial statements requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the reported
amounts of assets, liabilities, income and expenses. Actual results may differ from these
estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised and in
any future periods affected.
IAS 21.23 2.5 Foreign currency conversion
Transactions in foreign currencies are translated into Bangladeshi Taka and recorded at the
ruling exchange rates applicable on the date of transaction.
i) Assets and liabilities denominated in foreign currency are translated into Taka at the
weighted average rates at the balance sheet date.
ii) Transactions in foreign currencies are converted into Taka currency at the rate of
exchange prevailing on the dates of such transactions and any gains or losses thereon are
adjusted to revenue through foreign exchange trading account.
IAS 1.38,39 2.6 Comparative Information
As guided in paragraph 36 and 38 of BAS 1 Presentation of Financial Statements,
comparative information in respect of the previous year have been presented in all numerical
information in the financial statements and the narrative and descriptive information where,
it is relevant for understanding of the current year's financial statements.
IAS 1.36 2.7 Reporting period
These financial statements cover one calendar year form 1 January to 31 December 2009.
IAS 1.111 2.8 Cash flow statement
Paragraph 102 of BAS 1 presentation of financial statements requires that a cash flow
statement is to be prepared as it provides information about cash flows of the enterprise
which is useful in providing users of financial statements with a basis to asses the ability of
the enterprise to generate cash and cash equivalents and the needs of the enterprise to utilize
those cash flows. Cash flow statement has been prepared under the direct method for the
period, classified by operating, investing and financing activities as prescribed in paragraph
10 and 18 (a) of BAS 7 Cash Flow Statements.
IAS 1.114(c) 2.9 Statement of Changes in Equity
The Statement of changes in Equity reflects information about the increase or decrease in
net assets or wealth.
IFRS 7.39 2.10 Liquidity Statement (Asset & Liabilities Maturity Analysis)
The liquidity statement of assets and liabilities as on the reporting date has been prepared on
residual maturity term which has been given in the Statement.
IAS 1.119 2.11 Assets and basis of their valuation
IAS 7.45 2.11.1 Cash and cash equivalents
Cash and cash equivalents include notes and coins on hand, unrestricted balances held with
annual report 2009

Bangladesh Bank and highly liquid financial assets which are subject to insignificant risk of
changes in their fair value, and are used by the bank management for its short term commitments.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
IAS 1.119 2.11.2 Loans, Advances/Investments and provisions
a) Loans and advances of conventional Banking / Investments of Islamic Banking branches
are stated in the Balance Sheet on gross value.
b) Provision for loans and advances is made on the basis of periodical review by the
management and of instructions contained in Bangladesh Bank BRPD Circular no. 5
dated 5 June 2006. The classification rates are given below:
Particulars Rate
General provision on:
Unclassified loans and advances 1%
Small Enterprise 2%
Consumer finance for house building loan and loans for professional setup 2%
Other consumer finance 5%
Special mention account 5%

Specific provision on:

Substandard loans and advances 20%
Doubtful loans and advances 50%
Bad/loss loans and advances 100%

Loans and advances are written off to the extent that

i) there is no realistic prospect of recovery, and
ii) against which legal cases are filed and classified as bad loss for more than five years as per
guidelines of Bangladesh Bank.
These write off however will not undermine/affect the claim amount against the borrower.
Detailed memorandum records for all such write off accounts are maintained and followed up.
IAS 1.118 2.11.3 Investments
Investments are valued in compliance with BAS-25. All investment in securities are initially
recognized at cost, being fair value of the consideration given, including acquisition charges
associated with the investment. Premiums are amortized and discounts accredited, using the
effective yield method and are taking to discount income. The valuation of investment has
been enumerated as follows:
Items Applicable accounting value
Government treasury bill (HTM) At present value
T&T treasury bond At cost price
Zero coupon bond At present value
Bangladesh Government treasury bond At present value
Prize bond At cost price
Investment in shares (quoted) At cost or market value at the balance
sheet date whichever is lower.
Investment in Shares (Unquoted) At cost price
IAS 16.73(a) 2.11.4 Recognition of Fixed Assets
All Property and equipment are classified and grouped on the basis of their nature as required in
paragraph 78(a ) of BAS-1 Presentation of Financial Statements. The major categories of Property
and equipment held by the bank are property (land & Buildings), Furniture and fixtures, office
appliance, electrical appliances and motor vehicles. As per Para 31 of BAS 16 after recognition as
annual report 2009

an asset, an item of property, plant and equipment whose fair value can be measured reliably
shall be carried at a revalued amount, being its fair value at the date of the revaluation less any
subsequent accumulated depreciation and subsequent accumulated impairment losses.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
IAS 1.117(b) Assets acquired under own finance
As guided in paragraph 30 of BAS-16 Property Plant and equipment these are capitalized at
cost of acquisition and subsequently stated at cost less accumulated depreciation. The cost of
acquisition of an asset comprises its purchase price and directly attributable cost of bringing
the assets to its working condition for its intended use inclusive of inward fright, duties and
refundable taxes. The opening and closing carrying amounts of all property and equipment
are presented including the amount of additions, disposals and depreciation charged during
the year as required by paragraph 73(a-e) of BAS-16, maintanance expenses that does not
increase in the future economic benefit of assets is charged to profit & loss account.
IAS 17.31(e) Assets acquired under lease finance
As per BAS-17 "Lease" all fixed assets acquired under finance lease is accounted for
recording the asset at the lower of present value of minimum lease payments under the lease
agreements and the fair value of assets. The related obligation under the lease is accounted
for as liability. Financial charges are allocated to accounting period in a manner so as to
provide a constant rate of charge on the outstanding liability.
IAS 16.73(b)(c) 2.11.5 Depreciation on Fixed assets
As required in paragraph 43 of BAS-16 property Plant and equipment depreciation has been
charged at the following rates on reducing balance method on all fixed assets other than
vehicles, which are depreciated on straight line basis
Category of the assets Rate of depreciation
Land Nil
Building 4%
Furniture and fixtures 10%
Electrical installation including computer 20%
Typewriter, adding and calculating machine 20%
Vehicles 20%
Depreciation has been charged from the month of purchase and in case of sale upto the
month of sale. The gain or loss arising on the disposal or retirement of an asset is determined
as the difference between the sale proceeds and the carrying amount of the asset and is
recognized in the profit and loss account.
IAS 1.119 2.12 Liabilities and basis of their valuation
IAS 1.79(b) 2.12.1 Statutory reserve
As per section 24 of the Bank Companies Act 1991, 20% of the net profit i.e profit before
tax require to transfer to statutory reserve until such reserve equals to its paid up capital.
IAS 1.79(b) 2.12.2 Exchange equalization fund
This represents the amount arise from exchange gain due to devaluation of Bangladesh taka
with foreign currencies and is accounted for as per instruction issued by the Bangladesh bank
from time to time.
IAS 19.120 2.12.3 Retirement benefit schemes
Accounting recognition & measurement, as well as the disclosures requirements for different
benefit schemes for employees are the followings.
IAS 19.120 2.12.4 Provident fund
Provident fund benefits are given to the staff of the bank in accordance with the registered
Provident fund rules. The commissioner of Income Tax, Large Tax Payers Unit, Dhaka has
approved the Provident Fund as a recognized fund within the meaning of section 2(52) read
with the provisions of part - B of the First Schedule of Income Tax Ordinance 1984. The
fund is operated by a Board of Trustees consisting of 6 (six) members of the bank. All
confirmed employees of the bank are contributing 10% of their basic salary as subscription
of the fund. The bank also contributes equal amount to the fund. Contributions made by
annual report 2009

the bank are charged as expense. Interest earned from the investments is credited to the
members' account on half yearly basis.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
IAS 19.120 2.12.5 Gratuity
Gratuity fund benefits are given to the staff of the bank in accordance with the approved
Gratuity fund rules. National Board of Revenue has approved the gratuity fund as a
recognized gratuity fund with effect from December 2001. The fund is operated by a Board
of Trustees consisting of 7 (seven) members of the bank. Employees are entitled to gratuity
benefit after completion of minimum 7 (seven) years of service in the Company. The gratuity
is calculated on the basis of last basic pay and is payable at the rate of one month's basic pay
for every completed year of service. Gratuity so calculated are transferred to the fund and
charged to expenses of the bank.
IAS 19.120 2.12.6 Superannuation
The bank also contributes yearly amount to employees superannuation fund as per rules and
regulations of the fund recognized by the Tax Authority. Contribution of the bank to such
fund charged as expense of the bank.
IAS 1.119 2.12.7 Taxation
Income tax represent the sum of the current tax and deferred tax payable.
IAS 12.12,46 2.12.8 Current tax
Provision for current income tax has been made @ 42.5% as prescribed in the Finance Act
2009 on the accounting Profit made after considering some of the taxable add back income
and disallowance of expenditure in compliance with BAS-12.
IAS 12.47,15,24 2.12.9 Deferred taxation
The Bank has adopted deferred tax accounting policy as per Bangladesh Accounting Standard (BAS) 12.
Deferred tax liabilities are the amounts of Income tax payable in future periods in respect of
taxable temporary difference.
Deferred tax assets are the amount of income tax recoverable in future periods in respect of
n deductible temporary differences
n the carry forward of unused tax losses and
n Carry forward of unused tax credits
Deferred tax is computed at the prevailing tax rate as per Finance Act 2009.
IAS 37.85 2.12.10 Provisions and accrued expenses
In compliance with BAS-37, Provisions and accrued expenses are recognized in the financial
statements when the bank has a legal or constructive obligation as a result of past event, it is
probable that an outflow of economic benefit will be required to settle the obligation and a
reliable estimate can be made of the amount of the obligation.
IAS1.119 2.12.11 Provision for Off-Balance Sheet Exposures
In compliance with Bangladesh Bank guidelines Off-Balance Sheet items have been disclosed
under contingent liabilities. As per BRPD Circular No.10 dated September 18, 2007, Banks
are required to maintain provision @ 1% against Off-Balance Sheet Exposures (L/C,
Guarantee and Bills for Collection).
IAS1.119 2.12.12 Provision for Nostro Accounts
According to guideline of Foreign Exchange Policy Department of Bangladesh Bank, Circular
No. FEOD(FEMO)/01/2005-677 dated 13 September, 2005, Bank is not required to make
provision regarding the un-reconciled debit balance as at Balance Sheet date since there was
no debit entries more than three month.
IAS 1.119 2.13 Revenue recognition
Moment of recognition, amount to be recognized and disclosure requirements of revenue has
been made as per BAS-18
IAS 18.35(a) 2.13.1 Interest income
The interest receivable is recognized on accrual basis. Interest on loans and advances ceases to
be taken into income when such advances are classified. It is then kept in interest suspense
annual report 2009

account as per Bangladesh Bank instructions and such interest/profit is not accounted for as
income until realized from borrowers.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
Interest/ Profit are not charged on bad and loss loans as per guideline of Bangladesh Bank.
Such interest/profit are kept in separate memorandum account.
IAS 18.35(a) 2.13.2 Profit on investment (Islamic banking)
Mark-up on investment is taken into income account proportionately from profit receivable
account. Overdue charge/compensation on classified investments transferred to profit
suspense account instead of income account.
IAS 18.35(a) 2.13.3 Investment income
Income on investments is recognized on accrual basis.
IAS 18.35(a) 2.13.4 Fees and commission income
Fees and commission income arises on services provided by the Bank and recognized on a
cash receipt basis. Commission charged to customers on letters of credit and letters of
guarantee are credited to income at the time of effecting the transactions.
IAS 18.35(a) 2.13.5 Dividend income on shares
Dividend income from shares is recognized during the period in which they are declared and
actually received.
IAS 18.35(a) 2.13.6 Gain on sale of security
Capital gain on sale of securities listed in the stock exchanges is accounted as per BAS-39 i.e
only the realized profit from sale of securities are taken into Profit & Loss Account.
IAS 1.117(b) 2.13.7 Interest paid and other expenses (conventional banking)
Interest paid and other expenses are recognized on accrual basis.
IAS 1.117(b) 2.13.8 Profit paid on deposits (Islamic banking)
Profit paid to mudaraba deposits are recognized on accrual basis as per provisional rate.
IAS 1.117(b) 2.14 Reconciliation of inter-bank and inter-branch account
Accounts with regard to inter bank (in Bangladesh and outside Bangladesh) are reconciled
regularly and there are no material differences which may affect the financial statements
Unmatched entries/balances in case of inter branch transactions as on the reporting date are
not material.
IAS 1.114(d) 2.15 Risk Management
Risk Management is the key element for sound corporate governance of the Bank. With
a recent addition in regulatory mandates and increasingly active participation of
shareholders, the Bank has become increasingly concerned to identify areas of risks in
the business, whether it is financial, operational, ICT or reputation risk. Southeast Bank
identifies, measures, monitors and manages all risks of the Bank. Sophisticated risk
management framework is being implemented to carry out efficient risk management
exercises of the Bank including documenting and assessing risks, defining controls,
managing assessments and audit, identifying issues, implementing recommendations
and corrective plans. In accordance with Bangladesh Bank Guidance Notes, the Bank
has established a risk framework that consists of six core factors, i.e. (i) Credit Risk (ii)
Asset and Liability/Balance Sheet Risk (iii) Foreign Exchange Risk (iv) Internal Control
and Compliance Risk (v) Money Laundering Risk and (vi) Information and
Communication Technology Risk.
The Bank has also identified the following four key infrastructure components for effective
risk management programs:
i) Proactive Board of Directors and Senior Managements Supervision,
ii) Adequate Policies and Procedures,
iii) Proper Risk-Measurement, Monitoring and Management Information Systems and
Comprehensive Internal Controls.
annual report 2009

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
2.15.1 Business Risk
IFRS 7.33 a) Credit Risk
Financial institutions have faced difficulties over the years for a multitude of reasons,
however, the major causes of banking problems are directly related to poor risk
management and failure to cope with the changes in economic or other circumstances
that may lead to a deterioration in the credit standing of the counterparties. Credit risk
is most simply defined as the potential that a bank borrower or counterparty will fail to
meet its obligations in accordance with agreed terms. The goal of credit risk
management is to maximize a bank's risk-adjusted rate of return by maintaining credit
risk exposure within acceptable parameters. Banks need to manage the credit risk
inherent in the entire portfolio as well as the risk in individual credits or transactions.
For most banks, loans are the largest and most obvious source of credit risk. Banks are
increasingly facing credit risk (or counterparty risk) in various financial instruments
other than loans, including acceptances, interbank transactions, trade financing,
foreign exchange transactions, equities and in the extension of commitments and
guarantees, and the settlement of transactions.
The effective management of credit risk is a critical component of a comprehensive
approach to risk management and should specifically address the following areas: (i)
establishing an appropriate credit risk environment (ii) operating under a sound credit-
granting process (iii) maintaining an appropriate credit administration, measurement
and monitoring process and (iv) ensuring adequate controls over credit risk.
IAS 1.114(d) b) Operational Risk
Operational Risk is the risk of loss arising from the potential that inadequate
information system, technology failures, breaches in internal controls, fraud,
unforeseen catastrophes, or other operational problems may result in unexpected losses
or reputation problems. Failure to understand and manage this risk may greatly
increase the possibility that some risks will go unrecognized and uncontrolled.
Southeast Bank Limited has established an effective, integrated operational risk
management framework to mitigate the operational risk. Internal Control and
Compliance Division of the Bank with three units has been performing the supervisory
and monitoring works to manage this risk.
IFRS 7.33 c) Market Risk
i) Foreign Exchange Risk Management
Foreign exchange risk is the potential change in earnings derived from the unfavorable
movement in exchange rates. Foreign exchange transactions include foreign currency
exchange, placements, investments, loans, borrowings, and different contractual
agreements. Generally the bank is less exposed to foreign exchange risk as all the
transactions were carried out on behalf of the customers against underlying L/C
commitments and other remittance requirements. The bank has undertaken strong
policy guideline to regulate and monitor to minimize the risk due to exposure in
currency movement. Inspections by Internal Control & Compliance are regularly
ii) Interest Rate Risk
The interest rate risk is measured from earning perspective and the economic value
perspective. Interest rate risk arises from the unanticipated change in interest rate that
may adversely affect the earnings of bank and / or net worth. The more rate sensitive
assets and liability the bank has the more it is exposed to its interest rate risk. The Asset
Liability Committee (ALCO) of the bank closely monitors the interest rate movement
on a regular basis and takes appropriate measure to minimize the interest rate risk.
iii) Investment Risk
Investment risk arises from movement in market value of investment in equities held.
annual report 2009

