During the 24th Annual General Meeting (AGM) of BRAC Bank Limited, shareholders approved a 15% dividend for the year 2022, comprising 7.50% in cash and 7.50% in stock. The virtual AGM, chaired by Chairperson witnessed the participation of numerous shareholders and the presence of directors and key executives. The bank reported a consolidated Net Profit after tax (NPAT) of Tk612 crore in 2022, marking a 32% growth compared to the previous year. Shareholders also agreed to increase the bank’s authorized capital from Tk2,000 crore to Tk5,000 crore and approved changing its registered name to “Brac Bank PLC” in accordance with the Companies Act 1994.
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