Eastern Bank Limited (EBL) has announced 35 percent dividend for the year ended on 31 December 2020.
The dividend comprising of 17.50% cash and 17.50% stock was unanimously approved by the shareholders at the 29th Annual General Meeting (AGM) held virtually on Sunday.
The dividend declared by EBL is the highest among the commercial banks of the country, said a press release.
Md Showkat Ali Chowdhury, Chairman of the Board of Directors of EBL presided over the AGM, which was attended by the directors of the bank M Ghaziul Haque, Mir Nasir Hossain, Salina Ali, Anis Ahmed, Mufakkharul Islam Khasru, Gazi Md Shakhawat Hossain, KJS Banu, Zara Namreen, and Ashiq Imran; Managing Director and CEO Ali Reza Iftekhar, Company Secretary Md. Abdullah Al Mamun and other senior officials.
A large number of shareholders also joined the meeting and approved all the agenda those were placed at the AGM. Shareholders appreciated the board and management for the financial performance of the bank despite the challenging time of the COVID-19 pandemic.