Eastern Bank Limited (EBL) declared 20 percent cash dividend for its shareholders for the year 2013.

The announcement came at the 22nd Annual General Meeting of the bank on Monday, said a press release.

The AGM unanimously approved 20 percent cash dividend for the shareholders. M. Ghaziul Haque, Chairman of the Board of Directors of the bank presided over the meeting.

Mir Nasir Hossain, A.Q.I. Chowdhury, OBE, Meah Mohammed Abdur Rahim, Asif Mahmood, Ormaan Rafay

Nizam, Gazi Md. Shakhawat Hossain, Directors, Ali Reza Iftekhar, Managing Director and CEO and Safiar

Rahman, Company Secretary of the bank and a large number of shareholders attended the AGM. M. Ghaziul

Haque presented the Directors’ Report and Financial Statements for the year 2013 and replied to various queries from shareholders.

Amid intense competition, EBL continued to maintain its growth both in terms of business volume and

profitability, the meeting was told. In the year 2013, the bank earned 5.94 percent profit and its total assets

stood at Taka 157,882 million at the end of 2013, which is 7.29 percent higher than the previous year.

During the year, the profit before tax has grown by 14.60 percent to Taka 4,836 million.