City Bank approves 20pc dividends
Rubel Aziz, Chairman of City Bank Limited, speaks at the 32nd Annual General Meeting
of the bank at Golf Garden in the capital on Sunday.
City Bank Limited approved 15 percent cash and 5 percent stock dividend for its shareholders.
The announcement came at the 32nd Annual General Meeting (AGM) of the bank held at Golf Garden in the capital on Sunday, said a press release.
In the AGM, the shareholders of the bank unanimously approved 15 percent cash and 5 percent stock dividend as recommended by the Board of Directors.
Rubel Aziz, Chairman of the bank, presided over the AGM.
Vice Chairperson Meherun Haque, Directors Deen Mohammad, Aziz Al Kaiser, Mohammad Shoeb, Hossain Khaled, Rafiqul Islam Khan, Rajibul Huq Chowdhury, Tabassum Kaiser, Syeda Shaireen Aziz, Independent Director Tanzib-Ul Alam and Managing Director and CEO Sohail R. K. Hussain and other senior executives of the bank were present.
In his welcome speech, Rubel Aziz mentioned that 2014 has been a solid and successful year for the bank, which has continued to deliver consistent financial performance despite several challenges.
A large number of shareholders took part in the AGM.
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