City Bank okays 25pc stock dividend
The shareholders of City Bank at the 29th Annual General Meeting of the bank held at Bashundhara Convention Center in the city on 6 May unanimously approved 25 percent stock dividend as recommended by the Board of Directors.
Rubel Aziz, who was elected Chairman of the bank recently, said that 2011 has been a solid and successful year for City Bank despite the overall uncertainties prevalent in the global and local economy.
City Bank has again reached another pinnacle in terms of both balance sheet growth and profitability - surpassing all its previous records.
The shareholders asked a number of questions regarding the performance and the direction of the bank, which the Chairman replied and explained.
Rubel Aziz, elected bank's Chairman recently, is also the Chairman of Janata Insurance Company Limited, Managing Director of Partex Beverage and Chairman, Executive Committee of IDLC Finance Ltd. He was also the elected President of Gulshan Club for two consecutive terms.
Also present at the AGM were Directors Aziz Al Kaiser, Deen Mohammad, Hossain Mehmood, Hossain Khaled, Rajibul Huq Chowdhury, Rafiqul Islam Khan, Mobarak Ali, Aziz Al Mahmood and Managing Director and CEO K Mahmood Sattar and senior executives of the bank.
A large number of shareholders attended the meeting.
News: Daily Sun/ Bangladesh/ 09-May-2012