It is a broadly described annual report of The Premier Bank Limited in the year of 2012. In 2012, Premier Bank ended the year with operating Profit of Taka. 823.48 Million, deposit of Taka. 67,129.51 Million, advance of Taka. 52,210.16 Million and capital of Taka. 7,662.50 Million. The Bank generated Operating Income of Taka. 10,703.31 million in 2012 recording a growth of 6.99 percent over 2011 in the core banking business. Other income for the year stood at Taka. 612.89 million compared to Taka. 806.77 million for 2011. The net profit of the Bank before tax for 2012 was Tk. 920.18 million. The return on equity recorded 8.44 percent in 2012. At the end of 2012, the Bank achieved profit after taxation of Tk. 603.41 million against Tk. 510.90 million in 2011. As at the end of the year, Bank’s NAV, NOCF and Earning per shares was Tk. 15.34, Tk. 2.15 and Tk. 1.30 respectively.
The Board of Directors of the Bank has recommended dividend @10% in the form of Bonus Shares to the Shareholders for the year ended on 31st December 2012 subject to the approval of Shareholders in the 14th Annual General Meeting (AGM) of the Bank. 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 The Premier Bank Limited: