BRAC Bank approves 20 percent stock, 10 percent cash dividend

Dhaka, Bangladesh (BBN) – BRAC Bank Limited has approved 20 percent Stock Dividend (Bonus Shares) and 10 percent Cash Dividend for its shareholders for the year 2010.

The approval came at the Bank’s 12th Annual General Meeting (AGM), held at Bashundhara Convention Centre in Dhaka on Thursday.

Chaired by Mr. Muhammad A. (Rumee) Ali, Chairman of BRAC Bank Limited, the meeting was attended, among others, by the Directors Mr. Quazi Md. Shariful Ala, Ms. Nihad Kabir, Mr. Shib Narayan Kairy, Dr. Hafiz G. A. Siddiqi, Managing Director & CEO Mr. Syed Mahbubur Rahman and Company Secretary Mr. Rais Uddin Ahmad.

The Chairman of the Bank informed the AGM that bank earned BDT 4,969 million operating profit and BDT 1,664 million profit-after-tax during the year 2010; growth rates are 34 percent and 28 percent respectively, which is another milestone of continuous success for BRAC Bank Limited.

BBN/SSR/AD-25Mar11-1:37 am (BST) 

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