Trust Bank approves 20 percent stock dividend

Last updated: May 31, 2009

Dhaka, Bangladesh (BBN)-The 10th Annual General Meeting of Trust Bank Limited (TBL) was held at Bashundhara Convention Center in the capital, Dhaka on Sunday.

In the AGM 20pc stock dividend (bonus share) was approved.

The Chairman of TBL and Chief of Bangladesh Armed Forces General Mooen U Ahmed and other members of the Board of Directors of the bank, shareholders, Managing Director of TBL Mr. Iqbal U. Ahmed and other senior officials of the bank were present on the occasion.

It is to be mentioned here that total number of shareholders of TBL is 31,671 whereas paid up capital is BDT 1540,004,400.00. Net profit after deduction of tax for the year 2007 was BDT 239,028,693.00, which stands to BDT 463,049,546.00 for the year 2008.
BBN/SS/SI/AD-01June09-12:46 am (BST)

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