It is a broadly described annual report of The Premier Bank Limited in the year of 2013. In 2013, Premier Bank ended the year with operating profit of Taka. 1,523.29 million, a deposit of Taka. 74,469.91million, an advance of Taka. 52,697.14 million and capital funds of Taka. 8,565.44 million. Total Assets of the Bank stood at Tk. 89,912.80 million in 2013 as against Tk. 81,733.71 million of the previous year. The Bank generated Operating profit of Tk. 4,434.89 million in 2013 recording a growth of 13.82% over 2012 in the core banking business. The Bank registered a profit after taxation of Tk. 785.75 million during the year under consideration. Deposit of the Bank rose to Tk. 74,469.91 million. As at the end of the year, Bank’s NAV, NOCF and Earning per shares were Tk. 15.59, Tk. 2.26 and Tk. 1.53 respectively.
The Board of Directors of the Bank has recommended dividend @10% in the form of Bonus Shares to the Shareholders for the year ended on 31st December 2013 subject to the approval of Shareholders in the 15th Annual General Meeting (AGM) of the Bank. 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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