It is a broadly described annual report of Brac Bank Limited in the year of 2011. The Bank had a total profit after tax of BDT 1,702 million which is 1.9% higher than last years. Besides, an operating profit of BDT 4,970 million posted a 31.7% growth. Total assets stood at BDT 133,201 million with a 13.6 % growth. Total customers’ deposits stood at BDT 103,726 million with a 17.7 % growth. Interest income of the bank has increased by 25.9% in 2011 and is consistent with the increase of loans and advances growth by 10.1%. Net interest income in 2011 was BDT 5,446 million, which increased by 7.8% from last year mainly due to higher interest income on loans. Total assets of the bank rose to BDT 133,201 million in 2011 from BDT 117,298 million in 2010 registering a growth of 13.6%.
The Board of Directors declared Bonus Share of 20% stock dividend for the year ended 31st December 2011, subject to the approval of the 13th Annual General Meeting. 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 Brac Bank Limited:
- Annual Report 2008 of Brac Bank Limited
- Annual Report 2009 of Brac Bank Limited
- Annual Report 2010 of Brac Bank Limited
- Annual Report 2011 of Brac Bank Limited
- Annual Report 2012 of Brac Bank Limited
- Annual Report 2013 of Brac Bank Limited
- Annual Report 2014 of Brac Bank Limited
- Annual Report 2015 of Brac Bank Limited
- Annual Report 2016 of Brac Bank Limited
