The 20th Annual General Meeting of Mercantile Bank Limited approved 15 percent stock dividend for its shareholders for the year 2018.
The approval came at the 20th annual general meeting of the bank held at FARS Hotel and Resorts in the capital on Thursday, said a pres release.A large number of shareholders of the bank took part in the AGM.
The profit and loss account, balancesheet as on December 31, 2018 and 15 percent stock dividend have been approved by the shareholders. The meeting was presided over by A.K.M. Shaheed Reza, Chairman of the Board of Directors of Mercantile Bank Limited. Bank’s Managing Director and CEO Md. Quamrul Islam Chowdhury delivered the welcome speech at the AGM.
Bank’s Vice Chairmen Md. Abdul Hannan and A.S.M. Feroz Alam, Chairman of the Executive Committee Al-Haj Akram Hossain (Humayun), Chairman of the Risk Management Committee Dr. Md. Rahmat Ullah, Chairman of Mercantile Bank Foundation M. Amanullah, Chairman of Mercantile Bank Securities Limited Mohd. Selim were present at the AGM.