It is a broadly described annual report of Prime Bank Limited in the year of 2011. PBL’s total asset increased by Taka. 45.61 billion and stood at Taka. 199.95 billion as at end of December 2011 indicating a growth of 29.55 percent. The deposits balance of PBL reached the level of Tk. 159.82 billion during 2011 from Tk. 124.57 billion of previous years. Operating income increased by 18.89 percent to Tk. 11.65 billion in 2011 compared to Tk. 9.80 billion in 2010. After making above provisions, net profit before tax of PBL stood at Tk. 6,794 million registering a growth of 20.54 percent. Provision against current year income tax of PBL was Tk. 2,907 million compared to Tk. 2,285 million of the preceding year. Deferred tax decreased to Tk. 225 million from Tk. 250 million of the previous year. Net profit after tax stood at Tk. 3,662 million registering a growth of 18.08 percent during 2011.Earnings per share are Tk. 4.70 in 2011 compared to Tk. 3.98 in 2010. The share market value of bank’s shares stood at Taka. 34,702 million whereas the book value of the shares stood at Taka. 19,139 million, resulting from a Market Value Addition of Taka. 15,563 million as of 31st December 2011.
The Board of Directors recommended a stock dividend of 20 percent and a cash dividend of 10 percent for 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 Prime Bank Limited:
- Annual Report 2003 of Prime Bank Limited
- Annual Report 2004 of Prime Bank Limited
- Annual Report 2005 of Prime Bank Limited
- Annual Report 2007 of Prime Bank Limited
- Annual Report 2008 of Prime Bank Limited
- Annual Report 2009 of Prime Bank Limited
- Annual Report 2010 of Prime Bank Limited
- Annual Report 2011 of Prime Bank Limited
- Annual Report 2014 of Prime Bank Limited
- Annual Report 2015 of Prime Bank Limited
- Annual Report 2016 of Prime Bank Limited
