Dutch-Bangla Bank Limited has announced 17.5 percent cash dividend and 10 percent stock dividend for its shareholders for the year 2021, a press release Sunday.
The company approved the dividend at its 26th Annual General Meeting (AGM) held in the city with Sayem Ahmed, Chairman, the Board of Directors of the Bank in the chair.
The Audited Financial Statements of the Bank for the year ended December 31, 2021 were placed before the AGM. The shareholders made various observations and suggestions on performance of the bank.
Total assets of the Bank as of 31 December, 2021 stood at Tk 514,399.8 million compared to Tk 472,355.4 million of 2020 registering a growth by Taka 42,044.4 million or 8.9 percent.
Loans and Advances of the bank stood at Tk 319,448.1 million at the end of 2021 a growth of 16.9 percent over Tk 273,382.9 million at the end of 2020.
The deposits grew by Tk 38,889.4 million in 2021 from Taka 362,611.0 million to Tk 401,500.3 million showing a growth of 10.7 percent.
In 2021, profit before tax of the bank stood at Tk 8,132.7 million compared to Tk 9,660.8 million in 2020. Profit after tax stood at Tk 5,561.1 million compared to Tk 5,498.7 million in 2020. During the year under review, earnings per share, attributable to shareholders, was Tk 8.79 compared to Tk 8.69 during the previous year.
The meeting approved the re-appointment of Tang Yuen Ha, Ada as Director of the Bank. The meeting also appointed A. Qasem & Co., Chartered Accountants as the external auditor of the bank and Hoda Vasi Chowdhury & Co., Chartered Accountants as Corporate Governance Compliance Auditor of the bank for the year 2022
