FINANCIAL STATEMENTS (UNAUDITED)

OF
TRUST BANK LIMITED
FOR THE PERIOD ENDED 31 MARCH 2021 (1ST QUARTER)
 TRUST BANK LIMITED
and its subsidiaries
Consolidated Balance Sheet (Unaudited)
As at 31 March 2021

31.03.2021 31.12.2020
Notes (Unaudited) (Audited)
Taka Taka
PROPERTY AND ASSETS
Cash
Cash in hand (including foreign currencies) 4,521,141,994 4,540,041,205
Balance with Bangladesh Bank and its agent bank(s)
(including foreign currencies) 13,817,348,162 12,975,762,494
18,338,490,156 17,515,803,699
Balance with other banks and financial institutions
In Bangladesh 12,439,844,743 12,104,549,531
Outside Bangladesh 248,515,620 1,475,665,928
12,688,360,363 13,580,215,459
Money at call and short notice 2,684,800,000 680,000,000
Investments
Government 72,556,909,470 85,435,338,971
Others 9,417,017,093 8,011,931,462
81,973,926,563 93,447,270,433
Loans and Advances/Islami Banking Investments 2
Loans, Cash Credit, Overdrafts etc./ Investment 209,256,818,972 215,751,134,732
Bills purchased and discounted 11,200,812,633 7,479,769,141
220,457,631,605 223,230,903,873
Fixed assets including premises, furniture and fixtures 1,909,068,671 2,023,594,611
Other assets 7,392,521,435 5,979,982,881
Non-banking assets - -
Total Assets 345,444,798,793 356,457,770,956

LIABILITIES AND CAPITAL

Liabilities
Borrowings from other banks, financial institutions and agents 29,238,299,570 26,444,601,370
Deposits and other accounts 3
Current / Al-wadeeah Current Accounts and other Accounts 31,312,948,849 30,412,623,029
Bills Payable 4,309,070,018 5,756,649,635
Savings Bank / Mudaraba Savings Deposits 47,303,719,004 48,906,165,234
Fixed Deposits / Mudaraba Term Deposits 189,581,980,627 201,859,240,178
Bearer Certificates of Deposit - -
Other Deposits - -
272,507,718,498 286,934,678,076
Other liabilities 25,450,333,435 25,469,434,378
Total Liabilities 327,196,351,503 338,848,713,824

Capital/Shareholders' Equity
Paid up Capital 6,432,959,780 6,432,959,780
Foreign Currency Translation Reserve 2,198,346 2,198,346
Share Premium Account - -
Statutory Reserve 7,241,440,455 6,979,751,092
Other Reserve 646,903,256 657,678,748
Retained Earnings 3,712,039,620 3,319,387,820
Trust Bank Shareholders' Equity 18,035,541,457 17,391,975,786
Non-Controlling Interest 212,905,833 217,081,346
Total Shareholders' Equity 18,248,447,290 17,609,057,132
Total Liabilities and Shareholders' Equity 345,444,798,793 356,457,770,956

(853,662,682)
260,269,756
1,113,932,438

2
 31.03.2021 31.12.2020
Notes (Unaudited) (Audited)
Taka Taka

OFF-BALANCE SHEET ITEMS

Contingent Liabilities

Acceptances and endorsements 26,047,964,885 21,015,859,746

Letter of Guarantees 28,292,623,898 28,605,863,973
Irrevocable Letter of Credits 36,330,324,393 33,158,638,906
Bills for collection 5,071,353,317 4,683,845,177
95,742,266,493 87,464,207,802
Other Contingent Liabilities
Value of travelers' cheques in hand - -
Total: 95,742,266,493 87,464,207,802

Other commitments

Documentary Credit and short term trade -related transactions - -

Forward assets purchased and forward deposits placed 3,651,720,600 4,626,951,550
Undrawn note issuance and revolving facilities - -
Undrawn formal standby facilities, credit lines and other
commitments - -
3,651,720,600 4,626,951,550
Total Off-Balance Sheet items including contingent liabilities 99,393,987,093 92,091,159,352

