It is a broadly described annual report of National Credit and Commerce Bank Limited in the year of 2014. The Authorized Capital of the Bank stood at Taka. 10,000 million as on 31st December 2014 and Paid-up Capital were Taka. 8,029.25 million on 31st December 2014. Deposits of the Bank stood at Tk. 105,703.61 million recording 7.61% increase over the figure of the proceeding year which was Tk. 98,229.41 million. Loans and Advances and Profit of the Bank at the end of the year stood at Tk. 90,920.77 & Tk. 3,746.00 million respectively. As on 31st December 2014 Bank’s Operational Profit was Tk. 3,746.00 million as against Tk. 3,698.81 million of the previous year. Return on Assets was (ROA) 1.16 %.
The Board of Directors of the Bank has been pleased to recommend @10% stock dividend (i.e. bonus share) for the Shareholders for the year 2014 for approval in the ensuing 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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