Premier Bank declares 22pc dividend
Premier Bank Chairman Dr. H. B. M. Iqbal presides over the 13th Annual General Meeting (AGM) at Bangabandhu International Conference Centre in the city. Bank’s Vice Chairman B. H. Haroon, MP and other Members of the Board and Bank management are also seen
Premier Bank declared 22 percent stock dividend for the year 2011 at the 13th Annual General Meeting (AGM) of the Bank held at Bangabandhu International Conference Centre in the city on April 15. Dr. H. B. M. Iqbal, Chairman of the Board of Directors presided over the meeting.
Dr. Iqbal informed the shareholders that during the year 2011 the Bank earned net profit of Tk. 51.9 crore. Total deposit of the Bank rose by 10.97 percent over the last year to reach the total of Tk. 6069.30 crore.
Total loans and advances stood at Tk.4977.49 crore yielding a significant growth of 7.27 percent. After detailed review the shareholders approved the accounts and Directors Reports and dividend at the rate of 22 percent for 2011 in the form of bonus share.
The Chairman appreciated the support of the Board members and the effort made by the management team to bring about improvement in the operations of the Bank.
The shareholders thanked Dr. Iqbal for his contributions to the Bank.
Majedur Rahman, Managing Director, informed the shareholders about various steps being taken to improve efficiency and to introduce products and services. The Bank has already opened up a new horizon in the corporate world with the introduction of some sophisticated and technology-based products.
Among others Directors Moin Iqbal, Md. Imran Iqbal, Shah Md. Nahyan Haroon, Md. Masud Zaman, Md. Lutfur Rahman, Managing Director Majedur Rahman, Additional Managing Director Abu Haniff Khan and Bank’s Company Secretary Syed Ahsan Habib were also present on the occasion.
The Daily Sun/Bangladesh/ 18th April 2012