Bank Asia approved 12.5 per cent stock dividend for the year 2017 at the 19th annual general meeting (AGM) of the bank at Dhaka Officers Club in the city on Monday, according to a statement.
Chairman of the bank A Rouf Chowdhury presided over the meeting.
With 12.5 per cent stock dividend, the paid-up capital of the bank would increase to Tk.1,110.03 billion.
Vice Chairman Mohd. Safwan Choudhury, Chairman, Audit Committee of the board Mashiur Rahman, Chairman, Risk Management Committee of the board M. Irfan Syeed, board of directors Md. Shahajahan Bhuiyan, Md. Nazrul Huda, Dilwar H. Chowdhury, Maj. Gen. Mohammad Matiur Rahman (retd.), President & Managing Director Md. Arfan Ali and Company Secretary Md. Kamrul Hasan were present.
There was a large turnout of the shareholders in the annual general meeting. They expressed satisfaction over the performance of the bank and approved the accounts for the year 2017, the release added.