Business Desk :
Dutch-Bangla Bank Limited approved 30 percent dividend (i.e. 15% cash dividend and 15% Stock) for the year 2020 for its shareholders.
The declaration came out at its 25th Annual General Meeting (AGM) was held on Sunday through virtual platform while Sayem Ahmed, Chairman, Board of Directors of the bank presided over the AGM, said a press release.
A large number of Shareholders virtually participated in the AGM of the Bank. The Audited Financial Statements of the bank for the year ended December 31, 2020 were placed before the AGM. The shareholders made various observations and suggestions on performance of the Bank for the year 2020.
Total assets of the Bank as of 31 December, 2020 stood at Taka 472,355.4 million compared to Taka 390,362.0 million of 2019 registering a growth by Taka 82.0 million or 21.0%. Loans and Advances of the Bank stood at Taka 273,382.9 million at the end of 2020 a growth of 6.7% over Taka 256,239.7 million at the end of 2019.
The deposits grew by Taka 60,451.8 million in 2020 from Taka 302,159.2 million to Taka 362,611.0 million showing a growth of 20.0%.
