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The 28th Annual General Meeting (AGM) of Dutch-Bangla Bank PLC was held on Sunday through virtual platform.
Ms Sadia Rayen Ahmed, chairman, Board of Directors of the bank, welcomed shareholders at the AGM.
A large number of shareholders virtually participated in the AGM. They approved 35% dividend (i.e 17.5% cash dividend and 17.5% stock dividend per share) 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 and suggestions on performance of the bank.
Total assets of the Bank as of 31 December, 2023 stood at Taka 593.88 billion compared to Taka 555.47 billion of 2022 registering growth by Taka 38.41 billion or 6.9%. Loans and advances of the bank stood at Taka 412.07 billion at the end of 2023 with a growth of 13.2% over Taka 364.00 billion at the end of 2022. The deposits grew by Taka 34.46 billion in 2023 from Taka 438.13 billion to Taka 472.59 billion showing a growth of 7.9%.
In 2023, profit before tax of the bank stood at Taka 11.45 billion compared to Taka 8.87 billion in 2022. Profit after tax stood at Taka 8.02 billion compared to Taka 5.66 billion in 2022. During the year under review, earnings per share, attributable to shareholders, was Taka 10.72 compared to Taka 7.57 (restated) during the previous year. Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood at 16.16% at the end of 2023 against the Bangladesh Bank’s minimum requirement of 12.50%.
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 Corporate Governance Compliance Auditor of the bank for the year 2024.