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BD FinanceAGM approves 12pc dividend


Published : 01 Apr 2021 09:35 PM

The 22nd annual general meeting (AGM) of BD Finance was held on Wednesday through virtual platform. 

Iqbal U Ahmed,Vice Chairman of BD Finance presided over the meeting.The shareholders of the company approved12% dividend (6 % stock and 6 % cash) for the year ended December31, 2020. The company’s Consolidated Earnings per share (EPS) stood at Tk. 1.80 in 2020 as against Tk. 1.12 in 2019. Net Profit after Tax increased by 65% where Operating Expenses decreased by 11.45%. NPL reduced to 3.22% from 4.84% in 2019.

 The Net Asset Value (NAV) per share stood at Tk. 17.86 as against Tk. 16.37 in 2019. Capital Adequacy Ratio (CAR) of the company increased to 18.72% as against 17.57% in 2019. The meeting was attended among others by Director Md. Asaduzzaman Khan, Director Golam Hafiz Ahmed, Director Shahnaz Rashid, Director Geasuddin Ahmed, Director YousufAman, Director Imtiyaj Yousuf, DirectorIhtiaz Yousuf, Director Md. Rokonuzzaman, FCA, Managing Director & CEO Md. Kyser Hamid and CFO of the company Md. SajjadurRahmanBhuiyan.

Company Secretary Munshi Abu Naim ACS conducted the Meeting. A large number of shareholders also attended the meeting on virtual platform.