Sheikh Abdul Hye Bacchu, Chairman of BASIC Bank, presides over an AGM in Dhaka.

BASIC Bank Limited has declared 25 percent stock dividend for its shareholders for the year ended 2011.

The dividend was decided at the 23rd annual general meeting (AGM) of the company at the Bank's head office.

Sheikh Abdul Hye Bacchu, Chairman, Board of Directors of the Bank presided over the AGM, said a press release on Tuesday.

Directors of BASIC Bank Jahangir Akhand Salim, Fakhrul Islam, Shubhashish Bose, Neelufar Ahmed, Quamrun Nahar Ahmed, Shaskhawat Hossain, Prof Dr Kazi Akhtar Hussain, Md Anwarul Islam, FCMA, Managing Director, Kazi Fakhrul Islam, Additional Managing Director, Sheikh Manjur Morshed, Deputy Managing Directors, Fazlus Sobhan and Kanak Kumar Purkayastha were present.

Md. Rizwanul Huda, Deputy Secretary, Banking and Financial Institutions Division, Ministry of Finance attended the meeting as the representative of the government.

BASIC Bank Limited earned a gross operating profit Tk 2.35 billion in 2011.

The Daily Sun/Bangladesh/ 1st May 2012