3 banks get regulatory nod to issue stock dividends

The stock market regulator Bangladesh Securities and Exchange Commission (BSEC) has approved stock dividends announced by Global Islami Bank, NRB Commercial Bank, and AB Bank.

The listed lenders in separate disclosures filed with the Dhaka Stock Exchange (DSE) confirmed the matter on Tuesday.

Global Islami Bank said the BSEC approved their declaration of a 5 per cent stock dividend for the year ending December 31, 2022.

This announcement follows their earlier news release on April 30 regarding the dividend declaration. The record date for entitlement to the stock dividend will remain unchanged and is scheduled for May 30, 2023.

Similarly, NRB Commercial Bank also received consent from the BSEC for their declaration of a 4.5 per cent stock dividend for the year ending December 31, 2022.

The company confirmed that the record date for entitlement of the stock dividend, as previously announced on May 25, 2023, will remain unchanged.

Meanwhile, AB Bank received approval from the BSEC for their declaration of a 2 per cent stock dividend for the year ending December 31, 2022.