The 19th Annual General Meeting (AGM) of Dutch-Bangla Bank Limited was held on March 30, 2015 at Pan Pacific Sonargaon Hotel, Dhaka under the Chairmanship of Mr. Sayem Ahmed, Chairman, the Board of Directors of the Bank. The honorable Chairman welcomed the honorable Shareholders’ present in the AGM.

The Bank declared Cash Dividend @ 40% (i.e. Taka 4 per share of Taka 10 each). A lot of Shareholders’ participated in the discussion on the overall performance of the Bank in the AGM.

Among others, honorable 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, the Managing Director of the Bank Mr. K. S. Tabrez and Company Secretary Mr. Md. Monirul Alam, FCS participated in the meeting. Mr. M. Sahabuddin Ahmed, Founder of Dutch-Bangla Bank & Chairman of Dutch-Bangla Bank Foundation was also present at the AGM.

The Audited Financial Statements of the Bank for the year ended December 31, 2014 were placed before the meeting and the members discussed the performance of the Bank. The honorable members expressed their satisfaction with the activities of the Bank during the year 2014.

Total assets of the Bank as at 31 December 2014 stood at Taka 215,993.5 million compared to Taka 185,537.3 million of 2013 registering a growth by Taka 30,456.2 million or 16.4%. Loans and advances of the Bank stood at Taka 124,423.0 million at the end of 2014, a growth of 16.9% over Taka 106,422.8 million at the end of 2013. The deposits grew by Taka 21,532.2 million in 2014 from Taka 145,230.1 million to Taka 166,762.3 million showing a growth of 14.8%.

In 2014, profit before tax increased by 27.4% and stood at Taka 4,518.8 million compared to Taka 3,547.0 million in 2013. Profit after tax increased by 10.3% and stood at Taka 2,206.6 million compared to Taka 2,000.8 million in 2013. During the year under review, earnings per share attributable to shareholders amounted to Taka 11.0 compared to Taka 10.0 during the previous year. Capital Adequacy Ratio (CAR) under Basel II stood at 13.8% against the Bangladesh Bank minimum requirement of 10.0%.

The meeting unanimously reappointed M/s. Hoda Vasi Chowdhury & Co. as the auditor of the Bank for the year 2015.