AB
Bank Limited approved 12.5% Stock Dividend for its shareholders at the 33rd
Annual General Meeting (AGM) of the Bank held on May 17, 2015 (Sunday) at the
Bashundhara Convention Centre-2, Dhaka. The AGM approved the Annual Report and
the Audited Financial Statements of the Bank for the year ended 2014.
Earlier
an Extra-Ordinary General Meeting (EGM) of the Bank was held on the same day at
9.00 am at the same venue. A Special Resolution was approved in the EGM for
issuance of ‘AB Bank Subordinated Bond-II’ of BDT 400.00 crore for raising
Tier-II Capital subject to approval of the concerned Regulatory
Authorities.
AB
Bank Limited completed its 33rd year of successful banking on April 12, 2015.
Net Asset Value (NAV) stood at Tk.1,876 crore in 2014 which is 8% higher than
2013. Total Asset of the Bank stood at Tk.25,681 crore at the end of 2014
reflecting a growth of 22% over last year.
The 33rd AGM was presided over by the Chairman
of the Bank, Mr. M. Wahidul Haque. Other Directors and the President & Managing
Director Mr. Shamim A. Chaudhury were also present. A good number of
shareholders, patrons and well-wishers attended the Annual General Meeting. (Source:
press release)
