Annual Report 2006 of Mashreq Bank

It is a broadly described annual report of Mashreq Bank in the year of 2006. During the financial year, Total Assets of the Bank increased by 22% in 2006 to reach AED 56.7 Billion. Deposits increased from AED 30 Billion in 2005 to AED 34.6 Billion in 2006 and medium-term borrowing went up by 48%. Shareholder’s equity improved marginally from AED 7.3 Billion to AED 7.4 Billion in 2006. The Operating Income at AED 2.827 Billion is lower by 9% as compared to 2005. Income before taxes of the Bank AED 1,649,364 Billion. The Net Profit after tax and risk cost at AED 1.571 Billion is 10% lower than last year’s record number of AED 1.739 Billion. As of 31st December 2006, 86,619,520 ordinary shares of AED 10/- each (2005: 86,619,520 ordinary shares of AED 10/- each) were issued and are fully paid up.

The Board of Directors of the Bank has recommended a stock dividend of @30% to further strengthen the equity of the bank for the year ended 31st December 2006.

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