It is a broadly described annual report of Standard Bank Limited in the year of 2015. As on 31st December 2015 total asset of the Bank stood at Taka. 132,370 million with a positive growth of 10% (ten percent) in comparison with the corresponding previous year of 2014. Cash in hand stood at Tk. 830 million in 2015 as against Tk. 873 million of the previous year i.e. 5% decreases that indicates the optimum utilization of idle fund in comparison to with the previous year. The Bank’s deposit stood at Tk. 1,06,932 million as on 31st December 2015 compared to Tk. 97,302 million in 2014, thus recording 10% percent positive growth. The total equity of shareholders of the Bank at the end of the year 2015 stood at Tk. 11,474 million and in 2014 was at Tk. 9,886 million. Net profit of the Bank before tax stood at Tk. 2,629 million as against Tk. 2,122 million of the previous year. Net profit of the Bank after tax stood at Tk. 1596 million in 2015 as against Tk. 1,213 million of the previous year, thus records an amazing growth of approximately 32%.
The Board of Directors recommended @15% stock dividend subject to the approval of the Honorable Shareholders’ for the year ended 31st December 2015. 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 Standard Bank Limited:
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