AGM of DBH: Shareholders approve 15pc cash and 2pc stock dividend

The shareholders of DBH Finance PLC approved a 15 per cent cash and 2 per cent stock dividend for the year ending December 31, 2024, as proposed by the Board of Directors.

The approval was given at the 29th annual general meeting (AGM) of the company held recently by using the digital platform, with its Chairman, Dr. A.M.R Chowdhury, in the chair, according to a press release. 

The meeting was attended by its Vice Chairman, Syed Moinuddin Ahmed, and its directors, Nazir Rahim Chowdhury, Khandkar Manwarul Islam, Professor Imran Rahman, Professor Nausheen Rahman, Managing Director & CEO, Nasimul Baten, Company Secretary, Jashim Uddin, FCS, as well as the general shareholders.

While replying to the queries of the general shareholders, MD & CEO Nasimul Baten highlighted operational performances and achievements of DBH with the lowest level of Non-Performing Loan, which was 0.97 per cent in December 2024, which helped the company to obtain the highest credit rating AAA (Triple A) for 20 consecutive years. He also mentioned about various CSR projects of DBH.

The chairman, Mr. A. M. R. Chowdhury, in his speech, expressed satisfaction over the performance of DBH, despite the difficult operating conditions and overall slowdown in the economy.

He mentioned that the company’s performance demonstrated its resilience and strength.

The initiatives undertaken by the management to improve risk management and service quality contributed positively to continuing its profit, he said, hoping that this trend will continue in the future also.