Annual Report 2010 of Askari Commercial Bank Limited

It is a broadly described annual report of Askari Commercial Bank Limited in the year of 2010. During the financial year, The Bank’s Total assets stood at Rs. 314,744,552 million (2009: Rs. 254,327,446 million). The Deposits of the Bank was Rs. 255,936,503 million (2009: Rs. 205,970,227 million). The share capital of the Bank was Rs. 6,427,440 million. During the year profit before taxation was Rs. 1,273,136 million. Profit after taxation for the year Rs. 943,177 million. The earnings per share for the year ended 31^st December 2010, worked out after taking into account the number of shares issued during 2010, was Rs. 1.48 per share against last year’s Rs. 1.79 per share, a decline of 17.3%.

The Board of Directors of the Bank has proposed @10% bonus shares for the year ended 31^st December 2010.

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