Annual Report (Financial Statements) 2004 of Askari Commercial Bank Limited

It is a broadly described annual report (Financial Statements) of Askari Commercial Bank Limited in the year of 2004. During the financial year, The Bank’s Total assets stood at Rs. 107,167,541 million (2003: Rs. 85,386,902 million). The Deposits of the Bank was Rs. 83,318,795 million (2003: Rs. 61,656,607 million). The share capital of the Bank was Rs. 1,255,848 million. During the year profit before taxation was Rs. 2,842,740 million. Profit after taxation for the year Rs. 1,923,040 million. Earnings per share increased by 58% from Rs. 9.66 in 2003 to Rs. 15.31 in 2004.

The Board of Directors of the Bank has approved payment of cash dividend to the shareholders at the rate of Rs. 2.00 per share of Rs. 10/- each for the year ended 31^st December 2004.

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