It is a broadly described annual report of One Bank Limited in the year of 2011. During 2011, despite economic turmoil, The Bank has expanded its business significantly: deposits increased from Tk. 50,733.71 million to Tk. 57,240.15 million with a growth rate of 12.82%, loans and advances grew from Tk. 42,190.40 million to Tk. 47,814.08 million i.e. 13.33% growth and operating income increased from Tk. 4,467.76 million to 4,610.85 million. The Net Interest Income increased by 5.17% at Tk. 1,958.67 million during 2011 as against Tk.1,862.46 million during 2010. However, the Bank earned an operating profit of Tk. 2,847.04 million which has registered a decline of 5.74% from Tk. 3,020.40 million earned in 2010. After providing for provision and taxes, the Net Profit of the Bank for the year 2011 was Tk. 1,448.56 million, compared to Tk. 1887.45 million in the previous year due to the reasons already cited under operating profit.
The Board of Directors of One Bank Limited has recommended @30% Stock Dividend for the year 2011. 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 One Bank Limited: