Annual Report 2009 of Brac Bank Limited

It is a broadly described annual report of Brac Bank Limited in the year of 2009. BRAC Bank’s net profit after tax in 2009 was BDT 1303.6 Million – an increase of 34% from last year. Return on Equity (ROE) was 19.19%, and Earnings per share were 60.98. Interest income of the Bank has increased by 14% in 2009 is consistent with the increase of Loans and Advances by 21%. Total Assets of the Bank rose to BUT 94.582 million in 2009 from BDT 72.442 million in 2008 registering a growth of 31%. Loans and advances increased by BDT 11,474 million or 22% to BDT 64,151 million at 31^st December 2009. Earnings per share stood at BDT 60.98 as on December 31^st, 2009 compared to BDT 45.00 at the end of the previous year.

The Board of Directors has recommended 30% stock dividend for the year ended 31^st December 2009 subject to the approval of the Annual General Meeting. 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.

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