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Dutch-Bangla Bank PLC has organised its 28th annual general meeting (AGM) through a virtual platform.
The AGM was held at 11:00 am under the chairmanship of Ms Sadia Rayen Ahmed, chairman of the board of directors of the bank on Sunday, says a media release.
The chairman welcomed the shareholders at the annual general meeting.
At the AGM, the shareholders approved a 17.50 per cent cash dividend and a 17.50 per cent cash dividend for the year 2023.
The Audited Financial Statements of the bank for the year ended December 31, 2023, were placed before the AGM. The shareholders approved the Financial Statements for the year 2023 and made various observations & suggestions on the performance of the bank.
Total assets of the bank as of 31 December 2023 stood at Tk 593,883.1 million compared to Tk 555,473.6 million in 2022 registering growth by Tk 38,409.5 million or 6.9 per cent.
Loans and advances of the bank stood at Tk 412,073.0 million at the end of 2023 with a growth of 13.2 per cent over Tk 364,000.8 million at the end of 2022.
The deposits grew by Tk 34,458.8 million in 2023 from Tk 438,131.3 million to Tk 472,590.1 million showing a growth of 7.9 per cent.
In 2023, the profit before tax of the bank stood at Tk 11,450.1 million compared to Tk 8,866.6 million in 2022. Profit after tax stood at Tk 8,017.4 million compared to Tk 5,661.7 million in 2022.
During the year under review, earnings per share, attributable to shareholders, was Tk 10.72 compared to Tk 7.57 (restated) during the previous year.
Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood at 16.16 per cent at the end of 2023 against the Bangladesh Bank’s minimum requirement of 12.50 per cent.
The meeting approved the re-appointment of Mr. Abedur Rashi-d Khan as Director of the bank.
The meeting also re-appointed A Qasem & Co, Chartered Accountants as the external auditor of the bank and Hoda Vasi Chowdhury & Co, Chartered Accountants as the Corporate Governance Compliance Auditor of the bank for the year 2024.