Bank Asia recommends 10pc stock, 5pc cash dividend

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Business Desk :
The meeting of the Board of Directors of Bank Asia held recently in its board room has recommended 10percent stock and 5percent cash dividends for its shareholders for the year 2014 subject to the approval of the 16th Annual General Meeting which will be held at 31st March, 2015 at Dhaka Ladies Club.
A. Rouf Chowdhury, Chairman of the bank, presided over the meeting, says a press release.
The meeting has approved audited financial statements of the bank for the year ended December 31, 2014 and informed operating profit stood BDT 5,778.83 million. The paid-up capital was Tk7,629.95 million and after 10percent stock dividend it will be raised to BDT 8,392.95 million and total asset stood at Tk18,273.94 million.
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