City Bank declares 20pc stock dividend

Posted by BankInfo on Sun, Jun 01 2014 09:59 am

Rubel Aziz, Chairman, The City Bank Limited, speaks at the 31th Annual General Meeting of the bank at Ocean Paradise Hotel & Resort in Cox’s Bazar recently.
 The City Bank Limited has declared 20 percent stock dividend for its shareholders for the year 2014.

The announcement came at the 31th Annual General Meeting (AGM) of City Bank held at Ocean Paradise Hotel and Resort in Cox’s Bazar recently.

Rubel Aziz, Chairman of City Bank Limited, presided over the AGM, said a press release on Saturday.

Vice Chairperson Meherun Haque, Directors Deen Mohammad, Aziz Al Kaiser, Mohammad Shoeb, Hossain Khaled, Rafiqul Islam Khan, Aziz Al Mahmood, Evana Fahmida Mohammad, Syeda Shaireen Aziz, and Managing Director and CEO Sohail R. K. Hussain of City Bank Limited were present at the meeting.

A large number of shareholders attended the Annual General Meeting.

In his welcome speech, Rubel Aziz mentioned that 2013 was a solid and successful year for the bank despite overall uncertainties prevalent in the global economy and local political field.

The bank was able to maintain a steady financial growth despite several challenges like excessive liquidity, growth of non-performing loan (NPL) and subdued economic activities, he added.

The shareholders unanimously approved 20 percent stock dividend as recommended by the Board of Directors of the bank. 

News:Daily Sun/1-June-2014
Posted in Banking, News

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