38th AGM of AB Bank Limited Held & Approved 5% Stock Dividend

The 38th AGM of AB Bank Limited was held on September 02, 2020 on digital platform. The meeting unanimously approved 5% Stock Dividend for the year ended 2019. The listing category of the Bank has been placed in category “A” with effect from September 02, 2020 as per directives of Bangladesh Securities and Exchange Commission. AB Bank Limited completed 38th year of successful operation on April 12, 2020. Net Asset Value (NAV) of the Bank stood at Tk.2,284 crore and total assets stood at Tk.36,557 crore in 2019 which registered 13.33% growth over last year. AGM also adopted Directors’ Report, Audited Financial Statements and appointed Mr. Moshtaque Ahmed Chowdhury and Mr. Shajir Ahmed as Directors. Shareholders also appointed ACNABIN, Chartered Accountants, as Statutory Auditor of the Bank for the year 2020. Chairman of the Board Mr. Muhammad A. (Rumee) Ali, presided over the meeting. Mr. Tarique Afzal, President & Managing Director, Honorable Directors of the Board and a good number of Shareholders attended the Annual General Meeting over digital platform.