Business Report :
Shareholders of Dutch-Bangla Bank PLC has been approved 35 percent dividend (i.e 17.5% cash dividend and 17.5% stock dividend per share) for the year 2023. The declaration came out the 28th Annual General Meeting (AGM) of the bank held virtually on Sunday while Sadia Rayen Ahmed, Chairman of the bank, presides over the AGM.
The Audited Financial Statements of the bank for the year ended December 31, 2023 were placed before the AGM. The shareholders approved the Financial Statements for the year 2023 and made various observations & suggestions on performance of the Bank.
In 2023, profit before tax of the Bank stood at Taka 11,450.1 million compared to Taka 8,866.6 million in 2022. Profit after tax stood at Taka 8,017.4 million compared to Taka 5,661.7 million in 2022. During the year under review, earnings per share, attributable to shareholders, was Taka 10.72 compared to Taka 7.57 (restated) during the previous year. Capital to Risk-weighted Asset(s) Ratio (CRAR) under Basel III stood at 16.16% at the end of 2023 against the Bangladesh Bank’s minimum requirement of 12.50%.