Annual Report 2010 of MCB Bank Limited

It is a broadly described annual report of MCB Bank Limited in the year of 2010. During the financial year, The Bank’s Total Assets stood at Rs. 567,552,613 million. The Bank’s deposits were Rs. 431,372 million for the year ended 2010. Total non–mark– up/interest income of the Bank was Rs. 6,265,306 million. Profit before tax was Rs. 26,253 million. Profit after taxation for the year was Rs. 16,873 million. The earnings per share (EPS) of the Bank were reported at Rs. 22.20 for the year-end 2010 as compared to Rs. 20.38 in 2009. The return on equity of the Bank was reported at 25.9% (2009: 27.3%), with ROA reported at 3.13% (2009: 3.25%).

The Board of Directors of the Bank has recommended a final cash dividend @30% and bonus shares @10% for the year ended 31^st December 2010. This is in addition to 85% interim cash dividends announced during the year.

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