UNB, Dhaka :
The Board of Directors of IFIC Bank on Sunday recommended 15 percent stock dividend for the year ended on December 31, 2013.
The Board has also decided to issue ‘Subordinated Debt (Bond)’ for Tk 3,000 million for raising Tier-II Capital to meet future Capital Adequacy Requirement of the Bank as per Basel-II, subject to approval of the concerned Regulatory Authorities and the shareholders, according to DSE website.
The Annual General Meeting of the company will be held on June 1, 2014 at 11:00 am at Bashundhara Convention Center-2, Block #C, Umme Kulsum Road, Bashundhara R/A, Baridhara, Dhaka.
The Record Date is 24.04.2014. The Company has also reported consolidated Net Profit after Tax of Tk 1,370.93 million, consolidated EPS of Tk 3.60, consolidated NAV per share of Tk 24.29 and consolidated NOCFPS of Tk 37.47 for the year ended on December 31, 2013.
Meanwhile, the Board of Directors of Islami Bank Bangladesh Ltd has recommended 8 percent cash dividend and 10 percent stock dividend for the year ended on December 31, 2013.
The Annual General Meeting of the company will be held on May 31, 2014 at 10:00 AM at Bangabandhu International Conference Centre (BICC), Agargaon, Sher-E-Bangla Nagar in the capital.
