Eastern Bank declares 35% dividends

Eastern Bank PLC (EBL) has announced a 35 percent dividend, including a 17.50 percent cash dividend, for the year that ended on December 31, 2024.

The declaration was made during the bank's 33rd annual general meeting (AGM), which was held virtually today, according to a press release issued by the bank.

Md Showkat Ali Chowdhury, chairman of the bank, presided over the meeting as the chief guest.

Anis Ahmed, Salina Ali, Gazi Md Shakhawat Hossain, KJS Banu, Zara Namreen, Ruslan Nasir, Mahreen Nasir, KM Tanjib-ul Alam, and Khondkar Atique-e-Rabbani, directors of the bank, joined the meeting.

During the proceedings, shareholders commended the board and management for EBL's strong financial performance in 2024, particularly acknowledging the successful launch of Islamic banking alongside the bank's established conventional operations.

Despite the challenges arising from global economic volatility and domestic instability, shareholders expressed satisfaction with the declared dividend and the bank's strategic direction.

All agenda items presented at the AGM were duly approved by the shareholders.

Ali Reza Iftekhar, managing director of the bank, and Md Abdullah Al Mamun, company secretary, along with other senior officials and a large number of shareholders from across the country, also participated in the meeting.