Chief Financial Officer Company Secretary Managing Director Director Vice Chairman

3
 TRUST BANK LIMITED
and its subsidiaries
Consolidated Profit and Loss Account (Provisional and Unaudited)
For the period ended 31 March 2021 (1st Quarter)

1 January to 1 January to
Notes 31 March 2021 31 March 2020
Taka Taka

Interest income / Profit on Investment 4,191,681,429 5,197,015,119

Interest / Profit paid on deposits and borrowings etc. 2,922,630,807 3,637,072,423
Net interest income 1,269,050,622 1,559,942,696
Income from investments 1,654,298,805 1,082,943,686
Commission, exchange and brokerage 377,441,082 312,593,994
Other operating income 110,573,620 88,926,305
2,142,313,507 1,484,463,985
Total operating income 3,411,364,129 3,044,406,681
Salaries and allowances 512,072,083 495,849,397
Rent, taxes, insurance, electricity, etc. 136,082,703 99,874,798
Legal expenses 219,322 371,050
Postage, stamps, telecommunications, etc. 25,290,210 16,866,598
Stationery, printing, advertisement etc. 13,895,057 13,168,381
Managing Director's salary and benefits 1,742,871 3,142,950
Directors' fees 874,663 609,000
Auditors' fee 103,750 -
Charges on loan losses - -
Depreciation and repair of bank's assets 133,199,409 138,894,840
Other expenses 346,167,232 176,222,599
Total operating expenses 1,169,647,300 944,999,613
Profit before provision 2,241,716,829 2,099,407,068
Provision for loans & advances / Investments 760,046,138 680,355,000
Provision for Diminution in value of Investment (281,427) -
Other provision 103,224,000 20,453,532
862,988,711 700,808,532
Total Profit before Taxes 1,378,728,118 1,398,598,536
Provision for Taxation
Current tax 743,283,964 800,731,013
Deferred tax (14,721,496) 11,582,966
728,562,468 812,313,979
Net Profit after Taxation 650,165,650 586,284,557
Appropriations
Statutory Reserve 261,689,363 279,719,707
General reserve - -
261,689,363 279,719,707
Retained surplus 388,476,287 306,564,850
Earnings per share (EPS) 6.1 1.01 0.91

Chief Financial Officer Company Secretary Managing Director Director Vice Chairman

4
 TRUST BANK LIMITED
and its subsidiaries
Consolidated Cash Flow Statements
For the period ended 31 March 2021 (1st Quarter)

1 January to 1 January to
31 March 2021 31 March 2020
Taka Taka
A. Cash flow from operating activities
Interest received in cash 3,265,417,186 4,431,976,704
Interest payments (2,623,676,261) (2,000,157,661)
Dividend receipts 2,615,567 3,649,399
Fees and commission receipts in cash 1,581,682,601 495,442,459
Recoveries of loans previously written off 25,023,343 20,678,968
Cash paid to employees (486,970,993) (378,397,604)
Cash paid to suppliers (29,878,325) (16,547,161)
Income Taxes paid (998,737,525) (586,414,936)
Received from other operating activities (item-wise) 2,148,341,382 476,522,171
Payments for other operating activities (item-wise) (432,503,962) (499,851,495)
Operating profit before changes in operating
Assets and Liabilities 2,451,313,013 1,946,900,844
Increase/(Decrease) in operating assets & liabilities
Statutory Deposits - -
Net Investment in trading securities (1,405,085,631) (41,179,661)
Loan & advance to other banks - -
Loan & advance to customers 2,092,300,448 (76,391,037)
Other assets (item-wise) (363,882,337) (117,168,926)
Deposits from other banks (2,634,705,259) 74,500,053,762
Deposits from customers (11,845,477,222) (68,209,415,535)
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities (item-wise) (759,530,829) 280,036,008
Net cash from operating activities (A) (12,465,067,817) 8,282,835,455
B. Cash flow from investing activities
Proceeds from sale of securities - -
Payments for purchase of government securities 12,867,485,309 (1,395,582,527)
Purchase of property, plant & equipment (51,715,229) (16,763,963)
Purchase of intangible assets (3,153,810) (603,699)
Sale of property, plant & equipment 21,969,232 315,016
Purchase/ Sale of Subsidiary - -
Net cash from investing activities (B) 12,834,585,502 (1,412,635,173)
C. Cash flow from financing activities
Increase/(Decrease) in Borrowing:
Call loan - 140,000,000
Other borrowings 2,793,698,200 3,153,224,131
Received from TBL- (Inter-company) -
Dividend paid in cash - -
Net cash from financing activities (C ) 2,793,698,200 3,293,224,131
D. Net increase in Cash and Cash Equivalent (A+B+C) 3,163,215,885 10,163,424,413
E. Effects of exchange rate changes on cash
and cash equivalents (1,227,753,224) (226,480,269)
F. Opening Cash and Cash Equivalents 31,781,801,958 34,308,502,331
G. Cash and cash equivalents at end of year (D+E+F) 33,717,264,619 44,245,446,475

