It is a broadly described annual report of Uttara Bank Limited in the year of 2013. As of 31st December 2013 total asset of the Bank stood at Taka. 132,385.5 million with an increase of 6.94 percent as against 2012. The operating profit of the Bank during the year 2013 was Tk. 3.135.4 million as against Tk. 3261.4 million in 2012. The Bank was able to earn gross income of Tk. 15,245.1 million during the year 2013 whereas the gross expenses were Tk. 12,109.7 million. Net profit of the Rank before tax stood at Tk. 2,680.4 million as against Tk. 2,536.4 million of the previous year. Net profit of the Bank after tax stood at Tk. 1,310,4 million in 2013 as against Tk. 1,236.4 million of the previous year. The Authorized Capital of the Bank was Tk. 6,000.0 million as on 31st December 2013. The paid-up capital of the Bank has been increased to Tk. 3,637.0 million from Tk. 3,306.4 million due to the declaration of 10.00 percent bonus share for the year 2012. The total equity of shareholders 01 the Bank at the end of the year 2013 stood at Tk. 10,679.4 million and in 2012 at Tk. 9,796.9 million.
The Board of Directors recommended @10% stock dividend and @15% cash dividend for the year 2013 subject to the approval of the shareholders in the 31st 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.
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