It is a broadly described annual report of The Premier Bank Limited in the year of 2015. In 2015, Premier Bank ended the year with operating income of Tk. 1,971.60 million, the deposit of Tk. 108,875.13 million advances of Tk. 91,318.51 million and capital of Tk. 8,996.92 million. Total Assets of the Bank stood at Tk. 131437.94 million in 2015 as against Tk. 111576.41 million of the previous year. Deposit of the Bank rose to Tk. 108875.13 million indicating a growth rate of 17.43%, Loans and Advances grew by 30.34% during the year 2015. The Bank generated Operating Income of Tk. 1971.60 million in 2015 recording a growth of 8.45 percent over 2014 in the core banking business. At the end of 2015, the Bank earned the profit after taxation of Tk. 961.56 million against Tk. 872.36 million in 2014. At the end of the year, Bank’s NAV, NOCF and Earning per shares were Tk. 16.52, Tk. 1.62 and Tk. 1.55 respectively.
The Board of Directors of the Bank has recommended dividend @10% in the form of Bonus Shares to the Shareholders for the year ended on 31st December 2015 subject to the approval of Shareholders in the 17th Annual General Meeting (AGM) of the Bank. 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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