Dutch-Bangla Bank holds 22nd Annual General Meeting (AGM)

The 22nd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on March 29, 2018 at Pan Pacific Sonargaon Hotel, Dhaka under the Chairmanship of Mr. Sayem Ahmed, Chairman, the Board of Directors of the Bank. The Chairman welcomed the honorable Shareholders’ present in the AGM.

A huge number of Shareholders attended the AGM of the Bank. The Bank declared Cash Dividend @ 30% for the year 2017.

Among others, Directors of the Board including Mr. 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 attended the meeting.

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The 22nd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on March 29, 2018 at Pan Pacific Sonargaon Hotel, Dhaka under the Chairmanship of Mr. Sayem Ahmed, Chairman, the Board of Directors of the Bank.

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Among others, the Audited Financial Statements of the Bank for the year ended December 31, 2017 were placed before the AGM and a number of Shareholders discussed the performance of the Bank. The shareholders made various observations and suggestions on performance of the Bank for the year 2017.

Total assets of the Bank as at 31 December 2017 stood at Taka 311,906.8 million compared to Taka 264,797.4 million of 2016 registering a growth by Taka 47,109.4 million or 17.8%. Loans and Advances of the Bank stood at Taka 207,257.4 million at the end of 2017, a growth of 19.5% over Taka 173,397.8 million at the end of 2016. The deposits grew by Taka 26,562.4 million in 2017 from Taka 207,234.0 million to Taka 233,796.4 million showing a growth of 12.8%.

In 2017, profit before tax stood at Taka 5,293.3 million compared to Taka 3,234.0 million in 2016. Profit after tax stood at Taka 2,455.2 million compared to Taka 1,775.2 million in 2016. During the year under review, earnings per share attributable to shareholders amounted to Taka 12.3 compared to Taka 8.9 during the previous year. Capital to Risk-weighted Asset (s) Ratio (CRAR) under Basel III stood at 14.5% at the end of 2017 against the Bangladesh Bank minimum requirement of 11.25%.

The meeting also unanimously reappointed M/s. A. Qasem & Co., Chartered Accountants as the external auditor of the Bank for the year 2018.