Annual Report 2002 of Mashreq Bank

It is a broadly described annual report of Mashreq Bank in the year of 2002. During the financial year, Total Assets of the Bank increased by 4% reaching AED 23.7 Billion. Total Assets ratio improved from 12.4% to 13.4%. The share capital of the Bank stood at AED 715,864 Billion. The Gross Income of the Bank improved by 8.4% to reach AED 1.236 Billion. Income before taxes and minority interest of the Bank AED 533,822 Billion. The Banks Net income for the year AED 504,898 Billion. Return on Average Assets improved from 1.81% to 2.18% and Return on Average Equity from 15.1% to 16.9%. Earnings per share improved significantly from AED 56.6 to AED 70.5. The authorized share capital of the Bank is AED 1,500 million divided into 15,000,000 ordinary shares of AED 100 each. As of 31st December 2002, 7,158,638 ordinary shares of AED 100 each (2001: 7,158,638 ordinary shares of AED 100 each) were issued and fully paid.

The Board of Directors of the Bank has recommended a cash dividend of @30%, same as last year.

More Annual Report of Mashreq Bank:

  1. Annual Report 2001 of Mashreq Bank
  2. Annual Report 2002 of Mashreq Bank
  3. Annual Report 2003 of Mashreq Bank
  4. Annual Report 2004 of Mashreq Bank
  5. Annual Report 2005 of Mashreq Bank
  6. Annual Report 2006 of Mashreq Bank
  7. Annual Report 2007 of Mashreq Bank
  8. Annual Report 2008 of Mashreq Bank
  9. Annual Report 2009 of Mashreq Bank
  10. Annual Report 2010 of Mashreq Bank
  11. Annual Report 2011 of Mashreq Bank
  12. Annual Report 2012 of Mashreq Bank
  13. Annual Report 2013 of Mashreq Bank
  14. Annual Report 2014 of Mashreq Bank
  15. Annual Report 2015 of Mashreq Bank
  16. Annual Report 2016 of Mashreq Bank
  17. Annual Report 2017 of Mashreq Bank