PCBs post huge profit in 2008

IBBL secures top position
The country’s private commercial banks made a huge operating profit in 2008 calendar year despite global financial crisis, bank sources said.
‘The PCBs have earned huge amount of money from high interest rates on loans, commissions and fees from their services,’ said a senior bank official.
The official also said the private banks had earned huge money from opening letter of credit as prices of consumer products increased on the international markets.
Among 30 PCBs, the Islamic Bank Bangladesh Limited has secured the top position with a profit of Tk 628.23 crore, up from Tk 550 crore last year.
The Prime Bank Limited has secured the second position with an operating profit of Tk 480 crore against Tk 350 crore in 2007.
The operating profit of the Pubali Bank Limited has stood at Tk 365 crore which was Tk 306 crore in the previous year.
The National Bank Limited has made an operating profit of Tk 352 crore, up from Tk 290 crore in 2007.
The Export Import Bank of Bangladesh Limited has earned operating profit of Tk 267 crore, while it made Tk 205 crore last year.
The operating profit of United Commercial Bank Limited has soared to Tk 260 crore from Tk 215 crore in 2007.
The National Credit and Commerce Bank Limited has lifted the margin of its operating profit to Tk 233 crore from Tk 178 crore in the previous year.
The Dutch-Bangla Bank Limited has made an operating profit of Tk 218 crore, while it earned Tk 150 crore last year.
The operating profit of the Shahajalal Islami Bank Limited has stood at Tk 207 crore in 2008, while it was Tk 137 crore in 2007.