Business

SBAC declares dividend


Published : 25 Jun 2022 07:40 PM

Shareholders of the South Bangla Agriculture and Commerce (SBAC) Bank have approved  1% Stock & 3% Cash dividend for the year ended 31 December 2021.

The approval was given in the 9th Annual General Meeting (AGM) of the bank, held on Thursday.  The meeting was presided by Abdul Kadir Molla; chairman of the bank on digital platform. The Chairman of the meeting in his speech to shareholders said that due to the Corona epidemic, the last two years have been extremely challenging for the banking sector. SBAC Bank's efficient management is working to address the emerging situation.

Our bank will be continuing to serve the interest of shareholders, clients and communities on the whole, he added. Among other directors, Vice Chairman Al-Haj Mizanur Rahman virtually attended the AGM. Managing Director & CEO of SBAC Bank, Mosleh Uddin Ahmed and Company Secretary Md. Mokaddess Ali was also present at the program. MD & CEO Mosleh Uddin Ahmed said that, we want to transform this bank into a public welfare and business success organization.

Hopefully, the bank will be able to make the desired profit in the future.