It is a broadly described annual report of Uttara Bank Limited in the year of 2014. As of 31st December 2014 total asset of the Bank stood at Taka. 140,810.3 million with an increase of 6.36 percent as against 2013. The Bank invested total Taka. 42,787.9 million in 2014 as compared to Taka. 45,749.5 million of the previous year. The operating profit of the Bank during the year 2014 was Tk. 3,812.8 million as against Tk. 3,135.4 million in 2013. The Bank was able to earn gross income of II. 15,181.1 million during the year 2014 whereas the gross expenses were Tk. 11,368.3 million. Net profit of the Bank before tax stood at Tk. 2,902.8 million as against Tk. 2,680.4 million of the previous year. Net profit of the Bank after tax stood at Tk. 1,389.4 million in 2014 as against Tk. 1,310.4 million of the previous year, thus records a growth of 6.03 percent. The Authorized Capital of the Bank was Tk. 6,000.0 million as of 31.12 2014. The paid-up capital of the Bank has been increased to Tk. 4,000.8 million from Tk. 3,637.1 million due to the declaration of 10.00 percent bonus share for the year 2013. The total equity of shareholders of the Bank at the end of the year 2014 stood at Tk. 12,179.9 million and in 2013 at Tk. 10,679.4 million.
The Board of Directors recommended @20% cash dividend for the year 2014 subject to the approval of the shareholders in the 32nd 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.
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