It is a broadly described annual report of The City Bank Limited in the year of 2014. Bank’s regulatory capital as on 31st December 2014 stood at BDT 23.4 billion, out of which more than 7 billion was generated in 2014. The deposits grew by BDT 11.3 billion in 2014 – from BDT 107.1 billion to BDT 118.4 billion. During the financial year, The Bank’s Operating Profit increased by 23.87%, the Profit after Tax increased by 143% from BDT 911.2 million to BDT 2,215 million. The market price of shares of The City Bank Limited in Dhaka Stock Exchange was BDT 21.80 on the close of the business of the 31st December 2014. The Bank’s market capitalization at 31st December 2014 was BDT.18,183 million which is 0.67% of the total market capitalization of DSE.
Considering the performance of the bank over the past year, the Board of Directors has recommended @15% cash and @5% stock dividend for the year 2014. 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 City Bank Limited
