BASIC Bank Limited declares Tk.39.29 crore stock dividends for the year 2010 to its sole shareholder, the govt. of the people’s republic of Bangladesh in its 22nd  AGM held at head office of the bank in the city recently says a press release. The meeting was presided over by the chairman of the board of directors of the bank Sheikh Abdul Hye Bacchu.
Other board of directors Jahangir Akhand Salim, Fakhrul Islam, Shubhashis Bose, Neelufar Ahmed, Shakhawat Hossain, Prof. Dr. Kazi Akhtar Hossain, Md. Anwarul Islam,FCMA and managing director of the bank Kazi Faqurul Islam also attended the meeting.
Md. Nasir Uddin Ahmed, deputy secretary, Banking and Financial Institutions Division, Ministry of Finance attended the meeting as the representatives of the Peoples Republic of Bangladesh.
Among others additional managing director Sk. Monzur Morshed and all deputy managing directors of the bank were also present.
It may be mentioned that BASIC Bank Ltd. earned a gross operating profit Tk 216.69 crore in 2010, which was Tk. 167.00 crore in 2009 and also by keeping the non performing asset to a minimum level with healthy capital adequacy ratio of 9.41per cent in 2010.
It is expected that in the year 2011 the bank will earn a gross operating profit of Tk.300.00(Three hundred) crore. In the last five months of this year the bank has already earned operating profit of Tk.115.00 crore.

News: The Independent/ Bangladesh/ Jun-10-2011