Annual Report 2007-2008 of Andhra Bank

It is a broadly described annual report of Andhra Bank in the year of 2007-2008. During the financial year, The Bank’s Total business increased by 20.5% to Rs. 83,993 Crore as on 31^st March 2008 from Rs. 69,687 Crore as on 31^st March 2007. Total Deposit increased by 19.3% to Rs. 49,437 Crore from Rs. 41,454 Crore. The Bank’s Operating Profit increased by 13.5% to Rs. 1,057 Crore for the financial year ended 31^st March 2008 from Rs. 931 Crore in the previous financial year. Net Profit also improved by 7% to Rs. 576 Crore from Rs. 538 Crore. Total Income increased by 29.5%to Rs. 4,871 Crore from Rs. 3762 Crore, of which non-interest income increased by 30.1% to Rs. 581 Crore from Rs. 447 Crore.

The Board of Directors of the Bank has recommended a final dividend of @ 20% for the financial year 2007-08.

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