The Bangladesh Journal
Prime Bank and Bank Asia declared cash dividends.
Tuesday, 05.01.2007, 06:22am (GMT6)

The Eleventh Annual General Meeting (AGM) of Prime Finance and Investment Limited was held at Bangladesh-China Friendship Conference Centre in the capital recently, says a press release.

The shareholders approved 30 percent dividend comprising of 20 percent cash and 10 percent stock dividend. The meeting was presided over by Md. Aminul Haque, Chairman of the company, Among others, members of the Board Muslima Shirin, Md. Aliuzzaman, MNH. Bulu, Md. Azizur Rahman, Professor Salma Rahmnn, Managing Director AKM Nozmul Haque, DMD and Company Secretary Md Akter Hossain Sannamat were also present.

The Company enjoyed a strong growth in operating profit during the FY 2006 representing 20.6 percent growth over the last year. Total investment of the Company stood at Tk. 3.47 Billion in the FY 2006 as against Tk. 2.93 billion in the FY 2005 showing an increase of 18.43 percent over the year 2005. Earnings Per Share (EPS) has increased to Tk 34 in the FY 2006 as against Tk. 32.09 of the previous year.

Bank Asia declares 25 pc stock dividend


Bank Asia declared 25pc stock dividend for its shareholders that was approved atthe 8th AGM of bank held in the capital on Sunday, says a press release.

Chairman of the bank M Syeduzzaman presided over the AGM. Vice Chairmen A Rouf Chowdhury and Arifur Rahman Sinha, other directors and President and Managing Director Syed Anisul Huq were also present.

The accounts of the Bank for the year ended on December 31, 2006 were placed in the meeting and the shareholders made a critical review of the performance of the Bank. They were happy to note that the activities of the bank increased significantly during the year under review.

 

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