Annual Report 2011 of National Credit and Commerce (NCC) Bank Limited

It is a broadly described annual report of National Credit and Commerce (NCC) Bank Limited in the year of 2011. In 2011, Total Assets of the bank stood Taka. 103,683,731,860. Paid up capital Taka. 5,941,654,350. During the financial year, The Bank’s Net interest income Tk. 1,661,817,872. Total operating income Tk. 5,915,529,141. Profit before tax Tk. 3,630,147,041. Net Profit after tax for the year Tk. 2,198,956,315. Earnings per Share Tk. 3.70.

The Board of Directors in its 241st meeting held on 26.02.2012 recommended payment cash and @17% (Seventeen) Stock Dividend for the year 2011. 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.