· Created Date: 5/6/2018 2:59:21 PM
97
Transcript of · Created Date: 5/6/2018 2:59:21 PM
S. F. Ahmed & Co.Chartered AccountantsHouse - 5l (2d& 3'd Floor), Road - 9, Block - F,
Banani, Dhaka - 1213, Bangladesh.
Phones: (880-2) 9894026, 9894346 & 9E7 0957
Fax (880-2) 9845135E-mail : [email protected]
Howladar Yunus & Co.Chartered AccountantsHouse-I4 (4s Floor)Road- 16A, Gulshan-lDhaka-L212Phone: +8802 9883836Far: +8802 9552989
Independent Auditors' RePort
to the Shareholders of Sonali Bank Limited
Report on the Financial Statements
We have audited the accompanying consolidated financial statements of Sonali Bank Limited and its subsidiaries
(the "Group") as well as the separaie financial statements of Sonali Bank Limited (the "Bank"), which comprise the
ionsolidated balance sheet and the separate balance sheet as at 31 December 2017, and the consolidated and
separate profit and loss accounts, consoiidated and separate statements of changes in equity and consolidated and
separate iash flow statements for the year then ended, and a summary of significant accounting policies and other
explanatory information.
Management's Responsibility for the Financial Stitements and Internal Controls
Management is responsible for the preparation of consolidated financial statements of the Group and also separate
financial statements of the Bank that give a tnre and fair view in accordance with Bangladesh Financial Reporting
Sundards as explained in note 2.00 and for such intemal conhol as management determines is necessary to enable
the preparation Lf consotidated financial statements of the Group and also separate financial statements of the Bank
thatare free from material misstatement, whether due to fraud or error. The Bank Company Act, l99l as amended
and the Bangladesh Bank Regulations require the Management to ensure effective internal audit, intemal control
and risk management functions of the Bank. The Management is also required to make a self-assessment on the
effectiveness olanti-fraud internal controls and report to Bangladesh Bank on instances of fraud and forgeries.
Auditors' Responsibility
Our responsibility is to express an opinion on these consolidated financial statements of the Group and the separate
financial statements of the Bank based on our audit. We conducted our audit in accordance with Bangladesh
Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the
audit to obtain reasonabte assurance about whether the consolidated financial statements of the Group and separate
financial statements of the Bank are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
consolidated financial statemJnis of the Group and separate financial statements of the Bank. The procedures
selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the
consolidate-d financial statements of the Group and separate financial statements of the Bank, whether due to fraud
or eror. In making those risk assessments, the auditor considers intemal control relevant to the entity's preparation
of consolidated financial statements of the Group and separate financial statements of the Bank that give a fiue and
fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of aciounting policies used and the reasonableness of accounting estimates made by
managemint, as weli as evaluating the overall presentation of the consolidated financial statements of the Group
and also separate financial statements of the Bank.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Opinion
In our opinion, the consolidated financial statements of the Group and also separate financial statements of the
Bank give a true and fair view of the consolidated financial position of the Group and the separate financial
positio-n of the Bank as at 3l December 2017,and of its consolidated and separate financial performance and its
consolidated and separate cash flows for the year then ended in accordance with Bangladesh Financial Reporting
Standards as explained in note 2.00.
I -9ee+a
Report on other Legal and Regulatory Requirements
In accordance with the Companies Act 1994, Securities and Exchange Rules 1987, the Bank Company Act, l99l as
amended and the rules and regulations issued by Bangladesh Bank, we also report the following:
a) we have obtained all the information and explanation which to the best of our knowledge and belief were
necessary for the purpose ofour audit and made due verification thereof;
b) to the extent noted during the course of our audit work performed on the basis stated under the Auditors'
Responsibility section in forming the above opinion on the consolidated financial statements of the Group and
the irnancial itatements of the Bank and considering the reports of the Management to Bangladesh Bank on anti-
fraud internal controls and instances of fraud and forgeries as stated under the Management's Responsibility for
the Financial Statements and Internal Control:
i. intemal audit, intemal control and risk management axrangements of the Bank as disclosed in note 2.33 ofthe financial statements appeared to be materially adequate;
ii. nothing has come to our attention regarding material instances of forgery or irregularity or administa]ive
eno. and exception or anything detrimental committed by employees of the Bank and its related entities
other than matters disclosed in these financial statements.
c) financial statements of all subsidiaries of the Bank have been audited by other auditors and have been properly
reflected in the consolidated financial statements;
d) in our opinion, proper books ofaccounts as required by law have been kept by the Group and the Bank so far
as it apieared from our examination of those books and proper retums adequate for the purpose of our audit
have been received from the branches not visited by us;
e) the consolidated balance sheet and consolidated profit and loss account ofthe Group and the separate balance
sheet and separate profit and loss account of the bank dealt with by the report are in agteement with the books
ofaccount;
f) the expenditure incurred was for the purposes of the Bank's business;
g) the consolidated financial statements of the Group and the separate financial statements of the Bank have been
drawn up in conformity with prevailing rules, rlgulations and accounting standards as well as with related
guidance issued by Bangladesh Bank;
h) adequate provisions as explained in respective notes have been made for advances, investments and other
assets which are, in our opinion, doubtful of recovery;
D the records and statements submitted by the branches have been properly maintained and consolidated in the
financial statements;
j) the information and explanation required by us have been received and found satisfactory; and
k) we have reviewed over 80o/o of the risk weighted assets of the Bank and we have spent around 18,150 person
hours for the audit ofthe books and accounts ofthe Bank.
Yunus &7-r--*-=. FS. F. Ahmed & Co.Chartered Accountants
Dated, Dhaka;30 April20l
Chartered
Sonali Bank Limited and its SubsidiariesConsolidated Balance Sheet
as at 3l December 2017
Particulars Note2017Talo
2016Taka
I
PROPERTY AI\D ASSETS
CashCash in Hand (Including Foreign Currencies)
Balance with Bangladesh Bank and its agent Bank(s)(Including Foreip Currencies)
Balance with other Banks & Financial Institutions
In Bangladesh
Outside Bangladesh
Money at Call on Short Notice
Investments
Govemment
Others
Loans and Advances
Loans, Cash Credit, Overdrafu etc.
Bills Purchased and Discounted
Total Liabilities
Shareholders EquityPaid up Capital
Statutory Reserve
Other Reserve
Revaluation Reserve
Surplus in hofit and Loss Account/Retained Earnings
763 ,762
6,289,949,137
73,793,502,625
6t,872230,477 39,039,842397
3.00
4.00
5.00
6.00
14.00
15.00
16.00
17.00
18.00
62,556,320,682
6,315,909,795
33r10,453,737
140,011J48,14E
22,564,800,000 3,586rE2,000
ll
35,446,755,102
3,593,097295
33,119,0211065
189,711,44E37t
77.00
Fixed Asset including Premises, Furniture and Fixture 8'00
other Assets 9.00
Non-Banking Assets 10.00
Total Assets
LIABILITIES AND CAPITAL
LiabilitiesBorrowing from other Banks, Financial Institutions &
I1.00Agents
Deposits and Other Accounts 12'00
Current Accounts & Other Accounts etc
Bills Payable
Savings Bank Deposits
Fixed Deposits
Other Deposits
Other Liabilities 13.00
1141,185,937,350 1201,563J10'343
71424t,t72 769,623fi29
II238,868,974,602
12,363,905,107
319,578,769,175
493,414,311,551
232,276,650,424
15,060,153,280
287,404,548,716
496,852,235,866
110,343,471,985 1021080,884,792
1,1752E3$74,292 1,134,444,098,707
67 I
3
5,112,714,589
92,883,273,174
420,729,885,067
76t
437,987,987,654
3l 70
413,E54,566,578
ll l9
377,392,473,205
9, t2
41,300,000,000
10,199,682,013
I17,000,000
28,920,784,692
(14,635203,647)
38,300,000,000
8,284,876285
122,810,533
33,718,673,632
(13,307
Total Shareholdersr Equity t24r,r8sw3s0 I
Sonali Bank Limited and its SubsidiariesConsolidated Balance Sheet
as at 3 I December 2017
Particulars Note2017Taka
2016Taka
Contingent Liabilities
Acceptances and Endorsements 19.00
Letters of Guarantee
Irrevocable Letters of Credit
Bills for Collection
Other Contingent Liabilities
Other Commitments
Documentary credits and short term trade related transactions
Forward asset purchased and forward deposit placed
Undrawn note issuance and revolving underwriting facilities
Undrawn formal standby facilities, credit lines and other
commitments
Claim against the bank not acknowledged as debt
Litigation pending against Bank
Subhash Chandra Das FCMA' FCAChief Financial Officer
A.K.M FCA, FCS
1,14E,178,041,205 196,926,074,997
3,329,652,912
1,139,460,108,558
5,388,279,735
2,312,598,135
187,750,197,605
6,863,279,257
'
I
Total OffBalance Sheet ltems including Contingent Liabilities I , I 4E, 1 78,04 I ,205 196,926,07 41997
Net Asset Value per Share (NAVPS) 159.57 t75.25
These financial statements should be read in conjunction with the annexed notes I to 48.
N
k"uoMd.CEO & Managing Director
Muhammed AsadullahDirector
Md. Ashraful MChairman
our annexed report ofeven date.
-i- p. .Ha^r-04a.S. F. Ahmed & Co.
Chanered
Date: 30 April 2018
Place: Dhaka
r
4
Signed as per
Chartered
unus
Sonali Bank Limited and its SubsidiariesConsolidated Profit and Loss Account
for the year ended 3l December 2017
Particulars Notes
Operating Income
Interest income
Interest paid on deposit and borrowing etc
Net Interest Income
Investnent income
Commission, exchange and brokerage
Other operating income
(15,140,616,967) (16,333,409,647)
2017Taka
2016Taka
2r.00
22.00
23.00
24.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
36.00
37.00
38.00
r3.05
9.08.02
27,762,561,787
(42,903,178,754)
34,006,012,795
12,587,410,820
313,418,188
31,019,525,463
(47,352,935,110)
30,995,634,979
8,496,994,421
674,927,545
\
Total Operating Income (A)
Operating Expenses
Salary and allowances
Rent, tat insutance, electricity etc.
Legal expenses
Postage, starnps and telecommunication etc.
Printings, stationery, advertisements etc.
Chief Executive's salary and fees
Directors'fees
Auditors'fees
Depreciation & repair to bank's assets
Other expenses
Total Operating Expenses (B)
Profit Before Provision, Amortization and Taxes C<A-B)
Provision for loans & advances
Provision for diminution in value of investment
0ther Provision
Total Provision @)
Total ProliU(Loss) before taxes E <C-D)
Provision for taxation (tr")
Cunent ta:t
Defened ta<
Net G<E-F)
46,906,t41,E03 40,167,556,945
31,766224,t36 23,8:14,14729t
14,380,692,364
1,030,982,468
52,296,007
72,475,437
168,067,491
9,059,719
7,901,489
3,334,834
507,553,682
3,472,746,623
14,495,098,038
982,781,329
46,629,546
70,169,579
225,529,854
7,932,942
4,808,677
3,219,603
574,285,928
3,169,1 16,030
19,705,110,114 19,579,570#26
12,061,114,722 4254,576,772
(468,E00,000)
471,449,325
2,382,224,121
14,194,348
7,977,612
937,326,240
23U,873,446 959,49t"200
9,676241277
2,515,0ffi245
472,843,343
2,042,239,902
7r161,1581032
3395,07t,572
1801,812,645
420,846,685
1,480,965,960
5
I
Sonali Bank Limited and its SubsidiariesConsolidated Profit and Loss Account
for the year ended 3l December 2017
Particulars Notes
Appropriation:
General Reserve
Reserve for CSR
Statutory Reserve
2017Taka
2016Taka
3,126,795
1,914,805,729
27,470,617
683,403,906r 5.00
Retained Surplus Carried Forward
Earnings per Share (EPS) 44.00
These financial statements should be read in conjunction with the annexed notes I to 48
Subhash Chandra Das FCMA, FCAChief Financial Officer
710,t74,s24
5243225,508 7E;2391,403
1t.68 3.90
\..
\/ )
A.K.M FCA, FCS
3 ' .c' t%*--&+S. F. Ahmed & Co.
Chartered Accountants
Date:30 April20l8Place: Dhaka
lr-'*Md. Ashraful nnoq$ul
Chairman
Md. Ullah At MasudCEO & Managing Director
aMuhammed Asadullah
Director
r Yunus & Co.Chartered
Signed as per our annexed report ofeven date
6
J+
DhI
11917,9321524
Sonali Bank Limited and its Subsidiaries
Consolidated Cash Flow Statement
for the year ended 3l December 2017
Perticulars Note20t7Taka
A. Cash flows from operating activitiesInterest receivedInterest paidDividend ReceivedFee and commission and exchange received
Recoveries of previously written-off loan & advances
Cash paid to employeesCash paid to SuppliersIncome taxes paid
Cash received from other operating activitiesCash paid for other operating activities
Cash generated from operating activities
Increase(decrease) in operating assets and liabilities
Loans & advances to customers
Other assets
Deposits from other banks
Deposits from customers
Other liabilities
2016Taka
62t3223,708 (1,751,736,390)
3940
42
4t
(38,839,1 05,1 80)
44,881,942,073
14,299,021,931
18,333,350,218
7 I
(38,208,667,239)
(46,957,529,118)
20,210,222,642
145,389,559,405
1,139,728,568
Net cash flow from operating activities
B. Cash flows from investing activities(Purchase)iSale of securities & bond
(Purchase)/sale of property, plant & equipment
Net cash flow from investing activities
C. Cash flows from financing activities
Proceed from share issue
Payments for redemption of loan capital & debt security
Dividends paid
Net cash flow from financing activities
D. Net increase/decrease in cash and cash equivalents (A+B+C)
E. Cash and cash-equivalents at beginning of the year
F. Cash and cash-equivalents at end ofthe year
46,589,631,425 t4asEs2,801q!!l$ 79,t21,577,86E
1,605,789,606
(636,542,582)
(60,2E2,067,873)
(596,009287\
969247,024 (60,t7t,077,160)
2 16243
18,t87,623,44
103,8t9,952,147
122,'777,575,589
/,Md. Ullah
CEO & Managing Director
s6,716,71t,401
122,777,575,589
43 I
These financial statements should be read in conjunction with the annexed notes I to 48
Subhash Das FCMA, FCAChief Financial Officer
A.K.M Kam
Md. Ashraful MoqChairman
Date:30 AprilPlace:Dhaka
t\
7
59,957,792,995 |
(45,396,160,352)lI,141,607,504
I
I I,818,382,626387,062,129
(14,419,031,039)(309,593,791)
(2,724,637,595)313,418,188
(4,555,616,957)
57,961,137,766(49,571 ,723,845)
984,537,9879,451,009,132
804,761,000(14,526,773,597)
(342,893,672)(2,894,954,135)
674,927,[email protected],571)
3,000,000,000
(55,383,757) (55,877
C ,Dhakat
DirectorFCA, FCS Muhammed Asadullah
[,t t t trtttt t t (r tttt t t
Sonali Bank Limited and its SubsidiariesConsolidated Statement of Changes in Equity
for the year ended 3l December 2017
Particulars Paid up CapitalShare Money
DepositStatutoryResewe
Other RescrveAsset Revaluation
Reserue
Revaluation ofInvestment
RetaincdEarnings
Total
Balance as at 0l January 2017 38J00,000,000 E2E4,E762ES 122,E10533 21,495,933277 12,222,7&355 (13J07,148,$5) 67,119211,636
Surplus/deficit on account of revaluation of I-ITM and HFT (4,797.888,940) (4,797,tt8,940)
Currency translation differences 840,346 E40J,l6
Net Profit/(Loss) for the year (after appropriation) 7,l6r,l 58,032 7,161,15t,032
Amonization of Intangible Assets/Goodwill Adjustment
3.000,000.000
(6,572,t20,68(t) (6,572,120,6t61
Procced from Share issue during the year
.A(tJustment made for CSR during the period
3,000,000,000
(8,937.328) (8837J28)
'l'ransfercd to Reserve for CSR 3,126,795 (3,126,795)
1.9r4.80s,729 (l,9 r 4,805.729)
Balance as at 3l December 2017 41J00,(n0,000 10,199,6E2,014 I 17,000,000 21,495,933271 7,424,E51,415 (14s3s203,6471 65,902263,058
l'ra-nsfl'rred to Statutory Reserve
3l December 2016
These financial statcments should be read in coniunction with the annexed notes I to 48.
A
Subhash Chandra Das FCMA'Chief Financial Officer
A.K.M FCA, FCS
Date: 30 AprilPlace: Dhaka
A Md.CEO & Managing Director
Muhammed Asadullah
Md. Ashraful MoqbulChairman
8
21,495,933,277 12,222,740355 (l3J07,r4E,8rsll Oz,lU,2tt,63638J00,000,000 8,284,t16,285 122,Er0,533
/,
Sonali Bank LimitedBalance Sheet
as at 3l December 2017
Particularc Note
PROPERTY AIYD ASSETS
Cash
Cash in Hand (Including Foreign Currencies)Balance with Bangladesh Bank and its agent Bank(s)(Including Foreign Cunencies)
Balance with other Banks & Financial Institutions
In Bangladesh
Outside Bangladesh
Money at Call on Short Notice
Investments
Government
Others
3.00
4.00
5.00
E7
6t,568,548,406 3t,820,750,116
2017Taka
2016Taka
6.00
7.00
8.00
62,555,142,558
6.013.405.848
22,564,800,000
4l l,58l,l15,124
11,637,238,819
33406,747321
142,101,113,951
35,445,142,558
3,375,607,559
3,5E6r82,000
4
33,113,961,t04
191,566,102,131
Loans and Advances
Loans, Cash Credit, Overdrafu, etc.
Bills Purchased and Discounted
Fixed Asset including Premises, Furniture andFixtureOther Assets
Non-Banking Assets
Total Assets
LIABILITIES AND CAPITALLiabilitiesBorrowing from other Banks, Financial Institutions& Agenb
Deposit and Other Accounts
Current Accounts & Other Accounts etc.
Bills Payable
Savings Bank Deposits
Fixed Deposits
Other Deposits
Other Liabilities
Total Liabilities
Shareholdersr EquityPaid up Capital
Statutory Reserve
Other Reserve
Revaluation Reserve
Surplus in Profit and Eamings
9.00
10.00
1240332,16E260
r 1.00
12.00
714241,E72 769,625,629
I 1
238,954,096,706
12,363,905,107
319,578,769,175
493,414,311,551
232,291,297,149
15,060,153,280
287,404,548,716
496,852,235,866
13.00 109,219,374243 100,&i7J55,509
1,174,244,69E,654 1,133215216,149
I
I
9
5,112,714,589
82,883,273,174
6289,949,137
73,793,502,625
4t I
420,729,885,067
I
437,987,987,654
2
375,277,891,226
41,300,000,000
10,199,682,013
I17,000,000
29,920,784,692
(14,449,997,099)
3E,300,000,000
8,284,876,285
122,810,533
33,718,673,632
(t3,051,604|,J5)
Totel Liabilities Equity
14.00
15.00
16.00
17.00
18.00
1240332,168260 l
76
Sonali Bank LimitedBalance Sheet
as at 3 I December 2017
Particulars Note
Off-Balance Sheet Items
Contingent Liabilities
Acceptances and Endorsements
Letters of Guarantee
Irrevocable Letters of Credit
Bills for Collection
Other Contingent Liabi I ities
r9.00
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 othercommitments
Subhash Das FCMA, FCAChief FinancialOfficer
A.K.M FCA, FCS
2017Taka
2016Taka
I
TotalOff Balance Sheet items including contingent liabilities I,148,178,041,205
Net Asset Value per Share (NAVPS) 160.02 175.91
These financial statements should be read in conjunction with the annexed notes I to 48
\
3 - P,H--*,tla--S.FAhmed&Co.Chartered
Date:30 April20l8Place: Dhaka
Md. Ashraful MoqbulChairman
Signed as per annexed report ofeven date
Md.CEO & Managing Director
Muhammed AsadullahDirector
Howladar Yunus
*Aa
l
r,
3,329,652,912
l, I 39,460,1 08,558
5,388,279,735
2,312,598,735
187,750,197,605
6,863,279257
l0
Chartered
Zr.w
196,926,fr74997
Sonali Bank LimitedProfit and Loss Account
for the year ended 3l December 2017
Particulars Note2017Teke
27,674,490,306
(42,899,799,505)
33,955,798,770
12,410,601,196
312,120,496
(15"225,309,199) (16342,5E0,702)
2016
31,009,947,505
(47,352,528207)
30,967,665,178
8,326,585,055
674,749,099
Operating Income
Interest income
Interest paid on deposit and borrowing etc.
Net Interest Income
Investment income
Commission, exchange and brokerage
Other operating income
Total Operating Income (A)
Operating Expenses
Salary and allowances
Rent, tax, insurance, electricity etc.
l,egal expenses
Postage, stamps and telecommunication etc.
Printings, stationery, advertisements etc.
Chief Executive's salary and fees
Directors'fees
Auditors'fees
Depreciation & repair to bank's assets
Other expenses
Total Operating Expenses @)
Profit Before Provision, Amortization and Taxes C<A-B)
Provision for loans & advances
Provision for diminution in value of investment
Other provision
Total Provision @)
Total ProliU(Loss) before taxes E{C-D)
Provision for taxation (F)
Current tax
Defened tax
Net ProfiU(Loss) G{E-F)
46,67t,520,452 39,96g,999332
31,453211253 23,626,418,630
2l.00
22.00
23.00
24.00
25.00
.
26.00
27.00
28.00
29.00
30.00
31.00
32.00
33.00
34.00
35.00
14,191,050,179
1,023,543,967
52,296,007
72,331,158
167,881,378
9,059,719
7,434,299
3,241,934
505,413,782
3,466,056,851
14,312,926,177
973,679,064
46,629,546
69,980,894
225,341,621
7,932,942
4,808,677
3,156,603
567,503,260
3,163,114,075
36.00
37.00
3E.00
13.05
9.08.02
19,49t309,164 19375,072,859
11,954,902,089 44fl$45,771
(468,800,000)
471,449,325
2,378,224,121 E34,326,240
23t0,t73446 E34326240
9,574,028,643
2,4t236t257
438,638,021
2,043,730,236
7,091,660386
3,417,019,531
1,900,t08,863
416,118,748
1,484,690,1l5
ll
t
Sonali Bank LimitedProfit and Loss Account
for the year ended 31 December 2017
Particulars Note
Appropriations
General Reserve
Statutory Reserve
Reserve for CSR
Dividend etc.
15.00
Retained Surplus Carried Forward
Eamings per Share (EPS)
Chief Financial Officer
A.K.M FCA, FCS
2017Taka
20t6Taka
1,914,805,729
3,126,795
1,917,932,524
683,403,906
21,470,617
710,874,524
5,17317271862 t05J36,144
44.00
These financial statements should be read in conjunction with the annexed notes I to 48.
Subhash Das FCMA, l'CA
18.50 3.96
Md.0t ^-tObayeil Ullah
V I,Al Masud
-i. F.,H--^u.oanS.FAhmed&Co.Chartered Accountants
Date: 30 April 201 8
Place: Dhaka
Signed as per our annexed repoft ofeven date.
CEO & Managing Director
Muhammed AsedullahDirector
Yunus & Co.
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fu*IVld. Ashrafur nao$uul
Chairman
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Sonali Bank LimitedCash Flow Statement
for the year ended 3l December 2017
Particulars Note
A. Cash flows from operating activities
Interest received
lnterest paid
Dividend Received
Fee and commission and exchange received
Recoveries of previously written-off loan & advances
Cash paid to employees
Cash paid to Suppliers
Income taxes paid
Cash received from other operating activities
Cash paid for other operating activities
Cash generated from operating activities
lncrease(decrease) in operating assets and liabilities
Loans & advances to customers
Other assets
Deposits from other banks
Deposits from customers
Other liabilities
Net cash flow from operating activities
B. Cash flows from investing activities
(Purchase/Sale of securities & bond
(Purchase)/sale of property, plant & equipment
Net cash flow from investing activities
C. Cash flows from financing activities
Proceed from share issue
Payments for redemption of loan capital & debt security
Dividends paid
Net cash flow from financing activities
D. Net increase/decrease in cash and cash equivalents (A+B+C)
E. Cash and cash-equivalents at beginning of the year
F. Cash and cash-equivalents at end ofthe year
Chief Financial Officer
2017
Taka2016Taka
57,951,559,808 I
(49,571,316,942)
956,568,1 86
9,280,599,766
804,761,000
(14,343,516,6r'i9)
(342,137,199)
(2,891,336,017)
674,749,099(4,276,874,704\
\
39
40
4l
42
;
(38,680,235,705)
44,633,345,109
14,299,021,931
18,403,825,597
8,055,488,865
(38,191 ,777 ,371\(46,762,348,792)
20,210,222,642
145,385,730,590
918,135,019
&46,711,445,797
1,479,226,309
(636,325,377)
3,000,000,000
(55,383,7
942,900,932 (60,862,134,1m)
(60,267,417,278)
(594,716,912\
(55,877266)
i
56,632,12E,611
122,558,483J0t
43 _!19Je0,6119r9
These financial statements should be read in conjunction with the annexed notes I to 48.
\
Subhash Das FCMA, FCA Md.
2,944,616,243 (55,t77266)
It,EE5,006,979
II
CEO & Managing Director
MuhammedA.K.M Kam k"*Md. Ashrafut *rooL,
Chairman
Director
Date: 30 April20lPlace: Dhaka
59,869,721,514
(45,392,781,105)
1,091,393,479
11,641,5'12,992
387,062,129
(14,228,734,924)
(308,943,742)
(2,696,072,634
312,120,496
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Di
6,133,165,639 (1r736,943,652)
I
52,E44,611,436 79,803,0181436
T t
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Sonali Bank LimitedStatement of Changes in EquitY
for the year ended 3l December 2017
Particulars Paid up CapitalShare Money
DepositStatutoryReserve
Other ReserveAsset Reveluation
Reserve
Revaluation ofInvestment
RetainedEarnings
Total
Balance as at 01 January 2017 38r00,000,000 82E4,876285 122,810,533 21,495,933,277 t2?22,740355 (13,051,604175) 67,374,756,116
Surplus/defi cit on account ofrevaluation ofHFT
(4,797,888,940\ (4,797,88E,940)
et Profit for the Year7,091,660,386 7,091,660,3E6
Procced from Share issue during the year 3,000,000,0003,000,000,000
Amortization of Intangible Assets/Goodwill
Ad
(6,572,120,687) (6,572,120,681)
ustment made for CSR during the periodAdj(8,937,328) (8,937J28)
'I'ransferred to Reserve for CSR 3.t26,795 (3,t26,795)
Transferred to Statutory Reserve 1,914,805,729 (1,914,E05,729)
Balan ce as at 3l December 2017 41300.000.000 10.199.6E2.0r4 I 17,000,000 21,495,933277 7.424,851,415 04,449.997,0991 66.0E7,469,606
Balance as at 3l December 2016 38300,000,000 E284.876rE5 122.E10.533 21.495.933277 12222.740355 (13,051,604275) 67374,756,176
These financial statements should be read in conjunction with the annexed notes I to 48
Subhash Chandra FCMA, FCAChief Financial Officer
A.K.M FCA, FCSDirector
Date: 30 April 20
Place: Dhaka
\/,Md. Al Masud
CEO & Managing Director
Muhammed
Md. Ashraful MoqbulChairman
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Sonali Bank Limited
Liquidity Statement, Asset and Liabilities Maturity Analysis
as at 3l December 2017
ParticularsUp to 0l month
maturity1-3 months maturitY
3-12 monthsmeturity
l-5 yearsmaturity
More than 5 yeersmaturity
Total
Cash in hand 87,995,987,763 87,995,987,763
Balance with other banks and financial institutions
at call on short notic€
lnvestments
r 5,720,000,000 46,983,623,907 5,719,781,94t 145,142,558 68568548,405
22,564,E00,00022,564,800,000
10,996,800,000 81,478,501,995 36,140,847,678 165,979,822,712 167,980,644,491.00 452576,616,876
and Advances
assets furniture and fixtures
Other assets
3 1,186,83 1,527 6,790,552,380 168,437,475,623 89,917,062,916 126,886,431,497 4232183s3943
I 10,884,965 221,769,931 1,663,274,479 31.3 r 0,817,946 33306,747321
22,027,051,1t4 19,430,829,843 r 5,155,590,415 r5,0t 5,209,868 70,472,432,7i l42,l0l,l 13,951
assets190,491,470,404 154.794J93,090 225,675,455588 212,720,512,533 396.6s0J26,64s r240332,168,260
LiabilitiesBonowings from Bangladesh Bank, other banks financial institutions
Other accounts
714,241,872 114,241,872
409,235,851,172 7 r,l8 t,043,613 347,198,568,423 r 18,361,183,060 rt8,334,436,271 l,064Jl I,082,539
Provision and other liabilities 90,8r7,596 100,574,35 I 7,121,728,982 70,355,635,584 31,550,617 ,730 t09219.374,243
Total L 409326,66E,76 71,2t1,617,9@ 354320,297,405 198,716,818,644 150599195,873 1,174244,698,654
(218f3s,198jq4) 83512,775,125 (128.5214,831,817) 84.003.693,E89 246.051.030,772 66,087,469,606
Current and savings depgsits do not have any contractual manuity and hence have been classified among all fivc maturities' Further, it has been assumed that on a going concern basis, these dePosits are not expected to fall
below the cunent Year's level.
,HJa"X,,kr}.fo'Subhash Chandre Das FCA
Chie I l'inancial Offi cer
A.K.MDircctor
Md.CEO & Managing Director
kMd. Ashraful uf,qurl
ChairmanDate: 30 April 2018
Place: Dhaka
toT. Oha\<at
FCA, FCS
t5
Muhemmed
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Sonali Bank LimitedNotes to the consolidated and separate financial statements
as at and for the year ended 31 December 2017
1.00 Corporate profile of the Bank and its activities
1.01 Legal status and nature of the reporting entitySonali Bank Limited, a state owned largest commercial Bank was incorporated in Bangladesh on 03 June
2007 as a public limited company under the Companies Act 1994 and govemed by the Bank Companies Act
l99l (amended 2013). Sonali Bank Limited took over the businesses, assets, liabilities, right, power,
privilege and obligation of erstwhile Sonali Bank (emerged as a Nationalized Commercial Bank in 1972),
pursuant to Bangladesh Bank Nationalization order 1972 (P.O. No. 26 of 1972) on a going concern basis
through a vendor agreement sigrred between the Ministry of Finance, People's Republic of Bangladesh on
behalf of Sonali Bank and the Board of Directors on behalf of Sonali Bank Limited on 15 November
2007 with a retrospective effect from I July 2007. The Bank has 12ll branches including two overseas
branches at Kolkata and Siliguri in India. The Bank has two 100% owned subsidiaries named Sonali
Exohange Co. Inc. (SECI), USA and Sonali Investment Limited, Dhaka. It has also two associates named as
Sonali Bank (U.K) Ltd. and Sonali Polaris FT Limited.
The registered office of Sonali Bank Limited is located at35-44 Motijheel Commercial Area, Dhaka-1000
and the website address is www.sonalibank.com.bd
1.01.01 Principal Activities of the Bank
The principal activities of the bank are to vastly involved to provide a comprehensive range of financial
services:
a) personal and commercial banking, including accepting deposits, remittance, money transfer, foreigt
exchange transaction, guarantee, commitments, trade and services, cash management, treasury, securities,
etc. to its customers.
b) Fund based services include short term & long term loans, Project wise industrial credit, discounting and
purchasing bills, consumers and staff loans, House & car loans etc.
c) The Bank also provides custodian services and perform Govemment treasury functioning as an agent ofthe Bangladesh Bank as well through its 603 branches (including 58 chest and 8 sub chest branches).
1.01.02 Islamic Banking WindowSonali Bank Limited has started banking business based on Islamic Shariah since 29 June 2010. The Islamic
Banking Windows are performing the banking activities through on-line banking through collection ofdeposit and investment assistance. The bank operates Islamic Banking window in the following five
branches designated in compliance with the rules of Islamic Shariah:
LWage Eamers Corporate Branch, Dhaka (Window transferred from Fakirapool Branch, Dhaka in 2015.)
2. Agrabad Corporate Branch, Chittagong
3. Khulna Corporate Branch, Khulna
4. Dargagate Corporate Branch, Sylhet
5. Bogra Corporate Branch, Bogra.
Separate financial statement of Islamic Banking Window has been drawn up in the report.
1.01.03 New accounting standardsThe Bank has consistently applied the accounting policies as set out in Note 2 to all periods
presented in these financial statements. The various amendments to standards, including any
consequential amendments to other standards have been considered. However, these amendments
have no material impact on the financial statements of the Bank. In December20lT,ICAB has
decided to adopt IFRS replacing BFRS effective for annual periods beginning on or after I January
2018. However, since currently issued BFRS have been adopted from IFRS without any major
modification, such changes would not have any material impact on financial statements. The
following of two standards are effective for annual periods beginning on or after 1 January 2018
and earlier application is permified. However, the Bank has not early applied the
these fi nancial statements
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(a) BX'RS 9 Financial Instruments (to be adopted as IFRS 9)
BFRS 9, published in July 2014, replaces the existing guidance in BAS 39 Financial Instruments:
Recognition and Measurement. BFRS 9 includes revised guidance on the classification and
measurement of the financial instruments, a new expected credit loss model for calculating
impairment of financial assets, and the new general hedge accounting requirements. It also calries
forward the guidance on recognition and derecognition of financial instruments from BAS 39.
BFRS 9 is effective for annual reporting periods beginning on or after 1 January 2018, with early
adoption permitted. As per the Bank's assessment, any material impact of BFRS 9 would be
primarily on calculation of impairment provision. However, as Bangladesh Bank has not issued any
circular to revise its current impairment, classification and measurement policies to align with
BFRS 9 the Bank is unable to quantiff any potential impact on its financial statements.
O) BIRS 15 Revenue from Contracts with Customers (to be adopted as IFRS 15)
BFRS 15 establishes a comprehensive framework for determining whether, how much and when
revenue is recognised. It replaces existing recognition guidance, including BAS 18 Revenue, BAS
l1 Construction Contracts and BFRI 13 Customer Loyalty Programmes. BFRS 15 is effective for
annual reporting periods beginning on or after I January 2018, with early adoption permitted.
Based on preliminary assessment the Bank has determined that BFRS 15 has no material impact on
its financial statements.
1.02 Subsidiaries of the Bank
Sonali Bank Limited has two 100% owned subsidiaries named Sonali Exchange Co.,Inc. (SECD, USA and
Sonali Investment Limited Dhaka.
1.02.01 Sonali Exchange Co. Inc. (SECI)' USA
A subsidiary company named Sonali Exchange Co. Inc. was incorporated on 4 April 1994 under the laws ofthe State of New York, Department of State, licensed on l7 October 1994 by the State of New York
Banking Department and commenced operation as an Intemational Money Remitter from 12 December
1994..7the Company is a wholly-owned subsidiary of Sonali Bank Limited, a fully state owned bank of
Bangladesh, which is also the Company's ultimate holding company. The principal activities of the
Company are to carry on the remittance business and to undertake and participate in any or all tansactions,
activities and operations commonly canied on or undertaken by remittance and exchange house.
1.02.02 Sonali Investment Limited' Dhaka
Sonali Investment Limited was registered under the Company Act 1994 as a Public Company Limited by
shares on 20 April 2010 and commenced its operation from 22 April 2010. The Company obtained
regisfiation from Securities and Exchange Commission as a merchant bank on 28 October 2010. The
Company is a wholly-owned subsidiary of Sonali Bank Limited, a fully state owned bank of Bangladesh,
which is also the Company's ultimate holding company. The principal activities of the company comprised
of merchant banking, portfolio management, issue management and underwriting and play active role in the
Capital Market of Bangladesh.
1.02.03 Accounting Policies of Subsidiaries
The Financial Statements of two subsidiaries have been prepared with consideration and measurement of all
assets, liabilities, income and expenses as well as regularised under Group accounting policies as Parent
Company follows.
BFRS ses out the conditions under which an entity qualifies as a parent undertaking which should prepaxe
consolidated financial statements for its group-the parent and its subsidiaries. In general an investor that
controls an investee entity is its parent and should account for that entity as a
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1.03 Associates
1.03.01 Sonali Bank UIC Ltd. (SB. UK. Ltd.)A money remitting company under the name and style of Sonali Trade and Finance (U.K) Limited was
incorporated as an associate under the U.K. Companies Act 1985 on 30 June 1999. Subsequently the
company was allowed to commence its function as a bank from 7 December 2001 (the operational activities
started on l0 December 2001) by the Financial Services Authority of U.K. had changed its name as Sonali
Bank (U.K) Ltd. and restructured the ownership of the Company having 5lolo share capital in favor of the
Government of the People's Republic of Bangladesh and remaining4go/o by Sonali Bank Limited.
1.03.02 Sonali Polaris FT Limited, Bangladesh
Sonali Polaris FT Limited (hereinafter referred to as the "Company'' of SPFTL) was incorporated in
Bangladesh as a private Limited company on 25 January 2012 under the Companies Act 1994. The
Company commenced its business operation on 0l February 2012.T\e principal activities of the Company
are to customize, enhance, modiff, and implement Intellect CBS 10.0 Software in Banks. The Company also
provides other services like initiation, development and implementation of computer application systems,
etc relevant to the customer and any other business undertakings. The ownership of the Company having
5l% share capital in favor of Polaris Financial Technolory Ltd., India, 39%by Sonali Bank Limited and
remaining ll%by Bangladesh Commerce Bank Ltd.
2.00 Basis of preparation and significant accounting policies
2.01 Basis of preparation
The consolidated financial statements of the Group and the financial statements of the Bank as at and for the
year ended 3l December 2017 have been prepared under the historical cost convention except investnents
and in accordance with the "First Schedule" (section 38) of the Banking Companies Act l99l (Amended
2}l3),and Bangladesh Bank (the Central Bank of Bangladesh) through BRPD Circular no. 14 dated 25 June
2003, other Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSs), the Companies
Act 1994, the Securities and Exchange Rules 1987 and other laws and rules applicable in Bangladesh. lncase any requirement of provisions and circulars issued by Bangladesh Bank differs with those of other
regulatory authorities, the provisions and circulars issued by Bangladesh Bank shall prevail.
2.02 Statement of ComplianceThe financial statements have been prepared on a going concern basis following accrual basis of accounting
in accordance with the "First Schedule (Section 38) of the Banking Companies Act l99l (amended in 2013)
and BRPD circular no. 14 dated 25 June 2003, BRPD circular no. 15 dated 9 November 2009, other
Bangladesh Bank Circulars, Bangladesh Financial Reporting Standards (BFRSs), Bangladesh Accounting
Standards (BASs), Financial Accounting Standards issued by the Accounting and Auditing Organization for
Islamic Financial Institutions, Bahrain etc. The Bank also complied with the requirement of the following
regulatory and legal authorities:
i) The Bank Companies Act, l99l (amended in 2013)
iD The Companies Act, 1994
iii) Rules, regulations and circulars issued by the Bangladesh Bank from time to time
iv) Securities and Exchange Ordinance 1969
v) Securities and Exchange Commission Act, 1993
vi) Income Tax Ordinance and Rules 1984
viD VATAct, l99lviii) Labor Act, 2006 (amended 2013)
However, the Group and the Bank has departed from some requirements of BFRSs in order to comply with
the rules and regulations of Bangladesh Bank which are disclosed below:
2.02.01Investment in shares and securities
BFRS: As per requirements of BAS 39 investments in shares and securities generally falls either under "at
fair value through profit and loss Account" or under "available for sale" where any change in the fair value
as measured in accordance with BFRS 13 ) at the year-end is taken to profit and loss Account or
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Bangladesh Bank: As per BRPD circular no. 14 dated 25 June 2003 investments in quoted shares and
unquoted shares are revalued at the year end at market price and as per book value oflast audited balance
sheet respectively. Provision should be made for any loss arising from diminution in value of investnent;
otherwise investments are recognised at cost.
2.02.02 Revaluation gainfloss on Government securities
BFRS: As per requirement of BAS 39, T-bills and T-bonds fall under the category of held for fiading" and
held to maturity" where any change in the fair value of held for trading is recognised in Profit and Loss
Account, and amortised cost method is applicable for held to maturity using an effective interest rate.
Bangladesh Bank According to Department of Offsite Supervision (DOS) of Bangladesh Bank Circular
no. 5 dated 26 May 2008 and subsequent clarification in DOS Circular no. 5 dated 28 January 2009 ofBangladesh Bank, loss on revaluation of Government securities (Treasury Bill (T-billy Treasury Bond (T-
bond)) which are categorised as held for trading should be charged through Statement of Comprehensive
Income (Profit and Loss Account), but any gain on such revaluation should be recorded under Revaluation
Reserve Account. However, at the year-end if there is any revaluation gain for any particular held for
trading T-bills/T-bonds; such gain can be used to the extent of any revaluation loss for that particular held
for trading T-bills/T-bonds. T-bills designated as held to maturity are measured at amortized cost method but
interest income / gain should be recogtized through reserve.
2.02.03 Provision on loans and advances/investments
BFRS: As per BAS 39 an entity should start the impairment assessment by considering whether objective
evidence of impairment exists for financial assets that are individually sigrificant. For financial assets which
are not individually significant, the assessment can be performed on an individual or collective (portfolio)
basis.
Bangladesh Bank: As per BRPD Circular No. 14 (23 September 2012), BRPD circular No.19 (27
December 2Ol2), BRPD circular No.05 (29 Illay 2013), BRPD Circular No. 8 (02 August 2015) and BRPD
Circular No. 0l (20 February 2018)a general provision at 0.25o/o to 5o/o under different categories ofunclassified loans (good/standard loans) has to be maintained regardless of objective evidence ofimpairment. Alsb provision for sub-standard loans, doubtful loans and bad losses has to be provided at20%o,
50% and 100% respectively for loans and advances depending on the duration of overdue. Again as per
BRPD circular no.l0 dated 18 September 2007 and BRPD circular no. 14 dated 23 September 2012, a
general provision at lYo is required to be provided for all off-balance sheet exposures. Such provision
policies are not specifically in line with those prescribed by BAS 39.
2.02.04 Recognition of interest in interest suspense account
BFRS: Loans and advances to customers are generally classified as 'loans and receivables' as per BAS 39
and interest income is recognized through effective interest rate method over the term of the loan. Once a
loan is impaired, interest income is recognized in profit and loss account on the same basis based on revised
carrying amount.
Bangladesh Bank: As per BRPD circular no. 14 dated 23 September 2012, once a loan is classified,
interest on such loans are not allowed to be recognized as income, rather the corresponding arnount needs to
be credited to interest suspense account, which is presented as liability in the balance sheet.
2.02.05 Other comprehensive income
BFRS: As per BAS l, Other Comprehensive Income (OCI) is a component of financial statements or the
elements of Other Comprehensive Income (OCI) are to be included in a Single Comprehensive Income
(SCI) Statement.
Bangladesh Bank: Bangladesh Bank has issued templates for financial statements which will sfictly be
followed by all banks. The templates of financial statements issued by Bangladesh Bank do not include
Other Comprehensive Income; and the elements of Other Comprehensive Income are also not allowed to be
included in a Single Comprehensive Income (SCI) Statement. As such the company the
Other Income statement. However elements of SCI, if any, are shown
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2.02.06
2.02.07
Financial instruments - presentation and disclosure
In several cases Bangladesh Bank guidelines categories, recognize, measure and present financial
instruments differently from those prescribed in BAS 39. As such full disclosure and presentation
requirements of BFRS 7 and BAS 32 cannot be made in the financial statements.
