Dhaka, Bangladesh (BBN) – Dutch Bangla Bank Limited (DBBL) on Thursday approved 30 percent cash dividend (Tk 30 per share of Tk 100 each) for general public shareholders and foreign sponsors/shareholders for the year that ended on December 2010 excluding local sponsors.

The approval came at the 15th annual general meeting (AGM) of the Bank held on the day in the capital Dhaka, a bank statement said.

Chairman of Dutch Bangla Bank Limited Zahid Hossain Khan presided over the meeting.
The accounts of the bank for the year that ended on December 31, 2010 were placed in the meeting.

The bank has informed, the deposit of the bank increased by 22.8 percent from BDT 67,788.5 million in 2009 to BDT 83,244.8 million in 2010, while loans and advances increased by 39.8 percent from BDT 48,411 million to BDT 67,657.7 million in 2010 while import business increased by 65.1 percent and export business increased by 78.6 percent.

The bank earned operating profit of BDT 4,198.47 million in 2010 as against BDT 2,695.72 million in 2009 registering 56 percent growth. Capital adequacy ratio stood at 9.64 per cent and it was above the statutory requirement of 9.0 per cent.

BBN/SSR/AD-25Mar11-1:21 am (BST)