The board of directors of BRAC Bank Limited has recommended 10 per cent cash and 20 stock dividend for the year 2010.

In 2009 the bank had declared 30 per cent stock dividend for the share holders.

The record date of the dividends is March 6 this year while March 24, 2011 has been fixed as the date of annual general meeting (AGM).

BRAC’s profit after tax has been reported at Tk 1,664.35 million, earning per share (EPS) Tk 60.39, net asset value (NAV) per share Tk 332.91 and net operational cash flow per share (NOCFPS) of Tk 121.65 for the year ended on December 31, 2010 as against Tk 1,303.59 million, Tk 46.91, Tk 371.55 and Tk 371.48 respectively as on December 31, 2009.

It has also reported consolidated profit after tax of Tk 2,073.06 million, consolidated EPS Tk 68.17, consolidated NAV per share Tk 375.48 and consolidated NOCFPS Tk 145.63 for the year ended on December 31, 2010.

News: Daily Sun/ Bangladesh/23- Feb-2011

National Bank Limited organised a workshop on “Prevention of money laundering and combating financing of terrorism’’ in the city recently.

A total of 54 branch managers from different branches in Dhaka division of the bank took part the workshop at the bank’s training institute at New Eskaton, a press release said.

National Bank Mana- ging Director Neaz Ahmed, as chief guest, formally inaugurated the workshop.

Debaprosad Debnath, General Manager of Bangladesh Bank Anti-Money Laundering Department, was present as lead discussant.

Md Majibur Rahman, principal of National Bank Training Institute, and vice president of National Bank were present at the workshop.

News: Daily Sun/ Bangladesh/23- Feb-2011

The board of directors of One Bank offered 55 percent stock dividend for the year 2010, while the board of Dhaka Bank offered 35 percent, Prime Bank 35 percent and Lankabangla Finance 55 percent.

One Bank reported earning per share (EPS) of Tk 91.75, net asset value (NAV) per share of Tk 236.45 and net operational cash flow per share (NOCFPS) of Tk 119.18 for the year ended on December 31, 2010.

Dhaka Bank also reported EPS of Tk 6.31, NAV per share of Tk 24.74 and NOCFPS of Tk 8.59 for the year ended on December 3, 2010.

Prime Bank has also reported weighted average EPS of Tk 56.90, NAV per Share of Tk 290.30 and NOCFPS of Tk 0.48.

The Lankabangla Finance has reported consolidated net profit after tax of Tk 1,700.14 million, consolidated EPS of Tk 32, consolidated NAV per share of Tk. 90.31 and consolidated NOCFPS of Tk 19.04 for the year ended on 31.12.10. as against Tk. 744.07 million, Tk. 14.00, Tk. 47.44 and Tk. 34.87 respectively as on 31.12.09.

The Lankabangla Finance has also reported net profit after tax of Tk 403.09 million, EPS of Tk 7.59, NAV per share of Tk 23.03 and NOCFPS of Tk 0.39 for the year ended on December 31, 2010 as against Tk 350.97 million, Tk 6.61, Tk 20.11 and Tk 20.20 respectively as on December 31, 2009.

The company has further informed that the board of directors of LankaBangla Securities, a 90.91 per cent subsidiary company of LankaBangla Finance, recommended 75 per cent stock dividend for the year 2010.

The company also decided to increase the authorised capital from Tk 1 billion to Tk 5 billion subject to the approval of shareholders at the EGM and the regulatory authorities.

News: Daily Sun/ Bangladesh/22- Feb-2011

The board of directors of One Bank offered 55 percent stock dividend for the year 2010, while the board of Dhaka Bank offered 35 percent, Prime Bank 35 percent and Lankabangla Finance 55 percent.

One Bank reported earning per share (EPS) of Tk 91.75, net asset value (NAV) per share of Tk 236.45 and net operational cash flow per share (NOCFPS) of Tk 119.18 for the year ended on December 31, 2010.

Dhaka Bank also reported EPS of Tk 6.31, NAV per share of Tk 24.74 and NOCFPS of Tk 8.59 for the year ended on December 3, 2010.

Prime Bank has also reported weighted average EPS of Tk 56.90, NAV per Share of Tk 290.30 and NOCFPS of Tk 0.48.

The Lankabangla Finance has reported consolidated net profit after tax of Tk 1,700.14 million, consolidated EPS of Tk 32, consolidated NAV per share of Tk. 90.31 and consolidated NOCFPS of Tk 19.04 for the year ended on 31.12.10. as against Tk. 744.07 million, Tk. 14.00, Tk. 47.44 and Tk. 34.87 respectively as on 31.12.09.

The Lankabangla Finance has also reported net profit after tax of Tk 403.09 million, EPS of Tk 7.59, NAV per share of Tk 23.03 and NOCFPS of Tk 0.39 for the year ended on December 31, 2010 as against Tk 350.97 million, Tk 6.61, Tk 20.11 and Tk 20.20 respectively as on December 31, 2009.

The company has further informed that the board of directors of LankaBangla Securities, a 90.91 per cent subsidiary company of LankaBangla Finance, recommended 75 per cent stock dividend for the year 2010.

The company also decided to increase the authorised capital from Tk 1 billion to Tk 5 billion subject to the approval of shareholders at the EGM and the regulatory authorities.

News: The Daily Star/ Bangladesh/ 22-Feb-2011

The second SME/Agricul-ture branch of Bank Asia started operating at Baligaon area of Tongibari upazila in Munshigonj recently to provide banking facilities to the local farmers.

Nafees Khundker, director of the bank, formally inaugurated the new branch, said a press release.

Aminul Islam and SM Khorshed Alam, deputy managing directors, Irteza Reza Chowdhury, senior executive vice-president (SEVP) of the bank and Md Mohiuddin Ahmed, Upazila chairman of Sirajdikhan upazila, local elites and businessmen, were also present on the occasion.

In addition to 50 branches, the bank has 10 SME service centres across the country.

Starting its operation in 1999, Bank Asia is one of the most innovative banks of the country. It offers a wide range of financial services that covers the entire spectrum of banking operations. In addition, it has launched Islami banking, brokerage, SME banking, SMS banking, ATM and internet banking under its online platform to deliver the highest standard of service to its clientele.

News: Daily Sun/ Bangladesh/ 22-Feb-2011