REPO TransactionsBFRS: When an entity sells a financial assets and simultaneously enters into an agreement to repurchase the
asset (or a similar asset) at a fixed price on a future date (REPO or stock lending), the arrangement is
accounted for as a deposig and the underlying asset continues to be recognized in the entity's financial
statements. This transaction will be treated as loan and the difference between selling price and repurchase
price will be treated as interest expenses.
Bangladesh Bank : As per BRPD guidelines, when a bank sells a financial asset and simultaneously enters
into an agreement to repurchase the assets (or a similar asset) at a fixed price on a future date (REPO or
stock lending), the arrangement is accounted for as a normal sales transactions and the financial assets are
derecognized in the seller's book and recognized in the buyer's book.
2.02.08 Financial guarantees
BFRS: As per BAS 39, financial guarantees are contracts that require an entity to make specified payments
to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in
accordance with the terms of a debt instrument. Financial guarantee liabilities are recogtized initially at
their fair value, and the initial fair value is amortized over the life of the financial guaxantee. The financial
guarantee liability is subsequently canied at the higher of this amortized amount and the present value ofany expected payment when a payment under the guarantee has become probable. Financial guarantees are
included within other liabilities.
Bangladesh Bank: As per BRPD 14, financial guarantees such as letter of credit, letter of guarantee will be
ffeated as off-balance sheet items. No liability is recogrized for the guarantee except the cash margin.
2.02.09 Cash and cash equivalentsBFRS: Cash and cash equivalents items should be reported as cash item as per BAS 7.
Bangladesh Bank Some cash and cash equivalent items such as 'money at call and on short notice',
Treasury bills, Prize bond are not shown as cash and cash equivalent. Money at call and on short notice is
shown as face item in balance sheet, and Treasury bills, Prize bonds are shown in Investment.
2.02.10 Non-banking assets
BFRS: No indication of non banking assets is found in any BFRS.
Bangladesh Bank: As per BRPD Circular No. 14 dated25 June 2003, there must exist a face item named
Non-banking asset.
2.02,11 Cash flow statement
BFRS: Cash flow statement can be prepared either in direct method or in indirect method. The presentation
is selected to present these cash flows in a manner that is most appropriate for the business or industry. The
method selected is applied consistently.
Bangladesh Bank: As per BRPD Circular No. 14 dated 25 June 2003, cash flow is a mixture of direct and
indirect methods.
2.02.12 Balance with Bangladesh Bank (CRR)
BFRS: Balance with Bangladesh Bank should be treated as other assets as it is not available for use in day
to day operations as per BAS 7.
Bangladesh Bank: Balance with Bangladesh Bank is treated as cash and cash equivalents.
2.02,13 Presentation of intangible asset
BFRS: An intangible asset must be identified and recogrized, and the disclosure must be given as per BAS
38.
Bar There is no regulation for intangible assets in BRPD Circular No. I
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20
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2,02.14 Off balance sheet items
BFRS: There is no concept of off balance sheet items in any BFRS; hence there is no requirement ofdisclosure of offbalance sheet.
Bangladesh Bank: As per BRJD Circular No. 14 dated June 25,2003, offbalance sheet items (e.g. Letter
of credit, Letter of guarantee etc.) must be disclosed separately on the face of the balance sheet.
2.02.15 Loans and advance net of provision
BFRS: Loans and advances should be presented net ofprovisions.
Bangladesh Bank: As per BRPD 14, provision on loans and advances are presented separately as liability
and cannot be netted offagainst loans and advances.
2.03 Basis of measurement
The financial statements of the Bank have been prepared on the historical cost basis except for the
following material items:
a) Govemment Treasury Bills and Bonds designated as 'Held for Trading (HFq' at present value using mark
to market concept with gain crediting to revaluation reserve.
b) Government Treasury Bills and Bonds designated as 'Held to Maturity (HTM) and Re-measured
Government Treasury Bond at present value using amortization concept.
c) Investment in shares of listed companies.
d) Land and Buildings is recognized at the time of acquisition and subsequently measures at fah value as
per BAS 16 (Property, Plant and Equipment).
The accounting policies unless otherwise stated , have been consistently applied by the bank and are
consistent with those of the previous year.
2.04 Basis of consolidation
A separate set of records for consolidation of the statement of affairs and income and expenditure of the
branches are maintained at the Head Offrce of the Bank based on which these financial statements have
been prepared.
The consolidated financial statements comprise of the financial statements of Sonali Bank Limited,
including overseas branches Kolkata and Siliguri, Subsidiaries-sonali Investment Limited and Sonali
Exchange Co. Inc. (SECI), USA as well as associates Sonali Bank (U.K) Ltd. and Sonali Polaris FT Ltd. as
at 3l December2017.
2.04.01 Subsidiaries
Subsidiaries are entities controlled by the group. In compliance with BFRS l0 "Consolidated Financial
Statements", the financial statements of subsidiaries are included in the Consolidated Financial Statements
from the date that control commences until the date the control ceases.
2.04.02 Associates
In compliance with the requirement of BAS 28 "Investment in Associates", the accounting ffeatment
regarding investrnent in associates have been addressed.
Conversion policyThe conversion policy of Sonali Exchange Co. Inc. and Sonali Bank UK Ltd. is as follows:
Particulars Currency conversion rate SECI SB.UIC Ltd.
For assets & Liabilities Closing rate USD tO BDT GBP to BDT
For income & Expenses Average rate USD to BDT GBP to BDT
2.04.03 Transactions eliminated on consolidation
Intra-group balances and transactions and any unrealized income and expenses arising from intra-group
transactions are eliminated in preparing the Consolidated Financial Statements. Unrealized gains arising
from transactions with equity accounted investees are eliminated against the investnent to the extent of the
group's interest in the investee. Unrealized losses are eliminated in the same way as
is no evidence of impairment.
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2.05 Use of estimates and judgments
The preparation of the consolidated financial statements of the Group and the financial statements of the
Bank in conformity with Bangladesh Bank Circulars and BFRSs requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the reported amount ofassets, liabilities, income and expenses. Actual result may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognized in the period in which the estimate is revised and in any future period affected.
Information about significant areas of estimation uncertainty and critical judgments in applying accounting
policies that have the most significant effect on the amounts recognized in the consolidated financial
statements.
2.06 Changes in accounting estimate and errorsThe effect of a change in an accounting estimate shall be recognized prospectively by including it in profit
or loss in:
(a) the period of the change, if the change affects thatperiod only; or
(b) the period of the change and future periods, if the change affects both. To the extent that a change in an
accounting estimate gives rise to changes in assets and liabilities, or relates to an item of equity, it shall be
recogrrized by adjusting the carrying amount of the related asset, liability or equity item in the period of the
change. Material prior period errors shall be rehospectively corrected in the first financial statements
authorized for issue after their discovery by:
(i) restating the comparative amounts for the prior period(s) presented in which it is required to make proper
comparison; or(ii) if the error occurred before the earliest prior period presented, restating the opening balances ofassets,
liabilities and equity for the earliest prior period presented.
2.07 Books of accountThe Company maintains its books of account for main business in electronic form through soft automation.
The accounts of Sonali Bank are generally kept on the double enfiy system the day booh the general
ledger, the cash book, the current account ledger, the deposit account ledger, the bill books etc.
2.08 Foreign currency transactions2.08.01 Functional and presentational currency
Financial statements of the Bank are presented in Taka, which is the Bank's functional and presentational
currency.
2.08.02 Foreign currency transactionsForeign curency transactions are converted into equivalent Taka currency at the ruling exchange rates on
the respective dates of such transactions as per BAS 2l "The effects of Changes in Foreign Exchange
Assets and liabilities in foreign currencies at 31 December 2017 have been converted into Taka currency at
the average of the prevailing buying and selling rates of the relevant foreigr currencies at that date except
Balances with other Banks and Financial Institutions which have been converted as per directives ofBangladesh Bank vide its circular no. BRPD(R)71712004-959 dated 21 Novembet2004.
2.08.03 CommitmentCommitments for outstanding forward foreign exchange contracts disclosed in these financial statements
are translated at contracted rates. Contingent liabilities/commifinents for letter of credit, letter of guarantee
and acceptance denominated in foreign currencies are expressed in Taka terms at the rates of exchange
ruling on the date of balance sheet.
2.08.04 Foreign operationThe assets & liabilities of foreign operations are translated to Bangladeshi Taka at exchange rate prevailing
at the statement of financial position (balance sheet) date. The income & expenses of foreigr operations
are translated at average rate of exchange for the year. Foreign culrency differences are recogtized and
presented in the foreign currency translation reserve in equity. When a foreign operation is disposed of such
that control, the cumulative amount in the translation reserve related to that foreign operation is reclassified
to profit or loss as part of the gain or loss on disposal. When the Group disposes as the
interest in a that includes a foreign operation while retaining control, the
reactivated to non-controlling interest.
i
I
I
:
the
22
its
2.08.05 Translation gain and losses
Gains or losses arising out of translation of foreign exchange have been included in the Profit and Loss
Accounts and in Balance Sheet.
2.09 Materiality, aggregation and offsetting
The Bank presents separately each material class of similar items and presents separately items of adissimilar nature or function unless those are immaterial. The Bank did not offset assets and liabilities or
income and expense, unless required or permitted by BFRS.
2.10 Cash Flow Statement
Cash Flow Statement is prepared principally in accordance as per the guidelines of BRPD Circular no.l4
dated 25 June 2003 and Bangladesh Accounting Standard-7 "Cash flow Statement". The Cash Flow
Statement shows the structure of and changes in cash and cash equivalents during the year. Cash Flows
during the year have been classified as operating activities, investing activities and financing activities.
2.11 Statement of Changes in Equity
The statement of changes in equity reflects information about increase or decrease in net assets or wealth.
Statement of changes in equity has been prepared in accordance with Bangladesh Accounting Standards
BAS I "Presentation of Financial Statements" and relevant guidelines of Bangladesh Bank.
2.12 Branch AccountingThe Bank has 12 I I branches including two overseas branches as on 3 I December 20 17. Accounts of the
branches are maintained at the branch level and for consolidation a separate set of records of the statement
of affairs and income and expenditure of the branches are compiled at the Head Office of the Bank based on
which these financial statements have been prepared.
2.13 Liquidity statement (Asset and Liability Maturity Analysis)
The liquidity statement has been prepared in accordance with remaining maturity grouping of Assets and
Liabilities as of the close of the year as per following bases;
Particulars Basis
Balance with other banks and financial institutions Maturity term;
Investments Residual maturity term
Loans and advances Repaym ent/Jvlaturity schedule
Fixed assets Useful lives
Other assets Adjustment
Borrowings from other banks and financial institutions Repayment/Ivlaturity schedul e
Deposits and other accounts Maturity term and Behavioral past trend
Other long term liability Maturity term;
Provisions and other liabilities Settlement
2.14 Events after the Reporting PeriodEvents after the reporting period that provide additional information about the company's position at the
balance Sheet date are reflected in the financial statements in Note no. 48 as per Bangladesh Accounting
Standards BAS l0 "Events after the Reporting Period".
2.15 Going ConcernThe accompanying financial statements have been prepared on a going concern basis, which contemplates
the realization of assets and the satisfaction of liabilities in the normal course of business. The
accompanying financial statements do not include any adjustments should the bank be unable to continue as
a going concem.
2.16 Assets and the basis of their valuationThe have been applied consistently to all periods presented in this
statements the bank and have been applied consistently by the group entities
i
in Note 2.
23
I
!
2.16.01 Cash and cash equivalentsCash and cash equivalents include notes and coins on hand, unrestricted balances held with 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 as well as prize bond.
2.16.02 Investments
All investments are initially recognized at cost, including acquisition charges associated with the investment.
Premiums are amortized and discount accredited, using the effective or historical yield method. Accounting
treatment of govemment treasury bills and bonds (categorized as HFT or/and HTiO is made followingBangladesh Bank DOS circular letter no. 5 dated 26 May 2008 and as amended on 28 January 2009 and
DOS Circular letter no. dated 19 January 2012.
2.16.02.01 Held to Maturity (HTIvt)Investnents (financial instruments) which have fixed or determinable maturity date and the bank has no
intention to sell before their maturity date irrespective of changes in market prices or the bank's financial
position or performance are grouped as held to maturity. Govemment Treasury Bills, Government Treasury
Bonds and other securities approved for statutory liquidity reserves have been classified as held to maturity
financial asset. These are measured at amortized cost at each year end by taking into account any discount orpremium in acquisition. Any increase or decrease in value of such investments is booked to equity.
2.16.02.02 Held for Trading (HFT)The securities under this category are the securities acquired by the bank with the intention to trade by
taking advantages of short term price/interest movement, and the securities those are classified as IIFT by
the Bank held in excess of SLR (net of CRR) at a minimum level. Investments classified in this category are
principally for the purpose of selling or repurchasing on short trading or if designated as such by the
management. In this category, investments are measured in fair value and any change in the fair value i.e.
profit or loss on sale of securities in HFT category is recognized in the Profit and Loss Account.
Value of investments is stated as per the following bases:
ParticularsValuationMethod
Government Securities:Govemment Treasury Bills Present Value
Prize Bonds Cost Price
Bangladesh Bank Bills Cost price
Special Treasury Bonds Present Value
Reverse Repo Cost Price
Debentures of Govt. Corporations Cost price
Other Investments (Quoted Shares) Market Price
Other Investments ( Other than Quoted Shares) Cost Price
2.16.02.03 REPO and Reverse REPO
Since I September 2010 transactions of REPO and Reverse REPO are recorded based on DOS CircularNo.
6, dated 15 July 2010 of Bangladesh Bank. In case of REPO of both coupon and non-coupon bearing
(Treasury bill) security, Sonali Bank Limited adjusted the Revaluation Reserve Account for HFT securities
and stopped the weekly revaluation (if the revaluation date falls within the REPO period) of the same
security. For interest bearing security, SBL stopped the accrual of interest during REPO period.
2.16.02.04Investment in Quoted and unquoted securities
Investments in equity instmments/shares that are not quoted in active market are not measured at fair value
due to absence of information required to measure in fair value reliably; so these are presented at.
equlty that are quoted in active market
t,.'
di
unquoted
ft
in annexure - F
24
are measured at fair value. Details of,
2.16.02.05 Derivative InvestmentsDerivatives are financial instruments that derive their value in response to changes in interest rates, financial
instrument prices, commodity prices, foreign exchange rates, credit risk and indices.
Derivatives are categorised as ffading unless they are designated as hedging instruments.
All derivatives are initially recognized and subsequently measured at fair Value, with all revaluation gains
recognised in the Income Statement ( except where cash flow or net investment hedging has been achieved,
in which case the effective portion of changes in fair value is recognized within other comprehensive
income).
As a derivative product the bank used SWAP in20l7.2.16.02.06 Revaluation of investment
As per the DOS (BB) Circular letter no. 05 dated 26May 2008 & subsequent amended circular no. 05 dated
28 January 2009, HFT (Held for Trading) securities are revalued on weekly basis and HTM (Held toMaturity) securities are amortized on yearly basis. The HTM securities are also revalued if they are
reclassified to HFT category with the Board's approval. Any gain or loss on revaluation of HTM securities
is recognized in the statement of changes in equity. Gain/(Loss) on revaluation of IIFT securities is
recognized in the profit and loss account on weekly basis and gain on revaluation is transferred to statement
of changes in equity on monthly basis.
Investment class Initial RecognitionMeasurement afterinitial recognition
Recording ofchanges
Gor4. T-bills/bond (HFT) Cost Face valueLoss to P & L, gain to Revaluation
ReservethroughP&L
Gor4. T-bills/bond (HTM) Cost Amortized costIncrease or decrease in value to
equity
Debenture/Bond Face value Face value None
Investment in listed
securitiesCost Fair value
Loss to P & L, gain toRevaluation Reserve
Prize bond Cost Cost None
2.16.02.07 Investments in subsidiaryInvestment in subsidiaries is accounted for under the cost method of accounting in the Banks financial
statements in accordance with Bangladesh Accounting Standard (BAS) 27. Accordingly, investrnents in
subsidiaries are stated in the Banks balance sheet at cost, less impairment losses if any.
2.16.02.08 Statutory and Non-statutory Investment
Statutory InvestmentsAmount which is invested for maintaining statutory liquidity ratio according to MPD circular no. 02 dated
l0 December 2Ol3 and DOS circular no. 01, dated 19 January 2014 of Bangladesh Bank is treated as
statutory investment, these includes treasury bill, treasury bond, other govt. securities etc. Details ofstatutory investment have been given in note -6.03.01
Non- Statutory Investments
All investment except statutory investment is treated as non -statutory investment such as debentures
corporate bond , ordinary share (quoted and unquoted), preference share etc. Details of non-statutory
investrnent have been given in note-6.03.02
2.16.02,09 Investments in associates
Investment in associates is accounted for in the books of financial statements of the Banlq in accordance
with the Bangladesh Accounting Standard (BAS) 28 'Investments in Associates'.
2.16.02.10 Investment and related income(a) Income on investments other than shares is accounted for on accrual basis concept; and
investment in shares is accounted for in the year when right has
:
qU)
(b) Dividend
25
2.16.03 Loans and advances and its provisions
Loans and advances are stated at gross amount. General Provisions on unclassified loans and OflBalance
Sheet Items, specific provisions for classified loans and interest suspense account thereon are shown under
other liabilities. Provision is made on the basis of quarter end against classified loans and advances review
by the management and instruction contained in BRPD Circular no. 14 dated 23 September 2012 BRPD
circular no. 19 datell2T December 2012, BRPD circular no.05 dated 29 May 2013' BRPD circular no.
08 dated 02 August 2015 and BRPD circular no. 01 dated 20 February 2018.
2.16.03.01 Interest on loans and advances
i) Interest is calculated on unclassified loans and advances and recognized as income during the year;
ii) Interest calculated on classified loans and advances as per Bangladesh Bank Circulars is kept in interest
suspense account and credited to income on realization;
iii) lnterest is calculated on daily product basis but debited to the party's loan account quarterly. No interest
is charged on loans and advances which are classified as bad and loss;
iv) Total balance of loans and advances as on 3l December20lT includes bad/loss loan Taka 121,308.90
million on which the Bank did not accrue any interest because of deterioration of quality of loans and
advances determined by the management and on the basis of instructions contained in Bangladesh Bank
Circulars as mentioned in Note 2.16.03 of this financial statements; and
v) Interest suspense and penal interest, if any, calculated on classified loans and advances are taken into
income in the year of its receipt from the defaulting borrowers.
2.16.03,02 Provision for loans and advances
Provision for loans and advances are made on quarter basis as well as year-end review by management
following instructions contained in BRPD Circulars issued by Bangladesh Bank. General Provision on
unclassified loans and advances and specific provision on classified loans & advances are given below:
Rate of
*In line with BRPD Circular no. 04, dated2g January 2015, provision for restructured loan is calculated @
2%.
2.f6.03.03 Presentation of loans and advances
Loans and advances are shown at gross amount as assets while interest suspense and loan loss provision
against classified advances are shown as liabilities in the statement of financial position.
2.16.03.04 Write off loans and advances
Loans and advances/investments are written off as per guidelines of Bangladesh Bank. These written
off however will not undermine/affect the claim amount against the borrower. Detailed memorandum
records for all such written off accounts are meticulously maintained and followed up.
2.16.03.05 Securities against Loan
Project loan: Land and building are taken as security in the form of mortgage and plant & machinery are
taken in the form of hypothecation.
Working capital and trading loan: Goods are taken as security in the form of pledge and also goods are
taken as security in the form of hypothecation along with land and building as mortgage (value not less than
1.50 times covering the loan amount) in the form of collateral security.
Ilouse building loan: Land and building are taken as security in the form of mortgage.
Overdraft: FDRs are taken in pledge. The balance in DPS/JBSPS/SDPS A/C's is taken in
Public sector loan: In most cases Govt. Guarantee is taken and no
loans in agriculture sector
\,:;
,
'.4
Consumer Financing
SMEFLoan to BIIs/
MBs/ SDs
Auothercredit
OtherThanHF&
I,P
HF LPParticulars
Shortterm agri-
credit
t%2o/o 0.25% 2o/oStandard 1.00o/o 5% t%2o/o *lo/olo/o 2o/o 0.25o/o
UnclassifiedSMA 0% 5%
20% 20% 20o/o5% 20o/o 20o/o 20%SS
50o/o 50o/o 50o/o 50%DF 5o/o 50o/o 50%l00o/ol00o/o 100% 100% l00o/oBL l00o/o l00o/o
Classified
govemment
26
2.16.04 Bills Purchased and Discounted
a) Bills purchased and discounted do not include Govemment Treasury bills and have been classified into two
sub-heads vizi) Payable outside Bangladesh,
ii) Payable in Bangladesh and
b) The bills purchased and discounted have been analyzed in the form/tenns as per the maturity grouping.
2.16.05 Property, Plant and Equity
2.16.05.01 Recognition and Measurement
All Property, plant and equipment are classified and grouped on the basis of their nature as required in BAS
I "Presentation of Financial Statements". The major categories of Property, plant and equipment held by the
bank are properly (Premises & Buildings), Library Book, Furniture and fixtures, Electrical Installations,
Typewriters and Calculating machines, Computer/Software, Motor Car and other vehicles. As per Para 3l of
BAS 16 after recognition as 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.
All Fixed Assets are stated at cost less accumulated depreciation as per BAS 16 "Property, Plant &Equipment". The Cost of acquisition of an asset comprises its purchase price and any directly attributable
cost of bringing the assets to its working condition for its intended use inclusive of inward freight, duties
and non-refundable taxes.
The bank recognizes in the carrying amount of an item of property plant and equipmenfs the cost ofreplacing part of such an item when that cost is incurred if it is probable that the future economic benefits
embodied with the item will flow to the bank and the cost of the item can be measured reliably. Expenditure
incurred after the assets have been put into operation, such as repairs and maintenance is normally charged
offas revenue expenditure in the period in which it is incuned.
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 of BAS 16. Repairs and Maintenance
expenses that does not increase in the future economic benefit of assets is charged to profit & loss account.
2.16.05.02 DepreciationAs required of BAS 16 "Properly Plant and Equipment" depreciation has been charged at the following rates
on reducing balance method on all fixed assets other than motor vehicles and computer software which are
depreciated on straight line basis and no depreciation on land is charged.
I!r
Rate ofdepreciationCategory offixed assets
0o/oLand2.50o/oBuilding
7o/oLibraryl0o/oand Fixtures20%Installation20%Typewriters and Calculating machines
MSoftware/(qrd%rr\Motor Car and o$4
Depreciation on newly acquired assets is charged from the date of take it in use and no depreciation is
charged on assets for the period which are taken in use after 20th December of the year. In case of assets
disposed of, depreciation is charged up to the date of disposal of such assets. During the year ovemeall
branches shown Taka 3,230,343.00 as depreciation on fixed assets and certified by the local independent
auditors.
2.16.05.03 Disposal of fixed assets
On the disposal of fixed assets, the cost and accumulated depreciation are eliminated from the fxed assets
schedule and gains or losses on such disposal are reflected in the statement of comprehensive income (profit
and loss account) as per provision of BAS l6 "Property, Plant and Equipment".
2.16.05.04 RevaluationThe fixed assets of the Bank have been revalued three times. In the year of 2007, following the instruction
of vendor's agreement signed between Sonali Bank Ltd. and Ministry of Finance, revaluation of all assets
had been done and total value enhanced by Taka 8,833.82 million. Subsequently, in 201I revalued by Taka
12,026.80 million and lastly in the year 2013 by Taka 9,469.13 million. No revaluation has been made
during the year 2017 .
2.16.05.05 ImpairmentThe carrying amount of the assets should be reduced to its recoverable amount when carrying amount of an
asset is exceeding the recoverable amount of that asset. That reduction is an impairment loss hence
recognized as expenses in the statement of comprehensive income (profit and loss account).
2.16.06 Other Assets
Other assets comprise investment in subsidiaries (Sonali Exchange Co. Inc. (SECD, USA and Sonali
Investment Limited), Prepaid Expenses, Branch adjustrnent, fees and unrealised income receivable, advance
for operating and capital expenditure and stocks of stationery and stamp. Details are shown in Note-9. and
others as per Bangladesh Bank Circulars. Receivables are recogrized when there is a contractual right to
receive cash or another financial asset from another entity.
2.16.06.0f Chssification of other assets
Other assets have been classified as per BRPD Circular no. 14 dated 25 June 2001 of Bangladesh Bank and
for items not covered under the circular, classification have been made considering their realizp ability.
2.16,06.02 Written offof other assets
Other assets having no realistic prospect of recovery have been written off against full provision without
reducing the claimed amount of the Bank. Notional balances against other assets written offhave been kept
to maintain the detailed memorandum records for such accounts/assets.
2.16.07 Intangibles assets
An intangible asset is recognized only when its cost can be measured reliably and it is probable that the
expected future economic benefits that are attributable to it will flow to the Bank. Intangible assets acquired
separately are measured on initial recogrrition at cost. The cost of intangible assets acquired in a business
combination is their fair value as at the date of acquisition. Following initial recogrition, intangible assets
are carried at cost less any accumulated amortization and any accumulated impairment losses. The useful
lives of intangible assets are assessed to be either finite or indefinite.
Intangible assets with finite lives are amortized over the useful economic life. The amortization period and
the amortization method for an intangible asset with a finite useful life are reviewed at least at each financialyear end. Changes in the expected useful life or the expected pattem of consumption of future economic
benefits embodied in the asset are accounted for by changing the amortization period or method, as
appropriate, and they are treated as changes in accounting estimates. The amortization expense on intangible
assets with finite lives is presented as a separate line item in the statement of comprehensive income (profit
and loss account). Amortization is calculated using the straight-line method to write down the cost ofintangible assets to their residual values over their estimated useful lives. Intangible assets-valuation
adjustment has been addressed inline with regulatory decision.
2.16.0E Non-banking assets
Non-banking assets includes the assets acquired against the bad debt loans to adjust the loan.
for loan during the period of financial statements.
Yu
I]
4(,
assets acquired
28'RYT3,
:l
2.17 Liabilities and Provision
2.17.01Borrowing from other banks, financial institutions and agents
Borrowings from other banks, financial institutions and agents include bonowing from Bangladesh Banhinside and outside of Bangladesh. These items are brought to financial statements at the gross value of the
outstanding balance. Details are shown in Note I l.2.17.02 Deposits and Other Accounts
Deposits and other accounts include non-interest-bearing current deposit redeemable at call, interest bearing
on demand and short-term deposits, savings deposit and fixed deposit. These items are brought to account at
the gross value of the outstanding balances. Deposits and other accounts include bills payable have been
analyzed in terms of the maturity grouping showing separately other deposits and inter-bank deposits.
Details are shown in Note 12.
2,17.03 Other liabilitiesOther liabilities comprise items such as provision for loans and advances/investrnents/other assets, taxation,
superannuation fund, gratuity fund and off balance sheet exposure and also includes interest payable,
interest suspense, accrued expenses etc. Other liabilities are recogltized in the balance sheet according to the
guidelines of Bangladesh Bank, Income Tax Ordinance, 1984, BAS 37 and internal policy of the Bank.
Details are shown in Note 13.
2.17.04 TaxationIncome tax represents the sum of the current tax a1d deferred tax payable. Income tax assessment has been
finalized up to 1997 as well as the year 1999. Case pending for the year 1998 and 2000 to2014.
2.17,04.01Current taxThe current tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported
in the Profit and Loss Account because it excludes items of income or expense that are to<able ordeductible. The Bank's liability for current tax is calculated using tax rates that have been enacted or
substantively enacted by the date of Balance Sheet.
Provision for current income tax has been made as per Income Tax Ordinance 1984.
2.17.04.02 Deferred taxDeferred tax is calculated on the taxable/deductible temporary differences between tax base and carrying value ofassets and liabilities as required by Bangladesh Accounting Standards BAS-12: 'lncome Taxes'. Deferred ta,x is
not recognised for the following temporary differences:. on the initial recogrition of assets or liabilities in a fransaction that is not a business combination and at the time
oftransactions, affects neither accounting nor taxable profit or loss; and. arising on the initial recogrrition of goodwill.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset cunent ta:< liabilitiesagainst current tax assets, and they relate to income taxes levied by the same ta:< authority on the same ta,xable
entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or theirtax assets and liabilities will be realized simultaneously. Deferred tax is computed at the prevailing ta:( rate as per
Finance Act20l7.A defened ta:( asset is recognized for deductible temporary differences to the extent that it is probable that future
ta€ble profits will be available against which they can be utilized. Deferred tal( assets are reviewed at each
reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be
realized.
2.17.05 Employee benefit schemes
Accounting recognition & measurement, as well as the disclosures requirements for different benefit
schemes for employees are the following:
2.17.05.0f Employees General Provident FundEmployees General Provident fund is operated from 13 September l98l under which the concerned
employees are required to contribute at least l0% and highest 25o/o (on declaration) of their basic
no matching contribution by the bank. This Fund relates to the employees who are availing
Benefit (PDCRB) Scheme.
29
2.17,05.02 Contributory Provident Fund
The bank operated a Provident Fund named as Contributory Provident Fund into which the bank contibuted
l0% of the basic salary of its eligible employees while the employees contributed an equal amount to the
fund. This fund is operated by trustees. Employees enjoying contributory provident fund facilities are
entitled gatuity for 2 months last basic pay drawn for each completed year of service subject to completion
of minimum l0 years of service. The scheme is operated on cash basis.
2.17.05.03 Pension and Death-Cum-Retirement Benefit (PDCRB) Scheme
The bank operated a Pension Fund named as Pension and Death-Cum-Retirement Benefit (PDCRB) Scheme
for the employees of General Provident Fund into which the bank contributes 25Yo of the basic salary (Each
year of June) of its eligible employees. Payments out of this fund are made to the employees on their
separation from bank's service.
2.17.05.04 GratuityThe Bank introduced the Gratuity scheme for the member of the Employees of Conhibutory Provident Frurd
into which the Bank contributes l0% of the basic salary (Each year of June) of its eligible employees.
Payments out of this scheme are made to the members on their separation from bank's service.
2.17.05.05 Investment of the Pension/Gratuity Funds
The balance of Pension/Gratuity funds are partly invested in approved securities with a view to increasing
the Fund and remaining balance being utilized by the bank towards payment of retirement benefits to the
employees.
2.17.05.06 Administration of the Fund
The Provident Fund, Pension Fund and Gratuity are being administered by two administative committees
each of which consists of 9 (nine) members representing Chairman, 5 (five) members from Board ofDirectors, Managing Director and CEO, I (one) member from officers and another from members of the
staff
2.17.05.07 Benevolent FundThis fund is mainly created for sanctioning scholarship to the meritorious students among the children of the
Bank employees. The distressed employees and family member of deceased employees are also helped from
this Fund.
2.17.05.08 Leave encashment
The Oflicer/Staff who has opted for Pension and General Provident Fund, will be entitled to leave
encashment facilities up to twelve months at the time of retirement as per letter No. MF/FD/Reg-
2lleavel6l84/9 dated 2l January 1985 of Finance Division, Ministry of Finance, Govemment ofBangladesh. But if a staff (not officer) has enjoyed /will enjoy leave encashment facilities before
retirement, he will be provided with the rest amount after deduction of the amount enjoyed earlier, as per
letter No. MF/B & llBanktngl2ll/80/l0l dated 3l May 1980 of previous Banking & Investnent Division,
Ministry of Finance, and Government of Bangladesh. The leave encashment benefit is paid to the
incumbent debiting'Expenditure A/C Leave Encashment Code no. 1217'. No additional fund is required
during the year.
2.17.05.09 Death relief grant scheme
The Bank operates a death relief scheme since I January 1991, which replaced the previous group
insurance scheme. The scheme is applicable to all employees of the bank and payments out of this fund are
made to the successors of the employees on their death as per rate prescribed in the scheme.
2.17.M Provision for Loans and Advances
Loans and advances are stated at gross amount. General provisions on unclassified loans and contingent
assets, specific provisions for classified loans and interest suspense account thereon are shown under other
liabilities. provision against classified loans and advances is made on the basis of quarter and review by the
management and instructions contained in BRPD Circular no. 14 dated23 September 2012,
no. 19 dated 27 December 2012, BRPD circular no. 05 dated 29 }lday 2013, BRPD
no. I dated 20 February 2018.August 2015
30
2.17.07 Provision for other assets
As per BRPD circular no. 14 dated 25 June 200 I of Bangladesh Bank classification and classification have
been made.
2,17.08 Other Provisions and accrued expenses
In compliance with BAS 37, Provisions and accrued expenses are recogtized in the financial statements
when the bank has a legal or constructive obligation as a result ofpast 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.
2.17.09 Provision for Off-Balance Sheet Exposures
In compliance with Bangladesh Bank guidelines Off-Balance Sheet items have been disclose under
contingent liabilities. As per BRPD Circular no.l0 dated l8 September2007, Banks are required to maintain
provision @ l% against Off-Balance Sheet Exposures (L/C, Guarantee and Bills for Collection, etc.).
2.17.10 Provision for Nostro AccountsAccording to guideline of Foreign Exchange Policy Departrnent of Bangladesh Banh Circular no.
FEOD(FEMO)101D005-677 dated 13 September 2005, Bank maintains provision regarding the un-reconciled
debit balance as at Balance Sheet date since there was no debit entries more than tlree month.
2.18 Capital and Shareholders' Equity2.18.01 Capital Management
The bank has strategic capital management process for measuring, deploying and monitoring its available capital
and assessing its adequacy. The aim of this capital management process is to achieve four major objectives;
exceed regulatory thresholds and meet long-term internal capital targets, maintain strong credit rating, manage
capital levels commensurate with the risk profile of the bank and provide the banks shareholder with acceptable
returns.
Capital is managed in accordance with the board approved capital management planning from time to time. Senior
management develops the capital strategy and oversees the capital management planning of the bank. The bank's
finance and risk management departrnent are key to implementing the bank's capital stratery and managing
capital. Capital is managed using both regulatory contol measure and internal matrix.
2.18.02 Paid up capitalThe paid up capital share capital represents total amount of shareholder capital that has been paid in full by
the Govemment of Bangladesh i.e. ordinary shareholder. In the event of winding-up of the company
ordinary shareholde(s) rank after all other shareholders and creditors are fully entitled to any residual
proceeds of liquidation.
2.f8.03 Statutory reserve
As per the Banking Companies Act l99l (amended 2013) (Section}4) it is required for the bank to hansfer
20o/o of its current year's profit before tax to reserve until such reserve equals to its paid up capital.
2.18.04 Dividends on ordinary shares
Dividends on ordinary shares are recogrized as a liability and deducted from equity when they are approved
by the Banks shareholders. Dividends for the year that are approved after the reporting date are disclosed as
an event after the reporting date.
2.f8.05 Revaluation Reserve
2.18.05.01 Assets Revaluation Reserve
When an asset's carrying amount is increased as a result of a revaluation, the increase amount should be
credited directly to equity under the heading of revaluation surplus/ reserye as per Bangladesh Accounting
Standards 8A5-16: ?roperty, Plant and Equipment'. The tax effects on revaluation gain are measured and
recognized in the financial statements as per Bangladesh Accounting Standards BAS-12: 'Income Taxes'.
2.1E.05.02 Revaluation Reserve for HTM & HFTAll HTM securities are amortized at the year end and any increase or decrease of such investment is booked
to equity. In case of HFT revaluation, decrease in the present value is recognized in the
account and any increase is booked to Revaluation Reserve Account through Profit and
no. 5, dated 28 January 2009.
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2.r8.06 Contingent liabilities and Contingent assets
A contingent liability is any possible obligation that arises form the past events and the existence of whichwill be confirmed only by the occunence or non-occurrence of one or more uncertain future events not
wholly within the control of the Bank; or any present obligation that arises from past events but is not
recognized because:. it is not probable that an outflow of resources embodying economic benefits will be required to settle the
obligation; or. the amount of the obligation cannot be measured with sufficient reliability.Contingent liabilities are not recognized but disclosed in the financial statements unless the possibility of an
outflow of resources embodying economic benefits is reliably estimated. Contingent assets are not
recognized in the financial statements as this may result in the recognition of income which may never be
realized.
2.19 Revenue recognitionThe revenue during the year has been recogrized following all conditions of revenue recognitions as
prescribed by Bangladesh Financial Reporting Standards BFRS 15 'Revenue from Contracts withCustomers'.
2.19.01 Interest incomeInterest on loans and advances is calculated on daily product basis and accrued at the end of each month,
but charged to customers' accounts on quarterly basis. In terms of the provisions of the Bangladesh
Financial Reporting Standards BFRS 15 'Revenue from Contracts with Customers', the interest income is
recognized on accrual basis. Interest on unclassified loans and advances have been accounted for as incomeon accrual basis, interest on classified loans and advances have been credited to interest suspense account
with actual receipt of interest there-from having credited to income as and when received as per instruction
of Bangladesh Bank.
2.19.02 Investment income
Income on investments is recognized on accrual basis. Investrnent income includes discount on treasury
bills, interest on treasury bonds and fixed deposit with other banks. Capital gain on investrnents in shares is
also included in invesfrnent income. Capital gain is recognized when it is realized.
2.19.03 Fees and commission income. Commission charged to customers on letters of credit and letters of guarantee are credited to income at the
time of effecting the transactions.. Fee and Commission on bills Ciscounted, purchased & others are recognized at the time of realization.. Exchange gains or losses arising out ofsuch transactions are recognized as income or expense for the year
foreign currency transactions are converted into BDT at prevailing on the dates of such transactions and
dealt with exchange account.
2.19.04 Dividend income on sharesDividend income from shares is recognized during the period in which they are declared and actually received.
2.19.05 Other operating IncomeOther operating income is recognized at accrual basis.
2.19.06 Profit/Loss of Overseas BranchesProfit/loss ofthe bank's overseas branches has been reflected in this profit and loss account.
2.19.07 Interest paid on Deposit and BorrowingInterest paid on Deposit and Borrowing and others expenses are recognized as accrual basis.
2.19.08 Management and other expenses
Expenses Bank are recognized on actual and accrual basis.
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2.19.09 Regulatory & Legal ComplianceThe bank has complied with the requirement of following regulatory & legal authority:(a) The Bank Companies Act, l99l ( amended 2013)(b) The Companies Act,1994(c) Rules, Regulation and Directives issued by Bangladesh Bank(d) Security & Exchange Rules, 1987
(e) Security & Exchange Ordinance, 1969
(f) Security & Exchange Commission Act, 1993
(g) The Income-Tax Ordiance,l984(h) VATAct, l99l(i) Labor Act,2006 (Amended 2013)
2.19.10 Reconciliation of inter-bank and inter-branch accountAccounts with regard to inter bank (in Bangladesh and outside Bangladesh) are reconciled regularly and
there are no material differences that may affect the financial statements significantly.
2.l9.ll Segment reportingFor the purpose of Segment Reporting as per Bangladesh Financial Reporting Standard 8, the followingsegments relating to revenue, expenses, assets and liabilities have been identified and shown in the related
notes accordingly as primary/secondary segments.
i) domestic operations in line with geographical segments;
ii) banking operations comprising of branches of the banking entity; and
iii) treasury operations comprising of the banking entity.Performance is measured based on segment profit before provision, as included in the internal management
reports that are reviewed by the Bank's Management. Segment report is used to measure performance as
Management believes that such information is the most relevant in evaluating the results of certain segments
relative to other entities that operate within these industries.
2.19.1 1.01 Operating segments
The Bank has five repo(able segments, as described below, which are the Bank's strategic business units.The strategic business units offer different products and services, and are managed separately based on the
Bank's management and internal reporting structure. For each of the strategic business units, the BankManagement Committee reviews internal management reports on at least a quarterly basis. The followingsunmary describes the operations in each of the Bank's reportable segments:
i. Loans & Advances Includes loans, deposits and other transactions and balances with corporate
customers & retail customers.
ii. Treasury Undertakes the Bank's funding and maintenance of CRR and SL& Asset-
liability management through borrowings and placement, currency swap and
investing in liquid assets such as short-term placements and corporate and
govemment debt securities.
iii. Overseas Branches(Kolkata, Siliguri)
Two (2) overseas branches of Sonali Bank Limited are situated at Kolkata &Siliguri in India and operating banking business, money remittance etc. as per
the head office instructions and other activities as permifted under the banking
law of India.
iv. Sonali Exchange
Company Incorporated(SECI), USA
Sonali Exchange Company Incorporated (SECI), USA, subsidiary company ofSonali Bank Limited operates its business in USA. It performs the activities ofmoney remifiance, issue cheques, payment instruments and traveler's cheque
and other activities as permitted under the banking law of USA.
v. Sonali Investments
LimitedEstablished to do all kinds of merchant banking activities including issue
management, underwriting, portfolio management and other transactions.
2.19.12 Directors' responsibility on fi nancial statements
The board of directors takes the responsibility for the preparation and presentation of these
statements.
2.20 Consolidation of the Financial Statements
Statements is started from 2011
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2.21 Risk ManagementThe Bank Company Act, 1991(amended 2013) and the Bangladesh Bank Regulations require the
Management to ensure.effective intemal audit, intemal control and risk management functions of the Bank.
The Management is also required to make a self-assessment on the effectiveness of anti-fraud intemal
controls and report to Bangladesh Bank on instances offraud and forgeries.
Bangladesh Bank Department of Off-site Supervision (DOS) has issued Circular no. 02 dated 15 February
2012 onRisk Management Guidelines for Bant<s and instructed all scheduled banks operating in Bangladesh
to follow this Guidelines for managing various risks which have been compiled by the Bank.
In addition, the Bank is also following relevant Bangladesh Bank guidelines on risk based capital adequacy,
stress testing and managing the banking risks in other core risk areas.
The Bank has established a Risk Management Division (RMD). The RMD conducts stress testing for
examining the Bank's capacity of handling future shocks, as well as deals with all potential risks that might
occur in future.
Being a financial institution, in the ordinary course of business, the bank is sensitive to verities of risks. The
generic severity of such risk(s) is much intense in our locality due to presence of large number of banks and
complex financial transactions. In such highly competitive environment to ensure a bank's consistent system
and performance, the presence of strong Risk Management culture is obligatory. Being compliant, the bank
is now looking forward to take risk management practice to a different level, i.e. preventing risk before
occurrence rather than a reactive manner; on a proactive basis. As a part of regulatory and global
benchmarking the bank has based upon 07 (seven) core risks guidelines of Bangladesh Bank and Basel
framework. Listed below are the identified risks the bank is currently managlng or intents to manage:
.Internal Control and Compliance Risk
. Foreign Exchange Risk
. Credit Risk Management
. Asset Liability Management Risk
. Money Laundering Risk
.lnformation & Communication Technology Security Risk
. Environmental Risk
Accordingly the bank has various high powered committees to monitor and ensure smooth risk management
activities. For example, Board Risk Management Committee, high powered central Risk Management
Committee, Departmental Risk Management Committee, Asset Liability Management Committee (ALCO),
Investnent Committee, Credit Committee (CC) etc. To manage the overall risks of the bank in line of Basel
the bank has formed a dedicated Core Risk Management & Basel-II Implementation Division. The detail ofSBL's risk management is stated below:
a) Internal Control and Compliance RiskEstablishment of sound control environment and effective compliance culture is the key stone of managing
operational risk. Internal control is a process to control overall activities of the Bank through establishing
policies, procedures, observance of instructions of regulatory authorities with a view to avoid any possible
loss from the lack ofcorporate governance.
