News Briefs(17-5-2018)

Delta Life offers 25pc cash div

The board of directors of Delta Life Insurance Company has recommended 25 per cent cash dividend for the year ended on December 31, 2017, said an official disclosure Wednesday. The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on June 21 at 10:30am at the Delta Life Tower in Dhaka. The record date for entitlement of dividend is June 6. In 2016, the company disbursed 20 per cent cash dividend. Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 101.60 on Wednesday, falling 1.45 per cent over the previous day. The company's share price traded between Tk 92 and Tk 124.80 in the last one year. The life insurer's paid-up capital is Tk 1.23 billion and authorised capital is Tk 5.0 billion while the total number of securities is 123.75 million. — FE Report

Mercantile Bank holds foundation training

Mercantile Bank Limited awarded certificates to its 10th batch of Management Trainee Officers (MTO) on completion of their foundation training at a ceremony organised by MBTI at a city hotel recently. A.K. M. Shaheed Reza, Chairman of the bank, addressed the certificate achiever MTOs as the chief guest and handed over the certificates, with Managing Director and CEO Kazi Masihur Rahman in the chair. Vice Chairman A. S. M. Feroz Alam, Chairman of the Executive Committee Md. Anwarul Haque, Directors Al-Haj Akram Hossain (Humayun) and Shahidul Ahsan were present. — Statement