Bangladesh central bank's net profit rose 44.2 percent to 34.6 billion taka ($505 million) in the 2006/07 financial year that ended in June. "From the net profit an amount of 7.6 billion taka and 0.2 billion taka were transferred to foreign exchange revaluation reserve and gold and silver revaluation reserve respectively," the Bangladesh Bank said in its annual report released on Wednesday.
Profit rose as foreign currency reserves increased by $2.0 billion in the last financial year, and also due to refinancing to banks and appreciations of exchange rate, said a senior official at the Bangladesh Bank.
A total of 3.8 billion taka was transferred to statutory fund, interest reserve account and other funds and 1.1 billion taka to asset renewal and replacement reserve account, the central bank said. "The surplus amount of 21.9 billion was transferred to the government account," it said.