The risks are monitored by Investment Division under a well designed policy

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
2.15.2. Liquidity Risk
IFRS 7.39(b) Asset Liability Risk Management
Asset Liability Management (ALM) is one of the key areas of risk management which mainly
focuses on liquidity and interest rate risk of the Bank. In 2009, the Bank managed its assets and
liabilities most prudently ensuring optimum liquidity with full compliance of regulatory
requirements. By closely monitoring the movement of Assets and Liabilities as well as interest rate
of the market, the Bank achieved a satisfactory net interest margin by reducing balance sheet risks.
ALM desk of the Treasury Department prepared monthly Asset Liability Committee (ALCO)
paper highlighting economic outlook and financial fundamentals of the Bank and arranged
ALCO meetings in every month.
2.15.3 Reputation Risk
IAS 1.114(d) Money Laundering Risk Management
Money Laundering is the participation in any transaction that seeks to conceal or disguise the
nature or origin of funds derived from illegal activities, for example, fraud, forgery, corruption,
drag trafficking, smuggling, theft or burglary, extortion, etc. The Bank maintains the highest
standards of Anti-Money Laundering (AML) compliance and the management and employees
adhere to these standards to prevent use of the Banks products and services for money laundering
or terrorist financing purpose.
The Bank examines its Anti-Money Laundering strategies, goals and objectives on an ongoing basis
and maintains an effective Anti-Money Laundering Program for the Banks business that reflects the
best practices for a diversified financial service provider. The program includes client screening and
monitoring requirements, Know Your Customer policies (including the requirement to establish
the identity of beneficial owners), policy for due diligence, record keeping requirements, the
reporting of suspicious transactions in accordance with applicable laws & regulations, training, etc.
IAS 1.114(d) 2.15.4 Control Risk
Internal Control & Compliance Risk Management
Effective internal control is essential to a bank for management of risk and it is the foundation of
safe and sound banking. A good system of internal controls helps the management to safeguard
the banks resources. The Board of Directors and Management of Southeast Bank Limited
(SEBL) take the plan of the Bank and adopt all the methods, policies & procedures as per
standard guidelines with a view to continually recognize and assess all of the material risks that
could adversely affect the achievement of the banks goals. The system of Internal Control of
SEBL has been designed with intention to provide reasonable assurance in achieving objectives
against material misstatement or loss and ensure the:
i) reliability of the financial information;
ii) effectiveness of operations;
iii) compliance with applicable laws and regulations;
iv) adherence to management policies;
v) safeguarding of Banks Assets;
vi) prevention and detection of fraud and errors; and
vii) accuracy and completeness of the accounting records.
Board of Directors, Board Audit Committee, Senior Management, each Division including
Internal Control & Compliance Division and Branches of SEBL are discharging their role on the
issue of managing the risk of Internal Control & Compliance effectively.
2.15.5 Information Technology Risk
IAS 1.114(d)
Information and Communication Technology (ICT) Risk Management
Information assets are critical to the services provided by the Bank to its customers. Protection
and maintenance of these assets are critical to its sustainability. Todays ICT infrastructure is
more often logical and virtual in nature rather than physical. It requires logical approach to define
critical functions for assessing threats and vulnerabilities and consequences of loss, degradation, or
compromise of these functions rather than physical assets or locations. The Bank has already
taken initiatives to protect the information from unauthorized access, modification, disclosure
annual report 2009

and destruction to protect customers interest. The Bank has already introduced number of
logical protection levels between web layer and its core application and database layer.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
In general, ICT risk management is embedded in organizational internal control and audit which
are widely used as part of the management control for risk management in organization. This
management control emphasizes both business control and technological control which support
business requirements and governance. Business and technological controls are involved in the
policies, processes, systems and people in the organization. The Bank has already revised its own
ICT policies on ICT Training, Problem Management, Data Encryption, Business Continuity,
Backup and Restore, and SLA (Service Level Agreement). The topics are very detailed and are
closely in line with the ICT guideline of Bangladesh Bank. The Bank has developed a critical
human resource backup plan with detail job description for each IT personnel, segregation of
duties for IT tasks and system support in respect of severity. Further to safeguard the bank has
taken insurance coverage for its entire ICT asset from a reputed insurance company.
IAS 1.117(b)) 2.16 Credit Rating of the Bank
As per the BRPD instruction circular No.6 dated July 5, 2006, the Bank has done its credit
rating by Credit Rating Information and Services limited (CRISL) based on the financial
statements dated 31 December 2008

Particulars Date of Rating Long term Short term

Entity Rating 06 April 2009 ST-3
Single A Plus
(Good Grade)
(Adequate safety)

IAS 1.114(a) 2.17 Compliance of Bangladesh Accounting Standard (BAS) and

Bangladesh Financial Reporting Standards (BFRS)
Name of BAS BAS No Status

Presentation of Financial Statements 1 Applied

Inventories 2 N/A
Cash Flow Statements 7 Applied
Accounting Policies, changes in Accounting Estimates and Errors 8 Applied
Events after the Balance sheet date 10 Applied
Construction Contracts 11 N/A
Income Taxes 12 Applied
Segment Reporting 14 Applied
Property ,Plant & Equipments 16 Applied
Leases 17 Applied
Revenue Recognition 18 Applied
Employee Benefits 19 Partially Applied
Accounting for Govt. Grants and disclosures of Govt. assistances 20 N/A
The effects of changes in Foreign exchange rates 21 Applied
Borrowing Cost 23 Applied
Related Party disclosure 24 Applied
Consolidated and separate Financial statements 27 N/A
Investment in Associates 28 N/A
Disclosures in Financial Statements of Banks and Similar
Financial Institutions 30 Applied
Interest in Joint Ventures 31 N/A
Earning Per Share 33 Applied
Interim Financial Reporting 34 Applied
Impairment of Assets 36 Applied
Provisions, Contingent Liabilities and Contingent Assets 37 Applied
Intangible Assets 38 Applied
annual report 2009

Investment Property 40 N/A

Agriculture 41 N/A

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
Name of BFRS BFRS No Status

Share Base Payment 2 N/A

Business Combinations 3 N/A
Non-Current Assets Held for Sale and discounted operations 5 N/A
Exploration for and Evaluation of Mineral Resources 6 N/A

IAS 1.114(d) 2.18 Off-balance sheet items

Under general banking transactions, liabilities against acceptance, endorsements, and other
obligations and bills against which acceptance has been given and claims exists there against,
have been shown as off balance sheet items.
Off Balance Sheet items have been disclosed under contingent liabilities and other
commitments as per Bangladesh Bank guidelines.
As per BRPD circular #10, dt 18 Sep 2007, 1% provision should be maintained against off-
balance sheet items.
IAS 1.117(b) 2.19 Earning per share (EPS)
The Company calculates Earning Per Share (EPS) in accordance with BAS 33: Earning Per
Share, which has been shown on the face of profit & loss account, and the computation of EPS
is stated in Note 37.
Basic earnings
This represents earnings for the year attributable to ordinary shareholders. As there was no
preference dividend, minority or extra ordinary items, the net profit after tax for the year has
been considered as fully attributable to the ordinary shareholders.
Weighted average number of ordinary shares outstanding during the year
This represents the number of ordinary shares outstanding at the beginning of the year plus the
number of shares issued during the year multiplied by a time-weighting factor. The time-
weighting factor is the numbers of months the specific shares are outstanding as a proportion
of the total number of months in the year.
Basic earnings per share
This has been calculated by dividing the basic earnings by the weighted average number of
ordinary shares outstanding for the year.
Diluted earnings per share
No diluted EPS is required to be calculated for the year, as there was no scope for dilution
during the year under review.
IAS 1.119
2.20 Correspondence items
Correspondence items are maintained to have control over all items of importance and for such
transactions where the Bank has only a business responsibility and no legal commitment. Stock
of travelers cheques, savings certificates, wage earners bond and others fall under the
correspondence items.
IAS 1.32
2.21 Offsetting
Financial assets and financial liabilities are offset and the net amount reported in the balance
sheet when there is a legally enforceable right to offset the recognized amounts and there is an
intention to settle on a net basis, or realize the asset and settle the liability simultaneously.
IAS 10.17 2.22 Approval of financial statements
The financial statements were approved by the Board of Directors on 24 February 2010
IAS 1.121 2.23 General
Figures of previous year have been rearranged whenever necessary to conform the current years
annual report 2009


Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS7.45 3 Cash
IAS1.77 Cash in hand
Local currency 568,197,415 439,693,426
Foreign currency 38,296,034 46,367,996
606,493,450 486,061,422
IAS1.77 Balance with Bangladesh Bank and its agent banks
Local currency 5,051,775,889 3,436,478,990
Foreign currency 266,671,909 (62,153,782)
5,318,447,798 3,374,325,208
Balance with Sonali Bank (as agent of Bangladesh Bank): 95,416,332 54,902,576
5,413,864,129 3,429,227,784
6,020,357,579 3,915,289,206
Bangladesh Bank adjustments account represents outstanding transactions (Net) originated but yet to be responded at the balance
sheet date. However, the status of unresponded entries of 31.12.2009 are given below:
In Local Currency Number of Unresponded entries Unresponded entries (Amount Taka)
Dr. Cr. Dr. Cr.
Upto 3 months 3 - 408,362.50 -
Over 3 months but within 6 months - - - -
Over 6 months but within 1 year - - - -
Over 1 year but within 5 years - - - -
3 - 408,362.50 -

3.1 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR)
Cash Reserve Requirement and Statutory Liquidity Ratio have been calculated and maintained in accordance
with section 33 of Bank Companies Act, 1991 and BRPD circular no.11 and 12, dated August 25, 2005
The Cash Reserve Requirement on the Bank's time and demand liabilities at the rate of 5% has been calculated
and maintained with Bangladesh Bank in current account and 18% Statutory Liquidity Ratio, including CRR,
on the same liabilities has also been maintained in the form of treasury bills, bonds, FC with Bangladesh Bank.
Both the reserves maintained by the Bank are in excess of the statutory requirements, as shown below:
3.1.1 Cash Reserve Requirement (CRR):
5% of Required Average Demand and Time Liabilities:
Required reserve 4,096,239,550 3,445,691,250
Actual reserve held 3 5,051,775,889 3,817,655,000
Surplus 955,536,339 371,963,750
3.1.2 Statutory Liquidity Requirement (SLR):
18% of Required Average Demand and Time Liabilities:
Required reserve 14,746,462,380 12,404,488,500
Actual reserve held 25,427,964,183 14,430,558,284
Surplus 10,681,501,803 2,026,069,784
Held for Statutory Liquidity Ratio
Cash in hand 3 606,493,450 486,061,422
Balance with Bangladesh Bank and its agent bank(s) 3 5,413,864,129 3,429,227,784
Government Treasury Bills 6 5,512,691,126 6,621,830,308
Government Bonds 6 13,894,915,477 3,893,438,770
annual report 2009

25,427,964,183 14,430,558,284
IAS1.77 4 Balance with Other Banks and Financial Institutions: 387,767,996 534,541,610
In side Bangladesh - Note 4.1 734,577,920 80,834,747
Outside Bangladesh - Note 4.2 1,122,345,917 615,376,357
Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

IAS1.78(b) 4.1 Balance with Other Banks and Financial Institutions

a) Inside Bangladesh
Current Account with:
Sonali Bank Limited 54,688,065 (1,723,660)
Agrani Bank Limited 15,275,576 3,415,535
Arab Bangladesh Bank Limited 75,166 1,605,088
The Commercial Bank of Ceylon Limited 2,816,303 13,697
National Bank Limited 194,476 203,304
Janata Bank 2,138,766 (932,482)
Pubali Bank Limited 8,352,609 690,614
Rupali Bank Limited 5,019,306 (2,487,715)
United Commercial Bank Limited 3,045,891 3,556,494
Bangladesh Krishi Bank 248 248
Al-Arafah Islami Bank Limited 3,945 504,870
The Oriental Bank Limited (161,424) 139,076
Islami Bank Bangladesh Limited (103,393) (165,194)
Bank Asia Limited 3,943,421 2,107,421
Shahjalal Islami Bank Limited 552,673 550,000
One Bank Limited 99,382 99,382
Dutch Bangla Bank Limited 1,338,522 1,303,571
Jamuna Bank Limited 2,009,726
Mercantile Bank Limited 5,504,072
Dhaka Bank Limited 1,452
104,794,781 8,880,248

Short Term Deposit Account with:

The City Bank Limited 955,693 935,808
Arab Bangladesh Bank Limited 29,273 30,543
Eastern Bank Limited 188,174 182,447
Uttara Bank Limited 13,047 4,529
EXIM Bank Limited 578,953 151,780
Pubali Bank Limited - 116,319
National Bank Limited - 101,039
Sonali Bank Limited 20,362,428 22,770,373
Standard Chartered Bank 2,122,048 1,360,124
Dutch-Bangla Bank Limited 8,723,600 8,400
32,973,216 25,661,362
Fixed Deposit Account with:
Arab Bangladesh Bank Limited - 100,000,000
- 100,000,000
Fixed deposits With Financial Institutions:
Bay Leasing and Investment Limited 100,000,000 350,000,000
Peoples Leasing & Financial Services Ltd. - 50,000,000
International Leasing and Financial Services Limited 100,000,000 -
Fareast Finance & Investment Limited 50,000,000 -
250,000,000 400,000,000
annual report 2009

387,767,997 534,541,610

annual report 2009

Notes to the Financial Statements for the year ended 31 December 2009
IAS1.78(b) 4.2 Outside Bangladesh (Nostro Accounts):

December 31, 2009 December 31, 2008

Currency Amount in Conversion Amount in Taka Amount in Conversion Amount in BDT.
b) Outside Bangladesh Name Foreign Currency Rate per unit Foreign Rate per
of FC Currency unit of FC

In demand deposit accounts (interest bearing) with:

American Express Bank, New York USD - - - (26,442) 68.9400 (1,822,885)
Standard Chartered Bank, New York USD 162,350 69.2667 11,245,447 (1,645,127) 68.9400 (113,415,073)
Citibank, New York USD 1,147,993 69.2667 79,517,685 (680,185) 68.9400 (46,891,932)
HSBC , New York USD 1,979,007 69.2667 137,079,316 (382,548) 68.9400 (26,372,854)
HSBC, PLC London GBP 504,742 110.0025 55,522,881 333,994 99.9768 33,391,664
Mashreq Bank PSC New York USD 3,016,779 69.2667 208,962,333 2,212,997 68.9400 152,564,012
Wachovia Bank, New York USD 552,895 69.2667 38,297,211 (227,552) 68.9400 (15,687,443)
Citibank AG Frankfurt Germany EUR 256,572 99.1276 25,433,403 336,054 97.2261 32,673,259
Notes to the

Standard Chartered Bank, Kolkata ACUD 274,090 69.2667 18,985,301 110,789 68.9400 7,637,785
Arab Bangladesh Bank Ltd., Mumbai ACUD 366,307 69.2667 25,372,899 68,303 68.9400 4,708,803
ICICI Bank, Mumbai ACUD 640,693 69.2667 44,378,668 488,193 68.9400 33,655,999
JP Morgan Chase Bank, New York USD 28,499 69.2667 1,974,058 - - -
Habib American Bank, New York USD 658,046 69.2667 45,580,662 - - -
692,349,863 60,441,335
In demand deposit accounts (non interest bearing) with:
Bank of Nova Scotia, Toronto, Canada CAD 30,064 66.1699 1,989,364 23,618 56.7174 1,339,562
United Bank Limited, Karachi ACUD 89,024 69.2667 6,166,397 133,247 68.9400 9,186,035
Standard Chartered Bank, Colombo ACUD 16,559 69.2667 1,146,974 54,390 68.9400 3,749,650
Standard Chartered Bank, Mumbai (AEB) ACUD 25,470 69.2667 1,764,223 - - -
Nepal Bangladesh Bank Ltd., Nepal ACUD 54,092 69.2667 3,746,775 252,942 68.9400 17,437,822
Citibank Mumbai ACUD - - - - - -
Bank of Bhutan, Pheuntsholing ACUD 5,115 69.2667 354,265 12,595 68.9400 868,265
Bank of Tokyo Mitsubishi, Kolkata ACUD 25,255 69.2667 1,749,331 25,255 68.9400 1,741,080
Commerz Bank AG EUR 110,672 99.1276 10,970,625 - - -
Dresdner Bank, Frankfurt Germany EUR - - - (190,636) 97.2261 (18,534,783)
Sumitomo Mitsui Banking Corp. YEN - - - 2,384,920 0.7633 1,820,376
U. B. A. F., Tokyo YEN 7,718,547 0.7509 5,796,165 - - -
Zuercher Kantonal Bank, Zurich CHF 93,804 66.6603 6,252,989 16,233 65.0668 1,056,205
National Australia Bank Ltd. Melbourne AUD 37,133 61.6959 2,290,950 36,236 47.7203 1,729,199
42,228,057 20,393,412
Financial Statements

Total 734,577,920 80,834,747

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS1.61 4.3 Maturity grouping of Balance with Other Banks and Financial Institutions:
On demand 104,794,781 89,714,995
Less than three months 917,551,136 175,661,362
More than three months but less than six months - 250,000,000
More than six months but less than one year 100,000,000 100,000,000
1,122,345,917 615,376,357
IAS1.77 5 Money at call on short notice
In Bank
The Oriental Bank Limited 19,700,000 19,900,000
19,700,000 19,900,000

