It is a broadly described annual report of Standard Bank Limited in the year of 2016. As on 31st December 2016 total asset of the Bank stood at Taka. 152,789 million with a positive growth of 15% (Fifteen percent) in comparison with the corresponding previous year of 2015. The Authorized Capital of the Bank was Tk. 15,000 million as of 31.12 2016. The Bank’s deposit stood at Taka. 1,22,554 million as on 31st December 2016 compared to Taka. 1,06,932 million in 2015, thus recording 15% percent positive growth. The total equity of shareholders of the Bank at the end of the year 2016 stood at Tk. 12,573 million and in 2015 was at Tk. 11,474 million. The operating profit of the Bank during the year 2016 was Tk. 3,223 million as against Tk. 3,275 million in 2015. Net profit of the Bank before tax stood at Tk. 2,224 million as against Tk. 2,629 million of the previous year. Net profit of the Bank after tax stood at Tk. 1,088 million in 2016 as against Tk. 1,596 million of the previous year, thus the negative growth of approximately 32%.
The Board of Directors has recommended @5% Cash & @5% Stock dividend for the year ended 31st December 2016 subject to approval in the 18th AGM. 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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