Annual Report 2004 of Mashreq Bank

It is a broadly described annual report of Mashreq Bank in the year of 2004. During the financial year, Total Assets of the Bank stood at AED 31,948,828 billion as against at AED 26,236,595 billion. Deposits of the Bank grew by 12.5% to AED 21.1 billion, attaining a ratio of 84.5%. The Bank’s Income before taxes and minority interest for the year 2004 AED 829,454 million. The Net Profit for the year has shown a handsome growth of 25% to reach AED 751 million in 2004. Earnings per share improved from AED 7.63 to AED 9.54. As compared to last year, Return on Average Assets and Average Equity went up from 2.4% to 2.6% and 16.3% to 17% respectively. As of 31st December 2004, 78,745,018 ordinary shares of AED 10/- each (2003: 71,586,380 ordinary shares of AED 10/- each) were issued and fully paid up.

The Board of Directors of the Bank has recommended retaining @63.3% of profit and has proposed a cash dividend of @35% against @25% last year. The Board also recommends a stock dividend of @10% (10% last year) in the form of bonus shares.

More Annual Report of Mashreq Bank:

  1. Annual Report 2001 of Mashreq Bank
  2. Annual Report 2002 of Mashreq Bank
  3. Annual Report 2003 of Mashreq Bank
  4. Annual Report 2004 of Mashreq Bank
  5. Annual Report 2005 of Mashreq Bank
  6. Annual Report 2006 of Mashreq Bank
  7. Annual Report 2007 of Mashreq Bank
  8. Annual Report 2008 of Mashreq Bank
  9. Annual Report 2009 of Mashreq Bank
  10. Annual Report 2010 of Mashreq Bank
  11. Annual Report 2011 of Mashreq Bank
  12. Annual Report 2012 of Mashreq Bank
  13. Annual Report 2013 of Mashreq Bank
  14. Annual Report 2014 of Mashreq Bank
  15. Annual Report 2015 of Mashreq Bank
  16. Annual Report 2016 of Mashreq Bank
  17. Annual Report 2017 of Mashreq Bank