Colors Desk: Eastern Bank Limited (EBL) has announced a 35 percent dividend for the year ended on 31 December 2020. The dividend comprising 17.50% cash and 17.50% stock was unanimously approved by the shareholders at the 29th Annual General Meeting (AGM) held virtually last Sunday and is the highest among the Commercial Banks.
Md Showkat Ali Chowdhury, Chairman of the Board of Directors of EBL presided over the AGM, which was attended by the directors of the bank M Ghaziul Haque, Mir Nasir Hossain, Salina Ali, Anis Ahmed, Mufakkharul Islam Khasru, Gazi Md Shakhawat Hossain, KJS Banu, Zara Namreen, and Ashiq Imran; Managing Director and CEO Ali Reza Iftekhar, Company Secretary Md. Abdullah Al Mamun and other senior officials.
A large number of shareholders also joined the meeting and approved all the agenda that was placed at the AGM. Shareholders appreciated the board and management for the bank’s financial performance despite the challenging time of the COVID-19 pandemic.