City Bank gives 20pc dividend

The 32nd Annual General Meeting (AGM) of City Bank was held at Golf Garden, in the city Sunday. Rubel Aziz, Chairman of the bank, presided over the meeting, said a press release.
Also present at the AGM were -- Vice Chairperson Meherun Haque, Directors Deen Mohammad, Aziz Al Kaiser, Mohammad Shoeb, Hossain Khaled, Rafiqul Islam Khan, Rajibul Huq Chowdhury, Tabassum Kaiser, Syeda Shaireen Aziz, Independent Director Tanzib-Ul Alam and Managing Director & CEO Sohail RK Hussain and other senior executives of the bank. A large number of shareholders attended the meeting.
In his address of welcome, Rubel Aziz mentioned that 2014 was a solid and successful year for the bank, which continued to deliver consistent financial performance despite several challenges.
The shareholders unanimously approved 15 per cent cash and 5.0 per cent stock dividend as recommended by the Board of Directors.