It is a broadly described annual report of Al-Arafah Islami Bank Limited in the year of 2011. In 2011, total value added by AIBL was BDT 4,914.93 million as against BDT 3,634.30 million in 2010. Bank’s direct contribution to the economy was BDT 1,747.87 million in the form of corporate income tax. The Bank distributed BDT 918.41million for its total 1,807 officials in 2011 as against that of BDT 714.80 million in 2010. Economic Value Added (EVA) of the Bank stood at BDT 1,341.30 million as on 31 December 2011 as against that of BDT 1,113.75 million in 2010. The total assets of the Bank increased to Tk. 106,768.18 million as on 31st December 2011 which was Tk.74,005.01 in 2010. In 2011 the Bank earned a profit before tax & provision of Tk. 4,326.78 million which is 34.24% higher than the previous year.
The Board of Directors of the Bank is pleased to recommend @21% stock dividend in the year 2011. 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 Al-Arafah Islami Bank Limited:
- Annual Report 2009 of Al-Arafah Islami Bank Limited
- Annual Report 2010 of Al-Arafah Islami Bank Limited
- Annual Report 2011 of Al-Arafah Islami Bank Limited
- Annual Report 2012 of Al-Arafah Islami Bank Limited
- Annual Report 2013 of Al-Arafah Islami Bank Limited
- Annual Report 2014 of Al-Arafah Islami Bank Limited
- Annual Report 2015 of Al-Arafah Islami Bank Limited
- Annual Report 2016 of Al-Arafah Islami Bank Limited
