It is a broadly described annual report of Uttara Bank Limited in the year of 2016. As of 31st December 2016 total asset of the Bank stood at Taka. 162,417.7 million with an increase of 7.22 percent as against 2015. The Bank invested total Tk. 31,614.3 million in 2016 as compared to Tk. 41,336.6 million of the previous year. The operating profit of the Bank during the year 2016 was Tk. 2,502.8 million as against Tk. 3,976.7 million in 2015. The Bank was able to earn gross income of Tk. 14,724.3 million during the year 2016 whereas the gross expenses were Tk. 12,221.5 million. Net profit of the Bank before tax stood at Tk. 2,022.8 million as against Tk. 2,520.6 million of the previous year. Net profit of the Bank after tax stood at Tk. 1,530.7 million in 2016 as against Tk. 1,502.9 million of the previous year, thus records a growth of 1.85 percent. The Authorized Capital of the Bank was Tk. 6,000.0 million as of 31.12 2016. The paid-up capital of the Bank has stood at Tk. 4,000.8 million. The total equity of shareholders of the Bank at the end of the year 2016 stood at Tk. 13,350.8 million and in 2015 at Tk. 13,156.2 million.
The Board of Directors recommended @20% cash dividend for the year 2016 subject to the approval of the shareholders in the 34th Annual General Meeting. 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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