Annual Report 2011 of Askari Commercial Bank Limited

It is a broadly described annual report of Askari Commercial Bank Limited in the year of 2011. During the financial year, The Bank’s Total assets stood at Rs. 343,756,306 million (2010: Rs. 314,744,552 million). The Deposits of the Bank was Rs. 291,502,993 million (2010: Rs. 255,936,503 million). The share capital of the Bank was Rs. 7,070,184 million. During the year profit before taxation was Rs. 2,412,751 million. Profit after taxation for the year Rs. 1,627,698 million. The earnings per share for the year ended 31^st December 2011 amounted to Rs. 2.30 per share against last year’s Rs. 1.34 per share on a diluted basis, an increase of 71.64%.

The Board of Directors of the Bank has proposed @15% bonus shares for the year ended 31^st December 2011.

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