Annual Report (Financial Statements) 2007 of Askari Commercial Bank Limited

It is a broadly described annual report (Financial Statements) of Askari Commercial Bank Limited in the year of 2007. During the financial year, The Bank’s Total assets stood at Rs. 182,171,885 million (2006: Rs. 166,033,588 million). The Deposits of the Bank was Rs. 143,036,707 million (2006: Rs. 131,839,283 million). The share capital of the Bank was Rs. 3,006,499 million. During the year profit before taxation was Rs. 2,299,785 million. Profit after taxation for the year Rs. 2,681,012 million. The earnings per share increased by 19.25% from Rs. 7.48 per share as of last year to Rs. 8.92 per share as at 31^st December 2007.

The Board of Directors of the Bank has approved payment of cash dividend @15%, that is, Rs. 1.5 per ordinary share of Rs. 10/- each for the year ended 31^st December 2007.

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