40th Annual General Meeting of AB Bank Limited

The 40th AGM of AB Bank Limited was held on July 06, 2022. The Meeting unanimously approved 2% Cash Dividend and 3% Stock Dividend for the year ended 2021. The Bank completed 40th year of successful operation on April 12, 2022.

In 2021, Profit after Tax of the Bank stood at BDT 72 crore which is 82% higher than the previous year. At the end of 2021, total assets of the Bank was BDT 41,336 crore where Net Asset Value (NAV) was BDT 2,556 crore.

Mr. Muhammad A. (Rumee) Ali and Mr. Shajir Ahmed have completed their tenor as Directors. Mr. Muhammad A. (Rumee) Ali expressed his desire not to seek re-election and Mr. Shajir Ahmed has been re-elected as Director. AGM also adopted Directors’ Report, Audited Financial Statements. Shareholders also re-appointed ACNABIN, Chartered Accountants, as Statutory Auditor and M/s. S. F. Ahmed & Co., Chartered Accountants, as Corporate Governance Compliance Auditor of the Bank for the year 2022. 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 on digital platform.