Annual Report (Financial Statements) 2005 of Askari Commercial Bank Limited

It is a broadly described annual report (Financial Statements) of Askari Commercial Bank Limited in the year of 2005. During the financial year, The Bank’s Total assets stood at Rs. 145,099,907 million (2004: Rs. 107,167,540 million). The Deposits of the Bank was Rs. 118,794,690 million (2004: Rs. 83,318,795 million). The share capital of the Bank was Rs. 1,507,018 million. During the year profit before taxation was Rs. 2,859,081 million. Profit after taxation for the year Rs. 2,021,996 million. Earnings per share increased by 43.4% to Rs. 13.42 as compared to last years’ Rs. 9.4.

The Board of Directors of the Bank has approved payment of cash dividend to the shareholders at the rate of Rs. 1.50 per share of Rs. 10/- each for the year ended 31^st December 2005.

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