The Board of Directors of Pubali Bank Limited recommended 30 percent stock dividend for its shareholders for the year 2008, subject to the approval of its annual general meeting (AGM) scheduled for May 14, 2009.
The decision came at the bank's board meeting at its head office in Dhaka on Wednesday.
The bank issued 40 percent stock dividend to its shareholders for 2007.
Presided over by Chairman Hafiz Ahmed Mazumder MP, the meeting was attended by its directors.
The meeting also approved the bank's profit and loss account and balance sheet for the year ending on December 31, 2008.
Managing Director Helal Ahmed Chowdhury was present among others.