Annual Report (Financial Statements) 2008 of Askari Commercial Bank Limited

It is a broadly described annual report (Financial Statements) of Askari Commercial Bank Limited in the year of 2008. During the financial year, The Bank’s Total assets stood at Rs. 206,191,138 million (2007: Rs. 182,171,885 million). The Deposits of the Bank was Rs. 167,676,572 million (2007: Rs. 143,036,707 million). The share capital of the Bank was Rs. 4,058,774 million. During the year profit before taxation was Rs. 461,382 million. Profit after taxation for the year Rs. 386,225 million. Earnings per share (EPS) decreased from Rs. 6.61 per share to Rs. 0.95 per share – restated for bonus shares issued during 2008.

The Board of Directors of the Bank has proposed @25% bonus shares for the year ended 31^st December 2008.

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