Friday, 29 September, 2023

EBL declares 25pc dividend

EBL declares 25pc dividend

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Eastern Bank Limited (EBL) announced a 25 percent dividend for the year ended on December 31, 2022. 

Half of the dividend will be given in cash and the remaining half will be disbursed in stocks, the bank said.

EBL shareholders approved the dividend at the 31st Annual General Meeting of the bank held virtually on Wednesday.

Chairman of the EBL board of directors Md. Showkat Ali Chowdhury presided over the AGM.   The meeting was attended

by directors M. Ghaziul Haque, Mir Nasir Hossain, Salina Ali, Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, KJS Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury, Ruslan Nasir, and Barrister  K. M. Tanjib-ul Alam. EBL Managing Director and CEO Ali Reza Iftekhar and EBL Company Secretary Md. Abdullah Al Mamun FCS along with other senior officials of the bank and a large number of shareholders also joined the meeting online.

The shareholders approved all the agenda placed at the AGM.

At the AGM, the shareholders appreciated the board and the management for overall financial performance of the bank despite many challenges including the global economic slowdown amid the Russia-Ukraine war.