AB Bank PLC held its 42nd annual general meeting (AGM) at Sena Malancha, Dhaka, where a 2 percent stock dividend for the year 2023 was approved. The bank reported an operating profit of Tk 501 crore and a profit after tax of Tk 72 crore for 2023, with a net asset value per share of Tk 27.87. During the AGM, the directors’ report and the audited financial statements for 2023 were approved by the shareholders. Additionally, new directors and an independent director were elected. The meeting also saw the resignation of a board member. For the upcoming year, MM Rahman & Co Chartered Accountants was appointed as the statutory auditor, and SF Ahmed & Co Chartered Accountants was appointed as the corporate governance compliance auditor. This AGM underscored the bank’s commitment to maintaining financial transparency and governance standards.
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