Mercantile Bank declares 20pc stock dividend

Mercantile Bank Ltd has declared a 20 percent stock dividend for its shareholders in 2008, says a press release.
The dividend was approved at the bank's tenth annual general meeting (AGM) at Dhaka Sheraton Hotel on Tuesday.
The AGM also disclosed an operating profit of Tk 158.15 crore, deposit of Tk 4,953, loans and advances of Tk 4,199 crore, import of Tk 5,652 crore, export of Tk 4,310 crore, foreign inward remittance of Tk 472 crore and provision for tax of Tk 66.58 crore of the bank for the year 2008.
Among others, Md Abdul Jalil, founder chairman, Mosharref Hossain, chairman, AKM Shaheed Reza, chairman of the executive committee of the bank were present.