It is a broadly described annual report of Jamuna Bank Limited in the year of 2016. During the financial year, The Bank’s operating profit of Tk. 417.95 Crore, Total Deposit of Tk. 14,155.10 Crore, Total Loans and Advances Tk. 11,709.96 Crore, which represents growth of 15.17%, 19.10%, 34.21% respectively. Bank’s regulatory capital stood at Tk.1580.92 Crore as on 31st December 2016 (up by Tk. 121.22 Crore from the position as on 31st December 2015). Jamuna Bank recorded operating income of Tk. 8,115.81 million in 2016 (solo) with a growth of 16.34% against previous year. Profit after Tax (PAT) stood at Tk. 1,876.36 million. Profit available for distribution comprising of last years retain earnings and net profit for the year 2016, among shareholders is Tk. 1,292.24 million after a mandatory transfer of statutory reserve of Tk. 594.92 million (@ 20% on PBT).
The Board of Directors in its 306th meeting held on 27th April 2017 has recommended cash dividend @20.50% subject to the approval of the shareholders at the next 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 Jamuna Bank Limited: