AB Bank approved 5% Stock Dividend
Banking
The 38th AGM of AB Bank Limited was held on September 2 on the digital platform. The meeting unanimously approved 5% Stock Dividend for the year ended 2019.
The listing category of the Bank has been placed in category "A" with effect from September 2 as per directives of Bangladesh Securities and Exchange Commission.
AB Bank Limited completed 38th year of successful operation on April 12. Net Asset Value (NAV) of the Bank stood at Tk.2,284 crore and total assets stood at Tk.36,557 crore in 2019 which registered 13.33% growth over last year.
AGM also adopted Directors' Report, Audited Financial Statements and appointed Moshtaque Ahmed Chowdhury and Shajir Ahmed as Directors. Shareholders also appointed ACNABIN, Chartered Accountants, as Statutory Auditor of the Bank for the year 2020.
Chairman of the Board Muhammad A. (Rumee) Ali, presided over the meeting. Tarique Afzal, President & Managing Director, Honorable Directors of the Board and a good number of Shareholders attended the Annual General Meeting over the digital platform.
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