Standard Bank approves 10pc dividend

Staff Correspondent

5 August, 2020 12:00 AM printer

Standard Bank approves 10pc dividend

Standard Bank Chairman Kazi Akram Uddin Ahmed presides over the 21st annual general meeting of the bank through digital platform in the capital recently.

Standard Bank Limited approved 5 percent cash and 5 percent stock dividend for its shareholders for the year 2019.

The approval came at the 21st annual general meeting of the bank held on Thursday through digital platform, said a press release.

 The AGM was duly conducted through the use of virtual medium as directed by the regulatory bodies instead of physical presence of the respected shareholders and directors.

Kazi Akram Uddin Ahmed, Chairman of the Board of Directors, former President of FBCCI presided over the meeting.

Vice Chairman Md. Zahedul Hoque, Directors Kamal Mostafa Chowdhury, Ashok Kumar Saha, Ferozur Rahman, Md. Monzur Alam, SAM Hossain, Mohammed Shamsul Alam, Mohammed Abdul Aziz, Ferdous Ali Khan, Mohd. Yousuf Chowdhury, Kazi Khurram Ahmed, Md. Abul Hossain, Najmul Huq Chaudhury and Md. Nazmus Salehin, Managing Director and CEO Khondoker Rashed Maqsood, Additional Managing Director Md. Tariqul Azam, Deputy Managing Director Md. Motaleb Hossain were present in the meeting.

A large number of shareholders and external auditor of the bank attended the meeting on virtual platform.

Acting Group Company Secretary Md. Ali Reza FCMA conducted the meeting.

Chairman Kazi Akram Uddin Ahmed presented the Annual Report 2019 of the Bank and Directors’ Report before the shareholders.