To mitigate the operational risk, the Bank ensured effective internal control systems for all of its operational
activities by intensiffing the intemal audit function, comprehensive and risk based inspection in all branches
and Head Office. The Compliance Division ensures the settlement of objections or irregularities mentioned
in the audit reports under a strong monitoring process of the Management Committee (MANCOM). Besides
there is a division named Vigilance and Conhol Division under the direct supervision of CEO and MD to
act at any sudden occulrence of loss or irregularities.
The Bank with the support of an Expert Team, has undertaken a program for upgrading its Intemal
and as well as other policies in the area of credit, audit, information
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b) Foreign Exchange Risk Management
Foreigrr Exchange Risk is defined as the possibility of losses due to change in exchange rates interest rate
etc. according to market forces. The Foreign Exchange Risk of the Bank is minimal as all the fiansactions
are carried out on behalfofthe customers against underlying Foreigu Exchange transactions.
Treasury Division independently conducts the transactions and the Back Office of Treasury is responsible
for verification of the deals and passing of their entries in the books of account. Mid office coordinates the
wcrk in between front offrce and back office functioning. All foreign exchange transactions are revalued at
Mark-to-Market rate as determined by Bangladesh Bank at the month -end. All NOSTRO accounts are
reconciled on regular basis and outstanding entries beyond 30 days are reviewed by the Management fortheir settlement.
c) Credit Risk ManagementCredit risk is one of the crucial risk faced by the Bank. This can be described as potential loss arising from
the failure of a counter party (borrower) to perform as per contractual agreement with the Bank. The failure
may result from unwillingness of the counter pafi or decline in his/her financial condition. Therefore,
Bank's credit risk management activities have been designed to address all these issues. The Bank has
segregated duties of the Officers/Executives involved in credit related activities. Credit approval,
administration, monitoring and recovery functions have been segregated. For this purpose, three separate
divisions have been formed. These are credit division, credit monitoring & recovery division and law
division. Credit division is entrusted with the duties of maintaining asset quality, assessing risk in lending toa particular customer, sanctioning credit, formulating policy/strategy for lending operation, etc.
There is a high power credit committee who manages the credit risk of the bank. A thorough assessment is
done before sanction of any credit facility at credit division. The risk assessment includes borrower riskanalysis, financial analysis, industry analysis, historical performance of the customer, security of the
proposed credit facility, etc. All credit proposals have been placed in credit committee for sanction or make
decline. Managing Director is the Chairman of credit committee. Loans having big exposures are placed
before the Board of Directors of the Bank for sanction.
In determining single borrower/large loan limit, the instructions of Bangladesh Bank are strictly followed.
Internal audit is conducted on periodical interval to ensure compliance of Bank's and Regulatory polices.
Loans are classified as per Bangladesh Bank's guidelines.
d) Asset Liability Management RiskBank has high powered Asset Liability Management Committee (ALCO) to monitor Balance Sheet Risk and
liquidity Risks of the Bank. The Balance Sheet Risk is determined as potential change in eamings due to
change in rate of interest foreign exchange rates and regulatory instructions, which are not of trading nature.
Asset Liability Committee (ALCO) reviews Liquidity requirement of the Bank, the maturity of assets and
liabilities, deposits and lending, pricing stratery and the Liquidity contingency plan. The primary objective
of the Asset Liability Committee (ALCO) is to monitor and avert significant volatility in Net Interest Income
(NII), investment value and exchange earnings for the purpose of taking future action plan for better interest
of the organization.
e) Money Laundering Risk
Risk Associates with probable Money laundering activities is one of the major risk in the area of banking
sector. Money Laundering risk is defined as the loss of reputation and expenses incurred as penalty for
being negligent in prevention of money laundering. For mitigating the risk the Bank has desigrated Chief
Compliance Officer at Head Office and Compliance Officer at Branches, who independently review the
transactions ofthe accounts to verif, suspicious transactions.
Manuals for Prevention of Money Laundering, KYC and Transaction profile have been introduced. Training
has been being imparted to Executives, Officers and staff for developing awareness and skill for identiffing
suspicious transactions and other Money Laundering related activities'
I Information & Communication Technology Security Risk
IT Guideline is a systematic approach to policies required to be formulated for IT and also to ensure security
of information and information systems. This guideline covers all information that
printed, scanned and typed. The provisions of this guideline
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l. Sonali Bank Limited for all of its lT system.
2. All activities and operations required ensuring data security including facility design, physical security,
network security, disaster recovery and business continuity planning, use of hardware and software, data
disposal and protection of copy rights and other intellectual properly rights.
The implementation of Core Banking Solution (CBS) will be linked from the branches to the central
database. Near future the information will be easily accessible by senior management and is expected to be
important source of information of strategic decision-making process based on a comprehensive database. [t
is to be declared that the Bank is fully compliant according to the guideline of Central Bank's IT policy.
g) Environmental RiskEnvironmental Risk is the new concem in the banking arena. Bank authority is very much aware about this.
In compliance with Bangladesh Bank's instructions and guidelines regarding environmental risk, all the
activities of the bank are being ca:ried on. Specially, to approve the credit proposal, Bank Credit Committee
meticulously review the compliance status of the bonower regarding environmental requirement.
2.22 Risk Management Committee Disclosure
A Risk Management Committee, comprising Directors of the Board has been formed in consistence with
Bank Company (Amendment) Law-2013 and directives of BRPD Circular No.ll dated 27.10.2013 ofBangladesh Bank. Bank's risk management approach includes minimizing undue concentrations ofexposure, limiting potential losses from stress events and ensuring the continued adequacy of all our
financial resources. The committee is playing a vital role in risk management of the bank. It has a long term
plan to develop risk management culture in the bank.
The risk management committee comprising of four members including chairman who are competent and
professionally skilled and also the director of the board. The name and status of the member of the Board
Risk Management Commiftee are stated as follows:
Name Status in the BankStatus in thecommittee
Mr. Muhammed Asadullah Director Chairman
Ivft. Md. Shaheb Ali Mridha Director Member
Mr. Kazi Tariqul Islam Director Member
Mrs. Sabera Aktari Jamal Director Member
Mr. Afzal Hossain Director Member
The risk management committee of the Board of Directors has been formed soon after the Central Bank's
instruction. The committee conducted 12 meeting in20l7 where the following issues have been discussed:
. Formulated risk management strategies, methodologies, guidelines and processes for risk identification,
risk assessment, risk controlling and monitoring.
. Designed a suitable organization structure for risk controlling. The committee will form separate risk
management committee in management level and supervise their activities for compliance of instruction
regarding credit risk, foreign exchange risk, intemal control and compliance risk, money laundering risk,
ICT risk and environmental risk.. Reviewed and updated all risk management policies and guidelines al least once in a year, if necessary
they will propose and place before the Board of Director for final approval.
. Evaluated, assessed and approved the record keeping and reporting system formulated by the bank
management.. Supervised the implementation of overall risk management policies and steps taken for mitigation of credit
risk, market risk and operational risk along with other risks.
. Submitted the report of decision and recommendation made by the committee to the
basis.
. Followed
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2.23 Audit committee DisclosurbIn compliance with the policy directives as well as compliance with the BRPD Circular No. l1 dated27 October
2013 and previous circular BRPD Circular no. 12 dated 23 December 2002 of Bangladesh Bank, an audit
committee of the board of Sonali Bank Limited was constituted by the Board of Directors in its 615th meeting
held on 15 March 1999 and thereafter lastly reconstituted in the 548th board meeting of Sonali Bank Limited held
on 13 November 2017. The audit committee comprises of four members including chairman who are competent
and professionally skilled and also the director of the board. The company secretary acts as a secretary of the
audit commiffee. The name and status of the member of the audit committee are stated as follows:
Sl. No. Name Status in the Bank Status in the committee
IMr. A.K.M Kamrul Islam FCA,FCS
Director Chairman
a Mr. Md. Mahboob Hossain Director Member
3 Mr. Md. Shaheb Ali Mridha Director Member
4 Mrs. Sabera Aktari Jamal Director Member
5 Mr. Muhammed Asadullah Director Member
During the year 2017,the Audit Committee of the Board conducted 15 (Fifteen) meetings in20l7 whichthe following important issues were reviewed/discussed along with others:. Oversee the financial reporting process & liquidity position of the bank at regular basis.. Reviewed intemal & external auditors findings on the irregularities both major & significance at differentbranches of the bank and reference those to the Board with appropriate recommendation for decision,
reviewed draft & audited financial statements for the year 2016.. Reviewed performance of internal audit}Ol7." Reviewed the reconciliation performance of inter branch transaction accounts and advised the
management to keep it regular.. Reviewed the comprehensive inspection report on SBL by Bangladesh bank as on31.12.2016.. Reviewed the cash holding position of different branches & advise the management to ensure
maintenance of optimum level of cash to reduce idle cash in hand as per as practicable.. Reviewed existing policy of ICC, Risk Grading, Credit Policy, Quarterly Risk Management Paper etc. and
made recommendation to Board for approval.. Reviewed unaudited quarterly & half yearly financial statements of the bank for the year 2017 .
. Monitor internal control risk management process.
. Discussed and reviewed annual budget 2018 & revised budget 2017 and recommended to the board with some
amendments.. Reviewed the compliance status of audit objections and advised the management to ensure full compliance ofregulatory, legal and sigrificant issues meticulously.. Reviewed the audit rating by internal audit on Anti Money Laundering of all branches for the yew 2016.. Discuss and reviewed the effectiveness of annual audit plan 2017 and made recommendation to the
board for approval with suggested amendments.. Reviewed existing risk management procedures along with implementation of core risk management
guidelines and advised the managements to implement the same more effectively.. Reviewed the audit report of the subsidiaries and directing the authority to take necessary action as
appropriate.
2.24 Credit Rating of the BankAs per the BRPD circular no. 6 dated 5 July 2006, the Bank has done its credit rating by Emerging Credit
Rating Limited based on the financial statements of Sonali Bank Limited dated 3l December 2016. The
following ratings had been awarded:
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Short Term OutlookRating ModeDate of Declaration Valid till
AAA ST-1Govt.
Support
cA. ST-2 I29-Jun-l 8
WithoutGovt.A30-Jun- I 7
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2.25 Implementation of BASEL-IIIBanl$ operating in Bangladesh are maintaining capital since 1996 on the basis of risk weighted assets in linewith the Basel Committee on Banking Supervision (BCBS) capital framework published in 1988.
Considering present complexity and diversity in the banking industry and to make the Bank's capital more
risk-sensitive as well as to improve the banking sector's ability to absorb shocks arising from financial and
economic stress, Bangladesh Bank provides revised regulatory capital frarnework "Risk Based Capital
Adequacy for Banks" which is effective from I January 2009. Both the existing capital requirement rules on
the basis of Risk Weighted Assets and revised Risk Based Capital Adequacy Framework for Banks as per
Basel-II were followed simultaneously initially for one year. For the purpose of statutory compliance during
the period of parallel run i.e. 2009, the computation of capital adequacy requirement under existing rules
prevailed. On the other hand, revised Risk Based Capital Adequacy Framework as per Basel-II had been
practiced by the Banks during 2009 so that BaselJI recommendation could effectively be adopted from2010. From January 2010, Risk Based Capital Adequacy Framework as per Basel-II have been fullypracticed by the Banls replacing the previous rules under Basel-I. Bangladesh Bank adopted "Guidelines on
Risk Based Capital Adequacy (Revised Regulatory Capital Framework for Banks in line with Basel-I[)" as
per BRPD circular no. l8 dated 2l December ,2014 replaced of "Guidelines on Risk Based Capital
Adequacy (Revised Regulatory Capital Framework for Banks in line with Basel-II)". This circular shall
come into force with effect from January 01, 2015. These new global regulatory and supervisory standards
mainly addressed the following areas:
1. Pillar-l :
a) Minimum Capital Requirement (MCR);b) Assessment of total Regulatory Capital;c) Calculation of total Risk Weighted Assets;
d) Calculation of Capital to Risk Weighted Assets Ratio (CRAR);
e) Raise the quality and level of capital to ensure banks are better able to absorb losses on both a going
concem and a gone concem basis;
f) Increase the risk coverage of the capital framework;g) Introduce Leverage Ratio (LR) to serve as a backstop to the risk-based capital measure;
h) Calculation of Liquidity Coverage Ratio (LCR) and
i) Calculation of Net Stable Funding Ratio (NSFR).
2. Pillar-2 :
a) Raise the standards for the supervisory review process ; and the main aspects of a rigorous SRP are as
follows:. Board and senior management oversight,. Sound capital assessment,. Comprehensive assessment of risks,. Monitoring and reporting,. Internal control review.
b) Preparation of ICAAP (Intemal Capital Adequacy Assessment Process) documents for assessing its
overall risk profile and a stratery for maintaining adequate capital.
c) SRP - SREP dialogue.
3. Pillar-3 :
a) Market Discipline/Public disclosures etc.
The macro prudential aspects of Basel-III are largely enshrined in the capital buffers. Both the buffers i.e.
the capital conservation buffer and the countercyclical buffer are intended to protect the banking sector from
periods of excess crodit growth.
i) Capital to Risk Weighted Assets Ratio (CRAR)*The Capital Adequacy Ratio (CAR) has been newly defined as Capital to Risk WRatio (CRAR) which is calculated by taking eligible regulatory capital as numerator
as denominator.
Total
RWA+Market RWA+Operational RWA
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ii) Leverage Ratio*
ln order to avoid building-up excessive on and off-balance sheet leverage in the banking system, a
simple, transparent, non-risk based leverage ratio has been introduced. The leverage ratio isintended to achieve the following objectives:
a) Constrain the build-up of leverage in the banking sector which can damage the broader financial
system and the economy.
b) Reinforce the risk based requirements with an easy to understand and a non-risk based measure.
A minimum Tier 1 leverage ratio of 3o/o is being prescribed both at solo and consolidated level.
The banks will maintain leverage ratio on quarterly basis. The calculation at the end of each
calendar quarter will be submitted to BB showing the average of the month end leverage ratios
based on the following definition of capital and total exposure.
LR= Tier 1 Capital (after related deductions)
Total Exposure (after related deductions)
iii) Liquidity Coverage Ratio (LCR)*
LCR or Liquidity Coverage Ratio is a new liquidity standard introduced by the Basel Committee.
This standard is built on the methodologies of traditional liquidity coverage ratio used by banks to
assess exposure to contingent liquidity events. LCR aims to ensure that a bank maintains an
adequate level of unencumbered, high-quality liquid assets that can be converted into cash to meet
its liquidity needs for 30 calendar days. LCR goes beyond measuring the need for liquid assets over
the next 30 days in a normal environment. It measures the need for liquid assets in a stressed
environment, in which deposits and other sources of funds (both unsecured and secured) run off, to
various extents, and unused credit facilities are also drawn down in various magnitudes. These
runoffs are in addition to contractual outflows.
Stock of liquid assets > l00%oLCR=Total net cash outflows over the next 30 calendar days
iv) Net Stable Funding Ratio (NSFR)*
NSFR or Net Stable Funding Ratio is another new standard introduced by the Basel Committee.
The NSFR aims to limit over-reliance on short-term wholesale funding during times of abundant
market liquidity and encourage better assessment of liquidity risk across all on oflbalance sheet
items. The minimum acceptable value of this ratio is 100 percent, indicating that available stable
funding (ASF) should be at least equal to required stable funding (RSF). ASF consists of various
kinds of liabilities and capital with percentage weights attached given their perceived stability. RSF
consists of assets and off-balance sheet items, also with percentage weights attached given the
degree to which they are illiquid or "long-term" and therefore requires stable funding. The time
horizon of the NSFR is one year. Like the LC& the NSFR calculations assume a stressed
NSFR:Available amount of stable fund
> 100%Required amount of stable funding (RSF)
The calculation of the NSFR requires two quantities to be defined :
A. available stable funding (ASF) and
B. required stable tunding (RSF).
NSFR is met if ASF exceeds RSF, that is if ASF/RSF > I or 100%.
2.26 Related party disclosures
As per Bangladesh Accounting Standards BAS-24 'Related Parly Disclosures', parties are considered to be
related if one of the parties has the ability to control the other party or exercise significant influence over the
other party in making financial and operating decisions. The company carried out
ordinary on an arm's length basis at commercial rates with its related
given in Note 46 and 47
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2.27 LitigationThe bank is not a party to any lawsuits except those arising in the normal course of business, which were filled
against the default clients for non-perfonnance in loans repayment and against various level of ta:r authority
regarding some disputed tax issue. The bank, however, provides adequate provisions as per guidelines of BAS 37
incompliance with Bangladesh Bank guidelines.
2.28 Loan Write offWrite off describes a reduction in recogrrized value. It refers to recognition of the reduced or zero value of an
asset. Generally, it refers to loan for which a return on the loan is now impossible or unlikely. The item's potential
return is thus cancelled and removed from (Written off) the banks statement of financial position. Recovery
against debts written off/ provided for is credited to provision or revenue considering the previous position of the
loans.
2.29 Compliance of Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting Standards
(BFRSS)
The Institute of Chartered Accountants of Bangladesh (ICAB) is the sole authority for adoption of Bangladesh
Accounting Standards (BASs) and Bangladesh Financial Reporting Standards (BFRSs). While preparing the
financial statements, Sonali Bank Limited applied most of BASs and BFRSs as adopted by ICAB. Details are
given below:
in Note 2.02 Statement of Compliance
BASs/BF'RSis No.
StatusName of the BASs/BFRSS
I Applied*StatementsApplied2InventoriesApplied7Statement of Cash FlowsApplied8Estimates and Errorsln
l0 AppliedEvents after the Periodt2 AppliedIncome Taxesl6 AppliedPlant andt7 AppliedLeases
Appliedl9BenefitsN/A20Accounting for Government Grants and Disclosure of Govemment Assistance
Applied2tEffects of RatesmApplied23Costs
24 AppliedRelatedApplied27Financial StatementsApplied2Ein Associates & venture
32 Applied*PresentationApplied33Per ShareApplied*34lnterim Financial ReportingApplied36of Assets
37 AppliedLiabilities and AssetsApplied38Assets
39 Appliedrand MeasurementInstruments40 N/A
N/A4tN/AIStandardsof FinancialN/A2Share-Based
Applied3Business Combinations4 N/AContracts5 AppliedforHeld andSale DiscontinuedAssetson-Current
N/A6for and Evaluation of MineralApplied*7Financial Instrument: DisclosuresApplied8
Applied*9InstrumentsAppliedl0Financial
N/Allt2 Appliedof Interests in Other Entitiesl3 Appliedt4 NLFair Value Measurements
Deferral Accountsl5Revenue from Contracts with Customers
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2.30 Corporate Social Responsibility (CSR)
Bank authority is very much concem about responsibility to the society people. With industrialization, the
impacts of business on society and the environment assumed an entirely new dimension. For this Corporate
Social Responsibility has become a criterion of socially lawful business Endeavour and the acceptance of it,
is growing day by day. Countries of developed economy have taken the idea of "Social Responsibility".
Being the largest state owned commercial bank in Bangladesh, Sonali Bank Ltd. has also realized its
responsibilities to the society and contributed to the amelioration of the social life of the destitute people,
infra-structureo environment etc. within the framework of Bangladesh Bank guidelines.
2.31 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 offbalance sheet items.
Off Balance Sheet items have been disclosed under contingent liabilities and other commifrnents as per
Bangladesh Bank guidelines.
As per BRPD circular no. 14, date 23 Sep 2012, 1% provision should be maintained against off- balance
sheet items except the criteria mention in the BRPD circular no 01, date 03 January 2018. Bank has
maintained sufficient provision in the books of accounts against offbalance sheet exposure.
2.32 Fraud and Forgeries
2.32.01 Fraud Prevention Process
Based on DOS circular letter no. 17, dated 7 November 2012 issued by Bangladesh Bank, the following
areas for self assessment of Anti-Fraud Intemal Controls are addressed by the Bank:
.Intemal Control and Compliance (lCC);
. General Banking and Operation (GBO);
. Loans and Advances (LA); and
. Information and Communications Technolory (ICT)
In addition to the above self assessment, the following process followed by the management:
i) Additional security devices are incorporated, not only within the bank premises but also in the instruments
given to their numerous clients.
ii) In recruiting key personnel who are to handle certain sensitive operations, it is essential that bank makes
comprehensive efforts at conducting a proper background check on the status and nature of the employee in
his or her neighborhood, as this would help them establish the probability of the employee engaging in
fraudulent activities.
iii) Regular need assessment to increase the ability of bank's staff in detecting fraud especially those related to
cheques and money transfers. This can be achieved through a combination of intemal and extemal modules
ofon the job training ahd offthe job training exercises.
iv) Continuously review the code of ethics and code of conduct to reduce the probable tendency for fraudulent
behavior of the employees. It is believed that if employees are well motivated to the bank, the incidence offrauds will be reduced.
v) Favorable financial awards and recognition should be given to employees who show dexterity in identiffing
and preventing fraud.
vi) Top management must also strive to maintain a high degree of ethical standards in the performance of their
duties, in view of the fiduciary nature of their functions. This is imperative as they are by law required to
safeguard the assets oftheir banks.
vii) The internal audit divisions of bank should not be seen as a dumping ground for non-performing
deployed into this department should be sufficiently qualified, properly trained and adequately
ui
in all facets of
lr
4l
2.33 Internal Audit Process
Intemal Audit Division as independent from the part of Management, is committed to standards of best
professional practice on internal audit. The basic steps in the internal audit processes followed by the bank
are stated below:
1) Audit Planning Process
The basic audit planning process consists of two phases: the assessment of business risk and the
development of the annual plan. Assessing of business risk focuses on viz. (i) defining auditable units, (ii)
defining the risk criteria, (iii) constructing the risk model and (iv) ranking the auditable units.
i) Delining Auditable units
Auditable units are defined as individual applications, business units, departments or offtces each of theses
approaches either limits the scope of an audit project or broadens it beyond what can reasonably be
managed.
ii) Defining the risk criteria
The model is based on operational risk, exposure and controls. Each area is broken down into sub-categories
as follows:. Operational risk (people, systems, process, contractual, reputational and political)
. Exposure (financial, regulatory and customer);
. Controls (people, process, information systems and reporting).
The controls categories are further broken down into the following sub-categories viz. people, process and
information systems.
iii) Constructing the Risk Model
The risk assessment and audit planning methodolory is a structured approach to a subjective process. The
risk assessment and planning model is the product of value judgments.
iv) Ranking the Auditable units
The risk profile spreadsheet computes a score for each auditable unit based on operational rislq exposure
and conhol. This score is then converted into a ranking for each uiterion as follows:
Operational Risk - high, medium,lowExposure - high, medium, lowControl - high, medium,low
2) Developing Audit Programme
Once the annual plan is developed and approved, Audit Programme are developed for each audit to be
undertaken. Audit Programme is to be reviewed prior to the start of each audit to determine if there have
been any changes. The steps in developing an Audit Progamme are: understand the operitions, develop
flowchart or narrative, review the process with the concemed staff and develop the Audit Programme'
3) Implementing the Annual Audit Plan
The department undertakes structured approach to accomplish the annual plan and the actual audit can be
broken up into a number of stages stated below.
(i) Preparation stage
At this stage, the team leader ensures that all the necessary requirements for the audit are prepared and
available and preliminary reviews and information gathering is undertaken.
(ii) FieldworkDuring the fieldwork the auditor gathers evidence in order to determine the status of operations and confrols
within a particular area. This evidence is the basis for the auditor's conclusions about a particular
assignment.
(iii) Documentation or working paper
The working papers are evidence in support of the audit findings and opinion.
(iv) Audit Findings
Findings are statements of fact uncovered during the course of an audit and these
reported.
issued.
the Team leader and the Head of Audit prior to the finalare reviewed by
42
r,
4) ReportingThe audit reports are submitted to the auditable units, senior management and to the Audit Committee of the
Board. The audit reports contain findings which are of a critical nature and have a major impact on the
organization. Other operational issues identified during the audit which are considered not to be of amaterial nature but are worth are reported through 'Management Report' to the Head of the
DepartrnenUOffice and Head of the area being audited.
5) F'ollow-upAlong with compliance functioning the internal audit people employ close follow up to ensure that
appropriate and timely action has been taken on audit findings and recommendations. Internal AuditDepartment reports to the Audit Committee on the current status of outstanding findings and what action is
being taken to resolve the issues.
6) External AuditIntemal audit uses the external audit reports and ensures that any issues raised by the external auditor have
been followed up by management and whether corrective action has been taken in a timely manner.
2.34 Reporting periodThe accounting period of the bank has been determined to be from I January to 31 December each year and
is followed consistently.
2.35 Comparative InformationPresentation 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.
The comparative figure for amortization of intangible assets has been taken off from the profit and loss
account and shown in the statement of changes in Equity against the corresponding amount in the current
year's financial statement as explained in note #18 to the financial statement.
2.36 Earnings per share (EPS)
236.0f Basic earnings per share
The Bank calculates Eamings per Share (EPS) in accordance with BAS 33 "Earnings per Share", which has
been shown on the face of profit and loss account, and the computation of EPS is stated in Note 44.
2.36.02 Diluted earnings per share
No diluted eaming per share is required to be calculated for the year as there was no scope for dilution
during the year under review.
2.37 Approval of financial statements
The financial statements were approved by the Board of Directors on 30 April 2018.
2.38 Generala) Figures have been rounded offto the nearest taka.
b) Prior Year's figures have been shown for comparison purposes and rearranged wherever necessary to
conform to current year's presentation.
c) Conversion calculated based on the simple average of buying and selling
i
It
I
!
.t
UnUJQ
I
43
I
3.00
3.01
t.o2
I
t-
Cash
Cash in hand (Including foreign currencies)
Balance with Bangladesh Bank and its Agent Bank(Including forcign currencies)
3.01
3.02
Casb In Eand( Including foreign currencies)
Local Cunency
Foreign Currency
Balance with Bangladesh Brnk end its Agent Bank (Including foreign currencies)
Looal Cunency
Foreign Currency
Mode of Deposit with Bangladesh Bank
Statutory Deposit
Non Statutory Deposit
Required Resewe
Resewe held with Bangladesh Bankt (Average)
SurpluV(Deficit)
rAs per statement of Bangladesh Bank
87,995,9t7,763 t0.0E:1.451.762 87,99A9E7,763 80.m3.451.762
s,112,714,5E9 6,289949,137 s,rr2,7145E9 62t9949,137
82,883,273,174 7t,7915U2,625 t2.883273.t74 7t.791,fi2,625
82,883,273,174 73,793,502,625 82,883,273,174 73,793,502,625
189,972,982,W5 I 5,837,341,589
181,6t7282,s40519.142.108.137
337.4il.4253v1
i
i
t-
3.03
3.03.01
E2fi3,27r,174 7t,79t,fiz,625 82.8E3273.174 73.793.5U2,J,2s
@etails shown in Annexure,A)
Disclooures regarding mritrtenance of CRR & SLR
Cash Reserve Requirements (CRR) and Statutory Liquidity Ratio (SLR) have been calculated and maintained in accordance with the section 25 &33 of the Bank Companies Act l99l (Amended 2013) and subsequent MPD Circular No. 01, 23 June 2014.
The Cash Reserve Requirement (CRR) on the bank's time and demand liabilities at the rate of 6.5% has been calculated and maintained withBangladesh Bank in current account and 13% Statutory Liquidity Ratio (SLR), including CRR on ttre liabilities has also been maintained in the
form of treasury bills, bonds and debentures including F.C. balance with Bangladesh Bank. Both the reserve maintained by the Bank are in excess
of the statutory requirements, as shown below:
Cash Reserve Requirenent (CRR )
As per MPD circular No. I dated 23 June 2014 of Bangladesh Bank (effective from 24 June 2014) refer to MPD circular No. 04 dated I December
2010, all scheduled Banks are required to maintain a CRR minimum 6% on daily basis based on weekly average demand and time liabilities of trvo
months prior to current month (i.e. CRR of December 2015 will be based on weekly average balance of October 2015 as per BRPD circular no. 12
dated 6 September 1998) and minimum 6.5%o ot bi-weekly basis. SBL has been maintaining its CRR on bi-weekly basis.
Amount in TsL,
2017 2016
Average demand and time liabilities l,ln0,u0,4{)1,m0 931,729,658,000
60,002,673,000
74.629.270.N0
60,562,427,W
67298250,000
14,626,597,000 6,731E23,(m0
*As Sonali Bank Limited is maintaining its CRR on bi-weekly basis, the bi-weekly basis balance of reserve held with Bangladesh bank was Taka
't4,629,210,000.00 which indicates that the reserve held with Bangladesh Bank is not below the required reserve.
3.03.02 Ststutory Liquidity Ratio (SLR) (including CRR )
Bangladesh Bank circular (MPD circular No. 02 dated l0 December 2013 and DOS circular No. 0l dated 19 January 2014) to maintain SLR
separately at 13% effective from 0l February 2014. Sonali Bank Limited maintain SLR separately from the above date.
The Bank has to maintain Tk. 129,970,309,000.00 on bi-weekly basis on Decernber 2017 as SLR against which the bank maintained Tk.
441,208,071,589.00. As aresult the surplus of SLR stood Tk. 311,23'1,762,589.00
Average demand and time liabilities
Required Reserve
Actual Reserve held with Bangladesh Bank
Surplus/(Deficit)Grrnd TotelofCRR&SLRRequired Reserve
Actual Reserve held with Bangladesh Bank
Surplud(Deficit)
Acturl R€r€rve held as Strtutory Liquidity Ratio (SLR)
Cash in hand
Excess ofCRR
Balance with Bangladesh Bank and its agent bank(s)
Unencumbered approved securities (IIFT)
1,020,040,401,m0 ,729,65t,000
Unencumbered
I
I
Notes ParticulersRef,Note
Amount in Taka
Congolidated Bank
20t7 2016 2017 2016
5,1t2,714,s89
82,883,271,174
6,289,949,13?
73,793,502,625
5,[2,714,589
82.E83273,r74
62E9,949,137
73,793,502,625
5,000,835,5E0
I l I,879,009
5,El 5,09E,860
474,E50,277
5,000,835,5E0
I I 1,879,009
5,815,098,E60
474,850,277
73,711,642,t03
9,r71,630,371
67,398,279,7E5
6,395,222,U0
73,71t,642,803
9,171,630,371
67,39E279,7E5
6,395,222,U0
Amount id Taks2017 20t6
t21,124,Ess,s40451.E43.E58.137
129,970,309,000
M1,208,071,589
'iffi246,549,48s,0N
6,2E9,949,13?
6,735,823,000
5,112,714,589
14,626,597,000
215,528,631,000
152,3st,366,000
53,581,763,000
il}tu"ss&tr,I
3.03.U1.1
Other Etigible
44
325.E643595t9
Notes PsrticularsRef.Note
Amount in Taka
Consolideted Bgnk
2017 2016 2017 2016
4.00 Bshnce rvith Other Bankr and Financial Institutionss
In Bangladesh
Outside Bangladesh
4.01
4.01
4.02
B8lrnce with otber Banks and Finrncirl Institutiong
In Bangladesh :
Bank Transaction Currencv
Anser VDP unnayan Bank BDT
BASIC Bank BDT
ICB Islamic Bank Ltd. BDT
Bangladesh Commerce Bank Ltd. BDT
FarmersBankltd. BDT
PremierBankltd. BDT
Rajshahi lkishi Unnayan Bank BDT
SBL,ForeignEx. Corp. Br. BDT
Dhaka Bank Islamic Banking Br. BDT
SBLUttArABr. BDT
UCBL, Bijoynagar Br. BDT
SBL Mirpur Shilpa Elaka Br. BDT
ABbankltd. BDT
BRACBankLtd. BDT
Commerce Bank ofCeylon BDT
DhakaBankltd. BDT
DutchBanglaBankltd, BDT
EastemBankltd BDT
EXIM Bank Ltd. BDT
Midland Bank Ltd. BDT
IFIC Bank Lid. BDT
JamunaBankltd. BDT
Mercantile Bank Ltd. BDT
Mutual Trust Bank Ltd. BDT
NRB Commercial Bank Ltd. BDT
National Credit and Commerce Bank Ltd. BDT
OneBankltd. BDT
Premier Bank Ltd. BDT
Pubali Bank Ltd. BDT
Standard Bank Ltd. BDT
SoutheastBar*Ltd BDT
South Bangla Agricultural & Commerce Bank Ltd. BDT
Sooial Islami Bank Ltd. BDT
Shajalat Islami Bank Ltd. BDT
union Bank Ltd BDT
Sub Total
Non-Brnk Financi&l Institutions
BangladeshlndustrialFinanceCompanyLtd. BDT
Bay Leasing & Investment BDT
Bangladesh Finance & Investment Company Ltd. BDT
FAS Finance & Investsnentltd. BDT
Invesunent Corporation ofBangladesh BDT
GSPFinance Co. Ltd BDT
Intemational L,€asing & Finance Service Ltd. BDT
IPDC BDT
IIDFC BDT
People's Leasing & Financial Services Ltd. BDT
Premierlrasing & Finance Ltd BDT
LankaBanglaFinanceltd BDT
RelianceFinanceltd. BDT
FareastFinance & Investnent Company Ltd. BDT
FirstFinancelnvestsnentltd. BDT
Union Capital Limited BDT
BDFinanceltd BDT
DBH BDT
IDLC BDT
National Finance Ltd. BDT
Phoenix Finance Ltd. BDT
Uttara Finance & lnvestment Ltd. BDT
Sub Total
Totslkss: Inter
8,t72?,30,477 39.039.&42J97 68,s6t"54&406 38.820.750.116
38,Ett,442,1E6 14,#1,401s27 3E,791142,55t 14,541r42Fs8
62,641,442,7E6 ,3,461,401,827 62,555,142,55E
L
;
iar
Y
i
62,556,320,682
6,3t5,909,79s
35,446,755,102
1,593,0E7,295
62.555,142,558
6,013,405,84E
35,445,142,558
3,t75,607,558
550,000,000
145,142,558
900,000,000
1,000,000,000
E0,307,732
3,599
2,246,2s2
1,174,526
2,56E,1 l91,500,000,000
3,000,000,000
1.000.000,000
2,000,000,000
1,000,000,000
2,000,000,000
1,500,000,000
300,000,000
2,200,000,000
2,000,000,000
2,350,000,000
1,800,000,000
500,000,000
2,200,000,000
1,950,000,000
1,150,000,000
2,000,000,000
1,800,000,000
2,250,000,000
500,000,000
1,500,000,000
I.200,000,000
500,000,000
500.000,000
10,000,000,000
145,142,5s8
500,000,000
1,000,000,000
1,400,000,000
1,000,000,000
8,866,123
204,362
3,07t,573
1,40E,182
2,702,029
550,000,000
145,142,558
900,000,000
1,000,000,000 |
1,500,000,000
3,m0,000,000
1,000,000,000
2,000,000,000
1,000,000,000
2,m0,000,000
1,500,000,000
300,000,000
2,200,000,000
2,000,000,000
2,350,000,000
1,E00,000,000
500,000,000
2,200,000,000
1,950,000,000
1,150,000,000
2,000,000,000
1,800,000,000
2250,000,000
500,000,000
1,500,000,000
1,200,000,0@
500,000,000
500,000,000
10,000,000,000
145,142,558
500,000,000
1,000,000,000
1,400,000,000
1,000,000,000
220,000,000
400,000,000
300,000,000
400,000,000
15,000,000,000
200,000,000
600,000,000
300,000,000
600,000,000
4t0,000,000
380,000,000
770,000,000
690,000,000
250,000,000
160,000,000
t50,000,000
220,000,000
400,000,000
300,000,000
400,000,000
1s,000,000,000
200,000,000
600,000,000
300,000,000
600,000,000
480,000,000
380.000,000
770,000,000
690,000,000
250,000,000
160,000,000
150.000,000
150,000,000
16,000,000,000
200,000,000
300,000,000
440,000,000
350,000,000
440,000,000
380,000,000
E30,000,000
690,000,000
250,0@,000
1E0,000,000
350,000,000
550,000,000
l,l 50,000,000
100,000,000
400,000,000
200,0m,000
400,000,000
150,000,000
16,000,000,000
200,000,000
300,000,000
440,000,000
350,000,000
440,000,000
380,000,000
830,000,000
690,000,000
250,000,000
180,000,000
350,000,000
550,000,000
1,150,000,000
100,000,000
400,000,000
200,000,000
400,000,000
Grend Totel
45
104 ,725
Notes PorticularsRef.Note
Amount in TrkeConsolidated Bank
2017 2016 2017 2016
4.02 Balonce Edd with Foreign Bankr (OuBide Bangladesh)
Foreign Banks
Asian Clearing Union
Overseas Branches ofSonali Bank Ltd.
Sonali Exchange Co. Inc
4.t2.01 Balance held with foreign bank
4.02.01
4.02.02
4.02.03
6315,9(B,79s 3,593,087,295 6'013'.105"E'tE 337s.07ssE
s.fi3.623,907
24,623,3U
875,158,s57
302,503,947
2,304,152,114
20E,356,963
863,098,481
217,479,737
s,113,623fl7
24,623,3U
875,158,557
2,304,152,114
208,356,963
863,098,481
Sl. No. ParticularsAs at 3l December 2017
Foreign Currency FC eDount Exchrnge rate Amount h Tak
I)
5
E
l0
1l
t2
l3
14
l5
t6
t7
l8
19
21
22
23
24
25
26
27
2E
29
30
3l
32
33
34
Sonali Bank (IJK) Ltd. london
Sonali Bank (UK) Ltd. London
Sonali Bank (lJK) Ltd. London
Sonali Bank (IJK) Ltd. london
Sonali Bank (LlK) Ltd. London
Sonali Bank (UK) Ltd. lpndon
Refidian Bank, lraq
Bank Of America, NY
Zaire Bank, Iondon
Net West Plc, London
Chase Chemical Bank
Sonali Bank Ltd Kolkata
Sonali Bank (lJK) Ltd. London
Bangladesh Foreign Post office
Standard Chanered Bank, N.Y.
Euro credito Italiana Spa. Italy
Sonali Bank (JK) Ltd. London
Standard Chartered Bank, N.Y.
Standard Chartered Bank, Singapore
Standard Chartered Bank, Japan
Standard Chartered Bank, Germany
Bank ofTokyo Ltd. Japan
Dan Dansk DKK, Bank
lAlraji Bank INV. Corp. ReadhI
lUnion Bank Of SwitzerlandI
lBFr Bank GermanV
lCommez Bank Frankfurt, Germany
luashreq Bank N.v
EI.JRO
USD
GBP
GBP
GBP
GBP
USD
USD
GBP
USD
USD
ACD
GBP
USD
USD
EURO
GBP
USD
SGD
J.YEAN
EI.,rRO
J.YEAN
DKK
SAR
CI{F
ETJRO
EURO
USD
E,rt2294.61
57,E97,803.25
50,731.13
679,llL.41
16,93E.57
30.55
255,938.60
11,610.35
276,433.40
50,478.14
693,634.15
9,474.50
2,043,t22.21
2,25?,506.50
4,298,468.@
819,008.60
40,E05. I 3
19.87E,793.63
184,055.49
43,375.00
16,397.12
2,794,342.00
22,152.22
I 39,293.50
67,680.82
22,745.83
34,179.55
s22,719.63
97.32
81.68
110.79
110.7932
110.7932
I15.65
t2.70
82.70
I 10.79
82.70
82.70
82.70
I t0.79
E2.70
82.70
98.31
I10.79
t2.70
61.72
0.73
98.31
0.73
13.21
22.05
83.E5
9t.31
9E.31
82.70
7E9,499,869
4,?28,t53,572
5,620,6&
74,WE,s46.6?
1,876,678.37
3,533
21,166,122
9@,176
30,626,941
4,174,542
57,363,544
7t3,541
226,441,603
186,695,7t8
35s,4t3,358
t0,519,84E
4,s20,931
1,643,9?6231
I1,360,089
31,646
1,612,063
2,03E,752
292,513
3,071,72t
5,674,949
2,236229
3,360,321
43,228,913
Total Debit Balance (A) fit439,E24.49 Ei286,3E2,713
As et 31 December 2017
Exchenge rete Amount itr TskrParticulars
Foreigr Currency FC amountSL No.
77,382235
267,2M
12,359,36E
2,138,3 l9
2,101,730,E92.90
324219,946.3t
271,970,1t0.66
274,574,280.44
5,863,4E5.41
18,1 16,E06. l9
95,410.53
7s,576,374-U
441,502.71
E,022,[email protected]
935,69E
3,231.00
149,448.22
19,300.00
25,413,916.48
3,920,434.66
3,288,635.E0
3,320,124.31
70,900.67
196,565.49
1,460.00
6t2,r39. I I6,872.5s
El,6M.0l
82.7
t2.7
82.7
82.7
82.7
65.349678
110.7932
64.241472
9E.3138
E2.70
82.70
t2.70
110.79
82.7
Habib American Bank, NY
Doha Bank, Qatar
Deutsche Banli TrustCo. NY
Net West Plc, London
Sonali Bank (UK) Ltd. London
City Bank N.Y.
Habib American Bank, N.Y.
J.P Margon Chase Bank, N.Y.
Wells Fargo Bank NY
H.S.B.C BankUSA
Bank Of Montreal, Canada
Standard Chartered Bank, London
H.S.B.C Bank Australia
Sonali Bank (UK) Ltd. tondon
USD
USD
USD
GBP
USD
USD
USD
USD
USD
USD
CAD
GBP
ACD
EI]RO
I
2
J
4
5
6
7
8
9
l0
1l
t2
t3
l4
ffi638,090,330.{lTotal Credit Balance ffi"/"blanrffdk63,149,494.Mcrend rotal (A-B) //Yl
*i
i
46
l-
L
t
4.A.02 Brlance Eeld with Asian Clearing Union (ACU)
4.02.03 Balsnce Eeld with Overseas Branches of Sonali Bank Limited
t
Sl. No. Particulars
As at 31 December 2017
Foreign Currency FC amount Erchange rate Amount in Taka
2
3
4
5
6
7
8
9
l0
ll
Sonali Bank Ltd Kolkata
Myanmar Economic Bank
Myanmar Economic Bank
Nepal Bank Ltd. Kathmandu, Nepal
Myanmar Foreign Trade Bank
Bank ofBhutan
Habib Metropolitan Bank L-
Myanmar Investrnent & Com. Bank
Standsrd Chartered Bank, Karachi
Sonali Bank Ltd Kolkata
Bank of Ceylon, Srilanka
EURO
ET,rRO
USD
USD
USD
USD
USD
USD
USD
USD
USD
6,745
150,000
200,000
23,4t9
(3,470)
20,609
566,7E9
200,000
5
(920,e63)
24,945
9E.31
98.31
E2.70
82.70
82.70
82.70
82.70
82.70
82.79
82.70
82.70
663,152
14,747,070
16,540,000
t,942,521
(286,935)
1,704,340
46,E73,436
t6,540,000
454
(76,163,6r6)
2,062,963
Totgl 26t,150 24$23J,u
SL No. PrrticulersAs at 31 December 2017
Foreign Currency FC amount Exchanqe rste Amount in Tr}rI Overseas Branches (Kolkata & Siliguri) IRS 678.417,486 1.2900 E75,158,557
Totri 67t.417,M E75.15E557
:,
!
