Annual Report 2014-2015 of Andhra Bank

It is a broadly described annual report of Andhra Bank in the year of 2014-2015. During the financial year, The Bank’s Total Business increased to Rs. 2,84,588 Crore as on 31^st March 2015, from Rs. 2,52,494 Crore as on 31^st March 2014 registering a growth rate of 12.7%. Total Deposits increased to Rs. 1,55,012 Crore from Rs. 1,41,845 Crore in the previous year, registering a growth rate of 9.3%. Total Income for the financial year 2014-15 increased by 14.3%, from Rs. 15,630 Crore during the financial year 2013- 14 to Rs. 17,868 Crore. Operating Profit of the Bank for 2014-15 increased to Rs. 3,298 Crore compared to Rs. 2,760 Crore in the previous year registering a growth rate of 19.5%. Net Profit increased to Rs. 638 Crore as compared to Rs. 436 Crore in the previous year, registering the growth rate of 46.6%.

The Board of Directors of the bank has recommended a dividend of Rs. 2.00 ps. per equity share (@20%) for the Financial Year 2014-2015.

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