Tuesday, 24 May, 2022

BRAC Bank approves 15pc dividend

  • Staff Correspondent
  • 29 April, 2022 12:00 AM
  • Print news

The shareholders of BRAC Bank Limited have approved a 15 percent dividend – 7.50 percent in the form of cash and 7.50 percent in stock, for the year 2021.

The approval came at the 23rd Annual General Meeting (AGM) held on virtual platform on Thursday.

A good number of shareholders participated in the AGM, said a press release.

Presided over by Chairman Dr Ahsan H Mansur, the AGM was also attended by Directors Asif Saleh, Fahima Choudhury, Farzana Ahmed, Dr Zahid Hussain, Meheriar M Hasan, Shameran Abed, Dr Mustafa K Mujeri, Faruq Mayeenuddin Ahmed and Salek Ahmed Abul Masrur. The bank's Managing Director and CEO Selim R. F. Hussain responded to the shareholders' queries and thanked them for their unwavering trust in the bank.

The shareholders were informed that the bank registered a Net Profit After-Tax (NPAT) of Tk 555 crore with a growth of 22 percent compared to NPAT in 2020 on standalone basis.