DBBL approves 30pc dividend

Staff Correspondent

27 April, 2021 12:00 AM printer

Dutch-Bangla Bank Limited approved 15 percent cash and 15 percent stock dividend for its shareholders for the year 2020.

The approval came at the 25th Annual General Meeting (AGM) of the bank held through virtual platform in the capital on Monday, said a press release.

Sayem Ahmed, Chairman, the Board of Directors of the Bank presided over the AGM. The Chairman welcomed the shareholders in the AGM.

A large number of shareholders virtually participated in the AGM. In the 25th AGM of the Bank, shareholders approved 30 percent dividend (i.e. 15 percent cash dividend and 15 percent stock dividend per share) for the year 2020.

The Audited Financial Statements of the bank for the year ended December 31, 2020 were placed before the AGM.

The shareholders made various observations and suggestions on performance of the bank for the year 2020.

Total assets of the bank as of 31 December, 2020 stood at Taka 472,355.4 million compared to Taka 390,362.0 million of 2019 registering a growth by Taka 82.0 million or 21.0 percent.

Loans and advances of the bank stood at Taka 273,382.9 million at the end of 2020 a growth of 6.7 percent over Taka 256,239.7 million at the end of 2019.

The deposits grew by Taka 60,451.8 million in 2020 from Taka 302,159.2 million to Taka 362,611.0 million showing a growth of 20.0 percent.

In 2020, profit before tax of the bank stood at Taka 9,660.8 million compared to Taka 7,436.3 million in 2019.

Profit after tax stood at Taka 5,498.7 million compared to Taka 4,341.4 million in 2019.

During the year under review, earnings per share, attributable to shareholders, was Taka 10.00 compared to Taka 7.89 during the previous year.