Southeast Bank Limited declared 16 percent cash and 5 percent bonus dividends for its shareholders for the year 2013.

The announcement came at the 19th Annual General Meeting (AGM) of the bank held at Bashundhara Convention Centre-2 at Baridhara in Dhaka on Monday.

Bank’s directors, sponsors and large number of shareholders attended the meeting.

Alamgir Kabir, FCA, Chairman of the bank, presided over the AGM.

Shahid Hossain, Managing Director of the bank in his address highlighted the bank’s operational performance in 2013 and outlined the future plans and programmes undertaken by the bank to boost up operational efficiency and profitability of the bank.

The AGM discussed the bank’s operational performance. The bank earned an operating profit of Tk 6,700.20 million in 2013.

As on 31st December, 2013, the bank’s total deposits amounted to Tk 177,519.46 million, total assets reached Tk 220,930.85 million. Its Earning Per Share (EPS) was Tk.3.87 (consolidated), Net Asset Value Per Share was Tk 25.11 (consolidated) and Net Operating Cash Flow per share was Tk.23.58 (consolidated).

The Price Earning Ratio of the bank was 4.68 times in 2013. The Capital and Reserves of the bank soared to a record high of Tk 21,807.57 million as on 31st December 2013.

The shareholders approved 16 percent cash dividend and 5 percent stock dividend and also the financial statements of the bank for the year 2013. Shareholders also elected directors and approved appointment of external auditors for the year 2014. 

Dhaka- The 18th Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on March 30, 2014 at

Officers Clttb, Baily Road, Dhaka utttfer fh^ Chairmanship of Mr. Abedur Rashid Khan, Chainnan, the Board of Directors of the

Bank. The honorable Chairman welcomed the honorable Members present in the AGM, reports in a press

release.

 
The bank declared Cash Dividend @ 40% (i.e. Taka 4 per share of Taka 10 each) for the General Public

Shareholders and Foreign Sponsors/ Shareholders for the year 2013. The Local Sponsors of the Bank will not receive any dividend. A

good number of members participated in the discussion on the overall performance of the Bank in the AGM.

Among others, Directors of the Board including Mr. Say em Ahmed (Chairman, Executive Committee of the

Board), Mr. Md. Fakhrul Islam, Dr. Irshad Kamal Khan, Mr. Chowdhury M. Ashraf Hossain, Mr. Md. Yeasin Ali, the Managing Director

of the Bank Mr. K. S. Tabrez and Company Secretary Mr. Md. Monirul Alam, PCS were present in the AGM. Mr.

M. Sahabuddin Ahmed, Founder of Dutch-Bangla Bank & Chairman of Dutch-Bangla Bank Foundation was also present in the meeting.

The Financial Statements of the Bank for the year ended December 31, 2013 were placed before the meeting

and the members made a critical review of the performance of the Bank. The honorable members expressed

their satisfaction with the activities of the Bank during the year 2013.

The honourable Shareholders also praised the Bank Authority for declaring highest cash dividend of 40% for 2013 within all listed banking companies.

The deposit of the Bank increased by 15.8% from Tk.125,433.1 million in 2012 to Tk.145,230.1 million in

2013, while loans & advances increased by 16.1% from Tk. 91,648.9 million in 2012 to Tk.106,422.8 million in 2013 and foreign-trade business increased by 6.2%.

The Bank earned net profit after tax of Tk.2,000.8 million in 2013 as against Tk.2,314.1 million in 2012.

Capital Adequacy Ratio stood at 13.7%, as against 12% in 2012, that was well above 10.0% minimum regulatory requirement as per Basel-II.

The meeting unanimously reappointed M/s. Hoda Vasi Chowdhury & Co. as the auditor of the Bank for the year 2014.

Dhaka -NRB Global Bank Limited formally opens its Motijheel Branch at Dhaka on Thursday, reports in a press release.
Nizam Chowdhury Chairman of the bank has inaugurated the operations of the branch as chief guest.

Among others Vice Chairman Mohammad Hanif Chowdhury, Directors Dr. Mohammed Faruque, Mohammed

Yousuf, Managing Director Md. Abdul Quddus, Deputy Managing Director R Q M Forkan, SEVP Mr .Kazi Mashiur

Rahman Jay had Company Secretary J Q M Habibullah, Branch Manager, honorable & distinguish clients were also present on the occasion.
All guests have hoped that through the latest technological support, the bank will provide quality service to

the customers & will expand its network in home & abroad to provide “Great Experience” to its entire stakeholder.

Al-Arafah Islami Bank Ltd has approved 13.5 per cent dividend in the form of bonus share for the year ended December31, 2013.

The approval came from the bank’s 19th annual general meeting that was held at Hotel Agrabad in

Chittagong on Sunday, says a press release. The meeting was presided over by Badiur Rahman, chairman,

board of directors of the bank.

The bank achieved growth of 18.79 per cent in deposit and 17.88 per cent in investment during the year 2013

compared to 2012. 
The bank also kept its classifid investment in control. At the end of 2013 classified investment of the bank

stood at 2.77 per cent. 

The AGM considered and adopted the directors' report, statement of accounts for the year 2013 along with

auditors' report and also appointed the auditors of the company for the term until the next annual general meeting.

Bangladesh Bank on Sunday asked scheduled banks to submit their foreign exchange transaction-related

statements through a central bank’s web portal instead of their existing manual-basis posting.

To this end, the BB issued a circular to authorised dealer branches of all banks asking them to submit their

seven types of daily and monthly statements of foreign exchange-related transactions through the central bank web portal.
The BB circular said that the central bank had made a web portal-based platform named ‘Online Foreign

Exchange Market Monitoring System’ in a part of its ongoing automation programme.

The seven types of statements, which will be submitted through the web portal, are: daily statement of inter-

bank and cross boarder foreign exchange transactions, daily statement of foreign exchange rates, daily

statement of deal rates with exchange houses, daily statement of quoted rates to exchange houses, daily

statement of day-end balances in nostro accounts, monthly statement of unadjusted entries of nostro accounts, and monthly foreign exchange inflow-outflow statement.

The BB asked the banks to submit the five types of daily-basis statements from April 1 and the monthly-

basis statements from May 2 of this year through the web portal on experimental basis while the banks will also have to place the statements on manual-basis.

The AD branches of the banks will have to submit the statements from July 1 on regular basis. 

A BB official told New Age on Sunday that the central bank’s monitoring system on the country’s foreign

exchange market would be eased more as the BB would be able to analyse the data through online.

Under the circumstances, the foreign exchange-related fraudulent acts will also decrease in the months to

come, he said.