The BRAC Bank Limited has approved 7.50 percent cash dividend and 7.50 percent stock dividend for its shareholders of for the year 2021, a press release Thursday.
The approval came at the 23rd Annual General Meeting (AGM) held on Thursday on virtual platform. A significant number of shareholders participated in the AGM.
Presided over by Chairman Dr. Ahsan H. Mansur, the AGM was also attended by Directors – Asif Saleh, Fahima Choudhury, Farzana Ahmed, Dr. Zahid Hussain, Meheriar M Hasan, Shameran Abed, Dr. Mustafa K. Mujeri, Faruq Mayeen uddin Ahmed and Salek Ahmed Abul Masrur.
The bank’s Managing Director and CEO Selim R. F. Hussain responded to the shareholders’ queries and thanked them for their unwavering trust in the bank. Acting Company Secretary M Mahbubur Rahman, FCS moderated the AGM.
The shareholders were informed that the bank registered a Net Profit After-Tax (NPAT) of Tk 555 crore with a growth of 22 percent compared to NPAT in 2020 on standalone basis. Consolidated financials reflected an NPAT of BDT 465 crore with year on year (YoY) growth of 15 percent.
