Annual Report 2016 of Askari Commercial Bank Limited

It is a broadly described annual report of Askari Commercial Bank Limited in the year of 2016. During the financial year, The Bank’s Total assets stood at Rs. 619,139,193 million (2015: Rs. 535,866,714 million). The Deposits of the Bank was Rs. 472,811,335 million (2015: Rs. 433,172,205 million). The share capital of the Bank was Rs. 12,602,602 million. During the year, the Bank posted a profit before taxation amounted to Rs. 8,477 million, almost unchanged from last year. Profit after tax for the year 2016 amounted to Rs. 5.22 billion, registering an increase of 3.5% over Rs. 5.04 billion in 2015. The EPS of the Bank for the year 2016 was recorded at Rs. 4.14 against Rs. 4.00 for last year.

The Board of Directors of the Bank has recommended a final cash dividend of @15% i.e. Rs. 1.50/- per share for the year ended 31^st December 2016.

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