Annual Report 2011 of IPDC Finance Limited

It is a broadly described annual report of IPDC Finance Limited in the year of 2011. IPDC made total new disbursement of Tk. 1,979.2 million during the year representing 24% growth over previous year. The gross loan, advance and lease portfolio have increased from Tk. 4,151 million to Tk. 4,325 million while the gross classified portfolio has decreased from Tk. 1,120 million to only Tk. 563.8 million with a staggering reduction by 49.7%. The net classified loan, advance and lease portfolio are now only Tk. 80.7 million or 1.87% which is a testimony of company’s stronger balance sheet. The market capitalization decreased by 25% during the year and stood at BDT 2,616.73 billion at the year-end. Profit before provision has decreased to Tk. 13110 million in 2011 Tk. 230.30 million in the previous year. IPDCs net profit during 2011 stood at 11. 111.67 million as opposed to 11. 176.2 million (restated) of the previous year.

The return on average investment was 6.06 % and earnings per share (EPS) stood at Tk. 1.18 during 2011. The Board of Directors of the Company in its 126thmeeting held on 26^th February 2012 recommended @10% (ten percent) stock dividend for the year ended 31^st December 2011 which is subject to the approval of Bangladesh Bank and of the shareholders’ in the upcoming 30^th Annual General Meeting scheduled to be held on 03^rd May 2012. A total amount of recommended stock dividend is Tk. 94,853,850. 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 IPDC Finance Limited: