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.
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.