Capital Finance:

Authorized capital of the bank has been increased from Tk. 1000.00 million to Tk. 2000.00 during the year and Paid-up capital at Tk 557.55 million as in December 2004. Reserve Fund of the Bank stood at Tk. 301.08 Million. Retained earnings 301.40 million, General Provision for unclassified advances at Tk. 152.60 million and this amount is also available for calculating capital adequacy requirement. Thus total capital funds stood at Tk. 1312.63 million as on December 31, 2004. The Capital Adequacy Ratio of the bank as on December 31, 2004 worked out at 10.69 percent as against the minimum requirement of 9 percent, which testifies to the sound capital base of the bank. The Capital Adequacy ratio in 2003 was 11.76.