Annual Report 2017 of Askari Commercial Bank Limited

It is a broadly described annual report of Askari Commercial Bank Limited in the year of 2017. During the financial year, The Bank’s Total assets stood at Rs. 656,708,369 million (2016: Rs. 619,139,193 million). The Deposits of the Bank was Rs. 525,808,308 million (2016: Rs. 472,811,335 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. 8,491,802 million. The profit after taxation is reported at Rs. 5.3 billion for 2017, a 1% rise over Rs. 5.2 billion from last year. Earnings per share for 2017 are at Rs. 4.18 compared to Rs. 4.14 for 2016.

The Board of Directors of the Bank has recommended a final cash dividend of @10% i.e., Rs. 1.00/- per share for the year ended 31^st December 2017.

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