NRBC Bank approves 12.5pc dividend

Staff Correspondent

27 June, 2021 12:00 AM printer

NRBC Bank Limited has approved 5 percent stock and 7.5 percent cash dividend for its shareholders for the year ended on 31st December, 2020.

The approval came at the bank’s 8th Annual General Meeting (AGM) on Saturday through virtual platform, said a press release.

NRBC Bank Chairman SM Parvez Tamal presided over the meeting.  All directors, sponsors, a large number of shareholders, Managing Director and CEO Golam Awlia and External Auditor of the bank attended the meeting virtually.

Company Secretary Md Mozammel Hossain conducted the meeting.

Apart from that, approval of last year’s financial statements, retirement and reelection of four directors and other agenda were also approved in the AGM by the votes of the shareholders.  NRBC Bank's deposit has increased by 25 percent from Tk 71.85 billion to Tk 90.17 billion in December 2020.