NRBC Bank holds 10th AGM

The 10th Annual General Meeting (AGM) of NRBC Bank was held on Monday.

The meeting was chaired by SM Parvez Tamal, the Chairman of the bank, through an online platform, with the participation of all directors, sponsors and shareholders, says a press release.

The Vice Chairman of the bank Rafiqul Islam Mia Arzoo, Directors Mohammed Adnan Imam, AM Saidur Rahman, Mohammed Oliur Rahman, Loquit Ullah, Mohammed Nazim, AKM Mostafizur Rahman, Independent Directors Chief Air Marshal (Retd) Abu Esrar, Dr Khan Mohammad Abdul Mannan, Raad Mozib Lalon, MD and CEO Golam Awlia, DMD & CFO Harunur Rashid and Company Secretary Mohammad Ahsan Habib were also present in the meeting.

In the AGM, the shareholders approved 12 per cent of total dividend in which 7.50 per cent is in cash for the year 2022. The meeting also approved the audited financial report of the previous year, the director's report, the election of new directors, and changing of the Bank's name to 'NRBC Bank PLC'.

According to the financial report, the Bank's assets have increased by 29 per cent to Tk 16,115 crore by the end of December 2022, compared to the previous year's TK 12,462 crore. The loan portfolio has grown by 30%, reaching TK 13,617 crore from TK 10,489 crore.

The bank's operating profit at the end of the year was TK 403 crore, and the net profit was TK 173 crore. Earnings per share have increased to TK 2.19. Additionally, the bank facilitated imports worth TK 3,602 crore, exports worth TK 3,373 crore, and remittances of TK 1,333 crore in the last year.

Expressing gratitude to all the Directors, Shareholders, Customers, and Investors who participated in the AGM, Chairman SM Parvez Tamal stated that NRBC Bank is working for the socio-economic development of rural people.

Managing Director Golam Awlia mentioned that NRBC Bank has been operating with good governance, accountability, and cleanliness while working for the well-being of the people.