NRB Commercial (NRBC) Bank's board of directors has recommended a 12.5% dividend for the shareholders of the bank in 2020.
Of which 7.50% in cash and 5% are in stock dividend. Although it is a dividend payable last year, those who have become shareholders through the capital market this year will also get it, said a press release.
The decision was taken at the 119th meeting of the board of directors held on the virtual platform on Thursday presided by SM Parvez Tamal, chairman of the bank.
This year, general investors have become shareholders of the bank by buying 12 crore shares at a price of Tk10 each.
The dividend will be paid following the approval from authorities at the 8th Annual General Meeting of the bank.
Bank Directors Mohammad Adnan Imam, Rafiqul Islam Mia Arzu, AM Saidur Rahman, Abu Bakar Chowdhury, Lakiyat Ullah, Mohammad Nazim, AKM Mostafizur Rahman, Independent Directors Air Chief Marshal (Retd) Abu Esrar, Dr Khan Mohammad Abdul Mannan, Rad Mojib Lalon were present at the meeting alongside managing director and CEO Md Mukhtar Hossain and Company Secretary Mozammel Hossain.