AB Bank approves 2% dividend

Shareholders of AB Bank in its 41st annual general meeting (AGM) approved a 2 per cent stock dividend for the year that ended on December 31, 2022.

Khairul Alam Choudhury, chairman of the bank, presided over the meeting, which was organised virtually on Saturday, said a press release.

At the end of 2022, operating profit of the bank stood at Tk 548 crore, profit after tax stood at Tk 68 crore, while earnings per share was Tk 0.79 and net asset value per share was Tk 28.37.

Feroz Ahmed was re-elected as director in the AGM and the shareholders approved the appointment of Md Eskandar Miah as an independent director of the bank.

Tarique Afzal, president and managing director of the bank, the board of directors, and a good number of shareholders also joined the meeting.