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Brac Bank shareholders approve 15% dividend at 22nd AGM

  • Published at 07:12 pm May 29th, 2021
Brac Bank 22nd AGM 2021
Directors and senior officials of Brac Bank attend its 22nd AGM virtually on Thursday, May 27, 2021 Courtesy

With this, the dividend that the bank's board recommended earlier in April remains unchanged

Shareholders of Brac Bank approved a 15% dividend - 10% in the form of cash and 5% in the form of stock, for the financial year 2020.

With this, the dividend that the bank's board recommended earlier in April remains unchanged.

Brac Bank held its 22nd Annual General Meeting (AGM) on a virtual platform on Thursday, said a press release.

Ahsan H Mansur, chairman of the Board of Brac Bank, chaired the AGM.


Also Read - Brac Bank posts 141C net profit in Q1'21


Other members of the board - Nihad Kabir, Kazi Mahmood Sattar, Asif Saleh, Fahima Choudhury, Farzana Ahmed, Dr Zahid Hussain, Meheriar M Hasan and Shameran Abed were also present at the AGM.

BRAC Bank's Managing Director and CEO Selim RF Hussain, who also participated in the meeting, responded to the queries of the shareholders and thanked them for their unwavering trust in the bank.

BRAC Bank's Acting Company Secretary M Mahbubur Rahman, FCS, moderated the session.

Mansur, in his concluding remarks, highlighted the bank's performance to the shareholders and expressed his gratitude to them. He also thanked the customers for their continuous support to the bank and also thanked the employees for delivering amidst these difficult times.

He reiterated the board's commitment to continue responsible and sensible business practices and returns to the shareholders.

The Bank earlier made its Q1'21 Earnings Disclosure last Monday.

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