It is a broadly described annual report of The City Bank Limited in the year of 2012. Bank’s total deposit rose to Tk. 10.2 billion in 2012 which was 12% higher than the preceding years. Loans and advances registered a growth of 8% by reaching Tk. 6.5 billion in the year under review. Foreign Trade (import & export) was Tk. 72.2 billion in 2012 against Tk. 65.5 billion in 2011, portraying a growth of 10%. The Authorized Capital of the Bank was Tk. 10.00 billion while its Paid-up Capital was Tk. 6.3 billion as on December 31st, 2012. The bank posted a PBT of Tk 1762 M in 2012 compared to the PBT of 3,468 M in 2011. After keeping such a significant amount of provision for loans, another provision of BDT 1,000 M had to be kept for tax charge, hence, profit after tax (PAT) was only BDT 762 M in 2012, which was BDT 1,256 M lower than 2011’s (2011 PAT: BDT 2,018 M). Earning per shares in 2012 stood at BDT 1.21 compared to 3.19 of 2011. In regard to loans & advances, NPL rose from 3.44% in 2011 to 7.48% in 2012.
The Bank’s shareholders’ equity stood at BDT 17,961 million as at December 31st, 2012, mainly due to the initiatives were taken, such as prudent dividend policy, tax planning and controlled capital and revenue expenditure over the years. Distribution of the stock dividend of 10% in respect of financial year ended 31st December 2012. 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.
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