The board of directors of BRAC Bank Limited has recommended 10 per cent cash and 20 stock dividend for the year 2010.

In 2009 the bank had declared 30 per cent stock dividend for the share holders.

The record date of the dividends is March 6 this year while March 24, 2011 has been fixed as the date of annual general meeting (AGM).

BRAC’s profit after tax has been reported at Tk 1,664.35 million, earning per share (EPS) Tk 60.39, net asset value (NAV) per share Tk 332.91 and net operational cash flow per share (NOCFPS) of Tk 121.65 for the year ended on December 31, 2010 as against Tk 1,303.59 million, Tk 46.91, Tk 371.55 and Tk 371.48 respectively as on December 31, 2009.

It has also reported consolidated profit after tax of Tk 2,073.06 million, consolidated EPS Tk 68.17, consolidated NAV per share Tk 375.48 and consolidated NOCFPS Tk 145.63 for the year ended on December 31, 2010.

News: Daily Sun/ Bangladesh/23- Feb-2011