It is a broadly described annual report of Brac Bank Limited in the year of 2016. The bank has Advance Income Tax for the year 2016 has been paid BDT 1,302 million to Govt. Exchequer as per Income Tax Ordinance 1984. BRAC Bank Ltd. registered a 10.7% growth in their total assets from 2015. BRAC IT Services Limited (biTS) made a Net Profit of BDT 48 million against BDT 66 million loss in 2015. Earnings per Share (EPS) of the bank rose to BDT 6.28 in 2016 from BDT 3.43 in 2015. The Net Asset Value (NAV) increased to BDT 30.18 per share from BDT 26.53 in 2015.
The Board of Directors recommended a 10% cash dividend and 20% stock dividend to its ordinary shareholders. 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 Brac Bank Limited:
- Annual Report 2008 of Brac Bank Limited
- Annual Report 2009 of Brac Bank Limited
- Annual Report 2010 of Brac Bank Limited
- Annual Report 2011 of Brac Bank Limited
- Annual Report 2012 of Brac Bank Limited
- Annual Report 2013 of Brac Bank Limited
- Annual Report 2014 of Brac Bank Limited
- Annual Report 2015 of Brac Bank Limited
- Annual Report 2016 of Brac Bank Limited
