Al-hajj Akram Hussain (Humayun), Chairman, Board of Directors of Mercantile Bank Limited, speaks at the 14th AGM of the bank at a hotel in Dhaka on Saturday.

The 14th Annual General Meeting (AGM) of Mercantile Bank Limited was held at Hotel Ruposhi Bangla in Dhaka on Saturday.

Al-hajj Akram Hussain (Humayun), Chairman of Board of Directors of Mercantile Bank Limited presided over the meeting said a press release.

The AGM approved 7 percent cash and 8 percent stock dividend and also approved the profit and loss account, balance sheet of the bank for the year 2012.

A large number of shareholders attended the AGM.

Speaking at the AGM, Akram Hussain said, the success of the bank is the result of co-operation and support of its shareholders, clients, central bank and other regulatory bodies. He thanked all for their co-operation to achieve the success.

The bank will be able to face the challenges of the 21st century by developing the quality of its services and also by raising skill of human resources side by side utilising the highest technology and minimizing risks.

ASM Feroz Alam, Vice Chairman, Md Anwarul Haque, Chairman Executive Committee, R A Hawlader, Chairman, Audit Committee, Rena Jalil, MD and CEO, M Ehsanul Haque, AMD, Md Abdul Jalil Chowdhury and Monindra Kumar Nath, DMD of the bank, attended.