4,03 Maturity Grouping of Balence with Other Banks & Finsncial Institutions
On Demand
Less than three months
More than tluee months but less than one year
Morc than one year but less thsn five years
More than five years
s.00 Motrey rt Csll on Short Notice
In Bangladesh
Outside Bangladesh
s.01 Ir Bangladesh
Bank
Orimtal Bank( ICB Islamic)
AB Bank Ltd
The Farmers Balk Ltd
NRB Global Bank Ltd.
City Bank
Modhumoti Bank Ltd.
Meghna Bank Ltd.
NRB Commercial Bank Ltd.
NRB BankLtd.
NCC Bank Ltd.
One Bank Ltd
Premier Bank Ltd.
Pubali Bank Ltd.
Rupali Bank Ltd.
Standard Bank Ltd.
Bank Alfalah Ltd.
Basic Ballk Ltd.
Bank Asia Ltd.
Brac Banl Ltd.
Dheka
6tI68,54E,406 39,039,li/,2J97 6E568,54t,406 3E,E20,750,116
22Ii64,800,000 3,5E6rE2,mo 22,564100,1m0 3.586182,m0
5.01
s.02
I
Notes ParticularsRef,Note
Amount in TrksConsolidated Bank
2017 2016 2017 2015
l 5,720,000,000
46,983,623,907
5,719,781,941
145,142,558
I 1,E20,000,000
7,071,533,630
19,7U,0?3,928
36/.234,839
15,720,000,000
46,983,623,907
5,719,7E1,941
145,142,55t
r 1,820,000,000
7,071,513,630
19,784,073,92E
145,142,558
22,513,200,000
51,600,000
3,563,200,000
23,0t2,000
22.513,200,000
51,600,000
3,563200,m0
23,0E2,000
173200,000
150,000,000
80,000,000
600,000,000
173,200,000
1,450,000,000
550,000,0@
810,000,000
2,190,000,000
500,000,000
450,m0,000
150,000,000
750,000,000
500,000,000
500,000,000
990,000,000
2,000,000,000
1,500,000,000
t00,000,000
750,000,000
1,500,000,000
1,500,000,000
1,000,000p00
200,000,000
r73.200,000
1,450,000,000
550,000,000
810,000,000
2,190,000,000
500,000,000
450.000.000
150,000,000
750,000,000
500,000,000
s00,000,000
990,000,000
2,000,000,000
1,500,000,000
800.000,000
750,000,000
r,500,000,000
1,500,000,000
1,000,000,000
200,000,000
173,200,000
I 50,000,000
80,000,000
600,000,000
Sub
47
l,
Notes PerticulsrsRef.Note
Amount in TakeConsolidated Benk
2017 2016 2017 2016L
i
Non-Bank Financial Institutions
DBH
BFIC
DBH
Fareast Finance
First Finance Ltd.
FAS Finance
ICB
Lanka Bangla Finance
Intemational Leasing Company Limited
Midas Finance Ltd.
Midland Bank Ltd.
Phoenix Finance
People Leasing
Prime Finance and Investrnent Ltd.
Reliance Finance Ltd.
Premier Leasing
BD Finance Ltd.
Bay kasing & lnvestsnent Ltd.
CAPM Venture Capital Ltd.
GSP Finance and Investment Ltd.
Meridian Finance and Investment Ltd.
National Housing Finance Ltd.
National Finance and Invesunenl Ltd.
United Finance Ltd.
IPDC
IIDFC
Sub TotrlGrand Total
Outside Bangledesh
Kolkats & Shiliguri Branch of Sonali Bank Limited
Investments
Govemment Securities
Other Investrnents
Totsl
Government Securities (considered as SLR)Trcasury bills-PrimaryGovemment Notes/BondVother securitiesPrize BondICB Share
Debentures PublicReverse -Repo
Treesury Bills-primary28 days Treasury Bills9l days Treasury Bills1E2 days Treasury Bills364 days Trcasury Bills5 year Treasury Bitls30 days Bangladesh Bank Bill
Government Notes/Boods/other securities2 years Bangladesh Govemment treasury bond (BCTB)5 yeus Bangladesh Govemment treasury bond (BOTB)10 years Bangladesh Govt. Treasury Bond(BGTB)15 years Bangladesh Govt. Treasury Bond20 Years Government tressury bond
25 Years SPL treasury bondl-13 years Treasury Bond (BJMC)5-15 years BPC treasury Bond
4150,000,000 2,560,(m0,000 4250,000,(n0 2r560r(m0r(m
22,513,200,000 35631(x),000 22,s13r00,000 3s6:,r00,000
31,6m,000 23,082,000 51,600,000 2J,(ts2,q)0
462,9393tt,E2t 469,370$64,524 462,576,616,876 ffi,,81J,M,274
20,351,863,22392,931,469,341
9s,428,440,42136,058,788,719
32,882,010,040
5,354,200,000
46.364.700,000
144.140.000
26,162,027,697100,629,810,1 l3
8s,446,507,8E6
29,169,714,917
27,651,908,1t65,354,200,000
50.5 I 4,700,00027r.125.000
20,351,863,223
92.93r,469,34195,428,U0,42136,058,78t,719
32,882,010,040
5,354,200,000
46.364,700,000
144.140.000
26,162,027,697
100,629,810,1 l385,,{46,507,8t629,169,714,917
27,651,908,186s,354200,000
50,514,700,0@271,32s,000
5.02
1
6.00
6.01
6.01.01
6.01.02
6.01.03e As p€r
6.01
6.02
6.01.01
6.01.02
l-
l-
l
6.01.03 Investment in Government securiti* clrssified as per Bangladerh Bank's DOS circulsr No. 05 date 26 Msy 2fl)8 ond DOS circuhr No. (X; drte 2E Jrnuary 21109.
Held to Maturity (HTM)
Held for Trading ( HFT) 6.01.03a
7
ICB share has been kept out ofportfolio lnvesrnent and categorized as HFT compo{rent.
90,000,000
90,000,000
190,000,000
130.000.000
70,000,000
600,000,000
350,000,000
160,000,000
170,000,000
170,000,000
I 80,000,000
250,000,000
190,000,000
160,000,000
160,000,000
200,000,000
90.000.000
t0,000,000
90,000,000
I 50,000,000
120,000,000
230,000,000
l 80,000,000
150,000,000
90,000,000
40,000,000
130.000.000
130,000,000
70,000,000
600,000,000
50,000,000
180,000,000
90,000,000
2s0,000,000
170,000,000
200.000.000
80,000,000
180,000,000
160,000,000
140,000,000
90,000,000
90,000,000
190,000,000
130,000,000
70,000,000
6tn,000,000
350,000,000
t60,000,000
170,0@,000
170,000,000
180,000,000
250,000,000
190,000,000
160,000,000
160,000,m0
200,000,000
90,000,000
80,000,000
90,000,000
150,000,000
120,000,000
230,000,000
I E0,000,000
150,000,@0
90,000,000
40,000,000
130,000,000
130,000,@0
70,000,000
600,000,000
50,000,000
180,000,000
90,000,000
250,000,000
170,000,000
200,0@,000
80,m0,000
180,000,000
160,000,000
140,000,000
420.729.885.067
42.209.426.761
437,987,987,654
31,382,576,870
420,729,885,067
41,846,731,t09
437,9t7,9t7,654
30,893,31tJt20
90,234,425,173329,51s,611,7M
61,275,750913,424,500
5,147,900
fir,801222,02s325.2W,193,799
67.999.430913.424.5N
5,147,9N
n234,42s,r73329,515,611,7U
61,275,7509t3A24,500
5,147,900
111,E01,222,025
325,200,191,7967,999,430
913,424,5N5,147,900
31,999,r53,9r2E,994,291,01 r
4,841,470,10365,966,307,000
13,690,851,063
6,079,023,1781,006,442,932
69,458,108,000
31,999,153,912t,994,291,0114,8r'.1,470,103
65,966,307,000
13.690,851,063
6.079,023,1781,006,442,932
69,458,108,000
204,226,553,EE3
2l204,226,553,t83
216,442,055,434
190,457,07E,883
I
Det{ib in
48
Notes PerticulenRef.Note
2017 2016 2017 2016
E
6.02
6.02.0r
Other Invcrtuentr:Ordinary Share
Sonali Bank (UK) Limited
Debentures of private sectors
Security Deposil with Central Bank oflndiaInvestment in foreign currency
Private Bond
Sonali Polaris FT Ltd.
Sub-total
Oubide Benghdesh (Overrces Brancher)TotEl Other Investnents
Ordinery Sheres
Quoted-Fully peid-upordinary sharer
Unquoted-Fully paid-upordinary share
Sonali Investnent limited
Share Revaluation
6.02.01
6.02.02
42,050,r915E9
149231,172
31,opo,ffiatil291,9r2588
41,6nfi,6371492:n.172
30'60fr{06'032291Jr25$
42209,/,t;J6t 31Jr2S76.r70 $.&6.731409 3051331&620
Investuent in Sheres & Bond
Totrl l0rSector wise itrv€stuetrt
Lirted cccuritieg
Non-Listed Sccuriti€s
The unlisted investsnents are shown at cost because the fair value cannot be measured reliably
Detril Shown in AnnerureF
!
t0,Et2,747,699
3,24t,630,172
51,796,225
9,707,493
6,50t,064,000
21,340,000,000
26,2s0,000
10,973,723,729
r,246,3t6,194st,796,225
9,0E8,134
3,541,500,000
15,241,920,000
26,2s0,N0
10,520,o52,747
3,241,630,t72
51,796,225
9,707,493
6,508,064,000
21,340,m0,000
26.250.000
toAu,455AT)1,246,386.,t94
st,79622s9,088,134
3,541,500,000
15,241920,000
26250,m0
4,tr'.l,034,907
5,677,017,840
362,694,952
4,t07,345,439
5,677,120,040
489,25t,250
4,U3,0t4,907
5,677917,U0
4,r07,34s139
5,6n,n0,u0
10,E82.747,699 10,973.723,729
Prrtlculrn Numbcr ofCompenyMrrkct Price
2017Cort Price
2017 2016
Listed Securities
Non-Listed Securities
t912
4,154,033,63
5,677,017
4,U3,034,W
5,677,017,U0
4,8/J7,345,439
5,6n,,20,U0
Scctor Number ofCompenyMarket Price
2017
Coct Prlcc2017 2016
Bank and NBFI
Insurance Companies
Fuel and Power Co.
Manufacturing & Other
40
3
t2
35
2,3702r2,43s
16,809,433
433,670,019
r.333.341,776
2A9r2r8,5s65,103,753
625,790,542
1,660,922,046
3,015,648,3E6
100,t92,579
463,8t6,949
1226,987,525
Tot l 90 4,154,fi13,663 {.t43.UXJ06 4A07J.fs.439
Sector Number ofCompanyMerket Price
2017
Co.t Pricc
2017 20t6Bank and NBFIlv{anufacturingOthers
4.,
5
293,194,U010,337,900
5.373.4t5.900
293,194,Wr0337,900
5.373,485,900
40.s,694,U010,440,100
5.260.985.900
Tot l 11 5.677.017.840 3$77,O17,W 5.577.120.U0
6.92,O2 PriYrtebond(5YerN)
Prime Bank Ltd Bond
Easrcm Bank Bond
Bank Asia Boad
MTBL Bond
Jumuna Bank Bond
UCBL Bank Bond
SIBL Bank Bond
Standard Bank Bond
Onc BurkBond
IFIC Bank Bond
NBLBond
DBL Bond
TBL Bond
Southeast Bank Bond
AB Bank Bond
Premier Bank Bond
Pubali Bank Bond
The City Bank Bond
Dutch Bangla
EXIMBank
Not€r PerticulersRef.Note
Amount in Teke
Consolidated Brnh
2017 2016 2017 mrc
@5,000,000
500,000,000
500,000,000
I,125,000,000
1,000,000,000
1,000,000,000
500,000,000
Em,m0,000
1,000,000,000
l,(x)0,m0,000
Et,920,000
8E0,000,000
1,700,000,000
1,750,000,000
1,500,0m,0@
1,300,000,000
s00,000,000
500,0(x),0@
1,500,000,000
1,750,000,000
1,500,000,000
1,000,000,000
400,000,000
1,640,000,000
t,000,000,m0
1,m0,000,m0
800,000,000
1,450,m0,000
1,600,000,0@
1,400,000,000
1,300,000,000
1,000,000,000
500,000,000
1,000,000,000
1,m0,000,000
500,000,0@
500,000,000
1,500,000,000
1,750,000,000
1.500.000,000
1,000,000,000
400,000,000
1,640,000,000
1,000,0@,000
r,000,000,m0
800,000,000
1,450.000,000
1,600,000,000
1,400,000,000
1,300,000,000
1,000,000,000
500,000,000
1,000,000,000
1,000,000,000
500,000,000
60s,000,000
500,000,000
500,000,000
1,125,000,@0
1.000,000,000
1,000,000,000
500,000,000
800.000,000
r,000,000,000
1.000,000,000
il,920,000
8E0,000,000
1,700,000,000
1,750,000,000
1,500,000,000
1.300,000,000
National
49
Cotrso ideted
Not€! PerticulerrRef.Note
AEount iD TrlrCoosolidrtcd Brnlr
2017 2016 2017 2016
6.03
6,Ul.0l Strtutoryhv6tmentPortfolioHcld to Maturity GfTM)Held for Trading ( HFT)
6.03.(D Notr-St tutory hvc.tment Portfolio
Ordinary Share
Sonali Bank (JK) Limited
Debentures of private sectors
Security Deposit with Central Bank oflndia
lnvestnent in forcign currency
Private Bond
Sonali Polaris FT Ltd.
Outside Bangladesh (Overseas Brutches)
hize Bond
6.M Meturity grouping of Iny6tments as follows :
On demand
[,ess than three months
More than three months but less than one year
More than one year but less than five years
Above five years
7.00 Iarnr rnd rdvencel
Loans, cash credits and overdrafu '
Bills purchased and discounted
In Bangladesh
Ouside Bangladesh
7.02,01 In Benghderh
L,oan
Cash Credit
Overdraft
Portfolio l,oan to Investors
Bills purchased and discounrcd
7.U2.U2 Outride BrnglrderhLoanCash CreditOverdraftBills purchased and discounted
7.Ul larns, crsh credits rnd overdreft!
Loan
Cash Credit
Overdraft
Portfolio Loan to
Clrrrilicrtion of Statutory rnd NoB-3tatutory Inv€stmetrt
St8tutory Investnent Portfolio 6.03.0 I
Non-Statutory Investnent Portfolio 6.03.02
L
7.01 Msturity Grouping ofloanr and Advences (ercluding Bills purchased rnd discounted)
loans and advanc.es are rcpayable:
Repayable on demand
Not more than 3 months
More than 3 months but not more than I year
More than I year but not morc than 5 years
More than 5 years
7,02 Loans and Advances (In end outside Bangladesh) includiog bills purchssed and discounted
420,@fi9,317 4;t79t9,9,6424 420,668,6119J17 4:t7SI9J8/8J,2/
42270.702511 3l,4s0576Joo 4rJ0.0075s9 30J61J1&U,0
46,2.576,.616Ji16 46,9370s64524 46.2.51&6t68t6 45EJ61J!6J74
425.491.805397 3%.652.7@217 423r1835i1.943 3t453&1r&AlE
413,E54&6,571 377392,473205 411.5E1.11s.r23 3752nJ,n225
425276941.321 3A;,632:t00211 423118311.943 3t453&11t 38
a3J62?S,[OO 3U,777$49;777 421,103,670,522 3t2,663,O67,79E
413,E54,566,57E 377,
6.02.01
6.02.02
7.03
7.04
7.02.01
7.02.02
7.03.01
7.03.02
7.03.03
7.03.04
4
420,668,609,117 437,919,98t224420,668,609,317
42,270,702,s11
437,919,988,224
3t
204,226,553,tt3
216,442,055,434
190J57,078,8t3
247,462,W9,141
20/.226,s53,EEl
2t6l42ps5A34190,457,07E,r83
247,46,2,W9,341
10,8E2,747,699
3,241,630,t72
51,796,225
9,707,493
6,50t,064,000
21,340,000,000
26,250,000
149,231,t72
61,275,750
t0,973,721,729
1,246,3t6,194
51,796,225
9,088,134
3,541,500,000
15,241,920,000
262s0,000
291,912,58t
67,999130
10,520,052,747
3,241,630,172
51,796,225
9,707,493
6,50E,064,000
21,340,000,000
26,250,000
t49,231,172
61,275,750
t01u,465,479
1,246,386,194
51,796,225
9,0EE,134
3,541,500,000
15241,920,0N
26250,000
291,912,588
67,999A10
10,996,800,000
81,478,501,995
36,140,U7,67t
165,979,822,712
167,9E0,644,491
68,005,930
ll2,956,551,923
26,361,594,603
169.948,t65,185
r60,036,246,882
10,996,800,000
il,47E,501,995
36,140,U7,678
165,979,A2,712
167,980,64449t
68,005,930
tt2,9s6,s5t92l26361,594,60?
r69J5r,906,935
tfi936246,ttz
4 13,E54,566,57E
11,637,238,819
377,392,47320s
9,260,227912
4l1,sil,115,124
rr,637,238,8t9
375,277,891,226
9,2fi,227,012
3 l,t 86,t3 1,527
2,793,065466
163,07r,175,171
t9,917,062,916
126,886,431,497
16,032,E34,477
i,753,147,926
I 53,333,670, l5 I
98,613,671,519
97,5E9,149,062
31,1t6,E31,527
2,793965,46
160,?97,723,7t7
t9,9t7,062,916
126,t%,411,497
16,012,814,477
11.753,147,926
151,219,0t8,t72
9t,6E3,671,5E!)
97,st9,149,062
423,162,258,100
2,114,681,421
3U,77?fig,777
1,875,050,440
421,103s70,522
2,114,6t3,421
382,63967,798
1,875,050,440
357,949,gss,641
30,205,E34,6s2
22.937.72E,152
2.273.451,4s4
9,795,2t8,201
323,602,739,279
30,656,623,291
20,656,418,785
2,329,445,E5s
7,532,422,567
157,949,955,641
30,205,t34,652
23,t52,592,02t
9,795288201
321,@2,73927)
30,656,623291
20,87r282,661
7,532,422,567
7t6,2922,094,s33
t236s,t70727
2,094,53382,36s,170
6,qJ6,2403,23r,244
202,59s,319
66,906,240
3,231,2U202,595,319
323,66.s,525,571
30,658,717,824
20,953,647,831
.fr..
35E,0t6,E61,881
30,209,065,E96
23,355,t87,347
35E,016,861,t81
30,209,065,896
23,355,187,147
2,273,451,454
323,665,525,571
30,65E,717,824
20,73E,?83,955
2,329,445,855
50
411,5t1,115,124
Noter PerticuhnRef.Note
ADourt itr TrksCoosolideted Benk
2011 2016 2017 2016
7.03.0r
7.03.01.1 StrfILornStaff House Building loan
StaffLoan
7.m.(n
Eerd-wire Loonq Crrb Creditr end Overdrrfts:
Inride Brngladesh:
Iannr
Demand Loan
Small Loan
House Building Loan (General)
Stafflrsn
Special Small Loan Program
Ioon Under S.B Indusrisl Credit Schem{Project)
Loan undcrExrcmal Credit Program
Working Capital o Ldustries. (Hypo)
Working Capital to Industies.( Pledge)
Sonali credit
Loan unde/SB Agro Based Industrial Cr.Scheme
Working Capital to AgIo based Ind. (Hypo)
Working Capial to Agro based Ind..( Pledge)
Agricultural Lnan
Micro Credit (SFL Scheme plus RSTL Scheme)
loan under Imported Merchandise(LM)
l,oan agninst Trust ReceiPt
Forced Ioan agpinst Back to Back UC
Loan for UC under WES.
Loan against Inland Bills
Cunent Account Baner (Debit Balance)
Bridge Finance
Small Business lnan
Lrase Finance
Personal lnan
Term Loatr !o Frecdom Fighter
Education loan
Foreign Education Loan Program
SME Financ{Term loan to Sewice)
SME Finance(Term Loan lndustries)
SME Finance (Working Capital to Ind.Ser.Tre.)
Special Inan - Adv8nc€ rent (lnterest Bearing)
Term Loen to Banks & MFIs
Outside Banglrd6h:
Loen
Demand loan
Small Loan
House Building loan
Totel Loaus
7.03.01.1
357,949,955,641 323,6O2,n9A79 357949,955$41 323,fi2,739?79
6,906,240 62,7t5292 6:9M?44) 62JUan
35E,016,t51,Et1 323,66/5$23,571 35t.016J61,tt1 321ffi525571
61,087,913,9t2 37,t22,t33$73 61,S7,913pA2 37822,133,673
30rut,E34,652 30,6fi,6232,91 30r05,E34,652 :J/0ffi623,291
3,231244 2,094,533 ,ast?,u 2,Og4rS33
30,209,065,896 30,65q717,E24 3OJ09,065'696 30,65&,17,824
23,t52,592,02t 20,656,41t,7E5 21,152,s9292t 20,t71282,61
20,6544rq7E5 23,152,592'fi2E 2018,IAE\61
Cesh Credits:
In Brnglrderh
Cash Credit General (Hypo)
Cash Credit General (Pledge)
Packing Cosh Credit
Outride Bangladesh:
Cesh Credit
Total Cash Credit
Overdrefts etc.:
Overdraft Loan (In Bangladesh)
Ovedraft loan (Ouside
Tot l Overdrsfts etc.
335,9t0,770
3tt,983,239
5E3,960,723
61,087,913,9t2
t7s,010,2t2
37,568,156,765
90,352,639
30,876,904,.140
2,680,461,836
l 15,330,087
13,607,1tt,E44
9,635,4t3,434
7.605,375,442
44,620,102,386
l2,l 8t,814,665
2,307,322A63
35,536,818,039
24,565,140,359
136,339
t09,756,646
932,606,463
2,808,s2s,428
t,460,416,597
94,466,Mt
36,t76,7U,935
10,934,082,503
24,260,E56
932,737
572,526,t26
33E,909,394
t8,2?0,066,278
u,254,196
1,500,000,000
3,1E4,326,060
229,661,353
769,746,090
s7,t22,153,673
20s,336,63
33,12E,22s,39t
201,u8,242
29,2E2,24,216
2,11t,270,172
1t5,207,354
Il.II8,091,269
I 1,695,180,752
6,721,067,72r
41,t09,81l,99l
t2,21E,4t7,972
2,022,337,034
28,250,019,196
24.415.834,572
136,339
3,4U,459,323
932,606,463
2,624,494,329
t,r52,154,430
t4E,9tE,247
22,891,U7,r09
9,2EE,747,494
201,8t2,743
8,097,930
576,537,950
280195,&3
16,305,65 t,791
335,9t0,770
388,983,239
583,960,723
61,087,9138r2
t759302E2
37,56t,156J65
90,352,639
30,t76,9(X,440
2,6E0,461,836
l 15,330,087
13,607,188,t44
9,63s483,434
7,605,375,442
44,620,102,3%
l2,t 8t,E14,665
2,307,322,463
35,536,818,039
24,565,140,359
136,339
t09,756,646
932,ffi,463
2,80t,525,42E
t,4&,416,597
94,466,M8
36,176,7U,935
10,934,0E2,503
2426O,E56
932,737
572,526,U6
33t,909,394
18,270,W,27E
u,254,196
1,500,000,000
3,tu,326,060
229,661,353
769,746,0n
57,822,tst,673
205,336,463
33,328,22s,tgE
20r,u8,242
292t2244,2t6
2,318270,172
115207,354
r 1,1 18,091269
11,695,180,?52
6,721,67,721
4l,t(D,811,991
t2,2tt,4t?,972
2,022,337,014
2r2s0pl9,l96
24{ts,tt4,s72136,339
3,4U,459,323
932,606,46t
2,624,494,129
1,152,154,430
148,9tt,247
22,t91,U7,109
928t,747494
201,t12,743
E,@7930
576,537950
280,495,@3
16,305,651,791
40,5 I t,205
26,388,035
3?,931,E52
24,E52,440
40,518205
26,3Et,035
17,933.852
24,t52,40
s7,17t,?90,0s6
3,909,121,926
54,564,14t,883
3,25t,004,790
57,178,7N,056
3,9@,123,926
54,564,14E,883
325t,W4,790
9,715,514,560
15,E14,334,t60
4,675,9ts,232
r4,r22,343,775
l't,E?6,t]t,427
4,657A41,0t9
9,715,514,5@
15,814,334,E60
4,675,9t5212
14,122,341:t75
11,t76,8t8t27
4,657141,0E9
7.03.03
5l
202,595119 70 2@595Jr9
Notes PerticubnRef.Note
Amount in TrkrConrolidrted Brnt
2017 2016 2011 20t6
7.Ul.(N Portfoliolanntoltrv€stof!
Opening balance
Add: Charged apply during the year
Add: Loan disbursed during the year
[.ess: Loan recovered during the year
Totrl Portfolio Lorn to ltrveston
7.M Billr Purchrrcd rnd Discountcd (ercluding tre$ury bilk)
Payable inside Bangladesh
Payable ouside Bangladesh
7.04.01 Bill Discouoted rnd Purchrsed
In Banglrderh
Payment against Documents (PAD)
Inland Bills Purchascd
Oubide Bengledesh
Bill Purchascd Negotiated (Documents)
Foreign Bills Purchased/Negotiated (Clean)
Forcign Bills Purchased/Negotiated (Documents)
7.44.02 Mrturlty grouping bills purchased and discounted
Billr purchrsed and dircounted
Not more than I Month
More than I month but not morc than 3 Months
More than 3 months but not more than 6 Months
More than 6 Months
7.05 Net Performing lorns end sdvrnce! / lnv€stments
Gross loans and advances / investmenls
Non-performing loans and advances / investnents
7.06 Loens and edvrncs / Irvetmetrt! on the basis ofsignificsntconcentmtion crcluding bilb purchased and discounted
Advsnces to allied conccms ofdirectors
Advanccs to ChiefExecutive and other Senior Executives
Advances to the Customers Group (Amounting more than l0 7o of bank's total Cspital)
other customers
Advmce to St&ff
from classified and written-off loans.
2273,431,4y 2)29445,E53
11,637J38,819 9,2@?27,4n 11,637r38,tr9 92@,227,012
9r95,288r01 7,532,422,fi7 9,795rtt 20r 7,$2An,X7
I,t4l,9$,61t 1,727W,445 lrE4rp50,61E t;127.f04445
ll,637r3E,El9 9,2@427,012 11,637r3EO19 92fi227,,0r2
276.1E9.&33n 277,s31i37217 273J1s.953J43 2754,,3255),fi
7,56t9t7
19t,647,023,537
l5 I,E3E,60t,618
61,087,9139r2
ut74:126
199,668,750,000
lL7,772,512,t27
57,822,153,671
411i5t1,1 15,124 375277$91226
j.gl Number ofclientr, with tmount ofoutrtending end classitied lornr to whom lmnc end advsnc{s !.nctioned [ore thrD l0% oflobl cepitel
Disclosures on Large loan i.e. Loan sanctioned to any individual or enterprise or any organization ofa group amounting to l0% or more ofthe
Bank's total capital and clmsified amount therein and measures taken for recovery ofsuch loan have been furnished as under.
No.of Client
TotBl Cspital
l0olo oftotal cspitsl
Meesure trken for recovery ofClersified Loan
Bank as a whole takes following steps to recover its classified loans and advances
a) Sending letters and remind to oustomers.
b) Recovery cell including top mansgement level holds discussion wilh the clients to recover the loans.
c) Maintain special recovery arrangement though loan fair, client gathering, recovery campoign etc.
d) kgal proceedings and
e) Providing incentives to
2,329,M5,85s
96,744,271
I,066,566,355
(1,2t9,305,027)
2,402,692,111
34,4t4,630
650,994,6s4
(7s8,725,s40)
9,795,2tt,201
I,M1,950,618
7,s32A22,567
1,727,80/.,44s
9,7952t8201
I,841,95051E
7,532122,s67
t,727,804.14s
7,456,09r,363
2,339,196,t3E
5,173,t48,180
2,158,574,3t7
7,456,091363
2,339,196,r3r
5,173,E48,180
2)5t,574,187
177,340,U3
u,937,757
1,599,672,01E
75,6E6,568
67,471,63t
1,5w,646,239
177,340,U3
64,937,757
1,599,672,0tt
75,686,56r
67171,638
t,su,ffi239
3997,4t6,914
1,533,756,633
657,465,s47
5,44E,529,725
6,629,580,316
I,t90,99t,397
523,494,28r
2 16,1 54,0 t 8
3,997,4t6914
1,533,756,633
657t65,547
sA48,529,72s
6,629,5t0,316
1,890,98397
521,494,2E1
216,154,01E
423,21t35t,943
l3 l3
6,6t7-t8, s44
46G47,6t3,7U,914
4,768,37t,491
quick
52
425.491,t05,397 | lgo,osz,loo,ztt I
( 14e.302.400.000t I t ros. t l4,t63,000)l
384,53E,1 1t238
009.1 14.163.000)
E
7.07(a)During thc year 201?, thcre are largc amount of outstanding and chssified loens, to whom lorns and rdvrnceg glnctioncd morc thrn l07o of total
capltel ofthe bank
Sumnrry ofBorrower ere rhown below :
7.07(b) Dctlib rbout the Group/ Single Borrower Amount in Tekrzol7
l
Nene of the Borrower Oubtrtrdinq rEount Clessified emouot Clersiliertion chtuc 7. ofTotrl Loen
Bcximco GroupHall Mark GroupT & Brothers GroupThermex GroupBiman Bangladesh Air LinesBanglsdcsh Petoleum Corporation
Rurat Electrifi cation Board
Bangladesh Sugar & Food Ind.Cor.Bsfic
Directorate General Defense Pwchase
Bangladesh Chemical Industries Corp.
ln. e.o. c.lDimtor General Of Food
Inancladesh Power Develoomenr Board
13,3 17,138,430
25,066,1 15,093
7,089,6tt,0897,875,755,2784,934,t99,6916,623,869,500
10,6tE,t00,00012,616,t53,12113,088,000,001
15,923,079,463
16,284,409,870
21,648,700,000
43.490.415.001
t3,29t,522,41017,082,247,093
4,963,474,0t97,721,355,278
UC, DF.BLUC,BL,BLW
UC.BLUC,SMA
UCUCUCUCUCUC
UC, SMAUCUC
3.15
5.93
l.6tl.t6l.l71.57
2.53
2.9t3.103.77
3.85
5.12
10.29
l
-
A.
Nrme of the Borrower Funded Loan Non Funded lann Totrl Ir.n Strtur of llrn
Group BorrowcrBerimco Group
Beximco Ltd. t2,307,802,231
E53,708,19E
132,42E,000
23,200,000 12,311,002,231
853,708,198
132,428,000
UC=232@,000BL 12,307,t02,231DF=24,54E,056,
BL=ng,t@,142DF=137,012,fiX)
lvi/s Beximco Synthetics Ltd.
lWs Beximco Fashions Limited
Erll MerkGrouplv1/S Hdl Mark Fashion
Limircd
Iv{/S Max Spinning Mills
IWS Anowara Spinning Mills
lv{/s Wall-Mart Fashion Limited
lvlls Islam Fashion Ltd
lws Don Apparels Ltd
lvl/s Farhan Fashion Ltd
lvl/s Mahmud Apparels Ltd
lv{/s Hall Mrrk Spinning Mills Ltd
lvd/s Hall Mark Design Wear Limited
lvfls Boby Fashion Ltd
lvl/s Hall Mark Denim Composite Ltd
lvl/s Boby Flatbed Printing Ltd
lvt/s Hall Mark Accessories Ltd
lWs Hall Mark Style Ltd
lvl/s Boby Denim Composite Ltd
lvI/s Perfect Embroidery Ltd
lv1/s Hall Mart Ituit Compositc Ltd
Ir/Vs Jishan Ktrit Composirc Ltd
lvl/s Hall Mark Knitting & Dyeing Ltd
Ws Hall Mark Packaging Ltd
T & Brothers Group
NI/s T & Brodrer Knit Composite Ltd
lvl/s ExpcrTake Ltd
Ws Dress Me Fashions Ltd
LNS Accessories
Thermer GroupThcrmax Check Fabrics Ltd.
Indigo Spinning Ltd.
Ws Thermax Melange Spinning Mills Ltd.
Thermax Knit Yam Ltd
Thermax Spinning
1329t93E,429 23r(n.0m 13317.13&429
I
3,393,368,102
5,256,000,000
4,743,70f,000
1,700,300,000
2,600,000
724223,527
398,600,000
4,0102r2,000
I,182,064,000
E94,787,000
842,527,000
791,176,000
1,0(x),000
192,102,000
7173,5E01102
5,256,000,000
4,743,700,000
1,700,300,000
l, I 82,064,000
t94.787,000
t45,t27,000
791,176,m
72s223,s27
590,702,000
238,215,E34
12t,900,000
I t4,132,tE5
82,700,0(x)
71,100,000
57,400,000
46,300,000
44200,000
42,000,000
29,400,000
9,tM,745
uc 4p80,2l2,oooBL 3,393,368,102
BLW=52,550,0CX)
BLW={,743,700,000
UC=1,700,300,000
UC=1,182,064,0q)
UC=t94,7t7,000
UC=842,527,000,BL-2,500,000
ucE791,176,000
UC=1,000,m0,81i724,223,527UC=192,102,000,81F39t,600,000
BL=5,500,00O,
BLW=232,71s,834
BLW=12E,900,(D0
BL=l 14,132,EE5
BL=t2,700,000
BLW=71,I(X),fiX)
BLW=57,400,000
BLF{6,300,0q)
BLw=44200,000
81F42,000,000
BLW=29,4(X),000
BLW=9,106,745
UC=1,6t0,41t,000,BL=22s32t7274Bl,=1,755520,000
uGs15,796,000,BL-820,216,E15BlF133,350,000
SMA=2,711,199,502
UC=47,m0,000,sMA:2,258,035,699
UC=57,200,0@,SMA=1,326,626,949
UC=50,200,000,SMS=1,045,693,12E
238,215,t34
12t.900,000
l l4,l 32,885
t2,700,000
71,100,000
57,400,000
46,300,000
44200,000
42,000,00rr
29,400,000
9,106,745
17,082,247,W3 25,066,115,1D3
2,2s3,2t7,274
1,756,620,000
820,2 16,8 l 5
2,71r,199,502
2,258,035,699
1,326,626,949
1,04s,693,128
1,610,418,000
5 l 5,796,000
47,000,000
57,200,000
50,200,000
3,t63,70s274
1,7s6,620,0N
1,336,012,il5
2,?11,199,502
2,305,035,699
1,3t3,826,949
I,095,893,12t
Yun tJJ
ttSub Tot l
53
7,
B. Single BorrowerBiman Bangladesh Air Lines
Bangladesh Petoleum Corporation
Rural Elecrification Bosrd
Bangladesh Sugar & Food lndCor.BsficDirectorat€ G€ner8l Defense Purchase
Bangladesh Chemical Industries Corp.
Director General Of Food
Bangladesh Power Development Board
Subtotsl
GrrDd Totrl (A+B)
Rcrtructur€d Ifltr
In Bengladesh
Urbsn
Rural
Sub Totsl
Chittrgong GM'r Ollice
ChittagongNorth
Chitagong South
Rangamati
Bandarbon
Cox's Bazar
Patiya
Sub Totrl
Comilh GM'r Oflice
Brahmanbaria
Chadpur
Comilla
Feni
Noakhali
Laxmipur
Sub Total
4,920,999,69r
12,6t6,853,121
13,09E,579,463
I 1,555,309,870
13,9@,000
6,623,E69,500
10,68t,100,000
13,088,000,001
2,824,s00,000
4,934,E99,691
6,623,%9,5N10,6rr,100,00012,616,E53,121
t3,0tt,000,00115,923,079,463
UC=4,934,899,691
ucd,623,859,s00uc=1q688,100,000UC=12,616,853,121
uc=13,088,000,001
UC=15,Y23,079,463
uc=14,420,8t6,836,SMA=1,455,171,660,
sS=397,351,374
uG21,648,700,000UC={3,490,415,001
4,729,100,0N 16,2u,409,t70
21,64t,700,000 21,648,700,000
7.Vt.Ot
B.A. D. C.
8sts2.757.034.00 I r9&547-tvIl-$6.00
In line with BRpD circular No.04D015, Bangladesh Bank allowed the Bank through vide letter no. BRPD(P-ly66l/13(Chay20155468; dated: 30/082015
and BRpD(p- l /661/l 3(Cha)D01 5-562 I ; dated 3On7 nO$ respectively to restructure the loans and advances of borrowers named lv{/s Beximco Limited and
lWs Modem Steel Mills Limited. The details are mentioned below:
7.0E Geogrephicel Arcr-wire Iarns and Advences
7.08.01
t2w
Oubide Banghderh
Overseas
Totrl l2tt
Eead office is includcd in Urben
In Banghdoh (GM'c office & Diltrict wise)
Brrirel GM'r Ofiicc Nr"f 8."""h*Barisal 36
Patuakhali 19
Bhola l0
Pirojpur
subTotrl 73
422,76/i.2m2vt 3t4J15,1E1675
450,073,646 222,932,561
No.of Brrnche!
743
466
24
20
35
t7
2E
7.0E.02
2
99.E94
0.106
vt.942
0.05E
4232 3E4,53t,[Ep3E 100 t(n
7.0t 01
i
r,411,297,661
3,133,501,520
93E,364,95t
1,402,603,502
4,123,286,611
3,034,908,799
E73,t31,165
I,17t,550,E25
0.333
0.740
0.222
0.331
1.072
0.7E9
o.227
0.306
6,ld;t)5,767,41 9210,577,M 1.627 2395
27
27
23
17,603,139,634
1,s63,874,374
I,544,037,097
819,904,844
2,124,660,567
747,363,535
t3,t0E,657,907
1,7t0,E93,199
2,199,954,711
702,64s,170
2,057,541,516
989,979,308
4.159
0.370
0.365
0.194
0.502
0.tn
3.591
0.463
0.572
0.183
0.535
0.257
7
t0
l3
107 24,402pE0,051 2153967rnl1 3.76 5.601
2,381,900,024
t,926,797,923
1,s39,324,498
1,590,959,340
3,331,362,365
2,031,756,343
2,169,00330s
1.735,000,603
4,902,864,623
I,5 I s,055,149
3,191,?42,703
I,t9,185,316
0.563
0.455
0.364
0.376
0.7t7
0.4E0
0.564
0.451
1.275
0.394
0.t30
Nrme ofthe Borrower R6tructurcd Amount Pelmcnt Tenurc
l. Berimco Linited(i) Demand Loan(ii) Term Loan
Sub Totrl
3,729,200,W7.024.900.000
6 years for demand loan and 12 years forterm loan along with I year moratorium
period
10.754.100,000
(i) Demand Loan
(ii) Term Loan
Sub Totel
2,3 t4,900,000
437,800,000
2,732,700,N0
Grend Totel 13,505p00,m0
Amount in Trh t/o of Totrl Iann
2017 2016 2017 2016
329901,324,307
93,766,955,990
301,133,t30,929
E3,1E1,354,7,16
77.74
22.16
7t.31
21.63
54
12,t02,100,493 ,7y) 3.(n5
i-
Amount in Teka % ofTobl Lo.n
20t7 2016 2017 2015
t25
23
17
l9
20
2r5
l-
Dhaka GM'c Ofiic!
Dhaka Corp.
Gazipur
Munshiganj
Narayanganj
Narsingdi
Manikgpnj
Sub Totr!
Frridpur GM't OlftceChuadanga
Faridpur
Kushtia
Madaripur
Gopalgonj
Rajbad
Sub TotelKhulna GM'r Office
Jessore
Jhenaidah
Khulna
Satkhira
Bagerh8t
Narail
Sub TotrlMymensingh GM's OlficeJamalpur
Kishoregonj
Mymensingh
Tangail
Netrokona
Sherpur
Sub Totsl
Rajshehi GM'r 0llice
Bogra
Naogaon
Pabna
Rajshahi
Sinjganj
Chapai Nawabganj
Joypurhat
Natore
Sub Totrl
Rrngpur GM'r Offtcc
Dinajpur
Gaibsndha
Kurigram
R ngpur
Thakurgaon
Nilphamari
Sub Totsl
Sylhet GM'r Ofiice
Moulvibazar
Sylhet
Habiglnj
Sunamganj
Sub Totrl
207,903,205,206
2gos,671,587
1,542,937,066
10,717,720,292
2,677,431,885
t,314,117,771
I 89,946,061,302
2,500,utJE5
1.53r,253,937
2,785,194,662
2,458,2U,523
t,203,554,683
49.124
0.687
0.365
2.532
0.633
0.31I
49.396
0.650
0.39t
0.724
0.639
0.3t3
22?,061,0&t,E07 2m,424)n,5y2 fI.65l 52.121
i
l92311
t712
12
l0s
35
23
23
l7t4
123
t9t725
30
l49
r14
32
l9
IE
23
2t
E
8
l3
t42
1,774180,617
7,369,221,868
91,t33,9E7
t,r74,633,714
1,01 1,934,058
2,444,t87,323
5,090,4il,3793,53 1,10 1,052
1,792,650,279
E49,135,083
0.419
r.741
0.022
0.27t0.239
0.251
0.636
1.324
0.918
0.M0.221
0.265
i-
i
l-
14,727,572;749 2.950 3.&r0
4,t3s,455,221
9,394,254,238
25,209,340,254
1,737,480,071
1,775,236,719
3,663,80E,747
5,063,600,041
24,817,16E,863
t,700,13t,086
1,469,987,539
0.977
2.220
5.95?
0.41I0.419
0.343
0.953
1.3t76.454
0.u20.3E2
0.326
t-
I
6,709,758,93 I
2,344,931,057
5,239,674,277
4,062,323,U3
3,739,731,902
5,979,2@,557
1,931,933,74s
4,682,E29,ttt3,783,692,072
3,516,772,3t5
L5t50.554
r.23t0.960
0.8t40.612
L555
0.502
1.218
0.984
0.915
0.596
22,1t7,.l{&616 5.E33 a770
!
I
I
5,47t,582,6t5
2,646,710,755
2,613,62t,406
6,484,774,795
2,753,E78,335
I,496, I 50,388
2,915,859,616
4,914,s50,667
4,912,87t,66
2,190,923,461
2,37s,%82q)
5.820.134,043
2,129,445,314
r,384,629,213
2,545,112,14t
4,412,E78,36)
1.295
0.625
0.618
r.532
0.651
0.354
0.6t9
1.161
1.278
0.570
0.6tt
1.514
0.554
0.360
0.62
Ll4t
29J,U,135,647 25.i772,1lJ/,,53E GgA 6-702
32
l6
l5
l9
2t
l0
113
6,790,665,801
5,t65,437,928
3,E20,067,939
6,t53,947,444
8.300,4t7,007
6,30s,669,t86
5,377,776,856
3,2E1,707,902
6,2@,652,542
7,391,t32,5U
2,789,543537
1.605
1.386
0.903
1.619
1.961
0.775
1.640
1.399
0.853
1.62E
1.922
o.725
3l &24t &t6E
22
32
l3
t2
19
I'fD
2
nn
@-'
t,4il,526,03E
2,00E,506,416
1,251,369,765
1.806,82E,586
t,!74,120,115
1,676,tt7,852
1,096,369,E39
1,5r9,332,670
0.346
0.475
0.296
0.427
0.357
0.436
0.2t5
0.395
6,$rr30,E05 3,ffi:7r0A76 l.tl3 t.{t4
Totel
7.0t.02 OutrideBrngladesh
Kolkrte & Siliguri0.106
Total Loenr & Advrnces
Heed ollice is included in Number Ilans & Advrnces
55
10326 9.n4
100 lm
4*,V13,ffi 222932,ffi
100
otxtE
)t tDhaka
7.0&03
7.V9
A.
