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MBL okays 12.5 pc cash, 5pc stock dividends for 2021

Mercantile Bank Limited (MBL) declared 12.5 percent cash and 5 percent stock dividend for its shareholders for the year 2021 at its 23rd Annual General Meeting (AGM) on Thursday, said a press release.

The meeting was presided over by Morshed Alam M.P. Chairman of the Board of Directors of Mercantile Bank Limited. Bank’s Managing Director & CEO Md. Quamrul Islam Chowdhury delivered his welcome speech. A. S. M. Feroz Alam and Md. Abdul Hannan, Vice Chairmen; Al-Haj Akram Hossain (Humayun), Chairman, Executive Committee; Md. Anwarul Haq, Chairman, Risk Management Committee; M. A. Khan Belal, Chairman, Mercantile Bank Securities Ltd.; M. Amanullah, Md. Nasiruddin Choudhury, Alhaj Mosharref Hossain, Mohammad Abdul Awal and Dr. Md. Rezaul Kabir Directors; were connected the AGM virtually. Bank’s Chief Financial Officer Tapash Chandra Paul, PhD, Company Secretary Abu Asghar G. Haruni, Sponsors, significant number of Shareholders were also connected to the AGM virtually

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