BRAC Bank approves 30pc stock dividend
Monday, 18 May 2009
FE Report
BRAC Bank Limited shareholders have approved 30 per cent stock dividend for the year that ended on December 31, 2008.
The approval came at the 10th annual general meeting (AGM) of the company held in the city Sunday.
Chairman of the bank Muhammad A (Rumee) Ali presided over the meeting, says a press release.
Directors Quazi Md Shariful Ala, Nihad Kabir, Tamara Hasan Abed, Shib Narayan Kairy, Managing Director and CEO AEA Muhaimen and Company Secretary Rais Uddin Ahmad attended.
The chairman informed the AGM that bank earned Tk 3.174 billion operating profit and Tk 973 million net profit in the year 2008 registering a whopping 63 per cent and 57 per cent growths respectively.
Addressing the AGM, the chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company.
A large number of shareholders attended the AGM.
BRAC Bank Limited shareholders have approved 30 per cent stock dividend for the year that ended on December 31, 2008.
The approval came at the 10th annual general meeting (AGM) of the company held in the city Sunday.
Chairman of the bank Muhammad A (Rumee) Ali presided over the meeting, says a press release.
Directors Quazi Md Shariful Ala, Nihad Kabir, Tamara Hasan Abed, Shib Narayan Kairy, Managing Director and CEO AEA Muhaimen and Company Secretary Rais Uddin Ahmad attended.
The chairman informed the AGM that bank earned Tk 3.174 billion operating profit and Tk 973 million net profit in the year 2008 registering a whopping 63 per cent and 57 per cent growths respectively.
Addressing the AGM, the chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company.
A large number of shareholders attended the AGM.