The 19th Annual General Meeting (AGM) of
Dutch-Bangla Bank Limited (DBBL) was held on March 30, 2015 at Pan Pacific
Sonargaon Hotel, Dhaka under the Chairmanship of Sayem Ahmed, Chairman, the
Board of Directors of the Bank. The honorable Chairman welcomed the honorable
Shareholders’ present in the AGM.
The Bank declared Cash Dividend @ 40%
(i.e. Taka 4 per share of Taka 10 each). A lot of Shareholders’ participated in
the discussion on the overall performance of the Bank in the AGM.
Among others, honorable Directors of the
Board including Abedur Rashid Khan (Chairman, Executive Committee of the Board
of Directors), Mr. Md. Fakhrul Islam, Mr. Md. Nazim Uddin Bhuiyan, FCMA
(Chairman, Audit Committee of the Board of Directors), Mr. Mohd. Khorshed Alam,
the Managing Director of the Bank Mr. K. S. Tabrez and Company Secretary Mr.
Md. Monirul Alam, FCS participated in the meeting. Mr. M. Sahabuddin Ahmed, Founder of
Dutch-Bangla Bank & Chairman of Dutch-Bangla Bank Foundation was also
present at the AGM.
The Audited Financial Statements of the
Bank for the year ended December 31, 2014 were placed before the meeting and
the members discussed the performance of the Bank. The honorable members
expressed their satisfaction with the activities of the Bank during the year
2014.
Total assets of the Bank as at 31
December 2014 stood at Taka 215,993.5 million compared to Taka 185,537.3
million of 2013 registering a growth by Taka 30,456.2 million or 16.4%. Loans
and advances of the Bank stood at Taka 124,423.0 million at the end of 2014, a
growth of 16.9% over Taka 106,422.8 million at the end of 2013. The deposits
grew by Taka 21,532.2 million in 2014 from Taka 145,230.1 million to Taka
166,762.3 million showing a growth of 14.8%.
In 2014, profit before tax increased by
27.4% and stood at Taka 4,518.8 million compared to Taka 3,547.0 million in
2013. Profit after tax increased by 10.3% and stood at Taka 2,206.6 million
compared to Taka 2,000.8 million in 2013. During the year under review,
earnings per share attributable to shareholders amounted to Taka 11.0 compared
to Taka 10.0 during the previous year. Capital Adequacy Ratio (CAR) under Basel
II stood at 13.8% against the Bangladesh Bank minimum requirement of 10.0%.
The
meeting unanimously reappointed M/s. Hoda Vasi Chowdhury & Co. as the
auditor of the Bank for the year 2015.