In non-bank financial institutions (public and private):

Premier Leasing International Limited 50,000,000 -
Bangladesh Industrial Finance Company Limited 10,000,000 -
Phoenix Finance & Investment Limited 30,000,000 -
Bay Leasing and Investment Limited 80,000,000 100,000,000
170,000,000 100,000,000
189,700,000 119,900,000
IAS1.77 6 Investments
Government Securities:
Treasury Bills
28 days Treasury Bills - -
91 days Treasury Bills 3,475,576,090 2,044,455,207
182 days Treasury Bills 906,129,651 1,201,456,946
364 days Treasury Bills 1,130,985,385 4,224,469,816
2 Years Treasury Bills - -
5 Years Treasury Bills - 218,614,100
5,512,691,126 7,688,996,069
Add: Reverse REPO with Others Bank - -
5,512,691,126 7,688,996,069
Less: REPO with Others Bank - 1,067,165,761
Total Treasury Bills 5,512,691,126 6,621,830,308
Government Bonds
Prize Bonds 5,850,000 6,109,800
T & T Treasury Bond 196,273,800 238,974,120
202,123,800 245,083,920
Bangladesh Government Treasury Bond 15,564,891,677 7,371,446,451
Less: REPO with Others Bank 1,872,100,000 3,723,091,601
13,692,791,677 3,648,354,850
Total Government Bonds 13,894,915,477 3,893,438,770
Total Government Securities 19,407,606,604 10,515,269,078
Other Investments:
Shares in listed companies 1,825,647,346 1,731,329,791
Shares in un-listed companies 194,979,900 202,814,000
Zero Coupon Bond - 457,001
Less: Provision for diminution in the market value of shares (78,000,000) (150,263,000)
1,942,627,246 1,784,337,793
21,350,233,850 12,299,606,871
IAS 1.77 6.1 Government securities are classified according to Circular No. 05 dated 26-05-2008 as follows
IFRS 7.8(a) Held for trading (HFT) 16,344,376,400 9,646,864,962
IFRS 7.8(b) Held to maturity (HTM) 2,861,049,165 623,320,196
annual report 2009

Other Securities 202,181,039 245,083,920

19,407,606,604 10,515,269,078

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS 1.61 6.2 Maturity grouping of Investments as follows :
On demand 1,942,627,246 1,790,447,593
Less than three months 4,264,205,360 2,069,844,767
More than three months but less than one year 1,580,461,138 4,768,218,125
More than one year but less than five years 5,479,460,143 1,055,327,612
Above five years 8,083,479,963 2,615,768,774
21,350,233,850 12,299,606,871
IFRS 7.25 6.3Cost and Market value of Investments as on 31.12.2009 as follows :
Market Price-2009 Cost Price-2009 Market Price-2008
Treasury Bills 5,512,691,126 5,477,797,483 6,621,830,308
Reverse Repo - - -
T & T Treasury Bond 196,273,800 226,451,000 238,974,120
Bangladesh Government Treasury Bond 13,692,791,677 3,580,018,852 3,648,354,850
Prize Bonds 5,850,000 6,109,800 6,109,800
19,407,606,604 9,290,377,135 10,515,269,078
Investment in Shares & Bond
Particulars Number of Company Market Price-2009 Cost Price 2009 Cost Price 2008
Un-Listed Securities 7 194,979,900 194,979,900 203,271,001
Listed Securities 14 1,930,260,303 1,825,647,346 1,731,329,791
2,125,240,203 2,020,627,246 1,934,600,792

Listed Securities
Investments have been recorded at cost and adequate provision for probable future losses as per Bangladesh Bank guidelines.
Market value of securities has been determined on the basis of the value of securities at the last trading day of the year.
Sector wise investment
Un-Listed Securities
The unlisted investments are shown at cost because the fair value cannot be measured reliably
Sector Number of Company Market Price-2009 Cost Price 2009 Cost Price 2008
Bank and NBFI 3 46,814,000 46,814,000 44,271,001
Manufacturing 1 100,000,000 100,000,000 144,000,000
Others 3 48,165,900 48,165,900 15,000,000
7 194,979,900 194,979,900 203,271,001
Listed securities
Sector Number of Company Market Price-2009 Cost Price 2009 Cost Price 2008
Bank and NBFI 5 1,100,617,891 1,063,547,526 1,159,232,367
Insurance Companies 3 338,566,700 361,692,426 285,242,097
Fuel and Power Companies - - - 134,167,436
Manufacturing & Other 6 491,075,712 400,407,394 152,687,891
14 1,930,260,303 1,825,647,346 1,731,329,791

Un-Listed shares and bond Market Price-2009 Cost Price 2009 Cost Price 2008
Industrial & Infrastructure Development Finance Co . Ltd. 18,814,000 18,814,000 18,814,000
Shares in Karmasangsthan Bank 10,000,000 10,000,000 10,000,000
Central Depository Bangladesh Ltd. 2,000,000 2,000,000 2,000,000
Venture Investment Partner 18,000,000 18,000,000 15,000,000
Zero Coupon Bond (IPDC) - - 457,001
STS Holding Limited 100,000,000 100,000,000 100,000,000
Cashlink Bangladesh Limited 42,000,000 42,000,000 42,000,000
Dun & Breasdstreet Rating Agency 4,165,900 4,165,900 -
annual report 2009

Maksons Spinning Mills Limited - - 15,000,000

194,979,900 194,979,900 203,271,001

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

Listed Shares Market Price-2009 Cost Price 2009 Cost Price 2008
National Tea Company Ltd 140,779,634 28,601,944 43,562,852
EXIM Bank Ltd 846,125,150 777,629,200 761,004,111
Beximco Pharma 172,057,730 185,067,991 79,632,305
National Life Insurance 317,497,500 339,899,088 285,242,097
Rupali Bank 6,093,308 12,395,009 12,395,009
H R Textile 7,602 2,137 2,137
Singer BD. Ltd. 377,055 589,155 589,155
Trust Bank Ltd 139,253,240 165,868,179 117,902,126
National Bank Ltd. 62,579,619 61,842,323 39,542,992
Lafarge Surma Cement Ltd 177,835,750 186,141,669 28,901,445
Asia Insurance 19,116,700 19,805,318 -
Paramount Insurance 1,952,500 1,988,032 -
Bay Leasing and Investment Limited 46,566,575 45,812,831
Metro Spinning Limited 17,940 4,470 -
NCC Bank Ltd. - - 45,580,677
Meghna Petroleum. - - 54,819,893
Jamuna Oil Com. Ltd. - - 64,351,512
Prime Finance 1st MF - - 2,000,000
Titas Gas Trans & dist.Co. - - 14,996,031
Mercantile Bank Limited - - 7,044,756
Premier Bank Ltd. - - 10,864,438
Jamuna Bank LTD. - - 1,220,499
Prime Bank Ltd. - - 161,677,755
1,930,260,303 1,825,647,346 1,731,329,791

IAS 1.77 6.3.1 Market price of investment those prices were decreased as on 31.12.2009
Name of the Company Cost price Market price Differences (Provision
to be required)
Rupali Bank 12,395,009 6,093,308 (6,301,701)
Asia Insurance 19,805,318 19,116,700 (688,618)
Singer BD. Ltd. 589,155 377,055 (212,100)
Trust Bank Ltd 165,868,179 139,253,240 (26,614,939)
Beximco Pharma 185,067,991 172,057,730 (13,010,261)
National Life Insurance 339,899,088 317,497,500 (22,401,588)
Paramount Insurance 1,988,032 1,952,500 (35,532)
Lafarge Surma Cement Ltd. 186,141,669 177,835,750 (8,305,919)
911,754,442 834,183,783 (77,570,659)
Provision maintained Tk.78,000,000/- Note - 33

IFRS 7.8(c ) 7 Loans and Advances/Investments 77,497,573,199 60,281,260,389

IAS 1.61 7.1 Residual maturity grouping of loans and advances / investments
including bills purchased and discounted
On demand 4,231,362,199 3,700,315,449
Not more than three months 23,573,383,000 16,314,362,940
More than three months but not more than one year 24,973,906,000 19,101,671,000
More than one year but not more than five years 15,634,707,000 14,129,416,000
annual report 2009

More than five years 9,084,215,000 7,035,495,000

77,497,573,199 60,281,260,389

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Note Taka Taka
IAS 1.77 7.2 Loans, Cash Credits and Overdrafts:
7.2. A Head-wise Loans, Cash Credits and Overdrafts:
Inside Bangladesh:
Inside Bangladesh:
Cash credit and overdrafts 14,630,464,999 11,249,069,741
Demand loan 2,262,183,637 2,252,834,958
Time Loan 11,598,808,511 8,243,657,394
Term Loan 24,982,363,453 20,834,931,494
Consumer Credit Scheme 205,214,801 205,875,132
Bills against Letter of Credit (BLC) 521,343,375 687,670,748
Loan against Trust Receipt (LTR) 12,072,275,458 8,923,914,060
Export Development Fund (EDF) 241,475,856 190,404,781
Advances-packaging Credit (PC) 928,519,025 675,457,380
House Building Loan-Staff 146,869,197 118,449,073
Loan-Credit Card 321,261,434 241,859,354
Education Loans 178,363 6,016,277
Loan Re-finance Housing Sectors 21,803,098 -
Portfolio Margin Loan 1,969,179,889 -
6,748,245 -
69,908,689,343 53,630,140,393
Investments - IBBs
Bai-Muajjal - Investment 1,315,720,799 1,099,169,899
Murabaha - Investment 205,547,196 260,938,825
Hire Purchase - Investment 1,012,574,568 852,462,430
Izarah - Investment 122,514,748 108,333,829
Quard against MTDR 901,696,070 272,810,527
3,558,053,382 2,593,715,511
73,466,742,724 56,223,855,904
Outside Bangladesh - -
73,466,742,724 56,223,855,904

IAS 1.77 7.2.B Bills Purchased and Discounted 7.14

(excluding treasury bills)
Payable inside Bangladesh 3,177,031,647 3,215,631,512
Payable outside Bangladesh 853,798,827 841,772,973
4,030,830,474 4,057,404,485
77,497,573,199 60,281,260,389
IAS 1.77 7.3Net Performing loans and advances / Investments
Gross loans and advances / investments 7 77,497,573,199 60,281,260,389
Non-performing loans and advances / investments 7.10 (2,892,999,553) (2,484,331,340)
74,604,573,646 57,796,929,049
IAS 1.78(b) 7.4 Loans and advances / Investments on the basis of significant
concentration including bills purchased and discounted
i) Advances to allied concerns of Directors 24,578,165 29,774,799
ii) Advances to Chief Executive and Other Senior Executives 47,912,000 48,120,000
iii) Advances to Customers' Group:
Advances to large and medium industries 7.6 32,061,100,000 27,266,664,000
Advances to small and cottage industries 7.6 113,100,000 38,436,000
Commercial Lending 30,846,100,000 18,510,648,000
Export Financing 2,684,900,000 3,907,500,000
House Building Loan 3,518,000,000 3,923,511,000
Consumer Credit Scheme 221,300,000 205,875,000
annual report 2009

Other Loans and Advances 7,980,583,033 6,350,731,590

77,497,573,199 60,281,260,389

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

IAS 1.77 7.5 Number of clients, with amount of outstanding and classified loans, to whom loans and advances sanctioned more than
10% of total capital of the bank:
Number of the clients 32 30
Amount of outstanding advances (Tk.) 33,619,700,000 30,933,010,000
Amount of classified advances (Tk.) - -
Amount of recovery/rescheduling thereon (Tk.) - -

Name of clients (Taka in million) Total (Taka in Total (Taka in
Funded Non-Funded million) million)

Deshbandhu Sugar Mills Ltd. and its related concern, 78.30 1,230.00 1,308.30 1,059.10
Metro Spinning Limited - - - 596.00
Generation Next Fashions Limited 896.90 533.50 1,430.40 1,064.70
Faar Ceramics Limited 818.70 22.60 841.30 742.60
Rupayan Housing Estate Limited - - - 859.40
Nurjahan Super Oil Limited 1,128.80 542.10 1,670.90 1,162.50
S. S. Steel (Pvt.) Limited 440.30 235.30 675.60 -
United Edible Oils Ltd. and its related concern 229.20 1,011.20 1,240.40 1,348.30
MAB Spinning Ltd. and its related concern 900.00 13.90 913.90 1,170.60
Shore to Shore (BD) Ltd. and its related concern 163.30 39.60 202.90 -
Chittagong Asian Apparels Ltd. and its related concern 97.90 410.60 508.50 632.20
Maksons Spinning Mills 696.80 4.30 701.10 650.40
T. K. Group 349.50 1,355.80 1,705.30 -
Chaity Composite Ltd. and its related concern 1,241.10 169.90 1,411.00 1,349.10
Khaleque Knitting and Garments Industries (Pvt.) Ltd. 1,030.90 1,460.80 2,491.70 2,658.50
and its related concern
ACS Textile (Bangladesh) Limited 1,000.40 1,142.30 2,142.70 1,883.90
PHP Continuous Galvanizing Mills Ltd. and its related concern 276.10 326.50 602.60 392.00
Navana Group 682.80 252.00 934.80 -
Mostafa Paper Complex Ltd. and its related concern 614.80 - 614.80 610.90
J. K. Enterprise and its related concern 811.40 218.50 1,029.90 533.50
Bay Leasing and Investment Limited 470.30 24.90 495.20 714.00
Masuma Khatun Textile Industries Ltd. 920.80 405.50 1,326.30 956.90
Marrine Vegetable Oils Ltd. and its related concern 715.10 - 715.10 1,838.30
Abul Khair Steel Industries Ltd. and its related concern 501.80 1,157.90 1,659.70 1,609.90
Nasa Taipei Spinners Ltd. and its related concern 291.60 23.30 314.90 355.50
Partex Sugar Mills Ltd. and its related concern 784.80 391.60 1,176.40 933.20
S. Alam Colled Rolled Steel Limited 668.90 306.50 975.40 1,074.80
Appollo Ispat Complex Ltd. and its related concern 919.20 350.70 1,269.90 941.50
Mahbub Spinning Ltd. and its related concern 805.30 6.70 812.00 -
Refat Garments Ltd. and its related concern 223.00 440.10 663.10 1,194.30
Biswas Fashion Ltd. and its related concern 861.90 213.80 1,075.70 1,297.60
Fahami Apparels Ltd. and its related concern 1,243.40 233.40 1,476.80 1,414.11
Concrete and Steel Technologies Ltd. And its related concern 429.60 120.00 549.60 512.30
Ahmed Muztaba Steel Industries Limited - - 766.80
KYCR Coil Industries Ltd. and its related concern 145.70 537.80 683.50 610.10
annual report 2009

20,438.60 13,181.10 33,619.70 30,933.01

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IFRS 8.20 7.6 Industry-wise Loans and Advances (Industrial Loan)
Textile and Garments Industries including Spinning Industries 19,008,100,000 15,280,400,000
Food and allied Industries 2,067,900,000 2,789,949,000
Pharmaceutical Industries 339,900,000 263,387,000
Chemical, Fertilizer, etc. 882,100,000 1,872,576,000
Cement and Ceramic Industries 1,089,300,000 757,014,000
Service Industries 1,733,500,000 922,871,000
Other Industries 7,053,400,000 5,418,903,000
32,174,200,000 27,305,100,000

IFRS 8.20 7.7 Category-wise Small Medium Enterprise Loans and Advances (SME)
Service Sector 705,051,000 448,241,000
Trading Sector 5,638,949,000 4,171,512,000
Industrial Sector 2,540,302,000 1,975,459,000
8,884,302,000 6,595,212,000
IFRS 8.20 7.8 Geographical Location-wise Loans and Advances:
a) Urban:
Dhaka Region 69.88% 54,153,529,067 71.87% 43,323,627,434
Chittagong Region 21.95% 17,006,897,479 22.62% 13,634,943,021
Rajshahi Region 0.76% 590,200,731 0.12% 70,101,611.00
Sylhet Region 4.75% 3,679,419,232 3.20% 1,929,206,471
Khulna Region 0.54% 416,172,615 0.51% 305,228,313
Barisal Region 0.00% 27,078 - -
97.87% 75,846,246,202 98.31% 59,263,106,850
b) Rural:
Dhaka Region 1.25% 966,101,800 0.94% 567,140,625
Chittagong Region 0.65% 505,971,831 0.53% 322,239,829
Rajshahi Region - - - -
Sylhet Region 0.23% 179,253,366 0.21% 128,773,085
Khulna Region - - - -
Barisal Region - - - -
2.13% 1,651,326,996 1.69% 1,018,153,539
100% 77,497,573,199 100% 60,281,260,389
% of % of
IFRS 8.20 7.9 Sector -wise Loans & Advances Total Loans Total Loans
Agriculture, Fishing, forestry and dairy firm 0.35% 273,500,000 0.42% 255,800,000
Industry (Jute, textile, garments, chemicals, 23.79% 18,437,400,000 26.88% 16,200,800,000
cements, etc.)
Working Capital finance 17.58% 13,623,700,000 18.39% 11,085,700,000
Export Credit 3.46% 2,684,900,000 6.48% 3,907,500,000
Commercial Credit 39.80% 30,846,100,000 39.07% 23,554,000,000
Small and Cottage industries 0.15% 113,100,000 0.03% 19,000,000
Others 14.87% 11,518,873,199 8.72% 5,258,460,389
100% 77,497,573,199 100.00% 60,281,260,389
IAS 1.77 7.10 Classification of advances as per Bangladesh Bank circular
Standard including staff loan 94.76% 73,433,338,556 93.86% 56,580,938,329
Special Mention Account (SMA) 1.51% 1,171,235,090 2.02% 1,215,990,720
96.27% 74,604,573,646 95.88% 57,796,929,049
Substandard 0.96% 751,554,367 0.46% 275,199,674
Doubtful 0.33% 251,995,691 1.07% 643,482,163
annual report 2009

