It is a broadly described annual report of KASB Bank Limited in the year of 2006. During the financial year, The Bank’s Total assets stood at Rs. 26,538,735 million (2005: Rs. 19,103 million, an increase of 38.9%). Deposits increasing to Rs. 21,275,570 million (2005: Rs. 14,828 million, an increase of 43.5%). The Share capital of the Bank was Rs. 2,292,707 million. The Bank’s Profit/(loss) before taxation at Rs. 52,795 million. Profit/(loss) after taxation for the year at Rs. 137,347 million. The paid-up capital of the bank as at 31st December 2006 amounts to Rs 2,293 million and the bank has accumulated losses of Rs 163,156 million as at that date. Basic / diluted earnings / (loss) per share was Rs. 0.64.
The Board of Directors of the Bank has not recommended any dividend for the year ended 31st December 2006.
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