Bank Asia declared 40 percent stock dividend for the year 2010 at the 12th annual general meeting held at Officers’ Club in the city yesterday.
In the 7th extra ordinary general meeting (EGM) the bank proposed to issue 25 percent right shares, which will later be approved subject to the consent of the regulatory authority, a press release said.
A Rouf Chowdhury, chairman of the bank presided over the meetings.
With 40 percent stock dividend, the paid-up capital of the bank would increase to Tk 4.204 billion and total capital to Tk 8.157 billion.
Vice chairmen Mohd Safwan Choudhury and Mohammed Lakiotullah, directors AM Nurul Islam, M Irfan Syed, Rumee A Hossain, Mashiur Rahman, Faisal Samad, Sohana Rouf Chowdhury, Nafees Khundker, Shah Md Nurul Alam and President and Managing Director Erfanuddin Ahmed were present on the occasion.

News: Daily Sun/Bangladesh/ Mar-31-2011