It is a broadly described annual report of Southeast Bank Limited in the year of 2016. In 2016, The Authorized Capital of the Bank was BDT 15,000 million. Its Paid-Up-Capital and Reserve reached BDT 34,056.28 million as on 31st December 2016. The total asset base of the bank amounted to BDT 291,798.01 million recording an impressive growth of 11.92 percent; while loans and advances increased by 13.61 percent and stood at BDT 191,865.59 million. Operating profit of the bank grew by BDT 468.95 million and reached BDT 8,503.22 million which shows 5.84 percent growth over that of last year. In 2016, the Bank earned an after-tax profit of BDT 2,435.07 million. Earnings per share and Book Value per share were at BDT 2.66 and BDT 10.00 respectively. Return on Equity was at 9.06 percent at the end of 2016.
The Board of Directors in its 511th meeting held on 08th April 2017 recommended @20% Cash Dividend for distribution amongst the shareholders for the year-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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