It is a broadly described annual report of Bank Asia Limited in the year of 2009. During the financial year, operating profit of the Bank reached a record level of Tk. 2,617 million in 2009, showing an increase of 37% over that of 2008. After making provision for taxes, provision for loans and contingent liabilities, net profit for 2009 stands Tk. 1,327 million with the growth rate of 93% over previous year’s profit after provision and tax. Deposits of the Bank were Tk. 54,838 million in 2009 indicating a growth rate of 29.22 percent. The return on average equity was 32.03 percent and Earnings Per Share (EPS) stood at Tk. 61.88.
For 2009, the Board of Directors has recommended a dividend of @40% for the shareholders in the form of the stock dividend. 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 Bank Asia Limited:
- Annual Report 2007 of Bank Asia Limited
- Annual Report 2008 of Bank Asia Limited
- Annual Report 2009 of Bank Asia Limited
- Annual Report 2010 of Bank Asia Limited
- Annual Report 2011 of Bank Asia Limited
- Annual Report 2012 of Bank Asia Limited
- Annual Report 2013 of Bank Asia Limited
- Annual Report 2014 of Bank Asia Limited
