DBBL holds 26th AGM

Dutch-Bangla Bank Limited (DBBL) held its 26^th Annual General Meeting (AGM) through a virtual platform on Sunday.

Sayem Ahmed, chairman of the Board of Directors of the bank, presided over the meeting. 

In the AGM, shareholders approved 17.5 per cent cash dividend and 10 per cent stock dividend per share for the year 2021, said a press release. 

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 the performance of the bank for the year 2021. 

Total assets of the Bank as of 31 December 2021 stood at Tk 514,399.8 million compared to Tk 472,355.4 million in 2020 registering a growth by Tk 42,044.4 million or 8.9 per cent. Loans and Advances of the Bank stood at Tk 319,448.1 million at the end of 2021 a growth of 16.9 per cent over Tk 273,382.9 million at the end of 2020. The deposits grew by Tk 38,889.4 million in 2021 from Tk 362,611.0 million to Tk 401,500.3 million showing a growth of 10.7 per cent. 

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. Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood at 16.4 per cent at the end of 2021 against the Bangladesh Bank’s minimum requirement of 12.5 per cent. 

The meeting approved the re-appointment of Ms Tang Yuen Ha, Ada as a director of the bank, the statement added.