Balance Sheet 2010 11

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Howladar Yunus & Co.

Chartered Accountants

2011 2010

Notes Taka Taka

PROPERTY & ASSETSCASH 03.00 998,449,569 763,123,871

Cash in Hand (Including foreign currency) 209,258,486 174,197,323

Balance with Bangladesh Bank and its agent bank (s)

(Including foreign currency) 789,191,083 588,926,549

BALANCE WITH OTHER BANKS & FINANCIAL

INSTITUTIONS 04.00 2,336,658,362 4,169,752,271

In Bangladesh 2,260,085,820 4,109,453,871

Outside Bangladesh 76,572,542 60,298,400

MONEY AT CALL AND SHORT NOTICE 05.00 340,000,000 330,000,000

INVESTMENTS 06.00 1,952,923,492 1,472,321,723

Government 1,324,357,389 1,027,904,760Others 628,566,103 444,416,963

LOANS AND ADVANCES 07.00 10,680,881,875 7,600,797,170

Loan, Cash Credit and Over Drafts etc. 10,665,514,130 7,599,373,830

Bills Purchased and Discounted 15,367,745 1,423,340

Loans & Advances of BCI 07.14 653,559,569 665,222,894

Total Loans and Advances 11,334,441,444 8,266,020,064

FIXED ASSETS including premises, furniture & fixtures 08.00 92,303,468 48,180,592

OTHER ASSETS 09.00 336,083,895 528,961,643

NON-BANKING ASSETS 10.00 - -

TOTAL ASSETS 17,390,860,230 15,578,360,165LIABILITIES AND CAPITAL

Borrowings from other Banks, Financial Institutions and agents 11.00 - 100,000,000

DEPOSITS AND OTHER ACCOUNTS 12.00 13,876,888,734 12,187,614,460

Current Account and Other Accounts etc. 942,069,237 1,965,647,110

Savings Bank Deposits 1,198,960,870 989,904,941

Short Term Deposits 1,160,418,149 1,334,453,570

Fixed Deposits 7,854,745,903 5,026,466,909

Deposit under Different Schemes 12.01 1,076,274,794 752,111,890

Bills Payable 12.03 269,506,219 160,908,668

Bank Deposit 802,890,000 1,820,000,000

Other Deposits 12 04 572 023 562 138 121 373

Bangladesh Commerce Bank Limited

Balance Sheet

As on 31 December 2011

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Notes 2011 2010

Taka Taka

CONTINGENT LIABILITIES 18.00

Acceptances and Endorsements - -

Letter of Guarantees (18.01) 18.01 519,264,619 100,834,581

Irrevocable Letter of Credit 1,826,608,787 634,746,923

Bills for Collection 176,322,351 67,250,528

Other contingent liability (18.02) 18.02 84,373,621 84,423,622

Tax Liability of BCBL 71,354,804 -TOTAL CONTINGENT LIABILITIES 2,677,924,182 887,255,654

OTHER COMMITMENTS

Documentary Credits and short term trade

related transactions - -

Forward assets purchased and forward

deposits placed - -

Undrawn note issuance and revolving

underwriting facilities - -

Undrawn formal standby facilities, credit lines and other commitments

Total - -

TOTAL OFF-BALANCE SHEET ITEMS 2,677,924,182 887,255,654

These Financial Statements should be read in conjunction with the annexed notes

Off-Balance Sheet

As of 31 December 2011


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Notes 2011 2010

Taka Taka

OPERATING INCOME

Interest Income 19.00 1,510,634,175 926,555,777

Less: Interest Paid on Deposits and Borrowings etc 20.00 912,798,490 621,149,033

Net Interest Income 597,835,685 305,406,744

Income from Investments 21.00 114,834,774 178,700,106

Commission, Exchange Earnings & Brokerage 22.00 132,470,508 90,933,697

Other Operating Income 23.00 55,359,732 42,740,676

302,665,014 312,374,479

TOTAL OPERATING INCOME (A) 900,500,699 617,781,223

OPERATING EXPENSESSalary and Allowances 24.00 243,758,628 184,540,144

Rent, Taxes, Insurance, Electricity, etc. 25.00 47,826,885 28,731,799

Legal Expenses 1,446,586 599,498

Postage, Stamp, Telecommunication etc. 26.00 4,110,283 4,096,523

Stationery, Printing, Advertisement etc. 27.00 12,419,862 9,832,971

Managing Director's salary and allowances 28.00 9,280,000 5,739,353

Directors' Fee 809,825 771,150

Audit & Evaluation Fee 263,625 100,000

Depreciation & Repair of Fixed Assets 29.00 26,059,885 15,528,913

Other Expenses 30.00 55,581,092 42,425,103

Total Operating Expenses (B) 401,556,671 292,365,454

Profit before Provision (C)=A-B 498,944,028 325,415,768

Provision against Classified Loans 13.01.01 100,000,000 100,000,000

Provision against Un Classified Loans 13.01.02 14,179,070 30,000,000

Other Provisions 13.13 160,342,277 32,732,049

TOTAL PROVISION (D) 274,521,347 162,732,049

TOTAL PROFIT/(LOSS) BEFORE TAX (C-D) 224,422,681 162,683,719

PROVISION FOR TAXATION 154,523,241 99,375,138

Provision for Taxation 155,000,000 100,000,000

Provision for Deferred Tax (476,759) (624,862)

