The Annual General Meeting (AGM) of NRBC Bank was held on Thursday, with Chairman SM Parvez Tamal presiding over the meeting held on a hybrid platform attended by all directors, executives, and shareholders.
The bank’s Vice Chairman Rafikul Islam Mia Arzoo, Director Mohammed Adnan Imam, FCCA, AM Saidur Rahman, Mohammed Oliur Rahman, Abu Bakr Choudhury, Loquit Ullah, Mohammed Nazim, AKM Mostafizur Rahman, Independent Director Air Chief Marshal (retd) Abu Esrar, Dr Khan Mohammad Abdul Mannan, Dr Raad Mazib Lalon, Managing Director (Current Charge) Md Rabiul Islam, DMD and CFO Harunur Rashid, and Company Secretary Ahsan Habib were present at the meeting, according to a press release.
At the AGM, shareholders approved 11 per cent cash dividend for 2023. The meeting also approved the audited financial report of the previous year, the directors report and reappointment of independent directors.
According to the financial report, the bank’s assets increased by 9 per cent to Tk 17,567 crore by the end of December 2023, compared to the previous year’s Tk 16,115 crore. The loan portfolio has grown by 7 per cent, reaching Tk 14,509 from 13,617 crore.
Earnings per share stood at Tk 2.23. The bank's operating profit at the end of the year was Tk 356 crore, and the net profit was Tk 185 crore.
Additionally, the bank facilitated imports worth Tk 3,914 crore, exports worth Tk 3,192 crore, and remittances of Tk 7,327 crore in the last year.
Parvez Tamal expressed gratitude to all stakeholders who participated in the AGM and noted that NRBC Bank is working towards fostering entrepreneurship, particularly focusing on women, trained youth, and marginalised communities.
