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 31st December 2009. Earnings per share stood at BDT 60.98 as on December 31st, 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 31st 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.
More Annual Report of Brac Bank Limited:
- Annual Report 2008 of Brac Bank Limited
- Annual Report 2009 of Brac Bank Limited
- Annual Report 2010 of Brac Bank Limited
- Annual Report 2011 of Brac Bank Limited
- Annual Report 2012 of Brac Bank Limited
- Annual Report 2013 of Brac Bank Limited
- Annual Report 2014 of Brac Bank Limited
- Annual Report 2015 of Brac Bank Limited
- Annual Report 2016 of Brac Bank Limited
