The 6th Extra-Ordinary General Meeting (EGM) and the 29th Annual General Meeting (AGM) of Pubali Bank Limited were held at Rajendrapur BRAC-CDM, Gazipur, a press release said on Monday.

Hafiz Ahmed Mazumder, MP, Chairman, Board of Directors of the bank presided over the meetings.

At the EGM, the shareholders unanimously approved a proposal to increase the authorised capital of the bank from Tk 10 billion to Tk 20 billion.

At the AGM, the shareholders approved 25 percent stock dividend and 5 percent cash dividend for the year 2011.

Habibur Rahman, Vice-Chairman and Moniruddin Ahmed, Sk. Wahidur Rahman, Syed Moazzem Hussain, M. Faizur Rahman, Ahmed Shafi Choudhury, Suraiya Rahman, Fahim Ahmed Faruk Chowdhury and Mustafa Shahriar Ahmed attended the meetings.

Muhammed Kabiruzzaman Yaqub, alternate director, Khurshid-Ul-Alam, independent director, Helal Ahmed Chowdhury, managing director, MA Halim Chowdhury, additional managing director, Safiul Alam Khan Chowdhury, deputy managing director, Sayeed Ahmed FCA, CFO and general manager and Md. Sayeed Sikder, company secretary and general manager were also present.

A good number of shareholders participated at the discussion and expressed their satisfaction over the performance of the bank. They also suggested measures for further improvement of the bank.

News: Daily Sun/ Bangladesh/ 24-April-2012