Dutch-Bangla Bank declares bonus share
Dutch-Bangla Bank Limited has declared bonus share @ 3.94719 shares for existing one share of Tk 100 each for its shareholders for the year 2007.
The dividend was announced at the 12th annual general meeting (AGM) of the bank held in Dhaka on Thursday under the chairmanship of Abul Hasnat Md Rashidul Islam, chairman of the bank, says a press release.
Earlier, at the 1st extra-ordinary general meeting (EGM) of the bank the authorised capital from Tk 400 million to Tk 1,000 million was approved. Amendments to the Memorandum and Articles of Association of the bank to effect the increase in authorised capital were also okayed.
The bank earned an operating profit of Tk 1,438.67 million in 2007 as against Tk 1,080.47 million in 2006 registering an increase of 33.15 percent. To strengthen the capital base of the bank, capital adequacy ratio was substantially increased to 11.76 percent in the year 2007 from 10.05 percent in 2006.