Annual Report 2012 of Askari Commercial Bank Limited

It is a broadly described annual report of Askari Commercial Bank Limited in the year of 2012. During the financial year, The Bank’s Total assets stood at Rs. 353,055,627 million (2011: Rs. 343,756,306 million). The Deposits of the Bank was Rs. 306,937,216 million (2011: Rs. 291,502,993 million). The Share capital of the Bank was Rs. 8,130,711 million. The Bank’s profit after tax stood at Rs. 1,255 million for the year ended 31^st December 2012, compared to Rs. 1,628 million for year 2011, a decline of 22.9%, while profit before tax decreased to Rs. 1,730 million from Rs. 2,413 million, a drop of 28.3%. The EPS of the Bank for the year 2012 was recorded at Rs. 1.54 against Rs. 2.00 of the corresponding period, last year, reflecting a decrease of 22.9%.

The Board of Directors of the Bank has proposed @10% bonus shares for the year ended 31^st December 2012.

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