The bank will not impose any maintenance charge with the account of NRBs and their beneficiaries, Mizanur Rahman Johnny, an officer of Premier Bank, told the BBN during the Banking Fair in 2015. BBN file photo.

Dhaka, Bangladesh (BBN) – The board of directors of Premier Bank of Bangladesh has recommended 10 percent cash and 2.0 percent stock dividend for the year ended on December 31 in 2016, said an official disclosure on Thursday.
The final approval of shareholders will come during the annual general meeting (AGM) scheduled to be held on July 27 at 10:30am at the International Convention City Bashundhara in Dhaka.
The record date for entitlement of dividend is on May 25.
The company has also reported earnings per share (EPS) of BDT 2.35 for the year ended on December 31, 2016 as against BDT 1.41 for the previous year.
The net asset value (NAV) per share of BDT 17.47 for the year ended on December 31, 2016 as against BDT 17.20 for the previous year.
And net operating cash flow per share (NOCFPS) of BDT 2.88 for the year ended on December 31, 2016 as against BDT 1.51 for the same period of the previous year.
There will be no price limit on the trading of the shares of the company today following its corporate declaration.
Each share of bank, which was listed on the Dhaka bourse in 2007, closed at BDT 12.50 on Wednesday at DSE.
In 2015, the bank disbursed 10 percent stock dividend.
The bank’s paid-up capital is BDT 6.82 billion and authorised capital is BDT 10 billion, while the total number of securities is 682.08 million.
Sponsor-directors own 33.93 percent stake in the bank, while the institutional investors own 16.27 percent and the general public 49.80 percent as on March 31, 2017, the DSE data shows.
The Premier Bank was incorporated in Bangladesh as a banking company on June 10, 1999 under Companies Act 1994 with the brand promise ‘Service First’.
“For us ‘Service First’ is not just an abstraction; we do mean it. It holds a prime and central focus in our operation. We believe, discharge of quick & quality service is the hallmark for banking standard”.
The bank has made day-to-day banking easier than ever through state of the art facilities.
It tends to create a congenial atmosphere for our customers to feel free and go easy with banking.
The board of the bank ensures that high ethical standards are established across the Bank and regularly reviews the Bank’s compliance with Central Bank. The board recognizes good corporate governance practice a vital ingredient in the creation of substantial shareholders value and protecting the interests of all stakeholders.
The head office of the Premier Bank is located at Banani, one of the main commercial and business areas of Dhaka city.
BBN/SS/ANS