Consolidated Cash and Cash Equivalents at the end of the year

Cash in hand (including foreign currencies) 4,521,141,994 5,271,906,274
Balance with Bangladesh Bank & Sonali Bank (Incl. FCs) 13,817,348,162 23,304,568,044
Balance with Other Bank and Financial Institutions 12,688,360,363 14,428,274,157
Money at call and short notice 2,684,800,000 1,234,450,000
Prize Bond 5,614,100 6,248,000
Total 33,717,264,619 44,245,446,475

5
 TRUST BANK LIMITED
and its subsidiaries
Consolidated Statement of changes in Equity
For the period ended 31 March 2021 (1st Quarter)

Foreign
Share Non-
Currency Statutory Other Retained
Paid up Capital Premium Controlling Total
Particulars Translation Reserve Reserve Earnings
Account Interest
Reserve
Taka Taka Taka Taka Taka Taka Taka Taka
Balance as at 01 January 2021 6,432,959,780 - 217,081,346 2,198,346 6,979,751,092 657,678,748 3,319,387,820 17,609,057,132
Changes in accounting policy - - - - - - - -
Restated Balance 6,432,959,780 - 217,081,346 2,198,346 6,979,751,092 657,678,748 3,319,387,820 17,609,057,132
Surplus/Deficit on revaluation of
- - - - - -
properties
Surplus/Deficit on revaluation of
- - - (10,775,492) - (10,775,492)
investment
Currency translation difference - - - - - - -
Net gain and losses not recognized in
6,432,959,780 - 217,081,346 2,198,346 6,979,751,092 646,903,256 3,319,387,820 17,598,281,640
the income statement
Net profit/(loss) for the year after tax - - (4,175,513) - - 654,341,163 650,165,650
Statutory reserve - - 261,689,363 - (261,689,363) -
Dividends (Bonus Share) - - - - - -
Dividends (Cash) - - - - - -
Issue of Share Capital - - - - - - -
Balance as at 31 March 2021 6,432,959,780 - 212,905,833 2,198,346 7,241,440,455 646,903,256 3,712,039,620 18,248,447,290

TRUST BANK LIMITED

and its subsidiaries
Consolidated Statement of changes in Equity
For the period ended 31 March 2020 (1st Quarter)

Foreign
Share Non-
Currency Statutory Other Retained
Paid up Capital Premium Controlling Total
Particulars Translation Reserve Reserve Earnings
Account Interest
Reserve
Taka Taka Taka Taka Taka Taka Taka Taka
Balance as at 01 January 2020 6,126,628,370 - 789 2,232,421 6,579,751,092 22,299,687 2,547,843,316 15,278,755,675
Changes in accounting policy - - - - - -
Restated Balance - - - - - -
Surplus/Deficit on revaluation of
- - - - - -
properties
Surplus/Deficit on revaluation of
- - - (2,403,169) - (2,403,169)
investment
Currency translation difference - - - - - - -
Net gain and losses not recognized in
- - - - - -
the income statement
Net profit/(loss) for the year after tax - - 2 - - 586,284,555 586,284,557
Statutory reserve - - 279,719,707 - (279,719,707) -
Dividends (Bonus Share) - - - - - -
Dividends (Cash) - - - - - -
Issue of Share Capital - - - - - -
Balance as at 31 March 2020 6,126,628,370 - 791 2,232,421 6,859,470,799 19,896,518 2,854,408,164 15,862,637,063