Divisionrl Oflice wise
In Bargledesb
Dhaka-l
Dhska-2
Badsal
chittagong
Comilla
Faridpur
Khulna
Mymensing
Rajshahi
Rangpur
Sylhet
No.of Brenches
ll996
75
t07
136
105
t23
ll4142
ll379
t2g9
)tzll
184,247,665,t31
42,t13,417,976
6,885,767,641
24,402,9t0,05t
12,802,100,493
12.4t3,696,t99
43,703,525,s32
24,684,E76,362
29.304,t3s,U7
34,908,tt3,060
6,531230,805
I 5E,504,806,989
41,919,590,602
9,2t0,577,400
21,539,671,81 I
15,412,35t,799
14.727,572,749
37,967,437,287
22,t87,14E,616
2s,772,134,538
31,407,1E3107
5,666,71O,476
43.53
lo.t21.63
5.77
3.02
2.95
10.33
5.E3
6.92
t.25
r.54
41.22
10.90
2.q5.60
4.01
3.t3
9.E7
5.77
6.70
8.17
1.4?
:
!
Oubftle Broghdesh
Kolkata & Siliguri
Total
Shndrrd & SMA
i) HF, LP and Resructured Loans
ii) CF (Other than I{F & LP)
iii) Agri & Micro
iv) Small Medium Enterprix Financing
Othen
Sub Total
Detrib of Provision required rnd held for loans and edvances:
Required Provision for loens rnd rdvrnces:
42216/E?'m,2y7 3t4r315,1t5,675 9939 99.94
450,073,646 222,932,563 0.12 0.06
423,2rE353,94t 3E4.5:lE.1rE23E 100 100
41,034,4E5.i9t;2 425*929,142
tt,E64,2E6,982
2,7t8,700,000
39,2EU29,142
32s7,500,000
41,652,9t6,9t2 42538929,142
61t,500.000
61t5n000
Amount in Trka
6{.62"/t 71.37V. 273,#J[{an 27s20i0322$75
33.28Y. 2EJE% l49J(D"100'm0 109,114p53,1m
0.llY" o.6% 450,073,U6 222.932.s63
100.00% 100.00% 423J1&353.943 3t4.$&r1&2:lE
Bare for provision2017
R.re (%)Requircd Provirion
2017 mt6
7q200,0m
For Classified loanFor Loan against which writ has been filed
For Unclassified Loan
B, Provirion Mede for lornl rnd edvrnccs:
For Classified loan including writ
For Unclassified Loan
C. Provicion Surplus(Deficit) (A-BI
For Classified Loan including writ
For Unclassified loan
7.lD.0t Clmsilicrtion of advenca es per Benghdcsh Bank circuler
Unchuified
Standard including staff loan
Spccial Mention Account (SMA)
Clessifi€d
Substandard
Doubtful
Bad / lnss
Overseas branches
I
fJ
I ?,10 Prrticuhn of required provision for loens and ldvances / investmenB
AStrtus
General provirion
7. l0a
B Spocitic provitiotr Status
Substrndardi) Short term Micro Credit
ii) Others
Doubtful
i) Short t€rm Micro Credit
ii) Others
Bad / L,os!
C For Iann rgrinlt which writ hm
7. l0b
Amount in Takr '/o ofTotel Loen
2017 2016 2017 mt6
Amount in Trb2017 2016
35,439,686,982
3,424,600,000
2.170,200,000
35,t56,E29,142
3,424,600,000
325?,500,000
o/o of Totrl I,rnc20162016 20t12017
2$2812ss,67564.05o/o
7.52%
265,105,tt029762.640/o
1.98o/o
2.32o/o
1.740/o
31.22%
3.53o/o
2.060/o
22.79o/o
9,il6,600,000
7,344,400,M
132,141,400,000
t3,567,70,000
7,902,794,W
87,@4,299,N0
2,079,2t2,t10
13,566,463,1 l319.u2,906,62E
I 1,588,653,478
92,524,6E8,875
2.00o/o
5.No/o
2.500/o
0.25o/o
1.000/o
41,5t5,656
678,323,156
496972,6628,971,634
92526,Et9
62,420,641
t,0tt,t72,t7r744,61 1,883
431t6,820
1,38t,80t2E5
Bese for provision
20t7kte(%) Required Pmvirion
2017
Rcquircd Provirionmfi
1,808,291,084
3,799,812,193
1,304,699,974
2.522.414,s32
33,262,867,72s
5.000/
20.00o/o
5.000/o
50.0070
100.00%
90,414,554
759,962,439
6s234,99t,261,207266
33,262,867,725
91,478,n7
768,907,562
6,@2,U6t,276,0522t2
33,654,387,675
Total Required Provirion for
7.1 0c
56
35,439,6E6pt2 35,E56,t29,142
v
7.10r In response ro Bank requesl dated 3l January 201E, Bangladesh Bank weaved the Bank 0uough vide no BRPD (BFIS) 661/l4B(P)2018'l6ll datcd 28 Febuary 20lE to
maintain additional required provision against unclassified and classified loans & advances including writ for the year 2017.
Accordingly Bank has calculated the required provision against unclassified and classified loans & advances including writ adjusting the given fo6earancc and kep the
required provision accordingly.
?.10b In response to Bank appeal, Bangladesh Bank allowed the Bank through vide no-BRPD (BFIS)661/l4B(Py20l6-1221 dated l7 February 2016 to mect the 3(P/o ofadditionalrequiredprovisionagainstCLin 2015andrestT0Toinnext twoyearsi.e.35%in2016andbalance35%in2017.Lastly, asperBankrequestdat€d3lJanuary
201t, Bangladesh Bank weaved the Bank through vide no- BRPD (BFIS) 661/l4B(P)201E-l6l I dated 2t Febuary 2018 to maintain additional required provision apinst
unclassified and classified loans & advances including writ for the year 2017.
Accordingly Bank has calculated the required provision against unclassified and classified loans & advances including writ adjusting the givcn foltearancc and ketr thc
required provision accordingly.
7.1(h In response to Bank request, Bangladesh Bank allowed the Bank tfuough vide letter no-BRPD (P-ly66l/Bn0l5-1833 &ted 09 March 2015 to mahtrin Fovisionagainst Writ llosn -2@/o in 2014, 4V/o in 2015 and rest 40o/o in 2016 as aflixed in 2014. Accordingly, Bank had kep the required provision a9inst Writ in 2014. On
Bank's appeal, BB reconsider the earlier decision and through vide letter neBRPD @FIS)I661/l4B(Py20lGl221 datett 17 Febnrary 2016 allowed the Buk to mrintrin
the rest ofthe amount ofprovision against Writ lran (SOo/o) of20la equatly in 3 consecutive yearc i.e. 26.6?0/o in each year of2015, 2016 and 2017 respectivcly' Along
with tlrat, ttuough vide no-DBI-2(OU: Bil/3(p)2016-17 51 dated 27 April 2016, BB permitted the Bank to k*p 20o/o it 2015, 4oo/o in 2016 and rest 407o in 2017 ofadditional amount ofprovision agsinst Writ that has been calculated in 2015 over 2014. L^astly, as per Bank request dated 31 January 2018, Bangladesh BanL weavcd the
Bank through vide no- BRpD (BFIS) 661/l4B(p)2olt-l6l I dated 2t Febuary 2018 to maintain additional required provision ag8inst unclassified and classified loans &advances including writ for the year 2017.
Bank has kep the re4uired provision against Writ accordingly
7.11 Industry-Wire Segment ofL,oan rnd advances Amount in TeleBrnk
2017 2016
1I35200,m0
932,600,000
20,742,700,0@
t,62t,100,000
34,764,200,0N
34,804,954,000
50917,180,000
10,t7E,181,000
37,349I10,000
33,307,372,W0
3,694243,N
3,382,140,000
471,894,000
8,607,175,000
67,367,N0
t,950,577,000
753,430,000
1,1E9,605,000
141,940,0q)
6,402,890,000
719,289,000
7,969,539,000
2,000,000
3,865,764,000
1,971,816,000
135,039,000
155,133,74t,943
lAl7,6Tt,W932,600,000
30,705,t65,000
5t7,441,000
23,849,r39,000
34,7U,446,0N
52,42E,113,000
13,8t0,439,000
35,906,5t1,000
33,E41,023,000
4,1 14,873,000
2987,796,W
326,466.,0N
8,498,8s0,000
13t200,000
690,537,0q)
t31,0tt,000
1,099,561,000
68,841,000
3,520,604,000
624,9t2,0N
6,35 1,240,000
1,97,000
2,E85255,000
1,753,37t,000
139213,000
122,t9t,E932t8
423r1E353p{' 3t153Etllt23t
422, 3t{p11r85,675
Overseas Branches
TOTAL
4fi.W3.ffi 222J.32.#l.123118333-943 lnr-{!m-rrn^2!t8
7.l2.Ol Governmcnt
i
i
E
Govt.ofBD Food (Salt +Ricc)
Barter Accounts
Sugnr mill
Food Procurernent
Mohinagonj Govt.food collect bill
Rural Credit & Agn. Loan
Trading
Forcign Exchange (LTR/LIM/PAD/FBPN, etc)
Garments (Force lnan, PCC, etc)
Textile
Fish Processing
Cold Storage
House Building (General)
Jute
Cement
Tannery
Bricks & Tiles
Engineering
Cottage Indusries
Food Ststr
Pharma (ChemicaVPlastic)
Iron & Steel
Tobacco & Beverage
Paper Products/Printing Packaging
Glass & Ceramic
Aluminum & Other Metals
Olhers (ODrBikalpo/Bridge FinancingilT, BPC/BSEC/
BIMC/BCIC/BTMC/FDC/BSCIC, Overseas Branches etc.)
TOTAL
7.12 Sector wire Loens and Advances
GovemmentOther Public (Semi Govt.Autonomous)
Pnvate
UnclarsilicdStandard
SMASub totrl
Classilied
Sub standard
Doubtful
3,189,5tt,000 58713s,00G
3,rt9,5Et 0(n 5t7,,{3$m
II
", I ;--.
2,957,7lt,00054,555,004,000
326-W2-463-675
s,55?,3t8,00063,926,632,000
3532U.2602vt
57
23702t3.0002,367,t00,000
7.12.02
7.12.03
7.12,U
(Xher Public
Uncle*ritied
Standard
SMA
Sub totrl
Cl8$itiedSub standsrd
Doubtful
Bad/Loss
Sub totrl
Totel
PrivrteUnchssified
Standsrd
SMA
Sub totrlClercificd
Sub standard
Doubtful
Bad/[oss
Sub totel
Totrl
Overrcec Brrnch€3
Total Loan rnd Advanc€!
Amount in TrloBenlr
2017 2016
63,317,332,000 542s,63E,mo
63317.332,W s1rrx63&000
260,600,000
34t,700,000
46,400,000
303,965,000
2M,fi7,44352314,39t,457,757
196,31 1,010,701
t0,736,954,?06
21u0Bpout{l 227,l,,i|,96l,&t
t,558,400,m0
7,537,700,000
I18,906,400,000
r2,165,389,t94
5t75,629,98s
81,412,47E,3t9
353511,40r1E0 326JiI2,/6,3575
450,073,646 222932J53
423,4,/)5A95,0r,6 3t{53&1r&r}t
109,114J53,0(n tqEl9r00'000
r2rE0,m6713
51,0!DB6o,oo0 35,145,169,715
l49ro2,40o,lm 1D,114rE53,000
2Sa.7E&71&ll6 2t5'66t'520r{7E
61,087,913,982 57,162,696,673
61,087,913,982 s7,362,696,67t
\rttYU
I
t
7.13 Movcment of Clersilicd Loens rnd Advencel g r Whole
Opening Classified Loans and Advances
Less:
Cash Recovery
Writtenoff
Interest waiver
Re-Schedule and Re-structuring
Add: Newly Classified laans and Advances
7.14 Particulrn of lann r[d Advrtrcc!y'hvctmenti
i) lrans considered good in respect ofwhich the banking company is fully secured'
ii) Loans considered good agninst which the bankrng company holds no s€curity other than the debtors'
personal guarantee.
iii) toans considered good secured by the personal undertakings ofone or morc porties in &ddition to the
penonal guaranrce ofthe debtor
iv) Loans adversely classified; provision not maintsined there against
Ioans due by Directors or Officers ofthe banking compar,y or any ofthesc either sepamtely orjointly
with any other persons.
Lnans duc from Companies or Firms in which the directors of the Banking Company have intercsts
as Directo(s), Parhe(s) or Managing agen(s) or incase of private companies as membe(s)
Maximum total amount ofadvanoes, including temporary advances made at any time dunng the year to directors or
managers or oflicers ofthe bank or any ofthem either severally orjointly with any other persons.
Maximum toal amount ofadvances, 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
Due from other bankrng companies
Amount ofclassified loans on which interest has not been charged
Increasd(Decrease) in Provision
Amount of l.oan written offfrom Provision
Amount reslized against Loan previously written off
Amount ofprovision kept against loan classified
Interest creditable to the lnterest suspense a./c
Written-offtoans as per Bangladesh Bank BRPD Circular no -02 &ted 13, January 2003.
Op€ning amount of written off loan
Less Amount realized during the year
Add Amount of written off t an year
off loan and proper records are being maintained.
5E
Closing Amount of written
L
t-
v)
vi)
vil)
viii)
ir)r)r)
b)
c)
ir)
iP0
7,9t0,579,000
613,598,000
2,318,246,000
8,1 19,305,000
10,034J15
881,315,000
3,169352,000
25t,636,836,942
16,t71,6Et,304
14,280,192,870
241,524554,35t
22,265,267,889
2r,E58,59t236
(417,r42,160)l
42r.537,001.00 |
il.4e4,841 |
3t,E64,2t6,9E2 |
30,515,671,919 |
16,131,995200
3762U,61t
5,293,760
392t1,429,r42
24,854,6t1,62
I liUS
73.008,026r15
t{x,761,000
10,034,715
7t
72,213,3@,0N
3t7,62,129
Various srcps have been taken
60!rri00,000 350,366000
63p26532,00 54j55,q4m0
135,0(n,5fi),000 99,7g,a9tr6t
I
&m
E.01
9.00
Fired Arset including Prenireq Furniture & Fixture
(A) Cost
In Bangladesh:
Premises
Building con.
Fumiture
Electric Installation
Computer Software
Compurcr llardwarc
Type Writer Machine
Motor Car & Other Vehicle
Library
Sub,TotEl(In B!ngledesh)
Overseas Branches:
Kolkata Branch
Siliguri Branch
Sub-Total (Oveneas Branches)
Totrl Coot Vrlue
(B) AccrmuLted Deprecietion
In Bangladesh:
Premises
Fumifure
Elecric Installation
Computer Software
Computer llardware
Type Writer Machine
Motor Car & Other Vehicle
Library
SubTotel(In Bengladerh)
Overseas Branches:
Kolkata Branch
Siliguri Branch
SuFTotrl (Oversers Brrncha)Total Accumulated Depreciation
Written dowo vrlue (A-B)
(Details shown in Annexurc-B & C )
Movement of Fired rsiets
Cost (OnginalYRevaluation
Addition during the year
Lrss: DisposaVAdjustment during the year
[,ess: Accumulated Depreciation
(Details shown in Annexure-B & C)
Other Alset
Income generrting other rssets
Investment in Shsrcs ofSubsidiary Companies
Advance Rent, Advertisement etc.
Interest, Commission and Exchange Receivable
Prepaid Expenses
Non Incomc geoerrtitrt other rssets
Stationery, Stamps and Printing Materials in hand
Branch Adjr.rstnent
Security Dcposits
Advance Cover Funds
Advance deposit
Suspense A,/C
Others
36,546,EE4,420 36'012JUl',(l3 x.461fi4919 35927,501,165
15,926,y17 13,817,4S1 13J926vt6 13,E1?,4t3
36,#2,EllAyl 36,026,12O916 36471,791923 35,94U18,64E
3,243216,84t 2,901,519J82 3,16t933.792 2E2t:176373;
9,110,E12
1,252,357,660
5Jt0,469
2.907,099,85 l9,110,t12
r7r,044,644
5180,169
2,t27,156,U43,
33J10.453.737 33,119,02r.065 t3306,.74732t $.u3J6r.E04
36,616J50,629
73,s39,231
36,670,EE4559
644,763,642
3655U31,15573,539,231
36r5t2p4r,569
il1.522.92t
35562,E11J9t
3,2s2,157,660
36,026,120916
2,907,099,t51
,6A77,791924
3,171,044,604
35p41,318,617
2,t27,356,U4
t!
9.01
9.03
9.04
9.05
9.02
9.06
33310.453.73t 33.1 l9.O:ll,06s 33.306,347320 33.ll3.95rj0:r
16,703,{J23)42 r5,859rS60E5 18,849,4E1"E33 17J94$g,,822
Notcs PerticulrnRef.Note
Amount in Trka
Consolideted Bank
2017 2016 2017 2016
31,415,487A36
707,762,0t5
1,040,132,749
9t3,5t3444
336,716,069
1,785,755,5 l6
5,692,692
3l 1,685,159
10,139,270
31,197,@0,982
64?,912,158
97s,907,259
t33,661,6t6
2t9,748,118
r,616,276,087
5,723,822
306,646,019
t,t27,302
31A15,4E7136
707J62,0t5
1,026,t94,26
8s52929t7
219,120,512
r,t94966.,602
5,692,692
306,510,()69
10,139270
31397,600,9&Z
647912,ts8
962,il9,819
775,506.,4t9
102,152,561
t,72stt1,t73
5,723,t22
301,470,929
8,E27,302
I 5,157,91 t769,05E
r3,366,981
450,502
15,157918
769ps8
13,3668fl
450,502
343.280.720
5il,755,780
646,65r,026
112,233,569
I,386,83 I,l3E
5,388,562
163,3t2,006
3,724,047
303,729,414
533,221,42r
ffi,8t0,77260,974,441
t,260,362,4?2
s,320249
127,912,76s
3,rt7,t4E
3432E0,720
568,760,470
629,U2129
109,176,569
1,356,683,172
5,3t8,562
145,077,E24
3,724,M7
303,729,414
520,645,508
590.,261,6t5
58,t46,841
1,230,214,506
s,320249
11o,270,394
3,1t7,&48
8.671.356
439,456
5,221,U5
35v,424
8,671)56
439J456
5221,U7
359,422
36,026,120,916
610,229,?13
35,724,950,011
945,934,546
35,941,318,648
610,012,508
35,63t23t,s25
944,@3,044
lL4,228,720
16,505,957,498
82.837.t24
t47,t57,927
15,675,556,104
45,U2,0s4
2,172,883,ttz
114228,720
16,479,532,107
t2,837,124
2,172,558,tEz
147,8s7927
15,42r.391,9s9
45,U2,0s4
876At4248
2t7,426,734
73,t4249t,3E9167,557,488
27,223,749,393
5,140,7l5
200,000
1,s05,233,61 I
zt7,426,734
73,r42,49t,3E9
4,892,071
28,945,7t1
200,000
t76,414,248
99,571,815,071
t67,s5?,4t8
27223,749,393
1,505233,61I
I123,30E"324,E06
59
9.0r Invctment itr Shrr6 ofsubridirry Compenics
In Bangladcoh
Investment in Sonali Investment Ltd.
Oubide Bengledcsh
Investment in SECI
long term loan at prevailing rate oflnterest
9.A Strtionery' Strmpc end Printing Materielc in hsnd
Stamps on hand
Sationery on hand
9.06 Branch Adjustment
Debit Belence
Sonali Bank General Account Balance
Main Office Account Balance
Sonali Bu* General Account (RMS+)
Sonali Bank General Account (CBS)
Sonali Bank Oeneral Account (IFRMS)
Lers: Credit Bolence
Sonali Bank General Account Balance
Main Office Account Balance
Sonali Bank General Account (RMS+)
Sonali Bank General Account (CBS)
Sonali Bank General Account (IFRMS)
9.06.01
9.W
Advrnce Rent and Advertisemeot etc.
Advance Rent
Itrterest, Commislion & Exchange receiveble
Interest rec€ivable
Commission receivablc
Exchange receivablc
Others reccivable
Preliminrry, Formrtion and Orgeniz,otion Expenser'
Renovetion/development Erpcnsec' 8nd Preprid ExP€nses
Preprid Erpenses (Trrnsferred from adjusting A./C)
Rent
Taxes
law charges
Postage and Telegram
Sundries
2.172,ftr3'f/i,z 2,t72'55E,/e!
r67,557,4Et 217A26734 157'557',188 217A26734
11422W20 147J,37.927 tt4Jl&?20 147.E57J127
16,505,957,49t r5,675556,r04 16,479,532,1V1 15,42ar91,o59
E2,837,124 45$42,O9 t2,837,124 45,E42,()54
I 1161,E96J14,017 9,134,74/,,ffi,157 11,761,8qiJ14,017 9,13474/,$46,157
5,371,553,740,705
2r0,167,575,925
4,7s9,920,E35,945
1,390,421,415,043
2,608,997,006
4,634,531,E2E,982
336,921,702,971
3,E6E,511,97,3t7
207,99t,558,905
13,638,059,523
5,371,553,7Q,705
210,167,s7592s
4,759,920,t15,945
1,390,42 t,415,043
2,60t997,W
453/',s3t,8289t2
336,921,702,971
3,86E,511,997,3t7
207,9E,558,905
13,638,059,523
9.0:l
9.0.1
i)
ii)
iiD
iv)
9.0s
lt;734,672,#4,64 9,051,W2,14it,78 llfi4fi72,sal$a 9,06.1,fi2,117;l5E
27223,74939t 73,142,49E)E9 27223,749393 13,112,49t389
Provision rgrinst Brrnch Adjurtmetrt (unreconcil€d entri6)
In response to Bank request, Bangladesh Bank weaved the Bank through vide no- BRPD (BFIS) 66lll4B(P)D017-2538 dated 25 April 2017 amaintain additional required provision against branch adjusrnent (un reconciled enries) as required as on 3l Deccrnber 2017. Lastly, In response
to Bank request, as perBank request dated 3l January 2018, Bangladesh Bank weaved the Bank through vide no- BRPD (BFIS) 661/l4B(Py20l8'
16ll dated 28 Febuary 2Ol8 t; maintain additional required provision against branch adjustsnent (un reconciled entries) as required as on 3l
December 2017 Accordingly Bank has kept that provision.
Suspense Account
Pre-Paid Expenses
Dcad Stock
land and Prcmises
Advance Recoverable
Salary & Allowances
Traveling Expenses
Notes PerticulenRef,Note
Amount in T.trConsolidstcd Drnk
2017 2016 20t7 2016
2,000,000,m0
78,565,000
94,31E,8E2
2,000,000,000
74,765,000
97,793,tt2
t2264,246
155,293,242
I 1,606,E64
205,819,870
12,264246
1ss.293,242
11,606,88t
205,E19,t70
114,228,720 147,rt4,22E,720 147
I 3,525,30t,t58
2,9s4,223,249
26,425,391
13,243,196,904
2,l679tt,tttr7,206,16?
24?,164,145
13,525,308,858
2,954223249
13243,196,904
2,l67,9tt,ttt17206,167
9,647,720 4,670,448
34E,300
6,t l8
3,801
40,8r 3,3E7
39,634
2t,665
?3,t21,105
9,647,T20
3est4
2E,66s
73,121,105
4,670148
348,300
6,1 lt3,801
40,E13,3r7
5,t39,027,47E,011
263,E04,28t,220
4,E53,4il,603,057
1 ,497 ,881 ,796,04r
7,701,148,688
4,st3,677,113,913
306,57t,904,47E
4,Ot8,t34127213
243,581,38r'.,336
52,072,756217
5,139,027,478,011
263,W4,288,220
4,853,4E1,603,057
| ,497 ,t8t ,796,041
7,701,14t,68E
4,511,677,113,91t
306,57\96/.l7E
4,018,Ev1272t3
243,581,384,336
52,072,756,217
3t5,950
54,000
201,u0
109,t67,136
378,150
5,%2,77t
215,000
752,U1
137,736
100,m0
r77,835,0E2
l9l,l307,t1327s
l,3lE, 747
256,t00
752,Ur
137,736
100,000
177,835,0E2
l9l,l307,833,275
256,800
1,318,126,747
385,950
54,000
201,040
109,867,136
37t,150
5,862,?7E
215,000
I 1,500
759,43E,694
Taxes
60
!
9.0E Otben:
Dnft Payable Account (Ex-Advice)
Govt. Draft Payable Account (Ex-Advice)
Protested Bills
Wage Eamers Fund Purchased Adjustment A/C.
Adjusting A,/C Dr. Balance
lncome Tax Deducted at Source
BRDB UCCA Crop Inans Int & Penal Int. Exemption-2007
Settlement A,/C (Islami)
Loan Exempion Under Jurc Sectors Reform Proj. 94-95.
Demand Drafls purchased
Coupon interest exPense account
Pension bills (Army)
Pension bills(Civil)
PSP/BSP Enccshment
Agri Exempion A,/C affected by fuver Erosion
lnvesEnent in forcign cunency A,/C
NRTA,/CDr. Balance
Int8ngible Assets- Valustion Adjustnent 9.08.01
Dcfened Tax assets 9.08.02
Frozen Fish Loan Exemption fuC
Army Pension bill Purchased A,/C New
Advance payment oflncome Tax
Others Current assets of SECI
Branch Reconsfuction iVC
Other Assets oflndia operation
Totrl
9.0E.0r Intsngible Alset$.vrluEtion rdjustEeDt
Opening balance of Intangible dsset- Valuation Adjustment
l,css: Amortization/charge during the year
Closing Balance
9.0t.02
94,&6,U1,599 99,57l,Eli071 94J51091,626 9!,53llllp3t
6,572,120,6E7
6,572,120,6t7
13,146,441,403
6.574,320,716
6,572,120587
6,572,120,687
rt,t46,4t,&36,574,320,7t6
6572,12O,6E7 6572,120$t7
. Son8li Bsnk Limited has taken over the entire assets aad liabilities of former Sonali Bank through a vendors'agreement exccuted bettrlcn the Govcrmeot of thc
people,s Republic of Bangladesh and the Sonali Bank Limited on 15 November 2007 with retrospective effect from I July 2007. A decision anived urunimously in a
meeting of rcpresentatives from the Mnistry of Finance of the Govemment of the People's Republic of Bangladesh, Bangladesh Bantq Bangladcsh Securities &
Exchange Commission (BSEC) and thee stste-owned commercial bu*s that goodwill has been created. Sonali Bank Limited has issued shares in the name of the
Govemment of people's Republic of Bangladesh although there exiss accumulated loss ofTK. 65,743,20?,158 as on 30 June 2fi)7- It was also decided that as there
exists no specific heads of accounts the amount goodwill should be shown as valuation adjusunent under "Other Assets'and be gradually wriuen offwithin the next l0
years uftich was started from 2008.A Sum ofTK.65,743,207,15t has bcen amortizcd up to 2017 by adjusting'Amortization ofassets oflntangible asscts'.The net balance
of the account stands at nil as on 3 I December 20 I 7.
Deferred Tex essets
Opening Balance
Addition during the year
Closing Balance
Deferred Tu (Assctsy Lirbiliti€t
Cerrying emount ofFired Arsets
Carrying amount at balance sheet &te
kss land Value Amount
Carrying value without considering land value
Tax base
Tueblc(Deductible) Temponry Dilference (e-b)
Employees Liabilities
Crrryhg rDount rt b.hDcc lhcet d.te
Provision for pension firnd
Provision for PDCRB fund
Provision for Employees benefil
Provision for Bonus & Exgratia
Employees Provident Fund (General +Contribution)
Tot l
Tax base
36,272,534,t34
(2,042,2399O2)
3?Js3,:,@Js4 | ro,zoa,eto,o79 I t7,7s3,500,7s4
(1,4r0,e55,e60)l (2,s3,?30$6, (lIt4,6eo,l 15)9.08.02.01
9.$.(n.01
i)
e)
b)
c)
ii)
r)
34,210294,931 36,272534f,n4 34?2S,tE/,,A43 36r6EJ10,679
33.310.453,737
30,722,772,404
33,107,991,849
30,722,772,404
33299,931,157
30,722,7n,4U
33,105,724,790
t0,722:rn,404
2,5t7,6t1r33 23t3219,443 2,577,19,733 23E29323E5
2,2t0,699,U9 2,2E2,387,947 2,344,421,65 227t,889,tt?
3068t1,4t4 r0213r,49t 232;tt6J88 lwu;2Agtl)
tE
b)
c)
Notes PrrticulercRef.Note
Amount in TrkrConrolideted Benk
2017 2016 2017 2016
93tEt,s26
20,789,38?
2t7,705,079
3,662,E69,935
746,802,t76
1t,007,703,010
511,283,719
80,479,067
5,094,543,0t3
E0t,760,014
2,354,67s,2E0
4.212,373,7n
2,272,1t3,182
5,646,406,559
98,760,600
447,417,149
34.230,294,933
10t,773,s10
7.932.615.253
5.t69,653,881
2,t07,417
50,195
t,923,084,854
107,3672s6
3,809,702
287,569,071
3,672,0ttA86
1,t14,0E4,721
l5,El 1,630,376
str2tt,7t952,707,031
5,094,543,083
543.04 I,080
1,275,74t,587
4,,16E,139,941
2,374,345,985
3,939,52s,66
98,762194
3,323Is3,500
448971,t32
6,572,120,6t7
36,272,534,E34
101,773,510
6,624,9U,227
5,357,659,301
r,643A92
50,195
tr4973,292
93Atl,s26
20,789,1t7
287,705,0't9
3,(6,2,%9915
746,E02,176
It,007,703,010
51t2t3,719
80,479,067
5,094,543,0E3
E08,760,014
2,3s4,6752E0
4212,37t,790
2272,t13,182
5,646,4M,559
9r,760,600
447A17,149
34,225,080,443
101,773,5 l0
7932,615,251
5,t26,323,t15
50,195
1,923,084,t54
1o7,367256
1,809,702
287,569973
3,612,0tuuit,8t4qtr'.,721
15,81 1,630376
stt2E3:ne
s2J07,03t
5,09{,543p83
543,041pto
t275,748,5t7
4,46E,139,941
2,374,3459E5
3,939,525,ffi
9E,762,494
3,321A51,5@
44t971,t32
6,572,t20,6t7
36,26E,t10,679
101,773,5t0
6,624,964227
s,326,323,tls
50,195
8t4973,292
09,857,517,443)l Q6,72s,2E3,732)l
(35,634)l (3,035,634)l
0.632,757,066\l (1,2s2,134,880)l
( r6,633,607,e l 3) | ( 16,36s,E07,53 I )l
(1,727 (1,il6,621,071
(26,72s,2E3,712(19,8s7,s17
(t,622A14,362) (r
l0t)
Tmble{Deductible) Temporary
6l
(39,852,616995) (46,166555,461) (39,E38t766,372)
Notes ParticularsRef,Note
Amount in TelqBank
2017 2016 2017 2016
iiD
e)
b)
c)
vi)
r)b)
c)
v)
vi)
vii)
viii)
ir)x)
9.0!)
Carrying amount at balance sheet date
Tax base
Tarable/@eductible) Temporary Dilference (a-b)
Provision for other assets
Carrying amount at balance sheet date
Tax base
Taxable{Deductible) Temporary Difference (a-b)
Totol temporary dilference
Tex Rate
Deferred Tar asrets
Prior year odjustment
Closing deferred tax assets
Opening Deferred Tax
Detrease{Increase) of Deferred Tax A*rets/Liabilities
Provision required rgainst Other A$ets
Suspense Account
Protested Bills
Branch Adjustment (unreconciled entries)
Branch Reconstruction Account
Agri Loan Exemption affected by River Erosion
BRDB UCCA Crops Loans Int.Penal tnt. Exempt. A./Cs
Jute Sector Reform Projcct
Frozen Fish Loan Exemption A"/C
NRT A,/C Dr. Balance
Others
Total
Less: Provision made (Note No. 9. l0)
Surpluc
(3E,E64,286,9E2) (39,285,863,s34) (3E,864,2t6,982) (39,281129,t42)
(2,059,284,573) (2,0s9,284,s73)
(\0394E4,573)
(t0,469,2(n,066)
Applicable rate
(34,230,294,933)
Q4,23029\93t',)
36,272,s34,834
(E5,349F97,497)
Applicable rate
(36,272,534,834)
(36,272,534,834)
37,753,500,794
(2,059A84,5731
(80,529,601,039)
42.50o/o
(34,225,0E0,442)
(34225'0E0',143.00)
36,268,810,679
(8s,33EJ7t 06E)
42.50o/o
(3626E,E10,679)
(36'25E 810,679)
37,753,500,794
2,U2239,94 1,4t0,965,960 2,043r7y,,,236 1,4E4,690,115
I
9.06.01
9.09a
3,293,E44,4M
3,293,U4,406
2,993,t44,406
2,993,8/,4,406
3293,E44,4M
3,293,844,406
2,993J//,4/,6,
2,993,U4,46
!
9.09a
9.(Db
Jute S€ctor ReforD Project
Through letter no- DOS(BSS-I)I l63t961l15l82l,dated 17 February 2015, Bangladesh Bank approved the Bank request to provide Tk. 300 million provision per year
against Jute Sector Reform Project (note no.9.08J). Accordingly Bank has provided Tk. 300 million up to 2016. Lastly, as per Bank request dated 3l January 2018,
Bangladesh Bank weaved the Bank through vide no- BRPD (BFIS) 661/l4B(Py2018-16ll dated 28 Febuary 2018 to maintain additional required provision agsinst Jute
Sector Reform Project for the year 2017. Accordingly Bank has kept that provision Tk. 1200 million up to 2017.
In response to Bank request, as per Bank request dated 3l January 2018, Bangladesh Bank weaved the Bank through vide no BRPD (BFIS) 661/l4B(P)2018-l6ll dsted
28Febuary20l8tomaintainadditionalrequiredprovisionagainstotherassets asrequiredason3lDecember20lT. AccordinglyBankhaskeptthatprovision.
I
9.10 Movement of the Provision against Other Assets
Opening balance
l,ess: Written- offduring the year
l,ess: Transfened to P&L NC
Add: Addition during the year
9.ll Provision mgde agrinst other rssets
Other assets
Interest reserve against BRDB UCCA Crops Loan
Non Banking A*sets
Borrowings from other banks, financial institutions & agents
In Bangladesh I l.0l
Outside Bangladesh 11.02
11.01 In Bangladesh
Bangladesh Bank Demand Loan:
Refinance against RIIFG from
2,993,844,4M 2,927J14fi,6
33269
2,993't//l)46 2,927r714,M
33,269
2,993,E44,406 2927,6t1537 2,y)3,U4,4M 2927,6E1,537
2,993,844,406
300,000,000
2,927,6,i1,537
66,162,E69
2,993Jd/.406
300,000,000
2,927,6E1537
6,162,U9
10.00
11.00
3,293,844,4M 2,993,',/,4,4M 3293J//,,406 2ges.E/4A06
3,293,844,406 2,993,844,406 1,293,U4,4M 2,993,U4,4M
t293,',44,4M 2.e93544405 329t,W,4M 2993'E44,4M
714,24t,872 769,625,629 714,241,872 ?69,625,629
146,854,754
287.705.0?9
500,000,000
50,195
9E,760,000
511,283,719
1,200,000,000
101,773,510
447,417,149
146,333,583
2t7,569,073
500,000,000
50,195
98,762,494
sl12t3,719
900,000,000
101,773,510
448,071,832
146,854,754
2t7,70s,079
500,000,000
50,195
98,760,000
stt,283,7t9
1,200,000,000
t01,773,510
447,417,149
146,333,5t3
287,s69,073
500,000,000
50,195
98,762194
sll283,719
900,000,000
101,773,s10
448,071,832
675,629
768.950.000
216,872
7 14,025,000Refinance against Jute Sector from
62
714241,872 169$25,49 714241572 769.62a629
Consolidat€d
(38,164,286,912) (39rE5,r63,5:r4) QE.E64l?t6,9Ez) Q9?t1,429,142)
t
Notes ParticulanRef.Note
Amount in Teka
Consolidated Benk
2017 2016 2017 2016
11.01.01 Security ageinst borrowing! from other brnk& Iinancial institutiotrs strd rgent$
Secured (against bills)
Unsecured
11.02 OutsideBangladesh
Overseas Branches
11.03 Mrturity Grouping ofBorrowing From Other Banks' Financial Institutiom & AgeDts
Payable on dernand
Repayable on within I month
Over I month but within 3 Months
Over 3 months but within I year
Over I year but within 5 years
Over 5 year but within l0 years
12.00
12.02.01(a+b)
12.02.02(a+b)
12.02.03(a+b)
12.02.04(a+b)
12.01(A+B)
12.01(A+B)
Less: Inter Conpony belence eliminated
12.01
Total
DeposiB end other accounB
Payable on Demand
Deposit from banks
Other than banks
B. Other Deposih
Deposit from banks
Other than banks
714,241,872 769,625,629 71424r,872 769,625,629
7143,4t,E72 769,625,629 714241872 769,625,629
Deposits rnd other accounts
Cunent Deposit & Other Accounts
Bills Payable
Savings Deposits
Fixed Deposia
Total Deposits and other accountg
Dep$its rnd other lccounts
lnter bank deposits
Other deposits
Less: Inter Company balance Eliminated
Totrl
12.02 Deposits and Other Accounts (Category wise)
Domestic Branches
Cunent and Contingency
Bills Payable
Savings Bank Account
Fixed Deposis
Other Deposits
Overseas Brlnches
Current and Contingency
Bills Payable
Savings Bank Accomt
Fixed
Other
714,241,E72 76\625,629 714241,872 769,623,49
1,M4,225,960,433 1,031,593"5t6r86 1,064p11,082,539 1,031,60E 31011
1,064,311,082,539 1,031,608,231011 1,061,311,m2539 1t031,60Ep35,01I
8s,122,r04 t4,6r',6,725
1,M4225,960,415 1,031,593,588286 1,064J11,082539 1,001,60Ep35,011
218,823394,279 1t2,472,6/i3,775 218,E23394279 182,472,663,775
A.
E45,4t7,688,260
85,122,104
849,135i551136
14,646,72s
845,4E7,688p60 E49,1315s1r36
12.02.1.o
12.02.2.t
12.02.3.a
12.02.4.a
12.02.1.
t2.02.2.
1,M4225,960,435 1,031F93,5EE 286 1,064,311,0t2,5:19 1,031,608r35p11
I,06,2,999,126,111 r,m0J99,m1,223 1,063,0E4p48,215 r,80,414,547p4E
714,241,872 769,625,629 714,24t,872 769,625,629
238,868,974,602
12,363,90s,10?
319,578,769,17s
493,414,3 I 1,55 I
232,276,650,424
15,060,153,280
287,404,548,716
496,852,23s,866
238,9s4,096,7M
t2,363,905,107
319,578,769,175
493,414,3lL,551
232,29t,297,149
r5,060,153,280
2E7,404,54E,716
496,852,235,W
62,533,479,943
r,001,777,602,596
48,234,45E,012
983,373,776,999
62,533,479,943
r901,777,602,s96
48234,4s8,012
983,373,776,999
42,122,260,129
t76,701,134,150
26,87t,01t,9E6
15s,601,664,7E9
42.122.260,129
176,?01,134,150
26,E71p18,986
155,601,664,789
20.411.21),E14
825,076,46E,446
21,363,439,026
827,772,112,210
20,4t1219,814
82s,076,468,446
21,363,439,026
827,772,112,210
237,957,111,801
12,363,905,107
319,517,575,126
493.t60,534,077
231,303,720,238
15,060,153,280
287,346,864,387
496,689,163,3 l8
238,042233,905
12,363,905,107
319,517,575,126
493,160,534,077
231,31t,366,963
15,060,1 53,280
287,346,864,387
496,689,163,318
972930,186
57,6U,329
163,072,548
91 I,862,801
61,194,M9
253,777,474
9l I,862,801
61,194,049
253,777,474
972,930,1%
57,6U,329
163,072,54E
Totrl
t2.02.4.b
63
1226,E34,324 1,193,687,(nl 1,226p34324
Notes PorticuhrsRef,Note
Amount in Take
Consolidated Bank
2017 2016 2017 2016
12.02.1.9 Current and Contingency (Domestic Branches)
Current A/C (credit Balance)
Hajj Deposits
Margrn on ktter of Credit
Margin on Bank Guarantee
Foreign Bank Deposit
ATM A,/c.
Current A,/C Ba(er
Branch Sundry Deposit A,/C
School Banking Scheme
Call Deposit
Foreign Currency Deposit
Unsold Balance of N.F.C.D.
Credit Balance ofloan & Advances
F. C Deposit Receipt from Bangladesh Bank
Less: Inter Company belence Eliminated
Total
f2.02.1.b Current and Cootitrgency (Oveneas Branches)
Total
12.A.2.s Billr Payrble ( Donetic Brsnches)
Draft Payable
Govt. Draft Payable
Payment Order
Foreign Draff/Travelers Cheque Issued A'/c.
Foreign Draft Payable A"/c.
12.U.2,b Bills Payable (Overseas Branches)
Totrl
l2.(023.e Savings Bauk DepoaiB @omestic Brenches)
O.(fl23,b Sevings Bank Deposits (Oversees Branches)
Total
12.O2.4.a Fired Deposit (Domstic Bmnch€s)
Fixed Deposrts
Special Notice deposits
Deposit Pension Scheme
Special Deposit Pension Scheme
Sonali Deposit Scheme
Education Deposit Scheme.
