It is a broadly described annual report (Directors Report) of South Bangla Agriculture and Commerce Bank Limited in the year of 2013. During the calendar year 2013, The Bank contributed Tk. 16.82 million as Tax, Tk. 21.08 million as advance tax & Tk. 10.19 million as VAT and excise duty to the national exchequer. In FY2013, The Bank’s consolidated assets stood at Tk. 8,673.89 million. Consolidated total liabilities (excluding equity) of the bank stood at Tk. 4,536.20 million in 2013. The deposits of SBAC Bank Limited stood at Tk. 4,441.95 million in its eight months of operations in 2013. The total operating income stood at Tk. 331.92 million. Net profit before tax of SBAC Bank Limited stood at Tk. 105.48 million in the first year (8 months) of its operation. Net profit after tax stood at Tk. 46.34 million. Average ROA and ROE stood at 0.53% and 1.92% respectively.
The Board of Directors of the Bank has does not recommend any dividend for the year 2013.
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