The 33rd AGM of AB Bank Limited was presided over by the Chairman of the Bank, M. Wahidul Haque Sunday. Other Directors and President & Managing Director Shamim A. Chaudhury were also present. A good number of shareholders, patrons and well-wishers attend
AB Bank Limited approved 12.5pc stock dividend for its shareholders at the 33rd Annual General Meeting (AGM) of the Bank held Sunday at the Bashundhara Convention Centre in the city. The AGM approved the Annual Report and the Audited Financial Statements of the Bank for the year ended 2014.
Earlier an Extra-Ordinary General Meeting (EGM) of the Bank was held on the same day at 9.00 am at the same venue. A Special Resolution was approved in the EGM for issuance of 'AB Bank Subordinated Bond-II' of BDT 4.0 billion (400.00 crore) for raising Tier-II Capital subject to approval of the concerned regulatory authorities.
AB Bank Limited completed its 33rd year of banking on April 12, 2015. Net Asset Value (NAV) stood at Tk. 18.76 billion (1,876 crore) in 2014 which is 8 per cent higher than 2013. Total Asset of the Bank stood at Tk. 256.81 billion (25,681 crore) at the end of 2014 reflecting a growth of 22 per cent over last year.
The 33rd AGM was presided over by the Chairman of the Bank, Mr. M. Wahidul Haque. Other Directors and President & Managing Director Mr. Shamim A. Chaudhurywere also present. A good number of shareholders, patrons and well-wishers attended the Annual General Meeting.
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