It is a broadly described annual report of AB Bank Limited in the year of 2013. At the end of 2013, Bank’s total capital reached BDT 1,877.23 Crore as against BDT 1,718.14 Crore on 31st December 2012. Total Asset at the end of the year 2013 reached BDT 20,801 Crore with a Total Capital base of BDT 1,877 Crore. Other Assets of the Bank stood at BDT 1,544 Crore a growth of 1 percent during the year. Bank’s investments, during the year 2013, were made mostly in government securities which stood at BDT 2,233 Crore in 2013 as against BDT 1,974 Crore in 2012. Total liabilities in 2013 increased by 21 percent to BDT 19,107 Crore from BDT 15,781 Crore in 2012. AB’s total Deposit stood at BDT 16,185 Crore at the end of the year 2013. Profit after Tax reached BDT 101 Crore at the end of the year which was BDT 144 Crore in 2012. Earnings per Share stood at BDT 2.03 in 2013 compared to BDT 2.89 last year. Shareholders Equity stood at BDT 1,694 Crore at the end of 2013 showing a growth of 6 percent over last year.
The Board of Director of the Bank has recommended Cash Dividend at @5% and Stock Dividend at @7% for the year ended 31st December 2013. 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.
More Annual Report of AB Bank Limited: