Annual Report (Financial Statements) 2006 of Askari Commercial Bank Limited

It is a broadly described annual report (Financial Statements) of Askari Commercial Bank Limited in the year of 2006. During the financial year, The Bank’s Total assets stood at Rs. 166,033,588 million (2005: Rs. 145,099,907 million). The Deposits of the Bank was Rs. 131,839,283 million (2005: Rs. 118,794,690 million). The share capital of the Bank was Rs. 2,004,333 million. During the year profit before taxation was Rs. 3,346,855 million. Profit after taxation for the year Rs. 2,249,974 million. The Bank’s operating profit was recorded at Rs. 4.47 billion compared to last year’s Rs. 3.46 billion, an increase of 29%.

The Board of Directors of the Bank has approved payment of cash dividend @10%, that is, Re. 1 per ordinary share of Rs. 10/- each for the year ended 31^st December 2006.

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