Dhaka, Bangladesh (BBN)- BRAC Bank Limited shareholders have approved 30 per cent stock dividend for the year that ended on December 31, 2008.
The approval came at the 10th annual general meeting (AGM) of the company held in the city on Sunday with its Chairman of the bank Muhammad A (Rumee) Ali in the chair, the bank said.
The chairman informed the AGM that bank earned BDT 3.174 billion operating profit and BDT 973 million net profit in the year 2008 registering a whopping 63 percent and 57 per cent growths respectively.
Addressing the AGM, the chairman expressed his gratitude to the shareholders, stakeholders and management for their continuous support to the company.
BBN/SS/SI/AD-17May09-9:23 pm (BST)