Medicare Deposit Scheme
Rural Deposit Schemes
Monthly Eaming Schemes
Mamage Savings Schemes
Double Benefit Scheme
Triple Benefit Scheme
Millionaire Deposited Scheme
Daily Profit Scheme
Non Resident Deposit Scheme
Retircment Savings Scheme
Sonali Retirement Savings Scheme
Deposit pension payment account
Sonali krishak sanchay scheme
S.B.Employees Provident Fund (General)
S.B. Employees Provident Fund
12.O2.4.b Fixed Deposit (Overseas
Torrl
21t,437,122,114
4,245,095
794,751,776
59,5t8,E20
3tE.056,953
907,693
4,000,753,392
1,295,243,252
1,068,677,775
108,875,835
6,710,288,857
170,356,274
3 1 1.343,1 13
4,692,022,956
220,933,183,453
23
666,581,024
91,990,973
5E6,319,938
4,176,441
4,488,909,798
3ss,963,982
247,520,553
170,2s2,469
3,001,735,249
344,087,219
427,U5,U|
218,437,122,114
4,24s,095
794,751,776
59,5E8,820
388,056,953
907,693
4,W0,753,392
1295,2432s2
1,06t,677,775
108,t75,835
6,7t0,288,857
170,356,274
3l 1,343,1 13
4,692,022,9s6
220,933,183,453
23
666,581,024
91,99097t
5t6,319,93t
4,176,441
4,48E,909,798
355,963,9t2
247,520,553
170252,469
3,O01,735249
344,087219
427,645,Ut
238,(N2p33,905 231,318J56,963 23E,042,233,905 81Jr8J66,963
8s,122,104 14,646,725
237,957,1111801 23tp03,12O23E 23r.U2r33BUr 8rJ1Er66,963
911,E62,801 972,930,|K 911,862,E01 91293q1E6
2t8,%8,974,602 232276,650,424 23,E954,0,,6:7M 232a912vt,149
2,7E6,611,844
161,901,880
9,340,943,946
303,688
74,143,749
2,85?,547,002
1s2,257,805
l 1,926,160,950
54,873,s50
69,313,973
2.7t6,6tr,U4
161,901,880
9,340,943,946
303,688
74,143,749
2,857,547,002
1s2,257,W5
I 1,926,160,950
54,873,5s0
69,311,973
12r63,9{Xt,t07 15,060,1s3,2E0 12J63,905,107 11060.1$rm
12163,905,107 15.060,1s:trE0 12363905'1fi 15.150.1s3rt0
319,517,575,126 2873,46f6/.J,87 s19s17,57s,126 2t7J,6W)87
61,194,M9 57,6E4,329 61,194,U9 s7,6f/.329
319,37E,769,173 2E7.4M,W.716 319.57tJ69,175 2t7.&t*716
49t,160,534,yl7 496,6E9,163pr8
163,072,54E
25?,600,951,291
E6,678,909,010
334,275,76E
I 15,1 16,632
12,511,518,750
5,610,528,098
22,120,690,613
1,306,322,899
12,481,452,309
3,6E9,030,149
53,242,894,792
1,696,726,446
16,284,168,306
214,201,943
107,4E2,s09
190,866,047
2.139.538,872
19,871,524
184,979,156
11,529,037,782
3,101,971,1 El
256,787,122,t95
83,127,457,957
23,260,539
91,095,421
12.271,735,152
i0,t77,135,297
28,157,340,779
1.636.251,865
17,955, I 17,81 I
3,167,298,624
49,EE0,79E,867
1,591,399,073
t2,222,799,660
171,0E6,925
75,834,025
241,617,941
2,227,91t,162
256.745,085
256,2r1,132
13,711,745,240
2.635,190,86E
257,600,951291
86,67t,909,010
334,275,768
l r5,l 16,632
12,511,518,750
5,6 10,528,098
22,120,690,613
1,306,322,E99
12181,452,309
3,689,030,149
s3242,894,792
1,696:t26,446
16,284,16t,306
214,201,943
't07,482,509
190,866,047
2,139,518,872
19,871,524
1 84,979,1s6
13,529,037,7t2
3,101,971,181
256,7E7,122,895
83,127,457,957
23,260,539
93,095,421
12,271,735,152
t0,177,135297
28,1s7340,779
1,636,251,865
17,955,1 17,81 I
3,16729t,624
49,E80,798,867
1,591,39,073
12,222,799,660
171,086,925
75,834,025
241,6t7,941
2.227,9rE,162
256,745,085
2s6,211,r32
13.731,745240
2,635,t90,868
\DtsE=,i
&
253,777
493,160534,V17
12.03 In Bangladesh (GM's Oflice wise)
Dhaka 0lDhaka 02
chittagong
Khulna
Rangpur
Faridpur
Mymensing
Sylhet
Barisal
Rajshahi
Comilla
Outside BongladeshTotel
12.01t.01 Deposit! and Other Accounts (Geogrsphical Incation-wise
Ir Bangladesh No. ofBranchesUrban 743
Rural 466
t2w
Amount in Trkr2017 2016
1.031S54J4E 15 1.030.414547J,1E
12268l/.324 1,193,6E7Wr.m3.0t1.0825t9 1.181.60u35.011
99.tE
1,226,834,324 r,193,6E7,063 0.12 0.12
1.064311.0t2.539 l.m
Sub TotalOutside BengladesbOverseas
Totsl
Hesd office is included in UrbenI
l2ll
126)')17
18
2t
27
z723
7
l013
107
429,064,423,004
31.055.329.534
10.140.4 I 1,064
8,619,890,194
10,524,398,749
28.3E9,861,s96
10,106,07s,07t8,506,337,669
10,130,509,200
12.03.1.e In Bangladesh(GM's Ofiice snd District wise)
Dhaka GM's OIIiceDhaka Corp.
GazipurMunshiganjNarayanganj
NarsingdiManikganjSub Total
Chittagong GM's OfliceChiuagong NorthChittagong South
Rsngamati
Bandarbon
Cox's Bazar
Patiya
Sub Total
Khulne GM's OfficeJessore
Jhenaidah
KhulnaSatkhira
Bsgerhat
NarailSub Tolel
Rangpur GM's OlficeDinajpurGaibandha
KurigramRangpur
Thakurgaon
Nilphamari
Sub Totgl
Faridpur GM'r OfliceChuadanga
FaridpurKushtiaMadaripurGopalgonj
RajbariSub TotrlMymensingh GM's OIIiceJamalpur
KishoregonjMymensinghTangailNetokonaSherpur
Sub Total.
394; 40.31
2.92
0.95
0.81
0.990.83
5.44
6.53
0.65
0.15
0.M0.75
38.27
2.75
0.9E
0.t20.98
0.83
4.406.31
0.560. 14
0.41
0.74
2t3
s7,927,81E,507
69,506,179,351
6,928,933,2291,6 16,388,675
4.663.910,8327.971.199.3s6
45,371,ffi8,44665,105,20t,960
5,764,637,9931,485,831,773
4,r92138,1797.681.529.437
14E.614.429.950 129.601254.788 13.96 12.s
35
23
23
t7t41I
l 8,203,554,663
9,614,966,707
19,179,704,137
7,207,052,02E
6,6t9,215,032
r0,316,239,0145,198,2 1 7,888
5,648,972,6487.878.090,372
5,044,762,326
7,706,r 18,194
1 3,1 52,105,1 76
7 ,840,367,0038,623,655,1566,040,981,081
6,E95,125,753
7,1 80,873,386
13,919,39r,5r720,849,901,823
4,244,420,664
14,280,172,550
9,459,752,07921,286,307,2206,614,898,6776,003,429,406
8.1 2l,595,E354,916,076,E00
10,5E5,912,8M5,735,940,0704,719,127,790
t2
7,840,948,21912,556,540,179
7.221,909,9E3
7,704,704,9355.901.949,897
6,417,713,1916,704,812,605
10,017,545,637
20,3 I 8,138,410
7,034,996,6ss
t.7t0.90
1.80
0.6t0.63
0.38
0.970.490.53
0.74
0.470.30
0.72
1.24
0.74
o8l0.57
0.65
0.6?1.31
r.96
1.38
0.92
2.06
0.64
0.58
5.96
0.790.48
1.03
0.560.46
3.59
0.761.22
0.700.75
0.57
4.42
0.620.65
0.971.97
0.68
tzt
32
t6l5l92l10
113
l923
22
17
t2t2
10s
l9t725
30
336,364,359,340
161,926,928,957
t48,614,429,950
64,969,509,r34
37,292,54E,157
4t,026,369,174
56,307,448,082
1,469,951,055
34,699,951,05s
5s,493,631,445
84,689,121,866
289,913,811,627
170,57E,635,095
129,601,254,78t
61132,s88,077
t7,036,6/.5,191
45,64217E,W
53392,851,1 1o
38,323,375,856
72,382,616,211
52,718,073,631
79,292,217,356
% ofTotel20162017 2016 2017
74.562s.32
290,170,910,638 27.26
72.62
% ofTotal Deposit
2017 2016 2017 2016
lLtn/Js
65
t7
I tt:ti'li$n
I
Amount in Taka V. ofTots Deomit
2017 2016 2017 2016
22
32l3t2
Sylhet GM's OfficeMoulvibazarSylhetHabiganjSunamganj
Sub Total
Berisel GM's OlliceBarisalPatuakhali
BholaPirojpurSub TotalRejshahi GM's (XiceBogfaNaogaon
Pabna
Rajshahi
Sirajganj
Chapai NawabganjJoypurhat
NatoreSub TotelComillo GM's OIficeBrahmanbaria
Chadpur
ComillaFeni
NoakhaliLaxmipurSub TotalTotalOubide BangladeshKolkata & Siliguri
79
24
2035
17
28
l2136
36
l910
10
17,289,t69,4318,742,909,439
3.860.391.509
t7,633,636,9278,399,141,943
3,E60,391,509
11,218,867,976
5,434,920,U69,323,180,47t
10,941,532,343
8,345,81 5,808
3, I 34,365,105
2,659,3U,444
16,426,172,383
9,630,220,42630,729,104,352
9,239,886,627
13,167,763,344
7,744,300,724
20,776,918,2135,006,33 1,076
16,351,462,t658,037,1 18,967
43,204,745,627
E,957,683,70t5,123,747,947
8,1 82,675,148
12,096,026,464
8,036,160,603
3,686,464,5262,421,758,056
79
t4,506,275,0829,t64,193,162
28,344,491,2529,612,525,207
12,533,196,997
1.62
0.82
0.360.45
0.75
2.Olo.490.46
1.60.79
0.36
0.45
1.59
0.784.190.46
0.87
0.50
0.79l.t70.7E
0.36
0.23
0.41
l.4l0.89
2.75
0.93
t.2t
7S
l3
32
t918
23
2tE
E
142
l.050.51
0.8E
1.03
0.7E
0.29
0.2s0.42
1.54
0.90
2.890.871.24
12.03.2.b
12.04
Total Loens & Advences tzttHead ollice is included in Nunber of Branches and Deposits and Other Accounts
Sector Wise Deposit Including Bills Poyable
Presidency, Prime Minister Office and Judiciary
Autonomous and Semi-autonomous bodies
Other Public Sector
Banking Sector
Private Sector
Ovcrsees Branches
5.495,974,735 5,131.535.857 0.52 0.50u,6E9,121,867 79,292217F57 7.96 7.69
1.063,084"24E,216 1,030,414547.94E 99.tE 9.tt
1,226,$34,324 1,193,687,063 0.12 0.12
1.064311.0t2.540 l.
Amount in Taka
2017 2016
103,754,271,388
100,459,357,630
181,075,102,405
23,75s,7s9,450
654,039,757,343
77,512,7U,O00
9722t,95t,W
174,137,EE5,000
25,726,138,0@
6si.,us,782,s4t
1,063,0t4r4E,2r6 1,030,414,547B4E
1,226,834,324 1,193,687961
1,064p11,082,540 I,U11,608r31011
2
l2,fit.a Maturity Grouping of deposiB snd other sccounb (Including Bills Payable)
Repayable on Demand
Repayable within I Month
Over I month but within 6 Months
Over 6 months but within 1 year
Over I year but within 5 years
Over 5 years but within l0 years
Over l0 years
Less: Inter Compeny balence Eliminated
Totrl
12.05.b Maturity Grouping of Inter-Bank Deposits
Repayable on Demand
Repayable within I Month
Over 1 month but within 6 Months
Over 6 months but within 1 year
Over I year but within 5
Over 5 years but within
Over 10 years
SubTot l
1,061p11,ffi2,539 1,qr1,60&235,011 1,ffi4,311,082,539 1,001,608,235,011
8s,t22,t04 t4,u6,72s
1,M4225,960,435 I,mr,593JEE,2E6 r,064r11,0E2539 1,6r,608135,011
Notes PsrticulenRef.Note
Amount in Tska
Consolidated Benk
2017 2016 2017 2016
409,235,E51,172
71,181,043,613
183,438,783,347
163,759,785,076
l 18,361,183,060
101,547,02s,745
16,787,410,526
298,259,941,819
76.751,88r'.,900
192,606,306,748
163,706,673,667
128,582,890,308
I 16,969,586,905
54,730,950,664
409,235,851,172
71,1E1,043,6t3
1E3,438,7t3,34?
163,759,7E5,076
1 1 8.361,1 83,060
10r,547,02si45
16,7t7,410,526
298259,94t,8t9
76,75t,88r'.,9N
192,606,306,748
t63,7M,673,67
128,582,890,308
I 16,969,5t6905
54,7t0,950,@
lIlUf
24,117,229,W6
16,882,0603(M
4,823,44s,801
2.411.722,901
31,266,739,972
21.886.717,980
6,253,347,994
3,126,673,997
24,117,229,006
16,t82,060,304
4,E23,445,80 I
2,411,722,901
31,266,739,972
21,886,717,9t0
6,253,347,994
3,126,673,997
66
62,533,479,941 48,234,45E,O12
!
Noteg PorticularsRef.Note
Amount in Taka
Consolideted Bank
2017 2016 2017 2016
Other Deposits
Repayable on Demand
Repayable within 1 Month
Over I month but within 6 Months
Over 6 months but within I year
Over 'l year but within 5 years
Over 5 years but within l0 years
Over l0 years
Sub Total
Less: Inter Company balence Eliminated
Totsl
Msturity Grouping of Bills Payables
Repayable on Demand
Repayable within I Month
Over I month but within 6 Months
Over 6 months but within 1 year
Over I year but within 5 years
Over 5 years but within 10 years
Over l0 years
Un-claimeddeposits for l0 years or more held by the bank
as on 3l December 2017
Other liabilities
Ilomestic Branches
Provision for Classified loans including writ
Provision for Un-Classified loans
Interest Suspense
Provision against diminishing value of portfolio Investment
Provision against Portfolio toan
Liability for employecs benefit ( PDCRB & Pension fund)
Provrsion for Income Tax
Provision for other assets
Provision for debenture (Public and Private)
Provision for Balance with BB
BB Refinance Scheme for SML of Tk. l0
BB Refinance Scheme forSME(Ren. Energy/Solar Energy)
Employees Tax Deduoted at souce
Interest Payable ( For Fixed Deposit)
Interest Payable for other Deposit
Income Receivable in advance
Expcnses payable fuC
Exporters' Foreign Cunency Retention Quota
Provision against OffBalance Sheet Exposure
Provision for Exgratia/Bonus etc
Forei gn Correspondent Charges
Adjusting Account Credit Balance
Foreign Cunency Fund Purchased A/C
Provision for NOSTRO A/C
Vocational Women's Cr.Scheme Guarantee Fund
Agriculhral Guarantee Against I.D.A. Credit -724 B.D.
Industrigl Cr. Guarantee Clalms received Fund
Bangladesh Bank Cr.Guarantee Fee I.D.A Cr. - E25 B.D.
BSCIC Service Charges I.D.A Credit -825 B.D.
Revolving firnd against l.D.A. Credit -725 B.D.
Sundry Deposits (H.O)
Interest Subsidy Account
SPL A,/C's Proceeds of Import Documents Dr.of F.C( NBP)
Special accouns surplus Proceeds of Import Goods
Unclaimed Dividend (NBP)
ASTCIDA Guarantee Fund for
1Jo1,777,fi2,597 983p7t,776,9y) 1p01,777,ff2,5n 9/,,.373J76J9e
85,122,104 14,646,725
I,M4,225,96O,436 1,031,593"5EtrE6 I,l)64pll,m2F40 1,031,606,235,0rr
12,363,905,107 15,060,153,280 12,363,90s,107 15,060,153,280
12p61,905,107 15,060,15:r,2E0 r2p63,90110? 15.ff0.153rEo
7,017,581 5,t23,Si2 7,W,fi$ 5,E23,St2
12.fii.c
13.00
I
!
I
13.01.a
13.01.b
13.02
13.03
13.04
13.05
13.06
38,864,286,982
2,788,700,000
30,515,671,919
654,701,534
389,01 I,53E
2,t5t,21E,665
4.669.540,896
3,293,844,406
56,944,r25
468.800.000
5,613,7s0
395,707
1,177,606
4,765,228,992
3,580,280,617
35,147,692
238,850,23 l102,970,?33
2,026,979,403
1,622,414,362
325,101
3,717,842,82E
I 1,367,981
256,3s3
19,s62,612
1,834,493
178,997
4,881,123
37,240,733
3,56s,516,514
3,585,6 l 8
787,657
8,479
149,578
45,312
2,554,409
39,281,429,142
3,257,500,000
24,854,6t1,062
240,196,334
3t9,011,538
1.992.148.140
4,213,267,934
2,993,t/,4,4M
38,E&286,982
2,788,700,000
30,515,671,919
571,40520o
2,8s1218,665
4.628,6t0,397
3,293,U4,406
56,944,125
46t,800,000
5,613,750
395,707
1,177,606
4,765,22E,992
3,580,280,617
35,147,692
238,850231
102970,733
2,026,979,403
1,622,4t4,362
325,101
39,2t1,429,142
3257,500,000
24,854,6Et,062
156,900,000
1,99z,14E,140
4,189,972,376
2,993,U4,406I
l-
8,430,000
712,275
r,023,u3
7,56t,917,2E5
3.316.526,496
19,042,938
191,E97,6s7
65,029,666
1,969,260,750
1,252,r34,tt0
1378,505
192,t13107
3,666,514,799
9,169,188
256,353
t9,562,612
I,834,493
17t,997
4,E81,123
2E,594,85E
2,90t,608,388
3,585,618
787,657
8,479
149,577
45,312
2,554,409
3,717,842,828
1 r,367,981
256,353
19,562,612
1,834,493
r7t,997
4.8E1,123
37,240,733
3,565,5 16,5 l4
3,5E5,618
787,657
E,479
149,578
8,430,000
7r227s
1,023,u3
7,56E,917285
3,316,526,496
19,042938
191,897,657
65,029,66
1,969,260,750
r2s2,134,E80
1,47E,505
192,t13,407
3,666,514,799
9,169,188
2s6,351
19,s62,612
r,834493
17E,997
4,881,123
28,594,t58
2,908,608,3Et
ir.q
3,585,61E
787,657
8,479
I*
276,993,201,E4E
s2,006,820,399
t97,636,306,748
169,483,325,673
128,956,173,680
176,694,756,668
7 ,017,581
274.142.712,813
s9,869,E24,596
192,606,306,748
158,t83,227,86
126.171.167,407
171,694,714,017
s,823,532
276,993201,U8
52,006,t20,399
197,636,306,748
169,4t3,325,673
r28,956,173,680
176,694,756,668
7,017,581
274,142,712,813
s9,869,t24,596
192,6M,306,748
158,883227,866
126,171,167,407
171,694,714,037
5,E23,532
\unus
c-Mother CIub Womens
67
t2
13.01
13.02
Coupon interest income aocount
Cr. Balance in F.C Clearing A,/C
loan from IDA Credit No. 765 BD.
Sirajganj Integrated Rural Development Fund
Provision for Salary
Rebate A/C ofTerm Ipans to NBFI
Provision for rebate on good borrowers
I.D.A. Credit -3917 B.D.
Portfolio Margin Deposit Control
Remittance Payable to Beneficiary
Other provision of Indian operation
Provision for loss of Sonali (UK) Ltd.
VOSTRO Accounts Balance 13.07
Payable for Client Sale
Others liabilities of subsidiary
Refinance f,md for Milk Product and Artifioial lnse. Scheme-RCD
B.B Refinance Scheme (200 Core) for Jute Sector
Oveneas Branches
Other Liabilities of Overseas Branch
Reserve Fund ofKolkata Branch
Accumulated Provision for Loens and Advances
a) Provision for Classilied loens Including writBalance at the beginning ofthe period
kss: Loans written offwhich frrlly Provided for
Add: Recovery Loans which was Written offearlier
Add: Specific Provision made during the year
kss: Recovered and Provision which no more required
Add: Net Charge on Profit Loss Account
Balance et the end of the yesr
b) Provisioo for Un{lessified loans
Balance at the beginning ofthe period
Less: [oans written offwhich fully Provided for
Add: Recovery from the Prevrous Written OffLoans
Add: Special Provision made during the year
Less: Recovered and Provision which no more required
Add: Net Charge on Profit l,oss Account
Balance at the end ofthe year
Interest Suspense
Balance at the beginning ofthe period
Interest Reserve
Interest Reserve Penal Interest
Add: Amount transfened to "Interest Suspense" Account
during the year
Interest Reserve
Interest Reserve Penal Interest
Less: Amount Recovered in "Interest Suspense" account during the
year
Interest Reserve
Interest Reserve Penal
108,1065E5,478 101,035,456,592 1M,9E2,IW,736 99,791p27,W
2,236,Effi,fil l,(x5,42Er00 2,236,886,fl7 $4A42W0O
110343,47r,9E5 102,08ofi4,792 109219374243 100"E37J55}5D
38,t52,792,141
tt,494,Ut
39276,135)E2
s,293,760
t8852,792,141
ll,494,Ml
3e276133382
5,293,760
3t,864,2E6,9E2 39,281A29,142 3E,86{rE69t2 39AElA29,t42
3E,E64,286,982 39281429,142 3tJ6/.2E6,9U 392E1A29,142
3E,E64,286,9E2 39,2t1,429,142 3E,86/.2t6,982 392E1429,142
3,257,500,000 3,257,500,000 3,257,500,000 3,257,500,000
3,257,500,000 3r57,500,m0 3"257"500,(m 3,257,5U),000
3r57,500,000 3,257"500,000 3r57500,m0 3157,500,000
3,257,5m,0003rs7,5m,000
468,800,000
3157,500,m0
2,788,700,000 3257,5(n 000 2,7E8,700,000 3157,300,000
2.7EE.700.000 32575)0.(m 2.7t&7m,lm 3r575XL(m
24,E54,681,062 20309,t70,4fi 248ilfi1,M2 2O3W,17O,4fi
7,143J17,0E3 7,411,334A7E 7,143J17,083 7,431334478
3"257,500,000
468,800,000
2,354,675,280
s6,824,870
38,624,865
3E
3s0,452
28,810,000
224,1r9,541
29,273,205
86,998,0E4
689,257
115,328,674
238,143,684
8.506,527
486,0E l,555
120,242,s00
20,000,000
1,275,748,587
108,740
s6,E24,870
38,000,184
38
350,452
50,000,000
224,119,541
24,403,239
58,920,t00
6E9,257
115,128,674
70,282,276
10,613,140
653,9E8,673
2,354,675,2E0
56,824,870
38,624,865
38
3s0As2
2E,E10,000
224,119,541
689,257
115,328,674
238,143,6U
120242,500
20,000,000
1,275,748,5t7
108,740
56,824,t70
38,000,114
38
3s0A52
50,000,000
224,119,541
689,257
tts,32E,674
70,282,276
2,009,029,017
227,857,490
872,46E,705
172,9s9,495
2,009,029,01?
227,E5?,490
872168,70s
172,9s919s
39,2t1,429,142
428,617,001
39,652,400,000
376,2&,618
39,2E1,429,142
428,637,001
39,652,400,000
376,264,61t
24,848,165,789
6,515,273
20.300,s75,267
8,595,1 E9
24,84E,165,7t9
6,515273
20.300,575,267
E,59s,l 89
7,143,291,662
25,421
7.427,150,160
4,184,31E
7,143291,662
2sl2t7,427,t50,160
4,184,31E
,944,47E,206,59y
4,oBfd1,478,206,580
4,013,265
2,857,147,944
6,264,234
68
1,4E2,219,E45 2,t6,3,412,17E 7t
II
Less: Amount written offdunng the year
Interest Res€rve
Interest Reserve Penal Interest
Balance at the end ofthe period
lnterest Reserve
InterestRes€rvePenal Interest
13.03 Provision egeinst diminishing value of portfolio lovestment
Balance at the beginning of the period
Add: Additional during the year
Portfolio lnvestmert
Debenture
Belance rt the end ofthe yeer
l3.(H Liability for employees benefit ( PDCRB & Pension fund)
Fair value ofdefined benefit obligation a
Less: Fair value ofbenefit plan assets b
a) Frir value of delined benefit obligstion
Opening Brhnce
Sonali Bank Ltd. Employees Pension fund
Sonali Bank Ltd. Employees PDCR Benefit fund
Provision for employees benefit
Trrnsfer/Adjustment mode during the yesr
Sonali Bank Ltd. Employees Pension fund
Son&li Bank Ltd. Employees PDCR Benefit fund
Provision for employees benefit
Less: Payment made during the year
Sonali Bank Ltd. Employees Pension fund
Sonali Bank Ltd. Employees PDCR Benefit fund
Provision for employees benefit
Adds Crestiotr during the year snd prior yerr adJustment
Sonali Bank Ltd. Employees Pension fimd
Sonali Bank Ltd. Employees PDCR Benefit fund
Provision for employees benefit
Closing Balance
Sonali Bank Ltd. Employees Pension fund
Sonali Bank Ltd. Employees PDCR Benefit fund
Provision for employees benefit
Provision Required
Provision Maintained
Provision Surplud(Deficit)
b) Fair value of beoefit plan rssets
Fund Investmentt
Sonrli Bank Employecs PDCRB Investment
Bangladesh Govt. Treasury Bond
FDR-Local Office (SBL)
FDR- Bank Asia Ltd
FDR-SBAC Bank Ltd
106,3E1 22,41r,694 106,381 22A11,694
106"3E1 22,411,691 r06381 224tt$94
232,218,722 156,900,000 155,900,000
I
I
L-
240.196,334
414,505,200 7. ,6t2 4
654,701,534 240.196334 s71,405100 156.9{m.000
2,85r,21t,665 1.992.14E.140 2'tsr21q665 1.992.14&r{O
2E,341,940,431 32,71!,934,430 2ES4l94\4t7 32,713,95,,,4n
9,498,997268 7,8(D,5txr68 9,49t99726 7,W4W#
2,542399,t7E 3,630,490J75 2,5/i23,9,E7E 3,630,490p7s
21,5E5J43,(H7 28,541,940,437 zlfisJ,43,W 2t541p4i,,,437
2r585,343,M7 28,541940A37 21,585143,047 285119&,437
I
Notes ParticularsRef.Note
Amount in Trka
Consolidated Bank
2017 2016 2017 2016
24,8r'.8,165,789
6,515,273
30,513,144J90
2,527,429
30,513,144,490
2,527,429
24,8/.8,165,789
6,51s,273
571,405200 1s6,900,000654,701,534 240,196,334
21,585,343,047
1E,714,r24,382
28,541,940,437
26,549,792,297
21,58s,343,047
lE,734,r24,382
28,541,940,437
26,549,792297
1.816,621,071
26.725.2E3,732
35,634
1,924,318,365
30.7E9,600,43 I
35,634
1,E16,621,071
26,725,283,732
35,634
1.924,318,365
30,7t9,600,431
35,634
41t,625,430
9,087,371,838
494,797,47!
7 ,307,706,E95
411,625,430
9,087,371,838
494,797,473
7,307,706,895
322,794,329
2,219,605,s49
387,100,179
3,243,390,196
322,794329
2,219,605,549
387,t@,179
3,24339O,196
1,727,789,970
19,8s7,517,443
35,634
1,816,621,071
26.725,283,732
35,634
1,727,?89,n0
19,E57,517,443
35,634
1,816,621,071
26,725283,732
35,634
21,sqs,143,047
21,5E5,343,047
2E,541,940,437
28,541,940,437
21,5E5,341,047
21,5E5,343,M7
2E,54r940,437
28,541,940,437
2s,209,720,296
30,000,000
150.000,000
25,2@,72029617,323,586,220
30,000,00050,000,000
17.323,586,220
50.000.000
150,000,000FDR- Midland
69
17,323,5K22O 25)E9,720296
Notes Prrticuhr!Ref.Note
Amount in Teke
Consolidcted Brnk
2017 2016 2017 2016
\-
Sonali Bank Employees Pension Fund Invesunent
FDR- BankAsia
FDR- Farmers Banls Ltd.
FDR- AB Bank Ltd.
FDR- Midland Bank Ltd.
FDR- Local OfEce
Totrl Feir vrluc of betrellt phtr Arset!
Provirion for Incomc Tax
Balancc at the beginning ofthe year
Iess: Payment during the year
Add : Amount trsnsfened during the year
Add : Income tax on Indian oPeration
Behnce et the end of the ye|r
Provirion for Bonus/ Ergrrtia
Opening Balance
kss: Payment during the year
Add: Realized during the yeer
Add: lvlade during the year
Balancc at the end ofthe year
Total risk weighted asscts including off-balancc sheet items
Required capital @ l0% ofrisk weighted sssets
Cepitrl held:
Tire I Capial
Tier 2 Capital
Totrl Eligible Regulatory Crpital (Tier I Eod
Total capital surplus
CRARI/ CAR Based on Basel-IIU (tr)
1"2r0538,162 I,160,072,001 lrlo,$E 162 I,16O,fi2,001
It, 26,549;t922n tE;t4t2A,,N2 26549JnAn
13.05
I4,669,540,E96 4,213,267934 4,628fi10397 +t$egt2)16
13.06
1,252,134tt0 1,622r414,X2 1J52.r3,lJtl)
13.(n VOSTROAccoun6Brl.Bce
Shere Capital
Authorized Capit l600,000,000 ordinary shares ofTaka 100 each
Issued,cubscribed end fully Psid upCepit l
413,000,0fi ordinary shares ofTaka 100 each
38300.m0.(m 4r3m.tm.(no
r4.03
The entire amount of the paid up capital has been subscribed by the Govemment of the People's Republic of Bangladesh but each Director of the
Bank is the holder ofone symbolic Share oftaka one hundred.
Crpitrl To RiskWeightcd Arsca f,etioc (CRAR)
In terms of section I 3(2) of Bank company Act, I 991 and Bangladesh Bank BRPD circular no. 09 dated 3 I December 2(p8 and BRPD circular
no. lg dated 2l December 2014, required capital of the Bank at the close of business on 3l December 2017 was Taka460,762,900,@0'00 as
againstcorecapitalofraka 3'l,t66,6g4,gl4.00andsupplementarycapitalofrakal0,5l7,l0o,o00.00i.e.atotalcaDitalofraka47,683,784'914'00nL Ueen maintained, thereby showing a surplus of capitaVequity of Taka 1,601,494,914.00 at the year urd:"
I
!
l-
I
l-
I
,
14.00
14.01
14.02
,
t-
60.m0.(n0.000 5tLtm.fixxno
3rJ00,000,000 41300.000,1m 3t30.0m.000
463,843,000,000
46,384,300,000
452,924,300,000
4s,292130,@0
460,762,900,000
46,076,290,000
451,930,700,000
45,193,070,000
14.03.02
14.03.03
146,497,945
20,000,000
1,044,040,21?
20,000,000
20,000,000
I 10,940,000
20,000,000
9t9,132,001
146,497,945
20,000,000
1,u4,M0217
20,000,000
20,m0,000
I 10,9,t0,000
20,000,000
9t9,132,001
4,213,267,934
t6,570,381
472,8r'.l,343
3,E07,007,34t
14,s86,099
420,t{6,68s
4,tEg,972,376
43t,638,021
3,n3,851,62t
4t6,1 lE,74t
1,252,134,tt0
1,1E4,768,05 I
5,047,533
1,550,000,000
1,559,035,9,14
1,563,270,14s
6,369,081
1,250,000,000
t252,134,8N
I,184,768,051
5,M7,533
1,550,000,000
1,559p35,944
1,563270,145
6,369pE1
1250,000,000
Sl, No. Particulars
As at 31 December 2017
Foreign Currency FC enount Erchenge rete Amount ltr TrLr
2
3
4
5
6
7
E
I
Myanmar Foreign Trade Bank, Myanmar
OfRc€ Account
Sonali Bank Ltd Kolkatu
The Jammu & Kashmir Bank Ltd.
Myamar lnvcstnent & Com. Bank
Office Accounl
Export Development Bank Ltd.
Bank of Ceylon, Srilanka
Sonali Bank (uK) Ltd.
EURO
ETJRO
USD
USD
USD
USD
USD
USD
USD
I 16,456
10,7t2
30,377
25,159
247,557
137,020
l16
3,557
2,2tr'-,562
9t.31
9t.31
82.70
82.70
82.70
E2.70
t2.70
82.70
t2.70
11A49268
1,060,019
2,512,t74
2pro,60E
20,473,025
I 1,331,543
9,5u
2%2M1tt,933261
Totrl 2,853,586 x}&rlt3,6E4
Notes PerticulrnRef.Note
Consolid.ted Brnk
2017 2016 2017 2016
I1,656,0E2,54437,166.,6U,914
17
33,400,53E,00436,981,47E,366
I10.25'/"
70
47,49E,57E36 ,16'432J3&m4 47,6&l; ps2.5*1
Amount h TrLr
I
Required
5
Eeld Eeld Eeld Eeld14.011.01 Cepitrlrequiremcnt
Tier - I (Minimum CET -l @ 4.5o/o)
Ticr - tr ( Maximum up to 4% of the total RwA ortt.t9lo ofCET-l whichever is higher spPlicable from
0l January 2015)
Totrl to.24v. lO.25V. lO33Y. 1o33./.
36,981,47Er65 33,40053t,qx 37,166,;6t/.914 33,656,$2,544
36,9tr,47u66 33,llllo'$qux 37,166,,@4914 33.656.182544
36.911,47rJ66 33',10053t'fiX 37.156.5t4914 336s6.m2J44
5,313,800,000
10,748,000,000
I.99 I,300,000
269,000,000
5,226,800,000
10,748,000,000
l,99 1,300,000
269,000,000
5,3 13,t00,000
t0,74t,000,000
1,991,300,0@
269,000,000
5226,800,0m
10,748,0m,000
1,991,300,000
269,000,000
10.0'/o
14.03.02
A-
B.
Thr l Cepitrl
Comnon f4nity Ticr I (CETI) Crpltrl (Goirg{oncern Cepitr!)
Paid up capital
Statutory rcserve 15.00
Other resewe
Retained eamings
Share money deposit
Subtotel
Irss : Defered tax assct 14.03.2a
Tot l
Additionel Thr-l CrpltrlNon+umulative inpdccmable preferencc shares
Instruments issued by the banks that meet the quali$ing
critcria for ATI
Others (ifany item approved by Bangladesh Bank)
I
I*ss: Regulatory Adjustments from AT-l Capital 14.03.2b
Tote! Thr I Cepitrl (A+B)
14.03.G1 Tier 2 Cepitel
Ticr 2 Cepitel (Goueoncern Cepitel)
General provision maintaincd agpinst unclassified loans and off'balance sheet exposues
Assets revaluation rescrve
Rwaluation Rescrve for HTM securities
Rcvaluation Reservc for EquitY
L,ess: 600lo Revaluation Rescrves for Fixed Assets' Securities
Totrl Tier 2 Cepitel
18J22,100,000
7,E05,000,000
tE"2311oo,oo0
5203,300,000
lE 322,l0o,lm
7,805,000,000
lE 23i100,m0
s203,300,m0
10517,100,000 13.031,E00,1m 10,517,10qm0 r3.(E1rm,mo
14.03.2e In responrc to Bank r€quest" Bangladesh Bank allowed ttre Bank through vide no-BRPD (BFIS)-661II4B(P)20162151 dated 05 April 2016 to
deduct deferred tar( assets- 0o/o n 2015,3U/, n 2016, 600/o n 2017 and 90% in 2018 respectively to calculate Common Equity Tier-l( CET-I)
Capital. As per Bank request dated 20 April 2017, Bangladesh Bank weaved the Bank ttuough vide no- BRPD (BFIS) 661/l4B(P)2017'2538 dattd
25 April ZOiZ to adiust defened tax assets against Common Equity Tier-l( CET-I) Capital for the year 2016. Lastly, as per Bank request dated 07
tvtuc-tr ZO1S, Bangladesh Bank weaved the Bank through vide no- BRPD (BFIS) 661/l4B(Py20l8-1944 dated 15 March 2018 to adjust defened
t6;( assets against Common Equity Tier-l( CET-I) Capital for the yeu 2017. Bank has complied Omt instuction accordingly.
f4.04 Rirf Wcielted Altcb (RWA) (fele in Crore)
PrrticulrnConrolidrtcd Benk
2017 20r5 2017 2016
CrditRbki) On-Balance Sheet Exposure
ii) OffBalance Shcet Exposure
Merket Risk
Operrtionel Rirk
35,097.35
1,496.08
4,33t.22
5,452.65
34,345.74
945.03
5,359.35
4,il2.31
34,900. l6lJ96.0E
4,265.16
5,414.89
Totel RicL weightd Allctt (A+B+C) 46J,E,,3,0 4S?n.43 6,U16.29 45,193.07
l4.Ut Mininum Under Brsel Itr lnTrb)
34,354.62
945.03
5,261.49
4,631.93
7t
Note3 Prrticuhn Ref.Note
Auouot in TelrConrolldrtcd Brnlr
2017 20r6 2017 2016
?.370/o
2.8to/o
t.07o/o
2.28o/o
7.45o/o
2.t8o/o
7.97%
2.27o/o
41,300,000,000 |
lo.lee.6s2.0t3 I
lrT,ooo,ooo I
(14,63s,203,6441.l
38,3o0,OO0,OOO I
r.284,t76,285 I
t22,il0,533 |
(l 3,307,148,Er 5)l.l
41,300,m0,000
10,199,682,013
I t7,000,000
(14,449,997,099)
38,300,000,000
8,2U,t76,2E5
122,t10,533
( I 3,05 1,604,275)
BenlrConrolidrtcd2016201720t7 2016
Prrticuhn
3t,656,0t2,544
l3p3l,8o0,0q)
46,6E7W,544
451,930,700,000
l0.3to/o
37,166,6t/',914
10,517,100,000
41,ffi,7li,,914460,762,900,000
10.350/o
8.07o/o
2.28o/o
46,0?6290,000
33,400.538,004
I 3,03 I,t00,000
.16,432J3t,m4
452,924,300,W
10.25o/o
7.37o/o
2.E$o/o
45,292,430,000
36,981,478,366
10,517,100,000
47A98,57EJ6
463,t43,000,000
10.24o/o
7.97%
2.27o/o
46,384,300,000
lL EligiblcCrpitel:l. Common Equity Tier I (CETI) Capital (Going'concem capiol )
2. Tier 2 Capital (Gone+oncem Capital)
3. Tier-3 (eligible for market risk only)
4. Totrl Eligible Cepitel (l+2+3) :
B. Total Risk Weighted Assets EWA):C. Capital Adequacy Ratio (CAR) (A'a/
D. Cor€ Cspital to RWA (Ar / B)rl0O
E. Supplernentary Capital to RWA
F. Mnimurn Capital Requircment i
* .$
14.06
14.05.r
r)
Retio (Ar per Besel m requirement)
Crpitel Releted Rrtio
CRAR
kverage Ratio
Liquidity Related RetioLiquidity Coverage Ratio
Net Stable Funding Ratio
Details ebout Ratio
Cepitrl to Rirk-weighted Ar.set Retio
196.34c/ol
tot.2T l
517.90'/o
l14.03c/c
Total Eligible CapiralCRAR@enk) =
Credit RwA+Market RwA+Operational RWA
47,6t3,7U,914
CRAR (Consolidrted) =
460,762,900,000
t0,35vo
47,498,578,366
463,843,000,000
1o,240/o
b) Leverege Ratio
LR
Tier 1 Capital (affer relate deductions)LR
LR (Benk)
LR (Consolidated)
c) Liquidity Coveroge Rrtio
I,454,350,7 I 0,0@
2.56'/"
36,9$,478,366
Total Exposure (aftcr relate deductions)
Stock ofquality liquid assets
37,166,6E/.,914
t
1I57,391,5 10,000
2.54o/o
19634y"
Total net cash outflows over the next 30 calendar days
501,207,4E6
255,275,281
Available amount of stable funding (ASF)Net Strble Funding Rrtiod)
NSFR
_ 945,772,900
933,tE9,357
= l0l.21o/e
Required amount of stable funding (RSF)
14,07 lleteils rbout
14.08 Name ofDirectors rnd their Shereholdiag
PrrticulanConsolidated Blnk
2011 2016 2017 2016
lQ.24o/o 10.25o/o 10.35o/o 10.33o/o
2.54o/o 2.78o/o 2.560/o 2.81o/o
of Sharebolden Ar at 3l Dec.20t7 Amount @ llXl
ofthe People's Republic ofBangladesh represented by Finance Secretary, Ministry ofFinance
Md. Ashraful Moqbul
Md. Fadul llaque
Md. Mahboob Hossain
Mr. Md. ShahebAli Mridha
Md. Kazi Tariqul Islam
Sabera Aktari Jamal
Afzal Hossain
Muhammed Asadullah
A K M Kamnrl Islam FCA, FCS
Md. Nwul Alam Talukder
412,999,9n 41,299,999,000
100
100
100
100
t00
100
100
100
100
100
Totel 413,000,0(n 41J00,m,0m
Amount@ llXlStrtuJNeme ofthe directors100
100
100
100
100
100
100
100
100
Chairrnan & Direc'tor
Director
Director
Director
Dlrector
Director
Director
Director
Direcor
Director
Mr. Md. Ashraful Moqbul
Mr. Md. Fazlul Haque
Mr. Md. Mahboob Hossain
Mr. Md. Shaheb Ali Mridha
Mr. Md. Kazi Tariqul Islam
Mn. Sabera Aktari Jamal
Mr. Afzal Hossain
Mr. Muhammed Asadullah
Mr. AKMKamrul Islam FCA,
Dr. Md. Nurul Alam Talukderiotql ;i'"t" ]:lTotsl
72
t5.00
16.00
t5.01
t6.u2
l7.m
17.01
17.0r.01
l7.ot.u2
fi.4
l&00
Strtutory nclcrvc
Opening Balance
Add: Transfened during the year (2@/o ofpre-tax profit )
Closing Balance
othcr Rc*rvcr
Rescrvc for Unforpsccn loss
Resewe forCSR
Rererve for Uuforesecn Ianr
Balance at the beginning ofthe period
Transfcr to Reserve for Unforeseen losses
Rercrvc for CSR
Balancc at thc beginning ofthe period
Distribution during the Period
Transfer to Reserve for CSR
Ro,rtuetion Rcserve
Revaluation of investment
Assca Rcvrluation Rescrve
Rcveluetion of itrvcrtncnt
Revaluation Rescwe for Hcld to Maturity ([IIM)
Rcvaluation Reservc for Hcld for Trading ftIFT)
Balance at the end ofthe period
Revrlurtion Rerenve for Eeld to Meturity (EIM)Bola4c€ rt the beginning ofthe period
Add: Gain on Revaluation of Gaid(.oss)
Balance at the end ofthc period
Rcyrlurtion Rc*rvc for Eeld for Trading @Ff;Balance at the beginning ofthe pcriod
Add: Gain on Revaluation ofGaid(Ioss)
Balance at the end ofthe period
Arrrtr Revrluetior Rercrvc
Balance at the beginning ofthc pcriod
Addition during the year
Adjustment ofGoodwill
Bahncc at the end ofthc period
Surplur ia Prolit rod lds Account/Retrioed EerninE
Balance at the beginning ofthe period
Prolit duriDg the yeer
Net Profit After Tax
Trarsfcr to Reserve for CSR
Transfer to statutory reserve
Totsl Retalned Surplu!
Inbngible Assets- Valuation Adjustsnent fuC
Cunency transaction differences
Prior yesr adjustment ofSIL
Balence at the end ofthe period
10,199,682,013 E?U,t762E5 10,199,6t2,013 t,2l,/,,E76AES
ll7,0m,(m0 122,u0"533 ll7,tm0,(m0 122fl0,533
47,000,000 47,000,000 47,000,0@ 47,000,000
47.000.000 47.0(x),m0 47,1m,0m 47,0(n,000
16.01
16.02
l-
.
