Photo: Courtesy
The shareholders of BRAC Bank have approved a 20 per cent dividend – 10 per cent in cash and 10 per cent in stock – for 2023. The approval came at the 25th Annual General Meeting (AGM) held on a virtual platform on May 30. A significant number of shareholders participated in the AGM.
The bank's Managing Director and CEO Selim RF Hussain responded to the shareholders' queries and thanked them for their unwavering trust and confidence in the bank. Company Secretary M Mahbubur Rahman, FCS, moderated the AGM.
The shareholders were informed that the bank registered a Net Profit After-Tax (NPAT) of Tk 828 crore in 2023 on a consolidated basis, with a growth of 35 per cent from the Tk 614 crore reported in 2022. On a standalone basis, NPAT stood at Tk 730 crore, with an increase of 27 per cent compared to NPAT of Tk 576 crore in 2022.
In his remarks, Chairperson Meheriar M. Hasan highlighted the bank's outstanding financial performance despite macroeconomic challenges. The key highlight of 2023 was the remarkable growth in customer deposits, loans, and advances. He thanked the shareholders, regulators, coworkers, and stakeholders for their continuous support and trust and expressed his strong optimism that the bank would grow even more in 2024 and beyond.
Presided over by Chairperson Meheriar M. Hasan, the AGM was also attended by Vice Chairperson Faruq Mayeenuddin Ahmed and Directors - Asif Saleh, Fahima Choudhury, Farzana Ahmed, Dr. Zahid Hussain, Shameran Abed, Dr. Mustafa K. Mujeri, Salek Ahmed Abul Masrur, Anita Ghazi Rahman, Chowdhury MAQ Sarwar and Lila Rashid.
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