Profit & Loss Of Global Treasure Bank

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.)

Awarded to GTB Bank ,Presidential Excellence Award On Income Tax Payers' Payment

GTB bank achieves the Presidential Excellence Award on top Income Tax Payers and was listed as the top six among 1000 tax paying companies, and in second position among all private banks for the year 2014-2015. In 2015-2016 income year, GTB was conferred top income taxpayers awarded and Certificate of honor by Department of Internal Revenue of Ministry of Finance as the six largest income tax payer (Myanmar Company) in the whole country, and third position among all Myanmar banks.In 2016-2017 income year, GTB was ranked eleventh tax payer among 1000 tax paying company and in third position banks among all banks.

Distribution of Reserved Funds & Profits

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 (Ended 2016-2017)

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