I
75,8r0,533
(t,937,32t)
3,126,795
60,8tE,856 | ZS,erO,S$ I
(12,478,e40)l (8,e37,32r)l
27,470,617 | ',rru,rttl
60,81E,E56
(t2,478,94o)
27,470,617
17.01
17.02
70,000,000 75"E10J33 70,(m,000 75X10,$3
7,424,t51,415
21,495,933,277
12,222,740,3ss
2tA95,913277
7,424,t51,415
21,495,933277
12,222,740,355
2t,49s,933277
2E92O,7E/,$v2 33JtW73$32 2tc20746n $11\6',R.$32
677.t 5E,887
6,747,692,528
678,E15,162
I 1,543,925,193
6n,15t,887
6,747,692,528
678,815,162
fl,543,925,t93
7A24$3tAts 12222;14O3SS 7,424p51,{15 DAI2;I4&3,SS
677,t5\87 67qEI5,162 677,1$87 67t"Er5,162
6,747,692,52t 11543,95,193 q747,69252t 11,543p25,193
2t195,933,277 2t,49s93],2n 21,495933,2n 2119s9t3217
21A95,93,3277 21495933277 21,495933,277 2lt{95933,277
( r 3,307,148,r l s) (7,5 19,7 r 8,t44) ( l 3,05 I,604,275) (7,282,619,?03)
5243223ffi 7t2)9t,AtB 3,17t,727,M2 t05r36'1,14
(E,063,923J07) {6,137327441) (7,t77,876A13) (6,477A$,559)
17.01.01
17.01.02
(6.s72,120,6E7) (6,s74,320,716)
(14,635,203,647) (r3J0?,14qtrt (l4,U9,W,Ur9l (13,Gt1,604,275)
In terms of the dccision taken in the meeting in the Ministry of Finance held on241032008, an amount Tk.65,743,207,158 is to be against
profit to adjust the intangible created for Accumulated loss of previous years out of Which Tk 59,171,086,471
2016. In order to adjrst2017.'
l0 years equally rest of the balance of Tk. 6,572,120,687 has bee'n adjusted
9.0E.01 (6,572,120,6E?',)
t40,34t
(6,s74,320,716)
6s244
4,434,09E
Notes Prrticulen Ref.Note
Amount in TrleConrolidrted Brnk
2017 2016 2017 2016
t284,t76,28s
t,914,t05,72t
7,@1,472,379
683,403,9ff
t2u,8762ts1,9t4,E05,729
7,@1172,379
6E3,403,906
47,m0,000
70,000,000
47,0(x),(x)0
75,810,533
47,000,m0
70,000,000
47,000,m0
75,E10,533
67t,t15,162
(1,6s6,27s)
67E,7tt,tM
96,97t
678,815,t62
(1,656,275)
67t,718,t84
96,97t
11,543,925,193
(4,796,232,66s)
I 0,E5 I.529.0t9
692,396,104
11,543,925,193
(4,796,232,66s)
t0,E51,529,0E9
692,396,|U
7,r6t,15t,032 | t,qgl,zos,szt I
(3,r26,7e5)l Q7,470,6n)l(t,e14,805,72e)l (6r3lo3,eo6)l
7,09t,660,385
(3,126,79s)
(r,9r4,r0s,729)
1,516210,66r
(27,47O,6t7\
(613303,906)
?3
to
19.00
19.02
19.03
Contingcnt Liebilitier & Conmitmcnts
L,€tters ofguarantee
Irrevocable l,etrcrs of Credit
Bills for collection
Money for which the bank is contingently
Direcors or ofEcers
Govemment
Banks and other financial institutions
others
Domestic
Overseas
Irrcvocrble L€tterr of Credit
Governmcnt
Domestic
Overseas
Less: Margin
Sub Totrl
Brnk end Other Finrnciel Inctitutions
Domestic
Oveneas
kss: Margin
Subtot l
Othen
Domestic
Overseas
Less: lvlargin
Sub Totrl
Totrl of (i+ii+iii)
Bills for collection
Payable in Bangladesh
Payable outside Bangladesh
liable in respect ofguarantee issued
19.01
19.02
19.03
3,3295s2,912
1,139,,160,10t,55t
5,3EE,279,735
2,312,598,13s
It7,750,197,605
6,t63,279257
3,129,652912
1,139,460,108,55E
5,388279,735
2312,598,115
It7,750,197,605
6,W3,279,257
1,14E,17t,(X1,205 l%,926.Jf14.997 I'l,lE l7q(NlrGt 196926iu49vt
Significant amount ofirrevocable UC has been incuned in 2017 because ofopening a special uc amounting to Tk. 96.246 crores in favor ofMinisry of Power, Encrgt
and Minerat Resourccs, Govemment ofthe republic ofBangladesh for Ruppur Nuclear power plant.
f9.01 L€tteFofgurrrnEo
Claims lodgcd with the bank company, which is not recogruzed as loan;
L
I
I,E05,564,876
2s,957,149
1,485,1E9,856
12,941,031
90t,445,73t
49,266,017
1,345,2t5,102
9,601,278
1,805,564,876
25,957,149
lJrs,r89,E56
12,94t,031
90E,44s,738
49266pt?
1,3452t5,102
9,@r27t
3329,652,912 2J1259&135 3329,632912 2J12.59qr35
| ,133 ,5E7 ,091 ,877 E2,996,037,521 l,133,5E7,091,877 t2,996,037,521
1,133,5t?,091,877 t2,996,037,321 1,113fi7,o91,877 82,996,087,521
I,133,5E7,091,E77 E2,99,6,0B7521 1,133,$7991p77 n;D6,037,521
822,s6s,024 541,4t0,000 E22,565,024 541J80,000
822,#5,424 541,'lt0'm0 t22,#5,924 3{l"lE0'000
822,*5,O24 541,480,000 Et22J6,S,A24 541,4tq0m
5,050,451,657 104r12,6t0,1[4 1050,451,657 llxr12,6E0,ltra
5,050,451,657 1U,212,680,0E4 5,050,4s1,657 104212,680,084
I,139,'160,1(8,558 1t7,750,197,605 1.139d{50J(n55E rE7.ls&'tnfis
s)t[,27eJ3s 6,M3219257 53tt 79,735 5#347!t,;57
(i)
(ii)
(iiD
!
19.03.01
19.03.02
19.fi1.01 Peyrble of Inhnd Bills (Divisionrl ofiicewire)
Dhaka-l
Dhaka-2
Chattogram
Klulna
Comilla
Faridpur
Rajshahi
Ringpur
Barisal
Sylhet
I
Not€s Psrticulsr!Ref.Note
Consolidated Brnk
20t7 2016 2017 2016
4,777,291,789
273,159,t6t
103,955,723974
256,956,1 l0
4,7n,291,7t9
273,159,Uit
101,955,723,974
256,956,1 l0
1,444,198,376
3,9,14,081,359
2,277,704,474
4,585,574,7E3
r,444,19E,376
3944,0t1,359
22n,7U,474
4585,574,781
2,157,5t5,250
I 15,405,537
4,713,6t7
1,015,643,810
t53,165,797
1,244,000
270,t67,U8
3,977,Tn
2,157,5E5,250
I 15,405,537
4,711,687
1,015,643,810
1s3,t65,797
1,244,000
270,167,048
3,977,721
7i
74
Amount
19.Gt.02 Peyable of Foreign Bills @ivirional ofiicewise)
Dhaks-l
Dhaks-2
Chatlogram
Khulna
Comilla
Faridpur
Rajshahi
Rangpur
Barisal
Sylhet
Mymensing
Overrees Brrnchct4581574rE3 3p4{,61,359 {5rs,s747t3
20.00
20.01 Intergt' dircouDt rnd cimiler income
lntercst income
Discount locome
20.92 Fec, commission and brokcrege
Fee
Commission
20.03 Adminirtrstive etpenlcs
Salaries and allowances
Rent" Taxes, Insurance, Electricity etc.
lrgal expenses
Postage, Stamps, Telecommunication etc.
Stationery, Printing Advertisement etc.
Managing Directors' salary and fees
Dircctors'fees
Auditors'fees
Intercrt Incomc
On loan and Advances
Interest on balance with other banks
institutions
Interest received from foreign banks
Others
Interest Income of lndian operation
IncoEc Strtement
Income:
lntercst, discount and similar income
Dividend Income
Fees, commission and brokerage
Gains less Losses arising from dealing securities
Gains less Lpsscs arising from invesonent securities
Gains less Losses arising from dealing in foreign cunencies
Income from non-banking assets
Other opereting income
Profit less Loss on interest rate changes
Erpen!6:
Intercst, fee and commission
Losses on loans and advanceVAssets (Intangible Assets)
Administrative expenses
Other operating expenses
Depreciation on banking 8ss€ts
20.01
20.02
25.00
20.03
21.01
2t.02
21.03
70,t7s942,t94 73517,W,Us 1ofi7s763i4[
7330,.,191549 6E Yr2rl29Jtll 733{XrJ9l549
lnterest income on treasury bills, reverse repo, bonds
lnter€st on debentue61,010,(D0,170 s9g44Jrs,m 61010.(D0,r70
\477533,7X 11,69q157,6!14 t47756,3:tX
Not6 Prrticul.NRef.Note
Amount in TaloConsolideted Brnlr
2017 2016 2017 2016
2,tt9,649,527
624,6t6,331
1,122,6E6,501
7,059,000
3,3t9,196,749
663,5r0,034
602,79E,000
2,tt9,649,527
624,686,311
1,122,68f,501
7,059,000
3,319,196,749
663,5t0,034
602,798,000
59,U4,723,440
1,09r,393A79
1 1,698,157,694
57t,249,776
313,418,1 88
61,010,020,170
9s6,56t,185
8,477,553,756
(243,t27,463)
674927,545
59,t44,723,440
1,091,19t179
11,69t,157,694
571,249,776
112,120,496
61,010,020,170
956,568,186
t,477,553,756
(243,127,461)
614,749,@9
42,899,799,505
6,574,320,716
15.526,83t,531
3,527,930,772
443,539,861
47,360,097,974
6.574,320,716
15,U4,455,524
3,233,850,531
496,766,tU
42,899,799,505
6.574,320,716
15,526,t3t,53 I
3,527,%0,n2
443,539,861
47,3@p7,974
6,s71,320,7t6
8,644i55,524
3233,850,531
496,766.,N4
27,674,490,306
29,661,7t9,415
2,50t,443,719
3 I,009,947,505
30,000,072,665
27,674,490,306
29,66t,789lts2,s08A43,719
31,009,947,505
30,000.072,665
132,753,775
l 1,565,403,919
75,372,E36
8302,1t0,920
132,753,775
l1,s65,403919
75,172,t36
E,402,1E0,920
14,191,050,179
1,023,543,967
52,296,007
72,331,t5E
l67,8El,37E
9,059,719
7,434,289
3241,834
14,312,926,177
973,679,064
46529,546
69,9t0,t94
225,341,621
7,932,942
4,E08,67'l
3,156,603
14,191,050,179
1,023,543,967
s2296,007
72,33 I,158
167,t81,378
9,O59,719
7,434289
3241,834
14,312,926,177
973,679,0&
$,629,546
69,9r0,894
225,141,621
7,932942
4,toE,6Tt
3,156,603
24,363,692,561
2,779,t58,766
32,385,69E
s45,r29,164
42,195,59t
28,368,066,605
1,989,563,r00
63 I,E92,69 I
30,003,067
24,277,74953s
2.777,934,r6t
32,3E5,698
s44225207
42,r95,59t
2tJ6,475,799
t9tt,ut246
630,620,39t
30,003,067
21.00
L€ss: Interest lncome transferred to Interest
and financial
.04
75
ti
\,
21.0r
E
Ir.n rtrd Advttrc6:
Ian!On Demand
On Small L,oan
On House Building Loan (General)
On House Building tpan (Statr)
On Other Staffl,oan
On Loan Under SBICS (Project)
On External Crcdit
On Working Capital to Industries -Hypo
On Working Capital to Industries -Pledge
On Loan Under SB Agro based Ind. Crcdit Scheme
On Working Capital to Agro based Ind. -Hypo
On Working Capital to Agro bssed Ind. -Pledge
On Agricultural Loan
On Micro Credit
On Losn agrinst Imported Merchandise (LM)
On Lran Agrinst Trust Receipts (LTR)
On Force Loan against Back to Back UC
On Bridge Finance
On Small Business loan Scheme
On Special Small Loan Progmm
On Probasi Karmo Sangsthan Prokalpo
On Education loan
On Foreign Education loan
On Sonali Credit
On Lrase Finance
On SME Financ{Wc to Ind.Scrv.Trad.)
On SME Finsncs
On tmn against Inland Bills
On Term toan to Freedom Fighter
On Small Tnding loan
Interest on portfolio loan to investors
On personal loan
On Term lnan to Bank and NBFI
On Special Loan - Interest Bearing Advance Rent
SuFtotel
Cash Crcdit
On Cash Credit General-Hypo
On Cash Credit General-Pledge
On Packing Cash Credit
Subtotel
Overdreft
On Overdraft Loan
SuFtotel
Billr Dircounted & Purchased
On Payment agninst Document
On Foreign Bills Purchased/Discounted{lean
On Foreign Bills Purchased/Documentary-Documentary
Subtotrl
21,087,t51,633 2!,722,162,1U 21,001,908,707 23,690t20,34E
124/i,0,1,786 2,436531;142 t?48gn,1u 2,1lJ6,531,712
1,819223fi7 2p14J29,16 I,El9?23,61 2,037rtt0,096
20t,545,475 195,243,613 208545,475 1951l[},6r3
24363.692,#t 2E36t.066.605 24277J49,635 2tffiA?5,799
2;779,1*,76 2;t77r93!,1.6E
2l.A lDterest on balence held with other banks and financial inrtitutionr
InterestonFDR\rithOtherBank I
IntercstonsTD!f,ithOtherBank I
21.00 IntGrBt r€ceived from foreign benks
On B.H.W. Forcign Bank
21.04 Others Interert income
On Advance Rent
On Interest Recovered from Interest
Intcrest Income from SECI
On Other lnterest Income
On Money at Call
Notes PgrticularsRef.Note
Consolideted BrnL
2017 2016 2017 an6
tE,174,947
9,901,951
43,723,6ts
2,233,962,674
146,776,535
1,615,679,384
6,935,78t
2,094,560,152
158,417,96t
636,469,692
711,099,4M
167,704,262
2,393,6E2,s27
527,603,3s8
9.279,tt2
2,126,66t,396
547,277,413
284.804,371
104,061,208
15,502,033
1,767,360
37,941
17,327,174
u2,260
r,697,919,769
147,177,s23
199,66,975
675,351,492
79,263
85,942,926
4,1EE,377,587
13,796,042
7,2t6,761
15,267,E91
46,665,E60
52,341,7U
1,947,102,257
137,669,7N
3,799,4r2,524
290,602
2,810,915,7E1
l 5s,596,8 I 8
553,778,01 I
1,659,838,702
589,653,715
1,959121,46E
628,381,364
3,?15,222
2,620,022,t09
t,49rp5 r,448
357,801,829
86,106,074
35,489,943
388,393
5,365,743
8,9il,46274,140,244
4,171,622
947,059,552
713,664,247
318,574,607
302,2t2,U9
1,n8,527
31,341,756
2,356,757,300
18,174947
9,901,951
43,723,6t5
2,233962,674
146,776,535
1,615,679,384
6,935,7tE
2,094,560,152
I 58,417,968
636,469,692
711,099,4M
167,7U262
2,3$,682,527
527,@1,358
9279,8n
2,126,661,396
s47,277113
2U,804,371
104,061,20t
t5,502,033
1,7673@
37,941
17,327,174
u22@t,6vt,919,769
A7Jn,s23t99,666,975
675,35tA92
79263
4,1tE,377,5t7
It,?96,U2
7286,761
15,267,891
46,665,E60
5234t,7U
1,947,1022s7
137,66.9,700
3,799A12,s24
290,602
2,fl0,915,7u
l55,s96,EtE
553,778,01 I
1,659,E3t,702
589,653,715
1959,423.J6t
62E,381364
1,715222
2,620,022,W9
1,498p51,44r
357,801,&29
E6,106,074
35,4E9,943
388,393
5,36s,743
t9t1,46274,14024{
4,171,622
947,059,552
713,664,247
31t,574,@7
t02292,u9t9ot,527
2,356J57,300
954,618,312
247,950,213
45,503,261
1,504,197,903
872,748,929
59,5E4,910
954,618,312
247,950,213
4s,503261
1,504,197,903
E72,74t,929
59,5t4,910
1,81922t,67I 2.01 146
200,179,2E6
7,988,575
377,614
192,396,573
2,271,46t
575,572
200,1792t6
7988,s7s
377,614
192,396,573
2,27116E
575,572
2,777,934,168
1,224,598
1,988,848,246
?14,8s4
2,777,934,168 1,9EE,848,246
32,385,69E
\L\nu,
1,031,410
531
122,145
12,707,639
122,t45
12,707,619
903,957
53r,395,423
l,03lJl0
1,272,29E
343,619,694
76
32Jts,69E
1,9t9563,100
32rr$69t
1'9tE t48'2,46
Teke
22.N lnterest peid on depocits end borrowings etc.
Interest on Deposits
Interest paid on Bonowings
Interest on otlers
22.0t
22.U2
22,O3
23.00
Interest poid on Deposit and bonowings oflndian operation
Interet prid on Deposits
Fixed deposis
Savings deposits
Short term deposits
Deposit pension scheme
S.B Special deposit & pension scheme
SafrProvident fund
Foreign currency deposits
Call deposit
Sonali Deposit Scheme
Education Deposit scheme
Medicare Deposit Scheme
Rural Deposit Schcme
Monthly Eaming Scheme
School Banking Schcme
Double Bencf( Scheme
Daily Profit Scheme
Triple Benefit Scheme
Millionaire Deposit Scheme
Retircment Saving Scheme
SB Retirernent Saving Scheme
Non Residant Deposit Scheme
Sonali Krishak Saving Scheme
Marriage Saving Scheme
Interest peid on Borrowings
On Bangladesh Bank Demand loan
Cdl Losn
REPO
O,thers
Interest psid oa othert
Charged on Written off toan
Intercst paid on CRR
Other Interest
ItrvgtDeot! Itrcome
Interest on Treasury Bill
Intcrest on Bangladesh Bill
Intercst on Trcasury Bond
Interest on Reverse Repo
On investsnent Income oflndian operation
Gain(loss) on investsnent of securities
Dividend income & Others
24.00 Commircion, Erchange end Brokerage
Commission
Exchange
Brokerage
Commission,Exchange. & Brokerage
42,n3J7E,754 47,352,935,110 42,t99;t99fis 47352$2E?ut
42,7tts.,t93252 u,lu)nw ,27t3,Set2tz uJu)920s3
453eq463 4610sJ46 44.E91J60
41,4t6,943 2,50 1,385,301 4tr'.t6,943 2,501,3r5,30r
2,301J85J01 41,4fi,943 2501JE5J01
30995$34,v19
22.01
22.02
22.03
24.01
24.02
Not6 Prrticulrr!Ref.Note
Amount in TeLe
Coarolidrted Ernlr
2017 2016 20t7 2016
42,7t3,t93,252
49,48r'',595
41,4E6,943
2E,313,964
44,7U,3929s3
4s,29E,463
2,501,3t5,301
2t,8s9,293
42,?t3,t93,252
46,105,34
411K,943
28,313,%4
44,7U,392,053
44,891,560
2,3olits,3ol21,t59293
13,&4A49,00s
8,360,851,052
2,t90,797,U5
2,132,657
1,932,625
1,824,952,895
87,730,090
95s,437146
560,721,12t
2,5 10,600,056
78,870,961
2.312,870,156
t6,809,247
7,262,716,610
t9.249.590
656,215,75t
t,'n6,532,987
13,4E9,129
t71,155,574
563,027
1,497,t42
294,115,379
t7,t01,585,39t
7,656,966,22E
2,666,503,770
4,955,631
I 3,E83,942
1,753,74t,560
t35,585
1,971,468
t92,1M,467
92E,3t4,613
2,315,546,E52
121,051,933
2,31s,0s927s
l 1,640,04t
6I59,5r0,369
13.62t,061
354,350,108
950.832,559
24,540,576
2s4,1t2,245
6,570,t90
298,033
236,309,U2
13,644,449pO5
8,360,85 t,052
2,890.,797,U5
2,t32,657
1,932,625
1,824,952,t95
t7,730,090
955,437,W
5&,721,121
2,5 10,600,056
78,870,961
2,112,E70,!56
16,809,247
7262,716510
19249,sn
656215,75E
1,116,5t2,9E7
13,4t9,129
171,155,574
563927
1,497,U2
294,315,379
17,801,5t5,39t
7,656,96622E
2,ffi,5$,n04,955,631
13,E83,942
1,753,748,5@
t35,5E5
1,973,468
892,10/.,67
928,tt4Slt2,315,546,852
l2l ps l,933
231s,05927s
I1,640,048
6,459,510369
13,628,61
354,350,10r
950,E32,5s9
24,s40,576
2s4,182,24s
6,570,890
29t,033
216,3@A42
18,197,295
|,287,300
40,99E,754
4299,709
38,197,295
7,90E,051
40,99t,754
3,892,806
8s9,279,853
2,508,U3,719
2t.t01,259,205
1,2s0,357
t2,t44A9t
682,027,666
l,l4l,607,504
2.151.555,il3
t,32t,t93A16
26,633223,1t2
I 8,1 23,65t
1r,024,327
(124,023,354)
984,537,987
859,279,E53
2,508,443,719
28,t01,259,205
1,250,357
t2,t44A9r
682,027,ffi
1,091,393,479
2,151,555,il3
1,321,r93,416
26,633223,132
18,123,658
11924327
(124,O23,154)
9s6,56t,tE6
8,401928,405
(t7597t,t79)
l4l
I1,565303.919
704,003,551
99J28,s29
E,572,337,77 |
( 175,071,t?9)
14r,193,716
fi,742,213,553
704,003,55 I
77
34,006,012,795
E496994,421
33,955J9E,77O mB67,665,17E
24.01
24.02
25.m
Commission
Commicaion A/C Cr. Belrnce
On Foreign Bills PurchasedA{egotiated
On Inland DD, MT,TT Issued/Cancelled
On Inland DD Purchased
On Govt. Receives & Disbursement
On Commission on Inland UC OPened
On Purchrsed & Sale of SharedSecurities
On Inland Bills & Cheque Collection
On Inland Bank Guarantee Issued
On Payment Order
ON Card & Underwriting Commission
On lncidental Charges & Settlement fees
On Lockers Fees, Profitable Management fees & Other fees
On Payment ofFood Procurement Bills
On Army Pension
On Civil Pension
On Foreign DD,tvfI,TT Issued Cancelled
On Foreign DD Purchased/fi Collection
On Foreign UC Opened
On Forcign Bills & Cheque Collection
On Forcign Bank Guarantee Issued
On Othen
On Wage Earners Development Bond
On Savings Certificatc
SUFlottl
Lrcs: Commksion A/C Dr. Balance
On Debt Recovery Agent
Sub-'total
Exchange
Erchrnge gein
Gain on F. Currency Tr&nsaction
Gain on F. Currency Rwaluation
Gain on Others
Sublotrl
Lesr: Erchenge Lo*t
Foreign Currency Revaluation
Lpss on Others
Sublotal
Other operating Income
Profit of Islsmic windows
Profit of Sonali Polaris FT Ltd.
Rent Received
Retum from Provision for X-Checker
Retum from Provision for Bonus
Sundries
Salery & Allowenccrr
Salaries @asic Pay, House Rent & Other Allowance)
Contsibution to Pension & Gratuity Fund
BanlCs contribution to provident fund
Medical Attendance.
Bonus to St8ff
Overtime
Salaries and allowances of Indian
q{n,l$,920
252,515 252,515
2s2Fls 2s2$15
rr;it422t3,553
395,201,631
7,317252
395,201,6t1
7317252
402,518pt3 {n,51t t3
7s.0ul55l 7U.003551
313,418,18t et4,927,545 312,12W96 674,749,1199
315,0fl) and Allowances Tk. 75,0fl) per month are included in salaries & allowances.
78
Noteg PrrticulersRef.Note
Consolidated Brnk
2017 2016 2017 2016
2,170,134,988
tu,40l,u266,244,135
4,617,737,E62
t,044,204,662
479,742,89E
66,M5,291
44,222,053
261,297,288
107,755,690
30,9t0,479
I I 8,19t,796
55.660,966
175,573,711
4,536,217
446,573
2,282,7tl,r81
32,228,901
766,977,717 |
I
249.037.340
I 5.991,655
3,s46,%7,U1
377,947,610
83,200249
69,t09,727
13,,143,098
247,763,541
29,882,t74
234,972,259
25,352,349
164,207,039
27,319,033
132,855,102
9,051,338
249,315
392,12t,657
I,108,337
19,257,t26
2,1c6,517,2t6
58,657,@3
2,170,134,98E
tu,401,u2
6,244,115
4,617,737,E62
1,w4,2u,62
479,742,E98
6,065,291
44,222,053
261297,2EE
91,457,176
18,752,69
I 18,19t,796
55,6f,0,96
1?5,573,711
4,536,237
446,573
2,134,497,871
32,228,901
76f,977,717
249,Ot?340
15,991,655
3,54tr,%7,U1
3n,947,610
t3200249
69,E09,727
13,443,098
247,761,541
29,157,3s4
223,820,707
t7,741,310
164207,039
27,319,013
t32,8ss,102
9,051,33t
249,315
392,121557
1,10t,337
t9257,t26
1,955,596,01 I
58,657,093
tt;742213$s3 L572590,afi
571,209,714
40,062
132,753,775
143,83t,907
t,235,261
75,372,t36
s71209,714
40,062
132,7$,n5
143,E38,907
8,23s,261
75,372,t36
704,003,551 227,447,W 704,003551 227A47,Ut4
1r,299,613
4\,748,208
10,3 19,785
250,050,582
6,5E9,1 53
27,m7,ffi
9,585,206
10.000,000
394,500,000
226,34s,s80
tt,299St3
41,748,20E
10,319,7t5
24E,752,8n
6,5E9,153
27,907,ffi
9,585206
10,000,000
394,5@,000
226,t67,1v
10,961,958,731
r,43s9s6,144
271,416,1t5
393,761,009
t,r51,735,707
44,06,1,127
\
10,706,865,305
1,331,622,420
2E7,443,077
65t,606,64t
1,103,664,056
47,37t,W
s5,46,9,E27
I1,1,u,130,592
l,435856,144
271,416,185
393,76r,009
r,1sl,735,707
44,061,127
54,037,274
10,E96,507,490
1,331,622,420
287,443,077
65E,606,64E
1,103,664,056
47,378,U6
ss,469,827
14,495,09E038 l4'191'Gl0'179/t43W6e2)64
26.00
'Basic Salary of Managing
Notea PrrticuhrsRef.Note
Consolidrted Benk
2017 2016 2017 2016
27.N Rent, TrL Inrursncg Electricity' etc.
Rent
Taxes
Service Charge of prcmises
Insurance
Power and electsicity
Rent, taxes, insurance, etectricity etc. oflndian operation
2&00 Legrlerpenres
Law charges
Iaw charges oflndian oPcration
29.00 Postrgc, StemP0, Telecommunicrtiotr
Postage &Telegram, telex and fax etc.
Stamp
Telephone
Postrgg, stamps, t€lecommunication of lndian operation
30.00 Printing,Stetionery,Advertisement,etc
Stationery & Pnnting
Advertisement
Stationery, printing and advertisement etc. of Indian operation
31.00 Chiefcxecutive'r srlrry rnd fecr
Chiefexecutive's salarY and fees
Chiefexecutive's salary and fees oflndian operation
32.00 Dircctors' Fees & Eonoriumi
Directors' fees & Honorium
Directors' fees of lndian operation
33.00 Auditon'feec
statutory Audit fee
Audit fee oftndian operation
34.00 Depreciation rnd Reprin et Bank's Assets
Deprecietion:
A) Premires (lncluding l,end & Building)
Premises
tiuilding con
Subtotrl
B) Derd $ock
Fumiture
Electric lrstallation
Computer Software
Computer Fla,rdware
Type Writer Mschine
Motor Car & Other Vehicle
Library
Subtot!l
Kolkrta Brsnch
Siliguri Branch
SuFtotrl
Repairs:
Repsirs to BanlCs Assets
Repoirs to Bank's asscts
Subtotal
9t2,7E1,329 1.023543p67 nt579M4
57296,0U1 6,629,96 s2a96W 6.629,5{1;
16t.067.491 225529$54 l67JEl37t 22igr,62l
i
: 9.059J19 7932942 9,Ut9,?19 7912942
7,
rEsch Director is paid Tk. 8,fix) per me€ting per attendance as per Bangladesh Bank's BRPD Circular no. 1 1 dated 04 october 20 I 5
3J34.E34 3r1t.5{13 3141,E34 3.1s6600
39,55 1,306 29,194,E97 39,551,306 29,194,E97
39.5sr3{16 t,tg4svt 395s1J06 29.194$vl
3130,343 3,4qlr6t 3130,343 3A90.,7o
,143,10!r'90!)
487,504,179
18,722,477
132,000
374.413,t33
13t,t23,9 l2
11.3t6,767
4E2,391,750
21,427,677
242,440
326,117,286
14r,989,024
10,613,592
480,640,729
lE,722,477
374,34t,t38
t38,445,156
tt3K,76?
474,094,W
2tt2?,6n
326,052991
141,489,904
t0,611,592
52,200,490
95,s17
46,6t4,543
15,003
52,200,490
95,517
46,614,543
15,003
11,23E,6s7
9,7E3,232
45,462176
5,991,072
6,E54,404
5,00t,t2E
52,93t,672
5,174,675
tr2tt,57r9,740,9t2
45,367,533
599t,072
6,t44,1 l0
4,947,10t
52,$s,001
5,374,675
143,495,117
23,229,20E
1,343,166
177,019,186
47,696,767
il3,901
143,129,W
23,2@,208
1,343,165
176,U2,4s3
47,6E5267
il3,901
4,E00,000
4,259,719
3.916,559
4,016,3E3
4,E00,000
4,2s9,?19
3,916,559
4,016,3t3
7,896,2N
5,289
4,7t9,750
lE,927
7,429,000
52t9
4:7t9,750
It,v27
2,765,500
569,334
2,292,000
926,@3
2,672,5@
s69,334
2230,000
926,@3
67,454,004
72,355,091
53,308142
166,000,082
90,487
42,5t3,955
536,199
E4,852,E9
E6,205,621
51,719,ETt
193,0t5,032
109,il7
52,906!36
730,597
67,034,607
72p5,65r
$,0n,u2166,000,082
90.A87
4r,922,144
536,199
83,291,699
t3,724,762
51348,6n
t92,529,14t
109,fl7
52,3M,417
710,s97
3,150,309
80,034
3,2M,77t
245,990
3,150,309
80,034
3,244,7E0
245,990
62,203,10t
240,665
71,9t99t4 6t,633256
240,65
70,736As6
79
62,U3,773
!
35.00
36r
37.00
3t.00
erPetrlesRepois to Rcntcd Property
Consultant fees & Bank Charge
Books and News Paper
Pay of Police gurds.
Motor Car Running 8nd Maintenance
Entertainment
Sundries
Traveling Expenses & VAT Expenses
Lunch Subsidy
D,onation/Subscription
Liveries to Staff
Sports
VISA-IRF
Computer llsrdware Repairs & Maintenance
Computer Software Repoin & Maintenance
Rent of Connectivity/CcTv/Intemet Etc.
Training Expenses
Bangla Nabobosho Allowance
Washing Allowanoe
Cash Transportation
Business Developrnent
Desth relief Grant fimd
Honorarium to stalf
Genentor Maintenance
Staff welfare & Miscellaneous Expcnses
Operation & Maintenance Cost ofExecutive Csr loan
VAT expensc
Recreation Expenses
Ioss on disposal of Securities
Otha expenses oftndian operation
Provirion for Loens and Advtncec
Provision for Classified lpans & Advances
Provision for Unclassified loans and Advances
Total amount ofprovision made during the year
Other provirioos
Provision for other assets
Provision against Off Balance Sheet exposure
Provision for rebate on good borrowers
Provision for loss of Sonali UK Ltd.
Provision for NOSTRO A/C
Provision for Bonus & Exgratia
Provision for Balancc with BB
Provision for financial assistants
t46s,eoo,oooll
t4,194,348(46t,r0o,ooo)l
- 3,472,746.623 3.169.116.U1O 3.466.0s6,E5r 3.163.1r4.(n5
14.1943,1E (458.E(xIm)
ln rcsponsc to Bank request dated 3l January 201E, Bangtadesh Eank weaved the Bank through vlde no- ERPD (8Fls) 66V148(P)120L8-16L1' dated 28 Febuary 2018 to
maintain additional required proyision atainst undassified and classiffed loans & advances lnduding writ fo. the yea. 2017. Bank has complled that
Provirion for diminution in value of investment
Dealing rccurities
Quoted
Unquoted
Ilv€rtmcnt lccuritie!
Quoted
Unquoted
Debelturc (Public rnd Privete)
7,977$12 o1,419)25
I
414,505,200 7,977,612 414,505,200
56,944,125
300,000,000
57,718,653
1,705,468
1.550,000,000
468,r00,000
4,000,000
66,162,t69
(s50,268,180)
50,000,000
18,431,551
1.250,000,0m
3,000,000
300,000,000
57,718,653
1,705,46t
1,5s0,000,000
468,800,000
6,162,b9(55026E,r80)
50,000,000
I t,431,55 I
1,250,000,000
;
E
38.01
2382224,r21 E37326240 2A7t,224,121 8B,432624/D
3ta ln response to Bank appeal dated 3l January 2018, Bangladesh Bank weaved the Bank rhrough vide no- BRPD (BFIS) 661/l4B0y20l8-16l I dsted 2t February 20lt to
maintain additional rcquired provision against other assets for the year 2017. Bank has complied that.
Jtb As per BRpr5iircular no. 14, date 23 sep 2olz, lo; provision should be maintained aginst off- balance sheet items except the criteria mention in the BRPD circular no
01, date 03 January 201g. Bank has maintained suflicient provision in the books ofaccounts agBinst offb8lanc€ sheet exposure. In response to Bsnk appcEl d$d27Novembcr 2017, Bangladesh Bank weaved the Bank throuei vide no- BRPD (plY66ltl3],2ol7-7860 dated 22 November 2017 to maintain additional rcquired provision
ageinst UC ofRuppur Nuclear Power ye,ar 2017. Bank has complied that.
39.00 Cesh Receivcd from Other
Exchange
Other operating income
3
Amount in TeleBrnkConsolidated
2017 2016
Ref.Note
20t7 2015Not€c Prrticulers
25,826,416
896,9?3,586
101,770,203
52,551,610
537,6t1,716
143,E48,815
?15,535,5E9
22,153,000
13,421,7t1
6,E47,5 I t9J16
26,0&,(x)5
1M,223,597
52,597,15t
44,650,234
107,239218
1,796,025
68,876,905
I 1,691,t20
30,700,000
t,t99,tto60,896,131
19,725J623t291,s35
s292,026
136,676,7t9
20,E50,469
6,94r,680
23,W,U3640,1 1r,665
109,456,1t3
51,7t9,475E6p3t,709
t54,177,616
77t,422,34t
22,041,t28
14,972,9n
10,387,625
21,t59
tl:t58,72361,56s222
17,507,555
t4,748,067
98,291,742
829,174
68,456,5E0
13,02t,650
E,t00,000
8,01 I,t6459,3E1,603
14,6/'5,ffi213,165,9tt
170,74s9t1
32
22n,9932290,993
1,117,268
23,E85462
640, I 1E,665
109,466,1E3
s2.l 13,530
5t6,038,709
ts4Au,569779,4r092E
22,298,131
t4,972,9n10,3t7,625
21,859
t3,75t,721
6t,565,222
t7,507,555
14,748,067
98,291,742
t29,174
6E,456,5E0
13,E62,695
8,800,000
8,024,364
59,38 r,603
15,730,753
213,865,9tt
E27,437
t70,745,983
5,994,132
5,292,026
1,572,17t
2s,931,596
t97,134,006
t03,770,203
s3,l 13,400
537,6E1,716
143,987,34
716,353,469
22,337,460
13,421,781
6.847.5 I 8
9,716
26,081,095
t06,223,597
52,s97,351
44,650,234
107,239218
1,796,025
68,876,905
t2,661,057
30,700,000
E,t99,880
60,896,131
20,379,0?7
23t,291,535
t,526,147
136,676,7t9
20,E50,469
6,94E,680
3t2,120,496674,927,s4s3t E,188
for the
80
56,944,125
t
40.00 Crrh prid forOther Opereting ActivitlesRent
Taxcs
Insurance
Rcnt, Taxes lnsuance oflndiaa operationLew ClurgesPostrge
Stamp
Telephonc
Posage, Stanp, Tclcpbore oflndian opcrationAuditon Fees
Advcrtisernent
Strtionery, Printing Advertiscment of Indian opcrationDirector Fecs
Repairs to Banks PropertyRepoirs to rcntcd property
Pay ofPolice Guards
Motor CarRundngMaintaince of Exccutive CarEntertainment
Sundries
Traveling Expenscs
Lunch Subsidy
DonationLiverics to StaffSports
Computcr lhrdware Rep.
Computcr Softwarc Rep.
Rent of Connectivity/CCTvTraining Expenscs
Bangla Naboborsho
Washing Allowancc
Cash transportationG€nerator Maintenanc€VISA-IRFAdju*ing A/CBusiness DevelopmcntDeath Relicf Grant Schcme
Rccrcation Expcnscs
Exchangc loss
Paid for CSR expenditureSewice charges of promises
VAT expense
Curracy Eusldion diffcraces
Consultant fees & Bank Charge
Other expenscs oflndian operationRepain to BanlCs asscts oflndian operation
41.00 Increme /@ecreuc) of Othcr ArrctrInvcstmcnt in SECILong tcrm Loatr to Subsidiary Company(SECI).Stamps in hand
Sutionery in hand
Advance Rent
Branch Adjustment
Suspense account
Draff Payable account @x-Advice)Govt. Draft Payable Account (Ex-Advice)ProtgtcdBillsWagc Eamers'Fund Puchasd Adj. A/C.
Adjusting Accout Debit Bahnc.BRDB TCCA Crop Loaos PeDd Int ExempionBRDB UCCA Croploans ExernpionSettlement Account (Islamic)
lnvcsfiient in foreign ourrency A"/C
Demand Drafls purchased
Pension Bill Purchase(Army)Pension Bill Purchased(Civil)PSPIBSP Encashment
Agri- Excmption A/C Affected By River ErosionNRTA/CDr. BalanceArmy Pension Bill Purchascd A./C NewOverseas Branches
Other rcccivablcCoupon intercstSecurity Deposits
Advance Cover
!
(455s.6r695n (429t,76/,S7tl (s4,.t72.ffi1 (4276.t74.7041
i-
t-
Noto! Prrticuhn Ref.Note
Amount in TrlrConrolidetcd Brllr
20t7 2016 2017 ,nrc
(4t7,5M,179\(tt,722,477)
(374,4t3,133)(n,386,767)(52,296907)(l 1,238,6s7)
(9,783,232)(4s,462,476)(5,99t,072)(3,334,r34)
(23,229,20E)
(E,937,328)
( r 32,000)
0.526,r5r)840,346
(t,s72,t7E)(6,94t,676)
(240.665)
(7,90 r,489)(62,203,108)(5,292,026)
(897,134,006)(t03,77O203)(23r,291,535)
(s3,1 13,400)
(537,681,716)(143,987,364)(7t6,3s3A69)(22,337,460)
(r3,42 1,78r)(6,847,518)
(26pil,0es)(tM,223,s97)(52,s97,351)
(u,6s0,234)(107,239,21r)
(t,796,025)(68,876,e05)
(60,196,1 3 1 )(9,716)
(36,995,070)(r2,661,0s7)(30,700,000)
(136,676,7E9)
(412,391,750)(21,427,677)
(326,n7,286)(10,613,592)(6,629,s46)(6,154,404)(5,001,r2t)
(s2,91t,672)(s,374,675)(3,21r,603)
(47,696,767)(E13,901)
(4,E2t,tn)(7t,989,984)
Q,290,991)(640,1 18,665)
(r09,466,113)(213,r6s,9$)
(52,1 r3,s30)(st6,038,709)( I 54,404,569)(7791t0,02E)(22,298,t3t)(14,972,990)(10,3t7,62s)(t3,7st,723)
\6t,s6s222)(17,s07,555)(14,748,067)(9t,291,742)
(t29,t74)(6r,456,580)(59,381,603)
(21,t59)113,637,90(13,162,695)(8,t00,000)
(r70,745,983)( l 8s,38 l,s4r)(t2,478,940)
(242,0o0)(827,44t)
65244( 1,317,26r)(s,994,132)
(4E0,6/,0,n9)(18,722,477)
(374,34r,13r)(1,386,767)(s22%p07)(l 1,231,571)(e,740982)
(45,367,533\(5,99t,072)(3,24r,E34)
(2320e20E)
(7,4t42E9)(6t,6112s6)(s292,026)
(896,973,s86)
(1o3,770203)(23t29t,s35)(s2,551,6r0)
(s37,6tr,7t6)(143,t48,E15)(715,535,519)(22,t53,000)(t3,42t,7E1)(6,t47,51E)
(26,0E1,095)
(t06.,223,s97)(s2,597,3s1)(u550234')
(t072t9,21t)(1,7%,025)
(6r,876,905)(60,196,131)
(9,716)(36,995,070)(l 1,691,r20)(30,700,000)
(136,676,7t9)
(8,937,32E)
(6,e4E580)
o40.66,51
(4749e4,w)(21A27,677)
(326,052,991)(10,613,592)(6,629,s46)
(6,144,1 l0)(4,947,10r)
(52,il5,001)(s374,67s)(3,156,503)
(47,685,267)(il3,901)
(4,mr,677)(70,736,4s6)(2290,993)
(640,1 1t,56s)(109,466,113)(2l3,165,eEr)(5t,739,467)
(586,038,709)(ts4,t77,6t6)(77t,422,34E)
(22,Ut,t2t)(t4,972,99O)(10,387,625)(13,758123)(61,565,222)(17,507,555)(14,74t,067)(et291,742)
(E2e,r74')(6r,456,580)(5e"381,603)
(2r,rse)I13,637,90(13,028,650)(r,r00,000)
(170,745,983)(r E5,381,s4E)(t2478,940)
(5,994,132)
(657,382)
50,526,62E
33,629,207
45,91t,?4t,996(62r,r 19,363)
13,tt5,730(16,979,6E5)
(136,006)
9,141,551
r,06?,2t2,s4s
(27,772,036)
3,323,453,s00(26s,71t,934)255,766,151r02,232,803
(1,706,$0,E93)1,E94
654,683
(r,307,65 l p26)(l,l0r,l l 1,562)
220,73E,754
(r,07t,e26,6e1)(248,644\
2t,94s,779fl.163.925)
53,276
(E,369,424)
4E,54t,039(44,163,073,62t)
(293,587,e1t)
16.9ol,67?694,6t
8,347,N32,t92,3s7,895
(1,228,805,025)16t,476,977
934,766,023(s,9r3,739)
(3,323,4s3,500)
5,402,779
657,667,203(1,0792t7,600)
(827,77t,509)(l,Ee4)
3,6002O4,169(1,79398/.,6t4)
(522,798,23s)
(r67,099,828)( l, l 50, t 89,209)
(t2,432)(1r,s73,733)
1.025-932\
(3,t00,000)
3J75,m0(657,182\
s0,s26,62833,629207
45,918,74t,996(628,ile363)
13,t85,730(16,979,685)
(r36,006)
9,14t,5511,067,282,s45
(27,772,036)
3,323,453,s00(265,7t8,914)255,766.,151
102,232,E03(r,706,880,193)
r,t94654,6t3
(1,307,6st,026)(l,l0t,l l r,562)
(t,07t,926,691)
\unu5
16,N1,677694,61
8,347,4032,t92,3s7,E9s
161,476,977
934,766,02t
(3,323,453,500)
5,402,779
657,667,203(1p7e2r7,600)
(t27,771,s09)(1,8e4)
3,ffi204,16t(1,793,gtr'.,614)
(522,798,23s)
(1,rs0,1E9,209)
48,54t,039
(293,5t7
(l
(5,er3,
8,65tJ0253276
Others Curent sss€ts
8l
!
