EBL declares 25% dividend for 2021
The bank reported a 14.83 per cent growth in profit to Tk. 480 core
Eastern Bank Limited (EBL), a leading private sector financial institution of the counry has announced 25% dividend for the year 2021 ended on 31 December. The dividend includes 12.50 per cent cash and 12.50% per cent stock. The shareholders unanimously approved the dividend at the 30th Annual General Meeting (AGM) on a digital platform today, 19 May 2022.
Presided over by Md Showkat Ali Chowdhury, Chairman of the Board of Directors of EBL the AGM was also attended by the Directors M Ghaziul Haque, Mir Nasir Hossain, Salina Ali, Mufakkharul Islam Khasru, Gazi Md Shakhawat Hossain, K J S Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury, and Ruslan Nasir.
Md. Showkat Ali Chowdhury said when coronavirus pandemic made everything look bleak; EBL managed to emerge from the situation with renewed strength, and had demonstrated financial integrity, maintaining profitability throughout the year.
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EBL reported consolidated Tk 4,800 million profit after tax in 2021, a significant year on year growth of 14.83% . EBL's Cost to Income Ratio was 39.10% while Earnings per Share was Tk 5.03. Bank's total assets stood at Tk 392,187 million at the end of 2021, reads a press release.
Ali Reza Iftekhar, Managing Director and CEO and Md. Abdullah Al Mamun, FCS, Company Secretary, other senior officials of the bank and a large number of shareholders joined the meeting online.
