It is a broadly described annual report of Hatton National Bank Limited in the year of 2013. During the financial year, Total Assets of the Bank stood at Rs. 510,310,436 billion against at Rs. 446,358,419 billion. Despite the drop in margins the Bank managed to post a 10.8% growth in net interest income to achieve Rs. 24.3 billion. The total operating income of the Bank stood at Rs. 28.6 billion for 2013, which is a growth of 9.4% over 2012. The Bank’s profit before VAT and tax grew by 4.9% to Rs. 11.7 billion while the Group managed a 5.9% growth in the same line. The net profit after tax for the Bank recorded a decline of 7.0% to stand at Rs. 7 billion mainly as a result of higher provisions and tax expenses. The ROA for 2013 stood at 1.5% while the ROE was at 14.3%.
The Board of Directors of the Bank has proposed a final cash dividend of Rs. 7.00 per share in addition to the interim dividend of Rs. 1.50 per share declared in December 2013 resulting in a total cash dividend of Rs 8.50 per share for the year amounting to a gross dividend payment of approximately Rs. 3.40 billion.
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