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Chartered Accountants

2010 2009

Notes Taka TakaPROPERTY & ASSETS

CASH 03.00 763,123,871 778,555,729

Cash in Hand (Including foreign currency) 174,197,323 131,700,299

Balance with Bangladesh Bank and its agent bank (s)

(Including foreign currency) 588,926,549 646,855,430

BALANCE WITH OTHER BANKS & FINANCIAL

INSTITUTIONS 04.00 4,169,752,271 984,808,753

In Bangladesh 4,109,453,871 943,891,978

Outside Bangladesh 60,298,400 40,916,775

MONEY AT CALL AND SHORT NOTICE 05.00 330,000,000 450,000,000INVESTMENTS 06.00 1,472,321,723 710,059,072

Government 1,127,904,760 693,348,800

Others 344,416,963 16,710,272

LOANS AND ADVANCES 07.00 7,600,797,170 5,526,804,353

Loan, Cash Credit and Over Drafts etc. 7,599,373,830 5,523,312,097

Bills Purchased and Discounted 1,423,340 3,492,256

Loans & Advances of BCI 07.14 665,222,894 729,397,327

Total Loans and Advances 8,266,020,064 6,256,201,680

FIXED ASSETS including premises, furniture & fixtures 08.00 48,180,592 38,953,476

OTHER ASSETS 09.00 528,961,643 209,240,780

NON-BANKING ASSETS 10.00 - -TOTAL ASSETS 15,578,360,165 9,427,819,490

LIABILITIES AND CAPITAL

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

DEPOSITS AND OTHER ACCOUNTS 12.00 12,187,614,460 7,604,975,266

Current Account and Other Accounts etc. 1,965,647,110 541,337,121

Savings Bank Deposits 989,904,941 898,657,064

Short Term Deposits 1,334,453,570 662,053,186

Fixed Deposits 5,026,466,909 3,965,746,954

Deposit under Different Schemes 12.01 752,111,890 663,816,075

Bills Payable 1203 160 908 668 131 060 021

Bangladesh Commerce Bank Limited

Balance Sheet

As of 31 December 2010

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Notes 2010 2009

Taka Taka

CONTINGENT LIABILITIES 18.00

Contra entries (BCI) 18.01 13,231,321 13,231,321

Letter of Guarantees 18.02 100,834,581 104,024,022

Letter of Credit 634,746,923 250,975,065

Bills for Collection 67,250,528 23,547,453

Other contingent liability 18.03 71,192,301 554,287,301

TOTAL CONTINGENT LIABILITIES 887,255,654 946,065,162

OTHER COMMITMENTS

Documentary Credits and short term trade

related transactions - -

Forward assets purchased and forward

deposits placed - -

Undrawn note issuance and revolving underwriting facilities - -

Undrawn formal standby facilities, credit lines and other commitments - -

Total - -

TOTAL OFF-BALANCE SHEET ITEMS 887,255,654 946,065,162

Chairman Director Director

Off-Balance Sheet

As of 31 December 2010


ManagingDirector

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

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Notes 2010 2009Taka Taka

OPERATING INCOME

Interest Income 19.00 926,555,777 905,556,240

Less: Interest Paid on Deposits and Borrowings etc 20.00 621,149,033 552,907,005

Net Interest Income 305,406,744 352,649,235

Income from Investments 21.00 178,700,106 71,751,529

Commission, Exchange Earnings & Brokerage 22.00 90,933,697 43,619,296

Other Operating Income 23.00 42,740,676 21,850,689

312,374,479 137,221,514

TOTAL OPERATING INCOME (A) 617,781,223 489,870,749

OPERATING EXPENSES

Salary and Allowances 24.00 184,540,144 142,390,307

Rent, Taxes, Insurance, Electricity, etc. 25.00 28,731,799 18,418,714

Legal Expenses 599,498 435,158

Postage, Stamp, Telecommunication etc. 26.00 4,096,523 2,708,095

Stationery, Printing, Advertiesment etc. 27.00 9,832,971 5,332,608

Managing Director's salary and allowances 28.00 5,739,353 1,641,200

Directors' Fee 771,150 692,000

Audit & Evaluation Fee 100,000 400,000

Depreciation & Repair of Fixed Assets 29.00 15,528,913 12,256,918Other Expenses 30.00 42,425,103 17,465,881

Total Operating Expenses (B) 292,365,455 201,740,881

Profit before Provision (C)=A-B 325,415,768 288,129,868

Provision against Classified Loans 13.00 100,000,000 51,800,000

Provision against Un Classified Loans 13.00 30,000,000 -

Other Provisions 13.00 32,732,049 84,632,979

TOTAL PROVISION (D) 162,732,049 136,432,979

TOTAL PROFIT/(LOSS) BEFORE TAX (C-D) 162,683,719 151,696,889

PROVISION FOR TAXATION 99,375,138 110,390,792

Provision for Taxation 100 000 000 110 635 242

Profit and Loss Account


For the year ended 31 December 2010

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PARTICULARS Notes 2010 2009

Taka Taka

CASH FLOW FROM OPERATING ACTIVITIES

Interest Receipts in Cash 1,016,111,246 919,934,757

Interest Payment (583,850,852) (575,484,571)

Dividend Receipts 885,146 868,418

Fees and Commission Receipts in Cash 90,933,697 43,619,296

Recoveries of Loans Previously Written Off - -

Cash Payment to employees (190,279,497) (144,031,507)

Cash Payment to Suppliers (42,661,293) (29,029,810)

Income Tax paid (1,814,840) (14,409,179)

Receipts from other Operating Activities 241,921,365 63,445,410

Payment for other Operating Activities (42,425,103) (10,793,990)

Operating Profit Before Changes in current Assets & Liabilities 488,819,868 254,118,824

Increase/Decrease in operating Assets and Liabilities 1,906,443,679 199,806,090

(Increase)/Decrease in Statutory Deposits - -

(Purchase)/Sale of Trading Securities - -

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

(Increase)/Decrease in Loan & Advances to Customers (2,009,818,384) (470,213,414)

(Increase)/Decrease in Other Assets (319,720,864) (85,129,753)

Increase/(Decrease) in Deposits from Other Banks 1,420,000,000 (20,000,000)

Increase/(Decrease) in Deposits from Customers 2,362,639,194 688,108,976Increase/(Decrease) in Other Liabilities 353,343,733 87,040,281

Increase/(Decrease) in Trading Liabilities - -

Net Cash Flow from Operating Activities (A) 2,395,263,547 453,924,914

CASH FLOW FROM INVESTING ACTIVITIES

Proceeds from Sale of Securities - (11,417,301)

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

(Purchase)/Sale of Property plant and equipment (9,227,116) (11,453,325)

(Purchase)/Sale of Subsidiary - -

Net Cash used in Investing Activities (B) (9,227,116) (22,870,626)

CASH FLOW FROM FINANCIAL ACTIVITIES


Statement of Cash Flow


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Paid up Share Statutory Other Total

Capital Premium Reserve Reserve Profit/(Loss) (Tk.)

Account

Balance as on 01 January 2010 920,000,000 - 65,792,413 - 3,848,512 - (26,127,843) 963,513,082

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

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

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

Decrease from Statutory Reserve - - - - - - -

Increase in Statutory Reserve 32,536,744 - 32,536,744

Surplus of Revaluation Reserve for HTM Securities - - - 11,836,557 - - 11,836,557

Issuance of Share Capital 1,068,742,800 - - - - - 1,068,742,800

Redemption of Share Capital - - - - - - -

Net Profit/(Loss) for the period - - - - - 30,771,838 30,771,838

Balance as on 31 December 2010 2,027,742,800 - 98,329,157 11,836,557 3,848,512 - 4,643,995 2,146,401,021

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

Chairman

Dated, Dhaka

Revaluation

Reserve on

Securities

Exchange

Equalization

Account


Particulars

Managing Director

Bangladesh Commerce Bank LimitedStatement of Changes in Equity

DirectorDirector

5

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

01 Month Months Months 5 Years

ASSETS:

Cash in hand & with Bangladesh Bank 763,123,871 - 763,123,871

Balance with other Banks & Financial Insti tut ions 1,199,752,271 900,000,000 2,070,000,000 - 4,169,752,271

Money at Call & short notice 330,000,000 - - - 330,000,000

Investment 688,100 - 344,416,963 - 1,127,216,660 1,472,321,723

Loans and Advances 673,053,819 1,394,048,111 2,638,106,649 1,614,874,682 1,945,936,804 8,266,020,064

Fixed Assets including premises, furniture and fixtures - 6,494,206 4,621,970 6,043,039 31,021,377 48,180,592

Other Assets 2,830,635 92,145,378 207,424,086 318,706,923 528,961,643

Non-Banking Assets - - - - - -

Total Assets 2,969,448,696 2,300,542,317 5,149,290,960 1,828,341,806 3,422,881,764 15,578,360,165

LIABILITIES:

Borrowing from Bangladesh Bank, Other Banks, 100,000,000 - - - - 100,000,000

Financial Institutions and Agents - - - - - -

Deposits 1,965,647,110 1,334,453,570 3,970,950,807 2,875,516,102 2,041,046,872 12,187,614,460

Other Liabilities - 3,052,043 251,013,103 276,920,190 613,359,349 1,144,344,685

Total Liabilities 2,065,647,110 1,337,505,613 4,221,963,910 3,152,436,292 2,654,406,221 13,431,959,145

Net Liquidity Gap 903,801,586 963,036,704 927,327,050 (1,324,094,486) 768,475,543 2,146,401,020

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

Chairman Director Director

Dated, Dhaka

FOR THE YEAR ENDED 31 DECEMBER 2010

Managing Director

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

Particulars

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balance sheet 2009 10

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