It is a broadly described annual report of IFIC Bank Limited in the year of 2010. The total payment against earnings to government exchequer by the Bank during the year 2010 was Tk. 835.99 million which was Tk. 535.44 million in the year 2009. The deposit of the Bank reached Tk. 5,592 Crore in 2010 against Tk. 5,002 Crore in 2009, showing a growth of 11.80%, loans & advances increased to Tk. 4,883 Crore from Tk. 3,779 Crore, registering a growth of 29.21% and foreign trade and remittance grew by 18.71% from Tk. 11,111 Crore to Tk. 13,190 Crore. The Bank earned an operating profit of Tk. 418.35 Crore in 2010, registering a growth of 102% over the previous year. Earnings per share of the Bank also increased by 85% to Tk. 76.34 as on 31.12.2010 as against Tk. 41.27 of 31.12.2009.
The Board of Directors’ of the IFIC Bank in its 558th Meeting held on April 27th, 2011 recommended @ 27%. The stock dividend for all the shareholders from the operating profit of the Bank for the year 2010 subject to the approval of the shareholders in the 34th 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 IFIC Bank Limited in the year of 2016:
