Directors Report 2007 of Dutch-Bangla Bank Limited

It is a broadly described directors report of Dutch-Bangla Bank Limited in the year of 2007. Revenue receipts in FY 2007 were Taka. 494.7 billion, 10.3% higher than revenue of Taka. 448.7 billion in FY 2006. Tax revenue was 79.3% of total revenue. The deposit of the Bank increased by 4.98% from Taka. 40,111.54 million in 2006 to Taka. 42,110.15 million in 2007, loans & advances remained close to 2006 level at Taka 28,369.58 million compared to Taka. 28,325.34 million in 2006, while import business increased by 11.23% and export business increased by 2.15%. However, operating profit increased by 33.15% from Taka. 1,080.47 million to Taka. 1,438.67 and net profit after tax increased from Taka. 362.18 million to Taka. 479.81 million showing an impressive growth of 32.48%. During the year under review, import business of DBBL recorded growth of 11.23% while export trade grew by 2.15%. The Bank’s investment stood at Taka 5,909.32 million at the end of 2007 that was close to Taka. 5,876.52 million in 2006.

The Board of Directors has recommended bonus shares @ 3.94719 shares for 1 share of Tk. 100 each for 2007 (Cash Dividend of Tk. 25 per share for 2006) after retaining Tk. 204.45 million as the statutory reserve. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is both functional currency and presentation currency of the Company.

More Directors Report of Dutch-Bangla Bank Limited:

  1. Directors Report 2004 of Dutch-Bangla Bank Limited
  2. Directors Report 2005 of Dutch-Bangla Bank Limited
  3. Directors Report 2006 of Dutch-Bangla Bank Limited
  4. Directors Report 2007 of Dutch-Bangla Bank Limited
  5. Directors Report 2008 of Dutch-Bangla Bank Limited
  6. Directors Report 2009 of Dutch-Bangla Bank Limited
  7. Directors Report 2010 of Dutch-Bangla Bank Limited
  8. Directors Report 2011 of Dutch-Bangla Bank Limited