6
 TRUST BANK LIMITED

Balance Sheet
As at 31 March 2021

31.03.2021 31.12.2020
(Unaudited) (Audited)
Taka Taka
PROPERTY AND ASSETS
Cash
Cash in hand (including foreign currencies) 4,521,141,994 4,540,041,205
Balance with Bangladesh Bank and its agent bank(s)
(including foreign currencies) 13,817,348,162 12,975,762,494
18,338,490,156 17,515,803,699
Balance with other banks and financial institutions
In Bangladesh 11,163,177,317 11,993,048,958
Outside Bangladesh 248,515,620 1,475,665,928
11,411,692,937 13,468,714,886
Money at call and short notice 2,684,800,000 680,000,000
Investments
Government 72,556,909,470 85,435,338,971
Others 6,759,507,242 5,509,507,242
79,316,416,712 90,944,846,213
Loans and Advances/Islami Banking Investments
Loans, Cash Credit, Overdrafts etc./ Investment 207,100,073,488 213,583,917,040
Bills purchased and discounted 11,200,812,633 7,479,769,141
218,300,886,121 221,063,686,181
Fixed assets including premises, furniture and fixtures 1,837,991,940 1,936,600,776
Other assets 10,110,262,034 9,168,676,752
Non-banking assets - -
Total Assets 342,000,539,900 354,778,328,507

LIABILITIES AND CAPITAL

Liabilities
Borrowings from other banks, financial institutions and agents 29,226,695,157 26,430,737,112
Deposits and other accounts
Current / Al-wadeeah Current Accounts and other Accounts 31,529,923,421 31,881,848,838
Bills Payable 4,309,070,018 5,756,649,635
Savings Bank / Mudaraba Savings Deposits 47,303,719,004 48,906,165,234
Fixed Deposits / Mudaraba Term Deposits 189,581,980,627 201,859,240,178
Bearer Certificates of Deposit - -
Other Deposits - -
272,724,693,070 288,403,903,885
Other liabilities 22,432,158,045 22,904,659,492
Total Liabilities 324,383,546,272 337,739,300,489

Capital/Shareholders' Equity
Paid up Capital 6,432,959,780 6,432,959,780
Foreign Currency Translation Reserve 2,198,346 2,198,346
Statutory Reserve 7,241,440,455 6,979,751,092
Other Reserve 646,903,256 657,678,748
Retained Earnings 3,293,491,791 2,966,440,052
Total Shareholders' Equity 17,616,993,628 17,039,028,018
Total Liabilities and Shareholders' Equity 342,000,539,900 354,778,328,507

7
 31.03.2021 31.12.2020
(Unaudited) (Audited)
Taka Taka

OFF-BALANCE SHEET ITEMS

Contingent Liabilities

Acceptances and endorsements 26,047,964,885 21,015,859,746

Letter of Guarantees 28,292,623,898 28,545,333,973
Irrevocable Letter of Credits 36,330,324,393 33,158,638,906
Bills for collection 5,071,353,317 4,683,845,177
95,742,266,493 87,403,677,802
Other Contingent Liabilities
Value of travelers' cheques in hand - -
Total: 95,742,266,493 87,403,677,802

Other commitments

Documentary Credit and short term trade -related transactions - -

Forward assets purchased and forward deposits placed 3,651,720,600 4,626,951,550
Undrawn note issuance and revolving facilities - -
Undrawn formal standby facilities, credit lines and other commitments - -
3,651,720,600 4,626,951,550
Total Off-Balance Sheet items including contingent liabilities 99,393,987,093 92,030,629,352

