Economic Reporter :
Eastern Bank Limited (EBL) has declared 20 percent cash dividend and 15 percent stock dividend at its 24th Annual General Meeting (AGM), held on Thursday at Unique Trade Centre (UTC), Convention Hall in the city.
M. Ghaziul Haque, Chairman of the Board of Directors of the Company, presided over the meeting, attended by EBL Directors Mir Nasir Hossain, A.M. Shaukat Ali, Md. Showkat Ali Chowdhury, Meah Mohammed Abdur Rahim, Ormaan Rafay Nizam, Managing Director and CEO Ali Reza Iftekhar, Deputy Managing Director and Company Secretary Safiar Rahman were also present.
M. Ghaziul Haque presented the directors’ report and financial statements for the year 2015 and replied to various queries from the shareholders.
Despite challenges of intense competition, weak governance, low credit growth, falling interest rates and maintenance of assets quality, the bank has delivered consistent financial performance in 2015.
Bank’s profit after tax has increased by 5.43 percent to BDT 2,221 million in 2015. Consequentially, earnings per share (EPS) of the bank has increased to BDT 3.63 against BDT 3.45 in 2014.
Total Assets of the Bank stood at BDT 189,563 million at the end of year 2015, which is 10.13 percent higher than that of the previous year.
Eastern Bank Limited (EBL) has declared 20 percent cash dividend and 15 percent stock dividend at its 24th Annual General Meeting (AGM), held on Thursday at Unique Trade Centre (UTC), Convention Hall in the city.
M. Ghaziul Haque, Chairman of the Board of Directors of the Company, presided over the meeting, attended by EBL Directors Mir Nasir Hossain, A.M. Shaukat Ali, Md. Showkat Ali Chowdhury, Meah Mohammed Abdur Rahim, Ormaan Rafay Nizam, Managing Director and CEO Ali Reza Iftekhar, Deputy Managing Director and Company Secretary Safiar Rahman were also present.
M. Ghaziul Haque presented the directors’ report and financial statements for the year 2015 and replied to various queries from the shareholders.
Despite challenges of intense competition, weak governance, low credit growth, falling interest rates and maintenance of assets quality, the bank has delivered consistent financial performance in 2015.
Bank’s profit after tax has increased by 5.43 percent to BDT 2,221 million in 2015. Consequentially, earnings per share (EPS) of the bank has increased to BDT 3.63 against BDT 3.45 in 2014.
Total Assets of the Bank stood at BDT 189,563 million at the end of year 2015, which is 10.13 percent higher than that of the previous year.
