Bizdata Insights Main Logo

BizData Insights

Brac Bank Shareholders Approve 15% Dividend

Industry: Bank, Financial
Company: BRAC Bank Limited
Company Intelligence Tag: Business Insights

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.

Source for more details:

Related News

Navana Pharmaceuticals to Issue Tk 150 Crore Partial Convertible Bond

March 28, 2024

Navana Pharmaceuticals has obtained BSEC approval for issuing a partial convertible bond valued at Tk 150 crore. Priced at Tk 100,000 per unit, the bond aims to refinance the company's current bank loan. This fixed-income security offers interest payments and can be converted into a predetermined number of equity shares. The BSEC's consent letter ensures full bond payment secured by a bank guarantee.

Singer Bangladesh Leads as First Manufacturer in BSEZ

March 28, 2024

Singer Bangladesh Begins Production at $78 Million Factory in BSEZ, Aims to Manufacture 90% Components Locally. The new facility plans to manufacture refrigerators initially, with capacity for up to 10 lakh units annually. It aims to employ 5,000 people and produce air conditioners, televisions, and more by the third quarter.

National Finance Partners with Nagad for Digital Payment Solutions

March 28, 2024

National Finance recently signed a memorandum of understanding (MoU) with Nagad, allowing customers to utilize Nagad's payment services via the Nagad app. The agreement was formalized at Nagad's headquarters in Dhaka, marking a step towards enhanced digital payment accessibility.

bKash and DataSoft Host Seminar on Digital Payments in Microfinance

March 28, 2024

A seminar jointly organized by bKash and DataSoft emphasized the advantages of integrating digital payments within the microfinance sector. Experts highlighted that such integration can lead to time savings, increased productivity, and simplified installment and deposit collection processes.

Social Islami Bank Launches Seven Sub-Branches

March 28, 2024

Social Islami Bank has recently inaugurated seven new sub-branches across five districts in the country. The new locations include Birganj and Fulbari in Dinajpur, Munshibazar and Kulaura in Moulvibazar, Bhaluka in Mymensingh, Nabinagar in Brahmanbaria, and Godagari in Rajshahi.

Islami Bank Holds Shari’ah Supervisory Committee Meeting

March 28, 2024

Islami Bank Bangladesh PLC recently conducted a meeting of its Shari'ah Supervisory Committee through a virtual platform. Chaired by the committee's Chairman, the gathering included key members such as the Vice Chairman, Member Secretary, and the Managing Director & CEO of the bank.

Related News

Navana Pharmaceuticals to Issue Tk 150 Crore Partial Convertible Bond

March 28, 2024

Navana Pharmaceuticals has obtained BSEC approval for issuing a partial convertible bond valued at Tk 150 crore. Priced at Tk 100,000 per unit, the bond aims to refinance the company's current bank loan. This fixed-income security offers interest payments and can be converted into a predetermined number of equity shares. The BSEC's consent letter ensures full bond payment secured by a bank guarantee.

Singer Bangladesh Leads as First Manufacturer in BSEZ

March 28, 2024

Singer Bangladesh Begins Production at $78 Million Factory in BSEZ, Aims to Manufacture 90% Components Locally. The new facility plans to manufacture refrigerators initially, with capacity for up to 10 lakh units annually. It aims to employ 5,000 people and produce air conditioners, televisions, and more by the third quarter.

National Finance Partners with Nagad for Digital Payment Solutions

March 28, 2024

National Finance recently signed a memorandum of understanding (MoU) with Nagad, allowing customers to utilize Nagad's payment services via the Nagad app. The agreement was formalized at Nagad's headquarters in Dhaka, marking a step towards enhanced digital payment accessibility.

bKash and DataSoft Host Seminar on Digital Payments in Microfinance

March 28, 2024

A seminar jointly organized by bKash and DataSoft emphasized the advantages of integrating digital payments within the microfinance sector. Experts highlighted that such integration can lead to time savings, increased productivity, and simplified installment and deposit collection processes.

Social Islami Bank Launches Seven Sub-Branches

March 28, 2024

Social Islami Bank has recently inaugurated seven new sub-branches across five districts in the country. The new locations include Birganj and Fulbari in Dinajpur, Munshibazar and Kulaura in Moulvibazar, Bhaluka in Mymensingh, Nabinagar in Brahmanbaria, and Godagari in Rajshahi.

Islami Bank Holds Shari’ah Supervisory Committee Meeting

March 28, 2024

Islami Bank Bangladesh PLC recently conducted a meeting of its Shari'ah Supervisory Committee through a virtual platform. Chaired by the committee's Chairman, the gathering included key members such as the Vice Chairman, Member Secretary, and the Managing Director & CEO of the bank.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here