Chief Financial Officer Company Secretary Managing Director Director Vice Chairman

8
 TRUST BANK LIMITED

Profit and Loss Account (Provisional and Unaudited)

For the period ended 31 March 2021 (1st Quarter)

1 January to 1 January to
Notes 31 March 2021 31 March 2020
Taka Taka

Interest income / Profit on Investment 4,183,514,391 5,188,212,500

Interest / Profit paid on deposits and borrowings etc. 2,922,635,044 3,637,072,934
Net interest income 1,260,879,347 1,551,139,566
Income from investments 1,581,758,464 1,069,127,531
Commission, exchange and brokerage 366,761,492 309,324,896
Other operating income 92,109,794 84,955,995
2,040,629,750 1,463,408,422
Total operating income 3,301,509,097 3,014,547,988
Salaries and allowances 492,291,890 489,403,688
Rent, taxes, insurance, electricity, etc. 130,307,368 95,974,449
Legal expenses 137,738 369,050
Postage, stamps, telecommunications, etc. 25,189,833 16,663,313
Stationery, printing, advertisement etc. 13,682,888 13,055,958
Managing Director's salary and benefits 1,370,091 2,557,500
Directors' fees 696,000 588,000
Auditors' fee - -
Charges on loan losses - -
Depreciation and repair of bank's assets 128,964,572 138,452,329
Other expenses 337,151,762 173,707,409
Total operating expenses 1,129,792,142 930,771,696
Profit before provision 2,171,716,955 2,083,776,292
Provision for loans & advances / Investments 760,046,138 680,355,000
Provision for Diminution in value of Investment - -
Other provision 103,224,000 20,453,532
863,270,138 700,808,532
Total Profit before Taxes 1,308,446,817 1,382,967,760
Provision for Taxation
Current tax 730,030,000 797,000,000
Deferred tax (10,324,285) 11,583,887
719,705,715 808,583,887
Net Profit after Taxation 588,741,102 574,383,873
Appropriations
Statutory Reserve 261,689,363 276,593,552
General reserve - -
261,689,363 276,593,552
Retained surplus 327,051,739 297,790,321
Earnings per share (EPS) 6 0.92 0.89

Chief Financial Officer Company Secretary Managing Director Director Vice Chairman

9
 TRUST BANK LIMITED

Cash Flow Statements

For the period ended 31 March 2021 (1st Quarter)

1 January to 1 January to
31 March 2021 31 March 2020
Taka Taka
A. Cash flow from operating activities
Interest received in cash 3,682,652,365 4,404,705,397
Interest payments (2,623,680,498) (2,000,158,172)
Dividend receipts 2,570,312 175,000
Fees and commission receipts in cash 1,581,682,601 495,442,459
Recoveries of loans previously written off 25,023,343 20,678,968
Cash paid to employees (470,457,279) (373,791,764)
Cash paid to suppliers (6,869,415) (16,474,223)
Income Taxes paid (994,478,821) (574,407,641)
Received from other operating activities (item-wise) 1,617,976,909 436,754,463
Payments for other operating activities (item-wise) (422,346,173) (478,524,821)
Operating profit before changes in operating
Assets and Liabilities 2,392,073,344 1,914,399,666
Increase/(Decrease) in operating assets & liabilities
Statutory Deposits - -
Net Investment in trading securities (1,250,000,000) -
Loan & advance to other banks - -
Loan & advance to customers 2,102,774,816 (69,948,016)
Other assets (item-wise) (392,992,022) (146,525,842)
Deposits from other banks (2,634,705,259) 74,500,053,762
Deposits from customers (13,097,728,459) (68,187,348,518)
Other liabilities account of customers - -
Trading liabilities - -
Other liabilities (item-wise) (766,482,385) 277,142,550
Net cash from operating activities (A) (13,647,059,965) 8,287,773,602
B. Cash flow from investing activities
Proceeds from sale of securities - -
Payments for purchase of government securities 12,867,485,309 (1,395,582,527)
Purchase of property, plant & equipment (37,149,779) (15,803,446)
Purchase of intangible assets (3,153,810) (603,699)
Sale of property, plant & equipment 21,969,232 315,016
Purchase/ Sale of Subsidiary -
Net cash from investing activities (B) 12,849,150,952 (1,411,674,656)
C. Cash flow from financing activities
Increase/(Decrease) in Borrowing: -
Call loan - 140,000,000
Other borrowings 2,795,958,045 3,154,214,345
Dividend paid in cash - -
Net cash from financing activities (C ) 2,795,958,045 3,294,214,345
D. Net increase in Cash and Cash Equivalent (A+B+C) 1,998,049,032 10,170,313,291
E. Effects of exchange rate changes on cash
and cash equivalents (1,227,753,224) (226,480,269)
F. Opening Cash and Cash Equivalent 31,670,301,385 34,231,981,324
G. Cash and cash equivalents at end of year (D+E+F) 32,440,597,193 44,175,814,346