Bad / Loss 2.44% 1,889,449,495 2.60% 1,565,649,503

3.73% 2,892,999,553 4.12% 2,484,331,340
100% 77,497,573,199 100.00% 60,281,260,389

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS 37.85 7.10.1Particulars of required provision for loans and advances / investments Status
General provision Base for provision Rate (%) Provision
Loans / investment (Except SMA) 73,433,338,556 * Variance 770,485,541 581,421,898
Special Mention Account (SMA) 1,136,225,155 5% 56,811,270 59,891,104
827,296,811 641,313,002

* General provision is kept @ 1% on general loans and advances / investments and 2% on Housing Finance & Loan
for Professional under consumer financing and 5% on consumer financing
Specific provision Base for provision Rate (%) Provision required Provision required
Sub-standard 456,701,845 20% 91,340,370 20,317,203
Doubtful 158,657,616 50% 79,328,825 268,747,547
Bad / Loss 950,048,230 100% 950,048,230 805,238,059
1,120,717,425 1,094,302,809
Required provision for loans and advances / investments 1,948,014,236 1,735,615,811
Total provision maintained Note-12.1 & 12.2 1,958,742,922 1,735,651,048
Excess / (shortfall) provision at 31 December 2009 10,728,686 35,237

IAS 1.77 7.11Particulars of Advances / Investments

i) Debts considered good in respect of which the Bank is fully secured. 54,135,566,398 41,690,198,434
ii) Debts considered good for which the bank holds no other security
than the debtor's personal security 4,938,802,676 6,584,253,303
iii) Debts considered good secured by the personal liabilities of one or more
parties in addition to the personal security of the debtors 16,533,754,630 10,441,159,148
iv) Loans/ adversely classified provision not maintained there against - -
v) Debts due by directors or officers of the bank or any of them either severally
or jointly with any other persons. 163,485,824 149,124,468
vi) Debts due by companies or firms in which the directors or Officers of the
Bank are interested as Directors, partners or managing agents or in the
case of private companies, as members. 24,578,165 29,774,798
vii) Maximum total amount of advances, including temporary advances made
at any time during the year to directors or managers or officers of the
bank or any of them either severally or jointly with any other persons. 167,486,599 154,246,556
viii) Maximum total amount of advances, including temporary advances granted
during the year to the companies or firms in which any of the directors of the bank.
are interested as partners or managing agent or, in case of private companies as members 29,774,798 29,774,798
ix) Due from other banking companies
x) Amount of classified loan on which interest has not been charged, should be
mentioned as follows;
a) Decrease / Increase in provision; 36,406,875 18,403,420
Amount of loan written off 981,644,225 318,699,103
Amount realized against loan previously written off; 117,107 26,107,000
b) Amount of provision kept against loan classified as 'bad/loss' on the
date of preparing the balance sheet 950,048,230 805,238,059
c) Interest creditable to the Interest suspense A/C; 477,029,930 333,945,475
xi) Loans written-off
- Current year 981,644,225 318,699,103
annual report 2009

Cumulative to - date 1,610,351,328 628,707,103

-The amount of written off loans for which lawsuit filed 1,610,351,328 628,707,103

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
7.12 Suit file by the Bank (Branch wise details)
P rincipal 1,546,703,000 1,347,007,249
Agrabad 292,898,000 196,738,451
Khatungonj 3,863,000 3,863,240
Laldighirpar 1,447,000 5,796,831
Imamgonj 16,328,000 383,144,984
Bangshal 217,008,000 201,686,619
Jubilee Road 38,103,000 31,525,899
Moulvibazar 13,069,000 11,784,230
Gulshan 413,109,000 146,937,448
Khulna 23,459,000 22,037,443
Dhanmondi 157,541,000 133,992,120
Uttara 9,090,000 11,646,487
Chouhatta 3,007,000 3,577,014
Kawranbazar 3,237,000 119,545
Shahjalal Uposhahar 1,943,000 1,881,000
Agargoan 4,632,000 414,067
Kulaura 4,992,000 2,970,486
Hetimgonj 14,309,000 12,793,332
Corporate 5,437,000 -
2,770,175,000 2,517,916,445
IFRS 7.30 7.13Listing of assets pledged as security/collaterals
Nature of the secured assets:
Collateral of Land and Building 41,790,346,075 33,063,299,389
Share Certificate 5,260,979,477 895,502,734
Local Banks and Financial Inst. Guarantee 514,626,405 724,073,453
Government Guarantee - -
Foreign Banks Guarantee 33,216,000 3,680,000
Export Document 3,922,875,394 1,413,399,218
Fixed deposit receipts ( FDR/DBS) 4,563,707,446 3,265,439,375
FDR of other Banks 92,813,540 288,603,164
Government Bonds 103,357 -
Personal guarantee 6,964,794,550 6,298,420,283
Others Security 14,354,110,955 14,328,842,773
77,497,573,199 60,281,260,389
IAS 1.77 7.2.B Bills Purchased and Discounted 7.14
(excluding treasury bills)
Payable inside Bangladesh 3,177,031,647 3,215,631,512
Payable outside Bangladesh 853,798,827 841,772,973
4,030,830,474 4,057,404,485
IAS 1.61 7.14 Maturity grouping of bills discounted and purchased
Within one month 1,879,353,474 1,843,413,485
More than one month but less than three months 1,591,373,000 1,065,843,000
More than three months but less than six months 545,400,000 989,779,000
More than six months 14,704,000 158,369,000
4,030,830,474 4,057,404,485
IAS 16.73 8 Fixed assets including premises, furniture and fixtures
Land 2,795,268,694 1,656,437,566
Buildings 1,069,706,589 636,888,909
Furniture and fixtures 455,430,969 368,775,785
Office equipment and machinery 325,248,420 250,786,714
Bank's vehicles 25,630,217 17,137,922
4,671,284,888 2,930,026,896
Less: Accumulated depreciation
Buildings 75,426,046 58,853,699
Furniture and fixtures 111,875,437 79,739,255
annual report 2009

Office equipment and machinery 131,918,308 94,428,103

Bank's vehicles 13,720,062 11,448,189
332,939,853 244,469,246
Written down value as at 31 December 2009 4,338,345,035 2,685,557,650

Notes to the Financial Statements for the year ended 31 December 2009
IAS 16.73 8.1 Fixed assets including premises and furniture and fixtures

Cost and Revaluation Depreciation

Written Down
Depreciation Value at 31
Particulars Balance at 1 Addition Revalued Disposal Balance at 31 Balance at 1 Charged for Adjustments balance at 31 December,
January 2009 during during during the December January the year for disposals December 2009
the year the year year 2009 2009 etc. 2009

Land 1,656,437,566 361,003,866 777,827,262 - 2,795,268,694 - - - - 2,795,268,694

Buildings 636,888,909 156,728,234 276,089,446 - 1,069,706,589 58,853,699 16,572,347 - 75,426,046 994,280,543

Furniture and Fixtures 261,079,269 86,192,284 - - 347,271,553 42,729,316 25,035,663 - 67,764,979 279,506,574

Office Appliances 2,903,869 1,552,543 - (187,350) 4,269,062 1,630,062 353,744 (187,350) 1,796,456 2,472,606

Electrical Appliances 178,512,343 72,684,413 - - 251,196,756 52,135,375 32,252,654 - 84,388,029 166,808,727

Notes to the

Motor Vehicles 1,479,933 40,000 - (10,000) 1,509,933 1,463,599 - - 1,463,599 46,334

Sub-Total 2,737,301,889 678,201,339 1,053,916,708 (197,350) 4,469,222,586 156,812,051 74,214,407 (187,350) 230,839,108 4,238,383,478

Residence of executives :

Furniture and Fixtures 1,645,290 175,000 - (150,000) 1,670,290 538,926 136,565 (61,585) 613,906 1,056,384

Electrical Appliances 10,483,694 2,025,000 - (1,175,000) 11,333,694 5,896,237 1,054,576 (740,258) 6,210,555 5,123,139

Sub-Total 12,128,984 2,200,000 - (1,325,000) 13,003,984 6,435,163 1,191,141 (801,843) 6,824,461 6,179,523

2,749,430,873 680,401,339 1,053,916,708 (1,522,350) 4,482,226,570 163,247,214 75,405,548 (989,193) 237,663,569 4,244,563,001

Leased Assets:

Furniture and Fixtures 106,051,227 - - - 106,051,227 36,471,014 6,958,021 - 43,429,035 62,622,192

Electrical Appliances 58,886,808 - - 58,886,808 34,766,780 4,824,007 - 39,590,787 19,296,021

Motor Vehicles 15,657,988 9,998,338 - (1,536,043) 24,120,283 9,984,589 3,807,916 (1,536,043) 12,256,462 11,863,821

Sub-Total 180,596,023 9,998,338 - (1,536,043) 189,058,318 81,222,383 15,589,944 (1,536,043) 95,276,284 93,782,034

Grand Total 2,930,026,896 690,399,677 1,053,916,708 (3,058,393) 4,671,284,888 244,469,597 90,995,492 (2,525,236) 332,939,853 4,338,345,035
Financial Statements

Grand Total -2008 1,881,110,326 440,610,614 614,949,515 (6,643,559) 2,930,026,896 173,000,154 77,703,871 (6,234,779) 244,469,246 2,685,557,650

annual report 2009
Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS 1.77 9 Other Assets
i) Investment in Shares of subsidiary companies:
- In Bangladesh - -
- Outside Bangladesh - -
ii) Stationery, stamps, printing materials etc. 53,582,292 50,627,139
iii) Advance rent and advertisement 69,562,259 42,374,098
iv) Interest accrued on investment but not collected, commission &
brokerage receivable on shares and debenture and other income receivable 371,942,505 230,694,527
v) Security Deposit 1,311,392 1,133,621
vi) Preliminary, formation and organization expenses, renovation /
development and prepaid expenses and prepaid expenses 466,025,432 178,842,181
vii) Branch adjustment (net and reconciled) 9.1 - 371,805,560
viii) Suspense account 10,147,485 11,784,900
ix) Silver - -
x) Others 9.2 1,185,857,979 377,275,420
2,158,429,343 1,264,537,446
No fictitious assets has been incurred during the year
IAS 1.78 9.1 Branch Adjustment (net & reconciled)
General Accounts Debit - 21,543,121,377
General Accounts Credit - (21,171,315,817)
IAS 1.78 9.2 Break-up of Others:
Accounts Receivable Others 666,520,126 371,638,320
Advance paid for Preference shares 510,353,500 -
ATM Teller A/C 8,147,600 4,910,600
DD paid without Advice 836,753 726,500
1,185,857,979 377,275,420
9.3 Particulars of required provision for Other Assets
Base for provision Rate (%) Provision required Provision required
Legal Expenses for Defaulting Borrowings 11,897,233 50% 5,948,617 14,791,000
Legal Expenses for Defaulting Borrowings 8,916,450 100% 8,916,450 7,444,374
Protested bills 1,778,900 100% 1,778,900 -
Nostro Account Balance 1,769,807 100% 1,769,807 1,769,807
Required Provision on Other Assets 18,413,774 24,005,181
Total Provision maintained 12.9 18,414,181 24,005,181
Excess / (Short) Provision 407 -

IFRS 7.7 10 Borrowing from other Banks including Financial Institutions & Agents:
In Bangladesh 261,836,236 1,561,993,125
Outside Bangladesh - -
261,836,236 1,561,993,125
In Bangladesh
Refinance against agro-based credit from Bangladesh Bank 448,000 2,605,000
Refinance against SME loan from Bangladesh Bank 261,388,236 109,388,125
Borrowing against securities from Bangladesh Bank - 100,000,000
Call loan from Other Bank - 1,350,000,000
261,836,236 1,561,993,125
Security against borrowings from other banks, financial institutions and agents
Secured 261,836,236 1,561,993,125
Unsecured - -
261,836,236 1,561,993,125
IAS 1.61 10.1 Maturity grouping of borrowings
Repable on demand - 1,350,000,000
Repable within one month - 1,827,000
Over one month but within 6 months - 100,389,000
Over six months but within one year - 389,000
annual report 2009

Over one year 261,836,236 109,388,125

261,836,236 1,561,993,125

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IFRS 7.7 11 Deposits and other accounts 11.2
Inter Bank 11.4 7,805,232,000 3,452,177,000
Other deposits 11.5 88,863,820,139 65,262,495,575
96,669,052,139 68,714,672,575
IAS 1.77 11.1 Deposits and other accounts
Current deposits and other accounts Current /
Al-wadeeah current deposits 2,857,053,475 1,919,797,739
Foreign currency deposits 368,335,289 381,327,015
Sundry deposits 11.1.1 3,000,866,377 2,934,517,797
6,226,255,141 5,235,642,551

Bills payable
Payment order issued 1,094,777,697 810,645,703
Demand draft 68,362,450 41,486,583
1,163,140,147 852,132,286
Savings bank / Mudaraba savings deposits 6,694,031,711 3,477,918,663
Fixed deposits
Fixed deposits / Mudaraba fixed deposits 70,969,472,459 48,260,210,446
Short term / Mudaraba short term deposits 6,573,407,109 3,680,236,893
Scheme deposits 2,378,766,261 4,962,173,820
Interest Payable on FDR/Scheme 2,663,979,309 2,246,357,916
82,585,625,139 59,148,979,075
96,669,052,139 68,714,672,575
IAS 1.78 11.1.1 Sundry Deposits
Margin under letter of credit 2,256,298,601 2,097,434,417
Margin against IBP 15,976,555 18,119,156
Margin under letter of guarantee 466,536,387 434,719,499
Margin under Export Procceds 6,858,296 6,846,607
Deposit held against FDBP/ IDBP, export bills 14,051,749 10,151,710
Accounts Payable 21,838,847 11,748,631
Telegraphic Transfer 9,763,670 1,833,265
Mail Transfer 10,000 -
Remittance awaiting disposal 35,171,592 244,699,196
Others 174,360,681 108,965,316
3,000,866,377 2,934,517,797
IFRS 8.20 11.2 Sector-wise deposits
Government 8,403,447,000 2,965,196,000
Deposit money banks 7,805,232,000 3,452,177,000
Other public 7,751,335,000 4,114,349,000
Foreign currency 368,335,289 381,327,015
Private 72,340,702,850 57,801,623,560
96,669,052,139 68,714,672,575
11.3 Unclaimed Deposits and valuables
Payment Order 12,240 12,240
12,240 12,240
IAS 1.77 11.4 Inter-bank deposits
Pubali Bank - 150,000,000
United Commercial Bank Limited - 257,524,000
Basic Bank Limited 400,000,000 500,000,000
Exim Bank Limited 3,400,000 214,044,000
IFIC Bank Limited 300,223,000 219,000
The City Bank Limited 2,480,000,000 300,000,000
Mercantile Bank Limited 2,639,000 1,115,000
Arab Bangladesh Bank Limited 50,000,000 200,000,000
Social Investment Bank Limited 556,500,000 405,498,000
annual report 2009

Brac Bank Limited 400,078,000 -

Janata Bank 150,000,000 200,000,000

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

Sonali Bank Ltd - 200,000,000

Dhaka Bank Limited - 2,000
Rupali Bank Limited - 30,000,000
Shahjalal Islami Bank Limited 512,200,000 611,008,000
Al-Arafa Islami Bank Limited 809,700,000 11,549,000
Islami Bank Bangladesh Limited 1,007,800,000 7,535,000
Bangladesh Krishi Bank 600,000,000 -
First Security Islami Bank Limited 96,300,000 -
Dutch Bangla Bank Limited 300,000,000 300,182,000
Rajshahi Unnyan Bank - 50,000,000
Grameen Bank 80,000,000 -
Bangladesh Bank Refinance 34,400,000 -
Accrued Interest 21,992,000 13,501,000
7,805,232,000 3,452,177,000
IAS 1.61 11.5 Analysis of residual maturity grouping of inter-bank deposits:
Inter-Bank Deposits
Repayable on demand - 403,000
Repayable within 1 month 3,657,891,667 1,558,273,000
Over 1 month but within 6 months 4,147,340,333 1,893,501,000
Over 6 months but within 1 year - -
Over 1 year but within 5 years - -
Over 5 years but within 10 years - -
7,805,232,000 3,452,177,000

