Dhaka, Bangladesh (BBN) – The shareholders of Prime Bank Limited have approved 20 percent stock dividend and 10 percent cash dividend.
The approval came at the 17th annual general meeting (AGM) of the bank held at a city hotel on Thursday.
Chairman of the board of directors of the bank Md Shirajul Islam Mollah presided over the AGM.
Md Shirajul Islam Mollah thanking the shareholders said the bank has earned successes for the latter’s continuous support and confidence shown toward the bank. He added that the bank made satisfactory progress in all areas of its operations during 2011.
The bank earned a net profit after tax (audited) of BDT 3.66 billion. Bank’s deposit rose to BDT 159.82 billion at the end of the year 2011 as against BDT 124.57 billion in 2010 registering a growth of 28 percent while loan portfolio increased to BDT 139.41 billion as on December 31, 2011 from BDT 116.06 billion in 2010 recording a 20 percent growth.
The ratio of non performing loans to total credit also remained at a comfortable position at 1.37 per cent in the year 2011, the private commercial bank said.
BBN/SSR/AD-30Mar12-11:30 pm (BST)