It is a broadly described annual report of Eastern Bank Limited in the year of 2007. Being a regular taxpayer the bank has made a direct contribution to government exchequer an amount of BDT 723 minion in the calendar year 2007 against BDT 578 million in 2006 registering a growth of 25 percent. During the financial year, The Bank’s profit after tax (PAT) has decreased by 18.33 percent to BDT 419.14 million during 2007. Eastern Bank Limited has made a staggering 37.72 percent growth in Operating Profit in 2007 to BDT 1,870.40 million largely backed by a quantum growth (96 percent) of Net Interest Income (NII). Earnings per Share (EPS) has dropped to BDT 40.50 in 2007 against BDT 49.58 in 2006.
For the year ended December 31st, 2007 the Board has recommended a stock dividend of 34% as compared to cash dividend @ 20% and a stock dividend @ 25% for the year 2006 and a Rights Issue @ 2:1 at par (One share for two existing shares held). These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Eastern Bank Limited:
- Annual Report 2007 of Eastern Bank Limited
- Annual Report 2008 of Eastern Bank Limited
- Annual Report 2009 of Eastern Bank Limited
- Annual Report 2010 of Eastern Bank Limited
- Annual Report 2011 of Eastern Bank Limited
- Annual Report 2012 of Eastern Bank Limited
- Annual Report 2013 of Eastern Bank Limited
- Annual Report 2014 of Eastern Bank Limited
- Annual Report 2015 of Eastern Bank Limited
- Annual Report 2016 of Eastern Bank Limited
