Annual Report 2006 of IGI Investment Bank Limited

It is a broadly described annual report (director’s report)of IGI Investment Bank Limited in the year of 2006. During the financial year, The Bank’s Total assets grew by 19.47% from last year’s Rs. 4,429.7 million to Rs. 5,292.1 million this year. Deposits of the Bank increased from Rs. 1,486.7 million to Rs. 2,038 million demonstrating a growth rate of 37.14%. During the year, the Bank registered a pre-tax profit of Rs. 28.8 million for the year under review compared to last year’s pretax profit of Rs. 80.8 million. Profit for the year after taxation Rs. 37.3 million. Earnings per share (EPS) for the year Rs. 0.89 per share as against Rs. 1.78 for the previous year.

The Board of Directors of the Bank has recommended issue of Bonus Shares in the proportion 1 (one) share for every 10 (ten) shares held. The bonus shares are proposed to be issued out of general reserve (Rs. 41,917,500) for the year ended 2006.

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