Directors Report 2008 of Dutch-Bangla Bank Limited

It is a broadly described directors report of Dutch-Bangla Bank Limited in the year of 2008. During the year 2008, the net profit before taxes of the Bank increased significantly by Taka 753.8 million or 73.7% to Taka 1,776.1 million from the previous year’s amount of Taka 1,022.2 million. However, Taka 40.7 million has been charged as deferred tax expenses in 2008 compared to Taka 214.0 million as deferred tax income for the year 2007. The effective tax rate increased to 53.7% as compared to 53.1% in 2007 against a nominal rate of 45%. Net profit after taxation grew by Taka 341.8 million to Taka 821.7 million from Taka 479.8 million of the preceding year marking a growth of 71.2%. Total assets of DBBL as at 31 December 2008 stood at Taka 60,682.1 million compared to Taka 49,371.3 million of 2007 depicting a growth of Taka 11,310.7 million (22.9%).

Appropriations recommended by the Board of Directors Transfer to statutory reserved fund Tk. 355.21. The board of directors recommended cash dividend (bonus share @50% i.e. 1 share for existing 2 shares of Taka 100 each), Taka. 500.00. 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