Wednesday, 25 May, 2022

Dutch-Bangla Bank holds 26th Annual General Meeting (AGM)

  • Sun Online Desk
  • 24th April, 2022 02:45:22 PM
  • Print news

The 26th Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on April 24, 2022 at  11:00 am through virtual platform under the Chairmanship of Mr Sayem Ahmed, Chairman, the Board of Directors of the Bank. The Chairman welcomed the honorable Shareholders in the AGM. 

A large number of Shareholders virtually participated in the AGM of the Bank. In the 26th AGM of the  Bank, Shareholders approved 27.5% Dividend (i.e. 17.5% cash dividend and 10% Stock Dividend per  share) for the year 2021.

The Audited Financial Statements of the Bank for the year ended December 31, 2021 were placed  before the AGM. The shareholders made various observations and suggestions on performance of the  Bank for the year 2021. 

Total assets of the Bank as of 31 December, 2021 stood at Taka 514,399.8 million compared to Taka  472,355.4 million of 2020 registering a growth by Taka 42,044.4 million or 8.9%. Loans and Advances  of the Bank stood at Taka 319,448.1 million at the end of 2021 a growth of 16.9% over Taka 273,382.9 million at the end of 2020. The deposits grew by Taka 38,889.4 million in 2021 from Taka 362,611.0  million to Taka 401,500.3 million showing a growth of 10.7%. 

In 2021, profit before tax of the Bank stood at Taka 8,132.7 million compared to Taka 9,660.8 million  in 2020. Profit after tax stood at Taka 5,561.1 million compared to Taka 5,498.7 million in 2020. During  the year under review, earnings per share, attributable to shareholders, was Taka 8.79 compared to  Taka 8.69 during the previous year. Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood  at 16.4% at the end of 2021 against the Bangladesh Bank’s minimum requirement of 12.5%.

The meeting approved the re-appointment of Ms. Tang Yuen Ha, Ada as Director of the Bank.

The meeting also appointed M/s. A. Qasem & Co., Chartered Accountants as the external auditor of  the Bank and M/s. Hoda Vasi Chowdhury & Co., Chartered Accountants as Corporate Governance  Compliance Auditor of the Bank for the year 2022.