DBBL approves 25pc dividend

Business Desk :
Dutch-Bangla Bank Limited (DBBL), has been approved 25 percent dividend for the year 2022. Among, the shareholders approved 17.5 percent cash dividend and 7.5 percent stock dividend per share. The declaration came out through its 27th Annual General Meeting (AGM) held through virtually recently under the chairmanship of Sayem Ahmed, Chairman, Board of Directors of the bank, said a press release.
The meeting approved the re-appointment of Sayem Ahmed and Sadia Rayen Ahmed as Director of the bank.

Total assets of the bank as of 31 December, 2022 stood at Taka 555,473.6 million compared to Taka 514,399.8 million of 2021 registering a growth by Taka 41,073.9 million or 8.0%. Loans and Advances of the bank stood at Taka 364,000.8 million at the end of 2022 with growth of 13.9% over Taka 319,448.1 million at the end of 2021. The deposits grew by Taka 36,631.0 million in 2022 from Taka 401,500.3 million to Taka 438,131.3 million showing a growth of 9.1%.

In 2022, profit before tax of the bank stood at Taka 8,866.6 million compared to Taka 8,132.7 million in 2021. Profit after tax stood at Taka 5,661.7 million compared to Taka 5,561.1 million in 2021.