GTB earned income mainly from loan interests and profit and loss of GTB for the financial of 2016-2017.-
Total | Income | 65.96 | Billion Kyats | |
Total | Expenditure | 52.79 | Billion Kyats | |
Net | Net Profit | 13.17 | Billion Kyats |
(Provision for Income Tax of 3.4 billion in kyats has already been deducted and prepaid to the Internal Revenue,Department.)
GTB Bank achieves the presidential Excellence Award on top income tax payee bank, it has listed as the top fifth position among 1000 tax paying companies at in second position among all private banks for the financial year 2013-2014. In 2014-2015 financial year, GTB was listed six largest income tax payer in the whole country conferred Certificate of honour by Department of Internal Revenue of the Ministry of Finance. In 2016-2017 financial year, GTB keep the position of Country top income tax payers for three consecutive year .
For the financial year of 2016-2017
(a) | General reserved fund 25% of profit | 2.4702 | Billion Kyats |
(b) | Reserved Fund for Bad and Doubtful Depts | 0.2830 | Billion Kyats |
(c) | Reserved Fund for contingency | 0.1060 | Billion Kyats |
(d) | Shortfall into value of Securities | 0.1000 | Billion Kyats |
(e) | Dividend paid out (13%) | 6.783 | Billion Kyats |
(f) | Retained earning for the year | 0.010 | Billion Kyats |
Non Banking Assets for the financial year of 2016-2017 is mentioned below:
(Kyat Billion) | ||
(a) | Land and Building | 40.30 |
(b) | Machinery and Equipment | 3.97 |
(c) | Computers and Accessories | 0.85 |
(d) | Motor Vehicles | 2.54 |
(e) | Furniture's etc.. | 0.597 |
Total | 48.26 |