The 28th Annual General Meeting (AGM) of Dutch-Bangla Bank PLC was held on Sunday through a virtual platform under the chairmanship of Sadia Rayen Ahmed, the chairman of the Board of Directors of the bank.
The chairman welcomed honourable shareholders in the AGM. A large number of shareholders virtually participated in the AGM of the bank.
At the AGM, shareholders approved 35% dividend — 17.5 per cent cash dividend and 17.5 per cent stock dividend per share — for the year 2023, according to a press release.
The bank’s Audited Financial Statements for the year that ended December 31, 2023 were placed before the AGM. The shareholders approved the statements for the year 2023 and made various observations and suggestions on performance of the bank.
Total assets of the bank as of December 31, 2023 stood at Tk 5,93,883.1 million, compared to Tk 5,55,473.6 million of 2022, registering growth by Tk 38,409.5 million or 6.9 per cent.
Loans and Advances of the bank stood at Tk 4,12,073.0 million at the end of 2023 with a growth of 13.2 per cent over Tk 3,64,000.8 million at the end of 2022.
The deposits grew by Tk 34,458.8 million in 2023 from Tk 4,38,131.3 million to Tk 4,72,590.1 million showing a growth of 7.9 per cent.
In 2023, profit before tax of the bank stood at Tk 11,450.1 million compared to Tk 8,866.6 million in 2022. Profit after tax stood at Tk 8,017.4 million compared to Tk 5,661.7 million in 2022.
During the year under review, earnings per share, attributable to shareholders, was Tk 10.72 compared to Tk 7.57 (restated) during the previous year.
Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood at 16.16 per cent at the end of 2023 against the Bangladesh Bank’s minimum requirement of 12.50 per cent.
The meeting also approved the re-appointment of Abedur Rashid 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.
