Dhaka, Bangladesh (BBN) -The 26th annual general meeting (AGM) of Pubali Bank Limited was held at Pubali Bank auditorium in the city on Thursday with its Chairman Hafiz Ahmed Mazumder MP in the chair.

The AGM approved 03 (three) bonus shares for every 10 (ten) ordinary shares as dividend for Pubali Bank shareholders for the year 2008, the bank said.

Established by Bangali entrepreneurs in 1959, the bank started its journey as the first commercial bank as Eastern Mercantile Bank.

On the eve of celebrating its 50 glorious years, the chairman said the bank has achieved top ranking position with the combined effort of depositors, shareholders and all staff and officers.

He expressed hope that the bank would play a significant role in socio-economic development of the country in near future.

BBN/SS/ANS/AD-14May09-8:55 pm (BST)