Other Deposits
Repayable on demand 2,777,072,000 2,952,248,575
Repayable within 1 month 13,994,108,333 9,729,756,000
Over 1 month but within 6 months 30,883,912,667 16,976,793,000
Over 6 months but within 1 year 26,226,814,000 26,058,541,000
Over 1 year but within 5 years 10,962,482,139 6,829,205,000
Over 5 years but within 10 years 4,019,431,000 2,715,952,000
88,863,820,139 65,262,495,575
96,669,052,139 68,714,672,575
IAS 1.77 12 Other liabilities
Provision for classified advances 12.1 1,130,742,922 1,094,336,047
Provision for unclassified advances 12.2 828,000,000 641,315,000
General Provision on Off-Balance Sheet Exposures 12.3 351,330,000 313,030,000
Interest suspense 12.4 477,029,930 333,945,475
Provision for taxation 12.5 947,387,874 771,507,019
Provision for deferred tax 12.6 26,306,079 52,631,094
SEBL Foundation 30,000,000 15,000,000
Obligation under lease capital 12.8 24,684,153 53,806,222
Accrued expenses 8,428,052 9,238,990
Interest payable on borrowings 4,023,909 4,967,467
Accounts payable - Bangladesh Bank (local currency) 2,033,839 821,413
Accounts payable - Others 229,468,622 113,077,756
Provision for bonus 287,501 287,501
Provision for Other Assets 12.9 18,414,181 24,005,181
Unearned income on treasury bills - 28,591
Branch adjustment (net and reconciled) 12.10 119,514,234 -
Withholding tax on interest on deposits 218,767,967 119,090,032
annual report 2009

Provision for Audit Fees 500,000 500,000

Provision for Nostro Accounts 12.11 - -
4,416,919,262 3,547,587,788

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS 37.84 12.1 Provision for classified loans and advances
Opening balance 1,094,336,048 1,075,932,628
Fully provided debts written off during the year (887,093,126) (337,446,580)
Specific provision for the year 923,500,000 355,850,000
Closing balance 1,130,742,922 1,094,336,048
IAS 37.84 12.2 Provision for unclassified loans and advances
Opening balance 641,315,000 500,000,000
Addition during the year 186,685,000 141,315,000
Closing balance 828,000,000 641,315,000
IAS 37.84 12.3 Provision for Off-Balance Sheet exposures
Opening balance 313,030,000 107,100,000
Addition during the year 38,300,000 205,930,000
Closing balance 351,330,000 313,030,000
IAS 37.84 12.4 Interest Suspense Account
Opening balance 333,945,475 222,480,287
Add: Amount transferred to "Interest Suspense" A/c during the year 804,799,483 702,306,312
Less: Amount recovered in "Interest Suspense" A/c during the year (567,143,995) (571,227,999)
Less: Amount written-off during the year (94,571,033) (19,613,126)
Balance at the end of the year 477,029,930 333,945,475
IAS 12.84 12.5 Provision for income tax
Advance tax
Balance of advance income tax on 1st January, 2009 1,740,422,086 2,266,743,500
Paid during the year 1,405,698,677 955,272,937
Settlement of previous years tax liabilities (1,217,328,007) (1,481,594,351)
1,928,792,756 1,740,422,086
Balance of provision on 1st January, 2009 2,511,929,106 2,745,775,832
Provision for previous year - -
Provision made during the year (Current tax) 1,581,579,531 1,247,747,625
Settlement of previous years tax liability (1,217,328,007) (1,481,594,351)
2,876,180,630 2,511,929,106
Net balance at 31st December, 2009 947,387,874 771,507,020
* Corporate tax position of the bank has been shown in Annexure - B
Provision for current tax of Tk.1,581,579,531 has been made @ 42.5% as prescribed by Finance Act, 2009 of the
accounting profit made by the Bank after considering some of the add backs to income and disallowances of
expenditure as per Income Tax Ordinance and Rules 1984 and incompliance of para 46 of BAS 12 "Income Tax".
IAS 12.81(g)(i) 12.6 Deferred tax liability
Balance as on 1st January, 2009 52,631,094 32,792,067
Addition during the year - 19,839,027
Adjusted for Deferred Tax Liability (26,325,015) -
Balance as on 31st December, 2009 26,306,079 52,631,094
The deferred tax liability of Tk.26,306,079 as at 31 December 2009 and deferred tax provision of Tk.26,325,015
has been adjusted during the year 2009 as per para 47 of BAS-12 "Income Taxes".
IAS 37.84 12.7 Provision for Taxation during the year
Provision for previous year - -
Current tax provision 1,581,579,531 1,247,747,625
Deferred tax provision - 19,839,027
1,581,579,531 1,267,586,652
annual report 2009

IAS 1.77 12.8 Obligation under Capital lease/Finance lease

This represents fixed assets acquired under lease. Lease rentals include financial charges which have been used as
discounting factor and are payable on monthly basis. The Company has an option to purchase the assets upon
completion of lease period and has intention to exercise the option.

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
Leased Obligation on Fixed Assets
Leased Obligation on Furniture and Fixture 8,143,658 32,959,170
Leased Obligation on Electrical Appliance 3,941,214 15,068,300
Leased Obligation on Motor Vehicles 12,599,281 5,778,752
24,684,153 53,806,222

IAS 1.78 12.8.1 Movement of leased obligation on Fixed Assets:

Opening balance as on 1st January, 2009 53,806,222 87,148,823
Less: Adjustment during the year (39,120,407) (34,666,600)
Add: Addition during the year 9,998,338 1,324,000
Closing balance as on 31st December, 2009 24,684,153 53,806,222
IAS 17.31(b) 12.8.2 Aging analysis of liabilities under finance lease:
2009 2008
Aging analysis Minimum Financial Principal Minimum Financial Principal
of liabilities lease payment charge for Outstanding lease payment charge for Outstanding
future period future period
Payable within 1 year 17,685,980 1,896,206 15,789,774 42,751,105 4,488,722 38,262,383
Payable more than 1 4,202,840 1,017,123 3,185,717 14,894,060 717,469 14,176,591
year but less than 2 years
Payable more than 2 years 6,736,580 1,027,918 5,708,662 1,447,105 79,857 1,367,248
but less than 5 years
28,625,400 3,941,247 24,684,153 59,092,270 5,286,048 53,806,222
The average lease terms of the leased assets taken under finance lease is 48 months and all leases are on fixed repayment
basis. The Company's obligation under finance lease are secured by the lassoer's charge over the lease assets.
IAS 37.84 12.9 Provision for Other Assets
Balance, brought forward 24,005,181 13,505,181
Adjustment during the year (20,000,000) -
Addition during the year 14,409,000 10,500,000
Balance, carry forward 18,414,181 24,005,181

IAS 1.78 12.10 Branch Adjustment (net & reconciled)

General Accounts Debit (26,925,449,388) -
General Accounts Credit 27,044,963,622 -
119,514,234 -

Branch adjustments account represents outstanding Inter-branch and Head Office transactions (Net) originated but yet
to be responded at the balance sheet date. However, the status of unresponded entries of 31.12.2009 are given below:
Number of Unresponded entries Unresponded entries (Amount Taka)
Dr. Cr. Dr. Cr.
Upto 3 months 2772 2121 3,760,882,000 3,905,257,000
Over 3 months but within 6 months 844 382 59,171,000 35,191,000
Over 6 months but within 1 year 109 169 8,095,000 6,820,000
Over 1 year but within 5 years - - - -
3725 2672 3,828,148,000 3,947,268,000
There is no provision has made against un-reconciled/un-respondent entries since there are no unreconciled entries
one year and above.
12.11 Status of unresponded entries of Nostro Accounts (Our Books) as on 31 December, 2009 are given below;
In Foreign Currency Number of Unresponded entries Unresponded entries (Amount Taka)
Dr. Cr. Dr. Cr.
Upto 3 months 67 115 2,372,348 3,683,067
Over 3 months but within 6 months - 6 - 15,428
Over 6 months but within 1 year - - - -
annual report 2009

Over 1 year but within 5 years - - -

67 121 2,372,348 3,698,495
As per Circular No.FEOD(FEMO)/01/2005-677 dated 13 September, 2005 there is no debit entries more than three
month. So provision is not required for existing unresponded Nostro entries.
Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

IAS 1.79 13 Share Capital

IAS 1.79(a)(i) 13.1 Authorized
100,000,000 ordinary shares of Tk.100 each 10,000,000,000 3,500,000,000

IAS 1.79(a)(ii) 13.2 Issued, subscribed and fully paid up Capital

14,713,696 Ordinary shares of Tk.100.00 each issued for cash 1,471,369,600 1,471,369,600
19,512,677 Ordinary shares of Tk.100.00 each issued as bonus shares 1,951,267,700 1,380,828,200
34,226,373 3,422,637,300 2,852,197,800
IAS 1.79(a)(ii) 13.3 Share Capital at a Glance from inception
Banking year Particulars Number of Shares Capital Amount in Taka Cumulative
1995 Opening / Sponsors Capital 1,000,000 100,000,000 100,000,000
1996 - - - 100,000,000
1997 25% Stock Dividend 250,000 25,000,000 125,000,000
1998 20% Stock Dividend 250,000 25,000,000 150,000,000
1999 Initial Public Offer (IPO) 1,500,000 150,000,000 300,000,000
2000 10% Stock Dividend 300,000 30,000,000 330,000,000
2001 10% Stock Dividend 330,000 33,000,000 363,000,000
2002 10% Stock Dividend 363,000 36,300,000 399,300,000
2003 Right Issue @2:1 1,650,000 165,000,000 564,300,000
20% Stock Dividend 1,128,600 112,860,000 677,160,000
2004 30% Stock Dividend 2,031,480 203,148,000 880,308,000
2005 20% Stock Dividend 1,760,616 176,061,600 1,056,369,600
2006 Right Issue @1:1 10,563,696 1,056,369,600 2,112,739,200
8% Stock Dividend 1,690,191 169,019,100 2,281,758,300
2007 25% Stock Dividend 5,704,395 570,439,500 2,852,197,800
2008 20% Stock Dividend 5,704,395 570,439,500 3,422,637,300
IAS 1.79 13.4 Classification of shareholders by holding
Number of holders % of Total holding
Dec'2009 Dec'2008 Dec'2009 Dec'2008
Less than 500 shares 19,302 10,884 6.59 3.55
501 to 5,000 shares 2,425 1,378 9.70 6.30
5,001 to 10,000 shares 154 72 3.07 1.83
10,001 to 20,000 shares 85 59 3.57 2.89
20,001 to 30,000 shares 32 20 2.32 1.78
30,001 to 40,000 shares 16 10 1.67 1.25
40,001 to 50,000 shares 25 22 3.39 3.48
50,001 to 100,000 shares 47 30 9.58 7.70
100,001 to 1,000,000 shares 65 59 52.43 56.44
Over 1,000,000 shares 1 2 7.68 14.78
22,152 12,536 100.00 100.00

IAS 1.79 13.5 Name of Directors and their Shareholding as on December 31, 2009
Status as on
Sl. No. Name of Directors Position as on 31.12.2009 Position as on 31.12.2008
1 Mr. Alamgir Kabir, FCA Chairman 385,280 shares of Tk.100/- 307,970 shares of Tk.100/-
each total Tk.38,528,000/- each total Tk.30,797,000/-
2 Mr. Ragib Ali Vice Chairman 963,657 shares of Tk.100/- 803,048 shares of Tk.100/-
each total Tk.96,365,700/- each total Tk.80,304,800/-
3 Mr. M. A. Kashem Director 594,906 shares of Tk.100/- 662,422 shares of Tk.100/-
each total Tk.59,490,600/- each total Tk.66,242,200/-
annual report 2009

4 Mr. Azim Uddin Ahmed Director 936,522 shares of Tk.100/- 780,435 shares of Tk.100/-
each total Tk.93,652,200/- each total Tk.78,043,500/-

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

Status as on
Sl. No. Name of Directors Position as on 31.12.2009 Position as on 31.12.2008
5 Bangla Capital Limited Director 50,544 shares of Tk.100/- 42,120 shares of Tk.100/-
Represented by each total Tk.5,054,400/- each total Tk.4,212,000/-
Mr. Tahnoun A. Harun
6 Mrs. Jusna Ara Kashem Director 339,402 shares of Tk.100/- 4,49,502 shares of Tk.100/-
each total Tk.33,940,200/- each total Tk.44,950,200/-
7 Mrs. Duluma Ahmed Director 702,001 shares of Tk.100/- 585,001 shares of Tk.100/-
each total Tk.70,200,100/- each total Tk.58,500,100/-

8 Mr. Syed Shahid Ali Director 142,745 shares of Tk.100/- 118,955 shares of Tk.100/-
each total Tk.14,274,500/- each total Tk.11,895,500/-

9 Mrs. Rehana Rahman Director 434,985 shares of Tk.100/-

each total Tk.43,498,500/-
10 Mr. M. A. Ahad Director 411,679 shares of Tk.100/-
each total Tk.41,167,900/-
11 Mr. Md. Akikur Rahman Director 315,393 shares of Tk.100/-
each total Tk.31,539,300/-

12 Mrs. Sirat Monira Director 4,500 shares of Tk.100/- 16,847 shares of Tk.100/-
each total Tk.450,000/- each total Tk.1,684,700/-

13 Karnafuli Tea Co. Limited Director 6,063 shares of Tk.100/- 5,043 shares of Tk.100/-
Represented by each total Tk.606,300/- each total Tk.504,300/-
Mr. Abdul Hye
14 Dr. Zaidi Sattar Independent
Director - -
15 Mr. A. H. M. Moazzem Hossain Depositor - -
IAS 1.135(d) 13.6 Capital Adequacy of the Bank
Calculated as per BRPD Circular no. 10 issued by Bangladesh Bank on 25 November 2002 and subsequently
amended Circular No. 3 dated 9 May 2004 and BRPD circular No.-12 dated 05 November, 2007.

Total assets of the bank including off-balance sheet items 148,327,965,199 112,761,231,529
Total risk weighted assets 13.6.4 84,669,322,000 68,830,874,500
Required capital @ 10% of risk weighted assets 8,466,932,200 6,883,087,450
Capital held: 13.6.2
Core capital 7,614,764,167 6,103,820,582
Supplementary capital 2,312,396,383 1,553,191,141
Total Capital 9,927,160,550 7,657,011,723
Surplus/ (deficit) 1,460,228,350 773,924,273
Percentage of capital held against risk weighted assets 11.72% 11.12%

13.6.1 Capital requirement (Basel-I) Required Held Required Held

Tier - I 5.00% 8.99% 5.00% 8.87%
Tier - II - 2.73% - 2.26%
10.00% 11.72% 10.00% 11.12%

Constituents of Capital
In terms of section 13 (2) of the Bank Companies Act, 1991 and Bangladesh Bank BRPD circulars No.01, 14 and 10
dated January 08, 1996, November 16, 1996, November 25, 2002 and November 05, 2007 respectively, required
capital of the Bank at the close of business on 31 December 2009 was Taka 8,525,767,600 as against available core
annual report 2009

capital of Taka 7,614,764,167 and supplementary capital of Taka 2,312,396,384 making a total capital of Taka
9,927,160,550 thereby showing a surplus capital / equity of Taka 1,460,228,350 at that date. Details are shown below:

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
13.6.2 Core capital (Tier-I)
Paid-up Capital 13.2 3,422,637,300 2,852,197,800
Non-repayable share premium account - 485,930,025
Statutory Reserve 14 2,665,605,000 1,975,251,800
General Reserve 15 247,650,000 247,650,000
Retained Earnings 17 1,278,871,867 542,790,957
7,614,764,167 6,103,820,582
Supplementary capital (Tier-II)
General Provision maintained against unclassified loans / investments 828,000,000 641,315,000
General Provision on Off-Balance Sheet Exposures 351,330,000 313,030,000
Exchange Equalization Account 4,204,046 4,204,046
Assets Revaluation Reserve 1,117,640,993 590,682,640
Revaluation Reserves of HTM Securities 13.6.3 11,221,344 3,959,455
2,312,396,383 1,553,191,141
9,927,160,550 7,657,011,723
13.6.3 Calculation of Revaluation Reserves on HTM Securities
In terms of Bangladesh Bank BRPD Circular No. 03 dated March 12, 2008 has been decided to add a new
component namely Revaluation Reserves of HTM Securities upto 50% of the revaluation reserves.
Opening balance 7,918,910 -
Addition during the year from HTM 14,523,778 7,918,910
Closing balance 22,442,688 7,918,910

