It is a broadly described annual report of Hatton National Bank Limited in the year of 2011. During the financial year, Total Assets of the Bank stood at Rs. 378,150,588 billion. The Bank managed to grow its pre-tax profits by 15.4% to Rs. 7.8 billion compared to the previous year, while the Group posted a pre-tax profit of Rs. 8.5 billion recording a growth of 17%. The net profit after tax for the Bank stood at Rs. 5.6 billion recording a growth of 24.8 % in 2011. The Group net profit for 2011 amounted to Rs. 6.2 billion which represents a year on year growth of 27.6%. The Bank raised Rs. 6.1 billion by way of a rights issue during the year, which together with the retained earnings, led to a 36% growth in shareholders’ funds from Rs. 27.3 billion in 2010 to Rs. 37.1 billion in 2011.
The Board of Directors of the Bank has recommended that final dividend of Rs. 6.00 per share which will consist of Rs. 3.00 per share in cash and Rs. 3.00 per share in the form of a scrip dividend, (2010: Rs. 5.50 per share in cash) on both voting and non-voting shares of the Bank, be paid for the financial year ended 31st December 2011.
More Annual Report of Hatton National Bank Limited:
- Annual Report 2004 of Hatton National Bank Limited
- Annual Report 2005 of Hatton National Bank Limited
- Annual Report 2006 of Hatton National Bank Limited
- Annual Report 2007 of Hatton National Bank Limited
- Annual Report 2008 of Hatton National Bank Limited
- Annual Report 2009 of Hatton National Bank Limited
- Annual Report 2010 of Hatton National Bank Limited
- Annual Report 2011 of Hatton National Bank Limited
- Annual Report 2012 of Hatton National Bank Limited
- Annual Report 2013 of Hatton National Bank Limited
- Annual Report 2014 of Hatton National Bank Limited
- Annual Report 2015 of Hatton National Bank Limited
- Annual Report 2016 of Hatton National Bank Limited
- Annual Report 2017 of Hatton National Bank Limited
