BRAC Bank okays 20 percent stock, 10 percent cash dividend
Friday, 25 March 2011
FE Report
BRAC Bank Limited has approved 20 percent Stock Dividend (Bonus Shares) and 10 percent Cash Dividend for its shareholders for the year 2010. The approval came at the Bank's 12th Annual General Meeting (AGM), held at Bashundhara Convention Centre in the city Thursday. Chaired by Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited, the meeting was attended, among others, by the Directors Mr. Quazi Md. Shariful Ala, Ms. Nihad Kabir, Mr. Shib Narayan Kairy, Dr. Hafiz G. A. Siddiqi, Managing Director & CEO Mr. Syed Mahbubur Rahman and Company Secretary Mr. Rais Uddin Ahmad. The Chairman of the Bank informed the AGM that Bank earned Taka 4,969 million operating profit and Taka 1,664 million Profit-After-Tax during the year 2010; growth rates are 34% and 28% respectively, which is another milestone of continuous success for BRAC Bank Limited. Addressing the AGM, the Bank's Chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the Company. A large number of shareholders also attended the AGM.
BRAC Bank Limited has approved 20 percent Stock Dividend (Bonus Shares) and 10 percent Cash Dividend for its shareholders for the year 2010. The approval came at the Bank's 12th Annual General Meeting (AGM), held at Bashundhara Convention Centre in the city Thursday. Chaired by Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited, the meeting was attended, among others, by the Directors Mr. Quazi Md. Shariful Ala, Ms. Nihad Kabir, Mr. Shib Narayan Kairy, Dr. Hafiz G. A. Siddiqi, Managing Director & CEO Mr. Syed Mahbubur Rahman and Company Secretary Mr. Rais Uddin Ahmad. The Chairman of the Bank informed the AGM that Bank earned Taka 4,969 million operating profit and Taka 1,664 million Profit-After-Tax during the year 2010; growth rates are 34% and 28% respectively, which is another milestone of continuous success for BRAC Bank Limited. Addressing the AGM, the Bank's Chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the Company. A large number of shareholders also attended the AGM.