Dhaka, Bangladesh (BBN) – The board of directors of Export Import (Exim) Bank of Bangladesh has recommended 15 percent cash dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on July 6 at Raowa Convention Centre in Dhaka.
The record is on May11.
The company has also reported earnings per share (EPS) of BDT 2.15 for the year ended on December 31, 2016 as against BDT 1.18 for the previous year.
The net asset value (NAV) per share of BDT 18.74 for the year ended on December 31, 2016 as against BDT 17.79 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT (3.42) for the year ended on December 31, 2016 as against BDT 7.76 for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of bank, which was listed on the Dhaka bourse in 2004, closed at BDT 13.90 on Wednesday at DSE.
In 2015, the company disbursed 12 percent cash dividend.
The bank’s paid-up capital is BDT 14.12 billion and authorised capital is BDT 20 billion, while the total number of securities is 1.41 billion.
Sponsor-directors own 42.83 percent stake in the bank, while the institutional investors own 17.85 percent, foreign investors 3.23 percent and the general public 36.09 percent as on March 31, 2017, the DSE data shows.
Export Import Bank of Bangladesh was established in the year 1999 under the leadership of late Mr Shahjahan Kabir, founder chairman of the bank, who had a long dream of floating a commercial bank which would contribute to the socio-economic development of our country.
He had a long experience as a good banker.
A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialise his dream.
Indeed, all of them proved themselves in their respective business as most successful star with their endeavour, intelligence, hard working and talent entrepreneurship.
Among them, Mr Nazrul Islam Mazumder who is an illuminated business tycoon in the garments business in Bangladesh became the chairman after the demise of the founder chairman.
He is also the chairman of Bangladesh Association of Banks (BAB).
Under his leadership, BAB has emerged as an effective forum for exchanging views on problems being faced by the banking sector of Bangladesh and for formulating common policy guidelines in addressing such problems.