Annual Report 2015 of Trust Bank Limited

It is a broadly described annual report of Trust Bank Limited in the year of 2015. In 2015, The Bank contributed Taka. 1,878.44 million to national exchequer as tax, vat, income tax and excise duty deducted at source from employees, clients, and suppliers in the reporting year. At the end of 2015, Bank’s regulatory capital stood at Taka. 13,922.32 million as against Taka. 13,419.26 million as at 31^st December 2014. Total deposits stood at Tk. 150,902 million in 2015 from Tk. 125,163 million in 2014, registering a growth of 20.56 percent. The Bank earned consolidated operating profit of Tk. 4,153 million which is 19.17 percent pick up from Tk. 3,485 million in 2014. The Bank earned total operating income of Tk. 7,529 million in 2015 compared to Tk. 5,978 million recording a growth of 25.95 percent over last year. After making above provision, Consolidated Net Profit before Tax of the Bank stood at Tk. 3,183.32 million in 2015 compared to Tk. 2,772.60 million in 2014 which refers 14.81% growth. Consolidated Net Profit after Tax stood at Tk. 1,540.52 million in the year 2015 from Tk. 1,298.07 million in the year 2014 and Earnings per Share was Tk. 3.29 in the year 2015 whereas it was TK. 2.77 in the year 2014. Earnings per share stood at Tk. 3.29 from Tk. 2.77 in 2014 and Tk. 0.76 in 2013.

The Board of Directors of the Bank recommended @8% stock dividend, i.e. 8 (eight) Bonus Shares for every 100 (One Hundred) Shares held and @7% cash Dividend considering the results achieved in the year 2015. 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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