It is a broadly described annual report of Eastern Bank Limited in the year of 2016. During the calendar year 2016, the bank contributed BDT 2,939.50 million to national exchequer as tax, VAT and excise duty. The cost to Income ratio decreased to 43.99% in 2016 which was 47.41% in the previous year. Operating profit grew by 23.32%. Finally, Bank’s profit after tax (PAT) increased by BDT 435.57 million or 20% in 2016 compared to 2015. As on 31st December 2016, NPL ratio of the banking industry stood at 9.23% which was 8.79% one year back. The NPL ratio of EBL was 2.69% at the end of 2016 which was 3.27% at end of 2015.
The Board of Directors, therefore, recommended @25% dividend (20% cash and 5% stock) amounting BDT 1,757.14 million for the year 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 Eastern Bank Limited:
- Annual Report 2007 of Eastern Bank Limited
- Annual Report 2008 of Eastern Bank Limited
- Annual Report 2009 of Eastern Bank Limited
- Annual Report 2010 of Eastern Bank Limited
- Annual Report 2011 of Eastern Bank Limited
- Annual Report 2012 of Eastern Bank Limited
- Annual Report 2013 of Eastern Bank Limited
- Annual Report 2014 of Eastern Bank Limited
- Annual Report 2015 of Eastern Bank Limited
- Annual Report 2016 of Eastern Bank Limited
