Economic Reporter :
The 21st Annual General Meeting (AGM) of Southeast Bank Ltd. held in the city on Monday, according to a press release.
Bank’s Directors, Sponsors, Managing Director of the Bank and large number of Shareholders attended the meeting. Alamgir Kabir, FCA, Chairman of the Bank, presided over the meeting.
The Bank earned an operating profit of BDT 8,034.27 million in 2015 (consolidated). As on 31st December, 2015 Bank’s total deposits amounted to BDT 210,431.09 million, its total assets reached Tk.260,718.03 million, Earning Per Share (EPS) was Tk.3.35 (consolidated), Net Asset Value per share was Tk.29.67 (consolidated) and Net Operating Cash Flow per share was Tk.3.85 (consolidated). The Price Earning Ratio of the Bank was 5.27 times in 2015.
The Capital and Reserves of the Bank soared to a record high of BDT 28,481.63 million as on 31st December 2015. The Bank maintained a capital adequacy ratio at 11.52 percent (consolidated) as on 31st December 2015 against requirement of 10 percent set by Bangladesh Bank.
Credit Rating Information and Services Limited (CRISL) rated the Bank AA (Double A) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2014. Their rating for the long term remains valid up to 22nd June, 2016.
In the 21st Annual General Meeting, the shareholders by their unanimous votes approved 15% Cash Dividend to the shareholders and the financial statements of the Bank for the year 2015. They also elected Directors and approved appointment of external auditors for the year 2016.
The 21st Annual General Meeting (AGM) of Southeast Bank Ltd. held in the city on Monday, according to a press release.
Bank’s Directors, Sponsors, Managing Director of the Bank and large number of Shareholders attended the meeting. Alamgir Kabir, FCA, Chairman of the Bank, presided over the meeting.
The Bank earned an operating profit of BDT 8,034.27 million in 2015 (consolidated). As on 31st December, 2015 Bank’s total deposits amounted to BDT 210,431.09 million, its total assets reached Tk.260,718.03 million, Earning Per Share (EPS) was Tk.3.35 (consolidated), Net Asset Value per share was Tk.29.67 (consolidated) and Net Operating Cash Flow per share was Tk.3.85 (consolidated). The Price Earning Ratio of the Bank was 5.27 times in 2015.
The Capital and Reserves of the Bank soared to a record high of BDT 28,481.63 million as on 31st December 2015. The Bank maintained a capital adequacy ratio at 11.52 percent (consolidated) as on 31st December 2015 against requirement of 10 percent set by Bangladesh Bank.
Credit Rating Information and Services Limited (CRISL) rated the Bank AA (Double A) for the long term and ST-2 for the short term based on the financial statements of the Bank for the year 2014. Their rating for the long term remains valid up to 22nd June, 2016.
In the 21st Annual General Meeting, the shareholders by their unanimous votes approved 15% Cash Dividend to the shareholders and the financial statements of the Bank for the year 2015. They also elected Directors and approved appointment of external auditors for the year 2016.
