The 41st Annual General Meeting (AGM) of AB Bank Limited was held on Saturday through a Digital Platform.
The Chairman of the Board Barrister Khairul Alam Choudhury, presided over the meeting. The Board of Directors, the President, the Managing Director of the Bank Tarique Afzal and a good number of Shareholders participated in the meeting, reads a press release.
In the backdrop of local and global economic perspectives, the President and Managing Director of the Bank presented the performance of the Bank in 2022.
He also assured the shareholders about the continuous development of the Bank's financials. The Chairman of the Board of Directors in his speech emphasized on sound corporate governance, especially being vigilant in respect of money laundering and non-performing loans in view of the recent amendments of banking laws. The Chairman also expressed the commitment of the Bank to adhere to undertakings given to Bangladesh Bank, BSEC, Shareholders and depositors for the growth of the Bank. Referring to the Bank Company Act 1991 (amendment up to 2023), he also clarified Bank's position against the willful defaulters.
Feroz Ahmed was re-elected as Director in the AGM. The shareholders also approved the appointment of Md. Eskandar Miah as Independent Director of the Bank.
Besides, the meeting adopted Director's Report and the Audited Financial Statements-2022. The shareholders appointed M.M Rahman and Co., chartered accountants, as Statutory Auditor and S. F. Ahmed & Co., chartered accountants, as Corporate Governance Compliance Auditor of the Bank for the year 2023.
