DBH Finance approves 15pc cash, 2pc stock dividend

Business Report :

The 29th Annual General Meeting (AGM) of DBH Finance PLC was recently held on a digital platform, where shareholders approved a 15 per cent cash dividend and a 2 per cent stock dividend for the year ended 31 December 2024, as proposed by the Board of Directors.
The meeting was chaired by Dr A M R Chowdhury, Chairman of DBH. It was attended by Vice Chairman Syed Moinuddin Ahmed, directors Nazir Rahim Chowdhury, Khandkar Manwarul Islam, Professor Imran Rahman, Professor Nausheen Rahman, Managing Director and CEO Nasimul Baten, Company Secretary Jashim Uddin, FCS, and general shareholders.
In response to queries from shareholders, Managing Director and CEO Nasimul Baten highlighted DBH’s operational achievements, noting the company’s non-performing loan ratio stood at just 0.97 per cent in December 2024, enabling DBH to secure the highest credit rating of AAA (Triple A) for 20 consecutive years. He also spoke about the company’s various CSR initiatives, says a press release.
Chairman Dr A M R Chowdhury expressed satisfaction over DBH’s performance despite challenging economic conditions and an overall slowdown in the economy. He praised the management’s efforts to enhance risk management and service quality, which contributed to maintaining profitability, and expressed optimism that this positive trend would continue.