It is a broadly described directors report of Dutch-Bangla Bank Limited in the year of 2006. The Bank earned a net profit after tax of Taka. 362.18 million in 2006 compared to Taka. 367.82 million in 2005. Profit after tax grew modestly for making higher specific provision to clean up the balance sheet and to improve the asset quality. Return on equity was 24.07% in 2006 compared to 31.01% in 2005. The deposit grew by Taka. 12,870.43 million (47.25 %) in 2006 from Taka. 27,241.11 million to Taka. 40,111.54 million. Deposit mix remained almost same; as a result, cost-free or low-cost deposits remained 27.80% of total deposit at the end of 2006. Loans and advances stood at Taka. 28,325.34 million at the end of 2006, a 39.19% growth from 2005. The Bank’s investment increased by 70.85% in 2006 from Taka. 3,439.60 million in 2005 to Taka. 5,876.52 million in 2006.
The Board of Directors has recommended a dividend of Taka. 25.00 Per share of Taka. 100.00 Each for 2006 (Taka 25 per share for 2005) after retaining Taka. 147.40 million as a statutory reserve and Taka 10.11 million as dividend equalization account. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is both functional currency and presentation currency of the Company.
More Directors Report of Dutch-Bangla Bank Limited:
- Directors Report 2004 of Dutch-Bangla Bank Limited
- Directors Report 2005 of Dutch-Bangla Bank Limited
- Directors Report 2006 of Dutch-Bangla Bank Limited
- Directors Report 2007 of Dutch-Bangla Bank Limited
- Directors Report 2008 of Dutch-Bangla Bank Limited
- Directors Report 2009 of Dutch-Bangla Bank Limited
- Directors Report 2010 of Dutch-Bangla Bank Limited
- Directors Report 2011 of Dutch-Bangla Bank Limited
