ONE Bank approves 25pc stock dividend
FE Report | Thursday, 26 June 2008
ONE Bank Limited approved 25 per cent stock dividend for its shareholders for the year that ended on December 31, 2007.
The approval came at the ninth annual general meeting (AGM) of the bank at the Officers' Club in the city Tuesday.
In the AGM, six (6) sponsor-directors including the chairman and two vice-chairmen have retired after successful completion of their terms in the board as per Bangladesh Bank BRPD Circular No. 11 dated November 5, 2007.
The bank also held its second extra-ordinary general meeting (EGM) in the same venue on the day.
The EGM gave approval for raising bank's authorised capital to Tk 4.15 billion (415 crore) from Tk1.20 billion.
Earlier, Bangladesh Bank accorded its no objection to raise the authorised capital of the bank to Tk 4.15 billion.
Besides, Salma Zahur of Mostafa Paper Products Limited and
Anirban Das Gupta have been elected directors unopposed.
The newly formed board of directors in the 126th meeting of the board of directors held Tuesday, elected ASM Shahidullah Khan chairman and Salma Zahur vice-chairperson of the board of directors.
The approval came at the ninth annual general meeting (AGM) of the bank at the Officers' Club in the city Tuesday.
In the AGM, six (6) sponsor-directors including the chairman and two vice-chairmen have retired after successful completion of their terms in the board as per Bangladesh Bank BRPD Circular No. 11 dated November 5, 2007.
The bank also held its second extra-ordinary general meeting (EGM) in the same venue on the day.
The EGM gave approval for raising bank's authorised capital to Tk 4.15 billion (415 crore) from Tk1.20 billion.
Earlier, Bangladesh Bank accorded its no objection to raise the authorised capital of the bank to Tk 4.15 billion.
Besides, Salma Zahur of Mostafa Paper Products Limited and
Anirban Das Gupta have been elected directors unopposed.
The newly formed board of directors in the 126th meeting of the board of directors held Tuesday, elected ASM Shahidullah Khan chairman and Salma Zahur vice-chairperson of the board of directors.