Business Desk :
The 21st Annual General Meeting of Mercantile Bank Limited (MBL) was held virtually on Wednesday. The meeting approved 11 percent cash and 5 percent stock dividend proposal for the share holders.
The meeting was presided over by Lawmaker Morshed Alam, Chairman of the Board of Directors of the MBL. Bank’s Managing Director and CEO Md Quamrul Islam Chowdhury delivered his welcome speech at the AGM.
Akram Hossain (Humayun), Vice Chairman, Md Anwarul Haque, Chairman of Executive Committee, Dr Md Rahmat Ullah, Chairman of Audit Committee, AKM Shaheed Reza, Chairman of Mercantile Bank Foundation, A S M Feroz Alam, Md. Abdul Hannan, M. Amanullah, Al-Haj Mosharref Hossain, M A Khan Belal and Dr Md Hamid Ullah Bhuiya, Directors, among others, were connected to the Virtual AGM.
The Chairman in his speech mentioned that, the success of the Bank in the year 2019 is the result of co-operation and support of its shareholders, clients, Bangladesh Bank and other regulatory bodies and he thanked the Board of Directors and the management for their collective effort towards the achievement of the Bank.
He mentioned that the Bank is emphasizing on Agriculture, Women entrepreneurship, SME & Retail sectors in the line of the policy of the Government and Central Bank to strengthen the economy by achieving sustainable growth of the country.
He expressed his firm belief that Mercantile Bank will be able to continue its progress of success by facing the challenges of 21st century and even also tackling risen situation by the Pandemic attack by developing the quality and amplitude of its services and human resources, implementing latest technology and ensuring proper risk management.
Bank’s Managing Director & CEO Md. Quamrul Islam Chowdhury said to the shareholders about activities of the bank in the last year and presented the future planning for the next year.
