It is a broadly described annual report of Pubali Bank Limited in the year of 2016. Authorized capital and paid-up capital at the bank stood at Taka. 2000 Crore and Taka. 880.37 Crore respectively in 2016. At the end of 2015, the Total deposit was Tk. 2,24,808.59 million that came to Tk. 2,47,278.50 million at the end of 2016 showing 10.00% increase. Out of the total deposits, Time Deposits Tk. 2,18,825.08 million and Demand Deposits were Tk. 28,453.43 million i.e. 88.49% and 11.51% respectively. Total operating income & total operating expenditure of the Bank during 2016 were Tk. 13,949.05 million and Tk. 7392.57 million respectively resulting in a profit of Tk. 6556.47 million before making provision for bad and doubtful debts and income tax.
The Board of Directors has recommended @5% Cash and @8% Stock Dividend for all shareholders of the bank out of profit on basis of audited accounts for the year 31st December 2016. 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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