It is a broadly described annual report of Eastern Bank Limited in the year of 2008. Being a regular taxpayer the bank has made a direct contribution to government exchequer an amount of BDT 940 million in the calendar year 2008 against BDT 723 million in 2007 registering a growth of 30 percent. Earnings per share (EPS) has increased by 90.33 percent to BDT 57.52 during 2008 riding on 27.54 percent growth in operating profit (BDT 2,385.54 million vs. BDT 1,870.40 million in 2007) and an impressive 22.27 percent decrease of loan provisions (BDT 454.54 million vs. BDT 584.74 million in 2007). The combined Profit & Loss Account for the year 2008 shows Profit after tax (PAT) of BDT 797.77 million but the distributable profit is BDT 445.87 million after a mandatory transfer of BDT 351.90 million to statutory reserve.
The Board of Directors has recommended Stock Dividend @ 20% for the year 2008. 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
