Market Digest

IFIC Bank approves 5pc stock dividend

Staff Correspondent

28 May, 2021 12:00 AM printer

IFIC Bank Limited approved 5 percent stock dividend for its shareholders for the year 2020.

The approval came at the 44th Annual General Meeting (AGM) of the bank held digitally on Thursday, said a press release.

Bank’s Chairman Salman F Rahman presided over the AGM.

Bank’s Vice Chairman Ahmed  Shayan Fazlur Rahman, directors of the bank Anwaruzzaman Chowdhury, Rabeya Jamali, ARM Nazmus Sakib, Quamrun Naher Ahmed, Md. Zafar Iqbal and Managing Director and CEO of the bank M Shah A Sarwar and Company Secretary Md. Mokammel Hoque were also present on the occasion.

A large number of shareholders of the bank took part in the AGM through digital platform.

The AGM approved the audited financial statements for the year ended on 31 December 2020  and 5 percent stock dividend for the shareholders.