Annual Report 2005 of IGI Investment Bank Limited

It is a broadly described annual report (director’s report) of IGI Investment Bank Limited in the year of 2005. During the financial year, The Bank’s Total assets grew by 27.25% from last year’s Rs. 3,433.0 million to Rs. 4,368.5 million this year. Deposits of the Bank increased from Rs. 945.4 million to Rs. 1,486.7 million demonstrating a growth rate of 57.26%. During the year, the Bank registered a pre-tax profit of Rs. 80.9 million for the year under review compared to last year’s pretax profit of Rs. 48.0 million. After-tax profit increased to Rs. 74.7 million showing a growth of 77.87% from the previous year. Earnings per share (EPS) have grown by 60.36% to Rs. 1.78 per share as against Rs. 1.11 for the previous year.

The Board of Directors of the Bank has recommended cash dividend of Rs. 1.40/- per share i.e. @14%, to be paid out of the general reserves of the company for the year ended 2005.

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