13.6.4 Computation of risk-weighted assets

Balance as on Risk- Risk-weighted balance
31.12.09 (net) weighted as at 31.12.09 Figures
Figures in '000 factor in '000
Cash in hand and balance with banks (except banks abroad) 5,853,157 - -
Balance with other Financial Institutions - Private 250,000 0.20 50,000
Money at call on short notice (Banking companies) 189,700 - -
Money at call on short notice (Non-Banking companies) - 0.20 -
Foreign currency balance held 1,039,546 - -
Export and other foreign bills 811,487 0.50 405,744
Import and Inland bills 3,219,343 1.00 3,219,343
Other Financial Institution-Private 700,300 0.50 350,150
Private Sector 67,539,556 1.00 67,539,556
Investments - -
Government 19,407,607 - -
Other Financial Institution-Public 10,000 0.20 2,000
Other Non-Financial public enterprise - 0.50 -
Other Financial Institution-Private 38,814 0.50 19,407
Private Sector 1,893,813 1.00 1,893,813
Head Office and Inter Branches Adjustments - - -
Contingent assets as per contra - - -
Letter of credit and letter of guarantee 18,039,977 0.50 9,019,989
Others - 0.50 -
Fixed Assets 4,338,642 0.50 2,169,321
annual report 2009

Expenditure account 2,158,429 - -

125,490,371 84,669,322

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka

IAS 1.77 14 Statutory Reserve

Balance brought forward 1,975,251,800 1,544,287,000
Addition during the year 690,353,200 430,964,800
Balance carried forward 2,665,605,000 1,975,251,800

IAS 1.77 15 General Reserve

Opening balance 247,650,000 247,650,000
Addition during the year - -
Closing balance 247,650,000 247,650,000
IAS 1.77 16 Others Reserve
IAS 1.125 16.1 Revaluation reserve of Land and buildings
Opening balance 1,181,365,279 566,415,764
Addition during the year 1,053,916,708 614,949,515
Closing balance 2,235,281,987 1,181,365,279
Revaluation reserve Government Securities
Opening balance 67,884,524 -
Addition during the year from HFT 1,392,518,785 59,965,614
Addition during the year from HTM 14,523,778 7,918,910
Closing balance 1,474,927,087 67,884,524

IAS 1.125 16.2 Exchange equalization fund

Opening balance 4,204,046 4,204,046
Addition during the year - -
Closing balance 4,204,046 4,204,046
3,714,413,120 1,253,453,849
IAS 1.77 17 Retained earnings
Balance brought forward 542,790,957 443,784,391
Profit for the year 1,870, 185,240 887,235,037
Transfer to Statutory reserve (690,353,200) (430,964,800)
Transfer from Non-repayable share premium account 485,930,025 -
Transfer to SEBL Foundation (30,000,000) (15,000,000)
Transfer from diminution in the market value of shares 72,263,000 -
Transfer from Deferred Tax Liability 26,325,015 -
Issue of Bonus Shares (570,439,500) -
Cash dividend paid (427,829,670) (342,263,671)
1,278,871,867 542,790,957
IAS 37.28 18 Contingents Liabilities
18.1 Acceptances and endorsements
Acceptance under Letters of Credit -Import 7,625,122,880 10,056,141,110
Acceptance under Letters of Credit -Export 4,395,033,900 5,303,490,903
12,020,156,780 15,359,632,013
18.2 Letters of guarantee 6,034,183,466 6,165,108,183
6,034,183,466 6,165,108,183

Claims lodged with the bank company, which is not recognized as loan;
Money for which the bank is contingently liable in respect of guarantee issued favoring:
Directors or officers 6,783,060 6,783,060
Government - -
Banks and other financial institutions - -
Others 6,027,400,406 6,158,325,123
6,034,183,466 6,165,108,183
annual report 2009

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
18.3 Irrevocable Letters of Credit
Letters of credit (Back to Back) 4,041,059,383 3,088,415,200
Letter of Credit (Other than Back to Back) 10,972,585,010 4,921,662,476
15,013,644,393 8,010,077,676
18.4 Bills for collection
Bills for collection (Local) 727,119,973 568,953,149
Bills for collection (Foreign) 1,332,320,663 1,199,139,990
2,059,440,636 1,768,093,138
Commitments (18.1+18.3):
i) Documentary credit and short term business transactions 27,033,801,173 23,369,709,689
ii) Forward assets purchased and forward deposits
iii) Existing facilities, loan facilities and other commitments not accounted for:
Less than one year
more than one year
iv) Spot and forward foreign exchange rate contracts
v) Other exchange contracts
27,033,801,173 23,369,709,689
IAS 1.97 19 Income Statement
Interest, discount and similar income 10,650,537,628 8,542,894,061
Dividend income 15,500,611 31,117,643
Fees, commission and brokerage 1,005,811,745 855,308,625
Gains less losses arising from dealing securities 404,061,294 93,600,877
Gains less losses arising from investment securities 795,046,381 143,083,867
Gains less losses arising from dealing in foreign currencies 638,414,447 408,967,304
Income from non-banking assets - -
Other operating income 193,078,838 175,158,455
Profit less losses on interest rate changes - -
Nominal value of bonus share received - -
13,702,450,944 10,250,130,831
Interest, fees and commission 7,843,236,025 6,210,696,470
Losses on loans and advances - -
Administrative expenses 861,057,291 719,268,978
Other operating expenses 292,503,364 229,881,824
Depreciation on banking assets 90,995,493 77,703,871
9,087,792,172 7,237,551,143
Income over expenditure 4,614,658,771 3,012,579,688
IFRS 7.20(b) 20 Interest income
Interest on loans and advances 8,384,139,685 6,950,867,638
Interest on placement with other banks and financial institutions 194,089,778 262,660,431
Interest on foreign currency balance 15,129,164 9,219,420
8,593,358,628 7,222,747,489

Profit on investment (Islamic Banking Branch):

Profit on Bai-Muajjal 148,792,378 121,742,629
Profit on Murabaha 33,801,612 37,379,377
Profit on hire purchase/Izarah 143,279,541 119,327,222
Profit on Quard against MTDR 42,860,318 29,540,799
368,733,850 307,990,027
8,962,092,478 7,530,737,516
IFRS 7.20(b) 21 Interest paid on deposits, borrowings, etc.
annual report 2009

Interest paid on
Interest on deposits 6,823,792,052 5,441,808,307
Interest on borrowings 331,230,138 165,173,587
Interest on foreign bank accounts 7,348,130 219,797
7,162,370,320 5,607,201,690
Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
Profit paid on deposits (Islamic Banking Branch):
Mudaraba Savings Deposit 72,931,036 46,624,707
Mudaraba Short Term Deposits (MSTD) 8,465,013 62,594,585
Mudaraba Fixed Term Deposits (MFDR) 599,469,656 494,275,489
680,865,705 603,494,780
7,843,236,025 6,210,696,470
IAS 18.35 22 Income from investment
Interest on treasury bills/bonds 311,066,684 526,844,514
Interest on treasury bonds/T&T bonds 1,377,378,466 485,312,030
Dividend on investment in shares 15,500,611 31,117,643
Capital Gain-Treasury bill/Bond 404,061,294 93,600,877
Gain on sale of investment in shares 795,046,381 143,083,867
Nominal value of bonus share received - -
2,903,053,436 1,279,958,931
IFRS 7.20(c) 23 Commission, Exchange and Brokerage
Commission and brokerage 1,005,811,745 855,308,625
Exchange gain (note 23.1) 638,414,447 408,967,304
1,644,226,192 1,264,275,929
IAS 1.97 23.1 Exchange gain
Exchange gain 635,638,460 405,861,457
Exchange gain from credit card 2,775,987 3,105,847
Less: Exchange loss thereon - -
638,414,447 408,967,304
IAS 1.97 24 Other Operating Incomes
Remittance fees 2,798,942 2,140,931
Service and incidental charges 62,304,550 54,912,833
Other Fees-Telephone/Telex/Postage 26,927,129 24,173,277
Income from ATM services 224,744 253,183
Income from Credit Card 33,021,285 27,521,466
On-Line services 8,914,038 10,295,582
Other Fees - SWIFT 36,196,642 33,262,471
Demat and Custody Fees 210,000 80,621
Gain on sale of fixed assets (Note 24.1) - 2,688,832
Recovery of Classified Loans 3,827,501 8,933,151
Miscellaneous income 18,654,006 10,896,107
193,078,838 175,158,455
IAS 1.88(b) 24.1 This represents gain/(loss) on sale of the following fixed assets
during the year as follows :
Cost of :
Motor Vehicle 1,546,043 5,988,559
Furniture and Fixture 150,000 125,000
Office Appliances 187,350 -
Electrical Appliances 1,175,000 530,000
3,058,393 6,643,559
Less: Accumulated depreciation
Motor Vehicle 1,536,043 5,947,391
Furniture and Fixture 61,585 68,114
Office Appliances 187,350 -
Electrical Appliances 740,258 219,274
2,525,236 6,234,779
Written down value 533,157 408,780
Sale proceeds of the above fixed assets 533,157 3,097,612
annual report 2009

Total Sales of the above fixed assets 533,157 3,097,612

Total Gain/(loss) on sale of fixed assets - 2,688,832

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Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Repairs: Taka Taka
Furniture and Fixture 2,545,299 2,850,644
Office and Electrical Appliance 15,024,999 18,442,108
Motor Vehicles 2,055,715 1,444,684
Repair, Maintenance and Utilities 10,617,368 9,574,438
30,243,381 32,311,874
121,238,874 110,015,745
IAS 1.97 32 Other expenses
Security and Cleaning 34,670,512 25,029,302
Entertainment-Office and AGM 19,263,149 12,939,166
Business Promotion Expenses 9,609,360 11,040,441
Car Expenses 56,020,973 50,078,287
Books and Periodicals 625,440 478,184
Subscription and Donation 28,329,969 19,391,239
Traveling Expenses 5,868,915 8,327,175
Finance charge on leased assets 5,281,353 8,841,553
Conveyance 4,585,182 3,481,622
Petrol, Oil and Lubricant 3,373,652 3,456,918
Training/Seminar 1,581,453 2,719,223
Uniforms and Apparels 1,152,648 770,559
Medical Expenses 3,882,374 1,992,897
Gratuity 35,000,000 17,600,000
Professional expenses 3,092,091 2,589,012
Expenses for CIB Report 138,150 148,535
Expenses Regarding Credit Card 20,631,710 17,552,261
Miscellaneous 59,396,433 43,445,450
292,503,364 229,881,824
IAS 37.84 33 Provision for diminution in value of investments
Provision to be maintained for the year 2009 78,000,000 150,263,000
Provision has already been maintained last year (150,263,000) (6,100,000)
Excess provision transferred to Retained Earnings 72,263,000 -
Additional Provision required during the year - 144,163,000

IAS 7.14(b) 34 Cash Received from Other Operating Activities

Remittance fees 2,798,942 2,140,931
Service and incidental charges 62,304,550 54,912,833
Other Fees-Telephone/Telex/Postage 26,927,129 24,173,277
Income from ATM services 224,744 253,183
Income from Credit Card 33,021,285 27,521,466
On-Line services 8,914,038 10,295,582
Other Fees - SWIFT 36,196,642 33,262,471
Demat and Custody Fees 210,000 80,621
Miscellaneous income 18,654,006 10,896,107
189,251,337 163,536,472
IAS 7.14(c) 35 Payments for other operating activities
Rent rates and taxes 198,465,180 126,917,860
Postage 54,018,202 57,700,819
Directors fees 3,440,553 2,226,637
Repairs 30,243,381 32,311,873
Others expenses 293,362,616 231,222,580
579,529,931 450,379,768
IAS 7.19(b) 36 Increase/(Decrease) of Other Assets
Security deposit 1,311,392 1,133,621
Preliminary exp 466,025,431 178,842,181
Branch adjustment - 371,805,560
Suspense 10,147,485 11,784,900
Others 1,185,857,979 377,275,420
annual report 2009

1,663,342,287 940,841,682
(722,500,605) (429,759,546)

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
IAS 7.19(b) 37 Increase/(Decrease) of Other Liabilities
Provision for classified advances 207,242,922 1,094,336,047
Provision for Other Assets 4,005,181 24,005,181
Interest suspense 477,029,930 333,945,475
Revaluation Reserves - 67,884,524
SEBL Foundation - 15,000,000
Accrued expenses 8,428,052 9,238,990
Interest payable on borrowings 4,023,909 4,967,467
Accounts payable - Bangladesh Bank (local currency) 2,033,839 821,413
Accounts payable - Others 229,468,622 113,077,756
Provision for bonus 287,501 287,501
Branch Adjustment 119,514,234 -
Unearned income on treasury bills - 28,591
Withholding tax on interest on deposits 218,767,967 119,090,032
1,270,802,157 1,782,682,977
(511,880,820) (137,857,633)
IAS 33.70 38 Earnings per share
Net profit after tax for the year ended 31 December 2009 1,870,185,240 887,235,037
Number of ordinary shares outstanding 34,226,373 34,226,373
Earnings per share (EPS) in 2009 54.64 25.92
As per IAS 33 previous year's EPS has been restated

39 Audit Committee
Audit Committee of the Board of Directors of the Bank has been re-constituted by the Board of Directors in its
291st Meeting held on April 28, 2008 comprising the following members:
Sl No. Name Status with the committee Educational qualification
1) Mr. Azim Uddin Ahmed, Director Chairman MA
2) Mr. M. A. Kashem, Director Member Commerce Graduate
3) Dr. Zaidi Sattar, Independent Director Member Ph. D. in Economics

Functions of Bank's Audit Committee

i) Review of the appropriateness of the Bank's accounting policy
ii) Overseeing the Bank's relationship with external auditors
iii) Review of Bank's existing system and upgradation of systems
iv) Review of Bank's annual audit plan
v) Review of all reports of internal auditors
vi) Review of Management's report on risk management
vii) Review of Audit Committee's own terms of reference within the purview of BRPD Circular No.12 dated
December 23, 2002 of Bangladesh Bank.
During the year 2010, the audit Committee held 4(four) meetings. On invitation, senior executives of the Bank
including the Managing Director, Chief Financial Officer(CFO), Head of Internal Control and Compliance
Division and Head of Credit Administration Division attended the meeting of the Audit Committee to instantly
meet the queries of the Audit Committee and take directives for improvement. In those meetings, annual audit
plan of the Bank was reviewed, performance of the internal and external auditors was widely discussed, internal
inspection reports on Banks branches and Head Office were reviewed and suitable decisions were given to the
The Audit Committee gave directives for pragmatic steps for recovery of classified loans, rectification of lapses and
irregularities, punishment of delinquent employees for any misconduct, Basel-II compliance and for bringing any
irregularity comminuted any above in the Bank first to the notice of the Managing Director for condign action.
The Audit Committee also gave directive that people in key locations in the branches be not kept in one location
for more than 3 (three) years at a stretch. The decision and directives of the Audit Committee have been or are
being complied with to upgrade Banks operational status.
annual report 2009

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
IAS 24.12 40 Related Party Disclosures
i) Particulars of Directors of the Bank as on 31 December 2009
Sl. No. Name of persons Designation Present Address % of Shares as on
1. Mr. Alamgir Kabir, FCA Chairman 226, Dilu Road, 1.13
New Eskaton, Dhaka
2. Mr. Ragib Ali Vice Chairman House No.06, Road No 2.82
76, Gulshan, Dhaka-1212
3. Mr. M. A. Kashem Director 73/C, Gulshan Avenue, 1.74
Gulshan, Dhaka-1212
4. Mr. Azim Uddin Ahmed Director 14, Topkhana Road, 2.74
Segunbagicha, Dhaka-1000
5. Bangla Capital Limited (represented Director T.K. Bhaban (11th Floor), 0.15
by Mr. Tahnoun A. Harun) 13, Kawran Bazar,
6. Mrs. Jusna Ara Kashem Director 73/C, Gulshan Avenue, 0.99
Gulshan, Dhaka-1212
7. Mrs. Duluma Ahmed Director 14, Topkhana Road, 2.05
Segunbagicha, Dhaka-1000
8. Mr. Syed Shahid Ali Director Saleha Monzil, Diganto #7, 0.42
Roy Hussain R. A., Electric
Supply Road, Amborkhana,
9. Mrs. Rehana Rahman Director House No.10, Road No.68, 1.27
Gulshan, Dhaka-1212
10. Mr. M. A. Ahad Director 65, Bashundhara, Roy 1.20
Nagar Rajbari, Sylhet.
11. Mr. Md. Akikur Rahman Director Sonarpara, Nobarun-227, 0.92
12. Mrs. Sirat Monira Director 226, Dilu Road, (Ground 0.01
Floor) New Eskaton, Dhaka
13. Karnafuli Tea Company Limited Director 67, Motijheel C/A, 0.02
(represented by Mr. Dewan Dhaka -1000
Mustaq Majid
14. Dr. Zaidi Sattar Independent House No.41, Road No.35A, -
Director Gulshan, Dhaka-1212
15. Mr. A. H. M. Moazzem Hossain Depositor Apartment #A-16, Building #03, -
Director Ramna Estate Complex,
Bara Moghbazar, Dhaka-1217
16. Mr. Mahbubul Alam Managing Southeast Bank Limited, -
Director Head Office, 52-53 Dilkusha
C/A, Dhaka-1000.

