The 4^th Extra-ordinary General Meeting (EGM) and 23^rd Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on April 29, 2019 at 10:00 a.m. and 10:30 a.m. respectively 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 EGM and AGM.

A huge number of Shareholders attended the EGM and AGM of the Bank. In presence of the honorable shareholders, among others, it was resolved that as per Bangladesh Bank guideline, the Authorized Capital of the Bank would be increased to Tk.15,000 million from Tk.4,000 million. In this connection, amendments of the Memorandum and Articles of Association of the Bank were also approved by the shareholders in the 4^th EGM of the Bank.

In the 23^rd AGM of the Bank, Shareholders approved Stock Dividend @150% (i.e. 1.5 shares against existing 1 share) for the year 2018.

The Audited Financial Statements of the Bank for the year ended December 31, 2018 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 2018.

Total assets of the Bank as at 31 December 2018 stood at Taka 346,468.8 million compared to Taka 311,906.8 million of 2017 registering a growth by Taka 34,562.0 million or 11.1%. Loans and Advances of the Bank stood at Taka 231,553.9 million at the end of 2018, a growth of 11.7% over Taka 207,257.4 million at the end of 2017. The deposits grew by Taka 28,671.3 million in 2018 from Taka 233,796.4 million to Taka 262,467.7 million showing a growth of 12.3%.

In 2018, profit before tax of the Bank stood at Taka 6,763.6 million compared to Taka 5,293.3 million in 2017. Profit after tax stood at Taka 4,201.4 million compared to Taka 2,455.2 million in 2017 showing a growth of 71.1%. During the year under review, earnings per share, attributable to shareholders, was Taka 21.0 compared to Taka 12.3 during the previous year. Capital to Risk-weighted Asset (s) Ratio (CRAR) under Basel III stood at 15.6% at the end of 2018 against the Bangladesh Bank minimum requirement of 11.875%.

The meeting also unanimously appointed M/s. Hoda Vasi Chowdhury & Co., Chartered Accountants as the external auditor of the Bank, and M/s. A. Qasem & Co. as Corporate Governance Auditor for the year 2019.

Among others, Directors of the Board, 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) and Mr. Mohd. Khorshed Alam attended the 4^th EGM and 23^rd AGM of the Bank.