BRAC Bank declares cash, stock dividend

Posted by BankInfo on Sat, Apr 12 2014 10:27 am

Sir Fazle Hasan Abed, Chairman, BRAC Bank Limited, Directors Muhammad A. (Rumee) Ali, Shib Narayan Kairy, Tamara Hasan Abed, Dr. Hafiz G. A. Siddiqi, Zahida Ispahani, Managing Director and CEO Syed Mahbubur Rahman, seen at an AGM of the bank at Savar on Thursday.

 

 BRAC Bank Limited has announced 10 percent cash and 10 percent stock dividends (bonus shares) for its shareholders for the year 2013.

The announcement came at the bank’s 15th Annual General Meeting (AGM) held at BRAC-CDM at Savar in Dhaka on Thursday.

Chaired by Sir Fazle Hasan Abed, Chairman of BRAC Bank Limited, the meeting was attended, among others, by Directors Muhammad A. (Rumee) Ali, Shib Narayan Kairy, Tamara Hasan Abed, Dr. Hafiz G. A. Siddiqi, Zahida Ispahani, Managing Director and CEO Syed Mahbubur Rahman and Company Secretary Rais Uddin Ahmad.

Chairman of the bank informed the shareholders at the AGM that the bank earned Tk 5,925 million operating profit and Tk 1,246 million profit-after-tax during the year 2013.

Addressing the AGM, the bank’s Chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company.

A large number of shareholders also attended the AGM. 

News:Daily Sun/11-Apr-2014
Posted in Banking, News

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