Cash and Cash Equivalents at the end of the year

Cash in hand (including foreign currencies) 4,521,141,994 5,271,906,274
Balance with Bangladesh Bank & Sonali Bank (Incl. FCs) 13,817,348,162 23,304,568,044
Balance with Other Bank and Financial Institutions 11,411,692,937 14,358,642,028
Money at call and short notice 2,684,800,000 1,234,450,000
Prize Bond 5,614,100 6,248,000
Total 32,440,597,193 44,175,814,346

10
 TRUST BANK LIMITED

Statement of changes in Equity

For the period ended 31 March 2021 (1st Quarter)

Foreign
Share
Currency Statutory Retained
Paid up Capital Premium Other Reserve Total
Particulars Translation Reserve Earnings
Account
Reserve
Taka Taka Taka Taka Taka Taka Taka
Balance as at 01 January 2021 6,432,959,780 - 2,198,346 6,979,751,092 657,678,748 2,966,440,052 17,039,028,018
Changes in accounting policy - - - - - -
Restated Balance 6,432,959,780 - 2,198,346 6,979,751,092 657,678,748 2,966,440,052 17,039,028,018
Surplus/Deficit on revaluation of
- - - - - -
properties
Surplus/Deficit on revaluation of
- - - - (10,775,492) - (10,775,492)
investment
Currency translation difference - - - - - - -
Net gain and losses not recognized
6,432,959,780 - 2,198,346 6,979,751,092 646,903,256 2,966,440,052 17,028,252,526
in the income statement
Net profit/(loss) for the year after
- - - - 588,741,102 588,741,102
tax
Statutory reserve - - 261,689,363 - (261,689,363) -
Dividends (Bonus Share) - - - - - -
Dividends (Cash) - - - - - -
Issue of Share Capital ( Rights
- - - - - -
Share)
Balance as at 31 March 2021 6,432,959,780 - 2,198,346 7,241,440,455 646,903,256 3,293,491,791 17,616,993,628

TRUST BANK LIMITED

Statement of changes in Equity

For the period ended 31 March 2020 (1st Quarter)

Foreign
Share
Currency Statutory Retained
Paid up Capital Premium Other Reserve Total
Particulars Translation Reserve Earnings
Account
Reserve
Taka Taka Taka Taka Taka Taka Taka
Balance as at 01 January 2020 6,126,628,370 - 2,232,421 6,579,751,092 22,299,687 2,208,787,515 14,939,699,085
Changes in accounting policy - - - - - -
Restated Balance - - - - - -
Surplus/Deficit on revaluation of
- - - - - -
properties
Surplus/Deficit on revaluation of
- - - - (2,403,169) - (2,403,169)
investment
Currency translation difference - - - - - - -
Net gain and losses not recognized
- - - - - -
in the income statement
Net profit/(loss) for the year after
- - - - 574,383,873 574,383,873
tax
Statutory reserve - - 276,593,552 - (276,593,552) -
Dividends (Bonus Share) - - - - - -
Dividends (Cash) - - - - - -
Issue of Share Capital ( Rights
- - - - - -
Share)
Balance as at 31 March 2020 6,126,628,370 - 2,232,421 6,856,344,644 19,896,518 2,506,577,836 15,511,679,789

11
 TRUST BANK LIMITED
Notes to the Financial Statements
For the period ended 31 March 2021 (1st Quarter)

1 Reporting entity
1.1 Changes of Accounting policy
Accounting policies in this financial statements are same as those applied in its last audited financial statements
of December 2020.