IAS 24.16 41 Name of the Directors and the entities in which they had interest as at 31 December 2009
Sl. No. Name of Directors Designation Entities where they Position % of
have interest Sharehol-
1. Mr. Alamgir Kabir, FCA Chairman Asia Insurance Limited Director 16.00%
National Life Insuranc Independent
Co. Ltd. Director Nil
2. Mr. Ragib Ali Vice Chairman The Sylhet Tea Co. Limited 19.58%
Rajnagar Tea Co. Limited Managing 41.67%
Union Syndicate Limited Director 19.00%
annual report 2009

Star Tea Estate Limited 34.51%

3. Mr. M. A. Kashem Director Rose Corner (Pvt.) Limited Chairman 50.00%

Notes to the
Financial Statements
Notes to the Financial Statements for the year ended 31 December 2009
4. Mr. Azim Uddin Ahmed Director Mutual Food Products Ltd. Managing 44.77%
Mutual Milk Products Ltd. Managing 52.00%
Mutual Trading Co. Limited Chairman & 71.29%
5. Bangla Capital Limited Director Bangla Capital Limited Managing 20.00%
represented by Director
Mr. Tahnoun A . Harun Incontrade Limited Director 0.13424%
6. Mrs. Jusna Ara Kashem Director Rose Corner (Pvt.) Limited Director 20.00%
7. Mrs. Duluma Ahmed Director Mutual Food Products Ltd. Chairman 31.77%
Mutual Milk Products Ltd. Chairman 16.00%
Mutual Trading Co. Limited Director 12.96%
8. Mr. Syed Shahid Ali Director - - Nil
9. Mrs. Rehana Rahman Director Bengal Trade Ways Limited Managing 50.06%
Drip Packaging Limited Director 25.00%
10. Mr. M. A. Ahad Director - - Nil
11. Mr. Md. Akikur Rahman Director - - Nil
12. Mrs. Sirat Monira Director - - Nil
13. Karnafuli Tea Co. Ltd. Director - - Nil
Represented by
Mr. Abdul Hye
14. Dr. Zaidi Sattar Independent - - Nil
15. Mr. A. H. M. Moazzem Depositor International Publication Ltd. Director 1.33%
Hossain Direcor (Owning company of the
Financial Express)

IAS 24.17 42 Loans and Advances to Directors and their related concern
Name of the party Name of Director Related by Nature of Amount in Status
transaction Taka Rescheduled
Bangla German Latex Mr. Tahnoun A. Harun Director Syndicate term 24,578,165 Rescheduled
Co. Ltd and Mr. Md. Akikur loan
Bangla German Latex Mr. Tahnoun A. Harun Director Bank Guarantee 2,000,000 Regular
Co. Ltd and Mr. Md. Akikur
Monorom Traders Mr. Azim Uddin Ahmed
and Mrs. Duluma Ahmed Director Bank Guarantee 4,783,060 Regular

IAS 24.17 43 Related party/(ies) transaction

As of the date of these financial statement the bank had no transactions with the related party/(ies) as defined on
the BRPD Circular No.14 issued by the Bangladesh Bank on 25 June 2003.

IAS 10.12,13 44 Event after the Balance Sheet date

The Board of Director in its 350th board meeting on 24 February 2010 decided to recommend stock divident @
35% (amountly to Tk. 1,197,923,055) that is 35 shares for every 100 shares out of profit made in the year ended
31 December 2009 subject to approval of the Shareholders in the 15th Annual General Meeting.
annual report 2009

Managing Director Director Vice Chairman Chairman

Financial Statements of
Islamic Banking Branches
Balance Sheet (Islamic Banking Branches) As at 31 December 2009

31 December 31 December
2009 2008
Taka Taka
Cash: 1
In hand (Including Foreign Currencies) 21,959,473 45,684,332
Balance with Bangladesh Bank & its agent Bank(s)
(Including Foreign Currencies) 704,476,534 102,460
726,436,007 45,786,792
Balances with Other Banks and Financial Institutions: 2
In Bangladesh 266,944 118,308,522
Outside Bangladesh - -
266,944 118,308,522
Money at Call on Short Notice - -
Investment including Bills
Bai-Muajjal, Murabaha, Quard against MTDR and Others 4,762,187,745 3,262,370,585
Bills Discounted and Purchased 80,009,851 217,111,581
4,842,197,597 3,479,482,166
Fixed Assets including premises, furniture and fixtures 3 20,631,728 20,735,936
Other Assets 5,056,348,789 3,583,119,249
Non-banking assets - -
Total Assets 10,645,881,064 7,247,432,665


Borrowings from other banks, financial institutions and agents - 100,000,000
Deposits and Other Accounts: 4
Al-wadeeah current accounts and other accounts etc. 391,118,186 323,257,815
Bills Payable 74,738,770 48,377,993
Mudaraba savings deposits 2,127,856,375 997,793,546
Mudaraba fixed deposits 7,713,826,673 5,525,144,552
10,307,540,004 6,894,573,906
Other Liabilities 338,341,060 252,858,759
Total Liabilities 10,645,881,064 7,247,432,665


Contingent liabilities
Acceptances and endorsements 265,543,500 322,718,000
Letters of Guarantee 382,550,910 355,799,375
Irrevocable Letters of Credit 330,984,539 252,750,700
Bills for Collection 40,279,698 18,962,112
1,019,358,647 950,230,187
Other Contingent Liabilities
Value of travellers' cheques on hand - -
Value of Bangladesh Sanchay Patra on hand - -
- -
Other Commitments
Documentary Credits and short term trade-related transactions - -
Forward assets purchased and forward deposits placed - -
Undrawn note issuance and underwriting revolving facilities - -
Undrawn formal standby facilities, Credit lines and other commitments - -
Claims against the Bank not acknowledged as debt - -
annual report 2009

- -
Total Off-Balance Sheet items including contingent liabilities 1,019,358,647 950,230,187

Financial Statements of
Islamic Banking Branches
Profit and Loss Account (Islamic Banking Branches) For the year ended 31 December 2009

31 December 31 December
2009 2008
Taka Taka

Operating Income Notes

Income from Investment 1,025,674,179 861,156,091
Profit paid on Deposits & Borrowings etc. (686,847,168) (605,412,925)
Net Investment Income 338,827,011 255,743,166

Other Operating Income

Commission, Exchange & Brokerage 5 39,035,259 34,728,038
Other Operating Income 6 13,626,908 12,497,586
52,662,167 47,225,624

Total Operating Income (A) 391,489,178 302,968,790

Salary and Allowances 7 35,445,111 31,670,531

Rent, Taxes, Insurance, Lighting etc. 8 21,172,265 19,182,121
Legal expenses 23,050 -
Postage, Stamp, Telegram & Telephone 9 3,692,659 4,541,344
Stationery, Printing, Advertisement 10 2,429,404 2,274,175
Depreciation on and repairs to Bank's property 11 4,850,161 5,652,595
Other expenses 12 12,382,116 10,351,934
Total Operating Expenses (B) 79,994,767 73,672,700
Profit/(Loss) before Provision (C=A-B) 311,494,412 229,296,090

Provision for Loans and Advances 65,148,818 40,882,059

Provision for Off-Balance Sheet Exposures 10,193,500 9,502,300
Other Provisions - -
Total Provision (D) 75,342,318 50,384,359

Profit/(Loss) before Taxes (E=C-D) 236,152,094 178,911,731

annual report 2009

Notes to Financial Statements of
Islamic Banking Branches
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
1 Cash Taka Taka
Cash in hand
Local currency 21,382,418 45,504,731
Foreign currency 577,055 179,601
21,959,473 45,684,332
Balance with Bangladesh Bank and its agent banks
Local currency 700,500,000 -
Foreign currency - -
700,500,000 -
Balance with Sonali Bank (as agent of Bangladesh Bank): 3,976,534 102,460
704,476,534 102,460
726,436,007 45,786,792

1.1 Cash Reserve Requirement (CRR) and Statutory Liquidity Ratio (SLR)
Cash Reserve Requirement and Statutory Liquidity Ratio have been calculated and maintained in accordance with
section 33 of Bank Companies Act, 1991 and BRPD circular no.15 dated November 09, 2009 covering guidelines
for Islamic Banking, Section-VI
The Cash Reserve Requirement on the Bank's time and demand liabilities at the rate of 5% has been calculated
and maintained with Bangladesh Bank in current account and 10% Statutory Liquidity Ratio, including CRR,
on the same liabilities has also been maintained in the form of treasury bills, bonds, FC with Bangladesh Bank.
Both the reserves maintained by the Bank are in excess of the statutory requirements, as shown below:
1.1.1 Cash Reserve Requirement (CRR):
5% of Required Average Demand and Time Liabilities:
Required reserve 314,186,040 -
Actual reserve held 700,500,000 -
Surplus 386,313,960 -
1.1.2 Statutory Liquidity Requirement (SLR):
10% of Required Average Demand and Time Liabilities:
Required reserve 628,372,080 -
Actual reserve held 726,436,007 -
Surplus 98,063,927 -
Held for Statutory Liquidity Ratio
Cash in hand 21,959,473 -
Balance with Bangladesh Bank and its agent bank(s) 704,476,534 -
726,436,007 -
2 Balance with Other Banks and Financial Institutions:
In side Bangladesh 266,944 118,308,522
Outside Bangladesh - -
266,944 118,308,522
3 Fixed assets including premises, fumiture and fixtures
Furniture and fixtures 21,990,629 20,874,970
Office equiment and machinery 13,417,045 11,728,341
35,407,674 32,603,311
Less: Accumulated depreciation
Furniture and fixtures 8,219,452 6,774,966
Office equipment and machinary 6,556,494 5,092,409
14,775,946 11,867,375
Written down value at the end of the year 20,631,728 20,735,936
4 Deposits and Other Accounts
Al-wadeeah Current Deposits 465,856,956 371,635,808
Mudaraba Savings Deposits 2,127,856,375 997,793,546
Mudaraba Short Term/Fixed Deposits 7,113,024,540 4,773,597,930
Mudaraba Scheme Deposits 600,802,133 751,546,622
10,307,540,004 6,894,573,906
5 Commission, Exchange and Brokerage
Commission and brokerage 35,453,616 31,574,219
annual report 2009

Exchange gain 3,581,643 3,153,819

39,035,259 34,728,038

Notes to Financial Statements of
Islamic Banking Branches
Notes to the Financial Statements for the year ended 31 December 2009
31 December 31 December
2009 2008
Taka Taka
6 Other Operating Incomes
Remittance fees 398,263 466,608
Service and mcidental charges 8,591,646 7,872,593
Other Fees-Telephone/Telex/Postage 1,686.696 1,543,854
Income fmm ATM services 7,920 26,890
On-Line services 983,345 1,035,871
Other Fees - SWIFT 1,943,267 1,490,204
Miscellaneous income 15,771 61,565
13,626,908 12,497,586
7 Salaty and Allowances
Basic salary 16,506,603 13,552,347
Allowances 11,086,0 17 8,361,370
Bonus 6,521,050 8,616,450
Provident fund 1,331,441 1,140,364
35,445,111 31,670,531
8 Rent, Taxes, Insurance, Lighting etc.
Rent, rates and taxes 14,990,106 13,934,257
Insurance 4,064,786 3,317,568
Electricity and lighting 2,117,373 1,930,296
21,172,265 19,182,121
9 Postage, Stamp, Telegram & Telephone
Postage 977,270 799,042
Telephone 533,333 755,222
Electranic banking service 285,475 291,403
VSAT On-Line 1,069,900 2,167,675
SWIFT services 826,681 528,002
3,692,659 4,541,344
10 Stationety, Printing, Advertisement etc.
Table Stationery 502,139 441,964
Printing Stationery 1,171,070 1,045,101
Security Stationery 242,598 194,918
Computer Stationery 451,363 559,277
Publicity and advertisement 62,234 32,915
2,429,404 2,274,175
11 Depreciation and Repairs at Bank's Property
Furniture and Fixture 1,450,616 1,659,050
Office Appliance 7,109 7,595
Electrical Appliance 1,456,976 1,471,086
Repairs: 2,914,701 3,137,731
Furniture and Fixture 344,051 715,764
Office and Electrical Appliance 922,191 1,345,925
Repair, Maintenance and Utilities 669,218 453,175
1,935,460 2,514,864
4,850,161 5,652,595
12 Other expenses
Security and Cleaning 2,299,793 2,063,263
Entertainment-Office and AGM 880,183 772,909
Business Pmmotion Expenses 212,286 197,152
Car Expenses 3,753,168 3,476,703
Books and Periodicals 32,559 30,260
Subscription and Donation 2,000 -
Travelling Expenses 233,215 357,220
Conveyance 206,966 203,628
Petul, Oil and Lubricant - 2,932
Training/Seminar 2,000 5,000
Uniforms and Apparels 66,486 43,341
Medical Expenses 597,600 -
Pmfessional expenses 11,900 -
Expenses for CIB Report 7,200 -
Expenses Regarding Credit Card 289,102 4,650
annual report 2009

Miscellaneous 3,787,658 3,194,876

12,382,116 10,351,934

annual report 2009

Statement of Tax Position
As at 31 December, 2009

Accounting Assessment Tax provision as Tax as per Tax paid Excess/(Shortage) Excess/ Present status
year year per accounts assessment order of provision (Shortage) of Tax

1996 1997-1998 3,257,419 12,238,230 12,238,230 (8,980,811) - Settled

1997 1998-1999 28,000,000 41,534,700 34,012,284 (13,534,700) (7,522,416) Appeal to High Court

1998 1999-2000 41,305,000 72,691,434 42,494,020 (31,386,434) (30,197,414) Appeal to High Court

1999 2000-2001 85,000,000 75,685,833 75,685,833 9,314,167 - Settled

2000 2001-2002 114,500,000 99,878,512 99,878,512 14,621,488 - Settled

2001 2002-2003 131,492,000 168,819,477 168,819,477 (37,327,477) - Settled

2002 2003-2004 181,986,000 225,452,928 225,452,928 (43,466,928) - Settled

2003 2004-2005 299,337,000 258,021,090 258,021,090 41,315,910 - Settled

2004 2005-2006 247,514,000 255,885,017 256,314,771 (8,371,017) 429,754 Settled

2005 2006-2007 543,275,000 492,135,222 492,135,222 51,139,778 - Settled

2006 2007-2008 714,000,000 882,994,743 882,994,743 (168,994,743) - Settled

2007 2008-2009 1,354,633,782 1,217,328,007 1,217,328,007 137,305,775 - Settled

2008 2009-2010 1,247,747,625 1,193,805,943 1,193,805,943 53,941,682 - File submitted & Under Process

4,992,047,826 4,996,471,136 4,959,181,060 (4,423,310) (37,290,076)

Highlights on the overall activities of the bank
For the year ended 31 December2009


SL. Particulars December 31, 2009 December31, 2008

No. (Taka) (Taka)

1 Paid up Capital 3,422,637,300 2,852,197,800

2 Total Capital (core +suplementary) 9,927,160,550 7,657,011,723

3 Capital surplus / (deficit) 1,460,228,350 773,924,273

4 Total Assets 112,676,984,923 81,181,527,919

5 Total Deposits 96,669,052,139 68,714,672,575

6 Total Loans and Advances 77,497,573,199 60,281,260,389

7 Total Contingent Liabilities and Commitments 35,650,980,276 31,579,703,610

8 Credit Deposit Ratio (%) 80.17% 87.73%

9 Percentage of classified loans against total loans and advances 3.73% 4.12%

10 Profit after tax and provision 1,870,185,240 887,235,037

11 Amount of classified loans during current year 2,892,999,553 2,484,331,340

12 Provisions kept against classified loan 1,130,742,922 1,094,336,047

13 Provision surplus / (deficit) 10,728,686 35,237

14 Cost of Fund 9.16% 9.65%

15 Interest earning Assets 96,174,903,386 68,950,394,244

16 Non-interest earning Assets 16,502,081,537 12,231,133,676

17 Return on Investment (ROI) 11.12% 8.55%

18 Return on Assets (ROA) 1.66% 1.09%

19 Incomes from Investment 2,903,053,436 1,279,958,931

20 Earning per Share 54.64 25.92

21 Net income per Share 54.64 25.92

22 Price Earning Ratio 6.09 10.22

annual report 2009

Southeast Bank Limited
15th Annual General Meeting
Registered Office
52-53, Dilkusha C/A, Dhaka-1000

Notice of the 15th Annual General Meeting

Notice is hereby given to all members of Southeast Bank Limited that the 15th Annual General Meeting of the
Shareholders of the Company will be held on March 29, 2010 at 10.00 a.m. at Hall of Fame Bangabandhu
International Conference Centre, Agargaon, Sher-E-Bangla Nagar, Dhaka to transact the following business
and adopt necessary resolutions:

1. To receive, consider and adopt the Profit and Loss Accounts of the Company for the year ended on 31st
December, 2009 and the Balance Sheet as at that date together with the Reports of the Board and the Auditors
2. To declare dividend for the financial year ended 31st December 2009.
3. To elect/re-elect Directors in place of those who shall retire in accordance with law.
4. To appoint Auditors for the term until the next Annual General Meeting and fix their remuneration.
All Members are requested to attend the meeting on the date, time and place mentioned above.

