Dhaka, Bangladesh (BBN)- The 12th annual general meeting (AGM) of Premier Bank Limited has approved 31 percent stock dividend for the year that ended on December 31, 2010.
The AGM was held in the capital Dhaka on Wednesday with its Chairman HBM Iqbal presided in the chair, a bank statement said.
In his presidential address, the chairman told the AGM that during the year 2010 the bank earned operating profit of BDT 4.78 billion registering 94.69 percent growth compared to previous year 2009.
At the end of 2010, the bank earned profit after tax of BDT 1.77 billion against BDT 1.09 billion in 2009, he pointed out.
Total deposit of the bank rose by 46.30 percent over the year 2010 to reach at BDT 54.69 billion. Total loans and advances stood at BDT 46.40 billion at the end 2010 yielding a significant growth of 37.83 per cent, the told the AGM.
BBN/SSR/AD-07Apr11-12:03 pm (BST)