It is a broadly described annual report of National Bank Limited in the year of 2016. Being regular taxpayer, the Bank made a direct contribution of Taka. 2,367.64 million in advance to Government Exchequer in 2016. The Bank’s deposit volume increased by Tk. 19,216.97 million or 8.65 %, reaching Tk. 241,329.88 million as of 31st December 2016. Total assets of the Bank grew up by 8.54% to Tk. 305,616.76 million as at December 31st, 2016 as against Tk. 281,569.21 million on December 31st, 2015. NBL generated operating profit of Tk. 10,753.13 million in 2016 which was Tk. 8,260.14 million in 2015. Net Profit after tax registered a growth of 44.47% and stood at Tk. 5,567.87 million in 2015 after making provision for loan loss and taxation, which was Tk. 3,854.03 million in 2015. Total operating income of the bank registered growth of 5.21% and stood at Tk. 31,191.88 million in 2016 which was Tk. 29,648.35 million in 2015.
The Board of Directors of National Bank Limited has been pleased to recommend @20.00 % Stock Dividend to the shareholders based on the accounts for the year ended 31st December 2016 to be approved by the honorable shareholders in this Annual General Meeting. 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 National Bank Limited: