Fareast Finance & Investment
Limited, a financial institution licensed by Bangladesh Bank declared 12.50%
dividend in the form of 10% cash and 2.50% stock for the year 2014. The
dividend was approved and declared in the presence of the company’s Honourable
Directors, Shareholders, Auditors, Managing Director and Company Secretary at
the fourteenth Annual General Meeting of the company held at Bashundhara
Convention Center-2, Block-C, Umme Kulsum Road, Bashundhara Residential Area,
Baridhara, Dhaka-1229, Bangladesh on March 25, 2015.
MA
Wahhab, Chairman of the Board of Directors of the company was in the chair. The
meeting disclosed that in the year 2014 the company earned a net profit after
tax of Tk.308.45 million and disbursed Tk.3,457.49 million in the form of lease
and term finances. The total investment portfolio of the company on outstanding
basis at the end of the year 2014 stood at Tk.10,330.71 million, which at the
end of the year 2013 was Tk.8,697.73 million. Growth rate in the year 2014 was 18.77%
over the previous year. (source: press release)