It is a broadly described annual report of One Bank Limited in the year of 2010. As on 31st December 2010, Total Assets of the Bank (excluding contingent) was Taka. 58,704.87 million compared to Taka. 45,163.16 million in 2009. Cash and Balances with Bangladesh Bank were Tk. 4,740.17 million as against Tk. 3,738.02 million in 2009, representing an increase of 26.81%. The Net Interest Income registered a growth of 80.02% at Tk. 1,862.46 million during 2010 as against Tk. 1,034.60 million during 2009. The total operating income of Tk. 4,467.75 million for 2010 registered an increase of 69.95% over Tk. 2,628.88 million in 2009. The Bank has earned an operating profit of Tk. 3,020.39 million compared to Tk. 1,678.85 million in the year 2009, showing an increase of 79.91%. After providing for provision and taxes, the Net Profit of the Bank for the year 2010 was Tk. 1887.45 million, compared to Tk. 726.70 million in the previous year, showing a growth of 159.73% over that of last year.
The Board of Directors of ONE Bank Limited has recommended a handsome stock dividend of @55% for the financial year ending 31st December 2010. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
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