NET PROFIT/(LOSS) AFTER TAXATION 69 899 439 63308582

Profit and Loss Account


For the year ended 31 December 2011

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PARTICULARS Notes 2011 2010

Taka Taka

CASH FLOW FROM OPERATING ACTIVITIES

Interest Receipts in Cash 1,063,280,620 1,016,111,246

Interest Payment (858,030,581) (583,850,852)

Dividend Receipts 296,187 885,146

Fees and Commission Receipts in Cash 132,470,508 90,933,697

Recoveries of Loans Previously Written Off - -

Cash Payment to employees (253,038,628) (190,279,497)

Cash Payment to Suppliers (64,357,030) (42,661,293)

Income Tax paid (89,647,440) (1,814,840)

Receipts from other Operating Activities 55,359,732 241,921,365

Payment for other Operating Activities (55,581,092) (42,425,103)Operating Profit Before Changes in current Assets & Liabilities (69,247,725) 488,819,868

Increase/Decrease in operating Assets and Liabilities (1,077,945,071) 1,906,443,679

(Increase)/Decrease in Statutory Deposits (44,884,536) -

(Purchase)/Sale of Trading Securities - -

(Increase)/Decrease in Loan & Advances to Other Banks - -

(Increase)/Decrease in Loan & Advances to Customers (3,068,421,380) (2,009,818,384)

(Increase)/Decrease in Other Assets 192,877,749 (319,720,864)

Increase/(Decrease) in Deposits from Other Banks (1,017,110,000) 1,420,000,000

Increase/(Decrease) in Deposits from Customers 2,706,384,273 2,362,639,194

Increase/(Decrease) in Other Liabilities 153,208,823 353,343,733

Increase/(Decrease) in Trading Liabilities - -

Net Cash Flow from Operating Activities (A) (1,147,192,796) 2,395,263,547

CASH FLOW FROM INVESTING ACTIVITIES

Proceeds from Sale of Securities - -

Increase/(Decrease) in Cash due to Sale and Purchase of Assets - -

(Purchase)/Sale of Property plant and equipment (44,122,876) (9,227,116)

(Purchase)/Sale of Subsidiary (199,999,910) -

Net Cash used in Investing Activities (B) (244,122,786) (9,227,116)



Statement of Cash Flow

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Balance as on 01 January 2011 1,988,742,800 - 98,329,157 - 3,848,512 - 4,643,995 2,095,564,464

Share Capital BCI Ltd. 39,000,000 - - - - - - 39,000,000

Prior Year's Adjustment - - - - - - - -

Dividend Paid during the year - - - - - - - -

Decrease from Statutory Reserve - - - - - - - -

Increase in Statutory Reserve 44,884,536 - - 44,884,536

Surplus of Revaluation Reserve for HTM Securiti - - - 13,035,973 - - - 13,035,973

Issuance of Share Capital - - - - - - -

Redemption of Share Capital - - - - - - - -

Net Profit/(Loss) for the period - - - - - - 25,014,902 25,014,902

Balance as on 31 December 2011 2,027,742,800 - 143,213,693 13,035,973 3,848,512 - 29,658,897 2,217,499,875

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman

Dated, Dhaka

April 18, 2012

Revaluation

Reserve onSecurities

Exchange

EqualizationAccount


Managing Director

Bangladesh Commerce Bank LimitedStatement of Changes in Equity

DirectorDirector

Profit/(Loss) Total (Tk.)Particulars Paid up Capital

Share

PremiumAccount

Statutory

Reserve

Other

Reserve

5

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Particulars Upto 1-3 3-12 1-5 Years More than Total

01 Month Months Months 5 YearsASSETS:

Cash in hand & with Bangladesh Bank 998,449,569 - - - - 998,449,569

Balance wi th other Banks & F inancial Inst itut ions 2,173,848,119 - 162,810,243 - - 2,336,658,362

Money at Call & short notice 340,000,000 - - - - 340,000,000

Investment 570,100 - 328,566,193 - 1,623,787,199 1,952,923,492

Loans and Advances 473,918,376 1,972,246,902 3,965,708,216 3,264,002,001 1,658,565,949 11,334,441,444

Fixed Assets inc luding premises, furni ture and f ixtures 369,214 738,428 3,350,616 13,384,002 74,461,208 92,303,468

Other Assets 37,225,881 46,004,241 1,402,950 140,611,855 110,838,968 336,083,895

Non-Banking Assets - - - - - -

Total Assets 4,024,381,259 2,018,989,571 4,461,838,218 3,417,997,858 3,467,653,324 17,390,860,230

LIABILITIES: -

Borrowing from Bangladesh Bank, Other Banks, - - - - - -

Financial Institutions and Agents - - - - - -

Deposits 1,421,797,311 3,324,827,125 3,363,369,845 684,390,060 5,082,504,392 13,876,888,734

Other Liabilities - 37,958,558 364,252,688 272,826,891 621,433,484 1,296,471,621

Total Liabilities 1,421,797,311 3,362,785,683 3,727,622,533 957,216,951 5,703,937,876 15,173,360,355

Net Liquidity Gap 2,602,583,948 (1,343,796,112) 734,215,684 2,460,780,907 (2,236,284,552) 2,217,499,875

Net result of Liquidity Statement represents the Shareholders' Equity of Bank

Chairman Director Director

Dated, Dhaka

April 18, 2012

FOR THE YEAR ENDED 31 DECEMBER 2011

Managing Director

Bangladesh Commerce Bank LimitedLIQUIDITY STATEMENT (ASSET AND LIABILITY MATURITY ANALYSIS)

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Balance Sheet 2010 11