It is a broadly described annual report of Dhaka Bank Limited in the year of 2011. During the financial year, Dhaka Bank’s operating profit was up by 13% to Tk. 4,321 million as of December 31st, 2011. DBL’s total assets on December 31st, 2011 were Tk. 104.73 billion up by Tk. 14.59 billion demonstrating a 16% percent rise over 2010. DBL earned the net profit after tax of Tk. 2,166.00 million recording a growth of Tk. 29.00 million during 2011. Earnings per share (EPS) increased to Tk. 6.03 as at December 31st, 2011 from Tk. 4.68 of the previous year. Foreign Trade portfolio grew by more than 10% during the year. The balance sheet of the Bank went up to Tk.105 billion equivalent to us dollar 1.25 billion approximately.
The Board of Directors of DBL to recommend @30% Stock Dividend and @5% Cash Dividend for the year that ended on December 31st, 2011subject for approval in the 17th 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.
More Annual Report of Dhaka Bank Limited: