Dutch-Bangla Bank approves 35pc dividend

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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.

Total assets of the Bank as of 31 December, 2023 stood at Taka 593,883.1 million compared to Taka 555,473.6 million of 2022 registering growth by Taka 38,409.5 million or 6.9%. Loans and Advances of the Bank stood at Taka 412,073.0 million at the end of 2023 with a growth of 13.2% over Taka 364,000.8 million at the end of 2022. The deposits grew by Taka 34,458.8 million in 2023 from Taka 438,131.3 million to Taka 472,590.1 million showing a growth of 7.9%. 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.

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