Dhaka, Bangladesh (BBN)- Premier Bank Limited has approved 22 per cent stock dividend for its shareholders for the year 2011.
It was also approved by the Securities and Exchange Commission (SEC) and Bangladesh Bank.
The approval was disclosed at the 13th annual general meeting (AGM) of the bank at Bangabandhu International Conference Centre in the capital Dhaka on Sunday.
Premier Bank Chairman Dr HBM Iqbal presided over the AGM. Premier Bank Vice Chairman BH Haroon, MP, directors Abdus Salam Murshedy, Kazi Abdul Mazid, Moin Iqbal, Md Imran Iqbal, Shah Md Nahyan Haroon, Md Masud Zaman and Md Lutfur Rahman, Managing Director Majedur Rahman, Additional Managing Director Abu Haniff Khan and Company Secretary Syed Ahsan Habib were present on the occasion.
Speaking on the occasion, Dr Iqbal informed that the bank had earned a net profit of BDT 519 million during the year 2011. The total deposit of the bank rose by 10.97 per cent over the last year to reach the total of BDT 60.69 billion.
The total loans and advances stood at BDT 49.77 billion end yielding a significant growth of 7.27 percent. After detailed review, the shareholders approved the accounts and directors reports and 22 per cent dividend for 2011 in the form of bonus share.
Managing Director of the bank informed the shareholders about various steps being taken to improve efficiency and to introduce products and services. The bank has already opened up a new horizon in the corporate world with the introduction of some sophisticated & technology-based products.
BBN/SSR/AD-16Apr12-11:20 am (BST)
