The 4th Extra-ordinary General Meeting (EGM) and 23rd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited were held on Monday at Pan Pacific Sonargaon Hotel, Dhaka under the Chairmanship of Sayem Ahmed, Chairman, the Board of Directors of the Bank. Shareholders approved stock dividend @150% (i.e. 1.5 shares against existing 1 share) for the year 2018 The 4th Extra-ordinary General Meeting (EGM) and 23rd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited were held on Monday at Pan Pacific Sonargaon Hotel, Dhaka.
Sayem Ahmed, Chairman, the Board of Directors of the Bank, chaired, said a statement.
In presence of the shareholders, among others, it was resolved that as per Bangladesh Bank guideline, the Authorized Capital of the Bank would be increased to Tk.15,000 million from Tk.4,000 million. In this connection, amendments of the Memorandum and Articles of Association of the Bank were also approved by the shareholders in the 4th EGM of the Bank.
Total assets of the Bank as at 31 December 2018 stood at Taka 346,468.8 million compared to Taka 311,906.8 million of 2017 registering a growth by Taka 34,562.0 million or 11.1%. Loans and Advances of the Bank stood at Taka 231,553.9 million at the end of 2018, a growth of 11.7% over Taka 207,257.4 million at the end of 2017.
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