Dhaka, Bangladesh (BBN)-The Standard Bank Ltd has recommended 15 per cent stock dividend, said an official disclosure on Wednesday.

The board of directors of Standard Bank proposed the dividend for the year ended on December 31, 2015.

The final approval will come during the annual general meeting scheduled to be held on May 19 at 10:30am at the Police Convention Hall, Eskaton in Dhaka.

The record date is on April 20.

The bank has also reported consolidated net profit after tax of BDT 1,596.43 million, consolidated earnings per share (EPS) of BDT 2.43, consolidated net asset value (NAV) per share of BDT 17.50 and consolidated net operating cash flow per share (NOCFPS) of BDT (5.12) for the year ended on December 31, 2015 as against BDT 1,213.40 million, BDT1.85, BDT 15.08 and BDT 5.33 respectively for the year ended on December 31, 2014.

There will be no price limit on the trading of the shares of the bank today following its corporate declaration.

Tuesday’s closing price of each Standard Bank share was BDT 9.3.