42^nd Annual General Meeting (AGM) of AB Bank PLC. was held on June 12, 2024 at Sena Malancha, Dhaka through hybrid system. Barrister Khairul Alam Choudhury, the Chairman of the Board of Directors, presided over the meeting. The Board of Directors; Managing Director of the Bank, Mr. Tarique Afzal and a good number of shareholders participated in the meeting.

In the AGM, Barrister Khairul Alam Choudhury was re-elected as Director. Mr. Md. Fazlur Rahman was elected as Director and Mr. Ramendra Nath Basak, FCA was elected as Independent Director of the Bank. In addition, Mr. Maqsudul Huq Khan was resigned from the Board of Directors.

The meeting adopted the Directors’ Report and the Audited Financial Statements for the year 2023. The shareholders appointed M.M Rahman & Co., Chartered Accountants, as Statutory Auditor and S. F. Ahmed & Co., Charted Accountants, as Corporate Governance Compliance Auditor of the Bank for the year 2024. The Meeting unanimously approved 2% Stock Dividend for the year 2023.

During the year 2023, Operating Profit and Profit after Tax of the Bank stood at BDT 501 crore and BDT 72 crore respectively. The Net Asset Value Per Share (NAVPS) stood at BDT 27.87.

It is notable that the Bank completed its 42^nd successful year journey. On this auspicious occasion, the Bank expressed its deep gratitude to the Shareholders, Customers, Regulators, and all the well-wishers.