The 19th annual general meeting (AGM) of Premier Bank Limited has approved 15 per cent stock dividend for the year ended on December 31, 2017, according to a statement.
Bank Chairman Dr. H. B. M. Iqbal as well as the directors and shareholders were present at the AGM held in the capital on Monday.
Dr. Iqbal informed the shareholders that during the year 2017, the bank earned operating profit of Tk 4.32 billion, showing a growth of 30.12 per cent as compared to Tk 3.32 billion in 2016.
Total loans and advances stood at around Tk 135.90 billion at the end of 2017 against Tk 113.72 billion in 2016, reflecting a significant growth of 19.49 per cent.
The chairman appreciated the support of the board members and the effort made by the management team to bring about improvement in the operations of the bank.
Managing Director M.Reazul Karim appreciated the effort and the continuous support given by the employees and the shareholders of the bank. The Bank has already opened up a new horizon in the corporate world with the introduction of some sophisticated and cell phone-oriented products, new branches, ATMs and agent banking.
He also added that the new initiatives will render the banking services among the distant people which is the dream of Premier Bank. He expressed his determination that the bank will flourish to be the best bank in the country.
Among others, member of the board of directors B. H. Haroon, MP; Abdus Salam Murshedy, Jamal G Ahmed, Nahyan Haroon, Independent Director Chowdhury Jafarullah Sharafat, Alternative Director A. H. M. Ferdous, Advisor Mr. Muhammed Ali and senior executives of the bank were also present at the meeting.