Mercantile Bank AGM approves 22pc dividend

The 19th Annual General Meeting of Mercantile Bank Ltd was held at FARS Hotel & Resorts in the city Monday, said a statement.
The AGM approved 22 per cent dividend (17 per cent cash and 5.0 per cent stock) for the shareholders.
The AGM was presided over by A.K.M. Shaheed Reza, Chairman of the Board of Directors of Mercantile Bank Limited. Bank's Managing Director & CEO Kazi Masihur Rahman delivered his welcome speech on the AGM.
The Chairman in his speech mentioned that, the success of the Bank in the year 2017 is the result of co-operation and support of its shareholders, clients, Bangladesh Bank and other regulatory bodies and he thanked the Board of Directors and the management for their collective efforts towards the achievement of the Bank.
He mentioned that the Bank is emphasizing on agriculture, women entrepreneurs and SME & Retail sectors in tandem with the policy of the Government and Bangladesh Bank to strengthen the economy of the country.
Md. Abdul Hannan & A. S. M. Feroz Alam, Vice Chairmen; Md. Anwarul Haque, Chairman, Executive Committee; Dr. Mahmood Osman Imam, Chairman, Audit Committee; M. Amanullah, Chairman, Risk Management Committee; Shahidul Ahsan, Al-Haj Akram Hossain (Humayun), Mohd. Selim, Al-Haj Mosharref Hossain & Dr. Md. Rahmat Ullah Directors were present on the AGM.
Bank's Managing Director & CEO Kazi Masihur Rahman updated the shareholders about activities of the bank in the year 2017 and presented the outlook for the year 2018.