Bangladesh Army Chief and TBL Chairman General Mohammad Abdul Mubeen, NDC, PSC seen at the 13th AGM of the Bank in Dhaka Monday.

Trust Bank Limited (TBL) has approved 10 percent cash dividend and 10 percent bonus share for its shareholders for the year 2011.

The approval came at the Bank’s 13th annual general meeting (AGM) held at Golf Garden, Army Gold Club, Dhaka Cantonment Wednesday, said a press release Monday.

Total financial growth, audit report and future plan of the Bank were presented at the meeting in presence of a large number of shareholders.

Bangladesh Army Chief and TBL Chairman General Mohammad Abdul Mubeen, NDC, PSC was present at the meeting.

Bangladesh Army’s Adjutant General and TBL vice chairman Major General Ashraf Abdullah Yusuf, managing director and chief executive officer Shah Alam were also present.

The Daily Sun/Bangladesh/ 12th June 2012

Dhaka stocks fell for the third day on the back of a writ petition challenging the authority of the Securities and Exchange Commission.

Ahmed Rashid, senior vice president of DSE said the market would not stabilise until the court settles the matter once and for all.

“Unresolved court issues and political instability continued to undermine investors' confidence level,” said IDLC Investments about the downward trend in the market.

Turnover rose 14.76 percent, compared to Tk 156 crore of the previous day. A total of 0.45 lakh trades were executed, with 3.45 crore shares and mutual fund units changing hands on the Dhaka bourse.

Of the 257 issues that traded on DSE, 138 declined, 94 advanced and 25 remained unchanged.

During yesterday's downtrend pharmaceuticals lost the most among the major sectors, falling by 1.34 percent. Power at 1.24 percent, non-bank financial institutions at 1.03 percent, telecommunications at 0.49 percent and banks at 0.45 percent were the other notable losers.

Lafarge Surma Cement topped the turnover chart with 31.60 lakh shares worth Tk 13.21 crore, followed by Social Islami Bank and Grameenphone.

Exim Bank was the biggest gainer of the day, recording a 5-percent gain. Pragati Life Insurance fell the most at 7.45 percent.

The Daily Star/Bangladesh/ 12th June 2012

Both the stock exchanges will start trading at 10.30 am instead of 11.00 am from today (Sunday) to match with the banking hours, officials said.

Dhaka Stock Exchange and Chittagong Stock Exchange have already approved the revised trading schedule at their respective boards.

"After getting consent from the Securities and Exchange Commission (SEC), Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have unanimously fixed the revised time schedule of share trading," DSE chief financial officer (CFO) Shuvra Kanti Choudhury, FCA, told the FE.

The office hour of both the stock exchanges will start at 9.30 am instead of 10 am also from today) and will end at 5.30 pm in a bid to match with the revised trading schedule.

Financial Express/Bangladesh/ 3rd June 2012

Arif Dowla, Chairman of Mutual Trust Bank, presides over the 13th Annual General Meeting of the Bank at the Bashundhara Convention Centre in Dhaka.

Mutual Trust Bank Limited declared 12 percent cash dividend to its shareholders for the year 2011.

The announcement came at the 13th Annual General Meeting (AGM) of the Bank held at the Bashundhara Convention Centre in Dhaka, said a press release Monday.

The annual general meeting approved 12 percent cash dividend for its shareholders at the meeting.

Arif Dowla, Chairman of Mutual Trust Bank Limited presided over the meeting.

Syed Manjur Elahi, founder chairman of MTBL, Masud Ahmed Chowdhury, vice-chairman, Anjan Chowdhury, Khwaja Nargis Hossain, Abdul Malek and Wakiluddin, directors of the Bank were also present.

Arif Dowla thanked the customers, patrons, well wishers, shareholders and staff members for rendering continuous support over the years.

In 2011, MTBL earned profit after paying the tax amounting to Tk 404.22 million, while the value of earning assets was Tk 66,660.79 million. Earning per share of the Bank was Tk 1.59, according to the release.

The Bank’s balance-sheet footing increased by 32.68pc, comparing to the previous year. State of the art ATM network with 100 ATMs has emerged within just one year.

As part of its corporate social responsibility, the Bank and its foundation sponsored a number of socio-cultural activities to promote education, healthcare.

The Daily Sun/ Bangladesh/ 30th May 2012

Md. Mahmudul Hoque, Chairman of Jamuna Bank Limited, presides over the 11th Annual General Meeting of the Bank at the Officers' Club in Dhaka,

Jamuna Bank Limited declared 23 percent bonus dividend to its shareholders for the year 2011.

The announcement came at the 11th Annual General Meeting (AGM) held at the Officers' Club in Dhaka, said a press release on Monday.

Md. Mahmudul Hoque, Chairman of Jamuna Bank Limited presided over the meeting.

Al-Haj Nur Mohammed, Chairman of Jamuna Bank Foundation, chairman of Audit Committee of JBL Md. Tazul Islam MP, other directors of the Bank and shareholders were present.

A large number of shareholders of the Bank unanimously approved the 23 percent bonus share at the annual general meeting.

Md. Mahmudul Hoque, Chairman of JBL said, "Jamuna Bank always honour the rules and discipline of Bangladesh Bank, SEC, DSE and CSE."

The Daily Sun/ Bangladesh/ 29-May-2012