By order of the Board

Dated: March 14, 2010

Muhammad Shahjahan
Senior Executive Vice President
& Company Secretary

a) The Record Date for the purpose was on March 11, 2010.
b) Any member of the Company entitled to attend and vote at the general meeting may appoint a proxy to attend
and vote on his/her behalf. Such proxy except for a Corporation must also be a member of the Company. An
Attorney of a member need not himself/herself be a member.
c) The instrument appointing a Proxy or the Power of Attorney duly signed by the Member and stamped with
requisite stamp duty must be submitted at the Registered Office of the Company at least 48 hours before the
meeting, i.e. latest by 10:00 a.m. of March 27, 2010.
d) Huda Vasi Chowdhury & Co., Chartered Accountants, current auditors, will retire from office in the 15th
AGM. Since they have audited the accounts of the company for three consecutive years, Huda Vasi
Chowdhury & Co., are not eligible to re-appointment as per BRPD Circular No. 12 dated July 11, 2001 of
Bangladesh Bank
e) Attendance of the Shareholder/Attorney/Proxy shall be recorded up to 11.00 a.m. at the entrance of the venue.
Attendance slip has to be submitted at the Registration Counter duly signed. The signature must agree with the
recorded signature.
f) Annual Report containing, among other papers, this Notice of the 15th Annual General Meeting, Attendance
Slip and Proxy Form is being sent to every member by post. The members may also collect Proxy Form from
the Share Office of the Company.
g) Members are requested to notify change of address, if any, well in time. For BO A/C holders, any change of
address is to be done through the respective Depository Participant well before the Record Date.
annual report 2009

Southeast Bank Limited

Appointment of Auditors
Registered Office
52-53, Dilkusha C/A, Dhaka-1000

Notice for Appointment of Auditors

This is for information of our valued Shareholders that in terms of Section 210 (6) of the Companies Act-1994,
Shareholders of the Bank have proposed the names of under noted Auditors for appointment as Auditors of the Bank for
the year 2010 in the 15th Annual General Meeting to be held on March 29, 2010 at 10.00 a.m. at Bangabandhu
International Conference Centre, Sher-E-Bangla Nagar, Dhaka and the Auditors have also given their consent for such

A) Rahman Rahman Huq b) Howladar Yunus & Co.

Chartered Accountants Chartered Accountants
9, Mohakhali C/A (11th & 12th Floor) 67, Dilkusha C/A (2nd Floor)
Dhaka-1212 Dhaka-1000

C) Syful Shamsul Alam & Co. D) S. H. Khan & Co.

Chartered Accountants Chartered Accountants
65/2/1, Box Culvert Road Raz Bhaban (1st Floor)
Purana Paltan 29, Dilkusha C/A
Dhaka-1000 Dhaka-1000

It may be mentioned here that the present Auditors M/s Hoda Vasi Chowdhury and Co., Chartered Accountants, have
completed their consecutive 3 (there) years as Auditors of the Bank and as per provisions of BRPD Circular letter No. 12
dated July 11, 2001 of Bangladesh Bank, they are not eligible to re-appointment. As such, the Shareholders are required
to appoint new Auditors for the Bank from amongst the aforesaid audit firms.

By order of the Board

Dated: March 14, 2010 Muhammad Shahjahan

Senior Executive Vice President
and Company Secretary
annual report 2009

Branches of Southeast Bank Limited

Principal Branch Kawran Bazar Branch

1, Dilkusha Commercial Area, Dhaka-1000 Pragati - RPR Centre
Tel: 9550081, 9567271-2, 9563101 20-21, Karwan Bazar (1st Floor), Dhaka-1215
Fax: 88-02-9551575 Tel: 9136112, 9139276-8
Fax: 88-02-9136510
Agrabad Branch
Jahan Building Halishahar Branch
59, Agrabad Commercial Area, Chittagong House # 02 (1st Floor), Road # 03, Lane # 03
Tel: 031-713097-8, 031-7130 94-5, 031-721151-3 Block-K, Halishahar Housing Estate
Fax: 88-031-713096 Halishahar, Chittagong
Tel: 031-716826, 2526183, 2526184
Khatunganj Branch
Fax: 88-031-727949
410/411, Khatunganj, Chittagong
Tel: 031-2863594, 621934, 620166-7, 620516 Shahjalal Uposhahar Branch
Fax: 88-031-62 05 17 Plot # 07, Block # D, Main Road
Shahjalal Uposhahar, Sylhet
Laldighirpaar Branch
Tel: 0821-816007, 811655, 810961
1778/1779, New Market, Sylhet
Fax: 88-0821-711820
Tel: 0821-710955, 715382, 710218
Fax: 88-0821-710102 New Eskaton Branch
Chowdhury Centre
Imamganj Branch
23/Ka, New Eskaton Road (1st Floor)
Bhuiyan Market
P.S. : Ramna, Dhaka-1000
163/2, Mitford Road, Dhaka
Tel: 9360953, 9340001, 9330176, 9340796
Tel: 7314801, 7316423, 7318567, 7316644
Fax: 88-02-9362177
Fax: 88-02-7314801
New Elephant Road Branch
Bangshal Branch
Kazi Bhaban
14/3, North South Road, Dhaka
39, New Elephant Road, (1st and 2nd Floor)
Tel: 7121248, 7121251, 9567163, 7176116, 7176117
P.S.: Dhanmondi, Dhaka-1205
Fax: 88-02-9567164
Tel: 9674588, 9674327, 9674324-5
Jubilee Road Branch Fax: 88-02-9674326
Haji Golam Rasul Market
Agargaon Branch
96, Jubilee Road, Chittagong
Plot # E-4/B (1st Floor)
Tel: 031-611712-5, 635245, 635246
Agargaon Administrative Area
Fax: 88-031-611716
Sher-e-Bangla Nagar, Dhaka-1207
Moulvibazar Branch Tel: 8151717, 8152634, 9132747, 9134247
Jarif Tower Fax: 9132704
199/2, M. Saifur Rahman Road, Moulvibazar
Chhagalnaiya Branch (Islamic Banking)
Tel: 0861-53727-9
Mir Shopping Complex (1st Floor)
Fax: 88-0861-53730
Chhagalnaiya Bazar, Feni
Gulshan Branch Tel: 03322-78302, 78432
House # 82 CES (F) 1 Fax: 03322-78302 Ext.-111
Gulshan Avenue, Dhaka
Cox's Bazar Branch (Islamic Banking)
Tel: 9883491, 98834 01-5, 9883492
Asha Shopping Complex
Fax: 88-02-9883495
430-431, Bazar Ghata (1st Floor), Cox's Bazar
Khulna Branch Tel: 0341-63406, 0341-51053
155, Sir Iqbal Road, Khulna Fax: 0341-64742
Tel: 041-730606, 7314 06, 731306, 731606
Bandar Bazar Branch (Islamic Banking)
Fax: 88-041-731506
Karimullah Market (1st Floor)
Dhanmondi Branch Bandar Bazar, Sylhet
House # 23 (New), Road # 16 (New)/27 (Old) Tel: 0821-810322, 812246, 4116495, 4011350
Dhanmondi R/A, Dhaka Fax: 0821-2831455
Tel: 8126787, 8122474, 8126785-6
Banani Branch
Fax: 88-02-8122420
Plot:71, Block: B
Uttara Branch Kemal Ataturk Avenue, Banani, Dhaka
House # 1, Road # 11, Sector # 1, Uttara, Dhaka-1230 Tel: 9860363, 8861697, 8859518, 8859987, 8861629
Tel: 8923680, 8916538, 8922538 Fax: 88-02-8861960
Fax: 88-02-8918689
Kulaura Branch (Rural)
Chouhatta Branch Green House, Juri Road, Kulaura, Moulvi Bazar
annual report 2008

Manru Shopping City

Tel: 08624-56208
Plot # 4953/4943 (1st Floor)
Chouhatta Mirboxtola Road, Chouhatta, Sylhet Fax: 08624-56208
Tel: 0821-720726, 720277
Fax: 88-0821-720276

Branches of Southeast Bank Limited

Feni Branch Rangpur Branch

Surma Sadan (1st and 2nd Floor) RDRS Complex
176, 177 and 178 Trunk Road, Feni 9416, Jail Road, Radhaballab, Rangpur
Tel: 0331-63004, 62884, 61362, 61852 Tel: 0521-64672, 64673, 64778, 64779
Fax: 0331-62884 Ext.-102 Fax: 0521-64780
Motijheel Branch (Islamic Banking)
Ashulia Branch (Rural)
125, Motijheel C/A (1st Floor), Dhaka-1000
Helim Shopping Complex, Ashulia, Dhaka
Tel: 9567286, 9567202, 9567303, 9567262
Tel: 7788440, 7788420
Fax: 9567701
Fax: 7788441
CDA Avenue Branch (Islamic Banking)
Bashurhat Branch (Rural)
Ali Villa, 1640/1861 (New), CDA Avenue
Syeed Mansion
Panchliash, Chittagong
Holding # 75, Main Road, Bashurhat Pauroshava
Tel: 031-652150, 031-654875
Companyganj, Noakhali
Fax: 031-2552387
Tel: 03223-56415, 56461
Hetimgonj Branch (Rural) Fax: 03223-56430
Khoyruganj Jame Masjid Market Complex (1st Floor)
Chowmuhani Branch (Rural)
Hetimgonj Chowrasta, Sylhet
Hossain Market
Tel: 0821-841472, 0821-841471
Holding # 276-284, D. B Road
Fax: 0821-841473
Chowmuhani Pauroshava, Begumganj, Noakhali
Aganagar Branch (Rural) Tel: 0321-53534, 0321-53535
Hassan Market (1st Floor), Keranigonj, Dhaka Fax: 0321-54018
Tel: 7772516, 7761133
Pahartali Branch
Fax: 7761155
Hajrat Taiyabia Complex
Corporate Branch Holing # 801 (New), D. T Road, Alongkar Mour
Eunoos Trade Centre (Ground Floor) Pahartali, Chittagong
52-53, Dilkusha C/A, Dhaka-1000 Tel: 031-2771001, 031-2771002-4
Tel: 9567764, 9551444, 9554447 Fax: 031-2771005
Fax: 9571424
Narayanganj Branch
Pathantula Branch 26-29, S. M Maleh Road, Tanbazar, Narayanganj
Holding # 1227/1228 (New) & 2406/2407 (Old) Tel: 7648201, 7648202, 7648203, 7634331
Pathantula, Sylhet Sadar, Sylhet Fax: 7648200
Tel: 0821-724545
Bogra Branch
Fax: 0821-724300
Bhandari Manjil (2nd Floor)
Shyamoli Branch 776-777, Barogola, Bogra
ASA Tower (2nd Floor) Tel: 051-68083, 68084, 68085, 68086
23/3 & 23/14, Khilji Road, Shyamoli Fax: 051-51939
Mohammadpur, Dhaka
Savar Branch (Rural)
Tel: 8123551, 8112250, 8128678, 8112227
Plot # A-109, Bazar Road (1st Floor)
Fax: 8120687
Pourasava & PS.: Savar, Dhaka
Joypara Branch (Rural) Tel: 7743691, 7743692, 7743693, 7743694
Begum Aysha Shopping Complex (1st Floor) Fax: 7743690
Holding # 222, Joypara Pourasava, Dohar, Dhaka Mouchak Branch
Tel: 06223-56040, 56041, 56042 Karnaphuli Point (1st Floor)
Fax: 06223-56040 Ext.-111 70, New Circular Road, Malibagh, Dhaka
Kakrail Branch Tel: 8333347, 8333676, 8333678, 8333679
Musafir Tower (2nd Floor), 90, Kakrail, Dhaka Fax: 8333348
Tel: 9348551, 9330860, 9338934, 9330798 Konabari Branch (Rural)
Fax: 9348559 Plot # A-147/148, BSCIC I/R
Union: Konabari, P.S.: Joydebpur, Gazipur
Madhabdi Branch (Rural)
Tel: 9298840, 9298836, 9298838, 9298839
Madhabdi Pauroshava, Narshingdi
Fax: 9298837
Tel: 06257-56125-6
Fax: 06257-56127 Momin Road Branch
Moitri Bhaban, 370/A-378, Momin Road
Chittagong City Corporation, Kotwali, Chittagong
annual report 2008

Tel: 031-2857345, 2857346, 2857347, 2857348

Fax: 031-2857349

Branches of Southeast Bank Limited

Madambibir Hat Branch (Rural) SME Service Centers

Madambibir Hat, Union-Bhatiary
P.S.: Sitakunda, Dist.: Chittagong Hathazari SME Service Centre
Tel: 031-2781001, 2781003, 2781004, 2781005 S. A Shopping Complex, Hathazari Bus Stand
Fax: 031-2781002 Rangamati Road, Thana: - Hathazari, Chittagong
Tel.: 01713-065977
Barisal Branch
54 Sadar Road (1st Floor), Kotwali, Barisal
Lohagara SME Service Centre
Tel: 0431-2176601, 2176602, 2176603-04
Mostafa City Center, Mouza: Amirabad
Fax: 0431-64056
Thana:- Lohagara, Chittagong
Tongi Branch (Rural) Tel.: 0303-456623, 01713-065986
8/B, Anarkoli Road (1st Floor) Fax: 0303-456624
Tongi Bazar, Gazipur
Tel: 9816647, 9816648, 9816650-51 Beanibazar SME Service Centre
Fax: 9816649 Madrasha Market (1st floor)
Thana: Beani Bazar, Sylhet
Bashundhara Branch
Tel.: 01713-081527
Plot # 142, Block # B, Bashundhara R/A
Baridhara, Dhaka-1212
Tel: 8401031, 8401032, 8401034-5 Tazpur SME Service Centre
Fax: 8401033 Tazpur Bazar, Thana: Balagonj, Sylhet
Tel. : 01713-065904
Rajshahi Branch
Plot # 447, Mangol Bhaban (2nd Floor) Biswanath SME Service Centre
Alupatti Mour, P.O.: Ghoramara Haji Monir Uddin Market Natun Bazar, Biswanath
P.S: Boalia, Dist.: Rajshahi Thana: Biswanath, Sylhet
Tel: 0721-812203, 812204, 812205, 812206 Tel. : 01713-081566
Fax: 0721-812207
Sat Mashjid Road Branch Shebarhat SME Service Centre
ADC Empire Plaza (1st & 2nd Floor) Habib Super Market, Shebarhat Bazar
Plot # 183 (Old) 91 (New), Road # 22 (Old) Feni Chowmuhani Sarak
12/A (New), Sat Mashjid Road, Dhanmondi, Dhaka Thana : Shenbag, Noakhali
Tel: 8191167, 8191168, 8191170, 8191171 Tel: 01713-065972
Fax: 8191169
Sonagazi SME Service Centre
Mohammadpur Branch Pauroshava & Thana: Sonagazi, Feni
Axis Delvista (1st Floor), 7/1, Aorongozeb Road Tel.: 01713-081600
Block-A, Mohammadpur Housing Estate
Mohammadpur, Dhaka Tangail SME Service Centre
Tel: 8129649, 8129604 521/00, Tangail Main Road
Fax: 9119583 Thana: Tangail, Tangail
Naogaon Branch Tel.: 01713-081580
Kazi Habibur Rahman Market
Old Hospital Road (Bridge Mour) Jessore SME Service Centre
Pauroshava: Naogaon, Naogaon Sadar, Naogaon Joya Trisha Complex, 554, Airport Road
Tel: 0741-63397 Arobpur,Kotwali, Dist.: Jessore
Fax: 0741-63397 Ext.: 117 Tel.: 01713-065973

Comilla Branch Brahmanbaria SME Service Centre

359/328, Jhawtala, 1st Kandir Paar Hotel Ansery Doctor Faridul Huda Road (New)
Kotwali, Comilla M.S Ali Road (Old), Kala Sri Para, Brahmanbaria
Tel: 081-61321, 081-61322 Tel.: 01713-081613
Fax: 081-61321
Pragati Sarani Branch Off-Shore Banking Unit
Plot # Ga-25/5/1, Shahjadpur Dhaka EPZ Off-Shore Banking Unit
Pragati Sarani, Gulshan, Dhaka Zone Servicing Building-1
Tel: 9895610, 8818210, 8818208, 8818209 Room # 77 (3rd Floor)
Fax: 8818230 Dhaka EPZ, Ganakbari, Savar
Tel.: 7788628
annual report 2008