Dhaka, Bangladesh (BBN) – Standard Bank Limited has recommended 28 percent stock dividend to the shareholders of the bank for the year that ended on December 31, 2010, a bank statement said.

The decision has been made at its 174th board of directors’ meeting in the city recently.
The meeting decided to hold its 12th annual general meeting (AGM) on May 16.

Chairman of the bank Kazi Akramuddin Ahmed presided over the meeting, while vice-chairman Ferdous Ali Khan was also present.

The meeting also approved proposals received from different branches in respect of financing of working capital for industries and other import, export and commercial trading businesses.

BBN/SSR/AD-03Apr11-9:22 am (BST)