1.2 Basis of Consolidation

The consolidated financial statements include the financial statements of Trust Bank Limited and its two
subsidiaries Trust Bank Investment Limited and Trust Bank Securities Limited, for the 1st quarter ended as on 31
March 2021.

1.3 Provision for Income Tax

Provision for income tax has been made @ 37.50% on Business Income after considering some taxable income
add back and disallowances of expenditures as well as other applicable rates for other income in accordance with
the provision of the Income Tax Ordinance 1984.

Deferred tax expenditure has been accounted for in the quarterly financial statements due to decrease of
Deferred Tax Assets with due compliance with Income Tax Laws and International Accounting Standard - 12
"Income Taxes".

1.4 Earnings Per Share

The Group and the Bank present basic earnings per share (EPS) data for the ordinary shares. Basic EPS is
calculated by dividing the profit or loss attributable to the ordinary shareholders of the Group/Bank by the number
of ordinary shares outstanding as on 31 March 2021.

The EPS for the reporting period has been increased from the last year due to increase of income.

31.03.2021 31.12.2020
(Unaudited) (Audited)
Taka Taka
2 Consolidated Loans and Advances/Islami Banking Investments
Loans And Advances
Trust Bank Limited 207,100,073,488 213,583,917,040
Trust Bank Securities Limited - -
Trust Bank Investment Limited 2,156,760,487 2,167,232,695
Trust Axiata Digital Limited - -
209,256,833,975 215,751,149,735
Less : Inter Company Transaction 15,003 15,003
209,256,818,972 215,751,134,732
Bills purchased and discounted
Trust Bank Limited 11,200,812,633 7,479,769,141
Trust Bank Securities Limited - -
Trust Bank Investment Limited - -
Trust Axiata Digital Limited - -
11,200,812,633 7,479,769,141
220,457,631,605 223,230,903,873

3 Consolidated Deposits and Other Accounts

Current / Al-wadeeah Current Accounts and other Accounts
Trust Bank Limited 31,529,923,421 31,881,848,838
Trust Bank Securities Limited - -
Trust Bank Investment Limited 82,741,162 86,843,950
Trust Axiata Digital Limited - -
31,612,664,583 31,968,692,788
Less : Inter Company Transaction 299,715,734 1,556,069,759
31,312,948,849 30,412,623,029
Bills Payable 4,309,070,018 5,756,649,635
Savings Bank Deposits/Mudaraba Savings Deposits 47,303,719,004 48,906,165,234
Fixed Deposits/Mudaraba Term Deposits 189,581,980,627 201,859,240,178
272,507,718,498 286,934,678,076

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 4 CAPITAL
4.1 Authorized Capital
1,000,000,000 Ordinary shares of Tk. 10 each 10,000,000,000 10,000,000,000
4.2 Issued, Subscribed and Paid Up Capital
643,295,978 Ordinary shares of Tk. 10 each 6,432,959,780 6,432,959,780
Details history of raising capital and number of shares issued are available in the Annual Report 2020

1 January to 1 January to
31 March 2021 31 March 2020
Taka Taka
5 Deferred Tax: Asset
Oepning Balance 176,443,674 159,674,738
Addition during the year 10,324,285 126,649
Closing Balance 186,767,959 159,801,387

6 Earnings per Share (EPS)

Profit attributable to outstanding ordinary share holders 588,741,102 574,383,873
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Earnings per Share 0.92 0.89

6.1 Consolidated Earnings per Share (EPS)

Profit attributable to outstanding ordinary share holders 650,165,650 586,284,557
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Earnings per Share 1.01 0.91

