It is a broadly described annual report of Brac Bank Limited in the year of 2012. BRAC Bank’s net profit after tax in 2012 was BDT 540 million – a decrease of 68% over previous year. Return on Equity (ROE) was 5.47% and Earnings Per Share was BDT 1.32. Interest income of the bank has increased by 22.8% in 2012 and is consistent with the increase of loans and advances growth by 14.1%. Net interest income in 2012 was BDT 6,518 million, which increased by 19.7% from 2011, mainly due to product re-pricing and average portfolio growth. Operating expenses have increased by 11.3% in 2012. Total assets of the bank rose to BDT 173,677 million in 2012 from BDT 133,201 million in 2011 registering a growth of 30.4%. Earnings per Share stood at BDT 1.32 as on December 31st, 2012 compared to BDT 4.29 in 2011.
The Board of Directors declared Bonus Share of 15% dividend for the year ended 31st December 2012, subject to the approval of the 14th 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
