The IFIC bank yesterday approved 15 per cent stock dividend to its shareholders for the year 2013.
The decision was made in the 37th annual general meeting of the bank held at the Bashundhara Convention Centre in Dhaka on Sunday, says a press release. Chairman of the board of directors of the bank Salman F Rahman presided over the meeting. Different business related issues of last year and future work plans were discussed in the meeting. 
Proposals for approving the audited financial statements for the year 2013, offering 1 right share against existing every shares and subordinate bond of Tk 3,000 million were approved in the meeting. 
Among others, chairman of the executive and risk management committee of the bank Mohammad Lutfar Rahman and chairman of audit committee and member of the board of directors Syed Anisul Huq  were also present.