Managing Director's Review
The Bank's performance reached an all time high in 2012 - our profit after tax crossed Rs. 10 Bn. for the first time ever and the total assets crossed the Rs. 500 Bn. mark. The Compounded Annual Growth Rate (CAGR) of deposits and loans & advances has been maintained above 20% over the past decade.
Reviewing the performance for 2012, it is satisfying to report the strong performance of the Bank despite many challenges faced during the year. To place the Bank's performance in context, a brief overview of the global and local economies would be pertinent.
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