Dhaka Bank declares 10pc stock dividend
Dhaka Bank Ltd declared 10 percent stock and 15 percent cash dividends for its shareholders for the year 2008, says a press release.
The dividends were declared at the 14th annual general meeting of the bank at Bangladesh China Friendship Conference Centre in Dhaka yesterday. Chairman Altaf Hossain Sarker presided over the meeting.
The bank earned an operating profit of Tk 253.3 crore in 2008 against Tk 201 crore in 2007, registering an increase of 26 percent. To strengthen the bank's capital base, the capital adequacy ratio was substantially increased to 11.84 percent in 2008 from 10.36 percent in 2007.