The central bank made a profit of Tk 939 crore in 2003-04 fiscal year.

A BB source has attributed the profit growth to swelling income both in foreign and local sources as well as significant cut in expenditure.

In 2004-05 fiscal year, BB's total income rose by Tk 392 crore taking the total income to Tk 2,492 crore. Income from foreign source was Tk 1,708 crore.

Sources said the BB deposited its foreign currencies with different international banks and it is the interest from this deposit that contributed to BB's high income. Throughout last year the BB was able to maintain around $ 3 billion foreign exchange reserves.

BB earned Tk 784 crore from local sources against the previous year's Tk 614 crore. Commercial banks in the second half of the last fiscal year suffered from liquidity crisis. To tackle the problem, these banks took loans from the BB by depositing treasury bills through reverse repo, which significantly helped to make BB's coffer heavier.

Besides, the BB had also been able to cut its expenditure by a sizable amount of Tk 560 crore in the last fiscal year. It was possible due to non-requirement of provision for loan losses.

From the last year's profit the BB will give Tk 760 crore to the government while it gave away Tk 602 crore in the previous year.