Premier Bank approves 10pc dividend

Staff Correspondent

13 August, 2020 12:00 AM printer

Premier Bank approves 10pc dividend

Premier Bank Chairman Dr HBM Iqbal presides over the 21st Annual General Meeting of the bank through video conference in the capital on Monday.

The Premier 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 through video conference in the capital on Monday, said a press release.

The AGM was duly conducted over the digital platform as directed by the regulatory bodies instead of physical presence of the respected shareholders and Directors in order to maintain safe social distancing against the backdrop of the on-going worldwide corona virus pandemic.

Shareholders present in the AGM virtually duly approved all agenda including audited financial statements and 5 percent cash and 5 percent stock dividend for the year 2019.

Chairman of the bank Dr. HBM Iqbal, Vice-Chairman Moin Iqbal, along with members of the Board of Directors B.H Haroon, Abdus Salam Murshedy, Mohammad Imran Iqbal, Shafiqur Rahman, Jamal G Ahmed, Independent Directors Chowdhury Jafarullah Sharafat and Naba Gopal Banik, Alternate Director A.H.M Ferdous, Advisor Muhammed Ali and Managing Director and CEO M. Reazul Karim, were present along with shareholders.

Dr. HBM Iqbal, Chairman of the Bank informed the shareholders that during the year 2019 the bank earned operating profit of Tk.732 crore, which is 21 percent higher compared to that of 2018.


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