City Bank has declared 30 per cent stock dividend for its share holders for the year 2010.

The board of directors of the bank approved the dividends at its 28th Annual General Meeting (AGM) at Bashundhara Convention Center in the city on Sunday, said a press release.Aziz Al Kaiser, chairman of the bank, chaired the meeting while the bank’s Vice Chairman Hossain Mehmood, Directors Hossain Khaled, Rajibul Huq Chowdhury, Rafiqul Islam Khan, Mobarak Ali and Managing Director and Chief Executive Officer Kazi Mahmood Sattar, and a large number of shareholders were also present on the occasion. In his speech, Aziz Al Kaiser said the bank has taken a number of measures according to the guideline of Bangladesh Bank, the central bank of the country.

In the long run, the measures will make the bank a stable in banking business in the country, he added.“The suggestions given by the shareholders will help us to formulate the business policy and ensure faster growth and development of the bank,” he said.

News: Daily Sun/ Bangladesh/ Aug-15-2011