Stocks Observer. com

The board of directors (BoD) of MCB Bank Ltd has declared final cash dividend of Rs 3 and 10 percent bonus shares, in addition to interim cash dividends of Rs 10 already paid for the year ended December 31, 2012, a statement of the bank said on Thursday. Earnings per share (EPS) for the year came to Rs 22.77 as compared to Rs 21.12 for December 31, 2011. Return on assets came to 2.95 percent, return on equity was recorded at 25.07 percent and book value per share improved to Rs 95.84. The BoD met under the chairmanship of Mian Mohammad Mansha to review the performance of the bank and approve the financial statements. For the year 2012, the bank reported profit before tax of Rs 32.054 billion and profit after tax of Rs 20.941 billion with an increase of 2.0 percent and 8.0 percent, respectively. Total assets of MCB Bank Limited grew by 17 percent to Rs 765.899 billion. The analysis of the asset mix highlights 27 percent increase in investments to Rs 402.069 billion