POST TIME: 10 June, 2021 08:00:21 PM
AB Bank holds 39th AGM, approves 5pc stock dividend
Staff Reporter, Dhaka

AB Bank holds 39th AGM, approves 5pc stock dividend

The 39th AGM of AB Bank Limited was held on Thursday on digital platform. The meeting approved 5 per cent stock dividend for the year ended December, 2020, said a press release. 

Net Asset Value (NAV) of the bank stood at Tk 2,448 crore while total assets stood at Tk 38,576 crore in 2020, registering 5.52per cent growth over the previous year. 

AB Bank Limited completed 39th year of successful operation on April 12, 2021.

AGM also adopted directors’ report, audited financial statements and re-elected Feroz Ahmed, Khairul Alam Choudhury and Maqsudul Huq Khan as directors. Shareholders approved appointment of Shafiqul Alam as independent director. 

Shareholders also appointed ACNABIN, Chartered Accountants as Statutory Auditor and M/s. S. F. Ahmed & Co., Chartered Accountants as Corporate Governance Compliance Auditor of the bank for the year 2021.

Chairman of the board Muhammad A. (Rumee) Ali, presided over the meeting. Tarique Afzal, president and managing director, directors of the board and a good number of shareholders attended the Annual General Meeting on digital platform.