7 Net Asset Value (NAV) per Share

Net Asset Value (NAV) 17,616,993,628 15,511,679,789
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Net Asset Value (NAV) per Share 27.39 24.11

7.1 Consolidated Net Asset Value (NAV) per Share

Net Asset Value (NAV) 18,248,447,290 15,862,637,063
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Net Asset Value (NAV) per Share 28.37 24.66

8 Net Operating Cash Flow per share (NOCFPS)

Net Operating Cash Flow (13,647,059,965) 8,287,773,602
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Net Operating Cash Flow per share (NOCFPS)* (21.21) 12.88

8.1 Consolidated Net Operating Cash Flow per share (NOCFPS)

Net Operating Cash Flow (12,465,067,817) 8,282,835,455
Nos of Ordinary Shares outstanding 643,295,978 643,295,978
Net Operating Cash Flow per share (NOCFPS)* (19.38) 12.88

*Net Operating Cash Flow per share (NOCFPS) has been decreased due to decrease of Deposits from
Customer.

9 Reconcilition of Net Profit after tax with Cash flows from Operating Activities (consolidated)

Net Income (Loss) 650,165,650 586,284,557

Adjustments to reconcile net income to net cash provided by
operating activities:
Interest Income (926,264,243) (765,038,415)
Interest Expense 298,954,546 1,636,914,762
Fees and commission Income 1,204,241,519 182,848,465
Recoveries of loans previously written off 25,023,343 20,678,968
Salary and Allownaces 26,843,961 120,594,743
Printing and Stationeries (29,878,325) (16,547,161)
Income Taxes (270,175,057) 225,899,043
Other Operating Income 386,084,524 (691,698,421)
Other operating Expenses 223,328,384 (53,844,229)
Provision for loans & advances / Investments / Other Assets 862,988,711 700,808,532
Operating profit before changes in operating Assets and Liabilities 2,451,313,013 1,946,900,844

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 Increase/(Decrease) in operating assets & liabilities
Net Investment in trading securities (1,405,085,631) (41,179,661)
Loan & advance to customers 2,092,300,448 (76,391,037)
Other assets (item-wise) (363,882,337) (117,168,926)
Deposits from other banks (2,634,705,259) 74,500,053,762
Deposits from customers (11,845,477,222) (68,209,415,535)
Other liabilities (item-wise) (759,530,829) 280,036,008
Net cash from operating activities (12,465,067,817) 8,282,835,455

10 Significant deviation between two quarterly periods and reasons therefore:

Figures are in BDT Crore

Consolidated
Increase/
Particulars 1 Jan to 1 Jan to Reasons
Decrease
31 Mar 2021 31 Mar 2020
Income from investments has increased
in Jan-Mar, 2021 compared to that of
Income from
165.43 108.29 57.14 Jan-Mar, 2020 mainly due to increase of
investments
investment in Treasury Bills and Bonds
by the bank.
Rent, taxes, Due to implementation of IFRS 16, rent
insurance, 13.61 9.99 3.62 expenses have been adjsuted with the
electricity, etc. depreciation expenses.

Depreciation and Due to implementation of IFRS 16, rent

repair of bank's 13.32 13.89 (0.57) expenses have been adjsuted with the
assets depreciation expenses.

Total tax provision includes current tax

Provision for and deferred tax has been increased
72.86 81.23 (8.38) due to increase of operating profit as
Taxation
well as implementation of IFRS 16.

11 Credit Rating of the Bank

As per BRPD Circular no. 6 dated 5 July 2016, the bank has done its credit rating by Credit Rating Agency of
Bangladesh Ltd. (CRAB) based on the financial statements as at and for the year ended 31 December 2019. The
following ratings have been awarded:
Date of Rating Surveillance Rating
Periods Outlook
Long Term Short Term
January to December 2019 10-Sep-20 AA2 ST-2 Stable
January to December 2018 24-Jun-19 AA 2 ST-2 Stable
January to December 2017 27-Jun-18 AA2 ST-2 Stable

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