IFIC recommends 15pc stock dividend
Sunday, 23 March 2014
The Board of Directors of IFIC Bank on Sunday recommended 15 per cent stock dividend for the year ended on December 31, 2013. The board has also decided to issue 'Subordinated Debt (Bond)' for Tk 3,000 million for raising Tier-II Capital to meet future capital adequacy requirement of the bank as per Basel-II, subject to approval of the concerned Regulatory Authorities and the shareholders, according to DSE website. The annual general meeting of the company will be held on June 1, 2014 at 11:00 am at Bashundhara Convention Center-2, Block #C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka. The record date is 24.04.2014, according to a news agency.