It is a broadly described annual report of National Bank Limited in the year of 2015. Being a regular Taxpayer the Bank made a direct contribution of Taka. 2,337.38 million in advance to Government Exchequer in 2015 on last year’s assessment. Bank’s deposits, loans & advances, and total assets registered a growth of 9.26%, 7.64% & 9.76% respectively compared to previous year. The Bank made an operating profit of Tk. 8,260.14 million in 2015, while it was Tk. 6,722.39 million in 2014. Net Profit after tax registered a growth of 44.87% and stood at Tk. 3,854.03 million in 2015 after making provision for loan loss and taxation, which was Tk. 2,660.29 million in 2014. EPS and NAV per share for the year 2015 were Tk. 2.24 and Tk. 19.54 respectively, whereas in the previous year these indicators were Tk. 1.55 & Tk. 17.27 Besides, Return on Equity (ROE) was 12.74% in 2015 against 10.45% of the year 2014.
The Board of Directors of National Bank Limited has been pleased to recommend @15% Stock Dividend to the shareholders based on the accounts for the year ended 31st December 2015 to be approved by the honorable shareholders in this 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 National Bank Limited: