Board of Directors of DBBL has approved Financial Statements for the year ended 31 December 2010

The Board of Directors of Dutch-Bangla Bank Limited in its 105th meeting held on 12 February 2011 has approved the following:

The Audited Financial Statements of the Bank as of and for the year ended 31 December 2010, the auditors’ report thereon and appropriation of profits are hereby approved for placing the same before the shareholders in the 15th Annual General Meeting of the Bank.

Approval is hereby accorded for creation of ‘Assets Revaluation Reserves’ in terms of the instructions contained in BRPD Circular No. 10, dated 25 November 2002 with the  total surplus amount for Taka 850,413,777 and fifty (50%) of the surplus amount of Taka 425,206,889 be considered as Tier 2 capital of the Bank as of 31 December 2010.

Cash dividend @30% i.e. Taka 30 for existing every ordinary share of Taka 100 for the year ended 31 December 2010 for the General Public Shareholders and Foreign Sponsors / Shareholders be and is hereby recommended to place before the Fifteenth Annual General Meeting of the Bank for necessary approval.  The Local Sponsors of the Bank will not receive any dividend for the year ended 31 December 2010.”

For more information on Capital adequacy ratio of the Bank as on 31 December, 2010, please click the below image.

Capital Adequacy Ratio-2010

Capital Adequacy Ratio-2010