Notcc PrrticulrnRef.Note
AEount in Tekr
Conrolidrted Brnk
2017 20t6 2017 2016
l-
42.m Increase / (Decre.se) ofOther Liabilitiel
Closing other liabilities:
Provision for Classified loans
Interest Suspense
Provision for Other Assets
Sonali Bank Employees' Pension fund
Adjusting A,/C Cr. Balance
Sundry DepositsGlO)
Provision for Bonus/Exgratia
Provision for NOSTRO A/C
Provision for X+hedker
Balance in F.C Clearing Account
Balance Held with Foreign Bank abroad (Cr Balance)
Sirajganj Integrated Rural Development Fund
Foreign Currency Fund Purchased A'/C
I.D.A. Service Chargss 765 B.D.
Foreign Correspondent Charges
Exporter Forcign Cunency Retention Quota
Agro Based Industrial & Technolog Dev. Proj.
BB Refinance Scheme for SML of Tk. l0
BRDB/IJCCA Crop Loan Intt.& P.Intt. Reserve A/C.-1994
BRDB/UCCA Crop [.oan Intt.Reserve A"/C.-2001
Provision for rebate on good borowers
Provision for loss of Sonali UK Ltd.
Coupon interest income account
Income Receivable in Advanc€
Provision for salaries
Asian Clearing Union (VOSTRO)
Employee tax dcducted
BB Refinance Scheme for SME (Ren. Enerry/Solar Energy)
Revolving firnd againsl l.D.A. Credit -725 B.D.
Payable for Client Sale
Others liabilities of subsidiary
Portfolio Margin Deposit Conrol
Remittancc Payable to Beneficiary
Refinancc fund for Milk Product and Artificial Inse. Scheme-RCD
B.B Refinance Scheme (200 Core) for Jute Sector
Overseas Branches
43.00 Cesh and crsh equivrlents
Cash in hand (Including foreign cunency)
Cash at Bank
Balance with Bangladesh Bank
Money at call on short notice
Balance held with other bank
Prize bonds in hand
u.N Errnings per Shrre (EPS):
Net profit after t&x
Number of ordinary shares outstanding
Eamings pet share (EPS)
44.01 Weighted everrge numbcr ofordinlry !h.rs oustsnding
30,000,000 Ordinary shares outstanding for 5 days (2017)
3t3,000,000 Ordinary shares days (2016)
79t4,422383 1,139r2E 56t t 0514tE E65 91E 135,019
t79.4942969m 122.777.5755E9 179.rm.611pl9 122.55&1E3J}B
3.90 3.9644.01
18.6E l&g)
lt
Jr
a(('
5,660,990,857
(690,929,47s)
(192,$3J07)
6s6,90t,126
370,2791t2
491,32s
1,07E,926,693
16,104,754
(3
t,u5,875
(108,'
(21
(4t7,142,
37,941,067
(l,t
120,242,500
20,000,000
19135E,309
624,6t1
51,328,029
167,861,408
153,763
4,v5,510,ffi
(2,360,07993
18t,577,078
?49ttt,u2
(530.fl2)
(15,540)
(24,822,2t9)
1,150,t89,209
(699,999,962)
(27,86,9,939)
(6,010,577)
712,275
774,058
624,679
82322s0(2,054,1
(79,@r
Q2,747
(el,'
5,660,990,t57
(192,813,407)
656,908,126
370,279,4t2
493,325
1,07t,926,693
16,104,754
167,86t,40t
153,763
(3 16,568)
8,645,t75
(2,106,613)
(21,1
(2,816,250)
(4t7,142,
(17t,907,1
8,309
624,681
51,328,029
(1,153,404)
37.941,067
4,t69,966
2E,077,2U
120,242,500
20,000,000
4,545,510,606
(3326e)
(2,360,079,931)
It8,577,078
749,4t8,U2
(306,901,064
624,679
(2,t8r'.,472,913)
(530,il2)
(r5,540)
I,150,119209
(e1,7e6,427)
(699,999,962)
(27,869,919)
(24,822,2r
8,2322s0
(2.054,1
(79,091
(22,747,1
7t2,275
774958
9,632,296
170,t89,246
3,E35,12 t
37,916,EE6
5,1 12,714,589
82,883,273,174
22,564,E00,000
68,E72,230,47?
61,275,750
62E9,949,137
73,791,502,625
3,586282,0m
39.039,U2,397
67,999,430
5,112,714,589
t2,88t,273,174
22,564,E00,000
6t,568,54t,406
61,275,750
6289,949,117
73,793,s02525
3,st62E2.000
3t,E20,750.1 l667,999110
7,16t,t58,032
383.4 I 0,9s9
t,493,265,927
383,000,000
7,091,660,3t6
3r3,410,959
1,516210,668
383,000,000
4 t0,959410.959
383,000,000
t2
45 Committee
Audit Committee of Sonali Bank Limited has been constituted by the Board of Directors as per BRPD Circular No. 12 dated 23
Decernber 2002 comprising the following members:
stNo.
NrmeStrtus ln thc
BenkStatus with the committce Educrtionel qualificetion
I Mr. A.K.M Kamrul Islam FCA, FCS Director Chairman(Hoos.), M.com
FCS
2 Mr. Md. Mahboob Hossain Director Member M.Sc. (Boany)
J IvIr. Md. Shaheb Ali Mridha Director Mernber B.sc (Hons.), M.sc. @hysics)
4 Mrs. Sabera Aktari Jamal Director Member B.A (Hons.), M.A @conomics)
5 Mr. Muhammed Asadullah Director MemberB.A (Hons.), M.A (DeveloPment
Economics )
Duties and Responsibilities of the Audit Committee:
i) To Evaluate intemal control and compliance, risk managemurt, computerization and system of MS of the bank
ii) To rcview annual financial statements of the bank and exchange views with external auditors and Bank management in the regard'
iii) To consider if the recommendations made by intemal & Extemal Auditors are in order to develop intemal contol strategy by the
Bank Management.
iv)To review as to whether the rules and regulation made by contolling authorities like Bangladesh Bank and otho reguluory bodies
are duly followed.
v) To appraise the Bank's Board of Directors regarding Lapses and errors/ Frauds & Forgaied otho irregulrities detected by intemal
auditors, extemal auditors & Bangladesh Bank inspection team and corrective measures taken for the Pupose ofeffective control.
During the year 2017 the Audit Committee has conducted 15 (Fifteen) meetings in which arnong others, the following issues were
discussed:
i) Comprehensive inspection reports of Bangladesh Bank including status of Compliance thereof.
ii) Inspection reports of branches/Head Offrcc conducted by Bank's internal inspection team.
iii) Financial Statements of the Bank.
iv) Halfyearly accounts of20l7 ofthe bank.
v) Status of compliance of different nrles and regulations.
Annual frnancial statements have been discussed with the External Auditors in the Audit Committee meeting held on 30 April 2018.
46 Related Party Disclosures
Nrmc of thc Boerd of Dircctors end the cntities in which thcy had interest as rt 3l Dcccmbcr 2017
No. of SheresPosition
Name of the firms/ComPrnies in
which intcrcsted ss ProPrictor'partner, director, menaging
rsent. susrsntor, emPloyce etc.
Stetus withthc Bank
sL.No
Namc
INilNilChairmanMr. Md. Ashratul MoqbulINil IDilector Nit2 Mr. Md. Fadul Haque
INilNilDirector3 Mr. Md. Mahboob HossainINilNilDirectorMr. Md. Shaheb Ali Mridha4
Nil IDirector Nil5 Mr. Kazi Tariqul IslamNil INilDirector6 Mrs. Sabera Aktri Jamal
INilNilDirector7 Mr. Afrd HossainINilNilDirector8 Mr. Muhammed Asadullah
IParherIslam Aftab Karmrul & Co.
Chartered AccountantsDirector9 Mr. A K M Kamrul Islam FCA, FCS
NilNilDirectorl0 Dr. Md. Nurul Alam Talukder
I
d
83
\,
47 Relrtcd party/(ies) trrnsaction
The bank generally carried out tansactions in the ordinary course of its business at ann's length at commercial rate as per agreements
wittr different related parties. The bank also renders services to the Govemment in various forms, which are not quantified. However,
as of the date of the financial statements the Bank had no transactions with the Director of the Bank as a related party. During the
year, the bmk had some quantified transactions with the Government (Sponsor/Share holdo) as defined on BRPD Circulu nol4
issued by the Bangladesh Bank on 25 March 2003 are listed below:
TrensectionOutstandlng
Brlencc(Crore)
RemerksRelatcd by Status with the Relrted PrrtYName of the Rclated Prrty
Letter ofGuamtee
180.56Concemed Departsnent of the
GovemmentSponsor/Share
holderGovernment (Note- I 9.0 I )
Letter of CreditI13,358.71Sponsor/Share
holderConcemed Departnent of the
GovernmentGovemment (Note- I 9.02)
PSB/BSP
Encashme,nt564.64Sponsor/Share
holder
Concerned Departnant of the
GovemmentJatio Shanchaya Bureau (Note-9.8)
Pension
bills(Army)421.24Sponsor/Share
holder
Concerned Departrnent of the
GovernmentGovemment (Note-9.8.)
Pension
bills(Army)New793.26Concemed Departnent of the
Government
Sponsor/Share
holderGovemment (Note: 9.8)
Pension
bills(Civil)227.21Sponsor/Share
holder
Concemed Deparrnent of the
GovernmentGovemment (Note: 9.8)
Non Funded
lnst5,958.48Concemed Departnent of the
GovemmentSponsor/Share
holderPower Development Board
Non Funded
Loan662.86Sponsor/Share
holderConcerned Departnent of the
GovernmentBangladesh Petroleum CorP.
1,613.89Funded &NonFunded Loan
Sponsor/Share
holder
Concemed Departrnent of the
CovemmentBangladesh Agricultural Development
Corp.
3,472.80 Funded LoanSponsor/Share
holder
Concerned Departsnent of the
GovernmentBangladesh Sugar & Food Ind. CorP
Non Funde.d
Loan443.07Concemed Deparrnent of the
GovemmentSponsor/Share
holderElectric Generation ComPanY Ltd.
Frmded & NonFudedloan
4,288.82Concerned Department of the
GovernmentSponsor/Share
holderDirectorate of Foo4 Food MinistY
llon Funded
Loan15.00Sponsor/Share
holder
Conccrned Departnent of the
GovemmentDeparunurt of Gas Transmission Company
Limited (GTCL)
Non Funded
Loan3.79Concemed Departnent of the
GovernmentSponsor/Share
holderDepartnent of fue service & Civil Defense
NonFrmdedLoan
12.05Concerned Departnent of the
GovemmentSponsor/Share
holderDepartrnent of Disaster Management &Relief
Frmded Loanr0.70Concemed Departrnent of the
GovemmentSponsor/Share
holderBangladesh Textile Mills Corporation(BrMC)
4.27Non Fruded
L,oanConcemed Departnent of the
GovemmentSponsor/Share
holderBangladesh Betar
100.06 ,'mNSponsor/Share
holder
Concemed Deparrnent of the
Govemment'"ffii"National (NBR)
*
84
I
I
-
l
TrensectionOutstanding
Bahnce(Crorc)
RcmrrksRelated by Stotus wlth thc Relrted PertyNrmc of the Related Prrty
Non FmdedLoan
Concemed DeparEnent of the
Govemment339.47
Bangladesh Petroleum Exploration &Production Co. Ltd.
Sponsor/Share
holder
Non Frmded
LoanConcemed Department of the
Government355.03Eastern Refinery Limited
Sponsor/Share
holder
Non Funded
LoanConcemed Departnent of the
Govemment0.90Padma Oil Co. Ltd.
Sponsor/Share
holder
22.t9 Funded loanSponsor/Share
holderConcemed Departrnent of the
GovernmentTrading Corporation of Bangladesh
493.48Non Funded
LoanSponsor/Share
holderConcemed Departnent of the
GovernmentBangladesh Biman
14.60Non Funded
LranSponsor/Share
holderConcemed Departrnent of the
GovernmentDhaka Wasa
451.43Non Funded
LoaSponsor/Share
holderConcemed Departnent of the
GovernmentChinagong Port Authority
Non Funded
LoanConcemed Departrnent of the
Government7.34
Bangladesh Standard Control & Testing
hstitute(BSTDSponsor/Share
holder
Funded toanConcerned Departnent of the
Government9.89Dhaka Unversity
Sponsor/Share
holder
FudedtnmConcerned Departrnent of the
Government95.00Palli Daridro Bimochon Foundation @DBF)
Sponsor/Share
holder
Non Funded
LoanConcemed Deparfrnent of the
Government33.90Essential Drug Co. Ltd.
Sponsor/Share
holder
29.83Non Funded
LoanSponsor/Share
holderConcerned Departnent of the
GovernmentMilk Vita
1,452.78Non Funded
LoanConcemed Deparfrnent of tlreGovemment
Sponsor/Share
holderBangladesh Bank
Non Funded
Loan23.42
Sponsor/Share
holder
Concemed Deparment of the
GovemmentBangladesh Telecommunication
Co.Ltd.@TCL)
Non Funded
Loan25.22Sponsor/Share
holderConcemed Departnent of the
GovemmentTSP Complex Ltd.
Non Funded
Loan15.53Sponsor/Share
holderConcerned Deparrnent of the
GovernmentBangladesh Cable Shilpa Ltd.
9.13Non Funded
LoanConcerned Departsnent of the
GovernmentSponsor/Share
holderBangladesh Police
Non Funded
Loan1.39Sponsor/Share
holderConcemed Departrnent of the
GovemmentCentral Medical storage DEPO (CMSD)
13.53Non Funded
[.osrConcemed Departnent of the
GovernmentSponsor/Share
holderRapid Action Batelion (RAB)
440.21Concemed Departnent of the
GovemmentSponsor/Share
holderBangladesh AirreN
frt)
!
85
,ffi
I
!
I
E
48 Event rfter thc Brlance Sheet drte
NoFinancial
since the Balance Sheet date, which would require any adjustmurf or disclosure to
t
Nrme of the Rclated Prrty Rclatcd by Strtus with the Rclated PrrtY
TrrnsactionOutstending
Belencc(Crore)
Rcmrrks
Karmasangsthan BankSponsor/Share
holderConcerned DeparEnent of the
Government150 FudedLoan
Bangladesh Ordinance FactorySponsor/Share
holderConcerned Departsnent of the
Governmentl1.9
Non Funded
Loan
Bangladesh NavySponsor/Share
holder
Concemed Departrnent of the
Govemment421.40
NonFmdedLo@
Bangladesh Coast GuardSponsor/Share
holderConcerned Departnent of the
Govemment526.40
Non Funded
Loan
Burgladesh Atomic Energy CommissionSponsor/Share
holder
Concemed Departnent of the
Govemment94,619.40
Non Funded
l,oan
Bangladesh Chemical Industries CropSponsor/Share
holder
Concerned Departnent of the
Govemment1,620.60
Funded & NonFunded Loat
Bangladesh RailwaySponsor/Share
holderConcemed Departrnent of the
Govemment998.16
Non Fundedlnan
Bangladesh Water Dev. BoardSponsor/Share
holder
Concemed Deparunent of the
Covemment619.54
NonFrmdedI,oan
All Directorates & Departnent @irectorate
General of Defense Purchase)
Sponsor/Share
holder
Concerned Departnent of the
Govemment4,845.99
Non Funded
Loan
Bangladesh Election CommissionSponsor/Share
holder
Concemed Departnent of the
Govemment291.34
Non Funded
Loan
Bangladesh Jute Mills CorporationSponsor/Share
holder
Concerned Deparunent of the
Govemment153.60 Funded Loan
Rural Electrification BoardSponsor/Share
holder
Concerned Departrnent of the
Govemment1,068.81
Non Funded
l,oan
Sonali Exchange Co. N.Y. (note 9.1) The Bank Subsidiary Company 7.86 Invesm€nt
Sonali Exchange Co. N.Y. (note 9.1) The tsank Subsidiary Company 9.43 t oan
Sonali Investnent LTD. (note 9. I ) The Bank Subsidiary Company 200.00 lnvestment
Sonali Bank (U.K.) Ltd (note 6.2) The Bank Associate 324.16 Investm€nt
86
1. Balance with Bangladesh Bank and its agent bank(s) AS on 31 December 2017
a) Local Currency
b) Foreign Currency
Difference appeared in between the balance as per Bangladesh Bank and Sonali Bank Ltd. due to reconciliation gap.
2.00 Investment in Government securities classified as per Bangladesh Bank's DOS circular No. 05 date 26 IVIay
200t and DOS circular No. 05 date 28 January 2009.
Annexure-A
Amount in Tels2017 2016
4,000,723,282
40,332,973,240
56,240,333,640
28,362,47E,871
23,421,856,950
5,354,200,000
144,140,000
46,364,700,000
5,147,900
9,865,516,760
38,521,646,E31
45,758,321,6E7
22,161,769,605
1E,004,451,100
5,354,200,000
271,325,000
50,514,700,000
5,147,900
\P
Ia) Held to Maturity (HTM)
Bond / Other securities
2 years BGTB
5 years BGTB
l0 years BGTB
l5years BGTB
20 years BGTB
BJMC25 years
BPC
Public
Total
Sub 1
II
No. ParticularsAmount in Taka
As per Sonali Bank As per Bansladeh Bank
I Head Offrce 63,913,742,277 63,913,742,277
2 Local Oflice 7,667,658,380 7,667,658,380
J Barisal Corporate Branch 175,s61,5E7 175,561,5E7
4 Bopra Corporate Branch 40,424,705 40,424,705
5 Laldighi Corporate Branch 1,309,655,255 1,3w,655,255
6 Khulna Corporate Branch 328,02E,431 32E,028,431
7 Rangpur Corporate Branch 5,160,E50 5,160,850
E Raishahi Corporate Branch 231,493,932 231,493,932
9 Sylhet Corporate Branch 39,917,386 39,917,386
l0 N.A. Chowdhury Road, Chittagong
Total 73r711,A2,803 73,711,6d,2,803
No. ParticularsAmount in Take
As per Sonali Bank As per Bangladesh Bank
I USD 9,146,206,945 28,925,9U
2 GBP 12,293,593 14,667,627
3 EURO 12,074,701 12,910,E44
4 J. YEN 1,055,13 I 1,042,838
Total 9,171,630371 57,547253
87
b) Held For Trading (HFT)
Treasury Bill
9l days Treasury Bill
lE2 days Treasury Bill364 days Treasury BillSub TotalBond / Other securities
2 years BGTB
5 years BGTB
l0 years BGTB
l5years BGTB
20 years BGTB
Bangladesh Bank BillPublic
Total
Amount in Teka2017 2016
20;776317,173
I 73E,261
247Sub
;
(ClL
13,690,E51,063
6,079,023,178
1,006,442,932
31,999,153,913
E,994,291,011
4,841,470,103
16,351,139,941
52,598,496,101
39,lEE,l06,7El7,696,309,E48
9,460,153,090
69,45E,10E,000
16,296,510,93E
62,108,163,282
39,68E,1E6,19E
7,007,945,312
9,647,457,0E4
65,966,307,000
E8
t
Sonali Bank Limitedconsolidated Schedule of Fixed Assets as at 3 I December 201 7
tt t t ttttIt t r t't t tt
Annerure -B
DcprcciationCost/Reveluetion
Teka
Nct book veluc rsot3l.l2.20l7Behncc as oo
31.12.2017
Deposels/edjustmcntsduring the
yctr
Chergc duringtbe ycarRrtc
o/o
Behncc rs on01.01.2017
Bllence as on
31.12.2017
Takr
Addition duringthc yerr
Deposels/
ediustmcnts
during thc ycar
Take
Belencc es on
0L0r.2017Pefticulers
Lend & Building):Prcmiscs3t,092,206,716343,280,72039,551,3062.50 303,729,4143t,435,487,43637,886,45431,397,600,982
707,762,085707,762,08s96,789,888 36,939,961647,9r2,1s8Construction31,799,96t,80139,551J06 343,2E0,720303,729,41436,939,951 32,143,249,521134,676,34232,(N5F13,140Sub totll
B) Dead Stock:581,755,780 458,376,96967,454,004533,221,421 18,919,64s1,040,132,749 10.001,974,79466,200,284975,907,259Fumiture646,6s1,026 266,862,41872,355,09120.00 606,810,772 32,514,837913,513,44412,007,5149r,859,272833,661,686Electric Installation
1,386,831,138 398,924,37839,531,416 166,000,08220.00 1,260,362,4721,785,755,51616,957,949186,437,378r,616,276,087Computer Hardware224,482,5001t2,233,s692,049,314 53,308,44220.00 60,974,441336,716,0691,659,6441t8,627,595219,748,118Computer Software
304,130s,388,56222,174 90,48720.00 5,320,249s,692,69231,1305,723,822Writer Machine148,303, I 5342,583,955 163,382,0067,1t4,71420.00 r27,912,7653,968,239 3l r,685,1s99.007,379306,646,019Car & Other Vehicle
6,4r5,223536,199 3,724,0473,187,848r0,139,270 7.001,3 l 1,968E,827,302Library1,503,568,77140232t,260 2,E9,966,12E100,152,1002,597,7t9,964,403,634,t99473,443,t76 36,599,2703,966,r7m1291totrl
33303,637,57244t,t79F66 3241246f/E2,m1i5l9Jt2 100,152,10073,5J9,231 36,546,8t/,A20608,120r1936,012J03,433(A+B)
C) Dcad Stock of oversees Branches:6,486,5623,150,309 8,671,3s6300,0005,221,04715,157,9181,790,93713,366,981Branch
329,60280,034 439,456359,422769,0583 18,556450,502Branch6,816,1658,510,t12300,000 3r30"3435,5t0,46915,9269772,1M,49413'817"1t3totrl
3251t757,ffi ,737
\W,
Toht 2017 (A+B+C)
31 Deccmber
100,452,100
294,838Jt3
445,109,909
502295,944
2907,W,8X2
2,69,642,291
36,fi2$11397
36,026,120917
71,539231
644,763,U2
610229,713
945,934,54635,724850,013
x,u6,l2o916
89
tt
Teke TakaTrkeTrkr Taka
Premises
t
tt ttttttt t t r. t t t t t tt t
Sonali Bank LimitedSchedule of Fixed Assets as at 3l December 2017
Annexure -C
Prrticulars
Cost/Revalur6on Depreciation
Net book velue es
onll.l2.20l7
Tekr
Belence as on01.01.2017
Addition duringthe ycrr
Deposald
rdjustments
during the yerr
Brlence as on31.12.2017
Telu
Rrteof
Deprec
iation
Brlence as on
01.01.20r7
Trka
DcposeldedjustEcntsduring the
yctr
Cherge duringthe yerr
Behnce rs on3r.12.2017
Tekr
Prcmiscs (Including Lend & Building):
3t,397,600,982 37,8t6,454 31,435,487,436 2.50 303,729,414 39,55 1,306 343,280,720 31,092,206,716
Building Construction @7,912,t5E 96,789,888 36,939,961 707,762,08s 707,762,085
Sub total 32,U5513,140 134,676342 35,939,961 32,143249521 303,729,414 395s1306 3432t0,720 3l,79B6tS0l
Dead Stock:
962,819,819 66,049,241 t,974,794 r,026,E94,266 l0 520,645,s08 1E,919,645 67,034,607 568,760,470 458,133,796
Installation 775,506,419 91,793,112 12,007,514 E5s,292,017 20 590,261,615 32,514,837 72,09s,651 629,U2,429 225,449,588
Comput€r Software 102,152,56r 118,627,595 1,659,644 219,120,512 20 58,146,841 2,049,314 53,079,042 109,176,s69 t@,943,943
Computer Hardware 1,725,4t7,173 186,437,37E 16,957,949 1,894,966,602 20 1230,214,506 39,53t,416 166,000,082 r,356,683,172 53E,2E3,430
T]?e Writer Machine 5,723,E22 31,130 5,692,692 20 5,320,249 22,174 90,487 5,388,562 304,130
Car & Other Vehicle 301,470,929 9,007,379 3,96E,239 306,510,069 20 110,270,394 7,114,714 41,922,r44 145,077,824 161,432,245
E,827,302 r,3l r,96E t0,139,270 7 3,1t7,E48 536,199 3,724,M7 6,415,223
Sub totel 3,ttr,9$,025 473226,673 36,599270 4J18,5r5,42t 2,51E,046,961 100,152,100 A00.J5t2r2 2,Ett$s3,072 L,499962356
Totd (A+B) 35,927501,165 607,903,015 73539231 x,461,M4949 2,821,776375 100,152,100 440J0e5rE 3,161933,792 33p99p31,157
Deed Stock ofoverscas Branchca:
Branch 13,365,981 r,790,937 15,157,918 s22r,047 300,000 3,1s0,309 8,67r,3s6 6,486,s62
Siliguri Branch 450,502 3 18,5s6 769,058 359,422 80,034 439,456 329,602
Sub totrl l3,tl7,4tB 2,109,493 1s,926976 55t0,459 300,000 323/0.343 E5r0rr2 6f 16,164
Grand Total 2017 (A+B+C) 35,94lJ1E,64t 6r0,0r250t 13$39231 xA77,791925 28273*,t44 100,452,100 443539,t6r 3,170A44,601 33fi6,747321
90
4'.96,766,,N4 2527J,56,$ry.29t536,,7E92,622226,8293s94rrr&64t944,603,0U ul,522921hoszsDcccmber 2015
t!.
L
Sonali Bank LimitedSchedule of Tax Position as at 3 I December 2017
Annexure-D
Tax assessment of Sonali Bank Ltd. has been completed upto assessment year 2002-2003 (Income year upto 2001) resulting tax refund of Tk.
4,263,048,032 in favour of the Bank. As regards latest status of the tax assessments for the income years 2013 and 2014 these are not yet finalised by the
tax departnent. The Bank has submitted lncome Tax Retums showing profiU(loss) of Tk. 784,570 ,872,Tk (4,601,723,014) for the income year 2015 and
2016 i.e. assessment years 2016-201 7 & 2017 - 2018 respectively. The loss shown by bank is inclusive of claim of Bad Debs written off and others. In the
income years 1996, 1997, 1998, 2000, 2001,2004, 2005, 2006, 2007 , 2008,2009,2010 & 20ll the tax departrnent did not accept the claim of Bad Debt
written ofl Provision for Ex-gratia, Provision for NOSTRO A"/C., Provision for other Assets, lnterest on securities etc. against which the bank has filedappeal to the Honorable High Court.
l-
I
L
l-
Payment ofAdvance Tax
Refundable/
@ayoble)RemerksIncome
YearAssessment
Year
Tax Provisionas per Account
Assessmentmade by
Present StatusAssessed Tax
Liabilities
Refimdable1998 1999-2000 Nil DCTReference Application to
the High Court Nil 442,119,323 424,971,176
600,818,273 Refundable1999 2000-2001 Nil DCT Settled Nil 600,818,273
2001-2002 Nil DCTReference Application to
the High CourtNil 870,418,795
Adjusted as
Dernanded Ta:<2000
1,135,489,757 Refimdable2001 2002-2003 Nil DCTReference Application to
the High CourtNil 1,135,489,757
712,587,221 185,934,093 Payable2002 2003-2004 Nil DCTReference Application to
the Hieh Court898,521,314
588,000,560 2,071,201,174 Payable2003 2004-2005 Nil DCTReference Application to
the High Court2,414,610,301
518,028,392 27,46,73,831 Retundable2004 2005-2006 Nil DCTReference Application to
the High CourtNil
378,072,785 438,169,963 60,097,178 Refimdable2005 2006-2007 Nil DCTReference Application to
the Hieh Court
1,703,473,454 538,154,625 (1,266,536,541) Payable2006 2007-2008 Nil DCTRefercnce Application to
the Hieh Court
2,010,803,744 1,218,137,968 (75,27,63,573) Payable2007 2008-2009 Nil DCTReference Application to
the Hieh Court
(132,53,29,527) PayableDCTReference Application to
the Hieh Court.2,16't,491,869 889,42t,6122008 2009-2010 Nil
63,51,59,1 l3 (254,00,43,944) PayableNil DCTReference Application to
the Hieh Court.3,704,472,1792009 20t 0-20 l I
Payable4,116,848,042 1,1 18,523,981 (339,2t,46,471)2010 20tt-2012 Nil DCTReference Application to
the High Court.
(5,083,262,792) Payable5,836,848,604 1,368,957,25220ll 2012-2013 Nil DCTReference Application to
the Hieh Cout.
1,459,284,890 (2,070,846,597) PayableReference Application tothe Hieh Court
3,306,474,1282012 2013-2014 Nil DCT
1,524,975,830 (2,869,107,823)Not yet
assessedDCT
Reference Application tothe Hieh Court
4,030,826,0032013 2014-2015 Nil
Not yet
assessed2,688,870,549 (1,578,490,789)DCT Appeal to CT (Appeal) 4,109,309,3002014 2015-20t6 Nil
3,152,827,934 Not Yet asriessedNot yet assessed Not yet assessed2015 2016-20t7.a *u.Nil DCT
T2,995,203,196 Not Yet assessedNot yet assessed Not yet assessed2016 20r7-2mEL DCT
*+
91
Not yet
assffied
rs$w',S)6ssessd
I
Statement of Non-Income Generating Other Assets
A) DOMESTIC BRANCHES
Annexure-E
2017Taka
2016Taka
\-
i-
I
L
I1,606,864
205,819,870
147,857,927
13,243,196,904
2,167,988,888
17,206,167
4,670,448
348,300
6,1 l83,801
40,813,387
73,142,498,389
t76,414,248
15,811,630,376
107,367,256
3,809,702
6,572,120,687
36,268,810,679
543,041,080
287,569,073
511,283,719
50,195
4,468,139,941
2,374,345,985
6,624,964,227
3,939,525,666
5,094,543,083
448,071,832
5,326,323,815
1,814,084,721
1,275,748,587
98,762,494
l0l0l
12,264,246
155,293,242
114,228,720
13,525,308,858
2,954,223,249
39,634
28,665
73,121,105
27,223,749,393
1,505,233,611
19,007,703,010
93,481,526
20,789,387
34,225,080,443
808,760,014
287,705,079
511,283,719
50,195
4,212,373,790
2,272,113,182
7,932,615,253
5,646,406,559
5,094,543,083
447,417,149
5,826,323,815
746,802,176
2,354,675,280
98,760,600
9,647,720
101,773 510
Suspense A/C
Income Tax Deducted at source
Drafu Payable account @x-Advice)Drafu Payable Account (Ex-Advice)
Crop Loans Int. & Panel int. Exemption-Z007
Pension Bill Purchased(Civil)
Army Pension Bill Purchases A/C New
PSP/BSP Encashment
Loan Exemption Under J.S Reform Proj.94-95
Advance Payment of Income Tax
Adjusted Account Debit balance
Coupon Intt. Expense Account
Fish
Stamps in hand
in hand
Rent
charges
and Telegram
Sundries
Adjustment
Assets- Valuation Adjustment
Reconstruction A/C
Bill Purchased(Army)
T A/C Dr. Balance
Affected By River Erosion
Interest Receivable
Commission Receivable
Exchange Receivable
Rent
To<es
Deferred Tax assets
Demand Drafts purchased
Protested Bills
1341261r796,213Total
92
Sonali Bank Limited, Head OIIice, Dhaka
Treasury Management Division, LCMD
Investnent in Shares (Quoted) as on 3l December 2017
Annexurs.F
ts
TOTALMARKETVALUE
MARKETPRICEPER
SHARE
TOTALCOST
VALUE
NO. OF
SHARE
COST
VALUEPERSHARE
PARTICULARS
OFII\TVESTMENT
6{2*5)5.004<2*3)2 3.00IBank& NBFI
9,424,6666.408.34 10,979,9611,316,354IJANATAIVIF3,125,70015.1038.83 8,037,293207,000ISTPRIMFMF
22.t0 59,199,513154,462,37857.662,678,711ABBANK24.10 51,922,26963,238,27729.3s2,154,451ALARABANK23.r0 65,979,69867,290,55023.562,856,264BANKASIA27.40 15,003,80265,523,266119.66547,584BAYLEASTNG
8.40 210,000,000250,000,00010.0025,000,000ICBSONALII9.40 7,350,80011,957,18715.29782,000DBHISTMF
22.00 52,977,73869,817,31528.992,408,079DHAKABANKl 53. l0 27,429,39629,069,402162.25179,160DUTCI{BANGL51.10 715,400,000124,273,9848.8014,000,000EBL
9.70 15,154,70827,086,73417.341,562,341EBLISTMF17.20 68,800,00084,644,3164,ooo,ooo 21.16EXIMBANK
61,200,00015.3076,267,8564,000,000 19.07FIRSTSBANK3,072,0006.406,743,059480,000 14.05ICB3RDNRB5,772,3007.1013,425,036813,000 16.51ICBEPMFlSI
37,926,7007.0010.00 54,181,0005,418,100ICBIBANK85.30 34,120,00034,950,38787.38400,000IDLC18.00 38,364,06652,092,75724.442,131,337IFIC6.10 6,474229I1,058,93710.421,061,349IFICISTMF7.50 1,248,7501,773,43510.65166,500IFILISLMFI
22.00 27,140,05831,916,26425.871,233,639JAMUNABANK26.40 112,287,569I18,600,49027.884,253,317MERCANBANK
65,047,99613.00151,026,16i30.1 85,003,692NBL49A89,07617.7097,158,96734.752,795,993NCCBANK
131,636,0E824.00147,132,19826.835,483,869ONEBANKLTD1,900,5007.004,075,20415.01271,500PFISTMF
43,960,00015.7056,259,90320.092,goo,oooPREMIERBAN1,790,8007.403,314,75613.70242,000PRIMEIICBA
25,125,66327.4038,094,65041.54916,995PRIMEBANK131,727,75033.00138,332,84334.653,991,750SHAHJABANK85,740,10722.20153,985,99539.873,862,167SOUTHEASTB40,034,81015.6021.6r 55,454,2542,566,334STANDBANKL
6,027,3946.7010,171,23011.31899,61ITRUSTBlMF40,123,68223.6051,757,69330.441,700,156UCBL7,343,20423.8017,2E0,59956.01308,538United Finance Ltd
28,680,00047.8030,052,51250.09600,000LankaBangla33,228,63135.3079,672,61683.58941,321UTTARABANK41,143,18472.7081,059,102565,931 143.23UTTARAFIN ,ffi6.2010,000,000G?N,+zs,z+o 7.01POPULARIMF I
2,491,218,564fj\fuzr,trtfirSub-TotalC
93
t-Insurance
Fuel and Power
Manufacture & other
I*f-"((
I
oI
PARTICULARS
OFIITVESTMENT
NO. OF
SHARE
COST
VALUEPER SHARE
TOTALCOST
VALUE
MARKETPRICE PER
SHARE
TOTALMARKETVALUE
I 2 3.00 4n2*3) 5.00 6<2*O
9.20 4,825,4006,474,76412.34524,500GREENDELIVIF
17.60 9,871,34749,320,571560,8',72 87.94KARNAPHULI2t.20 2,112,6869,308,41999,655 93.41PEOPLESINS
16,E09,43365,103,7531,185,027Sub-Total
45.40 75,759,888174,530,6411,668,720 104.59DESCO
189.70 43,631,00046,073,23E230,000 200.32JAMI,]NAOILs8.50 58,500,00072.68 '12,675,542l,o00,0ooKPCL
130,500100.00r00.00 130,5001,305NATOXGl8,l10,000l8l.l0184.35 19,435,169100,000UPGDCL
14,091,44021,920,271 239.00371.78PADMAOIL 58,960
44200,00044,470,335 M.201,000,000 44.47TMASGAS
r09.10 54,550,00054,878,967500,000 r09.76MJLBD67.10 32,648,04271,277,049486,558 146.49NAVANACNG52.20 40,519,98964.64 50,175,716776,245POWERGRID
33.20 19,920,00034.09 20,453,817600,000SAIFPOWER
31,609,16035.9057.66 50,769,296880,478SUMITPOWER433,670,019625,790,5427,302,266Sub Total
@.20 132,729,391150,000,0002,067,436 72.55AFTABAUTO512,00010.0010.00 512,00051,200APEXWEAV
3,645,82010.0010.00 3,645,820364,582ASHRAFTEX75,600100.00100.00 75,600756AZADIPRINT
296,000296,000 100.00100.002,960BCIL27.20 32,640,00039,747,44633.121,200,000BDCOM27.00 49,186,467142,764,03678.371,927,721BEXIMCO26.50 424,000160,00010.0016,000DULAMI-ACOT
5.70 412,357,739500,000,0006.9r72,343,463FBFIF5,260,065r5.506,696,057339,359 19.73GRAMEENS2
17.50 19,75043025,013,0441,128,596 22.t6INTECH1,284.70 21,003,56023,442,37316,349 1,433.87LINDEBD
8.30 43,032,77850,000,0005,184,672 9.64LRGLOBAL1,106.10 I1,061,00012,623,9441,262.3910,000MARICO
131.40 29,302,20040,992,914223,000 183.82ATLASBANG105.70 37,312,10038,030,021107.73353,000BBSCABLES39.10 23,460,00024,052,60840.09600,000BENGALWTL
11,399,16722.2035,788,825513,476 69.70BIGC30,930,000103.1031,378,343300,000 104.59BSCCL17,604,0006s.2065.16 17,592,207270,000OIMEX
195.50 39,100,00039,271,182t96.36200,000SINGEPAD23220,000I 16.1024,423,524200,000 122.12SPCL13,760,00064.0063.90 13,739,361215,000SQUARETEXT
301.80 145A67,600144,920,268300.66482,000SQUAREPHARMA39,250,00078.s039,407,850500,000 78.82BSRMSTEEL
7,266,000103.807,186,95270,000 102.67BXPTI,ARMA13,339.20039.7012,984,196zeF{Q6,000 38.64FORTUNE2tMW35.2021,969,906trxzx0\000 36.62ACTIVEFINE
94t
Investment in Shares
Menufacturing
Other
\-
PARTICULARSOFIIYVESTMENT
NO. OF
SHARE
COST
VALUEPERSHARE
TOTALCOST
VALUE
MARKETPRICE PER
SIIARE
TOTALMARKETVALUE
I 2 3.00 4<213) 5.00 q2*5)NILOYCEM 98 100.00 9,800 100.00 9,800
OLYMPIC 31,500 319.37 10,060,080 288.30 9,081,450
PTIPMFI 408,692 7.44 3,042,638 6.40 2,615,629
RAKCERAMIC 1,200,000 79.43 95,311,987 s9.90 71,880,000
RANFOI.JNDRY 404,000 153.49 62,008,489 126.60 51,146J00
ROSEHEAV 4,327 15.00 u,905 15.00 64,905
SAPORTL 409,285 106.80 43,709,670 34.30 14,038A76
Sub Total 91,867,472 1,660,922,046 1333341,776
Total Quoted 212,379,548 4,t43,034,906 4,154,033,663
TOTALMARKETVALUE
TOTALCOST
VALUE
MARKETPRICE PER
SHARE
NO. OF
SHARE
cosTVALUE
PER SHARE
PARTICULARSOF INVESTMENT
q2*o4={2*3) 5.002 3.00IBank and NBFI
100.00 3,000,000100.00 3,ooo,ooo30,000Grameen Bank29,683,8204.054.05 29,683,8207,329,110IIDFC
260,000,000100.00100.00 260,000,000Karrrasangthan Bank 2,600,000510,220510,220 10.00r0.0051,022Pubali bank (former)
293,194,040293,194,040Sub Total 10,010,132
Allied Pharma Ltd. 1,000,000 10.00 10,000,000 10.00 10,000,000
S. Jute Yarn & Twine 33,790 10.00 337,900 10.00 337,900
Sub Total 1,033,790 10,337,900 10,337,900
Bangladesh Fund 21,300,000 100.00 2,130,000,000 100.00 2,130,000,000
bcb 1,125,000 100.00 I12,500,000 100.00 I12,500,000
CDBL 9,968,456 14.55 130,485,900 14.55 130,485,900
Orion Infrastructures 300,000,000 10.00 3,000,000,000 10.00 3,000,000,000
Paper Convert & Pack 5,000 100.00 500,000 r00.00 500,000
Sub Total 331,39t,456 5,373,4t5,900 JTJr4USryt t
Total Unquoted 342,442378 5,677,0171840
9,fft1.051,50310,520,052,746554,821,926Quoted+Unquoted .6q'lrN(689,001,243)Share Revaluation (as on 31-12-f6)litizlvr.'YJ9,E31,051,503GRANDTOTAL h*
95
lUnql
Sonali Bank LimitedHighlights on the overall activities
For the year ended 3 I December 2017
Anncxure - G
2017
Taka2016Taka
sL.No.
Particulars
60,000,000,000
38,300,000,000
46,687,882,544
1494,812,5M
10.33o/o
8,284,876285
1,200,589,972,325
1,031,608,235,01 I
468,881,306,274
196,926,074,997
37.28o/o
82.73%
134,328,000,000
36,882,000,000
4,251,345,771
1,516,210,668
384,538,118,238
109,114,863,000
2838%
39,281A29,142
6.95%
30,967,665,17E
796,747,298,000
403,842,675,000
7.06%
0.14%
2.18%
3.96
175.91
A;'/lrtH'rft
60,000,000,000
41,300,000,000
47,683,784,914
1,607,494,914
10,199,682,013
1,240,332,168260 |
I
1.064,31 I,082,539 I
462,576,616,876
1,148,178,041,205
39.76%
83.23%
1,155,300,900,000
28,494,600,000
I1,954,902,089
7,091,660,386
423218,353,943
149,302,400,000
3s.28%
38,864,286,982
618,500,000
33,955,798,770
835,465,236,963
404,866,931,297
7.29%
0.58%
10.63%
18.50
160.02
I
N/A
31.18
I
2
3
4
5
6
7
8
9
l0
ll12
l3
t4
l5
l6
t7
t8
l9
20
2l
22
23
24
25
26
27
2E
29
30
3l
32
Authorized Capital
Paid-up Capital
Total Capital (as per Capital Adequacy)
Capital surpluV(defi cit)
Capital Adequacy Ratio
Return on Equity (ROE)
Eamings per Share
Net assets value per share (NAVPS)
Assets
Deposits
Investment
Contingent Liabilities and Commitments
ofclassified loans and advances
kept against classified loans
Reserue
of classified loans
surpluV(deficit)
eaming Assets
earning Assets
Earning Ratio
Operating
Advance Deposit Ratio
Credit Deposit Ratio
Total Import
Total Export
Operating Profit
after tax and provision
Loans and Advances
Cost of fund
Income from investment
on investment @OI)
on Asset (ROA)
96
