Shareholders of BRAC Bank PLC on Thursday approved 12.5 per cent cash dividend and 12.5 per cent stock dividend, totalling 25 per cent dividend, for the year 2024.
The approval came at the 26th annual general meeting of the bank held on a virtual platform on the day.
Chairman Meheriar M Hasan presided over the AGM.
Among others, vice-chairman Faruq Mayeenuddin Ahmed, directors Farzana Ahmed, Anita Ghazi Rahman, Chowdhury MAQ Sarwar, Lila Rashid, managing director and chief executive officer (current charge) Tareq Refat Ullah Khan and company secretary M Mahbubur Rahman were present.
Meheriar M Hasan highlighted the bank鈥檚 outstanding financial performance despite macroeconomic challenges. The key highlight of 2024 was customer deposits growing by 34 per cent and loans and advances by 20 per cent on a standalone basis, the release said.
He thanked the shareholders, regulators, co-workers and stakeholders for their continuous support and trust and expressed his strong optimism that the bank would achieve even more growth in 2025 and beyond.