It is a broadly described annual report of Bangladesh Finance and Investment Company Limited in the year of 2016. During the year 2016 BD finance deposited Taka. 28,66,03,070 to the Government Exchequer. The Net Interest Income decreased to Tk. 422.53 million in 2016 from Tk. 469.13 million in 2015 registering a decline of 9.93% over the previous year. This happened due to the downward pressure of interest rate of lending where we could not decrease the interest rate on deposit to that extent because of the depositors’ expectation and market competition. The operating income stood at Tk. 548.66 million in 2016 from Tk. 473.55 million in 2015. The net profit after tax decreased to Tk.140.12 million in 2016 from Tk. 161.82 million in 2015 registering a negative growth of 13.41% over the previous year.
The Board of Directors proposed @10% stock dividend i.e. 10 (Ten) bonus shares for every 100 (One Hundred) shares held for total 125,867,475 Ordinary Shares of Tk. 10/- each for the year ended 31st December 2016. 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 Bangladesh Finance and Investment Company Limited:
- Annual Report 2010 of Bangladesh Finance and Investment Company Limited
- Annual Report 2011 of Bangladesh Finance and Investment Company Limited
- Annual Report 2012 of Bangladesh Finance and Investment Company Limited
- Annual Report 2013 of Bangladesh Finance and Investment Company Limited
- Annual Report 2014 of Bangladesh Finance and Investment Company Limited
- Annual Report 2015 of Bangladesh Finance and Investment Company Limited
- Annual Report 2016 of Bangladesh Finance and Investment Company Limited
