EBL approves 20pc cash dividend

FE Team | Published: June 06, 2018 00:00:14

Eastern Bank Limited (EBL) Chairman M. Ghaziul Haque presiding over the bank's 26th annual general meeting (AGM) in the capital on Tuesday, attended by the directors and senior executives of the bank

Eastern Bank Limited (EBL) has unanimously approved 20 per cent cash dividend for its shareholders for the year ending on December 31, 2017.
The dividend was approved at the bank's 26th annual general meeting (AGM) at Police Convention Hall in the capital on Tuesday, presided over by the Chairman of the board of directors M. Ghaziul Haque.
The AGM was attended by directors Mir Nasir Hossain, A.M. Shaukat Ali, Md. Showkat Ali Chowdhury, Anis Ahmed, Meah Mohammed Abdur Rahim, Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, Managing Director and CEO Ali Reza Iftekhar, DMD and Company Secretary Safiar Rahman, among others.
Mr. Ghaziul Haque presented the Directors' Report and Financial Statements for the year 2017 in front of a large number of shareholders and responded to their questions.
The shareholders appreciated the board and management for the financial performance of the bank amid a challenging environment. They expressed their satisfaction over the dividend for the year 2017, which was one of the highest among similar-sized (in terms of paid-up capital) commercial banks of the country.