Mercantile Bank approves 15% dividend in 22nd AGM

Merchantile Bank's Profit and Loss a/c, Balance Sheet as on December 31, 2020 and 10% Cash and 5% bonus Dividend have been approved by the Shareholders during the 22nd Annual General Meeting through virtual platform on Wednesday.

The meeting was presided over by Morshed Alam MP, chairman of the Board of Directors of the bank. Bank's MD and CEO, Md Quamrul Islam Chowdhury, delivered his welcome speech at the AGM, stated in a press release.

The Chairman said, "Facing the challenges of Corona Pandemic, Mercantile Bank succeeded in 2020 and it is the result of co-operation and support of the shareholders, clients, Bangladesh Bank and other regulatory bodies."

He also thanked the Board of Directors and the management for their collective effort towards the achievement of the bank. "Mercantile Bank Limited will be able to face the challenges of 21st century by developing the quality of its services and human resources, and implementing use of latest technology and managing risks" he added. 

Md Quamrul Islam Chowdhury told the shareholders about activities of the bank in the year 2020 and presented the future planning for the year 2021.

Al-Haj Akram Hossain (Humayun) and M Amanullah, Vice Chairmen; Md Anwarul Haque, chairman, Executive Committee and Risk Management Committee; Dr Gazi Mohammad Hasan Jamil, chairman, Audit Committee; ASM Feroz Alam, Md Abdul Hannan, Md Nasiruddin Choudhury, Alhaj Mosharref Hossain, MA Khan Belal, Mohammad Abdul Awal and Dr Md Rezaul Kabir, Directors; participated in the AGM virtually.

Bank's Company Secretary, Abu Asghar G Haruni; Chief Financial Officer, Dr Tapash Chandra Paul; Sponsors, significant number of Shareholders along with senior executives and officers were also connected to the AGM virtually.